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Pin to quick picksUpland Resource Share News (UPL)

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TRADING UPDATES: Hamak Gold raises GBP350,000 for Liberia drilling

Mon, 03rd Jul 2023 18:59

(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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Hamak Gold Ltd - mining exploration and development company operating in Liberia - Raises GBP350,000 through the issue of 4.0 million new shares at a price of 8.75 pence each. Says it intends to use the net proceeds of the subscription to fund the next phase of drilling at its Nimba licence in Liberia and for general working capital purposes. Adds that it has entered a contract with Cestos Drilling to undertake the next phase of drilling work, expected to total 1,000 metres of core drilling. Cestos Drilling was the contracting drill company that undertook the first successful drilling programme for Hamak Gold.

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Ricardo PLC - West Sussex, England-based environmental and engineering consulting firm - Confirms that Judith Cottrell has joined the company and the board with effect from July 1. From the end of September, Cottrell will become the company's chief financial officer. She was previously finance director for professional services firm RPS Group PLC, which was acquired by Tetra Tech UK Holdings Ltd in January. She replaces Ian Gibson, who will step down as CFO and from the board at the end of September. He will remain with the company for a transition period.

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Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Confirms that, further to the fundraising announced on March 28, it has received GBP600,000 in cash to date, and has now seen proof of funds for the final GBP455,515 tranche of this placing. It is now awaiting funds to be received in the UK, which is expected imminently. Further to the fundraising announced on May 24, Corcel has also received GBP146,175 in cash to date, and it has now seen proof of funds having been sent for the GBP80,783 subscription currently due, and is now awaiting funds to be received in the UK, which is also expected imminently.

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Compagnie de Saint-Gobain SA - French building materials company - Signs a binding agreement for the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA. COVIPOR generated sales of around EUR20 million in 2022, with two industrial locations in the Porto area employing approximately 100 people. Closing of this transaction is subject to Portuguese antitrust authority clearance, and is expected in the third quarter of 2023.

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Braemar PLC - London-based shipbroker and advisor in shipping investment - Says the listing of its shares on the premium segment of the Official List, and trading in its ordinary shares on the Main Market of the London Stock Exchange, have been suspended with effect from today. Adds that it will provide further updates on expected timings for publication of its annual financial report for the year ended February 28 in due course.

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ACG Acquisition Co Ltd - Special purpose acquisition company looking to benefit from favourable price conditions for new economy metals and other mining materials - Announces public offer of Class A ordinary shares of USD10.00 to retail investors via PrimaryBid. Says the offer is in connection with an equity offering to raise up to USD301 million, in order to fund part of the consideration for the acquisition of the Atlantic Nickel nickel sulphide mine in Santa Rita and the Mineracao Vale Verde copper mine in Serrote.

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Upland Resources Ltd - London-based oil and gas company, which has assets in Malaysia, Tunisia and the UK North Sea - Says the board of the company has approved a decision to change the year end date to December 31. The next audited accounts will be prepared for the 18 months ending December 31, 2023. Also advises that it has appointed PKF Littlejohn LLP as its auditor to succeed Crowe UK LLP, who resigned on June 1.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Apr 2024 14:21

Upland Resources raises money from investors; well placed for strategy

(Alliance News) - Upland Resources Ltd on Monday said it raised money from investors and that it engaged in discussions with "key" stakeholders.

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22 Apr 2024 16:03

Upland Resources inks deal with partner for potential joint venture

(Alliance News) - Upland Resources Ltd on Monday said it has signed a letter of intent for a potential joint venture agreement with an unnamed "partner of strategic interest".

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28 Mar 2024 12:20

Upland Resources shares soar as company prepares for Sarawak drilling

(Alliance News) - Upland Resources Ltd announced on Thursday that progress has been in the exploration of Sarawak Block SK334.

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5 Feb 2024 20:23

TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return

(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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22 Jan 2024 16:01

Upland Resources forms Finance & Investment Committee

(Alliance News) - Upland Resources Ltd on Monday said it has formed a Finance & Investment Committee to boost its workstream management.

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15 Dec 2023 12:07

IN BRIEF: Upland Resources signs letter of intent for new drilling rig

Upland Resources Ltd - London-based oil and gas company, which has assets in Malaysia, Tunisia and the UK North Sea - Signs specific letter of intent for the provision of a new generation drilling rig with partner Huisman Geo. "Huisman bring extensive experience in new generation onshore drilling, complementing our team as we complete the next steps," Upland says. Huisman Geo has been active in the geothermal sector since 2009. Upland Chair Bolhassan Di says: "Following a fruitful week spent in Sarawak finessing the procurement routes & frameworks with Petros, focus is now set on drill preparations, well design and land preparation. We have made tangible progress and laid strong foundations towards our intended drill campaign. We look forward to increased market engagement as we continue to scale up operations on block SK334 in Sarawak."

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4 Dec 2023 17:33

TRADING UPDATES: 600 Group disposal and funding talks continue

(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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28 Nov 2023 16:53

TRADING UPDATES: Upland Resources completes technical study at Sarawak

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

Read more
30 Oct 2023 11:57

Upland Resources takeover talks go nowhere, shares slide

(Sharecast News) - Shares in oil and gas investment firm Upland Resources tanked on Monday after it said that a potential takeover bid had turned out not to be "bona fide".

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30 Oct 2023 10:33

Upland Resources shares slump as potential takeover bid falls flat

(Alliance News) - Upland Resources Ltd shares plummeted on Monday, after it announced that sales talks regarding a takeover offer have fallen through.

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23 Oct 2023 14:21

Upland Resources surges as rejects "very preliminary" takeover offer

(Alliance News) - Upland Resources shares soared on Monday, after it announced that it had rejected a takeover offer that it said "significantly undervalues" its potential.

Read more
23 Oct 2023 08:38

Upland Resources rejects 'very preliminary' bid approach at 14p a share

(Sharecast News) - Shares of Upland Resources rocketed on Monday after the oil and gas company confirmed it had received and rejected an unsolicited, "very preliminary" approach about a possible takeover offer at 14p a share from SEC Capital.

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23 Oct 2023 07:46

LONDON BRIEFING: Keller expects higher profit; Upland rejects approach

(Alliance News) - Stocks in London are set to open slightly higher on Monday, as risk sentiment improves after a difficult period for markets last week.

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20 Oct 2023 09:57

IN BRIEF: Upland Resources says contract work ongoing in "busy" month

Upland Resources Ltd - London-based oil and gas company with assets in Malaysia, Tunisia and the UK North Sea - Expects in early November to complete drafting of a joint technical study technical report, for the production sharing contract regarding onshore Block SK334 in Sarawak, Malaysia. Draft will be sent for review by its state-owned partner Petroleum Sarawak Berhard or Petros. Evaluation of potential drilling targets is ongoing. Upland notes that its proposal for the SK334 PSC was submitted and "received positively" by Petros on September 20.

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12 Oct 2023 14:06

IN BRIEF: Upland Resources raises GBP450,000; signs letter of intent

Upland Resources Ltd - London-based oil and gas company with assets in Malaysia, Tunisia and the UK North Sea - Raises GBP447,460, after it received a notice to exercise 61.6 million shares, as well as a placing of 9.8 million shares with strategic partner.

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