Proactive news headlines: ANGLE, Avation, Anglesey, TomCo and more – Proactive Investors UK

Pharma & Biotech
Coronavirus
Cannabis
Battery Metals
Psychedelics
Pharma & Biotech
Coronavirus
Cannabis
Battery Metals
Psychedelics
09:23 Fri 15 Jul 2022

Mineral and Financial Investments Limited has granted an extension to the terms of the earn-in and call option agreements with Ascendant Resources over the Lagoa Salgada project.
Ascendant now has until 22 June 2023 to complete a feasibility study.
Allergy Therapeutics PLC (AIM:AGY, OTC:AGYTF) said it expects net profits for the year just ended to meet forecasts even on reduced revenues.
The hay fever and vaccine specialist said revenues for the year to June 2022 will be £72.8mln or 14% below last year’s £84.3mln, due largely to a slimming down of the product portfolio with the removal of older products.
TomCo Energy PLC (AIM:TOM) told investors that Greenfield Energy LLC, its wholly owned subsidiary, has been awarded a 10-year marginal tax relief.
The tax reduction could be worth up to US$76.3mln, it said in a statement.
Anglesey Mining said assay results from the latest three holes drilled at the Parys Mountain project in Wales showed multiple intercepts of various metals.
Best of the grades were zinc at 8.5%, 5.3% lead, copper at 1%  and 0.8 grammes per tonne (g/t) gold.
Avation PLC (LSE:AVAP) said demand for aircraft is exceeding supply as air travel continues to recover, with leases signed for 17 of the 20 aircraft returned as a consequence of the pandemic.
The remaining three aircraft, two of which are ATR72s and one is a Boeing 737-800, are currently being marketed and have received interest from customers to either lease or purchase, all expected to be completed by the end of December, the company said in a statement on Friday. 
ANGLE has raised £20mln through a placing at 80p with the med-tech firm’s directors chipping in £130,000 through a management subscription.
The price was a 14.4% discount on the closing market price yesterday.
Roquefort Therapeutics PLC (LSE:ROQ) said trading in its shares has commenced on the OTCQB Venture Market in the US under the ticker ‘ROQAF’. 
The biotech company, whose primary listing is on the main market of the London Stock Exchange, said cross trading on the OTCQB will give it access one of the world’s largest investment markets to expand its reach into a broader pool of investors. 

Scirocco Energy PLC (AIM:SCIR) has noted that Aminex does not intend to exercise its pre-emption rights over a 25% stake in the Ruvuma asset in Tanzania. Scirocco has agreed the sale of the stake to Wentworth Resources for US$16mln.

Mode Global Holdings PLC (LSE:MODE, OTCQB:MODGF) has detailed the director contribution of £65,000 to a £2mln convertible loan note issued announced on 13 July. Rita Liu, CEO, chipped in £20,000, with non-execs David Shrier and Michael Robertson subscribing £25,000 and £20,000 respectively.
Add related topics to MyProactive
Create your account: sign up and get ahead on news and events
The above has been published by Proactive Investors Limited (the “Company”) on its website and is made available subject to the terms and conditions of use of its website (see T&C ). …
Anglesey Mining PLC (AIM:AYM)'s (Anglesey Mining PLC (AIM:AYM)) CEO Jo Battershill tells Proactive he expects to see an upgrade in the rating of the resource at the Parys Mountain project in Wales.  Given the results so far, he is 'super confident' of moving more tonnage into the indicated…
Prev article
Next article
Only registered members can use this feature.
or
© Proactive Group Holdings Inc, 2022
Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom” is registered in England with the Company Registration number 05639690. Group VAT registration number 872070825. You can contact us here.
Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. See our Cookie Policy for more information.
Strictly Necessary and Functional
These cookies are used to deliver our website and content. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.
Advertising
Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. These audience insights are used to make our website more relevant.
Performance
Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. We use this information to make our site faster, more relevant and improve the navigation for all users.

source

Leave a Comment