Tue, 20th Apr 2021 10:20
(Alliance News) - Kavango Resources PLC is partnering with underground mapping firm Spectral Geophysics to aid in the discovery of world-class mineral deposits , it said on Tuesday.
The partnership will see Spectral map Kavango s Kalahari Suture Zone project in Botswana. In return for Spectral s surveying services, Kavango will issue it with 3 million Kavango shares at 3 pence per share and 3 million warrants kfor shares exercisable at 4.25p a share.
Kavango shares were up 5.2% to 3.26p each in London on Tuesday morning.
Kavango also said underground mapping had revealed a promising discovery at the northern Hukuntsi section of Kalahari Suture Zone project. Kavango Chief Executive Michael Foster said the firm was encouraged to have identified a conductive body of this size , but further work was needed to confirm the finding. Spectral carried out the surveys at the site.
Kavango Resources partners with Spectral for Botswana exploration
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Kavango Resources partners with Spectral for
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Today s Market View - Hummingbird Resources, Kavango Resources, Rainbow Rare Earths and more
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TRADING UPDATES: Character Extends Peppa Pig Deal; Dekel Raises Cash
Fri, 29th Jan 2021 18:26
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Character Group PLC - Surrey, England-based toy, games and gifts manufacturer - Extends Peppa Pig licence deal with US toymaker Hasbro Inc. Deal allows Character to continue the Group s current Peppa Pig wood products licence through to 31 December 2023 and to significantly extend the product range under that licence . The new toy product categories to be added to this licence include basic plush, eco plush, feature plush, activity toys and a nursery product range, Character says. Also completes sale of freehold to its warehouse premises at Vernon Works, Lancashire for GBP3.5 million.