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Proactive news snapshot: Union Jack Oil, Ethernity Networks, hVIVO, Intosol Holdings …

A glance at some of the day's highlights from the Proactive Investors newswire
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Union Jack Oil PLC (LON:UJO) has revealed what is described as a “potentially transformational” result as the West Newton appraisal well confirmed a substantial hydrocarbon accumulation. The West Newton A-2 conventional appraisal well, located in east Yorkshire, encountered a 65 metre (net) interval in the Kirkham Abbey formation which was its main target.

Ethernity Networks PLC (LON:ENET) shares soared higher on Monday after FiberHome Telecommunication Technologies, a major Chinese networking and telecommunication equipment provider said it had selected the firm’s ACE-NIC100 FPGA SmartNIC for implementation within its FitBNG, Broadband Network Gateway (BNG).

A clinical study using facilities and a trial protocol developed by hVIVO PLC (LON:HVO) has delivered positive results. Enanta Pharmaceuticals’ N-protein inhibitor, EDP-938, achieved a “highly statistically significant” reduction in viral load and cleared up the symptoms of respiratory syncytial virus (RSV).

Intosol Holdings PLC (LON:INTO) has seen a 15% increase in bookings to its boutique hotels in the first quarter and said its new business model will deliver higher margins for the year ahead.

Computer networking specialist BATM Advanced Communications Limited (LON:BVC) has developed a new technology under its long-standing partnership with NXP Semiconductors that will speed up the flow of network traffic.

FairFX Group PLC (LON:FFX) has reiterated its full-year guidance following a strong start to its current year. In an update ahead of its AGM on Monday John Pearson, chairman of the e-banking and payments group, said the Company’s year to date in 2019 had been strong in terms of both turnover and improved margins.

European Metals Holdings Ltd (LON:EMH)(ASX:EMH) has updated the process flowsheet previously developed to enable the production of lithium hydroxide (LiOH.H2O) from the Cinovec project in the Czech Republic. This work has been completed in conjunction with test-work confirming the production of battery grade lithium hydroxide from Cinovec ore.

Haydale Graphene Industries PLC (LON:HAYD) is to work with the National Physics Laboratory (NPL) on ways to improve the functionality of the so-called wonder material. Government agency Innovate UK is the sponsor of the 12-month project under the Analysis for Innovators (A4i) scheme.

Providence Resources PLC (LON:PVR) and Lansdowne Oil & Gas PLC (LON:LOGP) have agreed to an extension request for the completion of a loan from their Chinese partners. APEC Energy Enterprises requested a further extension, to 5 July, for the US$9mln loan which is part of the agreed farm-out deal for the Barryroe project.

Live Company Group PLC (LON:LVCG) is to bring its BRICKLIVE Animal Paradise tour to Japan, following a deal with events promotor Make Merry Company.

Angling Direct PLC’s (LON:ANG) new store in Sutton, Nottinghamshire opened over the weekend. The new ‘destination store’ means the fishing tackle and rods seller now trades from 28 stores up and down the UK.

Video games specialist Keyword Studios PLC (LON:KWS) has snagged Jon Hauck as its new chief financial officer. Hauck is currently the group financial controller at FTSE 100 pest control and hygiene giant Rentokil Initial PLC (LON:RTO) but will move to Keywords in November.

Eurasia Mining plc (LON:EUA) has lodged an application for a new exploration license area, Tipil, with the relevant authorities in Russia. Tipil is adjacent to West Kytlim, where Eurasia has been mining for platinum and palladium for some time.

WideCells Group Plc (LON:WDC) told investors that a financing agreement with the European High Growth Opportunities Securitization Fund expired. The Company said it understands that substantially all bonds held by the fund will or have been converted into shares, and it expects confirmation of this in the coming days.

Following meetings between Vast Resources PLC (LON:VAST), local community leaders in Zimbabwe and the Zimbabwean parastatal Zimbabwe Consolidated Diamond Company, a road map to allow the Company to mine on the Heritage Concession has now been established.

Passenger aircraft leasing group Avation PLC (LON:AVAP) is to use GE’s AirVault Asset Transfer System to store and manage the records of its fleet of planes.

Sativa Group PLC (LON:SATI), the NEX-listed UK's leading quoted medicinal cannabis and wellness cannabidiol (CBD) group, has appointed Cenkos Securities as its corporate adviser and broker with immediate effect.  Geremy Thomas, Sativa’s founder and chief executive officer of Sativa commented: "Cenkos' appointment is in line with Sativa's progression from, in only 15 months, being the UK's first listed medicinal cannabis investment vehicle to its transition to a fully operational seed-to-consumer trading business.”

Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA), the rare earths development company, has announced the exercise of warrants over 17,226,210 common shares without par value in the share capital of the company at an exercise price of 6.6p each, for an aggregate consideration of £1,136,930. The group said this includes 3,333,333 warrants exercised by its chairman, Derek Linfield, following which he will hold a beneficial interest in 5,139,561 shares, representing approximately 3.9% of the company's issued share capital.

Kibo Energy PLC (LON:KIBO), the multi-asset, Africa focused, energy company announced the issue of 10,518,741 ordinary shares in the company at 1.35p a share in payment of various service invoices to certain providers of professional and technical consulting services totalling £142,003.01.

Impax Environmental Markets PLC (LON:IEM) said it today sold 225,000 ordinary shares from treasury at a price of 301.6p per share, representing a premium to the prevailing net asset value.


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