RNS Number : 0666F
N4 Pharma Plc (AIM: N4P), a specialist pharmaceutical company which reformulates existing drugs and vaccines to improve their performance, is pleased to announce the filing of its Patent Cooperation Treaty (“PCT”) patent application for its sildenafil reformulation and provide an update on the work done by the Company in the year to date as it moves towards clinical trials. In addition, the Company is pleased to announce the filing of two new patents expanding its potential reformulation product pipeline to five.
Petrofac Limited (“Petrofac” or the “Company”) has been notified by the Serious Fraud Office (the “SFO”) that it has commenced an investigation into Petrofac Limited and its subsidiaries.
Ithaca Energy Inc. Delek Takeover – Compulsory Shares Acquisition
12 May 2017
Ithaca Energy Inc. (TSX: IAE; LSE: IAE) (“Ithaca” or the “Company”) announces that Delek Group Ltd. (“Delek”), through its affiliate DKL Investments Limited (the “Offeror”), has notified Ithaca that it intends to carry out a compulsory acquisition of all the remaining issued and outstanding common shares of the Company that are not currently owned by the Offeror following completion of the takeover offer (the “Compulsory Acquisition”) for a cash consideration of C$1.95 per share (the “Offer”) under the Business Corporations Act (Alberta). Under the terms of the Compulsory Acquisition, and subject to the terms of the Business Corporations Act (Alberta), the holders of all the remaining common shares not currently owned by the Offeror will be entitled to receive the same consideration per share as paid under the Offer, being C$1.95 in cash per share.
Positive lithium results from initial sampling
Arian Silver Corporation (“Arian” or the “Company”), the Mexico focused AIM quoted resource exploration and development company, is pleased to report that, further to its announcement dated 11 April 2017 regarding the option agreement to acquire three lithium projects, the test results of its preliminary sampling programme have confirmed the presence of lithium concentrations.
RNS Number : 9377E
Chief Executive Officer of Saffron Energy, Michael Masterman commented: “It’s a very important achievement for Saffron to have moved into revenue producing commercial production at Bezzecca following completion of the commissioning and testing stage.
SpaceandPeople plc (“SpaceandPeople” or the “Group”) Trading Update
SpaceandPeople, (AIM: SAL) the retail, promotional and brand experience specialist, is pleased to announce a trading update for the first four months of 2017.
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold exploration and development company focused on Ireland and Finland, is pleased to announce that following gold assay data pertaining to the original antimony mine workings at Clontibret becoming available, it has been possible to relate the occurrence of four gold bearing lodes, within the 48m of the Tullybuck drift, in the historical underground workings.
W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to announce an increase in the grades and upgrade in resource categorisation of its JORC (2012) resource for La Parrilla, with an upgraded resource report completed by Golder Associates, following a successful programme of infill drilling in 2016.