Small caps news round-up

Gene-editing technology company Horizon Discovery Group saw revenues grow sizably in the 2015 calendar year, it reported on Tuesday, though losses also widened. The AIM-traded firm reported a 69% increase in total group revenue to £20.2m, with product revenues growing 124% to £7.8m and services revenues up 69% at £12.2m.

Ireland-focused offshore oil and gas company Lansdowne Oil & Gas allowed two of its licences in the Celtic Sea on Tuesday, having failed to progress them beyond the paper stage. The AIM-traded company had hoped to farm-out SEL 5/07, containing the Rosscarbery and SE Rosscarbery gas prospects, and SEL 5/08, containing the Amergin prospect.

Developer and manufacturer of medical grade collagen for use in regenerative medicine,Collagen Solutions, announced a new joint venture with Cre8ive on Tuesday in a bid to expand its market in mainland China. The AIM-traded firm said, in order to maximise the potential of its business and open up the market in China, it has entered into the agreement to form a venture with offices and staff in Beijing.

Russia-focused platinum group metals and gold exploration and development firm Eurasia Mining reported positive progress at its Semenovsky Tailings Project on Tuesday, where it operates in partnership with fellow London listed Metal Tiger.

AIM-listed model train maker Hornby has appointed current group finance director Steve Cooke as its new chief executive with immediate effect. The company said on Tuesday that it was looking to appoint an interim finance director in the near term.

Specialty pharmaceutical company Vernalis announced a £40m placing on Tuesday, through the issue of 80 million new ordinary shares at a price of 50p apiece. The AIM-traded firm said the placing shares have been conditionally placed by the joint bookrunners with institutional investors and certain directors.