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RNS Number : 2787C

Galileo Resources PLC

27 June 2016

 

 

 

For immediate release

 

Galileo Resources PLC  

AIM: GLR

 

27 June 2016

Galileo Resources Plc

("Galileo" or "the Company")

 

GALILEO EXECUTES EARN-IN AGREEMENT TO FARM OUT SILVERTON GOLD PROPERTY IN NEVADA USA

Galileo is pleased to announce that it has executed an Earn-In Agreement ("Agreement") with Orogen Gold plc ("Orogen") following completion of Orogen's due diligence covering the Silverton gold-silver property ("Property") in Nevada, USA, as envisaged under the terms of a previously signed Term Sheet announced in an RNS on 21 April 2016. Orogen will have the right to earn-in to an initial 51% interest in the Property by way of exploration expenditure of US$400,000 within 18 months and thereafter the possibility to spend an additional US$1,500,000 within 30 months to earn-in a further 24% interest, in total 75%, in the Property.

 

Galileo will have the right to participate pro rata after Orogen's initial 51% earn-in; should it exercise this right it would retain a 49% equity interest in the Property.  Refer to Summary of Terms of Agreement below for further details.

 

Highlights

·     Galileo executes Earn-In Agreement following Orogen's successful due diligence

·     Orogen has the right to earn an initial 51% interest in the Silverton Property over the 6km² claim area through exploration spend of US$400,000 over 18 months

·     Orogen may earn an additional 24% interest in the Property through a further exploration spend of US$1.5 million over a subsequent 30 month period

·     Galileo retains the right to participate pro rata after Orogen's initial 51% earn-in

·     Property site visit identifies new target with historic silver/gold workings along cross structure

·     Orogen commences focussed re-mapping and sampling programme to confirm sites for an initial diamond drilling  phase

·     Farm-out in line with Galileo's strategy of focusing its available resources on its South African copper project.

 

Andrew Sarosi, executive director commented: "We are pleased to have concluded this agreement with Orogen, which allows for an outside party to fund the exploration of Silverton. Orogen's due diligence, which included a site visit with Galileo, has already identified additional targets not only to the shear zone reported previously but also to targets not highlighted in the most recent reports and adds to the Company directors' belief in the overall prospectivity of the Property. Further news will be released as results from initial drill testing become available."

The Property

The Property comprises a block of 72 lode claims covering about 6km2 located northeast of Tonopah, Nevada USA, where historic exploration has discovered widespread gold mineralisation in a very prospective geological and structural setting.  For more technical details regarding the Property please refer to the RNS announcement of 21 April 2016.

 

Summary of Terms of Agreement

 

First Earn-In

•     Orogen shall spend US$400,000 on Exploration Expenditure within 18 months from the signature date of the Agreement to include a drilling component. On completion, Orogen will have a 51% undivided interest in the Property with Galileo holding the other 49% interest. If the full amount is not spent on exploration within the required period then Orogen shall have the right to transfer any shortfall in expenditure on the Property and such transfer will form part of the earn-in expenditure, provided that the shortfall does not exceed US$100,000. Any funds thus transferred will be used exclusively for approved exploration to complete the First Earn-In.

 

•     If Orogen by does not complete the Earn-In, or within 30 days of, the end of first Earn-In period, then the Agreement shall be dissolved, with no recourse by Orogen to investment capital and payments made.

 

Second Earn-In

•     Orogen may spend a further US$1,500,000 on exploration expenditure within 30 months commencing within 30 days of completion of the First Earn-in to earn a further 24% undivided interest in the Property, giving Orogen an aggregate 75% interest in the Property, at which point Galileo shall have a 25% interest in the Property. However Galileo shall have the right at its election to contribute pro rata to expenditure during the Second Earn-In to maintain its 49% interest in the Property.

 

•     If Orogen continues to sole fund during the Second Earn-In and the full amount is not spent on exploration within the required period then Orogen shall have the right to transfer any shortfall in expenditure on the Property and such transfer will form part of the Earn-In expenditure, provided that the shortfall does not exceed US$200,000. Any funds thus transferred will be used exclusively for approved exploration to complete the Second Earn-In. If Orogen spends a minimum of US$1,000,000 during the Second Earn-In period, but does not complete the full Earn-In expenditure, then it will earn a pro-rata additional interest in the Property. If Orogen fails to spend the minimum US$1,000,000 during the Second Earn-In period then its interest shall remain at 51%.

 

•     On completion of the First or Second Earn-In the parties may form a JV, pro rata their interest in the Property with contractual terms in line with this Agreement. The JV shall aim to advance and develop the Property towards commercial production including but not limited to bankable feasibility study. If either Party elects not to contribute pro rata its interest in the JV to production, such non-contributing Party's interest in the JV shall be subject to a straight-line dilution to a minimum 5% interest in the JV, at which time the non-contributing Party's interest shall be converted to a 5% net profit (before tax) interest.

