Small Caps
Global Petroleum full-year losses narrow
Global Petroleum reported a loss after tax of $1. 04m in its final results on Friday, narrowing from $1. 28m year-on-year.
Kodal agrees transfer of Bougouni licence with Mali government
Kodal Minerals announced on Friday that it has reached an agreement with the government of Mali for the transfer of the Bougouni Lithium Project’s mining licence to its Malian subsidiary, Les Mines de Lithium de Bougouni (LMLB).
Boohoo appoints Dan Finley as CEO
Boohoo said on Friday that it has appointed the current boss of Debenhams, Dan Finley, as its new chief executive, just days after shareholder Frasers Group urged the online fashion retailer to replace its CEO with Mike Ashley.
Hummingbird reports progress with financial restructuring
Hummingbird Resources updated the market on its financial restructuring efforts with primary lenders Coris and CIG on Friday, along with its largest shareholder Nioko Resources Corporation.
Challenger Energy finance chief steps down
Challenger Energy Group announced the resignation of chief financial officer Gagan Khurana on Friday, effective immediately, due to personal reasons.
Emmerson launches formal dispute with Moroccan government
Potash development company Emmerson announced on Friday that it has formally notified the Moroccan government of an investment dispute, citing breaches of the 1990 Bilateral Investment Treaty (BIT) between the UK and Morocco.
Ondine raising £8.5m to fund US clinical trial
Ondine Biomedical announced a proposed minimum £8. 5m fundraising through a placing and subscription of new shares on Friday, priced at 8. 5p each, to support the US phase three clinical trial of its nasal photodisinfection system, ‘Steriwave’.
CAP-XX raises £2.75m in oversubscribed placing
CAP-XX announced on Friday that it has successfully raised £2. 75m in an oversubscribed placing and subscription, ahead of expenses.
ECR Minerals enters exclusivity deal for potential sale of MGA
ECR Minerals announced on Friday that it has entered into an exclusivity agreement for the potential sale of its subsidiary Mercator Gold Australia (MGA), including around AUD 75m (£38. 14m) in tax losses.
Minoan announces measures to reduce liabilities
Minoan Group announced further measures to reduce its liabilities and update its financing strategy on Friday.