Proactive news snapshot: Tekcapital, Quadrise Fuels International, Sareum Holdings …

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

Your daily round-up from the world of Proactive

Tekcapital PLC (LON:TEK) told investors that its portfolio company Salarius Ltd has completed a follow-on order for MicroSalt with an American snack food company. Salarius has developed MicroSalt which is a proprietary salt comprising micron-size salt particles that dissolve in the mouth significantly faster than regular salt. It creates a higher sensation of saltiness with much less salt. Big Pic in February.

Quadrise Fuels International PLC (LON:QFI) told investors it has inked a services agreement with Aleph Commodities Ltd which will provide services to the company in the use of the MSAR technology in the Kingdom of Saudi Arabia (KSA). Big Pic this week.

Sareum Holdings PLC (LON:SAR), the specialist small molecule drug development business, has hailed the recent progress of its clinical and pre-clinical programmes. Following last week’s announcement of preliminary efficacy data for SRA737, a cancer drug it helped to develop, the company provided the market with an update on other developments within its active pre-clinical portfolio. Big Pic in February.

Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) has demonstrated the economic potential of its Lake Way Project through a scoping study for the commercial-scale development of its Western Australian sulphate of potash (SOP) project. The study was based on the mineral resource estimate for Lake Way reported in March, amounting to 8.2 million tonnes of SOP calculated using drainable porosity and 73 million tonnes using total porosity. Big Pic in February

Thor Mining PLC (LON:THR) (ASX:THR), in response to a price query from the Australian Securities Exchange, confirmed that it was not aware of any information which could explain the recent movement in the price of the company's ordinary shares on ASX.

Iodine producer Iofina PLC (LON:IOF) plans to move into the production of cannabidiol (CBD) oils after receiving conditional approval for a licence to process hemp in Kentucky, US. Big Pic in March.

Europa Metals Ltd (LON:EUZ) told investors that the first hole in the drill programme at the Toral lead-zinc-silver project, in Spain, has been terminated early and its contractor has now begun the next hole. The first hole, tagged TOD-021, was terminated at the company’s instruction due to a substantial deviation in trajectory, away from the targeted zone. 

Midatech Pharma PLC (LON:MTPH) has finalised a development plan for its MTD201 Q-Octreotide product. Big Pic in May.

Seeing Machines Ltd’s (LON:SEE) has won four new commercial fleet contracts for its driver-monitoring technology via its New Zealand distributor in recent months. Big Pic in February.

accesso Technology Group PLC (LON:ACSO) has signed a three-year partnership with The New York Botanical Garden (NYBG) to supply its Passport, Siriusware and Ingresso products. Big Pic in March.

Live Company Group Plc (LON:LVCG) has inked a deal to supply BRICKLIVE interactive brick-based content for an event to be held in Holon, Israel. Big Pic in March.

Taptica International Ltd (LON:TAP), the advertising technologies and performance-based mobile marketing group, has made rapid progress on its integration with recently acquired RhythmOne. Big Pic in April.

Scancell Holdings PLC (LON:SCLP) has raised £3.88mln via a placing with a single investor to help fund the progression of its lead asset into clinical trials. Big Pic in May.

ValiRx Plc (LON:VAL) has raised £300,000 through a share placing to address its immediate working capital needs and to develop key drugs. The group also expects to shortly receive £150,000 in proceeds from the sale of an unlisted security along with a research and development tax credit of £400,000 from the HMRC in July. Big Pic in May.

Mineral & Financial Investments Ltd (LON:MAFL) has announced it has taken an interest in Golden Sun Resources Limited, a group that’s advancing the Costa Rica based Bellavista mine into production later this year. It has purchased US$250,000 of Golden Sun’s ‘Series B’ convertible debt. Big Pic in March.

Ariana Resources PLC (LON:AAU) has had its target price increased to 3.18p from 2.82p by analysts at Panmure Gordon while also retaining its status as the only small-cap miner with a ‘buy’ rating from the broker.

Benchmark Holdings PLC (LON:BMK) has confirmed that, further to its announcement of 3 June 2019, the company today successfully completed a new senior secured floating rate listed bond issue of Nkr850mln (US$95mln equivalent). The group said the bond issue, which will refinance Benchmark's existing $90m credit facility, was significantly oversubscribed and marks the company's entry into the Nordic region debt and securities market, which is globally recognised for its investment in aquaculture, providing it with access to a sector specialist investor base.

Pembridge Resources PLC (LON:PERE) revealed in a corporate update on Wednesday that it has received an additional £450,000 in subscriptions at 16p per ordinary share within existing shareholder authorities, which concludes the company's non-brokered private placement.

Cabot Energy PLC (LON:CAB) announced that SP Angel Corporate Finance is now the company's sole broker with immediate effect and remains the company's nominated adviser. Scott Aitken, Cabot’s chief executive officer, commented: "I would like to thank our previous joint broker GMP FirstEnergy for their services and the support they have provided to Cabot Energy over the years."

Diversified Gas & Oil PLC (LON:DGOC) said it will pay a dividend in respect of the first quarter to 31 March 2019 of 3.42 US cents per share (Q1 2018: 1.725 US cents). The group said the dividend will be paid on 27 September 2019 to those shareholders on the register on 6 September 2019.

Afarak Group PLC (LON:AFRK) has reassured investors that its decision to scale back production at its Mogale operations in South Africa would not affect its planned share buy-back or financing.


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