 

•     Orogen, during First Earn-In and Second Earn-In shall be the Operator of all exploration work on the Property as long as it meets its requirements under the Agreement

 

•     Orogen and Galileo may assign or sell all or parts of their interest under the Agreement to any third party subject to the first right of refusal of the non-assigning Party, on the same terms and conditions of assign or sale to the third party.

 

•     Orogen may in its sole discretion terminate this Agreement at any time by giving not less than 30 (thirty) days prior written notice to that effect to Galileo.  

 

Technical Sign-Off

 

Andrew Sarosi, Executive Director of Galileo, holds a B.Sc. Metallurgy and M.Sc. Engineering, University of Witwatersrand, is a member of The Institute of Materials, Minerals and Mining and is 'qualified person' as defined under the AIM Rules for Companies and a competent person under the reporting standards. He has approved the release of this announcement.

 

About Galileo

 

Galileo Resources plc is a UK public company quoted on the London Stock Exchange AIM . The Company is focused on mineral exploration and development and is currently focussing on  the Concordia copper project in the renowned O'kiep Copper District of South Africa.  The Company has undertaken and continues to review and independently model the extensive historical data on the area, in which eleven prospective copper areas have been identified to date and of which five demonstrate considerable near-surface potential. 

 

Further details are available from the Company's website: www.galileoresources.com, including its Nevada gold-copper properties in the USA, its Glenover rare earth and phosphate project and the Concordia copper project respectively in the Limpopo and Northern Cape Provinces of South Africa. A copy of this announcement is also available on the website.

 

You can also follow Galileo on Twitter: @GalileoResource

 

For further information, please contact:

 

Andrew Sarosi, Executive Director	Tel +44 (0) 1752 221937 /020 7584 2155
Beaumont Cornish Limited – Nomad Roland Cornish/James Biddle	Tel +44 (0) 20 7628 3396
Beaufort Securities Limited – Broker Jon Belliss	Tel +44 (0) 20 7382 8416

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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RNS Number : 0037C

Image Scan Holdings PLC

23 June 2016

 

23 June 2016

 

IMAGE SCAN HOLDINGS PLC

 

("Image Scan" or the "Company")

 

(AIM: IGE)

 

Distribution agreement for mail scanning systems – first orders

 

Image Scan, the AIM-listed specialist supplier of X-ray screening systems to the security and industrial inspection markets, is pleased to announce that it has signed a distribution agreement for X-ray mail scanning systems with Todd Research, a leading manufacturer in the market. Furthermore, two orders totaling six systems have now been received.

 

Under the agreement Image Scan will make use of its well developed and extensive global reach into the security market to find new customers for the Todd Research range of mail and security scanning systems. These systems are widely used to perform X-ray inspection of incoming mail and packages in embassies and other government buildings, as well as company headquarters and industrial facilities. Typical threats that have been encountered through the mail include letter or parcel bombs and powder based attacks. Advance image enhancement tools provide high detection performance against such threats.

 

Todd Research is a leading company in this market with an installed base of over 600 systems.

 

In early wins for the new partnership, Image Scan can announce orders from Africa and Asia in the form of six units of the MailScan-M model, the mid-size cabinet scanner, to customers in these important markets.

 

Bill Mawer, Chairman and CEO of Image Scan, said: "I am delighted to be able to announce this important new agreement. Our sales team and the global network of partners give the Company exceptional reach and this agreement expands the product range that can feed through this extensive route to market."

 

Derek Gotts, MD of Todd Research said "We are pleased to have completed this agreement which is mutually beneficial and look forward to developing further new sales in a variety of territories as a result of this extended reach capability Image Scan deliver."

 

 

-ENDS-

 

For further information, please contact:

 

Image Scan Holdings plc                                                               Tel: +44 (0) 1509 817400

William Mawer, Chairman

Sarah Atwell-King, Company Secretary

ir@ish.co.uk

 

Cantor Fitzgerald Europe                                                             Tel: +44 (0) 207 894 7000

Rick Thompson / David Foreman / Michael Reynolds (Corporate Finance)

David Banks / Alex Pollen (Sales)

 

 

 

Todd Research, part of Supply Plus Limited                         Tel: +44 (0) 1480 832202               

Derek Gotts, Managing Director

Derek.gotts@supplyplus.com                                                  

 

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time X-ray solutions for use in the global Security and Industrial inspection markets.  The Company's Security portfolio includes the ThreatScan® range of portable bomb and suspect package detection systems; the Axis range of baggage inspection systems; and SVXi, a small vehicle inspection system.  The Industrial inspection solutions include the MDXi product range, cabinet X-ray systems for laboratories and production lines.  The Company was founded in 1996 and joined AIM in 2002.

