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The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Steppe Cement Ltd - Kazakhstan-based cement producer - Says it plans a capital repayment of about 1.5 pence per share, to be effected through a capital reduction under the Labuan Companies Act. The return of cash totals $4.4 million, with no change to the 219 million shares in issue. The proposal requires shareholder approval at an EGM on December 5 in Kuala Lumpur. ---------- Oriole Resources PLC - West and Central Africa-focused gold exploration company - Raises £1.8 million via placing and subscription of 750 million shares at 0.24 pence each. Placing, undertaken by Shard Capital Partners LLP, raises just under £1.7 million and the subscription by directors and associated parties including Greenwood Capital Partners Ltd, the company’s investment research provider, raises £120,000. Placees include the RAB Capital Group which takes 13.3% of the placing and holds around 2.1% of the company. Proceeds will be used to advance the company’s assets in Cameroon during the 2025/26 field season and provide capital for a drilling programme at the MB01-S deposit, focus on extensive exploration work in the Eastern Central Licence Package, and enable the completion of technical studies in support of the company’s application for an exploitation licence at the Bibemi project. Oriole plans to raise a further £200,000 via retail offer at the same price, via the Winterflood Retail Access Platform. Additional funds will provide Oriole with additional working capital. ---------- Amigo Holdings PLC - West and Central Africa-focused gold exploration company - Conditionally secures investors to raise £1.5 million via subscription of unlisted convertible loan notes. The loan notes are convertible at a price of 0.3 pence per Amigo shares into a maximum of 500 million shares. The notes are subject only to approval by shareholders at a general meeting. Amigo pays Craig Ransley £200,000 as part of a consultancy agreement and his part in securing investors for subscription. Ransley will use fee to subscribe for Amigo shares. ‘This fund raising is testament to Craig’s ability to attract new risk capital investors and is an important step in creating a future for Amigo and value for shareholders. While there’s no certainty that a deal will happen, we believe Craig’s experience significantly improves our chances of making it possible,’ says Amigo Chair Jonathan Roe. ---------- Caledonian Holdings PLC - investment company focused on financial services - Agrees £3.5 million funding package with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global LP. This comprises a £500,000 cash subscription at 0.0035 pence per share and £3 million unsecured convertible loan note issuance. In addition, launches £12 million At-The-Market equity issuance facility. The funding allows immediate further investment into AlbaCo Ltd, an existing investee company. ‘Together, the facilities strengthen Caledonian’s financial position ahead of key regulatory and investment milestones and provide the flexibility to manage working capital without reliance on a single capital source,’ company says. ---------- Georgina Energy PLC - helium and hydrogen exploration company - Raises £200,000 via placing at 5 pence per share to an institutional investor. Also enters a debt facility with the same investor of up to £1.0 million. Georgina Energy will initially draw down £300,000 with any further amounts to be agreed between the company and the investor. The facility has a term of 3 years, and each drawdown of the debt has a term of 12 months. The first drawdown will be convertible at 8p per share. There is no interest to be applied to the loan. Chief Executive Anthony Hamilton says: ‘We are delighted to welcome an institutional investor on the company’s share register. This strategic investment not only strengthens our balance sheet but also underscores institutional confidence in our vision and asset base. The funding provides us with the flexibility to accelerate the advancement of our key projects and evaluate additional growth opportunities to deliver enhanced shareholder value.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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