The City Pub Group PLC (LON:CPC) has highlighted “further significant growth” in trading in its 2019 financial year, while also updating on its plans for the post-coronavirus environment. For the year ended December 29, 2019, the pubs group reported adjusted underlying earnings (EBITDA) of £9.1mln, up 15.4% year-on-year, while revenues jumped 31% to £60mln. Like-for-like sales also increased by 1.7% in the year against what the company said was a “tough comparable period” following the World Cup and 2018’s summer heatwave.
Kavango Resources PLC (LON:KAV) has appointed specialist geological modelling firm, Mira Geoscience to help select drill targets at the Kalahari Suture Zone ( KSZ) nickel/copper prospect. Mira Geoscience is an acknowledged specialist in advanced geological and geophysical 3D modelling, the company noted, including the interpretation of mineral systems and drill target identification.
Ferro-Alloy Resources Limited (LON:FAR) said it has raised US$300,000 through a bond issue on the Astana Stock Exchange in Kazakhstan as the group also announced that it restarted its production operations in the country. The vanadium miner said investors have subscribed for 150 of its bonds with a nominal value of US$2,000 each. The bonds are unsecured with a three-year term and bear interest at 7.5%, paid twice-yearly. Around 50 of the bonds have a maturity date of June 5, 2023, while the remaining 100 bonds have a maturity date of June 11, 2023. Meanwhile, the company said production from the hydrometallurgical process was restarted on June 1, 2020, and that it now has “significant production” from both its hydrometallurgical and pyrometallurgical process routes.
Scotgold Resources Ltd (LON:SGZ) said it will resume construction and development activities at the Cononish gold project in Scotland on Monday, June 15, following the easing of coronavirus (COVID-19) restrictions by the Scottish government. Key work to be undertaken will be the construction of the process plant building and, in parallel, the remaining earthworks, the group said. The mining team currently furloughed will be brought back progressively over the next two weeks and refresher training and familiarisation with the new procedures undertaken. Underground development on a single shift basis is expected to resume as from July 1.
NQ Minerals PLC (LON:NQMI) announced that it has received the greenlight from the Australian government for its proposed acquisition of the Beaconsfield gold mine in Tasmania A deal was struck in February for NQ to acquire “historically one of the richest gold mines” for an initial fee of A$2mln It has now been approved by the Australian Government’s Foreign Investment Review Board. With government approval in place the company can now advance to complete the deal and, in time, start work to reboot the project.
Scancell Holdings PLC (LON:SCLP) has had a manuscript about its AvidiMab technology published in Cancer Research, the peer-reviewed journal of the American Association of Cancer Research (AACR). The paper describes how AvidiMab modifications enhance the interaction (avidity) between the antibody and its target antigen to improve the antibody’s potential therapeutic properties, said Scancell. This same modification also has demonstrated that Scancell’s tumour-associated glycan (TaG) antibodies can directly kill tumour cells.
Iconic Labs PLC (LON:ICON) shares surged on Friday after the company signed a marketing agreement with a UK fresh produce brand through its GSN (Gay Star News) network. The media and technology group said under the agreement it will, through GSN, deliver both an online and offline marketing campaign during Pride month for the brand.
Arix Bioscience PLC (LON:ARIX), a global venture capital company focused on investing in and building breakthrough biotech companies, has highlighted new data announced by its portfolio company, Autolus Therapeutics PLC (NASDAQ:AUTL) which shows progress on AUTO1 programme, its CAR T cell therapy. Arix – which owns a 6.5% stake in Autolus – noted that the portfolio firm’s CAR T cell therapy is being investigated in the ongoing ALLCAR Phase 1/2 study of relapsed/refractory adult B-Acute Lymphocytic Leukemia (ALL), at the European Hematology Association EHA25 Virtual Congress beginning on June 11, 2020.
Arix also said its portfolio firm, Aura Biosciences, has presented updated clinical data from an ongoing Phase 1b/2 clinical trial evaluating the safety and efficacy of light-activated AU-011, its lead candidate to treat primary choroidal melanoma, a rare and aggressive type of eye cancer. The company said the data, presented as part of the Association for Research in Vision and Ophthalmology (ARVO) 2020 Annual Meeting, showed AU-011 was continuing to “demonstrate a favourable safety profile along with promising tumour control and vision preservation”.
