1st Jul 2024 11:11
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Westminster Group PLC, up 8.2% at 2.65 pence, 12-month range 1.03p-4.24p. The specialist security and services company agrees GBP1.5 million convertible loan note facility. Says facility is signed with Pantheon A Family Office Ltd. Chief Executive Peter Fowler says: "We have previously announced that the company had engaged with specialist corporate advisors to secure project-based debt capital to assist in the delivery of the company's opportunities and contract awards. I am delighted, therefore, to secure this funding from the investor concerned who has been extremely supportive of Westminster's business model and shares the board's belief in the Company's growth prospects."
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Helium One Global Ltd, up 8.6% at 0.79p, 12-month range 0.18p-10.30p. The producer of low-carbon helium updates on its progress at its Rukwa project area in Tanzania ahead of its extended well test at Itumbula West-1. It says that it is on track to deepen ITW-1 well and commence EWT in fault-fracture helium play in July. "This is a very exciting time for the company as the test will enable us to determine commercial flow rates, reservoir performance and helium concentrations over a longer period of time. The results of this EWT will enable us to better determine resource estimates and fully evaluate the potential of this new fault-fracture helium play we have at Itumbula," says Chief Executive Lorna Blaisse.
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AIM - LOSERS
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Karelian Diamond Resources PLC, down 34% at 1.62p, 12-month range 1.50p-5.50p. The diamond exploration company announces placing to raise total of GBP328,747 at 1.5p per share. Funds raised will be used to carry out a follow-up exploration programme for Nickel-Copper-Platinum Group Elements on Karelian's licences. Chair Richard Conroy comments: "This fundraising comes at an exciting time for the company. We have recently announced a very positive independent report on the potential of our Nickel Copper Platinum Group Elements Licences which we look forward to following up immediately. We are also at a very advanced stage in our diamond exploration and development in Finland."
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By Sophie Rose, Alliance News senior reporter
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