There was a smattering of small-cap news for investors to digest on Friday.
In mining, Golden Saint Resources (LON:GSR) has begun its 2013 field exploration programme on the Tongo diamond project in Sierra Leone.
The work is a continuation of the regional mapping, soil and rock sampling, pitting and regional stream sediment sampling carried out last season.
Chief executive Nick Burn said: "We are excited to be back on the ground at Tongo to follow up on the positive results of our 2012 field exploration programme.
International Mining & Infrastructure Corporation (LON:IMIC) is already looking at how it will develop the Nkout iron ore deposit in Cameroon as the US$200mln takeover of Afferro Mining, the project’s current owner, nears completion.
It has preliminary off-take deals with the Chinese as well as interest from the People’s Republic to help it develop a mine and build the rail route needed to get ore to the coast.
IMIC investors will vote to formally ratify the acquisition of Afferro, pitched at 80p a share in cash with a two-year convertible loan note worth 40p a share, later this month. Afferro investors have already given their approval.
"We are close to completing the acquisition of Afferro Mining, which will transform IMIC into the owner of high quality iron ore assets in Cameroon, including the Nkout Iron Ore Project,” IMIC chairman Haresh Kanabar said in an update alongside the firm’s full-year results today.
In other news, TV technology firm MTV (LON:MTV) is to buy back a chunk of its convertible loan notes in an equity-for-debt swap.
Island Investments Holdings is to hand back convertible loan notes with a nominal value of just over a million pounds to Motive, in return for 4,565mln shares priced at 0.023p each. Island has also been granted warrants to subscribe for 1,667 mln Motive shares at a strike price of 0.025p per share.
Fastjet's (LON:FJET) long-awaited Dar es Salaam-Johannesburg route started operating today.
The low-cost airline joined the ranks of international carriers with its first flight between Dar es Salaam, in Tanzania, and Johannesburg, in South Africa.
Elsewhere, Jupiter Energy (LON:JPRL, ASX:JPRL) has reiterated its full year production and sales targets after a third quarter production update.
The sales target for the year remains 265,000 barrels sold for a total of around US$8.4mln after a quarter in which around 60,600 barrels were sold in the domestic market for US$2.02mln, at an average price of around US$33.30 a barrel at the well head.
Average daily production clocked in at about 673 barrels.
Also today, dotDigital (LON:DOTD) said that following its final results on Tuesday and proposals for a maiden divi, it had seen strong demand for the shares from institutional investors and current shareholders.
As a results certain directors have reduced their holdings, it revealed.
Chief executive Peter Simmonds said in a brief stock exchange staement: "We are delighted with the positive feedback we have received from both current shareholders and new institutions following publication of the company's final results and the announcement that we will propose a maiden final dividend at the forthcoming AGM.
"We welcome the investment interest in dotDigital demonstrated by a number of highly regarded new institutional investors which we believe can only strengthen our shareholder base over the medium and longer term."
Also today, Bridge Energy (LON:BRDG) noted today an annoucement from Spike Exploration, which has put in a takeover offer for the firm, saying following acceptances, Spike now holds around 96.7% of Bridge shares.