Proactive news headlines: Technology Minerals, AFC Energy, Litigation Capital Management, Ariana Res
Technology Minerals has made a key appointment ahead of its imminent float following the recruitment of former Grant Thornton senior partner Nigel Ruddock as chief financial officer
Litigation Capital Management Limited (LON:LIT) said it agreed a litigation finance deal with the liquidator of the electrical retailer Comet, who is pursuing a UK High Court case against its former owner, the French group Darty Holdings.
Mineral and Financial Investments Ltd (LON:MAFL) said it was encouraged by the latest drilling at the Lagoa Salgada zinc-lead-copper project in Portugal.
Savannah Resources PLC (LON:SAV) said it has joined the newly created Portuguese Association for the Battery Cluster as a founding member. The association has been created to maximize Portugal’s potential across the battery value chain and complement its strategically important lithium resources and its focus on becoming a European leader of lithium production.
Tiziana Life Sciences PLC (NASDAQTLSA, LON:TILS) said it has signed a deal with contract research group FHI Clinical to carry out a phase II, proof-of-concept study on its nasally-administered antibody treatment for Covid.
Condor Gold PLC (LON:CNR, TSE:COG) hired a GR Engineering subsidiary as its lead engineer to develop a feasibility study level of design for a new processing plant at the La India project in Nicaragua.
Capital Limited (LON:CAPD) notified that Brian Rudd, a founder and executive director of the company, sold 3mln shares at a price of 77p apiece, representing approximately 1.6% of the company’s issued share capital. The company will not receive any proceeds from the placing. Following the placing, the company said Rudd, with a 6.4% remaining stake, will “continue to be a substantial shareholder in the company and will remain fully aligned with its success”.