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Pin to quick picksLexington Gold Share News (LEX)

Share Price Information for Lexington Gold (LEX)

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Share Price: 5.20
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TRADING UPDATES: Tintra receives bid approach; NCC trading in line

Thu, 07th Sep 2023 20:27

(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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Amur Minerals Corp - Russia-focused nickel copper sulphide exploration company - Confirms that trading in the company's shares on AIM will be suspended with effect from today. Following the disposal of the AO Kun-Manie subsidiary, Amur became classified as an AIM Rule 15 cash shell and was required to make an acquisition or acquisitions which would constitute a reverse takeover under Rule 14 of the AIM rules for companies, or be re-admitted on AIM as an investing company under AIM rules on or before the date falling six months from March 6. As neither of these events have taken place, shares have been suspended. If no transaction has taken place in a further six months, trading in the shares will be cancelled.

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NCC Group PLC - Manchester-based cybersecurity company - Expects to report adjusted earnings before interest and tax in line with the outturn outlined in June's trading update. Current trading is in line with expectations with cost efficiencies across Cyber Security and corporate functions already being realised. In financial year 2024, expects to make modest improvement in adjusted Ebit driven by both the Cyber Security and Software Resilience businesses. Execution of the next chapter of the strategy is progressing well, with its global delivery and operations centre in Manila opening by the end of September 2023. Says results will now be released on September 27, and not September 14 as previously advised as the auditor has requested more time to complete all procedures.

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Vela Technologies PLC - early stage-focused technology investor - Further to announcement on August 15, notes that Murphy Canyon Acquisition Corp has recently announced that the special meeting of stockholders to approve its initial business combination with Conduit Pharmaceuticals Ltd has been postponed and will now be held on September 13. The meeting will also discuss Murphy's planned acquisition of an economic interest in AZD1656 from Vela for GBP4.0 million. Vela paid GBP2.4 million for an 8% economic interest in this asset in October 2020, which Murphy aims to buy for GBP4.0 million.

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Triple Point Social Housing REIT - London-based real estate investment trust - Reports EPRA net tangible assets per share of 111.31 pence at June 30, little changed from 111.80p the year before. Adjusted earnings per share fell to 2.21p from 2.57p. Dividend was unchanged at 2.73p.

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Renalytix PLC - London-based kidney health-focused diagnostics company - Appoints Howard Doran as chief business officer from September 1. His primary responsibility will be leading the KidneyIntelX global sales effort.

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Helium One Global Ltd - helium explorer in Tanzania - Raises GBP6.3 million from placing, subscription at 6 pence per share. Further, raises GBP0.5 million by a retail offer taking total proceeds of fundraise to GBP6.8 million.

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Restore PLC - London-based provider of digital and information management and lifecycle services - Jamie Hopkins, executive director, buys 47,350 shares at an average price of 210.1 pence worth GBP99,482.35. Following this transaction Hopkins holds 54,756 shares.

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Lexington Gold Ltd - gold exploration and development company with projects in the US states of North and South Carolina - Completes the acquisition of White Rivers Exploration Proprietary Ltd, an exploration and development company with significant gold assets in South Africa. Lexington Gold is now the sole ultimate beneficial owner of WRE with a 26% interest to be issued to Lexington Gold's partners in due course which will serve to reduce firm's resultant interest in WRE to 76%. In talks with a well-known group in South Africa and will announce further details when this transfer of ownership has been completed. As part of acquisition, issues 36.1 million new shares to rise GBP2.24 million, representing 35% of the maximum Lexington Gold equity of up to GBP6.4 million to be paid as consideration under the WRE acquisition and loan agreements.

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Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes release by its portfolio company, Little Green Pharma Ltd. Results of study show medicinal cannabis significantly improves pain, quality of life & fatigue. Study was of 2,327 Australian patients.

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Yourgene Health PLC - Manchester, England-based molecular diagnostics group - Says at court sanction hearing today the court issued the court order sanctioning the scheme which facilitates the takeover by Novacyt SA. Confirms today will be last day of trading in Yourgene shares with trading suspended from September 8.

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Tintra PLC - builder of banking and infrastructure technology systems - Agrees in principle a possible cash offer by LRB 35 Ltd, an unquoted special purpose vehicle, currently controlled by its directors, Tariq Al Abdulla and Andrew Bascombe, but with backing from other existing non-management shareholders of Tintra, to acquire the company. Bid values each share in Tintra at 150 pence per share with a share exchange alternative. Board is minded to recommend the offer should a firm intention be made.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 Apr 2024 10:27

Lexington Gold completes drilling at South Carolina mining project

(Alliance News) - Lexington Gold Ltd on Tuesday said its gold, silver and copper exploration drill programme at its Jennings-Pioneer project in the US state of South Carolina has now been completed.

Read more
25 Mar 2024 17:31

EARNINGS AND TRADING: RTC back in profit but Goldplat earnings fall

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

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25 Mar 2024 15:41

Lexington Gold makes progress in US, South Africa

(Sharecast News) - Lexington Gold updated the market on its ongoing drill programmes at the Jennings-Pioneer project in the US and the Bothaville project in South Africa on Monday.

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11 Mar 2024 13:35

Lexington Gold inks deal with Logan Drilling for work in Carolina

(Alliance News) - Lexington Gold Ltd on Monday said that it has signed a contract with Logan Drilling Group to start this year's drilling programme at the Jennings-Pioneer project on the Carolina Slate Belt in the US.

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26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

(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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26 Feb 2024 15:47

UK shareholder meetings calendar - next 7 days

Tuesday 27 February 
abrdn Diversified Income & Growth PLCAGM
Asian Energy Impact Trust PLCGM re annual accounts
Custodian Property Income REIT PLCGM re merger with abrdn Property Income Trust Ltd
JPMorgan Mid Cap Investment Trust PLCGM 2nd re merger with JPMorgan Mid Cap
LondonMetric Property PLCGM re merger with LXi REIT Plc
Victorian Plumbing Group PLCAGM
Vinanz LtdAGM
Wednesday 28 February 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
Beacon Rise Holdings PLCEGM re continued pursuit of an acquisition
Downing Strategic Micro-Cap Investment Trust PLCGM re managed wind-down
Image Scan Holdings PLCAGM
PPHE Hotel Group LtdEGM re waiver of mandatory offer provisions
Verditek PLCGM re disposal of solar business
Thursday 29 February 
Capital for Colleagues PLCAGM
Home REIT PLCAGM
IntegraFin Holdings PLCAGM
Intuitive Investments Group PLCAGM
Shanta Gold LtdGM re acquisition by ETC Holdings
Vast Resources PLCGM re capital reorganisation
Watkin Jones PLCAGM
Zytronic PLCAGM
Friday 1 March 
Virgin Money UK PLCAGM
Monday 4 March 
Ascent Resources PLCGM re bonus issue of preference shares
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Lexington Gold LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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26 Feb 2024 14:12

Lexington Gold pleased with recent drilling at Bothaville

(Sharecast News) - Lexington Gold updated the market on its 2023-2024 drilling programme at the Bothaville Project in the Witwatersrand Gold Basin of South Africa on Monday, where it started drilling in early December, reporting significant milestones.

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30 Jan 2024 16:20

Lexington Gold reports drilling progress at Bothaville

(Sharecast News) - Lexington Gold updated the market on its 2023-2024 drilling programme at the Bothaville Project in South Africa's Witwatersrand Gold Basin on Tuesday.

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30 Jan 2024 14:20

TRADING UPDATES: Lexington completes Bothaville drilling phase

(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
8 Dec 2023 13:40

Lexington Gold launches Bothaville drilling programme

(Sharecast News) - South Africa and US-focussed explorer and developer Lexington Gold has initiated its 2023-2024 drilling program at the Bothaville Project in the Witwatersrand Gold Basin of South Africa, it announced on Friday.

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8 Dec 2023 12:17

IN BRIEF: Lexington Gold starts drilling programme at Bothaville

Lexington Gold Ltd - gold exploration and development company with projects in the US and South Africa - Says 2023/24 drilling programme at the Bothaville project in the Witwatersrand Gold Basin in South Africa. Campaign aims to confirm and expand the gold mineralisation area intersected in historic third-party drilling. Main exploration targets are the Kimberley Formation's gold-bearing conglomerates. Company expects drilling programme to take between two and three months, "in light of a scheduled Christmas shutdown period".

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27 Nov 2023 14:00

EARNINGS AND TRADING: Celebrus swings to profit; Aquila revenue flat

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

Read more
17 Oct 2023 14:25

IN BRIEF: Lexington Gold sells 26% of White Rivers to selected partner

Lexington Gold Ltd - gold exploration and development company with projects in the US states of North and South Carolina - Completes 'broad-based black economic empowerment' partnership arrangements for White Rivers Exploration Proprietary Ltd. As previously announced, says it was the sole owner of WRE for an interim period post-completion of the acquisition of WRE, pending a 26% interest being transferred to its selected B‑BBEE partner. Says it has now completed agreements with Letsema Holdings Proprietary Ltd as its B-BBEE partner, in accordance with South African mining law and its prospecting rights obligations. As a result, Lexington Gold now owns 74% of WRE. Letsema is a black South African owned, family office and diversified long-term investment holding company.

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4 Sep 2023 12:42

IN BRIEF: Lexington Gold shares fall as reports widened interim loss

Lexington Gold Ltd - gold exploration and development company with projects in the US states of North and South Carolina - Says the first half of the year was "particularly successful" as it reports a slightly widened loss. In the six months ended June 30, Lexington reports a pretax loss of USD402,000, widened from USD367,000 the year prior as its operating expenses tick up to USD397,000 from USD363,000. Says it spent the first half of 2023 assessing new gold exploration opportunities, as well as the advancement of its existing US projects. As at June 30, the company's assets total USD5.2 million, up from USD5.1 million as at December 31.

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