(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
----------
Bluebird Merchant Ventures Ltd - Korea-focused gold development group - Notes joint venture partner Southern Gold's decision not to approve development of two South Korean projects. Bluebird respects but does not agreement with Southern Gold's view on the timing of county government approvals for the projects. Bluebird notes that all mining projects needs ancillary approvals and permissions and it it normal to seek these "once the project is underway". Under the joint venture agreement's terms, Southern Gold is effectively deemed to have offered to sell its 50% interest in the South Korean projects to Bluebird. "The [joint venture agreement] sets out a clear process that governs the path that may lead to Bluebird acquiring 100% of the South Korean projects within a reasonable period of time. Under the terms of the JVA, Bluebird has 45 days to present an offer to Southern Gold to acquire their interest. The company intends to make an offer to Southern Gold within the required period of time," says Blurbird.
----------
Metal Tiger PLC - natural resource opportunities investor with headquarters in London - Notes Southern Gold's announcement regarding the Gubong and Kochang joint venture projects with Bluebird. Metal Tiger owns an approximately 17% equity interest in Southern Gold.
---------
Rockfire Resources PLC - Australia-focused gold and base metal exploration company - Announces that reverse circulation drilling completed in June at its Plateau gold deposit in North Queensland intersected among the highest gold grades so far in the top 200 metres from surface. For example, a shallow infill drill hole intersected 90 metres at 0.8 grams of gold per tonne of ore from surface. This hole, BPL034, returned lengthy silver values of 90 metres at 4.3 grammes of solver per tonne of ore from surface. A water bore, which was drilled to provide water for diamond drilling, returned 100 metres at 0.3 grams of gold per tonne of ore.
----------
Coca-Cola European Partners PLC - consumer goods company in western Europe and the world's largest Coca-Cola bottler by revenue - Says Independent Non-executive Director Javier Ferran wishes to step down once a replacement is found after the board of International Consolidated Airlines Group SA appointed him as its next chair. Ferran will take over as IAG chair in January 2021. Coca-Cola European Partners is seeking a successor.
----------
Independent Oil & Gas PLC - UK-focused gas development and production company - Awards engineering, procurement, construction, and installation contract for core project phase 1 platforms in the Southwark and Blythe gas fields in the UK Southern North Sea to HSM Offshore BV. HSM is a Dutch contractor and was paid almost entirely in the form of a lump sum and its work includes design, engineering, fabrication and installation of the production platforms.
----------
Bushveld Minerals Ltd - vanadium producer and energy storage provider with assets in South Africa - Notes Enerox Holdings Ltd's acquisition of a further 65% of Enerox GmbH's share capital. Enerox Holdings is an investment vehicle formed by an investor consortium that includes Bushveld Energy Ltd, Bushveld Minerals' 84% owned subsidiary.
----------
Journeo PLC - information systems and transport technical services company with headquarters in Ashby-De-La-Zouch - Renews framework contract with Abellio bus London, among the largest UK rail companies and operator of give rail franchises plus a major bus company in London. Journeo will keep providing CCTV and associated equipment for new Abello buses along with those transferred into their fleet through competitive tendering in London. The contract's anticipated three-year value is around GBP2 million and the framework includes another GBP1.2 million worth of on-vehicle technology solutions.
----------
Empire Metals Ltd - resource exploration and development company operating mainly in Georgia - Provides update on Artemis Resources Ltd's drilling programme at the Munni Munni palladium project in West Pilbara, Western Australia. Highlights include 6.5 metres at 1.68 grams of palladium per tonne of ore plus 0.14 grams of gold per tonne from 41 metres. Munni Munni is subject to a binding agreement between Empire and Artemis to acquire a 59% interest in Munni Munni Pty Ltd, an Artemis subsidiary and 70% beneficial owner of the project. On July 17, Artemis was served a writ of summons by the Western Australian supreme court filed by 30% joint venture owner Platina Resources Ltd. Platina alleges that Artemis has breached its heads of agreement for Minni Munni through its agreement with Empire. Artemis denies this claim.
----------
Zoetic International PLC - London-headquartered CBD and natural resources company - Says sale of Kansas nitrogen assets to Path Investments PLC incomplete as yet due to matters outside of either company's control. Zoetic's board "remains hopeful that matters will be concluded shortly". Both parties have agreed an extension to allow the transaction to complete and the delay is not expected to hurt Zoetic's financial performance.
----------
Ncondezi Energy Ltd - power development company with project in Mozambique - Submits transmission integration study to Electricidad de Mocambique for its integrated Ncondezi 300 megawatt coal fired power project and mine in Tete. The updated study is complete and has been submitted for review and evaluated a number of transmission connection options for the project, accounting for network changes since the last study. It will be used to provide approval on the project transmission option for connecting the project to the Mozambique grid.
----------
Creo Medical Group PLC - surgical endoscopy-focused medical device company - Announces that early experience of its Speedboat Inject device has shown it to be feasible for performing peroral endoscopic myotomy with a good safety profile. A video abstract has been published and was authorites by exports in the field including gastroenterologist and endoscopy export Amid Maydeo. "The main advantages of using Speedboat Inject were highlighted as reducing the risk of injury to the mucosa by the orientation of the hull and use of bipolar radiofrequency, which then aided quick tissue healing and resulted in quicker post-procedural recovery. Speedboat also reduced the overall procedure time, as no device changes were needed for bleeding vessels," explains Creo.
----------
BigDish PLC - Jersey-headquartered food technology platform for restaurants - Announces increase of around 500 new ventures to its BigDish platform wishing to amplify their participation in the UK government's Eat Out To Help Out initiative. The new venture are part of Mitchells & Buters PLC. TGI Friday's has also agreed to join BigDish, lifting the number of total restaurants to more than 1,850 from the 1,250 previously reported.
----------
Standard Life Investments Property Income Trust Ltd - Edinburgh-headquartered investment company - June 30 net asset value per share 79.6 pence per share, down 4.3% from March's 83.2p figures. This gives a NAV total return including dividends of negative 3.0% for the second quarter. Portfolio valuation down 2.5% like-for-like before capital expenditure. IPD/MSCI monthly index drops 3.6% in same period. Maintains quarterly dividend but a 60% of prior year level, equating to 0.714 pence per share.
----------
ADM Energy PLC - natural resources investing company with existing asset base in Nigeria - Successfully pre-qualifies in Nigerian government's 2020 marginal field bid round. ADM is participating as OilBank International Ltd's exclusive technical partner. The bid round includes 57 marginal fields and is the first since 2003 in the county. ADM and Oilbank have successfully pre-qualified for the second stage consisting of technical and commercial bid submission.
----------
Greatland Gold PLC - precious and base metals exploration and development company with projects in Western Australia and Tasmania - Lodges mining lease application for Havieron gold-copper deposit with Western Australian Deparment of Mines, Industry Regulation & Safety. Application covers the 12-block area within Havieron that is subject to a farm-in agreement between the company and Newcrest Mining Ltd.
----------
Syncona Ltd - healthcare company with headquarters in London - Says Freeline Therapeutics Holdings PLC portfolio company has filed amended registration statement with US Securities & Exchange Commission concerning a proposed initial public offering of American depositary shares. The registration statement includes a USD16.00 to USD18.00 per ADS indicative pricing range for the offering, would represent a GBP31.6 million to GBP58.2 million increase in the value of Syncona's current Freeline holding. The proposed offering amount is 7.4 million ADSs which would result in gross proceeds to Freeline of approximately USD125 million and does not includes the underwriter's option to buy additional ADSs. Syncona has expressed an interest in buying ADS's in the offering.
----------
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.