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Tiziana Life Sciences #TILS – Appoints Optiva Securities Limited as Broker
Tiziana Life Sciences plc (AIM:TILS) is pleased to announce the appointment of Optiva Securities Limited as its broker with immediate effect.
Enquiries:
Gabriele Cerrone, Chairman and founder +44 (0)20 7495 2379
Cairn Financial Advisers LLP (Nominated adviser)
Liam Murray / Jo Turner + 44 (0)20 7213 0883
Optiva Securities Limited
Robert Emmet + 44 (0)20 3981 4173
For further information, please visit the Company’s website at www.tizianalifesciences.com .
Andalas Energy & Power #ADL – Holdings in Company
Andalas Energy and Power Plc
Holding(s) in Company
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Andalas Energy & Power plc | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify)iii: | ||||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | Optiva Securities Limited | |||||
| City and country of registered office (if applicable) | London, UK | |||||
| 4. Full name of shareholder(s) (if different from 3.)v | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reachedvi: | 19/03/19 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 29/03/19 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||
| Resulting situation on the date on which threshold was crossed or reached | 9.82% | 9.82% | 603,970,301 | |||
| Position of previous notification (if applicable) |
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| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of shares ISIN code (if possible) |
Number of voting rightsix | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
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| IM00B1FPZP63 | 59,292,583 | 9.82% | |||||||
| SUBTOTAL 8. A | 59,292,583 | 9.82% | |||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration datex |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | |||||
| SUBTOTAL 8. B 1 | |||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration datex |
Exercise/ Conversion Period xi |
Physical or cash settlementxii |
Number of voting rights | % of voting rights | ||||
| SUBTOTAL 8.B.2 | |||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) |
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| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | ||||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) |
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| Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional informationxvi | ||||
| Place of completion | London, UK |
| Date of completion | 29/03/19 |
ECR Minerals #ECR – Issue of Shares for Communications Services and Advisor Change
ECR Minerals plc #ECR the precious metals exploration and development company is pleased to announce that 3,878,400 New Ordinary Shares have been issued by the Company at a deemed share price of 1.0p per share in lieu of marketing and communications services valued at £38,784.
The shares are to be issued to several separate service providers covering investor and public relations services.
In addition the Company announces that it has terminated its broking arrangement with Optiva Securities and now has SI Capital Limited as sole broker.
Craig Brown Chief Executive Officer of ECR Minerals plc commented: “I am pleased to see the confidence in the company shown by marketing and communications advisors taking fees in shares at a premium to the current share price.
ECR Minerals is now seeing extremely positive results from the Australian gold exploration programme in Victoria region and it is important that we increase market awareness of our work and our notable recent successes at Blue Moon and importantly, Creswick.
With this in mind we have been working with advisors to develop a broad communications strategy and secure the right mix of media partners to help broadcast our message. Our marketing & media partners are largely incentivised through share based fee payments in respect of recently delivered and planned services and we plan to see a significant increase in the breadth and depth of company communications at this important time in the advancement and development of the Company.
Separately I would like to thank Optiva Securities for their work over recent years and look forward to working with SI Capital going forward.”
ADMISSION OF SHARES AND TOTAL VOTING RIGHTS
Admission of the New Ordinary Shares is expected to occur on or around 15 October 2018. Following Admission of the Financing Shares, ECR’s issued ordinary share capital will comprise 345,840,783 ordinary shares of 0.001 pence. This number will represent the total voting rights in the Company, and, following admission of both the placing and subscription shares, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules. The new shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0)20 7929 1010 | |
| David Tang, Non-Executive Chairman | ||
| Craig Brown, Director & CEO | ||
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Email:
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| Website: www.ecrminerals.com | ||
| WH Ireland Ltd | Tel: +44 (0)161 832 2174 | |
| Nominated Adviser | ||
| Katy Mitchell/James Sinclair-Ford | ||
| SI Capital Ltd | Tel: +44 (0)1483 413500 | |
| Broker | ||
| Nick Emerson |
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181005005152/en/
Andalas Energy & Power #ADL – Change of Nomad and update
Andalas Energy and Power Plc, the AIM traded upstream oil and gas energy company (AIM: ADL), is pleased to announce the appointment of Beaumont Cornish Limited as the Company’s Nominated Adviser with immediate effect. Optiva Securities Limited and Novum Securities Limited remain the Company’s Joint Brokers.
In addition, the Company provides the following update:
- The Company expects to announce and publish its audited accounts for the year ended 30 April 2018 in June 2018;
- The Company announces that as part of ongoing actions to strengthen the Company’s balance sheet each of Simon Gorringe, Daniel Jorgensen and Ross Warner, current Directors of the Company, have each agreed to waive US$100,000 of unpaid contractual salaries for a total of US$300,000.These amounts have been written off for nil consideration. The Company is working to further reduce its current indebtedness and anticipates providing an update in conjunction with publication of the Accounts;
- Upon the termination of David Whitby’s appointment as Director of the Company he was contractually entitled to US$278,017, which was settled post year end for US$52,500 in full and final settlement. He has no ongoing role within the Company.
