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TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

Wed, 08th Jun 2022 21:23

(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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Cambridge Cognition Holdings PLC - Cambridge-based assessment software provider - At its annual general meeting, 51% of voters voted against resolution seven, the disapplication of pre-emption rights. 9.8% of voters also vote against resolutions one and six, approving the 2021 reports and accounts and the authority to allot shares.

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Plaza Centers NV - Amsterdam-based property investor in India - Says that negotiations between the parties for a sale of Elbit Imaging Ltd's rights in the Bangalore property have not yet matured into a binding agreement. The dispute is between Elbit Plaza India Real Estate Holdings Ltd - a subsidiary held equally by the company and Elbit Imaging Ltd - and an unnamed local investor. Company says Elbit Imaging is preparing to open an arbitration proceeding in Singapore against the investor.

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Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Issues 28.3 million shares at a price of 0.38 pence per share, raising gross proceeds of GBP108,280, on Tuesday.

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Gem Diamonds Ltd - London-based diamond miner - At its annual general meeting, 41% of voters voted against resolution 14, the renewal of directors' authority to allot securities. 13% of voters also voted against resolution two to approve the directors' remuneration report. 9% of voters voted against resolution six, seven, and eleven which regarded the reelection of Harry Kenyon-Slaney, Michael Lynch-Bell, and Clifford Elphick.

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MetalNRG PLC - London-based investor in natural resources and energy - Provides an update on the legal proceeding taken against the company by former director Pierpaolo Rocco regarding his now-terminated employment with MetalNRG. Sheriff Philip Mann denied all applications made by Rocco in the Scottish Courts. Company says this ruling "effectively disposes" of Rocco's claims. Rocco has now brought a separate claim in the Scottish Employment Tribunal for wrongful and unfair dismissal. Company says it will vigorously defend this action when it is heard.

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Geiger Counter Ltd - Jersey-based investor in uranium exploration and production stocks - Issues 1.4 million shares for cash at a price of 55 pence per share. Company says the issue was in response to market demand.

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DP Eurasia NV - Amsterdam-based master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - At its annual general meeting, 34% of voters voted against resolution 14b, "reappointment of Mr P. Williams by the general meeting excluding the controlling shareholder". 9.1% of voters also voted against resolution 14a, the reappointment of Williams by the general meeting.

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Challenger Energy Group PLC - Isle of Man-based oil and gas company focused on the Caribbean and the Atlantic-margin - Notes the intention of Predator Oil & Gas Holdings PLC to initiate a litigation process regarding the Inniss-Trinity Well participation agreement between Predator and FRAM Exploration Trinidad Ltd. FRAM is a wholly-owned subsidiary of Challenger. FRAM denies owing any amount to Predator regarding the agreement. Company says FRAM will defend any legal proceedings.

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Phoenix Copper Ltd - London-based base and precious metals explorer focused on the US state of Idaho - Engages a syndicate of brokers to execute the placement of floating rate corporate bonds. The bonds are to finance the construction and development of the Empire Open Pit Copper Mine in Idaho, US. Company expects minimum gross raise of USD60 million. Chief Financial Officer Richard Wilkins says: "We have previously indicated that we intended to finance construction of the Empire Open Pit Mine with minimal or no dilution to existing shareholders, and we expect the bond placement to achieve this, as the bonds will be non-convertible. Furthermore, with repayment scheduled after 10 years, the bond placement should free up significant additional cash during the initial few years of the mine life, which would otherwise have been used to repay more traditional forms of mine finance."

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EP Global Opportunities Trust PLC - Edinburgh-based investment company investing predominantly in quoted equities - Transitions to a self-managed investment trust following approval from the UK financial conduct authority. Intends to change its name to Global Opportunities Trust PLC. Company also appoints Juniper Partners Ltd as company secretary and administrator. Company terminates a management agreement with AIFM Franklin Templeton Investment Trust Management Ltd and a depositary agreement with Northern Trust Global Services Ltd.

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Altona Rare Earths PLC - London-based mining exploration company focused on projects in Africa - Announces preliminary results from its phase two drilling programme at its Monte Muambe project in Mozambique. Says the programme is progressing with schedule, with a maiden resource statement by the first quarter of 2023 and a preliminary economic assessment by the second quarter of 2023. Results from the phase two exploration shows continuing improvement in grades and orebody dimensions. Company says Monte Muambe has the potential to become one of the highest-grade carbonatite rare earth elements projects in Africa.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Apr 2024 21:56

EARNINGS: Anglo-Eastern Plantations lifts dividend; profit falls

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

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9 Feb 2024 09:18

IN BRIEF: MetalNRG raises GBP220,000 via convertible loan notes issue

MetalNRG PLC - London-based natural resources and energy-focused investor - Raises GBP223,000 via issue of convertible loan notes carrying a 15% annual coupon and convertible upon the earlier of the company completing a reverse takeover or two years from today. Says the proceeds raised through the issue, alongside an additional unsecured short-term loan of GBP150,000, will be used to undertake specific due diligence work on projects identified as potential reverse takeover targets and for general corporate purposes.

