(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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Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Records interest income of USD36,731 in the final quarter that ended December 31. In the comparable period it recorded no income. In the nine months to December 31 interest income amounts to USD93,183, multiplied from USD8,435 a year before. In the quarter, it swings to a net loss of USD20.0 million from a profit of USD748,821. For the nine months, it swings to a net loss of USD35.6 million from a profit of USD10,752. Operating expenses surge to USD37.8 million from USD1.9 million and it records a fair value change in warrant liability of USD1.9 million. "Both Guyana and Namibia continue to yield sizeable discoveries, and we are seeing unprecedented levels of interest for exploration assets in these regions. As such, we continue to progress our highly strategic acreage positions in both Guyana and Namibia and we look forward to updating the market on our farm out program in Namibia and our plans for a drilling campaign in Guyana as soon as practically possible. We remain excited about the potential for 2023 and we look forward to keeping all stakeholders updated throughout the course of the year," President & Chief Executive Gil Holzman comments.
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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says that almost 100% of scheme shareholders voted in favour of the resolution to approve the acquisition by Nucleus Clyde Acquisition Ltd. Says that almost 100% of its shareholders approved the scheme at its general meeting. In January, the company got a GBP242 million takeover offer at 350 pence per share.
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PureTech Health PLC - London-based clinical-stage biotherapeutics company - Notes that its founded entity Sonde Health has been selected by the Massachusetts Artificial Intelligence and Technology Center for Connected Care in Aging & Alzheimer's Disease to lead a pilot study focused on leveraging vocal biomarkers for remote detection and monitoring of mild cognitive impairment in the home environment. Explains that the project is part of a USD1.7 million grant to explore the use of artificial intelligence and other advanced technologies for in-home care.
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BlueRock Diamonds PLC - diamond producer focused on South Africa - Says indebtedness of principal operating subsidiary Kareevlei Mining Proprietary Ltd to Teichmann South Africa rises to ZAR75.5 million, or GBP3.4 million as at February 10. Says Kareevlei's application for business rescue had been received and approved by the relevant regulatory authorities in South Africa. Says it is awaiting the formal registration of Engaged Business Turnaround Proprietary Ltd as its Business Rescue practitioner. Says Kareevlei engaged with EBT, TSA and TSA's legal advisors to secure essential payments, and payments were made to staff for February salaries and to the diesel supplier for diesel on Friday afternoon.
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By Abby Amoakuh, Alliance News reporter
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PureTech (PRTC)
Eco (atlantic) (ECO)