Proactive news headlines: Zoetic International, Iconic Labs, LoopUp Group, Gfinity, ReNeuron …
Zoetic International PLC (LON:ZOE), the London-listed vertically integrated CBD company, announced that it has signed its second international distribution contract, as well as noting continued progress with its core CBD business. The agreement will see the company's premium CBD offering reach consumers in over 15 markets across the European Union, with thousands of stores making preparations to stock the Chill range. In a promising development, this physical footprint will be complemented by an established eCommerce presence which saw substantial revenue generated from vaping products alone during the last financial period, it added. The agreement follows directly from news revealed on July 6, 2020, that the company had signed its first international distribution contract for the Chill range of products. Zoetic also revealed that, following significant demand for its Chill brand products, the group has restocked its range of tobacco alternative CBD smokes online.
Iconic Labs PLC (LON:ICON) said it has completed a contract to produce research, data and insights for a multinational consumer goods firm. The media and technology firm said the deal was an “innovative type of consultation service” that it will look to offer to a range of new clients going forward. Separately, Iconic said it is continuing to work under the management services agreement with JOE Media and it is currently fulfilling a contract to manage the production and distribution of bespoke social content through JOE Media in the UK, which is expected to carry a value of over £150,000.
LoopUp Group PLC (LON:LOOP) has unveiled what it said is a “significant new contract” with one of the worlds top five law firms. The conference call and remote meeting specialist said following a successful pilot with 300 users, its LoopUp Meeting service will now be rolled out globally at the law firm, which has the potential to become one of LoopUps largest accounts. The deal follows two other top 100 global law firm wins in July and August, which the company said demonstrated its “continued success” in expanding its footprint in the professional services market. LoopUp also said it has successfully expanded its existing partnership with leading Caribbean and Latin America telecoms firm C&W Communications with a new contract that will run to the end of its 2022 financial year.
ReNeuron Group PLC (LON:RENE) said dosing has now begun in the US for the expanded phase IIa trial of its hRPC cell therapy for the degenerative eye condition retinitis pigmentosa (RP). Up to a further nine people will be given higher dose levels under a revised protocol at sites in America and the UK. Ten patients have already taken part in this stage of the study. ReNeuron said it expects to present further data over the next 12 months and it believes it will be able to compile enough clinical evidence in that time to seek approval in the second half of next year for a single pivotal clinical trial.
Gfinity PLC (LON:GFIN) said it has been appointed by chocolate maker Cadbury to deliver a new gaming tournament, the Cadbury Heroes Parents League, which will be broadcast across the companys owned channels including Twitch and YouTube. The tournament will involve 12 teams of two players, with each team consisting of one gaming influencer playing alongside a parent or guardian. The influencers will be announced at the start of October, alongside the game used during the tournament, following which there will be a period of training for the teams before the tournament is live-streamed in early November before a final hosted at the Gfinity arena in Fulham. Gfinity also said that it will be paid a six-figure fee to deliver the tournament, which it said will “contribute positively” towards its target of moving into profitability in the first quarter of 2021.
Greatland Gold PLC (LON:GGP) has said that further exploration work by Newcrest, its partner at the Havieron deposit at Paterson in Western Australia has indicated the potential for a bulk mining, open pit prospect. Step-out drilling in the north-west of Havieron identified the breccia target and additional work has now expanded it to a size of 300 metres (m) x 100m x 300m that is open at depth. Greatland noted that Newcrest also pointed out higher-grade zones related to massive sulphide mineralisation were observed, while also demonstrating geological and grade continuity. New drill results from Newcrest in the north of Havieron included five holes with gold grades between 1-2.6,0 grams per ton (g/t), 2.6 g/t at widths of 116m-309m at depths of between 600m-900m. In a separate statement, Greatland Gold also confirmed that the Western Australian Department of Mines, Industry Regulation and Safety has granted its Mining Lease application 45/1287 for the Havieron gold-copper deposit.
Benchmark PLC (LON:BMK), the aquaculture biotechnology business, has revealed that the European Medicine Agencys Committee for Medicinal Products for Veterinary Use (CVMP) has adopted an opinion recommending the inclusion of BMK08's active pharmaceutical ingredient in fin fish as an allowed substance regarding maximum residue limits (MRL) in foodstuffs of animal origin. The group noted that the MRL opinion is an important step towards the launch of BMK08 together with the company's water purification system CleanTreat in the second quarter of its financial year to end-September 2021.
BlueRock Diamonds PLC (LON:BRD), which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced that it has recovered a 9.7 carat diamond with an initial independent valuation estimate of $75,000. The AIM-listed diamond mining company noted that this marks the second high-value stone recovered at Kareevlei in the current quarter. In a statement, Mike Houston, BlueRock's executive chairman commented: "I am very pleased to be able to inform the market of the recovery of yet another high-value diamond. I note that high-quality run of mine diamonds have been recovered in addition to this high-value stone."
