European Metals Holdings Limited (LON:EMH) (ASX:EMH) (FRA:E861.F) (OTCPINK:EMHLF) has announced that due to increasing interest in its Cinovec project, the largest hard rock lithium deposit in Europe, the company will pursue a US-based OTCQX listing and has commenced trading on the OTC Pink Market. The group said its entry to the US-based OTC markets – and in particular the actively-traded OTCQX market – increases the ease with which North American investors can purchase European Metals securities. The ASX will continue to be the company’s primary listing, it added, with investors able to purchase shares through the OTCQX, OTC Pink, UK-based AIM market and Germany’s Frankfurt Börse.
US Oil & Gas PLC (PRIVATE:USOP), the oil and gas exploration company with assets in Nevada, said it has raised gross proceeds of around $102,216 from a share placing with private investors. The company said it placed 245,669 new ordinary shares of .0001 Euro each at a placing price of 32p per share including a share premium of 0.3399 Euro on each placing share. US Oil & Gas said the proceeds of the placing will be used to provide the group with additional working capital, including the funding of drilling operations.
Pan African Resources plc (LON:PAF) shares rose on Friday after the company said it has entered conditional sale-of-shares agreements to acquire tailings retreatment projects in South Africa. The AIM-listed firm said it will acquire Mogale Gold Proprietary Limited and Mintails SA Soweto Cluster Proprietary Limited (MSC) for a maximum cash consideration of 50mln South African Rand (£2.42mln). Both firms are currently owned by Mintails Mining SA Proprietary Limited, which was placed into provisional liquidation in 2018.
Red Rock Resources PLC (LON:RRR) and Power Metal Resources PLC (LON:POW) have updated investors on their Australian gold joint venture Red Rock Australasia (RRAL). The two developers own 50.1% and 49.9% of the project respectively. The pair said they have applied for an additional 148 square kilometres of ground that forms a close-fitting inner ring around the Ballarat mine and which became available on Monday.
Remote Monitored Systems PLC (LON:RMS) said it has been notified that Paul Ryan, non-executive chairman of the company, has elected to convert his entire Convertible Loan Note (CLN) which was issued on July 24, 2020, into ordinary shares. The CLN was for a principal amount of £35,334, has a conversion price of 0.28p and a 6% payment in kind coupon. Accordingly, Ryan will be issued with 12,824,042 ordinary shares in the company in full settlement of the loan and associated interest. At the same time, it added, Ryan has exercised warrants associated with the CLN representing 12,618,928 ordinary shares in the company, at 0.28p per warrant and has also sold 12,821,995 ordinary shares in the company. Following these transactions, the group said, Ryan’s shareholding in the company will increase to 67,593,249 shares, representing 4.41% of the enlarged issued share capital and total voting rights of the company.
Landore Resources Limited (LON:LND) announced that it has received a notice to exercise warrants over a total of 533,223 ordinary shares at an exercise price of 2p each, for which funds of £106,644.60 have been received by the company. The exercised warrants were issued as part of the fundraising announced on June 29, 2020.
Ariana Resources PLC (LON:AAU), the AIM-listed exploration and development company operating in Europe, said it has been informed that on November 5, 2020, its chairman, Michael de Villiers disposed of 400,000 ordinary shares in the company at a price of 4.8652p per share, and, on the same date, Mrs de Villiers, his wife, purchased 403,858 ordinary shares in her SIPP at 4.98p per share. Accordingly, the holding of de Villiers now stands at 55,803,000 ordinary shares in the company, representing a holding of 5.22% of the group’s enlarged share capital.
Block Energy PLC (LON:BLOE), the exploration and production company focused on Georgia, has announced that an employee has exercised nil-cost options to acquire 310,939 ordinary shares of 0.25p each. The exercise will be satisfied using existing shares held in the Block Energy Employee Benefit Trust (EBT). Following the exercise of these options, the remaining number of shares held by the EBT will be 38,037,556, representing 8.68% of the current total issued share capital.
Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company, announced that under an exercise of warrants at a price of 0.16p per share in terms of the fundraising announced on June 19, 2020, the company is issuing a total of 62,500,000 fully paid ordinary shares of 0.002p each in the company.
Impax Environmental Markets PLC (LON:IEM) announced that details of its portfolio as at the month-end July 31, 2020, are now available on the company’s website at: https://impaxenvironmentalmarkets.co.uk/about/documents/
KR1 PLC (AQSE:KR1), a leading digital asset investment company, has announced that it’s annual general meeting (AGM) will be held at 10.00am on November 27, 2020, at 4th Floor, Queen Victoria House, 41-43 Victoria Street, Douglas, Isle of Man IM1 2LF. In the light of the coronavirus (COVID-19) quarantine requirements currently in place on the Isle of Man, shareholders are advised not to travel to the Isle of Man to attend the meeting. They are instead encouraged to appoint the chairman of the AGM as their proxy to exercise all or part of their rights to vote on their behalf at the meeting.
First Berlin Equity Research has published a research update on Diversified Gas & Oil PLC (LON:DGOC). In the note, analyst Simon Scholes confirmed his buy recommendation on the FTSE 250 stock and increased the price target to 160p from 150p.
Hardman & Co Research has issued a research note on Arix Bioscience (LON:ARIX). The firm noted that along with its 2020 interim results, management provided the market with some aspirational targets for the next three years, which would see the NAV double to circa £500mln. News that Merck & Co is to acquire portfolio company, VelosBio, for $2.75bn cash, giving Arix a more than 12x return on its investment, will help to smash these targets, Hardman added. The full report can be accessed via the following link: https://www.hardmanandco.com/research/corporate-research/hitting-the-jackpot/