Westminster Group PLC (LON:WSG), the supplier of managed services and technology based security solutions, delivered an upbeat end-of-year trading statement. The group expects to report an improved financial performance for 2016, both in terms of revenue and adjusted underlying earnings (EBITDA).
The eye tracking and facial recognition specialist Seeing Machines Ltd (LON:SEE) has signed a distribution agreement with an international fleet services company to develop a fatigue and distraction monitor to be used in trucks and buses.
BATM Advanced Communications Limited (LON:BVC) has received an investment in its medical diagnostics arm Adaltis that values the subsidiary at US$58mln. Chinese partner Egens Biotechnology Company has paid US$2.85mln for a 4.9% stake in Adaltis and is providing a US$1.5mln shareholder loan.
Kibo Mining PLC (LON:KIBO), the Tanzania-focused mineral exploration and development company, has agreed a financing deal with Sanderson Capital. Sanderson will provide US$2.94mln in cash in five tranches between now and June of next year.
Alecto Minerals PLC (LON:ALO) is to take over the running of the mothballed Mowana copper mine in Botswana and bring it back on stream. The deal will be structured as a reverse takeover, with the current owner of the mine in north eastern Botswana ending up with a controlling stake.
Natural resources investing company Metal Tiger PLC (LON:MTR) today received High Court approval for the cancellation of the company’s share premium account and its Deferred Shares. The group said the move will create distributable reserves which may be used for corporate purposes, including the payment of dividends.
MaxCyte Inc (LON:MXCT) has inked a deal with a university that leads the field of research into acute myeloid leukemia to collaborate on treatments that use the body’s own immune system to tackle the deadly disease.
The annual general meeting of Minds + Machines Group Limited (LON:MMX) is set to celebrate a company that is now achieving positive underlying earnings (EBITDA). Chief executive Toby Hall was set to tell shareholders: “We have undertaken significant steps to restructure the business and position it to grow revenues across its broad portfolio of TLDs [top level domains].
Online business-to-business marketplace creator cloudBuy PLC (LON:CBUY) has forecast that the bottom line for 2016 will be a bit healthier than previously expected.
Numis Securities has totted up the pluses and minuses of yesterday’s update from Bacanora Minerals Ltd (LON:BCN, CVE:BCN) and called it about even.
LGO Energy PLC (LON:LGO) is itching to get drilling again at the Goudron field in Trinidad. In an end-of-year operational update following its recent fund-raising exercise, it revealed the signing of an initial two well drilling contract is imminent.
KEFI Minerals plc (LON:KEFI) offers potential upside of 200% if the uncertain political situation in Ethiopia eases, suggests house broker Beaufort Securities. An update yesterday highlighted that its Tulu Kapi mine development is still viable at current gold prices and that the expectation is for the state of emergency in the country to be lifted at the end of the first quarter.
Aminex plc (LON:AEX) and SOLO Oil PLC (LON:SOLO) hailed the spudding or start of the latest well at the Ntorya gas field in the Ruvuma Basin in Tanzania. An appraisal well, Ntorya-2 is being drilled four years after Ntorya-1, the original exploration well, and 1500m away.
Proxama PLC’s (LON:PROX) proximity marketing technology will be coming to a mall near you after it signed an exclusive revenue share contract with one of the UK’s leading advertising firms.
Vast Resources PLC (LON:VAST) is planning a major expansion of zinc and copper production at its Manaila mine in Romania. The miner has just started sales of a zinc concentrate mined from Manaila.
Gravendonck Private Foundation, a long-time backer of Active Energy PLC (LON:AEG), has increased its equity stake in the renewable energy specialist. Active’s major shareholder is to convert US$1.02mln of existing debt into equity.
Russia-focused junior miner Eurasia Mining plc (LON:EUA) has entered into a new £1mln funding facility with a syndicate led by Sanderson Capital. The facility includes £500,000 drawn down under the previous loan arrangement between the two.
Amur Minerals PLC (LON:AMC) has potentially 30% more mineable nickel at one of its main targets at Kun-Manie in Russia than previously estimated, a new study has indicated. Work by consultant Runge, Pincock, Minarco on the Maly Kurumkon/Flangovy (MKF) deposit has upped the possible mineable nickel reserves by 59,000 tonnes (31%).
Xtract Resources PLC’s (LON:XTR) chairman Colin Bird is heavily supporting a new fund raise for the junior miner.The AIM-listed group intends to raise £220,000 gross at a price of 0.0165p per share, a 10% premium to two days ago.
Russian gold miner Petropavlovsk PLC (LON:POG) said the US$295mln loan facility from Sberbank is now available. Meanwhile, the US$135mln senior secured term loan facility from VTB has been amended and restated with an effective date of 19 December 2016.
BOS GLOBAL HOLDINGS Limited (LON:BOS) is carrying out a piece of corporate house-keeping that will allow it to focus solely on its BOS360 Work Patterns product. In doing so it offloading what terms as non-core assets.
Specialist engineering group Hayward Tyler Group PLC (LON:HAYT) is considering enlarging its secured loan note programme.The programme was initiated in 2015 to fund the group’s expansion, including the extension of its Centre of Excellence in Luton.
Junior miner Ariana Resources plc (LON:AAZ) has taken 100% ownership of the Salinbas gold project in Turkey. Partner Eldorado Gold will receive a 2% net smelter royalty on any gold produced in return for its 51% stake.