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Pin to quick picksGoldstone Resources Share News (GRL)

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TRADING UPDATES: AEW UK REIT appoints new chair; Oberon raises money

Tue, 19th Sep 2023 17:30

(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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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Appoints Robin Archibald to board from October 1. He will replace outgoing Chair Mark Burton at the 2024 annual general meeting. The company's last AGM was on September 14. Archibald is the former head of corporate finance and broking at Winterflood Investment Trusts and was chair of Albion Technology Venture Capital Trust. Archibald joins the board alongside Liz Peace, who joins as non-executive director on October 1. Peace was a "key player" in the creation of Farnborough, Hampshire-based defence technology company QinetiQ PLC in 2001 and was chief executive officer of the British Property Federation, where she played a "significant" role in the creation of the UK's Real Estate Investment Trust structure.

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Barkby Group PLC - investor in roadside property and in consumer and life sciences companies - Notes that subsidiary Cambridge Sleep Sciences grants five-year global license to Mammoth International Ltd, enabling it to manufacture a Smart Mattress via CSS's SleepEngine platform. Under the contract, Mammoth will pay CSS a royalty of GBP75 per single mattress and GBP150 per double mattress it produces. CSS CEO Julian Stone says: "We're delighted to be working with Mammoth, helping it to enhance its product range with a new Smart Mattress. Mammoth has strong credentials, particularly in specialist health and sport mattresses and our technology is a natural extension of their design ethos." Company adds that CSS is in advanced negotiations with "several household names" on several multi-year enterprise licensing deals for its SleepEngine technology.

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Bivictrix Therapeutics PLC - biotechnology company focusing on cancer therapies - In the first half of 2023, pretax loss narrows to GBP1.4 million from GBP1.6 million a year prior, with the loss being the same as operating costs for both periods. Looking ahead, Chief Executive Officer Tiffany Thorn says: "I am very encouraged by the growth we have made towards future-proofing the company, supported by notable progress towards moving our lead asset, BVX001, towards the clinic and broadened internal capabilities and know-how." After BVX001 has received a patent in the US for broad protection until 2039, the company is eyeing a further granted patent in Japan in the next weeks.

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Eurasia Mining PLC - London-headquartered, mining and mineral exploration company formerly focused on Russia - Pretax loss in the six months to June 30 widens to GBP7.4 million from GBP7.2 million a year prior, as loss classified as "other" increases to GBP6.4 million from GBP2.8 million. Notes that the first half of 2023 was mostly focused on selling its Russian assets. Chair Christian Schaffalitzky says: "We recognise that, in relation to the potential asset sale, it may be a source of frustration for shareholders that we cannot report on specific counterparties, the nature of our discussions, and the ongoing processes in more detail. This reflects the regulatory regime and the many confidentiality agreements that govern this activity. However, although there can be no guarantees, all the Eurasia board members are engaged in contributing towards a successful outcome to this process, and we look forward to providing our shareholders with further updates as appropriate."

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Expects to release 2022 results in the next 2 to 3 weeks, with the audit process taking longer than expected due to Moore Stephens Audit & Assurance Jersey Ltd needing time to on-board the company and its Ghanaian subsidiary. Moore Stephens has been Goldstone's auditor since June. Further, Goldstone says it is in discussions with Asia Investment Management Services Ltd to seek an appropriate extension to its secured gold loan facility which is due to mature on September 30. Regarding results for the first half of 2023 which are due at the end of the month, the company aims to release them shortly after publishing its 2022 results.

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Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Raises GBP2.5 million via conditional placing of 69.4 million shares at 3.6 pence each. Proceeds will be used to support expansion of the company's key business divisions, and the expected appointment of new revenue generating teams to speed up growth across Oberon. Placing of the shares is conditional on approval from shareholders at the annual general meeting on Thursday. Looking ahead, CEO Simon McGivern says: "Oberon is anticipating considerable growth in 2023 and beyond, which will be bolstered by this placing. We warmly welcome our new institutional investors, alongside the continued support from our existing investor base." Further, company announces retail offer to raise up to GBP500,000 via the Winterflood Retail Access Platform, via issuing 13.9 million shares at 3.6p each.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Jun 2019 11:50

GoldStone submits definitive economic plan for Akrokeri-Homase project

(Sharecast News) - GoldStone Resources confirmed on Thursday that the results of its definitive economic plan (DEP) at the Akrokeri-Homase Gold Project (AKHM) had now been submitted to the Ghanaian Minerals Commission for review and approval.

