() said he would co-lead an investment in Luxor Technologies, a management platform designed to maximize the income of cryptocurrency miners. The AIM-listed crypto firm said as part of the deal that it will invest $ 100,000 in Luxor, which the invested company will then use to recruit several key engineers to bolster the development of its platform. hashrate management and develop its proof of work software infrastructure.
PLC () said it had taken note of shareholder concerns and unveiled a number of changes to its board of directors which it said should be completed in a few weeks. The AIM-listed group has announced its intention to appoint Alex Vergopoulos as Executive Director of RMS in charge of its subsidiary Pharm 2 Farm Limited (P2F), of which he is a director.
Shares of United Oil and Gas PLC () rose on Wednesday as the company announced that the ASH pipeline had been completed on the Abu Sennan permit in Egypt, in which it has a 22% stake. The AIM-listed company said the pipeline, which connects the ASH field to the El Salmiya gas processing facilities, was completed on time and under budget and successfully commissioned on December 27. United added that over the past two days, the pipeline has delivered an average of 5.45 million standard cubic feet per day (Mscf / d) of gas, about 1,090 barrels of oil equivalent per day (bpd), which is equivalent to 1.2 Mscf / d additional (240 bpd) to its own participation and in line with expectations.
() CFO Graham Stevens said the best days for the company’s POS-GRIP technology “are yet to come” in an investor update at the company’s AGM on Wednesday. In the statement, Stevens highlighted the company’s “proven disruptive technology” and the fact that POS-GRIP “provides true and verifiable HG metal-to-metal joints and generates significant savings for operators due to reduced l ‘installation and downtime’. In a separate statement, Plexus announced that at today’s annual general meeting, which was held behind closed doors due to the coronavirus pandemic and at which the required quorum was present, each of the resolutions set out in the notice of meeting were adopted. The chairman of the meeting demanded a ballot of votes on all proposed resolutions, each of which was carried by an excess of votes cast in favor of the required majority.
Chaarat Gold Holdings Limited () has reached an agreement to refinance the outstanding US $ 7 million of an investor loan initially granted in November 2018. The refinancing includes US $ 0.2 million of accrued interest with reduced terms coupon at 9.5% and an extension of the maturity date until December 31, 2024.
() Shares rose on Wednesday as the company announced it had submitted a third-party Energy Market Outlook Study (PMOS) and updated feasibility study to Electricidade de Moçambique (EDM) for its 300 megawatt coal power project and its coal mine in Mozambique. . The AIM-listed company said PMOS “confirms the project as one of the most advanced and credible staple power options in Mozambique and one of the most competitive coal projects in the region. ”, And that the submission of the two studies was the last one pending. EDM requirement following the submission of the electricity tariff for the project in March. Ncondezi added that he had held meetings with EDM and government departments of Mozambique to present the studies.
() declared that it had set up an environmental, social and governance (ESG) committee with the aim of “integrating best sustainable development practices into all decision-making” and supporting the development of technology from the company to help accelerate the UK’s clean energy transition. The company, which specializes in technology that produces hydrogen from plastic waste, said the ESG committee will “promote the achievement of the United Nations sustainable development goals in all of its activities,” with particular attention to greenhouse gas emissions caused by the company’s own activities. as well as those of its suppliers and customers in order to continuously improve performance.
Pure Gold Mining Inc. () () announced that the first gold was poured at the company’s high-grade PureGold mine in Red Lake, Ontario on December 29, 2020, following the introduction of the ore in the factory on December 15. , the PureGold mine came to life. With our first gold pour, we transitioned to producer status and delivered on our promise to build Canada’s newest gold mine in the heart of Red Lake Ontario, on budget and on schedule, ”said Darin. Labrenz, president and CEO of PureGold in a statement. .
() stated that it has extended the term of its operating leases (LOA) with Heritage Petroleum Company Limited for its blocks Coora-1, Coora-2, WD-4 and WD-8 in Trinidad and Tobago until March 31, 2021. The AIM-listed oil and gas company added that the LOAs, which were originally scheduled to expire on December 31, 2020, have been extended under existing terms and conditions as the two companies continue to advance negotiations. regarding new 10-year LOA for each property. .
