Synairgen PLC (LON:SNG) shares surged on Thursday as it said the trial of its SNG001 interferon-beta treatment will be extended to coronavirus patients in the home environment The respiratory medicine specialist said the objective is to dose patients with the treatment earlier in the infection cycle before severe lower respiratory tract symptoms develop.
Conroy Gold and Natural Resources PLC (LON:CGNR) said it has discovered a new gold mineralised outcrop on its Glenish gold target in the Longford-Down gold trend. The gold exploration and development company said channel sampling in the Glenish gold target has identified gold-in-bedrock – 1.0 metres (m) at 0.4 grams per tonne (g/t) – from an outcrop of Arenite gouge, with pyrite mineralisation. This newly discovered gold outcrop is located over 500m northeast from the gold-in-bedrock previously intersected by drilling and enhances the overall prospectivity of the Glenish gold target, Conroy said in a statement.
Aminex PLC (LON:AEX) chair John Bell told investors, in the company’s full-year results, that he remained positive about the future despite a frustrating 2019 waiting for regulatory clearance and more recently the challenges of the coronavirus (COVID-19) pandemic Significantly, as announced on Monday, the company secured an extension to its licence for the Ruvuma gas project after it was approved by the Tanzanian authorities for one additional year. Importantly, that extension was one of the last remaining conditions required for Aminex to complete a farm-out transaction with ARA Petroleum.
ImmuPharma PLC (LON:IMM) said it is focused on the “optimum route forward” for the business that includes the phase III development of its key asset, Lupuzor, but will also focus on up and coming candidates in the portfolio. Its nucant and peptide programmes appear to have the potential to open three therapeutic areas: cancer, metabolism and anti-infectives. ImmuPharma also told investors, as it reported full-year 2019 results, that it was looking at potential other auto-immune disease uses for Lupuzor distinct from the treatment of lupus.
BATM Advanced Communications Limited (LON:BVC) has issued a coronavirus-focused update in which it says the pandemic has not been all bad for its business. The group expects its Bio-Medical division to perform well during the global lockdown period and the Networking & Cyber division to experience a temporary slowdown. Given the uncertainty surrounding the length and economic severity of the crisis, it is too early to estimate the financial impact on the company for the whole of 2020, the provider of real-time technologies for networking solutions and medical laboratory systems said. As previously announced, BATM has launched a new diagnostics kit to detect coronavirus (COVID-19) that received certification in March 2020.
Canadian Overseas Petroleum Limited (LON:COPL) (CSE:XOP) has entered into a £2mln equity-based funding facility with Yorkville and Riverfort. It sees the company issue new shares, priced at 0.07p each, with an initial upfront placing of £750,000. This will be followed by an ‘equity sharing agreement’ with Riverfort whereby eight monthly subscriptions will provide a total of £300,000. Subsequently potential extensions to the agreement can unlock further tranches of funds. COPL told investors that the funding allows the company to attract additional capital going forward, by confirming it has sufficient funding to navigate the unprecedented market conditions.
Verona Pharma PLC (LON:VRP) (NASDAQ:VRNA) outlined plans for the coming months as it updated on a busy start to the year and confirmed it is financially well placed. The company is focused on developing discoveries such as ensifentrine for respiratory conditions such as chronic obstructive pulmonary disease (COPD). The focus going forward is on the preparation for what’s called an end-of-phase II meeting with the US Food & Drug Administration to discuss Verona’s success in delivering the drug using a nebuliser. Scheduled for this quarter, the formal conversation with the American regulator will guide the design of a phase III study.
Panther Metals PLC (LON:PALM) chairman Kerim Sener reflected on a period that included several significant developments, as the company released its full-year results for 2019. The company’s most recent achievement was its move to the London Stock Exchange, from NEX (now called Aquis), which Sener says demonstrates a “growing maturity of the business”. Panther raised £823,000 alongside the transition.
Zaim Credit Systems PLC saw an 11.6% year-on-year growth in the amount of money lent out in the first quarter of 2020. The lender, which operates in Russia and targets borrowers not well-served by mainstream lenders, said the amount funded in the first quarter rose to £2.55mln from £2.32mln a year earlier and £2.28mln in the preceding quarter. The amount lent dipped a bit in March as the effects of the coronavirus (COVID-19) began to take hold. In April, the lender said it saw a significant decrease in demand, leading to an expected decrease of around 44% year-on-year in the amount funded, which the company attributed to the reduction in footfall throughout Moscow resulting from the measures enacted regarding COVID-19.
Greatland Gold PLC (LON:GGP) has reported “exceptional” drill results from the Havieron deposit, in Western Australia, confirming continuity of the higher grade mineralisation. The latest drilling results expand the footprint of the mineralisation within an arcuate sulphide zone as well as surrounding proximal breccia, the company said in a statement. Highlights of the drill intercepts included grades up to 9.3 grams per tonne (g/t) over 22.8 metres n(m), as well as seeing other cuts with grades of 6.2 g/t, 4.4 g/t and 3.8 g/t.
Live Company Group PLC (LON:LVCG) said it has secured £250,000 in additional funding through a loan with NatWest to boost its working capital and continue its planned build programme for 2020. The media firm said the loan, made through the UK government’s backed interruption scheme, will be drawn down in full and repayable in 12 monthly instalments, the first of which is due 13 months after the drawdown. The company also said that in line with the UK’s job retention scheme, it has extended the furloughing of around half of its full-time workers to the end of June as well as implementing a 50% pay reduction for all staff earning over £2,500 per month.
