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

Live Company Group Plc – Directorate Change

LVCG notifies that Simon Bennett has today resigned as non-executive Director of the Company, with immediate effect, in order to pursue other opportunities.

The Company is currently in advanced discussions over the appointment of two additional independent non-executive Directors, and a further announcement in this regard will be made in due course.

David Ciclitira, Chairman said: “Simon’s advice and counsel were invaluable in bringing BRICKLIVE to the market at the end of last year, and since that time. The board and I wish him every success for the future.”

 

-END-

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

 

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

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.

Georgian Mining Corporation – 2018 Technical Work Program and In-House Review of Kvemo Bolnisi Au-Cu Project

Georgian Mining Corporation announces a progress report on technical work being carried out on the Kvemo Bolnisi East gold-copper project (“KBE”), in preparation for resource infill and development drilling, infrastructure sterilisation drilling, and commencement of the feasibility study.

Mike Struthers, Chief Executive Officer said:

“Whilst we wait for the approvals for the exploration permits, I am pleased that our team in Bolnisi is using its time constructively to prepare for the work ahead. The recent work has been updating pit optimisations at KBE and developing new concepts for layouts of surface facilities and haulage routes to the processing facilities at the neighbouring operations. These have all been done internally and are particularly interesting as we are now starting to see what the future KBE operation will actually look like.  And all of this is also contributing to the future work programme.

“In respect of the exploration permits, the Company has recently held meetings at senior levels with Government to highlight our application and the urgency to have this resolved. Given the excellent support that we have in Government circles for the Company and our application, we remain very confident that we’ll get the positive news we are seeking and will be able to re-start work soon.

“I want to thank our existing shareholders for their considerable patience while we strive to resolve this situation.”

The focus of the recent work has been on:

A resource model review and modelling training for increased in-house capabilities

Much of the resource modelling and estimation work for the Company in the past has been done externally, but there are significant advantages in terms of the creative processes and quality control if a large component of this can be done in-house, whilst still maintaining independent review and Competent Person sign-off for any formal resource updates or other material reporting. Recent training in geological modelling of the targeted low sulphidation epithermal systems and in resource modelling and estimation have resulted in a team who are now able to fully utilise their knowledge of the mineralised system in producing a more robust and flexible resource model suitable for engineering optimisation.

The KBE mineralised system has been reviewed in detail and work is now extending to introduce geo-metallurgical factors into resource models.

All of the above allows the upcoming infill drilling to be optimised for maximum benefit to improve model confidence in preparation for mine optimisation and feasibility studies.

An in-house engineering review of the KBE project, including pit optimisation and production scheduling sensitivity studies.

The technical team based in Bolnisi has been further strengthened by the addition of an experienced Georgian mining engineer with strong regional and international experience on resources, reserves and planning studies in these types of projects.

In-house engineering expertise enables the Company to accelerate production planning and scheduling scenarios designed to:

·     Increase understanding of the anticipated project footprint as a base for mineral inventories used for initial pit optimisations, including production scheduling and sensitivity studies.

·     Develop concepts for the future operation in terms of on- and off-site infrastructure required, most notably the haul road from KBE to the Madneuli plant. This improves estimations of costs, and ensures the ESIA covers all aspects of the operation in line with international best practice.

·     Understand the potential scale of the project as a combined gold oxide/copper sulphide open pit, including future-proofing for potential upside from resource expansions following the planned infill and KB exploration drilling.

·     Optimise the design of infill and infrastructure sterilisation drilling for a range of possible open pit scenarios based on input sensitivities.

Developing concepts for pit designs and surface infrastructure in parallel with the infill drilling programme and in advance of the Feasibility Study will ensure the latter is well designed and future-proofed for the expected size of operation. It also allows other investigatory work to be carried out as early in the project development schedule.

Interesting observations from the studies to date:

·     An important aspect of the planning and review process has been to confirm how the oxide gold material at surface best adds value to then allow expanded open pits on the primary copper-gold material.

