A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
BioVaxys Technology Corp announced that it has partnered with Ohio State University to further develop the company’s haptenized viral antigen platform to create a broadly reactive pan-sarbecovirus vaccine. The Vancouver-based company said this is its second research collaboration in the SARS-CoV-2 field with Ohio State. The university’s Wexner Medical Center serves as a site for multicenter clinical trials. Sarbecoviruses, a subset of the coronaviridae family, include the emerging SARS2 variants Delta and Omicron. Sarbecoviruses are responsible for two pandemics in less than 20 years including SARS-CoV-1 (SARS1) in 2003 and the current coronavirus pandemic. Additional SARS-like viruses are continuously being found in natural reservoirs.
Gevo Inc (NASDAQ:GEVO) said it has entered into a financeable fuel supply agreement with Kolmar Americas Inc for 45 million gallons per year (on a neat basis) of renewable, energy-dense liquid hydrocarbons that are expected to be produced from Gevo’s second net-zero production facility, Net-Zero 2. The company said the agreement with Kolmar demonstrates that it is continuing to diversify its partner base geographically as it grows its presence on the global stage. The fuel supply agreement provides for Gevo to supply Kolmar with renewable hydrocarbons, including sustainable aviation fuel (SAF) and isooctane that is a key component of renewable premium gasoline.
Organic Garage (TSX-V:OG) Ltd said its plant-based subsidiary Future of Cheese Inc has reported a successful launch of its plant-based brie, selling through its first production run. The Toronto-based company said that the plant-based brie was launched through retailers last week, and it builds on the recent success of the company’s plant-based butter. “The retail response is even better than anticipated. Selling out our first production run without incurring lost product costs is as successful as it gets in the CPG business,” stated Jen Wojtaszek, President of Future of Cheese.
PsyBio Therapeutics Corp has announced the successful completion of its initial pre-Investigational New Drug (IND) application meeting with the US Food and Drug Administration (FDA) as part of the regulatory submission process. The company said the focus of the pre-IND meeting was to discuss potential indications, manufacturing strategy, and obtain regulatory guidance as it guides its technology forward towards regulatory approval. The responses received from the FDA to these initial set of questions were constructive and no changes were proposed over its approach, PsyBio said. Based upon this initial discussion, the company said it intends to submit compound-specific pre-IND meeting requests to define manufacturing and clinical trial parameters, it added.
Bhang Inc (CSE:BHNG, OTCQB:BHNGF) has said it is launching a seasonal, fast-acting, THC-infused hot chocolate at the Hall of Flowers (HOF) in Palm Springs, California this week. Made with nanotechnology, Bhang Hot Chocolate provides fast-acting onset, the company said in a statement, adding that the product is mixed with the consumer’s milk of choice —vegan, gluten-free, keto-friendly, and lactose-free options are all possible— allowing for optimal flexibility. Bhang Hot Chocolate is made with all-natural ingredients and sustainably sourced cocoa and comes in a box of five pouches, each with 5mg THC, or one 5mg THC single-serving pouch, added the company. “These new product launches are logical extensions of our brand,” said Jamie L. Pearson, Bhang’s president and CEO in a statement.
American Eagle Gold Corp (TSX-V:AE) has announced that drilling has begun at its flagship Golden Gate property. The 3,000-metre drill program is designed to intercept lower plate rocks and identify deep alteration and mineralization analogous to Barrick Gold’s Goldrush, Fourmile, and Cortez Hills projects next door. American Eagle Gold noted that its VP of Exploration, Mark Bradley, who designed the drill campaign, has a history of success in the area, leading the team that made the Goldrush discovery just 5 kilometers (km) north. “Golden Gate is attached to Barrick’s Cortez Complex, and our geologist in charge of the exploration program has a proven track record of success in the area. We are excited to begin drilling in our pursuit to discover the next Goldrush or Cortez Hills,” said American Eagle CEO Anthony Moreau in a statement.
Plurilock Security Inc said its wholly-owned subsidiary, Aurora Systems Consulting Inc has received a US$285,000 order from the US Federal Bureau of Investigation (FBI) as part of the National Aeronautics and Space Administration’s (NASA) solution for enterprise-wide procurement (SEWP) program, a US government-wide acquisition contract vehicle (GWAC). According to the purchase order, Aurora will provide the FBI, a US national security and law enforcement agency with more than 30,000 agents, analysts, and other employees, with hardware, software licenses, and maintenance support. The agency is tasked with protecting the US from terrorism and other criminal threats. Including the latest order, all contracts and orders announced by Plurilock and its subsidiaries since April 2021 represent a combined total of roughly US$13.34 million in sales, the company added.
