Proactive news snapshot: LoopUp Group, Gfinity , Collagen Solutions …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

LoopUp Group PLC (LON:LOOP) has commercially launched into the Australian market with the formal opening of an office in Sydney. The AIM-listed remote meeting solution provider said the US$275mln development would augment a datacentre already in the country, which it has operated since 2016 to serve its UK and US customers, with a target focus on Australian-based enterprises.

Gfinity Plc (LON:GFIN) confirmed on Wednesday that it is raising £6.7mln via a placing and subscription of 55.8mln new ordinary shares at a price of 12p each to expand its Gfinity Elite esports series as it also delivered first-half results showing a doubling in revenue.

Collagen Solutions PLC (LON:COS) said it expects to reach “a profitable state more quickly than previously planned” following the restructure of its New Zealand operation. The proposal, which is subject to an employee consultation process, would see the division focus on tissue collection and processing, a segment estimated to be worth US$100mln.

WYG  PLC (LON:WYG) has said it expects its full-year revenue and operating profit to be in line with current market expectations of £155mln and £3.5mln respectively before separately disclosed items and share-based payments that are expected to be approximately £8.5mln.

Westminster Group PLC (LON:WSG) has edged a little closer to sign-off of a US$24mln a year security project in the Middle East. Final completion has been held up by the client’s internal approval process, but Westminster today said that the remaining contractual and commercial issues are now agreed.

Connemara Mining Company PLC (LON:CON) has re-commenced drilling at its 100%-owned Mine River Gold project at Wicklow/Wexford in Ireland, boring 10 drill holes totalling 1,000 metres.

Renewable energy specialist Aggregated Micro Power Holdings plc (AIM:AMPH) looks set book a significant uplift to the value of its investment in an exchange traded products business which is raising capital. AMP holds a 27.89% stake in IncubEx, which plans to offer up to US$5mln Class B-1 units, valuing the business at US$50mln pre-money.

Strategic Minerals Plc (LON:SML) plans to carry out an initial exploration drilling programme at the Mount Weld tenements in Western Australia. The company said a technical review of the tenements, which are held by its wholly-owned subsidiary Central Australian Rare Earths, have identified a number of early targets considered to have good potential for gold and rare earth element mineralisation.

South African gold miner Pan African Resources plc (LON:PAF) is to carry out a feasibility study at Royal Sheba at the Barberton complex to assess its viability. A new estimate suggests Royal Sheba contains a potential 720,000oz of gold or double the previous resource.

Harvest Minerals Limited (LON:HMI) has announced that the application to register its multi-nutrient natural fertiliser, KPfertil has been processed by the Ministry of Agriculture (MAPA) in Brazil.

W Resources PLC (LON:WRES) said its subsidiary, Iberian Resources Spain SL (IRS), has been awarded a €5.3mln grant by the government of the Extremadura region of Spain. The AIM-listed tungsten-focused miner said the grant was for IRS’s La Parrilla tungsten and tin project in the region and equated to 32% of the €16.6mln plant and facilities package that qualified for grant contribution.

Lab testing has indicated potentially higher recoveries of lithium than previously predicted at the Cinovec deposit in the Czech Republic, according to European Metals Holdings Limited (LON:EMH).

A huge increase in the contribution from its Kestrel coal royalty in Australia helped Anglo Pacific Holdings PLC (LON:APF) to record revenues. Total royalty income in 2017 rose by 90% £37.4m, but it was Kestrel, which is being mined by Rio Tinto, that stood out.

Final assays from recent drilling at the BKZ prospect in Central Kalimantan were consistent with the high grades seen previously, said Asiamet Resources Ltd (LON:ARS). Broad intervals of high-grade zinc, lead and silver were present in the upper layers, while the lower zone contained a wide interval of high-grade copper-silver mineralisation.

Thor Mining PLC (LON:THR) is buying a stake in two deposits 30km from its Molyhil project in Australia’s Northern Territory. The tenements comprise outcropping tungsten deposits in the Bonya Creek area, along with a high-grade copper deposit.

Summit Therapeutics PLC (LON:SUMM) (NASDAQ:SMMT) announced that it has been selected for an Emerging Science dual oral and poster presentation at the 2018 American Academy of Neurology Annual Meeting taking place 21-27 April 2018 in Los Angeles. The firm said the late-breaking presentations will feature the interim 24-week data from the PhaseOut DMD clinical trial.

ImmuPharma PLC (LON:IMM), the specialist drug discovery and development company, announced that it has with immediate effect appointed Bryan, Garnier & Co. Limited as its joint corporate broker to act alongside Northland Capital Partners who remain the company's nominated adviser and joint corporate broker.

Maistro PLC (LON:MAIS) announced that Ian Cleverly has been appointed as its chief financial officer and a director of the company from 9 April 2018, subject to the completion of routine regulatory due diligence. The group noted that Cleverly has extensive CFO experience in both large and small businesses including as CFO of Cable and Wireless Jamaica and Hutchinson 3G in Ireland which he joined from inception. He has also worked in senior financial roles in NTL and Procter & Gamble.

NQ Minerals PLC(NEX:NQMI) (OTCQB:NQMLF), an Australia-based exploration and mining company, announced that a holder of its convertible loan notes has exercised their right to convert their loan note (including interest) of £17,920 into 224,000 ordinary shares in the company at a price of 8p each.

Savannah Resources Plc (LON:SAV), the AIM-quoted resource development company, announced that it has approved the settlement of the first deferred consideration tranche in accordance with the terms of the acquisition of the company's portfolio of Portuguese lithium projects in May 2017.

Metminco Limited (LON:MNC) (ASX:MNC) said that, further to its announcement dated 23 March 2018, it has successfully raised a total of approximately A$152,640 (before costs) from sophisticated and professional investors through the issue of 19,080,045 new ordinary shares in a placing. The company said subscribers will also receive one option exercisable at $0.011 on or before 1 June 2020 for every three placement shares subscribed for, subject to shareholder approval at the upcoming Annual General Meeting.

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