Risk warning: The value of investments and derived income can fall. Investors may get back less than they invested.

Live Company Group Plc – Launch Of Bricklive Kids In China

LVCG is pleased to announce the launch in China of BRICKLIVE Kids, the latest venture in the expansion of the BRICKLIVE brand.

 

BRICKLIVE Kids will be a permanent childcare crèche, where children can enjoy BRICKLIVE’s classic brick pits in a space of around 100sqm, and will have the safety of full time supervision whilst parents go shopping.

 

A five-year non-exclusive contract has been signed by Bricklive Centre Education Technology (Beijing) Co. Ltd, Bricklive Group’s joint venture partners in China, with Zhuang Xiang Education Consultant (Beijing) Company Ltd.

 

The first BRICKLIVE Kids will launch at the end of 2018 at New Yan Sha mall in Beijing, China, with plans to launch 5 additional BRICKLIVE Kids locations over the next 5 years.

 

David Ciclitira: Executive Chairman at Live Company Group, said: “The BRICKLIVE brand continues to prove its versatility and BRICKLIVE centres now feature in cities around the world in venues ranging from ski resorts to shopping malls. LEGO® bricks are used throughout Chinese educational practices and so to be able to tap into the awareness of how it can help children is a prospect we relish and one we are sure will be a huge success.”

 

Enquiries:

Live Company Group Plc

David Ciclitira                                                                           Tel: 020 7225 2000

 

Stockdale Securities Limited

Richard Johnson / Edward Thomas                                           Tel: 020 7601 6100

 

Shard Capital Partners LLP

Damon Heath                                                                           Tel: 0207 186 9950

 

W Communications, PR agency

James Porter                                                                            Tel: 07568 514 244

 

 

About the Company:

 

Brick Live Group

Brick Live is a network of partner-driven fan-based shows using BRICKLIVE-created content worldwide. It owns the rights to BRICKLIVE – interactive experiences built around the creative ethos of the world’s most popular construction toy – LEGO®. BRICKLIVE actively encourages all to learn, build and play, and provides an inspirational central space where like-minded fans can push the boundaries of their creativity. Brick Live Group is not associated with the LEGO Group and is an independent producer of BRICKLIVE.

 

Parallel Live Group

Parallel Live was founded by David Ciclitira in 2015 and owns the rights to promote BRICKLIVE in the USA. It will be responsible for running and promoting those events. Including the location hire, event design, event construction, advertising and marketing, media planning, website design, event management, public relations and ticket sales, while Lego Systems, Inc will provide some of the content.

 

Website:           www.livecompanygroup.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com

 

Paternoster Resources Plc – Directors’ Dealings

Paternoster Resources Plc announces that it has been informed of dealings on 25 May 2018 by Nicholas Lee, Chairman, in the Ordinary Shares of 0.1 pence (“Shares“) in the Company.

 

Mr Lee has purchased 10,000,000 Shares at a price of 0.111 pence per Share.

 

The table below sets out the total shareholding and interests of Mr Lee in the share capital of the Company:

 

 

 

 

Directors

Ordinary Shares Total Shares % of Issued Share Capital
Direct Indirect*
Nicholas Lee 4,250,000 21,764,706

 

26,014,706 1.45

 

* shares held in SIPP

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For more information, please contact:

 

Paternoster Resources plc:                                                        +44 (0) 20 7580 7576

Nicholas Lee, Chairman

 

Nominated Adviser:                                                                  +44 (0) 20 7628 3396

Beaumont Cornish

Roland Cornish/Rosalind Hill Abrahams/Felicity Geidt

 

Joint Broker:                                                                             +44 (0) 20 7186 0050

Shard Capital Partners LLP

Damon Heath

Erik Woolgar

 

Joint Broker:

Peterhouse Capital Limited                                                       +44 (0) 20 7562 3351

Lucy Williams

 

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

Name

 

 

Nicholas Lee

 

2

 

Reason for the notification

 

a)

 

 

Position/status

 

 

Chairman

 

b)

 

 

Initial notification /Amendment

 

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

 

Name

 

 

Paternoster Resources Plc

 

b)

 

 

LEI

 

 

 

 

2138005S1G2RM953YX87

 

 

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 

 

 

 

a)

 

 

Description of the financial instrument, type of instrument Ordinary Shares of 0.1p each
Identification code

 

ISIN: GB0001636918

 

b)

 

 

Nature of the transaction

 

 

Purchase of Shares

 

 

c)

 

 

Price(s) and volume(s)

 

 

 

 

Price(s)

 

 

 

 

Volume(s)

0.111p 10,000,000
 

d)

 

 

 

 

 

 

 

 

 

Aggregated information

– Aggregated volume n/a
– Price n/a
e)

 

 

Date of the transaction

 

 

25 May 2017

 

 

f)

 

Place of the transaction

 

London Stock Exchange – AIM

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Path Investments Plc – Company Update

Path Investments plc (TIDM: PATH) is pleased to provide the following update. As previously announced, the Company intends to undertake a fund raising and to seek admission of the Company’s Ordinary Shares to trading on the AIM Market of the London Stock Exchange plc (“AIM”) (the “Proposed Transaction”) in conjunction with the completion of the acquisition of a 50% participating interest in an onshore producing conventional gas field, the Alfeld-Elze II Licence and Gas Field in Germany, located some 22 km south of Hannover.  The Company confirms that progress continues to be made in preparing for the proposed admission to AIM and in delivering an efficient financial structure for the Proposed Transaction, but there can be no certainty at this time that it will be successfully completed.

In light of the complexities and timeline of the Proposed Transaction the Company was unable to finalise and publish its annual financial statements for the period ended 31 December 2017 by 30 April 2018.  However, the audit of the Company’s annual financial statements is nearing completion and they are expected to be finalised and published in early June.

In order to complete the proposed fund raising and seek admission of the Ordinary Shares to trading on AIM in an orderly manner the Company’s shares will remain suspended from trading on the Main Market.

Further announcements will be made, as appropriate, in due course.

