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TRADING UPDATES: Journeo extends contract; Biome completes fundraise

Tue, 18th Apr 2023 14:20

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

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Journeo PLC - Leicestershire, England-based transport system services provider - Reports one-year extension to its framework agreement with Arriva UK Bus. The agreement was initially entered into in 2019 and extended in 2021. This new framework contract extension will continue to April 2024 and is expected to generate about GBP1.1 million in revenue. Says Arriva UK Bus has a fleet of approximately 5,000 buses and is the UK's third largest bus operator outside of London, with over 15% market share. Under the agreement, Journeo will provide CCTV systems and engineering support, along with technical design, new technology evaluation and project management services for new and legacy vehicles. Expects the "majority" of revenue to be recognised in this financial year. Chief Executive Officer Russ Singleton says: "We have been working with Arriva UK bus since 2010 and are delighted to continue this long-standing relationship through this framework contract extension."

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Biome Technologies PLC - Southampton-based bioplastics and radio frequency technology company - Completes convertible loan note fundraising. In March, Biome said it had conditionally raised GBP850,000 by way of a convertible loan note fundraise. It said it included two tranches: the first tranche of GBP300,000 and second tranche of GBP550,000. "It is intended that the aggregate net proceeds of the convertible loan note fundraise will be used to support the growth of the group's Bioplastics and RF Technologies divisions towards a position of group operating cash flow sustainability over time," the company said, in March.

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Totally PLC - UK and Ireland-focused provider of frontline healthcare services, corporate fitness and wellbeing services - To be included on a key framework agreement with NHS Wales for the delivery of insourcing services in the region. Says the framework agreement runs for four years from April 2023 with an option to extend for up to a further four years, subject to Welsh government approval. Explains that the agreement will help reduce waiting lists. At December 2022, waiting lists in Wales stood at a record 735,000 open patient pathways. "The framework agreement enables the rapid procurement of support to assist authorities with meeting their 'Referral to Treatment' targets as well as providing support where capacity is not available to meet service demand," Totally says.

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Oriole Resources PLC - London-based gold exploration company, focused on an early stage exploration project in Cameroon and the more advanced Senala gold project in Senegal - Receives a GBP157,000 tax rebate from HMRC in relation to a research & development tax relief claim for geoscientific advances sought by the company through its exploration programmes. The claim is for the year ended December 2022. "The successful claim demonstrates that the company qualified for the R&D tax relief by performing research work on potential areas of mineralisation in order to build the geological data necessary to assess the economic feasibility of future mining operations in those areas," the company says.

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Spectral MD Holdings Ltd - Dallas, Texas-based predictive analytics company focused on algorithms and technology that allow for fast and more accurate treatment decisions - Receives a USD4 million award from the Medical Technology Enterprise Consortium. The MTEC is a biomedical consortium collaborating with the US Army Medical Material Development Activity. Says this award will provide non-dilutive funding to support military battlefield burn evaluation via a handheld DeepView. "We are honored to receive this award to support the military with the continued development of our DeepView technology, taking overall non-dilutive government funding commitments received to nearly USD130 million," says CEO Wensheng Fan. "This funding will further Spectral MD's innovation within the burn indication and support the continued development of our handheld digital burn assessment tool."

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N4 Pharma PLC - Derby, England-based pharmaceutical company focused on developing Nuvec, a delivery system for vaccines and cancer treatments - Says it has completed the single loading of both the EGFR and BCL-2 siRNA nucleotides onto Nuvec and has produced good monodisperse formulations at all doses to be investigated. Adds that the single loaded EGFR siRNA has shown strong silencing of the EGFR gene with a good dose response curve established which has allowed the Company to identify the dose it can take into the single loaded EGFR in vivo study. CEO Nigel Theobald says: "We are very pleased with the EGFR results which show excellent knockdown of the siRNA along with a very clear dose response curve and believe this shows how well suited Nuvec is for working with siRNA."

