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Proactive news headlines: Clear Leisure, Sunrise Resources, Condor Gold, Bloomsbury Publishing, ECSC Group …

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

Clear Leisure PLC (LON:CLP) has issued an update on its €10.8mln Sipiem SpA in Liquidazione legal claim against the previous management and audit committee. The AIM-listed group said the independent expert appointed by the court has formally accepted the appointment under oath at a hearing held on October 21 and will begin his assessment work on November 5. Sipiem, the claimant, has appointed its own expert while the defendants have appointed two separate experts. The judge has set the hearing for consideration of the expert reports for March 10, 2021.

Bloomsbury Publishing PLC’s (LON:BMY) interim results statement was a real page-turner with a happy ending, as earnings came in ahead of management’s expectations. Adjusted profit before tax shot up to £4.04mln in the six months to the end of August 2020, from £2.51mln in the same period of 2019. Reported profit before tax soared to £3.04mln from £1.30mln the previous year, with the difference between the adjusted and reported figures being largely accounted for by £883,000 (2019: £864,000) of amortisation of acquired intangible assets. Revenues rose by 10% to £78.3mln from £71.3mln the year before, driven by strong online book sales and e-book purchases.

Sunrise Resources PLC (LON:SRES) said good progress is being made at its CS Perlite-Pozzolan Project to deliver test samples of perlite to potential offtake partners. In a stock market release providing updates on the company’s projects in Nevada (USA) and Western Australia, Sunrise said a 100-ton bulk sample of perlite is to be processed at the end of this week at the CS Pozzolan-Perlite Project. Around 20-30 tons of coarse horticultural grade raw perlite will subsequently be split between five different customers across the USA for expansion testing.

Condor Gold PLC (LON:CNR)(TSE:COG) has commenced a ground investigation program consisting of 20 geotechnical drill holes and 58 test pits on the tailings storage facility, water retention reservoir and processing plant site at La India project, Nicaragua. Condor is accelerating La India project from a pre-feasibility level of design to final engineering designs on key infrastructure, in preparation for construction on the fully-permitted La India gold mine project.

Kodal Minerals PLC (LON:KOD) said it is “well funded” to continue development of its Bougouni lithium project in southern Mali as it secured additional financing from a loan agreement. In an update, the mineral explorer said the second and final advance of US$750,000 under its US$1.5mln convertible loan note agreement with Riverfort Global Opportunities and YA II PN Ltd meant it had sufficient funds to continue the gold exploration strategy at Bougouni, adding that progress on its mining licence application for the project has recommenced with all documents updated for the new ministry and interim constitution of the Mali Transition Government.

ECSC Group PLC (LON:ECSC), the cybersecurity services specialist, has landed two major contracts with a combined revenue value of £580,000. The new work has been won through the Managed Detection and Response (MDR) Division and the unnamed customers are major companies in the rail and building supplies sectors. The company said it will provide around-the-clock cybersecurity monitoring, detection and response support in the UK and Australia employing its Kepler Artificial Intelligence technology. Separately, ECSC said it has delivered its first Nebula Cloud MDR service to another new client, utilising its AI technologies.

Anglo Asian Mining PLC (LON:AAZ) has announced that the company’s Vejnaly project, which lies in territory previously occupied by Armenia, has now been restored to the control of the Azerbaijan government. Vejnaly is in the Zangilan district of Azerbaijan, occupied by Armenia since 1994. The Zangilan district is a mineral-rich district in the south-west of Azerbaijan. Under the terms of the company's existing production sharing agreement, the company has been granted the right to exploit Vejnaly, which is close to the villages of Amirkhanly and Aghband. The contract area covers approximately 300 square kilometres and contains the Vejnaly deposit which contains 6.5 tonnes of gold in the C1 and C2 categories.

Induction Healthcare Group PLC (LON:INHC) said its Induction Zesty platform, working in collaboration with Apple Inc (NASDAQ:AAPL) and health IT services group Cerner Corporation (NASDAQ:CERN), has recently supported the rollout of Health Records on iPhone to patients at the Milton Keynes University Hospital NHS Trust (MKUH), one of the first two NHS hospital trusts to launch the feature in the UK. The company said that hospitals using the Induction Zesty patient portal and Cerner Millennium, an electronic health records platform, can now take advantage of Zesty's very high patient adoption rates to maximise the number of patients accessing their health records on their iPhone.

ANGLE PLC (LON:AG) (OTCQX:ANPCY) has unveiled plans to raise £20mln, an additional investment that will propel the company firmly into the commercial phase of its development. Parsortix, its breakthrough liquid biopsy, has now been submitted for clearance by the US Food & Drug Administration for use in women with metastatic breast cancer. Now management is now looking at how best to develop and deploy its technology.

Sareum Holdings PLC (LON:SAR) said its application for a £174,000 grant from UK Research & Innovation (UKRI) to investigate the therapeutic potential of its SDC-1801 selective, small molecule TYK2/JAK1 kinase inhibitor to treat coronavirus has been conditionally approved.

The specialist drug developer said it is now awaiting a formal grant offer letter from UKRI and that subject to the grant being provided it has agreed to contribute an additional £64,000 in cash and commit additional management time to the project, which is expected to take around six months to complete.

Remote Monitored Systems PLC (LON:RMS) said it has noted the recent rise in the company's share price and confirms that it is not aware of any reason for the increase. As previously announced, the company's General Meeting will take place at 10.30am on November 4, 2020, at GyroMetric Systems Limited, Unit 23, The Heathcoat Building, Nottingham Science and Technology Park, University Boulevard, Nottingham, NG7 2QJ. The meeting will be a "closed meeting" with shareholders unable to attend due to the ongoing coronavirus, however, results will be published via RNS as soon as practicable following the meeting.

