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Proactive news snapshot: Mporium Group, Tavistock Investments, Redx Pharma …

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

Digital marketing specialist Mporium Group PLC (LON:MPM) has raised £2.3mln by issuing shares at a premium. Existing investors subscribed for 46mln shares for which they paid 5p apiece – 11% above Tuesday’s closing price of 4.5p.

Wealth Manager Tavistock Investments PLC (LON:TAVI) has received a £1mln cash injection from affinity specialist Lighthouse as part of a strategic alliance. The two companies will develop a range of investment products for Lighthouse’s clients under its Luceo brand.

Redx Pharma Plc (AIM: REDX) has unveiled a new drug candidate, which will enter clinical trials in 2020. RXC006 is a new breed of pill called a porcupine inhibitor and it will be used as a first-in-class treatment for a rare but life-threatening disease called idiopathic pulmonary fibrosis.

Shares in Rockfire Resources PLC (LON:ROCK) jumped in mid-morning trading Wednesday after it completed a drilling programme at its Double Event prospect in Queensland, Australia. The AIM-listed miner said the drilling had encountered sulphides, including pyrite and galena (lead sulphide) at predicted depths.

The chairman of Seeing Machines Limited (LON:SEE), Jack Boyer, has hailed an “exciting and pivotal” 12 months for the firm in a statement at its annual general meeting (AGM). Big Pic in August.

MaxCyte PLC (LON:MXCT) has negotiated a clinical and commercial licence deal with Precision Biosciences of the US. Under the terms of the agreement, Precision will use MaxCyte's flow electroporation cell engineering technology alongside its own ARCUS genome-editing platform.

Tekcapital PLC (LON:TEK) said its portfolio company, glasses innovation group Lucyd, has launched an affiliate and reseller programme.

Sound Energy PLC (LON:SOU) has confirmed that the first well in its current three exploration well programme, TE-9, has now been drilled to a total measured depth of 2,925 metres in Palaeozoic, Upper Carboniferous mudstones, on budget and on schedule. The Moroccan focused upstream gas company said  wireline logging suite will now be acquired over the TAGI and Palaeozoic targets, and a further announcement will be made on completion.

Caledonia Mining Corporation PLC (LON:CMCL) told investors that gold production amounted to 13,978 ounces, down 2.9% versus the comparative period of 2017. Output for the nine month period measured 39,558 ounces.

Asiamet Resources Ltd (LON:ARS) has begun the additional drilling and geotechnical work at its Beruang Kanan Main (BKM) copper project in Indonesia. The explorer had hoped to have delivered a bankable feasibility study for BKM by now but decided last month to carry out extra work in order to optimise the mine design and further enhance the project economics.

Arc Minerals Ltd (LON:ARCM) has announced significantly higher grade cobalt results from shallow drilling of the oxide portion of its Kalaba (Zamsort) Cobalt-Copper Project in Zambia. The AIM-listed firm said the reverse circulation drilling results showed cobalt grades of up to 0.35%, intersected together with copper grades up to 1.50%.

Trinidad focused Touchstone Exploration Inc (LON:TXP, TSE:TXP) told investors that crude oil production averaged 1,758 barrels per day in the third quarter as the group successful well programmes continued to deliver. The third quarter production measure represented a 22% improvement against the 2017 comparative.

Galileo Resources PLC (LON:GLR) has updated on the modelling for its Star Zinc project in Zambia using data from its phase 1 and 2 drilling results. The mining firm said the phase 2 drilling, completed in October, had “significantly” increased the project’s non-JORC conceptual grade and tonnage estimate (CGT), with wireframe models suggesting the deposit had potential mineralisation that is open-ended to east/south-east.

Vast Resources PLC has reported further encouraging progress with regards to stakeholder engagement relating to the Heritage Concession within the Marange Diamond Fields of Zimbabwe. The firm said it intends to advance the Heritage Concession in a joint venture arrangement with Red Mercury (Pvt) Ltd, a company owned by the Marange-Zimunya Community Share Ownership Trust.

Regency Mines PLC (LON:RGM) is to take over the legwork on at the Mambare cobalt/ nickel project in Papua New Guinea. The renewal application has been recommended for approval by the Mining Advisory Council in Papua New Guinea and awaits Ministerial signature, it added.

African Battery Metals PLC (LON:ABM) has started to assess other targets at its Kisinka prospect in the DRC after auger results on two tracts indicated minimal amounts of cobalt and copper. Work has also started in Cameroon on the licences acquired with the purchase of Cobalt Blue in August.

Jersey Oil & Gas PLC (LON:JOG) has hired Vicary Gibbs as its new chief financial officer with immediate effect. At the same time, Scott Richardson Brown has stepped down from his current role with immediate effect, in order to focus on his other directorships and business interests.

Maistro PLC (LON:MAIS) confirmed on Tuesday evening that it had raised £1mln through a placing of 100mln new shares at a placing price of 1p each, a 68% discount to Monday's close price of 3.15p.

BlueRock Diamonds PLC (LON:BRD) announced late on Tuesday that Paul Beck, a founder director of the company, had resigned as a non-executive director of the company with immediate effect.

Base Resources Limited (LON:BSE) (ASX:BSE) said the latest company presentation, which was presented today at the TZMI Congress in Singapore, is available from the company’s website.

Ariana Resources PLC (LON:AAU) said it is hosting two corporate events in London, an Analyst and Investor Day on Thursday 29 November 2018 at the Hilton, Angel Islington, 53 Upper Street, London, N1 0UY between 9:00am and 6:00 pm, and a Shareholder Evening, Presentation and Q&A session on Monday 3 December 2018 at 6:00 p.m., at 1 America Square, 17 Crosswall Street, London, EC3N 2LB.

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