Economic and Market News for 28 May 2019
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28 May
14:58Premier African Minerals unable to seal drilling contract with KME Plant HirePremier African Minerals said it had been unable to conclude a revised pricing structure for a drilling contract with KME Plant Hire Proprietary for its Zulu lithium project in Zimbabwe. The...
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28 May
14:29GLI Finance writes down investment in FinTech Ventures to zeroGLI Finance said it had written down the value of its investment in FinTech Ventures to zero. The write-down resulted in a fair value adjustment of £1.9m. 'The board has been made aware that a...
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28 May
14:15Inspiration Healthcare says NPXe now pursuing private offering in USMedical technology company Inspiration Healthcare Group said it had been informed by NPXe that it was no longer looking to IPO in the UK. Instead, the company was pursuing a private offering in...
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28 May
14:10Integumen inks contracts with three new clientsIntegumen said that its virtual laboratory platform Labskin AI had entered into testing agreements with three new clients. They included a 'leading chain drug store' and a European provider of...
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28 May
14:07Duke Royalty invests another £1.4m into WelltelDuke Royalty said it had made a follow-on investment of £1.4m into its royalty partner and Irish telecom services provider Welltel. The move represented the first follow-on investment that Duke...
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28 May
13:42Redhall Group to appoint administratorsRedhall Group said it decided to appoint administrators and expected to do so within 10 business days. 'Further to the announcement on 24 May 2018, and following discussions with its advisors and...
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28 May
13:35Jersey Oil & Gas reaches settlement with Total over deal terminationJersey Oil & Gas said it had agreed terms with Total in relation to the latter's termination of a 2013 farm-in to a licence. By way of a full and final settlement, Jersey Oil & Gas said it...
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28 May
13:08Caspian Sunrise takes third core sample from completed well in KazakhstanCaspian Sunrise said that work had commenced to take a third core sample from a well at its BNG contract area in Kazakhstan. Drilling of the Deep Well A8 commenced in November, with a target depth...
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28 May
09:56Redcentric appoints Dean Barber as CFORedcentric said it had appointed Dean Barber as its chief financial officer. Barber had been financial controller at EMIS Group since April 2013. The company also announced that Peter Brotherton...
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28 May
09:54Flutter Entertainment completes name change from Paddy Power BetfairFlutter Entertainment announced that its change of name from Paddy Power Betfair to Flutter Entertainment came into effect on 27 May. As a result, the company confirmed that as of 28 May, its...
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28 May
09:39Jangada Mines enters into agreement to sell platinum group metals and nickel project for £4.1mNatural resources company Jangada Mines entered into a binding letter agreement with a ValOre to sell its platinum group metals and nickel project in a cash and shares deal worth £4.1m. The sale...
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28 May
09:31Vast Resources hires SRK Consulting for studies of Romania assetsVast Resources said it had engaged with SRK Consulting to prepare studies for its prospects in Romania. The work would include scoping Studies, preliminary economic assessments and preliminary...
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28 May
09:28Diurnal Group to raise £5.35m via placing of shares to support product rolloutPharmaceutical company Diurnal Group raised approximately gross £5.35m through the placing of shares at a discount. The company placed 20,576,924 shares at a price of 26 pence a share,...
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28 May
08:37Trafalgar Property raises capital to fund development projectsTrafalgar Property Group said it had raised £250k through a share placing to fund new and existing development projects and provide general working capital. The shares had been issued at 0.4p...
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28 May
08:33Toople raises capital to pay back loanTelecom services provider Toople said it had raised £662k from a share issue to fund the redemption of an outstanding loan from David Breith. New shares in the company were issued at 0.35p each....
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28 May
08:19Nektan expands partnership with gambling group BetVictorGaming technology platform Nektan said it had expanded its existing partnership with gambling provider BetVictor. Nektan said it had agreed to to develop exclusive casino content in collaboration...
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28 May
08:16ValiRx potential investor may scrap share purchase agreementClinical stage biotechnology company ValiRx said it was in talks to terminate a share subscription agreement with European High Growth Opportunities and covert it into a a new convertible bond...
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28 May
08:14Bluejay Mining reaches agreement with Rio Tinto Iron and Titanium Canada to analyse Ilmenite from Dundas projectBluejay Mining reached an agreement with Rio Tinto Iron and Titanium Canada to further analyse Ilmenite from the company's wholly owned Dundas Ilmenite project . Dundas, a scalable...