·     The vertical control on the primary copper-gold sulphides tends to create discrete open pits to extract each mineralised “core” but this provides focus for drill testing of potential mineralisation between the vertical structures which will support expanded mining scenarios.

·     Resource expansion on the KBE prospect has shown that the operation rapidly increases in size and scale with targeted drilling confirming the geological model.

Examples of the resource expansion and prior and new pit optimisations are shown below:

(To view the figures below, please refer to the PDF version of the announcement which can be found by following this link: http://www.rns-pdf.londonstockexchange.com/rns/7402Y_1-2018-8-23.pdf

Figure 1 – A single open pit optimisation shell on an early resource model comprising the CZ1 zone including minor oxide gold surface material.

Figure 2 – Additional resource drilling through 2017 defined the GZ1 gold oxide and GZ2 copper-gold sulphide resource (as reported previously). This significantly extended the gold oxide resource and resulting open pit.

Figure 3 – Initial planning work within the total mining area then allows discrete designs and schedules for mining of the oxides prior to expanding into the gold-copper sulphide mining scenario.

Figure 4 – Also, as part of the overall planning process a preliminary haul road to the Madneuli treatment facility has been designed (shown above in orange, and below) as a basis for improved estimation of capital and operating costs.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information please visit www.georgianmining.com  or contact:

Mike Struthers

Georgian Mining Corporation

Company

Tel: 020 7907 9327

Ewan Leggat

S. P. Angel Corporate Finance LLP

Nomad & Broker

Tel: 020 3470 0470

Soltan Tagiev

S. P. Angel Corporate Finance LLP

Nomad & Broker

Tel: 020 3470 0470

Damon Heath

Shard Capital Partners LLP

Joint Broker

Tel: 020 7186 9950

Camilla Horsfall

Blytheweigh                                             

PR                                  

Tel: 020 7138 3224

Simon Woods                        

Blytheweigh                                              

PR                                  

Tel: 020 7138 3204

 

About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.  The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including KBE which will advance to Feasibility Study in 2018.  These projects are proximal to several advanced projects and existing mining operations owned by the Company’s joint venture partner, and their sister production company.  Georgia has an established mining code and is a jurisdiction open to direct foreign investment.

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.

Canadian Overseas Petroleum Ltd – Publication of Prospectus

Calgary, Canada, August 23, 2018 – Canadian Overseas Petroleum Limited (the “Company”) (TSXV: XOP) (LSE: COPL), an international oil and gas exploration and development company, is pleased to announce that, further to the announcement on August 17, 2018 with regard to the Common Share offering to raise gross proceeds of £3 million (US$ 3.8 million) (the “Placing”), pursuant to which the Company will issue 895,523,000 new common shares (“Placing Shares”) at a price of 0.335 pence per Placing Share, the prospectus prepared in relation to the Placing has been approved by the UK’s Financial Conduct Authority and has been published today. It will be available on the Company’s website (http://www.canoverseas.com/) later today.

 

It is expected that admission to the standard listing segment of the Official List and to the London Stock Exchange plc will become effective and that dealings in the Placing Shares will commence at 8:00am (London time) on August 31, 2018.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, nor shall there be any sale of the Common Shares and/or Warrants in any jurisdiction in which such offer, solicitation or sale may be unlawful. The Common Shares and Warrants have not been and will not be registered under the 1933 Act or any U.S. state securities laws and may not be offered or sold in the United States absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws.

 

Capitalised terms used in the Prospectus shall, unless the context provides otherwise, have the same meaning in this announcement.

