The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSan Leon Share News (SLE)

  • This share is currently suspended. It was suspended at a price of 16.14

Share Price Information for San Leon (SLE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 16.14
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 16.14
SLE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise

Tue, 16th Mar 2021 20:40

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

----------

Capital Ltd - Africa-focused mining services firm - Inks two new long-term three year contracts at AngloGold Ashanti Ltd's Geita gold mine in Tanzania. Pacts will generate revenue of USD65 million.

----------

Coro Energy PLC - South East Asian energy company - Says it has received valid acceptances for 37.2 million shares in open offer.

----------

San Leon Energy PLC - oil and gas producer in Nigeria - Says operations at OML 18 asset, Nigeria are low amid OPEC output restrictions. "In addition, appropriate budget restrictions have been implemented which are designed to preserve cash," San Leon says. To receive USD98 million in three equal instalments beginning in July related to its investment in OML 18. Midwestern Oil & Gas Co Ltd, guarantor of the loan notes, says there will be a delay on an interim repayment made for fourth quarter of last year. "Midwestern has acknowledged that the outstanding payment of USD4.25 million to San Leon is overdue and has explained that the delay has been caused by the combined effects of Covid-19, OPEC quota cuts and the fall in the oil price during 2020," San Leon says.

----------

Trans-Siberian Gold PLC - gold producer in Russia - Total mineral resource estimate at Asacha gold mine in Russia has increased to 645,000 ounces as of December 31. Reports 43% increase in Asacha's overall gold resource inventory. "I am delighted to report a significant upgrade to the resources at our flagship Asacha gold mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha," Chief Operating Officer Eugene Antonov says.

----------

Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - Says India introduces MMDR2021 bill on mining and mineral regulations. "As the bill has only recently been made available, the company is yet to seek formal legal advice on its application to our investments in India and any comments expressed herein are merely preliminary," Panthera notes. Says bill may "have an impact" on joint-venture partner Metal Mining India Pvt Ltd and its bid to secure approval of its prospecting licence applications for the Bhukia and Taregaon projects in India.

----------

Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Says Macarthur Minerals has called on CGG Aviation to perform an airborne electromagnetic survey of Lake Giles iron project to spot new drill targets. Cadence owns about a 1% stake in Macarthur.

----------

Canadian Overseas Petroleum Ltd - oil and gas company focused on Sub-Saharan Africa - Says shares suspended after sealing deal to acquire Atomic Oil & Gas LLC.

----------

Aura Energy - Australia-based minerals company - Expects report for half-year ended December to be lodged following Wednesday's annual general meeting. "An important part of the process is capturing the events subsequent to balance sheet date. At the annual general meeting scheduled on March 17, 2021, several resolutions will be considered by shareholders to settle previous issues and set up a solid foundation for resuming operating activities," Aura says.

----------

BiON PLC - Kuala Lumpur-based renewable energy services - Says two of its four biogas plants are now selling electricity to Tenaga Nasional Berhad, Malaysia's largest electricity firm. "I am pleased that we now have two of our biogas power plants selling electricity to the grid - and hope to soon be exporting power from all four plants and at maximum capacity," Chief Executive Officer Datuk Syed Nazim bin Syed Faisal says. Also notes Datuk Haji Radzali Hassan steps down as non-executive director with immediate effect.

----------

Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Receives conversion notice in relation to USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Duo convert USD250,337 into 210.9 million shares.

----------

Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Proposes placing to raise GBP2.6 million. Proceeds will go towards construction of a 66 kilovolt transmission line from its Lesedi project to an existing electricity grid in Botswana.

----------

Kore Potash PLC - potash development company focused on the Congo - Tells Australian regulators it has no explanation for recent share price increase.

----------

Conroy Gold & Natural Resources PLC - gold exploration & development in Ireland and Finland - Raises a total of GBP2.3 million. Secures GBP1.9 million from placing and subscription. Also inks GBP380,000 from conversion of existing debt into ordinary shares.

----------

Tremor International Ltd - San Francisco-based video advertising technologies firm - Submits form to US regulators in relation to offering of American depositary shares. "The number of ADSs to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is expected to take place in the second quarter of 2021 after the SEC completes its review process, subject to market and other conditions," Tremor adds.

----------

Blackrock World Mining Trust PLC - invests in mining and metal assets - Notes Non-Executive Director Ollie Oliveira will step down if elected to the board of Vale SA in August. "Ollie will be greatly missed by the board given his tremendous contribution during the time he has been a director but appreciates his decision given that Vale is the company's largest investment," Blackrock World Mining says.

----------

Round Hill Music Royalty Fund Ltd - private equity firm exclusively dedicated to investments in revenue generating music copyright assets - Says December 31 copyrights valuation was USD303.7 million, up 7.7% from USD281.9 million on June 30.

----------

ICG-Longbow Senior Secured UK Property Debt Investments Ltd - UK real estate debt-related investor - Net asset value per share at January 31, financial year end, falls 0.1% to 98.31p from 98.38p at the end of October.

----------

essensys PLC - London-based software for flexible workspace operators - Launches Flex Services platform for real estate industry customers. The platform allows real estate firms to operate and "scale up" workspaces digitally.

