Echo Energy Plc (LON:ECHO) has signed up a contractor for a 3D seismic programme across its assets in Argentina, starting with the ‘high impact, frontier scale’ Tapi Aike exploration area. The programme is due to get underway at Tapi Aike in November, to be followed by the Fraccíon C and Fraccíon D areas and it is scheduled to complete in the second quarter of 2019.
Pan African Resources plc (LON:PAF) has announced that Barberton Mines Proprietary Limited has successfully concluded a three-year wage agreement with the National Union of Mineworker and the United Association of South Africa. The AIM-listed firm said the agreement provides for an average annual wage increase of approximately 6.5% and 5.5% for NUM and UASA members, respectively, over the three years.
Chagala Group Limited (Lon:CGLO) has received a cash offer from Realty Invest Holding which values the Kazakhstan-based accommodation firm at US$46mln. The offer was procured by TIPP Investments as part of its settlement deal in June in relation to its ownership of Chagala shares.
Some lupus patients will soon have access to a potentially “ground-breaking” new treatment after Immupharma PLC (LON:IMM) signed an agreement which will see it press ahead with a managed access programme (MAP).
Bushveld Minerals Limited (LON:BMN) shares dropped on Friday as it reported what’s described as “an unprotected industrial action” at the company’s Vametco vanadium mine which has temporarily stopped production. The suspension of operations began on the evening of September 5.
Rebel shareholders have moved to oust Telit Communications Plc (LON:TCM) chief executive, Yosi Fait, and fellow director Simon Duffy. A group of shareholders, led by Davide Serra, who hold more than 5% of the company’s shares have written to the Telit board, demanding that a general meeting is held for investors to vote on the pair’s fate.
Galantas Gold Corp (LON:GAL CVE:GAL) has revealed plans for a private placement to raise funds for the development of its Omagh gold mine in Northern Ireland.
Ethernity Networks Ltd’s (LON:ENET) chief executive David Levi has said the firm is continuing its transition toward becoming a solutions provider for virtual networking and security appliances following a contraction in earnings for the first half.
Argo Blockchain PLC (LON:ARB) is confident over the future of Bitcoin and other cryptocurrencies even though prices have slumped recently. Jonathan Bixby, Argo's executive chairman, said demand for crypto mining services will grow as the sector becomes more widely accepted.
Kavango Resources Plc (LON:KAV) has received permission to carry out an airborne electromagnetic geophysical survey over its KSZ Project in southwest Botswana. Flying is expected to commence shortly said Michael Foster, chief executive.
Tekcapital PLC (LON:TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, announced that Novum Securities has been appointed as joint broker to the company with immediate effect.
Live Company Group Plc (LON:LVCG) shares advanced as it detailed a new agreement in China in relation to a newly created exhibition, Bricklive Animal Paradise, which is due to tour twenty cities over the next three years. The company, in partnership with The Prince Albert II of Monaco Foundation and its partner in China, aims to educate children in China about the need to protect and preserve the environment, endangered species and biodiversity.
Circassia Pharmaceuticals PLC (LON:CIR) said it has appointed Peel Hunt as joint broker to the company, alongside Numis Securities, with immediate effect. The firm also announced that it will issue its interim results for the six months ended 30 June 2018 on Thursday 27 September 2018.