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Proactive news snapshot: ValiRx, Stratex International, ANGLE …

Published: 15:46 19 Apr 2018 BST

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ValiRx Plc (LON:VAL) said its optimised VAL101 compound has been effective in inducing programmed cell death in cancer cell models, a process called apoptosis. The company said the results showed a “superior apoptotic effect in comparison to currently available reagents”.

A second drill programme at its jointly held Pandora prospect in Djibouti hit a bumper gold vein in a previously untested area, said Stratex International plc (LON:STI). Pandora is being explored by Thani Stratex Resources (TSR), a joint venture with Thani Emirates.

Researchers using ANGLE PLC’s (LON:AGL) Parsortix device for capturing circulating tumour cells may have found another “clear high value application” for the system. For not only have they discovered a method of successfully culturing the cancer cells from blood samples taken using Partsortix, they have also designed a work flow for the process.

Eco Atlantic Oil & Gas Ltd (LON:ECO) has updated investors as work continues on recently acquired data from a 3D seismic exploration programme, which spanned some 2,550 square kilometres in the Orinduik block offshore Guyana.

Highlands Natural Resources Plc (LON:HNR) told investors it has secured a natural gas sales deal for the East Denver project which is expected to see gas monetisation in the second half of this year. It presents a further revenue opportunity and adds further upside potential for the asset, the company said.

Cabot Energy PLC (LON:CAB) has reported a 33% increase in revenue for the financial year ended December 31 as the group’s growth initiatives in Canada paid off. The AIM-quoted junior oiler generated US$4.8mln in the year as gross average production rose 43% to 411 barrels of oil per day for the twelve months – such was the pace of growth, the gross rate for December alone measured 653 bopd.

Customised electronics supplier discoverIE Group PLC (LON:DSCV) has continued the strong momentum of last year into 2018.

Challenger Acquisitions Limited (LON:CHAL) has said it will begin legal proceedings to recoup loan costs following the cancellation of the Star Sanctum event.

Cell-based therapeutics specialist ReNeuron Group Plc (LON:RENE) has won a £1.5mln grant to further develop its human retinal progenitor cell (hRPC) therapy which is used to treat blindness-causing, degenerative eye diseases.

Drug developer Motif Bio Plc (LON:MTFB) is to present new safety and efficacy data for its next-generation antibiotic iclaprim at a top European conference this weekend (21-24 April).

Summit Therapeutics PLC (NASDAQ:SMMT, LON:SUMM) said ezutromid dosing in patients with Duchenne muscular dystrophy (DMD) for the full 48-week PhaseOut DMD clinical trial has been completed. Top-line results from the full trial continue to be expected in the third quarter of 2018.

Shanta Gold PLC (LON:SHG) reduced production from the New Luika gold mine in Tanzania in its latest quarter as its focus remained on cost-cutting. Output in the three months to March was 17,663 gold ounces against 21,288 in the previous quarter, though this was in line with the annual target of between 82-88.000oz said the company.

Thor Mining PLC (LON:THR) is to proceed with the previously announced acquisition of more acreage in the Bonya Creek area in Australia's Northern Territory.

Sunrise Resources Plc (LON:SRES) said recent exploration work at its Baker's Gold Project in Western Australia had enhanced the marketability of the asset. The company paid for mapping and sampling within the Dicky Lee open pit at the up-for-sale Baker's Gold Project and to conduct infill soil sampling within the nearby DRL4 gold-in-soil anomaly.

Rose Petroleum PLC (LON:ROSE) told investors that activity continues apace on the ground in Utah’s Paradox basin, and it is expecting to drill the first well in the project later this year. It comes after Rose increased its footprint in the Paradox basin, and as it continues to earn into a 75% stake in an 80,000 acre area. The company highlighted that it has assembled a highly experienced operational team with a successful track record in the region.

US Oil & Gas PLC (USOIL) has confirmed the start of drilling at the Hot Creek Valley project in Nevada, where the new Eblana well aims to follow up a previously encountered oil discovery. The Eblana-3 well is described as an appraisal well. It is positioned ‘updip’ and around 1.2 kilometres from the Eblana-1 discovery well.

Bloomsbury Publishing PLC (LON:BMY) has announced the appointment of Penny Scott-Bayfield as its group finance director with effect from 16 July 2018.

OptiBiotix Health plc (LON:OPTI) has announced the appointment of Steven Riley as head of online sales and marketing from 2 May, to develop the company’s web presence.

Emerging markets (EM) investor APQ Global Limited (LON:APQ) gradually decreased its exposure to equities and credit in the first quarter. At the end of the first quarter of 2018, the bulk of the company’s overall exposure was in credit and government bonds (65.6% of book value), followed by equity exposure (28.0%). EM local currency bond exposure accounted for 22.5% of book value.

Bushveld Minerals Limited (LON:BMN), the AIM-listed integrated vanadium producer, will host a Vanadium 101 interactive webinar on Thursday, May 3, 2018 at 13:00 (GMT+1), 14:00 (SAST).

Active Energy PLC (LON:AEG), the London quoted international biomass-based renewable energy and forestry management business, announced that an updated corporate presentation that they shall be presenting at the EarthX event, Texas,  is now available to view on the company's website.

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