 

 

About the Company:

 

The Company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited (“Shoreline”) as part of its strategy to generate stable cash flow from secure offshore and onshore assets. The Company and Shoreline, through their jointly-held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation (“ShoreCan”), have acquired 80% of the share capital, and have taken over the management of Essar Exploration and Production Limited (Nigeria) (“Essar Nigeria”). ShoreCan has applied to the concessionaire NNPC for formal consent for the change in control of Essar Nigeria. Essar Nigeria holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100% holding in OPL 226. Drilling of the first appraisal well is planned to commence in 2018. ShoreCan continues building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Nigeria and the Company and Shoreline have been awarded the PT-5b exploration license onshore Mozambique in the 5th Licensing Round adjacent to the producing Pande-Temane Gas and light oil field complex.

 

The Common Shares are listed under the symbol “XOP” on the TSX-V and under the symbol “COPL” on the London Stock Exchange.

 

For further information, please contact:

 

Mr. Arthur Millholland, President & CEO

Canadian Overseas Petroleum Limited 

Tel: + 1 (403) 262 5441

 

Cathy Hume

CHF Investor Relations

Tel: +1 (416) 868 1079 ext. 231

Email: cathy@chfir.com

 

Harriet Jackson/Charles Goodwin

Yellow Jersey PR Limited

Tel: +44 (0) 75 4427 5882

Email: copl@yellowjerseypr.com

 

Broker: London Stock Exchange

Shore Capital Stockbrokers Limited

Edward Mansfield
Phone: T: +44 20 7468 7906

This news release contains forward-looking statements. The use of any of the words “initial, “scheduled”, “can”, “will”, “prior to”, “estimate”, “anticipate”, “believe”, “should”, “forecast”, “future”, “continue”, “may”, “expect”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including, but not limited to, the ability to raise the necessary funding for operations, delays or changes in plans with respect to exploration or development projects or capital expenditures. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements since the Company can give no assurance that they will prove to be correct since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties most of which are beyond the control of Canadian Overseas Petroleum Ltd. For example, the uncertainty of reserve estimates, the uncertainty of estimates and projections relating to production, cost overruns, health and safety issues, political and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry could cause actual results to vary materially from those expressed or implied by the forward-looking information.  Forward-looking statements contained in this news release are made as of the date hereof and Canadian Overseas Petroleum undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

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 92 Tier 1 (Investor) Visas

A total of 92 Tier 1 (Investor) visas were granted during the second quarter of this year, with dependents (143) not falling despite the January rule change. The attractiveness of the UK remains among HNW migrants despite the unknown outcome of Brexit negotiations.

As per previous releases, Chinese applicants accounted for the lion share of applicants at c35% followed by Russian applicants, which surprisingly saw an increase despite all of the news and introduction of new sanctions. Year on year for the first half of ‘18 there is an increase of 17% of UK Investor Visa applicants.

As we highlighted with the Q1 announcement, Turkish applicants have disappeared given the devaluation of the Lira. Investor Visas have always been a leading indicator of economic and political uncertainty. No other significant trends appeared in terms of country of origin this quarter.

Review your existing client portfolios! Further to the statement of changes and updated guidance circular, I strongly encourage immigration advisors and lawyers to review the accrued interest and declared dividends element of their clients portfolios. While this can be financially technical, we are more than happy to review this and are here to assist you on an anonymous and non-committal basis.

CONTACT US 

Also, make sure there is no loan secured against the portfolio and that the current provider can issue such a letter. It never ceases to amaze, the errors made which could easily be avoided. Investing for Investor Visa purposes requires expertise and experience which cannot be obtained by dabbling in this space.

If you would like a copy of the handout distributed at the ILPA economics working group, do not hesitate to contact us.

Chagala Group Limited – Dividend Declaration

hagala Group Limited (LSE:CGLO) (the “Company” or “Chagala” and, together with its subsidiaries, the “Group”) is an investor in specialist services and facilities provider to the oil and gas industry in Kazakhstan with its Ordinary Shares (ISIN: VG1574371129) admitted to trading on the London Stock Exchange’s Main Market.
The directors of the Company have declared a dividend of US$0.025 per Ordinary Share for the financial year ended 31 December 2017.
This dividend will be payable on or around 17 September 2018 to holders of record on 31 August 2018. The corresponding ex-dividend date will be 30 August 2018.
On the basis of the preliminary settlement agreement referred to in the Company’s announcement dated 26 June 2018, this dividend will be paid to all holders of record of the Ordinary Shares on the record date notwithstanding that certain of the Ordinary Shares continue to have the status of “Default Shares” under Regulation 13.8 of the Company’s articles of association.

