The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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Challenger Energy Group PLC, up 15% at 7 pence, 12-month range 1.875p-8.3p. Says process for its farmout agreement with Chevron Corp for the Area Off-1 licence in Uruguay has progressed to the final stage. Says the board of ANCAP, Uruguay’s state-owned oil company with regulatory responsibility for offshore licences, approved the farmout on Wednesday last week. Final regulatory stage consists of the farmout being notified to the Uruguayan Ministry of Industry, Energy & Mining. The requisite consortium agreement between Challenger and Chevron will concurrently be submitted to the Uruguayan Ministry of Economy & Finance for registration. The farmout can be completed once the consortium agreement is registered and a 20-day notification period has elapsed, Challenger says.
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Electric Guitar PLC, up 8.3% at 0.65p, 12-month range 0.55p-2.1p. Principal operating subsidiary 3radical Ltd has won a new campaign deal with Mediacorp, ‘Singapore’s largest content creator and national media network’, following a ‘highly successful’ test campaign. 3radical’s Voco engagement platform was deployed on Mediacorp’s website for the trial, and ‘captured valuable consumer data and saw significant increases in web traffic’, Electric Guitar says. Adds that the deal will build on intelligence from the test run and use behavioural data to further personalise the experience of Mediacorp’s website visitors, serving a wider national audience.
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AIM - LOSERS
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Distil PLC, down 28% at 0.145p, 12-month range 0.145p-0.725p. Announces plans to raise £650,000 from issuing 541.7 million new shares at 0.12p each with placing warrants at 0.36p. Non-Executive Director Roland Grain has invested £200,000 to subscribe for 166.7 million of these. Major shareholder Graham Cooley is investing £90,000 for 75.0 million shares via the placing. Company says fundraise ‘will provide working capital, including to fund production and promotion for the important Christmas season; production of promotional limited edition stock; development of brand range extensions; major account listings for On & Off Trade; and ready to serve developments’. Issue price represents roughly 40% discount to closing price of 0.20p on Friday.
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