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News from 17th February, 2023

*Disclaimer

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SW1: Swift Subsidiary Proceedings

SWIFT NETWORKS GROUP LIMITED 🔗 📄 📈

The Australian Competition and Consumer Commission (ACCC) has instigated proceedings against a subsidiary of Swift – Swift Networks Pty Ltd (SN).
The ACCC alleges two former SN employees engaged in the alleged conduct with another company, DXC Technologies.
Swift has cooperated with the ACCC in its investigations and has engaged Clayton Utz to assist.

2023-02-17 20:09:00

HVM: Further deferment of Condition Subsequent on Debt Facility

HAPPY VALLEY NUTRITION LIMITED 🔗 📄 📈

Happy Valley Nutrition Limited (ASX:HVM; ‘Happy Valley’ or ‘the Company’) has agreed with Merricks Capital Pty Ltd to defer the "condition subsequent" requirement until 23 February 2023.
The Company is currently in negotiations with a potential investor, however no binding agreement has been reached yet.
There is no certainty that these negotiations will result in an agreement.

2023-02-17 17:26:00

CIO: Company Receives First Mining Royalty Payment

🔗 📄 📈

Connected IO Limited (“CIO”) has received its first royalty payment of $19,303 from Focus Minerals Ltd.
The payment is pursuant to a historical royalty granted to the Company in 1995 over a mining tenement near Coolgardie, Western Australia.
The royalty entitles the Company to $0.25/tonne of ore mined and treated after 2.5 Mt.

2023-02-17 14:37:00

CYL: Catalyst receives acceptances for 88% of Vango Mining

CATALYST METALS LIMITED 🔗 📄 📈

Catalyst Metals Limited's recommended off-market takeover offer for Vango Mining Limited (ASX: VAN) has been accepted by shareholders representing 88.1% of Vango's issued shares.
Vango Directors have recommended acceptance and have accepted the Offer for their own shares.
Catalyst encourages all shareholders to accept the Offer without delay.

2023-02-17 14:14:00

VMC: Exploration Commences East of Greenbushes Lithium Mine

VENUS METALS CORPORATION LIMITED 🔗 📄 📈

IGO has commenced ground exploration activities at the Greenbushes East Exploration Project.
Geochemical Survey targeting lithium to be conducted, with 1350 soil samples collected.
VMC's subsidiary has entered a binding transaction with IGO's subsidiary.

2023-02-17 12:44:00

KSS: Vigilance Mission Enters Operational Phase

KLEOS SPACE S.A 🔗 📄 📈

Kleos Space S.A. has confirmed that the Vigilance Mission satellites have now been entered into operations.
Bringing Vigilance mission into its operational phase is the key catalyst for deferred revenue recognition and revenue growth.
The data from the Vigilance mission satellites is being processed through the company's proprietary signal processing platform and sold to customers as intelligence products.

2023-02-17 12:36:00

KSS: Placement Update

KLEOS SPACE S.A 🔗 📄 📈

Kleos Space S.A. announces that the previously announced placement has been reduced to A$2.4 million.
The funds totalling A$1,562,800 have been received to date and the balance will be received by 28 February 2023.
The shortfall of A$600,000 is due to certain parties not being able to complete their commitments.

2023-02-17 12:34:00

BIR: Additional New Partnership

BIR FINANCIAL LIMITED 🔗 📄 📈

BIR Financial Limited (ASX:BIR) has welcomed a new partner, TenX Capital.
TenX offers wealth management & brokerage, paid research reports/stock recommendations, capital raise opportunities and mobile trading services.
Portfolio Manager Marcos Gomez has exceptional results in the equity market focusing on current ASX listed and private companies.

2023-02-17 12:08:00

SYA: NAL Restart on Track & on Budget

SAYONA MINING LIMITED 🔗 📄 📈

Sayona Mining Limited has advanced the restart of lithium production at its North American Lithium (NAL) Operation in Québec, Canada.
Progress towards the concentrator restart and construction progress had both reached 96% as at the end of January 2023.
The operation is on track and on budget for a March 2023 restart, enabling Québec’s electrification drive amid continued demand growth.

2023-02-17 10:24:00

LLO: LLO Accelerates Mine Development and Construction at Tuvatu

LION ONE METALS LIMITED 🔗 📄 📈

Lion One Metals Limited has announced the acceleration of mine development and plant construction following the completion of project financing at the Tuvatu Alkaline Gold Project in Fiji.
The company has advanced the number 2 development drive by over 250 meters and has completed the first cut of high-grade material from the URA1 lode.
The processing plant components have already been delivered to Fiji, with shipments of the remaining bulk materials in progress and expected to be delivered by the end of March.

