Great Panther Mining Limited, a gold and silver producer, announced that all proposed resolutions were passed at its annual general meeting held virutally on Wednesday. Shareholders voted in favor of directors Trudy Curran, Joseph Gallucci, Alan Hair, John Jennings, Elise Rees, Kevin Ross and Dana Williams. They also voted to keep the number of directors at seven, to appoint KPMG LLP as auditors and for a resolution authorizing the company to proceed with a share consolidation on terms to be determined by the board of directors.
FansUnite Entertainment Inc announced that before listing on the Toronto Stock Exchange on July 5, its stock will be delisted from the Canadian Securities Exchange at the market close on July 4, at the company’s request. FansUnite’s common shares will continue to trade under the stock symbol FANS upon listing on TSX and under the symbol FUNFF on OTC markets in the US.
BioHarvest Sciences Inc said it has appointed experienced investment banking executive Gavriel Lambert to its board of advisors with immediate effect. Lambert, who has held positions at Barclays, Solomon Smith Barney, JP Morgan and UBS Securities, has 27 years of experience covering the consumer and retail sectors, and he has worked on numerous IPOs, financings and M&A deals, noted BioHarvest. The appointment continues to demonstrate the company's resolve to "partner with top life science and cannabis companies", according to a statement.
Infield Minerals Corp said it is zeroing in on its drill-ready, high-grade gold-silver Desperado property in Nevada, where a 2021 geophysical survey has identified more than 40 anomalous IP trends. "The compelling targets that have come out of our work at Desperado over the past year make it the clear priority for our exploration focus in 2022 and we look forward to drill testing Desperado in the coming weeks,” Evandra Nakano, CEO of Infield, said in a statement. The decision to focus on Desperado comes as the Vancouver-based company announced the termination of its option agreement with Mercury Exploration Nevada Inc on the M1 property in Nevada.
NEO Battery Materials Ltd said its South Korean subsidiary, NBM Korea Company Limited (NBM Korea), has signed an agreement to receive a strategic investment of 3 billion South Korean won (C$3 million) from Automobile & PCB Inc. (A&P) for a 40% stake. The Vancouver-based company said the proceeds from the Series A financing will be used to optimize commercialization efforts and to advance the first phase of the Korean silicon anode mass production facility for EV lithium-ion batteries. The investment is scheduled to close by July 1, 2022, added the firm. NEO noted that on the back of the strategic memorandum of understanding (MoU) with A&P on June 8, 2022, NBM Korea has “successfully secured a strategic investment and collaboration opportunity” after holding positive discussions and instituting a strict due diligence process.
BioSig Technologies Inc has earned a reiterated ‘Outperform’ rating and $4 price target from analysts at Noble Capital days after pricing a public offering that generated proceeds of $2.9 million. The offering was “[a] bit unexpected, timing-wise, but supports PURE EP commercialization,” the firm wrote. “...While we expected funding needs in the third quarter, we are bit surprised the company raised funds now. That said, BioSig is ramping up commercial activities as they shift to a national strategy.”
Oragin Foods Inc has said its first-quarter results were impacted by significant renovations at one of the food company’s older retail store locations, which are expected to bring long-term benefits through improved customer experience and operational efficiencies. Sales in the quarter ended April 30, 2022, fell to $5.7 million from $7.0 million in the same period last year, with net losses narrowing to $650,278 from $907,013. The company, which changed its name from Organic Garage to Oragin Food in February this year, said sales were “significantly impacted” by Organic Garage's renovation to one of its older retail store locations as well as changes to government COVID-19 lockdown policies. The impact of the renovations on net losses was offset by a reduction in store wages and benefits, professional fees, and costs savings related to the phasing out of warehouse operations.
Great Panther Mining Limited said it has entered into an agreement to sell its Mexican subsidiary Minera Mexicana El Rosario SA de CV (MMR) to Guanajuato Silver Company Ltd (GSilver) for an upfront consideration of $14.7 million and up to $2 million in additional payments. The Mexican subsidiary holds the Guanajuato mine complex, the Topia mine, and the El Horcon and Santa Rosa projects, all located in Mexico. "The sale of the company's silver mines in Mexico will allow us to focus on maximizing the full potential of the Tucano gold mine in Brazil and complete the pivot to gold started by the company in 2019,” Alan Hair, chair and interim CEO, said in a statement.
