TRADING UPDATES: Caerus, Bezant pick Cyprus asset; TomCo buys JV

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

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Caerus Mineral Resources PLC - copper and gold explorer with licenses in Cyprus - Alongside copper-gold exploration and development company Bezant Resources PLC, Caerus notes the Troulli project in Cyprus has been selected as the first project for a joint-venture. "The joint review, which will also have input from Jubilee Metals Group PLC, will cover all waste recycling and hard rock VMS projects within the Caerus portfolio with an emphasis on Troulli as the first joint venture project between Caerus and Bezant," Caerus explains. Says diamond drilling and resource estimate programme to be agreed at project.

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TomCo Energy PLC - oil project development in US focused on using new technology to unlock unconventional hydrocarbon resources - Buys Valkor LLC's 50% interest in the Greenfield Energy LLC joint-venture. TomCo now owns all of Greenfield. Will fund the acquisition through a deferred issue of 592.8 million shares, currently 29% of the company's capital.

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Power Metal Resources PLC - metal exploration and development in Africa - Says total of 19 holes completed at first phase of diamond drilling exploration programme at Silver Peak project in Canada. "All cores are being logged, catalogued and split by independent geological consultants prior to being sent to ALS Canada Ltd in Vancouver, British Columbia, for accredited laboratory assay analysis," Power Metal adds. Establishes new vehicle named Silver Peak Resources Ltd in anticipation of public listing of project, or to allow for a third party acquisition. At Tati in Botswana, crews have been mobilised for phase 2 work programme on the gold and nickel greenstone belt.

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Aura Energy Ltd - Australia-based minerals company - Completes gravity survey at Tasiast South tenements in Mauritania. "The gravity data allows better definition of geology, the identification of structures likely to be of relevance to gold deposition and the possibility of direct detection of sulphide mineralisation on the nickel/cobalt targets," Aura says.

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Westmount Energy Ltd - invests in companies which operate in oil & gas related industries - Notes beginning of drilling at Sapote-1, located in Canje block in offshore Guyana. Westmount holds a 7.2% interest in Canje, which is operated by Exxon Mobil Corp. Exxon's Esso Exploration & Production Guyana Ltd has a 35% stake, TotalEnergies SE unit TotalEnergies E&P Guyana BV also holds 35%.

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MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis company - Secures USD24 million supply and distribution pact with AMC Holdings Inc for its phytomedicine products. The deal lasts three years. "This is MGC Pharma's first USA supply agreement dedicated to taking MGC's pharmaceutical phytocannabinoid products into the world's largest healthcare market," company adds. For the first year, AMC will pay MGC USD750,000 and a letter of credit for a further USD2.3 million.

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Scancell Holdings PLC - Oxford, England-based immunotherapies for treatment of cancer and infectious disease - Says UK's Medicines & Healthcare Products Regulatory Authority approves plans to kick off first-in-human trial of Modi-1 vaccine which targets cancer cells. "The company expects to enrol patients into the study in the second half of 2021, following ethics committee sign-off. Initial safety and tolerability data from the initial open label portion of the trial could be available from the first half of 2022," Scancell says.

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Eden Research PLC - Cirencester-based agricultural chemicals producer - Says Mevalone biofungicide receives green light for use on new crops in Portugal. The product is used to treat Botrytis cinerea, a fungal pathogen. "This latest label extension adds strawberries, raspberries, blueberries, cranberries, kiwi, aubergines and peppers to the label, with product applications being permitted close to the point of harvest," Eden explains.

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Bidstack Group PLC - London-based in-game advertising platform - Partners with Motionlab Interactive, the makers of mobile game PDC Darts Match. PDC is the Professional Darts Corp, a darts governing body. "The new game expands Bidstack's stadium vertical and increases the number of sports covered to five different categories (football, tennis, cricket, jiu-jitsu and darts)," Bidstack explains.

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D4t4 Solutions PLC - Surrey-based data management company - Says continuing to trade in line with board expectation. "The business is delivering against its key KPIs and is well positioned in its core markets," D4t4 says. Says rolllout of Celebrus Fraud Data platform progresses. Company adds: "D4t4 has also commenced a marketing and PR campaign, particularly focused on raising the profile of Celebrus products in the US market."

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Braemar Shipping Services PLC - London-based shipbroker - "Pleased" by performance in first five months of financial year ended February. Braemar says: "Trading has been good across all three of the group's divisions and the breadth of the group's business model, the diversity of the broking operation and the markets in which the group now operates, have insulated the business well from any ongoing pandemic weakness."

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By Eric Cunha; ericcunha@alliancenews.com

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