Small cap round-up

Early cancer detection technology company Oncimmune Holdings announced on Friday that it has obtained the CE mark for the reagents used in its EarlyCDT-Lung product - an autoantibody blood test that can detect cancer up to four years earlier than other methods.

The AIM-traded firm said the CE mark certified that the reagents used in EarlyCDT-Lung meet the EU standards of manufacturing and quality control dictated by the In Vitro Diagnostics Medical Devices Directive.

PowerHouse raised fresh funds via a direct subscription of shares to hire new staff and bolster its financial flexibility in the wake of the referendum vote.

The waste to energy systems provider generated £250,000 via the issue of 38,461,538 new ordinary shares which were expected to begin trading on AIM on or around 21 July.

Gold producer, developer and explorer Shanta Gold said it was “very optimistic” about its mining project in Tanzania.

The AIM-listed company said its New Luika Gold Mine produced stable output and cash flow which allowed it advance the Singida project, where significant progress on the relocation programme was made in recent months.

Natural resource development and investment company Regency Mines posted an update on its Mambare Nickel Project in Papua New Guinea on Friday.

The AIM-traded firm holds a 50% direct interest in the nickel-cobalt laterite project, which was operated as a joint venture with Direct Nickel (DNi).

DNi had been unable to meet approved expenditure calls, and Regency had issued default notices followed by a buyout nice, and had begun discussions with DNi to take over its share of the project.

Mosman Oil and Gas invested in two Canadian listed mining companies and made strategic exploration work on existing permits.

In a trading update the company said for its first venture it invested C$400,000 in GEM International Resource in May which consisted of 8m shares at 5 Canadian cents and 8m two year C$0.15 non-transferable options.

Mosman said it is in a “sound” financial position with cash and market value of investments of about AU$4.75m. The cash is held in three currencies (GBP, AUD, NZD) and took into account recent unrealised FOREX losses of over AU$250,000 due to the recent volatility of sterling.

European non-life insurance company Gable Holdings announced its results for the 2015 calendar year on Friday, with a significant loss arising from a number of one-off charges.

The AIM-traded firm had £100m of business written during the year, and reported gross written premiums of over £91.1m, representing a 14% increase over the prior year.

Opera Investments turned a small profit for the six months of the year as it recovered the due diligence expenses linked to its failed attempt to acquire SoloPower Systems from Hudson Clear Energy.

The company recovered £219,015, resulting in £67,051 of profits before tax even after administrative costs rose to £151,964 for the six months to 30 June from £26,823 over the period running between 11 November 2014 to 30 June 2015.

Faroe Petroleum said it had completed its £62m raising to buy five Norwegian oil and gas fields.

The independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norway and the UK, said 88.5m shares were placed at 70 each. The placing shares will represent around 24.7% of Faroe's issued ordinary share capital.