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Proactive news snapshot: Midatech Pharma, Curzon Energy, Ariana Resources …

A glance at some of the day's highlights from the Proactive Investors newswire
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Midatech Pharma PLC (LON:MTPH) said the Spanish government had conditionally approved a €6.6mln Reindustrialisation, or Reindus loan that will be used to help commercialise its flagship drug.

Curzon Energy PLC (LON:CZN), the North America-focused natural gas project developer, is to proceed with its planned participation in Pared’s Texas Gas Project.

Ariana Resources PLC (LON:AAU) has announced a positive update on the exploration and development activities at its projects within Turkey. The AIM-listed exploration and development company with gold mining operations in Turkey highlighted the successful completion of 746 metres of infill resource diamond-drilling at its 100% owned Kizilcukur Project.

Anglo African Oil & Gas PLC (LON:AAOG) shares gushed higher in mid-afternoon Friday after oil was produced from its TLP-103C well at the Djeno reservoir in the Republic of the Congo. The exploration firm said the result had confirmed previous calculations in January by oilfield services group Schlumberger that the well had hit oil at the Djena reservoir after drilling operations were completed on 26 January.

Eco Atlantic Oil & Gas Ltd (LON:ECO) and its partners at the Orinduik Block offshore Guyana have selected the location of the second well of the 2019 drilling programme. Spudding at the Joe prospect, which is estimated to host up to 150mln barrels of oil equivalent, is set to begin in mid-July.

CentralNic Group PLC (LON:CNIC) said it will receive around 680,000 domain names as part of a bulk transfer from a former registrar.

SkinBioTherapeutics PLC (LON:SBTX) is to appoint Smith & Nephew PLC’s (LON:SN.) former sales and marketing boss Stuart Ashman as its new chief executive. Regulatory due diligence checks still need to be carried out, SkinBio said, but the plan is for the 52-year-old to replace Cath O’Neill following a “period of transition”.

Peel Hunt has raised its rating for accesso Technology PLC (LON:ACSO) back to ‘buy’ from ‘add’ in the wake of the e-ticketing firm’s recent full-year results to reflect the group's current valuation and future prospects. The City broker reduced its target price for the AIM-listed firm to 1,145p from 1,200p.

SIMEC Atlantis Energy Limited (LON:SAE) has raised £5mln in a share placing and subscription to help fund its acquisition of SIMEC Green Highland Renewables (GHR). The group, which focuses on sustainable energy, said it would issue around 31.4mln new shares at a price of 16p each, a 5.9% discount to Thursday's closing price.

Spain-focused junior miner Europa Metals Ltd (LON:EUZ) has raised just short of £1mln to fund metallurgy and resource drilling at its Toral lead, zinc and silver project. The new equity will account for 53.4% of the enlarged share capital.

Shanta Gold Limited (LON:SHG) is to float its Singida gold mining asset in Tanzania on the Dar es Salaam stock exchange. The gold miner wants to raise US$20mln to develop Singida, with the IPO expected to take between 6-12 months.

Horizonte Minerals PLC, (LON:HZM, TSE: HZM), the nickel development company focused on Brazil, said in its full-year results statement that the nickel market continues to demonstrate compelling fundamentals.

Red Rock Resources PLC (LON:RRR) posted higher losses in the half year to December. At the pre-tax level they rose to £283,000 from £115,000 a year earlier, while a write-down on its stake in Jupiter Mines meant attributable net losses were £2.1mln (£4.62mln profit).

Kore Potash (LON:KP") booked losses of US$6.3mln during the year to 31 December 2018, and experienced net cash outflows from operating and investing activities of US$23.1mln. Cash and cash equivalents totalled US$6.2mln as at 31 December 2018.

Chesnara PLC (LON:CSN) took a knock from market conditions in 2018 but the life and pensions consolidator expects the volatility to throw up more opportunity for acquisitions. Economic value fell 13% to £626mln due to falling bond and equity prices and a stronger pound with an economic loss for the year of £60.9mln.

Canadian Overseas Petroleum Limited (LON:COPL) has secured a US$7mln performance bond from a Nigerian bank which will allow it to start work at its OPL 226 licence offshore Nigeria. At the end of last year, the state-run National Nigerian Petroleum Corporation (NNPC) granted conditional approval for a two-year extension of the phase 1 production sharing contract (PSC) subject to certain conditions, including the submission of a performance bond of US$7mln.

Survey, inspection and monitoring company Remote Monitored Systems PLC (LON:RMS) is implementing cost-saving measures to offset a slow start to 2019 by its Geocurve business.

African Battery Metals PLC (LON:ABM) executive director Paul Johnson has hailed a “well-funded” and debt-free business following what he said was a “challenging period” for the exploration firm in its latest full year.

MTI Wireless Edge Ltd (LON:MWE) has secured a US$1mln contract to develop military antennas.

Regency Mines PLC (LON:RGM) has admitted the first half was “exceptionally disruptive” but the company is taking action to address its challenges and remains positive about the outlook.

Concepta PLC (LON:CPT) has confirmed its agreement to supply the myLotus product for women's fertility and hormone testing to Boots UK, a member of Walgreens Boots Alliance. The group said the Boots supply agreement represents the first commercial partnership forming part of its EU roll-out plans.

hVIVO PLC (LON:HVO), a clinical development services business pioneering human disease models based upon viral and allergen challenge, has confirmed that the company and its joint venture, Imutex Limited, will present at the Influenza Vaccines for the World (IVW 2019) conference on 2-4 April 2019 at the Royal College of Physicians of Edinburgh, Edinburgh, Scotland, UK.

Redx Pharma Plc (LON:REDX), the drug discovery and development company focused on cancer and fibrosis, announced that the two abstracts submitted by the Company have been accepted for presentation as posters at the 2019 American Association for Cancer Research (AACR) Annual Meeting in Atlanta, Georgia, taking place between 29 March and 3 April 2019. Both posters relate to the Company's lead oncology candidate, RXC004, a selective, orally bioavailable porcupine (PORCN) inhibitor which targets the Wnt signalling pathway.

Anglo Asian Mining PLC (LON:AAZ), the AIM-listed gold, copper and silver producer focused in Azerbaijan, said it has now received the first draft of the airborne geophysical survey interpretation for the Gedabek area. The group added that, following discussions this week with its contractor, the company now expects the final results of the survey to be available in April 2019.

LoopUp Group PLC (LON:LOOP) announced that its Independent non-executive director, Barmak Meftah has resigned from the Board with immediate effect after four years' service to focus on other commitments. The group said it is engaged in a process to find a successor and expects to make a further announcement in the near future.

Sure Ventures PLC (LON:SURE), the London listed venture capital fund, which invests in early-stage software companies across a range of verticals, announced that it will be participating in the UK Investor Show on Saturday 30 March 2019 at the Queen Elizabeth II Conference Centre Westminster, London, SW1P 3EE.


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