IQ-AI PLC (LON:IQAI) said its subsidiary, Imaging Biometrics (IB) has launched its next development initiative, IB Trax, to further build upon its leading position in brain tumour imaging, The company said the new application will leverage the proven ability of quantitative Delta T1 maps, among other technologies, and focus on an improved workflow for evaluating both brain metastases and primary brain cancer across time.
Zaim Credit Systems PLC (LON:ZAIM), the Russia-focused microlender, has cut its store base and accelerated its move online to offset the impact of the coronavirus (COVID-19) pandemic in Moscow and elsewhere. Siro Cicconi, Zaim's chief executive said the business had proved resilient during the lockdown period and action on costs had bolstered its position. At the end of June 2020, Zaim said it had 32 stores compared to 92 in March, while its online operation was scaled up during the Russian lockdown period. Restrictions in Moscow started to be lifted from May, since when demand for credit has started to recover, said Cicconi, especially through the group's online arm.
Strategic Minerals PLC (LON:SML) told investors it has now formally lodged its Program for Environment Protection and Rehabilitation (PEPR) for the planned operations at the Leigh Creek mine, 500 kilometres north of Adelaide. The documentation was lodged with the South Australian government and it follows a prior draft submission. Strategic Minerals said that it feels confident that an approval will be forthcoming before the year-end, given the level of detail in the draft version and the encouragement it has received to date from the South Australian government.
Filta Group Holdings PLC (LON:FLTA), a provider of fryer management and other services to commercial kitchens, has announced the appointment of Brian Riordan as managing director of the company's UK division with effect from October 5, 2020. The group noted that Riordan brings over 25 years' experience of working across food services and facilities management, sales and marketing, retail and hotels. Most recently he was a divisional managing director at Aramark UK, a leading food and facilities services provider which caters for clients across multiple sectors, including education, healthcare, business, prisons, and leisure. Prior to joining Aramark, Riordan spent a number of years as an operations director at Compass Group, the largest contract food service company in the world.
Cadogan Petroleum PLC (LON:CAD) has confirmed a solid balance sheet and robust, cash-generative operations in Ukraine, despite a number of shut-ins and suspensions, in its interim results. The group ended June, 2020, with US$11.6mln of cash, which it confirmed is sufficient to continue operations for the foreseeable future. Production for the six month period averaged 230 barrels of oil per day (bopd), down from 297 bopd in the comparative period last year due to the Blazhiv-3 and Blazhiv-Monastyrets-3 wells being offline for over five months.
Bacanora Lithium Ltd (LON:BCN) has told investors that its pilot plant has completed the bulk sampling required for the Sonora plant and engineering designs. The samples have been sent to the companys partners, in the USA and China, for the optimisation of final designs. Bacanora said the project remains on schedule for initial site works to start in the first half of 2021, subject to the completion of financing. At the same time, the company noted that all engineering work is now taking place off-site.
Panther Metals PLC (LON:PALM) said it has staked an additional 28 mining claims to expand its Big Bear gold project in Ontario, Canada. "We are excited to increase the size of our footprint on the Schreiber-Hemlo Greenstone belt with the staking of a further 28 mining claims adjoining and supplementing our Big Bear gold project”, Panther chief executive Darren Hazelwood said in a statement. “This decision follows directly from the ongoing interpretation and assessment of our airborne geophysical survey data, soil geochemistry results and fieldwork programmes. We look forward to communicating our findings to date soon", he added.
[email protected] Capital PLC (LON:SYME) has updated the market on the status of its inventory funding as well as its relationship with institutional investors. The inventory monetisation specialist said, as planned, it has received offers, subject to contract, from a number of large, global institutional investors to provide funding, in the form of securitisation notes, to monetise more than €300mln of inventory. The company also said there has been strong demand from a number of investment funds which are individually requesting exclusivity for the securitisation notes issuance, and which are also remaining available for strategic support to the company for the next funding rounds.
Vast Resources PLC (LON:VAST) has raised £1.68mln of new capital via a share placing and said it has made progress on project financing for the Baita Plai mine. The company said it has sold 1.1bn new shares at a price of 0.15p each via the placing, arranged by broker Axis Capital Markets. It said the proceeds will be used for working capital. The funds will support the company amid a temporary pause in production due to transport infrastructure problems – a safety concern over a railway bridge between the mine and the flotation plant – which as, previously announced, has delayed first concentrate sales by three to four weeks.
Sativa Group PLC (LON:SATI) said the Canadian Securities Exchange has conditionally approved the listing application for Sativa Wellness Group Inc, which combines the group's operations with Stillcanna Inc. Resumption of trading on the CSE is expected in tRead More – Source