Cornish Lithium Ltd has appointed Varshan Gokool as its chief financial officer. Gokool will join the Cornish Lithium executive team to assist in the development of lithium projects in Cornwall in an economically and financially robust framework. He has over 22 years of experience in guiding publicly listed mining companies from project definition through to development and construction. Gokool was most recently president and CEO of Euromax Resources Ltd.

Redx Pharma PLC (LON:REDX), the drug discovery and development company focused on cancer and fibrosis has appointed Dr Jane Robertson as its chief medical officer. She is a well-respected UK haemato-oncologist with more than 17 years' experience of clinical development in oncology (cancer treatment) and has a breadth of experience investigating multiple tumours and agents. Dr Robertson is currently the chief medical officer at Achilles Therapeutics, a biotech company focused on the creation of a personalised T cell therapy directed against clonal tumour neoantigens. She will commence her role at Redx at the beginning of March next year.

IronRidge Resources Ltd (LON:IRR) has revealed final results from its second phase drilling programme at the Ebilassokro and Ehuasso targets, both within the Zaranou gold project area in Cote D'Ivoire. The licence borders with Ghana and is along strike from significant operating gold mines including Chirano, Bibiani and Ahafo. Among the highlights from Ehuasso were five metres at 33.63 grams per tonne gold, 14 metres at 4.67 grams and nine metres at 4.16 grams. In a separate statement, IronRidge Resources also advised that it's annual general meeting (AGM) is scheduled to be held on November 26, 2020, at 2.30pm (Brisbane time, Australia) at the offices of Hopgood Ganim Lawyers, Level 7 Waterfront Place, 1 Eagle Street, Brisbane Qld 4000.

Amur Minerals Corp (LON:AMC) has revealed that certain existing shareholders of Nathan River Resources Pte Ltd have opted to provide further US$10mln in equity financing to advance the shipment of stockpiles and processing of mined blocks at the Roper Bar iron ore project in the Northern Territories, Australia. The idea is to take advantage of the current high iron ore prices. Amur was offered the opportunity to participate in the additional equity but declined in order to focus existing funds on the Kun-Manie nickel-copper sulphide project.

Power Metal Resources PLC (LON:POW) said drilling at its first hole at Molopo Farms Complex in is progressing well and it looks forward to giving further updates. The AIM-listed junior will earn an additional 40% direct interest in the MFC Project by funding US$500,000 of exploration expenditure this calendar year, which will take its effective economic interest in Molopo to 50.96%. In a separate statement, Power Metals also announced it had received a notice to exercise warrants over 5,596,800 new ordinary shares of 0.1 pence each in the company at an exercise price of 1.0p per ordinary share and subscription monies of £55,968 have been received by the company in respect of the exercises.

Oriole Resources PLC (LON:ORR), the AIM-quoted exploration company focused on West Africa, announced that all of the resolutions that were put to shareholders at its general meeting held on Tuesday were duly passed. The company said it will now proceed with the issue of 463,402,941 ordinary shares in respect of the placing and 86,117,647 ordinary shares in respect of the Minexia offer (announcements dated October 7, 2020) in order to raise £1.87mln before expenses.

Capital Limited (LON:CAPD), the mining drill rig contractor, received an upgrade to buy from Peel Hunt, which sees the recent dip in the share price as unwarranted. A high gold price is leading to plenty of exploration activity, says the broker, which will help revenues in the current year. A recent third-quarter trading update indicated rig utilisation rates had risen, a feature Peel Hunt expects to continue through to the year to December 2021 and something that will feed into higher rig revenues as availability tightens. Peel Hunt raised its target price to 90p from 86p and said it will look at it again if more mining services contracts are won.

Ariana Resources PLC (LON:AAU), the exploration and development company operating in Turkey, said it has been informed of the following share transactions. On October 23, 2020, Michael de Villiers, its chairman, disposed of 500,858 ordinary shares in the company at 5.61p per share; on the same date, de Villiers purchased 425,000 ordinary shares in his SIPP at 5.86p per share; and on the same date, his wife purchased 75,000 ordinary shares in her SIPP at 5.86p per share. Accordingly, the holding of de Villiers now stands at 55,799,142 ordinary shares in the company, representing a holding of 5.25%.

Instem PLC (LON:INS), a leading provider of IT solutions to the global life sciences market, has said it will be hosting a presentation through the digital platform, Investor Meet Company, at 4.30pm November 4, 2020. The company will discuss recent results, where it provided an update on trading and progress on its acquisition strategy following its July 2020 fundraiser. It will also discuss divisional developments, specifically within the areas of Informatics and SEND (the Standard for the Exchange of Non-clinical Data). No new price sensitive information will be provided. Investors can sign up to Investor Meet Company for free and add to meet Instem via the following link: https://investormeetcompany.com/instem-plc/register-investor. A copy of the presentation will be made available on the company's website shortly after the presentation.

AFC Energy PLC (LON:AFC) has welcomed the global launch of Extreme E’ 2021 season for the inaugural all-electric SUV rally championship in a live webcast. The AIM-listed provider of hydrogen power generation technology is working with Extreme E and all of its announced racing teams to provide zero emission E-SUV charging for each race event across five strategic locations internationally, highlighting the role motorsport can play in raising awareness of climate change and the need for enhanced environmental protection.  

Benchmark Holdings PLC (LON:BMK), the aquaculture health, advanced nutrition, and genetics business, has said it will announce its full-year results, for the period ended September 30, 2020, on Friday November 27, 2020. It added that Trond Williksen, the group’s chief executive officer and Septima Maguire, its chief financial officer will host a webcast for analysts on that day at 8’30am UK time. To register interest, investors should contact: [email protected]

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