Chesapeake Financial Shares Inc, the parent company of Chesapeake Bank and Chesapeake Wealth Management, indicated that its shareholders will receive their fourth-quarter $0.15 per share dividend well before Christmas.
With increased fears of a possible recession, investors seeking steady income have increasingly turned to stocks paying quarterly dividends. And, Kilmarnock, Virginia-based community bank Chesapeake has a long history of paying dividends.
Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) has announced additional assay results from drilling completed at its Ducros nickel-copper-cobalt-platinum group elements-gold project in Québec, which included 1.1% nickel, 1.2% copper, 364 parts per million (ppm) cobalt, and 2.7 grams per tonne (g/t) platinum-palladium-gold over 4.8 metres (m).
The mineral exploration company said it has successfully completed the inaugural 2022 drilling program at the Ducros property and plans are in progress to launch winter work programs, which will include up to 20,000m of new drilling in 2023.
Arizona Silver Exploration Inc. (TSX-V:AZS) announced it has appointed mining executive Jim Engdahl as an independent director of the mineral exploration company.
Engdahl, who serves as CEO and director at MAS Gold, will be replacing Brady Stiles, who resigned as a director after a three-year stint on Arizona Silver’s board.
Kainantu Resources Ltd (TSX-V:KRL) (KRL) has updated investors on the exploration campaign at its KRL North site adjacent to K92, along with an update on the definition of drilling targets at KRL North, anticipated to start in the first half of 2023.
The company said it remains focused on the potential for high-grade gold mineralisation to extend from the K92 Mining/Bilimoia minefield into KRL North; with the evidence to date supporting this continuity.
BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) has said it is estimating 2023 revenue to be between $17 million and $20 million, representing growth of at least three times over 2022.
The Vancouver-based company said revenue for 2022 is now estimated to be $5.5 million to $5.7 million, meeting the guidance range it provided in the first quarter of the year. Additionally, it expects to achieve cash flow break-even in the fourth quarter of 2023 as it continues investing in research and development and the building of manufacturing capacity for its nutraceuticals and cannabis verticals both in Israel and abroad.
Toubani Resources Inc. (TSX-V:TRE, ASX:TRE) has announced that Phil Russo will join the company as its chief executive officer and an executive director from January 9, 2023.
The company said it moved to appoint an Australian-based CEO after its successful ASX listing in November, advancing the company’s strategy to increase its market profile in Australia and globally, as well as unlocking the significant, untested exploration potential across the Kobada gold project.
Euro Sun Mining Inc (TSX:ESM, OTC:CPNFF) said it has closed the second tranche of its previously announced non-brokered private placement financing with an aggregate of 2,500,000 common shares sold at a price of C$0.05 per common share for aggregate gross proceeds of approximately C$125,000. Euro Sun said it intends to use the proceeds of the offering for general corporate purposes. All securities issued in connection with the offering are subject to a statutory hold period of four months and one day. The offering and the closing of the second tranche are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities. No finders’ fees were paid in connection with the offering.
Eric Sprott and 2176423 Ontario Ltd., a company that Sprott beneficially owns, have entered into a voting support agreement with Golden Tag Resources Ltd. (TSX-V:GOG, OTCQB:GTAGF) in connection with Golden Tag's proposed transaction under an asset purchase agreement with First Majestic Silver Corp and its affiliate to acquire 100% of the assets of La Parrilla silver mine complex. Sprott understands that under the proposed transaction, among other things, Golden Tag will issue 143,673,684 common shares or US$20 million at a deemed price of 19 cents per share and complete two deferred payments, payable in either cash or Golden Tag common shares, at the sole election of Golden Tag, upon certain milestones with respect to La Parrilla being met. Sprott and 2176423 Ontario hold 41,604,282 common shares and two million warrants, representing approximately 19.2% of the issued and outstanding common shares on a non-diluted basis and approximately 20.0% on a partially diluted basis assuming exercise of such warrants.
Gold Basin Resources Corporation (TSX-V:GXX) announced that, effective immediately, it has terminated its business relationship with the Discovery Group of companies.
