Proactive news headlines: Filta Group, [email protected] Capital, IQ-AI, Scotgold Resources …
Filta Group Holdings PLC (LON:FLTA) said it has secured exclusive rights to a new broad-spectrum disinfectant that can be deployed without the need to evacuate a room or to require extensive use of personal protective equipment helping in the fight against the spread of coronavirus (COVID-19). This makes it an ideal option for customers in a wide range of sectors from office blocks and schools through to commercial kitchens and restaurants, the company added. The group has been given access to hypochlorous acid-based product by NTH Solutions, the support services arm of North Tees and Hartlepool NHS Trust.
[email protected] Capital PLC (LON:SYME) said it has signed a formal business alliance with Epic SIM for inventory funding and client company origination. Epic is a fintech platform for working capital solutions, enabling small and medium-sized enterprises (SMEs) to present their development projects, including an inventory monetisation service, to a selected audience of qualified investors. [email protected] said the alliance will create a new sales channel for the group, including client company origination, sourced as companies come to the Epic fintech platform, and inventory funding.
IQ-AI Limited (LON:IQAI) said its subsidiary Imaging Biometrics (IB) has achieved a “significant milestone” in the development of a zero percent Gadolinium-based contrast agents (GBCA) approach Gadolinium is a chemical element that is sometimes used in medical scans such as magnetic resonance imaging (MRI) to improve the clarity of images of the body’s internal structures. However, IQ-AI highlighted “longstanding toxicity concerns” regarding the use of the element in the body. The company said IB’s initial goal is focused on the generation of a brain image equivalent to a post-contrast image using information provided from anatomical and functional images acquired without any administration of exogenous contrast material such as Gadolinium.
Scotgold Resources Limited (LON:SGZ) has said construction and development activities at the Cononish gold and silver project are progressing well, with the first gold pour from the Scottish mine expected before the end of November. The company said underground development at Cononish has benefited from the arrival on site of the previously announced standby ST2G scoop tram while the first of two new T1D drill rigs is currently in transit. Plant construction is now focused on the building structure, to be followed by the installation and connections of pumps, drives, piping and electrics and ultimately commissioning, the company said. Scotgold also revealed that it has beefed up its geoscience team with two appointments.
United Oil & Gas PLC (LON:UOG) has expanded its footprint in the North Sea, picking up two new licence blocks in the UK’s 32nd Licensing Round. The new acreage, Blocks 15/18e and 15/19c, contain three discoveries and the Dunvegan prospect. They are located adjacent to United’s existing acreage, and the Zeta prospect. Altogether the new acreage spans 225 square kilometres, in the vicinity of the substantial Piper, MacCulloch and Claymore oil fields. “We are delighted with these awards which, based on extensive technical work carried out over the available acreage ahead of the application, were our primary focus for the 32nd round,” Jonathan Leather, United O&G’s chief operating officer said in a statement.
World High Life PLC (LON:LIFE) has said that in accordance with its investment strategy and building on momentum from its Love Hemp subsidiary, it is now “actively considering” investment targets in the medicinal cannabis space. The company said potential targets include new technologies, pharmaceuticals, synthetic cannabinoids, cannabidiol (CBD) and hemp with potential for wide applications in multiple jurisdictions. Within this scope, World High Life said it intends to invest in and scale “innovative, early stage” uses of cannabinoids which have existing approvals in place to benefit patients and users.
Caledonia Mining Corporation PLC (LON:CMCL) has raised US$13mln via a share sale by Cantor Fitzgerald. Proceeds of the share sale are earmarked for investment in the construction of a solar power plant to supply electricity to the Blanket gold mine in Zimbabwe. The company said it had raised the funds via its “at the market” (ATM) equity sale agreement, issuing some 597.9mln shares. Caledonia plans to construct a solar plant to handle all of the Blanket mine’s baseload electricity demand during daylight hours and about 27% of Blanket’s total daily electricity demand.
Alien Metals Ltd (LON:UFO) is to raise GBP1.25mln by issuing shares at 0.55p each from a share placing and subscription with the proceeds earmarked for a range of exploration activities across the company’s portfolio in Mexico and Western Australia. Bill Brodie Good, the group’s new chief executive officer and technical director of Alien Metals, said the funds would, specifically, be used to fast-track activities at the high-grade Elizabeth Hill silver project, through a mixture of surface sampling and trenching programmes. “With the strengthened silver price and strong demand outlook, the company is well placed with a portfolio of high-grade projects that demand further exploration and development,” he added in a statement.
