Tlou Energy Limited (LON:TLOU) saw its shares jump after the AIM-listed firm revealed it has received written confirmation from Botswana’s Ministry of Mineral Resources, Green Technology and Energy Security of its support for the ongoing tender process for a power purchase agreement.  In a brief statement, the company – which is focused on generating power in Botswana for supply into the local and regional power market – said that it looks forward to working with Botswana Power Corporation (BPC) and the Ministry to finalise the power purchase agreement in due course.

Bahamas Petroleum Company PLC (LON:BPC) has entered into a £8mln convertible loan facility, with the first £2.43mln draw down available immediately. The facility is with what the company described as “a substantial Bahamian based institutional family-office investor”.

Inspiration Healthcare Group PLC (LON:IHC) said it performed ahead of expectations in the year just ended. The medical technology group said it expects to report a 15% year-on-year increase in revenue for the year to 31 January 2020 to around £17.8mln.

Iconic Labs PLC (LON:ICON) has signed a new content and marketing agreement with a major international airline. The media and tech firm said, through its Gay Star News (GSN) website, it will create and distribute bespoke content to support the client’s social media engagement campaign. The value of the deal was not disclosed.

Immotion Group PLC (LON:IMMO) said it has inked contracts for over 430 of its virtual reality (VR) headsets after signing deals for 68 of the devices over the past week. The ‘out of home’ VR entertainment specialist said the 68 new headsets included eight for its first outdoor enclosure at the Roger Williams Zoo in Rhode Island, USA, taking the total number of contracted headsets to 432.

Sativa Group PLC (LON:SATI) said its subsidiary, Goodbody Botanicals, has secured a CBD product listing agreement with WH Smith Group PLC’s  (LON:SMWH) Travel business. Products will be stocked in around 100 of the retailer’s highest footfall outlets in airports, train and service stations.

Advanced Oncotherapy PLC (LON:AVO) has unveiled a collaboration that will bring specialist proton beam therapy to the West Midlands. The company is to install its LIGHT system in a facility on the campus of University Hospitals Birmingham NHS Foundation Trust (UHB).

Open Orphan PLC (LON:ORPH), the rapidly growing specialist CRO pharmaceutical services company, has announced the appointment of Professor John Oxford as chair of a newly established Advisory Board which will initially focus on guiding the company on the provision of solutions to the current coronavirus outbreak. Professor Oxford is a professor at Queen Mary’s University London and one of the world’s leading experts on global diseases such as influenza, including bird flu, SARS, MERS and Coronavirus.

Brunner Investment Trust (LON:BUT) posted a 13.2% rise in net asset value (NAV) in 2019 to 945.8p as global stock market volatility helped its strategy of selective stock picking. The trust increased the dividend for the year by 10.1% to 19.98p, which was fully covered by earnings of 21.7p, while its performance beat its benchmark, which returned 12.6% on a similar total return basis.

Greencoat UK Wind PLC (LON:WIND) has agreed to acquire the Slieve Divena II wind farm from SSE Renewables for £51mln. Slieve Divena II is located about 10 miles south-east of Omagh in County Tyrone, Northern Ireland, right next door to Greencoat’s Slieve Divena wind farm. It has a capacity of 18.8 megawatts (MW). It has been operational since June 2017.

Falcon Oil & Gas Ltd (LON:FOG) (CVE:FO) has told investors that drilling operations have been successfully completed for the Kyalla 117 N2-1H ST2 horizontal well at the Beetaloo shale project in Australia. The well was drilled to a total of 3,809 metres, including a 1,579 lateral in the Lower Kyalla formation.

Union Jack Oil PLC (LON:UJO) is now waiting on a date for its plans to restart testing the West Newton A-2 well, after a redesigned test programme was completed and sent to the UK regulator. The British onshore explorer noted that the redesigned test now needs approval from regulators and project operator Rathlin Energy is working towards a greenlight.

Touchstone Exploration Inc (LON:TXP) (TSE:TXP) has raised US$11.6mln (£9mln) through a share placing to institutional investors, with the new funds earmarked for the acceleration of exciting exploration activities in the Ortoire block. The Trinidad-focused oil junior has enjoyed breakthrough success with its exploration campaign at Ortoire to date, most recently with the Cascadura-1ST1 well confirmed as a significant liquids-rich natural gas discovery. Touchstone is issuing 22.5mln new shares priced at 40p each to institutional investors.

Shanta Gold PLC (LON:SHG), the East Africa-focused gold producer, announced that it has received irrevocable undertakings from holders of the company’s outstanding unsecured subordinated convertible loan notes (CLNs) due April 2020 representing 77.14% by nominal value, to vote in favour of a restructuring that will extend the maturity date of the CLNs by one year and also allow Shanta to redeem them earlier, in whole or in par, if it so chooses. The group noted that the changes are subject to the approval of CLNs holders with not less than 75% in nominal value. Eric Zurrin, Shanta’s chief executive officer, commented: “Management and the Board took the decision to defer the repayment of convertible loan notes in order to maximise financial flexibility ahead of making the payment to Barrick for the West Kenya acquisition announced last week. Today’s announced convertibles restructuring allows Shanta the option to repay the loan note holders earlier than twelve months, if we so choose.”

Power Metal Resources PLC (LON:POW), the AIM-listed metal exploration and development company, said it was notified that, on 19 February 2020, Value Generation Limited, a company beneficially owned by its chief executive officer, Paul Johnson, purchased 1,000,000 ordinary shares in the company at a price of 0.41p each. Following this purchase, the group added, Johnson has a beneficial interest in a total of 26,100,000 shares, representing approximately 4.72% of the issued share capital of the company. In a separate statement, the group also noted that Value Generation Limited had today purchased a further 1,000,000 ordinary shares in the company at a price of 0.423p. Following that purchase, Johnson has a beneficial interest in a total of 27,100,000 shares, representing approximately 4.90% of the issued share capital of the company.

United Oil & Gas PLC (LON:UOG), the AIM-listed oil and gas exploration and development company, has announced the satisfaction of the regulatory conditions attached to its proposed acquisition of Rockhopper Egypt Pty Ltd., which holds a 22% interest in the producing Abu Sennan field, from Rockhopper Exploration PLC (LON:ROK). The group said this follows receipt of the written consents from EGPC and the Minister of Petroleum and Mineral Resources of Egypt for the Rockhopper Acquisition on 20 February 2020. United O&G added that it now expects completion to occur on 28 February 2020, with a further announcement to be provided to the market at that time.

Proactive Research has issued a note on Primary Health Properties PLC (LON:PHP). In it, analyst Ed Stacey says: “With the merger objectives largely complete, we believe that the focus for 2020 returns to the more organic value drivers. The company has six new developments on site for completion in 2020, and a pipeline of property acquisition targets. Furthermore, we expect to see more asset management projects to increase the value of the existing portfolio. In addition, we believe that there will be a continuation of the improved trend in rental uplifts in the UK market.”