BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) has reported significant demand for the second tranche of its placement of convertible notes which has now closed.
As a result, the company said it expects the offering to be oversubscribed and therefore intends to close an additional tranche of up to C$3 million by December 15, 2022, subject to regulatory approvals.
Nextech AR Solutions Corp, a provider of augmented reality (AR) Wayfinding technologies and 3D model services, revealed that it has achieved breakthrough 3D content creation capabilities.
The Toronto-based Metaverse company said the breakthrough in its AI capabilities translates into the ability to scale 3D model production at a higher velocity, resulting in increased production capacity, which will drive higher revenue and profit margins.
American Resources Corporation (NASDAQ:AREC) told investors it is focused on monetizing the group's carbon assets as it posted third quarter results, which showed a rise in revenue.
For the three months to September 30, 2022, the firm reported total revenue of US$9.5 million, up from US$2.8 million in the third quarter of 2021.
Africa Oil Corp (TSX:AOI). has announced its financial and operating results for the third quarter ended September 30, 2022, which included a record realised oil price at Prime in which it has a 50% shareholding.
The company said Prime achieved an average realized oil price of $101.5 a barrel, the highest quarterly average since the acquisition of a shareholding in Prime, compared to the average Bloomberg Dated Brent price of $99.1 a barrel for 3Q 2022. The rise was partly due to the application of its revised crude marketing strategy.
LQwD FinTech Corp. (TSX-V:LQWD, OTCQB:LQWDF) said the TSX Venture Exchange has approved its previously-announced share consolidation on the basis of 10 pre-consolidation common shares for one post-consolidation share, which became effective at the open of the market today. The company’s name will not change as part of the consolidation but it will issue new share certificates under a new CUSIP number of 50213W305 and ISIN of CA50213W3057. The company’s common shares will continue to trade on the TSX-V under its current symbol of ‘LQWD’. Post-consolidation, the company has about 9,777,430 common shares issued and outstanding.
Todos Medical Ltd. (OTCQB:TOMDF) said it will host a conference call on its 3Q 2022 earnings and business update on November 15, 2022 at 8:30am ET. The link to the conference call is https://audience.mysequire.com/webinar-view?webinar_id=c823522b-146b-4b30-8243-3e16afc4ac24. For optional dial-in, ring +1-346-248-7799. Enter the meeting ID: 93308656732, followed by the passcode: 151033.
Magna Mining Inc (TSX-V:NICU) said Dundee Corp and its affiliates own or control 32,199,918 common shares and warrants exercisable for the purchase of 9,259,259 common shares of the company, representing 22.02% on an undiluted basis and 26.66% on a partially diluted basis. Dundee’s ownership in Magna Mining is purely for investment purposes. The company intends to review, on a continuous basis, various factors related to its investment, including but not limited to, the price and availability of Magna Mining’s securities, subsequent developments affecting the company and its business, and the general market and economic conditions. Based on these and other factors, Dundee may decide to purchase additional securities or may decide in the future to sell all or part of its investment in Magna Mining.
The Toronto Stock Exchange reports that Talon Metals Corp. (TSX:TLO) will list an additional 66.4 million common shares at the market open on November 16, 2022. According to the TSX, the listing will cover shares to be issued at 49 cents per share, pursuant to the terms of a prospectus supplement dated November 9, 2022, to the company’s short form base shelf prospectus dated December 7, 2021.
G2 Energy Corp (CSE:GTOO, OTC:GTGEF) said it is continuing to work diligently with its auditors to finalize its audited consolidated financial statements, management’s discussion and analysis and related officer certifications for the year ended June 30, 2022. The company now anticipates it will be able to file the required documents on or before November 30, 2022. The delay in filing the required documents was primarily due to its change of business earlier this year. Subsequent to the delay, the British Columbia Securities Commission issued a management cease trade order (MCTO) on the company on October 31, 2022.
Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) said it has filed its third quarter financial and operating results and that the unaudited condensed interim financial statements and related management’s discussion and analysis for the three and nine months to end-September will be available for download on SEDAR and on the company website. Following the decision to place the PureGold mine in Red Lake, Ontario on care and maintenance and considering the time constraints associated with the companies’ creditors arrangement Act (CCAA) proceedings, the company said it no longer expects to release a pre-feasibility study (PFS) technical report in the fourth quarter this year as has been previously disclosed. It added that it continues to evaluate several alternatives to advance an updated Life-of-mine Plan (LOM plan) for the mine, which may include the completion of a PFS or similar study at a later date.
Numinus Wellness Inc. (TSX:NUMI, OTC:LKYSF) will release its financial results for the quarter and year ended August 31, 2022, after market close on Tuesday, November 29, 2022. The company will host a conference call and webcast occurring on the same day, at 5:30 p.m. Eastern time / 2:30 p.m. Pacific time. To listen to the live webcast, please register at: https://events.q4inc.com/attendee/162579419. To participate in the live conference call, please use the following dial-in information: 1 (888) 330-3632 (Toll-free North America); 1 (646) 960-0837 (International). If prompted, please provide conference passcode 3547386.
Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) announced that it received a notice from the Nasdaq Stock Market LLC stating that the company is not in compliance with the minimum bid price requirement of US$1 per share under the Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Company's Class A common shares for the 30 consecutive business days prior to the date of the notice. The notice has no immediate effect on the listing or trading of the shares on Nasdaq, and the company's operations are not affected by the receipt of the notice. Cardiol has until May 15, 2023, to regain compliance with the Minimum Bid Requirement, during which time the shares will continue to trade on Nasdaq.