Proactive news headlines: OPG Ventures, Ncondezi Energy, Sensyne Health, Circle Property …

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OPG Ventures PLC (LON:OPG) said it has collected contractual claims payments from its customers under the power purchase agreements amounting to around GBP9.5mln (Rupees 0.9bn). The group said the contractual claims were accumulated over several periods and will be recognised as income in its full-year 2021 financial statements. It said the collection of these claims has strengthened the group’s financial position and liquidity during these uncertain times caused by the coronavirus (COVID-19) pandemic.


Ncondezi Energy Ltd (LON:NCCL) said it has raised GBP750,000 from an oversubscribed and premium-priced share placing. The group is issuing some 16.6mln new shares priced at 4.5p each, a premium price compared to the share’s 30-day weighted average price and the last equity raise in May 2020. The injection of funds is earmarked for general working capital purposes. Ncondezi said it will now have sufficient funds to cover corporate costs to complete the tariff negotiations with Electricidade de Mocambique and key agreements including the Power Purchase Agreement and Power Concession Agreement.


Sensyne Health PLC (LON:SENS) aid it has signed a five-year non-exclusive Strategic Research Agreement (SRA) with Hampshire Hospitals NHS Foundation Trust which will enable the ethical application of clinical AI research to improve patient care and accelerate research into new medicines. The UK Clinical AI company noted that the Hampshire Hospitals dataset covers 500,000 unique patient records, with 200,000 annual hospital admissions from a patient population of approximately 570,000 people. The Hampshire Hospitals dataset includes oncology data that will enable Sensyne to build on its existing research into rare cancers. The new SRA with the Trust brings the combined total of anonymised data available for analysis by Sensyne to 6.1 million patients.


Circle Property PLC (LON:CRC) has highlighted “strong average rent collection” in its half-year results despite disruption from the coronavirus (COVID-19) pandemic. In the six months to September 30, 2020, the regional office owner said rental receipts have been running at an average of 92.5% of rents due for the March and June quarters, while operating profits before property revaluations rose to GBP2.7mln from GBP2.4mln last year alongside a 10% rise in rental income to GBP3.9mln.


Galileo Resources PLC (LON:GLR) shares rose on Wednesday after the firm inked a marketing agreement with Swiss trading company ZopCo concerning the potential sale of zinc willemite ore from its Star Zinc project in Zambia. AIM-listed Galileo said the appointment is on a global basis and a number of potential off-take agreements are being finalised.


IronRidge Resources Limited (LON:IRR) has shared what it describes as “very positive” metallurgical test results from the Ewoyaa Lithium Project in Ghana. Recovery improvements were achieved through re-crushing of an intermediate material called ‘middlings’ whilst maintaining concentrate grade. The overall plan was to improve lithium recoveries in coarse-grained type P1 and finer-grained type P2 pegmatites.


Crossword Cybersecurity PLC (LON:CCS) said its Rizikon Assurance platform has been selected by the IASME Consortium, the UK government’s national cybersecurity centre’s cyber essentials partner, as the core platform to support a new Internet of things (IoT) device security certification programme. The AIM-listed firm said the certification programme is a new scheme designed to give confidence to consumers and businesses that IoT devices have attained a minimum accepted level of security, and protect users from potential cyber-attacks, data loss and privacy invasion.


Mosman Oil and Gas Ltd (LON:MSMN) has told investors it is confident that it can grow production and create value as it posted its full-year results. The bullish comments come as the company advances a sequence of operations in Texas, which recently saw success with the Falcon well. Mosman has been focussed on well work-over operations at the Stanley project plus new wells across multiple sites in the Champion and broader Stanley project areas.


Keywords Studios PLC (LON:KWS) shares rose on Wednesday as it agreed to acquire g-Net Media Inc, a Los Angeles-based provider of marketing services to the video game and entertainment industries, in a deal worth up to US$32mln. The AIM-listed firm said under the terms of the deal it will pay an initial consideration of US$14.4mln in cash and the equivalent of US$3.6mln in new shares to the sellers on the first anniversary of the purchase. Deferred consideration of up to US$14mln will also be payable to the sellers in a mix of cash and shares based on performance targets being met by the first and second anniversaries of the acquisition.


