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NA Proactive news snapshot: CytoDyn, Revive Therapeutics, AEX Gold, Lord Global, American Resources ... UPDATE

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CytoDyn Inc (OTCQB:CYDY) announced Wednesday that its drug leronlimab showed early clinical improvement in mild-to-moderate coronavirus patients in a recently completed Phase 2 trial. In patients with a Total Clinical Symptom Score of 4 or more, with higher scores indicating a worse health state, leronlimab led to a greater improvement after three days (90% of patient scores improved) than the placebo (71% of scores improved). Safety-wise, the incidence, frequency and severity of adverse events (AEs) and serious adverse events (SAEs) were lower in the leronlimab group than the placebo group.

Revive Therapeutics Ltd (CSE:RVV) (OTCMKTS:RVVTF) announced a new milestone in its psilocybin and psychedelic-derived drug delivery program. The Toronto-based firm received the first set of orally dissolvable thin film strips that will deliver psilocybin and, further down the line, psychedelic-derived medicine to help treat various conditions. Revive is working with Reed Research Group out of the University of Wisconsin-Madison to evaluate novel formulations of psilocybin.

AEX Gold Inc (CVE:AEX) (LON:AEXG) said it has engaged Goldspot Discoveries Corp.(CVE:SPOT) to apply its proprietary workflow and machine learning algorithm to identify new exploration targets on AEX’s licence portfolio in southern Greenland. Goldspot will work with AEX’s technical team to analyze all available geological and remote sensing data to create high quality multivariate prospectivity maps, enhancing the exploration opportunities for gold mineralization at the properties. The company will also assist AEX’s exploration team this year in Greenland with two of its own geologists being deployed to site, thereby increasing the result-oriented machine learning study. 

Lord Global Corporation (OTCMKTS:LRDG), which is focused on products and businesses that will emerge due to the coronavirus (COVID-19) pandemic,  announced a potential tie-up with Innovative Regulatory Risk Advisors LLC on a fuel contract, which would generate revenue of C$50 million a week. Lord Global, soon to become 27Health Inc, recently inked an agreement with joint venture partner JA Lafayette to partner with Innovative Regulatory Risk Advisors LLC to sell products to the US federal government without a competitive bid. Innovative Regulatory Risk Advisors LLC is now in the final stages of signing a major fuel supply agreement covering all 50 US states, which should close within the month of August, Lord Global revealed in a statement.

American Resources Corporation (NASDAQ:AREC) announced Tuesday that it signed a contract to acquire two additional continuous miners for its Perry County Resources mining complex in Hazard, Kentucky. The company acquired the complex in September and since then it has undergone a significant restructuring. American Resources said it anticipates restarting the complex within the next 30 days and the two additional continuous miners brings its total to six as it restarts and ramps up production.

FansUnite Entertainment Inc (CSE:FANS) (OTCPINK:FUNFF) announced Tuesday that it has completed its acquisition of Canadian gamer Askott Entertainment Inc. The deal forms one of Canada’s leading online gaming companies, Vancouver-based FansUnite told shareholders and allows the firm to provide customers with a wider range of betting options such as sports and casino games.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) has appointed cannabis infrastructure design expert Adam Clarke to its independent advisory board with effect from July 20, the group told investors. Clarke is co-founder and CEO of consultancy Stratus Designs Ltd, which specializes in the planning, layout, design, commissioning and inspection of cannabis and hemp cultivation and processing facilities.

Marrone Bio Innovations Inc (NASDAQ:MBII) announced record revenue and gross profit that doubled year-over-year in second-quarter results released after the bell Monday. The biopesticide company reported revenue of $12.2 million in the three months ended June 30, 2020, up 74% from the $7 million posted in the same period of 2019. The quarter was Marrone’s eighth consecutive period of year-over-year growth, made possible this time around by growing sales of its row crop treatments and other fungicides. Gross profit was $7.4 million, nearly double the $3.8 million it recorded in the second quarter last year.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) said Tuesday that it hit a new record of patient visits and revenue per patient in July as the firm’s coronavirus (COVID-19) testing capabilities added to revenue diversification. Patient volume at Empower’s network of clinics across the US hit 2,317, while its revenue per patient increased by 29%, the company said in a release. The Vancouver-based company said it saw diversified sources of revenue, with medical cannabis certifications, naturopathic consultations, and COVID-19 testing services comprising much of the sales throughout the month.

