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Proactive news headlines: Corero Network Security, Block Energy, Jubilee Metals Group, Synairgen …

Corero Network Security PLC (LON:CNS) has announced five new customer wins for its SmartWall DDoS protection products over the last two months totalling over US$1.5mln. The new customers consist of a major US telecoms and internet service provider, a European based communication and cloud solutions provider, a major provider of hosting services across Canada, a wholesale telecoms operator which operates across Latin America and a UK-based provider of internet, mobile and telephony services to UK island and overseas territory jurisdictions. Corero said the deployment of its solutions will enable all of the new clients to provide DDoS protected services to their end customers.

Block Energy PLC (LON:BLOE) chief executive Paul Haywood said the company remains “enthusiastically active on many fronts” as the firm updated on developments at the West Rustavi field in Georgia. The group noted that key equipment is arriving at the West Rustavi field and a new contractor is being brought on board to help advance projects. Block pointed out, however, that production remains shut-in due to the coronavirus pandemic although the Republic of Georgia is presently at the beginning of a phased approach to restart businesses following lockdown. In a later statement, Block Energy announced that all resolutions set out in the Notice of AGM were approved by shareholders at its annual general meeting held on Thursday

Jubilee Metals Group PLC (LON:JLP) said it has secured the rights to around 150mln tonnes of copper-containing tailings to be refined at its Sable refinery in Zambia. The metals processing firm said the magnitude of the resource offered a “long term sustainable earnings profile” for its Zambian business, adding that the project holds the potential to produce copper concentrates in excess of the Sable refinerys capacity of 14,000 tonnes per annum of copper cathode. Jubilee said it is aiming to increase the capacity of the refinery to over 25,000 tonnes of copper per year over time.

Synairgen PLC (LON:SNG) said a trial of its treatment for people with coronavirus (COVID-19) is being expanded nationally with participants receiving the inhaled drug in their homes. Meanwhile, results from the study of 100 patients successfully treated with the SNG001 treatment in hospital are set to be released next month. The roll-out of the trial beyond Southampton will be supervised via daily video calls with a doctor or nurse.

Panther Metals PLC (LON:PALM) has completed an open-file desktop review of its wholly-owned Marrakai Gold Project in the Northern Territory, Australia. Panther said the geological review, completed while the tenement was out of bounds because of the coronavirus (COVID-19) pandemic travel restrictions, highlights the potential for further gold mineralisation within the Marrakai project, with the eastern and western portions of the tenement remaining completely untested. The project is located within the Palaeoproterozoic Pine Creek Orogen, which hosts more than 250 gold occurrences and several operating mines.

Berkeley Energia Ltd (LON:BKY), responding to an ASX query, has said it is not aware of any information not already announced that would explain the recent rise in its share price, and, then, detailed a number of positive factors that are price supportive. The company is presently advancing permitting efforts for its uranium mine development project in western Spain – about three hours away from Madrid – and it has been putting increasing emphasis on its presence in Spain. It noted, in the statement, the recently strong performance of its shares on the Madrid Stock Exchange where the price has risen by some 70% since June 15, with more than 115mln shares traded.

Tiziana Life Sciences PLC (LON:TILS) (NASDAQ:TLSA) has outlined a busy schedule for 2020 after making significant clinical and pre-clinical progress with assets spanning cancers, autoimmune and inflammatory diseases. The update was provided alongside full-year results for the 12 months to December 31, 2019. In the outlook statement, the company said preclinical studies are ongoing for its new technology to treat coronavirus (COVID-19) infections. Its approach consists of the direct delivery of anti-IL-6 receptor monoclonal antibodies into the lungs using a handheld inhaler or nebuliser. Additionally, Tiziana said it hopes to commence a trial investigating the direct delivery of an anti-IL-6 mAb to the lungs using a portable inhaler.

Polarean Imaging PLC (LON:POLX) has hailed a “year of great accomplishment” in 2019 as the company achieved a “major milestone” with a successful readout for its pivotal Phase III clinical trials in January. Posting its results for the year ended December 31, 2019, the medical imaging specialist noted that it had raised £2.1mln in a share placing in July as well as confirming the third tranche of US$1mln from a US$3mln small business innovation research grant. The company said it ended the year with net cash of US$2mln. Post-period, Polarean said it had received positive top-line results from its clinical trials using hyperpolarised Xenon gas, with both trials meeting their primary endpoint.

88 Energy Ltd (LON:88E) (ASX:88E) has declared its takeover bid for XCD Energy unconditional and said the offer wont be increased. Earlier this week, 88 Energy reported that it had received acceptances representing 37.58% of XCDs shares and it now confirms it has passed 59.27%. The company also noted that XCD shareholders which accepted the offer before it became unconditional will receive accelerated payment, before June 26, whilst subsequent acceptances will be paid within seven days of their acceptance being processed.

Quadrise Fuels International PLC (LON:QFI) has told investors it has now agreed in principle to the deployment of its MSAR alternative marine fuel trial equipment for a project managed by Valkor in Utah. Valkor is a partner with AIM-quoted TomCo Energy PLC (LON:TOM) for the enhancement of an oil sands plant in Utah which will be retooled for a production trial. The project will incorporate Quadrises MSAR technology which can be used to treat heavy oil products to create a low-cost alternative fuel. Quadrise said it has agreed to the MSAR deployment during Phase 1 of the project for a price of US$150,000 and it agrees to work in good faith with Valkor to finalise the process design and trial agreement. Meanwhile, in a separate statement, TomCo said trading in its shares are suspended on AIM and noted that it is in talks with its broker regarding the status of the share placing it announced yesterday.

Ceres Power Holdings PLC (LON:CWR) said it has appointed two non-executive directors to its board representing two of its partners, Bosch and Weichai. Uwe Glock is the chairman of the board of management of Bosch Thermotechnik and joins the board of Ceres following the signing of the AIM-listed companys relationship agreement with Robert Bosch in January 2020. Qinggui Hao is the investment director of Shandong Heavy Industry Group. He replaces Haoran Hu, who has served on the Ceres board as the Weichai-nominated non-executive director since December 2018.

Diversified Gas & Oil PLC (LON:DGOC), the US-based owner and operator of natural gas, natural gas liquids and oil wells and midstream assets has announced that shareholders who have elected to receive the final 2019 dividend of 3.50 cents per share in sterling will receive an equivalent payment of 2.74p per share, based on the June 9, 2020, exchange rate of GBP0.7842=US$1.00.

BB Healthcare Trust PLC (LON:BBH) said the investment companies team at Kepler Trust Intelligence has produced a new piece of investment bank quality research about the trust, designed to provide a clear and comprehensive reference for long term investors. This note is free to read for UK investors an can be read in full via: http://www.trustintelligence.co.uk/investor

Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company announced that the company's joint broker SI Capital Limited has published a broker note on its Victoria Goldfields joint venture which may be viewed through the following link: https://www.powermetalresources.com/sicapital

CentralNic Group PLC (LON:CNIC), the internet platform that derives revenue from the worldwide sales of internet domain names, announced that equity research company, Edison, has initiated coverage on the comRead More – Source

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