3 Companies Rising on Good News for Wednesday 19th April 2023
Episode 1340, Apr 19, 2023, 09:03 AM
3 Companies Rising on Good News for Wednesday 19th April 2023
1. Genflow Biosciences #GENF- OTCQB Application
The board of Genflow announce that the Company has submitted an application for trading of the Company's ordinary shares on the OTCQB Venture Market in the United States.
Trading on the OTCQB market will allow Genflow to access one of the world's largest investment markets, and expand its reach to a broader pool of investors thus creating the potential for greater liquidity in its Shares.
2. Kistos Holdings #KIST - Agreement to Acquire Mime Petroleum A.S
On completion, the acquisition will add 24 MMboe of 2P reserves and will also add over 2,000 boe/d of production immediately.
Group production in 2023 will be in the range of 8,500 and 10,500boe/d.
The consideration for the transaction is US$1 plus the issue of up to 6 million warrants exercisable into new Kistos ordinary shares at a price of 385p
3. Hummingbird Resources #HUM - Q1 2023 Operational and Trading Update
Quarterly gold production for Q1 2023 of 27,262 ounces ("oz") (Q4 2022 of 28,264 oz, and Q1 2022 of 15,548 oz).
AISC of US$1,109 per oz for Q1 2023 (a +11% improvement from Q4 2022 of $1,248 per oz and +50% from Q1 2022 of US$2,235 per oz).
26,380 oz of gold sold in Q1 2023 at an average realised price of US$1,878 per oz (Q4 2022: 27,860 oz of gold sold at an average realised price of US$1,726 per oz).
1. Genflow Biosciences #GENF- OTCQB Application
The board of Genflow announce that the Company has submitted an application for trading of the Company's ordinary shares on the OTCQB Venture Market in the United States.
Trading on the OTCQB market will allow Genflow to access one of the world's largest investment markets, and expand its reach to a broader pool of investors thus creating the potential for greater liquidity in its Shares.
2. Kistos Holdings #KIST - Agreement to Acquire Mime Petroleum A.S
On completion, the acquisition will add 24 MMboe of 2P reserves and will also add over 2,000 boe/d of production immediately.
Group production in 2023 will be in the range of 8,500 and 10,500boe/d.
The consideration for the transaction is US$1 plus the issue of up to 6 million warrants exercisable into new Kistos ordinary shares at a price of 385p
3. Hummingbird Resources #HUM - Q1 2023 Operational and Trading Update
Quarterly gold production for Q1 2023 of 27,262 ounces ("oz") (Q4 2022 of 28,264 oz, and Q1 2022 of 15,548 oz).
AISC of US$1,109 per oz for Q1 2023 (a +11% improvement from Q4 2022 of $1,248 per oz and +50% from Q1 2022 of US$2,235 per oz).
26,380 oz of gold sold in Q1 2023 at an average realised price of US$1,878 per oz (Q4 2022: 27,860 oz of gold sold at an average realised price of US$1,726 per oz).