Small caps news round-up

Advanced Oncotherapy was moving closer to success with its proton therapy for cancer treatment, updating the market on Tuesday of progress with its proton accelerator programme, dubbed ‘LIGHT’. The AIM-traded company said its proton source, which was being constructed by Pantechnik in Bayeux, France, had been fully assembled and was ready for initial testing and tuning. It had taken charge of the unit and expected it to be shipped to its facility in Geneva once the tests had been completed in Bayeux.

A failed acquisition in New Zealand led Mosman Oil & Gas deeper into the losses in the first six months of its financial year, with the firm working to assure the market of its continued viability in its interim results on Tuesday. The AIM-traded Australia and New Zealand-focused oil exploration and development company saw losses widen significantly in the six months to 31 December, to AUD 3.68m (£1.94m) from AUD 1.91m a year earlier.

GameAccount Network celebrated another major win in the US casino industry on Tuesday, adding an undisclosed large operator in the US to its client list, expanding its market into another state - also undisclosed. The AIM-traded developer of internet-based gaming software, services and related online content in the US confirmed the new client was an operator of a major established casino property, generating in excess of $500m in annual gross gaming revenues.

There was good news from Galileo Resources on Tuesday, with the firm reporting positive initial results from independent modelling on its Concordia concession in the Northern Cape of South Africa. The AIM-traded mining exploration and development company said the results followed the conclusion of the Cooperation and Joint Venture Agreement on the Concordia concession, and represented the first stage of Galileo’s work programme as announced on 14 January.

Specialist engineering group Hayward Tyler disposed of one of its 11.5 acre Peter Brotherhood property in Peterborough on Tuesday, in a sale-and-leaseback deal with Helical Peterborough (HPL) - a special purpose vehicle owned by Helical Bar. The AIM-traded firm had acquired Peter Brotherhood on 12 October last year.