Small Caps News
Sound Energy refutes reports on Morocco LNG deal
Morocco-focussed upstream gas company Sound Energy responded to media reports in the north African country on Friday, confirming that it had not signed an agreement on a proposed liquefied natural gas project.
Totally subsidiary Vocare secures new contracts
Healthcare service provider Totally said on Friday that urgent care subsidiary Vocare has been awarded a place on the regional ‘Integrated Urgent Care Clinical Support Framework’ hosted by the Yorkshire Ambulance Service NHS Trust.
Safestay to sell Edinburgh hostel to pay down debt, shore up cash
Hostel operator Safestay has entered into conditional sale and purchase agreements to sell its Edinburgh Hostel to a&o Hotels and Hostels, it announced on Friday, for £16m in cash on completion, representing a 22% premium to its £13. 4m book value.
Capital Metals makes progress on Eastern mineral sands project
Sri Lanka-focussed natural resources company Capital Metals reported progress on the Eastern mineral sands project on Friday, confirming that the public consultation period had now ended.
Chamberlin raises £3.5m, carries on with cost-cutting programme
Castings and engineering group Chamberlin said on Friday that it has conditionally raised approximately £3. 5m thanks to a placing of 40. 83m new ordinary shares at a price of 6. 0p per share with both institutional and other investors and a subscription for 17. 5m new ordinary shares at the placing price by non-executive director Trevor Brown.
Haydale awarded £1.1m UK innovation loan
Haydale Graphene Industries has been awarded a £1. 1m loan by the UK government's innovation agency to expand its manufacturing operations.
Immotion raises £300,000 from investor
Immotion has agreed to raise £300,000 from one of its investors in a transaction that values the shares at 15% more than Thursday's closing price.
Panthera encouraged by sampling results at Bassala
West Africa and India-focussed gold exploration and development company Panthera Resources announced on Friday that soil sampling was now complete at the Bassala Project in Mali.
Bidstack to remain cash flow negative after beating revenue forecasts
In-game advertising technology company Bidstack reported revenue of £1. 7m in its preliminary results on Friday, rising from £0. 14m year-on-year and ahead of market expectations.
Tertiary Minerals reports 'encouraging' results from Lucky project
Tertiary Minerals reported “encouraging” analytical results from its maiden drill hole at the Lucky Copper Project in Nevada on Friday, having drilled hole 21TLRC001 to a depth of 108. 24 metres.
FireAngel secures new government-backed Covid loan
FireAngel has secured additional bank funding, it announced on Friday, under UK government-backed coronavirus loan schemes.
Global Petroleum losses widen as it seeks to preserve cash
Global Petroleum reported a loss after tax of $3. 04m (£2. 21m) in its first half on Friday, widening from $0. 75m year-on-year, after a $2. 41m impairment write off following the expiry of the PEL0029 licence.
Urban Logistics agrees £30m sale of five assets
Urban Logistics has exchanged contracts to sell five assets as part of a portfolio, it announced on Friday, for £30m at a 4. 8% exit yield, realising a total property return of 78. 8%.
PCF Group loan quality improves as Covid-19 disruptions ease
Specialist bank PCF Group said on Friday that loan quality had improved as a result of Covid-19 disruptions easing of late.
Idox delivers 'continued robust financial performance' in Q1
Software and solutions specialist Idox said on Friday that it had delivered a "continued robust financial performance" in its continuing operations during the first quarter, in line with the internal expectations.
Proteome expects FY profits to be 'materially higher' than previous guidance
Protein biomarker research and development firm Proteome Sciences said on Friday that it has been progressing with a year-end audit and now expects to announce its 2020 full-year results on 1 April.
Renew Holdings acquires water-focussed engineering outfit J Browne
Engineering services group Renew Holdings has agreed to acquire water-focussed engineering outfit J Browne Group for a cash consideration of £29. 5m.