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Proactive news headlines: Botswana Diamonds, Tiziana Life Sciences, Zoetic International, Catenae Innovation …

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

Botswana Diamonds PLC (LON:BOD) told investors it has now recovered over 100 macro diamonds from bulk sampling operations at the Marsfontein development project in South Africa’s Limpopo Province. The company said it sampled 58 tons of ‘fresh high-interest kimberlite’ and 62 tons of kimberlitic material from a residual stockpile, known as 'Dump E'. A total of 87 macro diamonds were recovered from the fresh kimberlite with a modelled grade of 50 carats per hundred tonnes, while 24 macro diamonds came from Dump E with a modelled grade of 16 carats per hundred tonnes.

Tiziana Life Sciences PLC (LON:TILS) (NASDAQ:TLSA) has said that two poster presentations at a top medical conference underline the potential of its technology in predicting the recurrence of breast cancer. The group's StemPrintER stem cell-based genomic prognostic tool showed superiority over the market leader, Oncotype DX, when it came to predicting the recurrence of the disease in ER+/HER2- postmenopausal patients. More than 800 women took part in the study to be presented at a session of the American Society of Clinical Oncology (ASCO) virtual conference starting later on Friday.

Catenae Innovation PLC (LON:CTEA) has teamed up with north-east occupational health and wellness business, Newcastle Premier Health, which will provide its know-how to the group's Cov-ID project. Cov-ID is GDPR compliant identity documentation exchange system to record an individual's coronavirus (COVID-19) test status through a mobile app that is intended to be marketed to businesses and organisations. Earlier this month, Catenae said it had begun trialling and finalising the app having created a prototype.

Zoetic International PLC (LON:ZOE) has filed a US patent application for the method of manufacturing its tetrahydrocannabinol (THC)-free Chill brand of smokable cannabidiol (CBD) products. The CBD specialist said the patent-pending method also includes a variation smoking cessation product, employing combinations of nicotine and CBD, and has been in development for over a year. Zoetic added that it believes CBD may play “a rapidly increasing role in smoking cessation aides” and that its Chill branded tobacco-free, THC-free and nicotine-free products were “well-placed to take an increasing share of this market”. The company noted that, if issued, the patent will provide it with “a protected market-leading offering”.

United Oil & Gas PLC (LON:UOG) has posted financial results that celebrated significant progress in 2019, as the company’s growth continued. During the year it agreed the transformational acquisition of the Rockhopper Egypt business; advanced permitting for the Selva gas development project in Italy, where ‘first gas’ is slated for 2021; realised a profit with the sale of the Crown discovery in the North Sea; and also expanded its footprint via the UK offshore licensing round. Since completing the Rockhopper Egypt acquisition in February 2020, the producing Abu Sennan asset has performed strongly, with the new ASH-2 achieving rates ahead of expectations, and presently remaining above 3,000 barrels of oil per day, the group said.

Metal Tiger PLC (LON:MTR) swung into the black in the year ended December 31, 2019 as the value of its stake in Aussie-listed Sandfire Resources rose. The AIM-listed natural resources investor saw profits for the year before taxation of £4.5mln (2018: loss £4mln). Net current assets at the year-end were £21.7mln including a cash position of £5mln. The company is also proposing a share consolidation of ten shares into one as its board believes that a share price quoted in single pence affects investor perception and volatility and a higher share price will improve both of these.

Mkango Resources Ltd. (LON:MKA) has posted its quarterly results for the three months to March 31, 2020. The rare earth elements developer ended the period with US$7mln in cash, down from US$9mln as at December 31, 2019, while its net loss grew to US$1mln from US$697,000 in the same period last year.

Falcon Oil & Gas Ltd (LON:FOG) (CVE:FO) has highlighted a strong financial position, debt-free and US$11.5mln of cash in the bank, as it filed its interim statement for the three months ended March 31, 2020. The company noted that it has continued to focus on strict cost management and efficient operation of its portfolio. G&A expenses were US$400,000 which represents a 12% reduction quarter-on-quarter. In April, the company’s financial position was bolstered as it sold a further 7.5% holding in the Beetaloo project to joint venture partner Origin Energy in return for A$150mln worth of additional project spending cover.

Learning Technologies Group PLC (LON:LTG) has raised just under £82mln through a share placing to take advantage of what it said were “numerous attractive acquisition opportunities” arising from the disruption caused by the coronavirus pandemic. The digital learning specialist said the placing was for around 64.4mln new shares at a price of 127p each, a 7.6% discount to its closing price on Thursday of 137.50p, and raised a total of £81.8mln. The firm said any acquisition opportunities would require “readily available capital” to deploy for fast execution, adding that it anticipated these purchases would be executed over the next nine to 12 months.

