(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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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Increases existing revolving credit facility jointly provided by Lloyds Bank PLC and NatWest Bank PLC. The RCF will increase to GBP160 million from GBP130 million. Has also simultaneously extended the RCF's initially agreed four-year term by a year to December 2023. The term of the RCF may be extended by a further year, to December 2024.
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Tristel PLC - AIM-listed manufacturer of infection prevention and contamination control products - Expects first half pretax profit to increase by 10% year on year and be no less than GBP3.3 million compared to GBP3 million for the same period last year.Also expect first half revenue to increase by 10%. All sales growth has been organic, company says. Tristel adds: "Whilst we have continued to win many new customers around the world for our medical device decontamination products, first quarter sales were lower than budgeted due to the deferral of patient procedures resulting from Covid-19 restrictions. However, from October to date we have experienced a substantial recovery in demand. A contributory factor has been NHS purchasing in preparation for Brexit and we have seen continued significant growth in our newer markets of France, Belgium, Netherlands, Italy, and Malaysia."
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Trans-Siberian Gold PLC - Russian gold ore mining company - Says 40,297 ounces of gold dore produced in the 11 months ended November 30. Ups production guidance for 2020 to between 44,000 and 45,000 ounces of gold dore, which firm says, would be record.
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Sensyne Health PLC - clinical AI technology company - Launches GDm-Health, its remote monitoring solution for diabetes in pregnancy, in the US with immediate effect. "Sensyne's sales and marketing partner for the US, Cognizant, is now offering the solution to US health systems and health plans via its sales force. Virtual care services powered by GDm-Health will qualify for reimbursement under remote patient monitoring codes introduced by the Centers for Medicare and Medicaid Services in 2020," company says.
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Oncimmune Holdings PLC - immunodiagnostics firm - Notes publication of study, supported by the Oncimmune's ImmunoINSIGHTS team, which analysed autoantibodies in patients with newly diagnosed Rheumatoid Arthritis who were treated with either Tocilizumab or Methotrexate monotherapy. "This work significantly expanded the biomarkers commonly measured in RA patients to develop a detailed picture of the immune response to the disease and its treatment," company says. The aim of the study was to develop a set or panel of predictive biomarkers to identify an early response in RA patients to Methotrexate or Tocilizumab, Roche Holding AG's interleukin-6 receptor inhibitor.
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European Metals Holdings Ltd - mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Starts trading on the NASDAQ International Program which is run by the Nasdaq International Securities Exchange, following increased US-based interest in its Cinovec project. "The company can now leverage significantly heightened visibility in the US investment community and greater resources for investor relations support," company adds.
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Instem PLC - provider of IT solutions to the global life sciences market - Wins new business worth about GBP2.2 million from one of its key clients, incorporating additional software licensing, annual support and funded product development revenue streams. "This further strengthens this long-standing relationship, the value we bring to one another and the resulting benefits to the wider life sciences research and development market," company says. About 35% of the total order value will be recognised in 2020, with the remainder being recognised in 2021. Furthermore, annual recurring revenue generated by the client is expected to increase by approximately GBP500,000.
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RA International Group PLC - facilities support services company - Expects second half of 2020 revenue to be at least USD28.0 million and gross profit margin consistent with 29.1% seen in first half. This reflects positive contract momentum during the period supporting a growing order book into 2021, company says. "Current order book of USD187 million highlights the positive contract momentum which has been a feature of 2020, particularly in the second half of the year," RA adds. Chief Executive Soraya Narfeldt says: "We exit 2020 encouraged by our financial performance during the year, our contract momentum and growing order book. Reported revenue for the second half of 2020 will be lower than the first half, which we expected in an environment where the Covid-19 pandemic has continued to present varied challenges for us and our customers. Looking ahead, we expect Covid-19 uncertainty to continue to influence customer decision-making, and this may affect the timing of commencement of new projects."
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IronRidge Resources Ltd - Australia-based minerals exploration company - Says additional drilling results from the ongoing third phase drilling programme at the Ehuasso target, within the Zaranou gold project area confirm mineralisation continuity over 1.7 kilometres strike along the Ehuasso main target at 80 metre drill section spacing, with mineralisation open at depth. High-grade and broad low-grade drill intersections reported at depth, including 8 metres at 3.11 grammes per tonne from 208 metres, 23 metres at 1.33 grammes per tonne from 192 metres, 12 metres at 1.91 grammes per tonne from 188 metres and 28 metres at 0.59 grammes per tonne from 144 metres, confirming continuity of mineralisation at depth. Drilling will continue up to the Christmas shut down period between December 24 to January 4, after which drilling will resume to the completion of the planned programme in early Q1 2021.
