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Proactive news headlines: Chariot Oil & Gas, Sensyne Health, Itaconix, Franchise Brands …

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Chariot Oil & Gas Limited (LON:CHAR) revealed it has received approaches from two parties interested in debt-financing the development of the Anchois gas discovery, offshore Morocco. The Africa Finance Corporation, a pan-African financial institution, has thrown its hat into the ring, saying it would be interested in financing the development of the Anchois discovery and future discoveries within the Lixus offshore licence. Chariot said it had also received a non-binding expression of interest for the provision of reserves-based lending for the development of the Anchois discovery from an unnamed multinational investment bank.

Sensyne Health PLC (LON:SENS) said it has extended its relationship with Microsoft to become a strategic partner of the US software giant with the pair working together on the former’s clinical AI and health cloud technologies. Practically, the enhanced tie-up is set to deliver the latest ‘cloud-first’ healthcare systems and cutting-edge predictive machine learning algorithms. With Microsoft’s help, Sensyne said it aims to create “highly configurable” healthcare technologies that are globally deployable and able to meet local, clinical and regulatory needs.

Itaconix PLC (LON:ITX) said the first half of the year saw the company’s proprietary sustainable chemistries increasingly used by major brands in everyday products. The sustainable speciality polymers specialist saw revenues in the six months to the end of June 2020, shoot up 80% to US$1.1mln from US$604,000 in the first half of 2019. The acceleration in revenues is the result of the continued broadening of the customer base and advancement in customer projects in the company’s major application areas, Itaconix said.

Franchise Brands PLC (LON:FRAN) has said it is confident of meeting current market expectations for its current year as the group highlighted a “steady recovery in trading” in its third-quarter from a second-quarter impacted by lockdown measures. In a trading update for the three months to September 30, 2020, the owner of the multi-brand business said its B2B division, which includes its Metro Rod, Metro Plumb, Willow Pumps and Kemac portfolio of drainage, plumbing and pump brands, said sales grew by an average of 8% per month from June onwards as the UK economy emerged from lockdown, and by September system sales were 9% higher than a year ago.  As a result, the division’s sales in the third quarter were down only 6% year-on-year, compared to a 30% decline for the division at the height of lockdown in April and May.

Gfinity PLC (LON:GFIN), a world-leading esports and gaming solutions provider, announced that it has been appointed by Red Bull as the production partner for ‘Red Bull Worlds Simplified’. Red Bull Worlds Simplified is a new digital show which breaks-down the League of Legends World Championship Final into a format that is accessible to people around the world, including those with no prior knowledge of the game and competition. The show will be hosted by esports presenter Frankie Ward, live from the Gfinity Arena in London on October 31, 2020. 

Red Rock Resources PLC (LON:RRR) has noted the announcements by Jupiter Mines Ltd (ASX:JMS), in which it has an investment, of its half-year results and dividend, plus the planned demerger, in specie distribution, and IPO of its iron ore assets. In a statement,  Red Rock chairman Andrew Bell commented: “Red Rock welcomes the planned demerger of Jupiter’s iron ore assets, and to receiving its share of the in specie distribution of NewCo shares. As the holder of a royalty over Jupiter’s Mt Ida iron ore asset, Red Rock would be a major beneficiary of any success by NewCo in the development of this Resource. After the recent appreciation of the Company’s holding in Power Metal Resources PLC, the Company’s listed holdings, which include the holding in Jupiter, have a current value of approximately £2.75mln.” 

Savannah Resources PLC (LON:SAV), which is developing Europe’s first lithium mine, said it has been encouraged by the increased focus being placed on the environment by governments. The company’s chairman, Matthew King, drew attention to an increasing number of governments prioritising “green” investment as a key part of economic recovery packages. “We believe Savannah, through its ownership of Mina do Barroso … is ideally placed to play an important role in these initiatives as the foundation for a new European industry,” King said in the company’s results statement covering the first half of 2020.

