A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
MGX Renewables Inc dba () granted 2,787,951 stock options to its directors, officers, employees and consultants on Tuesday, the company said in a release. Each option is exercisable at C$0.32 for a five-year period. The Vancouver-based company is pioneering zinc-air batteries for mass storage systems.
() (NYSE:SVM) announced Tuesday that its Ying and GC mines in China received municipal government approval to resume operations. The Vancouver-based miner said that workers are returning to the mine sites to restart mining. Shares of Silvercorp rose 2% in Toronto and 1.5% in New York on the positive news to trade at C$5.34 and US$4.03 respectively on Tuesday afternoon.
Duos Technologies Group Inc (NASDAQ:DUOT), an intelligent analytical technology provider, closed its earlier announced underwritten public offering of 1,355 million shares at a price of $6 per share for gross proceeds of $8,100,000, before deducting underwriting discounts, commissions and other expenses. The company began trading on the Nasdaq under the ticker symbol DUOT on February 13. It plans to use the proceeds for research and development and marketing. Duos has granted the underwriters a 45-day option to purchase an additional 200,000 shares. ThinkEquity, a division of Fordham Financial Management, acted as sole book-running manager.
Inc () has caught the eye of analysts at Maxim Group as it moves ahead with its coronavirus diagnostic test. Maxim tagged the company with a Buy rating and increased its price target to $5 from $2, citing the speed at which developed a detection test for the virus and its subsequent first sales in China. “[The speed of development] highlights not just the platform's versatility, but also 's ability to produce tests in a time efficient manner as future threats emerge,” Maxim wrote.
OTC Markets Group Inc () has made corporate structure data for US bank holding companies available on its website in an effort to create additional transparency for investors. The data includes corporate structure information for the more than 550 US banks trading on the OTCQX, OTCQB and Pink markets, as well as banks listed on the NYSE and Nasdaq. Many banks are organized as bank holding companies, which can be comprised of multiple specialized entities in addition to an operating bank. The new corporate data gives investors a window into those other entities and includes a visual representation of corporate structure levels, entity names, locations and ownership percentages.
Blackrock Gold Corp () (OTCMKTS:BKRRF) said the TSX Venture Exchange had accepted documentation relating to a private placement announced in January.
The company issued 6,197,065 shares at C$0.20 and 3,098,532 warrants exercisable at C$0.30 for a two-year period following the closing date for total proceeds of nearly C$1.2 million.
Net proceeds will be used to fund the initial 2020 drilling program and exploration work at Silver Cloud and for general working capital, the company said.
Shares of Blackrock closed 2.7% higher at C$0.19 in Toronto and at US$0.14 over the counter on Tuesday.
() said Tuesday that effective February 25, 2020, the share purchase warrants of the company will trade for cash. The warrants will expire on February 27, 2020 in accordance with trading rule C.2.18, the company said, and will be delisted at the close of business next Thursday. Shares of the cannabis technology closed at C$0.50 in Toronto on Tuesday afternoon.
Exactus, Inc (), a hemp farmer and manufacturer of hemp-derived phytocannabinoid products, has announced the appointment of Derek Du Chesne as its chief growth officer. Prior to joining Exactus, Du Chesne - an expert in the hemp industry with a large network of connections - was responsible for securing over $40 million in funding for his previous company.
Metalla Royalty & Streaming Ltd () (NYSEAMERICAN:MTA) is bolstering its portfolio of royalties with the acquisition of a new stream on a major Chilean mining operation. The company said Tuesday that it acquired a 2% royalty on future gold production from a portion of the La Fortuna deposit and prospective exploration grounds on the NuevaUnion project, which is jointly operated by Newmont Corporation and Teck Resources Limited. NuevaUnion is one of the largest undeveloped copper-gold-molybdenum projects in the world.
(NYSEAMERICAN:MMX) () is celebrating after the royalty and streaming company’s fourth consecutive quarter of seeing a record total number of gold ounces produced. The company saw nearly 7,000 gold equivalent ounces produced during the fourth quarter of 2019 and a record of around 24,000 attributable gold equivalent ounces over the full year 2019 period. The 2019 figures were on the upper end of the miner’s guidance and represents an increase of 15% compared to 2018.
AgraFlora Organics International Inc () (OCTMKTS:AGFAF) said that its wholly-owned subsidiary, Farmako GmbH has secured a special authorization from the German Federal Institute for Drugs and Medical Devices for the distribution of medical cannabis flowers that have undergone an ionizing radiation treatment (AMRadV license). It can now import medical cannabis that is EU-GMP certified and sterilized by irradiation. “By securing the AMRadV license, Farmako can now solve one of the biggest bottlenecks affecting growth: access to EU-GMP certified medical cannabis flowers,” said Farmako CEO Katrin Eckmans. “We are now one of only a small group of companies that may import and distributed sterilized cannabis flowers in Germany. This is a significant advantage for Farmako versus its peers that do not hold the AMRadV license due to sterilized EU-GMP cannabis flower being more available for import than EU-GMP cannabis flower that has not been sterilized.”
Limited (NYSEAMERICAN:VNRX) is unveiling a new epigenetic toolbox thanks to new research on its Nu.Q Capture program. The Austin, Texas-based company said Tuesday that research on its Nu.Q program led to the development of a suite of novel epigenetic tools for cancer diagnostics. The research builds upon breakthroughs on Volition’s assay platform that it announced last month.
