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Proactive news snapshot: Thor Mining, European Metals, Regency Mines, Circassia Pharma …

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 (LON:THR) (ASX:THR) topped the early gainers in London, with its shares leaping nearly 36% higher to 0.475p after news the former boss of resources investor Metal Tiger Plc (LON:MTR) has amassed a near 4.5% stake in the group. In a brief statement, Thor said it has informed on 4 December 2019 that Paul and Michelle Johnson now hold a beneficial interest in 47,976,083 ordinary shares representing a 4.46% interest in the company.

European Metals Holdings Ltd (LON:EMH) shares advanced in Thursday’s early deals as it confirmed an agreement that sees state-owned CEZ receive the option to invest €34.06mln and take a 51% stake in the company’s Czech subsidiary Geomet. The Czech unit holds the Cinovec asset which is described as a “globally significant lithium project”, as it is presently the largest known lithium resource in Europe.

James Parsons, the former chief executive of Sound Energy PLC (LON:SOU) is to take over at Regency Mines PLC (LON:RGM) and help fund its push into battery metals. A placing will raise £831,000 as a part of a refinancing of the business with C4 Energy, a new company part-controlled by Parsons also granted an option to acquire Regency's debt.

Circassia Pharma PLC (LON:CIR) has undertaken a major overhaul of its board and senior management. Steve Harris is stepping down as chief executive of the respiratory drug specialist after thirteen years, with Ian Johnson appointed executive chairman as his replacement. Johnson is best known from his time as executive chairman of Bioquell and is currently the non-executive chair of Redcentric and on the board at Ergomed.

Midatech Pharma PLC (LON:MTPH) shares shot up on Thursday as it received a €2.6mln grant from the European Union (EU) to develop its MTX110 treatment for a rare form of childhood brain cancer. The AIM-listed biotech said the funds, provided by the European Innovation Council (EIC), will be used to conduct a clinical study which it hopes will demonstrate the efficacy of MTX110 as a treatment for Diffuse Intrinsic Pontine Glioma (DIPG), an aggressive and fatal form of childhood brain cancer with a survival rate of only 7 to 9 months on average. Currently, there are no approved treatments for the disease.

Bezant Resources (LON:BZT) has raised £350,000 through a conditional placing, to fund more evaluation work at its Buffalo copper project in Zambia. In a statement on Thursday, the copper and gold explorer said it placed 250mln new ordinary shares at a price of 0.14p each, a discount of 30% to Bezant's closing market price on 4 December. Net proceeds will total £330,000 and be used to progress work at the Buffalo project in Zambia, where historic third party work has reportedly discovered high copper grades, after Bezant signed an option to acquire 50% back in April.

InnovaDerma (LON:IDP) said trading on the Black Friday weekend was its strongest to date and overall the Skinny Tan group continues to perform well. In a brief update, the AIM-listed developer of life sciences, beauty and personal care products said the performance was largely driven by Innovaderma's DTC (direct to consumer) platform with online store sessions increasing by 43% compared to the previous year.

Gfinity PLC (LON:GFIN) shares jumped on Thursday as it secured a deal to host the NBA 2K League European Invitational, an esports tournament based around the basketball video game NBA 2K. The event, the first-ever NBA 2K League qualifying event in Europe, will be held between 13-14 December at Gfinity’s arena in London, where 20 players from Austria, Belgium, France, Germany, Spain, Turkey and the UK will compete for eligibility to participate in the 2020 NBA 2K League Draft.

BATM Advanced Communications Limited (LON:BVC) has been awarded a US$4mln agri-waste contract by an unnamed Taiwanese food conglomerate. In a statement, the company said it would receive 30% of the sum by the end of December, with the remainder paid on completion of the project around this time next year. The contract will see BATM supply and install three waste treatment units based around its integrated steriliser and shredder technology at two sites.

