Proactive news headlines: Block Energy, 4D pharma, Tirupati Graphite, ANGLE …
Block Energy PLC (LON:BLOE) told investors that the WR-38Z and WR-16aZ wells at the West Rustavi field have been brought back online safely, with oil and gas now flowing into the field’s Early Production Facility (EPF).
4D pharma PLC (LON:DDDD) clinical trial collaboration and supply agreement with Merck KGaA, and Pfizer Inc. As part of the tie-up, 4D pharma will start a clinical trial this year BAVENCIO, a drug for advanced or metastatic urothelial carcinoma developed by Merck and Pfizer, in combination with 4D’s MRx0518.
Tirupati Graphite PLC (LON:TGR) is to increase the production capacity of the first module at its Vatomina graphite project in Madagascar to 9,000 tonnes per year. The upgrade comes in the wake of increased demand for Tirupati’s high-quality flake graphite. It will also result in an increase to near-term cash flows from operations.
ANGLE PLC (LON:AGL) (OTCQX:ANPCY) said its liquid biopsy was integral to a study assessing the progression non-small cell lung (NSCL) cancer and understanding why the disease may become resistant to a particular line of treatment.
LoopUp Group PLC (LON:LOOP) has confirmed expectations from a November update that its earnings will more than double in 2020. In a brief trading update for the year to December 31, the conference call and remote meeting technology specialist said earnings (EBITDA) are expected to be around GBP15.3mln, up from GBP6.4mln in 2019, while revenues are forecast to rise to around GBP50.2mln from GBP42.5mln.
Learning Technologies Group PLC (LON:LTG) said it has acquired PDT Global, a UK-based provider online of diversity & inclusion (D&I) training solutions, for an initial cash sum of GBP13.2mln.
Pan African Resources (LON:PAF) has advised shareholders of that it expects headline earnings per share to be between US$0.0205 and US$0.0217 when it reports its interim results for the period to end December on 16 February 2021. The increases earnings and headline earnings that the company is expecting to report come as a result of a boost to gold revenues to US$183.8mln, up from US$132mln in 2019. The average gold price received increased by 27.4% to US$1,865 per ounce, as the company sold more gold overall.
Seeing Machines Limited (LON:SEE) said its driver monitoring system (DMS) software, a key enabler to the General Motors Super Cruise driver assistance feature, is now available in the 2021 Cadillac Escalade.
Pembridge Resources PLC (LON:PERE) has released drill results from definition and step out drilling at the Minto mine conducted during 2019 and 2020. Drilling was conducted on the Minto North II, Copper Keel South, Copper Keel West, and Copper Keel North areas. Highlights included 38.9 metres grading 1.66% copper and 0.51grams per tonne gold, 15.75 metres grading 1.44% copper and 0.35 grams per tonne, and 21.6 metres grading 1.16% copper and 0.64 grams.
AFC Energy PLC (LON:AFC) has appointed Dr Michael Rendall as its new chief engineer and product officer starting next month. Rendall was previously head of engineering and industrialisation for the consumer electronics product group Dyson, where he led its battery and energy storage programmes. Prior to that Rendall had worked on prototypes for the conversion of ammonia into electricity, a technology being developed by AFC, when he worked at Diverse Energy which was a pioneer in the use of fuel cells as a self-contained power source.
Anglo Pacific Group PLC (LON:APF) (TSE:APY) said a softer market for coal has resulted in a lower portfolio contribution, although the drop is also set against the context of a record year in 2019. The 2020 portfolio contribution rebounded strongly in the final quarter as commodity markets started to recover, particularly iron ore and copper which rallied during the second half of 2020 and coking coal prices which continue to recover in 2021, currently trading at around US$156 per tonne.
