Tertiary Minerals plc has granted a total of 47 million five-year warrants, exercisable at 0.085 pence per new ordinary share, to its directors and employees as part of their remuneration. ZAMBIA The warrants represent 0.91% of the company’s existing issued share capital and allow the recipients to subscribe for new ordinary shares of 0.01 pence […]
Tag: warrants issue
Focus reviews portfolio and new projects
Focus Xplore plc has started to review its existing interests and evaluate a “range of new exploration opportunities”. FINANCES The company’s current exploration portfolio covers uranium, lithium and selected rare earth elements (magnet metals) in Ontario, Canada. The review follows last month’s board resignations and appointments, while the company expects to appoint an additional director. Focus […]
Europa raises £641,000 from retail offer
Europa Oil & Gas (Holdings) plc has raised £641,176.89 from its retail offer of 53,431,408 new ordinary shares, each at 1.2 pence, and up to 13,357,852 warrants. TVRs The company said it had increased the size of the offer, originally set at £350,000, for existing shareholders. Europa subsequently had to scale back the offer to […]
Block extends £2m senior loan facility
Block Energy plc has extended its existing $2 million senior secured loan facility for a further 18 months to 2 August 2027. DIRECTORS The loan, orginally agreed in February 2023, was increased to $2m in May 2023, and the original 18-month term extended to July 2024 and then to February 2026. In relation to the […]
First Class agrees up to £1m CLN
First Class Metals plc has secured new interest-free convertible loan note for up to £1 million with an international investor. WARRANTS The financing, agreed at the end of January, will fund inaugural drilling on the Sunbeam gold property in Ontario, Canada as well as general working capital. The interest-free convertible loan notes are of £1 […]
Predator raises £4.5m to drill Snowcap-3
Predator Oil & Gas Holdings plc has conditionally raised £4.5 million via a placing of 128,571,419 million new ordinary shares of no par value in the company, at a placing price of 3.5 pence each. TVRs The company said it had used some of its existing ability to issue shares under the Financial Conduct’s Authority Public Offers and Admissions to Trading […]