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By admin , in England , at November 18, 2019


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Whats cooking in the IPO kitchen?

The Pebble Group, a provider of products, services and technology to the global promotional products industry, announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange, which is expected to take place in early December 2019.The Group delivered revenue of £99.8 million in the year ended 31 December 2018.No mention of bottom line and a suggestion that funds raised would provide an exit to private equity shareholders and the repayment of debt. Offer TBA.

Longboat Energy raising £10m. Expected admission November 2019. The company has been established by the former management team of Faroe Petroleum to create a new full-cycle North Sea oil and gas company .The strategy to achieve this will initially be through the acquisition of assets where the management team can add value through subsurface and operational improvements, follow-up deal opportunities and near-field exploration; and by value creation through the drill bit.

Banquet Buffet

Touchstone Exploration (LON:TXP) 12.875p £20.69m

Production test results for the Coho-1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. During the final flowback period, a peak rate of 19.8 million cubic feet per day ("MMCFD") (3,300 barrels of oil equivalent ("BOEPD")) of dry, sweet natural gas was observed with a wellhead pressure of 2,632 psi on a 32/64" choke.

"These positive well test results represent a new era for Touchstone as we expect to add significant natural gas volumes to our production base. The results outline the opportunities that still exist for onshore Trinidad exploration and position Touchstone to become a top three onshore petroleum producer. It must also be noted that the Coho-1 well is in the smallest prospect of the Ortoire exploration program.”

Shanta Gold (LON:SHG) 8.7p £68.5m

Reserve and resource update as at 30 September 2019 at the New Luika Gold Mine ("NLGM") in South Western Tanzania, drilling programme for the 6-month period from 1 April 2019 to 30 September 2019, which totalled c.8.5 km and consisted of 81 holes all located within 4 km of the plant, at a cost of c.US$1m;

This drilling has added new probable gold reserves totalling 135,438 ounces grading 4.07g/t Au at Bauhinia Creek Deep West, Elizabeth Hill North, Bauhinia Creek North and Black Tree Hill. New Inferred resources of 94,007 ounces grading 2.75 g/t up 26% from 74,427 ounces grading 1.71 g/t have been estimated at the Newly Drilled Targets, with further drilling planned to prove this up. Since 30 September 2019, drilling has been ongoing on the Mining Licences and across other regional targets in the Lupa Goldfield; Approximately 4,000 meters of exploration drilling is planned for Q4 2019

Centralnic (LON:CNIC) 48.5p £88.2m

Formerly announced acquisition of Team Internet AG, Germany now expected to complete in the week commencing 23 December 2019. US$48m total consideration payable, US$45m is cash, to be funded by an underwritten bond issue. Expected to be immediately earnings enhancing and significantly accretive in the financial year ending 31 December 2020 before any synergies.

Q3 trading update – Unaudited revenues of US$77.1m and adjusted EBITDA of US$13.1m for the period from 1 January to 30 September 2019. The Group, prior to any contribution from the acquisition, continues to trade in line with the high end of analyst expectations

Ariana Resources (LON:AAU) 1.975p £20.9m

Recent resource drilling results obtained from the Kiziltepe Mine .

Infill resource drilling results from the Arzu North Vein include 7m @ 3.34 g/t Au + 54 g/t Ag, 9m @ 2.44 g/t Au + 41 g/t Ag, and 8m @ 2.88 g/t Au + 156 g/t Ag.

·Significant mineralisation confirmed at far NW end of Arzu North, which sits outside of the current resource with the potential to extend further by several hundred metres.

Mining activities at Arzu North and Derya are fully underway, and grade control results obtained to date from Arzu North include: 2m @ 17.90 g/t Au + 147 g/t Ag, 3m @ 7.74g/t Au + 60 g/t Ag and 8m @ 2.05 g/t Au + 20 g/t Ag.

Inspirit Energy Holdings (LON:INSP) 0.15p £2.13m

The developer of micro combined heat and power boilers, is pleased to announce that it has raised £300,000 at 0.12p vs a closing price of 0.22p.

Further to the announcement of 13 November 2019, where the Company announced that its Inspirit Charger had successfully created a smaller prototype of the Stirling engine casting using modern 3D printing methods with its partners in Poland, the funds raised will a) allow the Company to finalise the development of the new enhanced 6.4kW boiler and seek the associated accreditation with a view to producing a unit for batch trail production and b) provide general working capital.

Tristel (LON:TSTL) 320p £143m

“The manufacturer of infection prevention products, announces that MobileODT ("MODT"), a company in which it holds a 2.13% strategic equity stake, has successfully completed its first closing of a US$9.75 million second-round institutional fund raising. The funding has been led by OrbiMed Israel Partners and will provide MODT with further growth capital. Whilst Tristel has not participated in this latest funding round the Company has invested US$911,000 in MODT since June 2017. “

Open Orphan (LON:ORPH) 6.35p £16Read More – Source


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