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Proactive news headlines: Thor Mining, Europa Oil & Gas, W Resources, Seeing Machines ...

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

Thor Mining PLC (LON:THR) (ASX:THR) said that there was visible gold in stream sediment sample panning from the third phase of gold geochemical sampling carried out earlier this month at the 100%-owned Pilbara Goldfield tenements in Western Australia. In a statement, Mick Billing, executive chairman of Thor Mining, commented: "Another step closer in the process of narrowing down Ragged Range drill target selection, with visible gold again found in the stream sediment samples consistently along the 13 kilometre corridor of anomalous gold."

Europa Oil & Gas Holdings PLC (LON:EOG) has been granted a one-year extension to the initial phase of the Inezgane exploration permit, offshore Morocco. The extension makes up for the time lost on the project due to the coronavirus (COVID-19) pandemic and allows sufficient time for the company to complete its technical work programme. This work sees the company derisking 30 prospects and leads, estimated to host some 10bn barrels of unrisked oil resources. Europa owns a 75% stake in the project which spans some 11,228 square kilometres.

W Resources PLC (LON:WRES) has told investors it is “extremely encouraged” by the La Parilla mine’s performance in the month of September, as the Spanish operation began showing improved performance following a phase of upgrade work. The producing week was truncated to three days during the third quarter, allowing teams to access plant facilities so that they could be optimised. La Parilla produced a total of 171,454 tonnes of run-of-mine ore feed to the plant, representing a pro-rata improvement of 58% - in actual like-for-like terms volumes were down 32%.

Seeing Machines Limited (LON:SEE) revealed it has signed a non-binding Memorandum of Understanding (MOU) with global aerospace and defence technology company, L3Harris Technologies (NYSE:LHX) to collaborate to enhance pilot training technology. The technology company, that designs advanced computer vision AI-powered operator monitoring systems to improve transport safety, said the MOU frames the intent to enter into a global non-exclusive license agreement to collaborate on the firm's dedicated precision eye-tracking system for flight crew training in the full flight simulator (FFS) environment.

Guild Esports PLC (LON:GILD) has unveiled its latest signing - a top-tier squad competing in Valorant, a shooter game launched by Riot Games in June. Yacine Laghmari ‘Yacine’, Malkolm Rench ‘Bonkar’, Leo Janneson ‘Leo’, William Sundin ‘Draken’, and Filip Gauffin ‘Goffe’ have moved from Sweden’s successful ‘Team Bonk’. They will join Guild’s existing outfits competing in Rocket League and FIFA.

ADM Energy PLC (LON:ADME) has updated investors on Superdielectrics Ltd, which it deems a ‘legacy investment’, though the firm has just closed a £13mln funding round that results in a significant mark-up on the initial investment. Superdielectrics owns a patent on what ADM describes as a highly disruptive technology with “the potential to help solve the world's renewable energy storage problem.” The technology company raised £13mln pricing new shares at £4.50 each. ADM holds some 195,000 which were bought in 2017 and 2018 at an average cost per share of £1.025. ADM's shareholding was valued by the latest funding round at £877,500, versus a total of £199,875 spent to buy the shares.

Norman Broadbent PLC (LON:NBB) has promoted Angela Hickmore to group managing director and has appointed four divisional managing directors to help drive growth. The executive search firm, which has branched out into interim management and consulting, earlier this month acquired the outstanding minority interest of 25% of Norman Broadbent Interim Management Limited from Hickmore.

LoopUp Group PLC (LON: LOOP) has launched a new affordable HD videoconferencing service to enable businesses to organise their own virtual meetings. Known as LoopUp Rooms, the company said it will combine its existing remote meeting solution with off-the-shelf hardware to create competitively-priced, plug-and-play video conferencing suites accessible to all users.

Mineral & Financial Investment Limited (LON:MAFL) has noted the start of work on Ascendant Resources Inc's autumn exploration program at the Lagoa Salgada VMS project in Portugal. Ascendant's programme is part of a phased earn-in to the project through its joint venture agreement with Redcorp Empreedimentos Mineiros (75% owned by MAFL). This programme follows the robust findings of a preliminary economic assessment, announced in January 2020, and, comprises 2,700 metres of drilling and downhole induced polarity (IP) surveying.

