Gaming machine hardware maker Quixant (LON:QXT) has agreed a £7.7mln deal to buy electronic screen maker Densitron Technologies (LON:DSN).
Densitron said the deal is worth 11p per share, representing an almost 30% premium to yesterday’s close.
Elsewhere in the tech sector, AdEPT Telecom (LON:ADT) has been shocked and saddened to learn of the death of its non-executive deputy chairman, Christopher Fishwick.
Fishwick, who had been a director since 2009, died unexpectedly.
Metano Capital, a wholly owned subsidiary of Continental Investment Partners, of which Sound Oil (LON:SOU) director Marco Fumagalli is managing partner, has acquired 250,000 Sound shares at 14.2p each.
The purchase takes Continental and its affiliates' stake up to 13.05% of Sound Oil.
Highlands Natural Resources (LON:HNR) said a unit oil field services firm Schlumberger has signed indicative terms to license a re-fracking technology that could become a “major disruptive force” in the industry.
Schlumberger wants to evaluate the potential of DT Ultravert (DTU) by assessing the data gained from five field trials over a year.
The technology has been developed by Diversion Technologies and specifically Paul Mendell, who created AIM-listed Iofina.
In–vehicle CCTV group Servision (LON:SEV) has raised £800,000 gross through a share issue to provide working capital for a growing order book.
Shares were sold at 3.5p, a 24% discount, with £618,000 firmly placed already, while shareholders need to approve the issue of the remainder.
Recent changes to UK government policy will cost it £7mln and have made it tough to fund new wind and solar projects according to Renewable Energy Generation (LON:WIND).
REG has four new UK onshore wind projects in development.
These are unaffected by the early closure of the renewable obligation scheme for onshore wind and talks are underway with potential funders for these.
A review of other projects however will lead an impairment charge of at least £7mln in the results for the year to June.
After the impairment, capitalised development costs will total approximately £6.5mln for projects REG sees as still having development potential.
Underlying profits [EBITDA] will be in line with market expectations at about £1.3mln.
Sticking with the green theme, Environmental products developer Symphony Environmental (LON:SYM) has upped spending on research & development as it seeks to strengthen the product range, while it has also spent more on promotional activity.
The increased spending was responsible for the company posting a small loss before interest, tax, depreciation and amortisation in the first half of 2015 of £110,000, versus a a profit the year before of £120,000.
Revenues edged up to £3.42mln from £3.33mln the year before, while the gross profit margin held steady at 52%.
Geoff Davies, Medusa’s Mining (ASX:MML) chief executive, said recent drilling has given the company the flexibility to adjust and remain profitable in the current gold price environment.
At the end of June Medusa’s Co-O gold mine in the Philippines had JORC compliant probable reserves of 427,000 ounces from 1.81mln tonnes of ore at a grade of 7.33 g/t.
The estimate was based on a gold price of US$1,150 per oz.
African Potash (LON:AFPO) is continuing to make significant progress in becoming a fertiliser trading firm.
Having lined up a number of deals to sell companies in the Common Market for Eastern and Southern Africa (COMESA) it has concluded pricing negotiations with one of them.
It will be paid US$500 a tonne on the 50,000 tonne delivery to a Zambian distributor.
President Energy (LON:PPC) has revealed a significant increase in oil reserves at the Puesto Guardian oil field in Argentina.
Proved (1P) oil reserves have increased 21% to 11mln barrels, while proved and probable (2P) reserves rose by 28% to 18.1mln barrels.
Proved, probable and possible (3P) reserves are now 32% larger at 23.1mln barrels.