IN BRIEF: Forgent completes placing, progresses Peak Hills deal

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Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, formerly Eqtec PLC - Completes £1.3 million placing at 0.015 pence per share. In addition, says it also partially exercised its binding exclusive option over Peak Hills, first announced in January and April. Forgent has acquired a 51% stake in the project with the balance of 48% remaining under option, extended for a further five months. Forgent will pay $206,060 for the 51% stake.

Current stock price: 0.015 pence

12-month change: down 98%

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