Economic and Market News for 20 May 2019

Quadrise Fuels International said it had terminated an agreement with M/S Rafid Group for Trading & Contracting in Saudi Arabia designed to develop its alternative fuel products. The...

Bacanora Lithium said it had signed a non-binding agreement for China's Ganfeng Lithium to buy a 30% interest in the company for around £14.4m and separate 22.5% direct shareholding in its Sonora...

Ariana Resources boosted sales from its Kiziltepe mine in Turkey in the first quarter after lower production was offset by higher precious metal prices. Gold output for the three months through...

Ascent Resources said it had signed a contract for the purchase of a mobile compressor unit for its Petisovci project in Slovenia. The supplier was expected to install and commission the unit in...

Bezant Resources said that updated environmental impact assessment approvals for its Eureka project in Argentina had been granted by Jujuy province's director of mining and energy resources. The...

AFC Energy said it had successfully completed an 18-month trial of an ammonia-to-power system. The company also confirmed plans to conclude work on the business case for an integrated, scalable...

Equatorial Palm Oil said half-owned joint venture company Liberian Palm Developments had entered into a loan agreement of up to $20.0m with a subsidiary of Kuala Lumpur Kepong Berhad. The loan had...

Katoro Gold said the results of the soil sampling programme at the Haneti nickel project in Tanzania had confirmed its exploration prospectivity. The results had reconfirmed, and extended the...

Trafalgar Property Group said the sale of its site in Ewell, Surrey, had been completed, generating a gross profit of £300k. The net proceeds from the sale, which was first announced last month,...

African Battery Metals said exploration activities had commenced at its cobalt and nickel project in Cameroon. The company said it would undertake pit excavation programme to a maximum depth of...

Estate agent Purplebricks Group said it had appointed Phil Felice as interim chief executive of its US business. Felice was the company's US sales head from 2017-to-2019 and was appointed and was...

Technology investment company Golden Saint Tech signed a letter of intent with Siam Motors to enter into a joint venture to build, own and operate a tier three data centre facility in Pattaya and...

AB Dynamics announced plans to raise up to approximately gross £50.1m to to finance potential acquisition opportunities and shore up its balance sheet. The company said it planned to raise...

Iofina announced plans to raise up to £7.5m through the placing of shares at a discount in an effort to accelerate its plant upgrading programme and pay down debt. The issue price of 16p of the...

Panthera Resources said it had received documents indicating it would receive funds owed by Galactic Gold Mines Private, or Galaxy. 'Panthera has received documents forwarded by Galaxy confirming...

Allergy Therapeutics announced positive clinical results of its dust mite allergy treatment . The AM101 trial assessed the safety and tolerability of the company's Acarovac injection to...

Saint-Gobain signed an agreement for the sale of its entire stake in Saint-Gobain Building Distribution Deutschland to the Stark group, in a deal valued at €335m. The sale comes as the company...

Scancell Holdings said government body Cancer Research UK was planning a clinical trial to to investigate a cancer treatment is was developing jointly with the company. Cancer Research UK was...

Financial services company EFG Hermes signed a partnership agreement with Asia Commercial Bank Securities of Vietnam, allowing the company's clients to receive on-ground access and intelligence to...

Portfolio analytics and asset pricing services provider StatPro Group said it had secured a three-year contract extension with a 'top 20 fund administrator' with a minimum value of £2.4m. The...

Pantheon Resources said further analysis of the Alkaid discovery located on the Alaska North Slope indicated that its reservoir quality was 'greatly superior' to pre-drill estimates. Alkaid was...

CentralNic Group entered into a conditional agreement to acquire Sydney-based business TPP Wholesale, $24m AUD. TPP Wholesale, the platform for resellers of domain names and hosting in...

Project management and technical consultancy WYG said it had agreed to be acquired by Tetra Tech for £43.4m. WYG shareholders would receive 55p for each of their shares, which WYG said represented...

Science Group said it had acquired a 9% stake in digital radio and smart Internet of Things devices company Frontier Smart Technologies Group for around £461k, but withdrawn a full takeover bid for...

Travel and lifestyle platform for the wealthy Ten Lifestyle Group said it had won a three-year contract with 'a global brand' in the technology, media and telecom sector. The service was expected...

LXi REIT launched a share issue to raise around £100m to fund the purchase of further property assets. New shares in the company would be issued at 118p each, a 9.5% discount to their closing...

Kazatomprom sold its 75% stake in the KazPV project, including Astana Solar, Kazakhstan Solar Silicon and KazSilicon assets, to a consortium of strategic investors. The sale of Kazatomprom's...

SolGold said a new assessment indicated that the Alpala copper, gold and silver deposit at the Cascabel project in northern Ecuador could cost between $2.4bn and $2.8bn to develop. The estimate...

ICG-Longbow Senior Secured UK Property Debt Investments said a borrower under the group's commercial regional space loan had repaid a £22.4m loan together with accrued interest and exit fees of...

Sealand Capital Galaxy said 55%-owned subsidiary New Sky Global had signed a contract with Tenet. The contract was expected to earn revenues of RMB 4,500,000 (around £510,300) for New Sky Global,...

Private rented sector home investor PRS REIT said it had approved a further £200m of debt facilities with Scottish Widows and Lloyds Bank. The facilities were negotiated by the company's...

Rockfire Resources said recent soil sampling at the Cardigan Dam prospect at the Lighthouse tenement in Australia's Queensland state had returned a promising gold-in-soil anomaly. Two broad...

Reabold Resources said two wells in its California portfolio had achieved commercial flow rates. Contract operator Integrity Management Solutions had informed the company that a perforating and...

OptiBiotix Health said subsidiary ProBiotix Health had signed a license agreement with Nutrilinea for the use of the company's technology in a food supplement for the reduction of high blood...

Listed Infrastructure investor GCP Infra made a conditional commitment to invest in two new loan notes for about £64m to fund a UK-based wind project. The loan notes, if issued, would be used to...

Syncona said it had founded new cell therapy company Quell Therapeutics with a £35m commitment in a funding round. Syncona said it committed £34.0m with a further £1.0m being contributed by UCL...

Provident Financial shareholder Schroders has urged other investors in the sub-prime lender to reject Non-Standard Finance's hostile takeover bid. 'We have noted the announcement from NSF that its...