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Proactive news snapshot: Eurasia Mining, AFC Energy, IXICO, BlueRock Diamonds …

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

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Your daily round-up from the world of Proactive

Eurasia Mining PLC (LON:EUA) shares jumped higher on Monday, recouping some of Friday's falls, after the firm’s chairman Christian Schaffalitzky said the group’s directors “believe the Company is in a strong financial position going forward". The producer of palladium, platinum, iridium, rhodium and gold in Russia said it received notification from holders on Friday that warrants over 16.05mln ordinary shares had been exercised at a price of 0.53p each. The consideration for the exercise amounted, in aggregate, to a cash value of £85,000.

AFC Energy PLC (LON:AFC) said its hydrogen-powered 72kWh, off-grid electric vehicle charging system is on target for commercial launch in December. The fuel charger will target multi-user sites such as fleet operators, car parks, shopping centres and other off-grid applications and can be readily scaled up to 288kWh through an increase in the integrated energy storage capacity. Elsewhere, AFC has signed an agreement with an international manufacturing group to assess an ammonia-to-power off-grid platform.

IXICO PLC (LON:IXI) has secured three new bio-pharma contracts while also announcing the appointment of a new chief business officer. The AIM-listed company, which uses artificial intelligence to enhance brain scans and help pharma companies treat illnesses such as Alzheimer’s, says it has signed a start-up agreement with a new client, valued initially at £400,000, for a multi-study into Progressive Supranuclear Palsy, an uncommon brain disorder that causes problems with walking, balance and eye movements.

BlueRock Diamonds PLC (LON:BRD) has sold a 20.72-carat gem-quality diamond for US$236,000 in its October tender. In an update on Monday, the miner said this is the highest amount it has ever received for a single stone, outshining its previous record for the sale of a 24.8 carat stone for US$190,000 in June.

Rockfire Resources PLC (LON:ROCK) has completed a programme of reverse circulation drilling at the Plateau gold deposit in Queensland, Australia. One of the highlights was a 215 metre hole which encountered an extensive sulphide zone within a large-scale chargeable IP anomaly. The zone occurs between 74 metres and 215 metres downhole, and averages 5-10% sulphides.

Benchmark Holding PLC (LON:BMK) said it will soon receive the second and final tranche worth US$8.75mln under the terms of the dissolution of its joint venture with salmon farmer AquaChile. In all it was due US$16.25mln and the UK aquaculture specialist takes full control of a breeding operation in the Chile’s Los Lagos region previously belonging to the JV. The AquaChile deal was unpicked after its local partner was taken over.

Kodal Minerals PLC (LON:KOD) has raised £250,000 to plug a funding gap following the collapse of stockbroker SVS Securities. The mineral miner said it had raised the funds through the placing and subscription of 250mln new shares at 0.05p each, a 17% discount to its close price last Friday, as well as the placing of another 250mln shares at the same price that had originally been allotted to SVS after a fundraising in July.

Berkeley Energia Ltd (LON:BKY)(ASX:BKY) continued to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine during the quarter to the end of September. In its latest quarterly report, the company said its representatives recently met and had constructive dialogue with officials from the Ministry of Ecological Transition, the Regional Government of Castilla y Leon, and the Nuclear Safety Council. Berkeley Energia also plans to recruit a suitably qualified Spanish national for the role of managing director and chief executive.

Haydale Graphene Industries PLC’s (LON:HAYD) chief financial officer, Laura Redman-Thomas, has resigned from the company to take up a new role. The graphene materials developer said Redman-Thomas will remain with the company until 22 November to ensure an orderly handover, while a search for a replacement was currently underway.

Chaarat (LON:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, said it has been informed that Labro Investments Limited, in which the company's chairman Martin Andersson is indirectly beneficially interested in the majority of shares, purchased 25,000 Chaarat shares on the market at an aggregate share price of 38p each on 24 October 2019 and 103,500 Chaarat shares on the market at an aggregate share price of approximately 38.3p each on 25 October 2019. Following this purchase, it added, Labro Investments Limited holds 146,201,196 shares, representing 33.12% of the issued share capital of the company.

Midatech Pharma PLC (LON:MTPH) (NASDAQ:MTP), an R&D biotechnology company focused on delivering innovative oncology and rare disease products to patients, announced the closing of its previously announced registered direct offering of 3,000,000 of its American Depositary Shares (ADSs), which each represent 20 of the company's ordinary shares at a purchase price of US$1.00 each - equivalent to 3.9p per new ordinary share. Additionally, the company said, in a concurrent private placement with an investor, the company issued unregistered warrants to purchase up to 3,000,000 ADS’s with an exercise price of US$1.25 per ADS (equivalent to 4.8p per new ordinary share). The net proceeds to Midatech from the offering are expected to be approximately US$2.5mln (£2.0mln), after deducting the placement agent's fees and other estimated offering expenses.

Location Sciences (LON:LSAI), the leading location data verification company, announced that it will be attending Mello London 2019, an investor conference that will take place on Tuesday 12th and Wednesday 13th November 2019 at the Clayton Hotel Chiswick, Chiswick High Road, London W4 5RY. The firm said its CEO, Mark Slade will be presenting to delegates on both days, outlining the market opportunity for Verify; Location Sciences' proprietary location verification platform. Mark Slade commented: "Recent customer wins, including Blis and Vicinity Media, have further demonstrated our value in the market and the Board believes that it is only a matter of time before Verify is more widely adopted.”

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