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Immotion Group

Investor Update: Immotion Group rolls out further headsets at London's O2 arena

Headlines from the Proactive UK newsroom.

Greatland Gold PLC (LON:GGP) has reported what are described as ‘excellent’ drill results from the Havieron project, in Western Australia, where work has been focussing on higher-grade zones. The drilling took place within ‘a broad envelope of mineralisation’, the company says and some of the stand out results included grades of up to 7.9 grams per tonne across a 43 metre intersection.

A partnership update out this morning from Immotion Group PLC (LON:IMMO) - Following early success at The 02, the company’s agreed to extend the offering to include five additional headsets, taking the total number of headsets deployed to 17. The new addition will feature a five-person car racing set-up where users will be able to compete 'head to head'. The O2 is the world's most popular music and entertainment venue, receiving over 9 million visitors a year. Immotion has also agreed to extend its relationship with leading Family Entertainment Centre operator, Austin's Park in Texas.

Savannah Resources says the Minister of Mineral Resources and Energy in Mozambique has conditionally awarded Mining Concessions for the Mutamba Project, covering an area of more than 280 square kms. The project comprises one of the most significant undeveloped heavy mineral sands deposits in the world.

Futura Medical PLC (LON:FUM) has agreed a joint venture with cannabis firm CBDerma Technology Limited to develop a skin-based cannabidiol (CBD) formulation.  The joint venture will explore combining CBD with Futura’s DermaSys drug delivery system for the treatment of such symptoms as pain relief.

Quick facts: Immotion Group

Price: £0.07

Market: AIM
Market Cap: £19.27 m
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Immotion Group focusing on high-margin partnerships to hit break-even faster

Immotion Group PLC's (LON:IMMO) Martin Higginson tells Proactive London's Andrew Scott a shift in strategy will see them focus on revenue sharing partnerships to roll-out their virtual reality pods into high footfall locations rather than direct sales. He says the move will help build a...

on 30/7/19

2 min read

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