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Proactive news snapshot: Gfinity, ANGLE, KRM22, 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

Gfinity PLC (LON:GFIN) has been selected by cricket broadcaster Willow TV to host The eCricket Challenge, a series that will see cricket players compete in the Cricket 19 video game. The series, designed and developed by Gfinity, will see some of the biggest names in world cricket compete remotely in five-over matches.

ANGLE PLC (LON:AGL OTCQX:ANPCY) said a study by the University of Athens showed its liquid biopsy was superior to a leading antibody approach when it came to harvesting circulating tumour cells (CTC) in people with head and neck cancer. Researchers drew blood from 50 patients and 18 healthy volunteers. The published data revealed use of the ANGLE technology resulted in much higher CTC harvesting positivity rates, purer samples, and “excellent” RNA quality for molecular analysis.

KRM22 PLC (LON:KRM) has agreed to acquire the remaining 40% stake in market surveillance firm Irisium Ltd that it does not already own from Cinnober Financial Technology for a £550,000 convertible loan note. The risk management specialist, which acquired its initial 60% stake in Irisium for £1.7mln in June 2018, said the consolidation of the remaining stake will allow complete integration of the firm into its own platforms and immediately remove £700,000 of debt and liabilities from its consolidated balance sheet.

Bloomsbury Publishing PLC (LON:BMY) has said it is taking a number of actions to protect the business following the coronavirus lockdown, including the sale of shares to bring in a gross £8.4mln. The company has also pushed out the maturity of its bank facility by a year to May 2022, it has made a series of economies, including salary cuts, saving an initial £1.6mln a month, and has cancelled the dividend. The group, which had net cash of £31mln as at the end of February, said it was unable at this stage to give forward guidance.

Metal Tiger PLC (LON:MTR) investee company Sandfire Resources has announced results from exploration work conducted at the Tshukudu project in Botswana. Sandfire said the “outstanding” new results show the zone of mineralisation now extends to 700 metres as opposed to the 250 metres previously calculated.

Jubilee Metals Group PLC (LON:JLP) moved higher on Friday after it said it has recommenced its operations in South Africa in “strict adherence” to the country’s coronavirus pandemic lockdown rules. The metals processing firm said its Inyoni Surface platinum group metals (PGM) and chrome operation has resumed production, while it's Windsor joint venture is preparing to recommence production “shortly”.

Bidstack Group PLC (LON:BIDS) has highlighted a new Lumen Research report that shows its in-game advertising technology performed “impressively” in comparison to other advertising channels. The study, which measured the success of an in-game campaign delivered by Bidstack for a leading automotive brand, found that 94% of gamers noticed the automotive brand's in-game ads, 2.6x higher than standard display advertising norms, while the time spent looking at the ad was also 1.5x longer.

OptiBiotix Health PLC (LON:OPTI) has raised £1mln in a share placing that it says will be used to scale up its SweetBiotix products and launch its ranges in China, the USA, and India. The AIM-listed firm said it raised the funds through a placing of 2.5mln new shares at a price of 40p each, an 18% discount to its closing price on Thursday.

Blue Star Capital PLC (LON:BLU) has expanded its portfolio with the acquisition of a small stake in Canadian mobile games supplier Leaf Capital. The tech investor will put C$100,000 (£57,000) into Leaf, which is in the process of being acquired by Caprice ahead of its readmission to the Canadian Venture Exchange. The investment, which is conditional on the readmission, is being made at C$0.16 per share, which will give Caprice a market value of around C$34mln.

W Resources PLC (LON:WRES) has said that production from the La Parrilla mine in Spain is “building”, though there have been challenges. The company noted that full-scale operations were put on hold in late March due to the Spanish State of Emergency amid the coronavirus (COVID-19) pandemic shutdown, but these have since been lifted for mining operations.

Clinigen PLC (LON:CLIN) has had its target price hiked to 850p from 780p by analysts at Liberum Capital as they forecast that the group’s shares could see 35% upside “in the next six months”. In a note to clients, in which they also retained a ‘buy’ rating on the pharma and services group, the Liberum analysts said an update released on Thursday was “unequivocally positive” and confirmed their belief that the firm will not breach its covenants in June despite disruption to the business caused by the coronavirus pandemic.

