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The Markets
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The Markets
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Proactive UK has moved.
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Proactive news snapshot: HemoGenyx Pharmaceuticals, Cadogan Petroleum, BigDish …

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

HemoGenyx Pharmaceuticals PLC (LON:HEMO) chief executive Vladislav Sandler said the company was encouraged by new data on its antibody drug candidate for use in acute lymphoblastic leukaemia (ALL).

Cadogan Petroleum PLC (LON:CAD) has revealed a successful outcome in its well testing programme at the Blazh-10 well in western Ukraine. Blazh-10 produced some 275 barrels of oil per day during testing and the company has now decided to continue producing from the well in natural flow.

BigDish PLC (LON:DISH) has announced plans to roll out its yield management platform for restaurants across the entire UK. The London-listed firm said that to ensure a smooth rollout it had divided the UK into ten territories and would begin recruiting managers for each, a process that would take around three to four months.

ITM Power PLC (LON:ITM) “is undoubtedly in the right place at the right time”, chief executive Graham Cooley told investors as the energy storage and clean fuel company provided an upbeat assessment of current trading and prospects.

Immotion Group PLC (LON:IMMO) shares bobbed higher on Thursday after it signed an agreement to install its virtual reality (VR) cinema pods at the Santa Barbara Zoo in Florida, the first zoo to incorporate its products.

KRM22 PLC (LON:KRM) has agreed to acquire Dutch-based risk management and post-trade services group Object+ for around £3mln.

Renewables investor Greencoat UK Wind PLC (LON:UKW) has raised £375mln through a share issue at 133p for more additions to its portfolio of windfarms. Stephen Lilley, the fund’s manager, said the money raised would strengthen the balance sheet and enable it to take advantage of a large pipeline of opportunities currently available.

Applied Graphene Materials PLC (LON:AGP) is to showcase two applications of its graphene technology in the aerospace sector at a prestigious industry event. The graphene specialist will attend the National Aerospace Technology Exploitation Programme (NATEP) showcase event to present the results of the two projects.

Sunrise Resources PLC (LON:SRES) said it remains “firmly focused” on developing its CS Pozzolan-Perlite Project in Nevada, US, this year after submitting a plan of operations to regulators. In its results for the six months to the end of March, the group said it is targeting completion of the permitting process for the project in the fourth quarter.

Greatland Gold PLC (LON:GGP) told investors that an exploration survey has extended the range of the exploration target at the Black Hills project in northern Western Australia. The company has completed a ‘high powered, deep sensing induced polarisation’ survey over a chargeability anomaly described as being ‘spatially coincident’ with gold mineralisation that was previously identified at surface.

Tavistock Investments PLC (LON:TAVI) has terminated its strategic alliance with Lighthouse Group PLC (LON:LGT) with immediate effect. The investment and wealth management group said the termination was due to the indefinite postponement of agreed marketing activities as a result of Lighthouse’s takeover by FTSE 250 firm Quilter PLC (LON:QLT).

Bluejay Mining PLC (LON:JAY) said it plans to change brokers after SP Angel unintentionally released information about its full-year results before they were published. The details include that Bluejay expects to report a loss of £10.8mln for the year, compared to a loss of £2.7mln a year ago, after taking a £8.9mln impairment for Finnish exploration assets.

Brady PLC (LON:BRY), the provider of trading and risk management solutions to the energy and commodities sectors, has traded in line with expectations this year.

Quadrise Fuels International PLC (LON:QFI) has pencilled a partnership deal with Saudi Arabia-based investment firm, Al Khafrah Holding Group.

United Oil & Gas PLC (LON:UOG) chief executive Brian Larkin has described himself as delighted as the explorer reported on a “year of considerable progress”. Big Pic in February.

Lombard Odier has conditionally agreed to make another investment in i3Energy PLC (LON:I3E), the independent oil and gas company. Funds managed by Lombard Odier Asset Management will buy £3mln of i3 loan notes, and has also signed up to take £2mln of new shares issued at 37p a pop and warrants to subscribe for £3mln of new shares.

Vast Resources PLC (LON:VAST) has raised £900,000 through an equity sale organised by the company’s broker SVS Securities. The funds will be used to meet the group’s current financing needs in Romania where it is advancing towards production.

Afarak Group PLC said Wednesday that it has made agreements regarding its funding after securing a combination of an off-take agreement for chrome ore and several financing agreements. Under the off-take agreement, the group said it will deliver goods from its South African mines from July 2019 to July 2023 and against these deliveries will receive a prepayment for the goods.

Keywords Studios PLC (LON:KWS), the international technical services provider to the global video games industry, announced that 77,006 new ordinary shares have been issued to the vendors of Fire Without Smoke Ltd. in respect of the non-contingent deferred share consideration due on the first anniversary of the business being acquired.

Ncondezi Energy Limited (LON:NCCL) announced the receipt of a new shareholder loan conversion notice in relation to 1,546,934 new ordinary shares in the company from a lender at a conversion price of 10.0p per share.

Bluejay Mining PLC (LON:JAY) said it plans to change brokers after SP Angel unintentionally released information about its full-year results before they were published.

Tavistock Investments PLC (LON:TAVI) has terminated its strategic alliance with Lighthouse Group PLC (LON:LGT) with immediate effect.

Arc Minerals Ltd. (LON:ARCM) will host a shareholder conference call at 12:30pm UK time on Wednesday 5 June. The call will be hosted by Arc's executive chairman, Nick von Schirnding who will provide an update on the substantial new targets generated from recent exploration activities at the Zamsort copper cobalt project. In addition, von Schirnding will also provide an update on the planned drilling programme. An updated corporate presentation will be made available on the day on the company's website.

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