The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Carclo PLC, up 12% at 21.41 pence, 12-month range 17.55p-48.83p. Agrees revised and extended funding with main secured creditors. Signs term loan of £34.5 million and revolving credit facility of £3.5 million. Also, reaches agreement with pension scheme trustees for the actuarial deficit and the resultant deficit repair contributions. Executive Chair Nick Sanders says: ‘The completion of this refinancing is another positive milestone in the development of Carclo and allows the group to focus on the execution of our growth strategy, aimed at capturing the significant long-term opportunities available to the group.’
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SMALL-CAP - LOSERS
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Bluebird Merchant Ventures Ltd, down 13% at 2.01p, 12-month range 0.014p-2.40p. Opens talks with potential partners to develop the Batangas gold project in the Philippines. ‘The company believes that there is huge opportunity to develop low-cost low capex high grade mining operations due to the existing development work and understanding of the geology in what is a supportive and strong infrastructural environment,’ it says.
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