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Pin to quick picksEco (atlantic) Share News (ECO)

Share Price Information for Eco (atlantic) (ECO)

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Share Price: 15.35
Bid: 15.20
Ask: 15.50
Change: 0.80 (5.52%)
Spread: 0.30 (1.974%)
Open: 14.60
High: 15.30
Low: 15.30
Prev. Close: 14.50
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TRADING UPDATES: Celadon Pharma raises GBP2.0 million via placing

Tue, 12th Dec 2023 17:40

(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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Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Raises GBP851,999 via the issue of 5.7 million new shares at GBP0.15 per share. Says the shares were largely issued to existing shareholders. Adds that this increases its total funds raised to GBP1.9 million following the sale of assets on December 5.

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Celadon Pharmaceuticals PLC - London-based pharmaceutical company focused on the development, production and sale of breakthrough cannabis-based medicines - Says it has raised GBP2.0 million via the placing of 1.7 million new shares at 115 pence each, a 5.5% premium to its closing price on December 11. Says the proceeds of the placing will be used for additional working capital. Chief Executive James Short says: "Following the signing of our first three supply contracts this year, and the imminent delivery of the first shipments to our UK customers, we have taken the opportunity to secure GBP2.0 million of additional working capital at an attractive issue price compared to the current one. The company is now well funded to deliver on its current commitments."

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Kerry Group PLC - Tralee, Ireland-based firm - Says it has agreed to acquire part of the global lactase enzyme business of Chr Hansen Holding AS and Novozymes AS, covering certain trade and assets of the former, and 100% of Nuocheng Trillion Food Co Ltd, a subsidiary of Novozymes. Says the business includes NOLA products, and "enhances Kerry's biotechnology solutions capability following the acquisitions of c-LEcta and Enmex". The acquisitions referred to were made in 2021. Notes that it will pay EUR150 million, with the deal expected to close in the first half of 2024.

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JPMorgan Multi-Asset Growth & Income PLC - London-based investment firm - Says it received 24.88% negative votes from shareholders against resolution 12 at its annual general meeting on July 4. Says a "constructive exchange of views is ongoing", after contacting dissenting shareholders. Resolution 12 was for the company to continue as an investment trust for a further five years.

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Eco Atlantic Oil & Gas Ltd - Oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana - Says it must obtain shareholder approval for its 100%-owned subsidiary Azinam Ltd to farm-out a 6.25% participating interest in Block 3B/4B offshore South Africa to Oil SA Corp. Says a resolution to approve the farm-out is to be included in its AGM. Says its AGM is set to be held on December 29.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Aug 2022 19:17

IN BRIEF: Eco Atlantic Oil & Gas first quarter loss widens

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Interest income first quarter to June 30 rises to USD20,127 from USD4,524 a year earlier. Net loss widens to USD2.7 million from USD825,624. Total operating expenses surge to USD4.0 million from USD692,276. Gets USD1.4 million boost from fair value change in warrant liability, however.

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12 Aug 2022 12:54

Eco Atlantic says rig on its way to Orange Basin well

(Sharecast News) - Oil and gas exploration company Eco Atlantic confirmed on Friday that the 'Island Innovator' rig, owned by Island Drilling Company, had been released and mobilised.

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12 Aug 2022 11:19

AIM WINNERS & LOSERS: Jadestone down on guidance cut; Ascent gets paid

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

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12 Aug 2022 10:57

IN BRIEF: Eco Atlantic Oil & Gas says rig mobilised at Gazania-1 well

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Says the rig owned by Island Drilling Company AS, has been released and mobilised for Gazania-1 in South Africa. Says the rig is now under contract to Eco and its joint venture partners. Eco adds the rig is expected to arrive and spud by the end of September this year.

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1 Aug 2022 12:17

TRADING UPDATES: Eco Atlantic loss widens; MiLOC swings to loss

(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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6 Jul 2022 20:29

IN BRIEF: Eco acquires additional stake in South Africa's Block 3B/4B

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Confirms it has received TSX Venture Exchange approval for its acquisition of an additional 6.25% stake in Block 3B/4B, offshore South Africa from the Lunn Family Trust, one of the shareholders of Ricocure Ltd.

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27 Jun 2022 11:54

Eco Atlantic raises USD12.3 million to up stake in Block 3B/4B

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Monday said it has successfully raised USD12.3 million through a subscription and a placing, as it acquires an additional interest in Block 3B/4B, South Africa.

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22 Jun 2022 21:21

IN BRIEF: Eco Atlantic Oil & Gas plans Gazania spud in September

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Plans to spud the Gazania-1 well, 25 kilometres offshore the Northern Cape in South Africa, in September 2022. Holds a 50% working interest in Block 2B, where well sits.

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14 Jun 2022 15:24

IN BRIEF: Eco Atlantic Oil & Gas backs out of JHI Associates deal

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Cancels proposed USD52 million cashless acquisition of 100% of JHI Associates Inc, a Guyana-focused deepwater exploration company.

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11 May 2022 19:35

TRADING UPDATES: Norcros to raise GBP18 million for acquisition

(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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6 Apr 2022 11:39

Eco Atlantic Oil & Gas shares plunge after discounted equity fundraise

(Alliance News) - Shares in Eco Atlantic Oil & Gas Ltd dropped on Wednesday after the company said it raised GBP19.5 million in a discounted equity fundraise.

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6 Apr 2022 11:31

AIM WINNERS & LOSERS: Sosandar in fashion after positive outlook

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

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5 Apr 2022 20:45

TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss

(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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28 Mar 2022 11:15

Eco Atlantic gets final clearance for Azinam acquisition

(Sharecast News) - Eco Atlantic Oil & Gas announced on Monday that it has been given final approval for the Azinam acquisition by the TSX Venture Exchange in Toronto.

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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(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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