Proactive news headlines: Honye Financial, Learning Technologies, Redx Pharma, Incanthera…


Honye Financial Services Ltd (LSE:HOYE) said it is negotiating final terms and finalising due diligence on its proposed acquisition of London-based FinTech company Zoyo. In a short statement, the company’s independent directors said the company is progressing with the Financial Conduct Authority’s review of its prospectus and hopes eligibility will be approved by the regulator to allow the acquisition to be concluded in the final quarter of the year.

Learning Technologies Group PLC said it had made a strong start to the second half, adding that it is on course to meet year-end expectations in spite of continuing currency headwinds.

Personal Group Holdings PLC (AIM:PGH) posted higher interim revenues and restarted face-to-face insurance sales, which should help to lift earnings going forward.

Oracle Power PLC (AIM:ORCP) saw its interim losses narrow as it continued to focus on developing its natural resource projects in Australia and Pakistan.

Landore Resources Ltd (AIM:LND) spent GBP1.6mln on exploration in the six months to June 2021, as work continued apace on the company’s Ontario exploration ground. After a loss before tax rang in at GBP2.4mln, it had GBP2.3mlnin the bank at the half-year stage.

A phase I trial of Redx Pharma PLC’s wholly owned lead drug candidate revealed it to be safe and well tolerated at doses up to 2mg, while efficacy data supported further investigation for use in Wnt-ligand dependent tumours, a leading cancer conference was told. There were also no grade-four or five adverse events from people receiving the treatment, RXC004, delegates a the European Society for Medical Oncology also heard on Monday.

AfriTin Mining Ltd (AIM:ATM, FRA:9IA) said it has agreed a 90mln Namibian dollar (GBP4.5mln) loan facility with Standard Bank Namibia Ltd to fund the expansion of the Phase 1 processing plant at its flagship Uis tin mine.

Caerus Mineral Resources PLC (LSE:CMRS) is raising GBP1.5mln via a placing and subscription of shares priced at 20p each.

Cobra Resources Plc (LSE:COBR) highlighted the progress made on the Wudinna gold project in South Australia as it announced its interim results.

Tower Resources PLC (AIM:TRP) has finalised the documentation relating to its farm-out to Beluga Energy Limited of a 49% non-operating working interest in the Thali Production Sharing Contract. The package of documents is being submitted to the Minister of Mines, Industry and Technological Development (MINMIDT) today as per the Cameroon Petroleum Code.

Europa Oil & Gas (Holdings) Plc chief executive Simon Oddie says the company is delighted with the Wressle field’s expectation beating production performance.

United Oil & Gas PLC (AIM:UOG, FRA:1UO) told investors that its 22% owned ASX-1X exploration well in the Abu Sennan licence, onshore Egypt, has encountered at least 10 metres of net oil pay across multiple oil-bearing reservoirs.

Union Jack Oil PLC (AIM:UJO) has updated on production from the Wressle field in Lincolnshire, which continues to be above expectations.

Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) said it discovered 37 hard rock artisanal gold workings across its Gabal om Ourada and Wadi Dubur projects in Egypt following initial field reconnaissance.

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) informed investors that the company’s chief operating officer, Bert van den Bergh, was seriously injured in what appears to be a failed robbery attempt at his home in Johannesburg last night. The group said it has the necessary plans in place at all its operations to ensure business continuity.

Power Metal Resources PLC (AIM:POW, FRA:2M5) chief executive Paul Johnson and exploration manager Oliver Friesen will be presenting to investors at the London South East investor webinar starting at 6pm on 21 September.

Shield Therapeutics PLC (LSE:STX, FRA:1JS) chief executive Greg Madison will be presenting at the Hardman & Co Life Sciences Investor Forum on Thursday 23 September 2021. The webinar event will begin at 5pm BST and feature three companies.

Another of those companies presenting will be Incanthera plc (AQSE:INC), where chairman Tim McCarthy and chief executive Simon Ward will present on the company’s current corporate status and activities, followed by a Q&A session.


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