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Proactive news snapshot: Sirius Minerals, Cradle Arc, Pan African Resources …

A glance at some of the day's highlights from the Proactive Investors newswire
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Sirius Minerals PLC (LON:SXX) has struck a new U$250mln funding deal which it expects will bridge the gap until Stage 2 project financing is needed, in the second quarter of 2019. Specifically, Sirius has agreed an amendment to an agreement with Hancock British Holdings Ltd, originally made in 2016.

Cradle Arc Plc (LON:CRA) has renewed prospecting licenses for an area north of its Mowana copper mine in Botswana.

Pan African Resources plc (LON:PAF) told investors that it is looking forward to the year ahead, following a period which saw a challenging operating environment. In the company’s trading statement for the financial year, ended June 30, chief executive Cobus Loots said: “The group results for the 2018 financial year are reflective of both the incredibly challenging operational environment and the specific issues that confronted the group over the past year.

Kibo Energy (LON:KIBO) reported significantly reduced first-half operating losses and said the company had made good progress in expanding its portfolio and had solidified its position in the African energy market.

ECR Minerals PLC (LON:ECR) told investors it has restarted its exploration programme at the Bailieston project, Central Victoria, Australia. The company noted that it has identified eight targets across its five exploration areas, and, an exploration programme has been designed to test surface gold mineralisation.

ValiRx Plc (LON:VAL), the clinical stage biotechnology company, has raised £1.15mln via a placing to accelerate its clinical and pre-clinical portfolio, welcoming new investors in the process. The AIM-listed firm said it issued 76,666,666 new ordinary shares at a price of 1.50p each in the placing undertaken by the company's broker, Novum Securities.

Summit Therapeutics PLC (LON:SUMM) (NASDAQ:SMMT) has announced that its management will participate in one on one meetings for two upcoming investor conferences in New York City – the Janney Healthcare Conference on 17 September 2018, and the Oppenheimer Fall Summit on 26 September 2018. The biotech group also said it will announce its financial results for the second quarter and half year ended 31 July 2018 on 20 September.


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