DeepVerge plc (LON:DVRG) has hailed interim analysis from a University of Aberdeen research team that showed the company’s Labskin cloned human skin microbiome was able to host the SARS-CoV-2 coronavirus. This breakthrough means that real-world testing of anti-viral compounds can be carried out without human volunteers. Scientists at Aberdeen have been using the DeepVerge innovation to assess transmissibility from surfaces to airways via the body’s largest organ.

Falcon Oil & Gas Ltd (LON:FOG) has highlighted its debt-free status and a continued focus on cost management and the efficient operation of its portfolio in its interim financials as it narrowed its quarterly losses. In results for the three months to September 30, 2020, the company reported a loss of US$146,000 compared to a US$764,000 loss a year ago, while revenues were steady at US$1,000. The company also reported a cash balance at the end of the period of US$11.5mln, while net finance income swung to a US$279,000 gain from a US$360,000 loss a year ago.

IXICO PLC (LON:IXI) said it has won a follow-on contract worth £1.9mln with an existing sponsor that will use the company’s AI and neuro-imaging technology in a phase Ib/II clinical trial of a drug for Huntington’s disease (HD). “The new award reflects and reinforces the confidence customers place in IXICO as the trusted and leading neuroimaging partner for Huntington’s disease clinical trials,” the company said. Practically and financially, it adds to IXICO’s strong and growing order book.

Mkango Resources Ltd (LON:MKA), the Malawi-focused rare earths project developer, posted a net loss of US$793,393 in the three months to the end of September, compared to a net loss of US$1.11mln in the same period of 2019. The pre-revenue company had cash of US$5.78mln at the end of September, compared to cash of US$6.44mln at the end of June.

Bahamas Petroleum Company PLC (LON:BPC) has updated on cost estimates and funding arrangements for its well operations in The Bahamas. The AIM-listed oil and gas firm said that to provide appropriate financial headroom, a previously announced conditional convertible note facility has been increased by £4.75mln to £15mln in total, with an initial subscription notice issued for £3mln and the balance of the facility to be provided in a timeframe consistent with the demands of operations.

Haydale Graphene Industries PLC (LON:HAYD) has announced that its partner IRPC has now completed the development project with Haydale and started production of its new washable functionalised graphene-enhanced fabric mask. IRPC has placed a follow-on order for 200 kilograms of Haydale’s bespoke ink, with further orders anticipated, the advanced materials group said. The face masks are currently being produced for use internally within the IRPC group, with a forecasted external order book for 2021.

Quadrise Fuels International PLC (LON:QFI) said it is continuing to build “positive momentum” and demonstrate significant progress in several key areas of its business as the company said it has been able to mitigate the impact of coronavirus (COVID-19) on its business. In an update to be delivered at its AGM later on Friday, the AIM-listed firm said while the timetable of some specific activities had been impacted by the pandemic, it has worked with clients to ensure that overall programmes remain on track. In a separate statement, Quadrise announced that at the AGM, all resolutions proposed to the meeting were duly passed on a poll, save for resolution 6 that proposed the dis-application of pre-emption rights in the allotment of equity securities by the company in certain restricted circumstances as set out in the Notice of AGM.

Benchmark Holdings PLC (LON:BMK), the aquaculture biotechnology business, said it ended its financial year in a significantly stronger financial position after its programme of asset disposals. Liquidity at the end of September 2020 was £83.2mln, the company revealed in its fiscal fourth-quarter update, which was an improvement on the end-June figure of £67mln. Net debt at the end of September stood at £37.6mln, versus net debt three months earlier of £54.7mln. The group said its restructuring is now complete, with £44mln raised from five divestments in the three months to the end of September.

LoopUp Group PLC (LON:LOOP) said its core Professional Services (PS) Meetings and Events business has continued to trade robustly versus pre-pandemic levels. The audio meetings technology specialist said it has also continued to see strong momentum in its Cloud Telephony business, which was launched on its global cloud platform in July. Things are a bit tougher in the non-PS sectors, where the company said the churn rate – the frequency of customers defecting to rival services – is accelerating.

Salt Lake Potash Limited LON:SO4) (ASX:SO4) advised that trading in the shares of the company have been halted on the Australian Securities Exchange (ASX) effective from Friday, November 27, 2020. The halt was requested by the company pending an update in relation to completion of the debt financing as announced on August 5, 2020, and a capital raising. The group said the trading halt will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on December 3, 2020. Trading in the company’s ordinary securities will continue on AIM during this period. in. later statement, Salt Lake Potash advised that it is substantially advanced in satisfying the remaining conditions precedent to enable drawdown of its kain debt financing, as announced on August 5, 2020. But said it is expected that a further equity fundraising will be required to satisfy the cost to complete condition and enable drawdown. The details of the fundraising are currently being finalised and a further announcement will be made as appropriate, the group added. The company said it anticipates that the bridge facility will be extended beyond the end of November and repaid from proceeds of the main facility upon initial drawdown. Completion of the fundraising will enable the company to deliver the Lake Way Project on schedule, with first Sulphate of Potash (SOP) production expected as previously announced, in the March quarter 2021.

