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MediaZest* 0.0425pp £0.6m (LON:MDZ)
MediaZest has been awarded two new projects, one from an existing client and one from a new client .
The Projects, which are in the Corporate and Retail sectors respectively, will generate revenue of £125,000 for the Group at a minimum, with additional revenue expected from each. Completion of both Projects is anticipated in August 2020.
The Board continues to receive new client briefs as companies emerge from the lockdown and will provide shareholders with further updates regarding new business opportunities for MediaZest as appropriate.
Thor Mining* 0.37p £4.5m (LON:THR)
Q&A document which reflects some of the questions received from shareholders following the Company's recent announcements in respect of the proposed acquisition of uranium & vanadium focussed claims in the USA. Notes that the funds raised in the recent placement, and the funds expected from the forecast sale of the Spring Hill royalty entitlement are expected to be sufficient to meet the envisaged project expenditure for these new assets, and also our copper, gold, tungsten and molybdenum projects for the balance of this calendar year.
Outlines positive dynamics in the Uranium market, states that the assets’ project claims are in an area of historical high grade production. There is a processing plant close by, which; a. Has significant spare capacity and b. Has historically acquired and / or toll treated ore from mines in the region for processing and conversion into saleable uranium and vanadium concentrates. Gives an outlook on the rest of the diversified portfolio which includes quite advanced copper, tungsten and molybdenum projects and some early stage gold projects.
Pelatro 48.5p £15.8m (LON:PTRO)
AGM Update. Current trading — “As noted in our announcement of 8 April 2020, we continue to see "business as usual" and it is pleasing to report that the Group's activities have been minimally impacted by the coronavirus pandemic. Most of our employees continue to work from home, with a small number working from our offices in India, where the lockdown restrictions have been partially lifted. Despite the additional scrutiny of any investment decision due to the pandemic, our customers continue to invest in our solutions, which allow them to reach their subscribers directly. Demand for Pelatro's solutions has not flagged and, as a result of various new contracts, including Change Requests and new "modules" our revenue visibility for 2020 has increased to US$5.0m and Annualised Recurring Revenue (ARR) to $4.7m.”
Evgen Pharma 11.05p £14.7m (LON:EVG)
The clinical stage drug development company, announced participation in the recently notified funding initiative for COVID-19 clinical trials by the medical research charity, LifeArc. Under this scheme Evgen's lead product candidate, SFX-01, has been selected for evaluation in a randomised Phase II/III trial to be sponsored by the University of Dundee. The trial will investigate whether SFX-01 can reduce the severity, or prevent the onset of, acute respiratory distress syndrome associated with COVID-19, thus reducing the need for invasive patient ventilation and potentially improving recovery times.
SFX-01 upregulates the Nrf2 pathway which is part of the natural human defence against inflammatory and oxidative stress, such as the inflammation that occurs during a severe viral infection. Preclinical studies have shown that up-regulating the Nrf2 pathway reduces the severity of ARDS, the progressive lung damage observed in COVID-19 patients which can result in the need for invasive ventilation in an intensive care unit.
XL Media 22.75p £42.6m (LON:XLM)
The global digital performance publisher, announced the appointment of Ken Dorward to its Global Executive Committee as President - North America. XLMedia is currently consolidating and rebalancing its publishing portfolio, with a greater emphasis on regulated and high-potential markets, to deliver more sustainable and predictable growth. This key appointment is aimed at accelerating the Company's progress outside Europe, with a particular focus on the significant opportunity in North America in the Personal Finance and Sports markets. Most recently Ken was COO and CFO of Rakuten Advertising, a performance marketing, media and data insights subsidiary of Rakuten Inc.
The Panoply Holdings 75p £41.6m (LON:TPX)
The technology-enabled services group focused on digital transformation, announces that it is now able to disclose that its subsidiary FutureGov has won a strategically significant contract with the Ministry of Housing, Communities and Local Government (MHCLG), as part of the £9.5 million of new business wins in the first 8 weeks of the current year that the Group announced on 26 May 2020. The project will enable local authorities across England to access the £3.6 billion 'Towns Fund', a fund that will be invested into 100 towns as part of the government's plan to level up the UK's regions.
Panthera Resources 4.75p £4.02m (LON:PAT)
The gold exploration and development company with assets in India and West Africa, has entered into a new term sheet which extends the partnership entered into with Galaxy Gold Mines Pvt Limited as announced on 20 December 2018.
Unless further extended, the new term sheet with Galaxy will terminate on 16 December 2020. Galaxy providing administrative, legal, permitting and technical support in India that will allow it to potentially earn up to an additional 12% equity in IGL upon achieving certain success hurdles in the lead up to the commencement of mining at the Bhukia Project.
Science Group 225p £93.4m (LON:SAG)
Science Group has appointed Peter Bertram to the Board of Directors as Non-Executive Director with effect from 17 June 2020. Mr Bertram will also Chair the Audit Committee and be a member of the Remuneration and Nomination Committees.
Mr Bertram is currently Chairman of Manolete Partners PLC and a Non-Executive Director of Low & Bonar plc. He has previously held a variety of Non-Executive board positions including Alphameric plc, Anite plc, Microgen plc, Phoenix IT group plc and Psion plc, and was CEO of Azlan Group plc. Mr Bertram is a Chartered Accountant and has a degree in Accounting from the University of Kent.
Metal Tiger 2.175p £33.1m (LON:MTR)
Notes the Drilling Operations Update released by Southern Gold Limited earlier today. Metal Tiger has a 17.1% equity interest in Southern Gold.
Highlights from Southern Gold’s announcement:
All three diamond drill holes completed at the Aphae Project intersected significant sulphide and/or silica flooded vein breccia and base metal sulphide veining intersected, assays pending.
A wider than expected interval of sulphide-rich breccia zone in APDD003 at Aphae has resulted in an additional diamond drill hole targeting down dip of this zone.
Multiple zones of dynamic polyphasal low-sulphidation epithermal veining were intersected at ‘Hand of Faith’, Beopseongpo, but only returned a peak of 0.24m @ 1.71g/t gold from 139.97m in BPDD013.
Assays expected from the drill program at ‘Spider’, Beopseongpo in early July.
Diamond drilling ongoing at ‘Shin Hill’, Deokon Project.
Tekcapital 12.5p £11m (LON:TEK)
The UK intellectual property investment group focused on creating marketplace value from university technology, announces that its portfolio company Belluscura plc is making good progress with its 510K submission though it has been impacted by COVID-19 associated external supply chain issues which has increased the scarcity of certain key components, increased lead times, and reduced capacity at part manufacturers and testing facilities. Belluscura is in the process of completing the final surety tests and anticipates it will receive 510K clearance within H2.
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