Small cap round up
Snoozebox will be providing a total of 240 rooms at the Isle of Man TT motorcycle races being held between May and June.This will be the fourth time Snoozebox provides accommodation for the event and it will be located in Noble's Park, close to the main TT grandstand, start/finish line, paddock and TT hospitality suite, and just minutes from all the action. Adjacent to the hotel is a restaurant, bar and guest lounge.
Ariana Resources, an AIM listed exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey, has announced an oversubscribed placing of 56m new ordinary shares to raise gross proceeds of around £900,000 before expenses.The shares of 0.1p each will be priced at of 1.6p each, conditional on admission to AIM.
Steppe Cement, a construction materials producer in Kazakhstan, reported that revenue fell as cement consumption in the country contracted, although the company maintained its market share. Revenue for the year ended 31 December 2016 fell 8% to 17.94m tenge (KZT), compared to 2015 and sale volumes were down 4% to 1.57m tonnes of cement.
Iodine and iodine specialty chemical derivative explorer and producer Iofina provided an update to the market on Friday, over 2016 crystalline iodine production totals and iodine production expectations for the first half of 2017.The AIM-traded firm said it produced a total of 218.6 MT of crystalline iodine in the second half of 2016 from its five ‘IOsorb’ plants.
Secure Trust Bank issued a pre-close trading update on Friday, ahead of its annual results announcement 2016 calendar year, scheduled for 23 March. The company described it as a year of “excellent progress”, ending with a “very busy and productive” final quarter.
AIM-listed investment fund Vietnam Infrastructure has received the first payment for the sale of Southeast Asia Telecommunications from OCK Vietnam Towers.The company has received $47.5m in cash for the sale of Southeast Asia Telecommunications, which owns Global Infrastructure Investment which owns and leases 1,972 mobile phone base stations and over 150 integrated base stations to mobile network operators in Vietnam.