Royal Fox Gold Inc (TSX-V:FOXG) and Northern Superior Resources Inc have announced a deal whereby the former will be acquired for around C$17 million by the latter, further consolidating the exciting Chapais-Chibougamau mining district of Quebec. Royal Fox shareholders, under a plan of arrangement, will receive 0.12 of a Northern Superior share for every share they hold, representing an initial premium of around 33% on the Royal Fox share closing price on September 2 this year. There is also a maximum further consideration of 0.06 of a Northern Superior share if a resource of 2 million ounces of gold or more is declared in the measured, indicated or inferred categories at Royal Fox's Philibert project.
Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF, TSX-V:MUR.V) announced the conclusion of its three-phased summer exploration program on its Haut-Plateau de la Manicouagan (HPM) nickel-copper-cobalt project, in Quebec. The Burlington, Ontario-based exploration company said it "completed most of the planned work" during the three-phased exploration program which began in late April this year. As part of Phase I, an aerial geophysical survey kicked off at the end of April and was completed on August 12. It resulted in the identification of numerous highly prospective EM anomalies, indicative of potential nickel-copper-cobalt mineralization, and the company expanding the project area from 576 square kilometers (km2) to 648 km2.
Irwin Naturals Inc has reported that its Irwin Naturals Emergence chain of psychedelic mental-health clinics is set to expand with another site. The company has struck a binding deal to acquire, in cash and shares, all of the membership interests in Happier You LLC, which operates a ketamine clinic in central Ohio. Irwin Naturals Emergence has previously acquired ten different clinics across five US states — Florida, Vermont, New Hampshire, Iowa and Georgia.
PyroGenesis Canada Inc announced that Steve McCormick, its VP of corporate affairs, will be presenting at the HC Wainwright 24th Annual Global Investment Conference. The event is being held September 12-14 virtually and in-person at the Lotte New York Palace Hotel in New York City. McCormick is scheduled to present on at 3:30 pm ET on Monday, September 12. Management will also be participating in one-on-one meetings with qualified members of the investor community throughout the conference.
Sidus Space Inc (NASDAQ:SIDU) announced that it will participate virtually at the H.C. Wainwright 24th Annual Global Investment Conference, and its presentation will be available beginning at 7:00 a.m. ET on September 12, 2022. The on-demand webcast of the presentation may be accessed through this link and in the Investors section of the company's website at www.sidusspace.com. The webcast will be active via the links for 90 days. CEO Carol Craig will also conduct one-on-one meetings with investors during the conference.
Westwater Resources Inc (NYSE-A:WWR) announced its management will present at and participate in H.C. Wainwright's 24th Annual Global Investment Conference. Westwater's Executive Chairman Terence Cryan and CFO Steven Cates will present on September 14, 2022, at 8:30 AM Eastern Time. Management will also be available for one-on-one meetings on September 13, 2022, and September 14, 2022. A live audio webcast of the presentation will be available in the investor section of the Westwater Resources' website, www.westwaterresources.net, with an archived replay available for 90 days following the event.
FSD Pharma Inc (CSE:HUGE, NASDAQ:HUGE) revealed that it has received a study may proceed letter for its Investigational New Drug (IND) application from the US Food and Drug Administration (FDA) and notice of authorization from Health Canada for its Phase 2 clinical trial of FSD201. The Toronto-based biopharma firm said the corresponding study protocol is titled "A Randomized, Double-Blind Placebo Controlled Parallel Group Study of Safety and Efficacy of FSD201 in Patients with Chronic Widespread Musculoskeletal Nociplastic Pain Associated with Idiopathic Mast Cell Activation Syndrome." In a nutshell, Idiopathic Mast Cell Activation Syndrome (MCAS) is a disorder where unknown triggers release inflammatory mediators and cause a constellation of symptoms from hives, swelling, low blood pressure, and difficulty breathing.
