EDX Medical (LON: EDX) completed its reversal into shell TECC Capital in a deal valued at £12m and £1.2m was raised at 6p a share. The share price returned from suspension and increased by 64.1% to 5.25p, but it is still below the placing price. EDX Medical develops digital diagnostic products and service for cancer, heart disease, neurology and infectious diseases.
Watchstone Group (LON: WTG) has agreed settlement terms with former auditor KPMG. The final payment is £4.95m. Net assets were £11.4m at the end of June 2022, which was mainly cash. The share price increased by 11.5% to 29p, which values Watchstone at £12m.
Tectonic Gold (LON: TTAU) has recommenced drilling at the Specimen Hill project in Queensland. This is drilling below a previous mine and one result was 8.17g/t gold over one metre in distal veins. A shortage of drilling rigs delayed the restart. The drilling should be completed in a fortnight. The share price rose 3.45% to 0.75p.
Wishbone Gold (LON: WSBN) has exercised its option to acquire the Anketell gold-copper project in Western Australia. This cost £320,000 in shares at 14.75p a share and £50,000 in cash. The share price edged up 0.7% to 7.2p.
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Fallers
Web3 gaming and infrastructure company Pioneer Media Holdings Inc (LON: PNER) has closed the first tranche of the previously announced placing and this raised C$580,000 at C$0.10 a unit – one share and 0.5 of a warrant exercisable at C$0.25. This is a huge discount to the market price. The share price slumped 14.3% to 30p. This cash will finance technology development and working capital. Olivia Edwards has been appointed to the board.
Diesel additives supplier SulNOx Group (LON: SNOX) has secured an order in South Africa and a repeat order in Costa Rica. Agriculture has proved to be a large customer base. Even so, the share price fell 8.77% to 13p. NFT Investments (LON: NFT) continues to trade well below its NAV and it fell a further 2.63% to 0.925p. Some of the assets are held in cryptocurrency, so the recent declines may have reduced the stated NAV.
