Three directors bought shares in S-Ventures (LON: SVEN). Scott Livingston acquired 104,539 shares at 11.1p each, taking his stake to 36.7%. Robert Hewitt bought 44,247 shares at 11.3p each and Alexander Phillips acquired 89,954 shares at 11.1p each. Exercised warrants at 25p each raised £350,000. The share price rose 35% to 15.05p.
A company owned by NFT Investments (LON: NFT) executive chairman Jonathan Bixby bought 10 million shares at 0.855p each, taking his stake to 6.43%. NFT investments has secured a temporary restraining order in Delaware that freezes the online warrant holding assets secured in the cybersecurity incident. The share price recovered by 21.2% to 1p.
Coinsilium Group Ltd (LON: COIN) says that it invested $575,000 in crypto currencies and also entered into advisory work with the issuers. The company says that the crypto currency markets are recovering in 2023. Despite that, Web3 projects have more realistic valuations making them attractive to investors. The share price improved by 10.5% to 2.1p.
Cadence Minerals (LON: KDNC) investee company European Metals Holdings (LON: EMH) says the Cinovec project has been classified as a strategic project for the Usti region in the Czech Republic. This means it can receive grants from the Just Transition Fund. The Cinovec project could receive a up to €49m. The share price rose 9.02% to 16.625p.
The latest investment by Quantum Exponential (LON: QBIT) is in Oxford Quantum Circuits. The £299,997 investment, for a 0.34% stake, is part of a £869,000 funding round. Oxford Quantum Circuits designs super conducting circuits and plans to expand in Asia. The share price moved up by 3.33% to 1.55p.
KR1 (LON: KR1) has made four new investments in HydraDX and related Basilisk tokens, Superchain, Argent and Metaprime. HydraDX and Argent were existing investments. The total investment is just over $1m. The share price improved by 1.03% to 49p.
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Fallers
There have been delays in the provision of the £200,000 bridge loan to TruSpine Technologies (LON: TSP) and it should be received shortly followed by the first tranche of the subscription. Those shares will be issued at 4p each and the price is down 38% to 1.855p.
Head of risk and compliance Simon Mathisen acquired 120,168 shares at 3.5p each in Oberon Investments (LON: OBE), while non-exec Gemma Godfrey bought 200,000 shares at 3.5p each. The share price fell 9.64% to 3.75p.
Lift Global Ventures (LON: LFT) has invested £750,000 in convertible loan notes issued by Trans-Africa Energy Ltd, which develops energy infrastructure projects in Sub-Sharan Africa. It has a joint development agreement with Ghana National Gas Company. This covers four projects for processing and transporting natural gas, where Trans-Africa will have a majority stake. The financial close for the first project could be later this year. The share price slipped by 9.52% to 0.95p.
Emissions reducing fuel ingredients supplier SulNOx Group (LON: SNOX) grew third quarter revenues by 9% quarter-on-quarter to £45,720. Pro forma cash is £790,000 and cash outflow is being reduced. The fourth quarter has started well, and sales staff are being recruited. The share price fell 8.7% to 10.5p.
Altona Rare Earths (LON: ANR) is raising £275,000 via a convertible issued to clients of Optiva Securities. This is convertible at the upcoming £1.25m placing at the time of the move to the standard list and will fund an increase in the shareholding in the owner of the Monte Muambe rare earths project. Align Research has extended its £150,000 loan and with interest £189,750 will be payable on 30 April. The current share price is 7.79% lower on the week at 5.625p.
Marula Mining (LON: MARU) is seeking to move to AIM. Cairn has been appointed as nominated adviser and a joint broker with Monecor will be appointed. A competent persons report on the portfolio of assets in Africa will be commissioned. At 6.1p, down 5.43% on the week, the battery metals company is valued at £1.6m. That is low for an AIM company.
Evrima (LON: EVA) has recovered more than the cost of its $234,000 investment in Premium Nickel Resources through a series of sales raising $299,000. The residual stake is valued at $1.63m. Guy Miller has resigned from the board. The share price dipped by 3.66% to 3.95p.
Vulcan Industries (LON: VULC) generated revenues of £968,000 from continuing operations in the nine months to December 2022. The loss was £697,000. Acquisition opportunities have been identified. The share price declined 2.41% to 0.81p. Craft spirits producer British Honey (LON: BHC) says revenues fell from £8m to £6m and management is cautious about trading. The review of strategy continues. The share price fell 1.32% to 18.75p.
