Small Caps
GYG announces intention to float on AIM
Ahead of its initial public offering, GYG, a superyacht painting supply and maintenance company with revenues of €54. 6m in fiscal year 2016, announced it had priced its shares at 100. 0p.
Pro Global completes sale of outsourcing unit
Pro Global Insurance updated the market on the proposed sale of its outsourcing and consulting businesses on Tuesday, confirming the sale was now unconditional.
Bluejay finalises field programme for Disko
Greenland and Finland-focussed Bluejay Mining announced on Tuesday that it had finalised a field programme designed to refine the Disko Nuussuaq geological model.
Kin Group lands wellness deal with NHS trust
Digital wellness provider for corporate organisations Kin Group announced on Tuesday that as of June it has contracted with an unnamed NHS trust hospital to provide a services programme for doctors, nurses and staff.
Gemfields recommends Fosun offer over 'derisory' Pallinghurst bid
Faberge owner Gemfields said on Tuesday that it is recommending its shareholders accept a takeover offer by China's Fosun, despite branding the bid "not fair and reasonable" as the other offer from Pallinghurt is "derisory".
Shanta Gold reaches agreement to acquire Helio Resource Corp.
Shanta Gold and Helio Resource Corporation announced on Tuesday that they had entered into a definitive arm's-length arrangement agreement dated as of 19 June Vancouver time, under which - subject to Helio shareholder approval and British Columbia Supreme Court approval - Shanta will acquire all of the issued and outstanding common shares of the TSX-listed Helio by way of a statutory plan of arrangement.
Tlou produces first coalbed methane power in Botswana
Botswana-focussed coalbed methane (CBM) power generation developer Tlou Energy announced on Tuesday that it generated its first power from CBM at its field in Botswana following the installation of a gas generator at the Selemo project area.
Amur makes solid progress at Kun-Manie deposits
Russia-focussed nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced its progress through 14 June on its 2017 drill programme at the Ikenskoe / Sobolevsky (IKEN ) and Kubuk (KUB) deposits of Kun-Manie on Tuesday.
NWF Group finishes year in line with expectations
Specialist agricultural and distribution business NWF Group issued a trading update for the financial year to 31 May 2017 on Tuesday, confirming that trading for the year was ahead of the prior year and in line with market expectations.
Horizonte awards three more contracts for Araguaia study
Brazil-focussed nickel development company Horizonte Minerals announced on Tuesday that, further to its previous announcement on 6 March, it awarded further contracts for key parts of the feasibility study for its 100%-owned Araguaia nickel project.
Ariana raises £1.9m through placing and subscription
Turkey-focussed gold exploration and development company Ariana Resources announced on Tuesday that it had raised an aggregate amount of approximately £1. 87m by way of a placing of 133,846,154 new ordinary shares, and the subscription of 10,030,770 new ordinary shares at a price of 1. 30p per placing and subscription share.
7digital shells out £2.2m for competitor 24-7
Digital music and radio services platform 7digital announced the acquisition of its “significant European competitor” 24-7 Entertainment for £2. 2m on Tuesday, from MediaMarktSaturn, through the issue of 23,144,616 new ordinary shares and £0. 9m of cash in respect of funds held on the 24-7 balance sheet.
Interserve awarded contract extension with DIO worth up to £265m
Interserve clinched a contract extension to provide support services at four key UK military installations overseas.