For more information:

 

Francisco Parrilla, Chief Executive
Chagala Group Limited + 7 (727) 355 04 84

 

 

Chagala Group

 

Chagala invests in service companies focused on providing long and short-term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan’s largest hydrocarbon discoveries.  With investments in hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices, Chagala is well positioned to capitalize on the oil and gas contribution being made in Kazakhstan.

 

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.

Sure Ventures Plc – Net Asset Value: June 2018

Sure Ventures Plc, a venture capital fund which invests in early stage software companies in the rapidly growing Financial Technology (‘fintech’), Augmented Reality (‘AR’), Virtual Reality (‘VR’), and Internet of Things (‘IoT’) sectors, is pleased to announce its unaudited, estimated NAV per share for the period as at the 30th of June 2018.

 

The NAV as at the 30th of June 2018 stands at 96.17p, which represents a 4.38% increase from the March 2018 NAV calculation, reported to the market on the 4th of May 2018.

 

The Board is happy with the progress made year to date and looks forward to keeping investors informed as the investment strategy outlined in the prospectus continues to be executed by the appointed Investment Manager Shard Capital AIFM LLP.

 

For further information, please visit www.sureventuresplc.com or contact:

 

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

Isabel de Salis / Priit Piip

St Brides Partners (Financial PR)

+44 (0) 20 7236 1177

 

Notes to editors:

Sure Ventures plc listed on the London Stock Exchange in January 2018, giving retail investors access to an asset class that is usually dominated by private venture capital funds. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, FinTech and Internet of Things.  Sure is focusing on companies in the UK, Republic of Ireland and other European countries, making seed and series A investments in companies with first rate management teams, products which benefit from market validation with target revenue run rates of +£400,000 over the next 12 months. 

Website: https://www.sureventuresplc.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.

Canadian Overseas Petroleum – £3 million Common Share Offering

Calgary, Canada, August 17, 2018 – Canadian Overseas Petroleum Limited (the “Company”) (TSXV: XOP) (LSE: COPL), an international oil and gas exploration and development company, is pleased to announce a Common Share offering to raise gross proceeds of £3 million (US$ 3.8 million) (the “Placing”), pursuant to which the Company will issue 895,523,000 new common shares (“Placing Shares”) at a price of 0.335 pence per Placing Share.

 

Management and certain insiders of the Company plan to subscribe for new common shares in the Company at the Placing Price (the “Subscription”). An announcement pertaining to the Subscription will be released by the Company in due course.

 

Full details of the Placing will be included in the Prospectus to be filed with the UK Listing Authority (the “UKLA”), which is expected to be published prior to the end of August 2018.

 

Use of proceeds

As at 30 June 2018, the Company had consolidated cash balances of US$1,736,000. The Company intends to use the net proceeds of the Placing to fund the Company’s on-going general and administrative expenses. This principally covers a full technical team including geologists, a geophysicist, reservoir engineers, a drilling engineer and in-house Counsel, which are approximately US$400,000 per month, as the Company seeks to progress its projects in West Africa. 

 

Nigerian Development Project

The Company is continuing to progress the financing of its Nigerian development project and is responsible for 50% of the costs relating to Shoreline Canadian Overseas Petroleum Development Corporation’s commitment to invest funds in the form of an interest-free shareholder loan to be used for its 80% owned Essar Nigeria operations. In particular, to cover the near term work programme obligations, including drilling one well under Phase-1 of the OPL 226 Production Sharing Contract.  As previously announced the Company agreed to a project financing and offtake agreement term sheet, providing for a minimum US$30 million to a maximum of US$50 million Senior Secured Facility (the “Facility”). Once entered into, the Facility will provide funding for all production related expenditures following the drilling and testing of the initial production well to be drilled by Essar Nigeria on its 100% contracted interest in OPL 226.