 

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

For further information please contact:

 

Path Investments plc

Christopher Theis

Andy Yeo

 

020 3934 6632
Shard Capital (Broker and Financial Adviser)

Simon Leathers

Damon Heath

 

020 7186 9900
IFC Advisory (Financial PR & IR)

Tim Metcalfe

Heather Armstrong

Miles Nolan

020 3934 6630

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Keras Resources Plc – Interim Results

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce its interim results for the six months ended 31 March 2018.

 

Highlights

  • Building a strategic portfolio of value accretive and cash generative resource assets
  • Focused ondeveloping manganese assets in Togo into a producing mine – opportunity to develop a low-capex, 250,000tpa open pit, 38% manganese product operation
  • Clear value upside from significant interest in ASX Listed Calidus Resources Limited which has a highly prospective gold exploration portfolio in Australia

o  The Company’s £15.85m carrying value for its interest in Calidus equates to a share price of approximately 0.7GBp, compared to the Company’s market capitalisation of £7.01m as at 24 May 2018, which represents an upside potential of approximately 126%.

  • Loss from Continuing Operations has reduced from £706,000 (GBp0.106 per share) to 177,000 (GBp0.008p per share) for the previous period highlighting the significant reduction in corporate overheads and management costs
  • Streamlined corporate structure, underpinned by the significant asset value attributable to Keras’ interest in Calidus, provides Keras with a platform to grow the Company by identifying and investing in near term cash generative projects while releasing the inherent value in Keras’ current Togo assets

 

Chairman’s Statement

Our energies during the period and subsequently have centred on rationalising our corporate structure and overheads in order to streamline and position the Company to focus on building a portfolio of complementary exploration and development interests through which to deliver meaningful and tangible value to shareholders.

 

The key development of 2017 was the successful flotation of the Company’s Australian gold interests on the Australian Stock Exchange (‘ASX’) under the name of Calidus Resources Limited (‘Calidus’) in June 2017, and our interest in Calidus remains a significant value driver.  However, following its IPO on the ASX, our attentions have increasingly turned to developing the other areas of the business – namely our interests in Togo, on which I will elaborate on in further detail below.

 

Our interest in Calidus remains a core pillar of our investment proposition and currently underpins our market capitalisation.  Under the rules of the ASX the Company’s shares in Calidus are held in escrow for a two year period which will end on 23 June 2019, and the intention of the Directors is to distribute those shares to Keras shareholders at that time, subject to any Calidus shares which may be realised to provide working capital. The milestone for the conversion of the first tranche of performance shares to ordinary shares, the announcement of a JORC compliant Indicated or Measured Resource of at least 500,000oz of gold, was achieved in December 2017 as announced by RNS on 18 December 2017. Statements by Calidus indicate that the milestone for conversion of the balance of the performance shares, the announcement of a positive pre-feasibility study, which seeks to demonstrate that  the project is commercially viable, is likely to be achieved by the end of the escrow period.

 

It is important to recognise that the Calidus shares have consistently traded at between A$0.040 and A$0.048 per share in the past three months. At that level the value of Keras’ holding in Calidus remains approximately double the Keras market cap, despite the fact that Keras is now debt free.

 

As described above, having capitalised our gold interests, we are concentrating on the Nayega Manganese Project (‘Nayega”) in Togo, West Africa, where we hold an 85% interest in Société Générale des Mines SARL (SGM) which holds the exploration permits for Nayega.  We believe Nayega offers significant upside, particularly given the positive price performance of manganese over the past 18 months.  Whilst we await the award of the Exploitation Licence from the Togolese Ministry of Mines, we have started to update the 2015 internal feasibility study with specific emphasis on reducing the capital intensity of the project by investigating alternative ore sorting technology suited to the Nayega ore. We continue to maintain an open dialogue with potential industry partners with the view to secure development and working capital funding through a combination of offtake and stockpile financing to assist in the development of Nayega.

 

Board and adviser changes

Since the end of the period, Russell Lamming has been appointed Chief Executive Officer and tasked with moving Nayega forward, as well as seeking other projects for the Company.  Dave Reeves, who is the MD of Calidus, has become a non-executive director of Keras.  He and I have reduced our director’s fees to half the agreed level, £12,000 and £15,000 per annum respectively, to preserve cash pending increased levels of activity.

 

Since the end of the period we have appointed SP Angel as our Nominated Adviser and joint broker. I would like to thank our previous Nominated Adviser and joint brokers, Northland Capital Partners and Shard Capital Partners respectively, for their efforts on our behalf.

 

New Corporate Website and Presentation

The Company also announces that a new corporate website is now live and a new corporate presentation.  Both of which will be available to view using the following link: www.kerasplc.com

 

Outlook

With the end of the escrow period for the Calidus shares only some 12 months away, we have commenced planning for the most efficient way to distribute the Calidus shares as well as proposals as to how shareholders can efficiently hold and deal with ASX shares. Information on such proposals will be provided in due course, and the transaction is likely to be subject to shareholder approval.

 

Developing our manganese assets in Togo into a producing mine has now become an operational priority.  In addition, the Company is focussing on identifying new projects to add to our portfolio with a focus on near term, cash generative opportunities and we look forward to presenting shareholders with updates on these developments in due course.

 

Brian Moritz

Chairman

25 May 2018

 

 

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED 31 MARCH 2018

 

 

 

 

 

31-Mar-18

(unaudited)

£’000

 

 

31-Mar-17

(unaudited)

£’000

 

 

  30-Sep-17

(audited)

£’000

 

Continuing operations

 

Revenue

 

 

 

 

Cost of sales

 

 

 

 

Gross profit

 

 

 

 

Administrative and exploration expenses

 

(177)

 

(456)

 

(938)

 

Loss from operating activities

 

(177)

 

(456)

 

(938)

 

Finance income

 

 

 

 

Finance costs

 

 

(250)

 

(309)

 

Net finance costs

 

 

(250)

 

(309)

 

Impairment of assets

 

 

 

 

Loss before taxation

 

(177)

 

(706)

 

(1,247)

 

Taxation

 

 

 

 

Loss from continuing operations

 

(177)

 

(706)

 

(1,247)

 

Discontinued operations

 

(Loss)/profit from discontinued operations, net of tax

 

7

 

 

(440)

 

5,142

 

(Loss)/profit

 

(177)

 

(1,146)

 

