4th Apr 2025 19:24
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Hemogenyx Pharmaceuticals PLC - London-based biotechnology company - Submits annual report to the US Food & Drug Administration under the active investigational new drug application for HG-CT-1, its proprietary CAR-T cell therapy for the treatment of relapsed or refractory acute myeloid leukemia. Explains the filing marks another important step in the company's clinical development of HG-CT-1 and reaffirms its commitment to regulatory compliance and transparent communication with stakeholders.
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80 Mile PLC - Greenland and Finland-focused company with a portfolio of critical metal and industrial gas projects - executes a share purchase agreement for the sale of its wholly owned subsidiary, FinnAust Mining Finland Oy to Metals One PLC. This includes the Hammaslahti copper-zinc project and the Outokumpu copper project in Finland, both of which are associated with historic copper mines. Upon completion, Metals One will acquire 100% of the licences. 80 Mile retains 100% of the rights to any industrial gases (including helium and hydrogen) associated with the projects, which remain excluded from the transaction. "This divestment marks a key milestone for 80 Mile as we sharpen our focus on emerging energy commodities, particularly industrial gases," company says.
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tinyBuild Inc - Seattle, Washington-based video game developer and publisher - Sells Red Cerberus to a North American consultative software and hardware company focusing on testing for USD1.5 million cash. The disposal is marginally accretive in 2025 and proceeds will be used for general working capital purposes. Red Cerberus was founded in 2017 and was acquired by tinyBuild in November 2021 together with Versus Evil. "The sale of Red Cerberus marks an important milestone in streamlining our portfolio and focusing on what we do best: creating and growing great IP. Red Cerberus has been a valuable partner in our journey," company says. "Reallocating resources to our core creative pipeline will help us maximise long-term revenue potential with the release of new game IP," it adds.
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HgCapital Trust PLC - London-based trust provides access to the private equity investments of manager Hg - Hg, the manager of HgCapital Trust, announces the exit of smartTrade, a global provider of multi-asset electronic trading and payments platforms to TA Associates. The terms of the transaction are not disclosed. The transaction remains subject to customary regulatory approvals. Expects the transaction to return around GBP30.3 million for HgT's investment in smartTrade which represented 1.3% of the pro-forma February 28 estimated net asset value.
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EPE Special Opportunities Ltd - Bermuda-based investment company - Plans to buy back up to 2% of share capital in line with the company's policy to pursue share buy backs. Will be funded by the company's cash reserves. Buy backs will be effected by its broker, Numis Securities Ltd.
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Marula Mining PLC - London-based mining company with projects in South Africa, Kenya and Tanzania - confirms that sales receipts from the first copper concentrate sales from the Kinusi copper mine in Tanzania's Dodoma region, have been received. Notes full sales receipts have been received for the first two trucks of material of around 50 tonnes which form part of a 250 tonne trial shipment. The realised price for the copper concentrate sales is in line with the budgeted level. Further deliveries to complete the first shipment and corresponding sales receipts are ongoing.
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Golden Rock Global PLC - Hong Kong-based special purpose acquisition company - Announces that it has secured a refinancing proposal that will enable the company to complete its outstanding audits and prepare to have its suspension from the London Stock Market lifted. The refinancing consists predominately of a loan of GBP300,000 provided by NE10 Vodka Ltd, a UK company operating in the premium spirits industry. Says Paul Carroll who is joining the board is also a director of NE10. Director John Croft says the refinancing will position the company to pursue potential reverse takeover targets after its suspension is lifted.
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Artemis Resources Ltd - gold, copper and lithium focused mining company with projects in Western Australia - along with GreenTech Metals, executes a binding agreement to consolidate the lithium mineral rights of their respective tenement holdings near Karratha in the West Pilbara. The lithium mineral rights will be combined into a lithium exploration joint venture company called Andover Lithium Pty Ltd with GreenTech and Artemis each owning 50% each. Andover Lithium will create the largest lithium exploration tenement package in the West Pilbara. Consolidation of the lithium interests provides an opportunity to attract a major funding partner into Andover Lithium and will allow the two companies to focus on their core exploration and resource expansion activities in the Karratha region, respectively for gold and copper/zinc, Artemis says. Both companies believe the deal is "compelling." The consolidation into a 50:50 joint venture is not anticipated to require substantial management resources or material costs from either company.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
80 MileMetals OneHemogenyxTinybuild IncHgCapital Trust plcEpe Special OppGolden RockArtemis Res