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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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News snapshot: Information Services Corp, SWMBRD, Transition Metals, Fidelity Minerals, Q BioMed...

Chesapeake Bank, part of Chesapeake Financial Shares Inc. (OTCQX:CPKF), has announced the release of a new product — the Digital Debit Card.

The company said the Digital Debit Card allows consumers to create virtual cards within online and mobile banking for use in online purchases and can be loaded into their mobile wallet. The Digital Debit Card is not an off-the-shelf product; rather, it is the culmination of development work between Chesapeake Bank with Trabian, Q2, and Jack Henry, it added.

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Nextech AR Solutions Corp has earned a repeat ‘Buy’ rating and an unchanged price target of US$2.50 from HC Wainwright & Co analysts after it announced a new modelling contract with a top 10 eCommerce retailer.

The analysts’ price target represents about a 300% upside on Nextech’s stock, with shares currently trading at about US$0.62.

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Jay Cheatham, chief executive of Pantheon Resources PLC (AIM:PANR, OTC:PTHRF), is confident that the company’s Alkaid #2 well on Alaska’s North Slope will prove a commercial success, despite several ‘niggles’ faced during the well cleanout process.

Pantheon, the AIM-quoted oil and gas company, announced on Friday that the Nordic Calista #2 rig, contracted for the Alkaid #2 clean-out operation, has successfully pulled the tubing and packer and has now moved off the wellhead.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said its diesel usage has been slashed following the start-up of a solar power generator at the Blanket mine in Zimbabwe.

The 12MWac solar plant, which was connected to the Blanket mine electrical grid in November 2022, is operating better than expected and generating more power than anticipated, Caledonia added.

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Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) said it has arranged a non-brokered private placement of 1.2 million flow-through (FT) shares at a price of 15 cents per share for gross proceeds of $180,000. Each FT share consists of one common share that qualifies as a 'flow-through share' as defined in subsection 66(15) of the Income Tax Act and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of C$0.20 per share. The net proceeds from the offering will be used by the company for exploration expenses on the Company's British Columbia mineral properties. Directors, officers or other insiders of the company may participate in the offerings, and such parties may sell securities of the company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of regulated markets for 12,000 US and international securities, has announced that Autoscope Technologies Corporation, a global company dedicated to helping improve safety and efficiency for cities and highways, has qualified to trade on the OTCQX Best Market having previously traded on NASDAQ. Autoscope Technologies begins trading today on OTCQX under the symbol AATC. “We are excited to commence trading on the OTCQX Market,” said Frank Hallowell, interim chief executive officer for Autoscope Technologies. “The decision to start trading on the OTCQX Market should result in a benefit to the company’s shareholders by reducing the expenses and permitting management to focus on operating and growing the company. We are focused on delivering shareholder value and look forward to offering investors the opportunity to invest strategically in technology and engineering companies.”

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from its Small Cap Growth Virtual Investor Conference held on February 9th are now available for online viewing at https://bit.ly/3YBhEMc.

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