 

The Placing is subject to customary conditions and the receipt of required regulatory approvals, including the approval of the London Stock Exchange plc (the “LSE”) and the TSX Venture Exchange (the “TSX-V”).   Application will be made for the Placing Shares to be admitted to the Official List and to trading on the Main Market, following approval of the Prospectus by the UKLA.

 

Mr. Arthur Millholland, President and CEO, commented: “The proceeds from the placing will be directed towards on-going general expenses, which covers our qualified technical team and in-house Counsel. In strengthening our balance sheet, we are able to continue to focus on securing a financing package for the highly prospective OPL 226 project offshore Nigeria. As previously announced we are in late stage discussions with an oil service group and we look forward to updating the market on this is due course.”

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, nor shall there be any sale of the Common Shares and/or Warrants in any jurisdiction in which such offer, solicitation or sale may be unlawful. The Common Shares and Warrants have not been and will not be registered under the 1933 Act or any U.S. state securities laws and may not be offered or sold in the United States absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws.

 

Capitalised terms used in the Prospectus shall, unless the context provides otherwise, have the same meaning in this announcement.

 

 

About the Company:

 

The Company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited (“Shoreline”) as part of its strategy to generate stable cash flow from secure offshore and onshore assets. The Company and Shoreline, through their jointly-held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation (“ShoreCan”), have acquired 80% of the share capital, and have taken over the management of Essar Exploration and Production Limited (Nigeria) (“Essar Nigeria”). ShoreCan has applied to the concessionaire NNPC for formal consent for the change in control of Essar Nigeria. Essar Nigeria holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100% holding in OPL 226. Drilling of the first appraisal well is planned to commence in 2018. ShoreCan continues building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Nigeria and the Company and Shoreline have been awarded the PT-5b exploration license onshore Mozambique in the 5th Licensing Round adjacent to the producing Pande-Temane Gas and light oil field complex.

 

The Common Shares are listed under the symbol “XOP” on the TSX-V and under the symbol “COPL” on the London Stock Exchange.

 

For further information, please contact:

 

Mr. Arthur Millholland, President & CEO

Canadian Overseas Petroleum Limited 

Tel: + 1 (403) 262 5441

 

 

 

Cathy Hume

CHF Investor Relations

Tel: +1 (416) 868 1079 ext. 231

Email: cathy@chfir.com

 

Harriet Jackson/Charles Goodwin

Yellow Jersey PR Limited

Tel: +44 (0) 75 4427 5882

Email: copl@yellowjerseypr.com

 

Broker: London Stock Exchange

Shore Capital Stockbrokers Limited

Edward Mansfield
Phone: T: +44 20 7468 7906

 

This news release contains forward-looking statements. The use of any of the words “initial, “scheduled”, “can”, “will”, “prior to”, “estimate”, “anticipate”, “believe”, “should”, “forecast”, “future”, “continue”, “may”, “expect”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including, but not limited to, the ability to raise the necessary funding for operations, delays or changes in plans with respect to exploration or development projects or capital expenditures. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements since the Company can give no assurance that they will prove to be correct since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties most of which are beyond the control of Canadian Overseas Petroleum Ltd. For example, the uncertainty of reserve estimates, the uncertainty of estimates and projections relating to production, cost overruns, health and safety issues, political and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry could cause actual results to vary materially from those expressed or implied by the forward-looking information.  Forward-looking statements contained in this news release are made as of the date hereof and Canadian Overseas Petroleum undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

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 – Launch of Titanic VR, Notice of Interim Results

R Education (AIM: VRE; ESM: 6VR), a leading virtual reality (‘VR’) technology company focused on the education space, is pleased to announce the launch of Titanic VR, the Group’s highly anticipated immersive gaming experience, which will be available for PC, Oculus Rift, HTC Vive, and Windows Mixed Reality from 2:00pm (BST) today.

