Punch purchases seven-pub package from Heartstone Inns
As reported by
The MA in January, the operator of about 1,250 pubs across England, Scotland and Wales, completed the acquisition of seven pubs from Heartstone Inns.
Established in 2007, Heartstone Inns will continue to operate its remaining eight pubs following the sale of seven sites in the south-west to Punch.
“We are pleased to welcome these seven wonderful pubs into the Punch family and look forward to working together with our new publicans and their teams,” Punch chief executive officer Clive Chesser said.
“We would like to thank Heartstone Inns, who have been working closely with us to ensure a smooth transition for everyone. We have plans to invest in all seven pubs during 2020, providing them with industry-leading support to allow them to flourish, while ensuring they continue to operate at the very heart of their local communities. We will provide further updates as these plans progress, but in
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, provides an update on its 11.80% interest in Thani Stratex Djibouti Limited ( TSD ). Further to its announcement on 1 October 2020, the Company has been advised that TSD has completed an additional 321.50 metres ( m ) diamond drilling, in three holes, and 1,884m reverse circulation ( RC ) drilling, in 18 holes, at the Hesdaba epithermal gold project ( Hesdaba or the Project ) in Djibouti, thus completing its Phase 1 programme. Remaining results from this programme are anticipated in Q1-2021, and will follow previously reported intersections of up to 15.00m grading 4.08 grammes per tonne ( g/t ) gold ( Au ).
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Resignation of CFO Salt Lake Potash Limited (SO4 or the Company) is pleased to advise that the first tranche of its share placement to institutional shareholders and investors, as announced on 11 December 2020, has completed and the Share Purchase Plan that was also announced, opens today. Accordingly, the Company has today issued 125 million fully paid ordinary shares of no par value ( Ordinary Shares ) at A$0.40 per new share to raise A$50 million before costs. Dealings on AIM of the 125,000,000 placement shares commenced at 8:00am today The completed equity raising enables the first drawdown of US$105 million under the Taurus/CEFC US$138 million Syndicated Facility Agreement in December 2020.
Update on Commencement of Maiden Drill Programme
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, provides an update on its Bibemi project ( Bibemi ) in Cameroon. The Company is pleased to report that recent mapping and selective rock-chip sampling to the south west of the main Bakassi area ( Bakassi ) has identified two new prospects, Lawa West and Lawa East (the Prospects ), which have returned results of up to 11.68 grammes per tonne ( g/t ) gold ( Au ) and 22.38 g/t Au respectively.
The results have extended the known gold system at Bibemi by three kilometres ( km ) to 8.3km and mineralisation remains open to the south west. The Company plans to test the new Prospects with eight drill holes and, together with further three holes at Bakassi Zone 1, the planned maiden diamond drilling programme now stands at 28 holes for 3,080 metres ( m ). The rig is now expected to arrive in Cameroon in late December 2020, following mi