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Proactive news snapshot: Westminster Group, Tower Resources, Bushveld Minerals …

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

Security and managed services specialist Westminster Group PLC (LON:WSG) has signed an agreement with Hazar International that will see the two companies work together on projects in Saudi Arabia. Hazar has been working in aviation and other sectors in Saudi for over 30 years and will form a joint venture with Westminster to target screening and other security work at the Kingdom’s airports and ports as more of its infrastructure is devolved to the private sector.

Africa-focused oil and gas explorer Tower Resources PLC (LON:TRP) has raised £150,000 after its chief executive, Jeremy Asher, subscribed for another slew of shares. The cash injection will keep the business ticking over while bosses continue with talks regarding the financing of the NJOM-3 well on the Thali licence, offshore Cameroon, which they hope to wrap up soon.

Bushveld Minerals Limited (LON:BMN), the vanadium producer, has provided a maiden mineral resource estimate for the Brits Vanadium Project in South Africa that it said confirms it as a high-quality asset.

ANGLE PLC (LON:AGL) said it believes there is the potential to develop the company’s liquid biopsy as a companion diagnostic in clinical trials to assess which patients might respond to immunotherapies being developed for cancer. This, the firm said, would require building on the work carried out by the University Medical Centre Hamburg-Eppendorf.

ECR Minerals PLC (LON:ECR) has rented a large aircraft hangar and bought large laboratory equipment as it looks at ways to speed up testing and “aggressively” advance its Creswick gold project in Victoria, Australia. Earlier this month the miner started using metal detectors to scan sample bags containing rocks collected from recent drilling, helping it assess which bags to send to the lab for full testing.

FairFX Group PLC (LON:FFX) has received permission from the Financial Conduct Authority (FCA) to provide credit facilities and loan products to its business and retail customers.

BigDish PLC (LON:DISH) said it has received the £2.1mln it raised from an institutional investor at the start of June as the restaurant booking platform issued an update on its expansion plans. The firm, which uses its technology to help restaurants fill tables during quieter periods, said the launch of its platform in Brighton and Reading would be happening “soon” following a slight delay to focus on the recruitment of new territory managers as part of a UK-wide rollout.

Premier African Minerals Limited (LON:PREM) has raised US$350,000 via a  convertible loan note with Regent Mercantile. The annual interest rate is 10% per annum with the money to be advanced in one payment. Big Pic in May.

Adamas Finance Asia Limited (LON:ADAM) has announce the appointment of Stuart Crocker as an independent non-executive director of the company with effect from 21 June 2019. The Crocker noted that, who was in the British Army until 1985, began his career in banking at Merrill Lynch and has lived in the Middle East for over 20 years, and latterly was CEO of HSBC Private Bank UAE and Oman and subsequently the Global Head of the Private Banking Group at Abu Dhabi Islamic Bank.

Adamas Finance also announced a change to the company's AIM market quotation from US Dollars to Pounds Sterling, with the change to take effect from 8:00am on 24 June 2019.

Keywords Studios PLC (LON:KWS), the international technical services provider to the global video games industry, announced that 64,521 new ordinary shares have been issued to the founder of Blindlight LLC in respect of the non-contingent deferred share consideration due on the first anniversary of the company being acquired. It pointed out that, since acquisition the shares to be issued relating to Blindlight have been fully represented in the reported earnings per share numbers through the basic and diluted weighted average denominators used.

Integumen PLC (LON:SKIN) announced that it has received notification from a warrant holder to exercise warrants over 6,766,667 shares in the company, with the consideration for the exercise of amounting, in aggregate, to a cash value of £101,500.

Bluebird Merchant Ventures Limited (LON:BMV), the Korean focused gold development group, today announced that 4,000,000 warrants at 4p expired on 18 June 2019, and a further 2,060,000 warrants expired on 20 June 2019.

Rainbow Rare Earths Limited (LON:RBW) announced that Martin Eales, the company's CEO, will be presenting at an investor evening hosted by Turner Pope Investments (TPI) Ltd, on Wednesday 3 July 2019. It said the event will be held in London, EC2 and will start at 4pm.

Kibo Energy PLC’s (LON:KIBO) 60%-owned subsidiary, MAST Energy Developments Limited, has completed its acquisition of special purpose vehicle (SPV) Bordersley Power Limited.

Baker Steel Resources Trust Ltd (BSRT) is unique in offering UK investors access to early-stage mining companies, which can be higher-risk but have the potential to deliver outsize returns, according to Edison Group.

African Battery Metals Plc (LON:ABM) has agreed by board resolution to change its name to Power Metal Resources Plc. It will begin trading on Monday under the new name.

© tech Capital 2019

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