Small Caps
ASA Resource reports evidence of managers funnelling cash
ASA Resource Group announced on Tuesday that, further to its announcement on 4 April, its board had now received and considered the initial report it commissioned into anonymous allegations made in relation to Freda Rebecca Gold Mine, Zimbabwe, in which the group has an 85% interest.
All Asia Asset Capital disposal hits delay
All Asia Asset Capital announced on Tuesday that, further to its announcement on 24 March regarding the passing of all resolutions at its extraordinary general meeting on the same day, it had not received the consideration payment equivalent to THB 34. 89m for the disposal of its entire interest in Energy Central.
Urals Energy makes solid progress at Petrosakh and Arcticneft
Independent exploration and production company Urals Energy updated the market on its operations on Tuesday, saying that at Petrosakh, its drilling team had spudded Well 130, located on the main licence area on the Eastern coast of Sakhalin Island.
Cloudbuy makes progress with large contracts
Investors in cloud-based e-commerce marketplaces and B2B buyer and supplier solutions cloudBuy were gathering for the company’s annual general meeting on Tuesday, at which management made a statement on the AIM-traded firm’s progress.
South32 calls off Metropolitan Colliery acquisition
Shares in South32 fell on Tuesday after the miner said that it will no longer pursue the acquisition of the Metropolitan Colliery and a 16. 67% stake in the Port Kembla coal terminal in Australia from Peabody Energy Corporation.
Civitas Social Housing to buy Midlands property portfolio for £11.5m
Civitas Social Housing is to buy a portfolio of regulated social housing in the Midlands for £11. 5m.
Saffron Energy starts first production at Italy gas field
Saffron Energy started first production at its Italy gas field on 13 April, just seven weeks after the natural gas producer floated on AIM.
Mosman Oil & Gas to buy a 50% stake in Texas oil project
Mosman Oil & Gas is to buy a 50% stake in the Strawn oil project in the US for $75,000.
Richland Resources ramping up Capricorn production
Gemstones producer and developer Richland Resources announced its unaudited quarterly operational and sales update for the first quarter on Tuesday, with 699,957 carats produced as part of the production and ramp-up process for the Capricorn Sapphire mine held by wholly-owned subsidiary Capricorn Sapphire.
Anglo Asian 'optimising' production in Azerbaijan
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on its exploration and production optimisation strategy on Tuesday, together with a quarterly review from its Gedabek gold, copper and silver mine in western Azerbaijan for the three months to 31 March.
IronRidge expands Ivory Coast gold prospects
IronRidge Resources announced on Tuesday that it secured the right to acquire an additional highly prospective gold license application, which it said complemented and enhanced its existing projects in Ivory Coast, West Africa.
Metal Tiger, Sprott extend private placement deadline
Natural resources investing company Metal Tiger announced on Tuesday that, further to its announcements on 28 and 29 March relating to the Sprott Private Placement Offering, Sprott and Metal Tiger had mutually agreed to extend the closing date to 20 April from 17 April.
MTI Wireless Edge wins irrigation management contract
Flat panel antenna maker MTI Wireless Edge has won a $300,000 irrigation management solution contract.
Sound Energy moving rig to Sidi Moktar
Africa and Europe-focussed upstream gas company Sound Energy announces the mobilisation of a rig to its Sidi Moktar asset, onshore Morocco on Tuesday.
LGO Energy confirms production at another well
LGO Energy announced on Tuesday that its second development well, GY-683, in the new drilling campaign on the company's Goudron Field, which was drilled to a total depth of 1,250 feet measured depth and perforated over a 269-foot interval of net oil pay within the Mayaro Sandstone reservoir, was now on production.
Diversified Gas & Oil buys 1,300 producing wells in the US
Diversified Gas & Oil’s $1. 75m acquisition of 1,300 producing wells in the US has completed.
Zoo Digital to raise £2.58m to reduce debt, stregthen balance sheet
Subtitle provider Zoo Digital is planning to raise about £2. 58m in order to reduce debt and to strengthen its balance sheet.
Wey Education reports maiden profit in first half
Online fee-paying secondary school operator Wey Education announced its unaudited interim results for the six months to 28 February on Tuesday, with turnover increasing 73% to £1. 21m.
Gem Diamonds appoints Harry Kenyon-Slaney as chairman
London-listed miner Gem Diamonds has appointed Harry Kenyon-Slaney as chairman and a non-executive director, succeeding Roger Davis who will step down at the next shareholder meeting on 6 June.
LGO Energy hails higher oil flow from second Trinidad well
Production has begun at LGO Energy's second well in the Goudron Field in Trinidad at a rate that suggests the company will be able to substantially increase production over the coming year.