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Proactive news snapshot: Eurasia Mining, Bango, Telit Communications …

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

The official licence certificate for the Mochetundra project in Russia has now been delivered to Eurasia Mining plc (LON:EUA). The licence was registered with the state registry of subsoil mining licences in Moscow on Monday 10 December.

Mobile payments company Bango plc (LON:BGO) has launched Bango Marketplace, a new product that increases user numbers and revenues for app developers and opens new revenue streams for mobile operators.

Telit Communications Plc (LON:TCM) said it was working on the "smooth and fast" transfer of the automotive business to buyer TUS International as updated on trading and said it had found a further US$10mln of cost savings.

IQ-AI Limited’s (LON:IQAI) subsidiary Imaging Biometrics has had its new IB Rad Tech software platform installed at the Barrow Neurological Institute in St. Joseph's Hospital and Medical Center in Arizona.

IXICO PLC (LON:IXI), the data science company delivering insights in neuroscience, has announced the resignation of chief financial officer Susan Lowther, who is leaving to pursue other business interests.

Amphion Innovations PLC (LON:AMP) on Tuesday said its partner company, Polarean Imaging, had raised US$4mln through a share placing. The developer of medical, life science, and technology businesses, said Polerean had issued 22.3mln new shares worth 14p each.

Chariot Oil & Gas Limited (LON:CHAR) has conducted a thorough analysis of drilling cost estimates for its key prospects and remains keen to take advantage of rig rates, which currently are at historically low levels.

Echo Energy Plc (LON:ECHO) has mobilised equipment that will allow it to acquire 1,200 square kilometres of three-dimensional seismic data on the Tapi Aike exploration acreage in Neuquén province, Argentina.

Kibo Energy PLC (LON:KIBO) has elected to extend the deadline for the final confirmation of the Strategic Development Agreement with Chinese power company SEPCOIII, which was announced in July. The extension will run for a further 4 months to 30 March 2019.

Bacanora Lithium PLC (LON:BCN) has moved to quell speculation over its future funding.  The statement followed a webinar held by Cadence Minerals, which is an investor in Bacanora. "The company would like to reiterate that Cadence Minerals is not an insider to Bacanora and neither it nor any other shareholder is in possession of any inside information regarding a potential equity raise or any other funding matters," Bacanora said.

Block Energy Plc (LON:BLOE), the energy company focused on the Republic of Georgia, has signed a service agreement for the provision of downhole perforation technology. Block said conventional perforation technologies have had mixed success in Georgia so it has opted for this advanced technology, which has a proven record of significantly enhancing recovery rates.

Stobart Group Limited (LON:STOB) said that, further to the announcement of 3 December, a dividend of 1.5p per share will be paid on 31 January 2019 to shareholders on the register as at 28 December 2018, not 11 January 2019 as previously announced.

Arix Bioscience Plc (LON:ARIX) has announced the appointment of Dr Christian Schetter as Entrepreneur in Residence (EIR). The firm noted that Schetter has over 20 years’ industry experience across the life sciences sector, and joins Arix from German immuno-oncology company Rigontec GmbH, where he was CEO for four years before its acquisition by MSD.

Landore Resources Limited (LON:LND) has announced the appointment of Cenkos Securities as its nominated adviser and broker with immediate effect.

Active Energy Group PLC (LON:AEG) has said it is the intention of its directors to transition the company's Nomad role from Northland to SP Angel. It added that the process has already started and at present the company anticipates an orderly transition of the role.

Aggregated Micro Power Holdings plc (LON:AMPH) has confirmed that the redemption of its Convertible Loan Notes occurred at the close of business on 10 December 2018. The group said that, of the £10.01mln nominal of Convertible Loan Notes outstanding, it received elections from 91% of noteholders to convert £9.13mln into a total of 11,702,811 new ordinary shares, therefore, the company is redeeming the remaining £0.88mln nominal of Convertible Loan Notes at par.

UK office property investor Circle Property PLC (LON:CRC) has appointed Damian Jepson as a non-executive director. Jepson, who works for Consortia Partnership, a Jersey-based trust, will replace Timothy Scott Warren, who has handed in his resignation.

PCF Group Plc (LON:PCF) chairman Tim Franklin put his hand in his pocket to buy £14,000 worth shares in the motor finance and business loans specialist at the end of last week. He immediately sold those shares at a slight loss to facilitate a NISA transfer.

Summit Therapeutics PLC (LON:SUMM) has told investors it is well-funded as it gears up to begin phase III trials of its ridinilazole C. difficile treatment in the first quarter of next year.

Circassia Pharmaceuticals PLC (LON:CIR) is exercising an option to acquire the US commercial rights for lung disease treatment Tudorza, giving it full ownership.

Sunrise Resources Plc (LON:SRES) has hailed a “very busy year” for its pozzolan, perlite, copper,silver, gold, and diamond projects as it reported its final results for the year.

BB Healthcare Trust PLC (LON:BBH) plans to raise over £1.3mln through the issue of 1mln ordinary shares at 132.22p each, a premium to the prevailing net asset value per share. 

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