Benchmark Holdings PLC (LON:BMK) has said continued weakness in shrimp markets overshadowed a robust second-quarter performance by the group’s genetics business. In the three months to the end of March – Benchmark’s second-quarter – group revenue eased to £32.0mln from £37.7mln in the corresponding period of 2019. Revenues in the Advanced Nutrition business fell to £19.9mln from £25.0mln the previous year, which Benchmark ascribed to weak shrimp markets plus oversupply and price competition in the Artemia (brine shrimp) market.

Arix Bioscience PLC (LON:ARIX) has noted poster presentations from two of its portfolio companies at the Annual Society of Clinical Oncology (ASCO) 2020 Virtual Scientific Program that starts today Harpoon Therapeutics Inc (NASDAQ:HARP), presented interim data from the ongoing dose-escalation portion of a Phase 1 trial for HPN424 in patients with metastatic castration-resistant prostate cancer (mCRPC). Autolus Therapeutics PLC ( (NASDAQ: AUTL), announced new data highlighting progress on AUTO3, a CAR T cell therapy being investigated in a Phase 1/2 study in relapsed/refractory diffuse large B cell lymphoma (DLBCL). Arix has a 6.45% stake in Autolus and 12.1% in Harpoon.

SIMEC Atlantis Energy Limited (LON:SAE), which is developing the Uskmouth Conversion Project, has announced the start of a 28-day pre-application consultation (PAC) for the project. The group said the PAC will run from June 1, 2020, to June 29, 2020. In view of the current coronavirus pandemic, the Uskmouth Conversion Project PAC will be hosted online on the SIMEC Atlantis Energy website.

Providence Resources PLC (LON:PVR), the Ireland-based resource development company, has confirmed that it is now in receipt of £200,000 in respect of the second tranche of SpotOn Energy’s investment in the company and it has therefore issued a total of 6,116,208 new ordinary shares to SpotOn at an issue price of 3.27p each, the closing price on the London Stock Exchange on May 21, 2020, the date funds were originally expected to be received. The group noted that SpotOn Energy experienced some delays in closing out the necessary arrangements with its consortium because of current working and travel restrictions. As announced on April 6, 2020, SpotOn invested £300,000 into Providence as part of a recent $3.3mln fundraising and committed to invest a further £200,000 within six weeks of that announcement. Following the receipt of the second tranche of the investment, SpotOn will become a substantial shareholder in Providence owning 26,116,208 ordinary shares, representing 3.1% of the enlarged issued share capital of the company.

Vast Resources PLC (LON:VAST). the AIM-listed mining company, announced that its broker, Axis Capital Markets Limited, has published a flash note which can be found on the company’s social media pages and its website at the following link: https://www.vastplc.com/wp-content/uploads/2020/05/vast-axiscapital-marketsflashnote-29-05-2020.pdf

Afarak Group PLC (LON:AFRK) said that, due to changed circumstances, one of two directed share issues, first announced on May 29, 2019, that was to be done through a share exchange has been terminated. These share issues were related to two signed agreements for Afarak to acquire additional ownership in certain South African mining assets. Afarak said it has instead resolved on a direct share issue of a total of 2,123,343 of its treasury shares to its South African subsidiary, Chromex Mining Company (Pty) Ltd in order to enable ownership arrangement in Chromex SA that will result in additional ownership of mining assets in South Africa. This will benefit the company as the group's parent as, from its point of view, especially weighty financial reasons exist for the deviation from the shareholders’ pre-emptive right. Due to the relevantly modest size of the transaction and the fact that the company is increasing its ownership in assets that it already controls, Afrarak said it is not expecting the transaction to affect the financial performance of the group in 2020.

In a separate statement, Afarak Group also said its annual general meeting will be held on June 22, 2020, at 2pm, at the company´s headquarter, Kaisaniemenkatu 4, 00100 Helsinki, Finland. It added that shareholders of the company may participate in the meeting and exercise their shareholder rights only by voting in advance or by way of proxy representation and by presenting counterproposals and asking questions in advance as it is not possible to attend the meeting in person

Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company has said it has been notified that on May 28, 2020, Value Generation Limited, a company beneficially owned by its CEO, Paul Johnson purchased on market a total of 3,500,000 ordinary shares in the company at a price of 0.39p each. Following this purchase, the group added, Johnson has a beneficial interest in a total of 31,600,000 Ordinary Shares, representing approximately 5.72% of the issued share capital of the Company. In a separate statement, Power Metals subsequently said it had been notified that Value Generation Limited had also purchased on market another 2,000,000 ordinary shares at a price of 0.42 each, further increasing Johnson's beneficial interest in the company to a total of 33,600,000 ordinary shares, representing approximately 6.08% of the issued share capital.

