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Proactive news summary: Ariana Resources, CloudTag, Forbidden Technologies PLC and more...

Published: 12:20 16 Mar 2016 EDT

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Shares in Forbidden Technologies PLC (LON:FBT), the developer of cloud video platform Forscene, shot up today after it agreed a deal with Microsoft to sell the software through its flagship Azure Marketplace.

In other news, TyraTech Inc (LON:TYR, LON:TYRU) is undervalued and has a sizeable opportunity in the animal health market, according to house broker Whitman Howard.

The firm has developed nature-derived insect and parasite control products and its leading product currently is the Vamousse headlice treatment, which has gained significant traction.

Elsewhere, a refinancing by DekelOil Public Limited (LON:DKL) is expected to positively impact profitability.

A loan for €8.69mln that was used to part fund its Ayenouan palm oil in Ivory Coast has been replaced by a new €9.15mln, seven-year facility.

Over at Metal Tiger (LON:MTR) the mining group confirmed it has completed its acquisition of a 50% stake in a Spanish tungsten project.

With a €500,000 investment the company has taken a 50% interest in Logrosán Minerals Ltd, the ultimate holdings company for the Logrosán mineral project where tungsten mineralisation was identified in a 2015 drill programme.

Also in mining, Ariana Resources (LON:AAU) has found another potential satellite for its Kiziltepe mine in Turkey after unearthing decent gold grades near the surface at Kepez West.

The prospect is 12km from the proposed processing plant at Kiziltepe, where production is scheduled to start in the second half of this year.

Meanwhile, Accesso Technology group PLC (LON:ACSO) hailed business wins for higher annual profit and revenue.

The group, which provides technology allowing theme Parks and other leisure attractions to reduce queuing, won or expanded contracts with Blackpool Pleasure Beach in the UK, an unidentified North American theme Park and the Movie Animation Park Studios in Ipoh, Malaysia, among others.

NetScientific PLC’s (LON:NSCI) core investments has formed a scientific advisory board to guide the management  team.

The board will include distinguished physicians, health economics scientists, and technologists committed to advancing clinical outcomes for individuals with chronic disease.

And finally, Health-focused wearable technology developer CloudTag Inc (LON:CTAG) has raised £228,000 through the issue of shares at a premium to last night's closing mid-market price.

The company has issued 7.6mln shares at 3p a pop, prompting the shares to rise 9.5% on Wednesday morning to 3.01p.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

4 hours, 56 minutes ago