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Proactive news snapshot: Shield Therapeutics, Plexus Holdings, 88 Energy …

A glance at some of the day's highlights from the Proactive Investors newswire
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Shield Therapeutics PLC’s (LON:STXFeraccru iron deficiency drug has proved itself to be just as good as the current standard of care treatment in a late-stage trial.

Plexus Holdings PLC (LON:POS) told investors that its Russian licensee has secured its first major contract to supply the proprietary POS-GRIP  wellhead gas exploration equipment to Gazprom. The contract, secured by licensee Gusar, covers the first of a possible five-year arrangement for programmes on the Kara Sea Shelf, where there are shallow water depths of less than 150 metres.

88 Energy Ltd (LON:88E) has walked back some of Friday’s negativity with additional results from the Winx-1 exploration well, more analysis will now follow before decisions are made.

Active Energy Group PLC (LON:AEG)  has bought a site in North Carolina to be the hub of its new Coalswitch business The Lumberton site is close to joint venture partner Georgia Renewable Power and comprises up to 415,000 sq ft of factory space and 151 acres of surrounding land.

Eckoh PLC (LON:ECK), the global provider of secure payment products and customer contact solutions, said it continues to bring in new contracts, with £10mln in new business secured since the end of September.

ECR Minerals PLC (LON:ECR) saw its shares rise on Monday as the gold miner announced positive progress in the drilling programme being undertaken at the Black Cat prospect at the Bailieston gold project in the State of Victoria, Australia.

Greatland Gold PLC (LON:GGP) finished the six months to December 2018 with approximately £4mln in cash. This money will be used to continue with exploration work across the company’s Australian assets, including follow-up work on Havieron, where Greatland drilled a world-class intercept of 275 metres grading 4.77grams gold and 0.61% copper.

Mosman Oil And Gas Ltd (LON:MSMN) told investors that the Stanley-1 well will be opened up in the Spara reservoir. Stanley-1 was brought into production last year, and, it was recently reported that it had produced 6,071 barrels oil equivalent gross between September 2018 and 31 December 2018.

Sareum Holdings Plc (LON:SAR) boss Tim Mitchell has said he is “very pleased” with the progress being made by Sierra Oncology – its partner which is taking SRA737 through the clinic.

Directa Plus PLC (LON:DCTA), a producer and supplier of graphene nanoplatelets-based products, has signed an exclusive agreement with textile producer, Loro Piana.

Impax Asset Management Group PLC (LON:IPX) has picked up a new mandate from BNP Paribas. The mandate, for Impax Asset Management Limited, is from a Luxembourg-based client of BNPP AM France, the investment arm of the French bank. 

FFI Holdings PLC’s (LON:FFI) annual results this year to March will be lower than previously indicated due to weak revenues in the core film insurance business. The film insurer warned over trading in December but said contract timing issues, smaller budgets and reserves for possible claims will also affect results this year.

VR Education Holdings Plc (LON:VRE) is to release is to release its latest showcase virtual reality experience, called Raid on the Ruhr, later this month.

Jersey Oil & Gas plc (LON:JOG) told investors that drilling operations have now begun for the Verbier appraisal well, in the UK North Sea.

Strategic Minerals PLC (LON:SML) (USOTC:SMCDY) has issued the remaining 2.87mln shares owing to Resilience Mining Australia LTD, following the acquisition of the Leigh Creek copper project.

Xpediator Plc (LON:XPD) has appointed Jonathan Wright, the part-time commercial director of its subsidiary Delamode Distribution UK Ltd, as the new chief operating officer for UK Logistics.

FairFX Group Plc (LON:FFX) is in line for a larger slice of revenues after a rationalisation of its supply chain was completed ahead of schedule. Big Pic in December.

Savannah Resources PLC (LON:SAV) has identified a new higher-grade lithium-bearing pegmatite body at Aldeia, about two kilometres to the south-east of the Grandao deposit in Portugal.

Vast Resources PLC (LON:VAST) has raised £852,500 through a placing and subscription of just over 557mln new shares at a price of 0.153p.

Brady Plc (LON:BRY)  announced that Iain Greig and Daniel Look have joined its board as non-executive directors with immediate effect. The group said Greig is an experienced CTO and COO with a track record of delivering large-scale technology and business change programmes and commercial and operational leadership, having led the launch of LME Clear, the London Metal Exchange clearing house. It added that Look has approaching 25 years of experience as a consultant in the energy and commodity sectors with a focus on trading and risk management, initially with Accenture before joining Baringa during its founding stage. 

ADES International Holding PLC. (LON:ADES) the leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has announced the appointment of Hatem Soliman as a non-executive director with immediate effect. The group said Soliman brings a wealth of international industry experience, having spent 36 years with Schlumberger after joining the company in 1982 as a graduate electrical engineer.

Block Energy Plc (LON:BLOE), the exploration and production company focused on the Republic of Georgia, said it has issued 1,846,791 new ordinary shares to settle £70,237 due to of outstanding creditors which includes advisors and consultants to the company.

Landore Resources Ld. (LON:LND) said that a new corporate presentation is now available to view on the company's website.


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