Argo Blockchain PLC (LON:ARB) has reported “significantly better” trading conditions since early May and has raised expectations for its second quarter on the back of improving prices in the cryptocurrency market.
Sareum Holdings PLC (LON:SAR) chief executive Tim Mitchell said he was “extremely encouraged” by preliminary efficacy data released over the weekend on a drug his company helped to develop. Most eye-catching among the headlines was the impact SRA737 had in harness with a common chemotherapy called gemcitabine in patients with anogenital cancer, where the response rate was 30%.
WideCells Group PLC (LON:WDC) has won its first contract for its new Iconic Labs business and said it was “very close” to completing its restructuring.
Sirius Minerals PLC (LON:SXX) said it has received four conversion notices in respect of the US$106.6mln Guaranteed Convertible Bonds due 2027, which were issued in connection with the company's Stage 2 financing announced on 30 April 2019 and 1 May 2019, and will allot and issue 17,191,975 new ordinary shares of 0.25p each as a result.
i3 Energy PLC (LON:I3E) has announced the successful closing of the £22mln junior loan note facility, announced on 1 March, and the £2mln share placing with funds managed by Lombard Odier Investment Managers, announced on 30 May, which - in combination with the £16mln share placing announced on 12 March - means the company is now funded for its summer 2019 drilling programme.
Avacta Group PLC (LON:AVCT) has said it will go to clinic “well ahead of original plans” with a drug candidate that combines its binding protein technology with chemotherapy. The group's tumour microenvironment activated drug conjugates (TMAC) are a ground-breaking new form of cancer immunotherapy.
Risk management software firm KRM22 PLC (LON:KRM), which floated in April 2018, said its 2018 results represented just the first few steps on its journey, as it seeks to ring increased visibility and lower cost risk management to capital market organisations.
KRM22 PLC (LON:KRM) is “well placed” to consolidate a fragmented risk management market according to analysts at broker finnCap, which on Monday initiated coverage of the AIM-listed firm with a target price of 100p.
SDX Energy PLC (LON:SDX) has been tipped to rise more than 70% as it advances to deliver the South Disouq field in Egypt later this year. Analysts at Peel Hunt today initiated its coverage of the North African oil and gas firm with a ‘buy’ recommendation and a 38p price target, versus the current price of 20.55p.
The executive chairman of hotel group INTOSOL Holdings PLC (LON:INTO), Rainer Spekowius, has said the company will look to add more luxury properties to its portfolio in its current financial year, with a view to expanding beyond the South African market.
Walls & Futures REIT Plc (LON:WAFR) the Ethical Housing REIT, has completed the provision of a £600,000 secured revolving credit facility from a private lender, Monastery Hire and Sales Limited. The group said the facility is set to run for an initial 5-year term, at an interest margin of 3.5% over LIBOR and will be used to finance the acquisition and refurbishment of its pipeline of specialist supported housing, with a fee of 0.1% per annum payable on any undrawn balances.
Applied Graphene Materials PLC (LON:AGM), the producer of speciality graphene materials, has signed a distribution agreement with Carst & Walker (C&W), covering South Africa. C&W SA, part of Hobart Enterprises Ltd, is the market-leading supplier of key additives to the South African paints and coatings industry.
Benchmark Holdings PLC (LON:BMK) said it expects its full-year results to meet market estimates after delivering a 23% rise in adjusted earnings (EBITDA) in the first half. The aquaculture health, nutrition and genetics firm posted adjusted EBITDA of £7.5mln for the first half on revenue of £78.3mln, up 3.4% on a year ago.
Shield Therapeutics PLC (LON:STX) has said it will continue to “robustly defend” its intellectual property after receiving notice that Teva Pharmaceutical Industries Ltd had appealed a ruling by the European Patent Office (EPO) regarding STX’s Feraccru iron deficiency treatment.
Nektan PLC (LON:NKTN has appointed ex-GVC Holdings director Simon Hay as new chief financial officer of the online gaming technology specialist.
