Source - Alliance News

The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Savannah Energy PLC - Africa-focused energy company - Terminates a share purchase agreement it entered with Petronas Overseas Ventures SDN BHD to acquire its upstream and midstream asset portfolio in Chad and Cameroon.

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Power Metal Resources PLC - London-based exploration company with global operations - Says that a diamond drill rig has mobilised to site and drilling has started at its Berringa gold mine in Australia. Plans 1,000 metres of diamond drilling with an estimated 5 drill holes into 3 priority targets to test for the extensions of gold mineralisation. The exploration programme is being carried out by joint venture subsidiary New Ballarat Gold Corporation PLC. ‘This is a notable moment for our joint venture focused on the Victoria Goldfields of Australia with diamond drilling to test three priority targets at the historic Berringa Gold Mine. At Berringa there has been 293,250 ounces of historical high grade gold production and we believe there may be a considerable remaining gold endowment which this drill programme is designed to partly investigate,’ Chief Executive Paul Johnson comments.

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Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Notes that drilling has started at Berringa in the Victoria Goldfields. The JV is held between Red Rock, which holds 50.1% and its partner, London-listed Power Metal Resources PLC, which holds 49.9%.

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Plaza Centers NV - property investor in India - and AFI Europe NV sign addendum to pre-sale agreement for the sale of its subsidiary. Says that its subsidiary holds a 75% stake in the Casa Radio project.

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Harland & Wolff Group Holdings PLC - London-based offshore construction company - Agrees to vacate the hearing dates of January 16 to 20. ‘Whilst it is disappointing that this has been delayed, we now have access to the majority of the submissions made and we remain confident that we will see a successful outcome to this review when it is undertaken in May. As the UK continues to struggle to maintain adequate gas supplies in the UK there has never been a better time for this project to be developed,’ CEO John Wood comments.

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Churchill China PLC - Stoke-On-Trent, England-based ceramic products maker - Says David Taylor will step down as finance director and company secretary, after serving at the company for more than 30 years. Expects to announce the appointment of a new chief financial officer in the near future.

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Block Energy PLC - London-based oil and gas company focused in Georgia - Starts its drilling operations on well WR-B01 ST, targeting a fracture system identified by a high density of seismic attribute lineations. Says that the well will be drilled roughly 500 metres to the west and up-dip of well JKT-01Z. ‘The spudding of this well represents another solid step forward for block and further progress on the company’s core Project 1 strategy to deliver meaningful near-term revenues and cashflows, and further value for shareholders. It comes on the back of a farmout of two portions of the company’s XIB licence, which adds material exploration upside to Block at no immediate cost,’ CEO Paul Haywood says.

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Conviction Life Sciences Co Ltd - closed-ended investment company - Extends the offer period for the initial placing, offer for subscription, direct subscriptions and intermediaries offer to January 31, 2023. ‘We have received positive feedback from a large number of investors to date, including retail investors via the Intermediaries Offer. However, the fast approaching Christmas break and specific feedback from several potentially significant investors, has persuaded the board that an extension is appropriate,’ Chair Geoff Miller says.

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Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company with assets in Australia - Receives ‘positive’ first assay results from the maiden drilling program at its Red Setter gold-copper project. Confirms a hydrothermal gold and copper system in Western Australia. Finds up to 6.4 grams of gold and copper of around 2.3%. ‘We are extremely happy to have hit a mineralised system at Red Setter, with some initial wide spaced drill holes intersecting gold and copper mineralisation, over a current strike length of 2km. This remains open in all directions and indicates significant potential for size and scale. Every hole drilled so far has returned mineralised core indicating a broad hydrothermal system that has similarities to the 15moz Telfer gold system 13km to the north east,’ Chair Richard Poulden comments.

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Tremor International Ltd - London-listed digital advertising firm focused on video, data & connected TV - Chief Executive Officer Ofer Druker buys 128,870 ordinary shares for $505,789 in total on December 5,6,7,8,9 and 12. The shares represent 2.5% of the company’s share capital.

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