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Proactive news snapshot: AFC Energy, ADES International, Europa Oil & Gas …

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

AFC Energy plc (LON:AFC) shares rocketed higher on a first commercial order from Australia for a hydrogen power unit using its fuel cells. Southern Oil will install the unit, expected to be between 200kW and 400kW in capacity, at its advanced biomass facility at Gladstone.

ADES International Holding Ltd (LON:ADES) has agreed to buy 31 onshore drilling rigs located in North Africa and the Middle East from drilling services powerhouse Weatherford International. The deal doubles ADES operational drill fleet and includes contracts, management systems and approximately 2,300 staff throughout Algeria, Kuwait and Saudi Arabia.

As Europa Oil & Gas Holdings PLC (LON:EOG) today officially kicks off a data room for its farm-out efforts, the AIM-quoted explorer has added another big potential exploration programme offshore Ireland. The prospect, called Egerton, is described as being analogous to the Bay du Nord discovery, off the Canadian coast - in a similar geological setting, in the ‘conjugate’ on the other side of the Atlantic.

Rockfire Resources Plc (LON:ROCK) shares gained 7% at 1.825p after the firm announced that on 11 July 2018 it was notified that serial AIM investor Paul and Michelle Johnson had a beneficial holding of 29,850,977 ordinary shares in the company, representing 8.69% of its issued share capital.

Itaconix Plc (LON:ITX), the designer and manufacturer of speciality polymers, is to raise up to £4.3mln (gross) through a share issue and make changes to its senior executive team.

ReNeuron Group Plc (LON:RENE), the cell therapy specialist, said it was making progress on three fronts as its latest update revealed it was well-funded for the next round of development.

Allergy Therapeutics plc (LON:AGY) expects its top-line to jump once again this year, despite an “unusually weak” pollen season.

Primary Health Properties PLC (LON:PHP) has secured a contract to fund the construction of a purpose built primary care centre in the Republic of Ireland. The FTSE 250 healthcare-focused real estate investment trust said it had contracted to provide development funding for the construction of a new primary care centre in Bray, County Wicklow for €22.3mln.

Telit Communications Plc’s (LON:TCM) deviceWISE industrial internet of things (IIOT) platform is now fully interoperable with IBM’s Watson IoT platform.

After the close on Wednesday, BB Healthcare Trust PLC (LON:BBH) said the six months to the end of May had been another period of positive progress. During the period, the company's share price and net asset value (NAV) recorded total returns in sterling terms of 4.0% and 7.5% respectively.

Custodian REIT PLC (LON:CREI) has sold a 20,424 square foot town centre retail unit in Dumfries for £1.125mln. The UK property investment company said the sale price was in line with the June 30, 2018 valuation.

Braveheart Investment Group PLC (LON:BRH) noted that investee company Paraytec Limited has engaged an adviser to raise £4mln of equity fundraising. Paraytec said the funds will be used to fund the further development, regulatory approval and commercialisation of its innovative urine test for the detection and monitoring of bladder cancer.

Gfinity Plc (LON:GFIN) has appointed sports and media executive Graham Wallace to the newly created position of global chief operating officer.

Caledonia Mining Corporation (LON:CMCL) (TSX:CAL) has reported an increase in gold production year-on-year for the first half of the year at its Blanket mine in Zimbabwe. The AIM-listed gold miner said around 25,582 ounces of gold had been produced in the first half of the year, marginally ahead of the 25,316 ounces produced in the same period a year ago. In a separate announcement, the company also announced a fatality at the Blanket mine on July 12.

Strategic Minerals Plc (LON:SML) has released a quarterly update on its sales performance, for the Cobre magnetite tailings operations, which shows it had “maintained and improved” underlying volumes.

Asiamet Resources PLC (LON:ARS) has announced the appointment of Zsa Yusharyahya to the position of executive vice president - external relations based in Jakarta, effective 1 August 2018. It said Yusharyahya is a highly experienced public relations and communications specialist with an extensive senior management background across multiple business sectors.

KEFI Minerals plc (LON:KEFI) has all the required consortium members working hard to close full project financing for Tulu Kapi this year. In a statement released ahead of the company's annual general meeting on Thursday, the company's executive chairman, Harry Anagnostaras-Adams, said KEFI “stands ready to develop Tulu Kapi as Ethiopia's first modern gold mine and then pursue organic growth via KEFI's already-established project pipeline in Ethiopia and in Saudi Arabia”.

Gold production by Pan African Resources plc (LON:PAN) was ahead of recent guidance in the year to the end of June. Big Pic in April

G3 Exploration Ltd. (LON:G3E), an independent specialist in the exploration and development of coal bed methane gas (CBM) with roots in China and a focus on international expansion, said it has nominated Bryan Smart and Zhao Li Guo as non-executive directors of the company, to be voted on at its annual general meeting, which is being held on 30 July 2018.

OptiBiotix Health plc (LON:OPTI), the life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care said it was notified on 11 July 2018 that Neil Davidson, its non-executive chairman acquired 210,000 ordinary shares in the company, representing 0.25% of the issued share capital, at a price of 71p per share, taking its total holding to 0.44% of the issued share capital.

Chaarat Gold PLC (LON:CGH), the AIM-quoted exploration and development company with assets in the Kyrgyz Republic, said it hosted the Kyrgyz Republic Investment Forum on 28 June 2018 and co-hosted with the Embassy of the Kyrgyz Republic and the European Bank for Reconstruction and Development entitled "The Kyrgyz Republic - Central Asia's next emerging market". The group said presentations from the Forum are available at

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