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Lekoil slumps as its Nomad bails


Lekoil Limited (LON:LEK) plunged 44% to 1.25p after its nominated adviser (Nomad) tendered its resignation.

The oil and gas exploration and production company with a focus on Nigeria and West Africa is in negotiations with a new Nomad.

The Nomad’s resignation becomes effective at the end of this week. Under AIM’s rules, if a company has no Nomad then trading in its shares is suspended.

KEFI Gold and Copper plc (LON:KEFI) slid 5.0% to 1.7p after it placed shares to raise roughly £3mln.

The shares have been placed with new and existing shareholders at 1.6p a pop.

The fund raised will finance further resource drilling and exploration at the company’s Hawiah copper-gold project.

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Remote Monitored Systems PLC (LON:RMS) said its subsidiary, Pharm 2 Farm Limited (P2F) is anticipating excess demand for its antiviral face masks which may outstrip the production line capacity of 5mln masks per month. The AIM-listed firm said that to fulfil part of the expected excess demand, P2F will supply its patented filter material, initially, to certain partner mask manufacturers until it has procured its own additional production lines.

Sensyne Health PLC (LON:SENS) said its strategic research agreement with Somerset NHS Foundation Trust has helped it achieve a major objective set at its 2018 IPO of growing its ‘anonymised’ database to over 5mln patient records. The latest tie-up pulls in 1.1mln unique records from a population of 600,000. In total, the company now has information for 5.6mln patients.

Inspiration Healthcare Group PLC (LON:IHC) said it has received confirmation from the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) to proceed with clinical testing for Project WAVE, a respiratory device it has designed for use in neonatal intensive care.

Supermarket Income REIT PLC (LON:SUPR), the specialist grocery site investor, has acquired a new site in at Beaumont Leys, Leicester from British Land and occupied by Tesco Extra and discount chain Aldi.

DeepVerge plc (LON:DVRG) said it has started deployment of its Microtox PD near-source wastewater contamination test equipment into water treatment plants in Ireland, with first shipments to China and the US expected by the end of the year. DeepVerge also said that it has agreed to license a patented breathalyser from PulMoBioMed, a spin-out technology company of Northumbria University, to capture coronavirus particles in breath condensate for the DeepVerge optofluidic breath test, known as Microtox BT.

Symphony Environmental Technologies PLC (LON:SYM) has announced the launch of a new reusable plastic bag product designed to keep climacteric fruit and vegetables – those that continue to ripen after being picked – fresher for longer. The SYMFresh ‘press’n’seal’ fruit and vegetable bags have been made with Symphony’s d2p ethylene adsorber technology, a microporous structure which adsorbs and traps the ethylene inside the film, delaying ripening and regulating moisture, to slow down the drying out process.

Iconic Labs PLC (LON:ICON) said it has signed a management services agreement with Irish publishing brand Lovin’ Media following its acquisition by Greencastle Acquisition Limited. The media and technology firm said it will take over responsibility for all operational and strategic management of Lovin’s Media with immediate effect, and that it will be paid a monthly management fee of £10,000 plus external costs as well as 25% of all profits if certain revenue and profit targets are met.

Frontier IP Group (LON:FIPP) said one of its portfolio companies, Fieldwork Robotics, has received a £145,000 grant from the Sustainable Innovation Fund.

Oracle Power PLC (LON:ORCP) has acquired two highly prospective gold projects in Western Australia. The acquisition of the projects will be satisfied by a payment of £90,000 in cash and the issue of just under 43mln shares, with warrants at 1.1p attached. 

Sunrise Resources PLC (LON:SRES) has completed the processing of a 100 ton bulk sample of perlite taken from its CS Pozzolan-Perlite project in Nevada, USA. The company also updated on progress at other projects.

Panther Metals PLC (LON:PALM) is acquiring the Merolia gold project near Laverton, Western Australia, from White Cliff Minerals Ltd for cash and shares. Panther will pay A$112,500 in cash on the successful completion of a due diligence period, as well as 734,470 shares. 

Block Energy PLC (LON:BLOE) told investors that the early production facility (EPF) at the West Rustavi oil and gas field is now ready to receive gas. It is now connected to the WR-16aZ and WR-38Z wells which presently remain shut-in until a gas sales line has been constructed and gas sales can begin.

TomCo Energy PLC (LON:TOM) has raised £3.5mln which is earmarked to progress plans of Greenfield Energy, the company’s joint ventures with Valkor LLC.

Stobart Group Ltd (LON:STOB) said Aer Lingus has opted not to make Stobart Air the preferred supplier for a new commercial agreement due to start in 2023. Stobart Air will continue to operate the Aer Lingus franchise until the end of 2022. 

Zoetic International PLC (LON:ZOE) said its joint-CEOs, Trevor Taylor and Antonio Russo, each has purchases 500,000 ordinary shares. Taylor and Russo now each hold 6.95mln ordinary shares, equivalent to roughly 3.57% of the company apiece.

IronRidge Resources Limited (LON:IRR) has appointed Amanda Harsas as full time chief financial officer with immediate effect. Harsas, who will not sit on the board, has more than 20 years’ experience in strategic finance, business transformation, commercial finance, customer and supplier negotiations and capital management, working across several sectors=.

Jubilee Metals Group PLC (LON:JLP) said it will host a webcast this Wednesday, ahead of its annual general meeting on December 3. Shareholders will have an opportunity to engage with the board for a general company update and discussion of the group annual results on November 18 at 9am UK time (11am SA time). 

Brickability Group Plc (LON:BRCK) said its chief financial officer, Stuart Overend, will be taking a leave of absence due to ill health.

Mkango Resources Ltd (LON:MKA)(CVE:MKA) has highlighted the launch of a new website for Maginito Ltd (, together with a new Maginito company presentation. Maginito is 75.5% owned by Mkango, which is completing a feasibility study for the Songwe Hill rare earths project in Malawi, and 24.5% owned by Talaxis Ltd, which is focused on investment in and development of technology metal opportunities.

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