3,895

 

Other comprehensive income – items that may be subsequently reclassified to profit or loss

 

Exchange translation on foreign operations

 

(5)

 

(162)

 

(160)

 

Change in fair value of available for sale financial assets

 

(4,534)

 

 

13,915

 

Other comprehensive (loss)/income for the period, net of tax

 

(4,539)

 

(162)

 

13,755

 

Total comprehensive (loss)/income for the period

 

(4,716)

 

(1,308)

 

17,650

 

(Loss)/profit attributable to:

 

Owners of the Company

 

(174)

 

(2,055)

 

3,300

 

Non-controlling interests

 

(3)

 

909

 

595

 

(Loss)/profit for the period

 

(177)

 

(1,146)

 

3,895

 

Total comprehensive income/(loss) attributable to:

 

Owners of the Company

 

(4,712)

 

(2,196)

 

17,055

 

Non-controlling interests

 

(4)

 

888

 

595

 

Total comprehensive loss for the period

 

(4,716)

 

(1,308)

 

17,650

 

Earnings per share – continuing and discontinued operations

 

Basic and diluted (loss)/earnings per share (pence)

 

(0.008)

 

(0.135)

 

0.183

 

From continuing operations

 

Basic and diluted loss per share (pence)

 

(0.008)

 

(0.106)

 

(0.103)

 

From discontinued operations

 

Basic and diluted earnings/(loss) per share (pence)

 

0.00

 

(0.029)

 

0.286

 

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2018

 

 

 

Notes

31-Mar-18

(unaudited)

£’000

31-Mar-17

(unaudited)

£’000

30-Sep-17

(audited)

£’000

Assets
Non-current assets
Intangible assets 8 1,168 3,491 1,164
Property, plant and equipment 9 5 41 6
Trade and other receivables 10 29
Other investments 11 15,846 20,379
17,019 3,561 21,549
Current assets
Trade and other receivables 10 15 26 31
Cash and cash equivalents 122 143 60
137 169 91
Total assets 17,156 3,730 21,640
Equity
Equity attributable to owners of the Company
Share capital 12 7,037 6,494 6,970
Share premium 12 10,283 8,849 10,107
Other reserves 8,959 (31) 13,779
Retained deficit (9,338) (14,591) (9,446)
16,941 721 21,410
Non-controlling interests (121) (142) (117)
Total equity 16,820 579 21,293
Liabilities
Current liabilities
Loans and borrowings 13 2,011
Trade and other payables 14 336 1,140 347
336 3,151 347
Total liabilities 336 3,151 347
Total equity and liabilities 17,156 3,730 21,640

 

 

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE SIX MONTHS ENDED 31 MARCH 2017

 

Total attributable to owners of the Company
 

 

Share capital

£’000

 

 

Share premium

£’000

Share option/

warrant reserve

£’000

 

Foreign exchange reserve

£’000

 

 

Retained deficit

£’000

 

 

 

Total

£’000

 

Non-controlling interests

£’000

 

 

Total

equity

£’000

Balance at 1 October 2016 (audited) 6,123 7,666 66 (405) (12,387) 1,063 (730) 333
Loss for the period (2,055) (2,055) 909 (1,146)
Other comprehensive income (45) (96) (141) (21) (162)
Total comprehensive loss for the period (45) (2,151) (2,196) 888 (1,308)
Issue of ordinary shares 371 1,219 1,590 1,590
Issue costs (36) (36) (36)
Disposal of subsidiaries with NCI 353 (53) 300 (300)
371 1,183 353 (53) 1,854 (300) 1,554
Balance at 31 March 2017 (unaudited) 6,494 8,849 66 (97) (14,591) 721 (142) 579

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017

 

Total attributable to owners of the Company
 

 

Share capital

£’000

 

 

Share premium

£’000

Share option/

warrant reserve

£’000

 

 

Exchange reserve

£’000

 

Available

for sale

reserve

£’000

 

 

Retained

deficit

£’000

 

 

 

Total

£’000

 

Non-controlling interests

£’000

 

 

Total

equity

£’000

Balance at 1 April 2017 (unaudited) 6,494 8,849 66 (97) (14,591) 721 (142) 579
Profit for the period 359 4,996 5,355 (314) 5,041
Other comprehensive income (115) 13,915 96 13,896 21 13,917
Total comprehensive income for the period 244 13,915 5,092 19,251 (293) 18,958
Issue of ordinary shares 476 1,258 1,734 1,734
Reverse disposal of subsidiaries with NCI (353) 53 (300) 300
Goodwill 4 4 18 22
476 1,258 (349) 53 1,438 318 1,756
Balance at 30 September 2017 (audited) 6,970 10,107 66 (202) 13,915 (9,446) 21,410 (117) 21,293

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)

FOR THE SIX MONTHS ENDED 31 MARCH 2018

 

 

Total attributable to owners of the Company
 

 

Share capital

£’000

 

 

Share premium

£’000

Share option/

warrant reserve

£’000

 

 

Exchange reserve

£’000

 

Available for sale reserve

£’000

 

 

Retained deficit

£’000

 

 

 

Total

£’000

 

Non-

controlling interests

£’000

 

 

Total

equity

£’000

Balance at 1 October 2017 (audited) 6,970 10,107 66 (202) 13,915 (9,446) 21,410 (117) 21,293
Loss for the period (288) 114 (174) (3) (177)
Total other comprehensive income (968) (3,564) (6) (4,538) (1) (4,539)
Total comprehensive loss for the period (1,256) (3,564) 108 (4,712) (4) (4,716)
Issue of ordinary shares 67 183 250 250
Issue costs (7) (7) (7)
67 176 243 243
Balance at 31 March 2018

 (unaudited)

7,037 10,283 66 (1,458) 10,351 (9,338) 16,941 (121) 16,820

 

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED 31 MARCH 2018

 

 

 

31-Mar-18

(unaudited)

£’000

31-Mar-17

(unaudited)

£’000

 30-Sep-17

(audited)

