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Proactive news snapshot: ImmuPharma, Eurasia Mining, Tower Resources …

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

ImmuPharma PLC (LON:IMM) shares rose on Friday as the biopharma firm revealed that the managed access programme (MAP) for Lupozor, its late-stage treatment for auto-immune disease Lupus is progressing as planned. The AIM-listed firm said that following analysis of the regulatory processes in EU countries, it is planned to begin patient recruitment for the programme in France and UK. Big Pic in September.

Eurasia Mining plc (LON:EUA) told investors that it has now been given notice to pay a one-time license payment terms. Earlier this week, the company announced the official issue of a mining permit for the Monchetundra project.

Tower Resources PLC (LON:TRP) told investors that a contractor has been hired for the upcoming NJOM-3 well at the Thali project offshore Cameroon. Vantage Drilling International will supply the Topaz Driller jack-up rig and drilling services to deliver the well, with operations expected in the second quarter of 2019.

S & U PLC (LON:SUS), the specialist motor finance and bridging loan company, expects full-year results to be broadly in line with expectations despite a slowdown in the used car market.

Mirada Plc (LON:MIRA) posted a 61% rise in sales in the first half of its financial year as demand for its broadcast software and solutions surged. Shares in the AIM company surged on Friday afternoon, having been suspended earlier in the week pending confirmation of a new contract win. That contract, with leading Mongolian telecoms service provider Skytel, was confirmed this morning.

Sound Energy PLC (LON:SOU) has now kicked off the drilling of the TE-10 well at the Tendrara project in eastern Morocco. It is the second of a planned three well exploration programme at Tendrara, and, it is located around 25 kilometres away from Tendrara’s currently anticipated production area.

Kibo Energy PLC confirmed on Friday that it has resubmitted the tender qualification document to the Tanzania Electricity Supply Company (TANESCO) with regards to the Mbeya Coal to Power Project (MCPP).

Bushveld Minerals PLC (LON:BMN) has been given a severe rap over the knuckles by AIM’s disciplinary committee. The vanadium miner was fined £700,000, reduced to £490,000, and received a public censure for breaches of two of AIM’s listing rules.

Cash-strapped Myanmar-focused social media group MySQUAR Limited (LON:MYSQ) has temporarily shut down some of its operations to conserve cash. It will delist from AIM on Monday, having been unable to appoint a new Nomad.

Botswana-based copper miner Cradle Arc PLC’s (LON:CRA) future was placed in severe doubt last night after a proposed US$4mln loan fell through. Mining at the Mowana site has been suspended with trading in the junior’s shares also halted.

Kore Potash PLC (LON:KP2), the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project, announced that the Mining Convention covering the proposed staged development of the Kola and Dougou Mining Licences has been gazetted into law following ratification by the Parliament of the Republic of the Congo.

The Marketing Group PLC has struck a deal to acquire European digital asset investment firm Blockchain Nordic for €4.76mln. Blockchain Nordic has offices in London, Copenhagen and Marbella, and provides a wide range of investment solutions for dealing in digital assets, such as index investments, tailored portfolios and its own exchange providing access to numerous cryptocurrencies and currency pairs.

Rambler Metals and Mining PLC (LON:RMM) (TSXV:RAB) announced that on November 26 it closed its previously announced financing transaction with CE Mining III Rambler Limited of US$25mln in the form of senior secured convertible loan notes. The group said the proceeds received will be used by the company to strengthen its working capital position and for general corporate purposes.

Europa Oil & Gas (Holdings) PLC (LON:EOG) said it raised gross proceeds of approximately £0.3mln through its open offer priced at 3p a share that it launched last month, with approximately 29.77% of qualifying shareholders taking up their entitlements. The AIM-listed UK and Ireland-focused oil and gas exploration and production company announced on 20 November that it had raised £4.0mln via a placing of around 133.33mln new ordinary shares also at 3p each.

Sunrise Resources Plc (LON:SRES) announced that, further to the company's announcement last month, the company has appointed Beaumont Cornish as its AIM Nominated Adviser with immediate effect. SVS Securities Limited will continue to act as a broker to the company.

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