Another day, another update from Love Hemp (LIFE), the CBD and Hemp product suppliers, announced the issue of shares as settlement of the final deferred consideration of £2,000,000. 65,000,000 new shares have been issued at 1.5p for a total value of £975,000.
By Zak Mir
The company has also allotted 1,500,000 new shares at 2p in lieu of debt repayments and for services for a total value of £30,000, and 285,714 new shares at 3.5p for £10,000. The proceeds from this issue will be used for general working capital purposes. Following this, CEO and co-founder Antony Calamita has 8.87% of Love Hemp.
It looks as though things are moving at San Leon Energy (SLE). The independent oil and gas production, development and exploration company focused on Nigeria, updated on the proposed reorganisation to consolidate Midwestern Oil and Gas Company Limited’s shareholdings in the company and Midwestern Leon Petroleum Limited into a single shareholding in the company. San Leon expects to publish an AIM admission document by the end of February 2022, and will then seek the restoration of trading of its shares. The company said its potential transaction with Midwestern achieves the twin aims of increasing its interest in OML 18 and building its shareholding in the operator of the new ACOES pipeline project. It considers OML 18 to be a world class oil and gas asset.
Atlantic Lithium (ALL), the African focussed lithium exploration and development company, said that the in-specie distribution of all of the shares held by the company in Ricca Resources Limited to eligible Atlantic Lithium shareholders has now completed.
Kazera Global (KZG), the AIM quoted investment company, said that AIM Regulation has granted the company an additional period of up to three months until 31 March 2022 to publish its Annual Report and Accounts for the year ended 30 June 2021, rather than by 31 December 2021.
Ed tech specialist Dev Clever (DEV), asked for its shares to be suspended pre-market. The stock had been improving over recent days. Last month the company said it expected earnings to soar, and earlier this month a China contract win was revealed. The completion of the VLPL acquisition remains subject to the publication of a prospectus approved by the FCA and the company said that it looks forward to its shares returning from suspension early in the New Year.
It is always pleasant to see a chunky new TR1 entry on a shareholder register. In the case of Rural Broadband Solutions (RBBS), we learned that New Star Investment Trust is in at 12.78%.
Shares of Audioboom (BOOM) have been a very firm market of late, with investors trying to do the math of one plus one equalling more than two. In the meantime, the leading global podcast company, announced that Stuart Last, CEO of the Company, exercised options over 2,000 ordinary shares. He also holds options to subscribe for a further 281,000 shares.
DeepMatter Group (DMTR) announced a placing and subscription to raise £2.55 million, at a price of 0.1 pence per new ordinary share of 0.01 pence each . The company said the Placing and Subscription will enable it to move forward without the need to re-evaluate its strategy and outlook. It will be interesting to see how the market digests business as usual at the Glasgow-based chemistry technology pioneer.
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