 

For further information on the Company, please visit: www.ish.co.uk – and for further information on its products, please visit: www.3dx-ray.com

 

About Todd Research

Todd Research is part of the Supply Plus Group of companies focused on safety and security. Our customers range from Embassies around the world to many of the FTSE top 100 companies. We have been manufacturing X-ray equipment for over 60 years and developed the worlds' first X-ray scanner, designed specifically for mailroom security.  We have continued to develop our mailroom threat detection products to face challenges from terrorists and suspect packages alike.

Our knowledge of mailroom security enables our customers to protect themselves from powder threats, bomb threats and suspect devices.  Even hoax devices can disable an organisation causing significant losses in revenue.

For further product information please visit www.toddresearch.co.uk or www.supplyplus.com

 

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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RNS Number : 0890C

ADVFN PLC

23 June 2016

 

23 June 2016

 

ADVFN's Follow Feed gives stock market investors

their own big picture fast

– news feed tool enables investors to stay informed with exactly what

they want to know –

 

Follow Feed from ADVFN (LSE:AFN) cuts out market data overload to deliver the most vital and pertinent stocks information to private investors.

 

 

The newly launched free service highlights key events specifically for the stocks users want to know about. As investors browse the whole market, Follow Feed allows them to collect up the stocks that interest them; ADVFN's algorithms do the rest.

 

Presented in a straightforward timeline style and in a familiar social media format of news feeds, Follow Feed lets investors know up-to-the-minute about:

 

·  Price breakouts

•  High volume trades

•  Order book activity

•  News

•  Regulatory announcements

•  Broker ratings

•  Stock chat comments and traffic

 

Users can watch their full universe of global stocks with new events appearing at the top of their Follow Feed page as they happen in real time. They can easily look back through the feed list's timeline to see what has already occurred. Headlines of all the reports appear at the top of a single updating list, which users can keep an eye on, so they never forget or lose track of the key stocks they are interested in.

 

 

Investors only need to tag a company once by clicking the Follow Feed button on a quote, news article or other ADVFN page and the share will be tracked forever by ADVFN's algorithms. An investor no longer has to patrol the market for changes in the shares they care about. Instead they can sit back and survey exactly the market action they want to see, as it happens.

 

"Follow Feed is like the Facebook of finance; it is a breakout technology, easy-to-use and presented in a clear and concise format," said Clem Chambers, CEO of ADVFN. "Follow Feed cuts through the noise to keep investors one step ahead."

To find out more go to: Follow Feed Tutorial  

 

 

– ends –

NOTES TO EDITORS

About ADVFN

ADVFN (www.advfn.com) is a global stocks and shares information website providing market-leading financial tools and data to private investors around the world.

 

Offering real-time share prices, news feeds, charting, portfolio management, monitor lists, financials, data from 79 global stock exchanges, Level 2 and the most active financial bulletin board in the UK (along with many other features), the site is the destination of choice for day traders and retail investors.

Established in the last quarter of 1999, ADVFN (LSE:AFN) was floated on the London Stock Exchange's AIM market in March 2000. ADVFN began trading on the American OTCQX market under the symbol "IHUBY" in August 2014. The site currently has over three million registered users who generate in excess of 177 million page impressions a month.

Originally a UK-based site, the company currently operates in the US, UK, Brazil, Japan and Dubai. Global expansion has been a key area for ADVFN in recent years.

ADVFN has a joint venture in Brazil, a country in which ADVFN has a geographic and language targeted website. This is in addition to its US, French, German, Italian, Canadian, Japanese, Indian, Mexican and Filipino ADVFN financial sites.

In September 2006 ADVFN acquired InvestorsHub.com, a leading online investment community website in the North American market.

ADVFN bought AllIPO, an online IPO trading platform, as well as stock brokerages TSCTrade and Throgmorton Street Capital in July 2009.

In 2013 ADVFN acquired Finance Manila, a key resource in a rapidly growing market economy.

For further press information, please contact: Francesca De Franco on: 0794 125 3135 or email francescad@advfn.com

 

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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RNS Number : 7508B

APC Technology Group PLC

21 June 2016

 

21 June 2016

APC Technology Group PLC

("APC" or the "Group")

 

APC recognised in top 50 Cleantech growth companies list

 

APC Technology Group PLC (AIM:APC), the provider of technologies and services to improve organisational sustainability and provider of specialist electronic components, is pleased to announce that it has been recognised as one of the UK's high growth/high potential Cleantech companies in a list of the top 50 performers compiled by Cambridge Cleantech and KPMG.

 

The list comprises those companies that 'have developed beyond start-up and are showing real growth against a range of criteria from year-on-year revenue growth to higher staffing levels and internationalisation'.  