Looking Glass Labs announced that it has established its global corporate headquarters in Vancouver, British Columbia, from which its flagship studio—House of Kibaa— among other entities, will be operated. The digital agency specializing in non-fungible tokens (NFT) said that it is focused on rapid growth. As a multidisciplinary platform specializing in NFT collections, metaverse architecture, and Web 3.0 infrastructure, the company said that it has identified the importance of maintaining a corporate headquarters in which employees, clients, vendors, and strategic partners can collaborate in person.
Electra Battery Materials Corporation (TSX-V:ELBM, OTCQX:FTSSF) has announced positive results from engineering studies and metallurgical test work for lithium-ion battery recycling. “Engineering studies confirmed that Electra’s existing refinery complex has the infrastructure, scale and equipment to process a bulk sample of material on a full production scale basis in mid-2022 with an initial investment of under US$3 million,” said the company. Toronto-based Electra is advancing plans to develop North America’s only fully integrated battery materials park and plans to kick off refining “the key components” of electric vehicle (EV) batteries, known as “black mass,” in mid-2022 at its Canadian hydrometallurgical complex.
American Manganese Inc said the Indian Patent Office has issued patent no. 380826 for the company’s first patent invention on lithium-ion battery recycling. The patent covers core process functions in the company’s RecycLiCo process that can reach up to 100% leach extraction of lithium, cobalt, nickel, and manganese from the treatment of lithium-ion battery cathode chemistries used in electric vehicles and portable electronics, the company said, adding that these cathode chemistries include lithium-cobalt oxide (LCO), lithium-nickel-manganese-cobalt oxide (NMC), and lithium-nickel-cobalt-aluminum oxide (NCA). “The newly granted Indian patent is separate from the company’s second battery recycling patent invention recently filed into national phase for Europe, South Korea, Canada, India, Australia, Japan, and China,” noted American Manganese in a statement.
Co-Diagnostics (NASDAQ:CODX) Inc, has announced that CoSara Diagnostics Pvt Ltd, its joint venture for manufacturing and sales in India, has received clearance from the Central Drugs Standard Control Organization (CDSCO) in India to manufacture and sell its SARAPLEX Flu A/Flu B/coronavirus (COVID-19) (ABC) RTPCR test as an in vitro diagnostic (IVD). The Salt Lake City, Utah-based molecular diagnostics company noted that CoSara’s new test, the fourth CoSara assay to receive CDSCO approval this year and 11th overall, is built on the company’s patented CoPrimer technology and designed for the simultaneous detection and differentiation of influenza A, influenza B, and SARS-CoV-2 (ABC).
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF), the prospect generator, has updated on two of its properties and revealed two new hires. In a corporate update, the company revealed that geologist Steve Kenwood has been appointed as a board director with effect from December 6 this year. In addition, John Gilbert was named chief corporate development officer with effect from December 1 this year. Since 2008, he has worked as a geological and geophysical technician and as an exploration and mine geologist on projects in Alaska, Yukon, Nevada, California and New York. Working with the Silver Range CEO, he will be responsible for identifying and realizing opportunities to develop the high-grade gold and silver projects in the company’s portfolio. Elsewhere, the company reported it had sold to Silver47 Exploration Corp a 100% interest in the Michelle property in the Yukon for 5.65 million shares in the capital of Silver47, representing 19.9% of Silver47 at that time.
Pathway Health (TSX-V:PHC) Corp has announced the signing of a collaboration agreement with Metro Ontario Pharmacies Limited, a subsidiary of Metro Inc, involving the implementation of Pathway’s Medical Cannabis Management System (MCMS) in Metro Ontario Pharmacies’ Metro Pharmacy and Food Basics Pharmacy bannered pharmacies across Ontario. The joint initiative has two components: in the first, Pathway will provide its accredited continuing education course ‘Cannabis and Patient Care for Pharmacists’, which trains pharmacists in patient assessments and current prescription reviews for contraindications; while the second involves the implementation of Pathway’s MCMS in Metro Ontario Pharmacies’ pharmacy locations across Ontario. “With the signing of this agreement, Pathway Health (TSX-V:PHC) currently has agreements with more than 2,000 pharmacy locations across Canada where we are assisting pharmacists and pharmacy staff with education and training on medical cannabis, and also by providing access to care for those pharmacy patients that are determined to be good candidates for medical cannabis,” Pathway Health (TSX-V:PHC) CEO Ken Yoon said in a statement.
Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) has revealed that drilling is now underway underneath the visual surface nickel, copper, cobalt and zinc successfully stripped at the Victoria West target at its Surimeau District battery metals project in Quebec. Drilling is taking place at the eastern and the western ends of the 275 meter (m) stripped strike of the 2.2km strike, which Renforth has so far drilled within the known 5km strike at the Victoria West target. “We took the opportunity to immediately follow up on our successful stripping program at Victoria West with a targeted drill program ahead of the holidays in the eastern and the western ends of the stripped area at Victoria West,” said Nicole Brewster, CEO of Renforth in a statement.
Cypress Development Corp (TSX-V:CYP, OTCQB:CYDVF) has reported a successful pilot plant start-up for extraction testing of lithium-bearing claystone from its 100%-owned Clayton Valley Lithium Project in Nevada. The company said the first full test was completed with 72 hours of continuous operation and it expects testing to continue as it awaits final results from assays. “The progress so far has been positive, and we are pleased with the initial results,” Cypress Development president and CEO Bill Willoughby said in a statement.
Canada Silver Cobalt Works Inc said it has entered into an agreement to purchase a 10-acre property fronting Highway 11 near Cobalt, Ontario, that will be used as the central hub for all of its Ontario and Quebec operations for a cash consideration of $604,000. The company noted that the property houses a 4,000 square-foot, fully serviced warehouse that it is currently leasing and using as its main core processing facility. The access to Highway 11 allows for easy transportation of core, samples, and distribution of staff to projects across Ontario and Quebec, it added. “The property is located on the power grid and does not require any generators,” Canada Silver Cobalt said in a statement. “The location is close to Timiskaming Shores and Cobalt, Ontario and provides easy access to supplies and amenities for company staff. The property also contains an extra building.”
GameSquare Esports Inc subsidiary Complexity Gaming announced it has signed a popular Warzone group known as the Baka Bros. The group have joined Complexity as creators and competitors, with the mandate to create content to help expand Complexity’s media offering. The Baka Bros – comprised of DiazBiffle, LuckyChamu and Repullze – will also compete in Warzone tournaments, according to a statement.
LEAF Mobile has told investors that it will proceed with a change of its trade name to East Side Games Group, accompanied by a trading symbol change to EAGR on the TSX. The smartphone games group also announced the appointment of Jason Bailey as executive chair of its board of directors and the filing of a preliminary base shelf prospectus. “We’ve been working on this change for some time, and it represents a change in our trade name; not our purpose, our vision, our structure, or how we operate and it comes at an exciting time in the company’s growth as we ramp our launch slate of new games and further scale our Game Kit partners,” the company’s CEO Darcy Taylor said in a statement. “East Side Games has built an awareness across the mobile game industry over the past ten years as one of the leaders in the casual games space since the founding of the studio in 2011. We see this change as an opportunity to build on this heritage and as a simplification of our brand to maximise shareholder value,” he added.
Melkior Resources Inc said it has provided a termination notice for the earn-in and joint venture agreement it had struck with Barrick Gold Corporation in November 2020 to advance the development of the White Lake project. Now, Melkior said Barrick had advised that it is terminating the $4 million agreement in accordance with the terms of the first anniversary of the deal without satisfying the minimum exploration expenditures.
Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) Corporation has told investors it remains committed to completing the previously announced acquisition of 2747524 Ontario Inc, operating as Cylix Data Group (Cylix), a business intelligence firm, by the end of 2021. As reported in November, Xigem, on October 29, 2021, inked a binding letter of intent (LOI) to acquire the assets of Cylix Data in an all-stock deal valued at around C$32.4 million. “Xigem and Cylix continue to progress towards the completion of closing conditions, including the receipt of regulatory approvals and the execution of definitive agreements,” Xigem said in a brief statement. “The company has been working diligently since the execution of the LOI to ensure the best possible value for all of its stakeholders and involved parties. The company anticipates and remains committed to completing the transaction before the end of this year,” it added.
DGTL Holdings Inc. (TSX-V:DGTL, OTCQB:DGTHF) has announced the closing of the first tranche of its previously announced private placement offering of 1,030 subscription receipts at a price of $1,000 per subscription receipt, for aggregate gross proceeds of $1.03 million. Toronto-based DGTL, which acquires digital media, marketing, and advertising software technologies powered by artificial intelligence, noted that the completion of the first tranche satisfied “a key condition” to closing in the arrangement agreement between it and target company Engagement Labs (TSX-V:EL) Inc. In August, DGTL agreed to merge with data and analytics firm Engagement Labs (TSX-V:EL) (Engagement Labs (TSX-V:EL)) in an all-stock transaction. Concurrently, DGTL said it would conduct a financing of subscription receipts and the merger was conditional on completion of the financing as well as shareholder, regulatory, and court approval.