Condor Gold PLC (LON:CNR) (TSX:COG) has announced that following an exercise of warrants, it is issuing 2,984,986 new ordinary shares in the company, comprising 312,499 at a subscription price of 31p each and 2,672,487 at a subscription price of 25p each, for which the company has respectively received gross proceeds of £96,875 and £668,122, or £764,997 in total. As part of that total, the company noted that Mark Child, it's executive chairman, Andrew Cheatle and Jim Mellon, each a non-executive director of the company, and Jeffrey Karoly, its chief financial officer exercised warrants for 8,333, 4,166, 1,041,666 and 4,166 new ordinary shares, respectively, for a total subscription value of £264,583.

Kodal Minerals PLC (LON:KOD), the mineral exploration and development company, has announced the issue of a total of 56,987,211 new ordinary shares at a price of 0.035p each, being Thursday's closing mid-market share price, to satisfy payment of certain third party professional fees.

Emmerson PLC (LON:EMM), the Moroccan focused potash development company, has announced that its annual general meeting will be held at 11.00am on June 24, 2020, at 55 Athol Street, Douglas Isle of Man, IM1 1LA.

Bidstack Group PLC (LON:BID), the native in-game advertising group, announced that at its annual general meeting held on Thursday each of the resolutions were passed by the requisite majority.

Instem PLC (LON:INS), a leading provider of IT solutions to the global life sciences market, has said it will announce results for the year ended December 31, 2019, on Wednesday, June 3, 2020. The group added that its management will be hosting a presentation via web conference on the day of the results at 10.30am. Analysts wishing to join should register their interest by emailing [email protected] or by telephoning 020 7933 8780.

Inspired Energy plc (LON:INSE), a leading energy consultant to UK and Irish corporates, has said it will announce its full-year results for the year ended December 31, 2019, on June 2, 2020. It added that an analyst briefing call will be held at 10.00am on the morning of results and those analysts wishing to join the presentation can register for details via [email protected]

ANGLE PLC (LON:AG) (OTCQX:ANPCY), a world-leading liquid biopsy company, has announced that it will be releasing its audited preliminary results for the 8 months ended December 31, 2019, on Thursday, June 25, 2020. In accordance with coronavirus (COVID-19) guidance from the Financial Reporting Council and pursuant to discussions with the company's auditors, RSM, in order to allow it sufficient time to complete the audit, this date is slightly deferred from that given in the earlier COVID-19 business impact update from the company on March 31, 2020.

Oncimmune Holdings PLC (LON:ONC), the leading global immunodiagnostics group, has said it will be announcing a trading update for the full year ended May 31, 2020, on Thursday, June 4, 2020. The group added that Dr Adam M Hill, its chief executive officer, together with Matthew Hall, chief financial officer, and Professor Tariq Sethi, chief scientific officer, will host an online presentation and conference call for analysts and investors at 10.30am BST on June 42020. The company will also be conducting live virtual laboratory tours with lead scientists at its sites in Nottingham, UK and Dortmund, Germany. This will provide the attendees with a rare insight into the science behind Oncimmune's EarlyCDT tests and its core immune profiling technology service, ImmunoINSIGHTS. For video conference details please email Alex Davis at FTI Consulting at [email protected] or telephone 020 3727 1000.

SDX Energy PLC (LON:SDX), the MENA-focused oil and gas company, announced that it will be hosting a retail investor conference call at 9.30am BST on Wednesday, June 3, 2020. The call will provide an update on operations and guidance while also providing a question and answer session for investors. It said investors wishing to participate in the event or ask a question prior to the call, should email: [email protected]

Eden Research PLC (LON:EDEN), the AIM-listed biopesticide products company has announced that it's annual general meeting (AGM) is to be held on Wednesday, June 24, 2020, at 12.00pm at 6 Priory Court, Priory Court Business Park, Poulton, Cirencester, Gloucestershire, GL7 5JB. The group said, given the current coronavirus (COVID-19) restrictions, regrettably it cannot allow shareholders to attend in person and the company's Articles of Association do not currently permit hybrid or virtual meetings. It added that shareholders are encouraged to submit their Form of Proxy in advance of the meeting and should they wish to ask any questions in relation to the resolutions they are encouraged to email them to [email protected] so as to be received no later than June 23.

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