 

It highlights those organisations that are set to become the next generation of Cleantech growth companies.

 

APC Technology Group's inclusion on the Cambridge Cleantech top 50 list arises from the advances made by the Group in recent years to develop and deliver a range of sustainable products and services. It also reflects the Group's work with a wide range of blue chip clients.

           

Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:

 

"Since we launched the Minimise Group of companies to improve the sustainability and profitability of organisations through a range of energy efficiency and water management products and services, uptake has been excellent. We have seen significant growth in our customer base and in the solutions that we deliver.

 

"The Cleantech sector is growing rapidly and is increasingly important for the UK economy. I'm delighted that APC Technology Group has been recognised by Cambridge Cleantech and KPMG as one of the top 50 high growth companies. It's testament to the team's drive and innovation."

 

Enquiries:

 

APC Technology Group PLC	01634 290 588
Leonard Seelig, Chairman Richard Hodgson, Chief Executive	www.apc-plc.co.uk
Cantor Fitzgerald Europe Limited (Nominated Advisor and Broker)	020 7894 7000
Andrew Craig / Richard Salmond
Redleaf Communications (Financial PR)	020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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RNS Number : 3366B

Pennant International Group PLC

16 June 2016

 

                                                                                                           

 

16 June 2016

 

Pennant International Group plc

Contract Award and Trading Update

 

Second Contract Award from Lockheed Martin Mission Systems Corporation in H1 2016

&

Trading in both 2016 and 2017 now expected to exceed current market expectations

Pennant International Group plc ("Pennant"), the Aim quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce that its wholly owned subsidiary, Pennant Training Systems Limited, has been awarded a further contract with Lockheed Martin Corporation MST (LMC) the majority of which is scheduled for delivery in 2017. This follows the award of a contract for the development of training for aircrew and engineering staff announced on 5 February 2016 with an initial value of £0.2 million with an option for additional works which, if exercised by the LMC, would increase the aggregate value of the contract to in excess of £2.2 million.

The new contract is to provide a Rotary Wing Rear Crew Winch Trainer (RCWT) in support of Rear Crew Training for the United Kingdom Military Flight Training System (UKMFTS). The RCWT is a representative cabin of the Maritime Advanced Rotary Training Aircraft and will support all aspects of Winch Operator training.

Pennant's CEO Chris Snook said "This is a significant second contract win for Pennant from the Lockheed Martin Corporation this year. It represents very important repeat business from one of the world's leading aerospace and defence contractors and is proof positive of the skills, expertise and international reputation of the Group. We look forward to further developing the relationship and to delivering a training solution that will ensure that Winch personnel are trained safely and effectively."

Trading Update and Outlook

Following today's contract announcement and the phasing of other recently announced contract awards, the Group's Order Book now stands at more than £45 million with delivery currently scheduled as to £17 million in FY2016, £18 million in FY2017 and £10 million in FY2018. The fulfillment of the order book will absorb additional working capital. As a result, and being mindful of other future growth opportunities, the Directors believe that it is in the Company's best interests to retain cash and therefore have decided to suspend the payment of dividends until further notice.

The Company expects to return to profitability in the six months ending 30 June 2016, an outcome which is significantly better than the equivalent period last year.  In addition, the Directors expect a further substantial improvement in trading in the second half and, based on the level of the confirmed order book, are confident that trading will exceed current market expectations for each of the financial years ending 31 December 2016 and 2017.

Results for the six months ending 30 June 2016 are expected to be released in the second half of September 2016.

 

Enquiries:
Pennant International Group plc	www.pennantplc.co.uk
Phil Walker, CFO	+44 (0) 1452 714 914
Chris Snook, CEO	+44 (0) 1452 714 914
WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe	+44 (0) 117 945 3470
Walbrook PR	www.walbrookpr.com
Paul Vann / Tom Cooper	+44 (0) 117 985 8989 Mob: 07768 807631

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 2524B

Galileo Resources PLC

15 June 2016

 

 

 

 

For immediate release

 

15 June 2016

Galileo Resources Plc

("Galileo" or "the Company")

 

Update on Concordia Copper Project

 

Galileo (AIM: GLR), the exploration and development mining company, is pleased to announce significant positive progress with its initial independent study (as prepared by Minxcon Consulting) on the Concordia Copper project (the "Project" or "Concordia") in the OKiep Copper District in the Namaqualand Complex in the Northern Cape Province of South Africa.

 

Highlights

·     Raw data review confirms prognosis for large-scale copper targets at Concordia

·     Four areas confirmed previous estimates and have been announced

·     In total eleven areas have been identified, at least five of which demonstrate considerable near-surface potential

·     Data package available allowed detailed modelling techniques not available in the early 1970s

·     Low-cost ground investigation comprising detailed mapping, induced polarisation (IP) geophysics and geochemistry planned for next exploration stage

·     The review has identified tungsten potential in historical mining areas.

