Golden Shield Resources Inc announced that further to the disclosure in Golden Shield's listing statement dated February 11, 2022, an option agreement was entered into with Romanex Guyana Exploration Ltd. by a wholly-owned subsidiary of Golden Shield. Pursuant to the option agreement, Romanex will be issued 1,212,074 common shares in the authorized share structure of Golden Shield at a deemed value of $0.716 each, which is equal to the volume-weighted average price of the common shares of Golden Shield for the first five days of trading on Canadian Securities Exchange. The shares will be subject to a four-month plus one day hold.
Minto Metals Corp (TSX-V:MNTO) announced that its board of directors have approved the grant 1,656,380 stock options and 266,153 restricted share units (RSUs) to the senior leadership team and executive officers of the company under its long-term incentive program. The options and RSUs were granted pursuant to the company's long term incentive plan and are subject to the terms of the applicable award agreements and the requirements of the TSX Venture Exchange. The options are each exercisable to acquire one common share of the company at a price of $2.34 per share for a period of five years from the date of grant. The RSUs will be issued at a deemed price of $2.34 per share. The options and RSUs will vest in three annual installments on each of the first, second and third anniversaries of the grant date.
Gungnir Resources Inc has announced an agreement under which Altius Minerals Corporation (TSX:ALS) will acquire 6,250,000 Gungnir units, at a price of $0.12 per unit, for total gross proceeds of C$750,000. Each unit of the equity offering will consist of one Gungnir common share plus one common share purchase warrant, with each warrant entitling the holder to acquire one company common share at a price of $0.18 per share for a period of 24 months from the closing. Altius' investment forms part of a larger non-brokered private placement to raise gross proceeds of up to C$1.4 million through the issuance of up to 11,666,667 company units. Gungnir said net proceeds of the offering will be used to continue the exploration program, inclusive of drilling, at its 100% owned projects in Sweden, concentrating on the company's nickel resources, as well as for general corporate purposes.
Canaccord Genuity (TSX:CF, LSE:CF) said it is maintaining a ‘Buy’ rating and C$48 price target on Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) after the gold producer said profits jumped 79% in 2021 on record production. “Overall, we see the results as largely neutral given that production and preliminary costs previously released,” the Canaccord analysts said in a note to clients. Endeavour saw its adjusted net earnings grow to US$577 million from US$323 million in 2020 as revenue from continuing operations almost doubled to US$2.8 billion. Revenue was boosted by the acquisition of the Wahgnion and Sabodala-Massawa mines, which contributed a total US$926 million, and the inclusion of the Boungou and Mana mines for the full year.
CareRx Corporation (TSX:CRRX) has posted fourth-quarter results that saw its revenue jump 109% year-on-year, driven by strong contributions from its acquisitions, and organic growth. For the period ended December 31, 2021, the Toronto-based provider of pharmacy services to senior living communities, reported revenue of C$96.9 million, compared to C$46.4 million in the fourth quarter of 2020. Excluding $1.1 million in non-recurring costs, the company logged C$8.7 million in adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization for the quarter. "The fourth quarter was a strong finish to an exceptional year that saw our bed count and revenue double as a result of the successful execution of our growth strategy," CareRx CEO David Murphy said in a statement. "We made considerable progress on the integration of the MPGL LTC Pharmacy Business, acquired in August, such that we are on track to substantially complete the integration projects by the end of the third quarter this year, and remain firmly on track to realize $5 million of annualized costs savings synergies," he added.
Looking Glass Labs (LGL) said it achieved C$6.8 million in total revenues and C$2.27 million in total comprehensive income for the first half of its 2022 fiscal year. “On behalf of the officers and directors of the company, I would like to thank our employees, consultants, advisors and the NFT community for their contributions to our strong first half of the fiscal year," Dorian Banks, CEO of LGL, said in a statement. “The second fiscal quarter of 2022 also contained our most significant milestone to date as we became a public issuer listed on the NEO Exchange on February 3, 2022,” he added.
Idaho Champion (CSE:ITKO, OTCQB:GLDRF) Gold Mines Canada Inc has posted more drill results from last year's program at its flagship Champagne gold project, which continue to suggest the potential for a porphyry copper or molybdenum deposit at depth. All five of the latest holes from the asset in Butte county, Idaho returned highly anomalous intervals of silver, zinc, copper, molybdenum and lead, suggesting the presence of a large zoned polymetallic system. "Champion's 2021 drilling strategy at Champagne was built around drilling "fences" starting on the west end of the property and working our way east to test the geology and structure associated with the large anomaly that we identified in 2020," explained Jonathan Buick, Idaho Champion (CSE:ITKO, OTCQB:GLDRF) CEO, in a statement.
Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) Inc has announced second-quarter 2022 revenue of C$1,660,158, as the firm said it has transitioned from an investment issuer to a single-purpose company focused on consolidating medical clinics and becoming a North American leader in mental health treatments. Wellbeing Digital noted it is building the critical infrastructure needed to provide breakthrough and life-changing mental wellness treatments, having acquired 15 ketamine-enhanced treatment clinics across North America with letters of intent signed for an additional clinic. “The second quarter of fiscal 2022 marked our first financial period as Wellbeing Digital, which began an exciting new chapter for the company,” Wellbeing Digital interim CEO Adam Deffett said in a statement.
