Marvel Discovery Corp announced it has arranged a non-brokered private placement to raise proceeds of $750,000 by issuing both flow through and non-flow through units. Up to 4,615,385 flow-through units will be issued at a price of $0.13 per unit. Each unit consisting of one flow-through common share and one-half of one common share purchase warrant; each whole warrant entitling the holder to subscribe for and purchase one non-flow-through common share at a price of $0.25 for a period of 24 months following the acceptance date. Up to 1,304,348 non-flow-through units will be issued at a price of $0.115 per unit. Each unit consisting of one common share and one common share purchase warrant; each warrant entitling the holder to subscribe for and purchase one non-flow-through common share at a price of $0.20 for a period of 24 months following the acceptance date. The aggregate gross proceeds from the offering will be used for exploration of the company's projects and general working capital.
BlueRush Inc said that its CEO Steve Taylor has been accepted into Forbes Technology Council — an invitation-only community for world-class chief information officers, chief technology officers, and technology executives. The Toronto-based company said Taylor was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors. "We are honored to welcome Steve into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world."
CytoDyn Inc said its shareholders have approved all four proposals up for consideration at the company's 2021 Annual Meeting of Stockholders, including: the election of Scott Kelly, Nader Pourhassan, Jordan Naydenov, Lishomwa Ndhlovu, Harish Seethamraju, and Tanya Durkee Urbach to its board of directors; the ratification, on an advisory basis, of the selection of Warren Averett as the company’s independent registered public accounting firm for the fiscal year ending May 31, 2022; the approval, on an advisory basis, of the company’s named executive officer compensation and; approval of a proposal to amend the company’s Certificate of Incorporation to increase the total number of authorized shares from 800,000,000 to 1,000,000,000.
Aurania Resources Ltd (TSX-V:ARU, OTCQB:AUIAF) has announced that drilling in hole SH-004 successfully intersected the targeted silver-zinc mineralized layer at the Tiria-Shimpia target on its Lost Cities-Cutucu project in Ecuador and assay results are pending. The company also said progress is being made with exploration for sediment-hosted copper at the Tsenken target at Lost Cities-Cutucu, with copper having been intersected in several sedimentary layers and targets were refined during a week-long site visit by Professor Gregor Borg, a specialist in sediment-hosted copper, zinc and lead. Aurania noted that Borg has just completed his third visit to site where he reviewed field data, exploration results and drill core from both the Tsenken and Tiria-Shimpia targets to verify and provide feedback on the company's current exploration models.
Pathway Health (TSX-V:PHC) Corp has said it is optimistic about its business headed into the new year despite experiencing coronavirus (COVID-19) pandemic-related challenges during the third quarter. For the period ended September 30, 2021, the Toronto-based healthcare company which treats patients suffering from chronic pain, reported it had $4.2 million in cash, compared to $0.001 million in cash as of December 31, 2020. Pathway chalked up the increase in cash to $13.8 million in gross proceeds form a private placement, offset by $4.9 million paid to a related party for an asset acquisition which closed on January 18, 2021, $0.6 million used in professional fees for the reverse takeover transaction and asset acquisition, and funds used in operating activities.
Canada Silver Cobalt Works Inc announced that it has intercepted massive nickel-copper sulphides at its Graal property in Quebec. The sulphides range up to 2.79% nickel and 25.68% copper, according to a statement from the British Columbia-based company. The mineralization was verified with a handheld XRF device, which confirmed the existence of strong nickel-copper mineralization similar to the Bouguer anomaly identified earlier this year, Canada Silver said.
Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc has said it will post its financial Q3 results after the market close on November 29, 2021. A week later, on December 8, 2021, at 9.00am PST / 12.00pm EST, Cloud DX (TSX-V:CDX, OTCQB:CDXFF) CEO Robert Kaul will host a live webinar to review results and provide a company update. He will discuss how Virtual Care as a Platform stands apart from standard remote monitoring as well as its various associated revenue streams. "We continue to grow patient access and develop channels. This past quarter, we have signed a number of contracts increasing our access beyond 1 million patients and onto our path forward to our initial goal of 9000 patients onboarded and cash flow positive. We'll expand on this at our update as well as review some of our significant partnerships and the growing market signals of our expanding programs (Patient First, Maternal Health Track, Chronic Disease Management, Post-Surgical, AcuScreen), and what to expect in Q1," said Kaul. Registration for the event: https://zoom.us/webinar/register/1916365021520/WN_qWJGYDBxROO_lfiUJ9-8ow. Within twenty-four hours after the webinar, the video will be available on the company's YouTube page: https://consent.youtube.com/m?continue=https%3A%2F%2Fwww.youtube.com%2Fchannel%2FUCWkeuSebLuSs-IPByyr3pgw&gl=GB&m=0&pc=yt&uxe=23983171&hl=en&src=1
Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) has reported a big increase in third-quarter revenue as it continues to be driven by a strong performance from its core Las Vegas operations and more than doubled sales of its Trendi vapes brand. In the three months to September 30, 2021, the company posted revenue of $33 million, an increase of 45%, while gross profit before biological adjustments was $17.6 million compared to $13 million in 3Q 2020. "Along with our dispensary operations, our product brands are performing well with Trendi vapes seeing 110% dollar sales growth year over year according to (market intelligence company) Headset,” Planet 13 co-CEO Larry Scheffler said in a statement. “It now makes up about 5% of Vape sales and 7% of Concentrate sales and HaHa edibles was 4% of edibles sales in the State,” he added.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has reported its interim, unaudited third-quarter financials which showed the company had strong revenue and production thanks to its core assets in Colombia — the Tapir Block and the Oso Pardo Field – which provide the company with low-cost production and an inventory of low-risk exploration opportunities. For the period ended September 30, 2021, the Calgary, Alberta-based high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, reported average production of 575 barrels of oil equivalent per day (boe/d), an increase of 244 boe/d, or 74%, compared to 2Q 2021 average corporate production of 331 boe/d. “The increase in production quarter-over-quarter was largely attributable to a full quarter of production following the re-start of the company's Oso Pardo field in late-2Q 2021, and its share of increased production from Ombu (Capella), both located in Colombia,” said Arrow in a statement. It also chalked up higher production to an increase in its share of natural gas production from certain Canadian assets.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc said it has entered into a revenue share agreement with Caddle, the largest mobile-first insights marketplace app in Canada. Under the partnership, Fobi said it will benefit by way of further advancing value in existing relationships and deliver potential new clients in the consumer packaged goods (CPG) and retail space while generating new product offerings for loyalty using Fobi’s mobile Wallet passes which complement Caddle’s suite of services. Fobi noted that Caddle currently has relationships with several Tier 1 CPG companies, including Unilever, Nestle, and PepsiCo (NASDAQ:PEP) as well as with Canada’s largest grocery chains and retailers such as Walmart, Loblaws, Sobeys, and Canadian Tire.
AEX Gold Inc (AIM:AEXG, TSX-V:AEX) said an engineering study focused on de-risking its flagship Nalunaq project in Greenland is on track for completion in the fourth quarter. The independent study is assessing Nalunaq’s cost and schedule after the project was put on hold in February 2021 due to unforeseen cost increases related to the COVID-19 pandemic. An update on Nalunaq and the company’s other operations were given alongside third-quarter results.
BioPorto (NASDAQ COPENHAG:BIOPOR) A/S, the diagnostics group, reported that one of its biomarker tests has been used in a research study on a potential treatment for seriously ill coronavirus (COVID-19) patients. Published research of the study carried out in Denmark showed that damage to major organs in COVID-19 patients hospitalized in intensive care units (ICU) could be significantly reduced if they are given the existing drug prostacyclin. "We have discovered that damage to the endothelial cells in the body's smallest vessel, the capillaries, can be early indicators of very serious conditions for COVID-19 patients," said Professor Pär I Johansson, who led the research. "In case of damage to the endothelial cells of the capillaries, micro-blood clots occur, which prevent the supply of oxygen and cause serious damage to the lungs, heart, liver and kidneys. That process seems to be slowed down by treatment with prostacyclin."
Mirasol Resources Ltd announced that drilling has begun at its Newcrest-partnered Gorbea gold project in Chile, with Newcrest planning to complete five reverse circulation drill holes for 2,500 metres (m) on the Atlas and El Dorado prospects. The company said drilling is now ongoing on three projects (Gorbea, Nord and Virginia), with a fourth (Sascha Marcelina) to be drill tested shortly, for a cumulative 6,500m to be drilled by the end of 2021. “We have made excellent progress on our self-funded and partnered projects and are off to a very strong start this field season,” Mirasol Resources president Tim Heenan said in a statement.
