Feedback PLC (LON:FDBK) is to team up with Axial Medical Printing to add three-dimensional (3D) imaging to Feedback’s flagship Bleepa medical imaging communications platform. Axial3D uses advanced artificial intelligence (AI) technologies to automatically create 3D reconstructions of individual organs or pathologies. These images will be available to view in the Bleepa platform and can subsequently be turned into 3D printed models in a variety of materials.
Open Orphan PLC (LON:ORPH) said its hVIVO subsidiary has won a UK government contract worth up to £10mln to develop a coronavirus (COVID-19) human challenge study model to help speed up the development of a working vaccine. The model development involves the manufacture of the challenge virus and what’s called a first-in-human characterisation study for this virus. The work will be conducted at London’s Royal Free Hospital by hVIVO with help from researchers at Imperial College.
ADM Energy PLC (LON:ADME) has teamed up with a Dubai-based investment vehicle to source and develop upstream oil and gas field investment opportunities jointly in Sub-Saharan Africa. Under the terms of the cooperation agreement, privately-owned Dubai Bridge Investments will be responsible for providing or sourcing funding for any agreed projects that ADM finds.
Symphony Environmental Technologies PLC (LON:SYM) has announced the completion of a €6mln financing by its associate Eranova for its green algae project in France. The proceeds will pay for the start of construction in Port St Louis, near Marseille, slated to begin in late November and complete by the end of April. Eranova’s plant will follow-on from a successful pilot and will produce a bio-sourced resin which don’t use food resource in their creation. The resins are approved for use with food contact and therefore are suitable for use as recyclable packaging.
Airnow PLC has won two contract extensions with two key international clients, Newzoo and KKBOX. The contracts are with the group’s Airnow Data arm, which tracks over 5mln apps available from Apple and Google Play stores across 55 countries for clients including brands, app publishers, advertising agencies and mobile networks.
MetalNRG PLC (LON:MNRG) has agreed to acquire an unlisted Australian gold miner that owns a mining licence in Tanzania that is said to be 12 months away from first production. The London-listed resource investing and exploration company said it is planning a placing of up to £4.5mln after entering into a bid implementation agreement for the acquisition of Lake Victoria Gold Ltd (LVG) where it plans to acquire 100% of its shares in issue via a share swap deal. LVG’s board has recommended that the takeover bid be accepted by its investors, once MetalNRG’s formal prospectus has been approved, with the placing to provide additional working capital for the enlarged group.
Solo Oil PLC (LON:SOLO), soon to be renamed Scirocco Energy, has updated on its 12% owned associate Helium One which continues to advance projects in Tanzania. Helium One has so far received renewal offers for 12 of 16 prospective licences requested of the Tanzanian authorities, and, it is awaiting decisions for the remaining four. Solo noted that Helium One has a runway to explore and de-risk its prospect inventory through a drilling programme. Helium One has some 4,512 square kilometres of licences which, according to an October 2019 estimate, host 138bn cubic feet of un-risked helium resources (best estimate) – with the range pitched at 30bn to 521bn cubic feet.
MetalNRG PLC (LON:MNRG) has agreed to acquire an unlisted Australian gold miner that owns a mining licence in Tanzania that is said to be 12 months away from first production. The London-listed resource investing and exploration company said it is planning a placing of up to £4.5mln after entering into a bid implementation agreement for the acquisition of Lake Victoria Gold Ltd (LVG) where it plans to acquire 100% of its shares in issue via a share swap deal.
Bahamas Petroleum Company PLC (LON:BPC) has updated investors regarding its £10mln convertible loan note financing, announced earlier this month, as the deadline to satisfy all lending conditions is extended to December 15, 2020. The explorer, which has these funds earmarked to support a drill programme, said that the revised timetable of the financing continues to be reflective of the current plan and schedule for the Perseverance-1 well.
ANGLE PLC said the American regulator is now moving to a “substantive review” of the company’s liquid biopsy after an initial hurdle was quickly negotiated. The US Food & Drug Administration’s (FDA) administrative review is designed to ensure the research group has submitted all the necessary “elements and information” and paves the way for the detailed assessment of ANGLE’s Parsortix system. The company is seeking Class II De Novo FDA clearance for the cancer detection system and is hoping to receive sign-off for its use in metastatic breast cancer.
Scotgold Resources PLC (LON:SGZ) has received a meaty upgrade from analysts at SP Angel ahead of the commissioning of the Cononish mine next month. SP Angel analyst Sergey Raevskiy said, “With £12m of Cononish capex spent, we estimate project NPV5% at £113m and arrive at NAV of £103m or 182p per share after adjusting for the estimated net debt position (as of Sep/20) and recent equity raise proceeds.” The new price target of 182p compares to the broker’s previous target of 141p and market price of 117p.
