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Proactive news snapshot: BATM Advanced Communications, Bahamas Petroleum, Haydale Graphene …

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

BATM Advanced Communications Limited (LON:BVC)  says its Bio-Medical division has successfully developed a new diagnostics kit to detect the coronavirus. The kit has undergone testing by several central laboratories and hospitals that have now verified its ability to diagnose COVID-19, added the medical device maker.

Bahamas Petroleum Company PLC (LON:BPC) has this morning announced that it has secured environmental authorisation for the Perseverance-1 well, which is expected to spud in April 2020. The company noted that the authorisation is the conclusion of an extensive and thorough process over many years, involving local and international agencies, independent third-party expert consultants, and extensive engagement across all aspects of Bahamas government.

After Wednesday’s close, Bahamas Petroleum also announced a partial conversion of recently issued loan notes. The exploration company last week inked a £8mln arrangement to issue zero-coupon convertible loan notes to a Bahamian based institutional family-office investor. Shortly thereafter it made an initial draw-down of £2.7mln (after fees it received £2.43mln) and it has subsequently received the first conversion notice, for £1.44mln from the first draw-down

Haydale Graphene Industries PLC (LON:HAYD) told investors that it is making significant progress in its collaborations with international partners, though today’s interim financial results confirm adverse trends in short-term revenues. Group revenue for the six months ended 31 December amounted to £1.35mln, down 17%, though it also reduced costs and reported that its adjusted operation loss narrowed by 22% to £2.1mln. It ended December with £2.7mln of cash.

ANGLE PLC (LON:AGL) (OTCMKTS:ANPCY), a liquid biopsy company, announced that Istituto Nazionale Tumori di Milano, Milano, Italy has published the results of work, which assessed the performance of the firm’s Parsortix system in renal cell carcinoma (RCC), demonstrating its key advantages. It noted that the study showed the Parsortix system greatly out-performed the alternative approach and, being a marker-independent approach for CTC enrichment, it was described in the publication as being "instrumental for increasing CTC detection and for being able to separately identify the sub-populations by immunostaining".

Greencoat UK Wind PLC's (LON:UKW) said its renewable energy assets are now powering enough electricity to power almost one million homes. In its results statement for 2019, the renewable infrastructure fund said its investments generated 2,386-gigawatt hours (Gwh) of electricity during the year. Net cash generation clocked in at £127.7mln, enabling the company to pay out £93.2mln in dividends (6.94p per share); the company is targeting dividend payments in the current year of 7.1p. The group' net asset value at the end of 2019 stood at £1,842.8mln, which is equivalent to 119.7p (on an ex-dividend basis) per share, down from 121.4p at the end of 2018.

Mosman Oil And Gas Ltd (LON:MSMN) told investors it has agreed to acquire additional assets in Texas, in what it described as “the first step to expanding on the success of the Stanley project”. The acquired acreage is to be known as the “Greater Stanley” area. It comprises two leases, one covers 36 acres and the other spans 35 acres. The total cost of the transaction amounts to around US$30,000.

Verona Pharma PLC (LON:VRP), the respiratory drugs specialist, expects 2020 to be a transformational year for the company. The company recently brought in David Zaccardelli as chief executive and Mark Hahn as the chief financial officer and the pair are keen to use their industry experience to lead Verona through late-stage clinical trials and into the commercialisation phase.

Conroy Gold and Natural Resources PLC (LON:CGNR) believes the recent drilling underlines its belief it has a major gold zone on its acreage. Work in the half-year to November on its licences on the Orlock Bridge Fault confirmed gold bedrock in target area 4, a new gold zone in area 1 and gold mineralisation between the Clontibret deposit and Corcaskea site.

Ashley House PLC (LON:ASH), the health and housing property partner, has signed three memoranda of understanding with institutional buyers of affordable housing. The company added that a non-contracted pipeline is being established consisting of nine schemes, four of which already have outline or full planning approval, which would provide a total of around nine hundred affordable homes.

Base Resources Limited (LON:BSE) has hailed a successful ramp-up of its mining operations at the South Dune orebody in Kenya as it delivered results for the first half of its current year. Looking ahead, managing director Tim Carstens said the company will continue to “pursue mine life extension opportunities” at its Kwale project, where South Dune is located, adding that the company was also in discussions with the Madagascan government regarding fiscal terms for its Toliara mineral sands project.