£’000

Cash flows from operating activities
Loss from operating activities (177) (456) (938)
Loss from discontinued operating activities (440) (504)
Adjustments for:
Depreciation and amortisation 4 72 4
Impairment 1,119
Loss on disposal of property, plant and equipment 15
Foreign exchange differences (3) (221) (490)
Equity-settled share-based payment transactions
(176) (1,030) (809)
Changes in:
– inventories 604 558
– trade and other receivables 16 174 184
– trade and other payables (11) (685) (307)
Cash used in operating activities (171) (937) (374)
Finance income
Finance cost (99) (21)
Taxes paid (69) (118)
Net cash used in operating activities (171) (1,105) (513)
Cash flows from investing activities
Cash disposed of with subsidiary (11)
Acquisition of property, plant and equipment (3) (2) (2)
Proceeds from sale of property, plant and equipment
Exploration and licence expenditure (7) (847) (1,511)
Net cash used in investing activities (10) (849) (1,524)
Cash flows from financing activities
Net proceeds from issue of share capital 243 600 1,130
Proceeds from short term borrowings 1,362 833
Net cash flows from financing activities 243 1,962 1,963
Net (decrease)/increase in cash and cash equivalents 62 8 (74)
Cash and cash equivalents at beginning of period 60 134 134
Cash acquired with subsidiary 1
Effect of foreign exchange rate changes
Cash and cash equivalents at end of period 122 143 60

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS                

FOR THE SIX MONTHS ENDED 31 MARCH 2018

 

  1. Reporting entity

Keras Resources plc (the “Company”) is a company domiciled in England and Wales.  The condensed consolidated interim financial statements of the Company as at and for the six months ended 31 March 2018 comprise the Company and its subsidiaries (together referred to as the “Group”) and the Group’s interests in associates and jointly controlled entities.  The Group currently operates as an explorer and developer.

 

  1. Basis of preparation

 

(a)         Statement of compliance

This condensed consolidated interim financial report has been prepared in accordance with IAS 34 Interim Financial Reporting.  Selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in financial performance and position of the Group since the last annual consolidated financial statements as at and for the year ended 30 September 2017.  This condensed consolidated interim financial report does not include all the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards.

 

This condensed consolidated interim financial report was approved by the Board of Directors on 24 May 2018.

 

(b)         Judgements and estimates

Preparing the interim financial report requires Management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense.  Actual results may differ from these estimates.

 

In preparing this condensed consolidated interim financial report, significant judgements made by Management in applying the Group’s accounting policies and key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 30 September 2017.

 

  1. Significant accounting policies

The accounting policies applied by the Group in this condensed consolidated interim financial report are the same as those applied by the Group in its consolidated financial statements as at and for the year ended 30 September 2017.

 

  1. Financial instruments

 

Financial risk management

The Group’s financial risk management objectives and policies are consistent with those disclosed in the consolidated financial statements as at and for the year ended 30 September 2017.

 

  1. Segment information

The Group considers that it now operates in one distinct business areas, being that of manganese and cobalt exploration in West Africa.  This business areas form the basis of the Group’s operating segments.  For each segment, the Group’s Managing Director (the chief operating decision maker) reviews internal management reports on at least a quarterly basis.

 

Other operations relate to the group’s administrative functions conducted at its head office and by its intermediate holding company together with consolidation adjustments.

 

Information regarding the results of each reportable segment is included below.  Performance is measured based on segment profit before tax, as included in the internal management reports that are reviewed by the Group’s Managing Director.  Segment results are used to measure performance as Management believes such information is the most relevant in evaluating the performance of certain segments relative to other entities that operate within the exploration industry.

 

For the six months ended 31 March 2018 (unaudited)

 

Discontinued

Gold

£’000

Discontinued

Iron Ore

£’000

 

 

Manganese

£’000

Other Segments

£’000

 

Total

£’000

 

External revenue
Loss before tax (22) (155) (177)
Segment assets 851 16,305 17,156
 

For the six months ended 31 March 2017 (unaudited)

 

Discontinued

Gold

£’000

Discontinued

Iron Ore

£’000

 

 

Manganese

£’000

Other Segments

£’000

 

Total

£’000

 

External revenue 941 941
Loss before tax (437) (3) (34) (672) (1,146)
Segment assets 2,667 559 504 3,730

 

Discontinued

Gold

£’000

Discontinued

Iron Ore

£’000

 

 

Manganese

£’000

Other Segments

£’000

 

Total

£’000

 

External revenue 1,008 1,008
Loss before tax (472) (32) (66) (1,181) (1,751)
Segment assets 853 20,787 21,640
 

Information about geographical segments:

 

 

For the six months ended 31 March 2018 (unaudited)

 

Discontinued

Australia

£’000

Discontinued South Africa

£’000

 

West Africa

£’000

Other Segments

£’000

 

Total

£’000

 

External  revenue
Loss before tax (22) (155) (177)
Segment assets 851 16,305 17,156
 

 

For the six months ended 31 March 2017 (unaudited)

 

Discontinued

Australia

£’000

Discontinued

South Africa

£’000

 

West Africa*

£’000

Other Segments

£’000

 

Total

£’000

 

External revenue 941 941
Loss before tax (437) (37) (672) (1,146)
Segment assets 2,667 559 504 3,730
*Information regarding West Africa includes £3,000 loss and £nil segment assets relating to discontinued

activities.

 

 

Information about geographical segments (continued):
 

For the twelve months ended 30 September 2017 (audited)

 

 

 

 

 

Discontinued

Australia

£’000

Discontinued

South Africa

£’000

 

West Africa*

£’000

Other Segments

£’000

 

Total

£’000

 

External revenue 1,008 1,008
Loss before tax (472) (8) (80) (1,191) (1,751)
Segment assets 853 20,787 21,640
*Information regarding West Africa includes £14,000 loss before tax and £nil segment assets relating to discontinued activities.

 

 

  1. Seasonality of operations

The Group is not considered to be subject to seasonal fluctuations.

 

  1. Discontinued operations

On 21 March 2018, an application was made to strike off the Group’s dormant subsidiary, Ferrex Manganese Limited.