Guardforce AI Co Ltd has announced a collaboration with Hong Kong Industrial Artificial Intelligence and Robotics Centre Limited (FLAIR) to develop Robotics-as-a-Service (RaaS) solutions and artificial intelligence (AI) cloud platforms worldwide. "Collaborating with FLAIR is an important milestone in establishing a first-class R&D center based in Hong Kong,” Olivia Wang, CEO of Guardforce AI said in a statement. “Within the past 24 months, we have been rapidly expanding our RaaS platform from one market to ten markets, including Hong Kong, Macau, Thailand, Singapore, Malaysia, China, Dubai, Australia, Japan, and the US, to meet the growing needs of our clients and partners.
Skye Bioscience inc said it has received regulatory approval to begin its first-in-human Phase 1 clinical study of SBI-100 Ophthalmic Emulsion, a patented drug representing a new class of therapeutics to potentially treat glaucoma, from the Australian Human Research Ethics Committee (HREC). The company said the primary endpoints for this randomized, double-masked, placebo-controlled Phase 1 study of SBI-100 OE are an assessment of safety and tolerability of the drug in healthy volunteers while the secondary endpoint is an assessment of pharmacokinetics. The study will also measure changes in intraocular pressure, the company said, adding that a total of 48 subjects will be administered SBI-100 OE or placebo in single ascending dose and multiple ascending dose arms. Preliminary top-line data is expected in Q4 and final data in Q1 of 2023.
O3 Mining Inc said it has posted encouraging drill results from the Camflo extension deposit at the company's Marban project in Val-d'Or, Quebec. In all, 6,338 metres (m) were sunk in two holes and three wedges on the extension as part of the work, which tested the depth extensions of the historic Camflo deposit and additional high-grade zones. Camflo Mines first discovered the Camflo deposit in 1962 and the asset was in production from that year until 1992, generating 1.89 million ounces of gold grading 5.7 grams per tonne (g/t). That previous output came mainly from the Camflo Plug, which - at surface - is outside O3 Mining's claims, but the extension of the plug and the mine below 800 vertical metres is within the Marban project.
Regency Silver Corp announced that drilling has begun at its flagship Dios Padre silver property in Mexico. The silver and gold exploration company said the 2,000 metre (m) drill program is designed to test a large induced polarization (IP) anomaly only 550m to the north of the existing Dios Padre historical workings to determine whether it represents a significant continuation of the mineralization at Dios Padre. “We are hopeful that this drill program will assist in unlocking the potential of Dios Padre,” Regency Silver executive chairman Bruce Bragagnolo said in a statement.
BioLargo Inc has told investors that its engineering subsidiary has been hired by Seattle-based energy innovation firm Ultra Safe Nuclear to help produce the first prototype fuel production systems for the latter's revolutionary new Micro Modular Reactor (MMR). Ultra Safe Nuclear has invented a fourth-generation modular nuclear reactor, which can deliver safe, zero-carbon, cost-effective energy anywhere. The MMR uses ceramic-encapsulated nuclear fuel, namely fully ceramic micro-encapsulated (FCM), which is a stable fuel with extraordinary high temperature stability. BioLargo Engineering has been retained to provide engineering design support, fabrication, and integration for the prototype fuel production systems. It has been contracted for work in the range of a half million US dollars, to be completed over several months.
Avalon GloboCare Corp has announced a new study incorporating artificial intelligence (AI)-enhanced protein design technology that could accelerate development of therapeutic monoclonal antibodies to treat cancer. Developed by Avalon, the QTY code technology is a protein-design platform that can turn water-insoluble transmembrane receptor proteins into water-soluble proteins for use in clinical applications, including drug development. According to New Jersey-based Avalon, the research demonstrates a novel method for quickly predicting the design of hydrophilic variant structures of the 14 glucose transport membrane proteins in cells, which allows researchers to study the proteins more easily in water.
Snowline Gold Corp said it has encountered 415 metres (m) of nearly continuous mineralization downhole from bedrock surface in V-22-007 at its Rogue Project’s Valley Zone in Canada’s Yukon Territory. The presence of such a large and intense zone of mineralization in a significant step-out along trend highlights the scale potential of the Valley Zone, the gold exploration company said. "I've seen a lot of rocks and a lot of drill core from many intrusion-related gold systems, but these Valley intersections have the most intense vein densities I've ever seen. There are overprinting vein generations and varying vein orientations, which is unusual, and further indicates a very robust mineralizing system,” Snowline chair and director Craig Hart said in a statement.
KULR Technology Group Inc said it is teaming up with Taiwan’s E-One Moli Energy Corporation (Molicel) to boost its production and supply chain localization plans within North America. KULR, a developer of next-generation lithium-ion battery safety and thermal management technologies, said it had placed an initial order for over 75 megawatt hours of lithium-ion battery cell capacity from Molicel to design and build battery applications “with the highest safety ratings”, according to a company release. The partnership will advance KULR’s total battery safety and thermal management solutions strategy, the company told shareholders.