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24 Jan 2024 17:41

TRADING UPDATES: MetalNRG's legal settlement; Impellam confirms payout

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

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16 Jan 2024 14:03

UPDATE: Eqtec forms joint venture with CompactGTL for sustainable fuel

(Alliance News) - Eqtec PLC on Tuesday said it has entered a joint venture agreement with CompactGTL Ltd for renewable synthetic fuels.

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16 Jan 2024 10:55

Eqtec shares soar as MetalNRG hails loan drawdown for Italy plant

(Alliance News) - MetalNRG PLC on Tuesday congratulated Eqtec PLC as the latter celebrated the pending drawdown of a loan to finance its plant in Tuscany.

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

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29 Sep 2023 14:19

EARNINGS AND TRADING: Barkby revenue dips; Ixico hurt by trial delays

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

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29 Sep 2023 11:22

SMALL-CAP WINNERS & LOSERS: Hydrogen Utopia up as taps cannabis market

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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4 Sep 2023 11:28

MetalNRG eyes reverse takeover amid focus on mining; gets Italy loan

(Alliance News) - MetalNRG PLC on Monday said it has decided to focus on mining gold and copper, alongside other precious and strategic metals required for energy transition and new technology.

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14 Aug 2023 10:14

IN BRIEF: MetalNRG notes Lake Victoria Gold's sale of Imwelo project

MetalNRG PLC - London-headquartered investor in natural resources and energy - Notes Victoria Gold Ltd's proposed sale of its Imwelo Gold project to Vancouver-based mineral exploration company, Tembo Gold Corp under a licence purchase agreement. MetalNRG owns a minority equity interest in the Milton, Australia-based gold and mineral exploration company, Lake Victoria Gold. Says Tembo Gold will acquire Imwelo through its subsidiary Tembo Gold Tanzania Ltd. Says the offer is subject to "a number of conditions." Tembo Gold is a Vancouver-based mineral exploration company with a focus on Tanzania.

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21 Jul 2023 15:38

UK shareholder meetings calendar - next 7 days

Monday 24 July 
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Cranswick PLCAGM
discoverIE Group PLCAGM
MobilityOne LtdAGM
Plus500 LtdEGM to authorise share re-purchase
TClarke PLCGM re necessary resolutions to shareholders for placing of new ordinary shares
WANdisco PLCGM re increase of share capital
Tuesday 25 July 
ADM Energy PLCAGM
Atome Energy PLCAGM
B&M European Value Retail SAAGM
GlobalData PLCGM re capital reorganisation
JZ Capital Partners LtdAGM
MITIE Group PLCAGM
Molecular Energies PLCAGM
Polymetal International PLCAGM
Safestay PLCAGM
Verditek PLCAGM
Vodafone Group PLCAGM
Wednesday 26 July 
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Blackstone Loan Financing LtdAGM
BP Marsh & Partners PLCAGM
Eurasia Mining PLCAGM
Molten VenturesAGM
Motorpoint Group PLCAGM
NewRiver REIT PLCAGM
Ninety One PLC and LtdAGM
Norcros PLCAGM
Oracle Power PLCAGM
Palace Capital PLCAGM
ProBiotix Health PLCAGM
Seeen PLCAGM
Silverwood Brands PLCAGM
Triad Group PLCAGM
Water Intelligence PLCAGM
Zephyr Energy PLCAGM
Thursday 27 July 
Foresight Group Holdings LtdAGM
Marks Electrical Group PLCAGM
Silver Bullet Data Services Group PLCAGM
Friday 28 July 
African Pioneer PLCAGM
Bezant Resources PLCAGM
Braveheart Investment Group PLCAGM
Cordiant Digital Infrastructure LtdAGM
DP Poland PLCAGM
Intuitive Investments Group PLCGM re proposals on investment strategy
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Mercantile Ports & Logistics LtdAGM
MetalNRG PLCAGM
Northern 2 VCT PLCGM re party transaction
Polymetal International PLCGM re delisting
R&Q Insurance Holdings LtdAGM
Science in Sport PLCAGM
Urban Logistics REIT PLCAGM
Xtract Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Jul 2023 10:53

MetalNRG loss widens amid legal troubles and operational optimism

(Alliance News) - MetalNRG PLC on Monday said its pretax loss increased last year alongside "time consuming" legal issues which it said were "a drain on [our] finances," but also reported operational successes during the same period.

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23 Jun 2023 12:11

IN BRIEF: MetalNRG says EQTEC Italy JV completes handover protocols

MetalNRG PLC - investor in natural resources and energy - Confirms EQTEC Italia, its Italy-based waste-to-energy plant joint investment with London-based technology firm EQTEC PLC and two family offices, has completed handover protocols to EQTEC Italia and is transferring plant operations to EQTEC Italia MDC srl.

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5 May 2023 14:41

TRADING UPDATES: Alternative Income quarterly net asset value drops

(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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3 May 2023 12:40

IN BRIEF: MetalNRG receives GBP500,000 from court settlement

MetalNRG PLC - investor in natural resources and energy - Receives GBP545,000 from a court settlement, due back from BritNRG Ltd and Brit Energy Holdings LLP. In February, BritNRG and Brit Energy were ordered to pay GBP1.0 million in pay and damages to MetalNRG.

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