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The Markets
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The Markets
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Proactive news round-up: EG Solutions, Sound Energy, Condor Gold ...

A glance at some of the stories on the Proactive newswire today

Back office workforce optimisation software pioneer eg solutions PLC (LON:EGS) has continued the strong trading of the second half of 2016 into 2017.

Sound Energy PLC (LON:SOU) is preparing to assess the untapped potential of two wells at Sidi Moktar – its second licence in Morocco. Work on the previously-drilled Koba-1 and Kamar-1 is expected to kick-off by the end of the month.

Condor Gold PLC (LON:CNR) director Jim Mellon has bought a further 100,000 shares at prices of 59p and 60p taking his stake to about 3.2mln shares or 5.08% of the Nicaraguan explorer.

Base Resources Limited (LON:BSE) is to ramp up production at its Kwale mineral sands project in Kenya to offset declining grades. The plan will save US$60mln in fixed costs and also reduce average operating costs, the miner said.

IronRidge Resources Limited (AIM:IRR) has reported some stellar lithium grades from “first-pass” exploration of its Cape Coast Project in Ghana. Trenching work uncovered 100 metres grading 1.57% lithium oxide (Li2O), including 40 metres at 1.93% Li2O, and 15 metres at 2.18% Li2O. Whole-rock bulk surface rock-chip sampling results returned grades above 2.4% Li2O.

Security systems firm Newmark Security PLC (LON:NWT) is eyeing an increase in recurring revenue through a partnership with US-based UniKey Technologies. The two companies have agreed to collaborate on the development of the US company’s access control technology and the creation of new products using the technology.

Companies-backer Amphion Innovations Plc (LON:AMP) is to draw down an additional US$1.5mln from its loan facility, bringing the total amount drawn down up to US$6.15mln.

Office productivity software developer BOS GLOBAL HOLDINGS (LON:BOS) has completed its acquisition of a 40% equity interest in Call Design Pty for £280,000 plus 5mln BOS shares.

Greatland Gold plc (LON:GGP) said its drilling campaign at its Bromus project in southern Western Australia has extended the strike. The company drilled two holes, testing downhole electromagnetic (EM) targets, and intersected silver, zinc and other elements consistent with volcanogenic massive sulphide (VMS) style systems.

Virtual queuing and ticketing group accesso Technology Group PLC (LON:ACSO) has landed a significant new contract in Mexico for its accesso Siriusware product. The contract is with Experiencias Xcaret, which has a network of seven popular experiences, parks, and attractions in Mexico.

Cadence Minerals PLC’s (LON:KDNC) associate Macarthur Minerals has reported good shows of lithium from a sampling programme at its Stonewall project in Lida Valley, Nevada. All 380 samples contained lithium with sediment assays ranging from 14.6 parts per million (ppm) lithium and up to 187 ppm Li, with 19 samples over 100 ppm.

Summit Therapeutics PLC (LON:SUMM, NASDAQ:SMMT) has announced three senior appointments to strengthen its research and development (R&D) team. The company, which is advancing therapies for Duchenne muscular dystrophy (DMD) and Clostridium difficile infection (CDI), said Dr David Roblin will expand his role to become chief medical officer, and will assume full operational leadership for Summit’s R&D efforts.

Mosman Oil And Gas Limited (LON:MSMN) is to acquire a 10% interest in the Arkoma Stacked Pay Project in Okfuskee County, Oklahoma for US$500,000. The vendor is Inland Oil & Gas Corporation, which estimates the gross reserves and resources of the area to be 8.48 Mmboe based on 3D seismic.

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