Magna Mining Inc (TSX-V:NICU) said it has filed on SEDAR an independent technical report titled 'Mineral Resource Estimate Update for the Denison Ni-Cu-PGE Sulphide Deposit, Denison Project, Sudbury, Ontario Canada' in respect of its Denison Project. The technical report has been filed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. A copy of the technical report is available under the company's profile page at www.sedar.com. The independent technical report is dated December 14, 2022, with an effective date of August 19, 2022, and was prepared by Dr Allan Armitage of SGS Geological Services.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) has announced the engagement of Marcum LLP as the company's new independent registered public accounting firm. Alex Valdes, Trust Stamp's chief financial officer, commented: “Marcum is one of the top-ranked accounting firms for rapidly growing small-cap companies, and runs the fifth largest SEC auditing practice in the US. They have a proven track record with more than 70 years of experience serving middle-market companies in the services and technology industries. With Trust Stamp’s offices located in seven countries across North America, Europe, Asia, and Africa, Marcum’s international capabilities will be invaluable as we continue to grow our global footprint. Moreover, we believe our selection of Marcum illustrates our commitment to maintaining the highest standards for our financial controls and procedures.”
MAS Gold Corp (TSX-V:MAS, OTCQB:MSGCF) has announced an extension of the closing date of its non-brokered private placement for gross proceeds of up to C$1,500,000. The original closing date of the offering was December 15, 2022, and the company is extending the closing date to December 30, 2022. The non-brokered private placement, announced on November 23, 2022, is for up to 11,111,111 through units of the company at a price of C$0.045 per unit for gross proceeds of up to C$500,000 and up to 20,000,000 flow-through (FT) units of the company at a price of C$0.05 each for gross proceeds of up to C$1,000,000 from the sale of FT units.
Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) announced the results of voting at its Annual and Special General Meeting of Shareholders (the “Meeting”) held on Wednesday, December 14, 2022. All six of the individuals nominated for the board of directors were elected, and shareholders also voted in favor of reappointing Grant Thornton LLP as auditors for the ensuing year and authorizing directors to fix their remuneration and approving and ratifying the 2018 Rio2 Stock Option Plan. The company also announced that the board appointed Andrew Cox, president and CEO, as a director. As a result of this appointment Rio2’s board of directors is comprised of seven members.
MySize Inc (NASDAQ:MYSZ) announced that an article published in Modern Retail, a leading industry trade publication, titled "Levi's adds more sizing features to its website in DTC sales push" was ranked one of the "most-clicked stories" in the National Retail Federation's newsletter on December 14, 2022. "The apparel retail industry is at a tipping point in addressing the pressing need to adopt technologies that help shoppers gain the benefits of a physical dressing room experience when shopping online," said MySize CEO Ronen Luzon. "Determining the correct size and fit is a challenge for online apparel retailers and brands looking to increase their DTC sales. MySizeID directly addresses this issue, delivering a better experience for shoppers while helping retailers and brands improve their economics and customer satisfaction levels."
AmeraMex International (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, said it has scheduled a conference call to provide a shareholder update on Tuesday, December 20, 2022, at 9am Pacific Time. The conference call dial-in number for both US and international callers is 1.201.689.8560. A replay will be available from December 20, 2022, at 3pm Eastern Time until January 3, 2023, at 11.59pm Eastern Time by dialing 1.412.317.6671 and entering pin number 13734981.
NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) has announced the voting results from the election of directors at its Annual General Meeting held on December 15, 2022, in Denver, Colorado. Mark A Smith, Michael J Morris, David C Beling, Anna Castner Wightman, Nilsa Guerrero-Mahon, Fernanda Reda Fenga Viana Klamas, and Peter Oliver have been elected as directors of the company to serve until the next annual meeting or until their successors are elected or appointed.
BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) has closed the third tranche of its non-brokered private placement of convertible notes previously announced on Oct. 7, 2022. Under the third tranche, the company has issued notes totalling C$542,573.73. With the closing of this tranche the aggregate amount raised under the offering to date is $10,033,559.70. The notes have a term of 24 months and accrue interest at a rate of 9% per annum. The principal amount and the accrued interest thereon will be convertible, at the option of the holder, at any time from the issuance of the notes into common shares as outlined in their news release issued October 7, 2022.
Ilan Sobel, CEO, said "I am delighted by the completion of this funds-raise. I am also grateful to our new partners who entrusted BioHarvest to deliver on its scalable Biotech innovation vision. As described in today's (December 15th) announcement, we are not only aiming in 2023 for at least 3X growth in revenue but also for a cash flow break-even in Q4 2023."
Binovi Technologies Corp. (TSX-V:VISN, OTCQB:BNVIF) has announced that in accordance with TSX Venture Policy 2.5, it has not maintained the requirements for a TSX Venture Exchange Tier 2 company. Therefore, effective at the opening on December 19, 2022, the company's listing will transfer to NEX, the company's tier classification will change from Tier 2 to NEX, and the filing and service office will change from Vancouver to NEX. As of that date the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the company will change from VISN to VISN.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX-V market. Further to the exchange bulletin issued July 6, 2022, trading in the shares of the company will remain suspended.