Getvisibility, an artificial intelligence data management company, has recently announced that it had signed a global distribution agreement with StarLink, a leading distributor of security-related technologies.
This distribution agreement is an extension of an existing arrangement between Getvisibility and StarLink that covered the US. The partnership with StarLink has resulted in several proof of concept implementations across large financial institutions and utilities service providers across the Middle East.
12.40pm: Zephyr swept higher by acquisition news
Zephyr Energy PLC (LON:ZPHR) headed 11% north to 2.278p after it raised funds to finance the Paradox lateral well and to make some acquisitions.
The group raised £10mln of new equity and struck a deal to acquire a package of producing wells in the Bakken Formation, in North Dakota, USA.
Some US$3.5mln of proceeds will, meanwhile, fund the drilling of the proposed State 16-2 CC LN lateral appraisal well, designed to establish production in the Paradox basin portfolio, in Utah.
11.45am: Cerillion Technologies bags biggest ever contract win
The billing, charging and customer relationship management software outfit said the contract is worth US$18.4mln over 10 years and is with a full-service network operator in Latin America.
This contract, together with a smaller £2.7m extension recently secured with an existing customer in Europe, is anticipated to result in the Company exceeding current management expectations for pre-tax profit in the current financial year ending 30 September 2021.
10.50am: Critical Metals teases the market
The announcement from the mining investment firm came alongside its interim results.
The company posted a net loss of £152,111 for the six months to end December 2020 versus a loss of £17,437 in the year-earlier period. In September the company was admitted to the main market of the London Stock Exchange, raising gross proceeds of £0.8mln.
9.55am: 88 Energy pumped by discovery at the Merlin-1 well
The company said logging-while-drilling data indicated multiple potentially hydrocarbon-bearing zones in the Merlin-1 well in Alaska.
The company added that wireline logging will commence shortly to confirm whether mobile hydrocarbons are present. It highlighted that in Merlin-1 the Nanushuk formation, which contains the primary targets, was confirmed in the well.
9.00am: Zegona and Destiny Pharma battle it out for top spot on movers list
The private equity funds KKR, Providence and Cinven have launched a tender offer to acquire Euskaltel for €11.17 a share, a 27% premium to the 30-day volume-weighted average price of Euskatel,
Zegona is the lead shareholder in Euskaltel, the Spanish telecoms firm, with 38.3mln shares.
The company unveiled encouraging top-line results from its Phase 2b clinical study testing its XF-73 nasal gel.
The gel is being investigated as a new product for the prevention of the incidence of post-surgical infections such as methicillin-resistant Staphylococcus aureus (MRSA), associated with open wounds and broken skin.
Proactive news headlines:
RM Secured Direct Lending PLC (LON:RMDL), the investment trust that specialises in secured debt investments, said its performance was resilient in 2020, with the net asset value total return (i.e. including dividend payments) totalling 3.15%.
Amryt Pharma PLC (LON:AMYT, NASDAQ:AMYT) said its treatment for a rare genetic skin disorder will now begin a formal review process after the European Medicines Agency (EMA) validated its marketing application.
Landore Resources Ltd (LON:LND) said drilling results from its BAM gold deposit in Canada confirmed the depth and length extensions of the west pit reporting widths and grades consistent with the defined resource. “Results received to date on the Western step out drilling are highly encouraging,” it said.
Gfinity PLC (LON:GFIN) has reported sharply reduced losses in its first half as the esports media group also announced the conclusion of its strategic review. In its results for the six months to December 31, 2020, the AIM-listed firm reported an adjusted operating loss of £0.9mln, narrowed from £2.4mln in the prior year, while revenues from the period stood at £3mln compared to £3.5mln a year ago.
BlueRock Diamonds PLC (LON:BRD) has sold three recently recovered gem quality stones of 8.4 carats, 10.6 carats and 9.7 carats. The stones were sold for US$88,000, US$73,000 and US$53,000 respectively. The stones come from the company’s Kareevlei diamond mine in the Kimberley region of South Africa.
