ValiRx Plc (LON:VAL) shares surged on Tuesday after the biotech said its VAL401 drug had a “statistically significant” improvement in overall survival for patients with non-small cell lung cancer compared to those receiving no treatment.
W Resources PLC (LON:WRES) has received preliminary approval for a US$30mln term loan with a US special situations fund to fund the La Parrilla tungsten/tin mine in Spain. The fund’s investment committee has agreed the term loan with financial close targeted for late December 2017 or January 2018.
The draft report from the scientific inquiry into fracking in Australia’s Northern Territory is in – and on first reading it looks like good news for Falcon Oil & Gas Ltd (LON:FOG, CVE: FO). Falcon is sitting on a major shale discovery in the Beetaloo basin, within the NT, though its recent progress has been halted by a moratorium on fracking. Big Pic in February.
Hurricane Energy PLC (LON:HUR) has followed up yesterday’s massive resource upgrade with an operations update confirming that it remains on-track for first production from the Lancaster oil field during the first half of 2019.
Life sciences group Abzena plc (LON:ABZA) is starting to realise the benefits of its investment programme, with average bookings in the months since September more than 30% higher than in preceding six months.
Blockchain investor Coinsilium Group Limited (AQSE:COIN) has raised £720,000 of new capital with an oversubscribed share sale. Coinsilium is issuing 8mln new shares at a price of 9p each. Proceeds from the placing will primarily be used to invest in, support and accelerate blockchain technology companies.
Rainbow Rare Earths Limited (LON:RBW) has raised £2.8mln to help fund the ramp-up of operations at its producing Gakara rare earth project in Burundi. The junior miner sold 200,000 shares at 14p apiece – slightly below yesterday’s closing price of 15.25p.
Life sciences group OptiBiotix Health plc (LON:OPTI) has signed a manufacturing and supply agreement with US-based speciality ingredients manufacturer Cereal Ingredients Inc. The deal grants CII a licence to manufacture and supply Opti’s SlimBiome appetite suppressant in its range of cereal and protein-based particulates in the USA.
Allergy vaccine maker Allergy Therapeutics plc (LON:AGY) has teamed up with fellow AIM company Ergomed Plc (LON:ERGO) to progress the clinical development of three of its OralVac immunotherapy products. Under the terms of the co-development collaboration agreement, Ergomed will take the treatments for dust mite, tree pollen and grass pollen allergies through the clinic.
PCG Entertainment Plc (LON:PCGE) continues to examine potential additional deals across geographies and sectors. The , the Asia-Pacific online gaming and media company posted a slightly reduced half-year loss of US$588,332.
NetScientific PLC (LON:NSCI) has announced the issue by the US Patent and Trademark Office of two new patents exclusively licensed to its portfolio company, Wanda. The transatlantic healthcare IP commercialisation group said the patents will significantly extend protection for the core technology used in Wanda's software application for remote health and patient management.
Belvoir Lettings PLC (LON:BLV) said Brook Financial Services has reported £570,000 of net written business in the two months since its acquisition, which is up 57% on October and November 2016. In a statement, Belvoir - the UK's largest property franchise group – said Brook’s net written business is also running at over 40% ahead of the average business achieved in the first seven months of 2017, prior to being acquired by the group.
Sunrise Resources Plc (LON:SRES) has revealed that Canadian firm VR Resources Ltd. (TSX.V:VRR), in which has a stake, has announced the discovery of high grade, polymetallic copper-silver-gold sulphide mineralization at its Junction property in north-central Nevada.
Premier African Minerals Limited's (LON:PREM) chief executive George Roach has described as 'spectacular; results from the latest drill hole at its Zulu lithium deposit in Zimbabwe. Elsewhere, Roach said Premier also does not expect to have provide any more significant finance for the RHA tungsten mine, also in Zimbabwe other than a short-term bridge loan while it waits for shipment payments.
Ferrum Crescent PLC (LON:FCR) is hoping to add silver as an additional metal at its Toral lead and zinc project in Spain. Myles Campion, executive director, said identifying a potential silver credit was very exciting but would require verification to be included under Australian standard JORC guidelines.
Berkeley Energia PLC (LON:BKY) is awarding major contracts and filling key management positions for construction of the Salamanca mine, commencing in the New Year.
Tlou Energy Limited (LON:TLOU) has confirmed that its listing on the Botswana Stock Exchange has been approved, and it has also now issued £2.4mln worth of new shares to investment funds managed by a Botswana based asset manager. Tlou’s equity will be tradable on the BSE from Wednesday onwards.
European Wealth Group Ltd. (LON:EWG) has confirmed that it has put the facilities agreement entered into by the company and Kingswood on 7 November 2017 in connection with the financing of the proposed acquisition of the Newbridge broker dealer platform in the US into a syndicated format. The group said the syndicated format will enable other parties approved by Kingswood to participate in due course as syndicated lenders, including those larger shareholders of the company who have already confirmed an interest in so participating.
Vast Resources PLC (LON:VAST) said its open offer to raise up to £1.23mln, announced on November 24 to facilitate the “continued optimisation and expansion of the Company's Romanian interests” whilst it finalises non-dilutionary off-take financing, was 34.5% oversubscribed.
CentralNic Group PLC (LON:CNIC), the global software platform company supporting subscription web services including domain names, has announced the appointment of Nplus1 Singer Advisory LLP as its joint broker with immediate effect. CentralNic also announced the completion of the acquisition of SK-NIC, the manager of .sk - the exclusive country code top-level domain for Slovakia.
Up 60% in the year to date and 140% over the past 12 months, it would be easy to assume shares in the electronics component business discoverIE Group PLC (LON:DSCV) are up with events. But, according to analysts at Berenberg, there is still plenty left on the table for investors new to the story. Why? Well, the number crunchers at the German investment bank believe the shares, currently changing hands for 363p, are worth 460p.