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Proactive news snapshot: Thor Mining, AFC Energy, Instem, Europa Metals, CentralNic …

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

Thor Mining PLC’s (LON:THR) (ASX:THR) associate EnviroCopper has started field pumping tests at the Kapunda copper project in South Australia. EnviroCopper can earn up to 75% of the rights over metals produced by in-situ recovery at Kapunda. Thor holds a 25% interest in EnviroCopper an option to increase its stake to 30%.

AFC Energy PLC (LON:AFC), a leading provider of hydrogen power generation technologies, has announced the launch of its new corporate website. The new website reflects a stronger emphasis on brand and product identity, encapsulating AFC Energy's inaugural range of products, the HydroX-Cell(L)TM and HydroX-Cell(S)TM fuel cell ranges, together with the Company's proprietary anionic exchange membrane, AlkaMemTM. The website is scheduled to go live at noon today, 15th November 2019, with exact timing determined by internet replication factors.

Instem PLC (LON:INS) is moving into safety assessment software with a US$4.6mln, earnings-enhancing US acquisition. It is buying Leadscope, which has developed a suite of products that use sophisticated artificial intelligence and machine-learning algorithms to predict potentially harmful drug side effects. Instem is handing over a mix of cash and shares for the Columbus, Ohio-based firm, with US$3.35mln paid on the deal’s completion. This will be followed by a deferred US$750,000 and a US$500,000 “earn-out”.

Europa Metals Ltd (LON:EUZ) has started mobilisation ahead of a diamond drilling campaign at the Toral project in north-west Spain. The drill programme is aimed at a target area to the west of the project’s existing resource zone. It aims to prove up additional resources and upgrade confidence in the resource numbers.

CentralNic Group PLC (LON:CNIC) has confirmed that it is currently engaged in advanced discussions regarding the potential acquisition of Team Internet AG, which may or may not lead to a transaction being completed. CentralNic, which derives revenue from the subscription sales of domain names and web services, pointed out that Team Internet is a Munich-based business which is a subsidiary of Matomy Media Group Ltd (LON:MTMY).

Cabot Energy plc (LON:CAB) told investors it has appointed David Kimery as the chief executive of the group’s Canadian subsidiary, Cabot Energy Inc, with immediate effect. Kimery replaces Paul Lafferty who was president of the Canadian vehicle.

Amryt Pharma PLC (LON:AYP), a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare and orphan diseases, announced that following the completion of a capital reduction, the company now has positive distributable reserves and it has agreed to repurchase 4,864,656 ordinary shares from certain institutional investors.  In exchange for the ordinary shares, these institutions have been issued an equivalent number of nil cost warrants entitling the holder to subscribe for one ordinary share at nil cost. The company also announced that it has redeemed the one redeemable share in issue with a nominal value of £49,999.94.

Motif Bio PLC (LON:MTFB) (NASDAQ:MTFB) announced that at the General Meeting of the company held earlier on Thursday in New York, all resolutions put to shareholders were duly passed.

Open Orphan Plc (LON:ORPH), a European-focused, rare and orphan drug consulting services platform, announced that the company will be attending the Jefferies 2019 London Healthcare Conference on 20th-21st November 2019 in London, UK. Open Orphan said its chief executive officer, Cathal Friel, will be in attendance and will be doing one-on-one meetings with attendees at the conference.

BB Healthcare Trust PLC (LON:BBH) announced that Siddhartha Mukherjee will be stepping down from his position as a non-executive director of the company with effect from 30 November 2019 due to his other commitments. The group said it will be commencing a process to identify a suitable replacement and a further announcement will be made in due course. Randeep Grewal, BB Healthcare’s chairman, commented: “Siddhartha has brought great experience to the Board and we wish him well for the future".

Impax Environmental Markets PLC (LON:IEM) has said that in order to meet the continuing demand for its ordinary shares,  the company is seeking an early renewal of its authority to issue, or sell from treasury, ordinary shares on a non pre-emptive basis. The group added that it is, therefore, convening a general meeting - to be held at 2.30pm on 4 December 2019 -  request that shareholders increase its capacity to issue new ordinary shares or sell ordinary shares from treasury on a non pre-emptive basis up until the company's next AGM. As at 14 November 2019, the company has approximately 26.6 million ordinary shares in treasury.

Adamas Finance Asia Limited (LON:ADAM), the London quoted company focused on providing shareholders with attractive uncorrelated, risk-adjusted returns from a diversified portfolio of pan-Asian investments, announced that, further to its announcement on 21 October 2019, all conditions precedent in relation to the proposed equity investment in Infinity TNP have been fulfilled and the share sale and purchase agreement has now completed. Separately, the company also said late on Thursday that due to the current unrest in Hong Kong, it has postponed its annual general meeting which was scheduled to be held there on Friday. The group added that if the situation in Hong Kong remains volatile in the near-term, the directors will consider moving the venue for the AGM.

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