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proactiveinvestors.co.uk

TomCo Energy agrees new Valkor deal and raises some working capital, shares drop

TomCo Energy PLC (AIM:TOM, OTC:TMCGF) shares dropped 35% on Monday, falling to 0.035p, impacted by expected new equity dilution, after it announced a renewed partnership with Valkor LLC that leaves the pair jointly controlling Greenfield Energy on a 50:50 basis, as the AIM-listed group looks to progress oil-sands opportunities in Utah's Uinta Basin. The reset comes with balance-sheet engineering.

proactiveinvestors.com

TomCo Energy agrees new Valkor deal and raises some working capital, shares drop

TomCo Energy PLC (AIM:TOM, OTC:TMCGF) shares dropped 35% on Monday, falling to 0.035p, impacted by expected new equity dilution, after it announced a...

proactiveinvestors.com

Atlantic Lithium talks end, it will stick to plan and await Ewoyaa ratification

Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) said it has ended exclusive discussions over a potential change-of-control deal, opting to wait for...

proactiveinvestors.com

Helix Exploration starts producing helium in Montana

HeLIX Exploration PLC (AIM:HEX, OTCQB:HHEXF) has started producing helium gas at its Rudyard project in northern Montana, saying the move makes it the first...

proactiveinvestors.com

Caledonia appoints Stanbic and CBZ as co-lead arrangers for up to US$150 million interim facility

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has appointed Stanbic Bank Zimbabwe and CBZ Bank Limited as co-lead arrangers for its...

proactiveinvestors.co.uk

TomCo Energy' Greenfield Energy proposes redemption of 10% Tar Sands interest

TomCo Energy PLC (AIM:TOM, OTC:TMCGF)'s wholly-owned subsidiary Greenfield Energy has entered into an agreement regarding the proposed redemption of its 10% membership interest in Tar Sands Holdings II (TSHII). The redemption is set at a total consideration of $1.58 million (£1.23 million).

proactiveinvestors.com

Tomco Energy raises working capital as talks continue over Utah site

TomCo Energy PLC (AIM:TOM, OTC:TMCGF) has raised £300,000 of new funds, through an equity raise process, with the proceeds providing working capital as it works to progress its project in Utah. The company, in a statement, said it had raised £200,000 through a share placing and £100,000 through a separate subscription for shares – with all new shares priced at 0.045p each.

proactiveinvestors.com

TomCo Energy shares soar on cash boost as Greenfield funding efforts continue

TomCo Energy PLC (AIM:TOM) shares found support with the news that the company had raised £100,000 of gross proceeds via a share sale, with an existing shareholder subscribing for 125 million shares at a price of 0.08p each. The newly issued equity will represent around 3.9% of the company.

proactiveinvestors.co.uk

Tomco sees Utah reserves upgraded as funding talks continue

TomCo Energy has published an updated independent reserves report for its Greenfield Energy subsidiary's interests in Tar Sands II (TSHII) project in Utah. Greenfield owns a 10% membership interest in TSHII and an exclusive option, exercisable at its sole discretion, to acquire the remaining 90% of the membership interests for US$17.25 million in cash before the end of 2023.

proactiveinvestors.co.uk

TomCo optimistic of securing funding for Greenfield development

TomCo Energy said it remains optimistic it can find suitable funding to expand the Greenfield development, with cash and cash equivalents at the end of the reporting period at £132,000. In an interim results statement for the six months to 31 March, TomCo said its primary focus remains on its wholly-owned subsidiary, Greenfield Energy.

proactiveinvestors.co.uk

TomCo Energy brings in £500,000 of new investment

TomCo Energy PLC (AIM:TOM, OTC:TMCGF), a US-focused oil development group, said its equity fundraising efforts have generated £500,000 ($676,575). The company brought in new cash via a £400,000 placement and a £100,000 subscription for new shares, valued at 0.08p each.

proactiveinvestors.co.uk

TomCo Energy retains TSHII option on new terms

TomCo Energy PLC (AIM:TOM, OTC:TMCGF) has agreed to the latest amendment to its option deal to acquire the remainder of the Tar Sands Holdings II LLC (TSHII) property, in Utah. The new terms will allow the seller to market the asset to third parties from 1 July 2023, TomCo meanwhile retains its option to acquire the 90% of the asset it doesn't already own through until 31 December 2023 by paying US$17.25 million.

proactiveinvestors.co.uk

TomCo's shares restored on AIM

TomCo Energy, the US oil development group, said shares were restored to trading on AIM today following the release of its full-year results for the year to 30 September 2022. The company said it is continuing to work on securing funding to develop its Greenfield project.

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