UK Politics

Escape Hunt rises after TripAdvisor Travellers’ Choice Winner award


Escape Hunt PLC (LON:ESC) gained 15% to 8.6p in early deals on Wednesday after its eight UK sites were awarded the Travellers' Choice Winner denomination by TripAdvisor.

The companys escape rooms are now among the top 10% of attractions worldwide present on the online travel platform.

“Whilst the uncertainty from COVID-19 remains, the strong support shown by our customers, evidenced by the TripAdvisor scores, coupled with the confidence shown in the business by our investors gives us cause for optimism,” said Escape Hunt chief executive Richard Harpham in a statement.

Elsewhere, EQTEC PLC (LON:EQT) rose 11% to 0.68p on the back of a deal with German firm ewerGy relating to a waste gasification project in Larissa in Greece, the countrys first waste gasification plant.

The waste-to-energy technology firm will sell equipment and provide engineering & design services to ewerGy for €2mln, which will be paid in stages over 18 months.

The AIM-listed company said the financial close for the Larissa plant has occurred with the first milestone payment of €200,000 expected to be received in September this year.

Proactive news headlines

4D pharma plc (LON:DDDD) has said results of a trial using its Live Biotherapeutic in combination with an established cancer drug called a checkpoint inhibitor “far exceeded” the threshold for success set out before the study began. MRx0518 was used alongside Merck & Cos Keytruda to treat 12 end of line patients with either advanced metastatic renal cell carcinoma or metastatic non-small cell lung cancer. Five people, or 42% of the group, experienced a clinically meaningful benefit from the two drugs. This was well ahead of the success threshold of 10% agreed at the outset of the phase I/II trial. Three patients enjoyed whats called a partial response to the combination with tumour shrinkage of 30% or greater; in the other two the disease remained stable. The median duration of treatment for the five patients experiencing the clinical benefit from the regimen is now 13.2 months. The treatment itself was well tolerated with no serious adverse effects.

EQTEC PLC (LON:EQT) said it has signed an equipment sale and services deal with German EPC firm ewerGy relating to a waste gasification project in Larissa in Greece, the countrys first waste gasification plant. The AIM-listed waste-to-energy technology firm said the deal involves the sale of equipment and engineering & design services to ewerGy worth €2mln, which will be paid in stages over 18 months. EQTEC also said the financial close for the Larissa plant has occurred with the first milestone payment of €200,000 expected to be received in September this year.

Iofina PLC (LON:IOF) has said it is making “continued positive progress” regarding its debt refinancing with a new US lender. The iodine maker said the necessary internal approvals have now been obtained by the lender and the transaction is in the final legal documentation phase, with the specifics of the transaction to be detailed to the market once documentation is complete and finalised. General terms include a term loan as well as a revolving line of credit which will allow Iofina to fully pay current debt holders.

Blue Star Capital PLC (LON:BLU) has said that SatoshiPay, the payment company in which it has 27.7% stake, has processed over €1mln of transactions for publishing clients. German giant Axel Springer has been an early adopter of the technology as has Börsenmedien's leading German retail investor magazine ​Der Aktionär​. The blockchain-enabled clearing platform has allowed readers to make micro-payments for premium content rather than being forced to take out subscriptions.

Panther Metals PLC (LON:PALM) said it has identified a structural zone at its Marrakai gold project in Australias Northern Territory. An assessment of available ground and airborne geophysical data has confirmed the presence of a 3.6 kilometre (km) by 0.5km structural zone that Panther believes might control the location of mineralisation within the project. Identified gold prospects at Steve's Hill, John's Reef Gold and Chins are closely associated to this NE magnetic trend according to the data, Panther added. Previously unrecognised high-priority magnetic targets were also present in the southern portion of the exploration licence that showed a similar geophysical response to Steve's Hill.

Emmerson PLC (LON:EML) has announced the findings of a socio-economic study which confirms that the Khemisset potash project in Morocco will provide significant benefits at local, regional and national levels. The study, authored by economics professor Sallem Koubida, estimates the mine project will lift local GDP per capita by around 40%. It will create 2,385 direct and indirect jobs during construction, the study estimates, while the operational mine will create 1,500 jobs – comprising 760 direct employees – with the company aiming to fill 90% of roles with people from the Khemisset area and surrounding communities.

Union Jack Oil PLC (LON:UJO) has noted a resolution of the dispute between its fellow partners in the PEDL253 licence, which hosts the Biscathorpe project in Lincolnshire. A payment from Humber Oil & Gas has been received by Egdon Resources PLC (LON:EDR) following a confidential settlement agreement, agreed in June. Back then, Humber and Egdon had said they looked forward to co-operating in the future in the development of the licence.

ADM Energy PLC (LON:ADME) said it has raised £672,500 with the funds set to be used to support its deal to acquire an additional stake in the OML 113 asset in Nigeria. It will allow the company to satisfy the £500,000 cash payment in the agreed acquisition from EER, giving the company an additional 2.25% interest in OML 113 taking its stake to 5%, while the profit interest increases to 9.2% from 5%. "This funding brings us a step closer to completing our first deal under the company's new leadership, increasing ADM's position in the highly strategic asset of OML 113,” said Osamede Okhomina, ADM chief executive.

ADM Energy also said it had received notification for the exercise of warrants from participants in the £200,000 loan facility announced on April 27, 2020. The exercise of warrants is over 5,208,333 ordinary shares of 1 pence each in the capital of the company at a price of 2.4p per share. The proceeds of the warrant exercise amounts to £125,000 and have been applied against the original loan amount from the lenders. The compaRead More – Source