(Alliance News) - The following is a round-up of updates by global companies, issued on Wednesday and not separately reported by Alliance News:
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Jangada Mines PLC - London-based natural resources company - Sells 2 million of its shares in ValOre Metals at CAD0.30 per share for a total of CAD600,000 - around GBP339,260 - taking its stake in ValOre to 12%. Will use the new cash for ongoing exploration and working capital purposes at its wholly-owned Pitombeiras Vanadium Project in Brazil. Separately, says ValOre has established new drill targets at Pedra Branca following "impressive" assay results.
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Reabold Resources PLC- London-based oil and gas project investor - Says it has now been confirmed as the registered holder of GBP1 billion of convertible loan notes and therefore, its increased investment in Corallian Energy is now complete. Corallian will use the investment to support work related to the submission of a draft field development plan for the Victory gas field, located north-west of the Shetland Islands.
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Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Notes its joint venture partner at the Yangibana Rare Earth Project in Western Australia receives commitments to raise USD100.7 million through an equity placement, adding the new cash will go towards advancing development of the Yangibana project.
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Drumz PLC - Beaconsfield, England-based software sector investor - Notes 20% investee Acuity Risk Management Ltd launches upgrade to STREAM Integrated Risk Manager software product which is used by private and public sector clients to manage their cyber security and other enterprise risks. Adds sales and marketing activities have been strengthened over the year, with the number of leads in the sales pipeline increasing "significantly".
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Power Metal Resources PLC - metal exploration and development company - Banks GBP18,992 through the exercise of warrants over 2.2 million shares.
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Anglo Pacific Group PLC -London-based natural resources royalty and streaming - Raises USD61 million - around GBP43 million - through the placing of 33.7 million shares at 128 pence each. Directors participated in the placing through the subscription for 292,223 shares, raising USD528,000. In addition, retail investors subscribed for 2.7 million shares through the PrimaryBid platform, raising USD5 million. New cash will finance purchase of a 70% net interest in a stream on cobalt production from the Voisey's Bay mine in Canada from private equity sellers for USD205 million in cash, plus USD27 million in contingent consideration. Voisey's Bay is a nickel-cobalt-copper mine in Labrador operated by Vale Canada Ltd, part of Brazil's Vale SA.
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Gooch & Housego PLC - Somerset-based optical components and systems maker - Notes shareholder votes against resolutions at annual general meeting regarding one-time LTIP award designed to ensure retention and incentivisation of its senior management team. Says it remains committed to continuing an open and transparent dialogue with its shareholders and will continue to consult and engage with shareholders in order to better understand their reasons for voting against the resolutions
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By Ife Taiwo; ifetaiwo@alliancenews.com
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