Proactive news headlines: NQ Minerals, IronRidge Resources, Primary Health Properties, Power Metal R

NQ Minerals PLC (LON:NQMI) (OTCQB:NQMLF) (OTCQB:NQMIY) said last month’s plant upgrade at the Hellyer Gold Mine in Tasmania has resulted in a 44% increase in production. The enhancements, done six months ahead of expectation, have resulted in hourly production of 150 tonnes, which equates to an annualised rate of 1.3mln tonnes. As chairman David Lenigas pointed out, the changes should boost the company’s finances.


IronRidge Resources Limited (LON:IRR) said it has defined a drill-ready target at the Zaranou gold license in Cote d’Ivoire from recently secured historical data, while the company has also enlarged a second phase drilling programme over the Ehuasso and Ebilassokro targets. The AIM-listed company said the historical data had confirmed the new target, called Yakasse, as a “significant soil anomaly” that warranted follow-up drilling which is planned to begin either on completion of the current drill programme or after the wet season.


Primary Health Properties PLC (LON:PHP), one of the UK’s leading investors in modern primary healthcare facilities, has announced that, further to its announcement of May 11, 2020, regarding of the acquisition of a portfolio of medical centres, it has today completed on the acquisition of the last of the conditional purchases referred to in that announcement, for a price of GBP3.6mln. This completes the purchase of the entire portfolio of 22 properties, it added.


Power Metal Resources PLC (LON:POW) said it has now undertaken the registration of additional claims at the Alamo gold project in Arizona. The AIM-listed explorer said the footprint of the project now covers the area potentially containing a proximal bedrock gold source for the gold nugget mineralisation identified near surface. The company also said that its due diligence period for the project, which had previously been extended to June 30 to reflect disruption caused by the coronavirus pandemic, had now expired and that it remained in discussions with a view to concluding due diligence and related contractual agreements


Pan African Resources plc (LON:PAF) advised shareholders that it has established a sponsored Level -1 ADR programme today on the over-the-counter market in the United States (US) with the Bank of New York Mellon (BNY Mellon) being the appointed Depository. Each depository receipt in the ADR programme represents twenty (20) ordinary shares in Pan African Resources and trades under the symbol ‘PAFRY’. Pan African Resources CEO Cobus Loots commented: “Pan African has a strong shareholder base in South Africa and in the United Kingdom. By establishing the ADR programme, the Company will make investing in its shares even more accessible to international investors, particularly the US investor market. Furthermore, Pan African joins a number of its peers which have successfully implemented an ADR programme.”


TomCo Energy plc (LON:TOM) said it has raised GBP1.5mln in a share placing to fund the advancement of its Greenfield Energy joint venture (JV) with Valkor. The AIM-listed oil shale exploration firm said it had raised the funds through the placing of 375mln new shares at a price of 0.4p each, a 31% discount to its closing price on Wednesday. TomCo said the cash will be used to provide up to US$1.5mln (GBP1.2mln) in funding to the Greenfield JV, which is looking to advance operations at the Petroteq Energy existing oil sands plant (POSP) at Asphalt Ridge, Utah.


Oracle Power PLC (LON:ORCP) said it has received notices of exercise in respect of certain pre-existing warrants to subscribe for, in aggregate, 2,000,000 new ordinary shares of 0.1p each in the capital of the company at a price of 0.25p per share. It said the exercise of these warrants amounts to an aggregate cash subscription of GBP5,000.


Live Company Group PLC (LON:LVCG) has announce that Marwell Zoo with the group’s ‘Supersized Creatures’ exhibit is now open. The company said it looks forward to sharing images and videos of the opening via their social media channels in the coming days. As previously announced, the company also confirmed it will be holding an investor Q &A session on Tuesday, July 7, 2020, from 2.30pm until 3.30pm GMT. Dial in details can be obtained by e-mailing: [email protected]


Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) has received a major boost to its finances with a A$10 million strategic investment from Equatorial Resources Ltd (ASX:EQX) as part of a A$15 million placement of convertible notes to corporate and institutional investors. Equatorial has subscribed for A$10 million of unsecured convertible notes in the company following a detailed review by Equatorial focused on investigating opportunities related to Salt Lake’s current financing requirements and operational progress. Salt Lake Potash is in the final stages of completing a significant project financing that will support the development of its Lake Way Sulphate of Potash (SOP) Project in the Goldfields region of Western Australia.


