Finance provider Sancus Lending (LON: LEND) shares had been declining prior to this week. The share price has jumped 138.5% to 1.55p today on the back of chief executive Rory Mepham buy one million shares at 0.51p each. Last week, Somerston Fintech and Golf Investments increased their combined stake from 55.5% to 56.6%.
Yourgene Health (LON: YGEN) is selling its Taiwan-based subsidiary to Singapore-based INEX Innovate for up to £3.2m over two years. The deal is dependent on government approval for the change of ownership and should happen by September. The cash raised will help the group cash to last longer. The share price recovered 16.3% to 0.25p.
IOG (LON: IOG) has produced the first gas from the Blythe H2 well in the North Sea to the Bacton terminal. Equipment is being sent to the rig to try to improve the disappointing production flow rate. Discussions with bond holders continue. There is a risk of a covenant breach on the test date of 30 June. The bonds mature in September 2024. The share price rose 10.1% to 4.35p.
Sound Energy (LON: SOU) believes it has secured a deal that will provide funding for the Tendrara exploitation concession and the Grand Tendrara exploration permit. The deal with Calvalley Petroleum would involve the divestment of a 40% working interest in the concession and permit. Sound Energy retains a 35% interest and remains the operator. Calvalley would fund the first $48m of development costs and 100% of the TE-4 well costs up to a maximum of $7m. There will also be $8m of funding for 40% of other costs, including back costs. Calvalley may also advance Sound Energy cash to cover costs and this would be paid back out of future revenues. Sound Energy is also raising up to £4m through a convertible loan note. The share price is 9.3% ahead at 1.925p.
Cleantech and sustainable investment company i(x) Net Zero (LON: IX.) says the value of its investments increased by 5% to $63.8m. NAV fell from $63.9m to $59.7m due to a new deferred tax liability of $11.3m and the full year loss. The share price is 8.9% higher at 12.25p, which is less than one-fifth of NAV.
Mirada (LON: MIRA) is less than one week away from leaving AIM and the share price continues to decline. The last day of trading is 19 June. The shares have fallen by one-quarter to 3p.
Last week, David and Monique Newlands increased their stake in CAP-XX (LON: CPX) from 4.93% to 5.21%. This was before Lars Stegmann officially became chief executive. The share price is 6.15% to 1.525p.
Stewart Crow has stepped down as a non-executive director of Atlantic Lithium (LON: ALL). He has been on the board for one decade. The company is progressing towards production at the Ewoyaa lithium project. The share price fell 2.8% to 33p.
