A collaboration between Noxopharm Ltd (ASX:NOX), a biotech company focused on cancer and inflammation, and the Hudson Institute of Medical Research has produced a novel ‘vaccine enhancer’ called SOF-VACTM.
The proprietary technology – based on the company’s SofraTM preclinical platform – has the potential to make mRNA vaccines safer, more cost-effective to produce and better tolerated by patients.
NEXGEL (NASDAQ:NXGL) Inc has announced that it fiscal 2022 revenue rose 32% year over year to $2.05 million, which the company attributed primarily to an increase in contract manufacturing and branded consumer products.
The provider of ultra-gentle, high-water-content hydrogels also realized a 3,100% improvement in its gross profit margin for the year to approximately 12.5%, which NEXGEL (NASDAQ:NXGL) anticipates will continue to improve due to both increased revenue against fixed facility expenses and larger production runs on commercially-proven products.
The collapse of Silicon Valley Bank occurred because the bank’s leadership failed to effectively manage its interest rate and liquidity risk, according to the Federal Reserve vice chair for supervision Michael Barr.
In prepared remarks released ahead of Barr’s appearances before lawmakers this week, he said “SVB’s failure is a textbook case of mismanagement.”
SPC Nickel closed up 25% at $0.10, while Fobi AI surged 28% to $0.485, Meridian Mining UK S finished 16% higher at $0.54, Mason Graphite gained 6% to $0.27, and Copper Mountain Mining ended up 12% at $2.02.
SPC Nickel Corp (TSX-V:SPC, OTC:SPCNF) shares climbed 50% to $0.12 on Monday after the mineral exploration company announced that it has intersected massive to semi-massive sulphide mineralization in its Phase 1 drilling campaign at the recently consolidated West Graham and Crean Hill 3 properties in Ontario.
Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc announced that it has signed a new US contract as well as two Canadian contract extensions, bringing this year's total agreements to date to 15, compared to 28 in all of 2022.
The health data platform technology company said its new US contract is with an Illinois-based primary care clinic and has an estimated deployment value of up to C$170,000 in the first full year, while its contract extensions are with two Ontario-based health providers with an estimated deployment value of up to C$90,000 over 12 months.
Baylin Technologies (TSX:BYL) Inc shares jumped 34% to $0.45 on Monday after the diversified global technology company announced that its Advantech Wireless Technologies subsidiary has received a C$537,000 purchase order from a major US Government Systems Integrator specifically for the US Department of Defense for its frequency converters.
Baylin said the order is the latest installment of an IDIQ (indefinite delivery, indefinite quantity) program for specially designed radio frequency converters.
After months of delays, Brookfield Asset Management (TSX:BAM.A) Inc and its consortium of buyers have reached an A$18.7 billion (US$12.4 billion/C$17 billion) deal to buy Australian utility giant Origin Energy Ltd (ASX:ORG).
The consortium, which also includes Washington DC private equity firm EIG Global Energy Partners, had upped its offer to acquire Origin in recent weeks. The final purchase values Origin at A$8.912 per share, according to regulatory filings.
Disney will begin laying off staff this week, the first of three rounds of job cuts before the summer that will see 7,000 roles slashed, according to a memo from its CEO Bob Iger.
The cross-company job cuts are part of a broader suite of cost-cutting measures totalling $5.5 billion, including $3 billion in content spend.
Black Swan Graphene (TSX-V:SWAN) announced it has entered into a strategic partnership with Nationwide Engineering Research and Development Ltd (NERD) to accelerate the adoption of graphene-enhanced concrete globally.
Shares of the company rose on the announcement, up 8.3% at C$0.13 in the early afternoon on Monday.
Mason Graphite shares took off after it reported that Black Swan Graphene (TSX-V:SWAN) announced it has entered into a strategic partnership with Nationwide Engineering Research and Development (NERD) to accelerate the adoption of graphene-enhanced concrete.
Mason currently owns approximately 41% of the total shares issued and outstanding of Black Swan, a company focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products.
PI Financial has highlighted EverGen Infrastructure Corp (TSX-V:EVGN) as its top pick in the rapidly-developing renewable natural gas (RNG) sector, saying the company is well-positioned to benefit from the brisk pace of investment.
