The tech-focused investment company acquired 1.5mln shares in Sure Ventures from existing Sure shareholders at a price of 130p a share.
The total consideration of £1.95 million will be satisfied through the issue of 14.39mln Pires shares.
12.55pm: Bidstack achieving success in Football Manager 21
Bidstack Group PLC (LON:BIDS) rose 9.4% to 7.66p after it trumpeted some impressive traffic figures for its in-game advertising technology.
The company, which has technology that places genuine adverts within computer games in locations – e.g. Picadilly Circus, football stadia – where they might feature in “real life”, has announced the first results of its collaboration with Moat by Oracle, sharing verified general invalid traffic (GIVT) figures from a campaign featured in Football Manager 21 in the United Kingdom.
Moat’s preliminary analysis of Bidstack’s PC inventory compared to Moat’s Global third-quarter 2020 display benchmarks suggests Bidstack’s overall PC GIVT is currently performing around 3.5 times better than the industry benchmark of 2.9% GIVT.
11.45am: Rainbow Rare Earths on the rise after first batch of Phalaborwa assay results
Rainbow Rare Earths PLC (LON:RBW) climbed 8.9% to 12.09p after announcing the first batch of assay results of drilling at the Phalaborwa Rare Earths Project.
The company highlighted an average in situ grade of 0.50% total rare earths oxide (REO) and an average in-situ combined grade of 0.15% Neodymium and Praseodymium oxide, representing 29.7% of the TREO grade reported in the rare earths basket.
The Phalaborwa project is located in South Africa.
10.50am: Bezant rocks higher after completing acquisition of the Kanye Manganese Project
The acquisition of Metrock brings with it ownership of the Kanye Manganese Project in Southern Botswana.
“We have commenced planning an initial exploration programme involving reconnaissance fieldwork and trenching and drilling as appropriate,” said Colin Bird, the executive chairman of Bezant.
9.55am: Goldstone on the rise after it receives permit in Ghana
Goldstone Resources PLC (LON:GRL) rose 7.2% to 11.15p after it was granted an environmental permit for the Homase South Pit with its AKHM project.
The permit will enable the company to begin construction of the project.
The board expects mining and construction operations at the project to commence imminently, with an estimated timeline for the first gold pour being within two months.
9.00am: Jet2 follows up May cash call with another share issue
The company placed shares at 1,180p. The money will be used to help cushion losses from air travel and foreign holiday disruption sparked by the coronavirus pandemic.
The company, formerly known as Dart Group, said after the market closed yesterday that as at the end of January, it had cash of £479mln, excluding money held for holidays or flights paid for but not yet taken.
From the amount raised, you will deduce that this John Lewis is not the partnership that owns the eponymous department stores and Waitrose supermarkets.
The Hungerford-based manufacturer and retailer of kitchens and furniture said the funds raised will be used for general working capital purposes.
Proactive news headlines
FastForward Innovations Ltd (LON:FFWD) said it has invested A$1mln in a placing undertaken by Little Green Pharma Ltd (ASX:LGP), a medicinal cannabis business that supplies the Australian and overseas markets. In a separate announcement late on Thursday afternoon, FFWD said another company in its portfolio, Portage Biotech Inc, has announced its research and development goals for 2021.
Mode Global Holdings PLC (LON:MODE) said it has officially launched the Android version of its popular financial app as it revealed Bitcoin trading volumes on the platform had increased by 130% month on month.
Faron Pharma PLC (LON:FARN) has raised €15mln from an accelerated share placing that will be used to fund its work in the clinic.
Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company, said the acquisition of Metrock Resources, announced last month, has now completed. The company also announced that the application for the exclusive prospecting licence (EPL) 7170 has been successful.
Zephyr Energy Plc (LON:ZPHR) has revealed some details of analysis of the Paradox project, following the initial findings of the State 16-2 well.
MGC Pharmaceuticals Ltd (LON:MXC, ASX:MXC), as the first and currently only medicinal cannabis company to be listed on the London Stock Exchange, is presenting at an investor webinar at 10am today. Chief executive Roby Zomer and executive chairman Brett Mitchell will be presenting and answering questions from attendees.
Oriole Resources PLC (LON:ORR) said 16.875mln new ordinary shares will be issued following an exercise of warrants. They will be admitted to trading on AIM on February 17, 2021, with an exercise price 0.68p apiece.
Landore Resources Limited (LON:LND) announced that it has received a notice to exercise warrants over a total of 500,000 ordinary shares, for which the company has recieved funds of £100,000.
Remote Monitored Systems plc (LON:RMS) provided details for shareholders wishing to view general meeting today at 1pm, as shareholders have not been permitted to attend due to government coronavirus restrictions. The company said will be no opportunity to ask questions and voting on the resolutions today will be by poll.
Tower Resources PLC (LON:TRP) announced that it has updated its website to reflect the latest information regarding its 50% share in the Algoa-Gamtoos license in South Africa, as anticipated in its announcement of February 8, 2021. The website update contains additional information and diagrams which could not be included in the earlier RNS.
Evgen Pharma PLC (LON:EVG) announced that it is posting a circular to shareholders in relation to its proposed fundraising, including the notice of general meeting, a proxy voting form and an open offer application form. The meeting will be held at 10am on March 3. No shareholders other than the minimum number of board members will be able to attend and so shareholders are requested to complete the form of proxy by the relevant time.
Ariana Resources PLC (LON:AAU) has today published a Q&A document on its website in relation to the circular that was posted to shareholders on February 8, 2021. The Q&A document clarifies certain points concerning the proposed reduction of share capital via a cancellation of the company’s share premium account, the cancellation of the deferred shares and the authority for the company to buy back shares.