Proactive news headlines: Gfinity, Norman Broadbent, Jersey Oil and Gas, Savannah Resources …

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Gfinity PLC (LON:GFIN) shares were lifted on Thursday as the esports specialist said it has been appointed as the tournament operator for a third consecutive season of the ePremier League (ePL), a tournament that allows video game players to win the ePL title for their favourite club in an online competition using the FIFA 21 video game. The AIM-listed firm said it has been appointed by the Premier League to develop and execute online qualification for the tournament through its management platform. It will also develop and run online club play-offs in the weeks leading up to the finals, which will take place in Spring 2021.


Norman Broadbent PLC (LON:NBB), the executive search specialist, has strengthened its balance sheet with a GBP250,000 six-year loan facility. The facility has been secured under the British Business Bank’s Coronavirus Business Interruption Loans Scheme (CBILS) from its bankers, Metro Bank. The facility can be drawn down at any point before January 16, 2021, with a 12-month interest-free period following drawdown, after which an interest rate of 4.75% per annum over Metro Bank‘s base rate on the drawn down amount will apply.


Jersey Oil and Gas PLC (LON:JOG) is taking full ownership of Licence P2170, which hosts most of the Verbier discovery and is one part of the Greater Buchan Area (GBA) development project. The company said the deal simplifies licence ownership ahead of the planned GBA farm-out process. It sees Jersey acquire partner CIECO V&C (UK), a joint venture between Japanese firms ITOCHU Corporation and JOGMEC (Japan Oil, Gas and Metals National Corporation). The 12% stake in Licence P2170 is CIECO’s sole asset.


Savannah Resources PLC (LON:SAV) announced that another step has been taken in the environmental impact assessment (EIA) process for its Mina do Barroso lithium project. The company has submitted additional and revised information in response to the anticipated request it received from Agencia Portuguesa do Ambiente (APA), the Portuguese regulatory body. This additional submission further underlines Savannah’s commitment to developing and operating Mina do Barroso in a low impact, responsible and sustainable way that will bring long term social, environmental, economic and demographic benefits to all of the project’s stakeholders and to Portugal, Savannah said.


Arkle Resources PLC (LON:ARK) said it has discovered a new gold-bearing vein during recent trenching programme on the Tombreen target at the Mine River project in Ireland. “We are delighted with the discovery of a new gold-bearing vein in an area near our Tombreen target which has had little historic exploration,” said chairman John Teeling in a statement. The recent trenching programme at Mine River was conducted following a large scale soil sampling programme which identified multiple areas for potential gold discoveries. The first trench revealed visible gold noted within a vein in bedrock. Analysis of the vein revealed high-grade gold at 5.5 grams per tonne.


Genel Energy PLC (LON:GENL) has declared ‘first oil’ at the Sarta field, where the company has a 30% stake alongside Chevron. Production has begun at Sarta with first oil flowing from the Sarta-3 well into the Early Production Facility, Genel said. The Sarta-2 well is on track to be completed in December and will come onstream from January. Genel said it continues to expect that the Sarta field will achieve stable production levels during the first quarter of 2021.


US Oil & Gas PLC (USOP) told investors that groundworks are now complete for the Eblana-9 well at the Hot Creek Valley project in Nevada. An access road is complete and the well pad has been constructed, the group said, a rig has been mobilised to site and the well will spud soon. The company noted additionally that a ‘permit to drill’ now been awarded by the Nevada Division of Minerals and a rig contract has been signed.


IQ-AI Ltd (LON:IQAI) said it’s subsidiary Imaging Biometrics (IB) has released an upgraded version of its IB Clinic software platform. The company said that the new release incorporates multiple new enhancement requests for the platform received from clients, as well as workflow efficiencies engineered by IB’s developers. “Ultimately, this release underscores IB’s commitment to quality and helping clinicians improve care for their patients”, IQ-AI said.


W Resources PLC (LON:WRES) has highlighted a consolidation of recoveries from its La Parrilla tungsten and tin project in Spain in its fourth quarter to date as a result of ongoing plant improvements at the site. In an update on its fourth-quarter progress, the AIM-listed mining firm said it has achieved record recovery rates in November of 40% tungsten trioxide (WO3) and 53% tin (Sn), while mine grades were “consistently exceeding” 1,050 parts per million (ppm) WO3 and 350ppm Sn, which it said is “significantly greater” than the preceding three quarters.


