News

Debt management specialist Sterling Green has raised £550,000, before expenses, from a placing of 22m ordinary shares at 2.5p per share. The funds will be used for working capital.

Triple Plate Junction has raised $3.87m through the placing of 10.5m shares with Vietnam Resource Investments, a resource focused fund run by the Dragon Capital Group. Proceeds from the placement will be used on exploration and operating costs. The shares were placed at 18.5p and represents 10% of the expanded share capital of TPJ.

Gold miner Archipelago Resources is to raise £2.3m though the issue of 9.81m shares at 23.5p to Asia Image Ltd, Hong Kong. The money will be used for working capital.

BellaMedia says it has received an email communication suggesting that a consortium of investors wishes to make a formal alternative offer for the whole of the issued share capital of the company's operating subsidiary, Bella Media Inc, for a cash consideration of $800,000. The board and its advisers are seeking clarification on this approach, a statement from Bella Media said.

International Marketing & Sales has bought London-based PR group Shared Value Limited for £2.35m, paid 80% in cash and 20% in IMSG shares. Shared Value specialises in Scandinavia, Russia, the CIS, and Central and Eastern Europe. Separately, IMSG has also agreed to acquire Business Ideas Provider Grup, a sales and marketing outsourcing based in Romania.

Emergency services support specialist AssetCo has acquired TVAC, an established provider of engineering solutions to the UK Fire and Rescue Service, and UVM, a leading designer and manufacturer of ambulances. The consideration for TVAC is an initial £2.08m plus a potential deferred consideration of up to £6.9m. The consideration for UVM is an initial £0.7m and up to £0.8m deferred.

Sanatana Diamonds says that Kennecott Canada Exploration intends to exercise its option to subscribe for C$1m of Santana common shares with the subscription price per share to be set pursuant to the terms of the Mackenzie Project Agreement. The subscription will close on 15 January, 2008.

Maple Energy has entered into an agreement with a fund managed by Conduit Capital Partners to purchase its approximate 3.1% interest in Aguaytia Energy for $5m. Aguaytia Energy is an integrated natural gas and electric power business entirely based and operating in Peru.