Small Caps
Faron recruits first patient for new Traumakine trial
Clinical stage biopharmaceutical company Faron Pharmaceuticals announced the enrolment of the first patient in the Phase II INFORAAA clinical trial of Traumakine for the treatment of multi-organ failure and mortality prevention of surgically operated ruptured abdominal aorta aneurysm patients on Monday.
FinnAust Mining to change name to Bluejay Mining after it buys remaining 40% stake
Explorer FinnAust Mining is to change its name to Bluejay Mining after its buys the remaining stake in the titanium miner that it does not already own.
Small cap news round-up
Responding to rumours on social media, US and Egypt-focused oil minnow Nostra Terra confirmed that it would not be raising new funds in the immediate future, though it had contemplated a fundraising.
Nostra Terra shelves placing plans
Responding to rumours on social media, USA- and Egypt-focused oil minnow Nostra Terra confirmed that it would not be raising new funds in the immediate future, though it had contemplated a fundraising.
Fishing Republic expects a 40% rise in revenue
Shares in Fishing Republic climbed on Monday as it said that 2016 results are anticipated to be inline with expectations with a rise in revenue as the fishing tackle retailer moves away from sales from third party platforms to its own website.
Edenville Energy raises £2m to develop Tanzania coal project
Edenville Energy, which is developing a coal-to-power project in Tanzania, has raised £2m to advance its progress to full coal mining operations.
StratMin appoints lawyer Sam Quinn as executive director
AIM-listed miner StratMin Global Resources has appointed corporate lawyer Sam Quinn as an executive director with immediate effect.
Atlantis tidal steam turbine deployed in 'record time'
Tidal power developer Atlantis announced on Monday that the first AR1500 tidal stream turbine has been deployed and energised at the MeyGen project site in the Pentland Firth, Scotland.
Sareum reports its first profit as drug development continues
Specialist cancer drug discovery and development business Sareum Holdings announced its half-yearly results for the six months to 31 December on Monday, a period in which it made good progress with its cancer and autoimmune disease research programmes.
President Energy says start of Puesto Guardian Concession operations
Shares in President Energy are up almost 6% after it said the work-over rig has been mobilised to the first well location at the Puesto Guardian Concession, and that operations have already begun.
Sound Energy buys up more OGIF assets in £250m deal
Africa and Europe-focussed upstream gas company Sound Energy announced on Monday that, further to its announcement on 19 January that it has entered into binding agreements with Oil & Gas Investment Fund for the conditional acquisition of a further 20% interest in the company's Tendrara exploration permits, rights to apply for a 75% operated interest in an exploration permit for the Meridja area and an application for a 75% position in certain relinquished areas of the Tendrara exploration permit areas.
Tlou Energy narrows H1 loss, sees 'transformational' year
Shares in Tlou Energy have soared more than 15% after it turned in a narrower first-half loss ahead of what it is billing as a transformational 2017 for the company.
Feedback' shares slump despite reduced H1 loss
Shares in Feedback have slumped more than 11% after the medical imaging specialist posted a reduced first-half pre-tax loss of £0. 13m, from a prior loss of £0. 16m.
Hayward Tyler warns on full-year revenue, sees break-even EBITDA
Shares in Hayward Tyler were down more than 5% after it warned of lower full-year revenue and break-even trading EBITDA in a set of results that it said would be second-half weighted.
Premier African shares powered by positive lithium drill test results
Shares in AIM-listed Premier African Minerals soared 10% on Monday as the company reported positive lithium assay assay results from shallow drilling at its Zulu Lithium and Tantalum Project .
Red Emperor improves first-half pre-tax loss
Red Emperor has posted a first-half pre-tax loss of $274,948, which is a substantial improvement on the impairment-laden loss of $8. 5m a year previously.
Gemfields's H1 results affected by India's demonetisation programme
Shares in Gemfields are down almost 7% after it reversed to a $16. 5m first-half pre-tax loss, from a profit of $21. 8m, after its results were impacted by India's demonetisation programme.
Beowulf Mining says no news on Kallak North
Beowulf Mining noted the recent rise in its share price and comments over the weekend by the chief mining inspector in Finland, who said she hoped there would be clarity this week over which direction the process for the award of the exploitation concession for Kallak North was heading.
Condor Gold planning £5.24m fundraising to develop Nicaragua mine
Condor Gold plans to raise £5. 24m in share placing and director's subscription to further develop its mine in Nicaragua.
Proactis Holdings anticipates a 36% rise in H1 revenue
AIM-listed procurement solution provider Proactis Holdings anticipates that results for the first half of the year will be in line with expectations with a rise in revenue.