RNS Hotlist with Zak Mir: BRSD, NSCI, DVRG, PTAL, AYM, ATM, NFT, SYME, BEN, KAV, KEFI, ORCP & GCAT via Vox Markets

There was decent coverage for online threat hunter Brandshield Systems (BRSD) in the Evening Standard. This related to a report from the company on shopping fraud.

By Zak Mir 

The paper said that, “Online shopping fraud is a booming industry with PlayStation and Nike the two retailers most targeted by cybercriminals, according to a report by internet crime experts BrandShield Systems.” With Black Friday today and Cyber Monday next week, retailers and consumers “should be on their toes.”

NetScientific (NSCI), the international life sciences and sustainability technology investment and commercialisation Group, said that it has arranged an investment of a further $1 million into its Lifesciences’ portfolio company, EpiBone Inc., a regenerative medicine company focused on bone and cartilage reconstruction based in the US. The $1m investment amount is part of an overall $11m close alongside Boston based investors, and notable family offices.

DeepVerge (DVRG) announced that it is proposing to settle for cash, obligations to certain Directors relating to their salaries which are currently contracted to be settled in shares in the company. The Directors concerned have agreed, in the best interests of the Company and shareholders, to forego significant potential gains on these shares in return for a cash sum, which is calculated based on a 25% uplift on the original value of the salary obligations. This situation has arisen following a significant rise in the company’s share price since these arrangements were made in 2018.

PetroTal Corp (PTAL) advises that, as announced by Gran Tierra Energy Inc. on November 26, 2021, Gran Tierra Resources Limited has sold an aggregate of 137,093,750 common shares in the Company, representing all shares owned by GTEI. The company understands that multiple entities purchased the Common Shares sold by GTRL. PetroTal was not a party to the agreements and did not receive any proceeds from the sale transactions.

Anglesey Mining (AYM), the UK minerals exploration and development company, updated on its Parys Mountain Copper-Lead-Zinc project on the Isle of Anglesey. The company said it was pleased to see the Irish Drilling rig arrive on site yesterday and now looks forward to seeing core coming out of the White Rock and Engine Zone deposits over the next three months. It expects to have results coming back from the assay labs during the March quarter next year. The next stage of the environmental permitting process for Parys Mountain has also commenced.

AfriTin Mining (ATM), an African tech-metals mining company with a portfolio of mining and exploration assets in Namibia announced that the lending facility with Standard Bank Namibia Ltd, to fund the expansion of the Uis Phase 1 processing plant, and detailed in the announcement of 21 September 2021, has now been executed. The company said that this marks the start of a long-term financing partnership to continue the rapid development of the Uis Tin mine to its full potential and growing its tech-metal revenue profile.

NFT Investments (NFT), a company specializing in the development of non-fungible tokens, announce an investment of $250,000 into Afterparty Inc, a platform for creators to engage with their fans and generate revenues from events such as live streaming. The investment is in the form of a Simple Agreement for Future Equity, and part of a $3m fund-raising round being conducted by Afterparty, which is incorporated in the US.

Supply@ME Capital (SYME) which provides the Inventory Monetisation© service to manufacturing and trading companies, and so far an interesting ride for its devoted shareholders, announced that it has received a conversion notice from Mercator Capital Management Fund LP in respect of the outstanding £300,000 in principal amount of the Convertible Loan Notes issued by the company on 1 November 2021, in lieu of a cash repayment, in accordance with the terms of the Loan Note Facility announced in the RNS of 29 September 2021.

Surging stock Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, said that it has received notice of exercise for warrants to subscribe for 1,500,000 new ordinary shares at a price of 10p. The warrants were issued to Optiva Securities as part of broking fees for the placing announced on 15 October 2021. The exercise of these warrants will generate proceeds of £150,000 for the Group.

Kavango Resources (KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, said it has signed a Memorandum of Understanding to accelerate its 90 per cent ownership of the LVR Joint Venture in the Kalahari Copper Belt. The LVR JV incorporates prospecting licences PL082/2018 & PL 083/2018, which cover 1,091km2 of prospective ground the KCB. Under the original terms of the LVR JV, the company had been earning into 90pc ownership of the Project, through a pre-agreed spending programme.

KEFI Gold and Copper (KEFI), the gold exploration and development company, provided an operational update. In Ethiopia KEFI’s subsidiary Tulu Kapi Gold Mines Share Company has completed its recent incident management and investigations and is now preparing for the launch of the Tulu Kapi Gold Project. In Saudi Arabia the KEFI-operated joint venture company Gold and Minerals Limited continues on track to update and upgrade the Mineral Resource Estimate at its Hawiah Copper-Gold Project before the end of 2021.

There is a decent chunk of change on its way for Oracle Power (ORCP), the international natural resources project developer. It said that it has received a notice, from His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, to exercise warrants to subscribe for 200 million new ordinary shares of 0.1p each in the capital of the company at a price of 0.25p. The exercise of these warrants amounts to a total cash subscription of £500,000.

Caracal Gold (GCAT), the gold producer with operations in East Africa, announced the arrival of its two drill rigs on-site ahead of commencement of the recently announced diamond drilling and reverse circulation drilling programmes. This follows the renewal of Caracal’s Prospecting Licence announced on 17 November 2021. The recently acquired DD and RC drill rigs have arrived on-site at the flagship Kilimapesa Gold Mine.

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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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