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(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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YouGov PLC - London-based market research and data analytics company - Launches YouGov Global Profiles which it describes as the "world's largest globally consistent audience dataset". Chief Executive and Co-Founder Stephen Shakespeare says: "It will be central to their global strategies, campaigns and partnerships. With more than 1,000 consistent questions and thousands of datapoints across 43 markets, it's never been easier for them to build and compare accurate, precise portraits of their audiences across key markets."
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IGas Energy PLC - London-based oil and gas exploration and production company focused on the UK - Welcomes the UK government's support following its review of shale gas by the British Geological Survey. The UK government said that it was right that all possible energy generation and production methods, including shale gas, should be kept on the table following the invasion of Ukraine. Chief Executive Stephen Bowler says: "With government support to rapidly accelerate the development of this strategic national resource, the IGas Board believes it can make this vital, indigenous supply of energy available to British consumers and businesses in a short timeframe."
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Aberdeen Standard Asia Focus PLC - invests in smaller, listed companies in Asia and Australasia, excluding Japan - Changes its name to abrdn Asia Focus PLC following the name change of its manager's business to abrdn PLC.
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Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused in Guyana, Namibia and South Africa - Intends to raise USD25 million through a placing set to raise USD21 million and a subscription set to raise USD4 million. Company also announces a conditional offer for subscription via a PrimaryBid of shares at a price of 30 pence per retail offer shares. Says it will use the proceeds to fund its share of the drilling of the Gazania-1 well on Block 2B, offshore South Africa. This is estimated to be USD23 million.
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Alternative Liquidity Fund Ltd - Guernsey-based closed-ended investment company - Says, in light of the current market volatility connected to Ukraine, Waverton Investment Management Ltd has decided not to proceed with the launch of a new share class for the company. As a result, Alternative Liquidity decides to not change its name or adopt the proposed investment strategy for the new class of shares.
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Rambler Metals & Mining PLC - copper and gold producer, explorer and developer focused on Canada - Says the Ming Mine averaged production of 1,188 wet metric tonnes per day in March, nearly doubles its average production of 603 wet metric tonnes in the same month the previous year. The Nugget Pond copper and gold milling facility achieved throughput of 27,193 dry metric tonnes, up 43% from 19,060 dry metric tonnes the previous year. Also during the month, the operation produced 1,556 tonnes of concentrate, containing 410 tonnes of saleable copper and 266 ounces of saleable gold. This compares to 1,122 tonnes containing 293 tonnes of saleable copper and 241 ounces of gold the previous year.
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SRT Marine Systems PLC - Bath-based provider of maritime surveillance - Says trading for the year ended March 31 has been in line with expectations. Expects revenue of GBP8.2 million and a loss before tax of GBP6.9 million. Says its transceivers business performed well but suffered from constrained production due to inconsistent component supply, resulting in lower revenue. Expects supply chain issues to normalise moving forward.
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Seed Innovations Ltd - Guernsey-based wellness and life sciences firm - Notes that a number of cannabidiol products sold by its portfolio companies have been included on the UK Food Standard Agency's list of CBD product permitted to stay on the market in England and Wales.
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Water Intelligence PLC - London-based leak detection services - Expands its credit facilities to include an additional USD15 million for further acquisitions of its American Leak Detection franchises as well as a two-year extension of its USD2 million line for working capital.
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Eastinco Mining & Exploration PLC - exploration and development company focused in Africa - Says early observations from work at its tantalum-tin projects in Rwanda are "encouraging". 16 new pegmatite zones were discovered during the geochemical soil sampling on the HCK joint venture in Rwanda. Chair Charles Bray says: "The extensive occurrence of potential tantalum-niobium bearing pegmatite zones across the HCK licence is very positive. We will now seek to establish an operating hub in the area to service the two joint ventures we have in the south."
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Chaarat Gold Holdings Ltd - gold mining company focused on Armenia - Notes that the government of the Kyrgyz Republic and Centerra Gold Inc have resolved the dispute on the Kumtor Mine in the Kyrgyz Republic. Company calls resolution a "positive" development and is confident that it will be "beneficial" for investor sentiment in the region. Chaarat said in February that the dispute had slowed down construction activities and delayed debt financing at Tulkubash.
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Castillo Copper Ltd - base metal explorer focused on Australia and Zambia - Identifies multiple targets for drill-testing with the potential to host copper mineralisation at its 100% owned Mkushi project in Zambia. Managing Director Dennis Jensen says: "The IP survey results from the Mkushi Project are outstanding, especially as they throw off numerous potential targets to test-drill for copper mineralisation. More significantly, it complements the results from the Luanshya Project which has 14 identified primary targets".
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MGC Pharmaceuticals Ltd - biopharmaceutical company - Signs exclusive agreement with Scienus Rare for the distribution of CannEpil and CogniCann in the European Union and the UK. Scienus is a pharmaceutical services company based in the Netherlands. It will become exclusive distributor of the products. After the initial 12 months of the agreement, Sciensus Rare will be subject to minimum purchase order requirements to maintain its exclusive distributor status.
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Faron Pharmaceuticals Ltd - clinical stage biopharmaceutical company - Closes Hibiscus trial assessing Traumakine due to low Covid-19 infection and hospitalization rates in the US. Traumakine is a first-line treatment for Covid-19 patients who require low flow oxygen support. Company reverts its resources to the development of bexmarilimab.
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AdvancedAdvT Ltd - London-based acquisition vehicle - Lifts share suspension and announces a net asset value of 94p per share at March 31. Reports a cash balance of GBP105.1 million.
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Caspian Sunrise PLC - Kazakhstan-focused oil & gas exploration and production company - Proposes cancellation of its share premium account and its deferred shares. A decision regarding the approval will be made at a general meeting on April 22.
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Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Reports copper and gold royalty revenue of USD1.7 million in the first quarter since its acquisition of Newcrest Mining Ltd's portfolio. Altus owns 33 royalty interests in total. Chief Executive Steven Poulton says the company is "delighted" that its royalty acquisition strategy is delivering "significant" returns.
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Primorus Investments PLC - investment firm focused on small and mid cap firms in financial services, technology and natural resources - Agrees to extend the time for Alteration Earth PLC to complete its prospectus and obtain its listing on the standard segment of the main market of the London Stock Exchange. Date extends to May 4 from April 4.
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Clean Invest Africa PLC - London-based renewable energy investor - Renegotiates its facility agreement dated June 14, 2019. The balance now outstanding amounts to GBP5.0 million, down from GBP5.2 million previously. All debt currently owed to the lenders Contax Partners Inc and Shaikh Mohamed Abdulla Khalifa AlKhalifa will be settled by a convertible loan note with a 0% coupon for a 5-year term and repayable only in Clean Invest Africa shares at a price of 1p per share. GBP2.7 million will be issued to Contax and GBP2.3 million will be issued to Shaikh Mohamed Abdulla Khalifa AlKhalifa.
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By Heather Rydings; heatherrydings@alliancenews.com
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