LONDON: HgCapital Trust plc (HGT) announced the completion of a £200 million multicurrency revolving credit facility. The facility will be used to help ensure the future growth of HGT to fund investments, co-investments, and further commitments to Hg funds. HGT’s net liquid resources available for future deployment (including all announced transactions and the interim dividend…
Schroder UK‘s Seedrs announces plan to merge with Crowdcube
LONDON: Schroder UK Public Private Trust notes that portfolio company Seedrs Ltd has announced plans to merge with Crowdcube Ltd to create one of the world’s largest private equity marketplaces. On Monday 5th October 2020, Crowdcube and Seedrs announced that they had agreed terms for a merger, in a move that will accelerate their plans…
Citation Growth Corp to purchase micro cultivation facility in British Columbia
KELOWNA: Citation Growth Corp. has executed a non-binding letter of intent to purchase state-of-the-art micro cultivation facility in British Columbia. Citation’s management team anticipates the execution of a Definitive Agreement to purchase the business and micro license application on or before November 30, 2020 with the closing of the transaction anticipated to follow shortly thereafter…
Kuya Silver commence trading on the CSE under the Symbol “KUYA”
TORONTO: Kuya Silver Corporation announced that the common shares of the Company commenced trading on the Canadian Securities Exchange (CSE) under the symbol “KUYA”. The Company’s main objective is to implement a growth strategy at the Bethania Silver mining project located in Central Peru, with a focus on two main areas: growth in production and…
Thomas M. Quindlen joins the Board of IDEX Biometrics
OSLO: The nomination committee of IDEX Biometrics ASA has invited payment veteran Thomas M. Quindlen to join the company’s board. Mr. Quindlen will act, with immediate effect, as a non-voting board observer and advisor, pending board election at IDEX Biometrics’ next general meeting of shareholders. Mr. Quindlen is Executive Vice President and CEO for Retail…
West Bollsta commenced operations for Lundin Energy Norway
HAMILTON: Northern Ocean Ltd. (NOL) announced the harsh environment semi-submersible drilling rig West Bollsta commenced its operations for Lundin Energy Norway AS in the Barents Sea. The West Bollsta’s initial contract is for work in the Norwegian continental shelf under a 10 well contract with 4 additional option wells available to Lundin. As previously disclosed,…
PSO invites bids for supply of three LNG cargoes in winter
ISLAMABAD: State owned Pakistan State Oil (PSO) has opted for spot buying of Liquefied Natural Gas (LNG) inviting bids from international suppliers for the import of three LNG consignments to be delivered each in November 2020, December 2020 and January 2021. Pakistan is ramping up spot buying of LNG, which is considerably cheaper than the…
Gaming Realms signs licensing agreement with NetEnt
LONDON: Gaming Realms plc, the developer and licensor of mobile focused gaming content, has signed a multi-year licensing agreement with leading provider of premium gaming solutions to online casino operators, NetEnt, to develop Slingo games based on NetEnt’s renowned IP. The first game to be launched will be Slingo Starburst. Under the terms of the…
Invinity selected for California energy storage projects
LONDON: Invinity Energy Systems announced its participation in four separate energy storage projects funded by the California Energy Commission (CEC). Invinity Energy Systems is a manufacturer of vanadium flow batteries (VFBs) for the large-scale energy storage requirements of businesses, industry and electricity networks. In January 2020, the California Energy Commission, California‘s primary energy policy and…
EG Report shows a surge in interest for satellite offices post COVID-19 lockdown
LONDON: EG, a market-leading supplier of data, news and analytics products and services for the UK commercial real estate market announced today the findings of its inaugural EG Propertylink Occupier Sentiment Report, which were made public for the first time. The report found that interest in offices in satellite and regional locations has surged since…
Total enters the floating offshore wind sector in France
PARIS: Total SE becomes a 20% shareholder in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle (Occitan region), a news release said. Attributed in July 2016, this 30 megawatts (MW) project will accelerate the development of a floating wind technology. Together with Qair, the…
entrexIT and Biocom launch new IT platform for life science companies
SAN DIEGO: centrexIT and Biocom announced the launch of IT Deal Desk. The latest platform provides Biocom members with exclusive access to an extensive, vetted partner network and simplifies the task of negotiating and securing agreements on members’ behalf. “centrexIT has decades of collective experience operating IT strategy in the life science industry. Currently, roughly…