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NA Proactive news snapshot: Nerds On Site, MegumaGold, American Resources, TRACON Pharmaceuticals UPDATE …

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Nerds On Site Inc (CSE:NERD) (OTCQB:NOSUF) said Tuesday that it posted a 22% increase in gross revenue between June 2019 and February 2020 driven by its strategic focus on the cybersecurity market. In a statement, the Toronto-based information technology said it is operating at full capacity after it was deemed an essential service amid the coronavirus pandemic. Nerds CEO Charles Regan told shareholders the firm’s “strategic emphasis on cybersecurity,” is propelling the business to grow in an “accretive fashion.”

MegumaGold Corp (CSE:NSAU) said that it is in talks to acquire Nova Scotia-focused Osprey Gold Development Ltd (CVE:OS) in a deal which will create a leading precious metal explorer in the Canadian province. In an update on its ongoing corporate and exploration activities, MegumaGold said it is continuing discussions with Osprey Gold about acquiring 100% of all its issued and outstanding shares. The all paper business combination would see Osprey shareholders receive MegumaGold stock equal to an at an exchange ratio of one Meguma share for every two Osprey shares owned. “The company and Osprey Gold remain committed to consummating the proposed transaction and the parties are currently in the process of finalizing the terms of a definitive agreement,” MegumaGold said in a statement.

American Resources Corporation (NASDAQ:AREC) on Tuesday provided an update on its operations and outlook amid the global coronavirus (COVID-19) outbreak. The company noted that it always takes an employee safety-first policy and is taking all precautionary steps to ensure a safe working environment to protect the health of its employees and others — and to mitigate the spread of the virus. Additionally, the company said it has donated its total available supply of N95 masks to the Veterans Center in Hazard, Kentucky to help support first responders.

TRACON Pharmaceuticals Inc (NASDAQ:TCON) announced Tuesday the appointment of Shahe Garabedian as senior vice president of quality assurance. Garabedian brings more than two decades of broad quality assurance experience to TRACON, including an outstanding track record as a senior executive, the company said. Most recently, he was vice president of quality at Arena Pharmaceuticals Inc (NASDAQ:ARNA), and past positions included vice president of quality assurance and GxP compliance at Invitrogen and executive director, and head of quality assurance at SUGEN Inc.

Esports Entertainment Group Inc (NASDAQ:GMBL) has uplisted to the Nasdaq and announced the pricing of an $8.4 million public offering. The company offered nearly 2 million units — each containing one share of common stock, a Unit A warrant and a Unit B warrant — at a price of $4.25 per unit. The common stock and Unit A warrants are expected to begin trading Tuesday on the Nasdaq under the tickers GMBL and GMBLW, respectively. The A warrants are exercisable at a price of $4.25 for a period of five years and the B warrants are exercisable for the same price for a period of one year. 

BioPorto A/S (NASDAQOMX:BIOPOR) announced the results of its annual general meeting on Tuesday, which saw the company adopt its profit and loss allocation and discharge liability that was granted to its board of directors and executive team. The company also approved remuneration for its board of directors. Thomas Magnussen was elected chairman of the company, with Torben Nielsen elected vice chairman. Three additional members were re-elected to the board.

Co-Diagnostics Inc (NASDAQ:CDOX) has contracted Wiconsin-based biotechnology manufacturer Promega Corporation to boost the production capacity for the company’s Logix Smart coronavirus (COVID-19) test. The company is continuing to ramp up domestic production of the tests after receiving an Emergency Use Authorization from the US Food and Drug Administration on April 3. Salt Lake City-based Co-Diagnostics is involved with Test Utah, an initiative dedicated to significantly increasing the rate of coronavirus testing in the state.

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) said Tuesday that it’s First Class CBD and Nature’s Exclusive brands gained over 6,000 new customers in the period from April 1 to April 11, and said 1,700 customers bought from the Immune Support product line which has been received exceptionally well since it launched in March. Additionally, the e-commerce focused company said it saw a record 18,962 new customers enrolling for monthly subscriptions in March. The company said Immunity Blend is currently Mota’s top seller in the Immune Support product line.

Cardiol Therapeutics Inc (TSE:CRDL) (OTCQX:CRTPF) announced promising new study data on Tuesday highlighting the effectiveness of its nanotechnology approach to drug delivery. Results showed that there was an exponential increase in the uptake of Cardiol’s nanoparticles in heart failure hearts compared to a control group in a pre-clinical model of non-ischemic heart failure.

Kincora Copper Ltd. (CVE:KCC) said it has been granted a new exploration license (EL8960) covering 382.6 square kilometres, named the Nevertire project, located in the Lachlan Fold Belt central west New South Wales in Australia. The company said its portfolio of the Nevertire and Nyngan projects consolidates a land position of 1,144 square kilometres in the most prospective and shallow to moderate cover of the northern Junee-Narromine Belt.

