FDCTech Inc has announced that it has signed a letter of intent to acquire an 80% equity interest in independent investment bank CIM Securities LLC. The company said the strategic acquisition aligned with its growth strategy through mergers and acquisitions, and the proposed acquisition would establish a US-based financial services company in FDCTech (OTCQB:FDCT)’s portfolio. According to FDCTech, CIM Securities received regulatory approval from the Securities Exchange Commission in August 2002 and it is licensed to conduct its business in 49 US states and territories.
The Good Shroom Co Inc announced that its Teonan instant beverage products are launching in all 71 Fresh Thyme Market locations in October. Fresh Thyme Market is a natural grocery retailer in the midwest United States, which Teonan targeted due to its health-conscious customer base. With the addition of Fresh Thyme Market, Teonan is now selling in around 200 grocery retail locations.
Todos Medical Ltd reported positive results in the use of the medication Paxlovid and dietary supplement Tollovid in the treatment of a patient with long COVID. Comprehensive medical diagnostics and related solutions company Todos Medical announced its majority-owned joint venture 3CL Pharma Ltd is reporting the advance copy of a case study number eight titled "A Case Review: Effects of 3CL Protease Inhibitors Paxlovid and Tollovid in a Patient with Chronic Long COVID" by Dr Lee Morgentaler and Andrew Blumenthal. The study focused on a patient who was experiencing symptoms of post-acute sequelae of COVID (long COVID) for 27 months and experienced benefits with a five-day course of Paxlovid treatment followed by over 30 days of supplementation with 3CL protease inhibitor immune support dietary supplement Tollovid.
American Manganese Inc, doing business as RecycLiCo Battery Materials, announced that shareholders at its annual general meeting re-elected Larry Reaugh, Andris Kikauka, Edward Skoda, Paul Hildebrand and Zarko Meseldzija as directors. DeVisser Gray, Chartered Accountants were reappointed as auditors. Norman Tribe, who did not stand for re-election at the meeting, had served as a director since 2014. Also, a special resolution was passed resolving that the name of the company be changed to "Recyclico Battery Materials Inc,” subject to the approval of the TSX Venture Exchange.
CULT Food Science Corp said it has signed a letter of intent (LOI) with Food Revolution Media Inc (FRM) for a share-based transaction that will see FRM becoming CULT’s wholly-owned subsidiary. FRM’s principal business is the publishing of news, interviews and editorials on its wholly-owned and administered online domain as well as through its social media accounts, with specific emphasis on early-stage growth companies in the plant-based and cell-based foods sectors, the Vancouver-based company noted. "Entering into this LOI with the intention to acquire FRM marks a strategic evolution for CULT Food Science as we aim to further harness the power of social media to advance the important messaging around cellular agriculture during these inflationary times with respect to food prices,” CULT president Lejjy Gafour said in a statement.
Plurilock Security Inc said it has commenced a non-brokered private placement of convertible debenture units at $1,000 each for total gross proceeds of up to C$2.5 million and has given an update on its acquisition pipeline. The net proceeds received by the company from the offering will be used for its acquisition pipeline and for general corporate purposes. Plurilock said it intends to complete several accretive acquisitions that generate cash flow, improve gross margins and provide the opportunity for unlocking revenue and cost synergies while bolstering its zero-trust technology portfolio. “Our goals are to accelerate our revenue growth, enhance our gross margins and strengthen our zero-trust technology infrastructure, and enhance our footprint geographically,” said Ian L. Paterson, CEO of Plurilock in a statement.
Gevo Inc has announced a new fuel sales agreement with American Airlines Inc for the sale of 100 million gallons of sustainable aviation fuel (SAF) per year for a five-year period, from its future commercial operations. Delivery under the agreement is expected to begin in 2026 and Gevo estimates that it should generate approximately $2.75 billion of revenue over the five-year term, inclusive of the value of environmental benefits. The agreement with American Airlines is the single, largest fuel sales agreement ever entered into by Gevo with a customer.
Versus Systems Inc said it has signed its first contract in the Over-the-Top (OTT) streaming media and TV vertical. The contract, the company’s first long-term foray into television and streaming media, is a multi-year agreement. It includes adding interactive and second-screen elements to shows and content connected to a new sports team-focused OTT channel that will launch in the fourth quarter of 2022. "Television is the future of Versus Systems. Over the next two years, beginning with this OTT partnership that will launch in Q4, we're going to bring our patented fan engagement software to the multi-hundred billion dollar AVOD and SVOD television verticals,” Matthew Pierce, founder and CEO of Versus Systems said in a statement.
American Resources Corporation revealed that it has started initial production ahead of schedule at its greenfield Carnegie 2 metallurgical carbon operation in Pike County, Kentucky. The Fishers, Indiana-based supplier of raw materials to the rapidly growing global infrastructure market said after the mine’s initial production, it will increase the output at Carnegie 2 over the next several months to maximize production, revenue, and cash flow. In a statement, American Resources CEO Mark Jensen said: “We are proud of our team, led by Tarlis Thompson, to get the Carnegie 2 mine into production ahead of schedule and within budget. Supply chain issues and inflationary pressures continue to present challenges for many industries, however, our extensive asset base and the efforts of our team have enabled us to utilize internal resources to get this mine into a great position to produce.”
