Empyrean Energy (LON: EME) is issuing 4.4 million shares at 0.8p/share to directors instead of paying their salaries between June and August. The agreement to take shares will continue until the interest in Mako is sold or the end of 2023. The share price increased 9.21% to 0.901p.
Insig AI (LON: INSG) says that discussions continue with interested customers for its data science software. The share price rose 7.69% to 21p.
Power Metal Resources (LON: POW) says two gold-in-soil anomalies were identified in strike at the Tati gold project in Botswana from the 2022 drill intercepts of 40g/t and 23.2g/t gold over one metre and two metres respectively. The company is targeting a zone to the south west extension from the historic gold mine Cherished Hope. The share price improved 4.29% to 0.85p.
FALLERS
Trading in Cambria Africa (LON: CMB) shares recommenced after it published its 2021-22 accounts on Thursday evening. It also published interims to February 2023. Revenues declined 38% to $451,000 and pre-tax profit fell to $139,000. NAV is 1.06 cents/share. The share price slipped 18.2% to 0.225p.
Fulcrum Utility Services (LON: FCRM) continues to decline ahead of the general meeting on 26 September to gain shareholder approval to leave AIM. It has fallen a further 18.2% to 0.135p and the share price has slumped 86.3% this year.
Shares in Beacon Energy (LON: BCE) have declined 8.33% to 0.165p/share following the oversubscribed £4.3m fundraising at 0.15p/share that was announced on Thursday evening. The cash will help to bring the Schwarzbach-2 well in Germany into production. There is an excellent oil-bearing reservoir, and the well could materially increase the company’s production.
Webis Holdings (LON: WEB) is issuing £1.15m from an issue of convertible loan notes to Galloway to satisfy a prior loan and raise an additional £750,000 to invest in software for its main betting website. The interest rate is 11%. The share price dipped 6.9% to 1.35p.
Online gaming company B90 Holdings (LON: B90) has raised £2m at 5.44491p/share. The cash will go towards funding acquisitions and further investment in existing assets. The company is also converting £4.73m of loan notes and interest into 86.8 million shares. Enwys, which acquires customers for online gaming companies, has been bought. There are more than 20 other acquisition targets. The share price fell 5.74% to 5.75p. The share price has more doubled this year.
