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Proactive news snapshot: Venn Life Sciences, Berkeley Energia, PowerHouse Energy …

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

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Venn Life Sciences Holdings plc (LON:VENN) has unveiled plans to raise £4.5mln via a share placing. The cash will be used to bankroll and grow the enlarged group following the takeover of corporate financier Cathal Friel’s latest venture, a firm called Open Orphan.

Berkeley Energia Ltd (LON:BKY) has said that four out the five seats contested in the local election at the village of Retortillo have been won by candidates who support the development of the Company's nearby Salamanca project. Separately Berkeley has also been awarded 266 Square kilometres of new exploration ground 40km away.

Shares in PowerHouse Energy Group PLC (LON:PHE) rose on Tuesday following a documentary, War on Plastic with Hugh and Anita broadcast on BBC1 Monday night.

Total production from the Horse Hill well near Gatwick has now passed 50,000 barrels, operator UK Oil & Gas PLC (LON:UKOG) revealed today. Production from the shallow Portland layer has been stable at 220 barrels per day, with production now in excess of that from the deeper Kimmeridge reservoirs. UKOG owns a 50.63%  interest in the Horse Hill licence while Alba Mineral Resources plc (LON:ALBA) has an 11.77% stake. Big Pic in February.

Quadrise Fuels International PLC (LON:QFI) has inked an agency agreement with industrial infrastructure firm Redliner in an effort to fast-track projects for its MSAR synthetic fuel technology in Mexico.

Project management and consultancy group WYG PLC (LON:WYG) said its consultancy services business is stable in most areas and starting to deliver improved results.

KR1 PLC (LON:KR1) has earned around US$360,605 from the sale of ATOM tokens in the Cosmos blockchain network. The digital asset investor said that it had sold 70,079 ATOM tokens for an average price of US$5.14 each, having acquired them for around US$0.10 each in a Cosmo initial coin offering (ICO) in early 2017.

Polarean Imaging PLC (LON:POLX) confirmed that enrolment of the final few patients for clinical testing of its drug-device combination for MRI lung scans will soon begin at a third trial site.

Stobart Group PLC (LON:STOB) has revealed that permission for its former CEO Andrew Tinkler's to appeal certain aspects of the judgment handed down by Judge Russen QC on 15 February 2019 has been refused by the Court of Appeal. In a brief statement, the FTSE 250-listed Company said it will provide further updates to shareholders on the legal proceedings as required.

African Battery Metals Plc (LON:ABM) said the first half was a “turbulent time” for the Company but it is back on track after completing a restructuring and refinancing. Reporting interim results for the six months period ended 31 March 2019, ABM said its assets at the period end were £3mln, up from £2mln as at the end of September 2018.

Taptica International Ltd (LON:TAP) has said it will “aggressively defend” a complaint filed against it in a California court by ride-hailing app firm Uber Technologies Inc., as the firm gets caught up in the US-listed ride-hailing app firm’s long-running ad-fraud case.

BigDish PLC (LON:DISH), the food technology Company that operates a yield management platform for restaurants, has received proceeds of £22,500 following an exercise of warrants over 500,000 common shares in the Company by a holder at an exercise price of 4.5p each.

Primary Health Properties PLC (LON:PHP) has said it remains committed to maintaining a fully covered dividend whilst paying out substantially all of its underlying earnings. The FTSE 250-listed investor in modern primary healthcare facilities reaffirmed the payout commitment at its annual general meeting, held today in London.

Meanwhile, Capital Research analyst Ed Stacey today issued a note on PHP, in which he concluded: “We believe that the conditions remain in place for PHP to continue generating strong returns in the next few years, and to continue its unbroken run of dividend increases.”

Ariana Resources PLC (LON:AAU), the exploration and development Company with gold mining operations in Turkey, said it will be hosting a shareholder update meeting and presentation, followed by a Q&A session on 27 June 2019, at 11am at Panmure Gordon and Company, One New Change, London, EC4M 9AF. The company said its Annual General Meeting will still be held at the East India Club, 16 St James's Square, London, SW1Y 4LH on 28 June 2019 at 11.00 am, however no formal presentation will be given at the AGM due to the managing director's unavailability as a result of his travel commitments.

An article in the Financial Times last week highlighted a trio of AIM-listed biotech companies - Oncimmune PLC (LON:ONC)), Advanced Oncotherapy PLC (LON:AVO) and Scancell PLC (LON:SCLP) - that are seeking to play their part in faster detection and more effective treatment of cancer.

ECR Minerals PLC (LON:ECR) has told investors on Tuesday that it has made encouraging progress in its follow-on gold nugget test programme at its Creswick project in Victoria, Australia.

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