Tidal power specialist Atlantis Resources PLC (LON:ARL) has met the its minimum subscription amount of £2mln through its bond launched with renewable–focused peer-to-peer lending platform Abundance Investment.
Strong demand has seen £2.6 mln, more than 52% of the maximum amount, subscribed to in the first week since launch. Subscriptions will continue up to a maximum of £5 mln.
Sound Energy PLC (LON:SOU) has told investors that the gas discovered in the Badile exploration well is likely to be “sub-commercial”. In a stock market statement, the company reported that the well was drilled down to a depth of 4,472 metres, with further significant gas shows observed along with water influx and losses of mud into what are believed to be fractures in the formation.
The countdown is on for Jersey Oil and Gas PLC’s (LON:JOG) high impact summer exploration programme in the North Sea. In a statement, Jersey has confirmed that the Transocean Spitsbergen rig has been mobilised for a three well programme under contract with Statoil.
Genetic biomarkers supplied by Horizon Discovery Group PLC’s (LON:HZD) were used as the reference standard in a recent US pre-market approval application for a colorectal cancer diagnostic tool, it said today.
Plastics Capital Plc (LON:PLA) reported strong growth in revenues in its latest full year helped by a Brexit tailwind. Revenues rose 29.5% to £65.8mln, while underlying profits were 7% higher at £4.35mln.
Trevor Brown, a director of Flying Brands Ltd (LON:FBDU), has elected to convert £56,000 of his convertible loan notes into 5.86mln Flying Brands shares. The notes, which were issued in March 2015, were converted at 1.1p a share.
Quartix Holdings plc (LON:QTX) is on the right route to achieving full-year expectations. New installations of tracking systems grew by 44% year-on-year to 14,300 vehicles.
Tethyan Resources PLC (LON:TETH) has completed a four-hole drilling programme on the Rudnitza copper porphyry prospect on the Suva Ruda project in Serbia. The core samples are now undergoing analysis at ALS Laboratories in Bor, Serbia, with results expected in August,
Amur Minerals Corporation (LON:AMC) has appointed a corporate advisor to assist in securing financing for the development of its Kun-Manie nickel and copper project in Russia.Medea Capital Partners Ltd. will advise Amur on its financing options for the project, including the debt market, off-take agreements and strategic equity partners.
Ferrum Crescent Limited (LON:FCR) has disposed of its Moonlight iron ore project in South Africa for a nominal A$1,000. Instead the focus will be on zinc assets in Spain, where exploration is underway.
Anglesey Mining plc (LON:AYM) will release results from an updated scoping study at Parys Mountain later this month. The studies are expected to show reduced operating costs and increased output at the copper-zinc project
Agronomic tests at the Arapua project of Harvest Minerals Limited (LON:HMI) have demonstrated the fertiliser product to be a highly effective nutrient and soil reconditioner
Trevor Brown, a director of Flying Brands Ltd (LON:FBDU) has elected to convert £56,000 of his convertible loan notes into 5.86mln Flying Brands shares.