() has expanded its footprint, acquiring acreage offshore Uruguay. The company said it has been awarded the OFF-1 licence which has been estimated internally to host 1bn barrels of oil equivalent resource potential. Specifically, the company noted the presence of multiple exploration plays in relatively shallow waters across the new licence, which spans some 15,000 square kilometres.
() has laid out key development milestones for its Kyzyltash gold deposit in the Kyrgyz Republic. This was the first deposit explored by Chaarat and is the second development phase of the Tulkubash/Kyzyltash gold complex. Kyzyltash is part of the same license area and geological occurrence as Chaarat’s current construction project, Tulkubash. The license area contains two gold mineralization zones within the project area divided into two types, the Tulkubash mineralization, which is oxidized material, and the Kyzyltash mineralization which is sulphide-rich, unoxidized refractory material. The deposit has an estimated 5.4mln ounces in JORC compliant resources with an average grade of 3.8 grams per tonne.
() said it has raised £500,000 via a stock placing at 0.12p a share, a modest discount to Monday’s closing price. Backing the fundraiser was Paniolo Ventures Inc, a Canadian investment fund, which bought £250,000 of stock and now has 5.55% of Blue Star’s enlarged equity base. Existing investor Nicholas Slater has increased his shareholding to 13.41% from 10.72% after buying shares worth £175,000.
PLC () has revealed that it generated revenues of £42mln during the five months to the end of May 2020. This represents 84% of revenues recorded for the same period in 2019 on a like-for-like basis, adjusting for subsequent acquisitions. Comparing pro-forma monthly performance to the prior year, group revenues tracked at 60% in April and recovered to 98% in May. Each platform within the group, and the group itself, has been EBITDA positive for each month of this year-to-date, the group said in a trading update.
() is seeing activity levels in its motor finance and property bridging businesses starting to return towards normal levels as the coronavirus (COVID-19) pandemic lockdown eases. In a statement released ahead of the company’s virtual annual general meeting, the company’s chairman, Anthony Coombs pledged that the company’s conservative style of management, its strong treasury position and its relationship with its customers “will now pay dividends, both literally and figuratively”. In a later statement, S&U announced that at the AGM all resolutions put to the meeting were passed.
(ETR:M8H) has completed its 11th acquisition, funded by a newly launched medium-term bond. MBH, which is based in Singapore and listed in Germany, has expanded its UK portfolio and its education vertical with a deal to buy 100% of Logistica Training for £5.8mln. The consideration for the acquisition will mostly be made using a portion of the €50mln bond listing, which was launched on Monday on the Irish Stock Exchange. and means the deal is expected to be accretive to earnings per share.
The world’s first centrally cleared bitcoin exchange-traded product (ETP) will begin trading this month in a partnership between ETC Group and . The Bitcoin Exchange Traded Crypto (BTCE), which will be traded on ’s XETRA platform, tracks the price of bitcoin and is 100% physically backed.
PLC () has delivered an update on the development of a coronavirus (COVID-19) test by its investee company, Paraytec Limited, in partnership with the University of Sheffield. The AIM-listed firm said the required affinity macromolecule, an aptamer that binds to the SPIKE glycoprotein on the surface of the virus, has now been successfully synthesised and supplied to Paraytec. The aptamer is designed to trap the virus on the testing service so it can be coated with a fluorescent module that allows detection.
() said it has been notified that Mark Learmonth, a director of the company has sold 10,000 depositary interests in common shares of the company at a price of 12.025p each. It noted that Learmonth now holds 139,775 depositary interests which represent a holding of approximately 1.2% of the share capital of the company.
(), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has said it will be posting its first-quarter 2020 trading update on June 11, 2020, through which the group will update the market on its key financial and operational highlights for the first three months ending March 31, 2020.
() has announced that at a general meeting held on Tuesday all resolutions as set out in the Circular and Notice of General Meeting, dated May 22, were duly passed by shareholders. Gareth Jones, Tissue Regenix’s interim CEO said: “We are pleased to have received shareholder approval for this fundraise. This investment will allow us to implement our capacity expansion programme and support the development of the Group as we look to scale our operations to address additional market opportunities.”
accesso Technology Group PLC (), the premier technology solutions provider to leisure, entertainment and cultural markets, said that at a general meeting held on Tuesday shareholders duly passed the resolution approving the company’s planned placing and subscription to raise gross proceeds of £32.9mln aggregate and an open offer to raise up to approximately £6.2mln, announced on May 22, 2020. The company also confirmed that the open offer has been fully taken up and qualifying shareholders who have validly applied for shares will receive their entitlement, while applications for excess shares will be scaled back.
(), a minerals exploration and development company, has said it will be hosting a webinar presentation and Q&A session which will go live on Tuesday, June 23 at 3.00pm GMT. The presentation will be made by Bill Brodie Good, Alien Metals’ technical director, who will update shareholders and interested parties on the company’s current exploration programs. Any questions investors have to be submitted via [email protected] by Monday, June 15, 2020, so they can be incorporated into the Q&A session. Those looking to take part will be able to access the webinar shortly before 3pm on Tuesday, June 23 via the following link: https://www.bigmarker.com/share-talk/Alien-Metals-PLC-Investor-Presentation-and-Q-A-Session
Limited () has announced that with effect from today, its registered office address has changed to PO Box 142, The Beehive, Rohais, St Peter Port, Guernsey, GY1 3HT.