----------

Blue Prism Group PLC - Warrington, England-based robotic process automation firm - To engage with shareholders after three motions to reappoint directors face sizeable annual general meeting opposition. Votes to reappoint Jason Kingdon, Christopher Batterham and Kenneth Lever face opposition from 34%, 26% and 38% of investors, respectively. "The board will continue to engage with shareholders to understand and discuss their concerns with respect to each of the above resolutions and will provide an update in due course and within six months at the latest," Blue Prism says.

----------

Mothercare PLC - Hemel Hempstead, England-based retailer to parents and young children - Completes arrangement which see GBP19 million of shareholder loans converted into 189.6 million shares in the company.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Apr 2024 11:08

San Leon threatens action against Ocean Pearl in ELI acquisition spat

(Alliance News) - San Leon Energy PLC on Thursday said efforts had been made to thwart its acquisition of a controlling interest in Energy Link Infrastructure (Malta) Ltd, a move which it regarded as "both aggressive and vexatious in nature".

Read more
3 Apr 2024 10:59

TRADING UPDATES: Quiz sales fall, names new CEO; Byotrol eyes AIM exit

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

Read more
11 Mar 2024 19:24

IN BRIEF: San Leon Energy closes in on new financing agreement

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Confirms receipt of acceptable commercial terms from two prospective funders which are in the final stages of negotiation. Hopes to sign full documentation with one of these funders in the relatively short-term.

Read more
8 Jan 2024 13:51

San Leon Energy says no funds received yet from Tri Ri Asset

(Alliance News) - San Leon Energy PLC said it has not yet received funding from Tri Ri Asset Management Corp.

Read more
1 Dec 2023 14:29

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

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

Read more
27 Nov 2023 14:00

EARNINGS AND TRADING: Celebrus swings to profit; Aquila revenue flat

(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:

Read more
2 Nov 2023 21:01

TRADING UPDATES: Troy Income suspends buyback of shares

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

Read more
10 Oct 2023 12:39

San Leon Energy receives up to USD187 million investment from Tri Ri

(Alliance News) - San Leon Energy PLC on Tuesday hailed an investment it has received that will enable it to become a majority shareholder in Energy Link Infrastructure Malta Ltd, which San Leon said was part of its long-term strategy.

Read more
9 Oct 2023 17:54

IN BRIEF: San Leon scraps existing Midwestern deal, mulls alternative

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Announces the termination of its proposed transactions with Midwestern Oil & Gas Co Ltd and the further conditional investments in Energy Link Infrastructure (Malta) Ltd. Notes these were initially announced on July 8, 2022. Remains in early-stage discussions with Midwestern regarding a revised transaction in relation to Midwestern Leon Petroleum Ltd and Midwestern's indirect shareholding in ELI.

Read more
9 Oct 2023 13:31

IN BRIEF: San Leon Energy notes "very advanced" talks on loan facility

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Says it is in a "very advanced stage" relating to securing an alternative loan facility. It says that in order for to enable discussions to conclude, Toscafund Asset Management LLP provided San Leon with a redemption and release letter that includes a standstill provision. Toscafund agrees not to make any demand for repayment of the loan or enforce security before Friday. "The board of San Leon believes that a conclusion on an alternative loan facility will be reached in the very near term and will provide an update to shareholders and creditors at that time," San Leon says.

Read more
2 Oct 2023 14:32

EARNINGS AND TRADING: Alternative Income REIT raises dividend

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

Read more
8 Sep 2023 19:30

IN BRIEF: Beazley Director Robert Stuchbery buys GBP50,357 shares

Beazley PLC - insurance business operating in Europe, North America, Latin America and Asia - Director Robert Stuchbery buys 9,505 shares at 529.79 pence each worth GBP50,356.77.

Read more
8 Sep 2023 19:30

IN BRIEF: San Leon in talks regarding new loan, extends existing loan

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Continues discussions with a third party in relation to securing an alternative loan facility of USD50.0 million, which once concluded is anticipated to be used towards, amongst other purposes: the repayment of the USD5 million loan taken out in August. Proceeds of the new loan would also be used to make further investments in ELI and satisfy outstanding obligations to its creditors. Given talks continue, the original loan has been extended to September 30.

Read more
1 Sep 2023 18:29

IN BRIEF: San Leon Energy extends longstop date for two transactions

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces further extension to the longstop dates for the proposed transactions with Midwestern Oil & Gas Co Ltd and the company's further conditional investments in Energy Link Infrastructure (Malta) Ltd. All longstop dates have now been extended to September 30. In discussions with Midwestern on whether a potential revision to the transaction can be agreed to allow completion to occur whilst the new eroton debt facilities and the Sahara OML 18 acquisition continue to be delayed for reasons outside of the company's control. There can be no guarantee that any such revised terms will be agreed. Further, remains in talks with a third party in relation to securing an alternative loan facility of USD50.0 million. In addition, remains in talks with ELI regarding making further potential investments of up to USD37.0 million, in ELI, which would be conditional, on completing the alternative loan facility of USD50.0 million.

Read more
8 Aug 2023 13:50

IN BRIEF: San Leon Energy invests in Energy Link Infrastructure

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces a further investment of USD5.0 million in Energy Link Infrastructure (Malta) Ltd, which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and gas field in Nigeria. The further investment in ELI is being funded by the company taking a USD5.0 million loan from funds managed by Toscafund Asset Management LLP.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.