Ariana Resources has entered into a convertible loan agreement with Venus Minerals to enable the Apliki Project in Cyprus to move forward.
It will forward £500,000 through a convertible loan with a 10% coupon to give Venus breathing space to focus on its proposed listing on AIM.
Incanthera PLC (AQSE:INC) said it has taken steps to extend its cash runway until the end of 2023 to enable discussions to continue on a commercial deal for Sol, its pioneering skin cancer-blocking suncream,
The Aquis-listed group said the talks now include the potential for a full Sol product range.
SEED Innovations Ltd (AIM:SEED, OTC:FFRIF) says the weakness of the cannabis sector affected the value of its portfolio. Since the end of March 2022, the investment company’s net assets have dropped to £17.8mln from £20.5mln, largely due to the reduction in the prices of Fralis and Little Green Pharma.
Catenae Innovation PLC (AIM:CTEA) said it expects that it will be in a position, by 1 October 2022, to notify and publish its audited final results for the year ended 30 September 2021 and its unaudited interim results for the six-month period to 31 March 2022.
After that, the company expects that trading on AIM in its shares will be restored.
Catenae Innovation added it had appointed John Farthing, its CFO, and Sherene Thompson, spouse of chairman Brian Thompson to the board of Hyperneph with immediate effect.
Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR)noted that Southern Gold has published preliminary assay results on the progress of its exploration program in South Korea.
Following a major data compilation and targeting study, several promising Brownfields and Greenfields projects have been added to the portfolio, including 4 new Brownfields projects containing, or adjacent to, historic gold mines it said.
As of 31 July 2022, Southern Gold has lodged 71 new licence applications, increasing its total exploration licenses under application and granted to 153, covering an area of 429sq km.
Metal Tiger owns 19.1% of Southern Gold’s issued share capital.
Scirocco Energy PLC (AIM:SCIR) said it has received a letter from a group of shareholders requesting a general meeting. It proposes to send a circular convening the meeting no later than 15 September 2022.