CLS Holdings USA (CSE:CLSH, OTCQB:CLSH) Inc is bringing on cannabis veteran Dani Baranowski as its new brand manager for its product division, City Trees. Baranowski co-founded the Chamber of Cannabis, a 501(c)(6) nonprofit and coalition of over 200 industry leaders in Nevada to help advance cannabis initiatives both socially and commercially in the state, and is currently vice president and chairwoman for the Community Impact Committee. According to CLS, The Chamber successfully took a major role, along with Assemblyman Steve Yeager, in passing AB 341 – the Cannabis Consumption Lounge Bill.
Lion Copper and Gold Corp (TSX-V:LEO, OTCQB:LCGMF), formerly called Quaterra Resources Inc, said it has hired experienced financial executive Thomas Pressello as a board director. Pressello is the founder of Active Hedge Capital Inc, a finance advisory firm, and he previously worked at one of the largest Canadian banks where he restructured several C$100 million-plus real estate portfolios. He has also been a key investor in the high-tech, biotech and real estate areas, the company noted.
LQwD Fintech Corp has announced the appointment of Alexandra Moxin as VP of Product to the company, effective immediately. The company noted that Moxin has over a decade of experience in product, business development, and digital transformation and has a deep understanding of emerging technologies including Bitcoin, artificial intelligence/machine learning, event-driven systems and how these impact organizations. She has previously worked for Microsoft in product marketing where she grew engagement in Azure, DevOps and OSS developer communities and was Canadian Ambassador for Microsoft’s Azure Tech Communities. Moxin is also the founder of Advance Tech Media, which is home to the Advance Tech Podcast in which she interviews founders, developers, and leaders from around the globe in the emerging tech space. The Advance Tech Podcast has reached 1 million downloads in just over a year and it is now ranked globally in the top 10% of podcasts across all categories. In a statement, Shone Anstey, chairman and CEO of LQwD Fintech commented: “The addition of Alexandra to LQwD’s management team is both timely and exciting. She is well versed in digital transformation and will be an integral part of the Company’s growth strategy in the Lightning Network space.”
New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp has announced the election of two additional directors, Maria Tang and Terry Salman, to its board of directors and the voting results of the annual general meeting of the shareholders held December 3, 2021. The company said Tang has over 20 years of experience in accounting with a focus on the mining industry and has held a number of executive and board leadership positions. Currently, Tang is the president, CFO, and director at HempNova LifeTech Corp and sits on the board of Minco Silver Corporation (TSX:MSV). Salman has over 35 years of experience in exploration and mining finance and is currently CEO of Salman Capital Inc. and Salman Partners Inc.
Binovi Technologies Corp said it has appointed Mohsen Rahimi to the company’s board of directors. Terry Booth, chairman of the company’s board, commented: “With Mohsen Rahimi’s appointment, Binovi will gain access to further business development and capital markets networks, which will be an asset in completing Binovi’s current recapitalization.” Rahimi studied at the University of British Columbia in the highly regarded department of food, nutrition, and health. There he developed extensive knowledge in the field of health and systems management. He further has experience in commercial retail and international import and export holding positions at Kowsar Holdings and Tin95 Holdings, which are both private investment firms. Rahimi also holds vast retail knowledge, growing existing health product chains and implementing state of the art technology platforms to provide superior customer care to maximize sales in multiple locations that generate millions in gross revenue per annum, while simultaneously operating an active on-line eCommerce business. He brings the expertise to grow and expand product distribution within local and international markets for products in the health field through online offerings and software distribution.
Context Therapeutics (NASDAQ:CNTX) Inc said it has completed its previously-announced private placement, raising gross proceeds of about $31.3 million, before deducting offering expenses, by issuing 5 million of its common shares together with 5 million common share purchase warrants. Each share of the offering and accompanying warrant were sold at a combined offering price of $6.25, with the warrants having a five and one-half year term and an exercise price of $6.25 per share.
Nextech AR Solutions Corp said its CEO Evan Gappelberg has purchased an additional 72,656 shares of the technology company in the open market. The average purchase price was around US$1.10 (C$1.40) per share, the company added. Gappelberg now owns over 10 million shares in the Vancouver-based company. The CEO purchased the stock between December 2 and December 6, 2021, the company said.
