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Proactive news snapshot: Acal, Amryt Pharma, Stratex International, Strategic Minerals...

Some of today's headlines on the Proactive newswire

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A look at today's Proactive news

The new financial year has got off to a strong start at Acal Plc (LON:ACL), the supplier of customised electronics to industry, with revenue up 14% year-on-year on a constant exchange rates basis in the three months to the end of June. 

A newly published long-term study of the Amryt Pharma PLC (LON:AMYT) drug Lojuxta has further confirmed its efficacy in lowering high cholesterol levels resulting from a rare genetic disorder. The assessment of Lojuxta, also known as lomitapide, followed the progress of patients with Homozygous Familial Hypercholesterolaemia (HoFH). 

The acquisition of Crusader Resources by Stratex International plc (LON:STI) continues, as Stratex has agreed to reschedule a previously existing convertible loan owed by Crusader to a director, and to take on share-based payments agreed in relation to the acquisition of a gold asset. 

Strategic Minerals Plc (LON:SML) has been given permission by local authorities in Western Australia to undertake a 2,000 metre drill programme at its Hanns Camp project. Hanns Camp is prospective for cobalt and for both nickel laterite and nickel sulphide mineralisation. 

Challenger Acquisitions Limited (LON:CHAL) has played down reports that the New York Wheel project could be abandoned after a key contractor was fired last week. Reports from New York said the project is set for major delays after Mammoet-Starneth, the design/build contractor, downed tools in May claiming developer NY Wheel hadn’t paid it. 

Dekeloil Public Ltd (LON:DKL) has formally kicked off Guitry, its second palm oil project, in Côte d'Ivoire. Guitry will, like the group’s flagship Ayenouan project, be developed as a vertically integrated palm oil operation including nursery, company-owned estates and a mill producing crude palm oil.

Atlantis Resources Ltd (LON:ATL) has told investors that it has now closed its £5mln ‘green’ bond, with full subscription. The tidal power firm said that together with its recent £4.1mln share placing the company intends to use the new capital to grow the business, repay its more expensive debt and for working capital purposes. 

Greatland Gold plc (LON:GGP) said today it expects to complete the acquisition of the Havieron gold project in Western Australia from Pacific Trends Resources Pty Ltd by mid-August.

Ahead of the completion of the deal, Pacific Trends has been granted the exploration licence 45/4701 for the project.

Among the Horse Hill partners Solo Oil PLC (LON:SOLO) is something of an ‘odd man out’ as the stock has not seen a re-rating.

Solo, which also has assets in Tanzania, holds a 6.5% interest in Horse Hill which was the breakthrough in the emerging Kimmeridge oil play in the UK onshore Weald basin.

Eckoh PLC (LON:ECK) has issued 390,000 new ordinary shares in the capital of the company following an exercise of share options by chief operating officer, Ed Johnson. The options being exercised were granted under the 2012 Eckoh Long Term Incentive Plan and the shares were sold at a price of 46.5p per share.

Engineering firm Hayward Tyler Group PLC (LON:HAYT) said the repayment of £2.4mln short term banking facilities and annualised measurement of the financial covenants, have both been extended from 28 July to 1 September 2017. This is to coincide with the expected completion of the recommended acquisition by Avingtrans plc, as announced on 30 June 2017.

Collagen Solutions PLC (LON: COS) was notified today that its chairman, David Evans, has purchased 900,000 ordinary shares in the company at 5.1p per ordinary share. Evans now holds 12.15% of the issued ordinary share capital.

Cadence Minerals Plc (LON:KDNC) shares rose on the latest update from Macarthur Minerals’ Reynolds Springs lithium project in Nevada. AIM-quoted Cadence has a 20.2% stake in Macarthur, which today announced the results of a geochemical soil sampling program at the project which confirmed that there is a lot of lithium underfoot.

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