Cabral Gold Inc has provided investors with an update on the permitting process at its wholly-owned Cuiú Cuiú gold district in northern Brazil. The Vancouver-based junior resource company engaged in the exploration and development of gold properties in Brazil, said both preliminary (LP) and installation permits (LI) have been granted by the Para State Environmental Agency (SEMAS/PA) for two Trial Mining Licenses previously approved by the Brazilian Mining Agency (ANM). The LP and LI permits cover the key MG and Central deposits, as well as the Machichie and PDM discoveries, said the company. The receipt of both the LP and LI authorizes trial mining and the installation of all necessary infrastructure and equipment required for trial mining.
Bridgeline Digital Inc said its AI site search product Hawksearch has been chosen by SAGE Publishing to power its online stores, including Corwin Press. The company said Hawksearch would provide on-site search for SAGE’s global multi-site migration to Sitefinity, with BigCommernce powering its eCommerce stores. Hawksearch will index SAGE’s large product database, allowing users to search content from both Sitefinity and BigCommerce.
Ximen Mining Corp has said it is planning to conduct airborne magnetic and Lidar geophysical surveys at its Brett property near Vernon in southern British Columbia. The Brett epithermal gold property covers 20,000 hectares and 17 mineral occurrences 30 kilometers west of Vernon. Drilling at the project has been delayed due to the effects of last year's wildfire, the company said. The program for 2022 will now include a drone-based airborne magnetic survey and a helicopter Lidar survey, Ximen Mining said, noting that these are being done to provide base information for exploring extensions to the main and parallel zones.
Todos Medical Ltd has announced biomarker data from its majority-owned joint venture 3CL Pharma Ltd’s Phase 2 clinical trial of Tollovir in hospitalized coronavirus (COVID-19) patients, along with plans to expand its patient sample size. The data showed a positive correlation between the clinical data announced for Tollovir in January and biomarkers associated with acute phase immune response (IL-6), inflammation (C reactive protein), blood clotting (D-dimer) and immune response to Covid-19 (cPass neutralizing antibodies). “We are very pleased to have confirmed that all the key biomarker endpoints IL-6, CRP, D-Dimer and cPass neutralizing antibodies correlate with the improved clinical outcomes associated with Tollovir treatment,” 3CL Pharma co-founder Dorit Arad said in a statement.
PlantX Life Inc said it has recently marked the one-year anniversary of its Squamish brick-and-mortar location with an all-day celebration, including giveaways, free samples, live music, and a barbecue sponsored by plant-based food company, Future Farm. The provider of plant-based products said as part of the one-year anniversary celebration, the company invited local vegan companies (Sea Cider, Solfeggio, and Oat of the Ordinary) to hand out samples and discuss their product lines. “The event was a major success resulting in substantially increased business for our Squamish location on that date,” PlantX Life founder Sean Dollinger said in a statement.
MedX Health Corp has announced a non-brokered private placement of up to 80 Series III Convertible Loan Notes to raise up to $4 million. The company said each of the Series III Convertible Notes had a face value of $50,000 and would bear interest at 8% per year, payable half-yearly, and will mature on December 31, 2026. The notes may be converted into units at $0.07 per unit at any time until the maturity date.
Tocvan Ventures Corp has announced the closing of a private placement to an institutional investor to raise an aggregate amount of C$5.125 million. The company said the proceeds from the placement will be deposited with a third-party escrow agent and delivered to the company in monthly tranches over the next 24 months under the terms and conditions of a sharing agreement and an escrow agreement dated June 28, 2022, between the company, Sorbie Bornholm LP, and Orrick, Herrington & Sutcliffe (UK) LLP. The funds will go towards the advancement of the Pilar and El Picacho Au-Ag projects in Sonora, Mexico and for general working capital purposes, it added. Tocvan also announced the retirement of its CFO, Greg Ball as of July 1, 2022.
Doubleview Gold Corp said it has received TSX Venture Exchange conditional approval for the previously announced first tranche of its non-brokered flow-through (FT) and non-flow-through (NFT) private placement, and the issuance of 1,643,304 flow-through units and 100,000 non-flow-through units. The company may raise up to $5 million through the non-brokered private placement, consisting of FT and NFT units. Each FT unit, at a price of 30 cents, consists of one common share issued as a flow-through common share and one non-transferable share purchase warrant, with each whole warrant exercisable at 33 cents per share for a period of two years from the date of issue. Each NFT unit, at a price of 25 cents, consists of one common share and one non-transferable share purchase warrant, with each warrant exercisable at 31 cents per share for a period of two years from the date of issue. The proceeds of the financing will be used for exploration work on its projects, particularly for the Hat project, and general administration. The securities issued will be subject to restrictions on resale for four months and a day, under applicable Canadian securities laws and the rules of the TSX Venture Exchange.
