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Proactive news snapshot: MySQUAR, Corero Network Security, Bezant Resources, Fox Marble …

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

MySQUAR Limited (LON:MYSQ) saw its shares leap nearly 50% higher in late afternoon trading after the Myanmar-language social media, entertainment and payments platform revealed it has received a takeover approach. The group added: “Whilst appreciating any interest shown by potential investors or acquirers, the Company is not actively seeking a purchaser and believes that the continued growth and monetisation of its products will make it an even more attractive prospect over time.”

Corero Network Security PLC (LON:CNS) has landed two deals worth US$400,000 in total for an Intel extension of software that prevents distributed denial of service attacks (DDoS). The two unnamed North American customers for its SmartWall Threat Defense System 100Gbps product are described respectively as a hosting provider and a service provider.

Bezant Resources plc (LON:BZT) has confirmed that the final option payment has been made for two licences in Colombia. The company’s wholly owned subsidiary, Ulloa Recursos Naturales, held the option for the areas that are prospective for alluvial gold and platinum.

Marble quarries operator Fox Marble Holdings PLC (LON:FOX) has signed a sales and purchase agreement covering the Gulf Cooperation Council (GCC) nations. The three-year agreement with Shailesh Patil is subject to a minimum commitment of 3,000 tonnes of marble a year and confers upon Mr Patil the exclusive rights to sell Fox Marble's product in Oman, Qatar, Saudi Arabia, Bahrain, Kuwait and the United Arab Emirates.

Belvoir Lettings PLC (LON:BLV), the UK’s largest property franchise, has told investors it exceeded its target for portfolio acquisitions by its franchisees last year. During 2017 franchisees completed 23 acquisitions, increasing annualised network revenues by over £3.3mln – 10% ahead of the £3mln target set by the board.

Shanta Gold (LON:SHG) has announced that, under the arrangements entered into on 20 June 2017 by which  directors committed to subscribe for ordinary shares on a quarterly basis for a period of 12 months on a salary/fee sacrifice basis, its chairman, Anthony Durrant, and non-executive directors, Ketan Patel and Keith Marshall have each subscribed for ordinary shares in the company at a price of 6p each. The East Africa-focused gold producer, developer and explorer said, in aggregate, this will result in the issuance of 863,476 ordinary shares in the company.

Avacta Group Plc (LON:AVCT), the developer of Affimer® biotherapeutics and reagents, has announced that its chief executive officer, Dr Alastair Smith, will be presenting at the annual Biotech Showcase, 8-10 January 2018, San Francisco.  Dr Smith will outline the key benefits of the Affimer® technology as a therapeutic protein platform and update the meeting on progress within the Group's therapeutic programmes.

Green Dragon Gas Ltd. (LON:GDG), one of the largest independent companies involved in the production and sale of coal bed methane gas in China, confirmed that its name change to G3 Exploration Limited was effective today and under the new ticker G3E on the London Stock Exchange.

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