And in a third statement, Arix revealed that another portfolio firm, Imara Inc (NASDAQ:IMRA) has presented positive interim results from an ongoing Phase 2a clinical trial of IMR-687, a potential treatment for patients suffering from sickle cell disease. The data, which was presented at the 25th European Hematology Association (EHA) Annual Congress, showed that IMR-687 was safe and well tolerated as a monotherapy and in combination with hydroxyurea (HU).
Walls & Futures REIT PLC (LON:WAFR) the ethical housing investor and developer announced that it has completed on the sale of its freehold property in Wimbledon Park for £656,000 before costs which reflects a 2.9% discount to its valuation, as included in the annual valuation dated January 31, 2020, as announced on February 11, 2020. Joe McTaggart, CEO of Walls & Futures REIT commented: “We are delighted to have completed the transaction despite the challenging economic backdrop and highlights the underlying strength of our London residential portfolio. We will continue to review our assets in the Private Rental Sector with a view of recycling the capital to make further investments in Specialist Supported Housing.”
Galantas Gold PLC (LON:GAL) reported a C$3.56mln loss for 2019 as the Northern Ireland based miner’s underground operation continues to be held back amid restriction over blasting. The police are required to supervise underground mine blasting, using explosives, at the mine near Omagh and the company had to halt operations during the fourth quarter because the level of blasting activity was insufficient. It was subsequently working with the Northern Ireland authorities over arrangements to resume underground blasting, and, following significant investment it continues to await approval for increased blasting. Production continued using lower grade material, until the coronavirus pandemic temporarily suspended those operations too, before work resumed in late May this year.
Echo Energy PLC (LON:ECHO) has told investors it is looking positively to advance value creation opportunities, as it remains “well-positioned” amid the challenges facing small-cap oil and gas firms in 2020. In its financial results statement for the twelve months ended December 31, 2019, the company confirmed a stronger end to the year, with net production averaging 2,505 barrels oil equivalent per day (bopd) in the months of November and December. A review of reserves at the end of 2019 confirmed a reserve base of 3.8mln barrels oil equivalent (boe). Operationally, the company completed well and seismic programmes during the year while on the corporate front it conducted a successful portfolio restructuring.
Tiziana Life Sciences PLC (LON:TILS) said it has extended its ‘at the market’ sales agreement with US investment bank ThinkEquity until Jul 31. The facility allows the group to sell American depository shares worth up to US$20mln.
The Brunner Investment Trust PLC (LON:BUT) has declared a first interim dividend of 4.67p per ordinary share, payable on July 23, 2020, to holders on the register at the close of business on June 19, 2020. The group said its board anticipates that the second and third interim dividends will be maintained at this rate, and an unchanged final dividend of 6.00p will be proposed for the year ending November 30, 2020, giving a dividend for the year of 20.01p, a small increase on the previous year.
Enteq Upstream PLC (LON:NTQ), the oilfield services technology and equipment supplier, has announced thaat publication of the group’s results for the year ended March 31, 2020, is subject to a two-week delay and will now be announced on July 1, 2020, instead of the previously announced date of June 17, 2020. The company said this is due to the additional time required by the group’s auditor, Grant Thornton, to complete its work in a time of unprecedented uncertainty due to both the coronavirus (COVID-19) pandemic, the continuing unsettled markets for oil and gas drilling activity worldwide, and follows guidance from the FCA on corporate reporting timetables. As announced in its trading update issued on April 8, 2020, Enteq said its trading results for the year ended March 31, 2020, are still anticipated to be in-line with the board’s previously announced full-year expectations.
Capital Drilling Limited (LON:CPD) has announced that all resolutions put to shareholders at Friday’s annual general meeting were duly passed.
Tower Resources PLC (LON:TRP), the AIM-listed oil and gas company with its focus on Africa, has said its annual general meeting (AGM) will be held at 11.00am on July 6, 2020, at Albany, London W1. As a result of the ongoing coronavirus pandemic and the current prohibition on public gatherings, the AGM is being convened as a “closed meeting” and members will not be permitted to attend, shareholders are however invited to watch or listen via Zoom using the details provided in the Notice of Meeting. The procedures for proxies are also set out in the AGM notice which is available on the company’s website: www.towerresources.co.uk
Europa Metals Ltd (LON:EUZ) said it will ask shareholders to approve a 500-for-one share consolidation as part of its annual general meeting next month. The AIM-listed lead, zinc and silver developer said the AGM will be held online on 15 July due to coronavirus social distancing.