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Proactive news snapshot: Scancell, Bacanora Minerals, S & U …

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Scancell Holdings Plc (LON:SCLP) said the European Patent Office intends to grant the company’s patent application for the Moditope immunotherapy platform. Once formally granted the patent will provide protection for Scancell’s pipeline of Moditope vaccines that could help revolutionise the way cancer is treated.

Bacanora Minerals Ltd. (LON:BCN) has said it intends to re-commence the process of changing the domicile of jurisdiction to the UK from Canada to the UK which it thinks will benefit its plans to raise a significant amount of new debt and equity financing to fund its growth.

S & U Plc (LON:SUS) said on Friday its motor finance business delivered a record year of transactions, shrugging off recent data showing a slowdown in the car market. The Advantage motor finance arm achieved a 24% year-on-year increase in transactions to 24,500 in the year ended January 31 2018, the company revealed in a trading update ahead of its annual results in March.

NetScientific PLC (LON:NSCI) has noted that its portfolio company, Vortex BioSciences Inc, has announced a promising report published by Nature Scientific Reports. The AIM listed transatlantic healthcare IP commercialisation group said the peer reviewed report, titled "Evaluation of PD-L1 expression on vortex-isolated circulating tumor cells in metastatic lung cancer" describes the use of Vortex's technology.

Top Norwegian e-sports team Nordavind will join the third season of Gfinity Plc’s (LON:GFIN) Elite Series, taking place in Gfinity Arena in London next month, meaning Ten esports teams are now signed up for the event. Nordavind, previously known as BX3, is a partnership with Vålerenga Fotball, one of Norway’s biggest football teams. Norwegian businessman Tor Olav Trøim owns Vålerenga and an 80% stake in Nordavind.

Savannah Petroleum PLC (LON:SAVP) told investors that the Seven Energy assets, that are in the proves of being acquired, have seen increasing production “strongly” in recent months. The assets, located in Nigeria, had gross production of 17,900 barrels oil equivalent in the month of November, 20,300 boepd in December and 21,800 boepd in January. Production in February to date has averaged 25,700 boepd gross.

Strategic Minerals Plc (LON:SML) told investors that it has extended its access to the Cobre magnetite stockpile in New Mexico, through to March 31, 2019. The company has a contract with the owner of the Cobre mine, giving it access to the stockpile, and it is subject to an annual extension.

Diversified Gas & Oil plc (LON:DGOC) told investors that its proposed acquisition of producing gas and oil assets is now expected to complete on March 30. The company today confirmed that it has now entered into a conditional purchase agreement with CNX.

Tantalum miner Kennedy Ventures PLC (LON:KENV) expects its shares will return from suspension today with a name change to Kazera Global PLC planned for March. The shares were suspended in December as Kennedy’s auditors were unable to sign off the accounts in AIM's timeframe due to the complexity of consolidating its Namibian businesses and applying the IFRS standard.

Alba Mineral Resources plc (LON:ALBA) has snapped up a licence in north-west Greenland close to its existing Inglefield Land blocks. The additional ground was previously under licence to NunaMinerals, which held some of the potentially most prospective areas in Greenland, said Alba.

Summit Therapeutics PLC (LON:SUMM) (NASDAQ: SMMT), the drug discovery and development company advancing therapies for rare diseases and infectious diseases, has announced that its management will participate in two upcoming investor conferences in New York City. The two conferences are the US BIO CEO & Investor Conference on 12 February 2018, presentation at 3:15pm EST, and the SunTrust Robinson Humphrey 4th Annual Orphan Drug Day on 13 February 2018.

PowerHouse Energy Group PLC (LON:PHE) announced that an updated corporate presentation, which was used at an investor event on 8 February 2018, is now available to view on the company's website. It said no new material information was released at the investor meeting.


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