Proactive news snapshot: Redx Pharma, Tissue Regenix, SDX Energy …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Chaarat Gold Holdings Ltd (LON:CGH) has unveiled a proposal to acquire the Kumtor mine, one of the largest gold mines in Central Asia, from Centerra Gold. It would be part of a three-way deal between Chaarat, Centerra and Kyrgyz state consortium, Kyrgyzaltyn OJSC.

Drug discovery group Redx Pharma Plc (LON:REDX) has pulled off a major coup with the appointment of a senior executive from drugs giant AstraZeneca PLC (LON:AZN) as its new chief executive. She is 49-year-old Lisa Anson, who has been AZ’s UK president since 2012 and has worked for the company for more than two decades.

Growing medical devices group Tissue Regenix Group PLC (LON:TRX) said DermaPure products processed through the recently-acquired CellRight Technologies facility in San Antonio, Texas, are now on sale in the US. It follows the completion ahead of schedule of the manufacturing technical transfer.

SDX Energy Inc (LON:SDX, CVE:SDX) has announced another new discovery, in the Rabul 4 Well in Egypt’s West Gharib concession. The well was drilled down to 5,250 feet and encountered 43 feet of net heavy oil pay, across the Yusr and Bakr formations. The company said the average porosity measured 16%.

OptiBiotix Health plc (LON:OPTI) has entered into a non-exclusive agreement for Cambridge Commodities Ltd (CCL) to distribute its SlimBiome weight management technology in the UK.

Specialist tech investor Sure Ventures PLC (LON:SURE) has made its first direct investment in the UK. The venture capital fund is putting £500,000 into Immotion Group, a Manchester-based group that specialises in virtual reality cinema pods.

Coinsilium Group Limited (AQSE:COIN) said it will provide advisory services to Singapore registered company MGXP PTE Ltd (PLACTAL) regarding the launch of its blockchain-based mobile game advertising app.

Falcon Media House Limited (LON:FAL) said it has received £325,000 from its issue of convertible loan notes in October 2017, however it was still awaiting outstanding funds from one of its major shareholders.

ITM Power plc said its large-scale power-to-gas energy storage deployment study with Northern Gas Networks (NGN) has found four suitable locations for a power-to-gas demonstration facility. The AIM-listed firm said that, of the four locations found, Low Thornley in Gateshead is recommended as the most suitable site.

Primary Health Properties PLC (LON:PHP) got a lift from news that it was included in FTSE Russell’s FTSE 250 and FTSE All-Share indices, with effect from the start of trading today, 24 April. Furthermore, the leading investor in modern primary healthcare facilities announced that it has also been named by MSCI Inc. as the winner of the UK Property Investment Award for the highest 10-year risk-adjusted total return in the UK market.

Custodian REIT PLC (LON:CREI) said the UK commercial property market has become characterised by a very tight supply of investment opportunities and strong demand. Richard Shepherd-Cross, the trust's managing director, said this has led to strong competition, particularly for industrial/logistics assets and properties let on long leases.

Rainbow Rare Earths Ltd (LON:RBW) produced 279 tonnes of concentrate grading 62% total rare earth oxides from its Gakara mine in Burundi during the three months to 31 March. The averaged realised selling price per tonne of concentrate was US$2,357.

Goldplat plc (LON:GDP) sold 28,534 gold equivalent ounces in the nine months ended 31 March 2018, slightly up on the 27,714 ounces sold in the corresponding period a year earlier.  During the most recent quarter, the company produced 6,966 ounces of gold and gold equivalent.

Ironridge Resources Ltd (LON:IRR) has hit grades as high as 39.1 grams per tonne from rock chip sampling on its Dorothe license in Chad. Promising copper, lead and silver grades have also been returned. The company is now stepping up the pace of exploration and expects to deliver good newsflow in the coming months.

Jersey Oil and Gas PLC (LON:JOG) has told investors that its joint venture with Statoil has committed to pre-fund a multi-client 3D seismic survey which will include its acreage in the North Sea.

Range Resources Limited (LON:RRL) has increased production for a third consecutive quarter. The Trinidad-based oil group averaged 731 barrels per day (bopd) to March, a rise of 16% on the previous quarter.

Shefa Yamim (LON:SEFA), a precious stone exploration company in Northern Israel, has announced the appointment of Daniel Stewart & Company as joint broker to the company.

Victoria Oil and Gas PLC (LON:VOG) announced that Iain Patrick has resigned as an independent non-executive director of the company, with immediate effect.

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company announced that its wholly-owned subsidiaries, Avation Capital S.A. and Avation Group (S) Pte. Ltd., on 20 April 2018, updated their global medium term note programme

Sareum Holdings Plc (LON:SAR), the specialist cancer drug discovery and development business, will present at BioTrinity 2018 in London today, at 12.20pm. Dr Tim Mitchell, CEO of Sareum, will introduce Sareum and provide an overview of its lead programmes including its most advanced programme SRA737, a novel Checkpoint kinase 1 (Chk1) inhibitor licensed to Sierra Oncology (NASDAQ: SRRA).

The Marketing Group PLC (NASDAQ OMX:TMG) said Slingshot, its award-winning sponsorship agency has been appointed by London’s Southbank Centre to manage its commercial rights for Wintertime – the UK’s largest celebration of winter culture. It added that Slingshot Sponsorship will handle all commercial rights and partner opportunities ahead of the 2018/2019 event.

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