Tap Global Group (AQSE: TAP), the regulated crypto app, announced the admission of its shares to trading on the Access Segment of the AQSE Growth Market, having raised gross proceeds of £3.1 million at a price of 4.5 pence per share.
The company said, Tap is a dynamic, proven and revenue-generating business in a sector which it believes is capable of significant growth. With cryptocurrency and blockchain technology growing faster than any financial technology in history, Tap has the potential of becoming a FinTech Super App, bridging the gap between traditional and digital finance.
Orcadian Energy (ORCA) said management has completed an update of their estimate of technically recoverable resources for the Pilot field. The upside resource estimate for Pilot alone is now 131 MMbbl. The company said it was very pleased with the results of this updated resource estimate. This is the culmination of eighteen months of work, which started with the interpretation of the newly reprocessed seismic from TGS.
KEFI (KEFI), the gold and copper exploration and development company, announced the award of five additional exploration licenses through the company’s Gold and Minerals Limited joint venture in Saudi Arabia. GMCO is owned 30% by KEFI and 70% by its partner Abdul Rahman Saad Al Rashid and Sons Ltd.
Caracal Gold (GCAT), the East African gold producer, the OCIM Metals and Mining SA pre-paid gold purchase agreement will not be proceeding. The reason being the long stop date of the 31 December 2022 passed and as there is an unfulfilled condition precedent that would have provided OCIM security over the Mining Licence for our flagship Kilimapesa Gold Mine in Kenya, OCIM have not extended the long stop date.
Dekel Agri-Vision (DKL), the West African focused agriculture company, provided a production update for its 100%-owned vertically integrated Ayenouan palm oil project in Côte d’Ivoire for the year ended 31 December 2022. The company said 2022 could be summarised as a year of record Crude Palm Oil and Palm Kernel Oil pricing with strong CPO extraction rates being offset by an unprecedently low fresh fruit bunches annual harvest. Whilst financial results of the Palm Oil Operation are unlikely to surpass the record 2021 results, the FY 2022 financial results are still expected to be one of the best performing years since inception. The Palm Oil operation has the potential to deliver a record financial performance in 2023.
Apparently, recession or no recession, people will always need to wear footwear. Shoe Zone (SHOE) announced its audited results for the 52 weeks to 1 October 2022. Profit before tax £13.6m (2021: £9.5m), adjusted £11.2m (1) (2021: £9.5m).
Live Company (LVCG) said it was excited to announce that Bricklive Safari has signed a contract with Zoo Planckendael in Belgium, which is managed by the Antwerp Zoo Society. The company said its strategy for expansion into Europe with its BRICKLIVE product continues to bear fruit with this new event in Belgium later this year.
2023 is also shaping up to be one where life sciences groups are in positive focus. MGC Pharmaceuticals (MXC) a European based pharmaceutical company announced it has completed the pre-clinical rodent studies on CimetrATM, which are a key step in the clinical pathway prior to the planned FDA Investigational New Drug submission.
Thor Explorations (THX) provided an operational update for the Segilola Gold mine, and for the Company’s mineral exploration properties located in Nigeria, Senegal and Burkina Faso for the three months to December 31, 2022 as well as full year operational highlights. The company said gold production was at the top end of the FY 2022 guidance range of 90,000 to 100,000oz of gold. FY 2023 production guidance range has been set at 85,000 to 95,000 oz of gold weighted towards the second half of the year. This is an increase versus the 76,900 oz of production expected for 2023.
nanosynth group (NNN), the AIM quoted company specialising in the synthesis and application of nanoparticles, announced a conditional placing to raise gross proceeds of £0.4 million, at a price of 0.18p. The company said it was pleased to raise money to further our commercial objectives. It is receiving considerable interest from major household brands for its nanoparticle technology and these funds will enable the company to advance the progress of these discussions. It looks forward to updating the market on these developments shortly.
Sosandar (SOS), the UK fashion brand, provided a trading update covering the three-month Period ended 31 December 2022. Revenue was of £11.6m, up 30% year-on-year (Q3 FY22: £8.9m), a new record quarter.
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