The agriculture company said 32 containers have arrived at the port of Abidjan in Côte d'Ivoire, destined ultimately for Tiebissoue where the company is developing a raw cashew nut processing project.
Manufacturing of the milling equipment for the Tiebissou Project continues in Italy. Groundworks are continuing at the site in Tiebissou, and management believes the mill will commence production in the second quarter of next year.
2.15pm: RockRose blooms as it is taken out by global commodities trading firm
Viaro Energy, a global commodities trading firm, has offered a price of £18.50 per share to acquire Rockrose. It marks a premium of 64% to Friday’s closing price and 91% to the volume weighted average price for the past three months.
Rockrose produces around 20,000 barrels of oil equivalent per day from a portfolio of assets in the UK and Dutch North Sea.
1.00pm: Big Dish slides as many restaurants take a wait-and-see attitude towards reopening
The texchnology firm, which provides an app that enables restaurants to attract customers during times of low demand, will switch to a software-as-a-service model, charging a monthly service fee rather than charging on a per transaction basis.
BigDish reported that many restaurants that were able to reopen from Saturday adopted a wait-and-see attitude.
11.45am: Mobile Streams tries its arm at an SaaS offering
The SaaS Platform “represents the natural evolution of the company's current 'Streams' platform”, the technology firm said and provides many of the features available under the company's existing Streams platform, which is a software product that provides information on how well a customer’s digital marketing strategy is performing.
The company has signed up 30 initial customers to what is its first SaaS offering.
10.30am: Boohoo shares get the boot
Not for profit group Labour Behind the Label alleged staff at the online fashion giant’s factories in the city had worked as normal throughout the coronavirus crisis and been ordered to come to in even when sick.
Leicester was locked down for a second time this week after a surge in cases of the virus, with the city’s manufacturing base cited as one reason. Labour Behind the Label claims that Boohoo accounts for at least 75% of clothing production in the city.
Sealand Capital Galaxy Limited (LON:SCGL), up 88% at 3.10p, was the top riser in early deals on Monday after it formed a joint venture with Chinese e-commerce giant, Tencent.
The company said it had restructured its ePurse business, with the unit being folded into a wholly-owned subsidiary of Tengwuyang Holdings, a newly formed joint venture company with Tenet, a subsidiary of Tencent-Dayuewang.
Dayuewang is a website with a Chinese user-base that is ultimately owned by Shenzhen Tencent Computer Co. Ltd and the Nanfang Media Group.
The AIM-listed artificial intelligence specialist will work with Esri, an international supplier of geographic information system software, on solutions for ARTC, an organisation that manages most of Australia’s interstate railway network.
The plan is to replace the manual method of surveying rail track infringements and track clearances with the automated Machine Learning process from Maestrano subsidiary, Corridor Technology.
Proactive news headlines:
Thor Mining PLC (LON:THR) (ASX:THR) said its Molyhil tungsten project has been awarded Major Project status by the government of the Northern Territory in Australia. The chief minister of the Northern Territory, the Honourable Michael Gunner MLA and Thor Mining chairman, Mick Billing, announced a Project Facilitation Agreement (PFA) between the government and the company on Saturday, July 4. The company is currently pursuing US$43mln in project finance for the development-ready Molyhil project.
4D pharma plc (LON:DDDD) has said the crucial next stage of a cancer clinical study is underway with four new sites added in the US to accelerate patient recruitment. Up to 30 people per tumour type will participate in Part B of the company’s phase I/II trial to assess its live biotherapeutic, MRx0518, in combination with immune checkpoint inhibitor Keytruda. The assessment will look for a meaningful clinical impact on cancer patients that have become resistant to this type of therapy. Researchers are looking for a complete or partial response or stable disease for six months or longer.
i3 Energy PLC (I3E) has signed a binding agreement to acquire private Canadian oil and gas company Gain Energy through a reverse takeover for US$58.8mln. AIM-listed I3 had flagged the deal two weeks ago, but not named the target. Gain operates in the Western Canadian Sedimentary Basin, the same area of operation as Toscana, another Canadian company I3 agreed to buy two weeks ago. Gain produced at a rate of around 11,000 barrels per day equivalent throughout 2019 and generated around US$34mln in underlying profits.
