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Pin to quick picksKropz Plc Share News (KRPZ)

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TRADING UPDATES: Cambria drives on amid virus; Argo crypto mining up

Wed, 03rd Mar 2021 20:16

(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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Cambria Automobiles PLC - franchised motor retailer - Says continued to be hurt by UK Covid-19 restrictions in five months to January 31. Welcomes reopening of car showrooms penned for April but warns will miss out on busiest month of trading in March. Says overall trading performance during five-month period improves amid Covid-19-related cost reductions. "Whilst the group's trading performance in the first five months of the financial year is pleasing, given the potential impact that the lockdown restrictions could have had in the period, the results have benefitted from the government support stimulus," Cambria adds.

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Argo Blockchain PLC - cryptocurrency miner - Mines 129 bitcoin or bitcoin equivalent in February, compared to 93 in January. Mining revenue rises to GBP4.3 million in February, from GBP2.5 million in January. "At the end of February, the company held 599 BTC," Argo adds.

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Gore Street Energy Storage Fund PLC - London-based investor in utility-scale energy storage projects - participates in National Grid PLC's dynamic containment service, notching firm another revenue stream. Dynamic containment service ensures grid's frequency stays within statutory range of +/-0.5 hertz. "We are delighted to announce our participation in the new dynamic containment service developed by the National Grid, which could create a material uplift in the company's revenue across the majority of our operational portfolio if the pricing trends continue," says Alex O'Cinneide, chief executive officer of Gore Street's investment manager.

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Kropz PLC - South Africa-focused plant nutrient feed minerals developer - Makes quarterly draw down of loan facility with shareholder ARC Fund. "The fifth draw down under the original equity facility is for USD7 million," Kropz says. Adds that drawdown will be settled through issue of 89.2 million shares at 6.75 pence each. In addition, Kropz draws down USD2 million from a new equity facility.

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Wishbone Gold PLC - precious metals trading and exploration company with assets in Australia - Signs deal to acquire Cottesloe silver project in Australia, more than doubling exposure in Patersons province. To issue Alta Zinc Ltd 600,000 new shares at 14 pence each, GBP84,000 in total. "With silver becoming increasingly in demand with the climate change agenda initiatives, the silver potential is exceptional here at Cottesloe," Chair Richard Poulden says.

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Pure Gold Mining Inc - Canadian gold miner - Says gold pours and shipments at PureGold Mine in Red Lake, Ontario ramping up "regularly". "With the steady progress of mining and milling performance throughout the ramp-up period toward the design production rate of 800 tonnes per day, the company currently anticipates declaring commercial production at the PureGold Mine in Q2 2021," company adds.

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Inspired Energy PLC - Lancashire-based energy procurement consultant - Completes buys of BWS Holdco Ltd, its trading unit Businesswise Solutions Ltd and General Energy Management Ltd. Buys funded from Inspired's GBP31.3 million July fundraise. "We are delighted to conclude the acquisition of Businesswise and GEM, which are highly complementary additions to the group. Both acquisitions increase our market share for energy assurance services, broaden our customer base and significantly increase our units of opportunity," CEO Mark Dickinson adds.

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W Resources PLC - tungsten, tin and gold mining company with assets in Spain and Portugal - Says plant improvement work at La Parrilla mine in Spain has been completed. Notes "improved efficiency and increased production of tin and tungsten concentrate" at mine.

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Reabold Resources PLC- London-based oil and gas project investor - Begins sale of GBP500,000 of convertible loan notes in Corallian Energy Ltd. "As previously announced, the CLN will help to fund the submission of a draft Field Development Plan for the Victory gas field, which Corallian plans to submit prior to the end of 2021," Reabold says.

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Uru Metals Ltd - exploration and development firm - Proposed disposal of its 80% stake in Zebediela nickel project in South Africa to Blue Rhino Capital Corp. Blue Rhino will complete share consolidation and non-brokered private placement to raise CAD2.3 million, about GBP1.3 million. Notes disposal requires shareholder approval.

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Solid State PLC - Worcestershire-based computing products manufacturer - Buys Willow Technologies Ltd, a maker of electro-mechanical products, for an initial GBP10.0 million. Solid State notes acquisition has maximum earnout of GBP3.5 million.

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SourceBio International PLC - Nottingham-based laboratory services provider - Says laboratory operations in San Diego, California to expand to include Covid-19 PCR testing services. "This further investment in our San Diego facility increases our overall capacity to increase Covid-19 qPCR testing services by up to an additional 5,000 samples per day and means we can address the clear market demand for Covid-19 testing in the US," Executive Chair Jay LeCoque says.

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Aberdeen Asian Income Fund Ltd - closed-end fund concentrated on Asian equities - Renews both its three-year GBP10 million loan facility and GBP40 million one-year facility with Bank of Nova Scotia, London Branch for a further three years. "Under the terms of the revolving credit facility, the company also has the option to increase the level of the commitment from GBP40 million to GBP60 million at any time," company adds.

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Evgen Pharma PLC - Liverpool-based clinical stage drug development company - Completes open offer, taking total fundraising to GBP11 million. In February, Evgen said it planned to raise funds to support completion of formulation and scale up manufacturing of breast cancer product SFX-01.