Oncimmune Holdings PLC (LON:ONC) said its EarlyCDT lung blood test will be part of a large-scale study in the US to assess its potential use in screening people with low-to-moderate risk lung nodules. Marketed in the States as Nodify CDT, the Oncimmune technology is being used alongside Nodify XL2 in the clinical assessment being carried out by partner Biodesix. The ALTITUDE trial will enrol a total of 2,000 with the first batch of 500 expected to be recruited in the first phase.

NextEnergy Solar Fund Limited (LON:NESF),  the solar power investment company, said electricity generation in the six months to end September 2020 had significantly exceeded expectations. Power from NESF’s solar portfolio was 11.1% above budget (2019: 5.0%) while irradiation exceeded expectations by 10.8% (2019: 4.8%). The fund also reaffirmed its full-year dividend target of 7.05p for the financial year ending March 31, 2021 (2019: 6.87p).

Greencoat UK Wind PLC (LON:UKW) announces that its unaudited net asset value as of September 30, 2020, was £2,201.9 million (120.7p per share). The group also announced a quarterly interim dividend of 1.775p per share with respect to the quarter ended September 30, 2020, and said its September 2020 Factsheet is available on the company’s website: www.greencoat-ukwind.com

Synairgen PLC (LON:SNG), the respiratory drug discovery and development company, said it was informed on October 28, 2020, that Leonard Licht, a private investor, now holds 6,500,000 ordinary shares of 1p each in the capital of the company, representing 3.94% of the issued share capital.

Zoetic International PLC (LON:ZOE) said it has received a significant order under one of its existing contracts to roll out stock of its Chill range of tobacco substitute cannabidiol (CBD) products in a number of convenience stores across the US. In a trading update ahead of its annual general meeting later today, the CBD firm said the order was the latest demonstration of the attraction of its Chill brand and “marks the “crossing the Rubicon” to full commercialisation” following what it said was “excellent consumer feedback” during the beta phase. In a separate statement later, Zoetic announced that at the company’s annual general meeting, held on Wednesday, all resolutions were duly passed.

Impax Asset Management Group PLC (LON:IPX) announced that its subsidiary, Impax Asset Management Limited (IAM) and BNP Paribas Asset Management Holding (BNPP) have agreed to update the arrangements under which BNPP and its affiliated companies provide marketing, introduction and other distribution services for IAM. The new arrangements are described in a distribution agreement, which will have a minimum term of four years, and which supersedes a previous Memorandum of Understanding (MoU) between the parties that has been in place since 2007, with subsequent modifications.  Impax Asset Management said there have been no material changes in the fees set out in the distribution agreement compared with those set out in the MoU.

Chaarat Gold PLC (LON:CGH) said it is changing focus to hit its production target this year due to the fighting in Nagorno-Karabakh, which is 150 kilometres from its Kapan gold mine in Armenia. Artem Volynets, Chaarat’s chief executive, said that In preparation for any possible operational disruptions during this current quarter it is targeting higher-grade ore at Kapan to offset potential lower capacity through the plant and to ensure that full-year guidance is met. In a statement, Volynets added: “The ongoing COVID-19 pandemic and events in our countries of operation have presented unprecedented challenges for Chaarat during this quarter.“

ANGLE PLC (LON:AG) (OTCQX:ANPCY) revealed after the close on Tuesday that it had successfully raised gross proceeds of £19.6mln via a conditional placing of shares to propel the company firmly into the commercial phase of its development. The group said 42,608,695 shares were placed at a price of 46p each with new and existing investors. ANGLE shares closed trade on Tuesday at 48.50p. In a statement announcing the placing results, ANGLE founder and chief executive, Andrew Newland, commented: “We are grateful for the strong support of existing and new shareholders. As well as strengthening the Company’s balance sheet, the proceeds from the Placing will allow us to progress commercialisation of our Parsortix system, whilst it is under substantive review with FDA.

i3 Energy PLC (LON:I3E), an independent oil and gas company with assets and operations in the UK and Canada, noted that Toscana Energy Income Corporation (TSX:TEI) announced on Tuesday that it has obtained a final order from the Court of Queen’s Bench of Alberta approving the acquisition of Toscana by i3 Energy, as previously announced on June 23, 2020. In addition, Toscana held its annual and special meeting of Toscana shareholders in Calgary, Alberta on Tuesday at which the arrangement was approved by the shareholders. Closing of the arrangement is conditional on the approval by i3’s shareholders which is being sought at the i3 general meeting to be held at 10.00am on October 29, 2020.

Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company said it has received a notice to exercise warrants over 2,878,800 new ordinary shares of 0.1 pence each in the company at an exercise price of 1.0p each and subscription monies of £28,788 have been received by Power Metal in respect of these exercises.

Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company, announced on Tuesday that under an exercise of warrants at a price of 0.16p per share in terms of the fundraising announced on June 19, 2020, it is issuing a total of 93,750,000 fully paid ordinary shares of 0.002p each in the company. In another statement on Wednesday, Bezant said under another exercise of warrants at a price of 0.16p per share in terms of the same fundraising, it is issuing a total of 25,000,000 fully paid ordinary shares of 0.002p each in the company

Remote Monitored Systems PLC (LON:RMS) said it has received notification to exercise a further 22,000,000 warrants at an exercise price of 0.5p each. The consideration received by the company will be £110,000.

Pan African Resources plc (LON:PAF) (JSE:PAN) has said its 2020 annual general meeting (AGM) will be held electronically on Thursday, November 26, 2020, at 11.00am UK time.

Kodal Minerals PLC (LON:KOD), the mineral exploration and development company, said it has received a conversion notice in relation to its US$1.5mln unsecured convertible loan agreement with Riverfort Global Opportunities PCC Limited and YA II PN Ltd, details of which were announced on 15 July 2020. The group said the two investors have elected to convert a total amount of $70,358.92 (equivalent to £53,930.11), made up of a principal amount of $70,000.00 and accrued interest of $358.92, into 85,063,264  new ordinary shares of 0.03125p each in the company, at a price of 0.06340p per ordinary share.

Litigation Capital Management Limited (LON:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announced that it’s annual general meeting (AGM) for the year ended June 30, 2020, will be held in Sydney on November 19, 2020, at 9.00am AEDT (10.00pm GMT on November 18, 2020). Shareholders are able to access the virtual AGM using the following link: https://agmlive.link/LCA20. The company invites shareholders to submit questions in advance of the AGM by emailing them to [email protected]. Questions should be submitted by 10:00 am GMT on November 12, 2020.

Tiziana Life Sciences PLC (NASDAQ:TLSA) (LON:TILS), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, confirmed on Tuesday the timetable for the demerger of its Accustem Sciences Limited business for holders of the company’s American Depositary Receipts (ADRs), with completion of the demerger expected on October 30, 2020, and the record date for holders of ADRs set as November 6, 2020. In a separate statement on Wednesday, Tiziana also revealed that it has allotted and issued 344,063 ordinary shares of 3p each credited as fully paid at prices between 66p and 80p per share in respect of the exercise of 344,063 warrants, yielding £234,300 in cash for the company.

IQGeo PLC (LON:IQG) announced that its registered office is now located at Nine Hills Road, Cambridge, CB2 1GE.

Metal Tiger PLC (LON:MTR), the AIM-listed investor in natural resource opportunities, has noted that Sandfire Resources Limited, in which it holds approximately 3.5% of the issued share capital has released several announcements including its quarterly report. The updates can be found via the following links: Sandfire Quarterly Report Presentation September 2020 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02300064-6A1003687?access_token=83ff96335c2d45a094df02a206a39ff4; Quarterly Activities Report: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02300062-6A1003686?access_token=83ff96335c2d45a094df02a206a39ff4; Progress Report: and Botswana Development Projects Update:USA https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02300060-6A1003685?access_token=83ff96335c2d45a094df02a206a39ff4

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