Proactive news headlines: Gfinity, Westminster Group, Jubilee Metals, Integumen ....

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) said its Gfinity Plus rewards programme will go live on Wednesday, allowing gamers to register and be eligible for giveaways and incentives. The esports group said Gfinity Plus will also offer exclusive content, forums and gamification for its online community from August. The company will use its own technical IP for the first time on its websites to provide functions that deepen visitor engagement such as fan forums and the ability to comment on articles. Gfinity Plus will be available to gamers who visit all of the company’s digital media sites, starting with gfinityesports.com before being rolled out to realsport101.com and stealthoptional.com.

Westminster Group PLC (LON:WSG), the security and technology group, has said revenues jumped by around a quarter in its latest half-year in spite of the coronavirus (COVID-19) pandemic uncertainty. The AIM-listed group said trading started the half-year on a positive note, which continued throughout the period even with the disruption from COVID-19. Westminster noted that interim revenues rose by 24% to £7.0mln (2019: £5.6mln) with the company making both a pre- and post-tax profit.

Jubilee Metals Group PLC (LON:JLP) has delivered its sixth consecutive six-monthly period of double-digit growth, posting a 54% increase in first-half earnings to £12.8mln. The growth was achieved notwithstanding the loss of the equivalent of approximately two months' of operational time due to restrictions under coronavirus legislation in South Africa, where Jubilee has its operations. The company was also able to boost revenue by 18% to £29.4mln.

Integumen PLC (LON:SKIN) has formalised its collaboration with Avacta PLC (LON:AVCT) to use the latter’s technology in a coronavirus (COVID-19) detection kit. It has signed a material transfer agreement to use recently-generated affimers that bind the SARS-COV-2 spike protein to pick up the tell-tale signs of the respiratory infection in wastewater. The affimers, small proteins that bind to target molecules, will be coated to Integumen’s wafer nano-photonic surfaces. The company will test up to six separate variations of the Avacta IP at its facility in York over the “next few weeks” before the validation of the sensors on SARS-CoV-2 at a secure lab at Aberdeen University.

Clinigen Group PLC (LON:CLIN) said the US regulatory authorities have granted its cancer drug, aldesleukin, orphan drug designation for the treatment of the degenerative disease amyotrophic lateral sclerosis, or ALS. The Food & Drug Administration (FDA) decision confers certain benefits if aldesleukin is shown to have a therapeutic effect on people with ALS. These include seven years of marketing exclusivity in the US, as well as tax credits for clinical development costs and fee waivers.

Directa Plus PLC (LON:DCTA) has revealed that its Setcar has bagged its third major contract win since the AIM-listed company bought a controlling stake in November 2019. Setcar has signed a contract to supply total waste management services to Cummins Generator Technologies Romania, a part of the Fortune 500 company, Cummins. The contract is valued at around US$3mln over three years from October 1, 2020.

Corero Network Security PLC (LON:CNS) said the first half of 2020 saw it continue the momentum built up in the second half of 2019 as the work from home boom during the coronavirus (COVID-19) pandemic has heightened awareness of its services. The network security expert said order intake in the first half of 2020 increased by 58% to US$7.9mln from US$5.0mln in the first half of the previous year. Half-year revenue is expected to be up 48% year-on-year to US$6.2mln. By July 12, 20230, annualised recurring revenues (ARR) had increased to US$8.8mln, driven by growth in DDoS (distributed denial of service) protection-as-a-service (DDPaaS) and software subscription orders.

Eco Atlantic Oil & Gas Ltd (LON:ECO) told investors that decisive early action to prioritise cost control has delivered considerable savings during the coronavirus pandemic, whilst the explorer continues to eye plans for new wells in 2021. The company, in its financial results, said it has saved around US$1mln in general and admin expenses, and public company costs. It ended the twelve-month period, March 31, 2020, with C$26.48mln of cash and equivalents.

Coinsilium Group Limited (LON:COIN) has said it is undertaking a strategic review of its business to capitalise on “substantial opportunities in the burgeoning decentralised finance (DeFi) and crypto finance sector” and realign itself to participate in its recently launched IOV joint venture in Singapore. The crypto investment and advisory group noted that the global crypto finance market is showing “strong month-on-month growth”, with active collateral on DeFi platforms now over US$2.1bn.The group said it is currently working on several DeFi models with the aim of launching commercial solutions either independently or through its partner network. Meanwhile, as part of the review, the company said its investment holding company, Seedcoin Limited, has been redomiciled from the British Virgin Islands to Gibraltar in order to realise value from the firm “in the near term by way of a transaction, liquidity event or outright sale”.

Mineral and Financial Investments Limited (LON:MAFL) has detailed its latest investment of US$100,000 in the seed-round for Ideon Technologies which is described as “a world pioneer in cosmic-ray muon tomography”. Ideon, a spin-off Canada's national particle accelerator laboratory, is focused on applying its x-ray-like technology to mineral exploration and resource development ventures. M&FL noted that the technology is capable of providing visibility of up to 1 kilometre beneath the earth’s surface and may potentially exploration and resource development.

Frontier IP Group PLC (LON:FIPP) said its portfolio group, Pulsiv Solar Limited, is continuing to make “strong commercial and technical progress” with its energy efficiency and power generation technology. The IP investment firm said Pulsiv has started design work, funded by a major multinational, to incorporate its technology in a new product line, and is also in discussions with a number of other large firms about a range of further industrial applications. The investee, in which Frontier owns an 18.9% stake, is also in discussions with investors to raise further funding which, if completed, will be at a “significant premium” to the current book value, which will, in turn, be reflected in Frontier’s results for the year ending June 30, 2020.