SourceBio International plc (LON:SBI) said it has renewed a key contract with Spire Healthcare PLC as it revealed its revenues and earnings have grown significantly as a result of the “considerable ramp-up” in coronavirus (COVID-19) testing. The lab services and products group also told investors that it was in a “very strong position” for Public Health England’s (PHE) Lot 4 round to provide clinical diagnostic services – and it has submitted an updated application “beyond the original target of 10,500 tests per day”.


AEX Gold Inc. (LON:AEXG) (CVE:AEX) has provided an update to its 2020 exploration drilling campaign at the Nalunaq property in South Greenland, saying the results are complementary to those reported in its news release of October 21, 2020. The London and Toronto-listed independent gold company with a portfolio of gold licences in Greenland said the drilling highlights of further results from the Valley Block infill drilling programme include 52.4 grams per ton (g/t ) gold over 0.55 meters (m) (AEX2008) and 5.9 g/t over 0.5m (AEX2009), with visible gold observed in AEX2009.


Galantas Gold Corp (LON:GAL) has reported a narrowed loss in the first nine months of its current financial year as it commenced shipments of concentrate from its Omagh project in Northern Ireland. In results for the nine months to September 30, 2020, the company reported a loss of C$102,733, narrowed from a C$186,818 loss in the previous year, while it ended the period with cash of C$638,433.


Falcon Oil & Gas Ltd (LON:FOG) (CVE:FO) said it and partner Origin Energy will conduct further well operations in order to deliver a flow test for the Kyalla 117 N2-1H ST2 well. A fracking programme got underway in early October and since late October the well has undergone ‘flowback’ operations to recover the frack fluid. Some gas shows have been observed, but a measurable gas breakthrough has yet to occur, the group added.


Vox Royalty Corp (CVE:VOX) is acquiring a 1.75% gross sales royalty on Bushveld Minerals Limited’s (LON:BMN) high-grade vanadium project (Brits) in South Africa, it said Wednesday. The company has struck a deal with Sable Metals and Minerals Pty Ltd to acquire the royalty for US$2 million, giving it exposure to a near-term production asset located right next to Bushveld’s producing Vamteco mine and processing facility. In a note commenting on the Vox Royalty deal, Proactive analyst Ryan Long said: “Bushveld Minerals is an impressive operating partner for Vox to work with. Bushveld is one of only three primary vanadium producers globally and owns two of the world’s four operating primary vanadium processing facilities. Once closed, Vox’s portfolio will contain 47 royalties, and we would expect Vox to continue to be aggressive when it comes to future acquisitions.”


Amur Minerals Corporation PLC (LON:AMC) said it now expects to submit its Russian TEO application for Kun-Manie in the first quarter of 2021 due to disruption caused by COVID-19-related remote working. A TEO is a mandatory Russian feasibility study and necessary before undertaking detailed engineering, procurement and construction studies as part of a Bankable Feasibility Study. Robin Young, Amur’s chief executive, said: “Completion of the final sections consisting of the financial analysis of the project and operational plan is anticipated to be Q1 2021 as the generation of the voluminous hard copy documentation is a time-intensive task requiring substantial office commitments.”


Power Metal Resources PLC (LON:POW) told investors in a statement before the market close on Tuesday that it has wrapped up its additional field programme at the Silver Peak project, in Canada, as harsh weather conditions drew in. The company said it squeezed additional exploration into the schedule after a summer due diligence programme saw bonanza gold grades, and it was able to obtain rock-chip samples and drill six shallow diamond drill holes. In a separate statement on Wednesday, Power Metal said it hs been notified that Paul Johnson, its chief executive officer purchased on market 1,000,000 ordinary shares of 0.1 pence each in the company at a price of 1.78p per ordinary share through his Self-Invested Personal Pension (GBP17,800 invested). Following the above purchase, it noted, Johnson has a beneficial interest in a total of 61,500,000 ordinary shares, representing approximately 7.12% of the issued share capital of the company.


Scancell Holdings PLC (LON:SCLP), the developer of novel immunotherapies for the treatment of cancer and infectious disease, announced that Clifford Holloway, a director of the company, purchased 100,000 ordinary shares of 0.1p each in Scancell at a price of 11.47p per ordinary share yesterday. Following the subscription, the group noted, Holloway has a total interest of 100,000 shares representing 0.01% of the total voting rights of the company.


