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Proactive news summary - Forte Energy, EMIS, Range Resources, African Potash and Tower Resources

Last updated: 02:21 24 Dec 2014 AEDT, First published: 03:21 24 Dec 2014 AEDT

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Shares in Forte Energy (LON:FTE, ASX:FTE) surged on Tuesday as investors anticipated a material uplift to one of the group’s recent additions.

GEONG International (LON:GNG) shares also rose in afternoon deals as its strategy to concentrate on its larger existing clients and its software as a service (SaaS) business continues to gain traction.

Andes Energia (LON:AEN) is to pump around US$4.95mln into Interoil Exploration and Production in return for a controlling stake in the Colombia-focused firm. The acquisition of a 51% stake in the Norwegian company will trigger a mandatory offer by Andes on the basis of NOK 0.11 per Interoil share.

Tower Resources (LON:TRP) has appointed Andrew Smith as the group’s financial controller and company secretary.

Sirius Minerals (LON:SXX) will provide information on the various issues raised from the statutory consultation process for its application for the York potash project in January next year, it said.

Healthcare services group EMIS (LON:EMIS) has unveiled the acquisition of Medical Imaging, a specialist in diabetic eye screening and ophthalmology imaging.

E-procurement specialist cloudBuy (LON:CBUY) expects its recent emphasis on new markets in Asia-Pacific to pay off longer term but it will push back the booking of a chunk of revenues.

Range Resources (LON:RRL) has announced the disposal of its non-core Texas based assets to its associate Citation Resources.

Ortac Resources (LON:OTC) remains confident it can find a non-cyanide based treatment for the ore from its Sturec gold deposit in Slovakia.

Base Resources (LON:BSE) has launched a takeover bid for World Titanium Resources(ASX:WTR), which owns the Toliara mineral sands project in Madagascar.

African Potash (LON:AFPO) intends to press on with drilling at the Lac Dinga potash project in Congo Republic after the results of its first two holes.

Mirada (LON:MIRA) has seen the launch of its new over-the-top TV platform put back into the New Year by the customer.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

5 hours, 17 minutes ago