 

Colin Bird, Chairman and CEO said: "When we embarked on this exercise we were optimistic that our current view would be confirmed independently. This view has now been confirmed and extended to other areas in Concordia with five areas showing significant potential for meeting our target criteria. We expect to complete phase 1 (desktop study) in early July and immediately progress to ground-truthing and possibly resource modelling with current available data. A bonus of this exercise has been the discovery of wolframite   trends on the property; wolframite being a primary ore mineral of tungsten, the current 180-day ore price of which is up by some 10% to date."  (source http://www.asianmetal.com/TungstenPrice/Tungsten.html)

 

Galileo is currently nearing the end of a desktop study of their Concordia Copper Project aimed at confirming historical prospective areas and identifying additional targets for assessment. Eleven promising high priority target areas have been identified based upon modern re-interpretation of existing historical data and include the four areas, on which previously announced high-level non-compliant resource estimation work has been conducted. These areas all represent known copper deposits or occurrences and, based upon existing data, have the potential for strike and or dip extensions. At least five of these areas are targeted for potential shallow, near surface, open-pittable copper ores. The Company's immediate exploration strategies for each target, include historical data assimilation, possible resampling of previous core, data ground-truthing comprising mapping, IP geophysics, confirmation drilling and additional extension drilling with the aim of generating compliant Mineral Resource estimates for the Project. In addition, the Concordia area is also known for its wolframite deposits. Galileo have noted the existence of numerous shallow wolframite deposits on its property, most of which were also historically mined at surface or at shallow depth. Galileo intends to conduct an assessment of these in due course as well.

 

Concordia Project   

The Project is located in the Okiep Copper District (OCD), within the Bushmanland mobile belt in the Namaqualand region of the Northern Cape Province of South Africa. The OCD is approximately 600 kilometres (km) (370 miles) from Cape Town and the town of Concordia is within 30 km of the town of Springbok.

 

The Project area and prospecting license covers a little more than 36 000 hectares (360 km2) on the farm Concordia (ERF 1251) some 15 km north east of the closed O'Kiep copper mine, which at one time was the  2nd largest copper producer in southern Africa after the  Phalaborwa copper mine (still in production)  in the Limpopo Province.

 

The OCD has been subjected to intense geological and geophysical exploration over the past 55 years to 1998. While this exploration included 1300 km, of which 133 000 metres (m) were in the Project area, the focus of this historic drilling targeted high grade underground deposits that were emplaced at depth within steeply dipping structures comprising basic rocks of anorthosite, diorite and norite of the major Koperberg (Old Dutch – copper mountain) Geological  Suite (KS) .  

 

Excellent outcropping of the KS and associated sympathetic geophysical anomalies made locating these copper bearing deposits relatively easy. These easily located deposits are now all but depleted

 

Total production and known reserves from these deposits as at 1985 was 2 Mt (million tons) of Cu from/within 27 separate localities over an area of around 3000 km2.

 

The total production plus reserves for the period 1940 to 1979 is 95 Mt @ 1.75% Cu with individual mines including Okiep, Spektakel, Carolusberg, Nababeep and Concordia, ranging in production from 0.2 Mt to 37 Mt. 
 

The mined and known copper deposits are confined to the Koperberg Suite, the youngest major group of intrusives in the district, which occurs as swarms of generally irregular, easterly trending, steep north dipping, dyke like bodies, usually 60 to 100 m wide, and seldom exceeding 1 km in continuous strike length. The Koperberg suite bodies are found within narrow linear antiformal structures (locally called 'steep structures') along which the continuity of the adjoining 'intruded' Namaqualand Metamorphic Complex rocks has been interrupted by piercement folding and faulting. In places pipe-like bodies of 'mega-breccia' that generally lie along these structures are hosts to the Koperberg Suite. Steep structures, 'mega-breccias' and the Koperberg Suite all post date the major fold events. 

 
The Koperberg Suite comprises mainly basic rock types of diorite, anorthosite and norite in order of decreasing abundance. Many of the Koperberg Suite bodies are entirely uniform, while others are composite. There is some evidence for initial anorthosite, followed by progressively more basic types. The copper is associated with the more basic lithologies.

The copper sulphides, mainly chalcopyrite (CuFeS2) and bornite (Cu5FeS4) with subsidiary chalcocite (Cu2S), range from fine disseminations, to coarse granular, to vein aggregates, to local massive concentrations. Pyrite (FeS2) is widespread but in small amounts, sometimes containing traces of cobalt. Pyrrhotite (~FeS) is present in some orebodies, with associated pentlandite (NIFeS) , while minor galena (PbS)  and sphalerite (ZnFeS) is found in others.

