Beacon Energy plc today temporarily suspended its shares from trading until it announces and publishes an admission document. LOSSES The company’s local subsidiary previously accumulated debts of €7.5 million following a poor show from drilling on the Erfelden field in Hessen, Germany. In January, Beacon became a cash shell after creditors sold certain assets, marking […]
Tag: shares
Court sanctions Metals’ acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,141 new Metals shares issued to Condor shareholders, Metals will have 2,965,438,788 ordinary shares of £0.0001 each in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of […]
Reabold increases share in Colle Santo
Reabold Resources plc has increased its interest to 29.2% in the Colle Santo gas field option holder. RESOURCE The company converted £510,236.28 of convertible loan notes plus accrued interest, into 36 ordinary shares of LNEnergy Ltd at £14,173.23 per share. The loan note is dated 26 March 2024. LNEnergy manages and owns 20% in Italian […]
Guardian receives £85,000 via warrant exercise
Guardian Metal Resources plc received £85,107.61 following notices to exercise warrants over 500,633 new ordinary shares of 1 pence each in the company. The exercise on 26 July, was at a price of 17p per warrant share. Following admission the company’s share capital will comprise 111,058,265 ordinary shares of 1p each, with voting rights. A TR-1 […]
UKOG makes further loan repayment
UK Oil & Gas plc has further reduced its £2 million loan from 2023 with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company issued a further 238,095,238 equity shares to repay £50,000, leaving a balance of £260,000. Following admission, UKOG’s total voting rights will be 4,586,597,988 ordinary shares.
UKOG repays more of £2m loan
UK Oil & Gas plc has repaid a further £55,000 of its loan by issuing a further 244,444,444 shares to investors RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The balance now stands at £310,000 of the original £2m loan. Following admission, UKOG’s total voting rights will be 4,348,502,750 ordinary shares.