Small cap round up
Digital media firm RhythmOne has bought Perk, a Canada-based mobile-first rewards and engagement platform, for $42.5m in order to strengthen its scale.The AIM-listed company announced that it closed the deal on Thursday, after it agreed to buy Perk’s issued outstanding common and class A shares and certain employee options.
Explorer Greatland Gold said analysis of samples from recent drilling at its Ernest Giles project in Western Australia suggested there may be "multiple million ounce deposits" of gold. After last week reporting that systematic, wide-spaced drilling campaign at Ernest Giles had successfully identified two large zones of gold mineralisation, the AIM-listed company said the further analysis of the results confirmed gold mineralisation was "present over a large area and suggest that Greatland has discovered a new gold province in this largely unexplored area".
Trans-Siberian Gold reported on Thursday that mine development at Asacha in the fourth quarter of 2016 comprised 1,499 metres. The AIM-traded company said ore extraction - including ore from stoping and mine development - amounted to 48,658 tonnes.
London-listed Russian retail chain Lenta has penned a 15-year lease contract for 36 supermarkets in Moscow, which are currently under construction. The company, which is also quoted on the Moscow Exchange, signed a contract with Edison Negro, which is part of the ADG Group property development company that is building shopping and entertainment centres in residential areas in Moscow.
Gama Aviation's joint venture with CK Hutchison has won a long-term business jet maintenance co-operation contract with China Aircraft Services Limited, a maintenance provider based at Hong Kong International Airport. Under the collaboration agreement, Gama Aviation Hutchison will act as the general sales agent to work with CASL to provide a range of business jet maintenance services, including line, base maintenance and aircraft-on-ground support.
Gas firm Sound Energy is to buy Oil & Gas Investment Fund’s (OGIF) hydrocarbon assets in eastern Morocco in exchange for 272m shares in the company, subject to shareholder approval. The acquisition will see the company buy a further 20% stake in the Tendrara site taking its total participation to 75%, and a 75% interest in the Meridja site, which represents 47.5% on a net basis. The remaining 25% interests in Tendrara and Meridja are held by Morocco's Office National des Hydrocarbures et des Mines, a government organisation.