 

The sulphides post-date silicate and oxide minerals and are present in a number of forms including, interstitially between silicate grains; as granular aggregates with silicates; along cleavage planes of hypersthene and mica; and replacing Fe-Ti-oxides. Localised hydrothermal alteration of hypersthene around sulphide grains is a conspicuous feature in little altered host rock.  

 

General

 

Galileo has the right to earn-in a 51% beneficial interest in the Concordia copper project, by way of 51% beneficial shareholding in Shirley Hayes IPK (Pty) Ltd ("SHIP") on expenditure of ZAR10million (approximately GBP500 000) over 14 months on exploration and development. SHIP holds the copper prospecting rights to the 36,373-hectare (364 km2) Project Area in the OKiep Copper District in the Namaqualand Complex in the Northern Cape Province of South Africa. Galileo continues to review the Data Base, which comprises extensive geological exploration data including mapping sampling, geophysics, and some 1 300km of drilling from previous exploration by others including OCC in the Okiep Copper district and the Project Area.

 

 

Technical Sign-Off

Andrew Sarosi, Director of Galileo, who holds a B.Sc. Metallurgy and M.Sc. Engineering, University of Witwatersrand and is a member of the Institute of Materials, Minerals and Mining, is a "qualified person" as defined under the AIM Rules for Companies and a competent person under the reporting standards. The technical parts of this announcement have been prepared under Andrew's supervision and he has approved the release of this announcement.

 

 Further details are available from the Company's website which details the company's project portfolio as well as a copy of this announcement: www.galileoresources.com

 

ENDS

You can also follow Galileo on Twitter: @GalileoResource

 

For further information, please contact:

 

Galileo Resources PLC Colin Bird, Chairman	Tel +44 (0) 20 7581 4477
Andrew Sarosi, Executive Director	Tel +44 (0) 1752 221937
Beaumont Cornish Limited  – Nomad   Roland Cornish/James  Biddle	Tel +44 (0) 20 7628 3396
Beaufort Securities Limited – Broker Jon Belliss	Tel +44 (0) 20 7382 8416

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 0973B

Altitude Group PLC

14 June 2016

 

 

Altitude Group plc

("Altitude", the "Company" or "Group")
 

Enterprise Level Technology Agreement

 

Altitude Group plc, the provider of innovative technology solutions for small to medium sized businesses, is pleased to announce that its wholly owned subsidiary, Customer Focus Software Inc., has agreed a partnership with Aprinta Group ("Aprinta") based in Rochester, NY, USA, a leader in the provision of screen printing and promotional product supply to distributors, based in North America (the "Agreement").

Under the terms of the Agreement, Altitude will provide a technology solution to create over one million linked websites for Aprinta's distributor customers. Each of these e-commerce enabled sites will be automatically branded with the customer's logo or design using technology from the Group's Interactive Imaging business, including the patented ArtworkTool solution.  In addition, Altitude will provide Aprinta with full visibility and editorial control across the entire customised website structure.

In return, Altitude will receive a share of the gross margin on revenue generated through the new website structure.

The agreement is for an initial five-year term, with automatic renewal for a further five years. The Directors expect the first websites to be in place towards the end of Q3 2016 and that the Agreement will not have an impact on the Group's results for the current year.

Peter Hallett, Non-Executive Chairman of Altitude, said "The estimated 130,000 promotional product salespeople in the USA previously had to rely on slow and expensive legacy solutions to provide a custom website for each of their customers, and this provided a barrier to growth in online trading for promotional products. Once Altitude generated websites go live, an improved overall experience will be available online and on demand, with a custom online store created in three clicks, and an engaging shopping experience delivered with full e-commerce capability in under a minute.

"We have previously announced that we were exploring ways to increase shareholder value by leveraging our comprehensive suite of protected and proprietary applications, and that our preference was to seek a share of revenue rather than a flat monthly fee for our services.  This is the first of a number of such opportunities that we are working on.

"The Agreement fully aligns us with Aprinta's strategy and we are delighted to have agreed terms on this partnership. Not only will we provide the linked websites, but we will also deliver product visualisation and production ready artwork as well as a CRM/ERP solution to ensure an optimal customer experience with a high level of operational efficiency. This click to shiptm partnership model is a new innovation and has potential in other markets, whichwe plan to address."

Billy Dolan, Chief Executive of Aprinta Group, said, "We have had this vision for three years and have looked at every option to find a technology partner that not only understood the personalised product space in fine detail, but also had every element of the technology we needed to make this a success by accommodating a significant transition of the industry to an online model. The revenue share arrangement ensures we are all incentivised to deliver this solution to distributors in the USA's $22 billion market place.

