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Proactive news round-up: Seeing Machines, Fox Marble, OptiBiotix Health ...

Published: 15:46 13 Dec 2016 GMT

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Seeing Machines Limited (LON:SEE), a specialist in eye-tracking and facial recognition, has raised £15mln, with strategic investor V S Industry putting its financial weight behind the issue of new shares.

OptiBiotix Health plc (LON:OPTI) has inked a joint development deal with a multinational firm to develop various weight management foods and products which contain OptiBiotix’s SlimBiome technology.

Marble quarries owner Fox Marble Holdings PLC (LON:FOX) has a number of potential distribution and off-take deals in the offing, it said this morning. In an operational update, the company, which owns three quarries in Kosovo and one in Macedonia, said it is in talks with potential customers in the UK, Europe, USA and Asia.

Mporium Group PLC (LON:MPM), the mobile commerce specialist, has inked an agreement with a leading digital marketing agency introduced by search giant Google. The deal with Jellyfish follows a successful trial of mporium’s IMPACT technology with one of Jellyfish’s “leading blue-chip clients”.

Rare Earth Mineral PLC (LON:REM) said it was impressed that battery grade lithium had been produced from the Cinovec deposit in the Czech Republic. REM holds a 20.76% economic interest in Cinovec through a stake in operator European Metals Holdings Limited (LON:EMH) .

SyndicateRoom is celebrating the first exit from a company which raised money on its platform, after Oval Medical agreed a deal to be bought out by a US-based healthcare contract manufacturer. Oval – which specialises in designing and producing auto-injectors – has been acquired by SMC Ltd to build on its existing drug delivery device business.

LGO Energy PLC (LON:LGO) has raised £1.8mln through an oversubscribed share placing. The cash injection further supports the company as it prepares to restart new drilling at the Goudron field in Trinidad, where it intends to drill shallow wells to tap the Mayaro sandstone reservoir.

Bushveld Minerals Limited (LON:BMN) has increased its exposure to tin through the acquisition of a significant interest in the Uis project in Namibia. Subsidiary Greenhills Resources will acquire 49% of Dawnmin Africa, which owns 85% of the project with the Namibian government owning the remainder.

Providence Resources PLC (LON:PVR) shares should be worth around 35p each according to broker Davy Securities. Analyst Job Langbroek says this valuation – some 170% above the current share price – is a sensible level after what he described as an eventful year for the company.

Anglo Pacific Group PLC (LON:APF TSX APY) is set for a bumper year as coking coal hit its highest price for five years. Anglo has royalty concessions at two coal operations in Australia – Kestrel (coking) operated by Rio Tinto PLC and Narrabri (thermal) by Whitehaven Coal.

Life and pensions company Chesnara Plc (LON:CSN) has been heartily backed by its current shareholders in the recent round of funding. Chesnara originally made 4.7mln shares available to existing investors in the open offer announced at the end of November, but ended up issuing almost 12.5mln once the excess application facility had been taken into account.

Savannah Resources Plc (LON:SAV) has started exploration at the Ravene deposit in Mozambique, a part of its mineral sands joint venture with mining giant Rio Tinto PLC (LON:RIO).

Prospex Oil & Gas Plc (LON:PXOG) welcomes a new partner in its Boleslaw project, just days after pivotal drilling began. The Boleslaw-1 well, on the Kolo Licence in Poland, was spudded on December 10. It is targeting gas resources in what is deemed to be an active petroleum system.

As Velocys Plc (LON:VLS) commissions its ‘commercial reference’ gas-to-liquids processing plant in Oklahoma City it has outlined its new strategy to investors. It says that the plan will build on the group’s success developing the plant and will give it more control.

Scotgold Resources Limited (LON:SGZ) has applied to extend its bulk processing trial at the Cononish mine to optimise the production process. The original permission ran for nine months from May, but Scotgold now wants to run the plant for another year after that to March 2018.

The financial year just ended for fluorspar project developer Tertiary Minerals plc (LON:TYM) was a mixture of frustration and progress.The frustration was felt in Sweden, where animal welfare and environmental groups lodged two appeals in March against a mining permit for the Storuman fluorspar project.

Richland Resources PLC (LON:RLD) has raised £1mln via a placing of shares at 0.75p.The proceeds will pay for the final stage of the ramp-up programme for the Capricorn Sapphire Mine in Queensland, Australia.

Proximity marketing specialist Proxama PLC (LON:PROX) still intends to sell its digital payments arm, but now expects the sale process to extend into 2017.

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