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Proactive news snapshot: Flying Brands Limited, Seeing Machines, Thor Mining, 88 Energy ...

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

Flying Brands Limited (LON:FBDU) saw its shares lift-off on Thursday afternoon after the medical services and software company confirmed that it is in advanced negotiations in respect of an acquisition of a North American medical imaging software and analytics company.

Driver fatigue monitoring technology developer Seeing Machines Limited (LON:SEE) said it is trading in line with expectations for the current financial year. Fleet total contract value signed with customers, but not yet delivered nor recognised as revenue, has increased from A$21.5 million at 30 June 2017 to A$36.4 million at the end of 2017. Big Pic in September.

Thor Mining PLC (LON:THR) (ASX:THR) has halted trading in its shares on the Australian stock exchange ahead of a new resource statement for the Kapunda copper mine. Project developer Terramin Australia (ASX:TZN) has informed Thor that the JORC 2012 inferred resource will be larger than the previous resource estimate (produced in 1992) and cover the part of the deposit amenable to in-situ recovery methods. Big Pic in January.

Elsewhere, in a separate statement, Metal Tiger PLC(LON:MTR) announced it had purchased 2.25mln Thor Mining shares via stock market transactions, paying an average price of 3.61p per share. The purchases increase Metal Tiger’s stake to 69.35mln Thor Mining shares which represents 11.24% of the company.

Whilst it is not a particularly busy time for 88 Energy Ltd (LON:88E), as the company continues to wait out the Alaskan winter, some corporate activity is afoot. 88 Energy on Thursday told investors that share trading under its Australian listing has been halted, pending a news announcement related to the underwriting of listed options. Big Pic in October.

Xtract Resources PLC (LON:XTR) told investors that its Mozambique subsidiary Explorator Limitada has entered into a new mining contractor agreement with Omnia Mining Ltd for an alluvial gold operation at the Manica project.

Sound Energy PLC (LON:SOU) told investors it is now advancing its exploration campaign in eastern Morocco, boosted by initial work in the 2018 programme. “We are now moving forward with our exploration drilling programme with a view to unlock three of our largest plays,” said James Parsons, Sound Energy chief executive. Big Pic in October.

Aerial drones maker Strat Aero PLC (LON:AERO) received a much-needed boost from a contract award worth £1.1mln. The company’s wholly-owned Geocurve subsidiary has been awarded a contract to provide a 3D and virtual reality (VR) survey service for the Environment Agency's Thames Estuary Asset Management 2100 programme.

Avacta Group Plc (LON:AVCT) said it is looking to Asia to find a partner as it spelt out the milestones for its Affimer therapeutics and reagents up until 2021. Speaking at a capital markets day, Alastair Smith, chief executive, said that by 2021 Avacta wants to have a recurring revenue stream from Affimer reagent licenses and to be a clinical-stage biotech with multiple clinical stage programmes. Big Pic in October.

Jubilee Metals Group PLC (LON:JLP), in an after-market close statement, told investors that associate BMR Group now understands that it has the right to appeal at the Kabwe project. “Jubilee will support BMR to favourably conclude this process,” the company said. Big Pic in January.

A team led by Scancell Holdings Plc’s (LON:SCLP) chief scientific officer that is pioneering a vaccine-led approach to tackling tumours has been shortlisted for £20mln award. Professor Lindy Durrant is teaming up with researchers from Genentech, BioNtech and ISA Pharmaceuticals to develop Project Blueprint. Big Pic in January.

Stobart Group Limited (LON:STOB), the infrastructure and support services group, said it was notified, on 7 February 2018, that Andrew Tinkler, an executive director of the company, acquired 100,000 ordinary shares in the company at a price of 238.8p each. Following the purchase, the firm added, Tinkler holds a beneficial interest in 27,326,811 ordinary shares, representing approximately 7.71% of the company’s issued share capital.

Papua Mining PLC (LON:PML), the UK company focused on exploration and development of gold and copper deposits in Australia and Papua New Guinea, announced that it has published an updated company presentation on its website today.

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