Asante Gold Corporation shares surged 23% to $1.85 on Friday after the gold exploration and development company announced that it has received an unsolicited, non-binding and conditional expression of interest from Fujairah Holding LLC, which owns 11.43% of Asante's stock, to acquire the remaining issued and outstanding common shares of the company not already held by Fujairah.
Asante said the cash consideration contemplated equates to C$2.20 per share, but its board has determined the offer is not in the best interests of the company or its shareholders and fails to address Asante's near-term financing requirements.
Ocean Power Technologies Inc (NYSE-A:OPTT). (OPT) said it will continue to provide its WAM-V 22 Autonomous Surface Vehicle (ASV) asset to a US government agency overseas for its maritime activities through a $0.5 million contract extension.
"OPT is proud to continue our support for the US government with our state-of-the-art WAM-V ASV," OPT CEO Philipp Stratmann said in a statement.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) told investors it is seeing continued global demand for the 3D modelling and AR solutions it designs for the eCommerce sector in Web 3.0.
Reporting financial and operating results for the year to December 31, 2022, the company’s CEO Evan Gappelberg highlighted the addition of Amazon in the third quarter of the year as its largest enterprise customer for 3D model delivery in eCommerce.
QC Copper and Gold Inc said it has closed a final tranche of a non-brokered private placement. Under the final tranche, the company sold an aggregate of 2,857,142 common shares for 14 cents per offered share for aggregate gross proceeds of $399,999.88. The net proceeds from the offering will be used for the exploration and development of QC Copper's Opemiska copper project in Chapais, Quebec, and for general working capital purposes.
Jushi Holdings Inc said it dismissed its auditor Marcum LLP on April 19, 2023, and engaged Macias Gini & O'Connell LLP as its new auditor effective, April 20, 2023. Marcum's dismissal was not the result of any disagreement between the company and Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
Predictive Oncology Inc. said it will undergo a reverse stock split of its common stock at a ratio of 1 post-split share for every 20 pre-split shares. The reverse stock split will become effective at 12.01am on Monday, April 24, 2023. Predictive Oncology’s common stock will continue to be traded on the Nasdaq Capital Market under the symbol POAI and will begin trading on a split-adjusted basis when the market opens on Monday, April 24, 2023.
C3 Metals Inc said it has closed the first tranche of its previously announced non-brokered private placement, issuing 93,360,000 common shares at a price of $0.05 each for gross proceeds of $4.668 million. The company said gross proceeds raised from the offering will be used for exploration expenditures, working capital, and general corporate purposes. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance.
Golden Shield Resources Inc has engaged John Martin to provide investor relations services for a term of six months to start on May 1, 2023. Golden Shield will pay Martin $3,000 per month, plus applicable taxes, and has issued 100,000 incentive stock options pursuant to the company's incentive stock option plan. The options are exercisable at a price of $0.26, have a term of five years, and will vest over a period of 36 months.
CareRx Corporation current CEO David Murphy and incoming CEO (current CFO) Puneet Khanna will present at the 2023 Bloom Burton & Co. Healthcare Investor Conference, the company announced. The event is being held April 25-26 at the Metro Toronto Convention Centre, with Murphy and Khanna scheduled to present at 4 pm ET on April 25.