Faron Pharma (LON:FARN) thinks its Traumakine drug still has the potential to treat around a third of acute respiratory distress syndrome (ARDS) patients in Europe and North America.
Itaconix Plc (LON:ITX) has signed a licence agreement with Canadian firm New Wave Global Services Inc to develop a non-phosphate dishwasher detergent formula.
Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) has confirmed that it will drill at least one exploration well offshore Guyana in 2019, with the drilling of the Jethro-Lobe prospect slated for ‘late May / early June’.
Taptica International Ltd (LON:TAP) has appointed Rivi Bloch as interim chief executive after accepting the resignation of Hagai Tal. Tal proffered his resignation as CEO after being deemed liable in a fraud case relating to the sale of another business Plimus in 2011.
Bluebird Merchant Ventures (LON:BMV) is happy with initial recovery levels of gold and silver in samples taken from the Kochang Mine in Korea. Using a simple gravity separation process, recoveries of 80% of the gold and 60% of the silver from a composite sample were recorded.
Shanta Gold Limited (LON:SHG) expects to be producing more than 100,000 ounces of gold every year once its Singida project in Tanzania comes on stream in 2020.
Eurasia Mining plc (LON:EUA) chief executive Christian Schaffalitzky told investors that the company is “thrilled and honoured” to have received final permission to build a mine at the Monchetundra platinum and base metal project.
PCF Group Plc (LON:PCF) hiked its final dividend by 58% after delivering record profits and meeting its key strategic objectives in its first full year as a bank. The specialist lender, which became a fully operational bank in July 2017, said pre-tax profit jumped 44% to £5.2mln in the year to 30 September 2018 from £3.6mln a year ago after receiving a banking licence led to cheaper cost of funds.
SIMEC Atlantis Energy Limited (LON:SAE) has signed an EU grant agreement which will provide the firm and its supply chain partner, Asturfeito SAU with €1mln in funding to support its turbine development programme.
Block Energy Plc (LON:BLOE) has announced a successful start to its workover programmes in Georgia, where it has now completed initial operations for the first three well renovations. The company, in a stock market statement, said it had successfully re-entered the first three nominated wells at the Norio field and that it was now ‘rigging up’ at the fourth.
Shield Therapeutics PLC (LON:STX) noted the announcement today by Norgine BV that they have launched Feraccru, the group’s treatment for Iron Deficiency in adults in the UK. In September 2018, Shield licensed Feraccru to Norgine in most European territories. Carl Sterritt, Shield’s chief executive officer commented: "Since announcing the licence agreement in September 2018, we have been working closely with Norgine to transfer knowledge and responsibilities from Shield to them and the UK launch demonstrates that this transition period is progressing well."
Premier African Minerals Limited (LON:PREM) confirmed that in the period following its announcement of a proposed restructuring of its Zimbabwe minerals projects, due diligence has progressed satisfactorily. Premier said it and mining contractor KME Group have agreed to proceed to a formal framework agreement irrespective of the outcome of ongoing discussions that are expected to resolve the equity status at RHA Tungsten Pvt Ltd. The company said it will provide further updates once it has agreed the framework agreement.
Mkango Resources Ltd. (LON:KKA) (TSXV:MKA) said it has been informed that its chairman, Derek Linfield, has purchased warrants over 3,333,333 common shares at an exercise price of 6.6p per warrant for a price of 2.4p per warrant - implying a value of 9p on the underlying share. The group added that Linfield has purchased the warrants from Christopher Williams who has, at the same time, sold the balance of his holding of 3,971,970 warrants to existing common shareholders in the company also at a price of 2.4p per warrant. Following the transaction, it said Williams will not have any beneficial interest in the common shares of the company or hold any warrants in the company.
BB Healthcare Trust PLC (LON:BBH) said on Tuesday that it is intending to propose a final dividend of 2.0p per ordinary share for the financial year ended 30 November 2018, the second having paid an interim dividend of 2.0p per ordinary share in August 2018. The group added that for the financial year ending 30 November 2019, the target total dividend will be 4.85p per ordinary share, being 3.5% of its unaudited net asset value per ordinary share of 138.71p per ordinary share as at 30 November 2018, with an interim dividend of 2.425p per ordinary share to be paid in August 2019, and a final dividend of 2.425p per ordinary share to be paid in March/April 2020.
NQ Minerals PLC (AQSE:NQMI) (OTCQB:NQMLF), mineral processing, exploration and mining company has issued 420,000 new ordinary shares at a price equivalent to 12p per share, and issued 142,857 new ordinary shares at a price equivalent to 14p per share to raise approximately £70,400 for working capital purposes.
Directa Plus PLC (LON:DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, said it will be attending and presenting with Arvind Limited, one of the world's largest denim producers, at the "Smart Talks", at the Denim Première Vision event in London on Thursday, 6 December 2018 at the Smart Square, The Old Truman Brewery, London E1.
Galantas Gold Corporation (LON:GAL) (TSXV:GAL) said, further to its announcement released on November 19, 2018, the Private Placement will be at an issue price of C$0.08625 per share rather than C$0.086, and subscriber Melquart currently holds 40,224,545 common shares, representing 19.2% of the company's total issued and outstanding common shares.
Mosman Oil And Gas Limited (LON:MSMN) said that following the proposed subscription by certain directors announced on 9 November 2018, the group’s executive directors, John Barr and Andy Carroll have now subscribed for 20mln new ordinary shares each, making an aggregate total of 40mln new ordinary shares at a price of 0.275p per share plus a 1 for 2 warrant exercisable at 0.4p per share, with the warrants exercisable within 24 months of issue.
Grit Real Estate Income Group Limited (LON:GR1T) said Paul Huberman did not put himself up for re-election to the group’s board of directors at the annual general meeting held on 29 November 2018. It added that David Love, currently holds the position of CFO and Compliance Officer at Knight Frank Investment Management, has been appointed as the company’s independent non-executive director with effect from 4 December 2018.