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The Markets
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Proactive news headlines: Ondine Biomedical, Bidstack, Union Jack Oil ...

A snapshot of the stories on Proactive's website today

Ondine Biomedical has completed recruitment for its phase 2 nasal photodisinfection technology that aims to demonstrate how its eradicates pathogens - specifically Staphylococcus aureus - in the nose.

The single-centre, BENEFIT-aPDT open-label study is being carried out at HCA Healthcare's Memorial Health University Medical Center in Savannah, Georgia, and has recruited over 300 patients.

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Mosman Oil and Gas reported a production increase of two-thirds in the year to 30 June 2022, with an even higher percentage increase in the final quarter.

Net production over the year totalled 37,915 oil barrels equivalent (boe) while production for the June quarter was 24,495 boe gross and 8,815 boe net or a 73% rise compared to a year earlier.

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Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) raised £1.5mln by a private placement of convertible loan notes through Optiva Securities as a first tranche of a £3mln raise.

The proceeds from this initial tranche will be used to fund the upfront cash payment obligation to Battery Minerals Ltd for the acquisition of Suni Resources SA, the Mozambique subsidiary of BAT which holds the Montepuez and Balama Central projects in Mozambique.

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Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) made a further investment in Libero Copper & Gold Corporation to acquire 2.9 million new shares at C$0.33 per share for C$957,000.

The investment forms part of Libero's recently launched private placement, with gross proceeds of approximately C$4.5mln to be used for exploration at the Big Red porphyry copper project in British Columbia, Canada.

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Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF) released initial results from its recent 3D remote mapping exercise at the San Domingo lithium pegmatite project in Arizona.

Bradda Head increased its landholding by adding approximately 10 square kilometres of claims and leases around San Domingo, a historic lithium mining district in Arizona. The total landholding now amounts to around 23 square kilometres.

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Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) said it exited the first half of the financial year with a healthy balance sheet and strong liquidity.

To underline the point, the US oil and gas group upped its dividend 6% to 4.25 cents per share to pay out a total of US$72mln.

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MetalNRG PLC (LSE:MNRG) has applied for the expedition of a summary judgement in its civil legal proceedings against Brit Energy Holdings, Pierpoalo Rocco and BritNRG. The High Court has now scheduled the listing of the application for summary judgement for 21 and 22 September 2022, with judgement to be handed down at the hearing.

Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) has issued approximately 10mln shares following conversion of US$2mln of 2025 Bonds with a further 5.9mln shares issued to its financial adviser and brokers in connection with its convertible bond financing,

Power Metal Resources PLC (AIM:POW) has conditionally disposed of its 100% owned Reitenbach uranium property in Northern Saskatchewan, Canada. Teathers Financial is to conditionally acquire 100% ownership of the property, subject to a 2% net smelter return royalty, in exchange for cash and shares.

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