Galileo Resources PLC (LON:GLR) told investors it has appointed Ed Slowey as its new technical director with immediate effect. It comes as Andrew Sarosi leaves his position as director, due to retirement. The company also noted that it is presently in the process of finalising the appointment of a new finance director, subject to the usual regulatory checks.
Seeing Machines Ltd’s (LON:SEE) new Occula neural processing unit alongside its new ’embedded product strategy’ for the automotive market is a “further step change” in delivery of driver monitoring system (DMS) technology, according to analysts at Cenkos Securities. In a note on Friday, the firm’s ‘house’ broker, which rates the company at ‘buy’, said the Occula unit “significantly extends” the company’s technology lead, while the brand launch also demonstrated that the company is “stepping up its marketing, having kept relatively quiet about its technology development path for competitive reasons”.
i3 Energy PLC (LON:I3E) announced that it has now completed the acquisition of all the petroleum and infrastructure assets of Gain Energy Ltd for C$$80 million (circa US$58.8 million). The company said it has also completed the sale of such petroleum and infrastructure assets held by Gain Energy Ltd which are located in Saskatchewan, to Harvard Resources Inc for C$$45 million (circa US$33 million). Separately, i3 Energy also announced that, following the conclusion of its general meeting held on Friday, all resolutions of the company were duly passed.
Thor Mining PLC (LON: THR)(ASX:THR) has appointed Nicole Galloway Warland as exploration manager from the beginning of next month as Richard Bradey retires after more than nine years. Geologist Galloway Warland has worked in the mining and exploration industry for more than a quarter of a century in Australia, Eastern Europe and South America since graduating from Sydney’s University of Technology.
Condor Gold PLC (LON:CNR) (TSX:COG) has said that following an exercise of warrants, it is issuing 75,342 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 40p per share and has, as a result, received gross proceeds of GBP30,136.80.
Baker Steel Resources Trust Limited (LON:BRST) has announced that its unaudited net asset value (NAV) per share as at August 31, 2020, was 74.7p per ordinary share, a decrease of 1.1% against the NAV per share as at July 31, 2020, primarily due to a net decrease in the listed part of the portfolio and a further increase in sterling against the US dollar, in which around half the company’s investments are denominated.
Chaarat Gold Holdings Limited (LON:CGH), the AIM-quoted gold mining company with an operating mine in Armenia, and assets at various stages of development in the Kyrgyz Republic, has announced the appointment of Canaccord Genuity as its nominated adviser and corporate broker with immediate effect.
San Leon PLC (LON:SLE) has announced that its annual general meeting will be held on September 30, 2020, at 11.00am at 3300 Lake Drive, Citywest Business Campus, Dublin 24, D24 TD21, Ireland. In light of the ongoing public health advice in respect of the coronavirus (COVID-19) outbreak, the Company requests all shareholders to submit their Form of Proxy and not attend the meeting in person.
One Media iP Group PLC (LON:OMIP) said that at the general meeting of the company held at 11.00am on September 4, 2020, all of the resolutions were duly passed. The results of the proxy voting will be available on the company’s website: http://omip.co.uk/investor-relations/
Benchmark Holdings PLC (LON:BMK) said it has been informed that Trond Williksen, the group’s chief executive officer, purchased a total of 180,000 ordinary shares of 0.1 pence each in the company at a price of 46p per share on September 2 and 3, 2020. Following this purchase, Williksen’s total beneficial interest in the company is 180,000 ordinary shares, representing approximately 0.03% of the issued share capital.
Sativa Group PLC (AQUIS:SATI) said that further to its announcement on September 1, 2020, the court on Thursday sanctioned the scheme of arrangement in connection with the recommended all-share offer for the company by Stillcanna. Notwithstanding the sanctioning of the Scheme by the Court, it will only become effective on the date upon which the Order of the Court and a copy of the CSE Approval is filed with the Registrar of Companies in England and Wales. Regarding the CSE Approval process, Stillcanna has been working with the Canadian Securities Exchange in order to obtain their conditional approval to the Acquisition and it is hoped that this will be received shortly in the next week, albeit there can be no guarantee of this. Following the sanctioning of the Scheme by the Court, the Aquis Exchange has agreed to suspend trading in Sativa shares with immediate effect. Trading in Stillcanna Inc. (to be renamed Sativa Wellness Group Inc.) is anticipated to recommence on the CSE, OTC Pink and FSE shortly after the Scheme’s effective sate, with trading on AQSE expected to commence on or shortly after the resumption of trading on the CSE.