The first in-human data for Midatech Pharma Plc’s (LON:MTPH) MTD201 drug has suggested it is better than a rival product made by Swiss pharma giant Novartis.
Metal Tiger PLC (LON:MTR) has closed its oversubscribed Sprott Offering and has raised £2.6mln to help fund its joint venture project in Botswana. The AIM-listed natural resources investment group said the funds would be added to those raised by a placing earlier in August, of around 93.4mln new shares issued at a price of 2.8p each, to give a total of around £6.2mln in combination.
ExxonMobil Corporation has made its ninth new discovery in the Stabroek block, offshore Guyana, with the Hammerhead-1 well - which provides yet more encouragement to Eco (Atlantic) Oil & Gas Ltd (LON:ECO) (CVE:EOG). Hammerhead is located just seven kilometres from the boundary to the Orinduik licence, where Eco has a 40% stake, is partnered with Tullow Oil and is set to farm-out to Total.
Echo Energy Plc (LON:ECHO) has revealed a deal that’s sees the explorer potentially take up a new project, located onshore Bolivia. It has signed a letter of intent (LOI) for a one year technical evaluation of the Rio Salado licence area.
Sound Energy PLC (LON:SOU) has announced the signing of a new 8 year petroleum agreement which pulls together the Tendrara and Matarka exploration areas. It spans some 14,500 square kilometres surrounding the Tendrara gas discovery. Sound will hold 47.5% of the area, alongside Schlumberger which has 27.5% and the state’s ONHYM vehicle which retains a 25% stake.
PCG Entertainment Plc (LON:PCGE) can now push on after a “frustrating” year for the trading and media distribution company. Since selling off Center Point Development Corporation (CPDC) – a company which has a licence to distribute games and gaming software in Asia – last year, PCGE has been looking around for new businesses to acquire.
Premier African Minerals Limited (LON:PREM) has commenced the diamond drilling programme at the open pit at the RHA tungsten mine.
Security services specialist Westminster Group PLC (LON:WSG) has raised £500,000 through a placing at 10p. Westminster has a US$24mln contract for an airport security system in Iran that is currently on hold due to the US withdrawal from the nuclear pact with the country. The money raised will be used to prepare for the eventual start of that work, said the company
One-off costs and disruptions to Hollywood productions knocked annual numbers at film finance and services specialist FFI Holdings Plc (LON:FFI). Pre-tax profits to March fell 49% to US$5.3mln largely due to the US$9.5mln cost of listing on AIM in June 2017.
RYVL, the trading name of The Marketing Group (NASDAQ OMX:TMG), has reported net revenues and underlying earnings (EBITDA) for the growth for the first half, but has cautioned on a potentially challenging second half for some of its subsidiaries.
Abzena plc (LON:ABZA,), the life sciences group providing services and technologies to enable development and manufacture of biopharmaceutical products, announces the appointment of N+1 Singer as its nominated adviser and sole broker with immediate effect.