![]() ![]() Rockhopper's share of Sea Lion costs from transaction completion up to the final investment decision will be funded through a loan from Navitas with interest charged at 8% per annum.Īs for Pathfinder, its shares rose 23% to 0.675p after an update on its dispute concerning mining concession 4623C in Mozambique. Rockhopper leapt 62% to 8.415p after Navitas (ASX:NVT) Petroleum effectively took over from Harbour Energy (LSE:HBR) PLC as Rockhopper’s partner in the development of the Sea Lion prospect in the waters surrounding the Falkland Islands. ![]() It was a busy week for the resource sector, with oil companies Rockhopper Exploration PLC (AIM:RKH) and mining companies Pathfinder Minerals (AIM:PFP) PLC and Atlantic Lithium Ltd to the fore. Shares in Live Company were up 25% to 4p. If you do not know what K-pop is, you have my congratulations it is short for Korean popular music. The event is a joint venture between Live Company’s 50%-owned K-Pop Europa subsidiary, Deutsche Bank Stadium, PK Events and Seoul Broadcasting Service. One company that will be keeping a close eye on government policy – albeit in Germany – regarding lockdown restrictions is Live Company Group PLC (AIM:LVCG), which this week confirmed the K-Pop festival ‘KPOP.Flex’ will take place in Frankfurt, Germany on. The shares were up 65% at 67p in the week that the government signalled its concerns about the spread of the Omicron variant in the UK. The kit is a rapid molecular diagnostic test that delivers positive results as quickly as 7 minutes and thirty seconds and negative results at 17 minutes, genedrive told investors. The next best riser was genedrive, the molecular diagnostics company, which revealed its rapid point of care Genedrive COV19-ID Kit has received CE-IVD certification under the European Communities Council Directive 98/79. The shares shot up by two-thirds to 79.5p after the board of the communications group recommended an 81.5p cash offer from Xplorer that values the company at £39.9mln. The core focus of funds managed by Xplorer Capital Management LLC is to invest in emerging and disruptive technologies that transform traditional industries on a global scale.Cloudcall Group PLC was the week’s top riser after getting taken out by a group of funds managed and advised by Xplorer Capital Management. Xplorer Capital Management LLC is a global technology investment firm based in Silicon Valley, California with approximately $500 million under management. The acquisition values the entire issued and to be issued ordinary share capital of CloudCall at approximately £39.9 million on a fully diluted basis and is expected to complete in the first calendar quarter of 2022. Under the terms of the acquisition, CloudCall shareholders will be entitled to receive 81.5 pence for each CloudCall share in cash. The proposed acquisition was announced on 9 December 2021. Slaughter and May is advising Xplorer Capital Growth I, LLC (“ Xplorer Capital”), a newly formed entity owned and managed by funds advised by Xplorer Capital Management LLC on its recommended cash offer for the entire issued and to be issued ordinary share capital of CloudCall Group plc (“ CloudCall”). ![]()
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