Pursuit Dynamics Sells Atomiser Patent Rights

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PURSUIT DYNAMICS PLC (PDX.LN) Wednesday announced that it has agreed to sell its Atomiser patent rights and certain related know-how to Tyco Fire & Security Gmbh, for consideration that comprises a cash payment of $100,000, as it seeks to sell its remaining operating businesses with a view to eliminating its remaining liabilities.

At 0800 GMT shares -0.2 pence, or 7.0%, at 2.2 pence.

COAL OF AFRICA LTD. (CZA.AU), released a positive Definitive Feasibility Study for its flagship Makhado coking coal project in the Limpopo Province of South Africa that estimates annual production at 2.3 million tons of hard coking coal and 3.2 million tons of thermal coal for a capital expenditure of ZAR3.96 billion ($406.3 million) including contingencies.

Shares in London +0.5 pence, or 4.8%, at 11.0 pence.

IMPELLAM GROUP PLC (IPEL.LN), the staffing firm, said it expects unadjusted earnings per share to be broadly flat in the first half compared with the prior year, adding that trading in the first five months of 2013 has been broadly in line with the board's expectations.

Shares -22.5 pence, or 5.5%, at 388.5 pence.

JUBILEE PLATINUM PLC (JLP.LN) said it has agreed a deferred second tranche payment with regard to the disposal of subsidiaries to Global Renewal Energy Ltd., after the buyer failed to make the second payment by the due date.

Shares -0.25 pence, or 4.3%, at 5.6 pence.

INTERNETQ PLC (INTQ.LN), a provider of mobile marketing and digital entertainment solutions for mobile network operators, said it has entered into a strategic partnership agreement with General Mobile Technology, a leading mobile platform operator and provider of mobile Internet services across key emerging markets and an investee company of MediaTek Inc. (2454.TW).

Shares +9.75 pence, or 3.1%, at 322.0 pence.

CAZA OIL & GAS INC. (CAZ.T), a U.S.-focused oil company, said it has agreed to a GBP450,000 advance, pursuant to its GBP6 million Standby Equity Distribution Agreement between the Company and YA Global Master SPV Ltd., an investment fund managed by Yorkville Advisors Global, LP.

Shares in London -0.25 pence, or 2.1%, at 11.75 pence.

TETHYS PETROLEUM LTD. (TPL.T), a Central Asia-focused oil company, said it has a busy and active program in Kazakhstan in the second half of the year, including exploration, testing of existing wells and workovers, which will move Tethys closer to exploiting the potential of its gas and liquids portfolio.

It expects total capital expenditure for the program at approximately $20.4 million

Shares in London +0.75 pence, or 1.4%, at 56.25 pence.

GULF KEYSTONE PETROLEUM LTD. (GKP.LN), an oil company focused on the Kurdistan Region of Iraq, said it has started its drilling campaign to explore deeper, yet untested horizons of the Shaikan field, which it operates.

Shares -1.75 pence, or 1.2%, at 150.25 pence.

FTSE Small-Cap -0.1%

AIM -0.2%

Write to Iain Packham and Jana Weigand at [e-mail]

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