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Proactive news snapshot: Directa Plus, ITM Power, Oriole Resources …

A glance at some of the day's highlights from the Proactive Investors newswire

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Milan-based Directa Plus PLC (LON:DCTA) has been appointed as the newest member of the US National Graphene Association’s Industry Council.

ITM Power PLC (LON:ITM) has said that a consortium it is part of has received funding from the UK’s Office for Low Emission Vehicles (OLEV) to develop refuelling stations for electric vehicles.

Further drilling at Oriole Resources PLC (LON:ORR) Dalafin project in Eastern Senegal has indicated gold mineralisation at the Medina Bafe target continues at depth. Oriole has an 85% stake in Dalafin, but Canadian major IAMGOLD is carrying out the exploration and can earn a 70% stake in the project for a US$7mln spend.

Advantage Finance, the motor finance arm of lender S & U PLC (LON:SUS), is still producing record profits despite tougher market conditions.

Non-executive director Deborah Frost has been unveiled as the new chief executive officer of employee services provider Personal Group Holdings plc (LON:PGH). She will succeed Mark Scanlon, who signalled his intention to give up the gig back in September.

Shefa Yamim (ATM) Ltd (LON:SEFA) has received a technical economic evaluation (TEE) for Zone 1 of its Kishon Mid-Reach project that came in at the lower end of the cost curve.

Korea-focused gold explorer Bluebird Merchant Ventures Ltd. (LON:BMV) has applied for a grant to pay for 70% of a drilling programme at its Kochang project. Bluebird said it was invited to apply for the grant by KORES, a company owned by the South Korean government that has already funded two programmes in the area surrounding Kochang.

Mosman Oil And Gas Limited (LON:MSMN) said its net attributable production for the six months to 31 December increased by nearly 47% compared to the prior six months. The AIM-listed oil exploration, development and production company said net attributable production was 6,476 barrels of oil equivalent (boe), an increase of 46.6% on the 4,417 boe in the six months ended 30 June 2018.

United Oil & Gas Plc (LON:UOG) has said the Colter 98/11a-5 appraisal well, located in the P1918 licence in the Wessex Basin, has been spudded south of Europe’s largest onshore oil field at Wytch Farm. The oil & gas explorer said the operator Corallian Energy Limited had spudded the well at around 10.10am on Wednesday.

Redx Pharma Plc (LON:REDX) has received an unexpected cash injection following the repayment of a loan it made which had previously been written off in its accounts, giving it a near £870,000 boost to working capital. Following the sale of significant assets by Redag Crop Protection Ltd, the repayment criteria for a loan previously granted to Redag by Redx in October 2014 has been met.

Regency Mines PLC (LON:RGM) said that, further to its announcement of 25 January, 2019, the persons proposed to be appointed as a director/CEO and as a non-executive director have withdrawn their names from consideration and will not now be appointed. The company added that, therefore, it continues with its existing board members, and plans to appoint an additional non-executive director. It said further announcements will be made in due course.

Metals explorer Amur Minerals Corporation (LON:AMC) has received the final analytical results from its 2018 drill programme at its Kun Manie nickel-copper project in Russia.

Anglo Pacific Group PLC (LON:APF) (TSX:APY), the London and Toronto listed royalty company, is recommending a 25% increase in the final quarterly dividend for 2018 to 3.125p, which would result in a total dividend for the year of 8p per share, around a 14% increase on the 7p per share paid in 2017. It said a quarterly base dividend level of 1.625p is to be retained for 2019, with the final dividend to be decided when announcing the fourth quarter 2019 dividend.

MaxCyte Inc. (LON:MXCT), the global cell-based medicines and life sciences company, said late yesterday that Panmure Gordon completed a placing of a total of 5,908,319 shares in the company at a price of 170p per share to raise a total of £10.0mln, before expenses, fees and commissions.

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