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Tomco Energy Share News (TOM)
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Tomco Energy Information
Share Price Information for Tomco Energy (TOM)
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Share Price:
0.035
Bid:
0.03
Ask:
0.04
Change:
0.00 (0.00%)
Spread:
0.01 (33.333%)
Open:
0.035
High:
0.035
Low:
0.035
Prev. Close:
0.035
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Don't have an account? Click here to register.TomCo borrows £0.15m from its own CEO
Fri, 20th May 2016 14:01
(ShareCast News) - Oil mining company TomCo Energy announced on Friday that it has entered into an agreement with its own CEO, Chris Brown, to provide £0.15m by way of a loan convertible into ordinary shares.The AIM-traded firm said that, in addition, it has agreed to issue warrants to Brown.It said the funds raised will be used to provide working capital to the company and to pay for initial feasibility work in connection with the palm oil milling project currently under review."The company has agreed to pay interest on the Convertible Loan at the rate of 5% per annum, and are convertible into ordinary shares either automatically if an equity placing takes place within six months of the issue, or at the election of the holder if no placing occurs," TomCo's board said in a statement.TomCo confirmed that as Brown is CEO of the company, the decision was taken by directors independent of the transaction, who deemed it to be fair and reasonable.
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TomCo Energy First Half Pretax Loss Narrows
LONDON (Alliance News) - TomCo Energy PLC Tuesday reported a narrower first-half pretax loss, due to a reduction in administrative expenses. In a statement, TomCo said it made a GBP357,000 pretax loss in the six months ended March 31, compared with GBP402,000 in the corresponding period a y
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TomCo Says Red Leaf Moves Towards Mining With EcoShale Technology
LONDON (Alliance News) - TomCo Energy PLC said Wednesday that Red Leaf Resources Inc is moving towards commencing mining at its ML43374 and ML 50150 leases at the Seep Ridge site in Utah, which will use TomCo's EcoShale In-Capsule technology to extract oil. The company inked a licence agree
Read more17 Feb 2014 12:20
TomCo Energy Submits Utah Water Discharge Permit Application
LONDON (Alliance News) - Oil shale exploration and development company TomCo Energy PLC Monday said it has submitted a Ground Water Discharge Permit application to the Utah Division of Water Quality, another step in its efforts to get all the permits required to start commercial shale oil product
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