SulNOx Group (LON: SNOX) has raised £700,000 from a share subscription by Nistadgruppen AS at 22.5p/share. That takes the Nistad stake to 14.4%. The share price improved 19.6% to 27.5p. The cash will be used for working capital. Spring Marine Group is adopting SulNOX fuel consumption reduction additives for its tankers and the initial order is worth $45,000.
TruSpine Technologies (LON: TSP) has submitted additional documentation and clarification relating to questions from the US FDA and the 510(k) application for Cervi-LOK. The share price increased 4.76% to 1.1p.
Chris Akers has reduced his stake in Tap Global Group (LON: TAP) from 5.9% to 3.7%, while chief executive David Carr and chief strategy director Arsen Torosian bought 220,798 shares at 2.26p each and 4.735 million shares at 2.31p/share respectively. The share price edged up 2.17% to 2.35p.
FALLERS
Watchstone Group (LON: WTG) chief executive Stefan Borson bought 100,000 shares at 2.9p each. He owns 0.93% of the company. Watchstone lost its appeal in its court action against PwC. The share price slumped 30.4% to 4p. There were two trades in the shares at 1.75p/share on Thursday and the share price fell to 2.125p at one point.
Gunsynd (LON: GUN) investee company Aberdeen Minerals has been awarded a grant of £294,000 by the UK government. This will meet around two-thirds of the cost of a feasibility study into processing minerals at the Arthrath nickel cobalt copper project. This relates to the use of cathode raw materials in Scotland for UK battery manufacturing. The Gunsynd share price fell 16.7% to 0.25p.
The suspension of trading of shares in Helium Ventures (LON: HEV) was lifted last Tuesday and the share price slipped 13.5% to 5.625p. This follows the termination of the acquisition of Vestigo Technologies by the cash shell. Instead, the target company intends to float on AIM. Helium Ventures will end up with £1.55m of shares in the company, or a price determined by independent valuation if the flotation does not go ahead. This is payment for management time and professional costs. Helium Ventures is also subscribing for £250,000 worth of shares to support working capital and it will be issued by £100,000 worth of shares for assistance on the flotation. The total stake will be capped at 9.99%.