Coinsilium Group Limited (LON:COIN) said its portfolio company Indorse has announced that its IND token staking dashboard is now live in readiness for the launch of its Indorse 2.0 (IND 2.0) token model. Meanwhile, Coinsilium also updated on the status of its cryptocurrency treasury, saying that as of February 8 the value of its treasury excluding cash at bank was around US$1.98mln, which is predominantly denominated in highly liquid cryptos including Bitcoin, Ethereum and ICX. The company said US$214,703 was denominated in RIF, which will vest monthly over the next 21 months.
Tower Resources PLC‘s (LON:TRP) partner in the Algoa-Gamtoos license, offshore South Africa, has provided a new prospective resource estimate which details the potential for some 5.27bn barrels of oil to be present. The company, in a statement, highlighted that the new estimates are triggered by the reprocessing of 4,500 kilometres of 2D seismic data which improved the image quality, improved confidence, and identified new targets. Altogether, the new estimates have increased prospective resources by 54%.
Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company said it has entered into a new lease for an ATR72-600 for delivery from the factory in Toulouse. Delivery to an existing Asian client airline is expected to occur on or around the 10 March 2021. The lease is for eight years and is at current market rates. The aircraft was previously purchased into inventory in December 2019. In a statement, Jeff Chatfield, executive chairman of Avation, said: “We anticipate that on recovery from the COVID-19 pandemic that regional travel will improve extremely rapidly, and that ATR aircraft represents the ideal solution for short duration sub 100 seat routes”.
Ariana Resources PLC (LON:AAU) the AIM-listed exploration and development company operating in Europe, has announced the publication of its circular to shareholders concerning the proposed reduction of share capital via cancellation of the company’s share premium account, the cancellation of the deferred shares and the authority for the company to buy back shares. Dr Kerim Sener, Managing Director, commented: “This timely circular is being distributed in advance of the completion of our new Joint Venture with Ozaltin and Proccea. The proposed General Meeting concerns a capital reorganisation which will enable the Company to pay a special dividend. Since receiving shareholder ratification of the joint venture agreements signed at the end of last year and the approval received from the Competition Authority in Turkey last month, we are expecting to conclude all remaining formal corporate procedures in the near future. We are continuing to advance rapidly on all fronts and we look forward to keeping the market updated on our progress.”
Greatland Gold PLC (AIM:GGP), the precious and base metals exploration and development company, announced that its new chief executive officer, Shaun Day, has commenced his role at the company. As announced on December 15, 2020, Day succeeds Gervaise Heddle, who will remain on the board and part of the Greatland executive team until March 12, 2021, to ensure a smooth transition. In a statement, Day commented: “I join Greatland at a very exciting time for the business and with a strong platform in place to drive further growth. Greatland will continue to progress its core strategy – advancing Havieron while pursuing value from our other exploration targets with tier-one potential. Beyond this, I intend to apply my experience from growing major mining companies to oversee the development of Havieron and to scale-up the wider business.”
Tissue Regenix Group PLC (LON:TRX) has highlighted a strong performance for 2020 despite the challenges of the coronavirus (COVID-19) pandemic. In a trading update for the year to December 31, the regenerative medical devices specialist said revenues for the year will be GBP12.8mln, in line with the prior-year figure of GBP13mln despite the impact of the pandemic, adding that it also ended the period with a “strong cash position” of GBP9.5mln following a fundraising in June.
Canadian Overseas Petroleum Limited (LON:COPL) (CSE:XOP), an international oil and gas exploration and development company announced that it has repaid in cash the balance of the loan from Riverfort Global Opportunities PCC and YA II PN, Ltd announced on June 15, 2020. The remaining balance of GBP400,000 was repaid in cash on February 5, 2020, without penalty. As such, the company has met all of the terms and conditions of the lenders under the loan agreement. In a statement, Arthur Millholland, COPL’s president and CEO, commented: “We would like to thank Riverfort and Yorkville for providing the loan in June of last year which was strategic to the restructuring of the Company. It has allowed us to proceed to where we are today nearing the completion of the Atomic acquisition.”
