Proactive Investors - Run By Investors For Investors

Proactive news snapshot – Highlands Natural Resources, Asiamet Resources, Horizonte Minerals ...

A glance at some of the day's highlights from the Proactive Investors newswire
Newspaper reader
Your daily round-up from the world of Proactive

Highlands Natural Resources Plc (LON:HNR) said it has achieved a “major milestone” after it started drilling the first well at its East Denver shale oil and gas project in Colorado. It will first drill and case the Wildhorse well, designed to target the Niobrara B horizon, before immediately shifting the rig to drill and case the adjacent Powell well, which targets the Niobrara C formation.

Asiamet Resources Limited (LON:ARS) has raised a total of £6mln through a placing of 139,534,884 new common shares at a price of 4.3p each, with significant shareholder support for the fund-raising. The AIM-listed miner said the net proceeds will be used to fund completion of the definitive feasibility study for the company's 100% owned flagship Beruang Kanan Main (BKM) project, drilling of high priority targets nearby BKM, and expansionary drilling at the Beutong Porphyry Project.

Horizonte Minerals Plc (LON:HZM) has told investors that the feasibility study at its Araguaia nickel project in Brazil is now at an “advanced stage” after making “significant progress” since the turn of the year. The study is on track to be delivered in the final quarter of 2017 into the start of 2018, Horizonte added.

Orosur Mining Inc. (LON:OMI) has seen strong demand for a funding to cover a drilling campaign on its acreage in Colombia. A placing at 14.7p was oversubscribed and the money means work can start at Anza (in Colombia) without having to divert funds from the producing San Gregorio mine in Uruguay.

VinaCapital Vietnam Opportunity Fund (LON:VOF) has taken a sizeable stake in FPT Digital Retail JSC (FPTR), a leading mobile phone distributor in Vietnam.   VOF has invested US$11mln into FPTR, the largest investment among a group of institutions that have bought a 35% stake from the mobile phone group’s parent FPT Group.

Canadian Overseas Petroleum Limited (LON:COPL) says discussions over funding for an appraisal well on its OPL 226 licence offshore Nigeria are advancing well. Investment bankers Cofarco and Zeus Capital are in discussions with a number of oil traders, merchant banks and service providers, COPL said.

Trinity Exploration & Production PLC (LON:TRIN) has agreed the sale of a block of producing assets in Trinidad to neighbour Range Resources PLC (LON:RRL). The assets are offshore the west coast of the island and will release capital to invest in the company’s operations on the other side of Trinidad, said Trinity.

Galileo Resources PLC (LON:GLR) saw its shares jump 18% higher today after it said preliminary results of the initial 14-hole drilling programme at its Concordia project in South Africa were "promising and well worth pursuing".

Newmark Security PLC (LON:NWT) has sold off its business premises in Poole for £1.525mln, netting the physical and electronic security provider a £360,000 profit. The AIM-quoted group, which only purchased the offices back in May for £1.2mln, will now lease back the same building from the new owner.

Bloomsbury Publishing PLC (LON:BMY) revealed that its non-executive chairman, Sir Richard Lambert has acquired 10.000 shares in the firm at a price of 176p each.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use