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Proactive news snapshot: Hemogenyx Pharmaceuticals, PhotonStar LED, Futura Medical …

A glance at some of the day's highlights from the Proactive Investors newswire
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Junior biopharma HemoGenyx Pharmaceuticals PLC (LON:HEMO) will receive an investment of at least US$1mln as part of a new collaboration deal with Nasdaq-listed cell therapy specialist Orgenesis.

Lighting group PhotonStar LED Group PLC (LON:PSL) has signed a partnership with a major housing association in the south of England to trial its Halcyon range of  smart heating and lighting appliances. Over 80,000 homes are managed by the association and the trial is part of a ‘smart estates’ programme to remotely monitor heating, light and temperature.

Futura Medical PLC (LON:FUM), the pharmaceutical company focused on sexual health, has conditionally raised £5.6mln through a share issue.

Life sciences investor Arix Bioscience Plc (LON:ARIX) has poured another £5.4mln into LogicBio Therapeutics as part of the gene editing specialist’s IPO in New York today (Friday).

Molendotech, a company backed by Frontier IP Group Plc (LON:FIPP), has entered into a collaboration agreement to develop water tests for G's Group.

Rockfire Resources Plc (LON:ROCK) updated investors on its inaugural reverse circulation drilling programme at the Marengo project, Queensland. Highlight results from shallow holes included gold grades up to 7.8 grams per tonne in one section.

Kibo Energy PLC (LON:KIBO) told investors that is has now submitted documentation, a formal tender qualification document, to TANESCO (Tanzania Electricity Supply Company) for the Mbeya coal to power project (MCPP).

Regency Mines Plc (LON:RGM) updated investors on September production numbers for the AIM-quoted firm’s 47% owned Mining Equity Trust. MET sold 44,020 tons of coal for the month, achieving $1.95mln of total revenues.

City broker Arden Partners reckons the Asiamet Resources PLC (LON:ARS) share price can follow the same trajectory as fellow copper explorer SolGold over the coming months and years. SolGold, which is developing the much-hyped Cascabel copper-gold project in Ecuador, has seen its share price rise more than 2,000% over the past three years.

Lionsgold Limited (LON:LION) has updated investors on its operations and revealed that its currently suspended shares won’t be readmitted to trading on AIM before the November 11 deadline, and, as a result will be withdrawn from London’s junior market.

Cradle Arc PLC (LON:CRA) said it has completed the restructuring of certain obligations by its operating company, Leboam Holdings (Pty) Limited to ZCI Limited and Messina Copper Botswana (PTY) Limited - in liquidation - thereby enabling the successful conclusion of the Debt Sale Agreement between PenMin Botswana Proprietary Limited and Fujax Minerals and Energy Limited. Accordingly, it added, the loan facility of US$2mln from PenMin - Cradle Arc's largest shareholder - has now been finalised and the funds made available to Leboam.

APQ Global Limited (LON:APQ), the is emerging markets growth company announced that as at the close of business on 30 September 2018, its unaudited book value per ordinary share was 105.96 US cents, equivalent to 81.26p. The firm said it has also published its quarterly update to the end of September 2018 which is available on the company’s website.


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