Dr Richard Bourne, a leading academic in Process Chemistry; Dr John Harris, a pharmaceutical industry consultant with a wealth of research chemistry knowledge and expertise and Dr David Parry, an experienced synthetic chemist, have all agreed to contribute to the development of the DigitalGlassware platform, which allows chemistry experiments to be accurately and systematically recorded, coded and entered into a shared data cloud.
The advisors bring in-depth knowledge in research & medicinal chemistry, process chemistry and industrially focused closed-loop robotics and automation, DeepMatter said.
1.45pm: Calypso time for Touchstone
Shares in Touchstone Exploration Inc (LON:TXP, TSE:TXP) shot up 44% to 19.75p in London after it announced a significant crude oil discovery in Trinidad.
The Cascadura-1ST1 well on the Ortoire exploration block encountered what is described as significant prospective oil pay, totalling 1,037 feet gross.
Highlight results included 80 feet of net oil pay in the regional Lower Cruse sands; a further 180 feet net in the Upper Herrera; 600 feet net in the Middle Herrera and 177 feet net in the Lower Herrera.
12.30pm: Yu Group soars as it arranges new hedging facility
The hedging facility is with SmartestEnergy and will currently provide a variable credit facility up to GBP13mln, leading to a corresponding benefit to the group’s cash position.
The facility is structured so that the credit line grows in line with the business as it scales. This has a material benefit in reducing the working capital requirement of the group, Yu said.
11.30am: Sunrise Resources leases water rights for its CS Pozzolan-Perlite project
The company leased the water rights from General Moly subsidiary Liberty Moly for at least five years.
The leased water rights are currently attached to the Liberty molybdenum mine, no longer producing, some 18 miles west of, and in the same water basin as, Sunrise’s project.
10.30am: Be Heard slides after “guardedly positive” outlook statement
The full year (2019) outlook for the group remains unchanged, with reported underlying earnings (EBITDA) expected to be in line with market expectations, the digital marketing services group assured shareholders.
However, David Morrison, the agency’s non-executive chairman, cautioned that the group’s financial constraints meant that Be Heard would have to be “more innovative, more responsive and more agile” than its competitors in responding to changing client needs.
9.30am: CyanConnode and K3 engineer bright end to dismal year
The company has received a letter of intent (LOI) from its partner Genus Power Infrastructures for a substantial order from a new end customer.
The LOI relates to a 142,000 unit smart metering deployment for one of the largest government-owned utilities in South India. The detailed contractual terms and scope of work for the order are being agreed.
It’s been a tough year for K3C Capital Group PLC (LON:K3C), with the shares tanking after a profit warning in April, but the firm, which specialises in the sale of companies, is ending 2019 on an upswing.
The company said it has achieved a ‘double-digit’ percentage increase in revenue and an increase in underlying earnings (EBITDA) in the six months to the end of November compared to the same period of last year.
During the six months, the group saw a record number of completed transactions (up 30% from the comparative period last financial year) with the growth primarily driven from its volume brands, Knightsbridge and KBS Corporate.
Proactive news headlines
Touchstone Exploration Inc (LON:TXP, TSE:TXP) has announced a significant crude oil discovery on the Ortoire exploration block, onshore Trinidad. The Cascadura-1ST1 well encountered what is described as significant prospective oil pay, totalling 1,037 feet gross.
Shanta Gold Ltd (LON:SHG) has revealed results from its latest round of exploration drilling at the producing New Luika Gold Mine in South Western Tanzania. A total of 66 reverse circulation and diamond core holes were drilled, amounting to over 7,410 metres, at a cost of approximately US$700,000.
Kavango Resources PLC (LON:KAV) has completed the first phase of drilling on the Kalahari Suture Zone project. During this phase three of the 15 targets identified as having potential to host massive sulphide ore bodies were tested.
Scotgold Resources Ltd (LON:SGZ) has extended the construction period at the Cononish gold mine in Scotland by 12 weeks. First gold production is now expected in May 2020.
Oracle Power PLC (LON:OCP) has entered into a joint development agreement with the private office of Sheikh Ahmed Dalmook Juma Al Maktoum and China National Coal Development Company (China Coal) for its thermal power station project at Thar in Pakistan.
Galantas Gold Corporation (LON:GAL) has arranged a GBP1mln convertible debenture with its largest shareholder.
Scancell Holdings PLC (LON:SCLP) has signed a second collaboration and non-exclusive research agreement, with a Chinese biotechnology company to assess monoclonal antibodies (mAbs) targeting tumour-associated glycans (TaGs) that have been enhanced with the AIM-listed company’s AvidiMab technology.
Zoetic International PLC said it has received full payment of the debt owed to it by Diversion Technologies. Diversion paid Zoetic $44,854 and Zoetic has also completed the purchase of 950,000 ordinary shares from Diversion. “The combination of these two transactions fully settles the debt owed by Diversion, including taking account of further expenditure incurred by the company during the current financial year,” the company said.
Anglo African Oil & Gas PLC (LON:AAOG) has announced that James Berwick has resigned from his position as chief executive to become the full-time chief executive of Anglo Tunisian Oil & Gas, where he is a significant shareholder.
Midatech (LON:MTPH, NASDAQ:MTP) has received notification from NASDAQ stating that the company has 180 calendar days to regain compliance of the minimum bid price requirement for continued listing on the market.
Quadrise Fuels International plc (LON:WFI) announced that non-executive director Hemant Thanawala will resign as a director of the company with effect from the end of the month due to other business commitments.