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Proactive end of day round-up: Gfinity, Kin Group, Kalibrate Technologies ...

A glance at some of the stories on the Proactive newswire today
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Some of headlines on Proactive today

E-sports promoter Gfinity Plc (LON:GFIN) has partnered with IKON Media & Entertainment to support a global expansion plan for its Elite Series which launched on 7 July in London.

IKON is a full-service entertainment, media and sports advertising agency based in Ireland and will be granted warrants over 7.5mln shares or 3.9% of Gfinity exercisable at 19.22p.

Neville Upton, Gfinity chief executvie, said: "IKON, with over 30 years' management experience, will support our global expansion ambitions for our Elite Series through identifying and introducing all the potential commercial opportunities and partners around the world.

"Settlement of fees through warrants over shares aligns both businesses for success whilst preserving our strong balance sheet."

Shares in Kin Group Plc (LON:KIN) edged higher late on Tuesday Morning after the company confirmed it still has the support of a key investor despite breaching a condition of its recent convertible loan note issue.

Last month, the digital wellness solutions provider – which trades as Kin Wellness – agreed to issue £1.125mln worth of convertible loan notes to Belastock Capital, an overseas-based institutional investor.

Petrol station forecourt software and services group Kalibrate Technologies PLC (LON:KLBT) is set to be taken private after investment group Hanover Equity Fund LP lodged a £29mln cash offer. That works out at 85.5p a share – a 50% premium compared to the closing price of 57p on 1 June, the day before the initial approach was made.

Concepta PLC (LON:CPT) has received its first sales order for its myLotus fertility products. The order – from HuanZhong Biotech, Concepta’s partner in China – is worth £225,000 (RMB 1.95mln). Once Concepta has fulfilled the order, HZ Biotech will distribute the myLotus products in China.

Life sciences group Abzena plc (LON:ABZA) saw its full-year revenue jump by almost 90%, with underlying losses reduced as it prepares for “significant growth”. Big Pic on April 5

88 Energy Ltd (LON:88E, ASX:88E) has told investors it is on schedule to start fracture stimulation at Project Icewine on June 17, with production testing due either late in the month or early July.

The company today said that the sundry application for execution of the main stimulation work at Icewine-2 has been approved by the Alaska Oil and Gas Conservation Commission (AOGCC).

“Shares in Graphene NanoChem plc (LON:GRPH) surged higher on Tuesday Morning after the nanotechnology specialist’s new polymers division successfully completed a paid pilot project for a global Tier 1 company in Malaysia.

The project saw Graphene provide its enhanced building materials solution as part of a warehouse conversion and building modification assignment for the customer.

Hummingbird Resources (LON:HUM) has increased its stake in the under construction Yanfolila gold project in Mali to 80% with the exercise of an option over a further 5% of the equity. The AIM-listed junior is buying out La Petite Mine d'Or’s interest for US$1mln, plus paying a further US$1mln to acquire its 1% royalty. Both considerations will be paid in shares.

Shares in Advanced Oncotherapy PLC (LON:AVO) edged higher this morning after the proton therapy specialist secured a new £1.5mln, one-year loan with Blackfinch Investment. This brings the total financing from Blackfinch to £6.5mln, following on from two prior agreements announced back in March and April of this year.

Ariana Resources plc (LON:AAU) has completed its resource-focused target assessments for the Tavsan gold project on the 50%-owned Red Rabbit joint venture with Proccea Construction. Extensive new geochemical target areas have been identified, demonstrating clear potential for resource growth.

APQ Global Limited (LON:APQ), the emerging markets investment group has announced that it is currently considering a further capital raise. In a brief statement, the AIM-listed firm said it “is exploring options for the capital raise which may be implemented through the issue of a convertible debt instrument or such other form of equity or debt as may be appropriate.”

Shanta Gold Limited (LON:SHG) turned in revenues of over US$107 mln during the year to December 2016 on production of 87,713 ounces of gold from its New Luika gold mine in Tanzania, up from the US$95.7 mln posted for 2015 on production of just under 82,000 ounces. Ceres Power Holdings Plc (LON:CWR) has told investors it expects total income for the current financial year, ending June 30, will have more than doubled from last year. The company said revenue and other operating income are ahead of expectations, and it expects full year total income to approach £4mln, compared to £1.67mln in the preceding twelve month period.

Tethyan Resources PLC (LON:TETH) has signed an access agreement with the Municipality of Raska for the use of roads in Southern Serbia.

Chariot Oil & Gas Limited (LON:CHAR) boss Larry Bottomley has told investors that the explorer is continuing to screen new ‘value-accretive’ opportunities.

Eland Oil & Gas PLC (LON:ELA) is closing in on a new drill programme at the Opuama field to grow production, with the signing of a new rig contract.

 


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