Proactive news headlines: Synairgen, Alien Metals, Sensyne Health, Vast Resources …

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Synairgen PLC (LON:SNG) has said its inhaled formulation of drugs to treat patients with coronavirus (COVID-19) could be an effective tool for patients who have a combination of respiratory viruses during winter months, according to recent trials in hospitalised patients. Further positive results of the SG016 trial, where 101 patients hospitalised with COVID-19 were given either the inhaled drug, known as SNG001, or a placebo, have been published in The Lancet Respiratory Medicine journal. Patients who were given the company’s inhaled formulation of interferon beta-1a had greater odds of improvement and recovered more rapidly than placebo, and the drug was safely tolerated.

Alien Metals Ltd (LON:UFO) has told investors that a detailed survey has begun for the Donovan 2 copper-gold project in Mexico. Capstone Mining (TSE:CS), which is earning into the project, has commissioned a detailed close-spaced surface Induced Polarisation (IP) geophysical survey across the majority of the tenement. The aim is to add detail to the project’s northern anomaly and to extend historic geophysical work undertaken by Alien.

Sensyne Health PLC (LON:SENS) has announced the appointment of Derek Baird to its senior management team as President for North America. Baird will join the UK clinical artificial intelligence company on December 1, 2020, and will focus on driving the commercial development of the North American operations, building Sensyne’s presence in the US and recruiting a US-based team. He joins the firm from AVIA, a digital transformation partner for health systems and payers, where he served as senior vice president for growth, and has previously held senior roles at healthcare software company Health Language, clinical decision support system products provider Zynx Health and ambulatory electronic health records provider Practice Partner.

Vast Resources PLC (LON:VAST) confirmed it is on the brink of its first sale of concentrate at the Baita Plai polymetallic mine in Romania. In a statement, Vast confirmed that it has copper concentrate prepared and ready for the first commercial delivery to the Port of Constanta in Romania. It is now awaiting confirmation of the vessel arrival ahead of being able to formally announce the completion of the first sale to Mercuria.  Vast now expects the sale to formally complete next week. In an earlier statement on Friday, Vast said Friday it has increased the size of its exploration target at Baita Plai. The company said that the size of the Antonio North area has increased to 1.4mln to 2.8mln tonnes, from 0.2mln to 0.5mln tonnes previously, which takes the estimate for the whole project to 3.2mln to 5.8mln tonnes from 1.8mln to 3mln tonnes. The increase is the result of a review of historical data which has only recently become available.

Bacanora Lithium PLC (LON:BCN) has told investors that its Chinese backer Ganfeng Lithium has exercised its option to increase its stake in the Sonora lithium project in Mexico. Gangfeng is a cornerstone investor in Bacanora and also an offtake partner for the Sonora project. The Chinese firm will subscribe for 73.95mln new shares in the SLL vehicle, an operational holding company for the project, giving the Chinese group 50% ownership. Bacanora remains project operator and Ganfeng will lead engineering, procurement and construction. The AIM-quoted firm said it remains on schedule to kick off initial site works at Sonora in 2021, with production due to start production in 2023.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) Friday announced its third-quarter 2020 financial and operating results, saying the development of its PureGold Mine in Red Lake, Ontario, is continuing at a “rapid pace” and the company remains on track to bring the first ore to the mill before year-end. The company raised about $7.1 million during the quarter from the exercise of share purchase warrants and said it remains fully funded through construction of the PureGold Mine. AngloGold Ashanti exercised 5.9 million of those warrants, increasing its ownership interest in the company to approximately 16%.

Touchstone Exploration Inc (LON:TXP) (TSE:TXP) has said it is prioritising investment on its expectation-beating projects in the Ortoire block onshore Trinidad and Tobago. The comments came as the explorer posted results showing daily production of 1,310 barrels of oil per day (bopd) in the third quarter. The rate compares to 1,396 bopd in the preceding quarter and 1,729 bopd in the comparative three months last year. The group noted that the fall in rates reflects a natural decline of the production assets as the Ortoire block is being advanced towards production.

