A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
said Monday it is planning to raise up to C$1.5 million to fund development of its portfolio of psychedelic derivative molecules. The private company is working with Mackie Research Capital Corporation in the offering, which will consist of up to 6 million shares priced at C$0.25 each. MagicMed’s Psybrary is a molecular derivatives library designed to be a key platform for the psychedelics industry to develop new patented products.
Asterion Cannabis Inc outlined the various significant milestones achieved as the private firm continues its bid to build the world’s largest glasshouse medicinal cannabis production facility in Australia. In a lengthy investor update, Asterion, which is currently raising C$10 million via a placing, highlighted that in April last year, it inked a definitive deal to buy 75 acres of land in Toowoomba, adjacent to the Toowoomba Wellcamp Airport in Queensland. The firm aims to construct a 4.3 million sq ft (40 hectares) facility, which will be built in three phases – the first and second phases being 10 hectares each.
Ipsidy Inc () and technology consultant IECISA Perú have signed a strategic partnership agreement to deliver mobile facial biometric identity solutions in the South American country. Ipsidy noted that across the Peru – where almost 60% of the population have access to the internet – digital transformation efforts are expanding rapidly across the financial services, e-commerce, telecom, healthcare and public sector markets. With an increase in remote interactions, however, the risk of cybercrime and identity fraud has grown, and thus accelerated the need for secure digital tools to help enterprises seamlessly verify the identity of customers. To meet that demand, Ipsidy said Monday that IECISA will add its RENIEC-connected IDaaS (Identity as a Service) platform and innovative mobile facial biometric solutions to its product suite. RENIEC is the Peruvian National ID Registry
() has bolstered its board with the addition of financial industry executive Michael Layman as an independent director. In a statement on Monday, the group’s CEO Mark Jensen, said he believed Layman’s drive to build value for companies, along with his well-established network, would be invaluable to help American Resources grow its business. Layman currently serves as general partner and chief executive of Emerald Shoals Targeted Opportunities Fund LP, a hybrid growth fund backed by a network of ultra-high net worth individuals seeking novel opportunities to invest in high-growth catalyst driven companies. Layman also became a recent significant shareholder in the firm, Jensen noted.
Loop Insights Inc () (OCTMKTS:VRZPF) said it has inked a memorandum of understanding (MOU) with fellow tech group ImagineAR () (OTCQB:IPNFF) to form a combined platform aimed at the sports, entertainment and retail industries. ImagineAR offers clients real-time engagement with their consumers using mobile augmented reality (AR), while Loop Insights enhances the AR solution with artificial intelligence to make the customer experience hyper-personalized promotions to generate a higher average spend. The pair will jointly introduce their platform to each other’s global client networks.
() () is poised to bolster its precision cultivation credentials through a new tie-up with Ontario-based CannTx Life Sciences Inc (CannTx), a tech-focused licensed cannabis producer. CannTX is behind the cutting-edge tissue culture technology called Steadystem Solutions, which can produce premium medicinal and recreational products at a greater scale and consistency. The partnership will add new cultivars to WeedMD’s genetics bank and expand their lifecycle, the company told investors in a statement on Monday. Nodal segment cultures will be collected from WeedMD’s mother plants and regenerated using an in-vitro platform to re-produce historical cannabinoid and terpene profiles.
Ltd () (OTCQB:GRSLF) has reported new high-grade drill results from its Plomosas silver project that extend the silver mineralized system by at least 500 metres along strike. One interval reported returned results of 1,112 grams per ton (g/t) silver equivalent ounces (comprised of 1,096 g/t silver, 0.3% lead and 0.2% zinc) over 5.4 metres, including 2,498 g/t silver equivalent (comprised of 2,484 g/t silver, 0.7% lead and 0.3% zinc) over two metres. In addition to extending the mineralized system at the Plomosas Mine Area, the results confirmed the prospectivity of near-surface, multiple veins and hydrothermal breccia systems close to existing underground development.