Advanced Oncotherapy PLC (LON:AVO) was lifted by positive results from its comparative study on the LIGHT system, the company's proprietary proton accelerator.
Plexus Holdings Plc (LON:POS) has formed a new joint venture vehicle, to be called Plexus Pressure Control (PPC), which will supply surface production xmas trees and wellhead annulus outlet valves. The unit will be majority owned by Plexus and its partner is BEL Valves Limited, a subsidiary of Newcastle based British Engines Group.
Investors in Alba Mineral Resources plc (LON:ALBA) can look forward to the next phase of work at the Brockham field in the coming weeks. Brockham operator Angus Energy has announced that preparatory operations for the second stage of work will start in the week of 17 June.
Mining and stockpiling of ore at the West Kytlim platinum group metals mine owned by Eurasia Mining plc (LON:EUA) commenced in the first quarter of 2019.
Yellow Cake PLC (LON:YCA) has bought and taken delivery of US$30mln worth of uranium.
Richland Resources Ltd (LON:RLD) has extended its convertible loan note facilities to 30 June.
Sunrise Resources PLC (LON:SRES) presented at a symposium in the US last week and reports considerable interest from the audience in its portfolio of unusual minerals.
Chaarat Gold Holdings Ltd (LON:CGH) said an investor has increased its subscription of convertible bonds by US$5mln.
Landore Resources Ltd (LON:LND) has raised £1mln (C$1.72mln) through a placing and subscription of shares at 0.7p each. The new shares represent approximately 11.87% of the company's enlarged issued ordinary share capital.
Cabot Energy PLC (LON:CAB), in its financial results, described 2018 as a year of necessary transition - including and following the appointment of Scott Aitken as chief executive last June. "Despite growing average annual production in Canada by 71% to 703 bopd, enabling a 154% increase in revenues, the board uncovered significant unbudgeted cost overruns,” Aitken said.
Chariot Oil & Gas Limited (LON:CHAR), the Atlantic margins focused oil and gas company, has announced the appointment of Andrew Hockey as an independent non-executive director with immediate effect. It noted that Hockey was a founder of Fairfield Energy Limited with whom he is a non-executive director and was previously a non-executive director and chairman of Sound Energy PLC (LON:SOU).
Echo Energy PLC (LON:ECHO), the Latin American focused upstream oil and gas company, announced that, having supported her successor as CEO through the planned transitionary period, Fiona MacAulay is stepping down from the board as a non-executive director with immediate effect.
G3 Exploration Ltd. (LON:G3E) is pleased to announce that it has appointed VSA Capital Limited as joint corporate broker to the Company with immediate effect.
Europa Oil & Gas (Holdings) PLC (LON:EOG), the UK and Ireland focused oil and gas exploration, development and production company, said it has completed the sale of its 20% interest in the UK onshore PEDL143 exploration licence to AIM listed UK Oil & Gas PLC (LON:UKOG) for a consideration of £300,000, satisfied through the issue of 25,951,557 UKOG shares.
Union Jack Oil PLC (LON:UJO), a UK focused on-shore hydrocarbon production, development and exploration company also confirmed that, further to its announcement dated 16 April, it has now completed the sale of its 7.5% interest in PEDL143 to UK Oil & Gas PLC (LON:OKOG).
EQTEC Plc (LON:EQT), the technology solution company for waste gasification to energy projects, has announced a £0.2mln drawdown under the £3.5mln loan facility with Altair Group Investment Limited it announced on 22 January 2019. The group said a balance of £0.679mln remains available to be drawn down under the loan facility. It added that the drawdown will allow the company to focus its resources on achieving contract execution and these funds will be used for working capital purposes in line with this objective.
Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA), the rare earths development company currently completing a Feasibility Study for the advanced stage Songwe Hill project in Malawi, announced the exercise of warrants over 878,030 common shares without par value at an exercise price of 6.6p each, for an aggregate consideration of £57,950.