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Proactive news snapshot: Open Orphan, Faron Pharmaceuticals, Greatland Gold...

Published: 15:30 09 Mar 2020 GMT

Faron Pharmaceuticals Ltd -

Open Orphan PLC’s (LON:ORPH) hVIVO virology and vaccine operation has begun the world’s first human coronavirus challenge study. hVIVO owns Europe's only quarantine clinic with an onsite virology lab where the challenge model will be developed and used.

Faron Pharmaceuticals Oy (LON:FARN, First North:FARON) said the US regulator has accepted the protocol design for a trial of Traumakine, a treatment for acute respiratory distress syndrome (ARDS).

Arix Bioscience PLC (LON:ARIX) has appointed Roberto Iacone as its entrepreneur in residence (EIR) to assist in company creation and the sourcing of early stage investment opportunities in Europe.

Bahamas Petroleum Company PLC (LON:BPC) has agreed to extend the deadlines attached for its £10.25mln loan note offering, as the explorer continues to advance towards the start of drilling for the Perseverance-1 well.

Union Jack Oil PLC (LON:UJO) has agreed to acquire an additional 35% of the Keddington oil field, which currently yields around 28 barrels of oil per day.

Tower Resources PLC (LON:TRP) has raised £500,000 in a share placing to provide working capital as it awaits the completion of a farm-out agreement for its Thali block in Cameroon.

Diversified Gas & Oil PLC (LON:DGOC) chief executive Rusty Hutson has described 2019 as a significant year with multiple key milestones reached and exiting with production of around 94,800 barrels oil equivalent per day.

Bushveld Minerals Ltd (LON:BMN) has signed a joint venture agreement with redT energy PLC (LON:RED) to form a vanadium financing partnership to supply vanadium electrolyte for third party-owned vanadium redox flow batteries in projects developed by redT.

Metal Tiger PLC’s (LON:MTR) Kalahari Metals (KML) has kicked off a drilling programme at the Kitlanya East project in Botswana.

Greatland Gold PLC (LON:GGP) is to step up exploration at its Paterson licences in Western Australia after establishing Havieron as a significant gold-copper discovery.

An Oriole Resources PLC (LON:ORR) subsidiary has secured US$2.5mln in investment from American Minerals Exploration & Development Fund III.

Live Company Group PLC (LON:LVCG) has signed an agreement with publisher Frederick Warne & Co to produce a BRICKLIVE tour themed around characters from the Peter Rabbit book series by Beatrix Potter.

VR Education Holdings PLC (LON:VRE) is to virtually host the 2020 HTC Vive Ecosystem Conference via its ENGAGE platform.

AFC Energy PLC (LON:AFC) has appointed Tom Pollard, an experienced electric vehicle (EV) charge point executive in the UK, as its national EV sales manager.

In response to a question from an analyst, Avation PLC (LON:AVAP) clarified that leases to Loganair for two ATR 72-600 aircraft previously leased to Flybe had started on 5 March. The new leases, the company said, provide it with continued rentals, lease security deposits and maintenance reserve payments through to the expiry of the lease terms in August 2021 and September 2021 respectively.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

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