Pendragon PLC - Nottingham, England-based automotive retailer - Says Martin Casha will resign from his chief operating officer role after 42 years of being with the firm to become the chief executive officer of Marshall Motor Group Ltd. Marshall Motor is a car dealing company. Says he will continue as COO until November 7. Read More
(Jangada Mines issued a correction amending percentage interest in Blencowe Resources to 12% from previously stated 9.5%). Read More
Tower Resources PLC - Africa-focused oil and gas company - Swings to an annual pretax loss of USD1.0 million from a profit of USD196,547 the prior year. The company posts no revenue for the year nor does it declare a dividend, both unchanged from the prior year. Tower Resources says that the war in Ukraine has deteriorated the general economic and market conditions, with the company warning that this could reach a point where it becomes impossible to raise equity finance in UK equities markets to fund exploration projects, nor debt to develop projects. Read More
(Alliance News) - Tower Resources PLC on Friday said it undertook a basin and thermal maturity study within the license PEL 96 in Namibia. Read More
Tower Resources PLC - Africa-focused oil and gas company - Stake of Chair & Chief Executive Officer Jeremy Asher in company falls to 7.2% from 16%, as company placed 4.60 billion new shares, under which Asher subscribed for 100.0 million new shares. When it announced the placing on May 16, firm said it will use the funds for preparation of drilling of the Njom-3 well, including associated services payments, and as working capital. Read More
Tower Resources PLC - Africa-focused oil and gas company - Chair and Chief Executive Jeremy Asher lowers stake to 7.2% from 16%. No further details were provided. Read More
Tower Resources PLC - Africa-focused oil and gas company - Raises GBP2.3 million in a conditional placing of 4.6 million shares at a price of 0.05p each, a 56% discount to Monday's closing price in London of 0.11p. Says it will use the funds for preparation of drilling of the Njom-3 well, including associated services payments, and as working capital. "A portion of the funds raised will also be used to advance the company's other 2023 work programs in Namibia and South Africa, including the ongoing basin modelling work currently underway on the company's Namibian license PEL 96," Tower says. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Tower Resources PLC - Africa-focused oil and gas company - Says Energy Exploration Capital Partners LLC requests it issue 102.5 million shares for the price of 0.12 pence each, worth GBP123,000. EECP has pre-paid USD150,000 amid a wider placing of USD6 million in shares by Tower Resources with EECP in mid-January. Says application for placing shares to be admitted to trading on AIM in London has been made, with admission expected to take place on or around Tuesday next week. Read More
Tower Resources PLC - Africa-focused oil and gas company - Announces institutional share placing worth up to USD6 million with Energy Exploration Capital Partners LLC. Initially the placing will raise USD1.3 million at a premium price of 0.36p, after which EECP will invest up to USD1.8 million in aggregate for shares worth up to USD1.9 million. If required, Tower may raise a further USD3.0 million from Energy Exploration Capital Partners via a shares issue. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Tower Resources PLC on Tuesday said it has raised GBP1.5 million through a placing and subscription of around 857.1 million new shares. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Tower Resources PLC - Africa-focused oil and gas company - Says Cameroon government agrees to further extension of exploration to May 2023. However, Tower Resources is redrawing its funding plans for drilling the NJOM-3 well at the Thali project, offshore Cameroon. Tower Resources says it has yet to receive approval from the government of Cameroon regarding its farm-out to Beluga Energy of a 49% non-operating working interest in its Thali production sharing contract. The farm-out to Beluga Energy Ltd covers USD15 million towards the expected USD16.8 million cost of the NJOM-3 well that Tower is planning to drill. Company has now informed Cameroon's minister of mines, industry & technological development it will no longer be seeking approval of the farmout in its current form. Read More
IN BRIEF: Tower Resources, Global Petroleum encouraged by Graff-1 Read More