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Small Caps News
28 May
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Panthera begins drill programme at Labola project

West Africa and India-focussed gold exploration and development company Panthera Resources announced on Friday that the reverse circulation drill rig has arrived on site at the Labola Wuo Land Project in Burkina Faso.

28 May
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Kape enters new debt facility deal with six banks

Security and privacy software company Kape has entered into an agreement with its existing bank syndicate of Bank of Ireland, Barclays Bank and Citi Commercial Bank, as well as three new banks being Citizens Bank, BNP Paribas and Leumi Bank, to provide new senior secured bank facilities of up to $220m, it announced on Friday.

28 May
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Shield Therapeutics appoints industry veteran Greg Madison as CEO

Commercial stage pharmaceutical company Shield Therapeutics announced on Friday that Greg Madison has been appointed as its chief executive officer, with effect from 1 June.

28 May
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Agronomics investment in CellX converts to equity

Alternative proteins and cultivated meat company Agronomics announced on Friday that its portfolio company CellX had completed its seed financing round.

28 May
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Real Good Food gets shareholder help with disposal costs

Real Good Food updated the market on the completed disposal of Brighter Foods on Friday, reporting that major shareholders Napier Brown, Omnicane, and certain funds managed by Downing had each agreed to contribute £0. 18m towards the costs it incurred around the sale.

28 May
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Beowulf 'eager' to get started on drill targets

Mineral exploration and development company Beowulf Mining updated the market on its March quarter on Friday, having increased its ownership of Vardar Minerals to 48. 4% from 46. 1% for £0. 2m, in February.

28 May
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Galantas sales still nil as it moves towards commercial production

Galantas Gold reported nil sales revenue in its first quarter on Friday, in line with the comparative period a year earlier, following the start of concentrate shipments in the third quarter.

28 May
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Helios outperforms Lloyd's market in pandemic-hit year

Lloyd’s underwriting capacity investor Helios reported a 5. 7% outperformance against the Lloyd's of London market in its final results on Friday, as its capacity portfolio grew by 31%, after five acquisitions were made for a total of £10m.

28 May
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Franco Manca owner sees revenues jump as restrictions ease

Franco Manca and Real Greek owner Fulham Shore posted a jump in revenues on Friday after it reopened its doors to indoor diners as Covid restrictions were eased.

28 May
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Oilex dusts hands of Bhandut contract in India

Oilex announced on Friday that the sale of its 40% participating interest in the Bhandut production sharing contract in India had now been completed, following the receipt of $0. 29m from the buyer.

28 May
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Zinc Media secures £1.9m worth of new commissions

TV and multimedia content producer Zinc Media said on Friday that it has won a further £1. 9m of new commissions for 2021 over the last five weeks, coinciding with the easing of lock-down restrictions.

28 May
Quantum Blockchain confirms delay to Clear Leisure court proceedings

Quantum Blockchain Technologies updated the market on the Clear Leisure legal proceedings on Friday, reporting that the latest hearing for Clear Leisure 2017’s (CL17) action against Sipiem’s previous board and internal audit committee at the Venice Court has been temporarily suspended.

28 May
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Corcel acquires 'shovel ready' Avonmouth gas peaking project

Natural resource exploration and development company Corcel said on Friday that it has acquired the "shovel ready" Avonmouth 50-megawatt gas peaking project outside of Bristol from FPC Electric Land.

28 May
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Eqtec looks to raise up funds via placing and subscription

Gasification technology group Eqtec said on Friday that it was looking to add to its warchest by way of a placing of new ordinary shares, an offer for subscription of up to 200. 00m new ordinary shares by PrimaryBid and a direct subscription of up to 287. 66m new ordinary shares.

28 May
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Avacta still waiting on MHRA approval for Covid-19 test

Cancer therapies and diagnostics developer Avacta Group responded to speculation around the CE-mark submission for its SARS-CoV-2 antigen lateral flow test on Friday.