Small Caps News
Diversified Gas and Oil agrees to acquire two US-based natural gas gathering systems
Diversified Gas and Oil has entered into binding agreements to acquire two separate packages of "margin enhancing" natural gas gathering systems in the US.
Faron Pharma raises £2.3m to keep it going through the start of 2020
Clinical stage biopharmaceutical company Faron Pharmaceuticals has received valid acceptances and excess applications from qualifying shareholders for a total of 859,513 open offer shares, raising gross proceeds of around €1. 01m (£0. 92m) at the issue price of 106p per share and at the euro issue price of 119 cents per share, it announced on Tuesday.
Reabold Resources pleased with progress at Iecea Mare
Upstream oil and gas project investor Reabold Resources updated the market on the Iecea Mare production licence, onshore western Romania, on Tuesday, confirming that the operator ADX Energy had reached a total depth of 2,335 metres measured depth on the IM-1 appraisal well, with wireline logging complete.
Eco Atlantic upbeat as drilling begins on 'Joe' prospect
Eco Atlantic Oil & Gas announced on Tuesday that drilling of the ‘Joe’ prospect had started offshore Guyana - its second exploration well on the Orinduik Block.
Surface Transforms finalises deal with unnamed German manufacturer
Carbon fibre-reinforced ceramic brake disc manufacturer Surface Transforms has concluded the final contractual terms on the contract award with a client named ‘German OEM 5’, it announced on Tuesday.
Adamas restructures investment in magnesium operation in Shanxi, China
Investment company Adamas Finance Asia announced the restructuring of its equity and debt interests in Hong Kong Mining (HKMH) on Tuesday, which is the special purpose vehicle holding its interest in Linfen Zhuangpeng Magnesium Company, which owns a large open-pit dolomite magnesium limestone operation in Shanxi Province, China.
Ascent Resources pushing against development hurdles in Slovenia
Slovenia-focussed oil and gas exploration and production company Ascent Resources updated the market on Tuesday, reporting that it was still working towards “fully capturing the value” of its investment in Slovenia, as well as diversifying into other nearby regions.
DMGT to sell UK energy information business for $346m
Daily Mail owner DMGT has agreed to sell its energy information business, Genscape, to US data analytics provider Verisk for $364m (£297m).
EVR Holdings partners with Good Morning America for concert broadcast
EVR Holdings on Tuesday partnered with the top-ranked American breakfast news programme, 'Good Morning America', to set up a live virtual reality broadcast of the programme's summer concert series.
AFC Energy fuel cells pass 12-month longevity milestone
AFC Energy on Tuesday successfully achieved twelve continuous months of operation of its fuel cell electrode and said it is on track to achieve targeted electrode longevity.
Proton Power Systems launches electronic vehicle charging joint-venture
Proton Power Systems on Tuesday entered into a joint-venture agreement with Schäfer Elektronik, with the two new partners aiming to build an integrated plug and play power unit.
Malvern International agrees £6.6m loan for repayments, working capital
Education and skills company Malvern International has entered into a loan agreement with Boost & Co for working capital purposes, to repay a shareholder loan and to fund the continued development of the group, it announced on Tuesday.
Regal Petroleum quadruples gas discount for Smart Energy
Oil and gas exploration and production company Regal Petroleum has agreed an amendment to the terms upon which it sells its gas production to LLC Smart Energy, it announced on Tuesday.
Providence agrees another extension to Barryroe farm-out backstop date
Providence Resources announced yet another extension to the backstop date for its Barryroe farm-out transaction on Tuesday - this time to 2 September.
Live Company exceeds 2019 events target
Events and entertainment group Live Company has contracted 60 BRICKLIVE Lego shows and events across the globe so far this year, marking a key milestone for the firm.
Kazera Global conditionally raises £400,000 via discounted placing
Investment firm Kazera Global has conditionally raised £400,000 via the placing of 66. 66m shares at a discount.
Jadestone Energy profits surge as oil prices boost revenue
Jadestone Energy said on Tuesday that it swung to an interim profit as revenue soared amid rising oil prices, though second quarter production was impacted by planned downtime and poor weather.
Renold investigation finds 'intentional' mis-statement of accounts
Industrial chains supplier Renold said on Tuesday that it had completed the investigation into historical accounting issues at its gears business, which found that there had been an "intentional misstatement of results at a local level".
Sareum Holdings expects broadly flat interim losses
Drug developer Sareum expects interim losses to be broadly flat year-on-year as it continues to focus on the development of multiple treatments for cancer and autoimmune diseases.
Carpetright shareholder Meditor buys its debts
Embattled floor coverings retailer Carpetright said on Tuesday that its largest shareholder, Meditor European Master Fund, will buy its £40. 7m revolving credit facility (RCF) from lenders NatWest and AIB.