(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Eqtec PLC, up 18% at 1.56 pence, 12-month range 1.00p-20.50p. The thermochemical conversion technology company secures refinancing of its existing secured lending facility. The new funding replaces the previous funding with a non-convertible secured term loan facility with no scheduled repayments until May 2026. Chief Executive David Palumbo says: "We are pleased to secure a new term loan with our secured lenders which we believe is a positive development for EQT. The material reduction in anticipated cash payments to the lenders, combined with the anticipated cash inflows from the Logik settlement payment, will provide a good foundation for EQT to move into a growth phase with increasing recurring monthly revenues from operations."
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AIM - LOSERS
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Clontarf Energy PLC, down 20% at 0.036p, 12-month range 0.030p-0.16p. The oil, gas and minerals explorer raises GBP300,000 through placing of 857.1 million shares priced at 0.035p each. The net proceeds of the placing will be used to advance Clontarf's lithium projects in Bolivia, and neighbouring countries, as well as on petroleum projects in Ghana, Australia, and elsewhere, and for general working capital purposes.
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By Sophie Rose, Alliance News senior reporter
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Eqtec (EQT)
Clontarf (CLON)