2023-02-17 10:16:00

CPH: CPH Secures Firm Commitments to Raise $2m

CRESO PHARMA LIMITED 🔗 📄 📈

Creso Pharma has secured $2m in firm commitments from institutional, professional and sophisticated investors.
Funds will be used for increased sales and marketing in the US, milestone phase II clinical trial utilising psilocybin, and additional M&A opportunities.
The company has seen record revenue growth of 44% to $8.95m in FY2022 and considerable reduction in net operating expenditure.

2023-02-17 10:09:00

TMH: Entitlement offer closure and notification of shortfall

THE MARKET HERALD LIMITED 🔗 📄 📈

Entitlement Offer close d raising approximately A$12.44 million with strong support from major shareholders.
Funding the repayment of debt associated with the acquisition of Gumtree Australia, Autotrader Australia and Carsguide.
Shortfall is fully underwritten and will be offered in accordance with the dispersion mechanism.

2023-02-17 09:53:00

MEG: Lithium Project Acquisition - James Bay Region, Quebec

MEGADO MINERALS LTD 🔗 📄 📈

Megado Minerals Limited (ASX: MEG) has entered into a binding agreement to acquire the Cyclone Lithium Project in Quebec, Canada.
The Cyclone Project is located in Quebec’s James Bay region and is highly prospective for lithium, massive nickel sulphides and orogenic style gold deposits.
Megado will initiate exploration activities at the Cyclone Project upon deal completion with a view to identifying pegmatite outcrops.

2023-02-17 09:44:00

GTG: Receipt of R&D Tax Incentive Refund for geneType Multi Test

GENETIC TECHNOLOGIES LIMITED 🔗 📄 📈

Genetic Technologies Limited (GTG) received $1.96m from the federal government's Research and Development Tax Incentive program for the 2022 financial year.
The amount received represents 43.5% of the Company's eligible R&D expenditure for the 2022 financial year.
A significant portion of the expenditure incurred during the 2022 financial year related to the research and development of the geneType multi-test.

2023-02-17 09:42:00

PNX: Environmental Approval Granted for Fountain Head

PNX METALS LIMITED 🔗 📄 📈

PNX Metals Limited (ASX: PNX) has been granted environmental approval for its 100% owned Fountain Head Gold Project.
The decision was made by the Hon Lauren Moss, Northern Territory Minister for Environment, Climate Change and Water Security.
The Fountain Head Environmental Impact Statement (EIS), submitted in mid-2022, contains a comprehensive risk assessment.

2023-02-17 09:39:00

VKA: VIKING SEES VANADIUM RECOVERIES UP TO 90.2% AT CANEGRASS

VIKING MINES LIMITED 🔗 📄 📈

METS completed review of historical metallurgical studies.
Magnetic concentrates produced with grades up to 1.54% Vanadium Pentoxide (V2O5) and Vanadium recoveries up to 90.2% recorded.
Future testwork to focus on optimum sample selection and metallurgical testwork strategy to target key Vanadiferous Titanomagnetite (VTM) horizons, with potential for additional metals to be produced from the Project.

2023-02-17 09:33:00

CSF: Catalano's secures investment from The Pure Meat & Food Co

CATALANO SEAFOOD LTD 🔗 📄 📈

Catalano Seafood Limited (Catalano or the Company) has entered into a Share Subscription Agreement with The Pure Meat & Food Co.
The Company will issue 20,018,482 fully paid ordinary shares at 11.0 cents per share to PMFC to raise ~$2.2m.
This represents a 13.4% premium to the last traded share price of 9.7 cents on 14 February 2023.

2023-02-17 09:29:00

SRG: SRG Global successfully completes $46.4m equity raising

SRG GLOBAL LIMITED 🔗 📄 📈

SRG Global Limited has successfully completed its A$46.4 million fully underwritten institutional placement (“Placement”).
The Placement received strong support from existing and new institutional investors.
The proceeds from the Placement will be used to partially fund SRG’s acquisition of 100% of ALS Industrial Pty Ltd (ALS Asset Care).