Vast Resources PLC (LON:VAST) said it has completed the first delivery of concentrate produced from its Baita Plai polymetallic mine in Romania. The delivery follows an announcement on Monday when the company announced the acquisition of the remaining 20% interest in the mine following the passing of a resolution at a general meeting.


Metal Tiger PLC (LON:MTR) shares climbed on Thursday on the back of updates from two of its ASX-listed investee companies, Cobre Limited and Southern Gold. Cobre, in which Metal Tiger owns a circa 18.8% interest, released a statement where chairman Martin Holland told investors the deal to acquire a larger portion of unlisted Kalahari Metals Ltd (KML) was expected to go to a shareholder vote early next year, which would give it a 51% stake in a company that owns roughly 8,100 square kilometres of tenements in a highly prospective area for copper. Over at Southern Gold, which is focused on South Korea, an operations update revealed that it had begun: drilling at a virgin area of its Dokcheon project, a drone magnetic survey at its Aphae project, and soil sampling at five other projects.


Union Jack Oil PLC (LON:UJO) told investors that the final commissioning of the Wressle oil field, in near Scunthorpe, Lincolnshire, has been deferred to January. It comes amidst anticipated supply chain disruption including ongoing coronavirus pandemic related restrictions and the upcoming festive holidays. In a statement, Union Jack said Wressle is at an advanced stage with site reconfiguration works completed and the installation of surface facilities currently ongoing.


MBH Corporation Plc (FRA:M8H) has notched up its 11th acquisition of 2020 in a deal that further strengthens its presence in the education sector. Academy One Group, a sports education training organisation founded in Essex seven years ago, has been snapped up by the Frankfurt-listed mini-conglomerate for GBP2-3mln in MBH bonds, depending on the audit of results for the 2020 calendar year


AEX Gold Inc. (LON:AEXG) (CVE:AEX), an independent gold company with a portfolio of gold licences in Greenland, said it has appointed Rothschild & Co as its retained financial advisor to support the company as it progresses the development of its asset portfolio. Eldur Olafsson, CEO of AEX, commented: “We are delighted to be have secured the services of Rothschild & Co as strategic advisors to the Company. This important relationship, with an advisory house of Rothschild’s calibre and outstanding track record, provides further validation of our business and our potential to create significant value for AEX’s stakeholders.”


Remote Monitored Systems PLC (LON:RMS) said commercial production of anti-viral masks at its Pharm 2 Farm (P2F) subsidiary is expected to start in January 2021. The company received notification yesterday that the production machinery is expected to undergo final acceptance testing in mid-December at the manufacturer’s premises in Spain. It will then be shipped, installed and commissioned at P2F’s Biocity premises in Nottingham.


APQ Global Limited (LON:APQ), an investment company based in Guernsey, said it has disposed of all of its holding in City of London Investment Group PLV (LON:CLIG). APQ held 1,680,495 ordinary shares in CLIG and the sales took place between November 18 and 24. The net proceeds from the sales of the CLIG shares were approximately GBP7.2mln (c.$9.6mln). The company said it intends to partially redeploy the proceeds in the near future and to bolster its cash position.


Destiny Pharma PLC (LON:DEST) a clinical-stage biotechnology company focused on the development of novel products to prevent life-threatening infections, announced that at a general meeting of the company held on Thursday, all resolutions proposed were duly passed by shareholders on a poll. Accordingly, the company has raised total gross proceeds of approximately GBP10.4mln from its fundraising and has allotted a total of 15,951,726 new ordinary shares.


Impax Asset Management Group PLC (LON:IEM) said it expects to announce its results for the year ended September 30, 2020, on Thursday, December 3, 2020. There will be a meeting and conference call for analysts on the day of the results at 8.30am. A copy of the presentation will be made available on the company’s website from 7.30am on December 3, 2020.


