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Proactive news snapshot: EQTEC, Integumen, accesso Technology, Avacta …

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

EQTEC PLC (LON:EQT) has inked an agreement to develop a 1.18 megawatt (MW) biogas power plant in the commune of Gratens in France. Under the €5.5mln (£4.7mln) commercial agreement with French group Biomasse 31, EQTEC’s first in the country, it will provide the technology, equipment and services required to construct the plant.

Integumen PLC (LON:SKIN) provided 2020 revenue guidance of £4mln as it unveiled a deal to deliver artificial intelligence software to clients of Parity Group, the data and people specialist. The Drive4Growth partnership will provide Integumen access to Parity's National Health Service, central government and private institutional client base, the company said.  And it creates the opportunity to cross-sell its intelligent data management services driven by its Rinodrive technology, it added.

accesso Technology Group PLC (LON:ASCO) is continuing discussions with several parties over a potential sale of the business. In a brief update on Tuesday, the electronic queuing and e-ticketing specialist said it has received “refreshed indications of interest over the last several months” and the interested parties were still engaged in financial and operational due diligence.

Avacta Group PLC (LON:AVCT) has taken an “important step” towards further “substantial” milestone payments from the drug development arm of the Korean giant LG by expanding its partnership. The latest update reveals that LG Chem has now nominated two further prospective treatments that will use the UK group’s technology. Avacta chief executive Alastair Smith said the first LG drug programme had made “excellent progress”, and was upbeat on the expanded collaboration.

Xpediator PLC (LON:XPD) has appointed a new chief financial officer, Robert Ross, who will take up his post on 1 January. In a statement, the AIM-listed provider of freight management services said Ross is replacing Richard Myson, who has been at the company for 15 years and will become the group's chief commercial officer. Ross is currently finance director of Europa Worldwide Group, a transport and logistics company with £175mln annual revenues, and previously held several management roles at Big Four auditor PwC.

Arc Minerals PLC (LON:ARCM) has unveiled plans to sell its entire 99.43% interest in Casa Mining Limited to Canadian private equity group, Century Capital Management Ltd for a total consideration of up to US$9.8mln. In a statement, the company said the initial consideration will comprise a cash consideration of US$1.8mln and will have a significant positive impact on Arc's cash and balance sheet position.

Caledonia Mining PLC (LON:CMCL) has shrugged off power outages in Zimbabwe to lift production at the Blanket mine by 7% in its latest quarter. Production in the three months to September was 13,646 ounces of gold as output rose in the second six weeks as Caledonia used generators it has installed at the gold mine to keep operations running.

Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) chief executive Gil Holzman said the explorer is “very confident of the potential” of its Guyana joint venture as it updated investors on the latest findings of analysis from its two new offshore discoveries. The Jethro-1 and the Joe-1 wells, drilled in August and September, continue to be analysed and fluid samples are presently in the lab. Initial results, meanwhile, indicate that both discoveries comprise mobile heavy crudes which are said to be “not dissimilar” to the commercial heavy crudes in the North Sea, Gulf of Mexico, Brazil, Venezuela and Angola.

Bushveld Minerals Limited (LON:BMN) has made a second investment through its newly established vanadium battery OEM platform. Subsidiary Bushveld Energy is leading a consortium to acquire Austrian group Enerox from CellCube Energy Storage for €11mln. Based in Wiener Neudorf, Austria, Enerox is one of the world's foremost makers of vanadium redox flow batteries (VRFB).

Horizonte Minerals PLC (LON:HZM) (TSX:HZM) has highlighted another quarter of good progress at its projects in Brazil. At its flagship Araguaia project, mine financier Orion is to provide US$25mln for a 2.25% royalty on the first 426,429 tonnes of contained nickel within the final product (ferronickel) produced and sold. Horizonte also published a first resource for the Serra do Tapa nickel deposit that sits 90km to the north-west of Araguaia. In the Measured and Indicated category, Serra do Tapa contains 70.3mln tonnes grading 1.22% nickel, which has boosted Horizonte’s total tonnage by 30%.

Collagen Solutions PLC (LON:COS) has decided to streamline its board of directors by reducing its size from eight to six members as it enters its next phase of growth. In an update on Wednesday, the manufacturer of biomaterials and regenerative medicines said that its chief business officer, Lou Ruggiero, and chief operating officer, Tom Hyland, will resign from the board of directors. This will leave the chief executive officer Jamal Rushdy and chief financial officer Hilary Spence as the only two executive directors on the board, and reduce the entire size from eight members to six.