 

The comparative consolidated statement of profit or loss has been represented to show the discontinued operations separately from continuing operations. Analysis of the result of discontinued operations is as follows:

 

Results of discontinued operations

 

 

 

 

6 months 31-Mar-18

(unaudited)

£’000

  6 months  31-Mar-17

(unaudited)

£’000

  12 months

30-Sep-17

(audited)

£’000

Revenue (external) 941 1,008
Expenses (1,381) (1,512)
Results from operating activities (440) (504)
Income tax
Results from operating activities, net of tax (440) (504)
Gain on sale of discontinued operation 5,646
(Loss)/profit from discontinued operations, net of tax (440) 5,142

 

The discontinued operations did not have a tax impact.

 

  1. Intangible assets
 

 

 

 

6 months

31 Mar 18

(unaudited)

£’000

6 months

31 Mar 17 (unaudited)

£’000

 

12 months

30 Sep 17

(audited)

£’000

Cost
Balance at beginning of period 1,551 6,686 6,686
Additions 7 1,631 2,122
Disposals

Effect of movement in exchange rates

(3)

(4,705)

60

(7,293)

36

Balance at end of period 1,555 3,672 1,551
Impairment losses
Balance at beginning of period 387 4,645 4,645
Impairment 389
Amortisation 65
Disposals (4,532) (4,643)
Effect of movement in exchange rates 3 (4)
Balance at end of period 387 181 387

 

Carrying amounts
Balance at end of period 1,168 3,491 1,164
Balance at beginning of period 1,164 2,041 2,041

 

Intangible assets comprise the fair value of prospecting and exploration rights.

 

  1. Property, plant and equipment

 

Acquisitions and disposals

During the six months ended 31 March 2018 the Group acquired assets with a cost of £3,000 (six months ended 31 March 2017: £10,000, twelve months ended 30 September 2017: £10,000).

 

Assets with a carrying amount of £nil were disposed of during the six months ended 31 March 2018 (six months ended 31 March 2017: £15,000; twelve months ended 30 September 2017: £53,000), resulting in a loss on disposal of £nil (six months ended 31 March 2017: £15,000; twelve months ended 30 September 2017: £23,000), which is included in ‘administrative expenses’ in the condensed consolidated statement of comprehensive income.

 

  1. Trade and other receivables
 

 

31-Mar-18

(unaudited)

£’000

31-Mar-17

(unaudited)

£’000

30-Sep-17

(audited)

£’000

Other receivables 15 41 3
Prepayments 14 28
15 55 31

 

Trade receivables and other receivables are stated at their nominal values less allowances for non recoverability.

 

  1. Other investments
 

 

31-Mar-18

(unaudited)

£’000

31-Mar-17

(unaudited)

£’000

30-Sep-17

(audited)

£’000

Equity securities – available for sale
Brought forward 20,379
Shares acquired on disposal of subsidiary 6,661
Gain/(deficit) recognised in equity (4,533) 13,718
15,846 20,379

 

Equity securities represent ordinary and performance shares in Calidus Resources Limited (“Calidus”), a company listed on the Australian Securities Exchange (“ASX”). These shares have been re-measured to fair value through other comprehensive income. Fair value is the mid-market price of Calidus ordinary shares on the ASX, discounted in the case of performance shares to reflect the possibility that the milestones for conversion to ordinary shares will not be achieved. Under ASX rules, these shares are held in escrow until June 2019. Available for sale assets are denominated in Australian dollars.

 

The deficit of £4,533,000 is made up of a reduction from A$0.054 to A$0.043 in the market value of Calidus shares on the ASX, together with a reduction in the value of the Australian dollar against sterling, partly mitigated by the achievement of the first milestone converting certain performance shares to ordinary shares.

 

  1. Share capital and reserves

 

Issue of ordinary shares

On 23 October 2017, 66,666,667 ordinary shares were issued for cash at £0.00375 per share.

 

Dividends

No dividends were declared or paid in the six months ended 31 March 2018 (six months ended 31 March 2017: £nil, twelve months ended 30 September 2017: £nil).

 

  1. Loans and borrowings

 

 

 

31-Mar-18 (unaudited) 31-Mar-17

(unaudited)

30-Sep-17

(audited)

£’000 £’000 £’000
Unsecured loan notes – 10% 314
Non-convertible loan 133
Acquisition finance facility 1,564
2,011

 

  1. Trade and other payables
 

 

31-Mar-18

(unaudited)

31-Mar-17

(unaudited)

30-Sep-17

(audited)

£’000 £’000 £’000
Trade payables 471 1
Accruals

Other payables

104

232

618

51

138

208

336 1,140 347

 

There is no material difference between the fair value of trade and other payables and their book value.  Other payables include £148,000 in respect of the Share Appreciation Right Scheme.

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:

 

Russell Lamming Keras Resources plc russell@kerasplc.com

 

Nominated Adviser / Joint Broker

Ewan Leggat / Charlie Bouverat

 

SP Angel Corporate Finance LLP +44 (0) 20 3470 0470

 

Financial PR

Susie Geliher / Charlotte Page

St Brides Partners Ltd +44 (0) 20 7236 1177

 

 

Notes

 

Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.

 

Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

UK grants 96 Investor Visas

Commenting on the release, Head of Shard Capital Investor Visa, Farzin Yazdi has said, “Due to quality assurance, the ONS net migration data sets have been delayed. We have confirmed that the following Home Office data stats are created by different analysts from separate data sets and can be relied upon.

During the first quarter of this year the trend continued with 96 main applications granted. China, with its Special Administrative Regions represent 41% of all UK Tier 1 (Investor) Visa applicants. Russian applicants, not surprising have halved and now only represent 8% of the total.

This certainly was an interesting quarter as the January 11 PBS dependents rule change took effect. Contrary to expectations our analysis of dependents to main applicants ratio has not changed significantly. We do not expect this to change much, however will report if it does.

A new interesting change is the number of applicants from India, who usually do not make an appearance in this list, although dominate the Entrepreneur category. In the previous alert we commented on the complexities of the Entrepreneur Visa and seeing those applicants switching into the investor category.

We also commented in the previous alert on the rise of Turkish nationals. Whilst our observations during the quarter see a continued strong demand, this may not continue as we have seen the Turkish Lira devalue whilst interest rates have gone from 8% to 16.5% with an election in a month’s time.

The UK remains the destination of choice for HNW migrants, we expect the UK to remain open but to the right business.”

