Contango Hdg Share News (CGO)

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

IN BRIEF: Contango raises GBP940,000 to progress Muchesu contracts

Contango Holdings PLC - metallurgical coal producer focused on its 70%-owned Muchesu coal project in Zimbabwe - Raises GBP940,000 through the placing of 94.0 million new shares at a price of 1 pence each, now representing around 17% of the company's total share capital. Says that the fundraise will strengthen its working capital position and allow ongoing contract discussions to materialise, but that the proceeds are insufficient to repay its outstanding shareholder loans of GBP2.7 million.

TRADING UPDATES: Avacta plans fundraise to fund clinical development

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Contango Holdings receives USD120,000 for Muchesu coal sample

(Alliance News) - Contango Holdings PLC on Wednesday provided an update into operations at its Muchesu project.

Contango says no plans for equity raise after shares slump

(Alliance News) - Contango Holdings PLC on Friday said it has no plans for an equity raise, as the firm noted the recent sharp drop in its share price.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Contango celebrates it has become revenue-generating

Contango Holdings PLC - natural resource development company operating the Muchesu coal mine in Zimbabwe - On Friday, says the financial year ended May 31 has been "significant" as it has seen Contango transition from an exploration and development company to a production and revenue-generating company. Activities during the year ended May 31 were focussed on achieving first stable production of coking coal at the Muchesu coal project.

IN BRIEF: Contango gains final approvals for coal export from Muchesu

Contango Holdings PLC - Zimbabwe-focused natural resource development company - Receives final approvals for the export of coal from the Muchesu project in Zimbabwe by the country's Minerals Marketing Corporation. As a result, company makes its inaugural sale to TransOre International FZE.

Contango installs weighbridge at Muchesu coal project in Zimbabwe

(Alliance News) - Contango Holdings PLC on Tuesday said the installation of the weighbridge at the Muchesu coal project in Zimbabwe was completed last week and is now fully operational.

Contango signs off-take agreement with TransOre International

(Alliance News) - Contango Holdings PLC on Monday said it has signed a new off-take agreement with TransOre International FZE.

IN BRIEF: Contango clears speculation around AtoZ offtake agreement

Contango Holdings PLC - Zimbabwe-focused natural resource development company - Responds to recent speculation regarding its offtake agreement with AtoZ Investment Pty Ltd.

IN BRIEF: Contango Holdings washed coal production starts in Zimbabwe

Contango Holdings PLC - natural resource development company with operations in Africa - Notes start of washed coal production at Lubu coking coal project in Zimbabwe. Says Wirtgen surface miner can mine at a rate of up to 1,000 tonnes of coking coal per hour. "The company will continue to undertake studies on washed coal production to ensure optimisation. Samples will also be sent to several parties who have indicated they would look to enter into long-term offtake contracts. This includes the company's potential strategic partner under a memorandum of understanding and complements Contango's existing offtake for 10,000 tonnes a month of washed coal," Contango says. Adds that it will sell all produced coking coal at factory gate with a current MMCZ price at USD120 per tonne. Expects to announce first sales of washed coking coal next month. MMCZ is a minimum price prescribed by the Minerals Marketing Corporation of Zimbabwe.

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Galantas Gold closes placement; Kropz makes draw down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Ediston signs 10-year lease with Marks & Spencer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: