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TRADING UPDATES: Mirada extends loan; Atlantic Lithium joins ASX

Mon, 26th Sep 2022 16:55

(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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Mirada PLC - Surrey, England-based broadcasting technology firm - Extends maturity date of its loan facility with Leasa Spain SLU to November 30, 2023. New contract with Mirada replaces the previous contract between the company's subsidiary, Mirada Iberia SAU, and Leasa. In 2019, the subsidiary agreed a EUR1.3 million revolving credit facility with the lender, which was set to expire on November 30, 2021. This was then extended by one year to November 30, 2022, and to EUR3.0 million. All other terms of the unsecured facility remain unchanged, the company says.

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Woodbois Ltd - London-headquartered African-focused timber producer - Issues 60.0 million new voting shares following conversion of 60.0 million non-voting shares.

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Atlantic Lithium Ltd - lithium asset developer and producer focused in West Africa - Begins trading on the Australian Securities Exchange under the ticker 'A11'. Says its offer to buy up to 22.9 million shares in the company at a price of AUD0.58 each, which was open to eligible investors in Australia, New Zealand, Hong Kong and Singapore, was fully subscribed. Adds that trading on ASX will have no impact on it trading on London's AIM. "We believe that trading on the ASX will extend the company's shareholder base, enable wider trading and offer greater liquidity for Atlantic Lithium shares," Chair Neil Herbert says.

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S4 Capital PLC - London-based advertising agency - Cancels C ordinary shares in issue, following court order approving reduction of capital being registered with Companies House on Tuesday last week.

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Horizonte Minerals PLC - nickel company focused on Brazil - Brazilian Federal Government approves Horizonte's 100% owned Araguaia Nickel Project as a strategic minerals project. Says this approval will mean that the project is treated on a priority basis by various government agencies engaged in the construction and operation of the mine. "The selection of the Araguaia Nickel Project as a Strategic Minerals Project further demonstrates the global importance of nickel as a critical metal of the future as well as the project's strategic importance to Brazil," says Chief Executive Jeremy Martin.

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Insig AI PLC - London-based data science and machine learning - Draws down further GBP310,000 from convertible loan facility agreements with Chair Richard Bernstein and long-term shareholder David Kyte.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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