Proactive snapshot: Solo Oil, Capital Drilling, OptiBiotix Health

A look at some of the top stories from the Proactive newswire on Wednesday

Solo Oil PLC -

Solo Oil PLC (LON:SOLO) has unveiled a series of major changes including a €32.1mln asset acquisition, constituting a reverse takeover, new management and a rebrand.

Capital Drilling PLC (LON:CAPD) has won a five-year contract with Allied Gold to provide a full range of mining services at the Bonikro Gold Mine in The Ivory Coast, the first time it has taken full control of operations at a mine.

Falcon Oil & Gas Ltd’s (LON:FOG) exciting Australian shale gas project is now back actively underway, with the start of new drilling in the Beetaloo basin.

Rainbow Rare Earths Ltd (LON:RBW) is targeting production of 10,000 tonnes per annum of rare earth concentrate at its Gakara mine in Burundi.

Erris Resources PLC (LON:ERIS) has received four new exploration permits for gold prospects in Norway, and has completed soil sampling, a magnetic drone survey and fieldwork at the Sakiatieva Project in northern Finland.

Faron Pharmaceuticals Oy's (LON:FARN) Clevegen cancer treatment has shown its safety credentials in its initial clinical trials.

Tharisa PLC (LON:THS) upped production in its latest quarter as benefits from a restructuring of its platinum and chrome mine in South Africa started to come through.

Ncondezi Energy Ltd (LON:NCCL) has announced the promotion of Hanno Pengilly from chief development officer to chief executive as the company looks to progress its key project in Mozambique.

Alba Mineral Resources plc’s (LON:ALBA) Horse Hill stablemate UK Oil & Gas PLC (LON:UKOG) has this morning reported that “simultaneous drilling and test production operations” have been successfully implemented at the English oil project.

OptiBiotix Health PLC’s (LON:OPTI) LPLDL probiotic has been granted ‘generally recognised as safe’ (GRAS) status by the US Food and Drug Administration (FDA).

Metal Tiger Plc (LON:MTR) confirmed it is to receive 6.3mln new shares in Sandfire Resources (ASX:SFR) after the approval of the takeover of MOD Resources and ratification by the Supreme Court of Western Australia.

Salt Lake Potash Ltd (ASX:SO4) is in a trading halt pending news regarding completion of a bankable feasibility study for the Lake Way Sulphate of Potash Project in WA’s northern Goldfields region.

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