() said following its Dec. 29 announcement that the Bahamas Supreme Court had dismissed a request to halt drilling activities at the Perseverance # 1 well, a court hearing for a renewed application for judicial review of the environmental authorization of the well was postponed to December 30 from its initial date of December 29. In addition to the issues to be addressed at this hearing, the AIM-listed firm said lawyers acting for the applicants also sought leave to amend their application to add the Planning Committee as an additional defendant. , and this additional request will also be considered at the postponed hearing.
PLC () said the first drilling program to discover nickel and platinum group metals (PGMs) is now underway at the Haneti nickel project in Tanzania. The AIM-listed explorer, which owns a 35% stake in Haneti, said the program involved 2,000 meters of Rotary Air Blast (RAB) drilling with 50 holes planned at about 40 meters deep per hole.
() said it had raised gross proceeds of £ 6million through a non-brokered private placement of units with institutional investors, family office, high net worth private investors, its chief executive and directors for help finance its purchase of Atomic Oil and Gas. The company said it had raised funds by placing units at 0.2p each, a 35% reduction from its last closing price, with each unit comprising one company share and half a warrant, with a full bond entitling the holder to purchase a share at 0.26 pence for 12 months from the settlement date of the placement.
PLC (), the AIM-listed metal exploration and development company, said it had received notices to exercise warrants on 2,500,000 new ordinary shares of 0.1p each, comprising 1,500.00 single-ended warrants. exercise price of 1.0p per ordinary share and 1,000,000 warrants at an exercise price of 0.75p per ordinary share. Subscriptions of £ 22,500 have been received by Power Metal in respect of these exercises.
Empire Metals Limited (), the AIM-listed resource exploration and development company, announced that it had received approval from the Australian Foreign Investment Review Board to acquire the Eclipse gold project, located at 55 kilometers northeast of Kalgoorlie, in the west of the country. Australia. The last prerequisite is ministerial consent, which should be received shortly.
European Metals Holdings Limited (LON: EMH) (ASX: EMH) has announced a new financing agreement with 6466. The agreement allows the drawdown of up to A $ 1 million in installments as needed over 12 month. All funds withdrawn will be converted to ‘s in the company at a price equal to 15% off the 10 day volume weighted average price of the Company’s securities. The issuance of shares following direct debits is not subject to shareholder approval.
(), the mining exploration and development company, said it had received a conversion notice regarding its US $ 1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Limited and YA II PN Ltd, of which details were announced on July 15, 2020. The group said the investors chose to convert a total amount of $ 150,809.59 (or GBP 111,704.66), consisting of a principal amount of $ 150,000 and accrued interest of $ 809.59. , in 176 190,315 new Kodal ordinary shares of 0.03125 pence each, at a price of 0.06340 pence per ordinary share.
PLC (), the natural resources exploration and development company with interests in battery metals and flexible grid solutions, announced that all resolutions submitted to shareholders at its annual general meeting held on Wednesday had been duly adopted by show of hands.
(), the Georgia-centric development and production company, announced that at its general meeting on Wednesday both resolutions passed with 99.90% of the votes in favor. The company has therefore confirmed that 176,000,000 new ordinary shares of 0.25 pence each have been granted today to existing and new investors at the issue price of 3 pence per ordinary share.
(), the quasi-patient molecular diagnostics company, announced that at its annual general meeting, held on Wednesday, all proposed resolutions were duly passed.
(), the AIM-listed exploration and development company operating in Europe, announced that at its general meeting on Wednesday, the resolution submitted to shareholders was duly passed with 100% of the shares voted in favor.
Eco (Atlantic) Oil & Gas Ltd. (LON: ECO) (CVE: EOG), the oil and gas exploration company with licenses in high-potential areas of Guyana and Namibia, announced that all resolutions were duly adopted by shareholders at its meeting annual general. meeting Wednesday.
Limited () has stated that following its announcement on December 24, 2020, a general meeting of shareholders will be held at Level 22, 303 Collins Street, Melbourne, Australia at 5:00 p.m. (Australian Eastern Standard Time) on the 29th January 2021. The purpose of this meeting is to propose a resolution to shareholders for the proposed divestiture of Indokal Limited, the 100% owner of the Kalimantan Surya Kencana employment contract, located in central Kalimantan, Indonesia. The proposed sale was previously announced on October 8, 2020 and December 24, 2020. If shareholders have any questions, they are invited to submit them by email to [email protected] by 10:00 am (UK Standard Time) on January 25, 2021. He added that Asiamet Executive Chairman Tony Manini will provide an update on the company after the general meeting.
