File Forge Technology has completed the reverse takeover of personal care products contract manufacturer Amirose London Holdings (LON: ALH) and changed its name to that of the new business. Alfred Henry Corporate Finance is corporate adviser. The shares were suspended at 0.07p and 24 have been consolidated into one new shares, so the equivalent price is 1.68p. The share price has increased 93.5% to 3.25p.
India-based Sachin Srinivas Sawrikar, designated partner of Artha Bharat Investment Managers, has taken a 4.25% stake in Invinity Energy Systems (LON: IES). The share price improved 1.59% to 16p.
FALLERS
S-Ventures (LON: SVEN) shares returned from suspension following the sale of the trading businesses to AIM-quoted Tooru (LON: TOO) in return for 466.7 million shares. The company has tax losses of £2.6m. The share price slumped 87.1% to 0.225p.
Recycling company Majestic Corporation (LON: MCJ) has raised £171,000 at 80p/share. Andrew Male has stepped down as a director. The 2024 accounts should be published by the end of June. The share price declined 32.4% to 125p.
Valereum (LON: VLRM) has signed a binding memorandum of understanding with Fideum, which will help to Valereum to implement SaaS services, and they will cross-sell to existing clients. The two companies will set up a joint pilot project in Turkey. Valereum has invested $2.5m in Blubird Global Inc, which operates a platform that administers more than $55bn of token assets. Valereum will have access to Blubird tools, and it will promote Valereum to selected customers. There is also potential for Valereum to offer the Blubird suite under its brand. There was £500,000 raised at 4p/share. Fortified Securities has been appointed company broker. The share price fell 14.1% to 4.25p.
Time To ACT (LON: TTA) says that the Offshore Renewable Energy Catapult innovation centre has completed a validation of GreenSpur’s axial flux generator platform. This shows a reduction in cost of energy and weight savings. The technology is suitable for industrial scale manufacturing. Jeremy Earnshaw has joined the board, and Andrew Hall has stepped down. The share price decreased 11.8% to 37.5p.
Helium Ventures (LON: HEV) has published notice of a general meeting to gain shareholder approval for investing in Bitcoin, issuing additional shares and changing the company name to VaultZ Capital. The share price dipped 11.8% to 3.75p.
Wishbone Gold (LON: WSBN) confirmed that key drill holes at the Red Setter gold project will be deepened and appear to be in good order. There will be minor work for access. The share price declined 8.82% to 0.155p.
Oscillate (LON: MUSH) says the initial exploration of the Duekoue molybdenum copper gold project in Ivory Coast is progressing. Drilling is planned by the joint venture before the end of the year. The share price slipped 6.25% to 0.375p.
Ananda Developments (LON: ANA) says lead development product MRX1, has achieved 24 months of stability data. The company’s Phase 1 pharmacokinetic (PK) study has been published on clinicaltrials.gov. This is required prior to clinical trials. The share price declined 6.15% to 0.305p.
Fenikso Ltd (LON: FNK) received a $553,700 partial repayment of its loan to Lekoil and Gas Investments. This will go towards repaying the loan from Savannah Energy Investments. The share price fell 3.33% to 1.45p.
Unsurprisingly since the strong share price performance following flotation, the Smarter Web Company (LON: SWC) share price has dipped 1.82% to 81p. The company raised a further £13.4m at 81p/share. Andrew Webley bought 10,000 shares at 81p each, taking his stake to 14.6%. The Bitcoin purchasing continues and the total has increased to 122.76 Bitcoins at an average purchase price of £78,290 each.
Coinsilium (LON: COIN) has raised £750,000 from a retail offer at 6p/share. Subsidiary Forza Gibraltar has bought 3.6378 Bitcoins at an average price of £76,969.60 each. This takes the Bitcoin holding to 13.6399 Bitcoin. The share price edged down 0.7% to 6.85p.