Arizona Silver Exploration Inc () (OTCMKTS:AZASF) said Tuesday that it had intersected visible gold in five of nine drill holes on its Philadelphia project in northwestern Arizona. The positive results come as the Vancouver-based explorer wraps up a nine-hole program designed to test the along strike and down dip extensions of the high-grade gold and silver vein target. High grade gold was first identified on the vein in October 2019.
Corp () (OTCMKTS:PEMTF) and BevCanna Enterprises Inc () (OTCMKTS:BVNNF) have officially formalized their joint venture to sell hemp-derived cannabidiol (CBD) in the European market. The joint venture, signed on Friday, has the exclusive right to sell BevCanna house brands in Europe for five years. The companies plan to lead off with LEV, a line of sparkling fruit forward lightly sparkling CBD-infused spring water beverages and water-soluble powders.
BevCanna Enterprises Inc () (OTCMKTS:BVNNF), a manufacturer of cannabis-infused beverages, revealed Thursday, that it is significantly expanding its manufacturing facility, in anticipation of receiving its standard processing license and initiating full-scale commercialization this year. The Vancouver-headquartered company pointed out that after a second amended agreement on February 14, its current 5,235-square foot cannabis production premise has doubled to 10,378 square feet.
Inc () announced Tuesday that the US Food and Drug Administration (FDA) has approved Twirla, a new non-daily prescription contraceptive. The low-dose prescription contraceptive is delivered through the skin through the company’s proprietary patch technology called Skinfusion and its active ingredients are ethinyl estradiol, a synthetic estrogen, and levonorgestrel, a type of progestin.
() (OTCMKTS:NRGOF) said the recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the company's Pamlico Project in the Walker Lane Trend of western Nevada has successfully generated several targets worthy of drill testing. In a statement, the company pointed out that, given the trend and extent of the IP anomalies, it has acquired 105 additional claims, by staking, contiguous with the eastern and northern property boundaries, adding 878 hectares to the property.
Inc. () (OTCMKTS:BRGGF) said its ORYX Gaming subsidiary has hailed its successful partnership with Pragmatic Play, which has rapidly seen the supplier’s content become among the best performing on the ORYX Hub. Pragmatic Play’s multi-product offering was added to ORYX’s games platform, ORYX Hub, at the end of 2019 and is now in the top 10 of suppliers on the platform.
XPhyto Therapeutics Corp () is beginning to look at cannabis-infused beverages via an exclusive strategic partnership with a leading German research centre. The cannabis company said Tuesday that its German subsidiary Bunker Pflanzenextrakte GmbH has started work on research and development of cannabis-focused beverages with the chair of the brewing and beverage technology at the Technical University of Munich, School of Life Sciences Weihenstephan.
. (), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide has unveiled a first national railway customer for its mobile corporate campus solution. The group said the new national transportation customer intends to leverage its Multiscreen-as-a-Service (MaaS) platform to manage its room bookings, enable positioning, wayfinding and navigation throughout its facilities and extend its other building services via mobile integration and activation.
(NASDAQ:NWGI) has announced the formation of Newgioco Columbia SAS in Bogota, Columbia to service its expanding operations in Central and South America. The global sports betting and interactive gaming technology company, which provides fully integrated, omni-channel sports betting software solutions, said the Bogota opening coincides with the signing of several new distribution agreements in South America, establishing new partnerships with the goal of positioning the company for new regulatory guidelines in the region and new gaming laws such as those being developing in Brazil.
Pure Gold Mining Inc. () (LON:PUR) has appointed Maryse Bélanger, who has over 30 years of experience with senior gold companies globally, to its board of directors with effect from February 14. The dual Toronto and London-listed explorer noted that, most recently, Bélanger was president and COO of Corp, where she successfully guided the company in taking its Touquoy Mine in Nova Scotia from construction to commissioning, ramp-up and full production, through its eventual acquisition by St. Barbara Limited for $722 million.
Inc. ()(OTCMKTS:EXROF) has announced that, further to its news release dated February 6, 2020, it has completed the first tranche of its non-brokered private placement financing and raised $3,510,727 through the issuance of 10,030,648 common shares at a price of $0.35 each. The net proceeds raised from the offering will be used by the company to fund development of its current and new technology programs, the buildout of its new Calgary Innovation Centre, working capital and general corporate purposes.
Codebase Ventures Inc. ()(OTCMKTS:BKLLF), an investment company, said it has extended the expiry date of an aggregate of 40,999,500 previously issued warrants for an additional 2 years. The group noted that the warrants were originally issued on February 26, 2018, with an original expiry date of February 26, 2020, and entitle the holder to purchase a common share of the company at an exercise price of $0.15, which remains unchanged.
. () said it will host a conference call on March 17, 2020 at 4:30pm EDT (2:30pm MDT) to report its financial results for the fourth quarter ended December 31, 2019 and provide an update on recent corporate highlights. The group said a replay of the call and webcast will be available two hours after the conference call ends and the archived webcast will be available in the Investor Relations section of Gevo's website. www.gevo.com.
NexTech AR Solutions Corp. (OTCMKTS:NEXCF) () announced that its CEO, Evan Gappelberg, will present live at VirtualInvestorConferences.com on February 20 at 10:30am. The group said this will be a live, interactive online event where investors are invited to ask the company questions in real-time. However, if attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.