In a note this week, the research firm, which has a ‘Buy’ rating and C$8 price target on EverGen, says opportunities include strategic partnerships and acquisitions, as well as government grant activity. The company's shares are currently trading at C$3.56.
Playgon Games Inc (TSX-V:DEAL, OTCQB:PLGNF) revealed that it has completed a second tranche closing of its previously announced non-brokered private placement of unsecured convertible debentures for additional aggregate gross proceeds of C$275,000.
On January 19, 2023, the Vancouver-based software-as-a-service technology company focused on licensing digital content for the growing iGaming market, said it had completed the closing of a first tranche of its non-brokered private placement of unsecured convertible debentures for proceeds of $1.82 million.
Uber Eats announced plans to remove thousands of online-only brands from its app in a crackdown on restaurants listing their menu under multiple brand names, according to reports.
These virtual “ghost kitchens” took off during the Covid-19 pandemic as restaurants moved to utilize otherwise empty kitchens and make up for lost sales by offering their existing products under revamped brand names.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc signed a five-year $10 million licensing agreement with Canadian beverage manufacturing company, BevWorks Brands Inc on Friday, the company announced.
The deal enables Fobi to deliver technology solutions that support BevWorks’ growth strategy using a data-driven strategy to consolidate the independent beverage manufacturers in alcohol markets and beyond.
DAVIDsTEA (NASDAQ:DTEA) told investors it has been accepted for listing on the TSX Venture Exchange (TSX-V) and that its common shares will commence trading on the Canadian exchange on Monday, April 3, 2023, in Canadian dollars and under the 'DTEA’ ticker symbol.
As a result of its listing on the TSX-V, the company said it intends to voluntarily delist its common shares from the Nasdaq and file a Form 25 with the US Securities and Exchange Commission (SEC) on or about April 7, 2023, with trading on the Nasdaq expected to cease at the close of markets on Friday, April 14, 2023.
Copper Mountain Mining Corporation reported fourth quarter and full-year results before the bell Monday, revealing revenue that topped Street expectations and promising 2023 production guidance.
The company posted revenue of $90.3 million in the quarter ended December 31, down from $136.8 million a year earlier but ahead of analyst expectations of $87.4 million. Its adjusted net loss was $0.10 per share, compared to a gain of $0.11 per share in 2021 and wider than Street expectations of a $0.01 loss.
Pinterest stock could offer more than 25% upside if the company is able to drive revenue growth through improved advertising, according to a UBS analyst.
The analyst upped its rating for the social media company to ‘Buy’ from ‘Neutral’ and raised its price target to $35 from $27. That’s a 27% premium on Friday’s closing price of $27.47.
The boss of Australia and New Zealand Banking Group (ASX:ANZ) has warned that recent troubles in the global finance industry could still result in another financial crisis.
“It's a crisis for some obviously, but is it a financial crisis, who knows? Does it have the potential to be one? Yes, it does have the potential to be one," said the bank's chief executive officer, Shayne Elliott.
Mountain Boy Minerals announced that effective March 30, 2023, it is changing its name to MTB Metals to better reflect the company’s status as a metal explorer with multiple projects encompassing copper, gold, silver, and other metals.
As of the market open on March 30, the company’s shares will commence trading on the TSX Venture Exchange, the OTC Venture Market, and the Boerse Frankfurt Market under the new name, the company said.
Carnival Corp shares were up after the cruise operator reported a smaller-than-expected first-quarter loss for fiscal year 2023, helped by resilient demand for leisure travel and on-board spending.
For the period ended February 2023, the Miami-based cruise giant reported a loss of $690 million, or $0.55 per share, on revenue of $4.4 billion. The consensus estimate for the 1Q was a loss of $0.62 per share on revenue of $4.3 billion. Revenue grew 173.1% on a year-over-year basis.
Alibaba Group Holding Limited shares climbed after news broke that billionaire founder Jack Ma has reportedly returned to China, ending a stay overseas of more than a year.
Ma had a rocky 2021 with the Chinese government, leading to time out of the public eye. Reuters cited sources saying that the “sober mood” of Ma’s businesses eventually “spurred the new premier to reach out.”
