IN BRIEF: Forgent completes placing, progresses Peak Hills deal

Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, formerly Eqtec PLC - Completes GBP1.3 million placing at 0.015 pence per share. In addition, says it also partially exercised its binding exclusive option over Peak Hills, first announced in January and April. Forgent has acquired a 51% stake in the project with the balance of 48% remaining under option, extended for a further five months. Forgent will pay USD206,060 for the 51% stake.

Current stock price: 0.015 pence

12-month change: down 98%

By Jeremy Cutler, Alliance News reporter

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