NA Proactive news snapshot: Auryn Resources, NexTech AR Solutions, Thunderbird Entertainment UPDATE ...

IEC Electronics Corp. (NYSEAMERICAN:IEC) has been selected to present at the fourth annual MicroCap Leadership Summit, hosted by MicroCapClub, on Friday, September 27, 2019, at the Westin Chicago Northwest Hotel in Itasca, Illinois. The IEC presentation will be made by CEO Jeffrey Schlarbaum. The MicroCap Leadership Summit utilizes a small group format whereby the company will present to approximately 50 retail and institutional microcap investors throughout the day.

Silvercorp Metals Inc (TSX:SVM) will be added to the S&P/TSX Composite Index following a rebalancing by S&P Dow Jones Indices effective prior to the open of trading on Monday, September 23, 2019.

European High Growth Opportunities Securitization Fund announced Friday that it had converted C$160,000 of debentures of an aggregate $850,000 of debentures of Braingrid Ltd (CSE:BRGD) and the sale of an aggregate 1,650,000 shares between August 30, 2019 and September 10, 2019. Braingrid had previously issued the fund a convertible debenture in the amount of C$850,000 and share purchase warrants exercisable to acquire up to 14,875,000 shares of the Toronto-based cannabis analytics company.

TruTrace Technologies (CSE:TTT) said it has developed the first blockchain-secured platform to track intellectual property for cannabis. The company provides DNA-based cannabis product validation and helps with intellectual property protection and product guarantees for patients and customers. “It’s a combination of science, enterprise software, and blockchain technology,” said TruTrace Chief Executive Officer Robert Galarza in an interview. “By focusing on granular genetic, chemical and contaminant data, as well as motion and movement information and then merging that into a blockchain we are able to provide real-time data on each product being purchased.”

TruTrace Technologies also announced that it has closed the second tranche of a non-brokered private placement financing, with 840,950 units issued at a price of $0.25 per unit raising gross proceeds of $210,237.50. Each unit consists of one common share and one non-transferable common share purchase warrant which entitles the holder to purchase one additional common share at a price of $0.30 each for a period of three years from the closing of the financing. To date, the company has raised gross proceeds of $720,237.50 from the first and second tranches of the financing and it said it expects to close a third tranche in a timely manner.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG), the Canada and Peru-focused exploration group, said it had closed its previously announced bridge loan for up to C$6 million to be used for working capital, and has received the first tranche of C$3 million. As reported earlier this month, the facility, consists of two tranches of C$3 million each, with the second tranche conditional upon both parties agreeing. The group’s flagship assets are the Committee Bay high-grade gold project in Nunavut, Canada and the Sombrero copper-gold project in southern Peru.

Thunderbird Entertainment Group Inc (CVE:TBRD) announced Friday that Canadian national broadcaster APTN has ordered a second season of its series ‘Queen of the Oil Patch.’ The acclaimed documentary series follows the experience of an Indigenous person who possesses two separate spirits known as Massey Whiteknife and Iceis Rain. Whiteknife is an openly gay Indigenous entrepreneur whose multimillion-dollar oil business was decimated by the collapse in oil prices and devastating wildfires. The program showcases his path to rebuilding his life with the help of his other spirit, Rain, who is a female pop singer and anti-bullying advocate.

NexTech AR Solutions (OTCMKTS:NEXCF) (CSE:NTAR) has partnered with custom rifle producer Gunwerks to bring augmented reality to online firearm shopping. Using NexTech’s technology, Gunwerks customers will be able to preview products in full 3D and view them in their own space.  NexTech CEO Evan Gappelberg is confident that AR will mesh with Gunwerks, which bills itself as a place for sports people to build their “dream rifle.”

GGX Gold (CVE:GGX) (OTCMKTS:GGXXF) has filed with the TSX Venture for the final tranche of a previously announced non-brokered private placement. The placement is worth 305,000 common shares worth C$0.20 per share and 170,000 flow-through shares worth $0.25 per share. The placement also includes warrants for 305,000additional common shares exercisable at $0.30 per share and 85,000 flow-through shares exercisable at $0.35 per share.

Story by ProactiveInvestors