Solo Oil PLC’s (LON:SOLO) executive chairman Neil Ritson is to retire before the end of 2018 as part of a board restructuring designed to ready the company for the future.
Columbus Energy Resources PLC (LON:CERP) has expanded its footprint in southern Trinidad with the acquisition of Steeldrum for £4.4mln in shares. Steeldrum is producing at a rate of 200-250 barrels oil daily currently and has reserves of 5.6mln barrels at the Innis-Trinity and South Erin fields and 1.1mln within the Cory Moruga development project.
Telit Communications Plc (LON:TCM), the Internet of Things (IoT) enabler, has agreed to sell its automotive division to TUS International for US$105mln in cash.
W Resources PLC has revealed that initial assays results from the reverse circulation (RC) drilling campaign at its São Martinho gold project in Portugal has shown thick gold intersections and high grades. The AIM-listed firm said highlights from the first seven holes of the 15-hole campaign are a 25 metre intersection of gold at 0.85 grams per tonne.
Minds + Machines Group Limited (LON:MMX) has received approval to launch a new batch of generic top-level domains in China: .fashion, .fit, .yoga and .luxe.
Challenger Acquisitions Limited (LON:CHAL) shares jumped higher on Friday after setting investors’ tongues wagging after it called a shareholder conference call for next Wednesday afternoon. The group said its chief executive Mark Gustafson would answer questions from investors and also explain “the rationale for the AGM location”.
Itaconix Plc (LON:ITX), said that, following the completion of its £4.3mln fundraising announced yesterday, the group will now have sufficient working capital for a period of at least 12 months. Consequently, it added, the suspension in trading of the company's shares on AIM will be lifted at 7.30 am on Monday 16 July 2018.
Tertiary Minerals plc (LON:TYM) said Swedish authorities have advised against granting a mining permit for the Storuman fluorspar project in its current form but it is considering its next steps to overcome the hurdle.
Next Fifteen Communications Group Plc (LON:NFC) has snapped up digital marketing business Technical Associates Group in a deal worth up to £3.6mln.
genedrive PLC (LON:GDR), the rapid diagnostics specialist, said it is applying for an additional £2mln of grant funding as it updated on current trading. The awards will be used to progress work on the company's hepatitis-c and tuberculosis products.
Lionsgold (LON:LION) has announced the appointment of Michael Anthony Corcoran as its interim chairman and non-executive Director with immediate effect. The AIM-listed gold company, said concurrently with Michael joining the board, David Price, its non-executive chairman, has stepped down from the board to focus on his role as CEO of a separate company.
Cadence Minerals Plc (LON:KDNC) has told investors that Auroch Minerals (ASX:AOU) has partnered with DDH1 Drilling to carry out the “aggressive maiden drilling programme” at its Arden and Bonaventura zinc projects in South Australia. Cadence holds a 7% stake in Auroch.
Providence Resources PLC (LON:PVR), the Ireland-based oil & gas exploration company, confirmed that, having received approval from the Minister of State at the Department of Communications, Climate Action and Environment, the farm-out comprising the assignment of equity (35%) and transfer of operatorship of FEL 2/14 to TOTAL E&P Ireland BV has now completed.
Obtala Ltd (LON:OBT) said its chairman Miles Pelham had sold 9mlnshares in the company at a price of 8.0p each in a deal worth £720,000.