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Proactive news spotlight - Xtract Resources, Directa Plus, IronRidge Resources, Avation, BOS GLOBAL, appScatter, Akers Biosciences, Belvoir Lettings

It was another busy day for London's junior miners, drug developers and technology groups.
mine truck
Xtract Resources raised £1.7mln to pay debt and support opportunities in Chile

Xtract Resources PLC (LON:XTR) has raised £1.7mln through a placing to pay off its debts and look at other opportunities in the area surrounding its Manica project in Chile.

Directa Plus Plc (LON:DCTA) said its Graphene Plus (G+) membrane and G+ printed fabrics have received international certification from Complife Italia, certifying that the material do not cause any irritation to human skin.

IronRidge Resources Limited (LON:IRR) has signed off the joint venture with Gail Exploration for a gold prospect in the Ivory Coast. Originally agreed this time last year, Ironridge will have access to a granted licence covering 385 sq km.

Orosur Mining PLC (LON:OMI) has hit high grade gold at its Anzá project in Colombia. Three holes of a 15,000 metre programme have been drilled to date, with highlights including 5.47 grams gold per tonne over 4.63 metres. The mineralisation remains open along strike and at depth.

Avation PLC (LON:AVAP) has appointed a new vice president of marketing. He is Karl Ryan, who has aircraft leasing experience and is a graduate from the world famous General Electric training programme. Based in Dublin, Ryan will spearhead the firm’s marketing efforts in Europe, the Middle East and the Americas.

Software firm BOS GLOBAL Holdings Ltd (LON:BOS) announced it has ‘resolved the conversion of the latest funds drawn down’ of £217,125 from Innovation Corporation, under its £1.875mln convertible loan note arrangement.

Metal Tiger PLC (LON:MTR) has drawn attention to recent high quality drill results reported by joint venture partner MOD Resources at the T3 copper project in Botswana. The mineralisation looks to extend further than was previously thought, and further work is being undertaken to investigate the potential. Six drill rigs are now on site.

appScatter Group PLC (LON:APPS) is set to formally launch its b2b platform on 22 November - on time and on budget.

Fox Marble Holdings PLC (LON:FOX) has cut and processed stone from its quarries in Kosovo to build a new display for a British military memorial in the country.

Akers Biosciences Inc (LON:AKR; NASDAQ:AKER) expects sales of its BreathScan alcohol detector to “ramp up” in the coming months after its UK distributor Accutest secured a “major new channel partner” in Today’s Wholesale Services Group. Today’s Wholesale Services is a subsidiary of Today’s Group, the largest independent buying group of its kind in the UK with buying power exceeding £5.7bn a year.

Tharisa PLC (JSE:THA, LON:THS) said headline earnings per share for the year to the end of September are likely to be between 21 and 23 cents, up from six cents the year before, thanks to the increase in the chrome concentrate price.

Belvoir Lettings PLC (LON:BLV) has received a boost for its offer to merge with The Property Franchise Group (LON:TPFG) with three fund managers suggesting talks. Amati Global Investors, Livingbridge and Hargreave Hale, which speak for owners of 12.31% of TPFG, said they support in principle the two firms engaging in discussions around the possible merger offer.

Touchstone Exploration Inc (LON:TXP, TSE:TXP) has reported third quarter results boosted by increase in production and oil prices. The company generated some US$1.387mln, compared with US$438,000 for the preceding quarter and US$1.56mln in the same period of last year.

Solo Oil PLC (LON:AIM) has unveiled a new US$5mln convertible debt funding deal with institutional investor Riverfort Global Capital. Riverfort is providing an initial US$1.5mln and the timings of further draw-downs at the company’s sole election.

Telephony specialist Adept Telecom PLC (LON:ADT) confirmed another meaty dividend hike as interim profits jumped by 36%. The group is following a ‘buy and build’ strategy and contributions from OurIT (six months) and Atomwide (two months) helped revenues match earnings with a 36% rise to £22.6mln.

Ariana Resources plc (LON:AAU) has completed its latest round of exploration across the Hot Gold Corridor within its wholly-owned Salinbas gold project, already known to contain one million ounces of gold. The Hot Gold Corridor is named after the four million ounce Hot Maden gold-copper deposit, located approximately 4 km south.

Sareum Holdings Plc (LON:SAR) has raised £700,000 through a share placement to support drug development programmes and supply working capital. The specialist cancer drug discovery and development company placed 100 million new ordinary shares of 0.025p each at a price of 0.7p per share.

Diagnostics specialist genedrive plc (LON:GDR) has extended the “commercial reach” of its relationship with Sysmex Corp, inking a distribution deal with the Japanese group’s Asia-Pacific arm. Under the agreement, Sysmex will be responsible for sales, marketing and customer support for the CE-marked Genedrive HCV ID Kit and platform in the region.

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