 

Paternoster Resources Plc – Notice of GM

Increase in share allotment authorities

Investment advisory agreement

Notice of General Meeting

 

The Company is pleased to announce that it has posted a circular and notice of a General Meeting (the “Document”), to be held at the offices of Keystone Law, 48 Chancery Lane, London, WC2A 1JF at 11.00 am (BST) on 8 June 2018. The Document will shortly be posted on the Company’s website www.paternosterresources.com

 

Introduction

 

On 18 January 2018, the Board of Paternoster Resources plc announced that it had entered into an arrangement with RiverFort Global Capital Ltd, the specialist provider of capital to junior companies (“RiverFort”), whereby Paternoster would have the opportunity to invest in transactions arranged by RiverFort alongside other co-investors.

 

On 20 April 2018, the Board announced that, as a first step in the development of this arrangement, it had agreed to invest around £250,000 in a portfolio of income-yielding investments arranged by RiverFort which comprise investments in the form of both senior and convertible debt. This portfolio represented, on average, around 2.8% of the total investment amounts originally arranged by RiverFort and therefore demonstrates the scope for Paternoster to scale-up the size of its investments as it develops its relationship with RiverFort. This should enable the Company to quickly grow its portfolio with investments that can generate both attractive cash returns whilst providing downside protection.

 

Increase in share allotment authorities

 

Given, the investment opportunities that the Board believe are available and the increase in the level of investor interest, both as a result of the arrangement with RiverFort, the Company is now seeking the necessary authorities from shareholders to be in a position to raise additional investment funds from investors to deploy in these investment situations should opportunities arise. In the event that the Company decides to raise new funds, these are likely to be raised at or around the prevailing market share price which is currently slightly above nominal value of the Company’s ordinary shares.  Based on the latest quarterly update published by the Company, this would represent a 41 percent. discount to the Company’s underlying net asset value per share.  In the event that such funds are raised, an appropriate opportunity such as the provision of an open offer, would also be made available to existing shareholders to enable them to subscribe for new shares in the Company on similar terms.

 

Investment advisory agreement

 

As a further development of the Company’s evolving strategy, Paternoster is proposing to enter into an investment advisory agreement (“Investment Agreement”) with RiverFort.  The Investment Agreement will secure Paternoster’s access to RiverFort’s investment pipeline and enable it to utilise RiverFort’s investment infrastructure.  This infrastructure will provide services such as investment structuring, due diligence and sector expertise.  This arrangement will also enable costs to be reduced within the listed company.  As a result of this arrangement, Paternoster will be the only company listed on AIM or the London Stock Exchange that will have exclusive access to this range of RiverFort services and its investment pipeline.  Investors wishing to obtain exposure to RiverFort’s investment opportunities via a company listed on AIM or the London Stock Exchange will only be able to do so by investing in Paternoster.

 

The Investment Agreement will be for an initial period of two years after such time either party can terminate the agreement by giving one year’s notice.  RiverFort will receive an annual retainer fee equivalent to two per cent. of the Company’s net assets and a performance fee equivalent to 20 per cent. of the profits generated on each new investment.  The performance fee shall only be payable on the cash profits received by Paternoster from these investments. Paternoster shall also receive 60 per cent. of its pro rata share of any deal related fees generated from such investments. Going forward, it is the intention that at least 75 per cent. of investment funds available for investment will be invested in RiverFort arranged opportunities and no more than ten per cent. will be invested in pure equity investments.  The ultimate investment decision with regard to any investment opportunity will, however, still remain with the Board of Paternoster.

 

Whilst, the entering into of the Investment Agreement is simply an additional means by which the Board intends to pursue the development of Paternoster’s existing investing policy, the Board believes that it is appropriate that shareholders be asked to approve this arrangement.

 

RiverFort is a highly-respected provider of specialist financing to the natural resources sector, providing equity, convertible debt and senior project finance solutions. RiverFort is the investment director of Cuart Investments PCC Limited, a Gibraltar Experienced Investor Fund.  Since its formation, RiverFort has been able to arrange very attractive returns for its investors. In 2016, its first year of operation, Cuart Investments PCC Limited – Cuart Growth Capital Fund I achieved an increase in its audited NAV of over 15% between July and December 2016. , The increase in NAV for 2017, on an unaudited basis, is expected to be over 20%.  From the date of its formation to 31 March 2018, RiverFort, on behalf of Cuart Growth Capital Fund I, its co-investors and other investment partners, has arranged over US$76 million of investments. The RiverFort team has an international footprint and a range of financial, entrepreneurial and industrial expertise.  Riverfort is authorised and regulated by the Financial Conduct Authority.

 

Resolutions

 

To increase the authorities to issue new ordinary shares in the Company should the opportunity arise and to enter into an investment advisory agreement with RiverFort as set out in the notice of General Meeting included at the end of this document.

 

Resolution 1:  Investment advisory agreement

 

This resolution authorises the directors to enter into an investment advisory agreement with RiverFort.

 

Resolution 2: Authority to allot shares 

 

This resolution grants the directors authority to allot shares in the capital of the Company and rights to subscribe for shares up to an aggregate nominal value of £6,000,000, representing approximately 335% of the nominal value of the issued ordinary share capital of the Company as at 21 May 2018, being the latest practicable date before publication of this notice. Unless revoked, varied or extended, this authority will expire at the conclusion of the next AGM of the Company or 15 months from the passing of the resolution, whichever is the earlier.

 

Resolution 3:  Resolution to disapply pre-emption rights

 

This resolution authorises the directors in certain circumstances to allot equity securities for cash other than in accordance with the statutory pre-emption rights (which require a company to offer all allotments for cash first to existing shareholders in proportion to their holdings). The relevant circumstances are either where the allotment takes place in connection with a rights issue or the allotment is limited to a maximum nominal amount of £6,000,000, representing approximately 335% of the nominal value of the issued ordinary share capital of the Company as at the date of this letter. Unless revoked, varied or extended, this authority will expire at the conclusion of the next AGM of the Company or 15 months from the passing of the resolution, whichever is the earlier.

