Lionsgold Limited (LON:LION) has revealed the results of a feasibility study conducted on the Jonnagiri gold project in Andhra Pradesh in India, in which it holds an interest via a 21.15% stake in Geomysore Services India Pvt Ltd. Based on a 151,020 ounce probable reserve of gold the project shows a net present value of USD$28.2 million, applying an 8.48% discounted cash flow rate.
Iofina plc (LON:IOF) said production from its iodine recovery facilities could exceed expectations after bumper third quarter as it gave an update on progress building its latest plant. IO#7 is on time and within budget, the company said.
Cancer treatment pioneer Nanobiotix SA (EPA:NANO) generated third quarter revenues of €33,018 to bring the total for nine months this year far to €91,663.
Nanobiotix is at a very early stage of its development and most of the revenues came from services crossed-charged to its partners.
IXICO Plc (LON:IXI) has landed another contract to support wrist-worn activity monitors being used by psychiatric patients taking part in a late-stage clinical trial. The deal, the second of its kind, is with an unnamed leading biopharmaceutical and is worth £750,000 over two years.
Oil and gas drilling services provider ADES International Holding Ltd (LON:ADES) has been awarded a new contract for its ADMARINE III offshore jack-up rig from one of its original customers.The deal with General Petroleum Company is for an initial two-year period, although there is an option to extend that for another two years.
Myanmar-language social media, entertainment and payments platform MySQUAR Limited(LON:MYSQ) has appointed Stephen Chong as chief operating officer with immediate effect.
Aircraft lessor Avation PLC (LON:AVAP) has expanded its aircraft options pipeline to 30 new ATR72-600 aircraft over the next five years. Previously it had 27 options over new ATR72-600 turboprop planes.
Plexus Holdings Plc (LON:POS) chief executive Ben van Bilderbeek has described the drop in the group’s financial results as inevitable. In Thursday’s release, which comes after the announcement that Plexus is selling its jack-up exploration services business, the company reported annual revenue of £4.75mln for the twelve months ended June 30, down from £11.2mln.
Kibo Mining PLC (LON:KIBO) has persuaded Tanzania’s state power company Tanesco to speed up the finalisation of a power purchase agreement for the Mbeya (MCPP) project. An updated memorandum of understanding for the thermal power station has been submitted to Tanzania’s energy ministry and Attorney General for final sign off.
OPG Power Ventures (LON:OPG) said the scrip dividend reference price for the ordinary shares to be issued to shareholders will be 26.023p per share. The shareholders elected to receive the scrip dividend alternative for the company's final dividend of 0.72p per share.
Green Dragon Gas Ltd. (LON:GDG) said it continues to progress negotiations of the inter-creditor terms with its bond holders, as noted in its debt maturity extensions update on 30t October 2017.
Medical device company Belluscura Limited, part-owned by Tekcapital PLC (LON:TEK), has announced its intention to float on the London Stock Exchange’s junior market AIM. Belluscura is seeking to raise £7.5mln to £10mln in the placing and expects to begin trading in December.
Greka Drilling Ltd (LON:GDL) has confirmed it has now entered into a three-year drilling contract in India. The Oil and Natural Gas Corporation (ONGC) has contracted Greka to the Bokaro CBM asset, where it will provide drilling and mud services.
Highlands Natural Resources Plc (LON:HNR) has told investors of a significant step-up in flow back from the two new wells at the East Denver project. The operations at the Wildhorse and Powell wells yielded a combined flow rate of 1,022 barrels oil equivalent per day, in the 24-hour period ending 10pm November 15. It marks a 60% increase in production rates since November 10.
Belvoir Lettings PLC (LON:BLV) said it will not proceed with a merger offer for The Property Franchise Group PLC (LON:TPFG). The company had announced a possible bid on Tuesday and a number of common institutional shareholders had publicly stated their support for talks.
Brady Plc (LON:BRY) said Kestrel Partners LLP has raised its stake in the company to 27.02% from 26.04%.
Metal Tiger PLC (LON:MTR) had advised the issue of a further 256,735 new shares in respect of 5,000 of warrants. The warrants have been converted at an issue price of 1.95p. It added that the number of warrants extended by an agreement to 28 February 2018 is 199,500 and not 204,500 as originally stated on 6 November.
Eco (Atlantic) Oil & Gas Ltd (LON:ECO) said the subscription of shares by Africa Oil Corp (AOC) has been completed. AOC has received 29,200,000 new common shares in Eco and now holds an interest of about 19.77% in the company.
European Wealth Group Limited (LON:EWG) said Kingswood intends syndicate up to 49% of a proposed funding and is offering shareholders the opportunity to participate at a minimum investment of £50,000.