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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Oxford Metrics PLC - software company servicing government, life sciences, entertainment and engineering markets - Makes good start to new financial year, with current trading in line with market expectations for the full-year, which ends September. "With a broader range of motion measurement applications emerging, Vicon has started the year well with strong trading in Asia Pacific. Yotta continues to generate reliable and growing levels of recurring revenue as customers continue to prioritise digital transformation in public asset management to enable remote working," says Chief Executive Nick Bolton. Board remains "confident" of prospects for the year.
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Horizonte Minerals PLC - Brazil-focused nickel development firm - Proposes GBP18.0 million fundraise at price of 7.5 pence per placing share. The fundraise comprises a placing to new and existing institutional investors and a concurrent underwritten bought deal private placement to be led by Paradigm Capital Inc. The proceeds will be used to initiate specific early works and advance long-lead time items linked to the start of construction of the company's Araguaia ferro-nickel project in Brazil, as well as for general working capital purposes.
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Ariana Resources PLC - exploration and development company operating in Europe - Says 1,190 metres in strike length of new gold-silver veins discovered within the limits of the current Arzu North and Derya open-pits, which average over 1 gram per tonne gold. "The latest work in the Arzu North area proves our understanding that the majority of veins in this area were obscured at surface due to the upper ignimbrite cap rock. This prohibited the identification of mineralisation at surface and suggests that significant mineral potential remains to be tested throughout this area," says Managing Director Kerim Sener.
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Tirupati Graphite PLC - graphite and graphene producer in Madagascar and India - Starts stage two exploration and drilling programme across its primary flake graphite projects in Madagascar. Adds that SRK Mining Services (India) Private Ltd will oversee the company's stage two programme and update and upgrade its current Mineral Resource Statement for the Vatomina and Sahamamy projects in Madagascar under the current competent person's report, which was contained in the company's listing prospectus.
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Wishbone Gold PLC - precious metals trading and exploration company with assets in Australia - Says the detailed high-resolution magnetic survey recently flown over the company's Red Setter project has delineated "multiple highly prospective magnetic targets over" a much larger 3 kilometre by 1 kilometre area than previously interpreted. Largest individual priority 1 magnetic target has a 1,500 metre strike length with a width of 400 metres and starts at around 75 metres from surface. The survey shows all magnetic targets are "much shallower" than 150 metre to 250 metre depth previously modelled.
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Papillon Holdings PLC - investment company - Submits prospectus to UK Financial Conduct Authority for readmission of shares, with name change to Caracal Gold PLC to become effective on successful completion of reverse takeover. Says significant progress regarding approvals and due diligence for completion of the transaction with Mayflower and between Mayflower and Goldplat PLC, and adds that approval processes for the acquisition of the Kilimapesa gold mine are also progressing well in Kenya. "We are excited to commence our journey as a London listed gold producing company, with a clear strategy to optimise operations and expand mineable resources at the operating Kilimapesa gold mine. I am pleased to report that the Mayflower team has achieved several gold pours at Kilimapesa in late 2020 and already in 2021, and we have an exceptional opportunity to materially enhance the Mine's production profile in the near term," says Papillon Executive Director Charles Tatnall. Goldplat notes release by Papillon.
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PetroTal Corp - Peru-focused oil and gas development and production firm - Announces 2021 capital program of USD100 million. The program will be fully funded from the recently announced USD100 million bond issue, supplemented with funds generated from operations and existing cash resources. The drilling focused development program is expected to start in March and continue through December. "2021 will be a defining year for the company as we look to double production and realize scale and synergies that compete with the best oil plays in the world," says President & Chief Executive Manuel Pablo Zuniga-Pflucker.
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Boku Inc - San Francisco, California-headquartered mobile payments platform - Says subsidiary Fortumo has been working with Polish e-book vendor Legimi and together are launching a direct carrier billing partnership.
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Red Rock Resources PLC - Kenya and Australia-focused gold explorer - Notes that investee Jupiter Mines Ltd says Tshipi e Ntle Manganese Mining Pty Ltd board has declared final dividend of ZAR1.1 billion, of which Jupiter will receive ZAR521.5 million. Jupiter will also receive ZAR30.6 million in marketing profit. Red Rock Chair Andrew Bell says: "As a Jupiter shareholder, Red Rock welcomes this evidence that Tshipi profitability has recovered well from the impact last year of Covid-19 on South Africa. "
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Jangada Mines PLC - London-based natural resources company - Notes ValOre Metals Corp closes USD8.3 million private placement. ValOre issued 27.8 million units at a price of USD0.30 per unit, with one unit consisting of one common share and one-half of one common share purchase warrant.
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Power Metal Resources PLC - metal exploration and development company - Exercises option to buy McKellar property located on the prospective Schreiber-Hemlo Greenstone Belt in north-western Ontario, Canada. McKellar is one of four gold exploration properties upon which the company has an exclusive option to acquire a 100% interest. Power Metal will pay total consideration of CAD100,000, with half in cash and half in shares.
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By Lucy Heming;Â lucyheming@alliancenews.com
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