"We have over half a million square feet of production space in Alexander City, Alabama alone, with additional facilities in Rochester, New York and Los Angeles, California giving us the largest capacity for screen printing in the USA.  We also have plans to double this over the next 12 months by adding new equipment and upgrading existing machinery. There is no other company with the capacity to print, pack and ship 500,000 t-shirts and 500,000 pens from the same facility within two days."

 

Enquiries:

Altitude Group plc

Peter J Hallett (Non-Executive Chairman)

Tel: 07887 987469

 

WH Ireland Limited (Nominated Adviser and Broker)

Tim Feather

Liam Gribben

Tel: 0113 394 6600

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 0701B

Crimson Tide PLC

14 June 2016

 

 

CRIMSON TIDE PLC

 

("Crimson Tide" or "the Company")

 

MPRO5 CONTRACT WIN

 

Crimson Tide (TIDE), the AIM-quoted provider of mpro5 – Smart Mobility as a Service, has secured an additional contract worth at least £250,000 over its term with Interserve, the international support services and construction group.

 

After reviewing its requirements, the customer has decided to replace some systems currently used, consolidating several activities into mpro5's fully hosted, cloud-based, paperless recording platform for optimal reporting by employees on the move. The three-year contract has potential to increase to £360,000 in value.

 

The customer will use mpro5 for mobile scheduling, reporting and auditing of workflow and activities over several work streams that are currently served by legacy providers. The work will optimise the customer's own productivity and its services to a number of blue chip, household name businesses and organisations, variously engaged in retail, transport, broadcasting and other activities.

 

Users of mpro5's enterprise mobile solutions pay a monthly subscription for mobile devices, software, cloud infrastructure, installation and support required by their out-of-office teams. This makes for easy initial adoption, often followed by wider internal take-up as the performance benefits are established.

 

Barrie Whipp, Executive Chairman, commented: "We are happy to extend our service provision for this industry-leading, international company with whom we have worked for many years.

 

The order underpins the 'organic' take-up of the technology that forms part of our business model and is a further endorsement of our smart mobility software as a service (SMaaS) and its benefits in enhanced staff performance, efficiency and cost reduction. mpro5 provides a highly flexible, fast and responsive platform to optimise productivity and minimise risk, and our customers find our service an extremely useful building block in their growth and progress."

For further information, please see www.crimsontide.co.uk / www.mpro5.com or contact: 

Crimson Tide plc

 Barrie Whipp                                    01892 542 444

 Steve Goodwin

 

W.H. Ireland Limited

 James Joyce /                                   020 7220 1666

 James Bavister   

 

Allerton Communications

Peter Curtain                                     020 3137 2500

                                                             peter.curtain@allertoncomms.co.uk

 

Notes to editors

Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 – Smart Mobility as a Service (SMaaS).  mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.

Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world-class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.

mpro5 is a platform-agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.

mpro5 not only helps people improve their day-to-day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to  listen, share and find the best solution for all mobility needs.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 5148A

APC Technology Group PLC

08 June 2016

 

8 June 2016

 

APC Technology Group PLC

("APC" or the "Group")

 

Launch of Internet of Things (IoT) business unit

 

APC Technology Group PLC (AIM:APC), the provider of technologies and services to improve organisational sustainability and provider of specialist electronic components, has launched APC Smartwave to consolidate its existing comprehensive range of Internet of Things (IoT) products under one banner to capitalise on the huge potential of the IoT marketplace. This is a natural extension of the Advanced Power Components offering, providing products and technologies that improve connectivity and help increase operational performance for customers.

 

APC Smartwave will provide a combined IoT and Cleantech offering, with products including sensors, display products, computing solutions, wireless products, LED components and energy harvesting and storage technologies.  It will operate as part of the Advanced Power Components division and has already established on-going relationships with leading IoT component suppliers including Advantech, Adeunis, Libelium and Zentri. APC Smartwave offers flexible and scalable IoT solutions backed by engineer-to-engineer expertise and technical support

               

Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:

 

"Internet of Things technology is transforming the way we live and work. By connecting everyday objects and enabling them to exchange data, the opportunity for improved efficiencies and cost savings is vast.

 

"We have already made encouraging progress in this space despite the market being in its relative infancy, and with the number of connected devices set to more than treble by 20201, we expect demand for Smartwave's IoT products to continue to grow.

 

"I am particularly pleased that this initiative is being delivered by existing resources and is as a result of greater focus on the products and solutions that we already have around the Group rather than through the addition of more overhead or investment."