Cameco Corporation (TSX:CCO) told investors that the Canada Revenue Agency (CRA) has issued revised reassessments for the 2007 through 2013 tax years that will result in the company being refunded a total of approximately $300 million.
The uranium producer said the refund consists of $89 million in cash and $211 million in letters of credit, which it previously remitted to the Government of Canada based on prior reassessments CRA had issued in its long-standing tax dispute. The timing of the refund is yet to be determined, it added.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) told investors it has received approval to trade its common shares on the OTCQB marketplace, a US trading platform operated by the OTC Markets Group Inc, and that its OTC stock symbol remains ‘AUXIF’ following the uplisting from OTC Pink Sheets.
The company noted that the OTCQB is recognized as an established public financial market for international companies, including natural resource companies in the mining and exploration industry. It anticipates the move will help increase visibility, expand liquidity and further diversify its shareholder base.
Tesla shares moved higher in pre-market trading on Monday after analysts at Barclays reiterated their bullish outlook for the electric vehicle (EV) manufacturer ahead of the release of its first-quarter deliveries and production numbers.
The analysts forecast a modest beat from deliveries in 1Q 2023, projecting 425,000 deliveries against the consensus expectation of 420,000. Tesla delivered 405,000 vehicles in the same quarter last year.
SPC Nickel Corp (TSX-V:SPC, OTC:SPCNF) has announced the intersection of massive to semi-massive sulphide mineralization in its Phase 1 drilling campaign at the recently consolidated West Graham and Crean Hill 3 properties in Ontario.
Drilling intersected a 143-meter (at 76 to 219 meters depth) zone of "West Graham-style" mineralization consisting of 5 to 20% disseminated to blebby sulphides in hole WG-23-026, the eighth drill hole of the Phase 1 campaign. Contained within this intersection was an unexpected 7.8-meter interval (at 170.05 to 179.9 meters) hosting several intervals of massive to semi-massive sulphide mineralization.
Shares of First Republic Bank rose almost 30% in pre-market trading Monday on the news that First Citizens Bank will be acquiring troubled lender Silicon Valley Bank (SVB).
First Citizens has entered into a deal to assume all loans and deposits of Silicon Valley Bridge Bank, the entity created by the Federal Deposit Insurance Corp following the closure of SVB.
Dye & Durham Limited told investors it is mulling a listing for its TM Group subsidiary on London’s AIM market as an alternative to selling the UK business to a third party, to get the best deal for the company and its shareholders.
The company, a leading provider of cloud-based legal practice management software designed to make managing a law firm, organizing cases, and collaborating with clients easy, said it has appointed finnCap Ltd as nominated advisor with respect to a potential admission of TM Group to AIM. It would first effect a spin-out of the company to shareholders, it added.
Court documents circling online have brought to light a harrowing ordeal experienced by self-proclaimed Canadian ‘Crypto King’ Aiden Pleterski, who was allegedly kidnapped, tortured and held to ransom by disgruntled investors of his fraudulent crypto investment scheme.
An account provided by his father Dragan Pleterski described the kidnapping during bankruptcy proceedings after Aiden’s investment scheme began raking up substantial losses for investors
Numinus Wellness Inc. (TSX:NUMI, OTC:LKYSF) said it has launched the Numinus Certification Pathway – a collection of psychedelic-assisted therapy (PAT) training courses uniquely selected to provide practitioners with complete PAT training, including an experiential component and practicum.
The company noted that the Certification Pathway develops core PAT skills through multi-modal teaching methods including interactive evidence and theory reviews, audio-visual design, case-based learning, experiential learning, in-person shadowing opportunities, and more.
Majuba Hill Copper Corp (CSE:JUBA) said it has entered into an agreement with Ruby Hollow, LLC to acquire a 100% interest in the Copper King and Desert Mountain Claim Group, near Juab in Utah, which consist of 6,827.994 acres of highly prospective claims and leases.
The two claim blocks are situated approximately 90 kilometres (km) SW of Kennecott’s prolific Bingham Canyon Mine Complex - just west of Salt Lake City, Utah - and 40 km SW of the Tintic Mining District which hosted some of the richest lead/silver mines in the state.
