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Proactive news snapshot: Cradle Arc, Hurricane Energy, Corero Network Security...

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

The mining license in Botswana held by Cradle Arc PLC (LON:CRA) over 28.5 square kilometres of ground including the Thakadu open pit and Makala underground deposit has now been extended by the Ministry of Mineral Resources until 2020.

Hurricane Energy PLC’s (LON:HUR) Lancaster field development has seen another key milestone as the Aoka Mizu FPSO vessel has now departed Dubai, where it was upgraded in dry-dock. 

Corero Network Security PLC (LON:CNS) is to receive a US$2mln investment from US internet hardware giant US Juniper Networks.

HemoGenyx Pharmaceuticals PLC’s (LON:HEMO) Immugenyx subsidiary is teaming up with US pharma giant Johnson & Johnson to find a new treatment for lupus. 

Oil and gas producer Columbus Energy Resources PLC (LON:CERP) intends to raise around £2.5mln by placing shares at 3.5p a pop. 

Galileo Resources PLC (LON:GLR) has completed a second phase of drilling at the Star Zinc project in Zambia. Preliminary results from four of the drill holes show intersections of high-grade mineralisation running at between 14% and 26% zinc, and over good widths. 

A growing adoption of its medical imaging technology helped IXICO PLC’s (LON:IXI) top-line surge last year. 

Kavango Resources PLC (LON:KAV) has completed the first phase of its airborne electromagnetic geophysical survey at the KSZ project in southwest Botswana. The survey has identified 26 conductive anomalies across 2,000 line kilometres in the Hukuntsi area of the KSZ project. 

Providence Resources PLC (LON:PVR) has had encouraging reports concerning frontier exploration licence (FEL) 6/14 situated some 260 kilometres off the south-west coast of Ireland. 

Lucyd, a portfolio company of investment company Tekcapital PLC (LON:TEK), has formed a reseller partnership with a Brazilian optical retailer and bagged its first order.

Ariana Resources PLC (LON:AAU) produced a record 7,588 ounces of gold in the third quarter of 2018, up significantly from the 7,171 ounces produced in the second quarter. 

Berkeley Energia Ltd (LON:BKY) chief executive Paul Atherley has told investors that the company remains “firmly committed” to developing its Spanish uranium mine, though, he said that continuing investment would depend upon the company receiving approvals to start construction. 

Echo Energy PLC (LON:ECHO) told investors that it has confirmed that its third Argentinian well will be suitable for mechanical stimulation, and, it will now move on to the next stage in operations. 

Active Energy Group PLC (LON:AEG) has inked a joint venture agreement with an American renewable energy group, with power plants in the states of North Carolina and Georgia. 

Block Energy PLC (LON:BLOCK) has kicked off a programme of well work-overs at the Norio oil field, in the Republic of Georgia, where it intends to scale up production rapidly before the end of this year. 

Premier African Mineral PLC (LON:PREM) has been notified that a decision over the ownership structure of the RHA tungsten mine in Zimbabwe will not come until the end of the month. 

Ulster-based gold explorer Galantas Gold Corporation PLC (LON:GAL CVE:GAL) has appointed corporate finance specialist Róisín Magee to its board. 

Bacanora Lithium PLC (LON:BCN) remains confident it will receive funding to build the Sonora mine in Mexico. 

Greatland Gold PLC (LON:GGP) has appointed former Rio Tinto (LON:RIO) copper mining executive Clive Latcham as a non-executive director with immediate effect.

BB Healthcare Trust PLC (LON:BBH) is to issue 2.4mln of its ordinary shares at 128.5p each, a premium to the prevailing net asset value per ordinary share.

Aggregated Micro Power Holdings PLC (LON:AMPH) plans to raise £8.5mln through the placing of shares at a pound a pop to retire convertible loan stock.


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