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Proactive news snapshot: Greatland Gold, Kazera Global, Echo Energy, Bloomsbury Publishing …

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

Greatland Gold PLC (LON:GGP) said the ongoing drilling campaign being conducted by Australian gold major Newcrest on its Havieron project continues to return long and high grade intercepts. The latest highlight show 107 metres grading 2.2 grams per tonne gold, including 21 metres at 10 grams per tonne gold. Newcrest has now completed stage one of its farm-in agreement with Greatland, and has done so in double-quick time.

Kazera Global PLC (LON:KZG) has completed a maiden JORC resource estimate for the White City pegmatite as part of the ongoing exploration programme at the Namibia Tantalite Investment Mine. The White City resource rings in at 297,000 tonnes of tantalite in the inferred category, at an average grade of 105 parts per million (ppm). It takes the total resource across White City, Purple Haze and Homestead up to 622,200 tonnes of lithium and tantalite.

Echo Energy PLC (LON:ECHO) has revealed plans to start drilling activities on its Santa Cruz Sur assets, following on immediately after the present programme at the Tapi Aike project. The AIM-quoted explorer is moving quickly with Santa Cruz Sur, having acquired the asset only last month.

Bloomsbury Publishing Plc (LON:BMY) shares bounced on Monday as it signed a joint venture (JV) agreement that will expand its business into the Chinese market. The media house, best known for publishing the Harry Potter franchise, will own 50% of the new JV with state-backed publisher China Youth Publishing Group (CYPG), while the Chinese firm will own 30% directly and 20% through its subsidiary, Roaring Lion Media (RLM).

Kvango Resources PLC (LON:KAV) has reported further indications that its Kalahari Suture Zone (KSZ) project in Botswana has similar geology to other massive sulphide orebodies elsewhere. Drilling at KSZ has identified what seem to be multiple magma conduits, which would have supplied molten lava to the surface 180mln years ago. The final hole in its attest programme intersected a 16m gabbroic sill at 120 metres from surface, with signs of intensive alteration by heat.

EQTEC PLC (LON:EQT) jumped after the company said it had raised a total of £958,500 from a subscription of shares to new and existing investors, mainly among five “strategic” shareholders. The waste-to-energy firm said it issued 766mln new shares at a  price of 0.125p each. In addition, a warrant will be issued to acquire one further share for every two shares investors have subscribed to, for a period of two years.

IXICO PLC (LON:IXI) said it is delivering three poster presentations at a California conference on Alzheimer’s disease. The AI data analytics group, which specialises in aiding neuroscience clinical drug development, will showcase its work in classifying sufferers of the disease. It will also outline advances in measuring brain volume change and the work it has done using diffusion MRI analysis to assess the degenerative condition.

Corero Network Security PLC (LON:CNS) has secured contracts with two new customers for its SmartWall DDoS Protection as a Service (DDPaaS) solution, as well as an expansion contract with an existing client, worth a total of US$1.1mln over a period of three years. In a statement, the AIM-listed company said one of the new customers - a US-based hosting and cloud services provider - was introduced to it following “a recent partnership with a leading cloud distributed denial of service (DDoS) service provider.”

Hurricane Energy PLC (LON:HUR) has revealed results from the Warwick West well which confirmed a discovery and measured oil flows. The success rounds off a three well drill programme and marks a more positive result, after it kicked off with the Warwick Deep well which, in July, encountered a ‘poorly connected’ section of reservoir and failed to flow hydrocarbons at commercially viable rates. In an 85 hour well test, the Warwick West reservoir flowed at a maximum rate of 1,300 barrels of oil per day.

Ariana Resources PLC (LON:AAU) has kicked off an earn-in agreement to acquire up to 50% of Venus Minerals Ltd, which owns exploration and development projects targeting copper and gold in Cyprus.  In an update on Monday, the AIM-listed miner said that it plans to provide Venus with €500,000 in funding during the first year of operations, which will take its stake in the company to 11% by December 2020.

G3 Exploration Ltd (LON:G3E) is to request provisional rather than official liquidators be appointed to give the China-focused gas group a period to restructure its businesses to pay off its creditors. A petition was served in Grand Cayman recently by lender Nordic Trustees for an official liquidator to be appointed. That hearing is set for 11 December, but G3 believes a better solution is to for a joint provisional liquidator (JPL) to be appointed, which would allow it to focus on 'identifying, facilitating and executing a comprehensive restructuring plan'.

Tekcapital PLC (LON:TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, announced that Louis Castro has joined its board of with immediate effect. The group noted that Castro is a highly experienced and well qualified director and Chartered Accountant with some thirty years spent in industry and in financial services, including positions as chief executive, finance director and non-executive director of several AIM listed companies. In addition, Tekcapital said Bill Payne will step down as a non-executive director of the company with effect from 1 January 2020.

Anglo Pacific Group PLC (LON:APF) (TSX:APY) said it has received notification that its chief executive officer, Julian Treger, on 28 November 2019, acquired 30,000 ordinary shares in the company at an approximate price of 183.60p per share. It also noted that, between 27 and 29 November 2019, Kings Chapel International Limited (KCIL), a person closely associated with Treger, sold 243,158 shares at an average approximate price of 183.51p per share, to rebalance the composition of the investments held by KCIL. Following this notification, the group added, the total beneficial holding by Treger and persons closely associated with him is 5,478,296 shares, representing 3.018% of the issued ordinary share capital.

Amur Minerals Corporation (LON:AMUR), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announced that certain directors and executive management have been issued 9,485,828 new ordinary shares at a price of 2.06p each – last Friday’s closing share price - for a total value of £195,408 as part satisfaction of salaries and fees in order to preserve cash.

Xpediator PLC (LON:XPD) a leading provider of freight management services across the UK and Europe, announced that following its acquisition of Regional Express Limited, a further deferred consideration of £350,000 is payable to the vendors, part of which will be settled by the issue of 89,744 new ordinary shares and the balance of £315,000 payable in cash.

Kibo Energy PLC (LON:KIBO), the multi-asset, Africa-focused, energy company, said it has prepared a new corporate presentation which can be viewed on the company's website.

Cabot Energy plc (LON:CAB), the oil and gas company focused on creating predictable production growth in Canada, said trading in its shares on AIM will be cancelled with effect from 7.00 am on 3 December 2019. Cabot will re-register as a private limited company.

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