Synergia Energy (SYN) announced it has submitted a formal application for its removal from the Official List of the Australian Securities Exchange pursuant to ASX Listing Rule 17.11. This would mean that the company’s shares would no longer be quoted on the ASX and would instead solely be quoted on London’s AIM market.
N4 Pharma (N4P), the specialist pharmaceutical company, announced that it wishes to provide an opportunity for shareholders and other investors who did not participate in the fundraising announced today to invest in the company. Under the Placing Agreement, those diligent people at TPI are inviting subscriptions for additional new ordinary shares of 0.4p each in the company with an initial expected value of £0.25 million at the issue price of 2p. The Broker Offer opens immediately and will close at 4.30pm on Monday, 21 November 2022.
OTAQ (OTAQ), the technology company targeting the aquaculture, announced unaudited interim results for the six months ended 30 September 2022. The company said it was satisfied with the results, showing improved revenue, gross profit and adjusted EBITDA compared to the same period last year.
Live Company (LVCG) announced that it has signed a subscription agreement with Mr Byoung Goo (Jason) Lee, in addition to the subscription announced on 7 October 2022 whereby Lee has agreed to invest a further £250,000 into the company. The company has also hired a new Chief Financial Officer John Miller who has joined the company as of 2 November 2022.
Hurricane Energy (HUR), the UK based oil and gas company, noted the Autumn Statement containing changes to the Energy Profits Levy. From 1 January 2023, the EPL rate will rise from 25% to 35%. The company also said the Formal Sale Process announced on 2 November 2022 is progressing, with multiple expressions of interest received from credible counterparties.
Beowulf (BEM), the mineral exploration and development company, announced its unaudited financial results for the nine months ended 30 September 2022. The company said that since the last quarterly update, it has raised finance, Ulla Sandborgh took charge of the Kallak project, it made a discovery in Kosovo, strengthened its positioning in the anode space in Finland, got Hensen, to help on it downstream ambitions, and Johan Röstin joined the Company as Chairman.
Given the way that 2022 has been to date, it is very pleasant to see some good old fashioned deal making. Oscillate (MUSH) announced that it has signed conditional heads of terms to acquire 100% of the issued share capital of Hi55 Ventures Limited, which is a UK FinTech platform created to help companies unlock payroll. The issued share capital of Oscillate is valued at approximately £2.7 million, which is equivalent to 1.29p per share. This represents a 84.29% premium to the mid-price of the company on 17 November 2022. The issued share capital of Hi at approximately £28 million, which is equivalent to 70p per share in Hi.
Eco Atlantic (ECO), the oil and gas exploration company, announced that the Gazania-1 well on Block 2B, offshore South Africa, which spudded on October 10, 2022, reached target depth of 2,360m but did not show evidence of commercial hydrocarbons. The well will now be plugged and abandoned as planned.
Asiamet Resources (ARS) announced key production parameters for the updated feasibility study (2022 FS) being completed on its BKM copper heap leach SX-EW project located in Central Kalimantan, Indonesia. BKM plans to produce copper cathode for sale into the fast growing local Asian markets. The company said the mining and production Life of Mine physicals represent the most significant change in the 2022 FS Update relative to the previously reported 2019 study.
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