Proactive news snapshot: i3 Energy, Sunrise Resources, Quadrise Fuels…


The Borgland Dolphin drilling rig is soon to make its way to i3 Energy PLC’s (LON:I3E) Liberator field in the North Sea ahead of a scheduled 94-day drill programme.

Sunrise Resources PLC (LON:SRS) has successfully completed proof of concept trials for a horticultural grade of perlite from its CS deposit in Nevada.

Quadrise Fuels International PLC (LON:QFI) has signed a cooperation deal with oil & gas consultancy Merlin Energy Resources Limited to promote upstream heavy oil projects.

RM Secured Direct Lending (LON:RMDL) beat its first-half dividend target as the investment fund’s portfolio of secured and tailored loans grew 20% and the average investment size increased 17%.

Sound Energy PLC said non-executive director David Clarkson has now left the board. His departure was first flagged in May.

Chaarat Gold Holdings Limited (LON:CGH) says it is advanced discussions to extend the repayment date of a US$10mln loan into 2020. The Kyrgyzstan-focused miner also wants to increase the size of the loan, which matured on 13 August.

Touchstone Exploration Inc (LON:TXP, TSE:TXP), in its second quarter results, highlighted average crude sales of 1,768 barrels of oil per day, marking 3% growth on the comparative three months of 2018.

Esports solutions provider Gfinity PLC (LON:GFIN) is to exit its Australian joint venture at the end of November as it looks to double down on its investment in the more attractive US market.

ReNeuron Group PLC (LON:RENE) is teaming up with the University of Cardiff to find a method of delivering cancer treatments across the blood-brain barrier.

Benchmark Holdings PLC (LON:BMK) has appointed the corporate development director of veterinary pharmaceuticals firm Dechra Pharmaceutical PLC (LON:DPH) as its chief financial officer.

TomCo Energy plc (LON:TOM) told investors it has raised GBP450,000 of new capital as its field programme in Utah continues according to plan.

The chief executive of Nektan PLC (LON:NKTN), Lucy Buckley, has resigned with immediate effect.

European Metals Holdings Limited (LON:EMH) has raised gross proceeds of GBP750,000 via a share placing to UK investors to support the development of its development of the Cinovec project in the Czech Republic and to progress discussions with CEZ Group and potential off take partners.

Equals Group Plc (LON:EQLS) has confirmed press speculation that it is in the advantage stages of carrying out a GBP14mln equity raise. It is also looking to raise an additional GBP2mln through an open offer to existing shareholders.

W Resources PLC (LON:WRES) chairman Michael Masterman has increased his stake in the tungsten miner to 18.5%. Symmall Pty, of which he is both a beneficiary and trustee, bought 10mln shares at 0.415p on Tuesday.

Leave a Reply

Your email address will not be published. Required fields are marked *