Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The full announcement is here:
https://www2.asx.com.au/markets/company/thr
Capital Raise
The Company has raised gross proceeds of A$2,650,000 via the placing of 378,571,429 Placing Shares at aprice of A$0.007 per Placing Share.
Subject to shareholder approval, the placees are to receive three options for every four Placing Shares subscribed, exercisable at $0.009 expiring 2 years from issue , being a total of 283,928,583 options. The Shareholder Meeting to consider this matter is expected to occur in early January 2023. The Company will lodge a Notice of Meeting on or by 9 December 2022.
Funds raised to be utilised for exploration activities at the Company’s uranium projectsin the United States, with funds also being used to progress gold, nickel and lithium exploration activities at Ragged Range in the Pilbara region of Western Australia, as well as for general working capital purposes.
The Placing price represents a discount of 22% to the last ASX-traded price of A$0.009 on 24 November 2022 and a 23% discount to the VWAP of the last 15 days traded prior to that date. The Placing Shares being issued represent approximately 19% of the existing issued ordinary share capital of the Company prior to the Placing.
Subject to shareholder approval, the Company will also grant 94,642,858 options to DealAccess as part consideration for services provided as lead manager for the capital raise (“Broker Options”). These will be of the same class as those options issued to Australian placees, having an exercise price of $0.009 and expire two yearsfrom the issue date.
Thor intends to apply for the quotation of the Placement Options and the Broker Options, subject to meeting the ASX’s minimum listing requirements.
Share Issue
The Company expects to issue 378,571,429 Ordinary Shares at $0.007 per share to raise $2.65 million,utilising the Company’s existing shareholder authorities and placement capacity under ASX listing rules 7.1 and 7.1A.
STRATEGIC PLACEMENT RAISES $2.65M
Proceeds to be used to Advance US Uranium Projects.
Proposed Name Change to “Thor Energy Plc”
The directors of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB:
THORF) are pleased to announce a successful capital raise of A$2.65m to fund exploration activities at the Company’s project interests, with particular emphasis on the uranium exploration licences in Colorado and Utah in the United States.
Following this placement, including existing cash and listed investments, the Company’s total liquidity position is now circa A$4.0m (before costs of the capital raise).
The Company will also seek shareholder approval to change the Company’s name to “Thor Energy Plc” at a General Meeting of shareholders expected to be held on 4
January 2023. The proposed name change is intended to reflect the Company’s greater focus on its uranium assets within its portfolio.
Highlights:
? The Company has raised gross proceeds of A$2.65m via a placing of 378,571,429 new ordinary shares and Australian Securities Exchange-listed (“ASX") CDI’s (“Ordinary Shares”) (the “Placing Shares”) at a price of A$0.007 (0.7 cents) perOrdinary Share (the “Placing”). Applications to participate in the placement were scaled back following strong demand.
? Subject to shareholder approval, all placees will also receive three options for each four Placing Shares subscribed, being a total of 283,928,583 options (the “Placement Options”. All Placement Options are exercisable at $0.009 (0.9 cents)and expire 2 years from issue date.
? Thor intends to apply for the quotation of the options, subject to meeting the ASX’s minimum listing requirements.
? The allotment of the Placing Shares will not be subject to shareholder approval, falling within the Company’s existing shareholder authorities and placement capacity under ASX Listing Rules 7.1 and 7.1A.
? Strong support was received from existing and new shareholders,strengthening the Company’s share register. DealAccess Pty Ltd acted as lead manager for the Placement with support from WH Ireland Limited in the UK.
? Funds raised to be utilised for exploration activities at the Company’s uranium projectsin the United States, as well asto progress drilling at the Kelly’s and Krona gold, nickel and lithium prospects in the Pilbara region of Western Australia, as well as for general working capital purposes.
This is our learn and develop phase, I can't believe people suggested we would sell every single NFT in the first couple of days, if not the first hour and others believed it. That was set up to create an unrealistic situation which the MMs have used to great effect for their benefit. I'm not expecting an update every 5 mins, holding long and topped up today.
