Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) has closed a previously announced bought deal financing for gross proceeds of C$5.75 million the company announced.
More than two million units, including the gull over-allotment option, were sold at a price of C$2.75 per unit. Each unit contains one share and one share purchase warrant, which entitles its holder to purchase an additional share at a price of C$3.35.
Hillcrest Energy Technologies Inc, the cleantech group developing transformative power conversion technologies and control system solutions for next-generation electrical systems, revealed it will participate in Singular Research’s Best of the Uncovered investor conference in San Francisco at 12.15pm PDT on December 8 this year.
Hillcrest, which also provided an update on its recent activities, is presenting as part of the 17th annual Best of the Uncovered investor conference.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) told investors that output at its Segilola gold mine in Nigeria had been steady over 2022 as the company posted a set of strong third-quarter operating and financial results.
In the three months to September 30 this year, the miner reported net profit of US$4.1 million on revenue of US$55.7 million.
Kainantu Resources Ltd (TSX-V:KRL) (KRL) has filed its interim results for the nine months ending September 30, 2022, noting that its capitalised expenditure on exploration and evaluation activities totalled $1.78 million due to expanded exploration activities, including a significant airborne geophysical survey over properties adjacent to K92 Mining.
The Asia-Pacific-focused gold mining company said as of September 30, 2022, cash and receivables totalled $0.32 million with $0.18 million of non-trade receivables. After the reporting date on November 3, 2022, the company completed the first tranche of a private placement, securing C$1.70 million in funding and significantly increasing its cash balance. The second and final tranche of the offering of up to an additional C$0.8 million is progressing and is expected to close on or about January 12, 2023.
Westwater Resources Inc (NYSE-A:WWR) has announced that it will participate in a Fireside Chat with Water Tower Research on Tuesday, December 13, 2022, at 11.30am. EDT. Water Tower Research will have a conversation with Jay Wago, Westwater Resources' vice president of Sales & Marketing. He will discuss the current trends and expectations in the US battery and EV market, specifically the growing demand for graphite battery materials, and the growing supply-demand imbalance in the battery-grade graphite market. Investors and other persons interested in joining the Fireside Chat must register using the following link: https://us06web.zoom.us/webinar/register/WN_azxqJ07zRzqI2-paIMYzUg.
OTC Markets Group Inc. (OTCQX:OTCM), the operator of regulated markets for 12,000 US and international securities, has announced that Westbridge Renewable Energy Corp, a Canadian renewable energy company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market under the symbol WEGYF. 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. Scott M. Kelly, Westbridge Renewable Energy executive chair, commented: “Graduating to the OTCQX Best Market is a significant step toward achieving our capital markets objective of optimizing access and liquidity to existing and new US investors and shareholders. After more than quadrupling our development portfolio in Alberta, the recent passing of the Inflation Reduction Act gives us a high-level of confidence in realizing our strategic objective of adding to our current portfolio of 1,285 MWp Solar PV plus 1,106 MWh battery storage capacity, by originating and acquiring new solar PV projects in the booming US renewable energy market."
Co-Diagnostics Inc (NASDAQ:CODX) announced it will be presenting on December 1, 2022, at the Piper Sandler 34th Annual Healthcare Conference, held November 29-December 31, 2022, in New York City, New York. Dwight Egan, CEO, and Dr. Kirk Ririe, President of the company's subsidiary, will be conducting a presentation discussing recent and expected Company progress along with its forthcoming Co-Dx PCR diagnostic platform. A copy of the presentation can be accessed through the Events and Webcasts section of the Co-Diagnostics website on December 1, 2022, at 11:30 AM Eastern Time. The company will also be participating in one-on-one meetings for institutional investors and industry professionals who have registered for the event, which can be arranged with company or Piper Sandler representatives.
Wellteq Digital Health Inc. (CSE:WTEQ, OTCQB:WTEQF) has obtained a final order of the Supreme Court of British Columbia approving the plan of arrangement with Advanced Human Imaging Ltd (AHI) whereby AHI will acquire all of the outstanding shares of Wellteq. As announced in its news release dated November 24, 2022, the Plan of Arrangement had previously been approved by the shareholders of Wellteq at a special meeting of the Wellteq shareholders. As previously announced, under the terms of the Plan of Arrangement, Wellteq shareholders will receive one ordinary share of AHI for every six Wellteq common shares held. Registered Wellteq shareholders are reminded to complete, sign and return the letter of transmittal provided with the materials for the Meeting, together with the certificate(s) / DRS advice(s) representing their Wellteq Shares as indicated in the letter of transmittal. Non-registered or beneficial Wellteq shareholders who hold their shares through a broker, investment dealer, nominee or other intermediary should contact their Intermediary for instructions. Closing of the Transaction is expected to occur in early December 2022, subject to the satisfaction of customary conditions. Following completion of the Transaction, Wellteq intends to apply to have its shares delisted from the Canadian Securities Exchange.