Union Jack Oil PLC (LON:UJO) has raised £2.25mln as it works to follow up the West Newton appraisal success with an extended well test. It is selling 1.32bn new shares priced at 0.17p each in a share placing arranged by broker SP Angel.
Diagnostics group Oncimmune PLC (LON:ONC) has signed an exclusive distribution agreement in the US for its early stage lung cancer test. The exclusive agreement with US group Biodesix is worth US$28mln over five years and will also see the two companies work together to develop further the EarlyCDT test in both the US and elsewhere.
Turkey-focused gold miner Ariana Resources PLC (LON:AAU) is looking at adding other commodities to its portfolio. The AIM company wants to diversify its business and explore commodities that are associated with emerging technologies.
ImmuPharma PLC’s (LON:IMM) flagship lupus drug has confirmed its “outstanding and robust safety profile” in a six-month extension study. The follow-up study was designed to evaluate Lupuzor’s safety and tolerability, and the drug passed with flying colours, with no serious adverse events reported.
Westminster Group PLC (LON:WSG) noted the formal opening of the new Tema Port facility in Ghana and said negotiations are proceeding, with draft contracts now exchanged regarding a contract to manage, operate, maintain and upgrade, as necessary, the container screening services at this new port.
Norman Broadbent Plc (LON:NBB) has cut its annual losses in half after its revenues for 2018 reached their highest level in over 10 years. In its results for the year ended 31 December 2018, the recruiter reported a pre-tax loss of £700,000, 54% lower than the prior year, while revenues increased by 44% to £9.4mln. Big Pic in June.
Shares in rare and orphan drug consulting platform Open Orphan PLC (LON:ORPH) have started trading on AIM today. The company was known as Venn Life Sciences until corporate financier Cathal Friel reversed his Open Orphan business into it as part of a £5.7mln all-paper deal.
AppScatter Group PLC (LON:APPS) has pushed back publication of its half-year results due to an independent valuation of last year’s acquisition Priori. Intellectual property and data assets owned by Priori are to be included as they are a material part of the business, said the app management specialist.
W Resources PLC (LON:WRES) has almost completed construction of the expanded ore processing system at its La Parrilla tungsten and tin mine in Spain, where mining is already up and running.
Mkango Resources Ltd (LON:MKA) told investors that it now intends to start exploration work at the Thambani uranium project, following the termination of a heads of terms agreement with MetalNRG. The MetalNRG tie-up was agreed in April and it envisaged that the parties would’ve entered in a transaction agreement on or before 30 June
Advanced Oncotherapy PLC (LON:AVO) remains on track to treat the first cancer patient at its Harley Street facility by the end of 2020.
Gaming Realms PLC (LON:GMR) is targeting development of its Slingo brand as well as international distribution and US expansion for 2019. In an outlook statement accompanying its full year results, the company said it would develop and licence mobile-focused games under the Slingo brand while international distribution would increase income from its game portfolio.
Providence Resources PLC (LON:PVR), in its financial results statement, highlighted that it has continued to progress its Irish asset base despite “encountering increased regulatory and political headwinds”.
Simec Atlantis Energy Limited (LON:SAE) is to receive £5mln in cash as compensation for the collapse of its planned acquisition of Scottish hydro group GHR. The tidal power group will also receive a £2mln interest-free loan from vendor SIMEC, which is the group’s controlling shareholder.
Matthew Idiens is to step down from his position at Rose Petroleum PLC (LON:ROSE) once the company has completed its current transitional period. Rose, in a statement, said that it continues to evaluate roles and needs at the executive and board levels, as it appointed Rick Grant as non-executive director.
EQTEC PLC (LON:EQT) has raised £750,000 in a share placing and managed to agree to a “comprehensive restructuring” of its debts. In a separate announcement, EQTEC reported that for the year ended 31 December 2018 it had made a loss including one-off items of €8.2mln, while revenues came in at around €2.2mln.
Pre-revenue gold mine developer ECR Minerals PLC (LON:ECR) said the last nine months or so have been marked by a series of exciting developments at its Australian projects.
Wishbone Gold PLC (LON:WSBN) increased precious metals trading revenues 30% last year and hailed the new valuation of exploration assets in Australia at higher than their carrying value.
W Resources (LON:WRES) has almost completed construction of the processing system at its La Parrilla tungsten and tin mine in Spain, where ore production is already up and running.
Galantas Gold Corporation (LON:GAL, CVE:GAL) said all resolutions were passed at its annual general meeting, including the election of David Cather, the former Avocet Mining CEO, as a non-executive director.
G3 Exploration Ltd (LON:G3E) said it remains committed to concluding the demerger of Green Dragon Gas, which it had hoped to get done and dusted by the end of this month.
