RNS Hotlist with Zak Mir: 1SN, VRS, GRL, GAL, CHF, AMGO, CORO & YOU via Vox Markets

First Tin (1SN), a tin development company, reported that drilling has proven an 350m extension to the southwest of the current resource area at the Taronga tin project in Australia.

Author @ZaksTradersCafe

The project is managed by First Tin’s 100% owned subsidiary, Taronga Mines Pty Ltd. Four lines of reverse circulation drilling have been completed at approximately 100m spacing, as shown on Figure 1. In addition, 8 diamond drillholes and an additional RC hole have been completed as twins of the drilling, previously undertaken by Newmont.

Versarien (VRS), the advanced materials engineering group, announced that the company has secured OEKO-TEX® Eco Passport certification for Versarien’s proprietary Graphene-Wear® technology. OEKO-TEX’s® Eco Passport is an independent certification system for chemicals, colourants and auxiliaries used in the textile and leather industries.

GoldStone Resources (GRL), announced that it has issued convertible loan notes to Blue Gold International Limited in the nominal amount of £2,400,000, which are due for redemption on 30 November 2024. At the election of BGL, the Loan Notes may be converted at any time prior to redemption into new ordinary shares of 1 penny each in the capital of the Company at a conversion price of 3.25p per share.

Galantas Gold Corporation (GAL) announced that it has entered into an agreement acquire a 100% interest and the exclusive rights to explore and develop the Gairloch Project, a 217 km² mineral licence area in Scotland that covers the Gairloch Schist Belt from the owners of the Gairloch Estate lands. The company has acquired exploration and developments rights for an initial payment of £347,000 and annual payments of £69,000 beginning in year 6.

Pacton Gold Inc. has advised Chesterfield Resources (CHF) that it has determined not to proceed with the purchase of the Adeline project on the terms announced on 19 October 2022. This is in spite of the fact that investor interest in the Adeline project, as solicited by Pacton, has been robust. Further, Pacton’s technical team determined high prospectivity at Adeline and had a thorough plan to explore in 2023 and beyond.

Amigo Holdings (AMGO), a provider of mid-cost credit in the UK, provided an update on its proposed Capital Raise and the pilot lending programme. The company said it initiated a pilot lending programme in late October 2022, shortly after receiving approval from the FCA to return to lending, under certain agreed conditions. The volume of completed loans has now reached a level such that the ‘Skilled Person’ testing of lending outcomes has commenced.

Coro Energy (CORO), the South East Asian energy company, announced that, in anticipation of and in preparation for achieving Ready to Build status in the Company’s two 100MW Philippines renewables projects, it has restructured its arrangements with its partners in country, increasing its dividend entitlement. The company has two development stage renewables projects in the Philippines, a 100MW solar project and a 100MW wind project which, allowing for permitting timelines, are 6 and 15 months respectively, away from achieving ready-to-build status

YouGov (YOU), the international research and data analytics group, issued a trading update for the six months ending 31 January 2023. YouGov said it has performed well during the period, with continued growth across most divisions and geographies. The Group’s strong performance, against a difficult macro-economic backdrop, has largely been driven by clients spending on strategic market research which has accelerated our panel-based Custom Research work, with increasing opportunities for multi-year contracts and trackers.

Author @ZaksTradersCafe

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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