Premier African Minerals Ltd (LON:PREM) has hosted the Honourable Minister Dr. Sekai Nzenza of the Ministry of Industry and Commerce on behalf of the National Indigenisation and Economic Empowerment Fund (NIEEF), at its RHA tungsten project in the west of Zimbabwe. Following the visit, the NIEEF requested until 11 March 2020 to evaluate the basis of NIEFF's ongoing involvement with RHA, following the submission by Premier of revised cost estimates.

AFC Energy PLC (LON:AFC) has announced the appointment of its company secretary Graeme Lewis as its finance director with immediate effect.  In a statement, the leading provider of hydrogen power generation technologies said Lewis will also retain his role as its company secretary. 

Open Orphan PLC (LON:ORPH) has confirmed the appointment to the board of chief financial officer Leo Toole. Bringing more than 20 years’ experience to the pharma services group, Toole previously held roles with Procter and Gamble, ResMed and Sublimity Therapeutics.

Mineral & Financial Investments Limited’s (LON:MAFL) subsidiary, Canadian-listed Ascendant Resources Inc (TSE:ASND) has filed a technical report for a maiden preliminary economic assessment (PEA) for its Lagoa Salgada project in Portugal to the Ontario Securities Commission. The AIM-listed company said the PEA had outlined “a highly profitable project” with 10.3mln tonnes of measured and indicated resources and 2.5mln tonnes of inferred resources in the north zone. The resource includes zinc, lead, copper, gold and silver.

United Oil & Gas PLC (LON:UOG) has “many near term value drivers” in its asset portfolio, according to analysts at Cenkos Securities, who on Wednesday initiated the firm with an 8.9p target price. Cenkos said the company had “several upcoming near-term milestones which have the potential to deliver significant shareholder value”, including the continued interpretation of data from the ASH-2 well in Egypt, a drill or drop decision on the Walton- Morant licence in Jamaica, containing the giant 229mln barrels Colibri prospect and the development of the Selva gas field in Italy, due onstream in the fourth quarter of 2020.

Iconic Labs PLC (LON:ICON), a multi-divisional new media and technology business, advised that at its General Meeting held on Thursday all resolutions were duly passed on a poll vote.

Anglo African Oil & Gas PLC (LON:AAOG) confirmed that it has received £1,010,779.85 in aggregate (including the 361,376.35 received from the sale to Forum Energy Services announced on 20 January 2020) under the investor sharing agreement entered into with YA II PN, Ltd and RiverFort Global Opportunities PCC Limited as announced on 17 July 2019.

BlueRock Diamonds PLC (LON:BRD), the AIM-listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced that, further to its announcement of 18 February 2020, the transfer in respect of the sale of part of the company's existing Convertible Loan Note (CLN) with a face value of £462,500 from Mark Poole to Tim Leslie has now completed. The total CLN outstanding is currently £925,000 and has a conversion price of approximately £1.66 per share, and the expiry date of the CLN is 16 October 2021. Separately, BlueRock Diamonds said a new corporate presentation will be made available on its website.

ECSC Group PLC (LON:ECSC), the provider of cybersecurity services, will be announcing its results for the year ended 31 December 2019 on 25 March 2020.

Salt Lake Potash Limited (LON:SO4) (ASX:SO4) has advised shareholders that a new corporate presentation is now available to view on the company's website.

BigDish PLC (LON:DISH), a food technology company that operates a yield management platform for restaurants, announced that an updated research note from Align Research is now available to view online.

Arix Bioscience PLC (LON:ARIX), a global venture capital company focused on investing in and building breakthrough biotech companies, said it will announce its annual results for the year ended 31 December 2019, on Tuesday 10 March 2020. It said a presentation for analysts will be held on the same day at 12:15pm GMT in London and a webcast of the presentation will be available on the company's investor relations website.

Mineral & Financial Investments Limited’s (LON:MAFL) subsidiary, Canadian-listed Ascendant Resources Inc (TSE:ASND) has filed a technical report for a maiden preliminary economic assessment (PEA) for its Lagoa Salgada project in Portugal to the Ontario Securities Commission.

 

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