Bango PLC (LON:BGO) has said the proposed expanded partnership between the mobile commerce company and NHN Corp (NHN), a South Korean big data business, announced on April 3, 2020, completed on April 16, with NHN investing £3.2mln into Bango for a 4.7% shareholding.  The AIM-listed company said NHN has also invested a further £6.5mln for a 60% shareholding in Bango Deep - the Bango subsidiary that owns the Audiens Customer Data Platform business - with Bango retaining 40%.

Diversified Gas & Oil PLC (LON:DGOC) has confirmed it is advancing its planned promotion onto the premium segment of the London Stock Exchange next month. In a statement, the company told investors that its shares will make the switch from AIM soon, with the re-admission date set for May 18. DGOC said its new listing will potentially improve liquidity and the valuation of its shares, and, noted that a larger number of institutional investors that regularly trade ‘main market’ shares.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has received strong endorsement of its sulphate of potash (SOP) strategy by raising A$20 million in a placement well-supported by institutional shareholders. Binding commitments have been received from existing and new institutional shareholders and investors further confirming support for the company and its Lake Way SOP Project in WA's Goldfields region. The company will issue 58.8 million new ordinary shares at A34 cents each, which represents a 10.9% discount to the 10-day VWAP of A38.2 cents on the ASX.

Genel Energy PLC (LON:GENL) told investors it has received payment from the Kurdistan Regional Government (KRG) for oil sales made in March 2020. It said the Taq Taq field partners received US$4.6mln gross, which equates to about US$2.5mln net to Genel, meanwhile, the Tawke partners received US$34.6mln which is US$8.5mln net. The payments are in line with recent proposals by the KRG regarding international oil companies operating in the Iraqi region.

Anglo African Oil & Gas PLC (LON:AAOG) has agreed a further amendment to the terms of the sale of its Congo business, in order to expedite the transfer of cost liabilities to Zenith Energy. In a statement, the company said it has been agreed that Forum will now pay £200,000 in cash, upon approval by AAOG shareholders - this comes after a March revision down to £800,000 from the £1mln agreed in December. The latest revision comes amid heightened uncertainty over certain timelines, which would leave AAOG to additional costs and funding issues.

Amur Minerals Corporation (LON:AMC) said on Thursday that it is to raise £750,000 by placing 75mln shares at 1p a throw. The funds raised will be used to repay the initial advance from the loan note facility from Plena Global Opportunities LLC, details of which were released last month.

ECSC Group PLC (LON:ECSC), the provider of cybersecurity services, has announced plans to raise money by placing shares at 55p a pop. The company said it will place 909,091 new ordinary shares, raising £500,000 before expenses. The funds will be used to ensure the company is sufficiently well capitalised to take advantage of longer-term growth opportunities once the coronavirus (COVID-19) situation stabilises and to strengthen the balance sheet.

Abal Group PLC (LON:SYME) has said its planned name change to [email protected] Capital PLC has been delayed by Companies’ House due to the coronavirus pandemic. The company said it had been notified by Companies’ House that “significant delays are currently being experienced in the processing of name change applications” and that the registrar “may not be able to process documents as quickly as has been done previously”.

Victoria Oil & Gas PLC (LON:VOG) has highlighted a “solid performance” amid coronavirus pandemic disruption, with revenue-generating operations ongoing in Cameroon. In a first-quarter update, the company noted that daily average gas production was 5.1mln cubic feet per day, plus 1,656 barrels per day of condensate, which resulted in US$5.3mln of revenue for the period.

Curzon Energy PLC (LON:CZN) said it will be holding its general meeting (GM) at the company's business address, which is located at WeWork, 71-91 Aldwych House, London WC2B 4HN on Wednesday, May 6 at 2.00 pm. It added that forms of proxy to vote at the GM must be completed, signed and returned so as to be received by the company's registrars by no later than 2.00pm on May 4. It noted that full details are set out in the Notice of GM, which has been posted to shareholders and is also available on the company's website.

AFC Energy PLC (LON:AFC) said that following enquiries from shareholders and having taken professional advice regarding the government's current restrictions on social gatherings the company can confirm that the AGM convened for 12.00pm on April 23, 2020, will be held at the Registered Office, Unit 71.4 Dunsfold Park, Stovolds Hill, Cranleigh, Surrey, GU6 8TB. However, in light of the current coronavirus (COVID-19) stay at home measures in the UK, the AGM will be run as a closed meeting and shareholders will not be able to attend in person and are asked to exercise their votes by submitting their proxy as set out in the Notice of Meeting.

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