Solo Oil PLC (LON:SOLO) has agreed to cash out of the Horse Hill discovery whilst an extended well testing programme is ongoing. It has struck a deal with UK Oil & Gas Investments PLC (LON:UKOG) which will see Solo receive £4.5mln of cash and 234mln UKOG shares - 4.2% of the company.
Metminco Limited (LON:MNC) has confirmed a mineralised porphyry system at the Tesorito gold prospect in Colombia. Results from drilling indicate a significant near surface porphyry which is located only 800 metres from the gold reserves and resources at Metminco’s Miraflores deposit.
Challenger Acquisitions Limited (LON:CHAL) saw its shares jump on Wednesday following news that the firm has cancelled £544,556 in convertible loan notes and will record a gain on the transaction and the related interest savings. The group said it had executed a Convertible Note Purchase Agreement with two existing and independent convertible note holders.
African Battery Metals PLC (LON:ABM) has decided to discontinue its activities in Sierra Leone after a review of its assets following the acquisition of two new nickel and cobalt projects in Cameroon and Cote d'Ivoire.
Symphony Environmental Technologies plc (LON:SYM) has reported increased revenues for the first half of the year as its d2p range of products began to contribute to its balance sheet.
The chief executive of OptiBiotix Health plc (LON:OPTI) has hailed the past six months as an “exciting period of growth” for the life sciences group.
Blockchain and cryptocurrency investor Coinsilium Group Limited (AQSE:COIN) has agreed to a new advisory partnership with a subsidiary of Singapore listed Y Ventures. Coinsilium will be working with Y Ventures subsidiary Luminore on the back of its initial coin offering, in which it issued its AORA tokens for the AORA blockchain-enabled e-commerce platform.
Tlou Energy Limited (LON:TLOU) managing director Tony Gilby, in today’s final results statement, described “a very productive year” for the company. Among the company’s highlighted achievements was the ‘significant upgrade of independently certified gas reserves’ for the Lesedi and Mamba areas, the listing onto the Botswana Stock Exchange and the securing of a mining licence.
An increase in contractor demand boosted tech recruiter Harvey Nash PLC’s (LON:HVN) first half revenues. Billings in the half year to July rose 25% to £527mln, while gross profit or sales were 11% higher at £51.7mln.
Event-driven marketing specialist Mporium Group PLC (LON:MPM) saw revenues increase by one-tenth year-on-year in the first half of 2018.
The first half saw income investors’ favourite Chesnara Plc (LON:CSN) generate more than sufficient cash to fund its dividend strategy.
IXICO Plc (LON:IXI) has expanded its contract with a biopharmaceutical company, taking the total value to €1.3mln.
i3 Energy Plc (LON:I3E) has contracted Gardline Limited for a survey over the Liberator field ahead of a development programme. The survey sets out to cover the areas of two planned production wells, which are pencilled in for the Phase I development, in addition to the planned export pipeline route and possible drill location for the Liberator West appraisal well.
Cadence Minerals Plc’s (LON:KDNC) investee company Auroch Minerals has significantly expanded its footprint across the Arden and Bonaventura projects in South Australia. Big Pic in February.
Base Resources Limited (LON:BSE) (ASX:BSE) has said the latest company presentation, which was presented today at the Africa Down Under Conference in Perth, Western Australia, is available from the company’s website. www.baseresources.com.au
LIVE Company Group PLC (LON:LVCG) announced late yesterday that Simon Bennett has resigned as a non-executive director of the company, with immediate effect, in order to pursue other opportunities. The group said it is currently in advanced discussions over the appointment of two additional independent non-executive directors, and a further announcement in this regard will be made in due course.