2023-02-17 09:29:00

SGQ: St George Expands into Mt Holland Lithium Province

ST GEORGE MINING LIMITED 🔗 📄 📈

St. George has entered a binding agreement to acquire rights to lithium and nickel in the Mt Holland region.
Significant occurrences and deposits of lithium and nickel are located within the Area of Influence.
The agreement complements St. George's focus on building a portfolio of highly prospective lithium and nickel projects.

2023-02-17 09:26:00

CRS: RC DRILLING FINISHED AT NORTHAMPTON

CAPRICE RESOURCES LTD 🔗 📄 📈

RC drilling has been completed at the Lady Sampson prospect, located in the Northampton Polymetallic Project.
11 holes were drilled for 938m and intersected lead, zinc and copper sulphides.
Results are due in 4 to 6 weeks.

2023-02-17 09:26:00

CIP: Pricing of A$300million Exchangeable Notes Offering

CENTURIA INDUSTRIAL REIT 🔗 📄 📈

Centuria Industrial REIT (ASX: CIP) has launched a fully underwritten $300m guaranteed exchangeable notes offering.
The Notes will pay a fixed coupon of 3.95% per annum, and are exchangeable into CIP units at an initial exchange price of A$4.16.
Merrill Lynch Equities (Australia) Limited and Morgan Stanley & Co. International Plc are acting as Joint Global Coordinators, Bookrunners and Underwriters to the issue of the Notes.

2023-02-17 09:22:00

DAL: Ni-Cu-PGE Targeted Diamond Drilling Underway at Manning

DALAROO METALS LTD 🔗 📄 📈

A diamond drilling program is underway at the Manning prospect, Namban Project to test significant Ni-Cu-PGE*+Au geochemical anomalies.
The program consists of five deep diamond drill holes, partly funded by an Exploration Incentive Scheme grant.
The Manning prospect has potential for magmatic intrusion hosted Ni-Cu-PGE-Au and/or hydrothermal deposits in the West Yilgarn Province.

2023-02-17 09:22:00

PAN: Final Concentrate Shipment Departs to Jinchuan

PANORAMIC RESOURCES LIMITED 🔗 📄 📈

Final shipment of nickel-copper-cobalt concentrate to Jinchuan departed Wyndham on 15 February, loaded with 8,185wmt of concentrate.
Provisional invoice of US$13.5M (A$19.5M) is expected early next week.
First shipment to Trafigura as part of a five-year concentrate sales agreement will depart in mid-March.

2023-02-17 09:18:00

SLZ: Initial Geochemistry Confirms Target Geology at Kulin Hill

SULTAN RESOURCES LTD 🔗 📄 📈

Initial assay results returned for recently completed stratigraphic diamond hole confirm on-ground geological interpretation.
Reconnaissance over target area (Reserve 18455) concluded water levels in salt lake remain too high for any immediate access.
Geophysics programme designed to be implemented subject to final geochemical results and salt lake access.

2023-02-17 09:14:00

WTC: WiseTech Global acquires Blume Global

WISETECH GLOBAL LIMITED 🔗 📄 📈

WiseTech acquired Blume Global for US $414 million.
Blume provides a platform for execution and visibility of rail transport in North America.
The acquisition extends WiseTech's presence in landside logistics through the addition of rail.

2023-02-17 09:10:00

AOF: Sale of 5 Eden Park Drive Macquarie Park

AUSTRALIAN UNITY OFFICE FUND 🔗 📄 📈

Australian Unity Investment Real Estate Limited (AUIREL) has exchanged a contract to sell 5 Eden Park Drive, Macquarie Park for $80.75 million.
The sale price is approximately 1% premium to the 30 June 2022 independent valuation of $80.0 million.
Settlement is expected in March 2023 and will leave AOF with no drawn debt and over $40 million of cash.

2023-02-17 09:08:00

LFS: Latitude Appoints Mr Bob Belan as MD & CEO

LATITUDE GROUP HOLDINGS LIMITED 🔗 📄 📈

Latitude Group Holdings Limited has appointed Bob Belan as Managing Director and Chief Executive Officer effective 1 April 2023.
Mr Belan has more than 20 years’ experience in leading consumer finance businesses across Australia, Asia and the USA.
Ahmed Fahour announced his desire to step down from the Managing Director and Chief Executive Officer roles in August 2022, with a finish date of 31 March 2023.