Noble Capital Markets analysts released a research update on Eskay Mining Corp (TSX-V:ESK, OTCQX:ESKYF), writing that the work by the company’s prospecting and mapping team is quickly identifying new volcanogenic massive sulfide (VMS) targets at Scarlet Ridge and Scarlet Valley in British Columbia, which has advanced them from areas of interest into drilled targets that are now delivering significant sulfide-bearing mineralized intercepts. “In our view, the company’s expertise related to VMS systems is leading to a very productive exploration and drilling program,” the Noble Capital analysts said. “Catalysts for the stock include receipt of assay results from the 2022 drilling program, greater understanding of TV-Jeff's size potential, discovery of new VMS systems at Scarlet Ridge and Scarlet Valley, and development of new targets within the project area which can be followed up with a larger and more focused drill program next year,” they added.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) has issued an update on the Los Azules copper project in San Juan, Argentina, in which it holds a 0.4% net smelter returns (NSR) royalty. The project is held by McEwen Copper Inc, a subsidiary of McEwen Mining, which announced on August 31 that it closed the third and final tranche of a previously announced private placement offering of up to 8 million McEwen Copper common shares priced at $10 each. The third tranche is comprised of a $25 million investment by Rio Tinto Limited's copper leaching technology venture, Nuton, and $1.85 million from other investors.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is on track to deliver its target production of 3,000 barrels of oil per day (bopd) and its current assets have considerable further growth potential, according to analysts at Canaccord Genuity (TSX:CF, LSE:CF) Ltd, which has initiated coverage on the oil producer with a ‘Buy’ rating. Analysts set a target price for the company’s TSX Venture Exchange and United Kingdom AIM-listed stock of C$0.54 (£0.36). Arrow is currently trading at C$0.26 (£0.17). They wrote in a note that this year Arrow had already drilled two successful development wells on the Rio Cravo Este (RCE) field on Tapir, which more than tripled the company’s total production to around 1,500 bopd, with further drilling set to deliver its target production level of 3,000 bopd by spring 2023.
Universal Ibogaine Inc (TSX-V:IBO) has appointed its CEO Nick Karos to its Board of Directors effective September 6, 2022. UI will hold its Annual Meeting of Shareholders in Vancouver on October 3, 2022, and at that time the existing group of 5 Directors, including Karos, will stand for election to the Board. Nick's primary focus as CEO is completing the necessary financing to enable UI to advance towards ibogaine based clinical trials as the next phase in its key strategic priorities with Health Canada, the company said.
ACME Lithium Inc announced that it has acquired, by staking, 10 claims totaling about 5196 acres situated near Birse Lake in southeastern Manitoba, contiguous and directly east of its Shatford Lake project area. The battery metal projects exploration and development company said the Birse Lake claim block covers the Birse Lake pluton that has numerous pegmatite occurrences along its periphery and brings ACME's land holdings in southeastern Manitoba to about 17,000 acres, or 70 square kilometres. ACME noted that it is in the process of completing an extensive summer exploration program at both Cat-Euclid and Shatford Lakes, employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling.
Nickel North Exploration Corp (TSX-V:NNX) announced that its team, along with Fargo Exploration, is commencing on-site field exploration work at the Hawk Ridge nickel-copper-cobalt-platinum group elements (PGE) sulfide project in Kuujjuaq, Quebec. This season's fieldwork will focus on expanding the dataset on the high-grade raglan-type sulfide nickel-copper mineralized Potato zones, as well as intrusive feeder structures and high-grade PGE mineralization zones. The goal is to prepare for a large drilling program in 2023, the company said.
NEO Battery Materials Ltd has issued a corporate update, highlighting its recent attainment of in-house coin full cell production capability, the ongoing sample evaluation and optimization with battery cell manufacturers, and more. Firstly, NEO announced that it will retain the capability to produce its own coin full cells within the NBM Korea R&D Scale-Up Center. NBM Korea has been procuring equipment and materials to establish in-house production capability over the past two months, and by late September, the company will be able to independently produce coin full cells without the need for external manufacturing facilities. Additionally, the company said that by integrating cell production within the Scale-Up Center, further time-saving and cost-effective efficiencies can be realized. Crucially, NBMSiDE samples, electrode plates, and coin full cells will all be fabricated in one location.
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) has boosted the resource base at its flagship Nalunaq gold project in Greenland. The new resource was prepared by SRK Consulting and incorporates the drilling results from the 2020 and 2021 field seasons. The total inferred resource now rings in at 355,000 tonnes grading 28 grams per tonne gold for 320,000 ounces of gold. This constitutes a 30% increase in contained gold compared to the previous estimate reported in June 2020 and a 50% increase in average grade. The Nalunaq project now sits within the top 2% in terms of global reported gold resource grades.
Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) has reported new results from its 2022 exploration program at the Wawa Gold Project in Ontario, with the drilling continuing to expand the footprint of mineralization outside the current resource of the Surluga Deposit and quantify additional exploration targets on the property. In a statement, Quentin Yarie, president and CEO of Red Pine Exploration, commented: "As we have always theorized, and part of our decision to acquire 100% of the Wawa Gold Project, was that gold mineralization is pervasive throughout the structures within the intrusive complex. The recent drill results represent an important step forward in our progress of expanding the current resource of the Surluga Deposit." He added: "These results of high-grade gold mineralization extending far beyond the current footprints of the existing resources add credence to our theory. Results to date support our view that there is a large, continuous corridor of mineralization hosting multiple centres of mineralization/deposits that extend over at least 6 kilometres (km) in strike length and we are showing that they have continuity."
Plurilock Security Inc announced that its wholly-owned subsidiary Integra Networks Corporation has obtained a revolving line of credit of up to C$1.5 million from Pathward, National Association, a division of MetaBank NA. “We are pleased to again partner with Pathward, National Association, on securing this revolving line of credit for up to C$1.5 million,” said Ian L Paterson, CEO of Plurilock in a statement. “This credit facility is a shareholder-friendly financing alternative that provides us with flexibility to also address our working capital needs at Integra and continues to enable the company to focus on its growth plans, which include strategic acquisitions and organic growth from our innovative suite of zero trust identity products," he added.
CULT Food Science Corp (CSE:CULT, OTCQB:CULTF) said its Singapore-based portfolio company, Umami Meats, has unveiled the world’s first cultivated fish balls, which it presented in a spicy noodle dish known locally as 'laksa', on August 30, 2022. Umami, a cellular agriculture start-up company developing sustainable alternatives for endangered fish species, created the fish balls by combining cultivated fish with plant proteins to give them a similar taste and texture to that of traditional fish balls. “Creating a cell-based fish ball laksa prototype is quite an achievement in the cellular agriculture field. Nothing has been developed like it so far, and CULT is keen to support Umami in this initiative,” CULT CEO Lejjy Gafour said in a statement.
In a separate statement, CULT Food Science also announced the closing of its acquisition of Food Revolution Media Inc (FRM) which was previously announced on July 22, 2022. "We have always believed deeply that media is a critical part of the cellular agriculture movement. In order to shift consumer behaviour, we need to build cultural awareness around the power of cell-based foods and the scientific breakthroughs happening within our field," said Lejjy Gafour, CEO of CULT in a statement. "Having the ability to leverage a global audience through FRM will give us numerous advantages to continue to be on the leading edge of cellular agriculture and bring value to our portfolio companies, partnerships and scientific innovation," he added.
enCore Energy Corp has announced the completion and installation of all five baseline wells within the uranium mineralization at its 100%-owned, fully licensed Rosita Extension Project Production Authorization Area (PAA) wellfield in South Texas. The company said the wells also returned excellent uranium values with grade thicknesses (GT) ranging from 0.932 to 5.139, noting that it has commenced installation of production well patterns at Rosita Extension PAA as the initial source of uranium feed for the Rosita Central In-Situ Recovery (ISR) Uranium Processing Plant. The Rosita Plant is designed to process uranium feed from multiple satellite operations and is one of 11 licensed and constructed uranium processing plants in the US, two of which are owned by enCore Energy.
Evergold Corp (TSX-V:EVER, OTC:EVGUF) has announced that CJ 'Charlie' Greig, a co-founder of the company and this year's recipient of the Prospectors and Developers Association of Canada's (PDAC) Bill Dennis Exploration Award, has assumed the role of chief exploration officer for the company and has been appointed to its board of directors. The company said the new roles formalize the significant contribution and commitment Greig brings to the exploration and technical direction of Evergold. He replaces Bernice Greig on the board who is stepping down after three years of service as a director for Evergold. Meanwhile, Andrew Mitchell has stepped down from his position of vice president, exploration to pursue his own business venture, Junior Mining Hub.
Soma Gold Corp said it has had a successful second quarter, reporting a sharp rise in income from mining operations which hit C$8.0 million in the three months ended June 30, 2022, compared to C$4.2 million in the first quarter. During the second quarter, the mining company sold 7,583 ounces of gold equivalent, an increase of 79% from the first quarter of 2022 and 99% higher than the year-ago period, and produced 6,637 ounces of gold in 2Q 2022, against 5,005 ounces and 3,760 ounces in 1Q 2022 and 2Q 2021, respectively. "The second quarter of 2022 was very successful for Soma. Higher-grade ore from Cordero, at an average of 7.75 grams per ton (g/t) in the second quarter, is starting to replace ore from our legacy, lower-grade mines which has a very positive impact on gold production and financial results," Soma president and CEO Javier Cordova said in the results statement.
