Egdon Resources up as it receives proceeds

AIM-listed Egdon Resources (LON:EDR) has seen its share price shoot upwards by 11.11% to 2.50p (as of 16:15 BST) after it confirmed receipt of the proceeds from its confidential settlement agreement with Humber Oil & Gas. As a consequence of this, the dispute between the two companies is resolved and management said that they look forward to future co-operation.