Solo Oil PLC (LON:SOLO) has raised £2.41mln of new capital and could raise up to £1.2mln more, as it the group looks to strengthen its hand at the negotiating table. The company is a stakeholder in successful projects in Tanzania and onshore UK, and, as it works to ‘realise shareholder value’ from these key assets, it believes new cash calls are likely.
Metal Tiger PLC (LON:MTR) has received a boost from the latest assay results from the company’s joint venture project with MOD Resources Ltd (ASX:MOD) in Botswana, which sent MOD's shares Australia surging 13.6% In Australia. Metal Tiger also announced plans to raise at least £4.6mln through the issue of shares at 2.8p.
IP group Tekcapital PLC (LON:TEK) has been invited to give a master class at the Marketing and Technology Transfer Hub for the Americas in Santiago, Chile on 6 September. The event is a high-level training programme aimed at entrepreneurs and technology transfer professionals in the Latin American region.
Arix Bioscience Plc (LON:ARIX) has made its first investment in an already-publicly listed company. The life science investment group is to take an 11% interest in ASX-quoted Pharmaxis (ASX:PXS), which is developing treatments for inflammation and fibrosis.
Frontier IP Group Plc (LON:FIPP) said its portfolio company, Fieldwork Robotics, has entered into a collaboration agreement with UK soft-fruit grower Hall Hunter Partnership to test a raspberry harvesting robot.
Flying Brands Ltd (LON:FBDU) has appointed a senior executive who has a track record of business development to its oversee its main operating subsidiaries. David Smith, a 30-year veteran of the life sciences industry, has been named chief operating officer and chief executive of StoneChecker Software and Imaging Biometrics.
Thor Mining PLC (LON:THR) (ASX:THR) has said shareholders at Hawkstone Mining Limited (ASX:HWK) have approved the company’s acquisition of Thor’s interest in USA Lithium Pty Ltd. The miner said it expected to be issued around 7.81mln shares in Hawkstone, while also returning 5% of the disposal proceeds to Pembridge Resources PLC (LON:PERE), who Thor acquired the interest from originally.
Range Resources Ltd (LON:RRL) has told investors that its well services subsidiary has landed a new contract. Range Resources Drilling Services Limited (RRDSL) is now to provide turnkey services to Touchstone Exploration Inc (LON:TXP, TSE:TXP) for one initial well, which will be drilled using RRDSL’s rig 17 which has now been mobilized.
Vast Resources PLC (LON:VAST) believes it is nearing an important administrative milestone in Romania. In a stock market statement, Vast told investors that the company’s 80% owned AFCR subsidiary, alongside its state-backed partner, has now submitted a joint formal application to Romania’s National Agency for Mineral Resources for an association licence.
Kibo Energy PLC (LON:KIBO) said it had completed the second phase of the school building and upgrade programme at the villages of Mheza and Namkukwe, near the Mbeya Coal to Power Project in the Songwe region of south-western Tanzania.
OptiBiotix Health plc (LON:OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, announced that, subject to the completion of normal regulatory due diligence, Sean Christie will be appointed as a non-executive director of the company. The firm said Christie has a wealth of international experience in the food, ingredient and chemical sectors as finance director of Northern Foods PLC and Croda PLC (LON:CRDA).
Summit Therapeutics PLC (LON:SUMM) (NASDAQ:SMMT) announced that Glyn Edwards, its chief executive officer, will present at the Canaccord Genuity Growth Conference on 9 August 2018 at 8:00am EDT in Boston. The group said a live audio webcast of the presentation and a replay of it, will be available through the investors section on the company's website.