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) said its partner Auteco Minerals (ASX:AUT) is progressing apace with efforts to earn up to an 80% stake in the Pickle Crow gold project in Ontario and has already fulfilled an initial exploration spend of C$750,000 in the first stage of the deal. Auteco began exploration in May, including an extensive drill campaign and initial expenditure requirements have been completed in just four months, compared to 12 required, noted First Mining. In addition, on July 30, a second diamond rig was added to the program to test for shallow, high-grade targets.

NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF), a cryptocurrency payments technologies company, revealed on Tuesday that it has joined Visa Inc’s (NYSE:V) powerful Fintech Fast Track program to bring its NetCents Visa Card to the US and Canada markets. By joining the program, Vancouver-based NetCents said it would benefit from Visa which has been synonymous with electronic payments for nearly four decades. NetCents pointed out that the move will allow it to more easily leverage the “reach, capabilities, and security” of VisaNet, one of the world’s largest high-speed electronic payments networks. In addition, NetCents will now able to roll-out the NetCents Visa Card to its users in North America and expand into additional geographic markets.

Q BioMed Inc (OTCQB:QBIO) has launched a Named Patient Program (NPP) to bring its non-opioid bone metastasis pain drug Strontium89 to patients around the world starting in September, the company announced on Tuesday. Strontium89 is FDA-approved for the treatment of painful skeletal metastases caused by cancer, regardless of the type of tumor. Common cancers that metastasize to the bone include prostate, breast, lung and others. The NPP allows Strontium89 to be provided to patients internationally without needing additional regulatory approval in their countries.

Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) posted second-quarter results on Monday after the market close, notably featuring growing cash on hand, which the company believes is sufficient to fund its operations into the first half of 2023. The Bedminster, New Jersey-based company had $68 million in cash and equivalents as of June 30, 2020, up from $27.8 million at the end of December 2019. During the quarter, the company undertook offerings for more than 5.6 million shares, netting $27.2 million in proceeds. In January, the company had an offering for more than 32.26 million shares, netting $46.7 million in proceeds. The group’s research and development expenses totaled $3.4 million in the three months ended June 30, compared to $2.8 million in the same period in 2019.

Esports Entertainment Group, Inc. (NASDAQ:GMBL) said it has signed a Letter of Intent (LOI) to acquire certain assets of FLIP Sports Limited (FLIP), including its staff and all intellectual property.   The licensed online gambling company, with a focus on esports wagering and 18+ gaming, noted that FLIP Sports is a dynamic and entrepreneurial mobile games studio innovating how fans enjoy and engage with live sports. Grant Johnson, CEO of Esports Entertainment added: “FLIP has brought together a talented team with proven industry experience that we believe will provide immense value to Esports Entertainment Group as we enter a period of tremendous opportunity and rapid growth.”

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) has revealed new drill results from its Plomosas project in Mexico on Tuesday that showed near-surface silver and gold mineralization on the property. Highlights of the drill results included 716 grams per ton (g/t) silver equivalent (AgEq) over 6.8 metres (191 g/t silver, 1.9 g/t gold, 7.1% lead and 3.4% zinc) as well as 1,687 g/t AgEq over 0.4 metres (1,559 g/t silver, 0.5 g/t gold, 1.4% lead and 1.1% zinc). Another intercept returned 12.6 metres at 1.7 g/t gold, 17 g/t silver and 0.7% zinc. The results reveal the presence of wide zones of gold mineralization as well as “attractive” near-surface polymetallic mineralization, GR Silver told shareholders.

GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS), the leader in Swiss hosted cybersecurity and Internet privacy solutions for secure data management and secure communications, has signed its second distribution agreement in the Commonwealth of The Bahamas. The agreement, signed with Prime Technology Services Ltd. of Nassau, Bahamas, comes as the company is increasing its footprint in anticipation of its Sekur solution launch. In a statement, Alain Ghiai, CEO of GlobeX Data said: “The Bahamas is one of the world’s most important financial centers and it is important for GlobeX to be present and offer our secure communications and data protection solutions to financial institutions and other data-sensitive businesses and government institutions.”

District Metals Corp (CVE:DMX) (OTCMKTS:MKVNF) has posted further historic drill highlights from its Tomtebo project in Sweden, which underscore the asset’s potential, as the firm also unveiled the next steps at the property. The historic assays from the formerly producing mine at the Gårdsgruvans zone hail from campaigns carried out by state-owned company Stora AB between 1916 and 1972. They reveal shallow and high-grade copper mineralization, which runs from near-surface to a depth of 200 metres (m) and significantly, remains open along strike and at depth, noted District.

Globex Mining Enterprises Inc. (TSX:GMX) (OTCQX:GLBXF), the mineral property bank, has welcomed news announced on Monday that Radisson Mining Resources Inc. (CVE:RDS)  is acquiring a 100% interest in Renforth Resources Inc.’s (CSE:RFR) New Alger Gold Mine property near Cadillac, Quebec. Under the agreement, Radisson will pay Renforth 12 million Radisson shares (current value $4,320,000), pay $0.5 million in cash, subscribe for 24 million Renforth shares as part of a $3.24 million charity flow-through private placement of Renforth shares and, in the future, potentially make $1.5 million in cash contingent payments. In a statement, Globex said it is pleased with the transaction and pointed out to its shareholders that the company currently owns 9,550,000 shares of Renforth.

WeedMD Inc. (CVE:WMD) revealed that it has entered into a commercial arrangement with leading Canadian retailer, Fire & Flower Inc. The company will manufacture, package and ship the retailer’s Revity CBD product line, expected to be available at Fire & Flower stores in the province of Saskatchewan as of August 14, 2020.  Angelo Tsebelis, CEO of WeedMD said: “As our first Canadian commercial extraction arrangement, we are looking forward to working with this award-winning retail-leader as it looks to expand into new product formats and strategic markets.”

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) has noted an ongoing forest fire close to Red Lake, Ontario but said there has been no damage to infrastructure or equipment at its mine site and all staff and contractors were accounted for. The fire is currently active in the area south of the town of Red Lake and is moving northeast away from the property, the junior resource group said in a brief statement on Tuesday. PureGold said it had temporarily suspended all operations at the asset and was maintaining a security force at site.

Cannabis One Holdings Inc. (CSE:CBIS) has announced the appointment of Rahim Mohamed to its board as an independent director as the company proceeds with its strategic rebranding to INDVR Brands Inc. The group noted that Mohamed brings over 20 years of private and public sector experience having built an exceptional reputation in business development, capital markets, operational streamlining, mergers, acquisitions, and internal audits. He currently serves as chief executive officer and a director of Softlab9 Technologies Inc.

Pacific Empire Minerals Corp (CVE:PEMC) (OTCQB:PEMSF) has hailed rock sampling results at its Jean Marie copper-gold-silver-molybdenum porphyry project in British Columbia where a 20 metre (m) trench has thrown up 4 grams per ton (g/t) gold over eight metres (m). “We always believed there was potential for significant gold mineralization at Jean Marie and these initial results clearly support this,” said CEO Brad Peters in a statement on Tuesday. “With a project of this scale, these results are a significant revelation for us and we will work to further expand and develop the potential for a gold-enriched copper deposit on this project,” he added.

Pacific Empire Minerals also said it has hired Peter Schloo as an independent non-executive director with immediate effect, adding that Keith Henderson has resigned from the board. The junior prospect generator noted that Schloo has more than eight years’ experience in capital markets, operations, and assurance across various industries, including natural resources and real estate. He has led over C$80 million in capital raising opportunities for public and private companies, mostly in the junior natural resource sector, it added.

