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Proactive news highlights: Caledonia Mining, Rambler Metals, Motive Television, Action Hotels...

Independent Oil & Gas, Deltex Medical Group and Avation were also reporting.

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A look back at the day's main small cap news...

On a busy day for the small caps, Caledonia Mining (LON:CMCL TSX:CMCL) caught the eye, as higher production enabled it to raise revenues and keep profits stable in its latest quarter despite the volatile gold price.

The miner’s 49%-owned Blanket mine in Zimbabwe produced and sold around 10,900 ounces in the three months to September, 10% higher than a year ago

It wasn’t the only miner reporting, however. Canadian copper miners Rambler Metals (LON:RMM CVE:RMM)) and Thundermin have nailed down the details of their proposed merger, which is now scheduled to complete on 21 December.

Latest assays from the Hot Maden prospect in Turkey have indicated more encouraging gold intersections, according to Mariana Resources (LON:MARL ASX:MARL).

Meanwhile, DiamondCorp (LON:DCP) said the conveyor belt at its Lace mine in South Africa had been installed.

In the oil world, KrisEnergy (SGX:SK3) achieved 20% production growth in the third quarter which helped offset some of the impacts of lower oil prices.

Thanks to the start of production from the Wassana field, in the Gulf of Thailand, the company had average net production of 8,847 barrels of oil per day, up from 7,403 bopd in the comparative period of 2014.

Northern Petroleum (LON:NOP) struck a deal to acquire producing assets in Northern Alberta, and it is launching a share placing to help fund the new venture.

Independent Oil & Gas (LON:IOG) said it is now at the advanced stages of planning for the Skipper appraisal well in the North Sea.

There were a lot of boardroom reshuffles today, Medusa Mining (ASX:MML) said chairman Andrew Teo is to take over executive duties following the retirement of interim chief executive Geoff Davis.

Elsewhere, Horizon Discovery (LON:HZD) announced its chief business officer and executive director Dr David Smoller has left the company.

Akers Biosciences (LON:AKR) added to its board with the appointment of a life science and healthcare specialist.

Silence Therapeutics (LON:SLN) bolstered its board with the appointment of the former chair of British Swimming and British Basketball.

There was also a number of financings. Kibo Mining (LON:KIBO) confirmed the issue of 1.6mln shares to Sanderson Capital Partners.

Meanwhile, Stellar Diamonds (LON:STEL) arranged a US$150,000 bridging loan to tide it over while it finalises a share and convertible loan issue.

E-commerce merchandising software group Attraqt (LON:ATQT) said it is planning to raise £3.3mln from investors so that it can “deliver its exciting potential”.

Xtract Resources (LON:XTR) negotiated a deferral of payments for both its Chepica mine in Chile and the O’Kiep tailings project in South Africa.

Gold recovery specialist Goldplat’s (LON:GDP) Ghana operation has received a payment of  US$1.4mln for material sent to German smelter Aurubis.

In other news, App-maker Motive Television (LON:MTV) began taking pre-orders on Thursday for TabletTV Plus, an app which allows people to watch TabletTV programming on their televisions.

The app has a new interface and design, as well as new features including a split screen function, and will allow users to watch more channels on products including televisions using Apple TV Airplay or Google Chromecast.

Elsewhere, Middle East and Australia-focused 3*and 4* hotel owner Action Hotels (LON:AHCG) announced Zeus Capital as its nominated advisor and sole broker with immediate effect.

Commercial aircraft leasing company Avation (LON:AVAP) upped its stake in Capital Lease Aviation (LON:CLA) to 99.1%.

In the pharma space, Deltex Medical Group (LON:DEMG) has added a third West Coast teaching hospital to the growing list of US users of its blood monitoring systems.

Finally, potash group Harvest Minerals (LON:HMI, ASX:HMI) has raised US$3.6mln (£2.4mln) to fund development work on its clutch of projects in Brazil.

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