Mosman Oil and Gas Limited (LON:MSMN) the oil exploration, development and production company, said it has undertaken a placing to raise GBP400,000 (before expenses) by the issue of 500,000,000 new ordinary shares at a price of 0.08p each. The net proceeds raised from the Placing will be used towards the drilling of the Falcon well at the Champion Project in Texas.


Block Energy PLC (LON:BLOE), the exploration and production company focused on Georgia, has announced that, on July 1, 2020, it issued to directors/PDMRs, employees and a consultant nil-cost options over a total of 1,059,839 ordinary shares of 0.25p each. The options were issued in lieu of payment of cash for 40% of salaries, directors’ fees and consultancy fees for the month of June 2020, in accordance the cash conservation announced on April 7, 2020.


Gore Street Energy Storage Fund PLC (LON:GSF), London’s first listed energy storage fund supporting the transition to low carbon power, has announced an extension to the expected timetable announced on June 19. The company said it has been encouraged by the strong interest received from a wide range of investors to participate in the current fundraising, and in order to facilitate orders from some significant additional investors, the latest time for receipt of placing commitments has been extended by two business days to 3.00pm on Monday July 6, 2020. The new ordinary shares will still be eligible for the dividend announced on June 19, 2020, in respect of the period from January 1 to March 31, 2020. It added that the timetable for retail investors to participate via the PrimaryBid platform remains open until 3.00pm today.


Stobart Group Limited (LON:STOB) has confirmed its annual general meeting (AGM) will take place at 11.00am on Thursday, July 30, 2020, at the company’s London office: 15 Stratford Place, London W1C 1BE. Due to coronavirus (COVID-19), the AGM will be functional and shareholders will not be able to attend in person but can attend electronically, details for which are set out in the Notice of AGM. Shareholders are encouraged to exercise their right to vote and, accordingly, it is strongly recommended that shareholders vote by way of proxy, the group said.


Thor Mining PLC (LON:THR) (ASX:THR) has advised that effective immediately SI Capital Ltd are the company’s sole broker.


Angling Direct PLC (LON:ANG), the largest specialist fishing tackle and equipment retailer in the UK, has announced its annual general meeting (AGM) will be held at 10.30am on Thursday, July 30, 2020, at The Homestead, Thurgarton Road, Aldborough, Norfolk NR11 7NY. In order to ensure compliance with the UK government “Stay at Home” measures, the AGM will be convened with the minimum necessary quorum of two shareholders (which the company will facilitate) and other shareholders must not attend the meeting in person. The business at the AGM will be shortened so as to consist of the formal business section only, with no wider presentations on the company’s performance or Q&As and all shareholders are encouraged to submit their vote using the proxy form enclosed with the Notice of AGM


Proactive Research has issued a report on Enteq Upstream PLC (LON:NTQ) following the recent release of the firm’s full-year results for the year-end March 2020. Analyst Ed Stacey says: “We believe that it is still too early to make definitive financial forecasts for FY Mar 2021; however, the earnings release gives us some more indications of the direction of travel.”


Hardman & Co Research has issued a research note on Advanced Oncotherapy PLC (LON:AVO) entitled ‘End-goal fast approaching’. It says: “A recent equity issue, new loan facilities and some commercial announcements earlier in 2020 highlight the increasing confidence that is building in AVO’s ability to achieve its goal to deliver LIGHT in the near future.” The full report can be seen via the following link: https://www.hardmanandco.com/research/corporate-research/funded-through-to-clinical-events/

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