Active Energy Group PLC (LON:AEG) is to build eight manufacturing plants across Asia in a landmark agreement for its CoalSwitch product. California-based renewable energy group Lumino Capital will partner Advanced Biomass Solutions (ABS), AEG’s biomass affiliate, on the project and source the biomass feedstock as well as providing finance.
88 Energy Ltd (LON:88E, ASX:88E) has shut-in the Icewine-2 well for the winter, anticipating a new programme starting in April or May 2018. The company, in a statement, noted that the well had continued to flow at similar level to those reported in its most recent update – around two thousand cubic feet of gas per day – though it said some ‘encouraging trends’ were observed.
The orphan disease specialist Amryt Pharma PLC (LON:AMYT) said it is raising €15mln in an oversubscribed share placing – cash that will be used to fund the pre-launch costs of a drug for a rare skin condition. Stock is being issued at 20p, just over a 20% discount to last night’s close, with management taking part in the offering.
ImmuPharma PLC (LON:IMM) said 52 patients have now completed the year-long course of treatment with its lead drug candidate, Lupuzor, for the life-threatening auto-immune disease. They are among 200 sufferers taking part in the phase III study.
Collagen Solutions PLC (LON:COS) is putting together the results of a retrospective, eight-year study of its ‘scaffold’ product that helps fix cartilage defects in the knee. The 15 patients whose results are being analysed took part in a 2009/10 trial. The original magnetic resonance imaging (MRI) results have been assessed and “full clinical and quantitative MRI data analysis ongoing”, Collagen said.
In the company's interim results, Hurricane Energy PLC (LON:HUR) boss Dr Robert Trice described the group’s recent US$547mln funding as a “significant endorsement” as he highlighted another successful period for the West of Shetland oil firm.
Plexus Holdings PLC (LON:POS) shares advanced on Thursday after it told investors that Rosneft has been signed up as a new customer. A new contract see Plexus supply its POS-GRIP High Pressure/High Temperature (HP/HT) adjustable rental exploration wellhead equipment for the Russian group’s Vietnam subsidiary for an exploration well offshore Vietnam.
Chaarat Gold Holdings Ltd (LON:CGH) told investors it has secured full local permitting in the Kyrgyz Republic for the Tulkubash project. The company, in a statement, said that the licence agreement has been signed by the government confirming approval for the plan to take stage one and two of the Chaarat project into production.
IronRidge Resources Ltd (LON:IRR) nudged higher after reporting it had found multiple high-grade intersections at the Dorothe gold project in Chad.
South America-focused gold producer Orosur Mining Inc (LON:OMI, TSE:OMI) said it is on track to meet its fiscal full-year (FY18) production guidance.
Increased sales of copper concentrate partially offset reduced sales of gold bullion in the first half of 2017 at Anglo Asian Mining (LON:AAZ).
Bakery products group Real Good Food PLC (LON:RGD) has agreed a £4mln short-term loan with three key shareholders to tide it over in the run-up to Christmas. NB Ingredients, Omnicane International and fund manager Downing have provided the loan to relieve pressure on cash availability as the autumn stock-build increases and to cover its ongoing capital investment programme.
BB Healthcare Trust PLC (LON:BBH) announced that it has successfully raised gross proceeds of £64.mln from its recent placing, offer for subscription and intermediaries offer of around 57.224mln ordinary shares at a price of 112.1p each . It said the net proceeds of the issue are expected to be approximately £63.2mln.
Capital Networks has released a research report on procurement software firm Proactis Holdings Plc (LON:PHD, which announced the acquisition of Perfect Commerce in July, Analyst Ed Stacey said he believes the group’s valuation could come into sharper focus as the market begins to understand the full scope of the combined Proactis/Perfect business.