16th May 2025 21:51
(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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T42 IOT Tracking Solutions PLC - provides real-time tracking and monitoring of shipping containers - reaches agreement in principle, with the respective lenders, to extend the repayment date of the company's GBP925,000 and USD1,300,000 secured convertible loan notes. The two CLNs are currently due to mature on May 20 and the repayment extensions are subject to finalisation of terms and agreements. The lenders have confirmed that they will not be seeking repayment while the extensions are being negotiated.
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Solvonis Therapeutics PLC - London-based biotechnology company which focuses on developing therapeutics for mental health and substance use disorders - raises GBP2.0 million through placing with existing and new institutional and other investors at the 0.13 pence per share. The shares issued amount to around 67% of company's share capital. Allenby Capital Ltd and Singer Capital Markets Securities Ltd acted as joint brokers and joint bookrunners in respect of the fundraise.
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Gunsynd PLC - investor in companies and projects in the natural resource sector - notes the recent announcement by its investee company Aberdeen Minerals Ltd, a private UK company exploring for nickel-copper-cobalt deposits in North East Scotland. Aberdeen Minerals has started its 'Phase 2B' mineral drilling works at the Arthrath Project in North East Scotland. The new drilling follows on from 2024's Phase 2A campaign, which produced some of the best mineralisation encountered over the history of the project. Gunsynd holds 2.0 million shares in Aberdeen which were acquired for GBP150,000.
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Woodbois Ltd - Africa-focused timber technology - provides an update on the subscription options granted to Kaiser Investments LLC and Alcazar Investment LLC. Confirms that cleared funds have been received by the participants. Therefore, Woodbois has raised GBP650,000 through the issue of shares at 0.05 pence each.
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DCI Advisors Ltd - British Virgin Islands-based investor in residential resorts in Greece and Cyprus - enters into two additional loan agreements for EUR125,000 with a DCI shareholder to provide additional working capital. As of Friday, DCI says it has 11 loans outstanding from different shareholders amounting to EUR2.8 million. The first loan, made before September 2023 had identical terms to others drawn at that time and was for a 12-month term bearing an interest rate of 12%. The ten loans made after September 2023 have identical terms with the previous loans, except that there is no right of prepayment by the company and they therefore last 12 months. The intention is to repay all outstanding loans from the proceeds of the sale of company assets. The new loan agreement for EUR100,000 has been entered into with Nick Paris who is a co-managing director and who controls 0.2% of the issued share capital.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
T42 Iot Track.Solvonis TherapGunsyndWoodbois