Block Energy PLC (LON:BLOE) has revealed that the West Rustavi 16a legacy well has flowed 200 barrels of oil over a ten hour test. The company added that a further 300 barrels of oil was recovered in further tests over subsequent days. Big Pic in July.
The cell therapy specialist ReNeuron Group PLC (LON:RENE) is gearing up for a busy 18 months with read-outs from two clinical trials expected in that time-frame. Patient screening and enrolment has commenced for its most advanced programme, a CTX therapy for stroke, which is entering phase IIb clinical trials, with top-line data from the US study expected in early 2020. Big Pic in July.
OptiBiotix Health PLC’s (LON:OPTI) subsidiary, ProBiotix Health Limited, has raised around £1mln to fund a potential initial public offering (IPO). Big Pic in September.
PhotonStar LED Group PLC (LON:PSL) has raised gross proceeds of £100,000 from a placing of 500,000,000 new ordinary shares with new and existing investors at a price of 0.02p each. The group said the net proceeds will provide the company with additional working capital and will also enable its board to initiate a further cost reduction programme and to evaluate new business opportunities. Big Pic in August.
Greencoat UK Wind PLC (LON:UKW) has acquired the Church Hill and Crighshane wind farms in Northern Ireland in a deal that has upped its net generating capacity to 836 megawatts (MW). The FTSE 250 wind farm investor said it acquired the wind farms for £87mln, including the prepayment of existing project finance debt facilities.
Vast Resources PLC (LON:VAST) on Friday noted reports in the press that Zimbabwe’s Minister of Mines has stated that the AIM-listed group will be allowed to explore for diamonds in the African country but said it wishes to make it clear that it has received no official notification of this position.
Wheelsure Holdings PLC (LON:WHLP) is to work with Haydale Graphene Industries PLC (LON:HAYD) on a “smart” graphene pressure sensor for the fastener market. Big Pic in September.
Ormonde Mining PLC (LON:ORM) continues to look forward to a February start-up at its 30% owned Barruecopardo tungsten mine. The company, in a stock market statement, told investors that development schedule at the Spanish project has progressed in line with previous guidance. Big Pic in August.
Faron Pharmaceuticals Ltd (LON: FARN) has revealed that the first patient has successfully been dosed in the phase I/II MATINS study of Clevegen, its wholly-owned novel precision cancer immunotherapy drug.
Chaarat Gold Holdings Ltd (LON:CGH) is preparing to have its suspension on AIM lifted today after securing “further improved terms” for its acquisition of the Kapan Mining and Processing Company. Big Pic in November.
Metal Tiger PLC (LON:MTR) shares jumped in late-morning trading Friday after all of its prospecting licences were extended for its copper/silver project in Botswana. The natural resources investor said all prospecting licences for its joint venture in the country had been granted two-year extensions ahead of their expiry on 31 December, with no reduction in land area.
Lithium mine developer Kodal Minerals PLC (LON:KOD) said it had made “excellent progress” towards the delivery of its first mining operation at the Bougouni project. As a pre-revenue company, the emphasis in the company’s interim results for the six months to the end of September was naturally on the progress made operationally rather than on the numbers. Big Pic in September.
EQTEC PLC (LON:EQT) said it has drawn down a third tranche amounting to US$864,000 under the US$10mln financing facility provided by Cuart Investments Fund and associates further details of which were announced by the company on 27 September 2018 and 5 July 2018. It said the total amount drawdown to date under the financing facility amounts to US$3,328,000 (approximately £2.6mln). The proceeds of the drawdown will be used to further develop the company's existing project portfolio, to avail of possible investment opportunities and for general working capital.
Further to the announcement on 26 November 2018, Maistro PLC (LON:MAIS) announced that it has raised gross proceeds of £250,000 through the issue of 25,000,000 open offer shares, with applications for 46,928,175 open offer shares made under the excess application facility.
U.S. Oil & Gas PLC has placed 1,367,566 new ordinary shares with private investors at a placing price of 30p per share to raise gross proceeds of circa US$527,539. The group said the proceeds will be used to provide US Oil with additional working capital, including the funding of drilling operations.