BevCanna Enterprises Inc () () said Monday it has entered into a non-binding letter of intent to manufacture white-label CBD and THC-infused beverages for British Columbia-based beverage brand State B Beverage Co. Under the proposed agreement, BevCanna said it will leverage its extensive experience developing and launching beverages in the Canadian market to create the new State B beverage concept, which will merge functional beverages and cannabis drinks. BevCanna also will be responsible for regulatory compliance with Health Canada, while State B will handle national sales and marketing efforts to launch the product line in Canada. The white label agreement will run for an initial term of three years with a subsequent three-year renewal option.
NexTech AR Solutions Corp () () announced Monday that the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) has chosen the company’s InfernoAR video conferencing platform to connect its annual virtual event in November. The deal is worth $40,000 to NexTech, with the potential for added revenue from its newly launched ScreenAR software. ScreenAR allows augmented reality experiences to “pop” off the computer or TV screen, creating a one-of-a-kind immersive experience to keep people engaged in virtual classrooms, trade shows and other events. ScreenAR has an initial launch price of $9,999, and upselling the software at events even as small as 100 booths is a potential source of substantial revenue, the company said.
Inc () said Monday that it has started a new drilling program at its Tibbs gold project in Alaska. Drilling is designed to expand the 2019 dovery of the Michigan Zone, where the Vancouver-based company hit 6 grams per ton (g/t) gold over 29 metres. Tectonic also told shareholders that it is launching its first drill program at the Seventymile gold project in eastern Alaska immediately following the Tibbs program. Seventymile covers a 40-kilometre-long underexplored greenstone belt in the US state.
Inc () announced Monday that it has been selected by the US Department of Energy (DOE) as part of a team to participate in a 10-year waste management contract. The department’s office of environmental management has offered the company and nine other teams a nationwide indefinite delivery/indefinite quantity (IDIQ) contract to provide deactivation, decommissioning and removal (DD&R) services, the group said. The teams are eligible to compete for firm fixed price and cost reimbursement task orders with a ceiling of $3 billion over the 10-year period.
(NSYEAMERICAN:SVM) () has unveiled an encouraging drill assay from its DCG mine in the Ying Mining District in China, a project which the miner decided to bring into production in late 2018. Silvercorp’s underground drill program at the DCG mine comprises 8,000m in 22 holes. Three holes have been so far completed and assays have been received for one hole, said the firm Previously, only select intervals with obvious lead-zinc mineralization alteration were sampled for drill holes from the Ying Mining District. But recently, as potential gold mineralization was identified at the nearby LMW, LME and TLP mines, Silvercorp decided to sample the full length of the drill core. As a result, one hole intercepted a 1.02 metre (m) interval from between 259.01m and 260.03m depth grading 1.5 grams per ton (g/t) gold and a 1.90m interval from 406.86m to 408.76m grading 15 g/t of the yellow metal, the company said in a statement. The extension of this gold dovery will now be the focus of the 2020 drilling program, the firm added.
Noble Capital Markets has repeated its ‘market perform’ rating on Energy Fuels Inc () (NYSEAMERICAN:UUUU), noting that the largest producer of uranium in the US is broadening its portfolio to include rare earth minerals. The Noble analysts said Energy Fuels has the “financial flexibility” to pursue its strategy after it recently redeemed half of C$20.86 million in outstanding debentures. The company also expects to be debt-free by year’s end. “While the company’s strategy for processing rare earth elements is early stage, it could offer another avenue of growth complementary to uranium and vanadium,” the analysts concluded.
Chesapeake Financial Shares, Inc. () has said that at their July 17, 2020, meeting, the company’s board of directors approved a dividend of $0.125 per share to be paid to shareholders of record as of September 1, 2020, on or before September 15, 2020.
(), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, has announced that its president and chief executive officer, Nader Pourhassan, PhD., will be interviewed on the DrBeen webcast hosted by Mobeen Syed, MD, MS on Saturday, July 18, 2020, at 6.00pm PT. The interview will be available simultaneously on two channels: YouTube – DrBeen Medical Lectures Link: https://www.youtube.com/c/USMLEOnline; and Facebook: DrBeen Medical Link: https://m.facebook.com/drbeenmedical
Highgold Mining Inc () said the TSX Venture Exchange has accepted for filing an agreement of purchase and sale dated June 19, 2020, between Epica Gold Inc., a wholly-owned subsidiary of Highgold Mining Inc., and W.D. Latimer Co. Ltd., whereby Epica will acquire the Latimer property, located in the district of Cochrane in Ontario. The vendor will retain a 1.5% net smelter return royalty, of which 1% can be repurchased for $1 million cash. The acquisition of the Latimer property is being conducted concurrently with two other property acquisitions under a mineral property acquisition agreement dated June 19, 2020, with Glencore Canada Corp. and a property sale agreement dated June 17, 2020, with . in the area surrounding the company’s existing Munro-Croesus gold property and subject to net smelter return royalties. The company has agreed to issue an aggregate of 200,000 common shares and to make aggregate cash payments in the amount of $475,000 to the vendors of the three properties.
