Echo Energy Plc (LON:ECHO) has announced a gas discovery in the ELM-1004 exploration well, at the Fracción C asset, onshore Argentina. As the first well in a four well programme, it marks a successful start to Echo’s exploration campaign.
Scotgold Resources Limited (LON:SGZ) said it has secured the final tranche of funding for the construction of the Cononish gold mine.
Rare earths group Mkango Resources Ltd (LON:MKA) has signed off its agreement with trading group Noble to develop the Songwe Hill licence in Malawi. Talaxis, a subsidiary of Noble, will acquire up 75% of Lancaster Exploration, which holds the licence, and up to 49% of Maginito, a downstream rare earths business.
SDX Energy Inc (LON:SDX, CVE:SDX) has revealed better than expected gas flow rates from the latest gas discovery well at the South Disouq project, onshore Egypt. The Ibn Yunus 1X well had encountered just over 100 feet of net natural gas pay in the Abu Madi formation, and, in flow testing it yielded a stabilised rate of 39.3 mln cubic feet. Big Pic in November.
Finance provider S & U Plc (LON:SUS) said loan applications at its motor finance business, Advantage Finance, have reached record levels.
Seeing Machines Limited (LON:SEE) has welcomed the key recommendations of the European Commission issued in Brussels yesterday on road safety. Focused on the mobility sector, the Commission has put forward measures to lead an integrated policy for the future of road safety, with specific proposals to mandate that new models of vehicles are equipped with advanced safety features.
European Wealth Group Limited (LON:EWG), the integrated wealth management group, is seeking to strengthen its balance sheet. The group is in the process of acquiring US-based broker-dealer platform Newbridge, in conjunction with which it entered into a syndicated facilities agreement with Kingswood; EWG said it now plans to ask Kingswood to proceed with the conversion of a proportion of the convertible facilities on the basis of 16.5p per EWG share.
Union Jack Oil PLC (LON:UJO) executive chairman David Bramhill said he’s delighted with the government’s statement which yesterday gave “wholehearted support” to the UK's onshore shale gas industry.
Live Company Group Plc (LON:LVCG) said its BRICKLIVE Kids Café will launch next month at the Dongdaemun Design Plaza in Seoul, South Korea.
OptiBiotix Health plc (LON:OPTI) has announced that its weight management ingredient SlimBiome has won the award for Weight Management Ingredient of the Year at the Vitafoods European tradeshow in Geneva.
Arc Minerals Ltd (LON:ARCM) said it has been notified that its executive chairman, Nick von Schirnding, purchased 471,075 shares in the company yesterday at a price of 2.73p each. Following the transaction, the group added, von Schirnding holds a beneficial interest in 7,631,075 ordinary shares representing approximately 1.42% of the company's issued share capital.
Greencoat UK Wind PLC (LON:UKW) said today that the share placing it announced on 8 May 2018 raised gross proceeds of £118.8mln. The group added that net proceeds will be used to complete the purchase of UKW's further shareholding in the Clyde wind farms on 30 May 2018.
PowerHouse Energy Group PLC (LON:PHE) announced an equity issue of 17,894,737 ordinary shares to service providers for the settlement of fees. Of the total shares, 7,894,737 are being issued at 0.76p each and 10,000,000 at 0.5p per share in accordance with the terms of the relevant service agreements.
Thor Mining PLC (LON:THR) (ASX:THR) today posted a notice of a general meeting to be held at 9am on 7 June 2018 at the offices of Grant Thornton UK, 30 Finsbury Square, London EC2P 2YU.