Helium One Global Ltd has issued 15,716,133 ordinary shares in the company in lieu of cash payment for services provided on the Rukwa licence, Tanzania. The shares issue covers services during the extended well test on Itumbula West-1 earlier this year and was agreed with the provider company before the operation. Following admission, Helium One’s issued […]
Tag: shares for fees
GreenRoc issues 2m shares to settle fees
GreenRoc Strategic Materials plc has issued 2,155,283 new ordinary shares to settle approximately £41,000 in fees. Following issue of the shares, GreenRoc’s total issued share capital will comprise 194,883,209 ordinary shares of 0.1 pence each, with voting rights. The company, previously called GreenRoc Mining plc, also began using it new name from today. Focused on graphite […]
Red Rock issues 75m shares for service debt
Red Rock Resources plc has issued 75 million new ordinary shares at a subscription price of 0.045 pence per share to convert £33,750 debt owed to a service provider. On admission, the company’s issued ordinary share capital will comprise 4,380,645,478 ordinary shares, with voting rights. Red Rock holds none of the ordinary shares in treasury.
Angus shareholders approve 227m fee shares issue
Angus Energy plc shareholders backed the issue of 226,513,000 fee shares to Aleph Commodities Ltd in relation to February’s £20m Trafigura financing. Approval was given at the company’s general meeting on 14 March. On admission, Angus will have 4,394,406,340 ordinary shares in issue, each with the right to one vote. The company holds no ordinary shares […]
Angus issues initial 25m shares for £20m loan fees
Angus Energy plc has issued 25 million new ordinary shares each at 0.40 pence as part payment of £750,000 fees to secure Trafigura‘s £20m loan The outstanding amount of the total 187.5m fee shares due to Aleph Commodities Ltd are subject to further authorisation at Angus’ general meeting on 14 March 2024. Following admission, the […]
Scirocco cancels directors’ fee shares options
Scirocco Energy plc has cancelled certain options held by directors and former directors under the shares in lieu of fees scheme and paid the money owed in cash. OBLIGATION From 2020 to 2022 the directors concerned deferred salaries to preserve cash in the business in exchange for new ordinary shares options, resulting in £447,000 savings. […]