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Victoria PLC - Worcestershire-headquartered flooring firm - Says EUR127.9 million of outstanding senior secured notes due 2024 validly tendered and accepted for repurchase for EUR133.7 million. Says EUR348.1 million in notes remain outstanding.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
14 Sep 2023 19:00

IN BRIEF: Kropz says Elandsfontein gets ZAR250 million loan facility

Kropz PLC - South Africa-focused phosphate producer and developer - Says Kropz Elandsfontein (Pty) Ltd and The ARC Fund have agreed to a ZAR250 million, around USD13.2 million, loan facility to meet immediate and additional near-term funding requirements at Elandsfontein. The facility will be used to progresses commercial sales, and also to meet Elandsfontein's interest and capital payment obligations to BNP Paribas SA.

Read more
18 Aug 2023 14:26

IN BRIEF: Kropz makes draw down request on bridge loan facilities

Kropz PLC - South Africa-focused phosphate producer and developer - Makes a fifth draw down request for ZAR60 million, around GBP2.5 million, from its bridge loan facilities with its major shareholder the ARC Fund. The ZAR285 million facility was agreed upon in March to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd. The loan is now drawn in full.

Read more
31 Jul 2023 14:36

EARNINGS UPDATES: Kropz annual loss widens on impairments

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

Read more
30 Jun 2023 11:00

TRADING UPDATES: Pod Point wins deal; Kia sponsors Live Co K-pop event

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

Read more
23 Jun 2023 17:41

IN BRIEF: Kropz makes draw down request on bridge loan facilities

Kropz PLC - South Africa-focused phosphate producer and developer - Makes a fourth draw down request for ZAR80 million, around GBP3.4 million, from its bridge loan facilities with its major shareholder the ARC Fund. The ZAR285 million facility was agreed upon in March to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd.

Read more
23 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
Gusbourne PLCAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
IQE PLCAGM
Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
New Century AIM VCT 2AGM
Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
Symphony Environmental Technologies PLCAGM
Synairgen PLCAGM
Thalassa Holdings LtdAGM
tinyBuild IncAGM
Touchstone Exploration IncAGM
Trident Royalties PLCAGM
Unigel Group PLCAGM
Verici Dx PLCAGM
Xpediator PLCAGM
Friday 30 June 
Argo Blockchain PLCAGM
Ascent Resources PLCAGM
Bluejay Mining PLCAGM
Caspian Sunrise PLCAGM
Codex Acquisitions PLCAGM
Domino's Pizza Group PLCGM re directors' remuneration policy
Fenikso LtdAGM
Fiinu PLCAGM
FireAngel Safety Technology Group PLCAGM
GENinCode PLCAGM
Hemogenyx Pharmaceuticals PLCAGM
Hiro Metaverse Acquisitions I SAAGM
i3 Energy PLCGM re premium share cancellation
ImmuPharma PLCAGM
Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Kefi Gold & Copper PLCAGM
Kistos Holdings PLCAGM
KRM22 PLCAGM
Kropz PLCAGM
LoopUp Group PLCAGM
Medica Group PLCAGM
Mirriad Advertising PLCAGM
Rockfire Resources PLCAGM
Savannah Energy PLCAGM
Strip Tinning Holdings PLCAGM
ThomasLloyd Energy Impact Trust PLCAGM
URA Holdings PLCAGM
World Chess PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 21:00

TRADING UPDATES: Round Hill Music and Jadestone Energy swing to profit

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

Read more
28 Mar 2023 16:46

TRADING UPDATES: Galantas Gold closes placement; Kropz makes draw down

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

Read more
14 Mar 2023 20:20

TRADING UPDATES: Kropz agrees to ZAR285 million bridge loan facilities

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

Read more
27 Feb 2023 12:22

Kropz makes ZAR40 million drawdown under major shareholder facility

(Alliance News) - Kropz PLC on Monday said it has drawn down ZAR40.0 million, a fourth request under its ZAR550.0 million convertible equity facility with its largest shareholder ARC Fund.

Read more
25 Jan 2023 16:43

IN BRIEF: Kropz makes third drawdown request under new equity facility

Kropz PLC - African phosphate producer and developer - Makes third drawdown request under new ZAR550 million convertible equity facility from the company's largest shareholder ARC Fund, as announced in November. The third drawdown is for ZAR60 million, with ZAR47.5 million remaining available for drawdown under the facility's term. The next drawdown is expected to be made on or around February 23, in line with the terms of the ZAR550 million equity facility.

Read more
23 Jan 2023 14:05

IN BRIEF: Kropz surges on first bulk sale from Elandsfontein project

Kropz PLC - African phosphate producer and developer - Confirms first shipment and sale of 33,000 tonnes of phosphate concentrate from Kropz Elandsfontein Pty Ltd. The Elandsfontein phosphate project is based in South Africa.

Read more
16 Jan 2023 14:33

IN BRIEF: Kropz shares down as CEO Summers departs; hires Loubser

Kropz PLC - African phosphate developer - Hires Louis Loubser as chief executive officer to replace Mark Summers, effective immediately. Loubser has been a director or partner of companies including Arctiq Holdings Proprietary Ltd, BMP Mercator Proprietary Ltd, and Buffelsbank Boerdery Proprietary Ltd. Chair Robin Renwick says: "Louis has significant operational experience, which is what the Company most needs at this stage of its development."

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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

(Corrects that Zenith Energy is based in Canada, not in Scotland.)

Read more
10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

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

Read more

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