logo-loader

Proactive news round-up: Ithaca Energy, Ergomed, Amryt Pharmaceuticals ...

Published: 16:00 06 Feb 2017 GMT

Newspaper reader

Ithaca Energy Inc (LON:IAE, TSE:IAE) has recommended a cash takeover offer from 19% shareholder Delek Group which values the North Sea oil and gas business at US$1.24bn Delek proposes to buy Ithaca for 120p per share, Friday’s closing price was 107.75p.

Drug trials specialist Ergomed Plc (LON:ERGO) has announced positive top-line results from a Phase II clinical trial of a treatment for insomnia with its co-development partner Ferrer.

Rare and orphan diseases specialist Amryt Pharmaceuticals PLC (LON:AMYT) has revealed positive results of a newly completed pre-clinical study on a key product designed to treat acromegaly, an excess of growth hormone.

Cancer treatment group Advanced Oncotherapy PLC (LON:AVO) says it will retain full distribution rights for its LIGHT proton therapy system in China and other countries in South East Asia, as it terminated its distribution agreements with Sinophi Healthcare.

‘Smart plastics’ firm Symphony Environmental Technologies plc (LON:SYM) saw its shares jump today on news of the launch of a range of water pipes incorporating its d2p antimicrobial technology in Pakistan.

Virtual queuing and ticketing group accesso Technology Group PLC (LON:ACSO) will beat profit expectations for the year just ended. In a short statement, accesso said the better than expected performance is in spite of heavy product and infrastructure spending and further investment its recently launched accesso Prism wearable.

Hydrogen fuel cell group AFC Energy plc (LON:AFC) has promoted Jim Gibson to the role of chief operating officer. For the past four months, Gibson has worked in a product development and business development capacity at the fuel cell frim, especially the oversight and management of project opportunities and operational development.

Gemfields PLC (LON:GEM) produced 4.7 mln carats of emerald and beryl at an average grade of 156 carats per tonne during the quarter to December 2016.That was down on the corresponding quarter in 2015, as the company mined through a lower grade zone at its Kagem emerald mine in Zambia.

Eurasia Mining plc (LON:EUA) has renegotiated the terms of its mining agreement for the West Kytlim alluvial platinum mine in Russia. 

Europa Oil & Gas Holdings PLC (LON:EOG) has agreed a farm-out deal with Angus Energy Plc (LON:ANGS) for the Holmwood project, onshore UK. Angus acquires a 12.5% stake in Holmwood which will be host to the next well to test the kimmeridge limestones in the UK’s Weald basin – following on the group’s apparent success at the nearby Brockham well.

Windar Photonics PLC (LON:WPHO) has picked up a repeat order for four of its wind sensors from a small French power generator. The LiDAR sensors, which help the turbine react to the direction of the wind, will be installed on Vestas V112 3MW wind turbines during this quarter.

Proxama PLC (LON:PROX) has won a five-year contract with a South African financial group for its payment card issuing, PIN and management technology.

Telit Communications Plc (LON:TCM) has announced a new Internet of Things (IoT) partnership with automation specialist Yokogawa.

BATM Advanced Communications Limited (LON:BVC) has acquired Israel-based medical diagnostic laboratory Zer Laboratories Ltd for around £580,000 in cash.

Shares in Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO) shares advanced thanks to better than expected initial results from the Ntorya-2 appraisal well in Tanzania Ntorya-2 was successfully drilled to a depth of 2,750 metres and encountered 51 metres of gross gas bearing reservoir, with net pay interpreted to be between 25 and 30 metres.

Solo Oil PLC (LON:SOLO) boss Neil Ritson says he is extremely pleased with the better than expected initial results from the Ntorya-2 appraisal well in Tanzania.

Metallurgical testwork at the Mahab 4 copper deposit in Oman owned by Savannah Resources Plc (LON:SAV) has demonstrated that the company will be able to produce a saleable concentrate.

NU-Oil and Gas PLC (LON:NUOG) has raised £2.05mln through a share placing to support its stranded and marginal field strategy.

Capital Drilling Limited (LON:CAPD) saw has seen a marked upturn in activity as confidence in the mining sector returned. Mark Parsons, chief executive, said: "The improvement of rig utilisation from 34% in January to 59% in December 2016 underpinned what was a very strong year of growth for Capital Drilling.

Medusa Mining Limited (ASX:MML) has confirmed that it will not be subject to any formal gazetting, sequestration or forced closure as a result of the current government crackdown on miners being orchestrated by the Philippine Department of Environmental and Natural Resources.

The plan to amalgamate and monetise the non-core assets of Hummingbird Resources PLC (LON:HUM) with those of privately-held Kola Gold took a big step forward this week as Aim-traded investment vehicle Glenwick PLC (LON:GWIK) formally notified the stock exchange of plans to acquire the new vehicle which holds the assets, Cora Gold.

Goldplat PLC (LON:GDP) has commissioned the  first stage of a new processing plant at the Kilimapesa gold mine in Kenya.

Anglo Pacific PLC’s (LON:APF TSE:TPY) acquisition of a royalty stake in Denison’s high grade uranium mine is an interesting diversification reckons Peel Hunt, which has upgraded to ‘buy’.

The premium remote meetings company, LoopUp Group PLC (LON: LOOP), said it has been advised that its co-CEO, Steve Flavell has acquired 20,000 ordinary shares in the group at a price of 174p each. The purchase takes Flavell’s holding in the firm to 6.69%.

Big wheel attractions developer Challenger Acquisitions Limited (LON:CHAL) has unveiled cost control measures which sees the group’s chief executive, Mark Gustafson agree to a compensation arrangement of £1,000 per month from February 1, until further notice. The board of directors has also been reduced to three members with the retirement of Markus Kameisis as an executive director, although Kameisis retains his position as chief financial officer of the company.

Software firm BOS GLOBAL HOLDINGS Limited (LON:BOS) announced that, after a review, it has appointed RSM Corporate Finance Australia Pty Ltd to advise on the sale of its 75% interest in the mining exploration company Copper Range (SA) Pty Ltd , which was previously announced on December 21.

Diversified minerals producer and developer Strategic Minerals PLC (LON:SML) confirmed that it has exercised its remaining option to purchase further shares in Cornwall Resources Limited  with a payment of £843,649, and has been issued a further 248,864 shares in CRL. This brings SML's shares in CRL up to 309,837, which matches that of its joint venture partner, New Age Exploration Limited.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

19 minutes ago