Algernon Pharmaceuticals Inc announced that it has received positive feedback from the U.S. Food and Drug Administration (FDA) on its investigation of NP-120 (Ifenprodil) for the treatment of small cell lung cancer (SCLC). Ifenprodil is an N-methyl-D-aspartate (NMDA) receptor antagonist specifically targeting the NMDA-type subunit 2B (GluN2B). The Vancouver, British Columbia-based company said that following the feedback, it is not planning to conduct any additional pre-clinical research and will immediately move to file an investigational new drug (IND) application to begin its Phase 1 SCLC study as soon as possible.
Star Royalties Ltd (TSX-V:STRR) has reported its 3Q result showing that the company generated just over $225,000 in revenue for the quarter. The Toronto-based royalty firm did not post any revenue during the comparable year-ago quarter. In a statement, CEO Alex Pernin told investors that the company’s Keysbrook royalty “continues to exceed” revenue expectations.
CytoDyn Inc has told investors that data from its trial treating non-alcoholic steatohepatitis (NASH) with its flagship drug leronlimab are “encouraging” and an “exciting step forward” in demonstrating the potential of the drug for inhibiting the liver fibrosis associated with NASH. The late-stage biotechnology company said the open-label NASH results continue to show reductions in fat and fibrosis suggestive of a potential therapy not only for non-alcoholic fatty liver deposit (NAFLD) but also in NASH. Leronlimab (350 mg) for weekly use was used for 14 weeks in the open-label arm of the NASH trial, producing fibrosis reduction as high as 93 milliseconds (msec) in the first 15 patients with an average reduction of 24 msec, it said.
Great Bear Resources (TSX-V:GBR) Ltd announced a new, high-grade gold discovery called the 'Midwest' zone at its flagship Dixie project in Red Lake as the firm also unveiled the latest drill assays from the LP fault zone, where it continues to hit "significant" gold mineralization. The new Midwest zone sits 275 metres (m) northwest of the Hinge zone and 250m south of the Dixie Limb zone and a hole showed 20.27 grams per ton (g/t) gold over 1.75m starting from a depth of 812.35m.The total mineralized interval was 5.69 g/t of the yellow metal over an intercept of 7.05m starting from 809.95m depth, noted Great Bear.
Jack Nathan Medical Corp, a provider of primary care medical clinics located in Walmart Supercentres under the Jack Nathan Health (JNH) brand in Canada and Mexico, has announced the acquisition of five medical clinics in British Columbia. The healthcare company said as a result of the acquisition, it will have 15 corporate-owned and operating medical clinics, seven of which are based in British Colombia, as part of 76 clinics JNH has across Canada. “This acquisition represents a major milestone for our company given that it strengthens our presence in British Columbia,” CEO and chief medical officer Dr Glenn Copeland said in a statement. “The acquired clinics offer synergistic opportunities and will significantly increase our annual revenue run-rate, resulting in improved bottom-line performance,” he added.
Cabral Gold Inc (TSX-V:CBR) has revealed new results from the MG deposit at its Cuiú Cuiú project that it says outlines a higher-grade gold zone within the target. The Vancouver-based explorer said that the recent set of 20 reverse circulation drill holes have increased the surface area of the gold-in-oxide blanket another 11% to 40 hectares. Assay results from the latest round of drilling include 46 meters (m) at 1.3 grams per ton (g/t) gold, 47m at 0.7 g/t gold, 48m at 0.5 g/t gold, 16m at 1.2 g/t gold, 20m at 0.8 g/t gold, and 14m at 0.9 g/t gold.
ImagineAR Inc said it will launch FameDays.com this holiday season to instantly deliver celebrity hologram greetings to any location in the world. FameDays.com is the next generation patented Metaverse e-greeting card focusing on virtual celebrations with celebrities, sports stars, entertainers, and influencers. The company said FameDays.com also is the first-ever celebrity hologram e-greeting platform in the world and is based upon the patented ImagineAR platform for global sports teams and brand clients delivering immersive AR consumer and fan engagements.
Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) has announced the success of the stripping program on its Victoria West Battery Metals system at its Surimeau District property in Quebec, where it exposed nickel, cobalt, copper, and zinc over approximately 275 meters (m) which was trenched. The Vancouver, British Columbia-based company said this was located between mineralized drill holes from its recently announced 2.2 kilometer (km) drilled strike length, with each of those holes intersecting battery metals. “We are quite happy with the visual and XRF results from the field, Victoria West is proving to be a very interesting site, currently stretching over approximately 5 kms, containing nickel and cobalt needed for energy storage, copper required to build EVs and zinc, a new addition to the US critical minerals list,” Renforth CEO Nicole Brewster said in a statement.
Global Energy Metals Corporation said it completed a program of rock and soil sampling as well as geological mapping at the Monument Peak copper-silver-gold project in Idaho. The company said the exploration program, conducted by Dahrouge Geological Consulting USA (DGC), included the collection of 557 soil samples and 13 rock samples along with geological reconnaissance. Global Energy Metals said rock samples ranged up to 5.61% copper (Cu), 175 grams per ton (g/t) silver (Ag), and 17.6 g/t gold (Au). The samples also returned an arithmetic average of 2.18% Cu, 63 g/t Ag, and 3.65 g/t Au.
Victory Resources Corp (CSE:VR, OTC:VRCFF) said it has filed the amendment to its permit to expand its drill program at the Smokey lithium clay property in Nevada, USA to 15 holes from four. "We are excited to accelerate our efforts and expand the drill program to 15 holes based on the learnings from the extensive exploration work done over the last 6 months, and the knowledge our exploration team has of the specific area," said Mark Ireton, CEO of the company in a statement. "The team is poised and ready to begin once the permitting process is complete." The firm has identified drill targets that will determine whether a relationship exists to the high Li zone on the adjacent Jindalee property.
LQwD Fintech Corp announced that it participated in the recent 'Adopting Bitcoin – A Lightning Summit' in El Salvador. The conference, which took place from November 16 to November 18, 2021. brought together a renowned group of industry experts in the Bitcoin and Lightning Network community to discuss the future of money and payments in the Central American republic and abroad. LQwD also announced that it continues to increase its Bitcoin holdings. To date, the company has spent a total of C$9.2 million to purchase 150 Bitcoins at an average cost of approximately C$61,000 (US$48,000) per Bitcoin. The purchase further strengthens LQwD's strategic growth initiative to accumulate Bitcoin as a reserve asset and as an operating asset, which underpins the company's proprietary multi-pronged, Lightning Network software platform (SaaS), lqwd.tech.
BTU Metals Corp said it has closed its previously-announced, non-brokered private placement financing consisting of 3.05 million company units, at a price of $0.09 each, for total gross proceeds of $274,500. The company noted that proceeds raised from the offering will be used for operations on the ground as well as general and administrative purposes as the company continues to drill high-grade gold targets on its Dixie Halo project located in Ontario’s Red Lake mining district, now at Heiwall and Rose Lakes, to be followed by Pakwash North and additional gold targets. Each unit of the offering is comprised of one BTU Metals common share plus one-half of one transferable common share purchase warrant, entitling the holder to acquire one common share of BTU at a price of $0.15 for a period of 18 months following the closing of the offering.
Mednow Inc (TSX-V:MNOW, OTCQB:MDNWF) told investors that it has closed a C$500,000 investment in Doko Medical Inc for a foothold in the US telemedicine and pharmacy services market. The investment was made through a convertible debenture, for a 2.8% equity interest in the virtual healthcare provider at a C$17.5 million pre-money valuation. “Mednow’s initial investment in Doko Medical aligns with our goals of providing exceptional quality service and discrete, fast and convenient support to patients through digital pharmacies,” CEO Karim Nassar said in a statement. “This investment initiates Mednow’s entry into the US telemedicine and pharmacy services in a prudent manner where we have the ability to benefit from the growing demands of these industries, with the option to increase our investment in the future," he added.
