Proactive news snapshot: Symphony Environmental Technologies, Alba Mineral Resources, OptiBiotix Health …

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


Specialist plastics group Symphony Environmental Technologies PLC (LON:SYM) lifted sales over the past year but increased marketing costs affected profits. Group revenues increased by 6.5% to £8.8mln in 2018, driven by a near 200% jump in sales of anti-microbial products to £930,000.

Alba Mineral Resources PLC (LON:ALBA) executive chairman George Frangeskides told investors that the company is pleased with the ongoing performance of the Horse Hill extended production testing programme. UK Oil & Gas PLC (LON:UKOG), the largest Horse Hill stakeholder with 50.635%, this morning provided the market with an update from Horse Hill, highlighting a number of milestones.

OptiBiotix Health PLC’s (LON:OPTI) subsidiary, ProBiotix Health, has extended its original supply agreement with German probiotics supplier HLH Biopharma. The new three-year agreement grants HLH an exclusive licence to produce, package and commercialise a capsule containing Opti’s cholesterol-reducing LPLDL strain in Germany.

Amphion Innovations PLC (LON:AMP) has reduced its stake in partner company Motif Bio PLC (LON:MTFB) (NASDAQ:MTFB) to 7.88%.

Lithium explorer European Metals Holdings Limited (LON:EMH) remains confident that drilling underway at Cinovec in the Czech Republic will move significant resources into the indicated category. European Metals has reported results from five of the eight holes planned in the programme, which is part of work ongoing on a Definitive Feasibility Study.

BlueRock Diamonds PLC (LON:BRD) has received the necessary permissions to allow it to move to 365-day operations at the Kareevlei Diamond Mine in the Kimberley region of South Africa and said it expects first-quarter production to be near the upper end of guidance.

Luxury travel group Intosol Holdings PLC (LON:INTO) has raised €250,000 (£213,000) from an existing investor. The cash injection will help fund the continued development of the company’s SOUL Private Beach Collection – a portfolio of owned and managed boutique hotels in South Africa.

African Battery Metals PLC (LON:ABM) has announced a deal to acquire a stake in AIM peer Katoro Gold plc (LON:KAT) as both firms put their sights on a Nickel project in Tanzania. Katoro currently holds 100% of the Haneti nickel project – which is also prospective for platinum-group-elements, cobalt, copper, gold and lithium – and, the new agreement provides the possibility for ABM to acquire up to 35% of the project.

Katoro Gold boss Louis Coetzee has told investors that the new partnership with African Battery Metals is a perfect fit for the development of the Haneti nickel project.

Toral project developer Europa Metals Limited (LON:EUZ) spent A$958,000 on exploration in the last six months, which contributed to interim losses rising to A$1.53mln. For the remainder of 2019 and subject to funding, plans are for an infill drilling campaign targeting the high-grade core of the Toral deposit to boost the resource.

discoverIE Group PLC (LON:DSCV) announced that following six years of service, non-executive directors Henrietta Marsh and Richard Brooman will be retiring from its board at the conclusion of the annual general meeting in July 2019. The group said Bruce Thompson will succeed Brooman as its senior independent director, and added that the recruitment of an additional non-executive director and Audit Committee chair is underway and an announcement will be made in due course.

Regency Mines PLC (LON:RGM) said it has received notice from YA II PN Ltd and Riverfort Global Capital Ltd. of the partial conversion of US$105,705.69 (£80,072) of its outstanding US$1,279,800 (£969,447) loan note originally announced on 6 June 2018 and then refinanced on 14 January 2019. In consequence, the group added, it has issued 97,292,904 new ordinary shares in the company at a price of 0.0823p each.

APQ Global Limited (LON:APQ), the AIM-listed emerging markets growth company, has announced that as at the close of business on 28 February 2019 its unaudited book value per ordinary share was 96.59 US dollar cents, equivalent to 72.62p.

United Oil & Gas PLC (LON:UOG), the independent oil and gas developer, said it will host a shareholder conference call at 12:00pm UK time on 19 March 2019. The call will be hosted by chief executive officer, Brian Larkin and chief operating officer, Jonathan Leather, who will be available to answer shareholders' questions.


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