(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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GSTechnologies Ltd - Milton Keynes, England-based wireless, electronic cabling and security solutions for infrastructure development customers - Announces collaboration with Singaporean blockchain payment solution provider Wise MPay Pte Ltd. Makes collaboration with a view to Wise MPay providing the company with software and services to facilitate the its plans to develop new higher-growth synergistic business areas focussed on blockchain technology. Plans to launch a borderless neobanking platform providing next-generation digital money solutions. The company's neobanking platform will be named GS Money.
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Real Good Food PLC - Liverpool-based food producer - Says Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have each agreed to contribute GBP180,000 towards the costs incurred by the group in relation to the disposal of Brighter Foods Ltd, announced in April. The total contribution of GBP540,000 will be done via a waiver of outstanding loan notes held by the various shareholders.
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San Leon Energy PLC - oil and gas exploration and production in Nigeria - Says subsidiary Decklar Petroleum Ltd makes "considerable progress" at Oza-1 well re-entry at the Oza oil field in Nigeria. "The major components of the drilling rig equipment are being transported to the field this week and it is anticipated the rig will be completely moved, installed and rigged-up within two weeks. Decklar will then commence the Oza-1 well re-entry operational activities including the initial work of pulling out the existing tubing, running a cement bond log and cased hole reservoir logs," says company.
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Panthera Resources PLC - gold exploration and development company focused on west Africa and India - Says the reverse circulation drill rig has arrived on site at the Labola project in Burkina Faso and the planned 5,000 metre drilling programme has started.
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Kape Technologies PLC - Isle of Man-headquartered digital security software provider - Announces new debt facility. Enters into an agreement with its existing bank syndicate of Bank of Ireland, Barclays Bank PLC and Citi Commercial Bank, as well as three new banks being Citizens Bank, BNP Paribas and Leumi Bank for the facility. Banks to provide new senior secured bank facilities of up to USD220 million. New facility has a three-year term with an option to extend by up to an additional two years. "We continue to remain acutely focused on growing our market reach and creating value for all our stakeholders," says Chief Financial Officer Moran Laufer.
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VH Global Sustainable Energy Opportunities PLC - sustainable energy investment company - Commits USD63 million to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. "As promised to investors, this funding commitment marks the beginning of a very exciting journey for the company in Brazil, where we can support real and lasting improvements in the country's energy infrastructure," says company.
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Agronomics Ltd - Isle of Man-based alternative proteins company - Annoucnes that portfolio company CellX Limited has completed its seed financing round. Agronomics invested USD50,000 in CellX in December last year.
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FastForward Innovations Ltd - investor in life sciences and technology businesses particularly within the medical cannabis field - Says investee Little Green Pharma Ltd announced an additional AUD2.5 million, about GBP1.4 million, purchase order for LGP's high THC cannabis flower medicine from German pharmaceutical wholesaler Deutsche Medizinalcannabis GmbH.
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HeiQ PLC - Zurich-based textiles technology firm - Announces sustainable textile finishing partnership with Alchemie Technology, a firm specialised in smart dyeing technology. Says it will enable HeiQ customers to add its high performance technologies to textiles at significantly lower cost and in a much more environmentally friendly way. Says it will roll out its digital multifunction finishing solution, NOVARA, to the global textile market in the third quarter of this year.
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Savannah Energy PLC - Niger and Nigeria-focused energy firm - Swings to pretax profit in 2020 of USD10.9 million from USD105.4 million loss in 2019. Reports revenue of USD169.0 million, soaring form USD17.8 million. "2020 represented our first full year of ownership since the completion of the acquisition of our Nigerian assets and our financial results show just how transformational the acquisition has been for Savannah. Against a challenging backdrop, we recorded a robust financial and operating performance. We beat all of our original financial guidance metrics," says CEO Andrew Knott.
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Altus Strategies PLC - Africa-focused mining royalty company - Expands activities into Egypt as it gets four gold exploration licences. Nets three new copper and silver exploration projects in Morocco. Reports completion of strategic review of Bikoula iron project.
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By Greg Roxburgh; gregroxburgh@alliancenews.com
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