 

1         Gartner

 

Enquiries:

 

APC Technology Group PLC	01634 290 588
Leonard Seelig, Chairman Richard Hodgson, Chief Executive	www.apc-plc.co.uk
Cantor Fitzgerald Europe Limited (Nominated Advisor and Broker)	020 7894 7000
Andrew Craig / Richard Salmond
Redleaf Communications (Financial PR)	020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 9666Z

Beowulf Mining PLC

02 June 2016

 

 

 

2 June 2016

 

Beowulf Mining plc

("Beowulf" or the "Company")

Åtvidaberg nr 1 Swedish Exploration Licence Awarded

 

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development Company focused on the Kallak magnetite iron ore project in northern Sweden and its graphite portfolio in Finland, is pleased to announce that the Mining Inspectorate of Sweden has awarded the Company an Exploration Licence for Åtvidaberg nr 1, with the Company focusing on the prospect of polymetallic discoveries.

Overview

·   The licence area covers 225 square kilometres ("km2") and is located in the Bergslagen area, southern Sweden.  The licence is valid for 3 years from the 30 May 2016.

·   Bergslagen is one of Europe's oldest mining districts and yielded a substantial portion of Sweden's mineral wealth in the 1800-1900s, with a number of large mines and hundreds of smaller mines producing copper, zinc, lead, gold, silver and iron ore.  Current operating mines in the area include Boliden's Garpenberg and Lundin Mining's Zinkgruvan.

·   Most of southern Bergslagen has seen little modern exploration, yet it hosts Bersbo, one of Sweden's largest early copper mines, and Zinkgruvan, Sweden's most important zinc mine. 

·   Other than at Zinkgruvan, exploration activity in Bergslagen has predominantly focused on finding new outcropping ore bodies. Some historic mining areas have not been mapped here since the early 1900s. 

·   The ore types that Beowulf is exploring for are amenable to modern exploration methods, and the Company hopes to build a detailed picture of what lies at shallow depth.  The southern Bergslagen district comprises strong potential for the types of Volcanic Massive Sulphide ("VMS") deposits typical to the area, namely exhalative style, exemplified by the nearby Zinkgruvan mine, and replacement-reaction style, exemplified by the Falun mine.

·   Beowulf has created a Geographic Information System ("GIS") Database, capturing significant historical data for the area. Beowulf has also established an expert team who are familiar with the area, geological setting, and style of deposit we are exploring for.

Kurt Budge, CEO, commented:

 

"We are delighted to have been awarded an Exploration Licence for Åtvidaberg nr 1, maintaining our Nordic focus, while adding some commodity diversification to our asset base.

"We are reaffirming our commitment to doing business in Sweden, re-building our exploration activities with such an exciting prospect in the country. It's often said that the best place to explore is next to a producing mine, and that is the potential offered by Åtvidaberg, benefited also by its location in an established mining jurisdiction, with access to infrastructure and a highly skilled workforce.

"With both our graphite portfolio in Finland and polymetallic focus with Åtvidaberg, we are focused on 'intelligent exploration'. This includes managing our costs, understanding all the historic data that is available, efficiently committing resources to fieldwork to develop our knowledge base, to eventually define the best possible targets for drilling. 

"The Company already has personnel in the field conducting an initial 'brainstorming' assessment of priority targets, and an off-site expert team is analysing various aspects of the GIS database. The findings of these activities will inform our work for a second field programme later this summer.

"The board and I look forward to updating the market in due course on our progress."

Please use the following link to hear an interview with Kurt Budge, CEO:

http://www.brrmedia.co.uk/broadcasts-embed/574f139b4c64e59e61dc67de/event/?popup=true 

 

Competent Person Review

The information in this announcement has been reviewed by Mr. Rasmus Blomqvist, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. 

Mr. Rasmus Blomqvist has sufficient experience, that is relevant to the style of mineralisation and type of deposit taken into consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves"

Mr. Rasmus Blomqvist has conducted a desktop review of source documents and data which underpins the technical statements disclosed herein and approves the disclosure of technical information in the form and context in which it appears in this announcement, in his capacity as a Competent Person, as required under the AIM rules. It should be noted that the technical disclosure herein, for which the Competent Person takes responsibility, is based on desk-top review of historical documents only, and no data verification works or project inspections have been carried out by the Competent Person at this time. 

Mr. Rasmus Blomqvist is a full-time employee of Oy Fennoscandian Resources AB, a 100% owned subsidiary of Beowulf.

 

Enquiries:

 

Beowulf Mining plc
Kurt Budge, Chief Executive Officer	Tel: +44 (0) 20 3771 6993
Cantor Fitzgerald Europe (Nominated Advisor & Joint Broker)
Stewart Dickson / Phil Davies / Carrie Drummond	Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe / Megan Ray	Tel: +44 (0) 20 7138 3204

 

 

Cautionary Statement

 

Statements and assumptions made in this document with respect to the Company's current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of Beowulf. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where Beowulf operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) Beowulf's continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards iron ore. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. Beowulf assumes no unconditional obligation to immediately update any such statements and/or forecasts.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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