Amur Minerals (LON:AMC) Corporation (AMC 12.62p / £31.61m)*  

AIM listed exploration and development company focused on Far East Russia announced on Tuesday that it has it has entered into a subscription agreement to raise £2,500,000 by way of a placing of 25,000,000 ordinary at 10p each to Lanstead Capital L.P. an institutional and current investor in Amur. The funds are being raised for general working capital purposes and to undertake and accelerate additional exploration and engineering works at Kun-Manie, the Company’s main nickel copper exploration project. A previous investment by Lanstead worked very well for the Company as it received more than 230 per cent of the expected amount from prior Lanstead placings without issuing any additional shares. Work continues with the Russian agencies to obtain the mining licence on the Kun-Manie project. The shares are up on the day, a rise of 0.375p or 3.06% from the previous night’s close.

Angel Biotech (LON:ABH) (ABH 0.5p / £13.40m)*

Biopharmaceutical contract manufacturer announced that as a key part of its growth strategy, it has secured a fifteen year lease, with an option to break after five years, on a GMP manufacturing facility in Cramlington, near Newcastle upon Tyne. The facility, which the Company knows well, will increase Angel's manufacturing capacity approximately five-fold when re-commissioned. The Board expects the facility to be operational before the end of 2011. Under the terms of the lease agreement, ownership of the plant and equipment will be transferred to Angel and the first two years' leasing costs have been negotiated on advantageous terms. The cost of the re-commissioning to cGMP standards and the MHRA licensing of the facility is fully funded following the Placing of £1.9m in January 2011. The Company recently also announced the appointment of Lorna Peers to the Board of the Company as Finance Director, having spent nine months as Group Financial Controller. She will continue as Company Secretary. The influx of enquiries from US companies has the potential to add further diversity with new clients and new technologies.  The market looks forward to further comment on how Angel  progresses as it adds the extra capacity it needs. The shares moved up on the news.

Bahamas Petroleum (BPC 23.5p / £257.88m)

Following Bahamas’ successful seismic survey the Company has raised £45.6m in a share placing.  The…

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