Vernalis to raise £68.5m 10/02/2012
Drug discoverer Vernalis (VER) is to raise £68.5 million as part of a joint venture with US concern Tris Pharma.
Debt Free Direct has won the award for Growth Company Investor AIM Company of the Year 2006.
AIM-quoted Debt Free, whose shares have risen from 25.5p to 430p in three years, gives free advice to heavily indebted people coping with their problems and made an interim £1.7 million interim profit from independent voluntary arrangement fees. The company was among nine winners in different categories of the annual GCI AIM awards, which were announced yesterday at a ceremony at Grocer's Hall in the City.
Numis won the award for AIM Broker of the Year and KBC Peel Hunt was named AIM Nominated Adviser of the Year. Baker Tilly came top in the accountants' category and DLA won the Lawyer of the Year award.
Close Brothers was named Venture Capital Trust of 2006 and the winner of the Small Cap Fund of the Year award was Merrill Lynch Fund Managers. Analyst of the Year was Philip Dorgan, head of research at broker Panmure Gordon, and Binns & Co was chosen as Financial Public Relations Company of 2006.
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Drug discoverer Vernalis (VER) is to raise £68.5 million as part of a joint venture with US concern Tris Pharma.
Magnolia Petroleum (MAGP) has acquired 800 acres in the Mississippi Lime formation in Oklahoma.
Gold explorer Condor Resources (CNR) has reported encouraging results from drilling at its La India project in Nicaragua.
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
Africa-focused Tower Resources (TRP) has raised £5.4 million via a placing with a mixture of institutional investors and directors.
Beleaguered travel operator Thomas Cook (TCG) has reported a loss of £91 million its first quarter also announcing the sale of its Indian division.