Oneiro Energy plc (LSE:ONE) entered into heads of terms to acquire Several Exploration Licences and Licence Applications from Switch Metals on June 21, 2024. As part of consideration, Oneiro Energy will issue new ordinary shares of 0.85 pence each and issue of a number of Ordinary Shares deferred and dependent on achieving certain performance targets. Nick Harriss, Alex Brearley and Lauren Wright of Allenby Capital Limited acted as financial advisor to Oneiro Energy.