Eckoh PLC (LON:ECK), the global provider of secure payment products and customer contact solutions, said it has received notification of two share transactions by Nik Philpot, its chief executive officer. It noted that on November 25 and 26, 2020, Philpot purchased a total of 25,000 ordinary shares of 0.25p in the company at an average price of 63.7p each. The newly purchased shares will be held by Philpot’s Self Invested Personal Pension. Further, on 25 November 2020, Philpot transferred, through an on-market crossing, a further 25,000 ordinary shares from his personal account to his SIPP, at a price of 63p per ordinary share. Following the purchase of the 25,000 ordinary shares, the group said, Philpot is beneficially interested in 7,001,285 Eckoh ordinary shares, representing approximately 2.74% of the issued share capital.

Ncondezi Energy Limited (LON:NCCL) said it has been notified that on November 25, 2020, Scott Fletcher, a non-executive director of the company, purchased an aggregate of 933,690 Ncondezi ordinary shares of no par value. Following this transaction, it noted, Fletcher’s beneficial interest in the company increased to 61,661,887 ordinary shares, representing 17.63% of the issued share capital. For the avoidance of doubt, the group added, after this transaction and following the admission of the placing shares on December 8, 2020, Fletcher’s beneficial interest will be 63,439,687 Ncondezi ordinary shares, representing 17.32% of the then enlarged issued share capital.

Galileo Resources PLC (LON:GLR) confirmed that it has issued a total of 1,125,000 fully paid ordinary shares in the company at a price of 0.6p per share under the exercise of warrants in terms of the placing agreement dated October 17, 2019

KR1 PLC (AQSE:KR1), a leading digital asset investment company, announced that all the resolutions were duly passed at the annual general meeting of the company held on Friday.

Bushveld Minerals Limited (LON:BMN), the AIM-quoted, integrated primary vanadium producer and energy storage provider, with ownership of high-grade assets in South Africa, announced that all resolutions put to shareholders at its general meeting held on Friday were duly passed.

Metal Tiger PLC (LON:MTR), the AIM-listed investor in natural resource opportunities, has noted that investee company Sandfire Resources Limited has released its chairman’s AGM address to shareholders along with its 2020 AGM presentation and the results of the AGM. Metal Tiger is currently interested in 6,296,990 Sandfire shares representing approximately 3.5% of its issued share capital. As announced on July 31, 2020, 2,609,887 of the Sandfire shares held by the company are subject to an equity derivative financing arrangement with a global investment bank.

Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company has announced that a new corporate presentation may be viewed through the following link: https://www.powermetalresources.com/p/193/presentations. The company also said it is close to finalising its new website and a further update will be provided when the new site has been uploaded. The company noted as well that its chief executive officer, Paul Johnson will be delivering a presentation and answering investor questions at the forthcoming Shares Magazine Investor Evening on December 15, 2020, starting at 6pm). Power Metal also said that having received numerous investor queries, it will be undertaking a written Q&A. Should investors wish to ask any further questions please email [email protected] by 5pm on Saturday 28 November 2020. It said the questions will be collated and published as a Q&A with written responses via a non-regulatory announcement on Monday November 30, 2020.

Alien Metals Ltd (LON:UFO), a minerals exploration and development company, has said its chief executive officer and technical director, Bill Brodie Good, will be presenting at the ‘Turner Pope Investments / Vox Markets Resources Webinar Evening’ on Thursday 3 December 2020 at 5pm GMT. The group said he will provide an update on the company’s silver and iron ore projects in Mexico and Australia including the movements in the silver and iron ore market. Following its successful placing (announced November 23 2020), he will touch on the company’s plans to expand and accelerate its exploration programmes across its portfolio, as well as to continue to evaluate strategic opportunities. The company has a number of projects including the Los Campos and San Celso silver projects in Mexico, the Elizabeth Hill silver Project and Hamersley iron ore projects in Western Australia.

Zephyr Energy PLC (LON:ZPHR), an oil and gas company focused on responsible resource development in the Rocky Mountain region has said that Colin Harrington, the company’s chief executive officer, will be presenting at the Turner Pope Investments / Vox Markets resources webinar evening taking place on Thursday, December 3, 2020, commencing at 5pm.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News