Regency Silver Corp. (TSX-V:RSMX, OTCQB:RSMXF) said it has arranged, subject to regulatory approval, a non-brokered private placement of up to 5 million common shares at a price of C$0.40 per share for gross proceeds of C$2.0 million.
Closing of the private placement is anticipated to take place on or before Wednesday, March 29, 2023. There will be finder's fees payable in cash or securities, as permitted by the policies of the Exchange equal to 6% of the proceeds raised by the finder.
A presentation on ChatGPT-like Ernie bot will no longer be streamed to the public by Chinese search engine giant Baidu on Monday, amid “strong demand”.
Baidu had been due to publicly show off its artificial intelligence-powered chatbot on Monday afternoon, but opted to move the meeting behind closed doors after interest from some 120,000 companies to test the programme.
Twitter Inc (NYSE:TWTR) has taken legal action after pieces of the computer code used to run the social media site were leaked online, CNBC has reported, citing court filings.
In the latest issue since Elon Musk’s controversial $44 billion takeover of the company last year, CNBC said Twitter issued a subpoena on March 24, 2023, to the software collaboration platform GitHub, where a user identified as “FreeSpeechEnthusiast” shared excerpts of Twitter’s source code without permission, according to the filings.
Bitcoin (BTC) has continued to show signs of consolidation around the US$28,000 price point in a promising sign that the impressive gains netted during the recent bout of financial turmoil could prove sticky.
BTC/USDT gained close to 2% over the weekend after closing 3% lower on Friday. At the time of writing, the pair had fallen back 0.7% to US$27,750.
Invinity Energy Systems PLC said it sold a 1.5MWh energy storage system to STS Group for a solar storage project in Öskü, Hungary.
The AIM-listed manufacturer of utility-grade energy storage said this project, supported with EU funding, will see seven VS3 flow batteries provided alongside a 2MWp solar array that can provide energy for up to six hours.
Twitter Inc (NYSE:TWTR) is worth less than half of the US$44bn Elon Musk bought it for in October, according to a memo offering staff a new stock compensation programme.
Staff were offered shares in Twitter’s holding firm X Corporation, with Musk basing the stock price off the social media’s US$20bn valuation, The Information first reported.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) booked a loss of US$1.9mln in the six months to December 2022, broadly flat on the US$1.8mln loss booked in the comparable period a year earlier.
The company had net cash balance as at 31 December 2022 of US$13.7mln.
Genel Energy PLC (LSE:GENL, OTC:GEGYY) told investors it has been informed by the Kurdistan Pipeline company that the Iraq-Turkey pipeline has been shut-in, at the request of Turkey.
The company, in a stock market statement, said that public statements made by both the Federal Iraq Ministry of Oil and the Kurdistan Regional Government (KRG) lead Genel to believe the shut-in will be temporary.
Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) has secured a US$130mln debt facility with Société Générale and Absa Bank Limited.
The facility has a 42-month tenure and comprises a term loan of US$80mln and a revolving US$50 mln facility.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) confirmed that it has the potential to produce over 300,000 tonnes of copper from its Garadag porphyry deposit in Azerbaijan.
Anglo Asian acquired historic geological data from AzerGold CJSC relating to the Garadag deposit, which is hosted within the Garadag contract area and located north of the company's Gedabek and Xarxar contract areas.
North Carolina-based lender First Citizens Bank has sealed a deal to buy collapsed lender Silicon Valley Bank (SVB), taking on US$56bn (£46bn) of customer deposits, US regulators have confirmed.
First Citizens, a family-run institution with over 500 branches across the US, inked the agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership all of SVB’s loans and certain assets and liabilities.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) has returned further significant intercepts of high grade lithium-bearing minerals at multiple locations from the second set of assay results from its maiden diamond core drilling programme at the San Domingo pegmatite district in Arizona.
This is a continuation of the first extensive drilling campaign undertaken at San Domingo since the 1950s, but is the maiden programme under Bradda Head.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF) said its partner Avion Pharmaceuticals has submitted the phase II/III clinical protocol for Lupuzor to the US Food and Drug Administration (FDA).
This promising treatment is for patients with systemic lupus erythematosus (SLE/Lupus). The new trial design addresses the US regulator's guidance on exploring higher dose levels and incorporates insights from the pharmacokinetic (PK) study completed last year.
Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF), a leading provider of flexible working spaces in the UK and Germany, has announced the appointment of Chris Bowman as chief financial officer.
Bowman brings nearly 25 years of accounting, finance and capital markets experience to Sirius.
Allergy Therapeutics PLC (AIM:AGY, OTC:AGYTF), the commercial-stage biotech company, has started administering its groundbreaking short-course peanut allergy vaccine candidate, VLP Peanut, to phase I PROTECT trial patients.
The first-of-its-kind study aims to evaluate the safety, tolerability and preliminary efficacy of VLP Peanut in both healthy and peanut-allergic adults.
With the intention of building on its strong lithium portfolio in Austria at the heart of Europe’s burgeoning electric vehicle industry and decarbonisation drive, European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has signed an agreement to acquire three projects in the resource-rich Styria mining district.
A binding Heads of Agreement (HoA) with 2743718 Ontario Inc., a subsidiary of Richmond Minerals Inc, covers 100% of the rights, title and interest in the Bretstein-Lachtal Project, Klementkogel Project and Wildbachgraben Project.
Anteris Technologies Ltd (ASX:AVR, OTC:AMEUF) has secured the go-ahead from the US Food and Drug Administration (FDA) to manufacture DurAVR™ Transcatheter Heart Valves (THV) at the company’s newly expanded production facility in Minnesota.
AVR is a structural heart company focused on delivering clinically superior and durable solutions through better science and better design.
Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) continues to pursue shallow, conventional gas discoveries in energy-hungry South Africa, as outlined in its latest exploration update.
The ASX-listed energy stock has spudded its core 270-05C well — the third asset on its 270 exploration right — and ER271 has just been greenlit for renewal.
Hawkmoon Resources Corp said it has completed a private placement of 1,587,500 units of the company for gross proceeds of $127,000. Each unit consists of one common share of the company and one share purchase warrant, with each unit warrant exercisable into one share at a price of 10 cents per share for 24 months from the closing date. The company plans to use the net proceeds from the private placement for general working capital. finder's fees of $3,200 were paid and 40,000 finder's warrants were issued in connection with the private placement. Each finder's warrant is exercisable at 10 cents for a period of 24 months from the date of issuance. Insiders of the company subscribed for an aggregate of 500,000 units under the private placement, which subscriptions constituted related party transactions within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holdings in Special Transactions. All securities issued in connection with the private placement are subject to a four-month-and-one-day hold period under applicable securities laws.
Alkaline Fuel Cell Power Corp said it has granted an aggregate of 15,918,298 restricted share unit (RSUs) to certain arm’s length consultants of the company. The RSUs will vest in accordance with the terms of each consultant’s RSU agreement and in accordance with the company’s 2021 RSU Plan. Upon vesting, each RSU will entitle the holder thereof to receive one common share in the capital of the company. The company also announced the resignation of Dr Richard Lu from its board of directors, effective March 24, 2023. The company thanked Dr Lu for his contributions to PWWR since accepting the role in 2022.
Carlyle Commodities Corp said it has entered into a marketing and market awareness agreement with the CanaCom Group for the provision of digital content, marketing, and media distribution services to the company. Under the terms of the agreement, such marketing services are to be provided over a 12-month period, commencing on March 2, 2023, for a fee of $100,000, plus applicable taxes. CanaCom is a full-service marketing agency based in Toronto, Ontario. Carlye also announced that it has approved the issuance of 50,000 stock options to a consultant of the company for the purchase of up to 50,000 common shares under the company's stock option plan. Each option vested immediately and is exercisable for a period of five years at an exercise price of $0.135 per share.
One World Lithium Inc (OWL) has announced that effective March 22, 2023, Fernandez Young LLP, Chartered Professional Accountant have been appointed as the company’s auditors until the next annual general meeting of the company. Fernandez Young replaces BDO Canada LLP as the company’s auditors. OWL also announced that is has granted incentive stock options to certain of its directors, officers, management and consultants of the company to purchase up to an aggregate of 5,100,000 common shares. The options are exercisable on or before March 24, 2025, at a price $0.06 per common share, being the closing price of the company’s common shares on the Canadian Stock Exchange on March 24, 2023. All options are fully vested and were granted in accordance with the company’s stock option plan.