The Titanic VR game allows users to experience the tragic events of the doomed ship through the eyes of a survivor and to virtually explore the wreck on the seabed as she looks today. The game features a fully immersive and historically accurate animated experience which tells the story of the evacuation to lifeboats, based on the eye witness testimonies of survivors of the 1912 tragedy.

 

The project began its life through a Kickstarter campaign in early 2017. Motion capture technology and extensively-detailed maps of the shipwreck were used to create an accurate 3D depiction of the Titanic, setting the scene for an educational game where players are tasked with navigating the wreck using their submersible and ROV. The game features eight dive missions and seven lab missions.

 

David Whelan, CEO of VR Education, said:

 

“I am delighted to launch Titanic VR following the success of Apollo 11, which has been downloaded over 130,000 times since its launch in 2016.  Titanic VR is a factually animated experience that tells the famous story of the sinking of RMS Titanic as witnessed by survivors. As well as creating a realistic VR experience that tells the story of the tragedy in a compelling way, the game will also serve as a valuable resource for discovering more about the stricken ship through a realistic exploration experience, using detailed maps and 3D models of the historic wreck site. We have used motion capture, face-scanning technology and professional voice actors to immerse users in the story and enable them to relate to the people involved. In developing this we wanted to create an accurate portrayal of events, so it is not only educational, but also emotional and very engaging.

“We are confident that Titanic VR will be a great success and will update investors on early-stage demand at the time of the Group’s interim results.”

 

Notice of Results

 

The Group will announce its interim results for the six months to 30 June 2018 on Tuesday, 18 September 2018. The Group will be hosting a meeting for analysts at 10.45am at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

For further details and registration, please contact Buchanan at VRE@buchanan.uk.com.  

Following the meeting, an audio webcast will be available at http://webcasting.buchanan.uk.com/broadcast/5b6c04ac49f1e90e16902994

 

 

– Ends –

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

Fuller Marketing (Irish Corporate PR)

Ruth Fuller / Sheila Kelleher

Tel: +353 87 981 3176

ruth@fullermarketing.ie

 

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.

 

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin.

 

For further information, please visit www.vreducationholdings.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.

Horizonte Minerals Plc – Q3 2018 Araguaia Operational Update

16 August 2018  Horizonte Minerals Plc, (AIM/TSX: HZM) (‘Horizonte’ or ‘the Company’) the nickel development company focused in Brazil, is pleased to provide an update on its operations covering its 100% owned flagship Araguaia nickel project (‘Araguaia’). Horizonte is a multi-asset company focused on its objective of becoming a nickel producer.

 

Highlights

 

·    Final results of the Araguaia 43-101 Feasibility Study (‘FS’) are being prepared and expected to be announced to the market in October 2018;

 

·    Optimisation around the plant layout, engineering design and process flow sheet now complete and resulting in considerable opportunities;

 

·    Plant design has been modified to accommodate the potential expansion of a second Rotary Kiln Electric Furnace (‘RKEF’) process line in the future after the first line is fully commissioned, providing flexibility to double the output of the operation;

 

·    Final Araguaia capex estimate is currently being prepared for internal review;

 

·    Water permit has been obtained for full-scale operation at Araguaia;

 

·    Brazil’s environment agency (SEMAS) visited Araguaia in late July 2018, a key part of construction licence approval process; and,

 

·    Company cash position of £8.9 million as at 30 June 2018.

