Leni Gas Cuba Limited (ISDX:CUBA) announced that shareholders had unanimously approved the previously-announced reverse take-over of Knowlton. Shareholders also approved a change of corporate name to LGC Capital Ltd.
The group also announced Wednesday, its 15.8% owned Australian and Cuban oil and gas explorer, MEO Australia Limited provided a significant update in relation to its 2,380 km2 onshore Block 9 Production Sharing Contract in Cuba.
"The first of three identified oil plays on Block 9 has been assessed by MEO to contain 8.183bn barrels of Oil-in-Place with a Prospective (Recoverable) Resource of 395mln barrels (Best Estimate, 100% basis) of potentially high quality light oil,” said the report.
In other news, Shares in Sound Energy PLC (LON:SOU) powered up after its partner on the Tendrara licence in Morocco expressed an interest in helping it build a pipeline.
The stock revved up 1.25p, or 6.2%, to 21.5p as Sound said Oil & Gas Investment Fund (OGIF) was interested in funding, building and running the link between Tendrara and the Gazoduc Maghreb Europe pipeline.
Elswehere, Nanobiotix SA (EPA:NANO) has delivered some very encouraging results from an early study of its lead product, which was used in head and neck cancer patients.
The phase I/II clinical trial of NBTXR3 achieved its main goal in that it was found to be safe and well tolerated.
Over at security specialist Westminster Group PLC (LON:WSG), it issued around 2.37mln shares after Darwin Capital converted £262,500 of loan notes under a previous agreement.
The AIM group inked the deal with Darwin over the notes worth £475,000 to fund development of its pipeline of commercial activities in February this year.
Meanwhile, StratMin Global Resources PLC (LON:STGR) has entered into a conditional sale and purchase agreement with Bass Metals Limited to sell its 93.75% stake in Graphmada Mauritius.
The consideration for the disposal is for up to AUS$15.25mln (£8.8mln) and is payable through a combination of cash, shares in Bass and a net smelter royalty.
Progress at Rare Earth Minerals plc's (LON:REM, OTC:REMMY) Sonora lithium project in Mexico is going well.
The company said negotiations on potential off-take agreements are ongoing alongside work for a definitive feasibility study earmarked for the first quarter of 2017.
Over at Life sciences firm ValiRx Plc (LON:VAL), it has streamlined operations by selling its Finnish subsidiary ValiFinn to Sovicell Science for Life GmbH for €800,000 in cash.
It will however retain the licence to use TRAC technology (transcript analysis with the aid of affinity capture) in its development of therapeutic candidates.
Bacanora Minerals Limited (LON:BCN, CVE:BCN) hailed progress at its Sonora lithium project in Mexico as the company advances towards a definitive feasibility study (DFS).
The firm said the focus on expanding the pilot plant continues alongside metallurgical testing.
And finally, resource investor Metal Tiger PLC (LON:MTR) has received more time to finalise securing an interest in the Boh Yai and Song Toh silver-lead mines in Kanchanaburi province, Thailand.
As reported in April, Metal paid $80,000 (£56,637) in cash plus $50,000 (£35,398) in shares to the mine owners for three months at performing due diligence on the mines and working out a formal joint venture agreement.