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The Markets
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The Markets
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Proactive news snapshot: Active Energy, Tekcapital, Sareum Holdings …

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

Active Energy PLC (LON:AEG) has been awarded a US$500,000 renovation grant to help build its new manufacturing site in Lumberton, North Carolina.

Tekcapital PLC’s (LON:TEK) shares soared in early deals on Tuesday after its portfolio company, Salarius, secured the first commercial order for its low-sodium salt substitute MicroSalt.

Sareum Holdings Plc (LON:SAR) said data from a potential cancer drug it developed will be showcased at the world’s leading oncology conference. Updated results from a phase I/IIa studies carried out on SRA737 by licensing partner Sierra Oncology will be delivered in the form of two abstracts at the American Society of Clinical Oncology (ASCO) annual meeting in Chicago on June 1.

Franchise Brands PLC (LON:FRAN) has reported a record first quarter in its current financial year in a trading update ahead of its annual general meeting (AGM) on Tuesday. Stephen Hemsley, chairman of the AIM-listed firm, said the franchise network had grown sales by 12% in the period compared to 10.4% growth in the whole of its 2018 fiscal year.

Keywords Studios PLC (LON:KWD), the technical services provider to the global video games industry, has acquired Wizcorp for 120mln Japanese yen in cash. Based in Tokyo, Wizcorp develops games on behalf of others, mainly for mobile devices. It has particular expertise in HTML5 – a hypertext mark-up language (HTML) used to create web pages - and other mobile technologies.

Falcon Oil & Gas Ltd (LON:FOG) (CVE:FO) told investors that it has extended its deal to acquire royalties over the Beetaloo basin assets. The company, in a statement, detailed that it has secured two additional years to pick up additional royalties (overriding royalty interest – or ORRI) following a prior deal struck in 2013.

Diversified Gas & Oil PLC (LON:DGOC) has completed its US$400mln acquisition of assets from HG Energy II Appalacia LLC, delivering some 107 producing wells to the company’s portfolio. The transaction grows daily production by around 30% to over 90,000 barrels oil equivalent per day, and, it is described as being “immediately accretive”.

Ironridge Resources Ltd (LON:IRR) has been granted an exploration for the Zaranou gold project in Côte d'Ivoire. The exploration licence covers 397 square kilometres of ground. IronRidge has the right to acquire up to 100% of the project through staged earn in arrangements.

Resource estimation work has commenced on the Moonta copper project in South Australia. Thor Mining PLC (LON:THR)(ASX:THR) holds a significant interest in Moonta through a complicated structure involving an interest in Enviro Copper Ltd, which is earning into the property from Andromeda Metals.

Bezant Resources PLC (LON:BZT) has entered into a binding memorandum of agreement to acquire a 50% interest in a small scale copper mining licence in Zambia, which contains the Buffalo exploration project.

Seeing Machines Limited (LON:SEE) has raised £31.57mln following a placing, a subscription and an offer of new shares. The firm, which develops operator monitoring technology for vehicles including cars and aircraft, said it had raised £27.77mln in a placing and a subscription of new shares from various directors, which were announced on 20 March and 22 March respectively, while the remaining £3.8mln had been raised through an offer to qualifying existing shareholders.

APQ Global Ltd (LON:APQ), the emerging markets growth company announced that as at the close of business on 31 March 2019, its unaudited book value per ordinary share was 92.32 US cents, equivalent to 70.85p.

Rose Petroleum PLC (LON:ROSE) has confirmed the appointment of Tom Reynolds as a non-executive director of the company, with immediate effect. It pointed out that Reynolds has been working with the company for the past six months on a consultancy basis and has a detailed knowledge of the group's operations. Concurrent with Reynolds' appointment, the firm added, Kelly Scott has stepped down from the board but will continue in his executive role with the company in a non-board capacity.

Vast Resources PLC (LON:VAST), the AIM-listed mining company announced that, following the approval by shareholders at today’s general meeting, all conditions relating to the sale of its 50.01% interest in Ronquil Enterprises (pvt) Ltd, through which the company holds its Zimbabwe gold assets have been satisfied and the transaction has now completed. The group also announced that it has launched a new corporate website, which can be found at the new address of www.vastplc.com.

ECR Minerals PLC (LON:ECR) announced that at the company’s annual general meeting held today all resolutions were passed.

EQTEC Plc (LON:EQT), the technology solution company for waste gasification to energy projects, said Align Research have produced an Initiation of Coverage report on the company.

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