Woodbois Limited (LON:WBI) has reported a jump in full-year revenue as its underlying losses (LBITDA) narrowed by around 50%. For the year ended December 31, 2019, the Africa-focused timber group noted that revenues had risen by 45% year-on-year to US$19.5mln, while its LBITDA from continuing operations narrowed to US$1.9mln from US$3.8mln. The company also said recovery rates from its sawmill in Gabon had risen to 40% from 33% during the year, while post-period it had recommenced operations in Mozambique after more than two years.
Thor Mining PLC’s (LON:THR)(ASX:THR) chairman Mick Billing has indicated that the company is now close to completing the sale of its royalty on the Spring Hill tungsten project and revealed how the firm is coping with the coronavirus (COVID-19) pandemic. “Challenging market conditions prevail, and we have taken further steps to reduce overheads, along with taking advantage of Australian government COVID-19 initiatives aimed at meeting some employment costs,” he said, as the company released a quarterly update. “We expect also that we will be able to complete the sale of the Spring Hill royalty shortly, and we look forward to providing details of our exciting potential new asset acquisition when finalised.”
Pan Asia Metals has completed a reconnaissance induced polarisation (IP) survey covering several prospects at its Khao Soon Tungsten Project (KSTP) in Thailand during March. The survey was designed to distinguish sub-surface geology and assist with geological interpretation. The latest IP survey combined with the 2018 survey has identified several high priority drill targets.
Circle Property PLC (LON:CRC), which invests in, develops and actively manages well-located regional office assets, has announced the appointment of Anthony Charles Le Brun as a non-executive director, and the resignation of Damian Jepson as a non-executive director to pursue a new appointment, both with immediate effect. It noted that Le Brun has over 12 years’ experience in the financial industry, having qualified as a Certified Accountant in 2012, and has been part of the accounting team for Circle since 2007 and worked on the company’s AIM IPO in 2016. Having previously worked in the public sector, Le Brun joined Oak Group (Jersey) Limited in 2007 and is responsible for Oak’s internal finance function as well as the accounting for a number of corporate and high net worth private clients.
European Metals Holdings Limited (LON:EMH) said the Czech Ministry of the Environment has granted Geomet the preliminary mining permit related to the Northwestern part of the Cinovec deposit. The group said the permit, which is a necessary legal pre-qualification before obtaining a final mining permit, has been issued for a period of 8 years and guarantees the company the priority right to apply for and obtain a final mining area and a final mining permit. It noted that the preliminary approval for the Northwestern part of the deposit covers an area of 1.27 square kilometres and, together with the existing preliminary mining permits, now encompases the entire Cinovec ore reserve.
NQ Minerals PLC (LON:NQMI) (OTCQB:NQMLF), the base metals and gold/silver producer from the Hellyer Gold Mine in Tasmania, announced that it has appointed VSA Capital Limited as its corporate broker, with immediate effect, alongside First Sentinel who are the company’s Aquis Exchange financial. The company noted that VSA Capital is a specialist in the natural resources sector and provides ongoing long-term advice to listed companies on all aspects of interaction with new and existing shareholders, as well as equity research.
Vast Resources PLC (LON:VAST), the AIM-listed mining company, said it has elected to pay the interest of $29,591.45 due on April 29, 2020, on the $7,101,947 bond issued to Atlas announced on 31 January 2020 by the issue of 15,582,523 shares at a price of 0.15327p each. It noted that, under the terms of the Atlas Bond Issuance Deed, the company is entitled to elect to make payment of interest in shares at an issue price of 90% of the Volume Weighted Average Price of the shares on the business day prior to the interest payment date.
Ariana Resources PLC (LON:AAU), the AIM-listed exploration and development company operating in Europe, has announced a further extension to the project review period under the Memorandum of Understanding (MoU) as most recently updated on April 1. In a statement, Dr Kerim Sener, Ariana’s managing director commented: “Due to the limitations resulting from the impact of (coronavirus) COVID-19, we have decided jointly to extend the project review period until the 30 June 2020. This will enable the Parties to evaluate the proposed new Joint Venture and the draft legal agreements detailing the specific terms of the JV.” He added: “This provides additional time to enable an even more thorough review by the Parties and coincides with significant new project developments, including the revised Resource Estimate for Kiziltepe, announced last week, and revisions to our resource for Tavsan which remains work in progress. In addition, at Tavsan we are in the process of finalising the development schedule for what is expected to be our second mine in Turkey.”
Greencoat UK Wind PLC (LON:UKW) has confirmed that Shonaid Jemmett-Page has taken over as chairman following the retirement of Tim Ingram. Jemmett-Page has been a non-executive director and Audit Committee chairman at the renewable energy specialist since 2012. Former SSE director Caoimhe Giblin takes over as Chairman of the Audit Committee, having joined the investment trust as a non-executive in September last year.
Circassia Pharmaceuticals PLC (LON:CIR), a specialty biopharmaceutical company focused on respiratory disease, announced that at its general meeting held on Thursday all the resolutions proposed were duly passed by shareholders. The company said it will formally change its name to Circassia Group PLC in the coming days, and a further announcement will be made ahead of the name change being formally implemented. Upon the change of name the company’s ticker will remain CIR and its website address will continue to be www.circassia.com.
IQ-AI Ltd. (LON:IQAI) announced that it will delay the announcement of its 2019 full-year results, originally planned for the end of April, until early May. The group said this will also ensure that the company and its auditors have adequate time to complete their standard procedures given the current working restrictions. It added that the delay is in line with the recent joint regulatory guidance from the FCA, the FRC and the PRA regarding reporting timeframes in the current environment.