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Proactive news snapshot: Stobart Group, Berkeley Energia, ANGLE …

A glance at some of the day's highlights from the Proactive Investors newswire
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Stobart Group Ltd (LON:STOB) has teamed up with Virgin Atlantic and a New York-based hedge fund to take out cash-strapped Flybe Group PLC (LON:FLYB) in a cut-price £2.2mln deal.

Berkeley Energia Limited (LON:BKY) shares rose on Friday although it said it has received no official notice regarding official approvals for its Salamanca uranium project after reports emerged in the Spanish media.

ANGLE PLC (LON:AGL) has revealed its cancer detection device played an important role in research that may one day help prevent the spread of cancer around the body. Scientists at the University of Basel, Switzerland, used ANGLE’s Parsortix liquid biopsy to isolate metastatic circulating tumour cell clusters - a group of cancer and other cells tethered together as a single mass.

Drug developer ValiRx Plc (LON:VAL) has confirmed its peer-reviewed article analysing the used of lead drug, VAL401, has now been published online in the European Journal of Drug Metabolism and Pharmacokinetics. The academic work focuses on data from a phase II study, completed last year in Tbilisi, Georgia.

Obtala Limited (LON:OBT), the African focused forestry and timber trading company, has announced the appointment of Arden Partners as its nominated adviser and broker with immediate effect. The group also said Jessica Camus has stepped down as a non-executive director of the Company. with effect from today, adding that it started a process to appoint a further independent non-executive director.

Remote Monitored Systems PLC (LON:RMS) has raised £350,000 in a share placing to fund growth in its core business areas and to help clear its debt burden. The survey, inspection and monitoring company said it has issued a total of around 53.8mln new shares at a placing price of 0.65p, a 9.7% discount to its last close price of 0.72p. The shares will be admitted to trading on 17 January.

Next Fifteen Communications Group Plc (LON:NFC) has acquired predictive analytics and data marketing business Planning-Inc Limited.

Rose Petroleum PLC (LON:ROSE) has expanded its footprint In the Paradox basin, in Utah, with a deal to acquire around 1,920 acres. The new acreage was secured through the December 2018 Bureau of Land Management Utah lease sale. Rose will own 75% alongside partner Rockies Standard Oil Company (RSOC).

Active Energy PLC’s (LON:AEG) has been encouraged by the “substantive nature” of discussions with potential offtake partners in Europe and Asia in recent weeks.

Tharisa plc (LON:THS) told investors it is “fully committed” to its Vision 2020 strategy though a quarterly production report today has shown a larger than expected dent in output as it works to optimise operations. The platinum metals firm produced 33,600 ounces of PGMs and 305,400 tonnes of chrome concentrate, representing a 5.9% and 10% reduction, as recovery rates declined due to the processing of tailings.

Afarak Group PLC (LON:AFRK) has appointed Melvin Grima, the specialist alloy producer’s finance director, as its new chief financial officer with immediate effect. The London main market-listed firm said Grima replaces Pedrag Kovacevic who left the company on 10 January by mutual agreement.

EQTEC Plc (LON:EQT), the technology solution company for waste gasification to energy projects, said it has executed final legal documentation to amend the existing secured loan facility with Cuart Investments Fund and associates initially entered into by the company on 5 July 2018. The group said it has a number of significant near term contract opportunities and has therefore agreed to amend the loan facility in order to allow the company to focus its financial resources on delivering projects within the pipeline in the near future.

US Oil & Gas PLC (USOP) has raised additional new capital through a placing of new shares. The Nevada focused explorer announced that it has sold 40,029 shares to private investors at a placing price of 30p per share, to raise US$ 15,651.

Range Resources Limited (LON:RRL), an international company with oil and gas assets and oilfield services operations in Trinidad and Indonesia, announced the appointment of Dr Mu (Robin) Luo as a non-executive director of the company with immediate effect. The group said Luo, a senior oil and gas professional with 36 years’ experience, is currently a principal development geophysicist to Inpex Corporation, leading a multi-billion Ichthys LNG project in Australia.

Obtala Limited (LON:OBT), the African focused forestry and timber trading company, has announced the appointment of Arden Partners as its nominated adviser and broker with immediate effect. The group also said Jessica Camus has stepped down as a non-executive director of the Company. with effect from today, adding that it started a process to appoint a further independent non-executive director.

OptiBiotix Health plc (LON:OPTI), the life sciences business developing compounds to tackle obesity, high cholesterol and diabetes, said that, further to its announcement of 17 December 2018, the regulatory due diligence process required for a board position has been completed for the appointment of Frédéric Narbel as managing director of OptiBiotix's prebiotic division.

Touchstone Exploration Inc. (LON:TXP) (TSX:TXP), the oil and gas exploration and production company active in the Republic of Trinidad and Tobago, said it will be holding a live online investor presentation and Q&A session for investors at 7pm on Tuesday 15 January. It added that a webcast will be recorded and made available on ValueTheMarkets.com after the event.


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