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(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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Gear4music Holdings PLC - musical instruments retailer - Trading remains strong in July and August with improved margins and lower marketing costs. Remains confident that results for the year ending March 2021 will be in line with board expectations.
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Tower Resources PLC - Africa-focused oil & gas company - Agrees to six-month loan facility of USD500,000 with Shard Merchant Capital Ltd, the terms of which include the issue of 31.5 million attached three-year warrants at a strike price of 0.6 pence and 5.8 million shares. Also agreed six-month extension to existing USD750,000 loan facility. In addition, the company plans to raise USD200,000 through a subscription of 38.4 million shares at a price of 0.393p each.
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Contango Holdings PLC - natural resource development company - Says negotiations concerning letters of intent for 32,000 tonnes per month coal off-take agreements from Lubu coalfield project in Zimbabwe are "progressing well" and are expected to be finished in the current quarter. Commissioning of Lubu and appointment of miners in fourth quarter of 2020 on schedule.
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Cake Box Holdings PLC - cakes retailer - Within first five months of financial year to August 30, in the last three months, trading was very strong, with like-for-like sales growth of 14% in franchise stores. Online sales grew up 74% compared to the prior year. Also benefitted from appeal of delivery service through Uber Eats and Just Eat. Expects to pay 3.2p per share as special dividend.
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BlueRock Diamonds PLC - South Africa-focused diamond miner - Values 12.12 carat diamond recovered in July at USD104,000.
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Gem Diamonds Ltd - diamond miner - Recovers 233 carat type-II white diamond from the Letseng mine in Lesotho. Follows recent recovery of a high quality 442 carat diamond.
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Karelian Diamond Resources PLC - Finnish-focused diamond developer - Commences fieldwork exploration programme on its Lahtojoki South exploration permit in Finland which is designed to recover further kimberite boulders and to delineate the glacial direction.
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Immotion Group PLC - immersive entertainment company headquartered in Manchester - Reports encouraging trading since end of July, with 16 partner sites where the attraction is opening. Visitor numbers have been down but average revenue per headset has remained robust. Expects significantly reduced loss in August.
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Panthera Resources PLC - Manchester-based gold explorer - Completed sale of interest in Labola gold project to Moydow Holdings Ltd, while divestment of Kalaka project has been delayed as is expected to be completed later in September. Panthera now holds 50% interest in Moydow, while will rise to 55% once the Kalaka divestment is completed.
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Gulf Keystone Petroleum Ltd - oil production in Iraq - Confirms that gross payment of USD10 million been received from Kurdistan regional government for crude oil sales during July from Shaikan oil field.
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Pantheon Resources PLC - oil and gas exploration - Alaskan subsidiary Great Bear Pantheon has received notice from the Alaska Department of Natural Resources that the application to form the Alkaid production unit of 22,804 acres is complete and eligible for approval. A 30-day public comment period has been opened and a decision must be made on the application within 60 days. Also entered application process for the Talitha project.
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Strategic Minerals PLC - mineral company operating in the US, Australia and the UK - delays planned lodgement by Leigh Creek copper mine of updated information to accompany the draft program for environment protection & rehabilitation with the South Australian government by a few weeks.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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