Economic and Market News for 27 August 2019
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27 Aug
14:42Keras Resources raises capital to fund Calidus Resources share demergerKeras 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...
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27 Aug
13:34Kefi Minerals to present with Ethiopian government at Australian conferenceKefi 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...
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27 Aug
13:27Providence, Lansdowne extend APEC payment deadline for Barryroe projectA 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...
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27 Aug
13:16ECR Minerals begins testing samples from Creswick gold project in AustraliaECR 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...
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27 Aug
13:09Proton Power Systems forms fuel cell venture with Schafer ElektronikFuel 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...
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27 Aug
13:06EVR to broadcast televised US music event in virtual realityEVR 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...
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27 Aug
09:57Swallowfield seals manufacturing assets sale; to change name to Brand ArchitektsBeauty 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...
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27 Aug
09:42Two Shields Investments sells Mali lithium assets to Leopard LithiumTwo 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%...
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27 Aug
09:38Baskerville extends exercise period of warrants to September 2021Baskerville 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...
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27 Aug
09:10Carpetright eyes more stable funding after Meditor purchases credit facility from lendersCarpetright 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...
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27 Aug
09:05Ascent Resources exploring options to develop Petisovci gas field; hatches plan to cut costs 50%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...
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27 Aug
08:52Adamas Finance Asia launches Future Metal Holdings ahead of restart of magnesium mine operations in ChinaAdamas 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...
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27 Aug
08:41ImImobile completes acquisition of 3CInteractive CorpCloud 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...
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27 Aug
08:19MOD Resources welcomes permitting progress at Botswana copper ventureMOD 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...
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27 Aug
08:19Eco Atlantic spuds second exploration well offshore GuyanaEco 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...
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27 Aug
08:13Diversified Gas & Oil agrees to acquire natural gas assets for $7.5mDiversified 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...
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27 Aug
08:01Kazera Global raises £0.4m through discounted share placingKazera 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...
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27 Aug
07:58Malvern International secures loans from Boost of up to £6.6mEducation 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...
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27 Aug
07:54Regal Petroleum to sell Ukraine gas to Smart Energy at steeper discountRegal 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...
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27 Aug
07:45Reabold Resources encouraged by initial results of Romania wellReabold 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...
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27 Aug
07:37Supermarket Income REIT acquires Sainsbury's supermarket for £54.4mRetailer 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...
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27 Aug
07:32Renold identifies 'intentional mis-reporting' that overstated its profitsIndustrial 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...
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27 Aug
07:31Live Company Groups reaches key milestone of 60 events; says trading in-line with expectationsLive Company Group said it contracted 60 Bricklive shows and events across the world in the current year, achieving a key milestone for the company. The company also confirmed current performance...