PFP.L Share News (PFP)

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

IN BRIEF: Pathfinder raises GBP4 million to relist as Rome Resources

Pathfinder Minerals PLC - London-based AIM cash shell - Raises GBP4.0 million in placing of 1.33 billion shares at 0.30 pence per share as part of its reverse takeover of Rome Resources Ltd. The placing is run by Allenby Capital Ltd, Pathfinder's nominated adviser and joint broker, alongside Oak Securities. Pathfinder calls a general meeting of shareholders for July 25 to approve the deal, which will see the company relist on AIM as Rome Resources PLC the day after. Pathfinder shares are currently suspended from trading.

TRADING UPDATES: Northamber buys Renaissance Contingency

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

UK shareholder meetings calendar - next 7 days

IN BRIEF: Pathfinder Minerals makes funding progress as eyes Rome deal

Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Provides update on its proposed acquisition of Rome Resources Ltd. Says OAK Securities will provide advance funding of up to GBP100,000. In return, Oak will receive equity in the enlarged group. Pathfinder intends to provide Rome Resources with CAD100,000 loan as part of existing agreement. Further, OAK says it has additionally confirmed to Pathfinder that indications of interest have been received from institutions in excess of GBP4.0 million in relation to the fundraise contemplated alongside the proposed transaction. Pathfinder currently expects to publish an AIM admission document by the end of June.

TRADING UPDATES: Ingenta trades in line; Triple Point Social NAV up

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

EARNINGS AND TRADING: itim loss narrows; Vela trims EnSilica stake

(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:

TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

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

TRADING UPDATES: Windward extends LSEG pact; Vinanz eyes DTC trading

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

IN BRIEF: Pathfinder Minerals waives minimum deferred payment for IMM

Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Agrees to new deferred consideration payment terms for the sale of IM Minerals Ltd. The sale of IM Minerals to Acumen Advisory Group LLC back in July included the right to bring a claim against the Mozambique government for the expropriation of a Pathfinder mining concession. As a contingent payment, AAG was to pay Pathfinder the greater of USD30 million or 25% of the amount received for the claim. However, AAG informed Pathfinder it "contemplated not complying" with the terms. To avoid possible default, Pathfinder agrees that the payment will be based solely on a sliding scale of 22.5% to 40% of the amount received from the claim. It notes the new agreement gives AAG more incentive to pursue the claim.

IN BRIEF: Pathfinder Minerals raises GBP1.3 million via subscription

Pathfinder Minerals PLC - AIM cash shell seeking reverse takeover - Raises GBP1.3 million by way of a subscription through the issue of 425.0 million new ordinary shares at 0.30 pence per share. Says it has made an application for the shares to be admitted to trading on AIM, and admission is expected to occur on or around December 27.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Pathfinder Minerals sets reverse takeover of DR Congo miner

Pathfinder Minerals PLC - AIM cash shell seeking reverse takeover - Agrees to buy Rome Resources Ltd in a reverse takeover that involves an equity raise and relisting on AIM in London. Pathfinder raises GBP1.3 million from a subscription to 425.0 million new shares at 0.30 pence per share. Each two new shares come with a warrant that can be used to buy another new share at 0.45p within the next two years. Its shares are suspended from trading on AIM on Wednesday due to the reverse takeover. They last traded at 0.28p on Tuesday. Pathfinder will use the funds raised to give Rome Resources an unsecured loan of CAD2.5 million, about GBP1.5 million. Rome Resources is listed on the TSX Venture Exchange in Toronto, where it has a market capitalisation of CAD20.8 million, about GBP12.1 million.

Yourgene, Pathfinder, Spectral MD and Finncap to be deleted on AIM

(Alliance News) - FTSE Russell on Friday announced a number of deletion changes in the FTSE UK Index series.