BioHarvest Sciences Inc published a year-end letter to shareholders, highlighting its 2022 production increases and issuing significant revenue projections for 2023.
“2022 saw us build foundational capabilities which have already proven to be highly impactful,” CEO Ilan Sobel said in the letter to shareholders.
Hillcrest Energy Technologies Ltd (CSE:HEAT, OTCQB:HLRTF) has announced the closing of the book for its previously announced non-brokered private placement of units of the company with gross proceeds of the offering expected to total $1.518 million.
The company anticipates distributing 12,650,000 units at a price of C$0.12 each, resulting in the expected issuance of 14,700,000 shares.
The original terms of the offering consisted of up to 20,000,000 units of the company at a price of C$0.12 per unit. Each unit contains 1.2 common shares in the capital of the company.
Delivra Health Brands Inc said its wholly-owned subsidiary, United Greeneries Holdings Ltd., has sold and transferred the title of its Lucky Lake facility in Saskatchewan effective as of December 28, 2022, to a third party in Saskatchewan for total aggregate consideration of $3 million. Gord Davey, president and chief executive officer of Delivra Health, commented: "This transaction immediately strengthens our position in the marketplace by providing working capital to further develop our leading brands Dream Water and LivRelief. The company will use the proceeds of this transaction to expand distribution, brand awareness, innovation and marketing initiatives to accelerate the growth and profitability of the company."
Gold Resource Corporation has announced that its wholly-owned indirect subsidiary Aquila Resources USA Inc has received 12,250,000 common shares of Green Light Metals Inc. The shares were issued upon the conversion at maturity of a non-interest-bearing promissory note of Green Light in the principal amount of C$4.9 million dated October 4, 2021, as amended. The shares were issued on December 28, 2022, at a conversion price of C$0.40 per share, and represent approximately 28.51% of the issued and outstanding shares of Green Light. The Green Light note was issued to Aquila USA in partial consideration for the C$7.0 million sale by Aquila USA to Green Light of a 100% interest in Aquila USA’s Bend and Reef exploration assets located in the State of Wisconsin, which was completed on October 4, 2021. At the time of such sale, the parent company of Aquila USA was Aquila Resources Inc, which was subsequently acquired by the company on December 10, 2021. Prior to the conversion of the Green Light note, the company did not own or exercise control or direction over any Green Light shares.
BioVie Inc will be featured in an interview on The RedChip Money Report on Bloomberg TV, this Saturday, December 31, at 7.00pm Eastern Time (ET). In the exclusive RedChip Money Report interview, BioVie's CEO Cuong Do discusses the company's positive data from its Phase 2 Alzheimer's and Parkinson's trials, cognition and motor control results from the trials, the potential to file for US Food & Drug Administration (FDA) approval in 2024, and much more. Interested parties can access the interview via the following link: https://www.biviinfo.com/interview_access