GSTechnologies Ltd (LON:GST) today released interim results showing a 1.11% increase in revenue whilst the company described a period with “increasing market complexity”. Revenue for the period amounted to US$2.59mln and operating income totalled US$2.59mln, up from US$2.32mln. Net cash from operating activities were positive, at US$20,000.
Iconic Labs PLC (LON:ICON) told investors it has been informed by chairman David Sefton that he wishes to resign from the board at the conclusion of today’s AGM. Sefton will continue to be involved with the company though not as a director. John Quinlan will now take the role of interim chairman.
BigDish PLC (LON:DISH) released its half-yearly results statement which confirmed that the food technology company has sufficient funding until the third quarter of 2020. The company had £1.29mln of cash in the bank at the end of September.
Kodal Minerals PLC (LON:KOD) has begun compiling documents as it prepares to lodge an application for a mining licence at the Bougouni Lithium project in Mali in mid-January. The mineral exploration firm said it has completed underlying engineering and appraisal work to support the application and that technical reports and documents were currently being translated into French for final review and approval before submission to the government of Mali.
Faron Pharmaceuticals Oy LON:FARN) told investors it has filed a request for arbitration with the Stockholm Chamber of Commerce to seek damages related to a dispute over a terminated manufacturing agreement with Rentschler Biopharma. In October, Faron revealed it had received a contract termination notice from German producer Rentschler Biopharma, which was providing active pharmaceutical ingredient manufacturing.
Mosman Oil And Gas Ltd (LON:MSMN) said its partially owned associate GEM International Resources Inc has raised new capital through an issue of 8mln new shares priced at 5 Canadian cents each and, at the same time, converted some C$270,500 via a debt-for-equity swap.
Mkango Resources Ltd (LON:MKA) shareholders approved the election of Derek Linfield, William Dawes, Alexander Lemon, Adrian Reynolds, Susan Muir, Sandra du Toit and Shaun Treacy as directors as well as its stock option plan and the re-appointment of auditor MNP LLP as its annual general meeting.
Cadogan Petroleum Plc (LON:CAD), an independent, diversified oil & gas company focused on Ukraine, announced that the Bitlyanska exploration license expired on the 23rd December. During the license validity term, the company said, it has fully fulfilled the work programme and obligations without any breach. The group added that the application for a 20-year exploration and production license was filed in due time and is progressing positively; all required intermediate approvals, including that of the regional Council of L’viv, had been secured in due time. It concluded that further announcements will follow in due course.
Diversified Gas & Oil PLC (LON:DGO), the US-based owner and operator of natural gas, natural gas liquids, oil wells and midstream assets, announced that, in accordance with the terms of its share buyback programme, announced on 30 April 2019, it has purchased 50,721 of the company’s ordinary shares in the market at a volume-weighted average price of 107.72p per share through Stifel Nicolaus Europe. It added that the shares acquired will, in due course, be cancelled.