Ocean Power Technologies Inc (NYSE-A:OPTT) has reported a 23% increase in revenues to $0.3 million in the second quarter driven by sales of WAM-V’s and an increase in Strategic Consulting Services.
Losses at the low-carbon marine data, power, and consulting service solutions company fell to $4.8 million in the quarter compared to $5.2 million for the same quarter last year.
ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) has said it is poised to drill up to 5,000 metres (m) at its Shatford Lake project in the Winnipeg River pegmatite region of Manitoba, after receiving a work permit from the government of the Canadian province.
The explorer said crews have been mobilized and priority drill targets from multiple sites have been identified and include numerous pegmatites, some of which were undocumented prior to the firm's extensive summer program, which included remote sensing, structural geology, mapping, and geochemical sampling.
ImagineAR Inc. (CSE:IP, OTCQB:IPNFF) has said college football fans around the world can elevate their national championships weekend experience with the CFBPlayoff mobile app, a new mobile augmented reality (AR) innovation by Imagine AR and SIDEARM Sports on behalf of the College Football Playoff (CFP).
The company said college football fans can share in the 2023 CFP National Championship by taking photos and videos with the virtual CFP National Championship Trophy that can be exclusively shared during the national championship weekend via the app.
Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) has said it plans to pursue a direct spinout of its Toggle3D design studio SaaS Software platform through a wholly-owned subsidiary of the company.
The transaction is currently anticipated to proceed by way of a plan of arrangement under which the Toggle3D and associated assets will be spun out into a new Subco, but will be subject to final tax and legal structuring considerations.
Regency Silver Corp. (TSX-V:RSMX, OTCQB:RSMXF) said it has arranged, subject to regulatory approval, a private placement of 10 million common shares at a price of $0.20 per share for net proceeds of C$2 million.
The company said closing of the non-brokered private placement is anticipated to take place on or before December 16, 2022. There are no commissions or finders fees payable, it added.
Hawkmoon Resources Corp (CSE:HM, OTCQB:HWKRF) said its board of directors has approved a consolidation of the company's issued and outstanding shares on the basis of 10 pre-consolidation common shares for one post-consolidation common share. The company currently has 75,668,838 common shares outstanding and will have approximately 7,566,883 common shares outstanding after completion of the consolidation, subject to rounding and the elimination of any fractional shares resulting from the consolidation. The number and exercise price of outstanding stock options and warrants of the company will similarly be adjusted by the consolidation ratio. The consolidation is subject to the acceptance of the Canadian Securities Exchange (CSE). The company will also be seeking CSE acceptance to maintain its existing name and trading symbol in conjunction with the consolidation.
Cypher Metaverse Inc (CSE:CODE, OTCQB:BKLLF), formerly Codebase Ventures Inc, has announced that it intends to proceed with a consolidation of its common shares on the basis of 10 pre-consolidation shares for 1 post-consolidation share. The company's board of Directors approved the consolidation on December 8, 2022. The consolidation is being proposed in order to provide the company with increased flexibility to seek additional financing opportunities and is subject to the approval of the Canadian Securities Exchange. The company will not change its name as part of the consolidation. The company currently has 146,979,060 shares issued and outstanding. Accordingly, once the Consolidation is effective, the company will have 14,697,906 shares issued and outstanding, assuming there are no other changes in the issued capital of the company. Cypher Metaverse also said it intends to also proceed with consolidating its outstanding options and warrants on a ratio of 10 to 1, with the result that each consolidated option and warrant will entitle the holder to acquire one share at an exercise price of ten times its original exercise price.
Virtual Investor Conferences, the leading proprietary investor conference series, in partnership with KCSA Strategic Communications revealed the agenda for the upcoming KCSA Mental Health Virtual Investor Conference to be held on Thursday, December 15. Individual investors, institutional investors, advisors, and analysts are invited to attend. “The mental healthcare crisis is debilitating for our society, economy and individual well-being," said Lewis Goldberg, managing partner of KCSA. "There are hundreds of companies committed to finding novel solutions to bring ease to that suffering. The KCSA Mental Health Virtual Investor Conference highlights some of the most innovative public and private companies in the sector. We believe these companies are on the cusp of changing the world." Participants may register at: https://bit.ly/3W5Htmr. For a full list of participating companies, click here: https://www.virtualinvestorconferences.com/events/event-details/kcsa-mental-health-investor-conference.
Globex Mining Enterprises Inc. (TSX:GMX, OTCQX:GLBXF) informed its shareholders on drilling results by Maple Gold Mines Ltd on the Eagle Gold Mine property under option from Globex. Maple reported additional results from drilling that confirmed continuity of the mineralized South Mine Horizon, including: 6.1 m grading 1.6 g/t Au including 1.0 m grading 2.8 g/t Au; 7.3 m grading 3.1 g/t Au including 3.6 m grading 4.0 g/t Au and 4.2 m grading 1.7 g/t Au; 10.4 m grading 2.3 g/t Au including 3.2 m grading 5.0 g/t Au; and 7.5 m grading 4.0 g/t Au including 3.0 m grading 6.4 g/t Au. All intervals are downhole lengths. True widths are estimated to be between 35% (for steeper holes) to 80% (for shallower angle holes) of downhole lengths.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that the company’s 2022 Annual Meeting of Stockholders was convened on December 14, 2022 at 9:00 AM EST and adjourned, without any business being conducted, due to lack of the required quorum. The Annual Meeting will reconvene on January 13, 2023, at 10:00 AM EST.