Proactive news headlines: Argo Blockchain, Supermarket Income REIT, Power Metal Resources …


Argo Blockchain PLC (LON:ARB) has applied to have its shares cross-traded publicly on the US OTCQB Venture Market. If the application is successful, the shares will carry the ticket ARBKF. Argo said the move would make the cryptocurrency miner’s shares more widely available to North American investors and would have no impact on trading in the shares on London’s main market.

Alliance Pharma PLC (LON:APH) has acquired US-based consumer healthcare company Biogix Inc for a total of US$110mln cash. The AIM-listed company said the addition of Biogix and its fast-growing Amberen treatment for menopause symptoms would be immediately earnings enhancing in the 2021 calendar year and is expected to be “significantly earnings enhancing” from 2022.

Supermarket Income REIT PLC (LON:SUPR) has acquired a Waitrose supermarket in Market Harborough, Leicestershire for £9.1mln. The property has been bought from Alpha Real Estate at a price that represents a net initial yield of 4.3%. It is being acquired with an unexpired lease term of 19 years (with a break option at year 14), with five-yearly rent reviews subject to 2% fixed, annually compounded uplifts.

Power Metal Resources PLC (LON:POW) has announced the results of the revised man-portable drilling programme at Silver Peak conducted in November 2020, which saw further high-grade silver was confirmed in the Victoria vein. Rough weather conditions altered and curtailed the drilling programme and meant that the low number of samples collected would make it more difficult to establish any potential vein continuity as targeted. Even with the curtailed programme, the company said it had “successfully delineated very high-grade silver”.

Bahamas Petroleum Company PLC (LON:BPC) shares rose after a court rejected a request to halt drilling activities at the Perseverance #1 well. Environmental activists opposed to the drilling had challenged the issue by the Government of The Bahamas of an environmental authorisation to the London-listed company, and after this latest knock-back have made a renewed application for judicial review in respect of the environmental authorisation. The Court advised that there would be an oral hearing of the renewed application today (Tuesday, 29/12/20). The ruling of the court on Christmas Eve means that drilling of the Perseverance #1 well in The Bahamas, currently underway since December 20, has continued.

Greatland Gold PLC (LON:GGP) said the necessary regulatory approvals have been received for early works to commence at the Havieron Project. Greatland and its partner, Newcrest Mining, have received the go-ahead to commence key early works activities at the Havieron Project for a box cut and exploration decline. The approvals also permit the construction of supporting surface infrastructure, including evaporation ponds, an explosives magazine, maintenance workshops, fuel facilities, an administration building and a laydown area.

Genel Energy PLC (LON:GENL) has received payment from the Kurdistan Regional Government for oil sales during November 2020. The operator of the Taq Taq field in Kurdistan said the Taq Taq partners have received a gross payment of US$3.8mln, of which Genel will pocket US$2.1mln. At the Tawke field, the partners have received a gross payment of US$38.5mln; Genel’s net share of the payment is US$9.4mln.

Anglo Pacific Group PLC (LON:APF) is buying a stake of around 2.1% in Brazilian Nickel Limited. The mining royalties investment firm said it has paid US$2mln, or roughly £1.5mln, for the stake at an assumed value of 45p a share. The investment is part of a wider US$27.5mln funding led by private investment firm TechMet with funds TechMet has received as part of a significant equity investment from the US International Development Finance Corporation (DFC), as part of the anticipated acceleration of the development of Brazilian Nickel’s Piauí Project.

Remote Monitored Systems PLC (LON:RMS) said delays at the English-French border have slightly delayed delivery of a machine to its subsidiary, Pharm 2 Farm (P2F). The production machine was ready for loading as expected on Christmas Eve but the haulier company advised that it was unable to make the delivery due to the situation at the English-French border. The earliest the machine is now likely to be loaded is January 4, 2021.

SkinBioTherapeutics PLC (LON:SBTX) announced that at the company’s annual general meeting, held on Tuesday, all resolutions were duly passed.

Scotgold Resources Limited (LON:SGZ), the gold exploration and production company focused on Scotland, has announced that its Annual General Meeting (AGM) will be held virtually at 9.00am GMT on Friday. January 29, 2021. Due to coronavirus (COVID-19) and the UK government’s restrictions on travel, assembly and guidance on meetings, there will be no physical meeting. Shareholders, their proxies and corporate representatives therefore cannot attend in person, and shareholders are only able to vote on resolutions set out in the Notice of AGM by proxy. The company said it will hold a shareholder webinar during the AGM, in order for shareholders to listen to the business of the meeting and participate in a question and answers session.  Those shareholders wishing to attend the webinar should email [email protected] by close of business on Friday, January 22, 2021, and they will be provided with log in details. There will be the opportunity for participants to submit questions during the presentation and they can also be emailed to the above address ahead of the AGM.


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