Pharma & Biotech
Pharma & Biotech
16:13 Thu 15 Sep 2022
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Gfinity PLC (AIM:GFIN) named Rebekah Billingsley as managing director of its digital media division, GDM, joing the firm in her role at the start of October.
Billingsley is currently the global marketing director at Ecco Shoes, and has previously held senior marketing, digital, content & business development roles across a number business, including the BBC, according to a statement from the eSports company.
Power Metal Resources PLC (AIM:POW) has provided an update on the Molopo Farms Complex Project, which is targeting a large-scale nickel-copper-platinum group element (PGE) discovery in southwestern Botswana, with drilling expected to start shortly.
In a statement, Paul Johnson, chief executive officer of Power Metal Resources commented: “Our work at Molopo Farms is gathering pace with the parameters for the first two diamond core drillholes into Target 1-6 now confirmed. With the drill rig now on-site we expect to start drilling the first priority target hole shortly.
Cleantech Lithium’s CEO Aldo Boitano said the recent AIM-listee has made ‘terrific strides’ forward with its flagship assets in Chile in the first half of 2022.
“Our drilling campaigns have produced results we are really pleased with and we will continue to drive forward on our work programmes in 2H 2022 to optimise their potential value,” he said in a statement.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) expects to produce 54,000 to 58,000 gold equivalent ounces (GEOs) in 2022, the Azerbaijan-focused company said alongside its first-half results.
The copper, gold, and silver miner produced 28,772 GEOs in the first half, down from 32,171 ounces in the year-earlier period, due to lower gold grades from its Gedabek operation.
finnCap Group PLC said its trading has been in line with the expectations set out at the time of the full-year 2022 results it reported in July and it expects a “somewhat better revenue performance” in the second half than in the first half of the current financial year.
In an update issued in advance of its Annual General Meeting being held on Thursday, the City firm said that, overall, its revenue to August 31, 2022, was approximately 30% lower than the comparable period in full-year 2022 – its record year – reflecting the broader and well-documented themes of muted investor confidence, reduced equity capital markets activity and tightening debt market conditions which are impacting the company and its peers.
Ferro-Alloy Resources Ltd (LSE:FAR) said it plans to raise £8.6mln, before expenses, so it can complete a feasibility study for the giant Balasausqandiq vanadium deposit in Southern Kazakhstan as soon as possible.
It proposes to raise about £8.2mln through a placing and subscriptions and the remainder from a PrimaryBid offer, all at an issue price of 12.0 pence per share, a 17.9% discount from yesterday’s closing share price.
4GLOBAL PLC (AIM:4GBL) said its DataHub will be rolled out in mainland Europe in conjunction with non-profit organisation EuropeActive.
As the European association for fitness and physical activity, EuropeActive represents a sector that generates annual revenues of more than €28bn, with over 64,000 facilities used by more than 64mln customers across the continent.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) announced it has been given the ESG Investing ‘Best Sustainability Reporting Award’ for 2022, recognising its documentation for 2021.
The company, in a statement, said that the award reflects “the company’s commitment to incorporate sustainability into the fabric of its financing and operating strategies, and highlights the company’s commitment to ESG reporting transparency within its sustainability and annual reports.”
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF) said it has appointed an experienced mining contractor to develop the access and exploration drives to the Joshua Vein at its Omagh gold project in Northern Ireland.
QME Ltd, based on the east coast of Ireland, will undertake 600 metres of underground development, which is expected to start in January 2023.
Gresham House said all of its divisions saw inflows in the first half of 2022 as assets under management rose by 11% to £7.3bn.
Inflows totalled £299mln, while the value of the funds under its control rose by £352mln led by significant gains in forestry management, the largest division by AUM, and new energy and sustainables.
Oriole Resources PLC (AIM:ORR) has reported positive results from the latest drilling programme at its 90%-owned Bibemi gold project in Cameroon.
The best results from Phase 4 of its diamond drilling programme include 2.00 metres (m) grading 39.42 grammes a tonne (g/t) gold from a depth of 160m at the extension to Phase 2 hole BBDD034, including 1.00m at 75.36 g/t gold.
Avation PLC (LSE:AVAP) has said it expects its results for the year to June 30, 2022, to show a return to net profit as the company and the aircraft leasing sector continue to recover from the slump in air travel during the COVID-19 pandemic.
Income for the year was US$115mln, the commercial aircraft leasing company said.
Future Metals NL (ASX:FME, AIM:FME) has secured approval – and a drilling contractor – for a program of works involving 3,000 metres of initial diamond drilling at the Panton Project in Western Australia, to begin next month once current ground exploration surveys are complete.
The company is targeting nickel-copper-platinum group element (PGE) sulphide accumulations outside the existing resource at Panton with geophysical surveys overseen by newly appointed senior exploration advisor Dr Jon Hronsky.
Reabold Resources PLC (AIM:RBD) has completed the acquisition of working interests in all the non-Victory (P2596) licences within the Corallian Energy portfolio, being: P2396, P2464, P2493, P2504 and P2605 (all at 100% working interest) and P2478 (36% working interest). Reabold yesterday agreed to sell its stake in Victory to an unnamed oil major for £12.7mln net.
Open Orphan PLC (AIM:ORPH, OTC:OPORF) confirmed it is aware of allegations of potential insider dealing by a private individual unconnected to the company and is co-operating with the Irish authorities investigating the case. Investors were told: “The board of Open Orphan is satisfied that there are no implications for the company in the resolution of this allegation and confirms that no employee, executive, director or anyone connected with the company had any involvement whatsoever in this matter nor are they suspected of any wrongdoing.”
Roquefort Therapeutics PLC has confirmed that application has been made to the Financial Conduct Authority (FCA) and the London Stock Exchange (LSE) for a total of 57,249,998 new ordinary shares in the company, comprising 50,000,000 consideration shares and 7,249,998 placing shares of £0.01 each, to be admitted to trading on the LSE’s main market, with admission to take place at 8.00am tomorrow, Friday, September 15, 2022. Completion of the acquisition of Oncogeni Ltd, founded by Nobel Laureate Professor Sir Martin Evans, which has developed two families of innovative cell and RNA oncology medicines, and the related placing will become effective on admission. The prospectus and further information on the company can be found on Roquefort Therapeutic’s website.
Mode Global Holdings PLC, the LSE-listed Fintech Group, announced that it has received and accepted notices resulting in the conversion of an aggregate of £29,160.24 principal amount of its loan notes, resulting in the issuance of 914,461 new ordinary shares of 1p each in the capital of the company at a conversion price of 0.0319p per share.
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