Trees Corporation (NEO:TREE.AQN) has announced that veteran finance and accounting executive Lisa Dea has been appointed to its board of directors with immediate effect. "We are thrilled to welcome Lisa to the Board as an independent director,” said Jeffrey Holmgren, president and CFO of Trees, in a statement. “Lisa's financial and operational background, coupled with her many years of executive experience serving Canadian public companies, will be an invaluable addition to Trees as we work towards the achievement of our growth plans." Dea, a CPA and CA, has 25 years of experience in the finance, securities, and accounting fields, the company said.
Plurilock Security Inc said the TSX Venture Exchange has accepted for filing a share purchase agreement dated March 4, 2022, between Plurilock and Integra Networks Corp, whereby the company will acquire all of the issued and outstanding shares of the vendor. Consideration is $600,000 cash, 476,190 common shares and a possible further $400,000 of common shares, if milestones are met, issued at a deemed value of no less than 28.5 cents per share (maximum of 1,403,508 shares).
Lion Copper and Gold Corp (TSX-V:LEO, OTCQB:LCGMF) said the TSX Venture Exchange has accepted for filing an option agreement dated January 26, 2022, between Houston Minerals Ltd. (the optionor) and Lion Copper and Gold (the optionee), whereby the optionor will grant an exclusive option to the optionee to acquire a 100%undivided right, title and interest in and to the Chaco Bear and Ashton properties. The Chao Bear property is located east of the Golden Triangle in Northern British Columbia and the Ashton property is located near Lytton, British Columbia. There is a 2.5% net smelter return (NSR) royalty payable to the optionor, with the right to buy back a 1.5% NSR royalty with a cash payment of up to $18 million depending on whether the optionor files a qualifying technical report. The option is exercisable for a period of up to 10 years. Consideration payable to the optionor is an aggregate of 8 million common shares on closing, $200,000 in exploration work and a $2.5 million payment for the property during the term of the option, which may be payable in common shares at a deemed price no less than 8.25 cents per share. There are also annual advance royalty payments in the fifth through ninth years from closing in the amount of $400,000.
Lexagene Holdings Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced February 8, 2022, which will see the issue of 18.5 million shares at a purchase price of 35 cents per share, together with 18.5 million share purchase warrants with an exercise price of 45 cents for a three-year period with one placee.
Agra Ventures Ltd. (CSE:AGRA, OTC:AGFAF) said its board of directors has approved the issuance of 26,698 common shares at a deemed price of approximately $1.04 per share as payment of the portion of the quarterly amount of interest due in shares on a loan entered into in December of 2020. All shares issued will be subject to a minimum hold period of four months and one day from the date of issuance.
Pure Gold Mining Inc said its board of directors has approved the grant of an aggregate of 830,000 incentive stock options and 939,100 Restricted Share Units (RSUs) to certain employees pursuant to its Stock Option and RSU Plans. The stock options have an exercise price of $0.75 and have vesting periods over three years and expire after five years. The RSUs are payable in common shares of the Company on exercise, have a range of vesting periods over three years and must be redeemed within 30 days of March 17, 2025, or they expire.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) has announced a grant to certain directors, officers, employees and consultants of the company of 3,070,000 options to purchase up to an aggregate of 3,070,000 common shares of the company for a period of five years from March 17, 2022, at an exercise price of $0.495 per option share, being the closing price of the common shares of the company on the TSX Venture Exchange on March 16, 2022. The options will vest in three equal installments with one third vesting six months from the grant date, one third vesting 12 months from the Grant Date and the remaining third vesting 18 months from the grant date, all on the terms of the stock option plan of the company dated March 12, 2021, and in accordance with the policies of the Exchange. The grant is the first grant of options since the completion of the company's going public transaction in December 2020, and was implemented at the recommendation of the Compensation Committee of the company, following its retention of an independent third-party compensation advisor. Following the grant, a total of 5,057,538 options remain available for grant under the plan.
Biocept Inc (NASDAQ:BIOC) has announced that it will release financial results for the three and 12 months ended December 31, 2021, and will file its Annual Report on Form 10-K with the Securities and Exchange Commission (SEC) on Thursday, March 31, 2022. Management will not hold an investment community conference call with the reporting of 2021 fourth quarter and full-year financial results. Biocept plans to announce financial results for the three months ended March 30, 2022 in mid-May 2022. Management plans to hold an investment community conference call in conjunction with reporting first-quarter 2022 financial results in which it plans to unveil the company's rationalized business strategy including near-term milestones.
Magna Mining Inc (TSX-V:NICU) said it has filed on SEDAR an independent technical report titled "Shakespeare Project Feasibility Study Technical Report" in respect of its Shakespeare Nickel Project located 60 km south-west of Sudbury, Ontario. The technical report has been filed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. A copy of the technical report is available under the Company's profile page at www.sedar.com. The independent technical report is dated March 17, 2022, with an effective date of January 31, 2022, and was prepared by AGP Mining Consultants Inc.
OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that PLAY MAGNUS AS, a global leader in the chess industry with an ecosystem of innovative digital brands and services in the areas of eLearning and entertainment, has qualified to trade on the OTCQX Best Market and has 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. Andreas Thome, CEO of Play Magnus Group commented: "We are very excited to begin trading on OTCQX. Chess is very popular in the United States and is an important market for the growth of Play Magnus. We are glad that our shares are becoming more accessible and more investors can participate along our journey."