Quantum Exponential Group (LON: QBIT) says potential investors have proposed a minimum investment of £1m at 1p/share. The investors have also agreed to pay the investment company £100,000 to cover costs since incurred since the proposed cancelation was announced. This will be repayable out of the proceeds of the investment when it is completed. The share price doubled to 0.5p.
Ormonde Mining (LON: ORM) investee company TRU Precious Metals has appointed Ormonde Mining technical adviser Steve Nicol as chief executive. The 36.2%-owned TRU Precious Metals is exploring for gold and copper in Canada. Another investee company, Peak Nickel, has commenced a drill programme in Aberdeenshire. There will be a minimum of 1,000 metres drilled. The Ormonde Mining share price rose 11.1% to 0.25p.
Gunsynd (LON: GUN) remains on Aquis for a few more days and it has entered a farm-in agreement with Pinwheel Resources over acreage in Canada. It can earn 100% of Falcon Lake U-Co-Cu project and Bear Twit VMS project for a total outlay of £200,000 in cash and shares. The share price improved 3.33% to 0.155p.
FALLERS
Flex Labs Inc (LON: FLEX) is proposing to cancel its Aquis quotation and is holding a general meeting on 30 August. The plan is to seek a listing in Canada. The AI company joined Aquis last December at 6p/share. The share price halved to 0.75p following the latest news.
Investment Evolution Credit (LON: IEC) has raised £100,000 at 20p/share. The share price declined 28.6% to 50p.
Ananda Developments (LON: ANA) has moved to the Apex segment of the Aquis Stock Exchange. The share price slipped 10% to 0.45p.
Tap Global Group (LON: TAP) says David Hunter is resigning as chairman. He has given three months’ notice. The share price fell 6.67% to 0.7p.
IntelliAM AI (LON: INT) has secured a contract extension with a global alcohol company. The company’s consulting services will be broadened to 35 maltings sites in the UK. The contract value is a minimum of £100,000. The share price is 4.55% lower at 105p.