Sareum Holdings PLC (LON:SAR), the specialist small molecule drug development business, said that subsequent to the successful closing of its recent fundraising, the company has raised a further £100,000 at 0.4p per ordinary share from an institutional investor which participated in the placing. The group said that total gross proceeds of the fundraising have therefore increased to £781,484, with the net proceeds to be used to progress the company's TYK2/JAK1 drug development programmes as well as for working capital purposes.
Ceres Power Holdings PLC (LON:CWR) shares surged on Friday after City broker Liberum said the fuel cell specialist’s shares are worth almost double their current value. The AIM company’s shares were up almost 4% to 171.5p in morning trading, although that is still well short of the 300p Liberum thinks they are worth.
Eden Research PLC (LON:EDEN), the AIM-listed biopesticide products developer announced that its chairman, Lykele van der Broek has purchased 358,500 ordinary shares in the company at an average price of 10.94p each. It said that, following the transaction, van der Broek is now interested in 358,500 ordinary shares representing 0.17% of the company's issued share capital.
PCG Entertainment Plc (LON:PCGE) (AQSE:PCGE) said discussions are continuing regarding potential acquisitions as it announced that its shares will cease to be traded on AIM as the company has failed to appoint a replacement NOMAD. The firm added that its shares will continue to be traded on the NEX Exchange and trading will recommence on Monday July 1. It also announced the appointment of First Sentinel Corporate Finance Limited as its NEX Corporate Adviser with immediate effect.
Malvern International PLC (LON:MLVN) pointed out that it had expected to announce its results for the year ended 31 December 2018 yesterday but said it continues to endeavour to finalise these results as soon as possible and will make a further announcement in due course.
Physiomics Plc (LON:PYC) has won a contract to supply its software to Bicycle Therapeutics PLC (Nasdaq:BCYC). The AIM-listed company’s Virtual Tumour software will be used to simulate how cancerous tumours are affected by Bicycle's therapeutic compounds in an immune-oncology setting.
Thor Mining PLC (LON:THR) investee company Hawkstone Mining Ltd (ASX:HWK) has reported positive assay results from drilling at the Big Sandy lithium clay project in Arizona, US. The miner started a 37-hole phase two diamond drill programme in February to test the lateral extent of clay hosted lithium mineralisation within the northern mineralised zone.
South Africa's BlueRock Diamonds PLC (LON:BRD) sold 71% more carats from its Kareevlei mine last year as the opening up of a new section led to a strong improvement of average grades.
Premier African Minerals PLC (LON:PREM) has received payment from the Zimbabwe government to restart production at the RHA tungsten mine, but in local currency not US dollars. The junior confirmed it has received six million RTGS dollars from the Reserve Bank of Zimbabwe – the RTGS dollar is the country’s sole legal tender.
Alba Mineral Resources plc (LON:ALBA) has relayed an update from the operator of the Brockham oil project, where there have been problems with the BR-X4Z borehole. Angus Energy in a statement revealed that, following analysis, it is extremely unlikely that commercial hydrocarbon flows can be established in the Kimmeridge layer via the BR-X4Z borehole using a conventional approach.
Ncondezi Energy Ltd (LON:NCCL) said it is on the verge of finalising its long-awaited joint development agreement with power industry giants China Machinery Engineering Corporation (CMEC) and General Electric South Africa as it posted full-year results.
Anglo African Oil & Gas PLC (LON:AAOG) highlighted continuing progress with the Tilapia field in the Republic of the Congo as it posted results for the 12 months ended 31 December 2018, though the group’s notable achievements with the TLP-103C well have come in the current financial year.
In a separate announcement, Anglo African O&G also said it had today received a further cash payment of approximately US$850,000 from Congolese national oil company Societe Nationale des Petroles du Congo (SNPC) in relation to reimbursement for the costs of drilling well TLP-103C and development undertaken by the company of the Tilapia licence area.
Anglo African Oil & Gas also announced that its executive chairman, David Sefton will be presenting at an investor evening hosted by Turner Pope Investments on Wednesday 3 July 2019, in London, EC2, which will commence at 4pm.
Integumen PLC (LON:SKIN) announced that it has received notification from holders to exercise warrants over 7,631,868 shares in the company for an aggregate cash value consideration of £73,714.28.
RiverFort Global Opportunities PLC (LON:RGO) has said it is well placed to deploy its “substantial” cash balance and grow its portfolio following a strong jump in its net asset value (NAV) in 2018.
Nektan PLC (LON:NKTN), the fast growing, international gaming technology platform and services provider, has announced the appointment of Shore Capital and Corporate Limited as its nominated adviser and Shore Capital Stockbrokers Limited as joint broker, with immediate effect. This follows the acquisition of Stockdale Securities Limited by Shore Capital Market Limited.