Regency Mines PLC (LON:RGM) has said it is initiating exploration for the 2020 season at the 50%-owned Dempster vanadium project in Canada. The programme will include a soil and geochemistry program, and the reprocessing of a suite of existing core pulps for indications of major oxides and carbon, both of which would be highly correlated with elevated vanadium results. The company anticipates being in a position to drill in 2021.

Remote Monitored Systems PLC (LON:RMS) has raised £265,000 to support the growth of its GyroMetric and Cloudveil businesses. The monitoring, intelligence and security company has placed 106mln shares at 0.25p each; the shares closed trade on Friday at 0.24p. Existing shareholder Braveheart Investment Group PLC (LON:BRH) subscribed for 80mln of the newly issued shares, thereby increasing its stake to around 25.8% of the enlarged share issue of Remote Monitored Systems.

Panther Metals PLC (LON:PALM) has placed just over 3.8mln shares at 6.5p each to raise £250,000. The company will use the money to continue work on the 100%-owned Big Bear project in Ontario, Canada and the 100% owned Marrakai and Annaburroo projects in the Northern Territory, Australia. The placing shares approximately 7.63% of Panther's share capital.  Additionally, the company said it has acquired an additional 19 mining claims adjacent to Big Bear. Panther spent C$30,000 in total, although it also staked some claims itself.

4D pharma plc (LON:DDDD) is to raise a gross £7.7mln through a placing to progress its cancer and COVID-19 development. The placing, at 35p, will provide sufficient funds to fund operations to at least four key clinical study datapoints over the next eighteen months, said the AIM-listed pharma. Directors have subscribed for approximately £510,500 of the shares.

EQTEC PLC (LON:EQT) has said it will vigorously defend a claim of patent infringement filed against it in the US, adding it was opportunistic and spurious. Aries Clean Energy of Franklin, Tennessee, filed the complaint on July 9, 2020, alleging the infringement in the use of EQTEC’s advanced gasification technology in the North Fork Community Power plant in California. The complaint is specific to the US only and does not extend to the company's activities and pipeline of projects in the UK and Europe, EQTEC said in a statement.

Vast Resources PLC (LON:VAST), the AIM-listed mining company which owns the Baita Plai Polymetallic Mine in Romania has confirmed that the shipping schedules of the remaining containers of equipment, as previously announced on June 8, 2020, remain on track with the arrival of the fourth shipment of equipment at the Port of Constanta in Romania this morning. The remaining containers are expected to arrive during the course of this week. The company said it will release footage of these remaining containers being unloaded at Baita Plai on social media ahead of the commencement of production this month.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has been granted green label certification for debt issued to develop its Lake Way Sulphate of Potash (SOP) Project, which confirms the Western Australian project's positive environmental aspects. The green label is set out by the Loan Market Association (LMA) and Asia Pacific Loan Market Association (APLMA) green loan principles and will be positive for the company’s debt partners, as well as all other stakeholders including the local community, offtakers and suppliers.

Union Jack Oil PLC (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company announced that it has been notified that an executive director of the company, Joseph 0`Farrell on July 10, 2020, purchased 11,100,000 ordinary shares of 0.025p each in Union Jack, at a price of 0.225p per share. Following this purchase, the group noted, O`Farrell is the beneficial owner of 286,832,806 ordinary shares in the company representing 1.86% of the issued share capital.

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that on July 10, 2020, the company repurchased US$1,000,000 Avation Capital S.A. 6.5% senior notes due 2021 issued under its global medium-term note programme. The notes were acquired through the market at a price equal to 76% of face value and will be cancelled.

Metal Tiger PLC (LON:MTR) has revealed that a prospectus has been lodged with the Australian and Securities and Investment Commission in respect of the initial public offering of Pan Asia Metals Ltd, in which it currently holds a 7.29% stake. The anticipated listing date is late September 2020. In a separate statement, Metal Tiger also noted that drilling at the Kitlanya East project in Botswana has now resumed. Kitlanya East is owned by Kalahari Metals, a company in which Metal Tiger has a 62.2% stake.

In another separate statement, Metal Tiger said it has entered into a further equity derivative collar financing arrangement. The agreement, termed the Fourth Financing Arrangement is secured over, in aggregate, 280,141 Sandfire shares held by Metal Tiger, representing approximately 0.16% of Sandfire’s issued share capital. Metal Tiger will borrow A$1.68mln against these shares.

Landore Resources PLC (LON:LND) announced that all resolutions regarding its recent placing were duly passed at the company's extraordinary general meeting held on Monday. The group announced on June 29, 2020, that it had conditionally raised gross proceeds of £2.8mln through a placing of 414,814,815 new ordinary shares at a price of 0.675p each and the issue of 414,814,815 warrants to new and existing institutional investors in the company.

Polarean Imaging PLC (LON:POLX), the medical imaging technology company, with a proprietary drug‑device combination product for the magnetic resonance imaging (MRI) market, announced that at its AGM held on Monday, all resolutions were duly passed.

SCB Group has been awarded ISO certification for its environmental management system across its global businesses. The low carbon commodity brokerage has earned its ISO 14001:2015 standard, which is said to help organisations improve their environmental performance through more efficient use of resources and reductions of waste.

Oracle Power PLC (LON:ORCP) has announced that in line with the company's investor communication programme, its CEO, Naheed Memon will be conducting a shareholder Q&A session which will be made available on the company's website by close of business on Monday, July 20. During the Q&A session, the group said, Memon will reflect on the developments and achievements of the company during Q2 2020 and post period end, specifically, she will discuss the progress made towards securing the previously announced Letter of Intent and project development milestones in respect to Oracle's Thar Block VI, in addition to the subscription and financing facility announced on July 9, 2020. It said shareholders are invited to submit questions to Memon by 5pm on July 15, 2020 via email at [email protected].

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