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Proactive news headlines: Greatland Gold, World High Life, Live Company, Emmerson …

Greatland Gold PLC (LON:GGP) shares were higher on Wednesday as the firm began drilling at the Scall..

Greatland Gold PLC (LON:GGP) shares were higher on Wednesday as the firm began drilling at the Scallywag prospect located at the Paterson project in Western Australia The AIM-listed firm said the drilling campaign will initially focus on high-priority targets within the prospect including Kraken, Blackbeard and London. Once the initial phase of drilling is completed, Greatland said it expects to drill additional high-priority targets on its Paterson Range East and Black Hills licences including Goliath, Los Diablos and Parlay. Greatland Gold PLC also received a 38% upgrade in its share price target to 17.8p.from Hannam & Partners. The London-based broker says that (in Havieron) Greatland has exposure to a tier-1 gold asset 'unique' in Australia. Hannam revised its mineral resource estimate for Havieron to 4.2mln oz gold at 6.4g/t with 120,000 tonnes of copper following the recent definition of three levels and drilling.

World High Life PLC (AQSE:LIFE) (OTCQB:WRHLF) told investors it has seen sales growth of 57% in the month of July, compared to June. The owner of London-based CBD brand, Love Hemp, said sales improved in all channels – online, retail, and wholesale – and it highlighted that online sales specifically are significantly higher than pre-coronavirus (COVID-19) pandemic levels. The online channel represented up some 62% of sales in July, versus around 40% in January.

Live Company Group PLC (LON:LVCG) has signed a new contract with its partner Brick Live Lab Limited in Korea for an Animal Paradise Mini event. The owner of the BRICKLIVE event brand said the deal has been completed on a joint venture basis as part of a longer-term initiative, with models included in the contract to stay in Korea to build up the business further going forward.

Emmerson PLC (LON:EML), the Moroccan focused potash development company, announced that it has appointed Shore Capital to act as corporate broker to the company with immediate effect. Graham Clarke, CEO of Emmerson, commented: "We are delighted with the appointment of Shore Capital during this pivotal time in the Company's development. The experience and track record of Shore Capital will assist us in taking the project forward and ultimately realise its exceptional potential. We look forward to working with the team from Shore Capital to deliver the best value for all stakeholders."

Verona Pharma PLC (LON:VRP) said it has initiated the second part of a phase II trial designed to assess the potential of its lead drug ensifentrine used in a pressurised metered-dose inhaler (pMDI). Results from the multi-dose assessment are expected in the first half of 2021. Thirty people with moderate to severe chronic obstructive pulmonary disease who took part in the first part of the trial will participate in this second stage.

IronRidge Resources Limited (LON:IRR) has highlighted more high-grade intersections in additional results received from a second phase drilling programme at its Zaranou gold project in Côte d'Ivoire. The AIM-listed firm said it has received “additional high-grade and broad low-grade” results from drilling at the Ehuasso main target, while composite results received for reverse circulation (RC) drilling at the target confirmed continuity of mineralisation within the spaced drill grid. IronRidge said the second phase drilling programme has now been completed, while assays are currently pending for the remaining RC drill holes at the Ehuasso target as well as reconnaissance air core drilling at the Ebilassokro target.

Adamas Finance Asia Limited (LON:ADAM), the London quoted pan-Asian diversified investment vehicle focused on providing shareholders with attractive uncorrelated, risk-adjusted long-term returns, has announced the appointment of John Batchelor as a non-executive director of the company with effect from August 14, 2020. Batchelor is Co-Lead of Asia and Head of the Corporate Finance & Restructuring segment in Asia at FTI Consulting and is based in Hong Kong. He has more than 18 years of experience in restructuring, corporate recovery and transaction advisory. ADAM's chairman, John Croft, commented: "On behalf of the Board, we are delighted to welcome John Batchelor. John is representing ADAM's largest shareholder on the board which shows a greater engagement with our shareholders. He has extensive experience across the APAC region working with premier financial services companies."

