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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1Spatial PLC - Cambridge, England-based IT service management company - Secures an initial contract with the New York State Office of Internal Technical Services. Contract is for the use of 1Spatial’s 1 Integrate software and services to automate the updating of data. Chief Executive Claire Milverton says: ‘Whilst this initial contract is modest in size, there are multiple additional areas in which 1Spatial could support the state in the future, including the use of several of its already defined repeatable solutions which are currently in use with other states.’ Financial details of the contract were not disclosed.
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Aptamer Group PLC - York, England-based provider of custom services, diagnostics and therapeutics for biotechnology and pharmaceutical firms - Extends collaboration with PintoBio, a South Korea-based biotechnology company, to develop four new Optimer-drug conjugates for use as chemotheraputics. Aptamer will develop Optimer vehicles to the targets and provide these to PinotBio for use with their payload and linker technologies. PinotBio will then generate the full Optimer-drug conjugates and perform initial animal studies. Each party will cover its own development costs. The partnership started in June and targeted haematological cancers. The first phase of the collaboration project has been completed, the company adds.
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Eight Capital Partners PLC - London-based investment company focused on technology, media, telecoms and financial services businesses - Following the sale of €5 million of vendor loans by IWEP Ltd, a company controlled by the company’s chair, Dominic White, company agrees to satisfy the loan through the issue of €5 million 7% fixed rate bonds. The bonds will mature on July 26. No change to the company’s outstanding debt as a result.
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BWA Group PLC - London-based minerals exploration investment company - Receives applications for a further £35,000 of loan notes. Total applications received for the 14% convertible unsecured loan notes announced on May 20 now amount to £200,000. The maximum permitted issue of the loan notes is £350,000.
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Augmentum Fintech PLC - London-based investment company focused on the financial technology sector - Appoints Peel Hunt LLP and Singer Capital Markets Securities Ltd to manage its irrevocable programme. The irrevocable buyback programme will commence on Monday and run until June 30. Any shares purchased in the irrevocable buyback will count towards the company’s general buyback of 15% of the company’s share capital.
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Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on South America and Africa - Says the Valaris MS-1 rig has arrived at the Sasanof-1 exploration well on the Australian north west shelf. The rig completes the 190 nautical miles mobilisation. Primary anchors are now being run and will be followed by the deployment of secondary and tertiary anchors. Once complete, spudding of the well will start. Company is targeting multi-trillion cubic feet of gas.
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Rockfire Resources PLC - London-based gold and base metal exploration company focused on Australia and Greece - Announces its maiden resource estimate as its 100% owned Malaoi zinc deposit in Greece. Says the estimate has surpassed all expectations and demonstrates the quality and potential of the project. Delivers an inferred mineral resource of 2.3 million tonnes at 11% zinc equivalent for 250,000 tonnes of zinc equivalent. This resources uses a 4% low-grade cut with individual elemental grades of 9.4% zinc, 1.7% lead, and 47 grams per tonne silver. Molaoi currently contains 210,000 tonnes of zinc, 39,000 tonnes of lead, and 3.5 million ounces of silver. Rockfire plans to undertake resource delineation and extensional drilling over the next 12 months.
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Silverwood Brands PLC - London-based investing company targeting food, organic food, wellness, lifestyle and leisure sectors- Signs a conditional share purchase agreement to acquire Balmonds Skincare Ltd, a UK-based skincare company that focuses on eczema, psoriasis and dermatitis. Silverwood agrees to acquire 6.8 million share at 85 pence each from Director Andrew Gerrie and Chief Executive Alison Hawksley, representing 85% of Balmonds’ share capital. Silverwood is entitled to acquire the remaining 15% from the other shareholders in Balmonds, also at a price of 85p per share. The total consideration amounts to around £8.0 million.
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AdvancedAdvT Ltd - London-based acquisition vehicle - Says that the offer price from Next Fifteen Communications Group PLC for M&C Saatchi PLC ‘does not reflect the value of foregoing control and the significant synergies available to Next Fifteen’. AdvancedAdvT continues to consider its options. The company, along with Vin Murria, own 22% of M&C Saatchi. On Friday, Next Fifteen’s offer was 251.8 pence per M&C Saatchi share.
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Tlou Energy Ltd - Brisbane, Australia-based power company focused on sub-Saharan Africa - Commences construction activities for the transmission line to connect the Lesedi Power project to the Botswana power grid. Says Zismo Engineering Pty Ltd completes its preliminary work and adds the bush clearing of the route is underway. Zismo also commences the procurement of equipment. Work on the transmission line is scheduled to complete in mid-2023.
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Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Expands drilling to district targets at Ramula and adjacent anomalies at its West Kenya project. Notes visible gold in three intersections across five holes drilled. This takes the total number of holes with assays returned to 107 for the current drilling campaign. Chief Executive Eric Zurrin says: ‘The latest phase of drilling at West Kenya has continued to deliver outstanding results, ensuring that this remains the most consistently high-grade drilling programme we’ve ever conducted at any asset in Shanta’s history.’
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Ondo InsurTech PLC - West Midlands-based company that detects micro-leaks of water - Signs agreement to provide LeakBot to homeowners insurance customers in the state of New York. This is now the third state in which LeakBot is operational. LeakBot is an internet of things solution which protects homes from the impact of water damage, Ondo InsurTech explains.
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Oriole Resources PLC - London-based gold exploration company focused in Cameroon and Senegal - Completes the sampling of the remaining four ’Priority 1’ grids at its 90%-owned central licence package in central Cameroon. Samples for grid two and four have been dispatched for analysis. Company expects results by the end of the second quarter or early in the third quarter of 2022.
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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Notes the announcement by its wholly-owned subsidiary, Tees Valley Lithium Ltd, which says the specifications of the ultra-pure battery-grade lithium hydroxide it will produce are higher than ‘prevailing industry standards’. Adds this has been independently verified by an ‘internationally recognised’ cathode active material manufacturer. Chief Executive of Tees Valley Lithium John Walker says: ‘These outstanding testwork results and third-party validation by a cathode active material manufacturer is yet another positive milestone for Tees Valley Lithium... These excellent results also pave the way for advancing our discussions with suppliers of feedstock as well as off-takers of lithium hydroxide.’
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Bluefield Solar Income Fund Ltd - Guernsey, UK-based investment company focused on low-carbon assets in the UK - Acquires two standalone 40 megawatt battery storage projects from Green Hedge Energy UK Ltd for £4.5 million. The acquisitions represents the development rights, grid connection costs and the leasehold of land for the two projects. Construction of the project is expected to commence in 2022.
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Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Wins approval for the equity exchange agreement from Daybreak Oil & Gas Inc shareholders. As a result, Reabold California LLC, a Reabold subsidiary, will become a wholly-owned subsidiary of Daybreak. Consequently, Reabold will indirectly hold a 42% interest in Daybreak. Co-Chief Executive Sachin Oza says: ‘With material production, favourable commodity pricing dynamics and multiple organic growth opportunities available to it, Daybreak, combined with the Reabold California portfolio, is now ideally positioned to capitalise on opportunities in its core focus area of California.’
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