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The Markets
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The Markets
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Proactive news snapshot: Papua Mining, Midatech Pharma, Sound Energy …

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

Papua Mining PLC (LON:PML) has said that geophysics survey at the Marengo gold/copper project has defined quasi linear IP and resistivity anomalies at One Mile Mountain, which may be related to high gold zones sitting on the edge of deeper porphyry system.

Midatech Pharma Plc (LON:MTPH, NASDAQ:MTP) said patient enrolment has begun for a clinical trial that could expand the market for its cancer treatment. Gelclair is already prescribed for an after effect of radiation and chemo therapies called oral mucositis, a painful and debilitating inflammation and ulceration of the surface of the mouth.

Sound Energy PLC (LON:SOU) told investors it has applied for a development concession for the Tendrara gas discovery. It marks another step towards taking Tendrara into production, following on from the week’s earlier news that it reached an agreement with a key contractor for front end engineering design to develop gas infrastructure.

Strategic Minerals Plc (LON:SML) (USOTC:SMCDY) has agreed amended the contract with the major client of its Southern Minerals Group (SMG) subsidiary at the Cobre magnetite stockpile in New Mexico, USA. It added that the client is to pay SMG, quarterly in advance, a non-refundable prepayment of US$375,000 against future deliveries, with payments due in June, September and December 2018.

Thor Mining PLC (LON:THR, ASX:THR) said the proposed sale of its interest in USA Lithium to Hawkstone Mining Limited (ASX:HWK) has been delayed. The meeting of Hawkstone shareholders to approve the acquisition has been deferred and is now scheduled for 28 June 2018.

Airport and energy group Stobart Group Limited (LON:STOB) has rescheduled its Annual Meeting for 6 July. Former chief executive Andrew Tinkler has already indicated he will vote against the re-election of chairman Ian Ferguson and has put forward well-known retail entrepreneur Philip Day as his replacement.

HemoGenyx Pharmaceuticals PLC (LON:HEMO), the biotechnology company developing novel therapies to transform bone marrow, or blood stem cell, transplantation for the treatment of blood diseases, is to hold a presentation for investors on Tuesday 26th June 2018. The group said the briefing by Dr. Vladislav Sandler, CEO of Hemogenyx, will take place at Copper Bar, Balls Brothers, 6 Adams Court, Old Broad Street, EC2N 1DX from 4.30pm for a 4.45pm start and will be followed by drinks and networking.

Tlou Energy Limited (LON:TLOU), the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane projects, has today issued letters to eligible and ineligible shareholders regarding the non-renounceable entitlement offer announced on 6 June 2018.

Thor Mining PLC (LONLTHR) today announced on the Australian Securities Exchange the closure, on Friday 1 June 2018, of the CHESS Depositary Interest (CDI) Sale Facility for holders of less than a marketable parcel of CDIs in the company. The ASX Listing Rules defines a "Marketable Parcel" as those holdings of CDIs with a market value of A$500 or more.

Cadence Minerals (LON:KDNC) (OTC:KDNCY) reports that Macarthur Minerals Limited (TSX-V:MMS) has completed a heliborne SkyTEM electromagnetic survey programme targeting gold and copper at its Hillside Gold Project in the Pilbara region of Western Australia, to define high priority targets from conductors such as clusters of massive sulphide-hosted base metal deposits at depth. Cadence has a 15.2% equity interest in Macarthur.

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