Top 5 Most Read RNS's on Vox Markets for Friday 3rd March 2023
Episode 1230, Mar 03, 2023, 07:51 AM
Top 5 Most Read RNS's on Vox Markets for Friday 3rd March 2023
5. Invinity Energy Systems #IES - Conditional Agreement to Repay Loan Facility
Invinity Energy Systems has entered into a prepayment agreement to repay the outstanding drawn amount of the convertible loan facility with RiverFort Global Opportunities.
On 23 February 2023 the Company announced that the Placing was oversubscribed and subsequently increased to £19 million.
The Company believes it is in shareholders' best interests to commit a proportion of its existing cash resources to the repayment of the Facility as described above.
4. Conroy Gold & Natural Resources #CGNR - New Gold Target and Second Gold Trend Identified
New gold target discovered in County Monaghan
Second gold trend lies parallel and to the south of the Orlock Bridge Fault Zone gold trend. New trend covers the new gold target and the recent high grade gold discovery in Co. Armagh.
Five further prospecting licences applied for along the new gold trend.
3. Longboat Energy PLC - PL 939 Licence Update - Egyptian Vulture
In October 2021, Longboat announced the Egyptian Vulture light oil discovery (Longboat 15%) close to infrastructure on the Halten Terrace in the Norwegian Sea.
For an appraisal well on Egyptian Vulture to be successful, it would need to encounter better reservoir quality than that penetrated by the discovery well. The Joint Venture participants, following extensive technical work, have been unable to form an aligned view regarding an appraisal well and will not be committing to a licence extension. Therefore the licence is being relinquished.
2. Bens Creek Group #BEN - Amendment and conversion of loan facility with MBU
Bens Creek Group has exercised its right to convert the full outstanding amount of its loan facility with the Group into new ordinary shares. The Company has also agreed with MBU to vary the conversion price of the proportion of the Loan Facility that is convertible at 60p to now convert at 30p.
1. Vast Resources #VAST - Board Update
The Board of Vast Resources today announces that Craig Harvey, Technical Director, has notified the Board of his intention to step down as a director of the Company which will become effective immediately.
5. Invinity Energy Systems #IES - Conditional Agreement to Repay Loan Facility
Invinity Energy Systems has entered into a prepayment agreement to repay the outstanding drawn amount of the convertible loan facility with RiverFort Global Opportunities.
On 23 February 2023 the Company announced that the Placing was oversubscribed and subsequently increased to £19 million.
The Company believes it is in shareholders' best interests to commit a proportion of its existing cash resources to the repayment of the Facility as described above.
4. Conroy Gold & Natural Resources #CGNR - New Gold Target and Second Gold Trend Identified
New gold target discovered in County Monaghan
Second gold trend lies parallel and to the south of the Orlock Bridge Fault Zone gold trend. New trend covers the new gold target and the recent high grade gold discovery in Co. Armagh.
Five further prospecting licences applied for along the new gold trend.
3. Longboat Energy PLC - PL 939 Licence Update - Egyptian Vulture
In October 2021, Longboat announced the Egyptian Vulture light oil discovery (Longboat 15%) close to infrastructure on the Halten Terrace in the Norwegian Sea.
For an appraisal well on Egyptian Vulture to be successful, it would need to encounter better reservoir quality than that penetrated by the discovery well. The Joint Venture participants, following extensive technical work, have been unable to form an aligned view regarding an appraisal well and will not be committing to a licence extension. Therefore the licence is being relinquished.
2. Bens Creek Group #BEN - Amendment and conversion of loan facility with MBU
Bens Creek Group has exercised its right to convert the full outstanding amount of its loan facility with the Group into new ordinary shares. The Company has also agreed with MBU to vary the conversion price of the proportion of the Loan Facility that is convertible at 60p to now convert at 30p.
1. Vast Resources #VAST - Board Update
The Board of Vast Resources today announces that Craig Harvey, Technical Director, has notified the Board of his intention to step down as a director of the Company which will become effective immediately.