Top 5 Most Read RNS's on Vox Markets for Friday 5th May 2023
Episode 1396, May 05, 2023, 07:02 AM
Top 5 Most Read RNS's on Vox Markets for Friday 5th May 2023
1. Supply @ME Capital #SYME - Execution of first IM from traditional funding
SYME announce the execution of the first IM transaction using traditional funding sources.
Due to the seasonal nature of demand for the Client Company's inventory and fluctuating levels of inventory which it holds, the total value of the warehoused goods to be monetised is forecasted as follows:
- €650k as an initial tranche;
- €550k as a planned tranche, with a best endeavours commitment from both StockCo and Client Company to complete such planned tranche before 31 December 2023
2. Clontarf Energy #CLON - Update on Joint Venture Agreement and TVR
Clontarf Energy plc announce all conditions precedent have now been satisfied with respect to the JV with NEXT-ChemX coming into force.
In this regard, Clontarf has paid NEXT-ChemX Corporation US$500,000 and will now proceed with the issue to NEXT-ChemX of 385 million new Ordinary Shares in the capital of Clontarf, of which half will be subject to a 12-month lock in requirement.
NEXT-ChemX has also provided Clontarf with US$500,000 proof of funds.
3. Bens Creek Group #BEN - Highwall miner update
Bens Creek confirm that a second highwall miner has arrived, been assembled and has commenced operating.
The machine was assembled and tested by Thursday, 4 May 2023 and will be fully operational today.
4. Alien Metals #UFO - Renegotiation of Mallina Acquisition
Highlights
· The Company will acquire Mallina Exploration.
· The key terms of the agreement remain largely unchanged from that of the original agreement; however, the Company has negotiated the removal of the condition precedent relating to exploration drilling to earn the tenement interest.
· Removal of this condition precedent allows the Company to focus on sterilisation drilling across the Miscellaneous Licence (E 47/3752) to enable access road construction.
5. EQTEC #EQT - Final Results
Revenue and other operating income: €8.0 million (2021: €9.2 million)
EBITDA loss before significant and non-recurring items: €4.9 million (2021: €3.8 million)
Capital raise of £3.7 million (€4.2 million) through the placing of new shares
Two loan facilities secured: one for up to £10 million (€11.3 million) and the other for £2 million (€2.3 million)
1. Supply @ME Capital #SYME - Execution of first IM from traditional funding
SYME announce the execution of the first IM transaction using traditional funding sources.
Due to the seasonal nature of demand for the Client Company's inventory and fluctuating levels of inventory which it holds, the total value of the warehoused goods to be monetised is forecasted as follows:
- €650k as an initial tranche;
- €550k as a planned tranche, with a best endeavours commitment from both StockCo and Client Company to complete such planned tranche before 31 December 2023
2. Clontarf Energy #CLON - Update on Joint Venture Agreement and TVR
Clontarf Energy plc announce all conditions precedent have now been satisfied with respect to the JV with NEXT-ChemX coming into force.
In this regard, Clontarf has paid NEXT-ChemX Corporation US$500,000 and will now proceed with the issue to NEXT-ChemX of 385 million new Ordinary Shares in the capital of Clontarf, of which half will be subject to a 12-month lock in requirement.
NEXT-ChemX has also provided Clontarf with US$500,000 proof of funds.
3. Bens Creek Group #BEN - Highwall miner update
Bens Creek confirm that a second highwall miner has arrived, been assembled and has commenced operating.
The machine was assembled and tested by Thursday, 4 May 2023 and will be fully operational today.
4. Alien Metals #UFO - Renegotiation of Mallina Acquisition
Highlights
· The Company will acquire Mallina Exploration.
· The key terms of the agreement remain largely unchanged from that of the original agreement; however, the Company has negotiated the removal of the condition precedent relating to exploration drilling to earn the tenement interest.
· Removal of this condition precedent allows the Company to focus on sterilisation drilling across the Miscellaneous Licence (E 47/3752) to enable access road construction.
5. EQTEC #EQT - Final Results
Revenue and other operating income: €8.0 million (2021: €9.2 million)
EBITDA loss before significant and non-recurring items: €4.9 million (2021: €3.8 million)
Capital raise of £3.7 million (€4.2 million) through the placing of new shares
Two loan facilities secured: one for up to £10 million (€11.3 million) and the other for £2 million (€2.3 million)