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Proactive news snapshot: Faron Pharmaceuticals, Sunrise Resources, Tertiary Minerals …

Published: 15:30 21 Feb 2019 GMT

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Faron Pharmaceuticals Ltd (LON:FARN) says early results from a proof of concept trial for immunotherapy cancer treatment Clevegen are encouraging. There were noticeable increases in the body’s natural killer cells in the first two patients treated and no toxicity increase.

Sunrise Resources Plc (LON:SRES) told investors that a major international cement company has successfully completed tests using its natural pozzolan material, taken from the CS pozzolan-perlite project in Nevada. The company highlighted that, in the test work, its natural pozzolan replaced 20% of the cement in the concrete mix. Big Pic in January.

Tertiary Minerals plc (LON:TYM) has added a new project to its portfolio, picking up the Paymaster exploration area in Nevada, USA. Existing exploration data for the area included grab samples with up to 21% zinc, 6.5% lead, 3.3% copper and 253 grams per tonne silver, plus ‘high levels’ tellurium and cobalt which are described by Tertiary as “high-tech metals”.

InnovaDerma PLC (LON:IDP) said the second-half had started well after the beauty and personal care group navigated a tricky first six months. Chairman Haris Chaudhry said: “Our revised engagement strategy is delivering a marked improvement and we are therefore confident that the second half of the year will be disproportionately higher than in previous years.”

Avation PLC (LON:AVAP) has made good on its forecasts as it reported record profits and revenues for the first half of its financial year.

ValiRx Plc (LON:VAL) has raised £0.5mln in gross proceeds through a share placing to further expand the scope of the clinical trial of its VAL201 treatment for prostate cancer. The AIM-listed clinical stage biotechnology said its company broker, Novum Securities issued 83,333,333 new ordinary shares at a price of 0.6p each with new and existing investors.

Keywords Studios PLC (LON:KWS),  the technical services provider to the global video games industry, has got the cheque book out again and has acquired GetSocial, a Dutch company that operates a cloud-based software platform.

Oracle Power PLC (LON:ORCP) has raised £500,000 to help fund its share of the pre-development project work at its electricity plant in Pakistan. Along with Chinese energy giant Beijing Jingneng Power Company and its other joint venture partner, PowerChina, Oracle is developing a 700Mw coal-fired electricity plant in Pakistan’s Thar province.

United Oil & Gas PLC (LON:UOG) told investors that its Colibri exploration prospect, offshore Jamaica, has been estimated independently to host some 229mln barrels of oil potential. A new review of the Walton-Morant licence by consultant ERC Equipoise has upgraded the view of the exploration partnership with Tullow Oil.

OptiBiotix Health plc (LON:OPTI) said its cholesterol product had been generally recognised as safe (GRAS) by an independent expert panel in the US. The company, which is developing products to tackle obesity, cardiovascular disease and diabetes, said sign-off for its Lactobacillus plantarum LPLDL probiotic strain represented a significant milestone.

Tekcapital PLC’s (LON:TEK) shares jumped in early deals Thursday as its portfolio firm, Lucyd, planned to launch a line of designer sunglasses in partnership with Richard Sherman, an NFL cornerback for the San Francisco 49ers.

The renewal of a key contract with German pharma giant Merck Serono capped off a “strong” first half for Physiomics Plc (LON:PYC). Merck has long been a fan of the AIM company’s Virtual Tumour programme – a piece of software that can predict the effect of different combinations of drugs on cancers.

Oriole Resources PLC (LON:ORR), the exploration company operating in Africa and Europe, has received a £40,000 R&D rebate from the tax-man.

Telit Communications PLC (LON:TCM) rose on Thursday after the group said it expects the buyer of its automotive division, TUS International Limited to be in a position to complete the transaction shortly.

Mineral & Financial Investments Limited (LON:MAFL) said its net-asset value hit an all-time high in the final quarter of 2018 as its mop-up acquisition of TH Crestgate, completed in the period, had a positive and materially impact. In a fourth quarter operational update, the AIM-listed firm said its fully-diluted NAV per share as at December 31 2018 was 12.54p, up 72.5% from a year earlier.

Arc Minerals Limited (LON:ARCM) has sold its stake in Eritrea-focused copper explorer Andiamo Exploration for US$250,000. Emerald Ex is buying the 18.48% stake for cash with the transaction set to close on 25 February.

Scancell Holdings PLC (LON:SCLP) announced that, following the conclusion of a formal tendering process, the company has appointed BDO LLP as the company's independent auditor for the financial year ending 30 April 2019, effective immediately.

Base Resources Limited (LON:BSE) (ASX:BSE), the African mineral sands producer which is scheduled to release interim results on Monday, 25 February 2019, said its managing director, Tim Carstens, and CFO, Kevin Balloch, will host two investor and shareholder conference calls to discuss the results with investors and shareholders that day.

Block Energy Plc (LON:BLOE),  the exploration and production company focused on the Republic of Georgia, announced that the new corporate presentation is now available to view on the company's website.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

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