Small caps news round-up

Strategic natural resources investor Metal Tiger announced its participation in the acquisition of 12,013,173 shares in Goldstone Resources, in conjunction with Red Rock Resources, at a price of 1.87p per share. The AIM-traded firm said the acquired shares total 19.29% of the issued share capital of Goldstone Resources, and upon completion Red Rock and Metal Tiger will own 9.645% each.

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Banking-to-agriculture group Camellia lifted full-year profits to £23.9m from £17.2m led by a strong performance from its Kenyan tea operations, although it warned that current trading was taking place in challenging market conditions. Revenues rose to £257.8m from £238.9m a year earlier and the board has increased the final dividend to 95p a share from 92p for a total payout of 129p a share.

Recruiter Harvey Nash posted a rise in full-year profit but said concerns over a possible Brexit have contributed to a slowdown in the UK. In the year to the end of January, pre-tax profit rose 7% to £9.1m on broadly flat revenue of £676.5m.

Arian Silver Corp.’s shares fell on Thursday after the company announced a £700,000 fundraiser to boost its balance sheet and fund projects. The company placed 70 million new common shares at 1p each, with the proceeds to be used for advancing the exploration of its mining concessions in Zacatecas, Mexico. Arian said the funds raised will also be used in connection with its option agreement with Tierra Neuva Mineria to evaluate its portfolio of assets.