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Small cap round up
Anglo Asian Mining’s Gedabek site has been connected to the Azerbaijan national power grid in order to use cheaper power from diesel generators and enable it to expand production. Connection to the Azerbaijan national power grid is expected to generate annual savings of about $2. 3m as electricity will be bought from the grid at 3. 5 cents per kilowatt hour.
StratMin looks into gold investments
StratMin Global Resources, graphite production and exploration company, has announced that it is currently looking into investment opportunities within the precious metals sector, particularly gold, as part of the condition it must meet for its recent AIM listing.
Bezant Resources obtains gold and platinum at Columbian plant
Bezant, an AIM listed mineral exploration and development company, has recovered initial gold and platinum via its exploration processing plant on site at the FKJ 083 license area in the Choco Province of Colombia.
Sanne to acquire International Financial Services
Sanne, a specialist provider of outsourced corporate, fund and private client administration, reporting and fiduciary services, has entered into an agreement to acquire International Financial Services (IFS) and its trustees for a consideration of around $127. 3m.
Northern Petroleum offloads High Power assets for $2.5m
Northern Petroleum, an AIM listed oil company focusing production led growth, announced that it has agreed to divest interests in its assets to High Power Petroleum (H2P) for $2. 5m.
Europe midday: Stocks on the rise with OPEC meeting underway
European stocks remained in the black by midday as investors bet that OPEC members would come to an agreement on production at the cartel's meeting in Vienna.
Jersey Oil & Gas raises £1.6m through placing
Jersey Oil & Gas, an AIM listed independent upstream oil and gas company, announced that it has raised around £1. 6m, before expenses, through a placing of 1. 5m shares.