 

General Meeting

 

A notice of General Meeting of Paternoster Resources plc to be held at the offices of Keystone Law at 48 Chancery Lane, London WC2A 1JF on 8 June 2018 at 11:00 am is set out at the end of the Document.  At the General Meeting, the Resolutions will be proposed.

 

Recommendation

 

Given Mr Andrew Nesbitt’s role as a consultant to RiverFort, the Board considers him non-independent for the purposes of the resolution with regard to the Investment Agreement and therefore he has excused himself from that aspect of the recommendation below.

 

The Directors (other than as described above) believe that all of the Resolutions will promote the success of the Company for the benefit of its shareholders as a whole, and unanimously recommend that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting, as they intend to do in respect of their shareholdings, representing in aggregate, 0.9 percent. of the Company’s issued share capital.

 

For more information, please contact:

 

Paternoster Resources plc:                                                        +44 (0) 20 7580 7576

Nicholas Lee, Chairman

 

Nominated Adviser:                                                                  +44 (0) 20 7628 3396

Beaumont Cornish

Roland Cornish/Rosalind Hill Abrahams/Felicity Geidt

 

Joint Broker:                                                                             +44 (0) 20 7186 0050

Shard Capital Partners LLP

Damon Heath

Erik Woolgar

 

Joint Broker:

Peterhouse Capital Limited                                                       +44 (0) 20 7562 3351

Lucy Williams

 

APPENDIX ONE

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

Publication of the Document 22 May 2018
Latest time and date for receipt of Forms of Proxy in respect of the General Meeting 11.00 am on 6 June 2018
General Meeting 11.00 am on 8 June 2018

 

All times in this announcement refer to London time (BST).

 

 

APPENDIX TWO

 

DEFINITIONS

 

The following definitions apply throughout this announcement, unless the context requires otherwise:

 

“AIM” the market of that name operated by the London Stock Exchange
“Company” Paternoster Resources plc
“Directors” or “the Board” the directors of the Company at the date of this announcement
“Document” the document dated 22 May 2018
“General Meeting” or “GM” the general meeting of the Company (or any adjournment of such meeting) convened for 11.00 am on 8 June 2018 to be held at the offices of Keystone Law at 48 Chancery Lane, London WC2A 1JF for which the notice is set out at the end of the Document
“Form of Proxy” the form of proxy enclosed with the Document for use by Shareholders in connection with the General Meeting
“Ordinary Shares” or “Shares” ordinary shares of £0.001 each in the capital of the Company
“Resolutions” the resolutions set out in the Notice of General Meeting at the end of the Document
“Shareholders” holders of Ordinary Shares

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Harvest Minerals Ltd – Issue of Performance Shares

As announced on 5 February 2018, the Company has put in place an incentive scheme for Executive Directors and Senior Management (together, “Management”).  The Tranche 3 performance condition has now been achieved, being total sales of 30,000 tonnes or more.  As such, the Company has issued, in aggregate, 1.5 million new Ordinary Shares to Management (the “Tranche 3 Performance Shares”) as follows:

 

Name Number of Tranche 3 Performance Shares issued Resultant Ordinary Share holding in the Company
Brian McMaster 500,000 2,580,834
Luiz Azevedo 500,000 1,010,000
Mark Heyhoe 250,000 500,000
Luis Clerot 250,000 500,000

 

Admission to Trading and Total Voting Rights

 

The above shares rank pari passu with the Company’s existing Ordinary Shares.  Application has been made for these Shares to be admitted to trading on AIM (‘Admission’).  It is expected that Admission will become effective and dealings in these Shares will commence on or around 24 May 2018.

 

Following the issue of the Tranche 3 Performance Shares, the total issued share capital of the Company consists of 131,838,589 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 131,838,589 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information please visit www.harvestminerals.net or contact:

 

Harvest Minerals Limited Brian McMaster (Chairman) Tel: +44 (0) 20 7317 6629
Strand Hanson Limited

(Nominated & Financial Adviser)

James Spinney

Ritchie Balmer

Tel: +44 (0)20 7409 3494
Shard Capital Partners

(Broker)

Damon Heath Tel: +44 (0) 20 7186 9900
St Brides Partners Ltd

(Financial PR)

Isabel de Salis

Gaby Jenner

Tel: +44 (0)20 7236 1177

 

Notes:

Harvest Minerals (HMI.L) is a Brazilian focused fertiliser producer advancing the 100% owned Arapua Fertiliser Project, which produces KPfértil, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser.  KPfértil offers many economic and agronomic benefits and addresses the significant demand for locally produced fertiliser in Brazil, with its abundant agricultural land; currently, the country imports 90% of the potash it uses but has a target to be self-sufficient in fertilisers by 2020.  Covering 14,946 hectares and located in the heart of the Brazilian agriculture belt in Minas Gerais, Arapua is a shallow, low cost mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5.  This is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. This resource is equivalent to over 29 years’ production and the known mineralisation expected to support 100+ years’ production at 450,000 tonnes per annum.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com

VR Education Holdings Plc – Director/PDMR Shareholding

VR Education Holdings plc, a leading virtual reality (‘VR’) technology company focused on the education space, announces that on 21 May 2018 Mike Boyce, a Non-Executive Director, bought 499,942 ordinary shares in the Company at a price of 16 pence per share, representing 0.26% of the Company’s issued share capital.

Prior to this purchase of shares, Mike Boyce held nil ordinary shares in the Company.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information, please contact 

VR Education Holdings plc

David Whelan, CEO

Sandra Whelan, COO

 

Tel: +353 87 665 6708

contact@vreducationholdings.com

Cairn Financial Advisers LLP (Nominated Adviser)

James Caithie / Liam Murray / Richard Nash

 

Tel: +44 (0) 20 7213 0880
Shard Capital Partners LLP (Joint Broker)

Damon Heath / Erik Woolgar

 

Tel: +44 (0) 20 7186 9952
Davy (Joint Broker & ESM Adviser)

Fergal Meegan / Ronan Veale / Barry Murphy

 

Tel: +353 1 679 7788

 

Buchanan (UK Financial PR)

Henry Harrison-Topham / Chris Lane / Tilly Abraham

 

Tel: +44 (0)20 7466 5000

VRE@buchanan.uk.com

 

Wilson Hartnell (Irish Corporate PR)

Peter O’Brien / Frans Van Cauwelaert

 

Tel: +353 1 669 0030

peter.o’brien@ogilvy.com

frans.vancauwelaert@ogilvy.com

 

Notes to Editors

 

VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in Waterford, Ireland, dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver fully immersive virtual learning experiences. The Group’s core focus is the development and commercialisation of its online virtual social learning and presentation platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party VR content for educational and corporate training purposes.

