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The Markets
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The Markets
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Proactive news snapshot: Wishbone Gold, ReNeuron Group, SDX Energy …

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

Wishbone Gold PLC (LON:WSBN) has raised £550,000 through a placing to pay off its equity stand-by facility with financier D-Beta. The agreement was set up in August 2017 and ending the arrangement will see Wishbone pay about £120,000 owed and a final settlement payment of £274,000.

ReNeuron Group Plc (LON:RENE) believes its CTX stem cell line could be used in the fight against cancer.

SDX Energy Inc (LON:SDX, CVE:SDX) has revealed it is out of the running for Egyptian assets being sold by BP. The AIM-quoted company, in a stock market statement, told investors that discussions with BP have been terminated by mutual agreement. No reasons were disclosed for the breakdown in negotiations.

Mosman Oil And Gas Limited (LON:MSMN) updated investors on its operations at the Stanley project, meanwhile, Texas operations have been impacted by significant rainfall.

PowerHouse Energy (LON: PHE) has held detailed talks with two rubbish collection firms over deploying its hydrogen from waste technology at their sites. If contracts can be agreed, they might result in the installation of Powerhouse’s DMG technology at multiple locations, though the company added there is no certainty of a deal with either group.

Asiamet Resources Ltd (LON:ARS) is planning to perform additional drilling to enhance the bankable feasibility study (BFS) at its Beruang Kanan Main (BKM) copper project. The company said limited further drilling is required in the BKM pit area to better assess geological and geotechnical components and their impact on the open pit mine design. This drilling will also evaluate the additional resource tonnages that currently sit both inside and outside the pit shells, and which are currently classified as inferred resources.

UK medicinal cannabis investment vehicle Sativa Investments PLC (LON:SATI) said it has raised £3.75mln in a share placing and signed heads of terms for a £85,000 option to lease a 7.53 acre development site in Wiltshire. The company said it placed 62.5mln new ordinary shares at 6p each and the proceeds of the equity raise would be used to “further Sativa’s progress and development as the UK’s first medicinal cannabis investment vehicle”.

Scotgold Resources Limited (LON:SGZ) said it continues to make progress in the finalisation of the planning application for its Cononish gold and silver project. Since the unanimous positive "minded to grant" decision by the board of the National Park Planning Authority (NPA) in February, the company has worked with the NPA and other interested parties to secure all the necessary agreements.

Stem cell treatment insurance provider WideCells Group PLC (LON:WDC) is restructuring its board as part of its plans to minimise costs, refocus its strategy and target revenue growth. Chief financial officer David Bridgland has stepped down from the board but will serve out his notice period until the end of the year. A non-board financial controller will be recruited in his place.

George Frangeskides, Alba Minerals Resources PLC’s (LON:ALBA) executive chairman, is looking forward to the rapid progression of the Horse Hill oil field into the development phase, and, subsequently into production. Alba owns an 11.765% beneficial interest in the Horse Hill project, via a shareholding in the HHDL vehicle.

Live Company Group Plc’s (LON:LVCG) latest acquisition, Bright Bricks, is to take its life-size LEGO animals on a tour of zoos in Europe and the USA later this month.

Shanta Gold Limited (LON:SHG) produced 19,723 ounces of gold in the third quarter at its New Luika mine in South-Western Tanzania, which was a bit less than expected.

Base Resources Limited (LON:BSE, ASX:BSE) said mined ore tonnes increased by 35% in the third quarter.

Vast Resources PLC (LON:VAST) announced that it has raised in aggregate £525,086 through a placing and subscription of 87,514,451 ordinary shares at a price of 0.6p each undertaken by the company's joint broker SVS Securities. The AIM-listed company, which operates mines in Romania and Zimbabwe said the subscription was for 16,666,666 ordinary shares and was subscribed equally by Andrew Prelea and Roy Tucker, directors of the company.

Highlands Natural Resources Plc (LON:HNR) told investors told investors that it has filed applications with the Colorado Oil and Gas Conservation Commission (COGCC) for a larger scale development plan for the West Denver shale oil and gas project.

Collagen Solutions PLC (LON:COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, has announced that its chief executive, Jamal Rushdy, will be presenting at Biotech and Money's Inv€$tival Showcase which is being held at the Hilton Waldorf, London, on Tuesday 13 November 2018.

S&U PLC (LON:SUS), the specialist motor finance and bridging lender, today hosted a site visit for investors and analysts at the offices of Advantage, its motor finance business based in Grimsby. The firm said no new material information will be disclosed and a copy of the presentation will be available for download on the S&U website. www.suplc.co.uk

Primary Health Properties PLC (LON:PHP), one of the UK's leading investors in modern primary healthcare facilities, today hosted a capital markets visit for analysts to a selection of its assets in the city and surrounding towns of Dublin, Republic of Ireland.

United Oil & Gas Plc (LON:UOG, the oil and gas exploration and development company, has announced that it will be presenting at the Oil Capital Conference on 24 October 2018 at 10:00am., to be held at The Brewery, 52 Chiswell Street, London, EC1Y 4SD.

The Marketing Group PLC has announced the appointment of Sean Gogarty as a non-executive director of the company with immediate effect. The group said Gogarty has spent the majority of his working life developing brands and running branded businesses.

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