7th Oct 2025 21:58
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Orosur Mining Inc - South America-focused minerals explorer and developer - Announces an update on the progress of exploration activities at the Anza gold project in Colombia. Says drilling continues to progress well and remains on target. Drilling is currently focussing on locating and defining the margins to mineralisation and on better understanding the geological controls on the high grade that is evident in the central part of the Pepas orebody. Results from the five holes remain consistent with expectations and continue to develop the geological model that is required as part of the mineral resource process. Orosur says it is currently engaging with its geological consultants in advance of formally triggering the MRE process to ensure that work on the deposit is sufficiently advanced, and that all the necessary inputs are prepared ahead of the required site visit by the resource consultants, probably at the start of November. Chief Executive Brad George comments: "Pepas continues to move inexorably forward."
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United Oil & Gas PLC - mining company with an exploration asset in Jamaica - Raises GBP2.3 million via a placing and subscription at GBP0.0015 per share. The placing by Tennyson and Shard, acting as joint brokers, raises GBP2.2 million, while GBP100,000 is raised via a subscription. The fundraising was "significantly oversubscribed". Proceeds are expected to provide the company with cash resources through 2026 and will be used to advance the Piston Coring at the Walton Morant Licence, offshore Jamaica.
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Beacon Energy PLC - Douglas, Isle of Man-based oil and gas mining company - Enters agreement with Reabold Resources PLC in relation to a significant strategic investment in LNEnergy Ltd. Explains the material gas asset is the Colle Santo project, located onshore Italy in the Abruzzo region, a "material and substantially de-risked development ready gas field". To finance the Colle Santo project through final investment decision and towards first production, Beacon plans to raise GBP3.5 million via a placing to new and existing investors. This also provides Beacon Energy with working capital. Reabold agrees to support the placing by participating with an investment of GBP750,000. The deal is classified as a reverse takeover. "This strategic investment in LNEnergy and the Colle Santo project marks a pivotal moment for Beacon Energy, aligning with our stated growth strategy of seeking opportunities to build a self-funding business to underpin organic growth while delivering significant value for our shareholders. The Colle Santo project, with its material, de-risked 2P reserves and clear path to production, is a highly attractive, value-accretive and cash-generative asset that will provide a strong foundation for future expansion," company says.
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Insig AI PLC - London-based data science and machine learning firm - Raises GBP500,000 at 30 pence per share after receiving an "unsolicited offer of equity investment." Proceeds will be used for general working capital purposes including bolstering Insig's sales activities and the continuing evaluation of strategic options including the potential establishment of a fund dedicated to investments in digital assets and related enterprises. In addition, reports revenue for the six months to September 30 was around GBP421,000, up from GBP165,000 the year prior. Also announces that CMC has been appointed as the company's joint corporate broker.
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Glenveagh Properties PLC - Kildare, Ireland-based housebuilder - Glenveagh Properties confirms it intends to buy at least 10% of the shares being sold in the company by Teleios Capital Partners LLC. Teleios is selling an around 5% stake in Glenveagh through a placing. It currently owns just under 114 million shares in Glenveagh, a 21.5% interest. J&E Davy, Jefferies International Ltd and Jefferies GmbH have been appointed as joint global coordinators and joint bookrunners in connection with the placing.
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Gooch & Housego PLC - Ilminster, Somerset-based photonic components manufacturer - Reports trading momentum was sustained during the second half of the financial year ended September 30, despite continuing challenges from the global macroeconomic environment. Industrial revenues for fibre optic couplers and modules used in subsea data networks grew, offsetting the broadly flat sales from industrial laser customers. Life Sciences revenues in the second half of the financial year benefited from customer phasing of several medical diagnostic device programmes, while Aerospace & Defence saw further revenue growth underpinned by strong demand for precision optics and advanced sighting and imaging systems in military platforms. Overall, Gooch & Housego expects full year revenue and adjusted pretax profit broadly in line with expectations, before moderately higher non-underlying costs of recent acquisitions and restructuring activities. "With our growing order book, strengthening market positions and differentiated photonics expertise aligned to structural growth drivers from megatrends, we are increasingly confident in the prospects of the company to deliver our strategy in the medium term," company says.
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450 PLC - London-based acquisition vehicle eyeing the content, media and technology sectors - Signs non-binding heads of terms for the potential acquisition of Silvercloud Holdings Ltd. Silvercloud owns a majority interest in Le Chameau Holdings Ltd, the premium heritage footwear brand. The deal remains subject to shareholder approval, due diligence and entering into a final binding agreement. Under Rule 14 of the AIM rules for companies, the deal will constitute a reverse takeover.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Orosur MiningUnited Oil&gasBeacon Energy.Insig Ai PlcGlenveaghGooch & Housego450 Plc