Proactive news snapshot: Premier African Minerals, Itaconix, Capital Drilling...

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

Your daily round-up from the world of Proactive

Premier African Minerals Limited (LON:PREM) says Zimbabwe's electricity company ZESA has started work to electrify the RHA tungsten mine ahead of a possible re-start of production. 

Itaconix Plc (LON:ITX) said revenues had grown 59% year-on-year in the first half, while underlying losses to narrowed significantly as it said it expected to match full-year market expectations.

Capital Drilling Ltd (LON:CAPD) has pointed to “encouraging signs” in the gold market, its main source of business, as it reported a revenue rise in its first half. 

Anglo African Oil & Gas PLC (LON:AAOG) has agreed a fundraising of up to £8.25mln, split into an agreed institutional placing and a complex ‘investor sharing agreement’. 

Arc Minerals PLC (LON:ARC) has recorded more eye-catching grades of copper from its maiden drill programme at Cheyeza in Zambia. 

London-based fund manager Randeep Grewal has been appointed as the new chairman of BB Healthcare Trust PLC (LON:BBH) after Justin Stebbing stepped down in order to focus on his other commitments. The group also reported its first-half results, which showed its net asset value per ordinary share rose to 132.3p from 122.1p last year. 

Westminster Group PLC (LON:WSG) said a letter of intent to appoint the company as technical partner for a contract to upgrade the container port at Tema in Ghana has been extended. 

Internet-of-things enabler Telit Communications PLC (LON:TCM) said sales and profitability were continuing to improve in the first half of 2019.

Bloomsbury Publishing PLC (LON:BMY) said it expects full year results to be in line with expectations, after issuing a trading update for its quietest quarter of the year. 

Gaming Realms PLC (LON:GMR) has completed the sale of its real money gaming subsidiary, Bear Group, to River iGaming PLC. 

Asiamet Resources Ltd (LON:ARS) shares surged on Wednesday after it received a key permit for its BKM copper project in Indonesia. The AIM-listed miner said the environmental permit, issued by the provincial government of Central Kalimantan, will allow it to proceed with the development of the BKM mine and infrastructure associated with the project through to closure of operations. 

Revenues at Alliance Pharma PLC (LON:APH) soared by a third in the opening six months of 2019, with growth underpinned by strong demand in Asia for its Kelo-Cote scar treatments. 

MaxCyte Inc (LON:MXCT) said it had made “significant progress” both clinically and commercially in the first half. 

Summit Therapeutics PLC (LON:SUMM) has highlighted the potential of its new class of antibiotic to treat drug-resistant strains of gonorrhoea at a major sexual health conference on Wednesday.

United Oil & Gas PLC (LON:UOG) has signed a heads of terms to sell two blocks in the North Sea to Anasuria Hibiscus UK Limited for up to US$5mln.


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