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Proactive news highlights: Featuring Faron Pharmaceuticals, Berkeley Energia and Sound Energy…

Published: 15:56 20 Sep 2016 BST

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Faron Pharmaceuticals Oy (LON:FARN) has unveiled plans to raise £8mln, which will fund the development of its two lead drugs.

Elsewhere, Berkeley Energia Ltd (LON:BKY) has made a significant breakthrough in its bid to commercialise the Salamanca uranium mine in Spain.

For the company has signed an outline agreement to supply the commodity trading firm Interalloys with the first million pounds of output. The average selling price is expected to be above US$41 per pound. 

Just under 2.9mln shares will be issued at 250p each, the same price the stock closed on Monday.The absence of a discount suggests there is a healthy appetite for the equity.

Highlands Natural Resources Plc (LON:HNR) told investors that Schlumberger-led operations have now begun for a test of the group’s DT Ultravert well enhancement technology.

This new test programme is specifically designed to assess the technology as a treatment for ‘bashing’ – a problem caused as fracking fluid from an adjacent well infiltrates another well bore – which is seen as a growing concern in the US shale industry.

Hot on the heels of its Moroccan success Sound Energy PLC (LON:SOU) is now gearing up for another potentially high impact wells, with civil works now underway for the Badile exploration well site in Northern Italy.

Sound Energy expects a rig to be mobilised to the Badile location during the fourth quarter of this year, and drilling is scheduled to begin before the end of 2016.

Financial results from mobile payments group Bango plc (LON:BGO) show a 150% rise in end user spending (EUS) during the first half of 2016.

The group, which enables payments for apps and games including Pokémon GO, told investors that EUS amounted to £46.17mln in the six months ended June 30, which compares to £18.45mln in the same period of 2015.

Minds + Machines Group Ltd (LON:MMX) is optimistic after a transformational first half which saw revenues double and it launch into China while registrations for top level domains continue to grow.

Alongside its interims today, the AIM group also announced it would return £13mln to shareholders via a tender offer at 13p a share - an 18.2% premium to the closing price on September 16 and a subscription investment of £5.5mln by Goldstream Capital Master Fund I also at 13p.

Harvest Minerals Limited (LON:HMI) has appointed Eduardo Spolidorio to work on product development and marketing for its Maximus Direct Application Natural Fertilizer (DANF) Project, located in the Brazilian state of Minas Gerais.

Spolidorio has an extensive career in the fertilizer industry over the past 20 years including 12 years as an Agronomist Engineer with Honeywell and more recently as the Marketing Manager at Verde Fertilizantes.

Sticking with appointments, secure payments specialist Eckoh PLC (LON:ECK) has brought in Guy Millward as a non-executive director.

Guy is current chief financial officer at Imagination Technologies and will join the board on 1 October.

And finally, sweetener firm PureCircle Limited (LON:PURE) said it's well positioned in the fight against obesity and diabetes, as it posted a 9% increase in sales in its full year just gone.

The firm produces and markets stevia, a sugar substitute, and sales for the 12 months to June 30 were US$138.6mln versus US$127.3mln last year.

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