Small cap news round-up
Europa Oil&Gas's recently awarded licensing option 16/22 had un-risked indicative resources in the range of between 300 to 600m barrels of oil equivalent, the company said in a technical update.
The explorer had a 100% interest in the licence, which covered 992 square kilometres in the Padraig basin.
CyanConnode has widened its half-year pretax loss to £2.86m, from a loss of £2.29m, in a period that it described as pivotal for the group. Revenue improved to £1.03m, from $157,328.
"This was a pivotal period for the Group as we significantly enhanced our capabilities and offering," said executive chairman John Cronin.
Stellar Diamonds announced that it would combine its operations in Sierra Leone to create the second-largest diamond mining operation in West Africa.
The combination of Stellar's Tongo kimberlite diamond project with Octea Mining's adjacent Tonguma project would have an inferred JORC diamond resource of 5m carats.
Blur Group had a plan and was cautiously confident of success, the company’s finance chief told Digital Look.
In an interview at Digital Look’s offices, on 17 August, new finance director Tim Allen struck a positive note on the restructuring put in place at the digital marketplace.
Metal Tiger said latest drill-programme results from its Kalahari Copper Belt joint venture in Botswana continue to show wide intersections of mineralisation, up to 42m in hole MO-G-28D.
Chief executive Paul Johnston said that as the drilling element of the work was almost over, assays were being sent to the independent resource consultant.
DJI Holdings, a provider of online bookings, mobile payments and lottery sales in China, said on Monday the Xinhuatong partnership is running ahead of schedule.
DJI supplies the technology platform to the partnership between Beijing NewNet Science & Technology (NewNet) and Xinhuatong.
Palace Capital has completed the net £10.58m acquisition of Boulton House in Manchester, and is looking to improve the net yield it receives from rental income through refurbishing some of the building.
It added that a £6.02m new debt facility had been secured with Santander. Maturing in June 2020, this debt facility represented a 55% loan to value and was concluded at a margin of 2.25% over LIBOR.
AIM-listed mobile gaming provider Nektan has agreed to sell three of its wholly-owned gaming brands to Buckingham for an initial £1.75m in cash, with a further £200,000 expected to follow shortly.
The company will also enter into a five-year licensing agreement with the group for the continuing operation of the brands under Nektan's white label Evolve platform for a monthly royalty.