The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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IOG PLC - London-based gas and infrastructure operator with projects in the North Sea - Reports first gas from phase one of Saturn Banks project. ‘Yesterday the Blythe well was safely opened up and IOG gas has started to be delivered into Bacton and on into the UK market. The Elgood well is expected to follow in the next two days,’ Chief Executive Andrew Hockey says.
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Oriole Resources PLC - London-based gold exploration company focused in Cameroon and Senegal - Says ‘significant’ gold found at 90%-owned Central Licence Package in central Cameroon. Says grades of up to 838 parts per billion gold found. ‘These results are hugely significant as they are confirming proof of concept for the Central Licence Package. We are seeing multiple areas of gold mineralisation in a brand-new gold district where there has been no historical exploration,’ Chief Executive Tim Livesey says.
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Anglo Asian Mining PLC - gold, copper and silver producer focused in Azerbaijan - Updates on work in second half of 2021. During that period, it spots ‘Hasan’ a new sub-vertical gold vein at Gosha asset. Continues drilling at Zafar and Gilar.
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Gore Street Energy Storage Fund PLC - London-based fund investing in energy storage assets - Says Nidec ASI picked as engineering, procurement and construction contractor at energy storage assets Ferrymuir and Stony. The former is located in county Fife, Scotland and the latter in Milton Keynes, England. ‘The assets are scheduled to be energised in Q4 2022 and both to achieve commercial operations date in February 2023,’ Gore Street says.
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Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - Secures A$8.8 million in fundraising to develop its Tiris uranium project in Mauritania. Aura receives firm commitments via an oversubscribed share placement to institutional and professional investors at issue price of A$0.25 per share, representing a 20% discount to the company’s 5-day volume weighted average price
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HydrogenOne Capital Growth PLC - hydrogen investment fund managed by HydrogenOne Capital LLP - Says has deployed about 60% of proceeds raised at launch, amounting to roughly £62 million. Investment adviser has pipeline in excess of £500 million. ‘Despite the very uncertain geopolitical environment, HGEN’s plans remain unchanged and on track. As outlined in January, HGEN expects to be fully deployed in Q2 2022, and the Company continues to actively consider options for further fund raises during 2022,’ HydrogenOne says.
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Agronomics Ltd - Isle of Man, UK-based cellular agriculture company - Makes follow-on investment into plant cell culture portfolio company Galy Co. Subscribes for 364,710 Series A preferred stock. Will own a 4.1% stake following investment.
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Crossword Cybersecurity PLC - London-based cyber security and risk-focused technology commercialisation company - Acquires threat intelligence company Threat Status Ltd. Crossword pays up to £1.5 million, £500,210 upfront. Will pay £281,758 on first anniversary and £171,942 in Crossword shares. On second anniversary, will pay £125,000 in cash ans £450,000 in shares. ‘Threat Status’s platform enables businesses and managed service providers to monitor data that has been stolen and shared on the dark web and criminal forums which could harm the security of their business or that of their customers. Threat Status has developed its subscription-based, enterprise-class services to be turnkey, highly scalable, very secure and ready to go. The platform is quick for onboarding new clients, with no complex integrations needed, allowing rapid delivery of customer value,’ Crossword says.
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