Crossword Cybersecurity PLC (LON:CCS) revealed Thursday that its Consulting division has received CREST accreditation for its penetration testing services. In a statement, the AIM-listed firm noted that this means that the company now holds certifications from CREST, IASME and Cyber Essentials Plus. Stuart Jubb, managing director of Crossword Consulting, commented: "It is an excellent achievement that Crossword have been recognised by CREST as a credible organisation in the penetration test service marketplace."

OptiBiotix Health PLC (LON:OPTI) has received European regulatory sign-off for the unflavoured version of SlimBiome Medical. The CE Mark provides a product line extension for the firm's weight loss sachets after initial approval last November.

AFC Energy PLC (LON:AFC) has launched the zero-emission H-Power electric vehicle (EV) charging system, which is based on its scalable alkaline fuel cells. In a statement, the company also revealed a ‘blue-ribbon’ partnership with the British Motor Show 2020, becoming the event's official EV charging partner. It noted that the British Motor show returns next year, after a 12-year absence, and it is expected to see over 50,000 visitors attend.

Arecor Ltd has hailed the successful completion of a phase I trial for its ultra-rapid acting insulin for diabetics, which it said had a “favourable profile” when compared with standard treatments.In an upbeat statement on Thursday, the private biotech company said that its candidate, AT247, had finished a phase I double-blind, randomised study at The Medical University of Graz and Joanneum Research in Austria, in which it was measured against two other insulins on the market, NovoRapid and Fiasp.

Europa Metals Ltd (LON:EUZ) has completed the first hole in a drilling campaign at its Toral lead-zinc and silver project in Spain. The AIM-listed miner said the TOD-024 hole had been drilled to 302.4 metres and had returned visible sulphide mineralisation. A second drill hole, TOD-025, was begun immediately afterwards and is expected to continue until mid-December and the drilling will then resume in early January, in line with the company’s schedule.

Plexus Holdings Plc (LON:POS) chairman Jeff Thrall has told investors that talks with more potential partners about new and existing applications for the company’s flagship POS-GRIP technology continue to see progress. In a statement ahead of today’s AGM, Thrall noted that the company has “a growing suite” of proprietary products based around the POS-GRIP technology, which includes certain patented features such as superior metal-to-metal seals. Such technologies and products have diversified applications beyond oil and gas, where the initial business is centred.

Remote Monitored Systems PLC (LON:RMS) says it is continuing to review strategic options for its Geocurve subsidiary following a restructuring. The AIM-listed group said that following headcount reductions and restructuring at Geocurve earlier in the year, the subsidiary had returned to profitability in the first half of the year.

W Resources PLC (LON:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, confirmed it has secured a new €500,000 revolving credit facility with leading Spanish Bank, CaixaBank, which will provide the ramp-up working capital financing outlined in the company announcement on 15 November 2019. The group said the Caixa facility is in place and funds have been drawn and it is in the process of negotiating additional facilities and further announcements will be made in due course. W Resources chairman, Michael Masterman commented: "The Caixa facility allows us to further reduce the average cost of funds of our debt facilities and provide solid working capital support for the ramp-up of La Parrilla."

Brady PLC (LON:BRY) said that, further to the announcement by Hanover Acquisition Limited today confirming that it has acquired, or agreed to acquire, in excess of 75% of the company's ordinary shares under its recommended mandatory final offer, trading in Brady's ordinary shares on AIM will be cancelled with effect from 7.00 am on 8 January 2020. Following cancellation, Hanover will seek to re-register Brady as a private limited company.

Live Company Group PLC (LON:LVCG) said that, further to its announcement of 29 November 2019 in respect of the £1.0mln Riverfort Facility, discussions remain ongoing regarding the proposed extension, and, accordingly, the investors have agreed to extend the payment of the outstanding balance due under the facility to 13 December 2019 from 5 December 2019. David Ciclitira, LVCG’s chairman commented: "I believe the outcome of these discussions will be genuinely positive for the Company and I remain confident about the Company's prospects for 2020 and 2021".

Kromek Group PLC (LON:KMK), a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, said it will be announcing its interim results for the six months ended 31 October 2019 on Wednesday 11 December 2019.

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