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Goldstone Resources Starts Definitive Economic Plan For Ghana Project

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it commenced its definitive economic plan and environmental impact assessment for the Akrokeri-Homase gold project in economic to

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GoldStone makes progress at Akrokeri-Homase Project

(Sharecast News) - GoldStone Resources updated the market on activities at its Akrokeri-Homase Gold Project in the Ashanti Region of Ghana on Friday, reporting that progress was being made within the area of Akrokeri that hosted the numerous artisanal shafts and pits, where it was making safe the shallow workings, and those that had been accessed were being mapped.

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Goldstone Resources Loss Widens On Akrokeri-Homase Project Development

LONDON (Alliance News) - Goldstone Resources Ltd on Friday said its loss widened in the first half of 2018 due to administrative expenses associated with its Ghanaian Akrokeri-Homase gold expenses

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27 Sep 2018 15:02

Goldstone Completes Shaft At Ghana Mine, Gains Access To Old Workings

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it has completed the Norton Shaft at its Akrokeri Mine in Ghana.The shaft was drilled to its target depth of 33 metres and

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2 Aug 2018 12:48

GoldStone Resources Discovers Visible Gold In Southern Ghana

LONDON (Alliance News) - West Africa-focused gold developer GoldStone Resources Ltd said Thursday it has discovered visible gold as a result of its drilling in the Ashanti region of southern gold

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9 Jul 2018 11:33

GoldStone Says Ghana Supports Redevelopment Of Gold Mines

LONDON (Alliance News) - GoldStone Resources Ltd on Monday noted that Johannesburg-listed AngloGold Ashanti Ltd secured environmental permits for its Obuasi gold mine in Ghana.The company

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3 Feb 2017 12:40

Goldstone Resources finds nine gold targets following drill programme

(ShareCast News) - Goldstone Resources has identified nine targets following an auger drilling programme at its gold mines in Ghana. The AIM-listed miner performed a short shallow auger drilling programme to test areas near an existing JORC Code compliant resource for the Homase-Akrokerri license by

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13 Dec 2016 10:05

Red Rock Sells 1.4 Million Goldstone Resources Shares (ALLISS)

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1 Dec 2016 11:21

Red Rock Shares Rise As Income Begins To Flow From Investments

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29 Nov 2016 11:29

GoldStone Resources Says First Drilling Programme At Homase Completed

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11 Nov 2016 16:29

Stratex International's shares slip after Homase/Akrokerri update

(ShareCast News) - Shares in Stratex International were down more than 2% late on Friday following an update on the Homase/Akrokerri project in Ghana by Goldstone Resources Ltd. Stratex holds a 33.45% stake in Goldstone. The update said reverse-circulation drilling of a 750 metre-long gold-enriched

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11 Nov 2016 07:58

Goldstone Resources' Ghana mine finds gold enrichment in saprolite

(ShareCast News) - AIM-listed Goldstone Resource's recent drilling program at its mine in Ghana found gold enrichment in saprolite. The AIM-listed miner's recent drilling programme comprised 3,000 metres of auger and some 1,500 metres of reverse circulation drilling of the AK02 prospect within the A

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13 Oct 2016 11:05

Goldstone Resources shares fall as employment dispute reported

(ShareCast News) - Shares in AIM-listed miner Goldstone Resources dropped nearly 12% on Thursday morning after it was revealed that a former director made a large cash claim against the company over his termination. The sum sought would be a "significant proportion" of the company's current cash res

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19 Sep 2016 11:23

GoldStone Resources narrows loss as Ghana development continues

(ShareCast News) - Africa-focused gold company GoldStone Resources posted its interim results for the six months to 30 June on Monday, again reporting nil revenue as it continued its exploration activities, but significantly reducing its operational costs and narrowing its loss. The AIM-traded firm

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