(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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Aberdeen Standard European Logistics Income PLC - European-focused logistics real estate investor - Posts net asset value peer share at March 31 of 121.6 euro cents, up from 120.1 cents at December 31. Declares first interim dividend of 1.41 cents per share. Portfolio valuation up 1.6% to EUR437.1 million from EUR430.2 million.
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Accsys Technologies PLC - wood building products manufacturer - Says it has received valid acceptances under the open offer, announced early May, and the excess application facility significantly in excess of the 2.4 million new shares available. Says the gross proceeds of the open offer will be approximately EUR4 million, and the aggregate gross proceeds of the placing and the open offer will be around EUR37 million.
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HSBC Holdings PLC - Asia-focused bank - Issues USD2.00 billion fixed rate senior unsecured notes at a coupon of 0.976% and due 2025. Issues USD3.00 billion 2.804% fixed rate senior unsecured notes due 2032.
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Chariot Oil & Gas Ltd - Africa-focused transition energy company - Proposes placing, subscription and open offer to raise USD23 million for in aggregate up to an estimated 297.0 million new shares. Magna Capital LDA agreed to underwrite up to USD7.9 million of the fundraising. Says the proceeds will be used to drill an appraisal well at Anchois gas development offshore Morocco to confirm the discovery; progress work programme on the acreage surrounding the Anchois gas discovery; as well as fund other power projects.
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Cora Gold Ltd - West Africa-focused gold explorer - Announces third set of drill results at its Sanankoro gold project in southern Mali. Says it plans to drill up to 35,000 meters by the end of July, with a dual focus on "targeting resource growth as well as infill drilling to convert existing inferred resources to measured and indicated resources". "Following on from the first two sets of drill results, it is extremely pleasing to be reporting further strong results from Sanankoro, including 19m at [4 grams per tonne of gold from 13m] depth - our best hole of the campaign to date in more shallow oxides. These results are also in areas of limited historical drilling, offering further significant encouragement," says CEO Bert Monro.
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Energean PLC - London-based company, with operations in the eastern Mediterranean and North Sea - Notes shareholder dissent at AGM, where 23% of shareholders voted against the company's remuneration report and 25% voted against its remuneration policy.
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Kanabo Group PLC - London-based medicinal cannabis firm that listed in February - Says it has raised GBP1 million via the placing of 4.5 million shares at 22 pence per share "with a range of new and existing investors". The placing price represents a 10% premium to the closing mid-price of the company's shares on Thursday last week. Inks a memorandum of understanding to evaluate a potential off-take agreement with Hellenic Dynamics SA, a medical cannabis cultivation company. "Under the terms of the MoU, it is envisaged that Kanabo will purchase up to 1000 kilograms per year [of] certified cannabis flowers with pre-defined THC or CBD contents, subject to certain regulatory approvals, for subsequent extraction of medical standard oils," says company.
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Oracle Power PLC - Cambridge-based coal miner - Announces the granting of exploration tenement E53/2140 which contains the Jundee East gold project, located in the Eastern Goldfields region of Western Australia. "The granting of the Jundee East exploration tenement, located only 7 kilometers due east of one of Australia's largest gold mines, is a great milestone that allows drilling to commence once final targeting programmes have been completed. The initial orientation soil geochemistry programme results are expected in the coming weeks, and this information will be integrated with the recent gravity survey over the prime targets previously reported. Oracle is optimistic that these two programmes will provide valuable information to understand the scale of targets identified within the Project area in preparation for drill targeting," says Oracle.
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Power Metal Resources PLC - metals exploration and development in Africa, US and Canada - Says the company and the vendors are "making good progress with the work to finalise the transaction". The transaction includes the acquisition of a 100% interest in First Development Resources Pty Ltd, an Australian private company, and will include FDR Australia's five exploration licence interests. The vendors include shareholders of FDR Australia and various third parties with interests in the exploration properties. As part of the transaction FDR Australia is to be acquired outright by a new UK private company in which Power Metal is to hold a 75% initial interest and the vendors a 25% initial interest. "Power Metal is working with the Vendors to identify the most expeditious route to complete the Transaction and to then implement the planned listing of [the new company] on the UK capital markets," says Power Metal.
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Phoenix Copper Ltd - US-focused base and precious metal emerging producer and exploration company - Announces earn-in agreement with First Cobalt Idaho, the wholly owned subsidiary of Toronto-based First Cobalt Corp for its Redcastle cobalt property in Idaho. First Cobalt will pay USD50,000 and issue 200,000 unrestricted shares to Phoenix. First Cobalt can earn a 51% interest in Borah Resources Inc, the company's 100% owned subsidiary and owner of the Redcastle property, by spending no less than USD1.5 million in exploration and related work on Redcastle over an initial three year period, the company says. "The capital cost savings to Phoenix are likely to be considerable, given that the Redcastle ore will be mined and processed as an extension to First Cobalt's Iron Creek mine. In addition to this local infrastructure, First Cobalt also owns the only cobalt refinery in North America, located in Ontario, Canada. This refinery will receive cobalt from the Idaho operations, saving Phoenix additional costs which would be incurred in developing or sourcing refining capacity," says company.
