Digital TV services specialist Mirada Plc (LON:MIRA) has won its second new contract in as many months for its Iris multiscreen solution. The five year deal is with Bolivian pay TV operator and broadband services provider Digital TV Cable Edmund SRL.
Vast Resources PLC (LON:VAST) told investors that recent successes in Romania has led to possible options for non-dilutionary financing. The company said it has been presented with a number of potential non-dilutionary financing options and it is now in talks with metal traders and debt providers.
InnovaDerma PLC (LON:IPD), maker of the hugely successful Skinny Tan bronzer and sculpting range, has unveiled plans to raise £4.4mln to accelerate its expansion. It is doing so by selling 1.6mln new shares to existing investors at 276p each, which represents a 14% discount to last night’s closing price.
Motif Bio Plc (LON:MTFB) said new pre-clinical data point to potential efficacy of leads drug to treat cystic fibrosis sufferers who have contracted staphylococcus aureus pneumonia. The update, provided at a conference called IDWeek 2017, follows on from the successful phase III clinical trial of the drug people with acute bacterial skin and skin structure infections (ABSSSI).
Thor Mining PLC (LON:THR) has announced drilling success at the Pilot Mountain tungsten project in Nevada. The explorer revealed that holes have unearthed tungsten mineralisation in the Desert Scheelite and Good Hope areas. Mick Billing, Thor executive chairman, described the results as exciting.
W Resources PLC (LON:WRES) said it has completed an additional placing of around 26.66mln ordinary shares at 0.375p each to raise £100,000 - the same terms as the placing announced yesterday – with Symmall Pty Limited, trustee of the Masterman Superannuation Fund of which the group’s executive chairman Michael Masterman is both a beneficiary and trustee. Following the placing, Masterman (and related parties) will have an interest of 20.96% in the total voting rights of the company.
Peter Bird, chief executive officer of Asiamet Resources Ltd (LON:ARS) said in a statement today that there has been a significant ramp up of activity relating to the engineering and design aspects of the Bankable Feasibility Study for its Beruang Kanan Main copper project. Bird commented: “We are really pleased with the positive results generated from the early phase engineering and design studies, coupled with the excellent results from our exploration and metallurgical test-work programs. Work to date reaffirms the potential for developing a high-quality copper mine at BKM.”