American Battery Technology Company (OTCQB:ABML) (ABTC) has appointed Bret Meich as general counsel, who joins as a member of the executive team and reporting to the chief executive officer of the company. "As we accelerate the execution of our technology and business roadmaps, it is imperative that we establish in-house general counsel to take ownership of our legal affairs roadmap and to coordinate the efforts of our external counsel specialists with immediate prioritization in due diligence and execution of our strategic partnerships, intellectual property portfolio, merger and acquisition diligence, and corporate governance," ABTC CEO Ryan Melsert said in a statement. "We are extremely fortunate to have Bret joining the ABTC team to lead these efforts, and his extensive connections and experience in the local community have already yielded return," he added.
Group Eleven Resources Corp has announced the discovery of high-grade massive sulphides as part of an initial step-out reconnaissance drill program at its 100%-interest Ballywire zinc prospect at its PG West Project in Ireland. The company said drill holes G11-468-03 intersected a broad zone of zinc-lead-silver mineralization over a width of 66.0 metres (m), including four higher-grade zones, with its true width estimated to be 80%-100% of intercepted width. "Given the large step-out, the wide zone of mineralization and grades up to 52.4% Zn+Pb (zinc plus lead), G11-468-03 is one of the best holes drilled in Ireland over recent years. This fantastic result validates our team's hard work building a robust geological understanding of our large license area over the last several years," said Bart Jaworski, Group Eleven CEO in a statement.
Auxico Resources Canada Inc (CSE:AUAG, OTC:AUXIF) announced it has appointed Frederick Kozak as the company's new president, CEO and board member. Kozak, a rare earths specialist, previously served as president at Appia Rare Earths & Uranium Corp and has extensive experience in the financial world as a top-ranked equity analyst, Auxico noted in a statement. Outgoing CEO Pierre Gauthier will remain a director of Auxico.
TRACON Pharmaceuticals Inc (NASDAQ:TCON) has announced a $35 million non-dilutive long-term debt facility with Runway Growth Capital LLC to support its ongoing pivotal ENVASARC trial to treat cancer and for general corporate purposes. The biopharma said that $10 million of the $35 million loan was funded upon closing, and the additional $25 million available may be funded upon achieving "certain clinical milestones and at Runway's discretion".
Ultra Lithium Inc, together with North Canada Lithium (TSX:CLQQ) Corp (NCLC), announced that it has begun exploration work at the Forgan Lake lithium property in northwestern Ontario, with work that includes trenching, channel and bulk sampling, metallurgical test work, and diamond drilling. The lithium, gold, and copper exploration and development company said the trenching and sampling work has already been started, and a 3,000 meter core drilling contract has been signed with Quebec’s Diafore Drilling Inc, which is preparing for mobilizing to the property.
Generation Hemp (OTCQB:GENH), a Dallas-Fort Worth based midstream hemp company and its wholly-owned subsidiary, GENH Halcyon Acquisition, LLC, in partnership with Richard Rawlings' Gas Monkey Garage, has announced the launch of its Gas Monkey Spill-Jack consumer goods hemp product line. Gas Monkey Spill-Jack is an all-natural, plant-based, sustainable, and biodegradable loose absorbent made from the hemp hurd by-product that is produced by the company's hemp processing operations. This is the second consumer goods product produced by Generation Hemp (OTCQB:GENH), adding to its hemp animal bedding line called Rowdy Rooster Hemp. Gas Monkey Spill-Jack is now being sold on spilljackusa.com and will soon be offered on Amazon.
BioHarvest Sciences Inc said it has won The Business Intelligence Group’s 2022 Sustainability Leadership Award. The Business Intelligence Group rewards those with vision, creativity and persistence and the awards programs rely on industry leaders who volunteer to read, score and judge nominations. "By delivering the benefits of plants using a fraction of the energy, water, and land that agriculture would, we see the potential for conserving valuable global resources at a game-changing scale," said BioHarvest CEO Ilan Sobel in a statement.
