Proactive news highlights: Eurasia Mining, Asiamet, Regency, Europa, Rose and PCG

Strategic Minerals, Motive Television and REM also reported today

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

Eurasia Mining (LON:EUA) has signed a heads of terms agreement for a  majority stake in a gold tailings project in Russia.

The deal gives Eurasia an exclusive right to up to a two-thirds interest in the Semenovsky tailings project in Bashkiria.

It was the biggest news on a busy day in the mining sector, which also saw Strategic Minerals (LON:SML) start bulk sampling at the Tatu coal mine on New Zealand's North Island. 

Meanwhile, Asiamet Resources (LON:ARS) followed up a significant resource upgrade with some highly encouraging drill results from a potential satellite deposit to its main copper target at Beruang Kanan in central Kalimantan, Indonesia.

The imaginatively named Beruang Kanan South, the area is around a kilometre from the Beruang Kanan Main (BKM) that contains and estimated 887mln pounds of copper.

Elsewhere, Regency Mines (LON:RGM) is set to take a stake in a formerly producing field in Texas, aimed at providing a significant revenue stream and onshore oil production.

In the energy space, Andes Energia (LON:AEN) said work will be accelerated in Colombia thanks to a deal it has done with Canada’sCanacol Energy.

The AIM-listed firm is selling just under half its 51% interest in Interoil Exploration and Production, a Norwegian group with assets in Colombia, for US$3.2mln.

Meanwhile, renewable power group Mytrah Energy (LON:MYT) has expanded a wind farm in India, but said the first part of the wind season was worse than expected.

In oil, Highlands Natural Resources (LON:HNR) has snapped up exploration licences covering around 1,900 acres in the Williston Basin, North Dakota for US$19,000 in cash as it seeks to capitalise on the current low oil prices.

Elsewhere, Central Asia focused Tethys Petroleum (TSE:TPL, LON:TPL) reported on a third quarter, in which it lowered costs but increased production amid a tough oil market.

Northern Petroleum (LON:NOP) has confirmed the funding to pay for more assets in Northern Alberta in Canada.

Rose Petroleum (LON:ROSE) said it had made the final payment that completes a US farm-in deal as it announced the retirement of its chairman.

Eland Oil & Gas (LON:ELA) has seen a 50% increase in production and minimal downtime from its operation in Nigeria.

Two of Europa Oil and Gas’s (LON:EOG) directors topped up their stakes in the firm today.

Hugh Mackay, chief executive, bought 326,000 shares at just under 3p per share, taking his stake in the company to 1.1%. While, non-executive director Roderick Corrie now holds more than 659,000 shares, around 0.27% after adding 84,000 shares.

Speaking of adding shares, Nigel Payne, non-executive chairman of Stride Gaming (LON:STR) added 5,000 shares at 265p per share.

The online bingo group also said revenues per player rose by over 14% as it pulled together a clutch of acquisitions last year.

Stride, the owner of the Kitty Bingo, Lucky Pants and Jackpot Liner sites, posted revenues of £27.8mln in the year to August with underlying profits [EBITDA] of £7.3mln (£1.23mln).

In other news, China-focused PCG Entertainment (LON:PCGE) reported US$6mln in revenue in its latest quarter thanks to the recent acquisition of gaming software distributor Center Point Development Corporation (CPDC).

In the tech world, Motive Television (LON:MTV) renewed its maintenance and support services contract with Mediaset Premium.

To the air, and aircraft lessor Avation (LON:AVAP) predicted higher annual profits despite facing interest payments on loans to expand the business.

Finally, Rare Earth Minerals (LON:REM) has maintained its 17.2% interest in Mexican lithium explorer Bacanora Minerals (LON:BCN, CVE:BCN) after the latter raised £8.8mln in a placing.

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