Proactive news snapshot: ReNeuron, Union Jack Oil, ANGLE, ECR Minerals …

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

Your daily round-up from the world of Proactive

ReNeuron Group PLC (LON:RENE) said the first group of patients receiving cell therapy for a blindness-causing disease have seen “sustained and further improvement” to their sight. This was the top-line from the latest data assimilated from a phase IIa study of its human retinal progenitor cell (hRPC) treatment for retinitis pigmentosa.

Drilling operations are now underway at Union Jack Oil PLC’s (LON:UJO) 16% owned West Newton project in East Yorkshire. The West Newton A-2 appraisal well is a follow up to a previously drilled discovery well, which yielded a 189bn cubic feet gas equivalent resource in the Kirkham Abbey Shoal formation.

ANGLE PLC’s (LON:AGL) liquid biopsy system has been deployed in ground-breaking research assessing the role of the body’s own immune suppressor cells in promoting the cancer spread – a process called metastasis.

ECR Minerals PLC (LON:ECR) said the drilling programme recently completed at the Black Cat gold prospect, within the Bailieston gold project area in the state of Victoria, Australia encountered some encouraging grades and provided important geological insights.

United Oil & Gas PLC (LON:UOG) has revealed what it describes as a significant resource upgrade for its Italian gas project. An independent consultant, commissioned by project operator Po Valley, confirms proved and probable gas reserves of 13.3bn cubic feet at the Podere Gallina licence.

Motif Bio PLC (LON:MTFB) (NASDAQ:MTFB) has announced the appointment of Andrew Powell as a non-executive director, with immediate effect. It noted that Powell has served as General Counsel at several biotechnology firms, including CollaGenex Pharmaceuticals, Imclone Systems, Cornerstone Therapeutics, Intermune and, most recently, Medivation.

Eden Research PLC (LON:EDEN) has revealed that its commercial partner, Eastman Chemical Company has received a 120 day "emergency use" authorisation from the Italian Ministry of Agriculture for Eden's nematicide formulation, marketed as Cedroz.

Xpediator PLC (LON:XPD), a leading provider of freight management services across the UK and Europe, noted that further to its announcement of 16 January 2019, the company is no longer in discussions to acquire Intereuropa d.d, a Slovenian logistics company. The group said it continues to have a good pipeline of potential acquisition opportunities particularly in the UK and Europe which are at various stages of consideration and evaluation.

Taptica International Ltd (LON:TAP) has launched Tremor Video Private Marketplace Packages (PMPs) after combining its video advertising capabilities with RhythmOne. The AIM-quoted Taptica, which merged with RhythmOne, formerly known as Blinkx, earlier this year, said advertisers would now be able to show their videos in some of the “most highly sought-after environments in the digital space”. Big Pic in April.

AdEPT Technology Group PLC (LON:ADT), the information technology (IT) and communications service provider, has hit the acquisition trail again, snapping up a Doncaster-based IT services provider that is focused on the education sector.

ValiRx Plc (LON:VAL) has entered into a subscription agreement with European High Growth Opportunities SF as part of a wider financing arrangement to be provided by the investor to the company including a convertible facility. The group said the funds will be used to conclude the current VAL201 trial and for general working capital purposes.

Shares in e-banking and international payments group FairFX Group PLC (LON:FFX) surged as the group said first-quarter revenue growth was ahead of expectations. Group turnover, which represents money passing through the FairFX platform, rose by a third in the first quarter of 2019 to £620.5mln from £467.2mln in the same period of 2018.

Sure Ventures PLC (LON:SURE), a backer of early-stage software companies, has made a direct investment of £500,000 in VividQ, a Cambridge-based deep tech software company.

Goldplat plc (LON:GDP) shares rose on Friday as the firm reported higher third quarter production at 7,078 ounces of gold and gold equivalents, compared to 6,751 ounces in the comparative period of last year. In a separate statement, the firm also revealed that Gerard Kisbey-Green has stepped down as chief executive with immediate effect. The company has also launched a full review of its senior management requirements.

Physical uranium stockpiler Yellow Cake PLC (LON:YCA) said the recent pullback in spot prices presented a good buying opportunity as it remained confident in the long-term outlook for the radioactive metal.

Further to its announcement on 16 April 2019, Highlands Natural Resources Ltd (LON:HNR) confirmed that Nick Tulloch will commence his role as finance director on 1 May 2019. It added that Melvyn Davies will step down from the board concurrently but will continue to assist Highlands as a consultant for approximately two months to effect a smooth transition.

Nektan PLC (LON:NKTN) said that, further to its announcement dated 18 April, it has placed a further 666,667 new ordinary shares with an institutional investor at the issue price of 15p per share, raising an additional £0.1mln and bringing the total amount raised in the placing to £2.2mln before expenses. The group added that the placing, together with the conversion of a number of loans, will result in a stronger balance sheet, with a reduction in its total level of debt to £6.20mln from £11.35mln.

Chaarat Gold Holdings Ltd. (LON:CGH) said it has received indication of additional demand for its recent capital raising and has decided to extend the previously-announced closing date of the placing and the convertible bond issue from 26 April 2019 to 3 May 2019. The group also noted that at its general Meeting held on 26 April all resolutions were passed.

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