 

Horizonte CEO, Jeremy Martin, commented: 

 

“I am pleased to provide an operational update on our progress on a number of key workstreams as we move towards completion of the Feasibility Study on our 100% owned Araguaia nickel project, representing an important milestone in the transition of the Company from an explorer to a developer. There has been a considerable amount of work involved in the optimisation of the plant layout and design where we have been able to successfully reduce the overall plant footprint, close-couple the equipment packages leading to a reduction in the overall material quantities (cut and fill material, concrete and steelwork). Additionally, we have now designed the plant in such a way to allow the potential to include a second RKEF process line in the future allowing for an increase in the annual nickel production.

 

“As the various feasibility workstreams are coming together, we have also been working hard on the social, infrastructure and licensing aspects of the project that will allow us to move to the development stage in 2019.

 

“From a markets perspective, recent talk of tariff related barriers has negatively affected the prices of a number of commodities during the last couple of months. However, the nickel price, given its strong fundamentals, has been more resilient in relation to the wider metals market. LME inventories continue to be drawn down and the demand side driven by the stainless-steel market and EV battery sector continues to show strong growth, this bodes well for the longer-term fundamentals of nickel.

 

“The Company has a strong cash position to allow us to deliver the key milestones going forward. It is an exciting time for the Company and we look forward to updating the market on the Company’s developments as we move through the next phase of development at Araguaia, in addition to providing updates on the Vermelho Ni-Co project.”

 

Araguaia Nickel Project Feasibility Study Update

 

The FS for Araguaia is designed around an open pit mining operation targeting 900,000 tonnes per annum of ore feeding a central processing RKEF smelting facility, and designed to produce 14,500 tonnes of nickel per annum contained in 52,000 tonnes of ferronickel.

 

The current mineral reserve supports a 28-year mine life with a two-year construction period. Work on the ground is nearing completion, with the following work streams either in near final form or complete.

 

The FS results are expected to be available for announcement to the market in October 2018.

 

Geology and Mining

 

Snowden Mining Industry Consultants (‘Snowden’), who are conducting the geology and mining sections of the study, have optimised the mine plan and schedule such that the study will be in a position to publish mineral reserves sufficient for more than 25 years of mine life. Snowden has also completed an update of the mining costs with respect to the latest economic conditions in Brazil.

 

In addition, further geotechnical work has been completed that supports the study and the detailed engineering.

 

Infrastructure and Process

 

As previously reported, the de-risked RKEF technology will be deployed and detailed engineering work has been completed for the plant. The Plant design has been optimised and modified to accommodate a second RKEF process line in the future after the first line is fully commissioned, providing flexibility to double the output of the plant and increasing overall revenue.

 

The higher cost equipment items are being sourced from suitably qualified engineering firms around the world in a bid to identify high quality, cost-effective vendors. A detailed operating cost and capital cost estimate is well advanced with the updated plant layout and the selected large equipment items.

 

Detailed designs for roads, the powerline, river abstraction and a cooling dam have been complete and costed. This includes detailed surveys of the various routes, and development of early works packages with firm quotations from vendors for construction.

 

All logistics challenges have been identified and engineered including those around sourcing of coal, energy and consumables, which have been costed with quotations and proposals from prospective vendors.

 

Significant effort has been expended on risk management and risk mitigation that covers sovereign, climate, logistics, geographical, and geological risk factors. This work has resulted specific changes to designs, and operational plans so that the project risks are minimised while still delivering tier 1 economics.

 

The Project implementation schedule is well advanced, taking into account the updated engineering and current operating regime in Brazil.

 

Financial

 

Operating (‘OPEX’) and capital cost (‘CAPEX’) work for the FS is in the final stage. All CAPEX items have now been received from equipment vendors together with material and installation costs from Brazilian suppliers. Savings have also been pursued by optimising plant layout as well as sourcing from appropriate vendors.

 

Social & Environmental Status

 

The company is on track with its programme of licence applications and approvals for and construction permit requests for a number of key environmental and regulatory parts of the overall project effectively de-risking the permitting component of the project. Milestones in this area include:

 

·    Successfully obtained the water permit for full-scale operation of the Araguaia project;

·    Submission of the Fauna and Flora inventories as well as the vegetation suppression request in early 2018; and,

·    In July, we welcomed a team from the environmental agency (SEMAS) to the Araguaia project. This is an important step in the process for the approval of the construction licence.