Sound Energy PLC (LON:SOU) has told investors that Mohammed Seghri, its current managing director for Morocco, will be appointed as interim chief executive in the near future. In August, the company revealed that James Parsons would step down from the company amid a strategy to partially divest its Eastern Morocco portfolio, which envisages the continuing Morocco business being fully carried and non-operated. It has now been confirmed that Seghri will be interim chief executive and current non-executive director Marco Fumagalli will become acting chairman with immediate effect, to replace chairman Simon Davies.

Crossword Cybersecurity PLC’s (LON:CCS) chief executive, Tom Ilube, has been added to the #IB100, a list of the top 100 most influential black, Asian and minority ethnic (BAME) leaders in the tech sector. The list will be published online as part of a Financial Times report into diversity in tech aiming to encourage technology firms to implement inclusive working practices to fix progression challenges facing BAME individuals from moving to senior leadership positions.

Landore Resources Limited (LON:LND) has converted the exploration permits into mining leases at two huge licences next to its Junior Lake property in Ontario. The two licences are held by 90% subsidiary Lamaune and cover an area of 4,133ha adjacent to four leases at Junior Lake.

Echo Energy PLC (LON:ECHO), the Latin American-focused upstream oil and gas company, announced that the acquisition by the company of a 70% initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks, from Petrolera El Trebol SA, a subsidiary of Phoenix Global Resources PLC has now completed. Martin Hull, Echo’s chief executive, commented: "We believe we have secured a very attractive price for a package of assets which provide the Company with a balanced, revenue-generating portfolio with significant upside as well as exciting near-term drilling opportunities. I look forward to updating shareholders on our progress in due course, not least as we finalise preparations for drilling at Tapi AIke."

Collagen Solutions PLC (LON: COS) has decided to streamline its board of directors by reducing its size from eight to six members as it enters its next phase of growth. In an update on Wednesday, the manufacturer of biomaterials and regenerative medicines said that its chief business officer, Lou Ruggiero, and chief operating officer, Tom Hyland, will resign from the board of directors. This will leave the chief executive officer Jamal Rushdy and chief financial officer Hilary Spence as the only two executive directors on the board, and reduce the entire size from eight members to six.

Seeing Machines Limited (LON:SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety has appointed two independent non-executive directors, John Murray and Gerhard Vorster, with effect from 1 December 2019. The group noted that Murray is currently chairman of PainChek Limited, listed on the Australian Stock Exchange (ASX); Vorster is a former Deloitte partner with a growing board portfolio and significant expertise in strategy and technology and is currently an alternate director of the Brisbane Airport Corporation and chairman of the Bio Capital Impact Fund.

Nu-Oil and Gas PLC (LON:NUOG) has announced that Graham Scotton has resigned from his position as a non-executive director of the company with immediate effect by mutual agreement.

Verona Pharma  PLC (LON:VRP) (NASDAQ:VRNA), a clinical-stage biopharmaceutical company focused on respiratory diseases, said its CEO Jan-Anders Karlsson will present a corporate overview and host one-on-one meetings with investors at the Jefferies 2019 London Healthcare Conference taking place November 20-21, 2019.

Asiamet Resources Limited (LON:ARS) said Whittle Consulting Pty Ltd, a consultant to the company responsible for performing work in conjunction with the BKM Feasibility Study, has agreed to accept half its invoiced fees, being US$200,000 (£162,824), in common shares of the company in settlement of such invoices. The noted that the share price was approximately 3.612p per share and accordingly Whittle will receive 4,507,335 common shares.

Oriole Resources PLC (LON:ORR), the AIM-quoted exploration company focused on West Africa, said it will be attending the 121 Mining Investment Conference on Wednesday 20 November to Thursday 21 November 2019 at etc.venues County Hall, Riverside Building, Belvedere Road, London, SE1 7PB. The group said Tim Livesey, its chief executive officer, will be giving a presentation at 4.10pm on the 21 November 2019.

Gfinity PLC (LON:GFIN), a world-leading esports solutions provider, said its Annual General Meeting will be held at 10.00am on 6 December 2019 at the Gfinity Arena, Vue Cinema Fulham Broadway Retail Centre, Fulham Road, London SW6 1BW.

Arkle Resources PLC (LON:ARK) said new prospect features were identified following a geophysical survey at the Stonepark zinc project in Ireland, in which it holds a 23.44% stake.

Bezant Resources PLC (LON:BZT) is finalising legal documents for the sale of 80% of its stake in the Mankayan copper gold project in the Philippines.

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