Film insurance group FFI Holdings PLC (LON:FFI) has received a mandatory takeover offer from Lumiere following its acquisition of chief executive Steve Ransohoff ‘s 30.1% stake. The offer price is 25p per share, a 28% premium to the close on 1 July.
Thor Mining PLC (LON:THR) (ASX:THR) has outlined the next steps for the development of the Jervois Vanadium Project in Australia’s Northern Territory. These include resource drilling at the Casper, RD, and Coco deposits; the drill testing of new targets; and the assessment of the gold, and platinum group element (PGE) potential of property.
Midatech Pharma PLC (LON:MTPH) shares soared on Wednesday after encouraging data from a Phase I trial of its MTX110 treatment. The AIM-listed biotech firm said that the Phase I study, which is evaluating safe dosing levels for MTX110 in humans, had shown that the treatment had been “well tolerated” in the patients treated to date, and as a result a further two higher dose levels had been added to the study on top of the original five.
OptiBiotix Health PLC (LON:OPTI) continues to gain commercial traction for its healthcare products focused on the human microbiome. Its latest deal is with the Japanese group Tenshindo, a manufacturer of functional foods and cosmetics, which has signed a licence deal for the UK group’s Lactobacillus plantarum (LPLDL) bacteria strain.
Anglo African Oil & Gas PLC (LON:AAOG) has drummed up £8.25mln of new funding as it looks to extend one well at its Tilapia project in the Republic of Congo into a potentially prolific deeper layer.
LoopUp Group PLC (LON:LOOP) has said that it continues to see “strong demand” for its conference call services despite a tricky first half afflicted by macro-economic headwinds.
Rainbow Rare Earths Ltd (LON:RBW) is looking to raise at least US$5mln (£4mln) of new cash to invest in increasing production growth at its Gakara rare earth project in Burundi. The AIM-listed company, which will issue shares in an institutional placing at a price of 3p per share, wants US$1.6mln of the cash for mine development and exploration costs to bring additional mining areas into production, with another US$1.8mln to purchase a new mining fleet.
Landore Resources Limited (LON:LNDO) has raised gross proceeds of £250,000 through a share subscription by James Hudleston, an existing investor in the company. The junior gold explorer said the subscription is for 35,714,286 new ordinary shares at a price of 0.7p each. Landore shares closed trading on Tuesday at 0.69p.
US Oil & Gas PLC has raised US$577,295 in a share placing with private investors to fund its drilling operations.
Mineral and Financial Investments Limited (LON:MAFL) announced late afternoon on Tuesday that it has increased its investment in Ascendant Resources Ltd by acquiring 190,000 shares, and now owns 2,242,000 shares, or 2.91% of Ascendant's shares outstanding. Ascendant is a Toronto-based mining company focused on its 100%-owned producing El Mochito zinc, lead and silver mine in west-central Honduras and its high-grade polymetallic Lagoa Salgada VMS Project located in the prolific Iberian Pyrite Belt in Portugal.
Primary Health Properties PLC (LON:PHP) has announced the payment of its third quarterly interim dividend in 2019 of 1.4p per ordinary share. The group said the dividend will comprise a Property Income Distribution (PID) of 0.65p per share and an ordinary dividend of 0.7p per share. The company added that it will be offering a scrip alternative with this dividend.