 

We have also signed an agreement, with SENAI’s Institute of Innovation to research potential uses for Araguaia slag. SENAI operates a network of 208 certified laboratories in the country and this particular research has already commenced with testing of slag produced from Araguaia’s pilot-plant process at the SENAI Institution in Belem.

 

Agreement has also been reached with Brandt Medio Ambiente consulting Llc. to undertake environment studies and permitting for the energy Transmission Line. This commenced in June 2018.

 

Nickel and Cobalt Market Developments

 

Nickel has continued its strong performance this year rising to US$14,823 per tonne by the end of June, up 18% since the start of the 2018. The average price for the period, at US$14,465 per tonne, was also the highest quarterly average since the three months to end December 2014.

 

Global demand for nickel has been reported to be increasing by 7.3% this year, while supply rises 6.8% to 2.210 million tonnes[1]. Analysts in the sector have also stated this year that they expect the global nickel market deficit to widen to 88,000 tonnes, from 72,000 tonnes in 2017.

 

Of significance for the Company is that long term analyst forecasts are pricing nickel above the current levels. These forecasts are being driven by both traditional uses for nickel in stainless steel, as well as the new drivers; super-alloys and the battery sectors.

 

This bodes well for Horizonte as we look to benefit from the growth in both end markets, through the development of the advanced stage Araguaia ferronickel project and the Vermelho nickel-cobalt project, which was acquired in December 2017.

 

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

 

* * ENDS * *

 

 For further information visit www.horizonteminerals.com or contact:

 

Horizonte Minerals plc

Jeremy Martin (CEO)

+44 (0) 20 7763 7157

 

 

Numis Securities Ltd (NOMAD & Joint Broker)

John Prior / Paul Gillam

+44 (0) 207 260 1000

 

Shard Capital (Joint Broker)

Damon Heath / Erik Woolgar

+44 (0) 20 7186 9952

Tavistock (Financial PR)

Jos Simson / Gareth Tredway / Barney Hayward

+44 (0) 20 7920 3150

 

[1] Source: Japan’s Sumitomo Metal, https://www.reuters.com/article/sumitomo-mtl-min-nickel/japans-sumitomo-metal-says-global-nickel-deficit-to-widen-this-year-idUSL4N1TG3WV

 

 About Horizonte Minerals:

 

Horizonte Minerals plc is an AIM and TSX-listed nickel development focused in Brazil. The Company is developing the Araguaia Project as the next major ferronickel mine in Brazil.  With the Vermelho nickel-cobalt project being advanced with the aim of being able to supply nickel and cobalt to the EV battery market.  Both projects are 100% owned.

 

Horizonte shareholders include; Teck Resources Limited, Canaccord Genuity Group, JP Morgan, Lombard Odier Asset Management (Europe) Limited, City Financial, Richard Griffiths and Glencore.

 

 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company’s current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company’s lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company’s future payment obligations; potential disputes with respect to the Company’s title to, and the area of, its mining concessions; the Company’s dependence on its ability to obtain sufficient financing in the future; the Company’s dependence on its relationships with third parties; the Company’s joint ventures; the potential of currency fluctuations and political or economic instability  in countries in which the Company operates; currency exchange fluctuations; the Company’s ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company’s plans to continue to develop its operations and new projects; the Company’s dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

 

  


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Live Company Group Plc – Notice of AGM

LVCG announces that its Annual General Meeting will be held at 10.00 a.m. on Monday 10 September 2018 at the offices of Stockdale Securities, 100 Wood Street, London EC2V 7AN.

The Notice of Annual General Meeting and the Form of Proxy will be distributed to shareholders today and copies are available on the Company’s website at: www.livecompanygroup.com in the Shareholder Information Section.

 

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.