Island Pharmaceuticals Ltd (ASX:ILA), an Australian mid-clinical stage antiviral drug development company, has submitted an Investigational New Drug (IND) application for the ISLA-101 Phase 2a PEACH clinical trial.
ISLA-101 is a well-known drug candidate that is being repurposed for the prevention and treatment of dengue fever and other mosquito (or vector) borne diseases.
Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) has boosted its finances to the tune of C$680,100 (~A$747,939) after completing a non-brokered private placement.
The funds have been raised through the issue of 3 million units of the company at a price of C$0.05 per unit, and 8.835 million flow-through (FT) units of the company at a price of $C0.06 per FT unit.
PlantX Life Inc has filed its financial statements for the fiscal year ended March 31, 2022, highlighting significant revenue growth.
The plant-based product retailers reported revenue of nearly $12 million for the year, up from close to $3 million in the year before. Cost of goods sold was more than $8 million, compared to roughly $2 million a year earlier.
HealthLynked Corp (OTCQB:HLYK) revealed that its subsidiary Naples Center for Functional Medicine has reported promising initial results for its Medical Membership and Concierge programs.
Naples, Florida-based HealthLynked connects patients, doctors and data through its global healthcare network using technology to reduce costs and improve patient outcomes.
TRACON Pharmaceuticals Inc (NASDAQ:TCON) revealed that the clinical stage biopharmaceutical company had struck an up to $30 million non-recourse financing agreement.
“This non-dilutive funding provides for upfront capital along with potential post-award financing, so we may realize the value of a potential arbitration award once issued,” TRACON Pharmaceuticals CEO Charles Theuer said in a statement.
Empower Clinics Inc, one of the largest operators of medical health and wellness centers in the US, revealed that it had appointed Zeifmans LLP as its new auditor from December 20, 2022, to strengthen its accounting and financial controls.
The Vancouver-based integrated healthcare company also announced the change of its year end from December 31 to March 31.
Algernon Pharmaceuticals Inc. (CSE:AGN, OTCQB:AGNPF) said it has entered into an equity distribution agreement dated December 23, 2022, with Research Capital Corp for the at-the-market (ATM) offering of its common shares.
Under the agreement, the company will be entitled, at its discretion and from time to time during the term of the distribution agreement, to sell, through Research Capital, as sole and exclusive placement agent, such number of Class A common shares of the company having an aggregate gross sales price of up to $5.0 million.
Great Republic Mining Corp said it has entered into an amendment to its property option agreement for the Porcher Property. Under the terms of the amendment, the company has agreed to issue an aggregate 150,000 shares to the property optionors (50,000 shares to each optionor) in consideration of the deferral of exploration expenditures to 2023, with $40,000 to be completed by March 1, 2023, and the balance of $60,000 by December 31, 2023. The shares issued to the optionors bear a hold period of four months and one day from the date of issuance, and are subject to the company's filing requirements with the CSE.
Medivolve Inc said it has arranged a secured convertible note financing in the amount of $1.2 million, which includes a $200,000 original issue discount (OID). This investment will be in the form of a secured convertible note with a face value of $1.4 million for aggregate gross proceeds to the company of $1.2 million after deduction of the OID. Cumulative interest on the outstanding principal amount shall be payable at the annual rate of 8.0% per annum. The note is expected to mature on December 31, 2023, and will be convertible, at the option of the holder after four months and one day following issuance and subject to certain conditions, into units at a price of 40 cents per unit. All amounts outstanding under the note are expected to be secured by a first-ranking security interest over all of the company's present and after-acquired personal property. Closing of the note financing is conditional upon receipt of NEO approval and the completion of due diligence and definitive legal documentation, and is anticipated to close on or about December 30, 2022. No finders' fees are expected to be paid in connection with the offering. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 50 cents for a period of five years following the closing date of the offering. Proceeds of the offering will be used to repay existing debt and for general working capital purposes.
Lodestar Battery Metals Corp - formerly Silverton Metals - said it has closed its previously announced non-brokered flow-through private placement financing by issuing four million units at a price of 10 cents per unit for total proceeds of $400,000. Each unit consists of one flow-through common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase a common share at an exercise price of 15 cents for a period of three years from the date of issue. The securities under the offering are subject to restrictions on resale expiring on April 24, 2023. The company paid finders' fees totalling $32,000 and issued a total of 320,000 share purchase warrants. Each finders' warrant is exercisable at 10 cents per warrant for a period of two years from the date of issue. The company said it intends to use the gross proceeds of the offering for exploration activities at its Canadian lithium projects. The company also announces that it has granted options to purchase two million common shares to its directors, officers and consultants. The options are exercisable at a price of 10 cents per share and expire for a term of five years from the date of grant.
Idaho Champion Gold Mines Canada Inc said it has closed the second and final tranche of its recently announced private placement offering, issuing 3,728,600 Quebec flow-through shares and 1,866,667 flow-through shares for gross proceeds of $373,002. The private placement offering was oversubscribed with total gross proceeds of $1,116,787 and included insider participation $112,000. In connection with the closing of the final tranche, the company paid $18,650 eligible cash finder's fees of the gross proceeds of the offering.
Victory Resources Corp said it has changed its name to Victory Battery Metals Corp and consolidated its issued and outstanding common shares on the basis of one post-consolidated common share for every three preconsolidated common shares. As a result, the outstanding shares of the company will be reduced to approximately 42,537,074 common shares. The company's trading symbol will remain the same.
Anacortes Mining Corp said that effective December 23, 2022, it has granted options to purchase an aggregate of 1.95 million common shares in its capital to the following persons: 850,000 to its independent directors, 250,000 options to its chief executive officer, 250,000 options to its chief financial officer, 200,000 options to a senior employee, 200,000 to a consultant adviser to the board and 200,000 to Kin Communications Inc, its investor relations consultant. The options entitle the holder to purchase one common share of the company at an exercise price of 40 cents per share for a period of five years from the date of grant. All of these options vest immediately, with the exception of Kin's options, which vest in four equal instalments of 50,000 options over a period of 18 months, with the first instalment vesting on the date of grant, and three additional instalments, each for 50,000 options, on the six-, 12- and 18-month anniversaries of the date of grant.
Forward Water Technologies Corp said it has issued a total of 588,739 common shares in the capital of the Company in settlement of compensation to AGORA Internet Relations Corp for certain advertising services provided by AGORA to the company over the last six months. Forward Water president and CEO, Howie Honeyman commented: "AGORA has proven to be a valuable partner over the past six-month period. We are delighted to have their services to continue to expand our presence in the clean technology sector."
My Size Inc has been informed the Nasdaq Stock Market LLC that the company has regained compliance with the exchange’s minimum price rule. The listing rule requires stocks to maintain a minimum bid price of $1 per share. My Size regained compliance after the stock’s closing price was at or above $1 for 10 consecutive business days.