TRADING UPDATES: CyanConnode to boost funds; Pure Gold cancels itemizing

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

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CyanConnode Holdings PLC – gold miner with operations in Armenia and property in Kyrgyzstan – Intends to boost round GBP5 million to new and present institutional traders. The shares are priced at 17 pence per odd share. It is the same as the closing worth on January 20. Plans to make use of the online proceeds to additional strengthen the corporate’s steadiness sheet.

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Malin Corp PLC – Dublin-based investor in life sciences firms – Says Sean O’Driscoll purchased a 5.3% stake within the firm on January 23.

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Kefi Gold & Copper PLC – Cyprus-based gold and copper exploration and improvement firm with initiatives in Ethiopia and Saudi Arabia – Agrees the USD320 million financing for its Tulu Kapi gold mission in Ethiopia in precept with lenders. Aims to start out full manufacturing from Tulu Kapi gold mission open pit operations in 2025. “It may be very pleasing that we’re finalising the USD320 million financing of the Tulu Kapi gold mission. This is a big advanced transaction in a difficult working setting, towards a backdrop of turbulent fairness markets and progressive political reforms in Ethiopia. KEFI is due to this fact delighted with the first-class syndicate we have now established to make the long-standing Tulu Kapi Gold Project an operational actuality,” Finance Director John Leach feedback.

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Pure Gold Mining Inc – Vancouver-based gold mining firm centered on Canada – Applies to the Financial Conduct Authority to cancel its itemizing on the London Stock Exchange. Expects the cancellation of its itemizing to be efficient from February 21 on 0800 GMT.

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Newmark Security PLC – safety providers supplier – Reports a pretax lack of GBP1.2 million in 2022, widened from GBP100,000 the 12 months earlier than. Revenue rises 8.4% to GBP19.1 million from GBP17.7 million. Administrative bills soar to GBP7.6 million from GBP6.7 million. Says this development was primarily pushed by sturdy North American human capital administration enterprise development. Looking forward, the corporate states: “We are in a robust place to learn from the thrilling alternatives that our groups throughout the group have labored arduous to develop previously 12 months. We are forecasting income development for the approaching 12 months and 12 months to this point outcomes present we’re on track to attain this.”

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Leeds Group PLC – Wetherby, England-based textile manufacturing firm – In the six months to November 30, pretax loss narrows to GBP224,000 from GBP487,000 a 12 months earlier than. Total administrative bills cut back to GBP1.7 million from GBP2.2 million. Revenue stays flat at GBP15.6 million. “Trading is at the moment in keeping with forecast and the cost-cutting measures taken final 12 months are offering a superb platform on which to rebuild a worthwhile enterprise,” Leeds states.

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Corre Energy BV – Groningen, Netherlands-based renewable power storage options and inexperienced hydrogen producer – Signs a binding business phrases offtake settlement for a 15-year interval with Eneco for the complete storage capability of the Zuidwending compressed air power storage mission within the Netherlands. Appoints advisers to finish the European improvement capital funding course of for ZW1 and GHH1, the inexperienced hydrogen hub mission in Denmark. Notes encouraging progress at that website. “In the rapid future, Corre Energy is totally focussed on delivering on its key initiatives. In addition, the market wherein the corporate operates, pushed by the worldwide dedication to the power transition, is now growing very quickly, and a variety of further alternatives are presenting themselves. Corre Energy expects to have the ability to leverage its early learnings and successes to ship vital further worth for all its stakeholders for a few years to come back,” Chief Executive Keith McGrane feedback.

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Angus Energy PLC – London-based oil and fuel improvement firm – Says Paul Forrest holds a 15% stake within the firm as of January 20, following the difficulty of 60.6 million shares at a worth of 1.65 pence per share to his wholly-owned firm Forum Energy Services Ltd. The shares had been issued relating to a settlement in shares of GBP1 million of deferred consideration resulting from Forum Energy, it says.

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Hellenic Dynamics PLC – London-based medicinal hashish cultivator and provider – Says it’s on observe for its first hashish harvest in mid-2023. Says that it’s in superior discussions with licensed medical hashish distributors outdoors Germany for added off-take agreements. Adds that it has signed two time period sheets for the off-take of its THC-dominant medical hashish flowers into Germany’s superior medical hashish market. Expects the European medical hashish market to succeed in EUR43.3 billion by 2027. “We have continued to make good progress since our IPO and our cultivation and processing facility in Greece is on observe to be prepared for the primary harvest to happen within the second quarter of this 12 months. With discussions with new potential off-take prospects on going, and the value of THC-dominant medical hashish holding agency, we glance to the long run with confidence and may’t look forward to our merchandise to start out altering sufferers’ lives for the higher throughout 2023,” CEO Davinder Rai feedback.

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BlueRock Diamonds PLC – diamond producer centered on South Africa – Says its operations on the Kareevlei diamond mine within the Kimberley area of South Africa had been suspended by the South African Department of Mineral Resources & Energy on January 20. Operations will likely be suspended till contraventions recognized by them are rectified, it says. Expects the positioning to be operational by Friday.

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tinyBuild Inc – Washington, US-based indie video games writer – Says that income for 2022 is in keeping with expectations. Adds that adjusted earnings earlier than curiosity, tax, depreciation, and amortization are “broadly” in keeping with expectations. Says that it carried out strongly within the second half of 2022, each by way of gross sales and sport improvement. “Our focus and shared love for video video games resulted in a document This autumn gross sales interval, with a extremely diversified portfolio of video games throughout all platforms and early indicators of success of our cross-media technique. We are constructing one thing to survive us as a era,” CEO Alex Nichiporchik feedback.

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Caracal Gold PLC – East Africa-focused gold producer – Sells 806 ounces of gold within the third quarter of 2022, down from 835 ounces within the fourth quarter from its flagship Kilimapesa gold mine. Reports wonderful progress at Nyakafuru gold mission in Tanzania and completes the primary section of its exploration mission on schedule and on time. Hopes to nominate Simon Grant Rennick as govt chair topic to sure ultimate business negotiations and authorized formalities. “Q3 and This autumn noticed Caracal advance a number of work programmes at its flagship asset, the Kilimapesa Gold Mine in Kenya, the place we’re centered on growing each mining and processing capability to elevate manufacturing to 24koz Au every year. While the delay in funding has slowed actions, along with the event of the mine plan and ongoing work on the new processing plant, we’re additionally analysing outcomes from regional exploration programmes to develop our assets and additional strengthen the mission’s economics,” CEO Robbie McCrae feedback.

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By Abby Amoakuh, Alliance News reporter

Comments and inquiries to newsroom@alliancenews.com

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