(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
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Hamak Gold (HAMA)
Ricardo (RCDO)
Corcel (CRCL)
Braemar Shipping (BMS)
Acg Acq (ACG)
Upland Resource (UPL)