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28 May
08:11Verditek officially opens Italian PV facility, secures first ordersVerditek said it had officially opened its first solar PV module factory in Lainate, Italy. The 1800 square metre facility included a largely automated production line that had undergone a full...
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28 May
08:07Phoenix Global Resources ups size of Mercuria loan facility to $275mPhoenix Global Resources said it had increased an existing convertible revolving credit facility with the Mercuria Group to $275m. The company said the move provided immediate additional funds of...
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28 May
08:03Silence Therapeutics enters into collaboration with Genomics EnglandSilence Therapeutics said it had entered into a collaboration with Genomics England for the investigation of novel targets involved in human disease. Genomics England had generated a unique...
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28 May
08:01Pressure Technologies nears completion of sale of PT Biogas unitPressure Technologies said it was nearing completion of the proposed sale of its wholly-owned subsidiary PT Biogas to Creation Capital Corp. Creation Capital had announced that it has received...
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28 May
07:58Prospex Oil and Gas and partner poised to drill new well in RomaniaProspex Oil and Gas said it had been advised by well operator Raffles Energy that all relevant permits were now in place to drill the Bainet West prospect in Romania. The prospect was located on...
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28 May
07:56Ramsdens acquires stores, loan book from Instant Cash LoansFinancial services provider and jewellery retailer Ramsdens said it had acquired four stores currently trading as The Money Shop and 12 loan books from Instant Cash Loans for £0.5m. The...
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28 May
07:52Barkby enters new six year lease for The Rose and Crown InnConsumer-focused hospitality group Barkby entered into a new six year leasehold agreement with Arkell's Brewery for The Rose and Crown Inn in Ashbury, near Swindon. The Rose and Crown Inn, a 16th...
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28 May
07:52Proton Power Systems installing new fuel cell manufacturing unitProton Power Systems said it was installing a stack manufacturing robot that would allow it to increase production capacity to 5,000 fuel cell units per annum. The robot, relating to the project...
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28 May
07:48Petro Matad commences well site construction for Mongolia drilling campaignMongolia-focused explorer Petro Matad said well site construction had commenced at its block XX prospect in the Asian nation. The well site work had commenced at the Heron 1 location and was...
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28 May
07:45Tertiary Minerals secures exploration rights in NevadaTertiary Minerals said it had secured exploration rights and an option to purchase a group of claims in the Pyramid mining district of Nevada. The project was located 25 miles northwest of Reno...
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28 May
07:39OptiBiotix Health appoints Stephen Prescott as CEO of ProBiotix unitOptiBiotix Health said it had appointed Stephen Prescott as chief executive of its ProBiotix Health subsidiary. ProBiotix was created to develop science-based healthy bacteria called probiotics to...
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28 May
07:37SDX Energy re-domiciles Canada business to LondonSDX Energy said it had completed a re-domiciliation transaction under a statutory plan of arrangement pursuant to which SDX UK had become the ultimate parent company of SDX Canada. SDX UK acquired...
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28 May
07:28Galliford Try rejects £950m proposal from Bovis for housing businessesGalliford Try rejected £950m share offer from homebuilder Bovis to acquire its housing businesses in exchange for new Bovis Homes shares. 'The Board rejected the Bovis Homes Proposal as it...
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28 May
07:27M&G to vote against Non-Standard Financial bid for Provident FinancialSub-prime lender Provident Financial confirmed that investor M&G had decided not to accept Non-Standard Financial's hostile takeover bid for the company. Provident Financial said shareholders...
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28 May
07:24Sports Direct sells property in Shirebrook for £120.1mSports Direct International said it had agreed to sell a logistics centre in Shirebrook to Kwasa Logix Sportivo for £120.1m. The company said it would take out a 15-year lease on the property and...
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28 May
07:10Polymetal International forms gold exploration JV with Mineral Exploration NetworkPolymetal International said it had formed a partnership with a company associated with Mineral Exploration Network for early-stage exploration in the Chaunsk region of Chukotka, Russia. Polymetal...
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28 May
07:07One Media iP buys writer's share of Cole Taylor song catalogueOne Media iP Group said it had acquired the writer's share for a number of songs written by country singer and songwriter Cole Taylor for $260k. The company had also agreed to pay an additional...