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Power Metal Resources PLC - metal exploration and development company - Starts programme of geophysics at Kisinka copper-cobalt project in Democratic Republic of Congo under the supervision of Minerals Exploration Associates SARL. Programme is to be focussed on the central and southern anomalies and the open area south-east of the southern anomaly. Chief Executive Pail Johnson says: "This work is an important follow up to the geochemical work conducted over the last two years and will help us tie the laboratory results and the identified anomalies to the underlying lithologies and structure of the area."
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Arc Minerals Ltd - exploration company focussed on exploring for copper and cobalt in Africa - Completes proof of concept study, for which conceptual mining, extraction and processing methods were examined for the Cheyeza East and Kalaba deposits in Northwest Zambia. Says study shows both Cheyeza East and Kalaba deposits are technically feasible and economically viable, thereby supporting the company's decision to advance the formal technical studies to target completion of a scoping study during the first half of 2021. Executive Chair Nick von Schirnding adds: "This is a major and very exciting development for us and is the result of a significant amount of work completed over the past year. Detailed metallurgical testwork and financial studies project a highly attractive return on investment for Zamsort with annual free cash generation per annum of around USD15 million to USD20 million at conservative copper prices, which would be used to progress further drilling and return capital to Arc Minerals." Separately notes half-year results will be delayed, will be issued no later than January 31.
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Contango Holdings PLC - natural resource development company focused on Zimbabwe and Mali - Completes independent technical report on Garalo gold project in Mali. Potential gold resource of 1.8 million ounces at average grade of 1 gramme per tonne. Executive Director Carl Esprey says: "Garalo was acquired with the intention of bringing into production a small but highly profitable gold mine. The publication of this report, which included both reinterpretation of historic data as well as information not previously incorporated in the historic 320,000-ounce figure, has made it clear that Garalo is significantly larger than first envisaged, with the potential to be a sizeable, multi-million-ounce standalone mine, rivalling some of our neighbours in this world class gold producing region."
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Blue Star Capital PLC - investment company with a focus on esports, payments, technology and its applications within media and gaming - Says investee SatoshiPay has announced that, in respect of DTransfer, it has signed an agreement with German Bankhaus von der Heydt to become the first user of the bank's fully compliant euro-backed stablecoin. BDVH, in partnership with Bitbond, has introduced EURB on the Stellar network. SatoshiPay intends to integrate EURB into its cross-border money transfer service. Blue Star currently has a 28% interest in SatoshiPay's share capital.
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Lansdowne Oil & Gas PLC - Dublin-headquartered oil and gas exploration company - Enters into agreements with LC Capital Master Fund to extend the payment date of its outstanding loan of GBP1.2 million currently due for repayment on December 31. The company will repay GBP175,000 of the outstanding loan amount with immediate effect; then payment of the remaining GBP980,000 will be extended to December 2021. As part of extension, Lansdowne to award LC Capital 26 million warrants to subscribe for new shares at 1.2 pence per share.
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Serinus Energy PLC - oil company with operations in Romania and Tunisia - Shareholders approves recapitalisation, which will leave it debt-free and able to pursue its pipeline of identified, near-term opportunities within its existing portfolio of assets. Will admit 728.8 million shares and 59.1 million subscription shares on Thursday.
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Oriole Resources PLC - AIM-listed exploration company, operating in Africa and Europe - Recent mapping and selective rock-chip sampling to the south west of the main Bakassi area at Bibemi project in Cameroon has identified two new prospects, Lawa West and Lawa East, which have returned results of up to 11.68 grammes per tonne gold and 22.38 grammes per tonne gold respectively. The results have extended the known gold system at Bibemi by three kilometres to 8.3km and mineralisation remains open to the south west. The company plans to test the new prospects with eight drill holes and, together with further three holes at Bakassi Zone 1, the planned maiden diamond drilling programme now stands at 28 holes for 3,080 metres.
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By Paul McGowan; paulmcgowan@alliancenews.com
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