Futura Medical PLC (LON:FUM) has announced that Church & Dwight Co Inc, has given formal notice that it intends to terminate its licensing agreement for the UK firm’s CSD500 erectogenic condom and is to return all commercialisation rights.
Elsewhere, Digital wellness provider Kin Group Plc (LON:KIN) has brought in administrators to help it find a buyer after it failed to secure additional funding.
The AIM-quoted company had requested the suspension of its shares last month after its key lender, Belastock Capital, said it will not proceed with the release of three further tranches.
Concepta PLC (LON:CPT) told investors that it has now made its first shipment of its myLotus fertility products into China.
The company, in a stock market statement, said that the first part of a £225,000 order (announced in mid-June) has now been shipped and it expects to make further shipments to fulfil the order over the coming weeks.
In other news, Highlands Natural Resources Plc (LON:HNR) has struck a new third party funding deal to support its new drilling at the East Denver project in the Niobara shale, Colorado.
A number of the precise details were not disclosed, nonetheless HNR told investors that the new arrangement was with a “leading oilfield services company, with global operations and listed on the New York Stock Exchange”.
Anglo Pacific Group plc (LON:APF) said it made a “very strong” start to the year after free cash flow and royalty income surged in the first half.
The mining royalty business reported a 300% jump in free cash flow to £18.9mln in the six months ended 30 June, compared to the same period a year earlier, including an impact of the Denison financing arrangement of £3.3bn.
Savannah Resources Plc (LON:SAV) said phase one of the pre-feasibility study (PFS) of the Mutamba Mineral Sands Project in Mozambique is now underway. The company has appointed mineral sands expert TZMI to carry out the work, which will include a gap analysis, options review, project planning and budget finalisation for stage-two.
Elsewhere, Premier African Minerals Limited (LON:PREM) has increased its holding in a company developing an Ethiopian potash project worth US$2.8bn.
Premier’s deal may on the face of it look modest – it is has acquired a 1% stake in Circum Minerals for US$1.36mln. But it says it now has a “meaningful” 5.2% interest in the company.
Horizon Discovery Group PLC (LON:HZD) said that its recent placing raised gross proceeds of £80mln for the company and, following this, it expects completion of the acquisition of GE Healthcare Dharmacon, Inc. to occur on 31 August 2017.
Greatland Gold plc (LON:GGP) has said its chief executive Gervaise Heddle has again increased his holding in the company, acquiring a further 500,000 ordinary shares today at a price of 0.55p each.
Following the acquisition, Heddle is now beneficially interested in 4,250,000 ordinary shares in Greatland Gold, representing 0.21% of the issued share capital.
Yesterday Greatland said Heddle had acquired a further 750,000 ordinary shares at a price of 0.545p each.
And finally, Ed Stacey, support services analyst at Capital Network, talks investors through the latest developments at Empresaria Group (LON:EMR) in a video today.