Victoria Oil & Gas PLC (LON:VOG) jumped higher after it announced that its wholly-owned subsidiary Gaz du Cameroun SA (GDC) is to resume gas supply to the Logbaba 30 megawatt (MW) power station after signed a binding term sheet with grid power provider, Eneo Cameroon SA (ENEO).
Premier African Minerals Limited (LON:PREM) shares shot higher after the group said it has been informed that the Zimbabwean Government is willing to inject the funds required to resuscitate the RHA tungsten mine.
Westminster Group PLC (LON:WSG) has revealed that the majority of issues and challenges created by the US sanctions renewal against Iran have now been addressed and the security contract for one of 60 airports in the country, which was signed in May 2018, remains a key focus for the company.
Eland Oil & Gas PLC (LON:ELA) said that drilling on the third appraisal well on the Gbetiokun field in Nigeria has successfully encountered hydrocarbon bearing sands and added that operations will continue down to the remaining target reservoir.
Vast Resources PLC (LON:VAST) saw a jump in its first-half revenue driven by its two operational mines in Romania and Zimbabwe, although higher expenses and a foreign exchange loss weighed on overall numbers. For the six months to 30 September 2018, the AIM-listed miner saw its revenue increase by 47%% to US$21.942mln, up from US$14.882mln a year earlier.
Savannah Resources PLC (LON:SAV) has appointed SP Angel Corporate Finance as its nominated adviser with immediate effect. The group said the appointment comes as a result of the proposed merger between SP Angel and Savannah's previous Nomad, Northland Capital.
Eight Peaks Group PLC (LON:8PG) announced that, further to its previous announcement of 20 December 2018, Zafar Karim, its executive chairman, and Lord Nicholas Monson, a non-executive director of the company, have now subscribed for a total of 1,000,000 and 700,000 new ordinary shares, respectively, at a price of 10p each. Following the subscription, the group added, Karim and Monson, will have beneficial interests representing approximately 7.9% and 4.0%, respectively, of the company’s enlarged ordinary share capital.
Rockfire Resources PLC (LON: ROCK), the Queensland gold and copper-focused resources company, announced the appointment of Allenby Capital as its nominated adviser with immediate effect. The firm said First Equity Limited will continue to act as broker to the company.
Rockfire Resources also announced the appointment of Ian Staunton as a non-executive director effective immediately. It noted that Staunton has worked in the City of London for more than 40 years, in roles including Audit Partner, Corporate Finance Partner and Equity Partner in various accounting firms.
Chaarat Gold Holdings Limited (LON:CGH) announced on Friday that it has raised US$350,000 after entering into an agreement with an unnamed investor for the subscription and issue of secured convertible loan notes exercisable in 2021.