Hikma Pharmaceuticals PLC (LON:HKMA) and private firm Arecor Limited have expanded their agreement to co-develop ready-to-administer injectable medicines in the US to a second product. The new deal builds on an earlier agreement signed in January to develop a product using Arecor’s proprietary drug formulation technology platform Arestat. Hikma is expected to file the product covered by this latest agreement for approval with the US Food and Drug Administration in 2023.
Ariana Resources PLC (LON:AAU), the Turkish gold producer, has launched a not-for-profit initiative which will supply company-branded and sustainably sourced clothing in support of existing community projects. The clothing will be available at https://ariana-resources.teemill.com. “Following the surprisingly strong demand from shareholders for Ariana-branded attire, the Company recognised the opportunities that this creates for developing a not-for-profit initiative without detracting from our core operational priorities. Ariana has long been committed to the integrity of its projects and the well-being of its employees, stakeholders and the local communities in which we operate,” Ariana managing director Dr Kerim Sener said in a statement.
Collagen Solutions PLC (LON:COS) has said the offer for the company by Rosen’s Diversified has become wholly unconditional. Collagen noted that as a result, the company’s listing on AIM will be cancelled, probably with effect from November 17, and urged shareholders who have yet to accept the Rosen offer to do so as soon as possible. Rosen has received acceptances of its 6.5p per share cash offer in respect of roughly 90.91% of the issued share capital of Collagen.
ClearStar Inc (LON:CLSU) has noted the announcement on October 1, 2020, by Hanover Bidco that its recommended offer to acquire the entire issued and to be issued ordinary share capital of the company has become unconditional in all respects. Hanover Bidco has now acquired or agreed to acquire, ClearStar Shares representing in excess of 75% of the voting rights of the company. Accordingly, at the request of Hanover Bidco, the board has applied for the cancellation of admission to trading on AIM of ClearStar shares. The group confirmed that it has agreed with AIM that the delisting is expected to occur on November 17, 2020.
Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company said, in a brief statement issued late afternoon on Monday, that its directors had noted the movement in the company’s share price on the day. The company confirmed that it has announced all material events as required under the AIM Rules.
Mosman Oil and Gas Limited (LON:MSMN) has raised £900,000 of new capital which it plans to use for new drilling at the Champion project in Texas. Proceeds are earmarked for the drilling of the Galaxie well along with the installation of production facilities for the Falcon well. It is issuing 720mln new shares priced at 0.125p each through a share placing arranged by its broker ETX Capital. Investors taking shares in the placing also receive one-for-two share warrants with a two-year term and an exercise price of 0.25p.
Polarean Imaging PLC (LON:POLX), the medical-imaging technology company, with a proprietary drug-device combination product for the magnetic resonance imaging (MRI) market, said it has received notification from a warrant holder to exercise warrants representing 64,128 ordinary shares of £0.00037 each in the capital of the company at an exercise price of 15p per warrant.
Tiziana Life Sciences PLC (NASDAQ:TLSA) (LON:TILS), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, said it has allotted and issued 35,714 ordinary shares of 3 pence each credited as fully paid at a price of 70p per share in respect of the exercise of 35,714 warrants held by Optiva Securities Limited.
Remote Monitored Systems PLC (LON:RMS) said it has received notification to exercise 20,800,000 warrants at an exercise price of 0.5p each. The consideration received by the company will be £104,000.00. In a separate statement, Remote Monitored said it had also received notification to exercise a further 20,000,000 warrants at an exercise price of 0.5p each for a consideration received by the company of £100,000.00.
Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company announced after the market close on Monday that it has received notices to exercise warrants over 3,850,000 new ordinary shares of 0.1p each with the warrant shares being issued at an exercise price of 1.0p each. Subscription monies of £38,500 have been received by Power Metal in respect of the exercises.
Digitalbox PLC (LON:DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash and The Tab, announced on Monday that at its general meeting of the company held on that day, all resolutions were duly passed, including those required to approve the subscription of 24,489,795 new ordinary shares which will raise gross proceeds of £1.2mln for the company.
Anglo Asian Mining PLC (LON:AAZ) has said its interim dividend in respect of the year ending December 31, 2020, of US$0.045 per ordinary share is to be paid on November 5, 2020, to shareholders on the share register on October 9, 2020. The dividend is payable in cash in sterling to holders of ordinary shares and will be converted to pounds sterling at the amount of 3.4651p per ordinary share.
Published at Tue, 20 Oct 2020 14:30:00 +0000-Proactive news headlines: Feedback, Open Orphan, ADM Energy, Symphony Environmental …