Tirupati Graphite (TGR), the specialist graphite producer and graphene and advanced materials developer, said that trading in its shares will begin today on the OTCQX® Best Market in the United States, under the ticker symbol “TGRHF”.
By Zak Mir
The company believes that trading on the OTCQX Market will increase liquidity due to a broader geographic pool of potential investors. Shares of TGR have doubled since the IPO in December.
Shares of DeepVerge (DVRG) were given fresh validation as the fast-growing life sciences group announced that the Irish Government, has awarded the company a grant of €0.75 million (£0.63m) as part-funding of a €1.8m project to accelerate design, assembly and mass production of a range of infectious disease and pathogen detection instruments, creating new instruments capable of being mass-produced in different sizes.
NetScientific (NSCI), the international life sciences group, said that its portfolio company, Sofant Technologies has signed a €7.3M contract with the UK Space Agency and the European Space Agency to support the commercialisation of its low-cost low-power satellite communications platform, of which 50% can be claimed as non-dilutive grant funding, with the balance coming from Sofant.
Tekcapital (TEK), the UK intellectual property investment group said that portfolio company Lucyd’s, Innovative Eyewear Inc. subsidiary, has been approved by Best Buy® to provide its eyewear on BestBuy.com. D. Landstrom Associates, Innovative Eyewear’s contracted distributor, facilitated the onboarding process.
Semper Fortis Esports (SEMP), the esports company, revealed the recruitment of professional FIFA player and coach Jamie Ridgen “Jamboo.’ The company’s esports team, SMPR has made an official signing for Jamie Ridgen to compete and coach the SMPR FIFA team for the upcoming 2021/22 season.
Bens Creek (BEN), the metallurgical coal specialist, whose shares have doubled in their brief time on the stock market to date, was the subject of a TR1 which perhaps required something of a double-take. Investment house MBU Capital were revealed to be on the shareholder register with a 59.78% stake. It remains to be seen whether this is actually a misprint.
Shareholders of Kodal Minerals (KOD), the mineral exploration and development company, who admire the group will have more to love, it announced the issue of 19,583,212 new ordinary shares at a price of 0.3319p per share.The New Ordinary Shares are being issued pursuant to the Company’s agreement with Bambara Resources SARL which gives the Company exclusive rights to explore and acquire an 80 per cent. interest in two concessions in Southern Mali, Mafele Ouest and Nkemene Ouest.
Alien Metals (UFO), minerals exploration and development company with the quirky EPIC code, is raising £3.5 million via a placing at 0.85p. The company also said it is appointing WH Ireland as Joint Broker.The Placing is at a discount of approximately 21.3% to the prevailing share price. The proceeds of the Placing will be applied to deliver UFO’s work programme over the next 6-12 months.
It is normally the case that the timing and the level of options granted can be significant. This is what we can note at Cizzle Biotechnology (CIZ), the UK based diagnostics developer. As part of the company’s newly established Management Incentive Plan, 19.7m Options granted are exercisable at a price of 10p, an approximate 127% premium to the closing mid-market price of the Cizzle Biotechnology shares on 3 November 2021. This implies that not only are the management of CIZ incentivised to see the stock higher, but that the current 4.3p level may represent value.
Lexington Gold (LEX), the gold exploration and development company, updated with respect to its latest ongoing 5,000m Reverse Circulation drilling programme. The Drill campaign commenced at Carolina Belle on 18 October 2021 and is progressing on schedule. 17 drill holes have been completed for a total of 1,297m drilled to date out of the planned 5,000m total for the Phase 2 drilling programme. Logging and sampling of initial 15 drill holes have been completed to date. 4m composite samples have been prepared from the first 15 drill holes and dispatched to SGS Canada’s Vancouver based laboratory for assay, with an estimated turn-around time of approximately 6 to 8 weeks.
The word “significantly” is one of the sweeter words in the RNS lexicon, and this is what we were served up at Cornerstone (CSFS), the cloud-based provider of international payment services to SMEs. It provided an update on current trading and the outlook for the year to 31 December 2021. The Group had seen improved gross margins in H1 and had been experiencing increased trading momentum during the first nine months of 2021. The growth in revenue is being driven by the expansion of the Group’s direct client base. As a result, the Directors now expect revenue for the year ended 31 December 2021, to be significantly ahead of last year.
Sureserve (SUR), the compliance and energy services Group announces that after an extensive candidate search it has appointed Peter Smith, currently Interim Chief Operating Officer and Chief Financial Officer, into the CEO role. Smith, has been with the business since July 2019 and has extensive knowledge of both the business and the markets in which Sureserve operates. He has overseen the strong run higher for the shares going from 25p in 2019 to over 90p currently.
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