Small cap round up

Directors of E2V Technologies have recommended an all-cash takeover by California-based Teledyne at 275p per shares, valuing the imaging and camera technology specialist at £619.6m. The offer came at a 48% premium to the share price at Friday's close and a premium of 32.6% to the volume-weighted average closing share price over the last twelve months.

Natural resources investing company Metal Tiger provided an update on the drilling and exploration progress at the Logrosan Minerals joint venture in Extremadura, Spain on Monday. The AIM-traded firm said the Logrosan Minerals venture was targeting gold and antimony at the Maria Project, and tungsten and gold at the Logrosan Project.

AIM-listed Hardide, which develops and provides advanced surface coating technology, reported a wider loss for the year to the end of September as sales took a hit from a downturn in the oil and gas market. The company reported a pre-tax loss of £1.46m compared to a loss of £207,000 the year before, as revenue declined to £2.14m from £3m. Hardide noted a drop in demand for customers in oil and gas exploration, as expected.

Eastern Russia-focused base metals exploration and development company Amur Minerals reported that its executive management and key local staff had completed a series of meetings with various state and federal agencies of Russia’s Far East Region on Monday. The AIM-traded firm said the meetings were held with regards to infrastructure requirements for its Kun-Manie nickel copper sulphide deposit in the northeast of the Amur Oblast.

Exploration company North River Resources announced drill results and an assessment of its recently completed underground diamond drilling programme at the Namib Project in Namibia on Monday. The AIM-traded firm said a total of 4,142 metres of resource drilling had been completed, and a number of outstanding intersections continued to support strong resource upside at Namib, although overall results were not expected to grow the indicated mineral resources at this stage, pending further drilling.

Fluorspar developer Tertiary Minerals announced its audited results for the year to 30 September on Tuesday, with revenue of £0.19m up from £0.18m. The AIM-traded firm narrowed its operating loss to £0.39m, compared to £0.42m last year, with a total loss for the year of £0.47m, less than the £0.67m posted in 2015.