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TRADING UPDATES: Mobile Streams sees sales multiply; Corcel gets funds

Tue, 25th Oct 2022 20:58

(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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Oxford BioDynamics PLC - Oxford-based biotechnology firm focused on discovery and development of epigenetic biomarkers - Receives valid acceptances for 1.1 million open offer shares. Raises total gross proceeds of around GBP216,561. Raises a total of GBP9.3 million via a placing, subscription and the open offer.

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Corcel PLC - London-based mining and mineral resource development company - Says the funds for NPC's subscription for 50.0 million shares at a price of 0.4 pence per new share have been sent. Following admission, its total issued share capital will consist of 580.2 million shares, with one voting right per share.

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Frasers Group PLC - Shirebrook, England-based retail group which owns stores House of Fraser and Sports Direct - Holds 691.3 million MySale Group PLC shares representing around 66% of MySale's entire issued share capital. In August, it announced its firm intention to make an offer for MySale.

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Parsley Box Group PLC - Edinburgh-based meal delivery - Confirms that 2022 trading remains in line with market guidance. Holds cash reserves in excess of GBP3.5 million. Says its in the process of assessing the various potential sources of capital available to the Company to fund its medium-term growth plans.

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Mobile Streams PLC - London-based mobile content provider - Says its first non-fungible token whitelist 'drop' for the Mexican National team sold out over the weekend. Says the NFTs were sold for USD50 each with the price of these NFTs rising to USD100 by 1500 Mexico time. Total sales from the drop are currently in excess of USD60,000 and continue to rise. Revenue in the third quarter of 2022 amounts to USD620,000, more than multiplied year-on-year.

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GRIT Investment Trust PLC - invests in small and mid-capitalisation natural resources and mining companies - Says GBP52,500 principal of existing convertible loan notes held by Directors Malcolm Burne and Richard Lockwood have been converted into 2.1 million new shares at a conversion price of 2.5 pence per share.

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Guanajuato Silver Co Ltd - silver producer in Mexico - Completes its admission to the Apex segment of the Aquis Stock Exchange and started trading at 0800 GMT on Tuesday. The company's shares will also continue to trade on the TSX Venture Exchange. "As we continue to grow our silver production profile both through the optimization of our existing operations and through further mine acquisitions, we will also look to grow our shareholder base in the United Kingdom through the facilities of the Aquis Exchange," Chief Executive James Anderson comments.

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Synthomer PLC - Essex-based chemicals maker - Non-executive director Lee Hau Hian buys 60,000 shares at GBP1.01997, resulting in a total transaction amount of GBP61,198.20.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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17 Jun 2024 17:27

IN BRIEF: Corcel raises GBP500,000 to fund strategy

Corcel PLC - Angola and Brazil-focused oil exploration and production firm - Raises GBP500,000 through placing of 500.0 million new shares priced at GBP0.001 each. Says it intends to use the funds primarily to continue to build a stable financial foundation well into the second half of the year, financing its ongoing working capital requirements and operations, including geological and geophysical work in Angola and implementation of its business development initiatives in Brazil.

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12 Jun 2024 19:23

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

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12 Jun 2024 09:35

Corcel joint venture refused mining lease in Papua New Guinea

(Sharecast News) - Shares in oil, gas and battery metals small cap Corcel tanked on Wednesday after the company announced that the Papua New Guinea government refused to grant a direct shipping ore mining lease for its part-owned Mambare nickel-cobalt project.

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7 Jun 2024 18:41

IN BRIEF: Corcel's Angolan blocks to acquire new data through survey

Corcel PLC - Angola and Brazil-focused oil exploration and production firm - Says the KON 11, KON 12, and KON 16 blocks in Angola have received all the relevant approvals to acquire new data through an enhanced full tensor gradiometry survey. Non-Executive Chair Antoine Karam says: "The eFTG Survey over our blocks will enhance our geological understanding and bolster our efforts in the Kwanza basin, where we remain confident there is significant potential. Despite our recent challenges, we remain focused in achieving our goals."

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7 Jun 2024 11:36

AIM WINNERS & LOSERS: Corcel receives approvals for data acquisition

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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31 May 2024 16:57

LONDON MARKET CLOSE: FTSE 100 rounds off decent May with gain

(Alliance News) - Equities in Europe ended higher on Friday, though stocks in New York were weaker, despite a key US inflation gauge landing in line with expectations.

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25 Apr 2024 15:47

EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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23 Apr 2024 19:58

EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%

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

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16 Apr 2024 20:19

TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

(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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15 Apr 2024 12:12

IN BRIEF: Corcel completes initial well testing; raises GBP1.3 million

Corcel PLC - London-based mining and resource development company - Notes the conclusion of initial well test efforts at TO-14 well in the Kwanza Basin, onshore Angola, where the company has a 20% working interest. Says local operator Sonangol EP decides to move to testing to TO-13 well. The equipment move is expected to take approximately seven days after which formal testing will begin, it says. Chair Antoine Karam says: "With TO-13 testing shortly to commence, we will soon have an additional data set to aid in our efforts to both produce commercial oil in the short term and to reactivate and build out the Tobias field over the longer term." Corcel also reports that it has raised GBP1.3 million through through a fundraising via the issue of 260 million new ordinary shares at 0.005 pence each. This includes a GBP500,000 investment from shareholder, Extraction SRL.

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15 Apr 2024 08:22

Corcel to shift exploration focus amid nitrogen shortage

(Sharecast News) - Angola-focussed energy explorer and producer Corcel updated the market on progress at the Tobias Field reactivation on Monday, in Block KON-11 within the Kwanza Basin, where it holds a 20% working interest, or 18% ne.

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2 Apr 2024 12:36

EARNINGS: Capricorn Energy loss narrows; Crystal Amber net assets up

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

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27 Mar 2024 20:32

IN BRIEF: Corcel updates on progress of testing in Angola

Corcel PLC - London-based mining and resource development company - Provides an update on the testing of the TO-14 well in the onshore Block KON-11, in Angola, where it has a 20% working interest. Says testing of the TO-14 well continues following significant weather and equipment related delays earlier in the year. Explains reactivation of the fractured carbonate reservoir has been challenging, however there is continued focus on engineering solutions to flow test the well from the most prospective zones identified during the drilling phase. Notes continued engineering work is being conducted to identify solutions to flow both TO-14 and the yet untested TO-13 well. Additional activities are being progressed across the Corcel acreage in KON-11, KON-12, and KON-16. An electromagnetic full-tensor gravity survey is scheduled to begin by early May.

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18 Mar 2024 19:20

TRADING UPDATES: Chariot mulls future of Transitional Power business

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

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18 Mar 2024 12:45

Corcel reports positive findings from Canegrass lithium project

(Sharecast News) - Battery metals explorer and producer Corcel updated the market on the findings of its initial exploration activities at the Canegrass lithium project in Western Australia on Monday.

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