Ready Set Gold Corp has announced that its VP Exploration, Robert Middleton passed away on November 19, 2021, in Thunder Bay, Ontario at the age of 77. The company said it wished to extend its sincere condolences to his family, friends, and his many business associates. "We at Ready Set Gold, and our industry as a whole, have lost a giant in Bob Middleton," said Christian Scovenna, president & CEO of Ready Set Gold. "Though we only got to work with Bob on limited time his site visit to our project opened our eyes to possibilities only someone like Bob could have seen. We are all saddened by this great loss to our entire industry. Bob will be sorely missed. Many will follow in his footsteps, but few will fill his shoes." Middleton was a highly accomplished Geologist, Geophysicist, and Professional Engineer, registered in Ontario, with more than five decades of fieldwork, mine discoveries, and company building experience. Robert encompassed the formation of seven junior mining companies and set-up projects in 40 countries with the most recent project located in Namibia.
Therma Bright Inc (TSX-V:THRM, OTC:TBRIF) has announced the launch of its eCommerce site - https://www.benepod.com - just in time for the 2021 Holiday Season. The Benepod is a small hand-held, hot/cold contrast therapy device for relief of chronic pain and muscle soreness. The device was specifically designed for people seeking relief from chronic pain, including Osteoarthritis of the hands, lower back pain, chronic tendonitis conditions, chronic musculoskeletal pain, neuropathic pain, planter fasciitis, migraines and headaches, sciatica, carpal tunnel and fibromyalgia. "We're excited to launch the first of three new eCommerce websites for the 2021 Holiday Season," said Rob Fia, CEO of Therma Bright. "The Benepod is a great holiday gift for yourself, a family member or friend. If you seek relief from chronic pain, Benepod delivers." In the coming weeks, the company said it plans to launch two (2) more eCommerce sites, - one featuring the Venowave- a Deep Vein Thrombosis medical device that utilizes wave motion massage to prevent blood clots and the other featuring InterceptCS- a device that prevents cold sores before they appear.
GameSquare Esports Inc has announced that Justin Kenna, its CEO, and Kevin Wright, its president and chairman, will present at the CG 2021 Digital Gaming Summit on November 30, 2021. The company's presentation is scheduled to begin at 11:30 AM ET. The presentation will be webcast live and interested investors and shareholders can access more information through the conference's main website: https://www.canaccordgenuity.com/capital-markets/about-us/events/. "The United States, Canada, and Europe are important markets for our portfolio of companies and the US represents an attractive opportunity to expand our shareholder base amid strong interest in the rapidly growing esports industry," said Kenna. "Canaccord Genuity's cross-border expertise presents an attractive opportunity to showcase the GameSquare business model to US-based institutional and high net worth investors. The timing of the Conference coincides well with our expected listing and start of trading on the OTCQB in the very near-term with a view to commence the process of becoming a dual-listed company in Canada and the US in the medium-term. Speaking at the Conference also helps to increase awareness of the investment opportunity that exists for investors in the esports industry, and within GameSquare Esports."
GGX Gold Corp has provided an update on the impact of the heavy rains, flooding and mudslides experienced in British Columbia. To date, the flooding in British Columbia has had no material impact on the company's personnel, infrastructure and operations. GGX Gold said it would like to recognize the efforts of first responders, volunteers and contractors who have been working tirelessly to support the communities that have been affected. The company added that it will continue to support the health, safety and well-being of its employees, contractors and communities. The company also announced that it will not be proceeding with 360 Aviation Services Inc. for investor relations services as announced on September 23, 2021.
Edison Lithium Corp said that effective at the market opening on Thursday, November 25, 2021, its common shares under the new name of Edison Lithium will commence trading on the TSX Venture Exchange and the common shares of Edison Battery Metals Corp. will be delisted. The company's trading symbol, EDDY is unchanged.
