18th Jul 2025 18:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Severfield PLC - York, England-based structural steel contractor - Enters a share purchase option deal with JSW Steel Ltd, India's leading steel manufacturer and Severfield's partner in the 50-50 Indian joint venture JSW Severfield Structures Ltd, which is engaged in design, fabrication and erection of structural steelwork and ancillaries, including decking for construction projects. The agreement grants Severfield the right to dispose of an up to 24.9% stake in JSSL to JSW for up to GBP20 million. This option is exercisable at any time until March 31, 2026. Severfield says it has no current intention to dispose of its stake, and says JSSL remains "a strategically important venture for the group". "The board continues to believe in its long-term value creation potential within the Indian market and remains committed to its successful partnership with JSW," it adds.
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Gowin New Energy Group Ltd - Cayman Islands-based business involved in LED-related products, tea trading and agarwood trading - Enters a loan agreement with Chief Executive Officer Chen Chih-Lung under which the CEO has made available a GBP25,000 loan to the company. The interest rate is 2% per year, repayable within twelve months and extendable by mutual consent. The loan is to provide "short-term liquidity to allow the company to satisfy its payment obligations", Gowin says.
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AIQ Ltd - company focused on acquiring and developing e-commerce sector businesses - Agrees a GBP90,000 interest-free, unsecured loan from Executive Director Li Chun Chung, which is repayable "upon demand". The funds will be used by the company for working capital purposes.
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Panthera Resources PLC - London-based gold explorer and mine developer in West Africa and India - Begins a drilling programme at the Bido project in Burkina Faso, comprising 1,740 metres of reverse circulation at the Kwademen prospect. Aims to test for continuity of the mineralisation hit by previous drilling. "The Bido project is an exciting gold prospect for the company that is maturing as the gold price pushes well above USD3000 per ounce," says Managing Partner Mark Bolton. "The company has been actively exploring the licence for several years culminating in a focused drilling campaign. The drilling programme will test the continuity of historical drilling from the 1980's period as well as exploration targets developed by the company's experienced in-country and international geological team who have completed systematic geological mapping, data compilation, geochemical and geophysical surveys that have led to the recommendations to drill these priority targets. As previously reported, the company continues to advance the potential restructuring of its interest in its West African gold assets with this modest drilling programme preserving the good standing of the licence."
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Gunsynd PLC - investor in companies and projects in the natural resource sector - Raises GBP450,000 through a placing of 333.3 million shares at 0.12 pence per share. This comprises gross proceeds of GBP400,000 through its broker, Peterhouse Capital Ltd, and a subscription for 41.7 million shares at the same issue price, raising GBP50,000. Participants in the fundraise will also receive one warrant for every two new shares, exercisable at 0.2p and expiring one year after admission. In total, 187.5 million warrants will be issued. Proceeds will be used for general working capital, to progress the company's activities and to make investments in line with its state investing policy. Directors Donald Strang and Hamish Harris subscribe for 25 million shares at 0.12p and 8.3 million shares at 0.12p respectively.
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Metals One PLC - mineral developer with projects in Norway and Finland - Completes the acquisition of a 10% interest in NovaCore Exploration Inc, which is advancing the Red Basin uranium project in New Mexico. Buys the stake with a share subscription worth USD300,000, and says it has also been granted warrants to increase its ownership to 30%. The strategic investment further supports its US uranium expansion strategy by adding a third exploration-stage asset to its portfolio. NovaCore has completed land staking, radiometric and geophysical surveys, and is progressing permitting and environmental studies to support drilling by the end of 2025.
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Centaur Media PLC - London-based business consultancy group - Completes the sale of The Mini Training Co Ltd to digital advertising and technology service provider Brave Bison Group PLC for an enterprise value of GBP19 million. The Mini holds the trade and assets of MiniMBA, a marketing skills and training platform. Centaur intends to use the proceeds to return capital to shareholders, and says it will consult with shareholders before deciding how the proceeds will be returned. Further details will be announced "in due course".
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By Emily Parsons, Alliance News reporter
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SeverfieldGWIN.LAiq LimitedPanthera Res.GunsyndMetals OneCentaurBrave Bison