Proactive news snapshot: Taptica, HemoGenyx Pharmaceuticals, IronRidge Resources, Sirius Minerals…

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

Your daily round-up from the world of Proactive

Taptica International Ltd (LON:TAP) rallied on Wednesday after it provided background on the lawsuit filed by Uber Technologies Inc. (NYSE:UBER), announced on Tuesday, and said it is considering a further share buy-back programme.

HemoGenyx Pharmaceuticals PLC (LON:HEMO) says pre-clinical trials in animals indicate its CDX antibody is effective as a conditioning therapy in bone marrow transplants. Conditioning is a pre-requisite for a transplant but it is extremely toxic and has severe side effects, which reduces the number of people eligible.

IronRidge Resources Ltd (LON:IRR) has confirmed the completion of its acquisition of the Vavoua Projects, giving the company a highly prospective gold exploration portfolio in Cote d'Ivoire. The acquired assets - 100% of the share capital of Marlin Minerals, Booster Minerals and CAPRI Metals - are located in the vicinity of the Abujar project which hosts 1.73mln ounces.

Sirius Minerals PLC (LON:SXX) has unveiled a new supply deal with a customer in India, further boosting its contracted sales ahead of its mine start-up. The deal, described as a ‘major take or pay’ agreement, sees Indian Farmers Fertilisers Cooperative Limited (IFFCO) take significant volumes of the POLY4 fertiliser product over an eleven year term.

Internet hardware specialist Ethernity Networks PLC (LON:HZM) expects to start generating cash from 2020 as momentum builds for its new generation of modules. Ethernity’s technology helps servers run much faster through the efficient 'offloading' and rerouting of internet traffic.

IQ-AI Limited’s (LON:IQAI) subsidiary, Imaging Biometrics (IB), has signed a non-exclusive business development and sales deal with brain analysis firm CorTechs Labs.

Sativa Investments PLC (LON:SATI) has said its current financial year has begun well, with 2019 first quarter revenues exceeding total revenues in the group’s first year of trading.

StatPro Group PLC (LON:SOG) has strengthened its index and benchmarks offering in the growing area of environmental, social and governance (ESG) with a €2.9mln (£2.6mln) acquisition on Wednesday.

Afarak Group PLC (LON:AFRK) plans to scale back production at its Mogale operations in South Africa amid weak ferrochrome markets. Ferrochrome prices have been falling, in part due to concerns surrounding an ongoing trade dispute between the US and China.

Secure payment products and customer contact solutions, Eckoh PLC (LON:ECK), reported a 7% increase in annual profit after record levels of new business and contract renewals lifted revenue.

Live Company Group Plc (LON:LVCG) has signed a touring agreement with the UK arm of children’s television network Nickelodeon.

Galileo Resources PLC (LON:GLR) said that its 34%-owned Glenover rare earths project was “well placed to benefit” as prices of the minerals are boosted by the standoff between China and the US.

Landore Resources Ltd (LON:LND) has kicked off a drill programme for the BAM gold deposit, at the Junior Lake property in Ontario, Canada. The company will drill a total of 4,500 metres to infill and extend the deposit’s current 951,000 ounce resource.

Echo Energy PLC (LON:ECHO) could be worth nearly 100% more than current levels as it advances the ‘company maker’ Tapi Aike exploration prospect in Argentina, that’s according to Shore Capital.

Arc Minerals Ltd (LON:ARCM) has kicked off its initial 7,500-metre drilling programme Zamsort/Zaco, the company's copper projects in Zambia. Two diamond drill rigs will test the large Cheyeza anomaly as well as the Lumbeta and Muswema targets.

Keywords Studios PLC (LON:KWS) has acquired Vancouver-based audio description provider Descriptive Video Works Inc (DVW) from its founder Diane Johnson for around £1.9mln (C$3.2mln).

Greatland Gold PLC (LON:GGP) told investors it has begun preparations for a drill programme at the Firetower gold project in Tasmania. The company plans to drill 15 holes, for a total of 2,000 metres, to test the centre of the chargeability anomaly at Firetower and additional drilling will test the previously undrilled Firetower East area.

Premier African Minerals Limited (LON:PREM) has published a shareholder update from Circum Minerals Limited, in which it holds around 5mln shares. In the update, Circum said various parties were in the process of due diligence for a potential sale or development agreement of its Danakil potash project in Ethiopia and that the process was expected to conclude by the end of the year.

Summit Therapeutics PLC (LON:SUMM) has reported a reduced loss for its first quarter and increased its cash reserves. For the three months ended 30 April 2019, the AIM-listed firm reported an operating loss of £4.8mln, down from £6.6mln a year ago.

Eden Research PLC (LON:EDEN) unveiled the key appointment of Rob Cannings to a new role of Commercial Director for the biopesticide products company with immediate effect. Most recently, it pointed out, Cannings served as Commercial Director at Plant Health Care with responsibility for Europe, the Middle East, Africa and Asia.

Corero Network Security PLC (LON:CNS) has appointed tech industry veteran Michael Connolly as its US-based Vice President Worldwide Sales. The group pointed out that Connolly has over 25 years' experience in the technology industry with significant expertise in leading global sales functions.

Galantas Gold Corporation (LON:GAL) (TSX-V:GAL) has announces the death of its non-executive chairman, Lionel John (Jack) Gunter. It noted that Gunter led the discovery of the Omagh gold deposits in Northern Ireland, currently in development by the company, and although not actively engaged in management for many years, said his guidance and support as a director and chairman was much appreciated by his colleagues. The company added that its board will appoint a new chairman in due course.

Amphion Innovations PLC (LON:AMP) reassured investors on Wednesday that it was working closely with its debt provider to find a resolution to the terms of its loan. Big Pic in March.

Avacta Group PLC (LON: AVCT), the developer of Affimer biotherapeutics and reagents, announced that its chief scientific officer, Dr Amrik Basran, will be presenting at the Next Generation Protein Therapeutics & Bioconjugates conference in San Francisco, California on 19 June 2019. It said Dr Basran's presentation, 'Affimer Therapeutics: A Novel Human Scaffold for the Generation of Bi-specific Molecules', will give an overview of the benefits of using Affimer technology to generate bispecific drug molecules.

MaxCyte Inc. (LON:MXCT), the global clinical-stage, cell-based therapies and life sciences company, announced the appointment of Numis Securities as its joint corporate broker with immediate effect. It said Panmure Gordon will continue to act as the company's nominated adviser and joint corporate broker.

African Battery Metals Plc (LON:ABM) said it was today notified that Value Generation Limited, a company beneficially owned by its executive director, Paul Johnson, has purchased 1,000,000 ordinary shares in the company at a price of 0.435p each. Following this purchase, the group added, Johnson has a beneficial interest in a total of 17,250,000 shares, representing approximately 4.75% of the company’s issued share capital.

Aminex PLC (LON:AEX) said it will be making a short presentation to shareholders at its Annual General Meeting in Dublin today, Wednesday 12 June, a copy of which presentation will be available on the company's website.


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