Lumina Gold Corp (TSX-V:LUM, OTCQX:LMGDF) has announced the results of its annual general and special meeting of shareholders held on November 23, 2021, in Vancouver where Lumina's shareholders voted in favour of each of the matters considered at the Meeting, including: Electing each of Marshall Koval, Lyle Braaten, Donald Shumka, Michael Steinmann, Stephen Stow and Heye Daun as directors of the company to hold office for the ensuing year; appointing auditors for the ensuing year and authorizing the board of directors to set their remuneration; approving Lumina's 10% Rolling Stock Option Plan; and approving the creation of a new control person (Ross Beaty) by the disinterested shareholders. The approval of Ross Beaty as a new control person allows the company to complete the conversion of the remaining principal and interest on the existing credit facility. The amount, C$665,282 will be converted at C$0.60 per share. This conversion will take Beaty's total holdings to 75,846,639 shares or 20.15% ownership of the company. The shares issued under the debt settlement will be subject to a statutory hold period of four months and one day following the issuance date. The Debt Settlement is subject to the approval of the TSX Venture Exchange. The company has also granted incentive stock options under the company's stock option plan to certain directors, officers, employees and consultants of the company to purchase up to an aggregate of 6,000,000 common shares. The options are exercisable at a price of $0.58 per share and will expire on November 23, 2026. 5,875,000 of the options will vest in three equal parts over the first two years after grant and 125,000 options will vest in four equal parts over the first two years after grant. Additionally, the company has renewed its agreement with First Globe Capital International Inc that was announced on December 30, 2016, for an additional 12 months. First Globe provides institutional fundraising and advisory services to its clients.
Cypress Development Corp (TSX-V:CYP, OTCQB:CYDVF) said it has granted an aggregate of 1,945,000 incentive stock options to officers, directors, consultants and employees of the company. The options vest over variable periods up to three years and are exercisable at $2.26 per share, being the five-day volume-weighted average price. The options are valid for variable periods up to five years from the date of grant. The options have been granted under and are governed by the terms of the company's long-term incentive plan, and are subject to the policies of the TSX Venture Exchange.
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has said it will host an investor webinar on Monday, November 29, 2021, at 1.00pm EST / 10.00am PST to discuss the company's latest acquisition of American Affiliate, a leading US gambling media and customer acquisition company. Scott Burton, chief executive officer of FansUnite, Darius Eghdami, president of FansUnite, and senior executives of American Affiliate's management team including Chris Grove, Sean Hurley, Jai Maw and Jeremy Jakary will present during the webinar. The presentation will be followed by a Q&A session during which both the FansUnite and American Affiliate management teams will answer investor questions. To submit any questions, investors can email to ir@fansunite.com before or during the event. Webinar registration link: https://us02web.zoom.us/webinar/register/WN_79sLLGvjTmm9x8JuPs681w. A presentation outlining the transaction can be found at https://www.fansunite.com/press/american-affliate-acquisition
RedHill Biopharma Ltd (NASDAQ:RDHL) has announced that it will report its third-quarter 2021 financial results and operational highlights on Tuesday, November 30, 2021. The company will host a webcast on Tuesday, November 30, 2021, at 8.30am EST, during which it will present key highlights for the third quarter of 2021. The webcast including slides will be broadcast live on the company's website, https://ir.redhillbio.com/events, and will be available for replay for 30 days. To participate in the conference call, investors can dial one of the following numbers 15 minutes prior to the start of the call: United States +1-877-870-9135; International +1-646-741-3167 and Israel +972-3-530-8845; the access code for the call is: 9753927.
Magna Mining Inc (TSX-V:NICU) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on September 29, 2021, and October 22, 2021, which will see the issue of 6,996,700 flow-through common shares at a purchase price of 45 cents each with nine placees.
Aurion Resources (TSX-V:AU) Ltd said the TSX Venture Exchange has accepted for filing documentation pertaining to an amending agreement effective October 28, 2021, in regard to a purchase agreement dated May 23, 2014, as amended by amending agreements dated March 3, 2015, and May 13, 2020, between the company and Dragon Mining (ASX:DRA) Oy, a subsidiary of Dragon Mining (ASX:DRA) Ltd. The amending agreement amends certain provisions of the purchase agreement to remove the encumbrances from the Silaskaira tenement, which is the subject tenement. The material encumbrances consist of a 3% net smelter return (NSR) royalty from Dragon and the obligation to make certain contingent cash bonus payments. In consideration of the amendments, the company will issue 130,000 common shares to Dragon at the closing, which is no more than five business days following the acceptance of the amendment agreement by the TSX Venture Exchange.
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Los Andes Copper Ltd (TSX-V:LA), a development company with a 100% interest in a large open pit copper project in Chile, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. R. Michael Jones CEO of Los Andes Copper commented: "We are pleased to begin trading on the OTCQX Market as we advance our copper project towards pre-feasibility. Copper is of interest to investors as a result of the growing trend to electricfication. We plan to increase the Company's profile with investors as we advance the technical parts of our copper mine."