Royal Helium Ltd and Imperial Helium Corp have announced the closing of the deal that will see Royal acquire Imperial. Royal has acquired all of the issued and outstanding common shares in the capital of Imperial in exchange for common shares in the capital of Royal on the basis of 0.614 of a Royal share for each Imperial common share. The arrangement was approved at the special meeting of Imperial shareholders held on July 12, and by the Supreme Court of British Columbia on July 15, 2022.
Goldshore Resources Inc said the TSX Venture Exchange has accepted for filing an option agreement dated July 5, 2022, between the company and Thunder Gold Corp., formerly White Metal Resources Corp. Under the terms of the agreement, the company may acquire property interests in the Iris Lake and Vanguard projects in Northwestern Ontario. By way of consideration, the company will make cash payments totalling $110,000 over three years, will make exploration or other work commitment cash payments of not less than $1.65 million over three years, and will issue a total of 1.5 million shares over three years. The deemed price was 27 cents per share on closing. The property is subject to a 4% net smelter return (NSR) royalty in favour of five arm's-length parties
Arrow Exploration Corp has announced that further to the announcement of Canaccord Genuity Limited as its Nominated Adviser on 28 April 2022, Canaccord has confirmed that it has completed satisfactorily its due diligence. Accordingly, a Nominated Adviser Declaration has been submitted to AIM in accordance with the AIM Rules.
Ortho Regenerative Technologies Inc has announced the voting results from its Annual General and Special Meeting of Shareholders held via videoconference on July 21, 2022, which saw the seven nominees all elected as directors of the company, Ernst & Young appointed as auditor of the company to hold office until the next annual meeting, and the board of directors was authorized to fix the auditor's remuneration. The special resolution authorizing the amendment of the articles of incorporation to change the name of the corporation was also approved, as was the amendment of the equity incentive plan from a rolling 5% plan to a fixed 10% plan was approved by a majority of votes from disinterested shareholders, and the existing 10% rolling share option plan of the corporation was re-approved for the ensuing year.
Clean Air Metals Inc announced that as part of its commitment toward economic reconciliation with Indigenous communities, an Implementation Committee consisting of members of all three partner First Nations - Fort William First Nation (FWFN), Biinjitiwaabik Zaaging Anishinaabek (BZA) and Red Rock Indian Band (RRIB) - will receive advance notification from the company of upcoming contracts and advise of Indigenous-owned businesses and suppliers that can meet Clean Air Metals requirements. To this end, Clean Air Metals has retained the services of companies that have Indigenous ownership or partnerships: Englobe Corp (partnered with FWFN), Warrior Engineering/ North Rock Environmental (Indigenous owned), Oshki-Aki LP (FWFN owned), TBT Engineering (partnered with FWFN, RRIB and BZA) and Woodland Heritage archaeology services (Metis Nation of Ontario -affiliated Metis owned). These entities will complete various environmental, hydrogeological studies and survey work related to baseline data collection and future anticipated mine permit applications. The company also reminded its shareholders that its Annual General Meeting will be held on July 27, 2022, at 9:00am ET. The AGM will be held virtually and will include a corporate update and Q&A session, following the formal business. Registered shareholders and duly appointed proxyholders can attend the AGM online at https://momentum.adobeconnect.com/cleanair/ or via dial-in at (+1) 416-764-8646 (Local - Toronto) and (+1) 888-396-8049 (Toll Free - North America).
Great Panther Mining Limited has announced that, further to its news release dated July 11, 2022, the company's common shares have been consolidated at a ratio of 10 pre-consolidation to one post-consolidation common share and will begin trading on a post-consolidation basis on the Toronto Stock Exchange and NYSE American at market open on July 25, 2022. As a result of the consolidation, the company now has 47,137,066 common shares issued and outstanding. All outstandcog incentive stock options granted under the company's amended and restated omnibus incentive plan will be adjusted in accordance with their terms to increase their exercise price by a factor of 10 and to reduce the number of common shares issued upon exercise by dividing by 10. Appropriate adjustments to reflect the consolidation will also be made to outstanding deferred share units, restricted share units and performance share units granted under the incentive plan.
Gratomic Inc said the TSX Venture Exchange has consented to the extension in the expiry date of the following warrants: (a) 354,605; (b) 58,100; (c) 102,500; (d) 186,285; (e) 286,392; Original expiry date of warrants: (a) July 26, 2022; (b) July 27, 2022; (c) August 8, 2022; (d) August 14, 2022; (e) Sept. 2, 2022; New expiry date of warrants: (a) July 26, 2023; (b) July 27, 2023; (c) August 8, 2023; (d) August 14, 2023; (e) Sept. 2, 2023; exercise price unchanged at $1.45. These warrants were issued pursuant to a private placement of 3,951,541 common shares with 987,882 share purchase warrants attached, which was accepted for filing by the exchange effective March 15, 2022.