(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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Corcel PLC - London-based mining and mineral resource development company with interests in Angola and Brazil - Receives notice of the conversion of GBP100,000 of outstanding loan notes from its lenders, YA II PN Ltd and Riverfort Global Opportunities PCC Ltd, into 25 million shares at a price of GBP0.004.
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Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Provides update in respect of the arbitration process under the energy charter treaty in respect of the Barryroe lease undertaking application. Says Lansdowne's legal advisors, Ashurst LLP, submitted a further letter to Irish government with a reminder that if Ireland fails to engage to attempt to settle the dispute amicably, Ireland will be in breach of its obligations under Article 26 (2) of the ECT. Receipt of this letter was acknowledged by the Irish State Solicitors Office on August 14. On September 18, receives letter from the Irish State Solicitors office. This letter denies Lansdowne's claim that Ireland has breached the terms of the ECT but indicates that they would be willing to give consideration to proposals for a meeting with a representative of the Department of the Environment, Climate & Communications. Plans to review the letter in detail and may seek such a meeting. Chief Executive Steve Boldy says: "It has always been our hope that this matter could be settled amicably and we will continue to seek to achieve that, but with the three month period elapsing today, the door is also open for us to move forward with formal arbitration proceedings."
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Argos Resources Ltd - oil and gas exploration in Falkland Islands - Confirms that the Falkland Islands Government has provided its consent to the transfer of Argos' PL001 production licence interests in the North Falkland basin, and Argos and JHI Associates Inc are now working towards completion of the licence acquisition agreement in the coming days. If this is completed prior to the general meeting, and the resolutions proposed at the meeting are duly passed, the company will go into members voluntary liquidation immediately following the meeting, as part of the planned process to enable a distribution of surplus assets to shareholders. Explains that assuming the liquidation proceeds on September 22, the cancellation will be processed and the company's shares will be cancelled from admission to trading on AIM with effect from September 26. Further update to be provided on September 25.
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Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Cizzle and Bio-Techne Corp, announce progress evaluating specific monoclonal antibodies for Cizzle's CIZ1B cancer biomarker. Notes firm has successfully completed an evaluation programme aimed at assessing the feasibility of using the simple western platform from ProteinSimple (a Bio-Techne brand) for high throughput detection of the CIZ1B cancer biomarker which may be useful in the detection of early-stage lung cancer. Allan Syms, executive chair, comments: "We are very pleased to be working with Bio-Techne, a global leader in bioscience solutions. We believe the Simple Western platform is an excellent fit for use in our development of a high throughput assay for the detection of the Company's CIZ1B biomarker."
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JTC PLC - Jersey-based provider of institutional and private client services - Iain Johns, group head of Private Client Services, sells 75,000 shares at aggregate price of GBP7.391 each, worth GBP554,325.
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Tekcapital PLC - London-based intellectual property investment company - Announces that its portfolio company Microsalt Ltd has announced a partnership with Weijohn Farms Group which will be using MicroSalt on its Sorbatto fresh line of hazelnuts. Tekcapital owns 97% of the share capital of MicroSalt Ltd and 78% of MicroSalt Inc, its US subsidiary.
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Sportech PLC - Edinburgh sports bars and betting venue operator - Posts circular to shareholders regarding general meeting on October 5. Explains the circular is in relation to the proposed cancellation of admission of Sportech's shares on AIM, re-registration as a private limited company and adoption of new articles of association announced on September 11. Adds the cancellation resolution and re-registration resolution require 75% shareholder backing.
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By Jeremy Cutler, Alliance News reporter
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