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Proactive news snapshot: BlueRock Diamonds, Landore Resources, W Resources …

Published: 15:30 05 Feb 2019 GMT

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BlueRock Diamonds PLC (LON:BRD) has announced the recovery of an exceptional 8.97 carat diamond on Friday 1 February from the Kareevlei Diamond Mine in the Kimberley region of South Africa.

Landore Resources Ltd (LON:LND) has completed the first phase of a detailed metallurgical assessment of the BAM gold deposit on the Junior Lake property in Ontario. The results show that a 98% recovery rate is achievable.

W Resources PLC (LON:WRES) has completed three further shipments of tungsten to its European customer, following the delivery of the first shipment in December.

Greatland Gold PLC (LON:GGP), the precious and base metals exploration and development company, has announced excellent laboratory assay results from the company's second drill campaign at its 100% owned Havieron licence in the Paterson region of Western Australia.

88 Energy Limited (ASX:88E) (LON:88E) said drilling will get underway on Alaska’s North Slope later this month on a well targeting a prospective resource of 400mln barrels of oil. Winx-1 is around four miles east of Horseshoe-1/1A, which significantly extended the highly successful Nanushuk play fairway to the south.

Shares in Arc Minerals Limited (LON:ARCM) soared in late-morning trading Tuesday after it appointed the founder of Zamsort Limited to its board as a non-executive director. The exploration firm said Mumena Mushinge would join the board with immediate effect.

Pharma services company Clinigen Group PLC (LON:CLIN) has appointed Nick Keher as its new chief financial officer. Keher, who is set to take up his new role on 19 March, joins from Canadian investment bank Royal Bank of Canada, where he was a managing director and head of the European healthcare equity research team.

Rockfire Resources PLC (LON:ROCK) shares rose after it said it had pinpointed several “strong” gold targets in the Double Event prospect at its Lighthouse tenement in Queensland. The exploration firm said it had found “very high” gold-in-soil results of up to 0.23 grams per tonne (g/t) of gold, with 5 samples exceeding 0.1g/t of gold.

MaxCyte Inc (LON:MXCT) has proposed a share placing to fund an acceleration of its growth strategy as well as executing “significant commercial opportunities”. 

Virtual reality (VR) group Immotion Group PLC (LON:IMMO) has raised £3.3mln via a share placing so it can deliver on a number of significant new contracts it has signed. The company 45,499,996 new ordinary shares were placed at 6p a pop, a 26% discount to Monday's closing price of 8.1p.

Union Jack Oil PLC (LON:UJO) and Europa Oil & Gas Holdings PLC (LON:EOG) both announced that Egdon Resources Plc (LON:EGR), as operator of the Wressle oil discovery, has lodged an appeal against the refusal of planning permission for the drill site in North Lincolnshire. The appeal will be dealt with by the Planning Inspectorate.

AdEPT Technology Group (LON:ADT) announced that Christopher Kingsman has resigned as a non-executive director of the company with immediate effect. Kingsman said: “I remain as the largest shareholder in the Group and fully support the strategic direction of the Company. Now that Phil (Race) has transitioned to the CEO role, I no longer feel the need to be on the board and want to free up time for my other business interests."

Motif Bio Plc (LON:MTFB) (NASDAQ:MTFB), the clinical-stage biopharmaceutical company specialising in developing novel antibiotics, said it has received notification from warrant holders to exercise warrants representing 113,396 ordinary shares in the company for total consideration of £36,513.52.  The exercise price of all warrants was 32.2p per warrant.

Primary Health Properties PLC (LON:PHP) said an independent adviser has determined that no adjustment is required in respect of the open offer element of the equity issues it made in March 2016 and March 2018, with his determination is conclusive and binding on the parties.  Accordingly, the group added, there is no longer any contingent liability an adjustment to the exchange price of its 4.25% Guaranteed Convertible Bonds 2019.

Midatech Pharma PLC (LON:MTPH) (NASDAQ:MTP), the R&D company focused on delivering innovative oncology and rare disease products to patients, announced after the close on Monday that it conditionally raised, in aggregate, approximately £4.7mln, before expenses, via a placing of 120,966,718 units (comprising one placing share and one warrant) at an issue price of 3.85p per unit. Together with a related share subscription, the company said it conditionally raised gross proceeds of approximately £12.7mln, and looking to raise an additional £0.75 through an open offer to qualifying shareholders of up to a further 19,456,554 units.

Red Rock Resources PLC (LON:RRR) has completed the first phase of work at its Musonoi mine in the Democratic Republic of the Congo. The natural resource development firm said it had digitised data from 83 old drill holes, 9 cross sections, and an open pit shell at the site.

Pharma services company Clinigen Group PLC (LON:CLIN) has appointed Nick Keher as its new chief financial officer. Keher, who is set to take up his new role on 19 March, joins from Canadian investment bank Royal Bank of Canada, where he was a managing director and head of the European healthcare equity research team.

Plexus Holdings PLC (LON:POS) has completed a share buyback programme from its Russian partner Gusar after the transaction was approved by shareholders last week. The oil & gas services firm said its had completed the acquisition of around 4.95mln shares, costing around £2.5mln in cash.

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