Top 5 Most Read RNS's on Vox Markets for Wednesday 21st December 2022

Episode 1087,   Dec 21, 2022, 08:27 AM

Top 5 Most Read RNS's on Vox Markets for Wednesday 21st December 2022

5. Caracal Gold #GCAT - Scoping Study Delivers Robust Project Economics

Caracal Gold publishes a Scoping Study focused on the expansion of its flagship Kilimapesa Hill Gold Project in Kenya, which highlights robust project economics.

HIGHLIGHTS: Robust economics with upside to expand production (post tax, based on a gold price ofUS$1,700/oz for 3 months and then US$1,650/oz for remaining 10 years), 114% internal rate of return, 2-year payback period & US$12.6m first full year free cash flow.

4. Oriole Resources #ORR - Update on Senala Gold Project in Senegal

Oriole Resources PLC, reports that it's partner on the Senala gold project in Senegal, IAMGOLD Corporation, has signed a definitive agreement to sell its portfolio of projects in Senegal, Mali and Guinea to Managem Group for an aggregate consideration of approximately US$282 million.

3. Canadian O'Seas Petr #COPL - Costless Hedge Restructuring and Corporate Update

Canadian Overseas Petroleum Limited announceS a costless restructuring of its West Texas Intermediate and Butane ("Normal NC4") hedges effective 1 January 2023, as the Company prepares for senior debt refinancing in the first quarter of 2023.  

2. Poolbeg Pharma #POLB - Poolbeg identifies novel RSV drug candidates

Poolbeg identifies new potential drug candidates for Respiratory Syncytial Virus infections as part of Artificial Intelligence Programme in collaboration with OneThree Biotech.

This is the first time RSV drug candidates identified using AI.

1. Supply @ME Capital #SYME - Strategic Alliance with VeChain Foundation

On 28 June 2022, the Company announced its entry into the Agreement with VeChain, pursuant to which the parties began to create the Web3 stream with the intention of funding up to US$10 million of Inventory Monetisation transactions, leveraging the minting of dedicated non-fungible tokens to be directly subscribed for by VeChain.

The Agreement has two phases, both in terms of investment opportunities and technology development.

Phase one the Inaugural IM transaction: update has seen the total value of the initial warehoused goods monetised was approximately €1.6 million.