- As announced on 30 April 2018, the Company reduced its cash burn in the second half by 25% relative to the first half (H1 2018: US$1,015,000) and its unaudited cash balance at 30 April 2018 was US$38,000, which was supplemented by the proceeds from the £600,000 (gross) capital raise announced on 30 April 2018 as previously announced;
- The Company, following the Placing, has 9,662,162,387 ordinary shares of nil par value in issue. Following a review of the Company’s capital structure the Board have resolved to undertake a share consolidation thereby bringing the number of shares in issue more in line with a company of Andalas’ size. Such share consolidation will be conditional on Shareholder approval and therefore a resolution seeking Shareholder approval for the share consolidation is expected to be contained in the notice of AGM.
Commenting on the announcement, Simon Gorringe, CEO said: “This announcement further demonstrates the Boards intention to put the past behind it and to move forward on our new strategy of building a balanced portfolio of assets to deliver value to our shareholders.”
For further information, please contact:”
| Simon Gorringe | Andalas Energy and Power Plc | Tel: +62 21 2965 5800 |
| Roland Cornish/ James Biddle | Beaumont Cornish Limited (Nominated Adviser) |
Tel: +44 20 7628 3396 |
| Colin Rowbury | Novum Securities Limited (Joint Broker) |
Tel: +44 207 399 9427 |
| Christian Dennis | Optiva Securities Limited (Joint Broker) |
Tel: +44 20 3411 1881 |
| Stefania Barbaglio | Cassiopeia Services Ltd | Stefania@cassiopeia-ltd.com |
Andalas Energy & Power #ADL announces a North Sea license acquisition and placing
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Highlights:
Simon Gorringe, CEO of Andalas Energy and Power PLC said: “This investment is the first step in delivering my broader strategy to combine nearer term catalysts for shareholders, with our existing Indonesian projects. Indonesia offers significant potential and we remain committed to our existing projects and strategy there. However to generate sustained value for shareholders we believe we must diversify into other projects or jurisdictions where suitable opportunities arise. Our team has over 25 years’ experience in the UK North Sea, working across 15 fields encompassing every stage of the development cycle, which makes the Eagle opportunity particularly complementary to the teams skill set. The investment gives us a material stake in an asset at an attractive entry point, with an existing work programme underway, providing significant upside potential. It also gives us access to other possible UK oil and gas projects that are being worked on by the team at Eagle. We believe our expertise will help Eagle progress Badger and assist in negotiations on other business development opportunities. Under our new low-cost operating model I have continued to stream line costs. In particular in my first six months as CEO, I have already reduced our 6 month cash spend by 25% and continue to make reductions. The benefit of these cost savings mean that the funds from this placing will provide us with sufficient working capital to deliver the results of Eagle’s work programme and make progress on our other initiatives. We look forward to providing further updates on this and other projects in due course.” About Eagle and the Badger prospect Seaward production Licence P2112 contains the Badger prospect, one of the largest undrilled gas prospects in the UK Southern North Sea. Eagle, through its wholly owned subsidiary, has a 66.67% interest in Licence P2112. The unaudited management accounts of Eagle for the period from 1 September 2017 to 28 February 2018 showed a pre-tax loss of £276,435. The 2018 work programme includes the reprocessing of 3D seismic. The programme fully meets the Licence commitment and Petroleum Geo-Services ASA (“PGS”) has been contracted to undertake the work. Eagle and Andalas will cooperate on funding the long-term development of the project. The consideration payable to Eagle is £125,000 in cash and 147,058,824 fully paid Andalas shares at the placing price for the 14.75% interest in Eagle. Andalas will issue a further 147,058,824 (£25,000) consideration shares to Eagle on the earlier of the Licence being extended beyond 31 December 2018 and Eagle acquiring additional assets agreed by Andalas. The investment in Eagle will initially be recorded in the books of Andalas at the fair value of the consideration. The acquisition is funded via the placing of 3,529,411,765 new ordinary shares of no par value, raising gross proceeds of £600,000, at a price of £0.00017 per share. The proceeds of the placing will also be applied for general working capital purposes. Application has been made for the Placing Shares and Initial Consideration Shares to be admitted to trading on AIM and dealings are expected to commence on or around 13 May 2018. In conjunction with the placing, a total of 264,705,882 three year warrants exercisable at the placing price have been issued. Appointment of Joint Brokers Upon completion of the placing, Novum Securities Limited and Optiva Securities Limited have been appointed as Joint brokers to the Company. Total voting rights Following Admission, the Company’s issued share capital will consist of 9,662,162,387 ordinary shares of nil par value, with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. This figure of 9,662,162,387 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules. For further information, please contact:
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