Psyched Wellness Ltd (CSE:PSYC, OTCQB:PSYCF) said it has signed two long-term supply agreements for Amanita Muscaria mushrooms which should provide the company with enough raw material for its projected 2023 forecast, moving it from a research and development company to a consumer packaged goods company. In a corporate update, Psyched chief operating officer David Shisel said the addition of two high-quality suppliers of raw materials is a key development for the commercialization of the company’s products. "After working with these suppliers, we found them to be very professional and the raw material they've previously supplied has yielded very positive results, which comply with our strict standards,” he said.
New Age Metals (TSX-V:NAM, OTCQB:NMTLF) Inc and partner Mineral Resources, have revealed that a maiden drill program has kicked off at the Lithium One project in Manitoba, Canada. New Age's lithium division is the largest claim-holder in the Winnipeg River pegmatite field and its exploration there is being funded by Mineral Resources—the fifth largest lithium producer in the world. Manitoba-based Rodren Drilling has been hired as drilling contractor, while Axiom Exploration will manage the work.
BioVaxys Technology Corp has announced that Millipore-Sigma, the contract manufacturer for its preclinical viral vaccine program, has completed the bioproduction and batch release endotoxin screening of BVX-1021, the company's vaccine for SARS-CoV, which is being used in the partnership with Ohio State University (OSU) to develop a pan-sarbecovirus vaccine. The next step is measuring neutralizing antibody development to sarbecoviruses following immunization of study animals with BVX-1021, followed by administration of a SARS-CoV-2 vaccine – in this case with BVX-0320, the company's Covid-19 vaccine candidate. In June, BioVaxys said that yields of recombinant SARS-1 protein obtained from a Chinese supplier for the bioproduction of BVX-1021 were determined to contain the presence of a natural protein aggregate byproduct in addition to the SARS-1 protein.
World Copper Ltd (TSX-V:WCU, OTCQX:WCUFF) has closed the sale of its a 0.55% gross revenue royalty and option package on the Zonia copper oxide project to Electric Royalties. The sales amounted to $1.55 million in cash and another two million Electric Royalties shares to Vancouver-based World Copper. The Zonia project is located in the Walnut Grove mining district in Yavapai County, Arizona.
PlantX Life Inc has said it recorded a 32% year-over-year revenue increase in August driven primarily by the expansion of its distribution channels and retail footprint. The company noted that the Little West cold-pressed juice brand continued to generate strong sell-through across its retail distribution partners, while the Chicago Uptown retail location had its best month since it was acquired by PlantX in December 2021, driven by expanded selection and special events. In a statement, PlantX CEO Lorne Rapkin said the company continued to generate significant year-over-year growth, driven by positive market reception to the Little West cold-pressed juice brand and the success of live events at its retail locations in driving store traffic and building loyal customers.
Japan Gold (TSX-V:JG) Corporation revealed that Barrick Gold Corporation has selected six projects from the Barrick Alliance portfolio to advance as Included Projects in the Second Evaluation Phase under the strategic alliance agreement between the two companies dated February 23, 2020. In addition, the Canadian mineral exploration company said Barrick will be continuing its Initial Evaluation Phase on three project areas that were added to the Barrick Alliance following its formation. Japan Gold (TSX-V:JG) (Japan Gold (TSX-V:JG)) will continue to support and manage the Included Projects under the Barrick Alliance. In a statement, Barrick Vice President Exploration, Asia-Pacific, Marian Moroney said: "The Barrick team is excited that the country-wide screening program has been successful in defining multiple projects which will now receive more focused work programs in order to progress them to the next stage.”
Naturally Splendid Enterprises Ltd has announced that Vegan Supply will carry a selection of its Plantein line of products for sale to their retail and foodservice customers. Vegan Supply, a Vancouver-based company with both retail and foodservice distribution, began business in 2015 as the world's largest e-commerce marketplace providing their retail customers and foodservice clients with high-quality vegan products. "Although our products are intended for all types of consumers, being accepted by the vegan community does speak to the quality of our products," Naturally Splendid executive vice president Bryan Carson said in a statement.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc announced that it will provide its Checkpoint digital ticketing and engagement solution to the Big Wheel Charity Golf Classic tournament, created by country star Aaron Pritchett. The company also purchased a platinum sponsorship of the tournament, which will be held on September 13 at the Cottonwood Golf Course in Nanaimo, British Columbia. Proceeds from the event will go to support KidSport and the Nanaimo Community Hospice Society.
Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) Inc announced that it has surpassed C$101 million in player betting turnover during August 2022, which represents about C$3.2 million-plus per day, a monthly record since the company launched in May 2021 as player activity continues to scale on its live dealer tables. The software-as-a-service (SaaS) gaming technology firm said the player betting turnover represents a 23% increase for both key performance indicators (KPI's) from last month and is the third consecutive month that its live dealer tables have generated new records for the company.
Appia Rare Earths & Uranium Corp announced the appointment of Dr Irvine Annesley to the vice president of exploration post. Annesley, who has served as a part-time technical advisor and consultant to the company since 2016, has over 40 years of geological mapping, global exploration, applied research, and academic teaching experience in uranium, gold, and base metals. A former professor in Economic (Mining and Mineral Exploration) Geology at Ecole Nationale Superieure de Geologie, Annesley is also current Adjunct Professor in Geological Sciences at the University of Saskatchewan.
Gratomic Inc has unveiled the latest findings from the third trenching program, comprising 19 samples, at its Capim Grosso project in Brazil, which aimed to further explore a second graphite deposit at the property. The program will continue with 15 more trenches to determine targets for a second diamond drilling program, earmarked to start this fall. The firm said 14 additional trenches have been completed to date which sit around 400 metres (m) south-east and sub-parallel to the main deposit.
Fireweed Metals Corp (TSX-V:FWZ, OTCQB:FWEDF) announced it has appointed Peter Hairsine to its board of directors. Hairsine is an asset development specialist with more than 20 years of experience in mining and resources and a representative of Fireweed's large shareholder, Ibaera Capital. A former project study manager and manager of business development for Fortescue Metals, Hairsine is currently a partner in Ibaera Capital, a private equity fund that specializes in future facing minerals investment.
NioCorp Developments Ltd has announced that its demonstration-scale processing plant in Quebec, Canada is now processing ore samples from the company's Elk Creek critical minerals project. The demonstration plant is intended to show that the company can extract and separate rare earth elements from ore that NioCorp expects to mine from the project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible. NioCorp is developing a critical minerals project in southeast Nebraska that will produce niobium, scandium, and titanium. The company said it is also evaluating the potential to produce several rare earth byproducts from the project.
Lion Copper and Gold Corp (TSX-V:LEO, OTCQB:LCGMF) has said that further to its news release dated May 26, 2022, it has completed a debt settlement previously announced by issuing 915,910 common shares of the company at a deemed price of 8.5 cents per share in settlement of US$61,366 (C$77,852) owed to a creditor. The common shares issued in connection with the debt settlement are subject to a four-month hold period expiring on December 24, 2022.
Oragin Fodds Inc has announced that in accordance with the terms and conditions of the convertible debenture issued on October 25, 2019, the company has agreed, subject to the approval of the TSX Venture Exchange (TSXV), to issue 647,728 common shares as settlement of payments of interest equal to $71,250.00 accrued between May 1 and July 31, 2022. On October 25, 2019, the company had announced the completion of a private placement offering of the debentures and the terms of such offering. Such terms include the requirement to pay accrued interest on and during the term of the debentures to their holders within 30 days of each fiscal quarter by way of issuance of common shares at a conversion price equal to the market price at the time of conversion, subject to TSXV approval. The shares will be issued at $0.11 per share and will be subject to a statutory four-month hold period beginning as of the date of issuance of the shares. The transaction is subject to the approval of the TSXV.
Burcon NutraScience Corporation has announced the resignation of its auditors, PricewaterhouseCoopers LLP (PwC), effective September 1, 2022 and said that it is postponing its annual meeting of shareholders (AGM), which was to be held on September 14, 2022. Thew company said PwC has confirmed that there have been no "reportable events", "disagreements" or "unresolved issues" (as such terms are defined in National Instrument 51-102 - Continuous Disclosure Obligations). Due to the inopportune timing of PwC's notice of resignation, the company's board of directors have decided to postpone the AGM until the company has appointed a successor auditor. The company is engaged in discussions with potential successor audit firms and expects to engage a new audit firm shortly. The company said it will provide an update regarding the appointment of a successor auditor and the new date for the AGM in a further news release. In a separate statement, Burcon NutraScience also said it intends to file a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) with the Securities Exchange Commission (SEC) on September 12, 2022, to delist the company's common shares from the Nasdaq Capital Market and to deregister its common shares under Section 12(b) of the Securities Exchange Act of 1934, as amended. The common shares of the company will be suspended from trading on the Nasdaq Capital Market on or about September 12, 2022. The company expects that the delisting and deregistration will become effective 10 days and 90 days, respectively, from the date of filing.