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Smarttech247 Group PLC - managed detection & response company - Partners with Focepoint for newly released Managed Security Service Provider Program. The program is centred on Forcepoint ONE SSE cloud-native and Forcepoint enterprise data security solutions. "Smarttech247's hosted and managed services centred on Forcepoint ONE SSE cloud-native and Forcepoint enterprise data security solutions allow today's enterprises to manage risk holistically and simplify security operations. This is a potential game-changer when adversaries are constantly finding new ways to steal confidential data," says CEO Raluca Saceanu.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
19 Feb 2024 14:33

IN BRIEF: Oriole Resources: AGEM completes six-year Senala earn-in

Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Says that AGEM Senegal Exploration Suarl has completed its six-year earn-in period at the company's Senala gold joint venture. AGEM is a wholly owned subsidiary of Managem Group, a Casablanca, Morocco-based mining company. Managem took control of Senala in April 2023, after acquiring AGEM. Oriole's interest in the project is held through its 85% interest in Stratex-EMC Sarl, a holding vehicle for the Senala exploration licence. Managem confirmed that, since the 2018 option agreement was signed, AGEM has spent around USD5.8 million on the Senala project. As a result, AGEM's ownership of the Senegalian venture is estimated to be around 59%.

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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:

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22 Jan 2024 10:34

Oriole shares skyrocket as strong results delivered at Mbe project

(Alliance News) - Oriole Resources PLC on Monday said sampling results at its 90%-owned Mbe orogenic gold project in Cameroon has revealed "very strong results", and that BCM International Ltd has now confirmed it has completed its due-diligence review at the project.

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22 Jan 2024 10:07

AIM WINNERS & LOSERS: Oriole receives samples from Mbe project

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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19 Jan 2024 10:56

Oriole Resources up after inking earn-in for Cameroonian Mbe licence

(Alliance News) - Oriole Resources PLC on Friday confirmed a second earn-in at its licences in north Cameroon.

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15 Jan 2024 12:09

IN BRIEF: Oriole Resources jumps on new MRE for Bakassi zone 1

Oriole Resources PLC - west Africa-focused gold exploration company - Notes updated inferred mineral resource estimate for Bakassi zone 1 at its 82.2%-owned Bibemi orogenic gold project in Cameroon. Says MRE is 375,000 Troy oz gold grading 2.30 grams per tonne. Chief Executive Officer Tim Livesey comments: "We have been pleased to see the maiden resource support this pit expansion and deliver not only additional tonnes, but also at a higher grade. As we progress toward our fifth phase of drilling at Bibemi, with our partners BCM, we look forward to further expansion of the Bakassi zone 1 resource. We are also keen to test and define the potential at the other three prospect areas. This project is shaping up to be very robust and offers the opportunity for early development of a potential multi-pit gold mining operation."

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8 Jan 2024 10:57

Oriole shares jump after receiving signature Bibemi payment from BCM

(Alliance News) - Oriole Resources PLC on Monday confirmed the receipt of an earn-in payment from BCM International Ltd related to the Cameroonian Bibemi project.

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5 Jan 2024 10:00

AIM WINNERS & LOSERS: Revolution Bars plans to close eight bars

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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5 Jan 2024 09:33

Oriole signs first of two earn-ins with BCM for Bibemi gold project

(Alliance News) - Oriole Resources PLC on Friday signed an earn-in agreement with BCM International Ltd related to the Cameroonian Bibemi gold project.

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5 Jan 2024 07:31

Oriole Resources inks earn-in deal with BCM International

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced the signing of a definitive earn-in agreement with BCM International for the Bibemi gold project in Cameroon on Friday.

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4 Jan 2024 07:00

CORRECT (Jan 02): Oriole says Cameroon earn-in deals to be sealed soon

(Correcting to clarify Managem Group bought into the Senala project in Senegal after acquiring AGEM Senegal Exploration Suarl.)

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2 Jan 2024 14:47

Oriole says earn-in deals at Cameroon projects to be completed soon

(Alliance News) - Oriole Resources PLC on Tuesday said that earn-in agreements for two of its Cameroon gold projects will be sealed later this month, and elsewhere, it is considering the future of an asset in Senegal.

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20 Nov 2023 11:43

Oriole shares take wing on deals to speed up work on Cameroon projects

(Alliance News) - Oriole Resources PLC on Monday announced new heads of terms for earn-in agreements with a "well-respected" Ghanaian contractor to fast-track work on its Mbe and Bibemi projects in Cameroon.

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20 Nov 2023 10:55

AIM WINNERS & LOSERS: Oriole inks earn-in deals; Velocys sinks

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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29 Sep 2023 21:19

EARNINGS: Tan Delta revenue jumps; Kendrick Resources loss widens

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

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