Chaarat Gold Ltd. (LON:CGH) has said it is maintaining its current production guidance in an update on the current situation in Armenia, where it has an operating mine. The AIM-quoted gold miner, which also has assets at various stages of development in the Kyrgyz Republic, noted that, on November 9,  2020, a peace deal brokered by Russia was agreed between Azerbaijan and Armenia in relation to the Nagorno-Karabakh region.  Russia has deployed resources to keep the peace in the region with an initial period of five years and a potential extension for another five years, it added.

Bezant Resources PLC (LON:BZT) has issued an update on the acquisition of MMJV Pte Ltd, a subsidiary of Mining and Minerals Industries Holding Pte Ltd (MMIH), by Singapore-listed AsiaPhos Ltd through a reverse takeover transaction. The company said AsiaPhos has announced that on November 12 it entered a conditional sale and purchase agreement with MMIH to acquire 100% of MMJV. Under the terms of the deal, AsiaPhos will acquire MMJV by way of a reverse takeover to be satisfied by the issue of AsiaPhos shares for the lower of either 72mln Singaporean dollars (£40.5mln) or 50% of an independently agreed valuation.

Iconic Labs PLC (LON:ICON) has unveiled the results of a fundraising as well as details of a new debt facility that it said will allow it to focus on executing its strategy. The media and technology firm said it has raised £747,793 through a fully subscribed placing of around 6.2bn new shares at a price of 0.012p, a 20% discount to its closing mid-market price on Thursday. Iconic said the placing will allow it to progress towards a “more conventional basis of funding” with the proceeds to be used for general working capital purposes. The firm also said it has entered into a new more conventional debt facility with Shard Merchant Capital (SMC), which is to be secured for an aggregate amount of up to £1mln, with an initial drawdown of £500,000.

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that on November 12, 2020, the company repurchased US$1,315,000 Avation Capital S.A. 6.5% senior notes due 2021 issued under Avation’s global medium-term note programme. The notes were acquired through the market at a price equal to 65% of face value and will be cancelled. The group noted that there are US$342,642,000 Avation Capital S.A. 6.5% senior notes due 2021 outstanding following this transaction.

Enteq Upstream PLC (LON:ETQ) said it received notification on 12 November 2020 that Andrew Law, its commercial director acquired 446,307 ordinary shares of 1p each in the company at a price of 12.35p each on November 12, 2020.  Following this acquisition, the group noted, Law has an interest in 724,326 Enteq ordinary shares, representing approximately 1.1% of the company’s issued ordinary share capital.

Aminex PLC (LON:AEX) has announced the appointment of James Lansdell, as a non-executive director of the company with immediate effect, replacing Harald van Dongen, who steps down as a non-executive director. Lansdell is senior legal counsel at The Zubair Corporation, and prior to joining them he was a senior associate at Dentons, Muscat. He is an experienced oil and gas and construction lawyer with over 10 years’ experience working in London and the Middle East. Under the terms of the Shareholder and Relationship Agreement dated July 8, 2016, Eclipse Investments LLC has the right to appoint two directors to the Aminex board. Charles Santos, chairman of Aminex commented: “We warmly welcome James to the Board of Aminex and look forward to working with him.  On behalf of the Board, we thank Harald for his contribution to the Company and look forward to continuing our working relationship with him through his role with ARA Petroleum.”

ANGLE PLC (LON:AGL) (OTCQX:ANPCY), a world-leading liquid biopsy company, announced that further to its announcements of October 27, 2020, the resolutions put to shareholders at the general meeting of the company held on Friday, were duly passed.

Amur Minerals Corporation (LON:AMC)  has announced that it’s annual general meeting (AGM) will be held at 10,00am GMT on Thursday, December 10, 2020, at the offices of Brunton Publications Limited, 1 London Road, Bishopdown, Salisbury SP1 3HP, UK. In light of the government’s directive limiting gatherings to no more than two persons, it has become necessary to restrict physical participation at the AGM. In order to assist with voting, and in the absence of a Q&A session during the AGM, the company said it will post a presentation and Q&A session on Wednesday, November 25, 2020. Shareholders are invited to submit questions in advance that will be incorporated into the Q&A. Questions are to be submitted to [email protected] (marked for the attention of the ‘Amur Minerals AGM’) by November 19, 2020. The presentation will be accessible to watch from 4.00pm GMT on Wednesday, November 25, 2020, using the following link: https://www.bigmarker.com/share-talk/Amur-Minerals-Corporation-Webinar-Q-A

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