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Proactive snapshop: SigmaRoc, Midatech Pharma, Integumen

A selection of company updates from the Proactive newswire on Wednesday

Midatech Pharma PLC -

SigmaRoc PLC (LON:SRC) has agreed to buy Belgian rock quarrying firm Stone Holdings in a deal valued at €2.2mln including debt, as well as taking up an option to buy a quarrying firm in South Wales.

Midatech Pharma PLC (LON:MTPH) shares surged after the biotechnology firm said it had received a €6.6mln grant from the Spanish government for its cancer drug manufacturing facility in Bilbao.

Integumen PLC (LON:SKIN) reported a sixfold jump in revenues for the first half of the year alongside a reduction in losses.

Pan African Resources plc (LON:PAF) said full-year earnings per share from continuing operations are likely to have grown 124%-134%.

ECSC Group PLC (LON:ECSC) narrowed losses in the first half, while sales in its consulting arm continued to grow into the second half. Into the second half of the current year, ECSC said it had seen record levels of consulting bookings across its third quarter and into the fourth as well as record revenues in July.

Woodbois Limited (LON:WBI) increased gross profits 83% and cut total losses by a third in the first half of the year and says the next target is to become cash-flow positive.

Eland Oil & Gas PLC (LON:ELA) has, alongside its interim results, revealed the initial results of the Gbetiokun-4 development well. Following the completion of drilling and an early analysis the company told investors that Gbetiokun-4 has exceeded pre-drill expectations.

Kibo Energy PLC (LON:KIBO) has renewed the water rights for its planned Mbeya coal power (MCCP) project in Tanzania.

Chaarat Gold Holdings Limited (LON:CGH) has received US$9.5mln in cash as part of a loan upsizing, while also updating on the financing of its Tulkubash gold project in the Kyrgyz Republic.

Solo Oil PLC (LON:SOLO) has teamed up THREE60 and NRG Well Management with the two new partners coming on board to provide operational capability as it implements its strategy.

Futura Medical PLC (LON:FUM) chief executive James Barder said the company’s team is speaking to key opinion leaders in the field of erectile dysfunction ahead of publishing headline data on MED2005 later this year. The financials revealed the company had £5.63mln as at the end of June, while it picked up a £1.36mln research and development credit in August.

Grit Real Estate Income Group Limited (LON:GR1T) is seeking shareholder permission to issue up to 280mln new shares to support its growth aspirations.

Technology and software investment firm KRM22 PLC (LON:KRM) has begun talks with strategic investors to help fund the next phase of growth as it continues to experience strong demand for its products.

88 Energy Ltd (LON:88E, ASX:88E) has launched a A$10mln equity funding with the cash earmarked for the ongoing evaluation of both conventional and unconventional prospectivity across its acreage in Alaska.

Anglo African Oil & Gas PLC (LON:AAOG) is looking to book a drilling slot for November for Tilapia in the Republic of Congo as it begins for re-entry using wireline tools.

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