OKYO Pharma Limited (LON:OKYO) has appointed Dr Rajkumar Patil as its chief scientific officer. OKYO said Dr Patil brings 30 years of ophthalmic and pharmaceutical research & development (R&D) experience.
Deltic Energy PLC and Shell UK Ltd has decided to drill the high impact Pensacola prospect on Licence P2252 in the UK Southern North Sea. Shell and Deltic have subsequently confirmed to The Oil and Gas Authority that the contingent well commitment is now firm. The drilling of this key well on Pensacola has the potential to be transformational for Deltic and is a vital step in evaluating the highly prospective Zechstein reef play which in turn has the potential to revitalise exploration in the Southern North Sea.
Europa Metals Ltd (LON:EUZ) closed out 2020 with A$2.9mln in cash. During the year to December 2020 the company booked a net loss after tax of A$1.6mln. The prime focus of the company during the period was continued work on its Toral zinc and base metals project in Spain. “During 2020, a clear strategy was pursued to complete all the requisite work for a revised independent preliminary economic study to be commissioned, and its findings published,” said chairman Myles Campion.
Power Metal Resources PLC (LON:POW) and Kavango Resources PLC (LON:KAV) said they plan to list an existing joint venture in London after they signed agreements to buy eight prospecting licences in the highly prospective Kalahari Copper Belt (KCB) in Botswana.
Braveheart Investment Group (LON: BRH) said that Jonathan Freeman, non-executive director, has stepped down from the board in order to be able to devote more time to his other business interests. The company said it has commenced the selection process for another non-executive director to be appointed and expects to be able to make an announcement regarding this in the near future.
Tiziana Life Sciences PLC (LON:TILS) (NASDAQ:TLSA) said its chairman and founder Gabriele Cerrone, will give an interview on Bloomberg Television on Monday March 29 at 1.20 p.m. US Eastern Standard Time (6.20 p.m. London Time) as part of the Bloomberg Surveillance Show.
The board of Arix Bioscience PLC (LON: ARIX) said it has paused its timetable to appoint James Noble and Axel Wieandt as non-executive directors of the company. The company said while the board continues to believe that both appointees are highly qualified with relevant experience and expertise, it believes the appointments should be considered within the scope of the company’s recently announced strategic implementation review which includes the question of board composition.
Albion Capital Group’s Albion Technology & General VCT PLC (LON:AATG) and Albion Development VCT PLC (LON:AADV) on Friday published their financial statements for the past calendar year. The Albion Development VCT noted that it paid dividends of 4.24p per share for 2020, while the Technology & General VCT paid 12.95p per share.
DigitalBox PLC (LON:DBOX) said it is evaluating potential acquisition targets after a successful year in which it saw strong growth in website users and reported another underlying profit.
Plexus Holdings Plc (LON:POS) said as momentum towards a carbon-neutral world builds the oil and gas industry is positioning itself to be in the mainstream rather than on the fringes, as it posted interim results.
Zephyr Energy Plc (LON:ZPHR) raised £10mln of new equity and struck a deal to acquire a package of producing wells in the Bakken Formation, in North Dakota, USA.
Caerus Mineral Resources PLC (LON:CMRS) said drilling will start significantly ahead of schedule on its two licences at the N. Mathiatis copper-gold project in Cyprus.
RedX Pharma PLC (LON:REDX) announced that it will present a poster entitled ‘Mechanism of action of RXC004, a Wnt pathway inhibitor, in genetically-defined models of cancer’ at the American Association for Cancer Research (AACR) Annual Meeting, being held virtually on April 10 2021.
Oracle Power PLC (LON:ORCP) said a new presentation has been uploaded to its website which focuses on the company’s development strategy for its highly prospective gold interests both located in world class gold mining districts of Western Australia. The presentation can be found at http://www.oraclepower.co.uk/investor-relations/presentations/