Burcon also issued a letter to shareholders from its Interim CEO and Chairman, Peter Kappel. In the letter, Kappel tells shareholders about the resignation of PricewaterhouseCoopers as the company’s auditor, and the postponement of the company’s annual general meeting. The full shareholder letter can be found here.
DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF) said its 121 Mining Investment EMEA presentation is now available to view on the company’s website.
Zynerba Pharmaceuticals (NASDAQ:ZYNE) Inc has announced that Armando Anido, its chairman and chief executive officer will present in-person at the H.C. Wainwright 24th Annual Global Investment Conference on Tuesday, September 13, 2022, at 2.00pm ET, and host investor meetings. The conference is being held at the Lotte New York Palace Hotel in New York City. Investors interested in arranging an in-person meeting with the company's management during the conference should contact the H.C. Wainwright conference coordinator. An archived webcast of the presentation will be available on-demand for 60 days following the event under the Events & Webcasts tab of the Investors section of the Zynerba website.
Great Panther Mining Limited (TSX:GPR, NYSE:GPL) has reported that, with the authorization and approval of its Board of Directors, it has determined to file a notice of intention to make a proposal (NOI) under the Bankruptcy and Insolvency Act (Canada) (BIA) today, which will provide creditor protection while the company seeks to restructure its affairs. The decision to seek creditor protection was taken after careful consideration of available alternatives, the company's cash position, forecasted revenue and expenses (including in relation to its subsidiaries), and scheduled debt payments. Due to liquidity constraints, the company said its Brazilian subsidiary, Mina Tucano Ltda, intends to enter a temporary care and maintenance period while the company explores alternatives to maximize value for all stakeholders.
AIM ImmunoTech Inc (NYSE:AIM) has announced that Dr Chris McAleer, its deputy chief science officer, and Dr William Mitchell, chairman of the company's board of directors will present at the 2nd Annual Marie Sklodowska-Curie Symposium on Cancer Research and Care being held at the Roswell Park Comprehensive Cancer Center in Buffalo, New York state, September 8-10, 2022. In addition to management's presentations, the company is also sponsoring the event. Dr McAleer's presentation on Saturday, September 10 will be titled 'Rintatolimod (Ampligen): An Investigational Immunomodulatory Agent Targeted at Cancers of High Unmet Need' and Dr Mitchell's presentation, also on September 10, will be titled 'The Mechanism of PAMP Restricted Rintatolimod in Limiting Systemic Inflammatory Responses'. The presentations will take place at the Cancer Genetics & Pharmacology Building at the Roswell Park Comprehensive Center. The presentations will be available on the company's website once presented at the conference.
Context Therapeutics (NASDAQ:CNTX) Inc has announced that its chief executive officer Martin Lehr will participate in a fireside chat during the H.C. Wainwright 24th Annual Global Investment Conference taking place virtually and in-person September 12-14, 2022, in New York City. The fireside chat will be available on demand for conference participants beginning September 12 at 7.00am ET. The company said it will be available in-person in New York City to participate in one-on-one meetings in conjunction with the conference. Details about the conference can be found here.
Jushi Holdings Inc has announced that its management will participate in the following upcoming conferences and events: Needham's 3rd Annual Virtual Cannabis Conference, being held on September 7, 2022; Benzinga Cannabis Capital Conference being held from September 13-14, 2022 at Palmer House at 17 E Monroe Street, Chicago, Illinois; the Wolfe Research September Virtual Consumer Conference being held from September 22-23, 2022, and MJ Unpacked being held from September 28-30, 2022, at the MGM Grand Las Vegas, 3799 South Las Vegas Boulevard, Las Vegas, Nevada.
American Resources announced that CEO Mark Jensen and ReElement Technologies COO Jeff Peterson will present at the Virtual Investor Spotlight on Thursday, September 8, 2022 at 1:00 PM ET. A live video webcast of the presentation will be available on the Events section of the Investors page of the company's websites www.americanresourcescorp.com and www.reelementtech.com. A webcast replay will be available two hours following the live presentation and will be accessible for 90 days.
Harbor Custom Development Inc announced that the company's CEO Sterling Griffin will present at the upcoming 148th National Investment Banking Association conference at Margaritaville Beach Resort between September 7-8, 2022.