Zoetic International PLC (LON:ZOE) has announced its first international distribution contract, with a deal in the Czech Republic and Slovakia for its Chill brand tobacco alternative CBD products. The company noted that Chill branded products now have a ‘clear roadmap’ for distribution and sale across filling stations and tobacco retailers in the two countries. Further discussions are ongoing with distributors in other territories, it added
OptiBiotix Health PLC (LON:OPTI) has extended its distribution agreement with a company called CTC Holding to include an additional product. CTC will now sell WellBiome in Philippines, Vietnam, Indonesia, Colombia, the Dominican Republic and Guatemala in addition to OptiBiotix weight management products SlimBiome, SlimBiome Medical and GoFigure. WellBiome is a blend of prebiotic functional fibres, functional dietary fibres and mineral that promote the diversity of the gut microbiome.
Supermarket Income REIT PLC (LON:SUPR) has entered into a £74.1mln sale and leaseback transaction with supermarket group, Waitrose & Partners, part of the John Lewis Partnership. The acquired portfolio comprises six freehold supermarkets with an average gross internal area of 32,000 square feet. The stores are let to Waitrose on new 20-year leases with a tenant-only break option in year 15 and are subject to five-yearly, upward-only, CPIH inflation-linked rent reviews; the rent will go up by a minimum of 1% each year and a maximum of 3%.
Frontier IP Group PLC (LON:FIPP) said its portfolio firm, Fieldwork Robotics has signed an agreement with German engineering group Bosch to accelerate the development of its robot technology to harvest soft fruit and vegetables. The intellectual property investor said Bosch UK will collaborate with Fieldwork’s engineers to optimise its soft robotic arms and develop software to reduce the arms’ cost and increase their speed. Fieldwork is currently focused on developing robots to harvest raspberries, which are more delicate and more easily damaged than other soft fruits and grow on bushes with complex foliage and berry distribution. Frontier, which holds a 26.9% stake in Fieldwork, said the deal with Bosch was “a significant step forward” in commercialising the robotics group’s technology.
Iconic Labs PLC (LON:ICON) has updated on its support for a bid by Greencastle Capital to acquire Maximum Media Limited and for the assets of Joe Media Limited, the owner of the JOE social media publishing brand. In an announcement after Friday’s close, the media technology group said, following its initial announcement of the bid on June 16, Greencastle is in “continued discussions” with Joe Media and should the bid be successful it will enter a management services agreement with Greencastle to manage the JOE assets. Meanwhile, Iconic said its planned acquisition of Social Alchemist, which was planned to complete in the first quarter of 2020, has been delayed by the coronavirus pandemic and that it is in talks to renegotiate the terms of the agreement to provide “maximum flexibility”.
Collagen Solutions PLC (LON:COS), the developer and manufacturer of biomaterials and regenerative medicines, has altered the repayments scheme on bonds it issued to Norgine Ventures. The company and Norgine have hammered out an amendment on the timing of principal repayments on the Tranche A and Tranche B Bonds. The variation provides for a reduction in the capital payments from July 1 and delays the balloon payments (a large payment due at the end of a loan) on the redemption of the bonds. Before this agreement, the company had repaid £1.96mln of the principal, having drawn down £3mln in total.
Galantas Gold Corporation (CVE:GAL) (LON:GAL) has increased the size of the private placement it first announced in June. The money raised will now amount to C$637,454, or £376,240. The placement price is £0.1328p per share. The net proceeds will be used to support mine operations and provide general working capital for the company.
Touchstone Exploration Inc. (LON:TXP) (TSX:TXP) announced that Dr Harrie Vredenburg, a non-executive director of the company exercised share options representing a total of 80,000 common shares of no par value on June 29, 2020, at C$0.33 (about 19.5p) per Common Share. It also noted that, on July 3, 2020, Vredenburg sold 38,282 common shares at a weighted average price of C$0.90 (approximately 53.2p) per common share on the Toronto Stock Exchange.