88 Energy (LON:88E ASX:88E) has started to process data from its Icewine#2 well in Alaska with production testing remaining on track for the end of June. Wireline logging was completed over the weekend, it said, with the quality of the data described as excellent and complementary to the core and logs retrieved at Icewine#1, the first well on the prospect.
Brady Plc (LON:BRY) has made sound progress in the first four months of the year and trading is in line with expectations, it told shareholders at its AGM.
The commodities software group added the value enablement team has won contracts with the China Construction Bank Investment and WSFO Limited in Ireland. Both contracts have been signed on an annual recurring license model.
Sula Iron & Gold PLC (LON:SULA) has completed the balance of payments to Equity Drilling Limited via the issue of 52.4mln shares at 0.43p. The dilution of just 2% has been minimised as a result of the shares strong performance, indeed, the shares have risen 95% since the contract was agreed said broker VSA.
PowerHouse Energy Group PLC (LON:PHE) has announced the resignation of Clive Carver as non-executive director with immediate effect.
Metminco Ltd ( LON:MNC ASX:MNC) has confirmed the receipt of A$0.75mln from Redfield Asset Management and executed a binding term sheet with its 19.9% shareholder Lanstead to provide an additional A$200,000 through a non-redeemable convertible note facility.
The money will be used for a feasibility study at Miraflores Colombia. "The fundamentals of the Miraflores Gold Project are highly attractive and the company expects the Feasibility Study to demonstrate this. The focus of the Company is to deliver the Feasibility Study to the market and transition to the development stage.
Investment trust RM Secured Direct Lending Plc (LON:RMDL) has received commitments from investors subscribing for a total of £7.1mln via a placing at 101.25 pence each.
Providence Resources PLC (LON:PVR) and its partners have received confirmation of the Dunquin exploration licence 3/04 until 2025 subject to planned work being carried out. The licence lies in 1,500m water in the southern Porcupine Basin around 170 km off the south west coast of Ireland.
Midatech Pharma Plc (LON:MTPH NASDAQ:MTP) has selected its preferred compound candidate for testing as a potential therapy for glioblastoma (GBM), a rare form of brain cancer. “The compound is under final evaluation with some key pre-clinical studies to confirm efficacy before being progressed into IND enabling trials and thereafter full development studies. Additional candidates are also being evaluated in parallel.”
Clinigen Group PLC (LON:CLIN) has received a significant boost with the European authorities giving the green light for the use of Cardioxane in children undergoing chemotherapy. The AIM-listed group acquired the drug in 2013, and had been working hard in both Europe and the US since then to support a change in the labelling of the anti-toxicity treatment.
Active Energy Group PLC (LON:AEG) has signed an in-principle deal for a Crown timber licence and forest management with the Province of Newfoundland and Labrador in Canada relating to two Forest Management Districts covering 1.2mln hectares. Shares rise 37% to 3.08p.
IXICO Plc (LON:IXI), the digital tech company focused on neuroscience, said it is on track to deliver double-digit growth for the year. “Profitability is an important target that we believe is within our reach without sacrificing appropriate investments in innovation, enhancing infrastructure and commercial capabilities,” it said in a statement published alongside its interim results.
Corero Network Security PLC (LON:CNS) said its SmartWall service is now up and running at tier one internet service provider GTT Communications Inc (NYSE:GTT).
Asiamet Resources Limited (LON:ARS) said the results to date from the metallurgical test work being carried out on ore from its BKM deposit copper in Indonesia had been “very positive”. Remember, this work, which is only part-way complete, is key to whether the company uses a cheap and straightforward recovery mechanism called solvent extraction and electro-winning.
Hummingbird Resources PLC (LON:HUM) has said pre-production mining at its Yanfolila gold project in Mali is on schedule to commence in the third-quarter of 2017 following delivery of a Ball mill from Europe, with the contract mining fleet also arriving on site.
Horizon Discovery Group PLC (LON:HZD) has gained exclusive worldwide rights to use a novel transposon-based technology platform that will broaden its gene editing capabilities.
Avacta Group Plc (LON:AVCT) said two unnamed but “leading” US biotech companies have separately taken exclusive rights to Affimer reagents for research and development use to support their respective drug development programmes. This followed technical evaluations of the technology. Commercial terms were not disclosed.
Condor Gold PLC (LON:CNR) has unveiled “excellent” drill results from an initial 2,000m drill programme on the Mestiza Vein Set at its La India Project in Nicaragua. In a statement, the AIM-listed firm said the initial seven drill holes have focused on the Tatiana Vein and results to date have been excellent and broadly validated the Soviet era drilling.
Portfolio analytics software developer StatPro Group PLC (LON:SOG) is to tell shareholders at today’s annual general meeting that news sales have progressed well this year.
Sunrise Resources Plc (LON:SRES) said it will look to unlock the value inherent in its other project interests through joint venture, sale or other arrangements, and apply the funds to progress its pozzolan and perlite strategy.