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TRADING UPDATES: Goldplat sells shares; Chill Brands starts campaigns

Mon, 31st Oct 2022 21:00

(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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Valereum Blockchain PLC - Gibraltar-based blockchain technology - Receives consent from the Gibraltar Financial Services Commission to complete the acquisition of the Gibraltar Stock Exchange."We have ambitious plans for the GSX and for Valereum linking the fiat and digital worlds. All our expansion plans will be fully regulated in the environments in which we plan to operate. The GSX will harness proven exchange technology from established providers and will be updated with full front to back trading and clearing functionality on a significant scale and expandability," Chair Richard Poulden comments.

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Landore Resources Ltd - Mining exploration and development company in Canada - Completes the acquisition of Ardiden Ltd's 20% interest in the Root Lake property. Earlier this month, it finalised and executed an extinguishment agreement with Green Technology Metals Ltd for CAD3 million, or USD2.2 million. Green Technology Metals will extinguish half of Landore's 3% net smelter royalty over the Root Lake property in Ontario, Canada. In return, Green Technology has agreed to pay Landore CAD2 million in cash.

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Shield Therapeutics PLC - commercial stage pharmaceutical company - Korean Food & Drug Administration says that a single pharmacokinetic study is the last study required to support a new drug application submission for Accrufer. The drug is an iron-containing medication for the treatment of adults with low iron stores. Expects regulatory approval in Korea in late 2023.

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Goldplat PLC - South Africa and Ghana-focused gold miner - Sells a portion of its shares in Caracal Gold PLC. Says it has sold 23.3 million shares in Caracal for 0.65 pence per share. Following the disposal, it retains a 4.3% interest in Caracal.

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Infrastructure India PLC - invests in infrastructure assets in India's energy and transport sectors - Notes that the purchaser of Indian Energy Ltd, AVSR Constructions, is continuing to experience administrative delays in finalising the transaction. Says that it has expressed concern to AVSR over the continued delays and stressed that progress must soon be made. Remains in discussions with third parties regarding the sale of assets.

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Momentum Multi-Asset Value Trust PLC - London-based investment firm - Renews its GBP10 million revolving credit facility with The Royal Bank of Scotland International Ltd for a further two years. The facility bears interest at 1.35% over Sterling Overnight Index Average and may be used for the acquisition of investments, it says.

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Amaroq Minerals Ltd - Greenland-focused gold mining company - Raises CAD29.0 million, or GBP18.6 million, in Iceland through a placing of 53.7 million common shares, which have been issued and admitted in the TSX Venture Exchange today.

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DeepVerge PLC - Dublin-based environmental and life science group - Says it extended its broker offer to 1630 GMT on Monday October 31.

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Chill Brands Group PLC - Grand Junction, Colorado-based cannabidiol products - Says the Chill.com website generated sales in excess of USD10,000 in the seven days following its relaunch on October 18. Starts "a number" of marketing campaigns that are intended to drive additional traffic to Chill.com. "Our focus has now turned to an array of marketing initiatives that will drive new consumers towards our growing digital sales channel. We still have a long way to go to achieve our ambitions for the Chill.com platform, but this has been a very encouraging start," Chief Executive Callum Sommerton says.

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Round Hill Music Royalty Fund Ltd - New York-based music copyright investment company - Anticipates that a number of recent industry updates in streaming will be beneficial to its revenue. "The company's exposure to positive revenue trends in streaming services is significant, with approximately 50% of RHM's revenues derived from digital service providers such as Spotify and Apple Music across master, mechanical and performance royalties," it explains.

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Psych Capital PLC - London-based psychedelic medicines media and investor - Posts a maiden pretax loss of GBP543,933 in the year which ended April 30. Records revenue of GBP62,228. Expects the publication of potentially transformative clinical trial results expected in late 2022 or early 2023, with MDMA and psilocybin-assisted therapy expected to be regulated by the FDA.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Infrastructure India Says Vikram Logistic Subsidiary Under Pressure

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Infrastructure India's subsidiary VLMS acquires Freightstar

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27 Dec 2012 15:40

COO of Afren sells 360,000 shares

Shahid Ullah, the Chief Operating Officer of Afren, the FTSE 250 energy group, has reduced his stake in the company by 360,000 shares. Ullah, who joined the company in 2008, traded in the stock at 130p a time on Christmas Eve, earning himself £468,000 before tax. Earlier this month the group, wh

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23 Aug 2012 16:00

Small caps round-up: Infrastructure India, SkyePharma, LiDCO Group

Infrastructure India, an AIM-listed investment group, pleased its investors with a 50.2 per cent leap in its net asset value (NAV) to 207.3m pounds over the year ended March. The value of the company's investments rose 94.9 per cent to 216.7m pounds, while the NAV per share climbed from 92p to 95p.

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24 May 2012 13:12

Infrastructure India director sells 12.5m shares

A Non-Executive Director of investment group Infrastructure India has sold 12.5m shares in the firm at 55p through an accelerated bookbuild secondary placing to satisfy certain personal financial obligations. Vikram Viswanath now holds 42,488,993, or 19.4% of the issued share capital, having sold

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21 Jul 2011 14:59

Infrastructure India buys wind farm group

Investment group Infrastructure India is to take over wind power group Indian Energy in a deal worth £7.9m. The company also announced its full-year results. Net asset value (NAV) rose by 244% to £138m in the year to 31 March, nut due to the dilutive effect of placings, NAV per share fell by 16% to

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Transformational deal for Infrastructure India

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Infrastucture India hails economic outperformance

Infrastructure India, the closed-ended investment fund focused on the South Asian country's energy and transport sectors, saw its net asset value rise to 106p a share from 94p in the year to September 30. "India's economy has continued to fare better than most, in spite of continuing financial unpr

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