Clinigen PLC (LON:CLIN) is predicting another half of “good progress” as it said adjusted earnings and cash flow grew strongly in the six months to the end of December. The speciality pharma group, which earlier this month unveiled an ambitious £158mln deal to acquire the US rights to a Novartis cancer drug, reported its revenues had grown by a quarter to £208.9mln, buoyed by recent purchases it has made.
Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) chief executive Gil Holzman has told investors the company is very excited by the opportunity to hopefully discover very significant oil resources in the coming months. As it looks forward to the upcoming high-impact Jethro-Lobe exploration well, in the second quarter, the company today released its financial results statement for the three months ended 31 December.
Bluejay Mining PLC (LON:JAY) has confirmed it is in discussions with Rio Tinto Iron and Titanium Canada Inc. (RTIT) in connection with an agreement to assess the commercial potential of Bluejay's Dundas ilmenite project in Greenland. The AIM-listed group said it is optimistic that an agreement will be concluded with RTIT in due course, however, nothing has been finalised at this stage.
Telit Communications PLC (LON:TCM) shares rose on Wednesday as the firm completed the sale of Telit Automotive Solutions NV to TUS for a total consideration of US$105mln allowing it to clear its bank debt. The AIM-listed global enabler of the Internet of Things (IoT) said it has received US$67.5mln in cash, including US$1mln on account of the cash and working capital position of the disposed business, and has granted TUS a short-term vendor loan of US$38.5mln.
Premier African Minerals Limited (LON:PREM) announced a placing on Wednesday to raise around £400,000 to fund due diligence and deal costs for its ongoing acquisitions.
Mining company Vast Resources PLC (LON:VAST) has completed import paperwork related to its Magura Neagra & Piciorul Zimbrului prospecting licences in northern Romania.
Rockfire Resources PLC (LON:ROCK) has started exploration at the Copper Dome prospect in Queensland. The exploration firm, which has an option to acquire 100% of the prospect, said soil and rock sampling, as well as structural and geological mapping, were being undertaken by field crews at the site.
Kibo Energy PLC’s (LON:KIBO) shares surged in late-morning trading Wednesday after its subsidiary, MAST Energy Developments, secured a deal to acquire five ‘peaking’ power plants. The energy firm said under the agreement MAST had secured the exclusive right to acquire the plants, which carry a total capacity of 25.85 megawatts, at no extra cost from a prospective developer.
Alba Mineral Resources PLC (LON:ALBA) is evidently pleased at the pace of response by Brockham project operator Angus Energy which has detailed the steps it is taking to address water influx issues at the well. The company, in a statement after Tuesday’s stock market close, noted that long lead equipment to isolate the water zones has now been sourced and is ready for shipping from the USA.
KR1 PLC (LON:KE1) announced that yesterday it issued 3,806,675 new ordinary shares in the company following the exercise of 3,806,675 warrants, due to expire on 14 March 2019. The group said the warrants were exercised at a price of 0.76p each and the proceeds of £28,930 will be used by the company for additional working capital.
Franchise Brands PLC (LON:FRAN) announced that, in accordance with the authority granted by shareholders at the company's AGM, on 26 February 2019 it purchased 2,400 of its own ordinary shares at a price of 70p each. The group added said these shares will be held as treasury shares.
Amur Minerals Corporation (LON:AMC), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announced that it today issued 6,193,997 new ordinary shares in the company to Cuart Investments PCC Ltd and YA II PN Ltd in settlement of US$217,490 of principal and accrued interest due under the convertible loan agreement entered into on 13 February 2018.
Grit Real Estate Income Group Limited (LON:GR1T) has advised shareholders that the Grit Executive Share Trust intends to commence purchasing shares in the company through the market in order to satisfy the obligations of the scheme as approved at its annual general meeting in 2017.
Caledonia Mining Corporation PLC (LON:CMCL) expects a US$5.4mln hit to 2019 earnings after Zimbabwean central bank withdrew an export credit incentive (ECI) programme for gold producers.
Personal Group Holdings PLC (LON:PGH) shareholders have approved the proposed £3mln purchase of pay and reward consultancy, Innecto, at a general meeting on Wednesday.