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The Markets
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Proactive news snapshot: Faron Pharmaceuticals, Diversified Gas & Oil, Mkango Resources …

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

Faron Pharmaceuticals Ltd (LON: FARN) announced that Clinical Trial Application (CTA) to conduct a Phase I/II study with Clevegen, its wholly-owned novel precision cancer immunotherapy drug has been approved by the Finnish Medicines Agency (FIMEA).

Diversified Gas & Oil PLC (AIM: DGOC) told investors that results for 2018 will be “materially ahead of current market expectations”. The new guidance is based on the performance in the year-to-date, following the completion of two asset acquisitions earlier this year.

Mkango Resources Ltd (LON:MKA, CVE:MKA) told investors that the final batch of drill results from the 2018 drill programme, at the Songwe Hill rare earths project, has unearthed the highest grades to date. The company, in a statement, said that the results of the majority of the remaining holes (19 of 21) from the 10,900 metre drill programme saw significant zones of rare earths mineralisation grading above 1% total rare earth oxides (TREO).

Union Jack Oil PLC (LON:UJO) told investors that it has now completed its deal to acquire a 16.665% interest in the West Newton project, in Yorkshire. It comes ahead of an appraisal well drilling programme which is due to spud in the first quarter of 2019.

Shield Therapeutics PLC (LON:STX) has received the go-ahead to file for the US approval of Feraccru, its iron deficiency treatment. The AIM-listed company expects to hear shortly from the US Food and Drug Administration the date in 2019 it will complete its review of the drug.

BATM Advanced Communications Limited (LON:BVC) is to work with chip design giant Arm on solutions for the recently-launched Neoverse ecosystem, which serves the global internet infrastructure market.

Stobart Group Ltd (LON:STOB) said it was trading in line with expectations as it continues to progress its growth plans for its aviation and energy businesses.

Plastics Capital PLC (LON:PLA), the niche plastics product manufacturer, said its full-year performance will be ahead of last year, in line with expectations.

Ceres Power Holdings PLC (LON:CWR) has confirmed press reports that it is in talks with Chinese engines giant Weichai Power regarding a potential further investment in the AIM-listed company.

Active Energy Group PLC (LON:AEG) is to raise just under £1.5mln to kick-start its forestry operations in Canada. Last week, the company published confirmation that it had been awarded management contracts for two huge tracts of forest in Newfoundland and Labrador.

Powerhouse Energy Group PLC (LON:PHE) said it has raised £650,000 through a share placing to support the continuity and expansion of its commercial and engineering efforts.

Arix Bioscience Plc’s (LON:ARIX) portfolio company, Autolus Therapeutics PLC (NASDAQ:AUTL), has dosed the first patient in a Phase 1/2 clinical trial of its AUTO4 therapy for relapsed or refractory TRBC1-positive peripheral T cell lymphoma (PTCL).

ADES International Holding Ltd (LON:ADES) has completed the acquisition of eleven oil and gas rigs located in Saudi Arabia from US firm Weatherford International. In July, ADES agreed to pay Weatherford a total of $287.5mln for 31 rigs, eleven of which are in Saudi, twelve in Kuwait, two in Southern Iraq and six in Algeria.

Shares in W Resources PLC (LON:WRES) jumped in early trading Monday as it delivered the first shipment of tungsten concentrate from its La Parrilla mine in Spain.

Kibo Energy PLC (LON:KIBO) told investors that it has received a request from China based SEPCOIII for a further extension as it mulls a decision to potentially invest in the company. A previous extension was given in October and the AIM-quoted company said it would now hold a board meeting later this week to consider the request.

Metal Tiger PLC (LON:MTR) has returned to Greatland Gold PLC’s (LON:GGP) share register, buying shares in the market to amass almost a 0.5% stake in the Australia-focused gold, copper and nickel explorer.

Tekcapital PLC (AIM: TEK) said its wholly-owned portfolio company Lucyd Ltd has signed Richard Sherman, cornerback of the San Francisco 49ers NFL team, as its chief brand officer. The firm noted that Sherman will bring a large fan following and international recognition to the Lucyd brand.

Seeing Machines Limited (LON:SEE) has appointed Luke Oxenham as its new chief financial officer (CFO) with immediate effect.

Minerals and Financial Investments Limited (LON:MAFL) said it was informed on 30 November 2018 that Jacques Vaillancourt, the firm’s executive chairman, purchased 450,000 ordinary shares in the company at a price of 5.463p each. Following this transaction, the group added, Vaillancourt's beneficial ownership is 6,664,000 ordinary shares, representing approximately 19.02% of the company's issued ordinary share capital.

Eurasia Mining plc (LON:EUA.L), the PGM and gold producing company announced that its resource and exploration geologist Keith Byrne will be presenting at an investor evening hosted by Turner Pope Investments, to be held in London W1 on Monday 10 December and which will commence at 5pm.

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