BetterLife Pharma Inc. (CSE:BETR) (OTCQB:BETRF) (FRA:NPAT) said it has closed the first tranche of its non-brokered private placement by issuing 716,725 units at a price of $1.90 per unit for gross proceeds of $1,361,777.  Each unit consists of one common share in the company and one half of one common share purchase warrant. Each whole warrant is exercisable for a period of two years from the closing date of the offering to purchase one common share at a price of $2.30 each.  BetterLife said it will use the proceeds for working capital purposes and to advance on the AP-003 clinical trial programs of Altum Pharmaceuticals Inc, which are planned to begin in the next 6 to 10 weeks. 

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for over 10,000 US and global securities, has announced that The Real Brokerage Inc. (CVEW:REAX) (OTCQX:REAXF), a technology-powered real estate brokerage, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. “Having Real’s shares traded in the public markets is a fundamental way to create more opportunities for our agents and boost growth. We’re excited to debut on OTCQX to make it easier for U.S. agents and shareholders to invest in Real,” said Tamir Poleg, co-founder and CEO of Real.

Co-Diagnostics, Inc. (NASDAQ:CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, has announced that it will release its second-quarter 2020 earnings on August 13, 2020, after the close of trading on that day, and will hold an earnings call at 4:30 pm EDT. The call is expected to consist of prepared remarks by company CEO Dwight Egan. Analysts providing coverage for Co-Diagnostics will also be invited to participate in a question and answer session. All other participants can register for access to the webcast here. The call will be recorded and later made available on the company’s website.

Medexus Pharmaceuticals Inc. (CVE:MDP) (OTCQX:PDDPF) has announced that it will be presenting at the Canaccord Genuity 40th Annual Growth Conference being held virtually on August 11-13, 2020. Ken d’Entremont, the group’s chief executive officer and Roland Boivin, its chief financial officer are scheduled to host a virtual presentation on Wednesday, August 12, 2020, at 2.00pm. Eastern Time as well as participate in one-on-one investor meetings throughout the conference. A webcast of the presentation will be available at the following link:  A replay of the webcast will also be archived on the company’s investor relations page:

NexTech AR Solutions Corp. (OTCQB:NEXCF) (CSE:NTAR) (FSE:N29), an emerging leader in augmented reality for eCommerce, and Virtual Events, has announced that its CEO Evan Gappelberg and CFO Kashif Malik, will be hosting the companies live conference call after the close on August 25, 2020. The earnings will be released after the close and the call will begin at 4:30 EST. Details: Conference ID: 597-9019; Dial-in: +1 (435)-777-2200; Toll-Free +1 (800) 309-2350. The presentation will be followed by a question and answer session. For those unable to join the live event, a recording of the presentation will be posted later on the company’s website.

Fidelity Minerals Corp (CVE:FMN) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced August 10, 2020, which sees the issue of 7,668,121 shares Pat a purchase price of 6 cents per share, together with 7,668,121 share purchase warrants with an initial exercise price of 7 cents and a two-year term to expiry with 11 placees.

The Flowr Corp (CVE:FLWR) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced August 5, 2020, which sees the issue of 961,538 shares at a purchase price of 52 cents per share, together with 961,538 share purchase warrants at an exercise price of 76 cents for a period of three years with one placee.

Metalla Royalty and Streaming Ltd (CVE:MTA) said the TSX Venture Exchange has accepted for filing a royalty purchase and sale agreement dated July 27, 2020, between the company and Streaming Ltd., NuEnergy Gas Ltd., and Sheraton Pines Pty. Ltd. – a wholly-owned subsidiary of NuEnergy – whereby Metalla has acquired a 2.5% net smelter return (NSR) royalty payable on gold produced on Kirkland Lake’s operating Fosterville mine in Victoria, Australia, for a consideration of A$2 million in cash and 467,730 common shares.

Story by ProactiveInvestors


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