C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) said its common shares have been approved to trade on the OTCQB Venture Market, under the symbol CUAUF. The company’s shares will continue to trade on the TSX Venture Exchange under the symbol CCCM. The company’s common shares are also now eligible for settlement through the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States. Trading the Company’s shares on the OTCQB Venture Market provides a dealer market for C3 Metals’ common shares in the United States providing easier access for investment for US-based shareholders. The OTCQB listing, when combined with DTC eligibility, is anticipated to provide greater liquidity and a more seamless trading experience for existing US shareholders and potential new investors. An OTCQB Venture Market listing provides exemptions from certain US state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in C3 Metals.
Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) has announced that its shareholders approved all matters considered at the Company’s Annual General Meeting held on December 6, 2021. Brian Paes-Braga, who has served as chairman of Thunderbird’s board of directors since 2019, and Paul Sparkes, who has served on the board since December 20, 2012, did not stand for re-election. Lead director Marni Wieshofer has been appointed as Thunderbird’s interim chair. and will hold the position while the company commences a search for a new chair. The company thanked Paes-Braga and Sparkes for their many contributions as board members. “It has been a tremendous privilege to be Chairman of Thunderbird during the pivotal early days as a public company. I was, and continue to be, inspired by Jenn’s vision for the Company, and her commitment to excellence which can be witnessed at every level of the organization,” said Paes-Braga. “With a solid foundation for growth set in place, and the industry experiencing incredible tail winds, I am stepping away to focus on other projects, both professionally and personally. While I will miss the immensely talented team, I look forward to following Thunderbird on its journey in becoming a major global studio and am excited to continue to support in any way I can.”
Altaley Mining Corporation (TSX-V:ATLY) said that at its Annual General Meeting held on November 30, 2021, a total of 70,296,565 common shares representing 27.61% of the company’s issued and outstanding shares were voted and all matters tabled for consideration, as outlined on the company’s Notice of Annual General Meeting were unanimously approved. This included the re-election of the following incumbent directors: Ralph Shearing, David Rhodes, Ruben Alvidrez Ortega, Natascha Kiernan, Mark Bailey, Roberto Guzman, and Tom Kelly; the reappointment of Grant Thornton as auditors of the company until the close of the next annual general meeting.; and the renewal of the 2020 Stock Option as the company’s 2021 Stock Option Plan.
VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on November 29, 2021, which will see the issue of 2,631,579 flow-through shares at a purchase price 38 cents each with one placee.
Arizona Silver Exploration Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on November 19, 2021, that will see the issue of 4.5 million shares at a purchase price of 21 cents per share, together with 2.25 million share purchase warrants with an exercise price of 30 cents for a five-year period with 15 placees.
Else Nutrition Holdings Inc (OTCQX:BABYF, TSX-V:BABY) has announced that it will be participating in the Lytham Partners Winter 2021 Investor Conference taking place from December 13-16, 2021. During the event, the company will be participating in a webcasted Fireside Chat discussing its vision for 2022 and conducting 1×1 virtual investor meetings. The webcasted Fireside Chat will be available for viewing at 11,00am ET on Monday, December 13, 2021, on the company’s website at https://elsenutrition.com/pages/investor-relations or https://wsw.com/webcast/lytham3/babyf/2166600. The webcast will also be available for replay following the event. To arrange a 1×1 meeting with management, please contact Lytham Partners at 1×[email protected] or register at www.lythampartners.com/winter2021invreg.
Kintara Therapeutics (NASDAQ:KTRA) Inc has announced that its chief executive officer, Robert E. Hoffman, will present a corporate overview at the MedInvest Oncology Investor Conference, which is being held virtually on December 7-10, 2021. Hoffman will deliver his corporate presentation on Thursday, December 9, 2021, at 2.5-pm EST and he will be available for one-on-one meetings throughout the conference. To register for the conference, investors can use the following link: https://www.medinvestconferences.com/register
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Humble & Fume Inc, a leading North American distributor of cannabis and cannabis accessories, has qualified to trade on the OTCQX Best Market and has today upgraded to OTCQX from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. “With over 20 years of North American distribution experience, Humble continues to bridge the gap between cannabis brands, accessory producers, and the growing retail market in North America,” said Joel Toguri, CEO of Humble & Fume. “As we continue to execute on our growth plans, opening up Humble to a wider investor audience by upgrading to OTCQX, will provide for that additional flexibility.”