29th Jul 2022 11:37
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Tintra PLC, up 62% at 186.50 pence, 12-month range 33.00p-375.00p. The financial technology provider says it will start a funding round and its growth objectives are six months ahead of initial plans. Tintra plans to raise USD25 million for not greater than 10% of the company, to scale operations in order to move the company toward launching its "major operations" in the third quarter of 2023.
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ThinkSmart Ltd, up 30% at 30.88p, 12-month range 0.19p-32.99p. The digital payments platform agrees to a takeover by Tuscan Equity Pty Ltd - a company owned by Chair & Chief Executive Ned Montarello. Under the deal, Tuscan will buy all the shares of the company, including those held by Montarello, for a cash sum to be decided through a "scheme implementation deed".
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Ormonde Mining PLC, up 27% at 0.73p, 12-month range 0.50p-1.19p. The Irish natural resource company agrees to sell its stake in the La Zarza copper-gold project in Spain for EUR2.3 million in cash to La Zarza Mineria Metalica. The sale price is at a premium to the book value of EUR2.0 million, with Ormonde netting EUR800,000 on completion of the sale. The rest of the balance will be paid in three equal payments of EUR500,000 on the first, second and third anniversaries of completion.
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By Arvind Bhunjun; [email protected]
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