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Proactive news headlines: Corero Network Security, Digitalbox, Oriole Resources, Tally...

A glance at some of the day's highlights from the Proactive Investors newswire

Proactive news headlines: Corero Network Security, Digitalbox, Oriole Resources, Tally...

Corero Network Security PLC (LON:CNS) has reported a record order intake in the three months to September 30, with over US$6mln booked. The provider of real-time DDoS defence solutions said it includes its largest ever customer order, nine new customer wins, including three customers in Asia-Pacific and continued traction with partners such as Juniper and GTT. 

Digitalbox PLC (LON:DBOX) is adding the student publisher Tab Media to its stable of digital titles that includes The Daily Mash and Entertainment Daily. The £750,000 acquisition will be funded from a £1.2mln direct subscription by the Downing Strategic Micro-Cap Investment Trust at 4.9p a share.

Tally said customer numbers for its gold-backed bank account topped 7,000 at the end of the quarter to September 30. Ahead of a planned return to a public listing and a disposal of some assets, the company completed a private capital raising round at 2p per share to bring in £300,000, with the board subscribing £20,000.

Oriole Resources PLC (LON:ORR) told investors that drilling at the Hesdaba gold project, in Djibouti, has unearthed significant grades. The Thani Stratex Djibouti (TSD) venture, 11.8% owned by Oriole, has drilled a total of 3,460 metres with highlights including 16 metres at a grade of 3.84 grams per tonne gold.

Alien Metals Ltd (LON:UFO) said it set to acquire 117sq km of acreage adjacent to its Elizabeth Hill silver project in Western Australia. The acquisition comes with historical technical data on precious and base metal prospects identified by previous operators.

Anglesey Mining PLC (LON:AYM) told investors that a preliminary economic assessment (PEA) is now underway at the Parys Mountain project, in North Wales. It is expected that the production rate can be expanded from that envisaged in a scoping study and that the prior eight-year life-of-mine can be extended significantly.

Caledonia Mining Corporation PLC (LON:CMCL) has increased its quarterly dividend payment by 18% to 10c per share, making a 45% cumulative increase over the past twelve months. The Zimbabwe-focused gold miner said equipping the central shaft at the Blanket Mine is on schedule to be completed in the final quarter of this year with commissioning by end first quarter 2021.

Power Metal Resources PLC (LON:POW) will mobilise a technical team to the Haneti nickel project in Tanzania shortly. Preparations are already underway for the maiden drilling programme, which will target potential nickel sulphide and PGM mineralisation.

Primary Health Properties PLC (LON:PHP) said its fourth quarterly interim dividend in 2020 of 1.475p will be paid on 20 November to shareholders on the register on 9 October. 

In spite of the difficult times faces by the aviation industry, Stobart Group Limited (LON:STOB) is trading much as expected at the time of its June fundraising and has a healthy cash balance and undrawn bank facilities of around £119mln.

Immotion Group PLC (LON:IMMO) announced the launch of its brand new 'in-home' product, the 'Let's Explore Oceans' mega pack. The new offering comes as a complete boxed solution, including virtual reality (VR) goggles, carry case, holographic cube, hardback colour factbook, plus ten VR movies and four augmented reality (AR) experiences.

Vietnam Holding Limited (LON:VNH) reported US$117.3mln of total net assets at the end of June and net asset value per share was marked at US$2.308, with the discount to net asset value stated at 17.6%.

Arix Bioscience PLC (LON:ARIX) said that its portfolio company LogicBio Therapeutics, Inc. (NASDAQ: LOGC), has announced the pricing of its underwritten public offering in the US. Venture capital company Arix said it has agreed to invest $3mln in the offering and retains a stake of 9.4% in LogicBio.

KR1 PLC (AQSE:KR1) has invested in the Moonbeam network project, an Ethereum-compatible smart contract platform on the Polkadot network. As part of Moonbeam’s seed funding round, the digital asset investment company invested a total of US$100,000 in the project and will receive a yet-to-be-determined amount of Glimmer tokens that will power Moonbeam’s blockchain.

Sensyne Health PLC (LON:SENS) announced it has signed a non-exclusive data sharing agreement with NHS Greater Glasgow and Clyde. It will allow the clinical artificial intelligence company to get access to three separate anonymised patient data sets in three specific disease areas, including cardiovascular disease.

Learning Technologies Group PLC (LON:LTG) confirmed that all conditions relating to the acquisition of eCreators have been satisfied and that the transaction completed on October 1.

Scott Maybury, chief executive of PCF Group Plc (LON:PCF), said the specialist lender’s most recent performance exhibited an "encouraging combination of operational resilience, cautious lending and continuing profitability”.
A trading statement revealed PCF had progressively tightened risk credit appetite, meaning prime lending for the year would be 83% of the total, up from 74% a year earlier.

Coinsilium Group Limited (LON:COIN) told investors it is well positioned to capitalise on the burgeoning decentralised finance and crypto finance sectors after shifting its focus in 2020.

Bahamas Petroleum Company PLC (LON:BPC) has raised £9.5mln in an institutional share placing to boost the explorer’s funds ahead of the high impact Perseverance-1 well.

Adamas Finance Asia (LON:ADAM) said it has received confirmation that the remaining subscription monies due from its recent share placing have been transferred and should be credited to its bank account “shortly”. In the same announcement, investors were told financial guidance for Future Metal Holdings for the 2020, which was to be provided in September, will now be given in the quarterly portfolio update to be released by the end of October or early November.

AFC Energy PLC (LON:AFC) has been invited to present its AlkaMem anion exchange membrane technology to industry at the prestigious Fraunhofer Society today focused on areas where it sees "significant growth potential": alkaline water electrolysis and green hydrogen generation.

Xpediator PLC (LON:XPD) has appointed Robert Ross as chief executive officer of the group with immediate effect. He has been working as the freight management services provider's interim CEO and chief financial officer.

Metal Tiger PLC (LON:MTR) has appointed David Wargo to the board as a non-executive director with immediate effect. Wargo is a senior natural resource investment banker with over 21 years of experience in the mining industry and banking industry, currently managing director of investment banking at Sprott Capital Partners. Chairman Charles Hall said: “David’s appointment will complement the board greatly, bringing his specialist knowledge and contact base as a senior natural resources investment banker with a strong technical background. His position with Sprott Capital Partners will also be of benefit to the company as we continue to focus on growing the business opportunistically in today’s market.”

Silence Therapeutics plc (LON:SLN)(NASDAQ:SLN) chief executive officer Mark Rothera and Giles Campion, head of R&D and chief medical officer, will participate in a fireside chat at the Chardan Virtual 4th Annual Genetic Medicines Conference on Monday, October 5, 2020 at 2pm EDT (9pm BST). A live webcast can be accessed via the investors section of the company's website at www.silence-therapeutics.com with an archived replay available for 90 days.

Ergomed PLC (LON:ERGO) is today posting a circular to shareholders giving notice of general meeting where it lays out the process of a proposed capital reduction, which is conditional upon a shareholder vote and court approval. The general meeting, where shareholders need to vote by proxy in advance will be held at 9.30am on October 19.


 

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