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Proactive news snapshot: Greatland Gold, SDX Energy, Asiamet Resources …

Published: 15:45 11 Oct 2017 BST

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Greatland Gold plc (LON:GGP) has released its latest exploration results from the Ernest Giles East project which, according to chief executive Gervaise Heddle, described as having the potential to be “one of most significant gold districts to be identified globally within the last decade.”

SDX Energy Inc (LON:SDX, CVE:SDX) has announced its second new discovery this month, with the KSR-14 well in Morocco unearthing gas in four intervals. The better-than-expected well encountered a total of 20 metres of conventional gas pay, in the Guebbas and Hoot formations, and analysis is underway to determine an accurate estimate of recoverable gas volumes.

Asiamet Resources Ltd (LON:ARS) is increasingly confident it has found a new stand along polymetallic deposit at its BKZ prospect in Kalimantan, Indonesia. Assays from the first of a six hole shallow drilling programme were ‘exceptional’ said Peter Bird, chief executive, and consistent with a much larger deposit.

Myanmar-language social media, entertainment and payments platform MySQUAR Limited (LON:MYSQ) saw revenues soar in its first quarter. The AIM-quoted firm said it had made “significant progress” so far this year, having launched several new mobile games as well as partnering up with telecoms network Ooredoo to allow customers to add the cost of the apps to their phone bill.

BATM Advanced Communications Limited (LON:BVC) has hailed the launch of the electronics industry's first ARM-based universal Customer Premises Equipment platform, which uses its the group's network function virtualisation technology.

Corero Network Security PLC (LON:CNS) has signed a resell partnership agreement with a leading US based distributed denial of service (DDoS) protection provider.

London-listed wealth management group European Wealth Group Limited (LON:EWG) is to acquire US-based broker-deal and investment adviser platform operator Newbridge. The acquisition will almost double the assets under management (AUM) at the UK company to more than US$4bn and give it a strong footprint in the USA.

Silence Therapeutics PLC (LON:SLN) has been granted a US patent, which it believes significantly strengthens its claim to ownership of technology used in competitors’ late stage drugs. The award covers the innovative chemical modification technology pioneered by Silence. The AIM-listed biotech, which specialises in RNA interference (RNAi), a cellular process of silencing unwanted or harmful genes, believes it could have implications for competitor Alnylam Pharmaceuticals' Patisiran drug.

WideCells Group PLC is in the process of inking a deal worth an initial £250,000 that will take its stem cell services into the Middle East, North Africa and Asia-Pacific regions. It hopes to have brokered a formal agreement with Gulf-based White Apex General Trading by the end of the month, which will trigger the first payment to the AIM-listed firm.

Digital media and social video broadcaster Brave Bison Group PLC (LON:BBSN) has won the contract to create a video marketing campaign for All Nippon Airways – the largest airline in Japan.

Clinical stage biotech ValiRx Plc (LON:VAL) has been awarded a fifth patent for its novel cancer treatment drug VAL401. The patent has been awarded by the US Patent Office and covers the use of VAL401 in the treatment of prostate adenocarcinoma – the most common form of prostate cancer.

Avation PLC (LON: AVAP) has announced the acquisition of a Boeing 777-300ER (Extended Range) new, twin-aisle aircraft from another lessor and is scheduled to deliver it to Philippine Airlines Inc. The commercial passenger aircraft leasing company said the acquisition of the aircraft is expected to be completed by the end of the fourth quarter of 2017. In a separate announcement, Avation also announced the purchase of one Airbus A330-300 aircraft, which is currently on long-term lease to EVA Air of Taiwan.

AIM-listed Obtala Limited (LON:OBT) in is the process of appointing a new nominated adviser after ZAI Corporate Finance was stripped of its status. The Africa-focused forestry and agriculture group said it had already vetted several alternatives and is in the final stages of agreeing terms with a replacement.

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