Mkango Resources Ltd. (LON:MKA) (CVE:MKA) has announced that, further to its announcement on December 21, 2020, it has issued 325,000 shares in the company to Bacchus Capital Advisors Limited in connection with the financial advisory services provided for the period from December 18, 2020, to January 31, 2021. The shares were issued at a deemed price of C$0.27 per share. Mkango said it will issue a further 625,000 shares on December 18, 2021, should its engagement continue with Bacchus continue until such date. The company added that it continues to work closely with Bacchus, whose mandate encompasses mergers and acquisitions, takeover defence, strategic and other financial advice.
CentralNic Group PLC (LON:CNIC), the global internet platform that derives revenue from the subscription sales of domain names and web services, has announced that its bondholder meeting held on January 29, 2021, approved the amendment to the bond terms disclosed in its announcement of January 15, 2021. As a result, Pareto Securities has been mandated to arrange a series of fixed income institutional investor meetings starting the week commencing Monday, February 8, 2021, to issue a tranche of bonds with a volume of approximately 15mln euros (US$8mlm). The group said any debt raised will be used for consideration for the acquisition of near-term identified targets.
Power Metal Resources PLC (LON:POW), the AIM-listed metals exploration and development company said on Friday that it has received notices to exercise warrants over 8,860,758 new ordinary shares of 0.1 pence each. It said 3,597,600 warrants are being exercised at a price of 1.0p per ordinary share and 5,263,158 warrants at an exercise price of 0.75p per ordinary share. Subscription monies of GBP75,450 have been received by Power Metal in respect of these exercises.
Oriole Resources PLC (LON:ORR) , the AIM-quoted exploration company focussed on West Africa said that following an exercise of warrants and options over ordinary shares in the company it is issuing 19,188,315 new ordinary shares of 0.1p each in the company, The group noted that 19,138,315 warrants were exercised at 0.68p each and 50,000 options at 0.37p each.
Alien Metals Ltd (LON:UFO), a minerals exploration and development company, has announced that it will be attending the Mexico Mining Forum from February 10-11, 2021. The digital forum will include a program of networking and informational events that will allow Alien to engage with a vital audience in one if its main countries of operation. Alien currently holds the Donovan 2 copper and gold project and the San Celso and Los Campos silver projects in Zacatecas state, Mexico. The forum typically takes place in Mexico City but will be entirely online for this year’s edition, with thousands of e-business meetings that will bring together industry experts in an effective and targeted networking platform. Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “Alien’s attendance at the Mexico Mining Forum will be an excellent opportunity for us to directly engage with key stakeholders and investors in the country. We are very excited to be involved and look forward to meeting other attendees from the mining community to both showcase our exciting projects and also to discuss potential further opportunities for Alien in line with our strategy.” Details of the conference can be found at: https://mexicobusinessevents.com/mining/2021
Redx Pharma PLC (LON:REDX), the drug discovery and development company focused on oncology and fibrosis, announced on Friday that its annual general meeting will be held at 11.00am on March 2, 2021, at Block 33, Mereside, Alderley Park, Macclesfield SK10 4TG. In light of the Stay-at-Home Measures which prohibit all non-essential travel and larger public gatherings and to ensure the safety of the limited number of people whose attendance at the meeting is essential, shareholders will not be allowed into the AGM. Accordingly, shareholders may submit questions related to the business of the AGM to the directors in advance of the meeting. by 5.30pm on February 25, 2021, to Andrew Booth, Redx’s company secretary, by email at [email protected] Following the AGM, the group said its board will respond to any questions submitted by shareholders in advance of the meeting and the answers will be posted on the investor FAQs section of the company website. Shareholders are strongly encouraged to vote by proxy, appointing the chairman of the meeting, using the card distributed with the notice of meeting, to ensure their vote counts. The proxy is also available in the investor resources section of the company’s website: www.redxpharma.com