Railtown AI Technologies Inc announced that it has been accepted into both the Microsoft Partner Network and the Microsoft for Startups Program. The Burnaby, British Columbia-based company said the Microsoft Partner Network will expose its application to over 90,000 Microsoft Partners in the network, making the company's solution available to many prospective customers and resellers. Railtown noted that Microsoft Partners receive resources to build innovative solutions and help connect with customers. With access to a broad range of products and services, partners are empowered to build and deliver solutions that can address any customer scenario.
Altaley Mining Corporation (TSX-V:ATLY) said it has executed a loan agreement whereby Sail Natural Resources LP will provide a US$5 million loan facility to Altaley. The company noted that proceeds from the loan facility will be used to fund the final costs of construction and working capital at Altaley's Tahuehueto gold mine project in Mexico.
Mindset Pharma Inc (CSE:MSET, OTCQB:MSSTF) said it has filed an international patent application covering its Family 3 novel psychedelic compounds. The company’s Family 3 consists of certain compounds that have demonstrated half-lives extending well beyond those exhibited by comparable classical psychedelic drugs with no significant reduction in binding affinity at the serotonin 5-HT2A receptor. “Our family 3 compounds are substantially differentiated from the other families that we are pursuing in that we believe they may demonstrate pro-cognitive benefits at doses without hallucinogenic liability. This paired with their longer half-lives makes them interesting drug candidates for treating more fragile population groups such as children or geriatric patients where the psychedelic effect is likely undesirable,” said Mindset chief scientific officer Joseph Araujo in a statement.
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) CEO Scott Burton has told shareholders that the firm plans to achieve several “key objectives” in the coming year by expanding into new regulated betting jurisdictions and delivering its business-to-business (B2B) technology platform to more clients. FansUnite is a sports and entertainment company, focused on its technology related to online sports betting and related products. It provides technological solutions and services in the global gaming and entertainment industries. In a letter to shareholders, Burton called 2021 a “transformative year” that saw the firm start the legal and compliance process to enter the US market by partnering with OneComply, a compliance and licensing solutions provider, and acquiring American Affiliate, a top US betting affiliate company.
NorthWest Copper (TSX-V:NWST) Corp has announced that it is consolidating its ownership of the Kwanika copper-gold project in British Columbia. The company will purchase all of joint venture partner POSCO International Corporation’s (POSCO) 31% remaining interest in Kwanika Copper Corporation (KCC) for a total consideration of C$11 million, payable in NorthWest shares. KCC is a joint venture corporation co-owned by NorthWest and POSCO.
Harbor Custom Development Inc said it has entered into a contract with JIBA Family LP and Bayonet Point Holdings LLC for the purchase of 60 acres in Hudson, Florida for $7.4 million. The company said the 60-acre parcel is a 35-minute commute to downtown Tampa Bay with a metro area population of more than three million residents. The property will support about 325 rental units, has freeway visibility, and can be accessed from Highway 52 and US 19 with a traffic count of some 62,000 cars a day. Future multi-family apartment tenants will have immediate access to outdoor recreation at the adjacent Werner-Boyce State Park.
Boosh Plant-Based Brands Inc (CSE:VEGI, OTC:VGGIF) has said it will be introducing three new dishes in the first quarter of 2022. The company said two new frozen entrees include a convenient heat and eat Boosh Breakfast Bowl and Buddha Bowl. Ingredients for the breakfast bowl include potato vegetable hash, vegan sausage crumble, and scrambled tofu "eggs". The Buddha Bowl ingredients include its proprietary non-GMO organic rice blend with a miso tahini sauce, a variety of fresh and roasted veggies, fresh edamame, and lupin bean grits.
Stuhini Exploration Ltd (TSX-V:STU) said it has renewed its option on the Ruby Creek molybdenum property, giving it the right to acquire 100% of the project. The project is under option with Global Drilling Solutions Inc. Vancouver-based Stuhini said that its decision to renew the agreement on its second anniversary was based upon positive geological results from exploration work throughout 2021 and rising molybdenum prices over the last 17 months. Under the agreement, Stuhini can earn a 100% interest in Ruby Creek by issuing up to 7.3 million shares and making cash payments of up to $1.06 million over a four-year term.
Melkior Resources Inc said it has closed a non-brokered flow-through private placement for gross proceeds of C$840,000, subject to final TSX Venture Exchange (TSXV) approval. The company said proceeds of the private placement will be used to conduct further exploration on its mineral properties. Melkior noted that $640,000 of the financing was provided by two directors of the company. In a statement, Jonathon Deluce, CEO of Melkior commented: “We are excited to close this financing as it puts the Company in a great position to consider potential acquisitions. With almost $3 million in our treasury and only 24 million shares outstanding, we look forward to continuing due diligence on various Projects with our goal of bringing in a new Melkior lead flagship asset ahead of the gold bull market resumption. We also look forward to announcing results from the current 3,700-meter drill program underway at Carscallen in the new year.”
Great Panther Mining Ltd has announced the resignation of David Garofalo as a director and chair of its board of directors effective immediately in order to focus on other business commitments. Alan Hair, an independent director of Great Panther, has been appointed as the new chair of the company, it added. "On behalf of the Board, I would like to thank David for his leadership and service to the Company." said Rob Henderson, president & CEO of Great Panther in a statement. "I am pleased to welcome Alan Hair as our new Chair of the Board. He has served on the Board since April 2020 and will continue to provide valuable operations stewardship," he added.
Bam Resources Corp said it has closed an oversubscribed non-brokered private placement financing for total gross proceeds of $3,262,099.75. The company said it will use the proceeds from the placement towards exploration on its Majuba Hill Property and general working capital. Under the placement, Bam said it has allotted and issued 50,186,150 units at a price of $0.065 per unit. Each unit is comprised of one common share and one transferable warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 36 months at a price of $0.09 per share, subject to accelerated expiry.
Lifeist Wellness Inc has announced the issuance of long-term incentives in favour of directors, officers, and a former director of the company. To that end, the company's board approved on Friday, December 24, 2021, effective after market close, the grant of an aggregate of 229,220 stock options to officers of the company, which are exercisable into common shares at a price of $0.075 per common share, in accordance with the rules of the TSX Venture Exchange and the company’s Stock Option Plan. The stock options granted to officers have a term of four years, vest in equal tranches every six months over three years from the grant date, and expire on December 23, 2025. In addition, at the same time, the board approved the grant of an aggregate of 1,375,884 restricted share unit awards (RSUs) in favour of officers, non-employee directors and a former director of the of the company thereby reserving 1,375,884 commons shares for issuance in accordance with the rules of the TSX Venture Exchange and the company’s Restricted Share Unit Plan adopted by the shareholders at the company’s 2020 AGM. 1,146,664 RSUs granted to non-employee directors and a former director vest immediately as part of YE2021 director compensation and 229,220 RSUs granted to officers’ vest in equal tranches every six months over three years from the grant date.