Has to be something to do with progressing Ragged Range, From today's RNS:
"The Molyhil divestment and Bonya sale reflect the Company's focus on our priority US uranium assets and the multi-element Ragged Range project, where we see the most significant and nearest-term value potential within Thor's portfolio."
Thor Mining PLC (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF), requests a trading halt be placed on its securities immediately, pending an announcement to the market in relation to a capital raising.
Thor is not aware of any reason that a trading halt should not be placed on its securities. The trading halt is expected to be lifted by no later than commencement of trading on Tuesday, 29 November 2022, pending release of an announcement by the Company in relation to the capital raising.
This request was authorised for release by the Board of the Company
It was yes and good news
https://www2.asx.com.au/markets/company/syn
Synergia Energy Ltd (the “Company” or “Synergia”) is pleased to announce the following update with respect to its
Cambay India operations.
The C-77H well continues to produce on a consistent plateau with gas rates between 255 and 275 MCFD. Gas production
is being sold at the Government of India regulated price of $8.57/MCF.
In addition to the C-77H gas condensate, oil production from the C-19z, C-20, C-63 and C-72 wells has re-commenced.
Although the newly re-opened oil wells are experiencing “flush production” (the higher rate normally experienced when
wells are brought back online), currently an aggregate of c. 50 bopd (including condensate) is being produced.
The oil is being sold at Bonny Light average pricing. In October 2022, 893 bbls of oil were sold at $78.8/bbl.
I'm not too sure, it reads to as if HUR said we said, but we didn't?
In the Hurricane Announcement, Hurricane stated that whilst the outcome of the formal sale process is uncertain, it is in a very strong financial and operational position but noted that Crystal Amber, which holds 28.9 per cent of Hurricane's shares and is Hurricane's largest shareholder, has indicated to the Hurricane Board its desire to monetise the value of its shareholding.
Crystal Amber, by virtue of its 28.9 per cent holding, is presumed by The Takeover Panel to be acting in concert with Hurricane
https://www.lse.co.uk/rns/CRS/shareholder-returns-update-dividend-declaration-f7a8jb1dxjpnu1r.html
The discussion thread here is worth a read although I'm sorry to say it offers no comfort.
https://hotcopper.com.au/asx/mxc/
I missed the first bit, sorry
The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes the announcement made yesterday evening by Conduit Pharmaceuticals Limited ("Conduit") that it intends to become a publicly traded company on NASDAQ in the USA via a merger with Murphy Cannon Acquisition Corp. ("Murphy"), a NASDAQ-listed special purpose acquisition company.
Vela holds an economic interest in the commercialisation of a particular application of AZD1656, one of the assets of Conduit. Details of Vela's interest in AZD1656 were set out in the announcement published by Vela on 20 October 2020.
A copy of the announcement can be found at:
Conduit Pharmaceuticals to Become a Publicly Traded Company via Merger with Murphy Canyon Acquisition Corp. (accesswire.com)
One has just been released showing on Vox
The salient points of the announcement are as follows:
· Conduit and Murphy have entered into a definitive business combination agreement.
· The business combination is expected to provide Conduit with access to the public equity markets, which the parties believe will accelerate development of Conduit's autoimmune disease and idiopathic male infertility pipeline.
· The business combination is expected to close in the first quarter of 2023.
· The transaction is expected to deliver cash proceeds of around $149.65 million to Conduit (assuming no redemptions) to fund Conduit's clinical development programmes.
No, forget my last post
Apparently we won't know the full details until 12 hours after this announcement?
Rule 26.1 disclosure
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at www.Hurricaneenergy.com by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
EHGOSF Subscribes to a £ 150,000 Second Tranche Under £ 3 Million Financing Facility
Iconic announces that European High Growth Opportunities Securitization Fund ("EHGOSF") has subscribed to a £150,000 second tranche of convertible notes under the £3 million financing facility that was entered into on 28 September 2022.
In exchange, Iconic will issue 150 convertible notes to EHGOSF along with 468,750,000 warrants with an exercise price of £ 0.00016.
The funds under this second tranche shall be used to meet Iconic's obligations to critical and preferential creditors under the CVA and for operational purposes as Iconic seeks to get its trading suspension lifted as soon as possible.