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Proactive news snapshot: Nektan, Sunrise Resources, Eland Oil & Gas …

Published: 15:45 04 Jul 2018 BST

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Nektan PLC (LON:NKTN) has reported record results for its fourth quarter as it closed out a strong financial year in 2018. In a trading update, the AIM-listed gambling product provider reported that net gaming revenue (NGR) for its managed gaming solutions division in Europe had risen 36.7% to £5.7mln in the fourth quarter compared to the same period in 2017, while for the full year NGR was up 48.1% on 2017 at £19.4mln.

Sunrise Resources Plc (LON:SRES) has updated investors on developments at the CS Pozzolan-Perlite Project in Nevada, where it is progressing towards establishing production. In a stock market statement, the company noted that the permitting and regulatory process is on track, with baseline studies now complete.

Eland Oil & Gas PLC (LON:ELA) has provided investors with an update for the Opuama field, in Nigeria’s OML 40 licence area, where new wells are currently being added. The company noted that the Opuama-9 well, which was completed on June 21, continues to be optimised but highlighted that production has been measured at an overall rate of 7,000 barrels of oil per day – which is above the upper end of previous guidance, pitched at 4,000 to 6,000 bopd.

Directa Plus Plc (|LON:DCTA) has received a second big order for technical clothing incorporating its graphene enhancement G+ from Alfredo Grassi. The order is worth €700,000 and will delivered this financial year.

Ceres Power Holdings PLC (LON:CWR) has raised £20mln (gross) through a conditional placing and share subscription at 15.08p per share.

Tekcapital PLC (LON:TEK) has announced that its wholly owned portfolio company Lucyd Pte Ltd has appointed Ira A. Clement, a licenced optometrist, as a science advisor and that the firm has filed a new patent application.

Biomass boiler specialist Aggregated Micro Power Holdings plc (LON:AMPH) saw profits rise 78% to £1.66mln in the year to the end of March after revenues more than doubled to £40mln from £15.8mln.

Greatland Gold plc (LON:GGP) has announced a new drilling campaign at its Havieron license following “encouraging” results from the final three holes of its first drilling programme.

Vast Resources PLC (LON:VAST)  saw record sales at both the Pickstone–Peerless gold mine in Zimbabwe and at Manaila in Romania in the past quarter. Gold production at the 25%-owned Pickstone mine rose 10% to 6,969 ounces with sales up 3% at 6,754oz. Grades were 2.48 g/t (2.78 g/t).

Cradle Arc Plc (LON:CRA) has announced the disposal of assets in Burkina Faso which are deemed to be ‘non-core’ to the business. It is disposing of the company’s subsidiary Société Miniére de Kerboulé SARL (or SMK) holds the wholly owned Arae and Gassel-Manere exploration licences which together comprise the Kerboulé Gold Project.

Connemara Mining Company PLC (LON:CON) has announced the commencement of a new drill programme at the Oldcastle Zinc project located in counties Cavan and Meath, Ireland.

Bushveld Minerals Limited (LON:BMN) is ready to push on with the development of its Imaloto coal power project in Madagascar in the second half of the year. The company’s coal and energy subsidiary, Lemur Holdings, signed a 30-year concession agreement with the Madagascan government last month which gives it the right to build, own, operate and supply an initial 60 megawatts in Imaloto..

Tissue Regenix Group PLC (LON:TRX) has announced the appointment of Gareth Hywel Jones as chief financial officer. The AIM-listed firm said Jones will join the group as CFO, company secretary and as an executive director on board on 30 November 2018.

OptiBiotix Health plc (LON:OPTI) said it has appointed Dr Sofia Kolyda as director of research & development with immediate effect.

Chaarat Gold holdings Limited (LON:CGH), the AIM quoted company developing the Chaarat Gold Deposit in the Kyrgyz Republic, announced the appointment with immediate effect of Robert Benbow as an executive director. Benbow’s appointment as chief operating officer, and he has worked with Chaarat since September 2016.

Thor Mining PLC (LON:THR) (ASX:THR) said SI Capital today released an initiation of coverage note on the stock with an ‘outperform’ rating.

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