Those looking for some post-pandemic fun and entertainment may not necessarily be heading to the following investor meeting.
By Zak Mir
Omega (AIM: ODX), the specialist medical diagnostics company said that, ahead of the general meeting of the Company to be held on 7 March 2022, Dr Simon Douglas (Chairman), Jag Grewal (CEO) and Chris Lea (CFO) will provide a live presentation relating to the Company’s recently announced conditional sale of its Alva facility and new strategic focus. Presumably the run up to the recent fund raise may get a mention too.
Although some may suggest that it is too long in coming, Supply@ME Capital (SYME), the fintech platform, announced that TradeFlow Capital Management, part of the Supply@Me Group, has partnered with Cargoes Finance By DP World. DP World is a provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe.
Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, said it agreed to issue a second convertible loan note to raise an additional $6.0 million for the Company. The Second CLN is being issued to ACAM LP. The terms of the Second CLN are broadly the same as the first convertible loan note apart from the conversion price, which is set at 40p per new ordinary share, and the rate of interest, which is reduced to 12 per cent per annuum from 15 per cent. The net proceeds of the Second CLN will be used predominately to finance future acquisition opportunities.
UK Oil & Gas (UKOG) announced that the long-running appeal by Finch et al to overturn the December 2020 Judicial Review judgment upholding the legality of Horse Hill’s planning consent, has been refused by the Court of Appeal. This judgment means that the planning consent for Horse Hill oil production was granted entirely lawfully and, as such, confirms that Horse Hill can remain operational until the end of its commercial field life. UKOG holds an 85.635% operated interest in Horse Hill and the surrounding PEDL137 licence.
eEnergy (EAAS), an Energy Efficiency-as-a-Service and Energy Management-as-a-Service business has entered into a new revolving credit facility, replacing all existing borrowing facilities, with Silicon Valley Bank. The revolving credit facility of £5 million over three years, has the potential for additional capital facilities.
Pantheon Resources (PANR), the AIM-quoted oil and gas company, announced that it has received a Notice of Conversion in respect of $2 million of the $55 million unsecured convertible bond. Accordingly, the principal remaining under the convertible bond will be reduced by $2 million to $53 million.
Disclaimer & Declaration of Interest
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.
