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PENNANT INTERNATIONAL GROUP PLC (PEN.LN), the supplier of
logistic support solutions, Wednesday said results for 2013 are
likely to exceed current market expectations, partly due to a new
order valued at about 1.3 million pounds ($2.0 million).
At 1045 GMT shares +8.5 pence, or 13.3%, at 72.5 pence.
PURSUIT DYNAMICS PLC (PDX.LN) announced it has agreed to sell
its patent rights for its atomiser technology to Tyco Fire &
Security Gmbhfor $100,000. the company is also exploring
opportunities for its remaining operating businesses with a view to
eliminating its liabilities.
Shares -0.4 pence, or 15.4%, at 2.0 pence.
COAL OF AFRICA LTD. (CZA.AU) released a positive definitive
feasibility study for its flagship Makhado coking coal project in
the Limpopo Province of South Africa. Estimated annual production
is 2.3 million tons of hard coking coal and 3.2 million tons of
thermal coal for a capital expenditure of 3.96 billion rand ($397
million) including contingencies.
Shares in London +1.0 pence, or 9.5%, at 11.5 pence.
IMPELLAM GROUP PLC (IPEL.LN), the staffing firm, expects
unadjusted earnings per share to be broadly flat in the first half
compared with the prior year and said trading in the first five
months of 2013 has been broadly in line with the board's
expectations.
Shares -23.5 pence, or 5.7%, at 387.5 pence.
INTERNETQ PLC (INTQ.LN), a provider of mobile marketing and
digital entertainment solutions for mobile network operators, has
entered a strategic partnership agreement with General Mobile
Technology, a mobile platform operator that provides mobile
Internet services across emerging markets and an investee company
of MediaTek Inc. (2454.TW).
Shares +17.75 pence, or 5.7%, at 330.0 pence.
CAZA OIL & GAS INC. (CAZ.T), a U.S.-focused oil company, has
agreed to a GBP450,000 advance under its GBP6 million standby
equity distribution agreement with YA Global Master SPV Ltd., an
investment fund managed by Yorkville Advisors Global, LP.
Shares in London +0.1 pence, or 1.0%, at 12.1 pence.
TETHYS PETROLEUM LTD. (TPL.T), a Central Asia-focused oil
company, said it has a busy and active program in Kazakhstan in the
second half of the year, including exploration, testing of existing
wells and workovers, which will move Tethys closer to exploiting
the potential of its gas and liquids portfolio.
It expects total capital expenditure for the program at
approximately $20.4 million
Shares in London -1.0 pence, or 1.8%, at 54.5 pence.
GULF KEYSTONE PETROLEUM LTD. (GKP.LN), an oil company focused on
the Kurdistan Region of Iraq, has started its drilling campaign to
explore deeper, yet untested horizons of the Shaikan field, which
it operates.
Shares -1.5 pence, or 1.0%, at 150.5 pence.
FTSE Small-Cap -0.02%
AIM -0.07%
Write to Iain Packham and Jana Weigand at
uksmallcaps@dowjones.com
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