Proactive news snapshot: Anglesey Mining, PowerHouse Energy Group, Big Dish …

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

Your daily round-up from the world of Proactive

Anglesey Mining plc (LON:AYM) has entered into an agreement with QME Mining Technical Services under the terms of which QME will carry out an agreed programme of design, engineering and optimisation studies relating to the future development of the Parys Mountain copper and zinc project in Anglesey.

PowerHouse Energy Group PLC (LON:PHE) has been invited to engage in “advanced commercial discussions” over its waste-to-hydrogen DMG technology with Toyota Tsusho – a trading subsidiary of the Japanese conglomerate, Toyota Group.

Restaurant booking app group BigDish Plc (LON:DISH) rallied as it said a stock overhang that had weighed on the shares had been cleared. Joost Boer, chief executive, said: "We note the recent share price volatility on the back of thin volumes but believe the overhang in the market has now been removed and we look forward to future positive market updates."

Seeing Machines Limited’s (LON:SEE) aviation division has inked its first commercial agreement. It will provide eye and face tracking sensor technologies to the Royal Australian Air Force.

Kodal Minerals PLC (LON:KOD) has reported assay results for an additional three diamond drill holes at the Boumou prospect on the 450 square kilometre Bougouni lithium project in Southern Mali.

Anglo African Oil & Gas plc (LON:AAOG) told investors that drilling has now resumed at the TLP-103C well site, at the Tilapia project in the Republic of the Congo, following necessary repairs to the contracted drill rig. The repair work followed an unscheduled inspection by AAOG staff. The temporary suspension of operations has now ended, with repaired and reconditioned parts now installed back onto the rig.

Rosslyn Data Technologies PLC (LON:RDT) has reported a narrowed loss in its half year results as an increase in contract values boosted earnings.

Renewables group SIMEC Atlantis PLC (LON:SAE) is to diversify into hydro generation through the acquisition of a portfolio of assets from its major shareholder for £124.7mln in total. A conditional agreement has been reached to acquire Green Highland Renewables from SIMEC group, part of the GFG Alliance that owns 49.99% of Atlantis.

VR Education Holdings Plc (LON:VRE) has launched its Apollo 11 HD virtual reality experience on the HTC Vive, Oculus Rift and Windows Mixed Reality platforms. Big Pic in May.

Rockfire Resources PLC (LON:ROCK) has entered an option deal giving it the right to acquire the Copper Dome porphyry copper project, in Central Queensland. Historically known as Mt Leslie the deposit was the subject of a resource estimate, published in 2010 by the US Geological Survey, and, it is believed to be a large-scale mineralised system.

Sirius Minerals PLC (LON:SXX) has confirmed the completion of its acquisition into the Cibra Group Companies, as part of the company’s supply agreements for South America. The London-listed company is issuing 95mln new Sirius shares to Cibra and chief executive Chris Fraser will be appointed to the board of both Cibra Group Companies with immediate effect.

NetScientific PLC (LON:NSCI) has put itself up for sale, with bosses claiming that the market is currently undervaluing the strength of its portfolio of healthcare companies. The AIM company reeled off a list of highlights in its portfolio which it said showed the “significant progress” it has made in recent months.

NetScientific PLC (LON:NSCI) also said its portfolio company, PDS Biotechnology, entered into a merger agreement with Edge Therapeutics Inc (NASDAQ:EDGE). The company, which specialises in commercialising healthcare IPs, said the all-share merger was expected to create a publicly traded biotech company specialising in immune-oncology and treatments for early and late-stage cancer.

Active Energy PLC (LON:AEG) has confirmed it has been formally issued with two five-year commercial timber permits by the Canadian authorities. Shares in the AIM company were suspended on Friday while it waited on clarification from officials following reports in a local newspaper that no permits had been issued.

SDX Energy Limited (LON:SDX) (CVE:SDX) chief executive Paul Welch has described the third quarter as “one of the best financial periods in the company's history”, whilst the quarterly statement confirmed higher production, revenue and earnings. Net production averaged 3,889 barrels oil equivalent per day over the first nine months of 2018.

