LONDON (ShareCast) - Kirkland Lake Gold has raised $10.7m through a private placement of 2.2m units at a price of C$4.85 each.

Each unit consists of one common share and one quarter of a share purchase warrant. Each whole warrant is exercisable to purchase one common share for a period of 12 months from the date of issue at a price of C$5.50.

Online gamer Leisure & Gaming reports amounts wagered in the three months to December rose 6% to €24.1m (2007: €22.7m). The net win rose by 5% to €6.5m (2007: €6.2m. Gross profit rose to 11% to €2.0m (2007: €1.8m).

"The growth in the number of partners in Italy and Cyprus has beaten our forecasts and the online offering continues to expand," said chief executive Richard Derry. "Trading since the New Year has been ahead of expectations, with no reduction in customer spending or business activity," he added.

Scotty Group has signed a co-operation agreement with Hawker Beechcraft of Wichita, Kansas, a leading manufacturer of piston, turboprop and jet aircraft. Under this agreement, HBC and Scotty will jointly engage in airborne sensing programmes.

Mobile phone service specialist WIN edged lower as it warned underlying profits for 2008 will fall to £1.6m, compared with £2.65m last year. The overall result was affected by lower than expected contribution from Video-on-Demand and Pocket Group together with the charge in relation to Greece, a weaker second half performance from Premium Rate and an increase in staff costs. WIN announced in December it is in exclusive bid talks with an unnamed party.

Precision engineering products maker 600 Group expects to report an operating loss for the full year as margins and sales deteriorate.

IT firm Globo said trading for the year was strong with revenue up around 60% and pre-tax profit up more than 35%.

However, due to the global financial crisis overall cash flow has been affected by significant delays in payments by customers, in particular on completed government contracts, resulting in an increase in borrowings.

“It is inevitable that the current global economic turmoil will affect our business although we remain confident that we will trade profitably in 2009,” said non-executive chairman Brett Miller.

Broadband satellite operator Avanti signed a two-year contract to supply wholesale broadband services to satellite systems supplier Parabolica of France. The order has a minimum value order value of £100,000.

Insurance software group Innovation expects full year results to be in line with forecasts. In the quarter to 31 December, both revenues and adjusted pre-tax profits have increased significantly on the same period last year with revenue up 24%.

IT firm Globo said trading for the year was strong with revenue up around 60% and pre-tax profit up more than 35%.

However, due to the global financial crisis overall cash flow has been affected by significant delays in payments by customers, in particular on completed government contracts, resulting in an increase in borrowings.

“It is inevitable that the current global economic turmoil will affect our business although we remain confident that we will trade profitably in 2009,” said non-executive chairman Brett Miller.

Broadband satellite operator Avanti signed a two-year contract to supply wholesale broadband services to satellite systems supplier Parabolica of France. The order has a minimum value order value of £100,000.

Insurance software group Innovation expects full year results to be in line with forecasts. In the quarter to 31 December, both revenues and adjusted pre-tax profits have increased significantly on the same period last year with revenue up 24%.

Information management software company Infonics has called in the administrators after being unable to secure further funding to meet its maturing credit facilities.

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