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RNS Hotlist: All Star, Altona, Angle, Arrow Exploration, Bidstack, Cellular, C4X, Hurricane, Hydrogen Future, InSig, Open Orphan, PetroTal, Tirupati

06:46, 28th April 2022

Open Orphan (ORPH), a specialist contract research organisation, said that further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its Nominated Adviser status upon the completion of its recommended takeover, the company has appointed Liberum Capital Limited as its Nominated Adviser and Joint Broker. The company said it is “delighted” to now be working with such a prestigious investment bank as Liberum.

Another company shifting service providers after the Arden takeover is Arrow Exploration (AXL), the hydrocarbon operator in Colombia. It has appointed Canaccord Genuity Limited as its new Nominated Adviser and Joint Broker with immediate effect. 

PetroTal (PTAL) announced its financial and operating results for the year and three months ended December 31, 2021. The company said having met its original goal of 20,000 bopd, the team is now focused on achieving a new production target of 25,000 bopd with minimal social downtime.  

ANGLE (AGL), a liquid biopsy company, announced audited preliminary results for the year ended 31 December 2021. The company said the strong operational momentum seen in 2021 has continued into 2022. Since the start of the year, it has maintained regular and constructive dialogue with FDA on its De Novo application and our United States laboratory has been registered with CLIA and is progressing towards full accreditation.

Sovereign Metals (SVML) requested an immediate voluntary trading halt in its shares on the Australian Securities Exchange, pending an announcement regarding a capital raising.

Hurricane Energy (HUR), the UK based oil and gas company, announced its full-year results for the period ended 31 December 2021. The company said that despite all the recent volatility in the oil price, with the expectation that oil prices remain over $90/bbl, post bond repayment it forecasts to have over $60 million of net free cash.

All Star Minerals (ASMO), an investing company listed on Aquis said that it has issued Gathoni Muchai Investments Ltd 22,000,000 shares at 0.035p. Jason Brewer, CEO of the Company is a connected person to the Chief Executive Officer of GMI and a substantial shareholder and director of GMI.

Cellular Goods (CBX), a UK-based wellness company, announced the filing of its first patent application related to the use of cannabinoids for skin brightening. CBX’s patent application, 'Dermal Composition Comprising Cannabinoid and Derivatives Thereof', was filed on 26 April 2022 with the UK Intellectual Property Office. This application is the first patent filed by the company and is anticipated to form part of a wider patent portfolio driven by Cellular Goods' research into the wellness benefits of lab-made cannabinoids.

C4X Discovery Holdings (C4XD), a Drug Discovery company, announced its half-year results for the six months ended 31 January 2022. The company said that following the out-licensing agreement for its IL-17A inhibitor programme last year, it has continued to make “substantial” progress across its portfolio with its NRF2 programme now in advanced commercial discussions with multiple partners.

Hydrogen Future Industries (HFI), a hydrogen focused investment company presented its interim results for the period ended 31 January 2022. The company said the period saw Hydrogen Future Industries list on the AQSE Growth Market as a SPAC within the Hydrogen Economy and is executing on this strategy. It is “actively” engaged in the development of proprietary wind and water-based hydrogen production systems.

Tirupati Graphite (TGR), the specialist graphite and graphene company, updated on its agreement to acquire the entire issued share capital of Suni Resources SA from Battery Minerals Limited. The acquisition of Suni Resources will mean that Tirupati will hold the advanced Montepuez and Balama Central graphite projects in Mozambique, alongside associated technical intellectual property related to the assets.

Altona (ANR), a mining exploration company, confirmed its intention to apply for admission of its ordinary shares to the Standard Segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities. Admission to trading of the company's Ordinary Shares on the AQSE Growth Market will be cancelled simultaneously with Admission. Why anyone would want to leave Aquis is clearly a mystery. Concurrently with Admission the company is seeking to raise funds to finance its current and future rare earths mining projects in Southern and Eastern Africa.

Bidstack Group (BIDS), the in-game brand activation platform, announced a new and exclusive partnership with Hollywood Story: Fashion Star, a fashion and lifestyle game developed by Nanobit. Hollywood Story: Fashion Star is a role-playing casual mobile game that allows players to live their movie star dream and experience the life of a celebrity. Everyone loves a bit of role play.

Insig AI (INSG), the data science and machine learning solutions company, has now delivered the new ESG scoring tools to CarVal Investors, the global alternative investment manager. These scoring tools will be used by CarVal to optimise a new line of high yield and investment grade portfolios based on ESG considerations. Insig AI will be entitled to annual fees based on CarVal's assets under management.

 

 

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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