Savannah Resources PLC (LON:SAV) had added several Portuguese and international consultancies to the team overseeing its Mina do Barroso lithium project in Portugal.

Thor Mining PLC (LON:THR)(ASX:THR) has established an initial mineral resource estimate for the Bonya Copper Mine deposit within the Bonya tenement, held jointly with Arafura Resources Limited (AXS:ARU).

Solo Oil PLC (LON:SOLO) has confirmed the exit of Donald Strang from his position as non-executive director. Strang was previously finance director, appointed in 2014, before moving to the non-executive position in August 2016. He was associated with a number of companies that have been involved with the Horse Hill project and the broader Weald basin exploration play onshore UK.

Rambler Metals and Mining PLC (LON:RMM) (TSXV:RAB) said it has entered into a definitive subscription agreement with CE Mining III Rambler Limited which provides for an investment of US$2mln in the form of senior secured convertible loan notes.  The company said the proceeds received from the Convertible Loan will be used to strengthen its working capital position and for general corporate purposes and will provide adequate working capital for approximately three months based on current projected expenditures and anticipated production.

Shares in Katoro Gold PLC (LON:KAT) shone in late-afternoon trading Monday after it acquired the Haneti Nickel project in Tanzania. The exploration firm said it had purchased the project through an all-share acquisition of Kibo Nickel Limited and Eagle Exploration Limited from their majority shareholder Kibo Energy PLC (LON:KIBO).

Kibo Energy PLC (AIM:KIBO), the multi-asset Africa-focused energy company, announces that its wholly owned subsidiary, Kibo Mining (Cyprus) Ltd has completed the sale of Kibo Nickel Limited to Katoro Gold Ltd in an all share transaction, following receipt of relevant regulatory approvals.  The group said the sale is consistent with Kibo's strategy to focus on the development of its three energy projects as it becomes a major regional power player in Africa.

Maistro PLC (LON:MAIS) has launched an open offer which will enable existing shareholders to apply for a total of 25,000,000 new ordinary shares at 1p each to raise up to £250,000 before expenses. The group said qualifying shareholders will have a basic entitlement of 1 open offer share for every 7.28423264 existing ordinary shares held and will also have the opportunity to apply for additional shares under the excess application facility.

ECSC Group PLC (LON:ECSC), the provider of cyber security services, said it has been notified that on 23 November 2018, Ravinder Bahra, a person closely associated with its chief executive officer Ian Mann sold 50,000 ordinary shares at a price of 67p each and now holds a total beneficial interest in 1,069,068 ordinary shares, equivalent to 11.75% of the company's ordinary share capital.

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advised that Roderick Mahoney, an executive director, has sold through the market 133,000 shares at price of 253p each. Following this transaction, it added, Mahoney has interests in 700,000 ordinary shares representing 1.1% of the capital of the company.

Sunrise Resources Plc (LON:SRES) said that, further to its announcement of 1 November 2018, the company has identified a replacement Nominated Adviser and the due diligence process, which is required to be undertaken on the firm, is in progress. The group said its directors are confident that the company will be in a position to announce the appointment of the new Nomad well in advance of 1 February 2019, with a further announcement to be made in due course.

SigmaRoc PLC (LON:SRC) said its CEO, Max Vermorken, will be speaking later today and tomorrow at the London Mello event for institutional fund managers and private investors. He will highlight SigmaRoc's core buy-and-build strategy and how the board intends to apply it to create significant value for SigmaRoc's shareholders and stakeholders. An updated presentation can be found on the company's website.

Tekcapital PLC (LON:TEK), the UK intellectual property investment group focused on creating marketplace value from university technology, announced that the company will be presenting at the Mello London investor conference to be held over the next two days at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY. It said its CEO, Clifford M Gross will be presenting to delegates at 14:20hrs today and 11:40hrs tomorrow in the Roskill Room, respectively.  

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