Tharisa PLC (LON:THS) said it will be announcing its results for the year ended September 30, 2020 on Monday, November 30, 2020. The results will be presented at 10.30am (Johannesburg Time) (8.30am London Time) via conference call. Web dial-in: https://mm.closir.com/slides?id=553426; Phone: South Africa +27 87 2500 455; United Kingdom +44 203 984 9844; USA +1 718 866 4614; Germany +49 30 25 555 323; France +33 1758 50 878; Sweden +46 10 551 30 20; Participant code: 553426.


Mosman Oil and Gas Limited (LON:MSMN) the oil exploration, development, and production company, has confirmed that its annual general meeting will be held at 10.30am (AEDT) on December 22, 2020, at Suite 305, Level 3, 35 Lime Street, Sydney NSW 2000 Australia. The Notice of Meeting details the seven Resolutions, including the Issue of Shares and Warrants to Directors in lieu of Directors’ Fees, to conserve cash within the business, as previously announced. Mosman’s priority is the health and wellbeing of its team and shareholders and as a result of the current measures, shareholders will not be able to attend the AGM but are strongly encouraged to submit their votes by proxy as soon as possible. The Explanatory Memorandum and Proxy Forms are available on the Company’s website: www.mosmanoilandgas.com


MetalNRG PLC (LON:MRG) said that, as previously announced, a general meeting (GM) of shareholders was due to take place, as an online meeting at 10.00am on Friday November 27, 2020, however, as the company is still progressing matters relating to the transactions which are the subject of the meeting, the board accordingly intends to adjourn the GM. Details of the reconvened GM will be provided as soon as possible, the group added, and proxy votes received will be valid for the reconvened GM unless revoked.


IronRidge Resources Limited (LON:IRR) confirmed that all resolutions put to shareholders were duly passed by a show of hands at the company’s Annual General Meeting, held on November 26, 2020, in Brisbane, Australia.


Pan African Resources plc (LON:PAF) N(JSE:PAN) said that at its annual general meeting of shareholders held on Thursday, 26 November 2020, all the ordinary and special resolutions, save for ordinary resolution number 11 – to authorise the directors to allot equity securities – were approved by the requisite majority of shareholders present or represented by proxy.


NextEnergy Solar Fund Limited (LON:NESF) said the reference price of a new ordinary share under the scrip dividend alternative for the interim dividend for the quarter ended 30 September 2020 has been set at 105.966p. This is the average of the middle market prices of the company’s shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days. The final date for receiving elections on the scrip is December 4, 2020.


Emmerson PLC (LON:EML), the Moroccan focused potash development company, has announced the launch of new corporate branding and an updated website. The website now features Emmerson’s new corporate logo, which was part of a rebranding exercise to align its primary focus, on developing the Khemisset Potash Project located in Northern Morocco, with its visual identity. The symbol used in the logo and branding is a geometrical design inspired by an octagonal star represented as two overlapping squares, merged with a flower blooming. To view the updated website with the new branding please use the following link: www.emmersonplc.com


accesso Technology Group PLC’s (LON:ACSO) coronavirus (COVID-19) problems present an opportunity for investors prepared to look to more normal trading conditions, according to analysts at Shore Capital. The broker has concluded that accesso shares are worth accumulating for a long-term play, nd has initiated coverage on the stock with a fair value target of 610p and a buy rating.


Greencoat UK Wind PLC (LON:UKW) has shown this year it is highly resilient, says research house Kepler. The trust is also achieving its ambition to become a utility-scale investor, which is now giving it the size and clout acquire large institutional size assets, said the research house in a note. UKW is the UK’s largest listed renewable energy infrastructure fund, with gross assets of GBP3.3bn once the latest acquisition completes.


Proactive Research has initiated coverage on Litigation Capital Management PLC (LON:LCM), an alternative asset manager specialising in disputes financing, with its main operations in Australia and the UK. In the note, analyst Ed Stacey says: “In FY June 2020 the company launched a third-party investment fund allowing institutions to gain direct exposure to litigation financing as an asset class. This provides LCM with an additional source of capital and a new income stream in terms of performance fees. We argue that the value of the asset management business is not reflected in the current share price”.

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