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Proactive news summary - President Energy, Gemfields, Wentworth Resources, Westminster

Last updated: 03:01 05 Mar 2015 AEDT, First published: 04:01 05 Mar 2015 AEDT

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London’s junior market was making plenty of noise halfway through the week.

President Energy (LON:PPC) told of plans raise £9.1mln (US$14mln) as it looks to expand its operations in Argentina and Paraguay.

Wentworth Resources (LON:WRL), the East Africa-focused oil & gas company, has drawn down US$5.6mln from its US$20mln credit facility with TIB Development Bank.

Chairman and chief executive of Nicaragua-focused gold explorer Condor (LON:CNR) Mark Child now owns 8.55% of the capital after buying shares.

Circle Oil’s (LON:COP) exploration well in Oman has been plugged abandoned after drilling experienced difficulties.

Richland Resources (LON:RLD) has completed its exit from Tanzania with the receipt of US$5.1mln from new owner Sky Associates.

Security firm Westminster (LON:WSG) has acquired a new vessel following the ferry contract secured last year, which is expected to arrive in West Africa next month.

ANGLE (LON:AGL), the specialist medtech firm, has received very strong interest from existing shareholders in its recent share issue.

Emerald and ruby miner Gemfields (LON:GEM) has been upgraded by JP Morgan, which says there is nothing in the price currently for the nascent sapphires business.

Rare Earth Minerals (LON:REM) chairman David Lenigas has been appointed to the board of Bacanora Minerals.

KEFI Minerals (LON:KEFI) has found more indications of gold from exploration of a new zone at its Jibal Qutman joint venture in Saudi Arabia.


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...

13 hours, 41 minutes ago