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Secure Property Development & Investment Plc rises 19% to 12.50p a share
SPDI announced today it entered into a conditional implementation agreement for the sale of its property portfolio, excluding its Greek logistics properties, for an implied €29.25 million valuation - 95% premium to SPDI's total current market capitalisation.
Arcona is an Amsterdam-listed company that invests in commercial property in Central Europe, that will purchase the portfolio via the issue of 2,102,804 new shares in Arcona and the transfer of existing senior debt over the related properties totalling c.€30 million
Lambros Anagnostopoulos, Chief Executive Officer of SPDI, said: “For our shareholders, we gain exposure to a Property Fund listed in Amsterdam which as a result of the deal will increase in size from ~€94.8 million to ~€161 million and its Net Asset Value from €41.9 million to €78 million, and which is generating substantial cash and issuing dividends to its shareholders.”
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Orosur Mining rises 18% to 6.55p a share
OMI announced today that its wholly-owned Uruguayan subsidiary, Loryser S.A., has reached a payment plan agreement with creditors in Uruguay.
“The Agreement contemplates that net proceeds from the sale of Loryser’s assets in Uruguay together with the issuance of 10 million common shares of Orosur shall fully satisfy all amounts owing to Loryser’s creditors as well as provide funds for Loryser to conduct this process and close operation responsibly.”
Per the agreement, Loryser would manage the process, to be completed within two years.
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DX Group rises 10% to 9.96p a share
DX. is a provider of delivery solutions, including parcel freight, secure, courier and logistics services, and has recently brought on new management to turn around the business.
In an AGM statement, Ron Series, Executive Chairman said: "We are encouraged by the turnaround both operationally and with new business development at DX Freight, which includes our irregular dimension and weight and logistics activities.”
He added: "We remain on track with our Turnaround Plans, and expect to report on further progress at the time of our interim results."
Read more here & follow DX. here:
Hummingbird Resources rises 10% to 23p a share
HUM , the African gold producer, released the second set of drill results from their exploration campaign in Mali last week.
The company aims to transform its resources into reserves and eventually extend the life of their Yanfolila Gold Mine.
The results show high-grade potential at Yanfolila’s Gonka Deposit given the notable number of wide and high-grade drill intercepts.
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