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Proactive news highlights: Metal Tiger, IOG, Learning Tech, StatPro, Teathers Financial and more

Published: 16:49 14 Dec 2015 GMT

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It was an news-filled start to the week for the small caps, which saw e-learning specialist Learning Technologies (LON:LTG) agree to develop a new training platform for 400,000 civil servants, the largest contract it has won so far.

LTG won the three-year contract through its strategic alliance with accountancy firm KPMG and it will cover the entire UK civil service.

Elsewhere in the tech space, StatPro (LON:SOG) said that a record number of new features have been added to the latest version of Revolution, its flagship software product for the investment analytics community.

Meanwhile, 3D printing technology app developer Changing Technologies (OTC:CHGT) is looking to expand into laser cutting and engraving.

The company said that a desktop laser cutter is “piquing the company's interest”; the cutter is a piece of equipment that would enable Changing Technologies to add a wider range of capabilities to its product range.

Teathers Financial (LON:TEA) executive chairman Jason Drummond described the first equity placing delivered through its mobile app as “a watershed moment”.

To the mining space – where Sula Iron & Gold (LON:SULA) reported high gold grades from the first four assays of an extended drill programme at Ferensola in Sierra Leone.

Nick Warrell, chief executive, said he was delighted with the outcome with the average length weighted grade of 3.72 g/t from the four holes was above average for open pit mining.

Staying with gold, Savannah Resources (LON:SAV) estimated its Oman licences contain a maximum 360,000 ounces of gold and 700,000 tonnes of copper after a review of historical exploration data.

Elsewhere, Rambler Metals (LON:RMM TSX:RMM) swung back into profit in its latest quarter as copper grades recovered at its mine in Newfoundland.

Sunrise Resources (LON:SRES), the diversified mining explorer, made "excellent" progress in its two main aims, it said, reporting results for the year to end September.

AIM quoted natural resource investor Metal Tiger (LON:MTR) said its chairman has become its largest shareholder following a share subscription.

Chairman Terry Grammer is personally investing £240,000 into the company, buying 30mln new shares at a price of 0.8p each – which was the mid-market price at the time the transaction was agreed.

In other board-related news, diagnostics executive and ex- Novartis man Gene Walther has been appointed the head of NetScientific's (LON:NSCI) portfolio firm  Vortex BioSciences - as the biomedical firm continues to restructure towards a sector franchise model.

Staying in the pharma arena, Midatech Pharma (LON: MTPH, NASDAQ:MTP) has inked a deal to supply Q-Octreotide to Turkey’s CenturionPharma.

In oil and gas news, President Energy (LON:PPC) has told investors that its ongoing two well work over programme in Argentina has so far given “very encouraging” results.

Production testing, at intermediate steps in the programme, achieved a two-day rate of 175 barrels of oil per day and the company highlighted the result as being “substantially in excess of expectations”.

Meanwhile, 88 Energy (LON:88E) shares advanced on Monday morning after the company told investors that its drill programme at the Icewine project, onshore Alaska, had reached a “critical juncture”.

Genel Energy (LON:GENL) has confirmed the receipt of US$30mln as a gross payment for export sales of crude oil produced at the Taq Taq field.

Independent Oil & Gas (LON:IOG) has now signed a rig contract with Transocean Drilling UK for the upcoming Skipper appraisal well.

In other energy, Alkaline fuel cell specialist AFC Energy (LON:AFC) has started pre-commissioning of its Stade facility in Germany with all 24 fuel cell cartridges now installed.

Finally, Iofina (LON:IOF) has moved to assure investors that it will hit its full-year guidance by producing 570 to 580 metric tonnes of crystalline iodine.

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