Polo Resources Limited (LON:POL) has increased its interest in Malaysia-listed Hibiscus Petroleum to 10.2% through a share subscription.
Cell engineering specialist MaxCyte Inc (LON:MXCT) said it is on track to hit its revenue target for the year. It said sales for the first half of the year were “not less than” US$5.4mln”, up from U$4.2mln at the same point last year.
Resources investor Metal Tiger PLC (LON:MTR) is to take 9.4% stake in investment in Indian gold specialist Kolar Gold Limited (LON:KGLD). Metal Tiger will invest £200,000 cash for 18.2mln new shares at 1.1p per share and receive a similar number of warrants exercisable at double the price.
Providence Resources PLC (LON:PVR) has upgraded its estimates of the Newgrange exploration prospect, offshore Ireland, and told investors it could cost just US$22.5mln to add an extra well to an upcoming programme.
Europa Oil & Gas (Holdings) Plc (LON:EOG) chief executive Hugh Mackay has highlighted that securing an exploration partner offshore Ireland is a short-term priority.
The company, which has already developed high impact drill targets, now has a significant portfolio of exploration acreage in Ireland’s increasingly high profile Atlantic Margin and it highlights that the Irish government has now provided new detail regarding recent licence awards.
Mkango Resources Ltd (LON:MKA, CVE:MKA) chief executive William Dawes said the group was 'excited' about the results of a recent airborne survey over two thirds of its 137 sq km Thambani licence in Malawi.
The work was part of a US$25 million World Bank funded nationwide airborne programme flown at 250 metre spacing.
Africa-focused timber and food firm Obtala Resources Ltd (LON:OBT) has expanded its sales agreement with Asia based trading company Basic Materials Ltd (BML) Ltd into its agricultural business.
It struck a joint venture with BML earlier this year over marketing and selling its timber products from Mozambique and now it has expanded this into its agri-business.