Small Cap Feast

Small Cap Feast – 06 September 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 878

Total number of AIM Companies trading: 797*
* As at 02 September 2019

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 166*

Total number of NEX Growth Market Companies trading: 144*
* As at 02 September 2019

Set Menu Standard List:

Total number of Standard List Companies (Incl Susp): 166*

Total number of Standard List Companies trading: 144*
* As at 02 September 2019

Dish of the Day:

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Off the Menu:

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Dish of the Day:

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What’s Cooking in the IPO Kitchen?

NEX

Bracken Trading — The Group undertakes its main trade of lending as well as electricity generation through the operation of two solar farms. Admission on the 09/09/2019

WORLD HIGH LIFE—The Investment Vehicle is to identify investment opportunities and acquisitions in legal Medicinal Cannabis, Hemp and CBD wellness sectors. The Company has raised £2,398,309 through three issues of Ordinary Shares to private subscribers.

Breakfast Buffet

Xeros Tech Grp (XSG) 6.75p £17.35m

Xeros Technology Group plc, the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications, has signed a binding Heads of Terms agreement with Ramsons Garment Finishing Equipment PVT .

Under the agreement, Ramsons will develop, manufacture and sell garment finishing equipment used in the manufacture of denim jeans which incorporates Xeros’ technology on an exclusive basis across South Asia and Africa.

Ramsons is the largest supplier of garment finishing equipment in South Asia. It has four production facilities and 15 service centres across six countries.

The scope of the agreement is to integrate Xeros’ XOrb™ and XDrum™ products across Ramsons’ range of denim processing machines which are produced at drum sizes from 500 litres to 5,000 litres.

SIMEC Atlantis Energy (SAE) 10.25p £44m

SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, announced that, via its joint venture Normandie Hydroliennes, it has signed a heads of terms with Alderney Electricity Limited to supply the island of Alderney in the Channel Islands with power from a proposed tidal array in the Raz Blanchard and help to reduce the island’s current reliance on carbon intensive diesel generation.    

Normandie Hydroliennes is a joint venture with regional investment fund Normandie Participations and local manufacturer Efinor, through which Atlantis intends to develop, install, and operate a demonstration tidal array in the Raz Blanchard site off the coast of Normandy, France. AEL is the principle energy provider for the Channel Island of Alderney, importing fuel oils and sole generator and distributor of electricity.

Serabi Gold (SRB) 81p £48m

Serabi Gold plc, the Brazilian focused gold exploration and development company announced the results of a Preliminary Economic Assessment for its 100%-owned Coringa Gold Project, located in Para State, Brazil. The PEA was completed by Global Resource Engineering, Serabi’s independent engineering consultant, who has offices located in Denver, Colorado, USA.

The Directors believe that the PEA results fully support their intention to develop a high grade, underground mining operation and the Board intends to assess the financing options available and complete the permitting and licencing processes necessary for development of the Project.  The Board expects based on the current expected time-line for the award of licences, that construction could be commenced at the end of the second quarter of 2020, with first gold production being achieved approximately nine months later.

Alien Metals (UFO) 0.23p £1.5m

Alien Metals Ltd, the AIM quoted mineral exploration and development company, announced the results of the July 2019 fieldwork carried out at the Company’s wholly owned Donovan 2, Los Campos and San Celso concessions in Zacatecas State, Mexico.

Highlights

Highly anomalous silver mineralisation at San Celso and Los Campos, confirmed

Significant further high-grade silver results returned from San Celso, including:

Maximum assay of 1,275 g/t silver (Ag)

18 anomalous samples returning an average of 272 g/t Ag

Significant further high-grade silver results returned from Los Campos, including:

Maximum assay of 547 g/t Ag

14 anomalous samples returning an average of 185 g/t Ag

Further gold identified at Donovan 2, including a sample returning 2.68 g/t gold

Strix Group (KETL) 170p £320m

Strix Group Plc, the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, announced a product launch with AquaShield Health Technology Company Ltd, the global exclusive Philips brand licensee for water purifiers and  dispensers. The collaboration will launch a new co-branded water bottle with in-built filter, supported by Strix’s water filtration expertise.

