TRADING UPDATES: Pantheon Resources repays notes; Corcel raises funds

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(Alliance News) – The following is a round-up of updates by London-listed corporations, issued on Wednesday and never individually reported by Alliance News:

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Pantheon Resources PLC – Alaska-focused oil and gasoline firm – Pays quarterly principal reimbursement of USD2.5 million and the curiosity fee of USD416,500 for its senior unsecured convertible bonds due 2026 via the issuance of latest shares. Issues a complete of three.3 million new abnormal shares.

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Invinity Energy Systems PLC – London-based utility-grade power storage producer – Agrees to the phrases on a convertible mortgage facility for as much as USD10 million with Riverfort Global Opportunities and YA II PN Ltd. Makes an preliminary drawn quantity of USD2.5 million, which it expects to be obtained on Wednesday. Notes that no curiosity is payable on the preliminary advance and that any rate of interest on any additional advance is to be agreed between the events.

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Trackwise Designs PLC – Tewkesbury, Gloucestershire-based merchandise utilizing printed circuit expertise – Increases the dimensions of its putting and subscription to roughly GBP4.3 million following the putting of 425.0 million new shares and a subscription of 300,000 shares at a difficulty value of 1 pence per shares.

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Iofina PLC – London-based iodine producer – Says that its chemical division was awarded ISO certification following the QMS analysis course of. Says that the ISO certification will problem the corporate to enhance as an organisation.

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Corcel PLC – London-based mining and mineral useful resource improvement firm – Raises gross proceeds of GBP466,000 from the problem of 116.5 million new shares at a value of GBP0.004 to Auspect Investment PTY Ltd. The putting value represents a 95% premium to the closing share value on December 13. Notes that Auspect intends to distribute the shares to a Hong Kong-registered firm with the identical title, as soon as that firm is ready up. Intends to make use of a portion of the funds from this fundraising to finish the retirement of the company debt due in March 2023.

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Helium One Global Ltd – London-based helium explorer in Tanzania – Raises gross proceeds of roughly GBP9.9 million via the problem of 197.9 million new shares at a value of 5.0 pence per share. The fundraise included a putting of 175.6 million new shares and a subscription of twenty-two.4 million new shares to boost roughly GBP1.1 million. Following the admission of the fundraise shares, its issued and totally paid share capital will include 820.3 million shares. “Following on from the NPC funding introduced in October, we welcome this extra capital, priced at a wholesome premium, confirming the board’s view of a present valuation discrepancy available in the market. This new investor, when mixed with our new NPC cornerstone factors to an thrilling future for Corcel and its pursuits and units the inspiration for our operations and route in 2023,” CEO Scott Kaintz feedback.

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By Abby Amoakuh, Alliance News reporter

Comments and inquiries to newsroom@alliancenews.com

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