SMALL CAPS
18 Feb
Small cap news round-up
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Brave Bison Shares in Brave Bison fell after the online video and marketing firm warned that revenue in 2017 will be “substantially lower” than 2016 due to two material contract losses at the end of last year and the potential discontinuation of certain low margin business.

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17 Feb
Coal of Africa clears loan with equity conversion
Coal mine, mining

Coal of Africa announced on Friday that it received notice from Yishun Brightrise Investment requesting the conversion of a $10m loan to CoAL's ordinary share capital.

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17 Feb
Noida Toll Bridge begins arbitration against development authority

Noida Toll Bridge Company announced on Friday that it initiated arbitration proceedings against New Okhla Industrial Development Authority (NOIDA) under the terms of Article 26. 1 of its concession agreement.

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17 Feb
Ncondezi Energy says knows no reason for share price move

AIM-listed Ncondezi Energy noted the recent rise in its share price and said it knows no reason for the move.

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17 Feb
Brave Bison warns 2017 revenue will be lower than last year
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Shares in Brave Bison fell after the online video and marketing firm warned that revenue in 2017 will be “substantially lower” than 2016 due to two material contract losses at the end of last year and the potential discontinuation of certain low margin business.

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17 Feb
Herencia Resources only funded until end of month
Money pounds sterling

Herencia Resources confirmed on Friday that, following “prudent cash management” and an ongoing working understanding with creditors, it believes its working capital position remains satisfactory until the end of February.

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17 Feb
Cambria Africa raises just 13pc of target in two month offer
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Cambria Africa confirmed the result of its open offer and the conversion of VAL's loan into Cambria ordinary shares on Friday, having initially announcing the offer to qualifying shareholders on 28 November in a bid to raise up to £1. 25m.

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17 Feb
Asa Resources performs below par in third quarter
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Asa Resource Group posted an update on operations and exploration activity for the quarter to 31 December on Friday, with old production and sales 3% lower at Zimbabwe’s Freda Rebecca Gold Mine, at 15,365oz.

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17 Feb
Landore posts maiden resource estimate for BAM
Gold bars, coins, mining, metals

Landore Resources posted the maiden mineral resource estimate and report for the BAM East Gold Deposit on its Junior Lake Property, Ontario, Canada on Friday.

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17 Feb
Holders Technology manages through 'difficult year'
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Printed circuit board laminate and LED solutions supplier Holders Technology announced its audited results for the year ended 30 November on Friday, saying both its PCB and LED segments achieved modest revenue growth in the year, with margins maintained.

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17 Feb
Metal Tiger confirms exciting new mineralisation zone in Botswana
metal tiger

Shares in Metal Tiger are down more than 16% despite it confirming the discovery of an "exciting new zone of mineralisation" beneath the T3 Resource, in Botswana's Kalahari Copper Belt.

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17 Feb
Tern swings to FY pre-tax profit as investment value soars
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Shares in Tern are up more than 6% as it swung to an annual pre-tax profit in 2016 -- helped by a handsome uptick in the fair value of investments -- in what it described as a "pivotal" year.

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17 Feb
Thor Mining completes sale of Australian gold project
gold nuggets

Thor Mining has completed the sale of its Australian gold project to miner PC Gold in order to start drill programmes at other projects.

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17 Feb
Agriterra narrows losses per share in tough trading
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African agricultural company Agriterra announced its results for the six months to 30 November 2016 on Friday, with revenue from continuing operations falling to $8. 1m from $9. 4m year-on-year.

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17 Feb
Jersey Oil & Gas expects North Sea rig to start drilling in summer
North Sea rig

AIM-listed Jersey Oil & Gas expects that its rig in the North Sea will start drilling a well in the summer.

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17 Feb
European Metals finds 'substantial' increase in lithium resource at Czech mine
mine

Miner European Metals found that there is a “substantial” increase in indicated resource at its lithium and tin project in the Czech Republic, following a seven month drilling programme.

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17 Feb
Ithaca Energy starts production at North Sea oil field
North Sea rig

AIM-listed explorer Ithaca Energy has started production at its Stella oil field in the North Sea.

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17 Feb
Driver Group swings to a loss, aims to raise £8m from share placing
Money pounds sterling

Driver Group’s revenue for the 2016 financial year revenue increased but the company swung to a loss as it implemented a recovery plan.

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17 Feb
Keywords Studios buys London-based Spov for up to £1.2m
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Keywords Studios, which provides technical services to the global video games industry, has acquired Spov for up to £1. 2m in cash from its founder, Allen Leitch.

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16 Feb
Small cap news round-up
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88 Energy Oil and gas explorer 88 Energy said that Doyon Drilling’s Arctic Fox rig is to move to the Icewine 2 appraisal well in April after the completion of drilling on a nearby acreage.

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