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Proactive news snapshot: ValiRx, Avation, Sativa Investments …

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

ValiRx Plc (LON:VAL) has hailed the publication of its first peer reviewed article assessing clinical trial results for its cancer drug VAL401. Data from the phase II study, completed last year in Tbilisi, Georgia, will be carried in the European Journal of Drug Metabolism and Pharmacokinetics.

Aircraft leasing company Avation PLC (LON:AVAP) has bought four new Airbus A220-300 planes which it has immediately leased out to Latvian carrier airBaltic.

Bio-technology firm Rapid Dose Therapeutics Inc (CSE:DOSE), an investee business of medicinal cannabis investor Sativa Investments PLC (LON:SATI), has been admitted to trading on the Canadian Stock Exchange. Sativa Investments, which is the UK’s first medicinal cannabis investment firm, subscribed for 400,000 shares at C$50 each in Rapid Dose Therapeutics for C$200,000 in cash ahead of the listing on Monday.

Drug discovery group Sareum Holdings Plc (LON:SAR) will tell investors 2018 has been a year of significant progress. At the company’s annual meeting, being held in the City of London, chairman Dr Stephen Parker will point to the progress of SRA737, which has been licensed to Sierra Oncology.

Consilium Group Limited’s (LON:COIN) investee company, StartupToken, has received investment from Blockwater Capital, a leading South Korean digital asset investment fund.

The Financial Conduct Authority (FCA) has expanded the scope of its investigation into the timeliness of stock market announcements by Telit Communications Plc (LON:TCM) to include the accuracy of earlier announcements made by the company.

Rockfire Resources PLC (LON:ROCK) shares surged in mid-morning trading Tuesday after it identified “outstanding past drilling results” at its Kookaburra exploration licence in Queensland following a review of historical drilling at the Native Bee prospect.

Cradle Arc PLC (LON:CRA) has applied to put its subsidiary Leboam Holdings into provisional liquidation. Cradle Arc has a 60% stake in Leboam, which is the holding company of the Mowana copper mine in Botswana.

Asiamet Resources Limited (LON:ARS) has said it expects initial results “shortly” from a 4,500 metre drilling program at its flagship Beruang Kanan Main (BKM) Copper project in Indonesia.

Savannah Resources PLC (LON:SAV) has formalised its relationship with a university research team led by professor Noronha – the man who first discovered lithium near the company’s Mina do Barroso project in northern Portugal thirty years ago.

Sunrise Resources Plc (LON:SRES) has received 50,000 new shares in VR Resources Ltd (CVE:VRR) following the start of drilling at the Junction copper-silver-gold project in Nevada.

EQTEC Plc (LON:EQT) announced that the transition to its new nominated adviser is continuing smoothly and that the company anticipates being able to announce the appointment of the new Nomad by mid/late-January 2019 following the completion of the due diligence process and a site visit to Barcelona which is scheduled for mid-January 2019.

Chesnara Plc (LON:CSN) has announced the appointment of Mark Hesketh as its independent non-executive director with immediate effect.  The group said Hesketh has extensive financial and operational experience in financial services across country and channel boundaries, managing significant complexity, scale and diversity including in M&A and risk management having held senior roles at Standard Life PLC and Royal Bank of Scotland PLC.

Grit Real Estate Inc (LON:GR1T) has issued a year-end note to its investors providing highlights of the 2018 year and how this year's developments have positioned the company for the years ahead which can be viewed on the company's website.

Primary Health Properties PLC (LON:PHP) is to issue 15.9mln new shares after one of its bondholders, PHP Jersey, opted to convert £15.3mln worth of bonds. The conversion means there are now £23.3mln of convertible bonds outstanding.

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