Drug development company Ergomed Plc (LON:ERGO) has signed its first commercialisation deal for its haemostat products PeproStat and ReadyFlow. The deal is with Boryung Pharm, one of the largest pharmaceutical companies in South Korea.
Specialist bank PCF Group Plc (LON:PCF) said results for the current financial year should be ahead of market expectations.
Synairgen plc (LON:SNG) will develop its inhaled interferon beta drug SNG001 as a potential treatment for COPD after a review of data indicated it can boost the lungs’ antiviral capabilities. A short trial is being planned this winter to test the COPD potential.
Canadian Overseas Petroleum Limited (LON:COPL, CVE:XOP) told investors it is making “encouraging progress” towards a funding deal for its oil field appraisal and development project offshore Nigeria. The AIM-quoted oiler said it is confident that it will drill an appraisal well in late 2017 or early 2018 as targeted.
Greka Drilling Limited (LON:GDL) has revealed what it described as a “well-balanced” trading performance in its half yearly results. The drill contractor reported a 38% increase in first half revenue, up to US$3.6mln in the six months to 30 June, from US$2.6mln in the same period of last year, as it completed twelve wells in the half versus ten in the comparative period.
Landore Resources Ltd (LON:LND) struck a confident tone in its half yearly results statement as it looked to further exploration potential around its BAM East gold project, in eastern Canada. The explorer highlighted the rapid delineation of BAM East in the twelve month period following the discovery and its highly successful summer drilling programme, saying that the findings bode well for the possibility of finding and delineating similar open pit gold deposits.
Mosman Oil And Gas Limited (LON:MSMN) chairman John Barr has told investors that the junior oil company continues to make progress expanding its three US producing operations in North America. The company said the strategic objective continues to focus on identifying opportunities that provide operating cash flow and further development upside, as well as adding value on existing assets.
Stratex International plc (LON:STI) announced that it has received notification from privately-owned investment company Peter Gyllenhammar AB, confirming that it has a stake of over 3% in the firm, which is currently engaged in a battle with some shareholders over its reverse takeover plans.
Oracle Power PLC (LON:ORCP) said it has agreed in principle a Memorandum of Understanding with two Chinese State-owned enterprises for the full development and funding of its flagship Thar project in the south-eastern Sindh Province of Pakistan.
Kibo Mining PLC (LON:KIBO) said today it has issued £1.55mln in convertible loan notes to a new, unnamed high net worth investor, directors and management of the company, and Sanderson Capital Partners Limited. The Tanzania focused mineral exploration and development company said the subscription raises £500,000 of new capital, and also satisfies £260,000 of awards in lieu of the company's Management Incentive Scheme. It is also in settlement of new terms agreed covering £790,000 of the discounted debt sale facility currently in place between Sanderson and the company.
Tanzania-focused gold mine developer Katoro Gold PLC (LON:KAT) remains well ahead of schedule in its development of the Imweru project.
FairFX Group Plc (LON:FFX) opened sharply higher after the firm announced a maiden half-year profit.
PowerHouse Energy PLC (LON:PHE), a specialist in turning waste into synthesis gas, has told investors it accomplished a “tremendous amount” in the first half of the year.
Vehicle tracking technology firm Quartix Holdings plc (LON:QTX) is to bring in Daniel Mendis as its chief financial officer to replace the outgoing David Bridge Mendis, who has been head of finance at Associated British Foods plc’s (LON:ABF) AB Agri division for almost four years, will join on 1 January 2018.
The boss of KEFI Minerals plc (LON:KEFI) has hailed the “transformational” first half of the year as the gold explorer moves towards the development of its Tulu Kapi gold project in Ethiopia.
ImmuPharma PLC (LON:IMM) said the six months ended June has been a period of immense progress for the company and its lead drug Lupuzor, for the aut-immune disease lupus. Lupuzor is currently undergoing a phase III clinical trial 200 in patients in the US, Europe and Mauritius – with 26% of the group having completed the 12 month course of treatment and everybody having passed the six-month milestone.
InnovaDerma PLC (LON:IDP) has announced a series of commercial deals for its Skinny Tan products, including one targeting the premium health and beauty segment. Upmarket department stores chain Fenwick will take the bronzing and sculpting range in selected outlets.
Hummingbird Resources PLC’s (LON:HUM) interim results chart a busy and productive period for the mine developer ahead of its maiden gold pour at the end of this year. The Yanfolila project in Mali is currently under construction. It is fully funded to production and is on schedule and on budget, the firm said.
Harvest Minerals Limited (LON:HMI) has applied to have its KPfértil fertiliser registered as a remineraliser with the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA). The application is expected to be approved by the end of the year with sales of KPfértil to grow rapidly following certification and in time for the next buying season, said Harvest.
Chaarat Gold Holdings Ltd (LON:CGH) wants to speed up the timeline at its Tulkubash mine in the Kyrgyz Republic following an improvement in the backdrop for miners in the country.