Proactive news snapshot: Gfinity, ANGLE, KRM22, Bloomsbury Publishing …
Gfinity PLC (LON:GFIN) has been selected by cricket broadcaster Willow TV to host The eCricket Challenge, a series that will see cricket players compete in the Cricket 19 video game. The series, designed and developed by Gfinity, will see some of the biggest names in world cricket compete remotely in five-over matches.
ANGLE PLC (LON:AGL OTCQX:ANPCY) said a study by the University of Athens showed its liquid biopsy was superior to a leading antibody approach when it came to harvesting circulating tumour cells (CTC) in people with head and neck cancer. Researchers drew blood from 50 patients and 18 healthy volunteers. The published data revealed use of the ANGLE technology resulted in much higher CTC harvesting positivity rates, purer samples, and “excellent” RNA quality for molecular analysis.
KRM22 PLC (LON:KRM) has agreed to acquire the remaining 40% stake in market surveillance firm Irisium Ltd that it does not already own from Cinnober Financial Technology for a £550,000 convertible loan note. The risk management specialist, which acquired its initial 60% stake in Irisium for £1.7mln in June 2018, said the consolidation of the remaining stake will allow complete integration of the firm into its own platforms and immediately remove £700,000 of debt and liabilities from its consolidated balance sheet.
Bloomsbury Publishing PLC (LON:BMY) has said it is taking a number of actions to protect the business following the coronavirus lockdown, including the sale of shares to bring in a gross £8.4mln. The company has also pushed out the maturity of its bank facility by a year to May 2022, it has made a series of economies, including salary cuts, saving an initial £1.6mln a month, and has cancelled the dividend. The group, which had net cash of £31mln as at the end of February, said it was unable at this stage to give forward guidance.
Metal Tiger PLC (LON:MTR) investee company Sandfire Resources has announced results from exploration work conducted at the Tshukudu project in Botswana. Sandfire said the “outstanding” new results show the zone of mineralisation now extends to 700 metres as opposed to the 250 metres previously calculated.
Jubilee Metals Group PLC (LON:JLP) moved higher on Friday after it said it has recommenced its operations in South Africa in “strict adherence” to the countrys coronavirus pandemic lockdown rules. The metals processing firm said its Inyoni Surface platinum group metals (PGM) and chrome operation has resumed production, while it's Windsor joint venture is preparing to recommence production “shortly”.
Bidstack Group PLC (LON:BIDS) has highlighted a new Lumen Research report that shows its in-game advertising technology performed “impressively” in comparison to other advertising channels. The study, which measured the success of an in-game campaign delivered by Bidstack for a leading automotive brand, found that 94% of gamers noticed the automotive brand's in-game ads, 2.6x higher than standard display advertising norms, while the time spent looking at the ad was also 1.5x longer.
OptiBiotix Health PLC (LON:OPTI) has raised £1mln in a share placing that it says will be used to scale up its SweetBiotix products and launch its ranges in China, the USA, and India. The AIM-listed firm said it raised the funds through a placing of 2.5mln new shares at a price of 40p each, an 18% discount to its closing price on Thursday.
Blue Star Capital PLC (LON:BLU) has expanded its portfolio with the acquisition of a small stake in Canadian mobile games supplier Leaf Capital. The tech investor will put C$100,000 (£57,000) into Leaf, which is in the process of being acquired by Caprice ahead of its readmission to the Canadian Venture Exchange. The investment, which is conditional on the readmission, is being made at C$0.16 per share, which will give Caprice a market value of around C$34mln.
W Resources PLC (LON:WRES) has said that production from the La Parrilla mine in Spain is “building”, though there have been challenges. The company noted that full-scale operations were put on hold in late March due to the Spanish State of Emergency amid the coronavirus (COVID-19) pandemic shutdown, but these have since been lifted for mining operations.
Clinigen PLC (LON:CLIN) has had its target price hiked to 850p from 780p by analysts at Liberum Capital as they forecast that the groups shares could see 35% upside “in the next six months”. In a note to clients, in which they also retained a buy rating on the pharma and services group, the Liberum analysts said an update released on Thursday was “unequivocally positive” and confirmed their belief that the firm will not breach its covenants in June despite disruption to the business caused by the coronavirus pandemic.
Bango PLC (LON:BGO) has said the proposed expanded partnership between the mobile commerce company and NHN Corp (NHN), a South Korean big data business, announced on April 3, 2020, completed on April 16, with NHN investing £3.2mln into Bango for a 4.7% shareholding. The AIM-listed company said NHN has also invested a further £6.5mln for a 60% shareholding in Bango Deep – the Bango subsidiary that owns the Audiens Customer Data Platform business – with Bango retaining 40%.
Diversified Gas & Oil PLC (LON:DGOC) has confirmed it is advancing its planned promotion onto the premium segment of the London Stock Exchange next month. In a statement, the company told investors that its shares will make the switch from AIM soon, with the re-admission date set for May 18. DGOC said its new listing will potentially improve liquidity and the valuation of its shares, and, noted that a larger number of institutional investors that regularly trade main market shares.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has received strong endorsement of its sulphate of potash (SOP) strategy by raising A$20 million in a placement well-supported by institutional shareholders. Binding commitments have been received from existing and new institutional shareholders and investors further confirming support for the company and its Lake Way SOP Project in WA's Goldfields region. The company will issue 58.8 million new ordinary shares at A34 cents each, which represents a 10.9% discount to the 10-day VWAP of A38.2 cents on the ASX.
Genel Energy PLC (LON:GENL) told investors it has received payment from the Kurdistan Regional Government (KRG) for oil sales made in March 2020. It said the Taq Taq field partners received US$4.6mln gross, which equates to about US$2.5mln net to Genel, meanwhile, the Tawke partners received US$34.6mln which is US$8.5mln net. The payments are in line with recent proposals by the KRG regarding international oil companies operating in the Iraqi region.
Anglo African Oil & Gas PLC (LON:AAOG) has agreed a further amendment to the terms of the sale of its Congo business, in order to expedite the transfer of cost liabilities to Zenith Energy. In a statement, the company said it has been agreed that Forum will now pay £200,000 in cash, upon approval by AAOG shareholders – this comes after a March revision down to £800,000 from the £1mln agreed in December. The latest revisiRead More – Source