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Proactive news round-up: Europa Oil & Gas, Iofina, FairFX Group ...

A glance at the smallcap stories on the Proactive newswire today
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Some of the stories on the Proactive newswire today

Europa Oil & Gas (Holdings) Plc (LON:EOG) told investors the Wressle project has cleared a major regulatory milestone with the Environment Agency issuing a variation to the project’s mining waste permit. It supports the new planning application for the project, which was submitted last month.

Iodine producer Iofina plc (LON:IOF) managed to increase revenues and remain profitable last year, despite it being a difficult period for the industry as a whole. For the 12 months to 31 December 2016, the AIM-quoted group generated revenues of US$22.5mln, a year-on-year rise of 11% (2015: US$20.3mln) as it sold a record 474.2mln tonnes of IOflo iodine.

Russia focused miner Eurasia Mining plc (LON:EUA) has entered into a new funding for approximately US$2mln with three parties.These include existing funding provider Sanderson Capital Partners, a consortium of investors arranged through London based institution Riverfort Global Capital Ltd and a further investment from the Company's non-executive director Dmitry Suschov.

SDX Energy Inc (LON:SDX, CVE:SDX) boss Paul Welch highlighted that the start of 2017 has been a busy period, with “great strides” made across its portfolio. Welch noted that the start of the year brought good momentum, and added that the company looks forward to capitalising on the opportunities ahead.

Stratex International plc (LON:STI) has committed to the next round of exploration in Egypt planned by its joint venture Thani Stratex Resources (TSR). TSR is raising US$1mln of which Stratex will put up US$390,000 to give it a stake in the venture of 30.1%.

Shares in FairFX Group Plc (LON:FFX) nudged higher on Friday morning after the multicurrency payments provider partnered up with easyCurrency – the online forex boutique owned by Sir Stelios Haji-Ioannou. Under the terms of the agreement, FairFX will offer currency cards, cash and international payments services to easyGroup customers through easyCurrency.com.

Solo Oil PLC (LON:SOLO) has agreed new terms to acquire an additional 10% stake in Helium One which is developing a strategically significant helium project in Tanzania. The oil and gas investment company added Helium One to its Tanzania portfolio earlier this year, acquiring a 20% interest, and agreeing an option for another 10%.

Condor Gold PLC (LON:CNR) is making significant progress in Nicaragua, it told investors, posting full year results. The focus is on proving its La India acreage in Nicaragua is part of a sizeable mining district. In keeping with a firm at this stage, the loss for the year to end December was around £7.6mln against a loss of around £3mln for 2015.

Gfinity Plc (LON:GFIN) has confirmed the timeline for its high profile new eSports tournament, the Gfinity Elite Series, which takes place this summer. The Elite Series league will be made up of eight professional eSports teams, though through the ‘challenger series’ and ‘Elite series draft’ amateur gamers can qualify to play for the leading teams.

Plexus Holdings PLC (LON:POS) has received a first order for its patented oilfield wellheads from Akers BP, the company formed through the merger of BP and Det Norske’s Norwegian assets. The order, worth around £700,000, is for surface exploration wellhead equipment for the Hyrokkin and Nordfjellet standard pressure exploration wells, offshore Norway.

Seeing Machines Limited  (LON:SEE) has been selected by the ACT state government in Australia to lead what is being billed as the world’s first automated vehicle trial focused on the driver. The research project, CAN Drive, will use Seeing Machines' driver monitoring technology to gather data on up to forty drivers in Canberra in ACT (Australian Capital State), who will be monitored while driving level-three automated vehicles.  

Scotgold Resources Limited (LON:SGZ) non-executive and company secretary  Gabriel Chiappini left the miner on 16 May 2017.  

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