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Proactive news snapshot: Eurasia Mining, Active Energy Group, Stobart Group ...

A glance at some of the day's highlights from the Proactive Investors newswire
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Eurasia Mining plc (LON:EUA) shares jumped on Wednesday as it announced approval of the Monchetundra mine permit application by two key federal agencies: the Federal Securities Board (FSB) and Ministry of Defence (MOD).

Active Energy Group PLC (LON:AEG) shares jumped in early trading Wednesday as its joint venture (JV) company, AEG CEE Sp. zOO, received market certification and environmental clearance by the Polish government for its ‘SuperFuel’ product.

Stobart Group PLC (LON:STOB) shares took flight on Wednesday following news of a new partnership deal with Ryanair Holdings PLC (LON:RYA) which will see the Irish low-cost airline open a new base at London Southend Airport.

88 Energy Ltd (LON:88E, ASX:88E) confirmed that the Icewine-2 well testing programme resumed as scheduled on June 11, at 22:30, and the well is now continuing to flow back fluids. The well is flowing back fracking fluid that was previously injected into the well to stimulate the HRZ shale formation.

Advanced materials group Haydale Graphene Industries PLC (LON:HAYD) expects to generate revenues of between £3.45mln and £3.60mln for its current financial year. That is below what Haydale had been guiding for, though, and means the loss before tax for the 12 months ended 30 June 2018 will be wider than expected and broadly in line with last year’s loss of £5.64mln.

Good momentum at its US call centre business sent profits bounding ahead last year at Eckoh PLC (LON:ECK).  US sales jumped by 32% in dollar terms though the recent recovery by the pound cut this to 16%.

Flying Brands PLC (LON:FBDU) subsidiary, Imaging Biometrics (IB), said it has agreed a partnership which it reckons will "accelerate neuroscience research and increase accuracy in diagnostics support".  It hopes to do this by loading its software to a cloud-based platform called QMENTA, which provides data analysis and management for neuro experts.

Bango plc (LON:BGO) has announced that millions of Entel subscribers in Chile are now able to pay using their phone bill for the ‘massive array of content and services’ sold in Google Play, including Minecraft, Tinder and Google Play Music.

Tharisa PLC (LON:THS) has acquired a stake in Karo Mining Holdings Limited, a company with interests in both platinum and coal mining in Zimbabwe. The miner said it had acquired a 26.8% stake in Karo for a total cash consideration of US$4.5mln.

The phase III clinical trial of Futura Medical PLC's (LONFUM) fast-onset gel for erectile dysfunction is on track for first patient dosing in September, chairman John Clarke confirmed ahead of the company's annual meeting later. He added that the completion of a significant out-licensing agreement for MED2002 "remains a top priority" as he investors were told: "Whilst negotiations proceed, we will continue to maintain the momentum in the product's development."

Ariana Resources plc (LON:AAU) has provided investors with an update from its wholly owned Kizilcukur project, in Turkey. It revealed that metallurgical test of previously gathered bulk sampling material has demonstrated high gold recoveries – a 7.4 tonne sample yielded recovery rates of between 83% and 92%, Ariana said.

Strategic Minerals Plc (LON:SML) (USOTC:SMCDY)  has commenced the technical assessment of the Leigh Creek Copper Mine (LCCM) with the formation of a highly experienced study team. The AIM-listed producing mineral company said the proposed work programme is expected to lead to the commencement of copper production around mid-2019.

Berkeley Energia Ltd (LON:BKY), in a stock market statement, told investors Global X, now formerly a major shareholder, had ‘completed the rebalancing’ of its stake in the company. Berkeley confirmed that a ‘ceasing to be a substantial shareholder notice’ had been filed with the Australian Securities Exchange.

Amur Minerals Corporation (LON:AMC) has completed around 25% of its planned drilling for 2018 at its Kun-Manie nickel-copper sulphide project in Russia.

Avation PLC (LON:AVAP) is to lease out two new Bombardier CS300 planes to Latvian airline airBaltic. The leases are both for 12 years and will be delivered to the airline straight from the factory.

Oil rig owner ADES International Holding PLC (LON:ADES) expects the recent uptick in oil prices will lead to higher tendering activity and hire rates. The Dubai-based group has just completed the acquisition of three jack-up rigs from Nabors.

APQ Global Limited (LON:APQ), the emerging markets income company, has further expanded its International Advisory Council with the appointment of John Toshack, an independent consultant specialising in cryptocurrency and blockchain, who will focus on opportunities for investing in Digital Assets and Distributed Ledger Technology.

Arc Minerals Limited (LON:ARCM) announces that Don Bailey, a non-executive director of the company responsible for a number of projects at the Zamsort copper cobalt project has requested that he be remunerated in shares in lieu of cash remuneration.  The group said Bailey has been issued options over a total of 2.5mln new ordinary shares which have an exercise price of 7.0p each, representing an approximate 60% premium over Tuesday’s closing mid-market price, and are exercisable from 12 June 2018 and expire on 12 June 2023. Separately, the company also said it is considering setting up a Long-Term Share Incentive Programme.

Telit Communications Plc (LON:TCM), a global enabler of the Internet of Things (IoT), announced that Enrico (Chicco) Testa has today resigned as a director with immediate effect. It added that he remains an employee of the group's Italian subsidiary.

Stratex International plc (LON:STI), the AIM-quoted gold-focused exploration and development company in Turkey and Africa said that, further to Tuesday’s placing announcement, it has successfully raised £1.15mln before expenses. The company also said it has appointed Turner Pope as its joint broker with immediate effect.

Rambler Metals and Mining PLC (LON:RMM) (TSXV:RAB) has closed the final tranche of the private placement announced on 22 May 2018 with Lombard Odier Asset Management (USA) Corp. The company said it issued 19.4mln private placement shares to LO Managed Funds at a price of 0.05p each for an aggregate subscription price of £970,00. It previously issued 25mln private placement shares to LO Managed Funds in the first tranche. Rambler said the proceeds received will be used by the company to strengthen its working capital position.

Cadence Minerals (NEX:KDNC) (OTC:KDNCY) noted that its investee company Auroch Minerals has announced that a new Induced Polarisation survey over the Bonaventura Base-metals Project in South Australia has commenced. Cadence currently owns a 7.7% equity stake in Auroch Minerals.

Oracle Power PLC (LON:ORCP), the UK energy developer in Sindh Province, Pakistan, announced that at its annual general meeting all resolutions were passed with the exception of Resolution Three, for the re-election of Anthony Scutt as a director, which was not passed. The company said it will look to appoint an additional non-executive director in due course.

The Marketing Group PLC (NASDAQ:TMG) today announced a corporate rebranding and name change to RYVL, as it aims “to disrupt the legacy ad network model with an agile, technology-centric approach.”


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