Economic and Market News for 27 August 2019

Keras Resources said it had raised £350k from a share issue to fund costs associated with the distribution of its shareholding in Sydney-listed Calidus Resources and ongoing working capital...

Kefi Minerals said it was presenting at a business conference in Australia alongside representatives from the Ethiopian government and private sector partner there ANS mining. The representatives...

A joint venture involving Providence Resources and Lansdowne Oil & Gas said they had again extended the deadline for the payment of a $9m loan advance from APEC Energy to enter their Barryroe...

ECR Minerals said testing of drilling sample bags taken from its Creswick gold project in Australia's Victoria state had demonstrated increased gold levels. However, the company said the sampling...

Fuel cell developer Proton Power Systems said it had entered into a joint venture agreement with Germany's Schafer Elektronik. The pact would see Proton's larger industrial fuel cells integrated...

EVR Holdings said its MelodyVR virtual reality live music platform would broadcast a summer concert in the US on Friday. The company said it would partner with Good Morning America and ABC to...

Beauty products supplier Swallowfield said it had completed a planned sale of its manufacturing assets to to Knowlton for £35m. The company said it would accordingly commence trading on Wednesday...

Two Shields Investments said it had sold lithium assets in Mali to Australian private company Leopard Lithium. The assets included the company's 30% interest in Nashwan Holdings and its 40%...

Baskerville said it had extended the exercise period of warrants that were set to expire on 22 September this year, to 22 September 2021. The directors extended the exercise period of the...

Carpetright said that Meditor, a substantial shareholder, had agreed to purchase the company's revolving credit facility directly from the company's current lenders. The terms of the revolving...

Ascent Resources said it continued to explore options to develop the Petišovci gas field and also said it had implemented a revised operating structure to reduce costs by 50%. The company said it...

Adamas Finance Asia said it had launched Future Metal Holdings to more accurately reflect the nature of operations of its investment in the magnesium mine located in China. Following the...

Cloud company ImImobile said it had completed the acquisition of 3CInteractive Corp for a total of $53.2m. 'We are pleased to complete the Acquisition which brings complementary product...

MOD Resources said a joint venture in Botswana had made progress obtaining a permit for its proposed T3 copper mine in the African nation. The country's department of environmental affairs had...

Eco Atlantic Oil & Gas said a joint venture in which it is involved had commenced drilling of a second exploration well on the Orinduik block, offshore Guyana. The Joe-1 well, operated by...

Diversified Gas & Oil said it had entered into binding agreements to acquire two separate packages of natural gas gathering systems in Pennsylvania and West Virginia for $7.5m. The assets were...

Kazera Global said it had conditionally raised a total of £0.4m through the placing of shares at discount. The company placed a total of 66,666,667 at a price of 0.6p a share, representing a...

Education services group Malvern International said it had secured up to £6.6m of loans from Boost & Co. The capital would be used for working capital purposes, to repay a shareholder loan and...

Regal Petroleum said it had agreed with related party Smart Energy to up the discount at which it sold natural gas to the company from Ukriane. Regal said the rise was related to changes in the...

Reabold Resources said a well in which it had an interest in Romania had produced 'very encouraging' initial results indicative of a gas and oil discovery. The IM-1 well had so far been drilled to...

Retailer property investor Supermarket Income REIT said it had acquired a Sainsbury's supermarket in Preston, Lancashire from Legal & General for £54.4m. The sum paid reflected a net initial...

Industrial chain supplier Renold said an investigation of suspected accounting errors in its books had confirmed that it overstated its profits, due to 'intentional mis-reporting of financial...