logo-loader

Proactive news snapshot: ReNeuron, Bango, Landore Resources …

Published: 10:15 20 Feb 2019 EST

Newspapers

ReNeuron Group PLC (LON:RENE) said its cell-based therapy is showing signs that it can improve the vision of sufferers of a disease that causes blindness. Researchers in the US are currently carrying out a phase I/II clinical on people with retinitis pigmentosa.

Bango plc (LON:BGO) shares jumped in early deals Wednesday after it appointed Paul Larbey, a former executive from Finnish telecoms giant Nokia, as its new chief operating officer.

Landore Resources Ltd (LON:LND) has revealed the findings of a preliminary economic assessment of the BAM gold project, at Junior Lake in Ontario, Canada. The project is deemed to have 951,000 of contained ounces of gold, including 701,000 ounces in the indicated resources category.

Eden Research PLC (LON:EDEN) has said its nematicide biopesticide formulation, which is marketed as Cedroz by its commercial partner, Eastman Chemical Company has EU product authorisation from the Regulatory Affairs Directorate in Malta.

Eco Atlantic Oil and Gas Ltd (LON:ECO, CVE:EOG) has contracted the Stena Forth harsh-environment drill ship for its upcoming exploration well, offshore Guyana. Stena Forth will drill the Jethro-Lobe prospect on the Orinduik Block offshore Guyana, in the neighbourhood of Exxon’s multi-billion barrel discoveries.

Eland Oil & Gas PLC (LON:ELA) has announced it will start paying dividends to shareholders, following a successful period of production growth in Nigeria. The AIM-quoted company said it plans to pay it dividend based on free cash flow generation, whilst at the same time maintaining balance between new investment and debt repayment.

Collagen Solutions PLC (LON:COS) has raised around £215,000 from the sale of its stake in Jellagen Ltd. the private marine biotechnology company focused on developing collagen biomaterials from jellyfish in a private transaction.

Telit Communications PLC (LON:TCM), the global enabler of the Internet of Things (IoT), confirms that final discussions in relation to the completion of the proposed sale of its automotive division to TUS International Limited are ongoing and a further announcement will be made tomorrow, 21 February 2019.

Haydale Graphene Industries PLC (LON:HAYD) has confirmed it is talking to institutions about a funding round at well below last night’s closing price. The funding would also include an open offer to existing shareholders said the composite materials specialist.

PCF Group Plc (LON:PCF) has raised total proceeds of £10mln from a share placing and plans to get another £0.75mln via an open offer to accelerate growth and fund the next stage of its strategy. Brokers Panmure Gordon and Stockdale conditionally placed a total of 33,333,333 shares at an issue price of 30p each to raise net proceeds of approximately £9.5mln for the company after fees and expenses.

Frontier IP Group Plc (LON:FIPP) said its portfolio company, The Vaccine Group (TVG), will partner up with the Defense Advanced Research Projects Agency (DARPA), part of the US Department of Defense, for a project to protect US military forces from Ebola.

Golden Saint Technologies Limited (LON:GST) said its wholly-owned subsidiary, EMS Wiring Systems Pte Ltd has signed a signed a strategic co-operation agreement with IT Care Ltd, a Shanghai-listed public company that has developed cutting edge hologram technology.

OptiBiotix Health plc (LON:OPTI) said it was pleased with the scientific and commercial interest around presentations made to an industry conference held in Copenhagen last week. The company, which is developing compounds to tackle obesity, high cholesterol and diabetes, provided three separate updates at ProBiota, an event for the prebiotic, probiotic and the microbiome-focused food and pharma industries.

Afarak Group PLC (LON:AFRK) is to take a €6.5mln write-down of its metal alloys plant at Mogale due to ongoing tough conditions in the steel additive market. Mogale, in South Africa, has been affected by technical problems including stoppages and low quality ore while the price of ferrochrome has continued to decline.

Pan African Resources plc (LON:PAF) has reported an increase in profit of over 100% as it reflected on a “robust” performance in its first half. Big Pic in September.

 Premier African Minerals Limited (LON:PREM) shares surged in late-morning Wednesday after it said it had reached “a general agreement” with the Zimbabwe Ministry of Industry regarding the financing and restarting of production at the RHA Tungsten mine. The firm said agreements were in the process of being drafted and that it expected to announce details and a return to production schedule “as soon as possible”.

Benchmark Holdings PLC (LON:BMK), the aquaculture health, nutrition and genetics business, has announced the appointment of Kristian Eikre as a non-executive director of the company to take effect immediately after its AGM on 14 March 2019. The group noted that Eikre is currently co-head of Ferd Capital, a division of Ferd AS, a Norwegian investment company which owns a 26% stake in Benchmark.

Regency Mines PLC (LON:RGM) announced that it was informed that Paul Johnson and Michelle Johnson as of 19 February 2019 together hold 39,439,854 ordinary shares in the company, representing a total percentage holding of 4.50%.

PCGE Entertainment PLC (LON:PCGE) announced that it has terminated the appointment of SVS as the company's joint broker with immediate effect. The group said it is currently undertaking investigations regarding the beneficial ownership of certain shareholdings in the company following concerns raised both internally and externally about the accuracy of disclosures of significant beneficial holdings as required under the AIM Rules for Companies.

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...

3 hours, 21 minutes ago