Harbor Custom Development Inc has announced that it will host a conference call and webcast on Friday, March 31, 2023, at 9.30am PT (12.30pm ET) to elaborate on its fourth quarter and full year financial results ended December 31, 2022. The public may access the conference call and webcast at https://investors.harborcustomhomes.com/events. Harbor will be answering previously submitted questions during the webcast. Written questions may be submitted in advance by the end of day Wednesday, March 29, 2023, by email to: IR@harborcustomdev.com. The conference call will be available by telephone at 1-877-407-0789 (for international callers, dial 1-201-689-8562), or conference ID: 13737541. A replay of the conference call will be available for two weeks at 1-844-512-2921 (for international callers, dial 1-412-317-6671) using the replay PIN: 13737541. Harbor will issue its fourth quarter and full year 2022 earnings release and supplemental presentation prior to the call on the morning of Friday, March 31, 2023, which will be found in the Investor Relations section under the presentations tab of the Harbor website at https://harborcustomdev.com.
QC Copper and Gold Inc has said it intends to complete a non-brokered private placement offering at a price of $0.14 per offering share, for gross proceeds of up to $1.6 million. The financing with is expected to be exclusive to strategic institutional Quebec funds who are long-term shareholders. The closing of the private placement may be completed in one or more tranches. The net proceeds will be used for exploration and development of QC Copper's Opemiska Copper Project in Chapais, Québec and for general working capital purposes. There is no minimum aggregate subscription amount for the private placement, but completion is subject to all regulatory approvals, including TSX Venture Exchange acceptance. Depending on market conditions, the gross proceeds of the private placement could be increased or decreased. All securities issued will be subject to a hold period of four months and one day from the date of closing.
Vicinity Motor Corp announced that it will release financial results for the fourth quarter and full year ended December 31, 2022, after market close on Thursday, March 30, 2023. Management will host an investor conference call at 4:30 PM Eastern time on Thursday, March 30, 2023, to discuss Vicinity Motors' fourth quarter & full year 2022 financial results, provide a corporate update, and conclude with a question and answer session from telephone participants. To participate, please use the following information: U.S./Canada Dial-in: 1-844-850-0545; International Dial-in: 1-412-542-4118; Conference ID: 10176143; Webcast: Vicinity Motors Q4 & FY2022 Webcast. Please dial in at least 10 minutes before the start of the call to ensure timely participation. A playback of the call will be available through Sunday, April 30, 2023. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 10176143. A webcast will also be available by clicking here: Vicinity Motors Q4 & FY 2022 Webcast.
ReVolve Renewable Power Corp announced that it has submitted an application to have its common shares posted for trading on the OTCQB Venture Market in the US. The company said potential benefits of trading on the OTCQB include efficient market standards, as well as increased liquidity and visibility within the US investment community. It noted that if, and when, the company's common shares start to trade on the OTCQB, ReVolve Renewable's common shares will continue to trade on the TSX Venture Exchange under the symbol ‘REVV’. Trading of the company's common shares on the OTCQB remains subject to FINRA clearing a Form 211, approval by the OTC Markets Group and the satisfaction of all applicable OTCQB standards.
Algernon Pharmaceuticals Inc. has announced a rights offering to eligible shareholders of record at the close of market on March 29, 2023. The company said a holder resident in an eligible jurisdiction will be offered one transferable right for each share held, with each right entitling the holder to subscribe for one unit of Algernon at a subscription price of $0.25 per unit. Each unit will consist of one share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional share at the exercise price of $0.52. It said the rights will begin trading on March 28, 2023, under the symbol AGN.RT and will expire at 2pm Pacific Time (5pm ET) on April 27, 2023. Trading in the rights will be halted at noon on April 27, 2023.
Deepspatial Inc has closed the final tranche of a non-brokered private placement of unsecured convertible debentures for gross proceeds of $102,750, the company announced. The debentures will bear interest at 10% per annum. Until the maturity date, holders may convert the principal into units of the company price of $0.15 per unit. Each unit consists of one common share and half of one share purchase warrants. Whole warrants entitle their holders to purchase additional shares at a price of $0.30.