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Proactive news round-up: Akers Biosciences, Base Resources, Rambler Metals...

Published: 15:58 01 Dec 2016 GMT

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Shares in Akers Biosciences Inc (LON:AKR, NASDAQ:AKER) shot up in London as the company trumpeted a major US distribution deal for its cholesterol self-testing kit.

The developer of rapid health information technologies has signed a distribution agreement with First Check Diagnostics, the major global diagnostic device and service provider.

Ilmenite miner Base Resources Limited’s (LON:BSE) chairman Keith Spence has bought 500,000 shares at a cost of A$108,481 (£64,000).

Spence now holds 500,000 Base Resources shares in total.

Rambler Metals & Mining plc (LON:RMM, CVE:RAB) continues to focus on lifting output at its Ming mine as it milled 20% more material in the first quarter of fiscal 2017 compared to the same three months last year.

WYG PLC (LON:WYG), the project management and technical consultancy, said it is on track to meet full-year market expectations after a strong first half.

Revenues were up 17% to £73.5mln in the six months ended September 30, while adjusted operating profits were over a quarter higher at £2.8mln.

Forbidden Technologies plc (LON:FBT) has raised £3mln through a share placing with the proceeds earmarked to boost sales and further product development.

The shares were sold, via Allenby Capital, to institutional and other investors, including existing shareholders.

Cancer-focused biotech ValiRx Plc (LON:VAL) is set to expand its clinical trial of lung cancer drug VAL 401 to a second site in Georgia.

It comes after the group last month reported encouraging early findings and that the first patient had been dosed, with approval to begin dosing a second approved.

Pizza group DP Poland Plc (LON:DPP) has sold off four of its corporately-owned stores in the city of Krakow to a new franchisee.

VKF Group – led by former Domino’s employee Wojtek Fronczyk – will pay DP Poland £347,000 to buy and sub-franchise the stores.

Gemfields PLC (LON:GEM) has said an auction of higher quality emeralds from its Kagem mine in Zambia, due to take place this month, has been pushed back to February.

The delay is to allow and adjustment period for the predominantly Indian customer base following Prime Minister Narendra Modi's snap demonetisation programme.

Caledonia Mining Corporation Plc (LON:CMCL TSE:CAL) said there will no effect on its payment arrangements following the  recent introduction of bond notes by the Reserve Bank of Zimbabwe.

The RBZ, Zimbabwe’s central bank, announced the introduction of the new notes at the weekend with distribution beginning yesterday.

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