Allergy Therapeutics plc (LON:AGY) said the phase I clinical study of Acarovac MPL has received official sign-off in Spain. The trial will assess the safety and how well tolerated the new dust mite treatment is.
Minerals explorer Sunrise Resources Plc (LON:SRES) is exploring new ways to commercialise its diatomite claims in Nevada after receiving notice from EP Minerals LLC that it was terminating its lease of the County Line project.
The major participant in the latest fundraising from KEFI Minerals plc (LON:KEFI) is Lanstead Capital, which is coming in for £4.6mln. Directors, employees, and the contractor Lycopodium will put in a combined additional £400,000, while broker Brandon Hill has raised £600,000 more.
Ariana Resources plc (LON:AAU) has completed the interim tailings storage facility that it will use to store mine waste from its Kiziltepe gold project in Turkey. Kiziltepe is part of the Red Rabbit Joint Venture with Proccea Construction Co. and is 50% owned by Ariana.
DP Poland Plc’s (LON:DPP) second largest shareholder has sold off almost £2mln worth of shares in the pizza chain. Pageant Holdings lowered its stake to 4.51% from 6.86% after it shed 3.2mln DPP shares from its portfolio.
Mariana Resources (LON:MARL) has drilled three of seven proposed holes at Ergama gold-copper project in Balikesir province, western Turkey, and already the signs are that it’s onto something big.
Horizon Discovery Group PLC (LON:HZD) has had its contract to provide gene editing services to one of the world’s top three pharmaceutical giants extended to include in vitro services. The company already provides in vivo (animals/living organism) services but now will add custom cell line engineering, target identification and validation screening, drug combination screening, and cell-based assay services.
Collagen Solutions PLC (LON:COS) is planning to raise up to £12mln issuing equity and debt, which will help accelerate the growth of the business. It is raising the bulk of the new monies from investors via a placing and open offer that could bring in as much as £8mln.
Power firm AFC Energy plc (LON:AFC) has told investors it is to raise £8.1mln to help fund the continued development and commercialisation of its fuel cell technology.
Southern Africa-focused miner Diamondcorp Plc (LON:DCP) has pushed back the deadline for its recent placing, the conditions of which have still yet to be met Discussions with the state-owned Industrial Development of South Africa (IDC) are continuing but the agreement in principle reached last week with the Association of Mining & Construction Union (AMCU) has been thrown into doubt.
“The banks are supportive,” says Peter Hambro, chairman of London-listed gold miner Petropavlovsk PLC (LON:POG). It’s an important statement to make because at one point Petropavlovsk appeared to be carrying an unsustainable debt burden. But no longer. “We’ve now completed the two year reorganisation of the company,” says Hambro. “It has been a truly transformational time.”