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Pin to quick picksSan Leon Share News (SLE)

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TRADING UPDATES: VH Global enters Brazil with USD63 million funding

Fri, 28th May 2021 18:01

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

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GSTechnologies Ltd - Milton Keynes, England-based wireless, electronic cabling and security solutions for infrastructure development customers - Announces collaboration with Singaporean blockchain payment solution provider Wise MPay Pte Ltd. Makes collaboration with a view to Wise MPay providing the company with software and services to facilitate the its plans to develop new higher-growth synergistic business areas focussed on blockchain technology. Plans to launch a borderless neobanking platform providing next-generation digital money solutions. The company's neobanking platform will be named GS Money.

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Real Good Food PLC - Liverpool-based food producer - Says Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have each agreed to contribute GBP180,000 towards the costs incurred by the group in relation to the disposal of Brighter Foods Ltd, announced in April. The total contribution of GBP540,000 will be done via a waiver of outstanding loan notes held by the various shareholders.

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San Leon Energy PLC - oil and gas exploration and production in Nigeria - Says subsidiary Decklar Petroleum Ltd makes "considerable progress" at Oza-1 well re-entry at the Oza oil field in Nigeria. "The major components of the drilling rig equipment are being transported to the field this week and it is anticipated the rig will be completely moved, installed and rigged-up within two weeks. Decklar will then commence the Oza-1 well re-entry operational activities including the initial work of pulling out the existing tubing, running a cement bond log and cased hole reservoir logs," says company.

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Panthera Resources PLC - gold exploration and development company focused on west Africa and India - Says the reverse circulation drill rig has arrived on site at the Labola project in Burkina Faso and the planned 5,000 metre drilling programme has started.

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Kape Technologies PLC - Isle of Man-headquartered digital security software provider - Announces new debt facility. Enters into an agreement with its existing bank syndicate of Bank of Ireland, Barclays Bank PLC and Citi Commercial Bank, as well as three new banks being Citizens Bank, BNP Paribas and Leumi Bank for the facility. Banks to provide new senior secured bank facilities of up to USD220 million. New facility has a three-year term with an option to extend by up to an additional two years. "We continue to remain acutely focused on growing our market reach and creating value for all our stakeholders," says Chief Financial Officer Moran Laufer.

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VH Global Sustainable Energy Opportunities PLC - sustainable energy investment company - Commits USD63 million to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. "As promised to investors, this funding commitment marks the beginning of a very exciting journey for the company in Brazil, where we can support real and lasting improvements in the country's energy infrastructure," says company.

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Agronomics Ltd - Isle of Man-based alternative proteins company - Annoucnes that portfolio company CellX Limited has completed its seed financing round. Agronomics invested USD50,000 in CellX in December last year.

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FastForward Innovations Ltd - investor in life sciences and technology businesses particularly within the medical cannabis field - Says investee Little Green Pharma Ltd announced an additional AUD2.5 million, about GBP1.4 million, purchase order for LGP's high THC cannabis flower medicine from German pharmaceutical wholesaler Deutsche Medizinalcannabis GmbH.

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HeiQ PLC - Zurich-based textiles technology firm - Announces sustainable textile finishing partnership with Alchemie Technology, a firm specialised in smart dyeing technology. Says it will enable HeiQ customers to add its high performance technologies to textiles at significantly lower cost and in a much more environmentally friendly way. Says it will roll out its digital multifunction finishing solution, NOVARA, to the global textile market in the third quarter of this year.

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Savannah Energy PLC - Niger and Nigeria-focused energy firm - Swings to pretax profit in 2020 of USD10.9 million from USD105.4 million loss in 2019. Reports revenue of USD169.0 million, soaring form USD17.8 million. "2020 represented our first full year of ownership since the completion of the acquisition of our Nigerian assets and our financial results show just how transformational the acquisition has been for Savannah. Against a challenging backdrop, we recorded a robust financial and operating performance. We beat all of our original financial guidance metrics," says CEO Andrew Knott.

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Altus Strategies PLC - Africa-focused mining royalty company - Expands activities into Egypt as it gets four gold exploration licences. Nets three new copper and silver exploration projects in Morocco. Reports completion of strategic review of Bikoula iron project.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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

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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.

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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.

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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:

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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:

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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:

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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.

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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.

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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:

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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.

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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.

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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.

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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

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