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Proactive news snapshot: Vast Resources, Gaming Realms, BlueRock Diamonds …

A glance at some of the day's highlights from the Proactive Investors newswire
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Vast Resources PLC (LON:VAST), the AIM-listed mining company with operating mines in Romania and Zimbabwe, announced that the convertible securities issuance between the company and Bergen Global Opportunity Fund LP, dated 19 December 2018 has been terminated by the parties by mutual consent, effective as of 21 February 2019.  Following the termination, the group said no further funding will be provided to the company under the agreement.

Mobile games developer Gaming Realms PLC (LON:GMR) is to sell Bear Group, the company's real money gaming operating subsidiary for £11.5mln. The buyer is River iGaming, a company listed in Oslo.

BlueRock Diamonds PLC (LON:BRD) shares sparkled in early deals after netting over US$150,000 from the sale of two diamonds recovered from its Kareevlei mine in South Africa.

Ariana Resources PLC (LON:AAU) managing director, Kerim Sener, hailed the “excellent” performance of the company’s Kiziltepe gold mine in Turkey after it delivered another strong quarter of low-cost production.

Amur Minerals Corporation (LON:AMC) is shifting to a lower-cost, one lane access road to link the planned mine site with the Baikal Amur Rail Line on its wholly-owned Kun-Manie nickel-copper sulphide project. It said the updated estimate based on the one-lane design indicates the average cost to construct a kilometre of the road is US$382,000 including bridges, diversions and culverts.

88 Energy Ltd (LON:88E) has updated on the drilling operations at the Winx-1 well in Alaska, telling investors that the surface casing has been run down to 2,500 feet. It now expects to start drilling the intermediate section of the well next week.

Stobart Group Ltd (LON:STOB) has completed the sale of its regional airline to Connect Airways – the joint venture it set up with Virgin Atlantic which has also finalised the £2.8mln acquisition of Flybe Group PLC’s (LON:FLYB) main trading assets.

Seeing Machines Limited (LON:SEE) has welcomed the European Parliament’s announcement that driver-monitoring technology such as its FOVIO system will become mandatory in all road vehicles. On Thursday, the Committee on Internal Market and Consumer Protection (IMCO) voted to approve a range of new vehicle safety standards proposed by the European Commission last year.

A high order backlog and rising tender opportunity pipeline has put ITM Power PLC (LON:ITM) on course to break even by 2022, according to new investment research. ITM is a leading supplier of hydrogen production plants, so-called electrolysers, including complete hydrogen refuelling stations, and looks set to be a prime beneficiary of rising demand for green/low carbon hydrogen, says research house First Berlin.

Haydale Graphene Industries Group PLC (LON:HAYD) is raising up to £7.8mln at a huge discount to the market price to shore up its finances. Of the money, around £3.8mln has being raised through an oversubscribed placing of 188.125mln new ordinary shares at 2p each, with a further £0.2mln coming from a share subscription for 11,875mln shares. Meanwhile, a 7-for-1 open offer to qualifying shareholders at the same price is designed to bring in up to a further £4mln. Just a month ago the shares were changing hands at 27.4p.

Afarak Group PLC (LON:AFRK) chief executive Guy Konsbruck told investors that its management is responding to the challenges facing the business. “The executive management team is highly focused on optimising the performance of the South African assets,” Konsbruck said, in the company’s full year results statement for 2018.

Exploration firm ECR Minerals PLC (LON:ECR) has appointed Sam Garrett, a geologist with experience in multi-national and junior mining firms, as a non-executive director with immediate effect. Garrett holds a Bachelor of Science degree with first class honours in Geology and a master of economic geology degree, both from the University of Tasmania, as well as a master of applied finance degree from Macquarie University in Australia.

The Marketing Group PLC (NASDAQ OMX:TMG), which trades as RYVL, confirmed that it has now completed the acquisition of Blockchain Nordic. Adam Graham, TMG’s executive chairman, commented: “We have executed a fundamental pivot in strategy through this acquisition and believe it will provide a powerful platform for the Group to move forward with increased scale, renewed focus and positive momentum.”

Advanced Oncotherapy PLC (LON:AVO) has announced that its Remuneration Committee has approved the grant of share options over a total of 4,000,000 new ordinary shares at an issue price of 100p each – a 141% premium to Wednesday’s closing share price - with a five-year term, expiring on 20 February 2024. Of the Options, 545,000 have been granted to the group’s executive chairman, Dr Michael Sinclair, 1,400,000 to its chief executive officer, Nicolas Serandour, non-executive director 215,000 to Professor Stephen Myers and the remaining 1,840,000 to members of key management.

Europa Metals Ltd (LON:EUZ) (ASX:AUZ), the European lead-zinc explorer, said it has now received formal approval for its securities to commence trading on the AltX of the Johannesburg Stock Exchange with effect from the commencement of business on Friday, 1 March 2019.

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) (TSX-V:EOG), the oil and gas exploration company with licenses in highly prospective regions in Guyana and Namibia, has been ranked second in the Energy Sector on the 2019 TSX Venture 50, up from fifth in 2018. This marks the second consecutive year Eco has been included in the TSX Venture 50, an annual ranking of the top-performing companies on the TSX Venture Exchange over the last year.


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