The investment company, which specialises in the Internet of Things, said the investor seminar held on May 4 of this year, featuring presentations by Tern’s portfolio companies, Wyld Networks, InVMA and Talking Medicines, is now available on the company’s web site.
The web seminar includes a question and answers session, the company said.
9.55am: Iconic Labs likes it Ott
Through a deal with shareholder Ott Ventures, Iconic is set to take a controlling stake in unmanned drone specialist, Sting Industries, through a combination of convertible notes, warrants, cash and a finance facility.
Sting’s modular drones are used in a wide range of applications for the military and security sectors.
9.00am: Corcel to buy stake in “shovel ready” gas peaking project; ADVFN higher after upbeat trading statement
The natural resource exploration and development company with interests in battery metals and flexible grid solutions announced the acquisition of a 40% interest in the “shovel ready” Tring Road 50 megawatt gas peaking project outside of Aylesbury.
The interest is being acquired from Arlington Energy Limited. The two parties intend to explore and discuss the potential to co-develop and fund additional flexible energy assets in the United Kingdom.
Since the announcement of its interim results in February, overall trading conditions have continued to remain positive and management is expecting a profit before tax for the year ending June 2021 to exceed £1mln, compared to a loss before tax the year before of £349,000.
The company said it has achieved an operating profit every month since February 2020 and a net profit before tax in nine of the previous 12 months.
Proactive news headlines
Samarkand Global PLC (LON:SMK) said one of the leading delivery companies in China, SF Holding, has made a strategic investment of £3.15mln, through a placing of 2.7mln new Samarkand shares, as part of an effort to develop the firm’s international expansion and technology strategy.
Iconic Labs PLC (LON:ICON) is branching out into the drone business through a deal with shareholder Ott Ventures. Iconic is set to take a controlling stake in unmanned drone specialist, Sting Industries, through a combination of convertible notes, warrants, cash and a finance facility.
W Resources PLC (LON:WRES), owner of the La Parrilla tungsten and tin mine, said it received a long-awaited grant from the Junta de Extremadura government. The grant, initially awarded in March 2018 for the sum of €5.3mln (£4.6mln) has, subject to one amendment, been paid and total proceeds of €5.2mln have been received as settlement in full.
Oriole Resources PLC (LON:ORR) has commenced a regional mapping and stream sediment sampling programme at the Central Licence project in Cameroon. This licence covers a continuous land package of 3,592 square kilometres. To date, a total of 180 samples have been collected of a planned 1,360 sample programme. Results are expected in the second half of 2021.
Red Rock Resources PLC (LON:RRR) is exchanging its shares in Elephant Oil Ltd for shares in Elephant Oil Corp. Elephant Oil Corp is a newly incorporated entity based in the USA which has stated that it intends to raise pre-IPO capital of approximately US$2mln, followed by a larger offering and admission to trading on NASDAQ in September of this year.
European Metals Holdings Ltd (LON:EMH)(ASX:EMH) has adopted a set of environmental, social and governance protocols, following the recommendations of the World Economic Forum in Switzerland. The company will establish an ESG committee at board level, to be chaired by Ambassador Lincoln Bloomfield, who has considerable experience in this area.
Eden Research PLC (LON:EDEN) said its commercial collaborator, Eastman Chemical Company, has received authorisation from Italian regulators to sell its Cedroz pesticide in the country. Cedroz is derived from plant terpenes and designed to control root knot nematodes, pests that cause severe damage to crops in fields and greenhouses.
Panther Metals PLC (LON:PALM) said it achieved the first stage in the process of pursuing a listing of its Australian assets on the Australian Securities Exchange with the completion of a pre-IPO seed financing raising AU$300,000 (£167,000).
Helium One Global Ltd (LON:HE1) announced that it has received notices to exercise warrants over a total of 3,891,115 ordinary shares, for which funds of £308,278.27 have been received by the company.
Jersey Oil & Gas (LON:JOG) was notified on 7 May 2021 that non-executive chairman Marcus Stanton sold 6,060 ordinary shares and simultaneously acquired the same number in an ISA account at the same price, with his total shareholding of 106,060 shares remaining unchanged.
Jersey was also notified that on the same day, Leslie Thomas, a non-executive director, bought 25,000 ordinary shares at a price of 159.25p per share, representing approximately 0.08% of the total issued share capital.
Over the next 24 months, investors expect there to be an increased focus on how metals are sourced and mined in a responsible and sustainable way, according to a new survey from Global Palladium Fund, where NTree International Ltd is leading the distribution and rollout of a range of metal exchange-traded commodities.
Just over 60% of small and medium-sized businesses (SMEs) are positive in their outlook for the next two years, according to a survey from MBH Corporation.