The Philips branded water bottle and filters powered by Astrea were introduced on Thursday 5 September 2019 at IFA Berlin, the world’s largest electronics and consumer show, where it was unveiled to trade delegates and press. This launch, as a co-branded product has allowed Strix to achieve a large-scale unveiling and promotion whilst leveraging existing channels without significant investment. The target launch of the water bottle for consumers is Q1 2020.

Attis Oil and Gas (AOGL) 0.1p £4m

Attis Oil and Gas, the AIM listed oil and gas company, announced that Thom Board, Executive Director, Chief Operating Officer and CEO of US operations, will be visiting the Asphalt Ridge heavy oil sands project, operated by investee company TSX listed Petroteq Energy Inc on 11 September 2019.   Mr Board shall be meeting with David Sealock, CEO of Petroteq, to receive an update on the operational progress made by, and the Company’s investment in, Petroteq.

The Company also notes the following update from TSX listed Petroteq Energy Inc regarding the Asphalt Ridge heavy oil sands project, Utah.  Mayan currently holds 1,035,233 shares in Petroteq Energy Inc. with an associated 1,035,233 3-year warrants at USD $0.90.

EVR Holdings (EVRH) 6.65p £98m

EVR Holdings plc, the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, announced streaming statistics in connection with MelodyVR’s partnership with American Broadcasting Companies, Inc  and Good Morning America  to deliver a milestone media event on August 30th: a live, immersive broadcast of GMA’s Summer Concert Series, featuring Mashmello and Kane Brown live from New York’s Central Park.

This first-of-a-kind broadcast, which simultaneously featured across national television and in 360/virtual reality, received over 100,000 live streams via the MelodyVR app alone. The broadcast repeated throughout the United States, in tandem with the airing of GMA in additional timezones, seeing fans access the MelodyVR platform on EST, CST, MST and PST time and throughout all 50 US States. The content was also simulataneously consumed by users in 14 additional countries across the globe.

Thalassa Holdings (THAL) 71p £12m

The board of Thalassa announces that on 5 September 2019 the Company purchased 40,000 of its ordinary shares at a price of 71.50 pence per share. These shares will be held in treasury and in total there are now 8,517,247 ordinary shares in treasury. This purchase was made in accordance with the Company’s Articles of Association and with a board authority dated 5 March 2019 to buy back up to £6,000,000.00 of the Company’s shares.

As at the date hereof, the Company has purchased 605,000 ordinary shares under this authority for a total cost of £481,444.92 at an average price of 79.37 pence per share. The average purchase price of the total number of shares held in treasury, 8,517,247 shares, is 70.76 pence per share for a cost of £6,027,034.12.

Vela Technologies (VELA) 0.1p £1.63m

The Board of Vela would like to update shareholders on its investment in WeShop Limited, following receipt of a shareholder update.

Vela has an interest in 71,429 shares in WeShop representing approximately 1.4 per cent. of the fully diluted share capital of WeShop. Vela’s holding has a paper value equivalent to £427,145, based on the subscription price of the most recent funding round. In its audited accounts for the year ended 31 March 2018, Vela valued its investment in WeShop at the acquisition cost of £100,000.

Edenville Energy (EDL) 0.06p £1.18m

Edenville Energy Plc, the AIM quoted company developing the Rukwa coal project in southwest Tanzania, announced that it has raised £300,000 by way of a placing of 600,000,000 new ordinary shares of 0.02p each in the Company.

The gross proceeds of the Placing will be used to supplement the Company’s working capital following the decision to accelerate mining and processing by acquiring new trucks and increasing shifts at the wash plant to increase overall productivity.

Head Chef:

Derren Nathan
0203 764 2344
derren.nathan@hybridan.com

*A corporate client of Hybridan LLP

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