LOVE Pharma Inc said it has completed a second closing of its previously announced non-brokered private placement. The company accepted subscriptions for 50,735,771 units at a price of $0.011 per unit, for gross proceeds of $558,093.50. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.05 for a period of two years from the date of closing, subject to the option of the company to accelerate the expiry date in the event that its shares trade at $0.15 or more for 10 consecutive days. Proceeds will be used for working capital and to review possible acquisitions. The company paid $32,655.48 in cash and issued 2,968,680 broker warrants on the same terms as noted above, to qualified finders. Securities issued under this tranche are subject to trading restrictions until October 30, 2022.
BioSig Technologies Inc has announced the closing and funding of its previously announced best efforts underwritten public offering with the sale of 4,341,667 shares of its common stock at a price to the public of $0.75 per share, for total gross proceeds of $3,256,250.25 before deducting the underwriting discounts and other estimated offering expenses. BioSig said it intends to use the net proceeds from the offering for the continuation of commercialization activities related to the PURE EP System, including additional support for organizational development, to fund working capital, and for general corporate purposes and other capital expenditures. Laidlaw & Company (UK) Ltd. acted as sole book-running manager for the offering. A final prospectus supplement and accompanying prospectus relating to the underwritten public offering have been filed with the SEC on June 28, 2022, and are available on the SEC's website at www.sec.gov.
FansUnite Entertainment Inc has announced that its common shares have been approved for listing on Toronto Stock Exchange (TSX) and will commence trading under its existing symbol FANS, effective at the market opening on Tuesday, July 5, 2022. Concurrent with listing on TSX, the common shares of the company will cease to trade on the Canadian Securities Exchange. Shareholders are not required to exchange their share certificates or take any other action in connection with the listing, as there will be no change in the trading symbol or CUSIP for the common shares. The company will continue to trade its common shares on the OTCQX market in the United States under the symbol FUNFF.
Falcon Gold Corp said the TSX Venture Exchange has accepted for filing the documentation relating to an agreement dated June 6, 2022, between the company and Wayne Holmstead (the vendor) under which it has agreed to purchase a 100% right, title and interest in and to mineral claims in Quebec. As consideration, the company shall issue 150,000 common shares and pay $12,000 to the vendor. The claims are subject to a 1% net smelter return (NSR) royalty that the company may repurchase for $300,000.
In a separate statement, Falcon Gold Corp said the TSX Venture Exchange has also accepted for filing the documentation relating to an agreement dated June 15, 2022, between the company and Jon Camilleri (the vendor) under which it has agreed to purchase a 100% right, title and interest in and to five mineral claims, located in Timmins in Ontario. As consideration, the company shall issue 100,000 common shares and pay $10,500 to the vendor. The claims are subject to a 1% net smelter return (NSR) royalty that the company may repurchase for $300,000.
Delta 9 Cannabis Inc has released the voting results on the election of directors from its 2022 annual general and special meeting of shareholders of the company. A total of 38,697,020 common shares of the company representing 33.39% of the 115,891,097 issued and outstanding shares were voted and shareholders approved all items of business before the meeting.
Water Tower Research said it has published an update note on Culp Inc via the following link:
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that Arena Minerals Inc has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol AMRZF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, announced that Mayfair Gold Corp, a Canadian mineral exploration has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol MFGCF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. Mayfair Goldprresident and CEO Patrick Evans said: "We are pleased to begin trading on the OTCQX Market, which will improve market information, transparency, liquidity and ease of trading in Mayfair Gold securities. Accessibility for investors in the United States to participate in our success at the Fenn-Gib gold project in Northeast Ontario is a priority for Mayfair Gold. We are nearing completion of an 80,000 meter infill and expansion drill program designed to increase the Fenn-Gib deposit beyond the current plus 2 million ounce indicated resource. Combined with the exceptional gold recovery results reported from recent metallurgical testing, this work program positions Fenn-Gib as one of the highest quality gold projects in Ontario."
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that G Mining Ventures Corp, a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol GMINF. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. "We are very pleased that our graduation to the OTCQX Best Market will provide enhanced visibility to US investors and help meet the significant interest from US-based investors in the growth of our company through successful project execution," commented Louis-Pierre Gignac, president and CEO of G Mining Ventures.