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Proactive news summary: Accesso, ATTRAQT, DiamondCorp, Europa, LGO, Providence, Strategic Mins ...

Published: 19:07 06 Jul 2015 BST

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Europa Oil & Gas (LON:EOG) aims to raise £3.4mln through a share sale, with £1.4mln already secured through a conditional institutional placing.

Existing shareholders now have the opportunity to subscribe for a total £2mln worth of additional new shares.  

New shares will be issued at 6p each, a 20% discount to Friday’s closing price.

Sector peer Providence Resources (LON:PVR) has reinforced its commitment to the “vast and under-explored” Porcupine basin, off Ireland’s west coast.

The exploration company told investors it would acquire an additional 4% interest in Frontier Exploration Licence (FEL) 3/04, which hosts the Dunquin South prospect.

Dunquin South is estimated to contain around 1.4bn barrels oil equivalent, and is located in the vicinity of the North Dunquin (44/23-1) well location.

The 4% stake is being acquired from Atlantic Petroleum, and it takes Providence’s interest in the asset to 20% from 16%.

Further afield (in Trinidad) LGO Energy (LON:LGO) chief executive Neil Ritson said the ongoing seven-well drilling programme is “progressing extremely well”, as the company revealed yet more positive results.

The GY-675 well, the fourth of seven, has now reached target depth and has encountered 260 feet of net hydrocarbon pay in the well’s primary target, the C-Sand.

The observed net pay zones are in line with expectations, the company said.

In the mining sector, South Africa-focused miner DiamondCorp (LON:DCP) revealed it had raised the maximum under its open offer and placing at £5.27 million to advance the economics of the Lace mine.

Caledonia Mining (LON:CMCL) expects progressive increases in gold production from 2016 onwards as its investment at the Blanket mine, Zimbabwe, kicks in.

In its second quarter to end June, the miner produced 10,424 ounces of the yellow metal.

A series of trenches dug across ECR Minerals’ (LON:ECR) Itogon gold property in the northern Philippines have yielded some impressive looking results.

Results from the ninth trench were particularly noteworthy, and showed an average grade of 2.43 grams per tonne gold over a width of 60 metres.

Strategic Minerals (LON:SML) said chief executive John Peters had bought shares in the firm worth £23,500.

On Friday he bought 4.7mln shares at 0.50 pence a pop.

Galantas Gold (LON:GAL, CVE:GAL) is to get a shot in the arm from a C$2.4mln private placing, with entrepreneur and mining financier Ross Beaty set to acquire a near 15% stake.

The non-brokered placing will see 20mln units issued, with each comprising one share and one share purchase warrant, which is exercisable into one share for 12 months from closing at C$0.16 a share.

Sierra Rutile (LON:SRX) boosted production of the titanium feedstock by 28% in its latest quarter as the impact of the Ebola crisis eased.

Ariana Resources (LON:AAU) is tidying up land ownership at its Red Rabbit gold project in Turkey ahead of the start of construction at the Kiziltepe mine.

The emerging miner said all freehold land at the tailings dam and process plant sites of Red Rabbit had now been acquired, while 95% of  the total required for the project has now been purchased and what remains will be bought in coming months.

Moving on to healthcare, shares in Allergy Therapeutics (LON:AGY) rose after it said it had received positive results from a study of its dust mite allergy treatment, which found it to be effective and well tolerated.

The one-year follow-up assessment of Acarovac Plus was carried out by Dr Albert Roger, of the Universitari Hospital Germans Trias Pujol, Badalona, Spain.

He found Acarovac Plus saw a greater than 50% decrease in symptom scores in the 30 patients who took part in the study.

On the technology front, ATTRAQT (LON:ATQT), the firm that helps retailers with their online offerings, revealed its Freestyle Merchandising Platform continues to grow from strength to strength and it signed its 100th client last month (June).

The group said 23 new firms signed up in the first half to end June, it said, including All Beauty and Bonmarché; that compares to 21 new clients struck in the same period in 2014.

Its existing Screwfix contract has been extended into other European markets, it added.

Seeing Machines’ (LON:SEE) in-cab fatigue monitors are to be rolled out by Caterpillar in risk assessment programmes across its full range of customers .

The vehicle giant has already installed Seeing Machines’ DSS technology in mining fleets for companies such as BHP Billiton, but this initiative will broaden the scope to other off-road uses such as construction and quarrying.

Meanwhile, Toll Group has become the latest company to sign up to use Seeing Machines’ (LON:SEE) driver safety technology.

The Aussie transport and logistics company will integrate Seeing Machines’ DSS technology, which monitors a vehicle operator’s face for tell-tale signs of fatigue or distraction, into its fleet of vehicles.

Accesso Technology’s (LON:ACSO) US ticketing software businesses ShoWare and SiriusWare have signed up another 16 new customers.

Eight venues have signed agreements for ticket sales platform ShoWare, while a further eight venues have signed up for Siriusware including the Brooklyn Museum of Art, The Skydeck and Black Ball Ferry Line.

Newmark Security (LON:NWT) revealed that its Safetell arm had renewed a £2.5mln service and maintenance contract.

The name of the customer wasn’t revealed, although Newmark said it was a large UK financial institution.

Vehicle monitoring technology group Trakm8 (LON:TRAK)  posted better-than-expected annual profits and said it was on track to top next year's forecasts.

The group, which makes devices that track vehicle and driver performance for insurers and others, said adjusted pre-tax profit in the year to March 31 was £1.8mln against £1.24mln a year ago.

Like-for-like orders rose 38% and revenue increased 95% to £17.9mln.

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