2023-02-17 08:44:00

DXB: DXB to Receive $2.8m in Prepayment of R&D Tax Incentive

DIMERIX LIMITED 🔗 📄 📈

Dimerix Limited has entered into a non-dilutive funding agreement with Radium Capital.
The agreement provides Dimerix with immediate funds equivalent to 80% of its accrued R&D tax incentive for the period 1 July 2022 – 31 December 2022.
The initial advance of $2,842,500 was based on eligible R&D Tax incentive expenditure that has been verified by an independent accounting firm.

2023-02-17 08:32:00

TYR: Tyro Reaches Agreement to Settle Class Action

TYRO PAYMENTS LIMITED 🔗 📄 📈

Tyro Payments Limited has entered into a Settlement Deed with the Federal Court of Australia regarding an in-principle settlement of a class action filed.
The settlement is subject to Court approval and payment of the settlement amount is not expected to incur any additional cost or expense to Tyro.
In agreeing to resolve the class action, Tyro makes no admission as to liability.

2023-02-17 08:27:00

AUK: Conversion of $1.4m of debt into AUK equity

AUMAKE LIMITED. 🔗 📄 📈

Aumake Limited has executed a Debt Release Deed with Grand Aust International Pty Ltd and Grand Aust New Zealand Pty Ltd, converting $1.4 million of debt into Aumake equity.
Aumake will issue 160,249,420 ordinary fully paid shares at an issue price of $0.00888 per share, and grant GAT 52,348,144 options exercisable at $0.0085 and expiring two years from their date of issue.
The agreement is subject to the receipt of shareholder approval in accordance with ASX Listing Rule 7.1.

2023-02-17 08:18:00

BBN: CEO & Managing Director succession process

BABY BUNTING GROUP LIMITED 🔗 📄 📈

Baby Bunting Chair, Melanie Wilson, announced the planned succession process for the CEO & Managing Director position.
CEO & Managing Director, Matt Spencer, will leave the Company after 11 years in the role.
Matt led Baby Bunting to an IPO and grew the store network from 33 to 70 stores with annual sales of $0.5 billion.

2023-02-17 08:17:00

CY5: Cygnus acquires ground next to the Pontax Lithium Project

CYGNUS GOLD LIMITED 🔗 📄 📈

Cygnus has acquired 9km of additional strike on the Chambois Greenstone Belt, giving it a total of 20km of prospective ground.
The company has now completed three complimentary transactions for land packages in the James Bay District since July 2022.
Strong assays from first two holes identified multiple high grade mineralised zones of Li2O.

2023-02-17 08:15:00

LCL: Review of Imou Project sparks follow up field program

LOS CERROS LIMITED 🔗 📄 📈

Geological review of the Imou copper/gold target commissioned for a field program to commence in Q2 2023.
Project is a large Cu-Au porphyry project with associated epithermal targets in the same district as multi-million-ounce Ok Tedi, Porgera and Frieda River projects in PNG.
Company held over $8.4M cash at 31 December 2022.

2023-02-17 08:14:00

PLL: Piedmont & LG Chem Sign Equity Investment & Binding Offtake

PIEDMONT LITHIUM INC. 🔗 📄 📈

LG Chem to invest $75 million to acquire Piedmont Lithium common shares.
Piedmont to supply LG Chem with 200,000 metric tons of spodumene concentrate over four years.
Agreements illustrate the benefits of the Inflation Reduction Act of 2022.

2023-02-17 08:14:00

TWR: Tower Resilient to Recent Weather Events, updates guidance

TOWER LIMITED 🔗 📄 📈

Tower Limited (NZX/ASX: TWR) has provided an update on the financial impacts of two natural disasters – the Auckland and Upper North Island Weather Event and Cyclone Gabrielle.
The personal and economic impacts of these events is a reminder of the critical role insurance plays in bolstering our collective resilience.
Tower has received approximately 4,850 claims to date in relation to the Auckland and Upper North Island Weather Event.

2023-02-17 07:32:00

TRU: TruScreen to Launch Pro Rata Renounceable Rights Issue

TRUSCREEN GROUP LIMITED 🔗 📄 📈

TruScreen is launching a one (1) for five (5) pro-rata renounceable rights issue with the aim to raise up to circa NZD$2.2 million
There will be approximately 72,573,250 new fully paid ordinary shares issued under the Rights Offer at an Issue Price of NZD$0.03/AUD$0.029 per share
Rights will not be quoted on the NZX Main Board or the ASX and holders of Rights shall be entitled to sell their Rights privately off-market

2023-02-17 07:31:00

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