Sunda Energy plc will issue 11,763,447 new ordinary shares of 0.1 pence each, following notice from Alumni Capital Ltd to convert £100,000 of the outstanding drawn-down principal amount of its loan notes, plus a £10,000 finance charge. TVRs The company has additionally granted to Alumni a total of 6,786,604 CLN warrants entitling the holder to […]
Tag: warrants issue
Fulcrum agrees proposed $20m financing
Fulcrum Metals plc has signed a non-binding US$20 million (£15m) royalty financing term sheet and a £200,000 subscription with Chancery Royalty Ltd for its Teck-Hughes tailings project in Ontario, Canada. GROWTH Under the proposals, Chancery receives a 5% net smelter royalty over Teck-Hughes gold production while Fulcrum retains the right to repurchase 2% of the […]
Focus issues 40m new shares and warrants
Focus Xplore plc has allotted 40 million new ordinary shares of £0.001 each, after receiving notice to convert March 2026 loan notes valued at £10,000, at 0.025 pence per conversion share. TVRs The company will also issue to the noteholder 40m warrants, each exercisable at 0.025 pence per share for a period of four years […]
First Class raises £1m
First Class Metals plc has raised gross £1 million through a placing of 26,315,790 new ordinary shares, at a price of 3.8 pence per share. TVRs The placing price is a 9.5% discount to the bid closing price of the company’s shares on 8 June 2026. The company will also issue over 909,090 new ordinary shares, in […]
Nativo agrees new £2.1m loan
Nativo Resources plc has agreed a new £2.1 million unsecured loan agreement with institutional investor YA II PN Ltd, which is managed by Yorkville Advisors Global LP. PERU The new package replaces the November 2025 convertible loan note. In addition to the loan, the funding includes an at-the-market (ATM) equity issuance facility with Nativo’s corporate […]
Sunda investors back capital reorganisation
Sunda Energy plc has received shareholder support for a capital reorganisation, which results in 34,501,863,365 ordinary shares reduced to 345,018,634 new ordinary shares. DIRECTORS Shareholders also approved admission of 26,890,755 conditional subscription shares and 13,606,029 retail offer shares, from fundraises earlier this month. Sunda is also now authorised to grant 28,571,426 subscription warrants and 6,802,977 […]