Oriole Resources PLC (LON:ORR) told investors that its Turkish subsidiary, Stratex Madencilik has continued to trade profitably during 2020. Cashflow in the year to date amount to around £162,000, generated from Turkish consultancy work, and the company highlighted that it exceeds the businesss G&A expenses for the period. "We are extremely pleased to see our Turkish entity continuing to be financially self-sufficient, enabling the repayment of significant inherited employment liabilities whilst still generating net cash inflows,” Tim Livesey, chief executive said in a statement.

OKYO Pharma Limited (LON:OKYO) said Dr Napoleone Ferrara, an award-winning scientist who helped invent two blockbuster drugs, has joined its scientific advisory board. Ferrara, currently a professor at the University of California San Diego Medical Center, made pivotal contributions to the discovery of cancer drug Avastin and Lucentis, for an eye condition called macular degeneration. Last year the two products netted sales of more than US$9bn worldwide.

Red Rock Australasia, a joint venture between Power Metal Resources PLC (LON:POW) and Red Rock Resources PLC (LON:RRR) has received historical reports and targeting assessments of its 11 licence applications in Australia. These are now being used to inform the preparation of the NI 43-101 report and develop exploration programmes. In particular, the joint venture has made progress on the Blue Whale project and the Blue Chip project.

Shanta Gold Limited (LON:SHG) has completed its acquisition of the Acacia Exploration (AEKL) Kenyan gold assets from Barrick Gold. It follows the receipt of regulatory approvals in Kenya, which now satisfied all remaining closing conditions of the transaction. The primary asset is the West Kenya project, which has a resource currently pegged at just under 1.2mln ounces. With a grade of 12.6 grams per tonne, the project has been described as the highest grade million ounce-plus project under development anywhere in Africa.

Europa Metals Ltd (LON:EUZ) has raised £2mln via a share placing to fund the completion of key components of a pre-feasibility study for the Toral lead-zinc-silver project. Toral, located in the Castilla y León region of northern Spain, is the companys flagship asset and represents an opportunity to deliver a robust European mining operation. The share placing sees some 15.68mln new shares issued at a price of 12.75p each, with 15.52mln of the shares being sold to existing and new investors by broker Turner Pope Investments and 156,862 shares taken up by the companys directors. Europa Metals also announced that an investor presentation on the company and its wholly-owned Toral lead, zinc and silver project is available to view at the following link:

Alpha Growth PLC (LON: ALGW), the US-focused life policy investor, is raising £500,000 to fund the development of its strategy. Shares equivalent to 17.4% of the capital prior to the issue were placed at 1.4p, a 17.6% discount to last nights close. Pello Capital handled the placing and has been appointed as Alpha Growths broker.

Gfinity PLC (LON:GFIN), a leading esports and gaming solutions provider, announced that it has received a warrant exercise notice in respect of 8,000,000 new ordinary shares of 0.1 pence each in the capital of the company with an exercise price of 1p each, providing the company with proceeds of £80,000.

Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company announced that it has received a notice to exercise warrants over 1,600,000 new ordinary shares in the company. The warrant shares are being issued at 1.0p per share and subscription monies of £16,000 have been received by Power Metal in respect of the exercise.

Condor Gold PLC (LON:CNR) (TSX:COG) announced that following the receipt of notices for the exercise of warrants, it is issuing 20,548 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 40p each and the company has received gross proceeds of £8,219.20.

Premier African Minerals Limited LON:PREM) has announced that investors D-Beta One EQ, Ltd, YA II PN, Ltd and Riverfort Global Opportunities PCC Limited elected on August 17, 2020, to convert a further US$50,000 of their investment plus accrued interest of US$312.33, amounting to US$50,312.33 (£38,388.31) in aggregate, in accordance with the terms of the Investment Agreement as announced on May 7, 2020, into new ordinary shares in the company. The group has therefore issued 62,450,479 new ordinary shares to the Investors at an issue price of 0.0614p each, the issue price being 9% of the lowest daily volume-weighted average price during the five days trading days immediately prior to the repayment.

Advanced Oncotherapy PLC (LON:AVO), the developer of next-generation proton therapy systems for cancer treatment, has announced that Dr Michael Sinclair, its executive chairman, has purchased a total of 145,000 ordinary shares of 25p each in the company at an average price of 32.18p each. Following these purchases, Dr Sinclair has a total beneficial interest in 8,280,604 ordinary shares, equivalent to 2.70% of the coRead More – Source




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