LSE Market News

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resources projects in Africa, has that it has agreed to acquire a loan note of US$250,000 in Netcom Global,a wholly owned subsidiary of Armadale, by the issue of 84,921,361 new ordinary shares of 0.01 pence each in the capital of the company to the holder […]

When Perry Como (a pre-Beatles, American crooner) sang “When the Moon Hits Your Eye Like a Big Pizza Pie – That’s Amoré,” I looked up “amoré” in the dictionary and decided if that’s what love is like, I didn’t want any part of it.  Of course, I was only about ten years old, so I […]

Fitbug Holdings (LSE:FITB.L), an AIM listed provider of online personal health and well-being services, has signed a £1 million loan agreement with NW1 Investments Limited. The Loan is repayable by 31 July 2014 and will accrue interest at a rate of 5% per annum, payable on a quarterly basis. If during the term of the […]

Ferrex (LSE:FRX), the AIM quoted iron ore and manganese development company focused in Africa, HAS announced the final assay results from the 9 hole diamond drilling campaign recently completed at its 309 sq km Mebaga DSO Iron Ore Project in northern Gabon. Results are listed in Table 1. In a statement the company released the […]

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has issued an update focussed on three target areas, Massakama and Gourbassi East and West from its 100% owned Kossanto Gold Project in western Mali. Highlights: · Expansive potential of Kossanto continuing to unfold – sampling of two newly discovered […]

Nyota Minerals (LSE:NYO), the gold exploration and development company in East Africa, has entered into a conditional agreement with (LSE:KEFI) Minerals, an AIM-quoted gold and copper exploration and development company with projects in the Kingdom of Saudi Arabia, for the sale of 75% of the issued share capital of Nyota Minerals (Ethiopia), the company’s subsidiary […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration, development and production company focused on Europe, have held their Annual General Meeting. At the meeting, Chairman Bill Adamson made the following statement: “Twelve months ago at the 2012 AGM, we reported that our high impact exploration licences in the Irish Atlantic Margin; […]

Sirius Petroleum (LSE:SRSP) and BG Group (LSE:BG.), virtual David and Goliaths of the oil industry made public discoveries of significant and previously unexpected recoverable resources in their fields off the coast of Africa. Discoveries Sirius announced that an independent assessment by Schlumberger, the world’s largest petrochemical service company has confirmed 35.2 to 44.1 million...

Noricum Gold (LSE:NMG), the Austrian focused gold exploration and development company, has announced further significant high grade gold and silver mineralisation from its 2013 underground drill programme at the Company’s 100% owned Rotgulden Gold and Precious Metals Project (‘Rotgulden’). Highlights: · Significant gold (‘Au’), silver (‘Ag’) and copper (‘Cu’) results received from a further...

FinnAust Mining (LSE:FAM), an exploration company with several highly prospective projects in Finland, has said that drilling has commenced at its Hammaslahti Copper Project in southern Finland. The initiation of drilling at Hammaslahti represents the beginning of a near continuous 10,300m 11 month rolling drilling campaign across three high-priority copper-gold and nickel-copper-PGE projects;...