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TRADING UPDATES: Zanaga to close acquisition; Regional secures lease

ALN

The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Regional REIT Ltd - London-based real estate investment trust - Secures a £840,991 lease agreement for the Birmingham office. The lease agreement will last for 15 years with a 10 year break clause. ‘We are delighted to have secured this large letting to Global Banking School at Norfolk House, Smallbrook Queensway. GBS was attracted to the high-standard refurbished property due to its ideal location, adjacent to Birmingham New Street railway station, and it being one of the few properties in Birmingham offering flexible floor plates in excess of 10,000 square feet,’ Stephen Inglis, chief executive officer of London & Scottish Property Investment Management, Asset Manager comments.

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Empire Metals Ltd - London-based minerals explorer and developer - Says its exploration licence area at the Pitfield copper project in Western Australia was expanded to cover the potential copper province. Says the new licences could cover a ‘giant’ copper mineralised system. Adds that Pitfield has the potential to contain multiple sediment-hosted stratabound copper deposits.

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MobilityOne Ltd - Malaysia-based e-commerce infrastructure payments and platform provider - Says that its joint venture with Super Apps is delayed until the merger exercise is completed on July 20, 2023.

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Zanaga Iron Ore Company Ltd - iron ore exploration and development company - Expects that the acquisition of all of Glencore Projects Pty Ltd will be completed on December 16. Effective from Completion, the Company will appoint Peter Hill and Denis Weinstein to the board of the company, it adds.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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