RNS Hotlist with Zak Mir: QTZ, OCTP, INSG, CUSN, EAAS, TOM, ALS, CHLL, CDL, EML, GGP, COBR, TERN & BEN via Vox Markets

Quetzal Capital (QTZ) has agreed to extend the deadline to subscribe for a further £500,000 of Convertible Loan Notes of £1 each in TAP Global Limited to 30 June 2022.

Author @ZaksTradersCafe

Should the CLNs convert they will do so at a 50% discount to the valuation of TAP Global calculated on a conversion event which would involve the acquisition of the entire issued share capital of TAP Global by Quetzal. The call option, also announced on 3 December 2021, remains in place. The Call Option gives Quetzal the right to acquire 100% of the issued share capital of TAP Global.

Shares of Oxford Cannabinoid Technologies Holdings (OCTP), the pharmaceutical company developing prescription were up 11.7% yesterday, ahead of an Investor Meet Company Q&A session yesterday and with the announcement of the appointment of quality broker Axis Capital earlier this month. Talk among traders is that a significant seller in the stock is finally out.

Insig AI (INSG), the data science and machine learning group, has signed a data partnership and research agreement with Blurred Global – a strategy advisor on ESG positioning and corporate communications. The company said this agreement now enables FTSE 350 constituents to access its machine learning corporate disclosure data and opens a potentially new revenue stream.

Cornish Metals (CUSN) revealed that Vision Blue Resources Limited is in on its shareholder registers at 26.14% in a TR1 announcement.

eEnergy (EAAS), the digital energy services company, has increased its ownership in the Group’s MY ZeERO smart metering and analytics platform from 51% to 85.5%. The investment has been made via its subsidiary, eEnergy Insights Ltd, the entity that holds MY ZeERO.

TomCo Energy (TOM), the US operating oil development group, updated on its wholly owned subsidiary, Greenfield Energy LLC. The company said it continues to make good progress with its plans for the TSHII site and is pleased with the positive results we have already seen from the three exploration wells. It is also advancing the previously announced due diligence exercise being undertaken by a potential financing party currently interested in backing its plans for Greenfield, together with other matters in relation to the TSHII site.

Altus Strategies (ALS) announced the discovery of multiple high grade gold prospects from reconnaissance sampling across all four of the Company’s current projects in Egypt, and also announced the award of two further gold exploration licences which will increase the Company’s aggregate holdings in Egypt to 1,914 km2. All of the Company’s licences in Egypt are located in the highly prospective Eastern Desert and are held by the Company’s 100% owned subsidiary Akh Gold Ltd.

Chill Brands (CHLL), the international consumer packaged goods company, which recently fought off somewhat troublesome forces, announced an open offer to its shareholders, as originally proposed in the announcement of 9 May 2022. The Open Offer is on the basis of one Open Offer unit for every 60 existing Ordinary Shares at a price of 12p per unit.

Cloudbreak Discovery (CDL) said that it has entered into an agreement with G2 Energy Corp. whereby Cloudbreak will provide a portion of the acquisition financing for the Masten Unit Energy Project, located in Cochran County Texas, to G2 in exchange for a 3.25% Overriding Royalty Interest in the Project, in addition to other considerations.

Emmerson (EML), which is developing the Khemisset Potash Project in Morocco, announce its audited results for the 12 months ended 31 December 2021. The company said it has made some “significant” steps towards bringing the Khemisset project into production during 2021 and has continued to make progress during 2022. In February 2021, it received our mining permit, and it has completed the work needed to obtain an environmental permit. It has also undertaken various geological and engineering works to bring it closer to being shovel-ready, and it expects to complete these by the end of 2022.

Greatland Gold (GGP), the precious and base metals exploration and development company, announced the commencement of the 2022 exploration programme under the Juri Joint Venture with partner Newcrest Mining Limited in the highly prospective Paterson province of Western Australia. The company said that after a “promising” first year programme, it is “excited” to commence on-the-ground activities for the second year exploration and drilling campaign under the Juri JV with Newcrest.

Cobra (COBR), a gold, IOCG, and rare earths exploration company focused on the Wudinna Project in South Australia, announced its final results for the year ended 31 December 2021. The company said it has delivered a significant field programme that has achieved “outstanding” exploration success. This “success” places Cobra in the enviable position of defining an exclusive dual commodity approach as it works towards updating the defined gold mineral resource and providing a maiden rare earth resource estimation.

Tern (TERN), the company focused on the Internet of Things technology businesses, said that FVRVS Limited, has undertaken a Series B fund raising round, securing £7 million in new equity investment from existing investors and a new institutional investor, at a valuation uplift of 77% from the previous book valuation of Tern’s holding.

Beowulf (BEM), the mineral exploration and development company, announced its unaudited financial results for the three months ended 31 March 2022. The company said it has had a “very strong” start to 2022, making “good progress” in Finland with the GVA10/50 anode materials project, finally being awarded the Exploitation Concession for Kallak North and with high expectations from the drilling taking place in Kosovo.

Author @ZaksTradersCafe

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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.


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