European Metals Holdings Limited (LON:EMH) (ASX:EMH (FRA:E861.F) said it has today issued, in aggregate, 289,375 new ordinary shares represented by depository interests (DI shares) in relation to an exercise of warrants and options. The company received warrant exercise notices to subscribe for 89,375 new ordinary shares in the company at a price of 20p per DI share, for which subscription monies of GBP17,875 have been received, and option exercise notices to subscribe for a further 200,000 DI Shares at a price of 35 cents per DI share, for which subscription monies of A$70,000 have been received. It said the proceeds of the warrant and option exercise will be used for general working capital purposes.


Critical Metals Plc (LON:CRTM), a mining investment company established to target opportunities in the overlooked and under-analysed mining sector, has announced the appointment of Strand Hanson Limited as financial adviser to the company. Russell Fryer, CEO of Critical Metals, commented: “With extensive experience in the natural resources sector, Strand Hanson’s team will be invaluable to Critical Metals in achieving its immediate and long term acquisition objectives and we are delighted to announce this key appointment.”


Naked Wines Plc (LON:WINE) announces on Tuesday that Nicholas Devlin, Chief Executive Officer, has bought the 3,358 ordinary shares of 7.5p each in the company at a price of 508.44p per share on November 24, 2020. Following the purchase, the group noted, Devlin’s beneficial interest in the company and that of persons closely associated with him will be 72,730 ordinary shares representing approximately 0.10% of the issued share capital.


Parity PLC (LON:PTY), the technology focussed professional services business, announced that it has awarded Michael Johns, its chief financial officer, options over 2,000,000 ordinary shares of 2p each in the company. The options were granted on November 24, 2020, and represent approximately 1.9% of the company’s current issued share capital. They each have an exercise price of 7.88p, being the closing mid-market price per ordinary share on November 23, 2020. The options will vest after 3 years and are subject to performance conditions.


Argo Blockchain PLC (LON:ARB), the leading cryptocurrency miner based in the UK said that further to its announcement on November 3, 2020, the High Court of England and Wales has confirmed the reduction of the company’s nominal share capital by way of cancellation of the share premium account. The company confirmed that, following the capital reduction, its issued share capital of comprises 293,750,000 ordinary shares of GBP0.001 each.


Thor Mining PLC (LON:THR) (ASX:THR) announced that at its annual general meeting held on Wednesday, all resolutions were passed.


Alien Metals Limited (LON:UFO), a minerals exploration and development company announced that the resolutions put to its annual general meeting held on Wednesday were all duly passed on a poll by the requisite majority.


Gfinity PLC (LON:GFIN), a world-leading esports and gaming solutions provider, has announced that it’s annual general meeting (AGM) of shareholders will be held at 10.00am on Friday December 18, 2020, at Gfinity Arena @ Vue Cinema Fulham Broadway Retail Centre, Fulham Road, London SW6 1BW. Given current Government restrictions on gatherings, shareholders will not be permitted to attend the AGM and so all resolutions will be taken on a poll.


Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has said it will be holding its annual general meeting at 9.00am. (UK time) on December 23, 2020, at 65 Kampong Bahru Road, Singapore 169370. Due to UK government restrictions, it will not be possible to offer a satellite meeting location in the UK. Shareholders based in the UK are urged to vote in advance by proxy and to appoint the chairman of the meeting as their proxy to ensure their votes are cast. The company said it will arrange access to the meeting by way of teleconference and details of this will be announced in due course, although the teleconference will not have any voting facilities.


DeepVerge plc (LON:DVR), the scientific research and AI-as-a-Service company, has announced that Gerry Brandon, its chief executive officer, will be presenting at an investor webinar being hosted jointly by Turner Pope Investments (TPI) Ltd and Vox Markets. Brandon, commented: “Deepverge is expanding, with organic revenue growth alone, despite COVID, guided at GBP4m for 2020, including an increase in revenues by 300% in H2 2020, up from GBP1m in H1 2020. Following the recent acquisition of Modern Water PLC, we will now have sales offices and laboratories for Labskin and Rinocloud AI services in the US, Ireland, UK, China and Japan. This global expansion provides access to a growing list of household name clients, that includes Unilever, L’Oreal, Estee Lauder, Walgreens Boots Alliance, Amway and L’Occitane, cross-selling products and services from each division and serving the environment, cosmetics and pharma sectors worldwide. The presentation will provide an update on sales, marketing, supply chain management of products and services under development in a post-COVID world with insight into what is expected to come in 2021 and 2022.” The event will be held on Tuesday, December 1, 2020, at 2pm.

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