Lingo Media Corporation (CVE:LM) (OTC:LMDCF) said its ELL Technologies Ltd subsidiary has enhanced its language learning platform with new features, including additional resources for teachers and white label capacity for distributors and customers. Chief among the new features is ELL’s Studio App, which lets students practice pronunciation using their mobile devices and provides instant feedback to help them improve.

Biocept, Inc. (NASDAQ:BIOC), a leading commercial provider of liquid biopsy tests, said that further to its announcement on April 14, 2020, regarding a registered direct offering, it has entered into a securities purchase agreement with several institutional investors for the issuance and sale of 22,300,000 shares of its common stock at a price of $0.46 each, raising aggregate gross proceeds of approximately $10.3 million. Maxim Group LLC is acting as the sole placement agent for the offering. The group said the offering is expected to close on or about April 16, 2020, subject to the satisfaction of customary closing conditions.

CUI Global Inc (NASDAQ:CUI) said its wholly-owned subsidiary Orbital Gas Systems Ltd has been awarded a contract by a major UK energy provider to design, produce and commission its first-ever biomethane-to-grid plants for the UK water industry. The contract calls for the provision of an initial biomethane Grid Entry Unit (GEU) followed by a second unit, both to be delivered in 2020. Each unit is valued at approximately $550,000.

Capstone Turbine Corporation (NASDAQ:CPST) said Tuesday it has expanded its long-term microturbine rental fleet with the addition of another 1 megawatt (MW) C1000 Signature Series microturbine in the Permian Basin for one of the world’s largest oil and gas companies. The new long-term rental contract was secured by Lone Star Power Solutions, Capstone’s exclusive distributor in Arizona, Texas, and the Gulf states. The microturbine is expected to be delivered later this summer and commissioned in the fall of 2020.

ImmunoPrecise Antibodies Ltd. (CVE:IPA) (OTCQB:IPATF) said its subsidiary Talem Therapeutics has entered into a research license agreement with Janssen Research & Development, LLC providing Janssen exclusive access to a panel of novel, monoclonal antibodies against an undisclosed target. Under the agreement, ImmunoPrecise  - a global leader in therapeutic antibody discovery and development – said Janssen holds an option to acquire all commercial rights to the antibodies. The financial details of the transaction have not been disclosed.

Loop Insights Inc (CVE:MTRX) announced a new agreement Tuesday that sees the artificial intelligence provider tapping into the Indonesian retail market. The Vancouver-based company signed a memorandum of understanding with Indonesia’s Frontier Technology, which boasts an expansive network of clients in the lucrative Indonesian retail market. Indonesian companies are projected to spend US$11.9 billion on information technology in 2020, according to data from the International Data Corporation.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a cannabis-infused beverages maker, said Tuesday that it has closed a non-brokered private placement raising $300,000, while also winding up the first tranche of a non-brokered financing of secured convertible debentures for gross proceeds of $630,000. In a statement, BevCanna CFO John Campbell said the company was “very pleased” with the confidence that investors had shown in the company, especially during these “uncertain” economic times.

American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) has said it and Voltabox of Texas Inc have signed a Memorandum of Understanding (MOU) under which Voltabox will provide end-of-life lithium-ion batteries for commercial-scale recycling of cathode materials using the company’s RecycLiCo patented process. Voltabox, a subsidiary of Voltabox AG, is a system provider for e-mobility in industrial applications using custom configurations of lithium-ion battery technology,

Calyxt, Inc. (NASDAQ: CLXT), a plant-based technology company, said it will hold a conference call on Thursday, May 7, 2020, at 8,30am Eastern time to discuss its results for the first quarter ended March 31, 2020.  The group said Calyxt chief executive officer Jim Blome, its chief financial officer Bill Koschak, chief technology officer Travis Frey, and senior vice president of Sales and Marketing Keith Blanks will host the conference call, followed by a question and answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the company’s website:

Marrone Bio Innovations Inc. (NASDAQ:MBII), an international leader in sustainable bioprotection and plant health solutions, also said its management will attend the SNN Planet MicroCap Showcase Virtual Investor Conference on Wednesday, April 22, 2020. The group said Pam Marrone, its CEO and founder, Jim Boyd, its chief financial officer and Kevin Hammill, chief commercial officer will host virtual one-on-one meetings throughout the conference, with Maronne scheduled to present at 4.20pm Eastern time (1.20pm Pacific time) via a webcast:

ElectraMeccanica Vehicles Corp. (NASDAQ:SOLO), a designer and manufacturer of electric vehicles, has said it’s management will attend the SNN Planet MicroCap Showcase Virtual Investor Conference on Wednesday, April 22, 2020. The group noted that Bal Bhullar, its chief financial officer, will host virtual one-on-one investor meetings throughout the conference and is scheduled to present at 1.20pm Eastern time (10.20pm Pacific time) via a webcast at:

Story by ProactiveInvestors


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