Proactive news snapshot: Kodal Minerals, LoopUp Group, Providence Resources …

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

Your daily round-up from the world of Proactive

Kodal Minerals PLC (LON:KOD)  is considering a larger mine at its Bougouni lithium mine in Mali following another strong set of drill results. The junior is now eyeing an initial 1.2M tonnes a year processing plant, expanding to 1.5Mtpa as the operation moves into steady production phase.

LoopUp Group PLC (LON LOOP), the remote meetings technology company, has signed a contract renewal with leading global law firm, Clifford Chance, worth £2.34mln over a three-year period. The minimum total contract value of £2.34 million in aggregate over the three-year term is for the provision of conference calls across Clifford Chance's global operations, spanning 32 major financial centres in the Americas, Asia Pacific, Europe, the Middle East and Africa.

Providence Resources PLC (LON:PVR) told investors that the acreage hosting the Avalon prospect will be upgraded from a licence option to a frontier exploration licence. The Irish offshore explorer, in a statement, said that the Minister of State at the Department of Communications, Climate Action and Environment in Dublin has approved the change effective from 1 February.

Vast Resources PLC (LON:VAST) said its directors are pursuing other potential offers of finance after saying it would no longer receive a long-awaited US$5.5mln tranche from Mercuria Energy Trading as part of a prepayment agreement between the two. 

Greencoat UK Wind PLC (LON:UKW) saw its shares rise on Friday as the wind farm investment group revealed that its unaudited net asset value increased to £1,392.8mln, or 123.1p per share as of 31 December 2018. The FTSE 250-listed firm said this represents an increase of 8.1p per share for the fourth quarter - in addition to dividends paid of 1.69p.

Avation PLC (LON:AVAP) told investors that it has entered into a long-term lease agreement with a South-Asian airline for one new ATR 72-600 aircraft. The commercial aircraft leasing firm said the new agreement covers an eight year period and that it is on ‘market-standard terms and conditions’.

Maistro PLC (LON:MAIS) is seeking shareholder approval to waive obligations under rule 9 of the takeover code as a concert party aimed to increase its stake in the company. The AIM-listed firm, which operates a business procurement marketplace, said as part of a share subscription announced in November the concert party would increase its holding in the firm from 24.4% to 42.1%.

Kazera Global PLC (LON:KZG) told investors that its drill programme at its Namibia Tantalite Investment (NTI) mine project continues to produce highly encouraging results. The company noted that it has so far drilled 22 of 33 planned holes at NTI, and, assays have been produced for 432 core samples and 72 channel samples.

Active Energy Group PLC (LON:AEG) said it intends to transition its nominated adviser (NOMAD) role from Northland Capital Partners to SP Angel Corporate Finance following the merger of the two firms. The firm said this process is progressing and SP Angel conducted a site visit to North America this week as part of the take-on process, and added that a further announcement will be made as appropriate.

Stobart Group Limited (LON:STOB) said it has been notified that its former CEO Andrew Tinkler has reduced his holding in the company to 5.91% from 6.93% previously.

Shefa Yamim (ATM) Ltd (LON:SEFA) has highlighted several key milestones achieved by the firm in the second half of 2018. In a corporate update late on Tuesday, the Israel-based precious stones exploration firm said a technical economic evaluation (TEE) had been completed for its Kishon Mid-Reach project, will the results to be announced in January.

FairFX Group Plc (LON:FFX), the low-cost multicurrency payments and e-banking service, said it has appointed Canaccord Genuity as its joint broker alongside Cenkos Securities with immediate effect. It added that Cenkos remain as its nominated advisor (NOMAD) and joint broker.

Westminster Group PLC (LON:WSG) announced the appointment of Charles Enea Cattaneo, a partner at corporate finance firm Cattaneo LLP which he founded in 2005, as a non-executive director of the company with effect from 17 January 2019. It also announced the appointment of James Sutcliffe to the post of chairman of its International Advisory Board, with Sutcliffe to step down from the group’s board.

Shanta Gold Limited (LON:SHG) has announced that Rukwa Limited, a wholly owned subsidiary of the group, has repurchased 325,000 of the company's' outstanding unsecured subordinated convertible loan notes due April 2019 from El Oro Limited for a total consideration of US$276,250. The group said this implies an 18% discount to value of the Convertible Loan Notes based on their par value plus interest accrued to date. Following this transaction, Shanta added, the value of the remaining outstanding convertible loan notes not held directly or indirectly by the company is US$14,675,000.

Avacta Group PLC (LON:AVCT), the developer of Affimer biotherapeutics and reagents, announced that it has changed its accounting reference date from 31 July to 31 December with immediate effect.

Anglo African Oil & Gas PLC (LON:AAOG), an independent oil and gas developer, announced the publication of a research note by Align Research Limited which is available from:

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