Nighthawk remains jolly 09/02/2012
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
Bombed-out herpes treatment developer Henderson Morley has signed a collaboration deal with US drug giant Schering Plough.
Birmingham-based Henderson, whose shares are quoted on AIM, says that New York-quoted Schering Plough has agreed a collaborative research and option deal with the US company. Under this deal, the US company will, for at least 15 months, fund development of a vaccine which Henderson Morley hopes will effectively combat Koi herpes virus (KHV), which 'decimates' these prized fish around the world.
The company, whose various treatment projects are based on its ‘Ionic Contra Viral Therapy’ (ICVT), is also working on attacking the herpes which afflicts kittens and breeding cats. Other projects include cancer immunotherapy.
Floated on AIM seven years ago at 4p, shares in Henderson Morley have drastically underperformed the market. Now 0.75, they value the company at a mere £4.3 million
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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.
AIM-quoted Chariot Oil and Gas (CHAR) has completed a 3D seismic survey across its central blocks.
Aminex (AEX) and Solo Oil (SOLO) both reported the Ntorya-1 well had 'not encountered' sandstone intervals after drilling 2500 metres.
Brady (BRY), the supplier of software to the commodities sector, is to raise £18 million to fund two acquisitions.