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Predator Oil & Gas Holdings PLC - Jersey-based oil & gas company with operations in Trinidad, Morocco and Ireland - Says Predator Gas Ventures Morocco branch has awarded the contract for the construction of the MOU-1 well pad platform and the improvement and extension of up to 5 kilometres of access roads to Moroccan company Skayavers Sarl. Civil works are to start immediately to facilitate the commencement of drilling activities next month. "The preparation of the MOU-1 drilling location is an important milestone paving the way for the drilling operations to start during June," company says.
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RTC Group PLC - London-based recruitment company - Makes offer to all employees who hold vested share options and offered to cancel them for a one-off cash consideration of 46.5p per share, being the mid-market closing price per RTC share on Friday. Intends to make market purchases of up to 2.2 million shares.
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SolGold PLC - Australian gold & copper mining company - Notes drilling results from Tandayama-America porphyry copper-gold target at its Cascabel project in Chile. Says the drilling has intersected "significant copper and gold mineralisation, including numerous intercepts" of over 100% copper equivalent. Says assay results from drill holes 8-10 are pending and drilling of holes 9 and 10 is currently underway.
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Pembridge Resources PLC - London-based mining company - Says investee Minto Explorations Ltd, which operates the Minto mine in Yukon, Canada, has approved an exploration drilling programme aiming to explore undeveloped parts of the Minto Claims licensed area that, based on past geophysic surveys and geochemistry, are highly prospective. "We look forward to seeing the results, which I expect will indicate further opportunity to extend the life of the mine," says company.
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Salt Lake Potash Ltd - Western Australia-focused organic sulphate of potash miner - Says it has received binding commitments for a successful share placement to institutional shareholders and investors raising AUD28.0 million, around USD21.7 million. Says proceeds will be used for general operating expenses during the ramp up of the Lake Way project in Australia. Says the placement is a key condition to enable the Company to undertake the final USD33 million drawdown from lender Sequoia.
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Sensyne Health PLC - Oxford, England-based clinical technology using artificial intelligence - Signs a strategic research agreement in the US with Colorado Center for Personalized Medicine, a partnership between non-profit health system UCHealth and the University of Colorado Anschutz Medical Campus. Says the agreement will enable the ethical application of clinical AI research to improve patient care and accelerate medical research. "This agreement with Colorado Center for Personalized Medicine, covering both genomic and electronic health record data, will enable us to undertake research aimed at a deeper understanding of disease, and to accelerate the development of novel medicines in collaboration with our pharmaceutical partners. I'm delighted to be working with CCPM and excited about the capability that our growing international data collaborative now offers to the global life sciences research community," says Chief Executive Paul Drayson.
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Velocity Composites PLC - AIM-listed kitting solutions and material management services provider - Says its full-year performance, which is set to end on October 31, remains suppressed due to the impact of Covid-19. Says there is a possibility that the second half will be better year-on-year. Expects sales in the six months to end April of GBP4.4 million, down sharply from GBP9.5 million a year before. Expects and adjusted loss before interest, taxes, depreciation and amortisation of GBP500,00, widening from GBP300,000.
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Westmount Energy Ltd - invests in companies which operate in oil & gas related industries - Notes announcement by Ratio Petroleum Energy Ltd that Hess Corp has increased its working interest in the Kaieteur Block, offshore Guyana, from 15% to 20%. This increase in Hess Corp was made via the farm-down of a 5% working interest Cataleya Energy Ltd. Westmount holds approximately 5.3% of the issued share capital of Cataleya Energy Corp, the parent company of CEL and around 0.04% of the issued share capital of Ratio Petroleum.
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Wey Education PLC - London-based online educational services firm - Says court has sanctioned the acquisition of Wey Education by Inspired Education Online Ltd. Wey Education has applied to the London Stock Exchange for the cancellation of admission to trading of Wey Education shares on AIM, expected to come into effect on Wednesday.
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Zegona Communications PLC - acquires businesses in European telecommunications, media and technology sector - Announces intention to return GBP335 million to its shareholders in cash via a capital return following receipt of the proceeds from the acquisition of Euskaltel SA by MasMovil Ibercom SAU. This represents a value of GBP1.53 per Zegona share. "Zegona is committed to returning as much of the proceeds from the sale of Euskaltel as soon as reasonably possible, while leaving the business in a position to source its next investment opportunity," says Zegona.
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By Greg Roxburgh; gregroxburgh@alliancenews.com
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