Oncimmune Holdings PLC (LON:ONC) has welcomed the publication of abstracts from two clinical studies that provide “independent validation” of the company’s EarlyCDT Lung blood test. The data were presented in detail at the recent American College of Chest Physicians (CHEST) annual meeting. The first paper assessed the performance of the EarlyCDT Lung blood test in PANOPTIC clinical trial samples to identify potentially malignant indeterminate pulmonary nodules (growths in the lung). The second paper looked at the use of two blood-based biomarker tests in tandem to reclassify the risk of indeterminate pulmonary nodules.

AEX Gold Inc. (LON:AEX) (CVE:AEX), an independent gold company with a portfolio of gold licences in Greenland, has updated investors on the 2020 exploration drilling campaign at its Nalunaq property in South Greenland. The company said that infill drilling at Nalunaq successfully intercepted the Main Vein with true thicknesses of up to 1.36 meters and visible gold, among the thickest intersections ever drilled at Nalunaq.

 

C4X Discovery Holdings PLC (LON:C4XD) has raised a total of around £15mln, before expenses, to strengthen its balance sheet while it is in partnership discussions and provide working capital for its drug development programmes. The group said a total of 99,169,286 units and 7,973,572 EIS/VCT shares have been placed, conditionally, by Panmure Gordon at an issue price of 14.0p each. The placing shares represent approximately 89.9% of the issued ordinary share capital of the company prior to the placing. The net proceeds of the placing of approximately £14.5mln are expected to provide the company with at least twelve months working capital.

Premier African Minerals Limited (LON:PREM) has raised a gross £1.1mln through a placing at 0.04p per share. States Bridge Capital, which has just been appointed the company’s financial adviser, helped arranged the financing and will now assist Premier find high-value exploration and/or cash generative assets.

Falcon Oil & Gas Ltd. (LON:FOG) (CVE:FO) said it has been informed that the Bankruptcy Estate of Petrohunter Energy Corporation is the beneficial owner of 48,101,000 common shares of the company representing 4.90% of Falcon’s issued and outstanding Shares. Sweetpea Petroleum Pty Ltd. is no longer a beneficial owner of Falcon Shares, it added.

RM Secured Direct Lending PLC (LON:RMDL), an investment trust specialising in secured debt investments, announced that on Tuesday, October 20, 2020, its investment manager, RM Capital Markets Limited acquired 12,500 ordinary shares of 1.00p each in the company at 79.00p per share. Following the purchase, the investment manager's total holding of RM Secured Direct Lending ordinary shares is 1,237,325, the firm added.

Remote Monitored Systems PLC (LON:RMS) said it has received notification to exercise a further 10,000,000 warrants at an exercise price of 0.5p each. The consideration received by the company will be £50,000.00.

Itaconix PLC (LON:ITX) (OTCQB:ITXXF), a leading innovator in sustainable specialty polymers, has announced that the company will release interim results for the six months ended June 30, 2020, at 7.00am on October 28, 2020, and provide a live presentation of the results at 1.00 pm via the Investor Meet Company platform. Investors who are not registered with Investor Meet Company can sign up for free and add the meeting with Itaconix via: https://www.investormeetcompany.com/itaconix-plc/register-investor

Salt Lake Potash Limited (LON:SO4) (ASX:SO4) has said its annual general meeting will be held at the Conference Room, Ground Floor, BGC Centre, 28 The Esplanade, Perth, Western Australia on Friday, November 20, 2020, at 11.00am WST.

Impax Environmental Markets PLC (LON:IEX) has announced that details of its portfolio as at the month-end June 30, 2020, are now available on the company's website at: https://impaxenvironmentalmarkets.co.uk/wp-content/uploads/2020/03/IEM_Holdings_2020_06_30.pdf

Proactive Research has issued a report on Primary Health Properties (LON:PHP), the real estate investment trust (REIT) that holds a portfolio of 510 primary health facilities in the UK (92% of the portfolio by value) and Ireland (8%). Analyst Ed Stacy said he believes that "the conditions remain in place for PHP to continue generating strong returns in the next few years, and to continue its unbroken run of dividend increases."

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