Inc. () (FSE:3AT) said its board of directors has approved the settlement of $98,275 of debt through the issuance of common shares of the company. Under the settlement, MediaCentral will issue 2,456,875 common shares of the company at a deemed price of $0.04 per share to certain creditors. The share issuance is subject to Regulatory and Exchange approvals and will be subject to a standard hold period expiring on the date that is four months and one day from the date of issue.
() said it has granted incentive stock options to its directors and officers to purchase up to an aggregate 2.1 million common shares in the capital of the company. The options have been allocated as follows: Paul Loudon, president and CEO 500,000; Elena Tanzola, CFO and corporate secretary 500,000; Patrick Harford VP Business Development 500,000; James Harris, independent director 300,000; and Megan Lewis, independent director 300,000. The options are exercisable for a period of 5 years, expiring on July 17, 2025, at an exercise price of C$0.40 per share, being a $0.05 (14.3%) premium to the last closing price of Essex common shares on the TSX Venture Exchange (on July 14, 2020), prior to the date of the grant. All options were granted in accordance with the company’s stock option plan.
() said it has closed its financing pursuant to its short form prospectus dated June 26, 2020, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, on June 26, 2020, pursuant to the provisions of the applicable securities acts. The exchange has been advised that the offering closed on June 30, 2020, for aggregate gross proceeds of $28.75 million (including the exercise of the overallotment option).
, Inc. (), a plant-based technology company, will hold a conference call on Thursday, August 6, 2020, at 8.00am Eastern Time to discuss its results for the second quarter ended June 30, 2020. chief executive officer, Jim Blome, its chief financial officer, Bill Koschak, chief science officer Dan Voytas, and chief technology officer Travis Frey, will host the conference call, followed by a question and answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the company’s website. To access the call, please use the following information – Toll Free dial-in number: 1-888-221-3881; Toll/International dial-in number: 1-323-794-2591; Conference ID: 1020952. The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=140895 and via the investor relations section of the company’s website. A replay of the call will be available for one month following the conference: Toll Free Replay Number 1-844-512-2921; International Replay Number: 1-412-317-6671; Replay ID: 1020952.
Information Services Corporation () has said it will release its financial results for the second quarter ended June 30, 2020, on Wednesday, August 5, 2020, after the market close. The company also said it will hold an investor conference call on Thursday, August 6, 2020, at 12.00pm ET to discuss the results. Participants may join the call by dialing toll-free 1-844-419-1765 or 1-216-562-0470 for calls outside North America. It is recommended that participants dial in 5 to 10 minutes prior to the scheduled start time. Simultaneously, an audio webcast of the conference call will also be available at the following link: www.company.isc.ca/investor-relations/events. The audio file with a replay of the webcast will be available about 24 hours after the event on ISC’s website at the same link.
. () (OCTQB:PDPTF), North America’s only carrier-neutral parcel pick-up and drop-off network, said it has granted 685,000 stock options to its directors, officers, consultants, and employees under the company’s stock option plan. A total of 225,000 options were issued to five directors of the company, which are exercisable for a period of five years at a price of $1.14 per share and will vest over a four-year period. A total of 60,000 options were issued to two employees of the company which are exercisable for a period of five years at a price of $1.75 per share and will vest over a four-year period. A total of 325,000 options were issued to a consultant of the company which are exercisable for a period of five years at a price of $1.20 per share and will vest over a four-year period. And a total of 75,000 options were issued to two consultants of the company which are exercisable for a period of five years at a price of $1.75 per share and will vest over a four-year period.
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