United Oil and Gas (LON: UOG) has raised £500,000 at 0.2p/share. This will provide cash while the company continues with the farm out of the Walton-Morant licence in Jamaica. The share price rebounded 27.8% to 0.23p.
Celsius Resources (LON: CLA) has executed a binding sale agreement with Chinalco (Xiong’an) Mining Corporation for the disposal of 95% of the Opuwo cobalt copper project in Namibia for $15m. The mineral resource estimate is 225.5 million tonnes at 0.12% cobalt, 0.43% copper and 0.54% zinc. The disposal will allow Celsius Resources to focus on Philippine assets. The share price increased 27.3% to 0.35p.
Hercules (LON: HERC) chief executive Brusk Korkmaz bought 140,000 shares at 28.14p each, taking his stake in the staffing business to 22.4%. The wife of finance director Paul Wheatcroft bought 37,000 shares at 27p each. The share price recovered 23.4% to 29p..
Video games producer tinyBuild (LON: TBLD) chief executive Alex Nichiporchik bought 200,000 shares at 9.3p each. He owns nearly 58% of the company. The share price rose 22.2% to 11p.
FALLERS
River Global (LON: RVRG) has issued D shares to the holders of the A shares. The D shares will be entitled to receive a distribution of Liontrust Asset Management shares issued for the sale of the fund management business. The company will retain some shares in Liontrust and more than £2m in cash to help fund annual running costs of £400,000. Rover Global will remain on AIM for the time being and will decide whether to seek a reverse takeover transaction. The remaining interest in Parmeni9on is estimated to be worth £75m-£90m. The share price reflected the distribution and dived 62.5% to 2.25p.
Shares in ADM Energy (LON: ADME) have been suspended because the 2025 accounts have not been published. They are expected before the end of August. Working capital is constrained. Prior to suspension the share price slumped 44.4% to 0.0125p.
Huddled Group (LON: HUD) raised £1.24m at 0.4p/share via subscription and the retail offer at 0.4p/share was nearly three times subscribed and the online retailer decided to accept £200,000, which was double the amount sought. That takes the total raised to £1.51m. The cash will be spent on increasing stock levels and on marketing activity. Management believes that this should take the business to cash flow positive. The share price dipped by two-fifths to 0.45p.
Mercantile Ports & Logistics (LON: MPL) says the hearing before the National Company Law Tribunal relating to Karanja Terminal & Logistics has been adjourned. There will be a further hearing on 7 August. The port handled 1.2 million MT of cargo in 2025, compared to 1.33 million MT in the previous year. Net debt is £49.6m. The share price fell 36.6% to 1.3p.