In addition to the ongoing development of the ENGAGE platform, the Group has also built two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and an early access version of the Group’s Titanic VR experience.

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name

 

Mike Boyce

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

VR Education Holdings plc

 

b)

 

LEI

 

213800ESSTWEXIN22767

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Identification code

 

VR Education Holdings plc ordinary shares of EUR0.001 each

 

IE00BG0HDR01

 

b)

 

Nature of the transaction

 

Acquisition of 499,942 ordinary shares at 16.0025p per share

 

c)

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

16.0025p 499,942
 

d)

 

Aggregated information

– Aggregated volume

– Price

 

 

499,942

16.0025p

 

 

e)

 

Date of the transaction

 

2018-05-21

 

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

g)

 

Additional Information

 

 

N/A

 

 

This information is provided by RNS, the news service of the London Stock Exchange.

RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

Live Company Group Plc – Bricklive Doors Open in Argentina

LVCG is pleased to announce that BRICKLIVE has arrived in Buenos Aires with a show that opened on the 19 and 20 May 2018. A further three days are scheduled over the weekend of the 25-27 May 2018 at the famous La Rural Exhibition Centre.

 

The show features popular BRICKLIVE content including LEGO Safari animals, brick pits including Duplo and Soft Play, racetracks, the ever-popular graffiti wall and a host of build zones made up of LEGO fans favourites including Star Wars, Minecraft, Friends, City and Architecture bricks.

 

The themed build zones are enhanced by character actors bringing the interactive experiences to life.

 

BRICKLIVE’s licensed partner for Argentina, EXIM ENT, has attracted new sponsors for the Buenos Aires show including Banco Macro, one of the largest banks in Argentina. EXIM ENT is BRICKLIVE’s licensed partner for countries in LATAM including Argentina, Uruguay and Mexico, operating on a license fee and working closely with the regional and international Brick Live Group team.

 

Further content sees BRICKLIVE working with the 501st Legion, Garrison Argentina that will allow Star Wars fans a photo opportunity with their favourite characters in the Star Wars build zone.

 

Jonathan Hofman, Head of Production for the South American BRICKLIVE partner EXIM ENT said, “We are proud to bring our amazing new BRICKLIVE show to the families of Buenos Aires. It’s such a delight to see families playing and building together, no matter what their age. We are excited to welcome even more visitors next weekend before we move onto the cities of Cordoba and Rosario in July.”

 

David Ciclitira: Executive Chairman at Live Company Group, said: “Watching BRICKLIVE events grow and thrive around the world is unbelievably exciting. Following their first show at the end of last year in Campinas, we are excited to now be building a presence in Argentina which demonstrates the universal appeal of the BRICKLIVE offering. The Buenos Aires event is a perfect example of just how diverse a BRICKLIVE event can be. There is something for animal lovers, Star Wars fans, AFOLs and children. BRICKLIVE events have the potential to appeal to a variety of demographics and the Buenos Aires show is proof of this.”

 

Enquiries:

Live Company Group Plc

David Ciclitira                                                                           Tel: 020 7225 2000

 

Stockdale Securities Limited

Richard Johnson / Edward Thomas                                            Tel: 020 7601 6100

 

Shard Capital Partners LLP

Damon Heath                                                                           Tel: 0207 186 9950

 

W Communications, PR agency

James Porter                                                                            Tel: 07568 514 244

 

 

About the Company:

 

Brick Live Group

Brick Live is a network of partner-driven fan-based shows using BRICKLIVE-created content worldwide. It owns the rights to BRICKLIVE – interactive experiences built around the creative ethos of the world’s most popular construction toy – LEGO®. BRICKLIVE actively encourages all to learn, build and play, and provides an inspirational central space where like-minded fans can push the boundaries of their creativity. Brick Live Group is not associated with the LEGO Group and is an independent producer of BRICKLIVE.

 

Parallel Live Group

Parallel Live was founded by David Ciclitira in 2015 and owns the rights to promote BRICKLIVE in the USA. It will be responsible for running and promoting those events, including the location hire, event design, event construction, advertising and marketing, media planning, website design, event management, public relations and ticket sales, while Lego Systems, Inc will provide some of the content.

 

Website:                       www.livecompanygroup.com

Partner website:            www.eximent.com

 

This information is provided by RNS, the news service of the London Stock Exchange.

RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Alternative Resource Capital (ARC) partners with Shard Capital

Shard Capital Partners is delighted to announce that Alternative Resource Capital (‘ARC’), the specialist natural resources financial advisor and corporate broker, has become a corporate partner of Shard.

ARC aims to leverage its in-house specialist expertise to establish a leading advisory firm in the small and mid-cap natural resources space, providing corporate broking, research, institutional sales and corporate finance services for both private and listed companies.  Its team, which has multiple years’ experience, complements Shard’s existing corporate finance and broking business, which already has a strong presence in the UK small-cap natural resources sector.

Toby Raincock, Shard Capital CEO commented, “We are delighted to welcome ARC into the Shard Capital partnership.  Its team is well known in the resources space, having successfully executed a variety of transactions for both public and private mining and oil & gas companies, across a wide range of jurisdictions.   By working alongside our existing corporate broking team in their joint new office on Hill Street, W1, both companies will benefit, gaining exposure to a wider network of corporate and buy-side clients.”

Rob Collins, a founding partner of ARC commented, “We have hit the ground running having secured several mandates and completed our first equity financing. Given the challenges facing many companies looking to raise funds in the resources sector, our strategy is focused on a collaborative approach to deliver results.  To that end, we are building alliances with specialists across the financial sector including alternative capital and debt providers.   We are very pleased to be backed by Shard Capital and we are already experiencing the synergistic benefits of the partnership.”

Please visit www.altrescap.com for more information.