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NA Proactive news snapshot: HighGold Mining, Namaste Technologies, BetterLife Pharma, Revive Therapeutics, Gungnir Resources ...

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HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) continues to receive encouraging drill results from Alaska, where latest assays show the Johnson Track (JT) deposit at its flagship gold project could be extended at depth and down-plunge. This year’s drilling campaign has now finished at the explorer’s JT project for 16,420 metres (m) in 33 holes, and today’s assays come from four, with 23 still pending. HighGold CEO Darwin Green said in a statement that the results highlighted the “opportunity to add high-tonnage/high-value mineralization with each new step-out hole. Observations of drill core from these and subsequent holes (for which assays are still pending) suggest the JT Deposit remains open for continued expansion down-plunge and that not all of it is faulted-off at depth as was previously interpreted,” he said.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) has entered into a share purchase agreement to acquire the remaining 49% interest in CannMart Labs Inc for full ownership of the cannabis extractor. Under the terms of the proposed transaction, it will acquire the remaining stake from MKD Holdings Inc and JLLS Holdings Inc in exchange for a purchase price of $4,034,000, Namaste said in a statement Wednesday. The company noted that CannMart Labs facility in Ontario has been completed for BHO (butane hash oil) extraction using leading extraction technology, making it one of only a few facilities in Canada with such capabilities. The lab’s application is in the final phase for a processing license from Health Canada.

BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU), a biotech company focused on interferon (IFN) based therapeutics, updated investors Wednesday on the progress of its AP-003 COVID-19 clinical trials using inhaled interferon alpha 2b. While recent advancements in vaccines may seem to provide a glimmer of hope for bringing the pandemic to a close, it remains to be seen how safe and effective they will be, the company said. That means the need for life-saving COVID-19 remains significant. AP-003, as both a treatment and preventative, may well provide the solution for this unmet need, following the conclusion of its imminent trials in Australia. AP-003 and the Pfizer vaccine both utilize interferons, which are a natural part of the body’s innate immune system but that are blocked by the coronavirus. 

Revive Therapeutics Ltd (CSE:RVV) (OTCMKTS:RVVTF) (FRA:31R) has entered into an exclusive research collaboration agreement with PharmaTher Inc to accelerate the development of psilocybin to treat cancer and the discovery of novel uses of undisclosed psychedelic compounds. PharmaTher is a wholly-owned subsidiary of Newscope Capital Corporation (CSE:PHRM), a specialty psychedelics pharmaceutical company. “Revive continues to be focused on developing novel uses for psilocybin that leverages our proprietary oral thin film delivery technology as a differentiated therapeutic approach,” said Revive CEO Michael Frank in a statement Wednesday. “We are excited to advance the development of PharmaTher’s recent discovery in the potential of psilocybin to treat certain cancers such as liver carcinoma, melanoma, breast neoplasms, kidney neoplasms and acute myeloid leukemia.”

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) said it plans to increase spend at its Rormyrberget and Lappvattnet nickel sulphide deposits in Sweden next year after a highly positive updated mineral resource on the assets. Rormyrberget, for example, was shown to contain three times the amount of contained nickel than was reported in the most recent historical estimate in 2009. According to the 2020 CIM-compliant estimate, Rormyrberget houses 154 million pounds of nickel at 0.19%, compared to the historical 48.7 million pounds at 0.35%. Estimated at Lappvattnet is 23.1 million pounds of nickel at 1.35%, compared to 22.9 million pounds at 0.91% from 2009.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) (FRA:7BC) aims to have its Keef and Cali-Bloom drinks products on shelves across Canada in the first quarter of 2021, it told investors, as the firm revealed it had submitted notice of new cannabis product (NNCP) forms to regulator Health Canada. In a statement on Wednesday, BevCanna also said first-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines.

New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUPMF) (FRA:3N7) said that further to its news releases in July and August this year, it has received conditional approval from the Toronto stock exchange to complete the spin-out of Whitehorse Gold Corp shares to New Pacific shareholders by way of a share exchange under a court approved plan of arrangement. The firm announced that the effective date of the spin-out will be November 18 this year and it will be completed following the market close on that date.

True Leaf Brands Inc (CSE:MJ) (OTCPINK:TRLFF) (FRA:TLA) late Tuesday said it is set to emerge from creditor protection after closing its previously-announced refinancing transaction. The company added that it will reacquire its True Leaf Cannabis Inc and True Leaf Investments Corp assets in a merger agreement with a private group of investors involved in the restructuring agreement, which also includes the participation of Lind Asset Management XV, The Australian Special Opportunity Fund, Canguard Mortgage Investment and its affiliates.

Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) (FRA:2EYA) said it had closed its previously announced non-brokered private placing for gross proceeds of C$2.050 million, after it issued over 16 million units at C$0.1275 each, with each unit comprising one company share and one share purchase warrant. Each warrant (which are subject to an acceleration clause) will entitle the holder to buy one share at an exercise price of C$0.40 each up to November 16, 2022. The firm intends to use the net proceeds from the financing for general working capital.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) said Wednesday it was selected to join the Impact Radius Marketplace, a global affiliate marketing platform. Inclusion in the marketplace will allow Loop to generate revenue through global brand affiliate marketing programs aimed directly at consumers, the company told shareholders. Vancouver-based Loop can also connect and leverage marketing opportunities with Impact’s global brand partners like Uber, Nike, Airbnb and Levi’s.

KushCo Holdings Inc (OTCQX:KSHB), the provider of ancillary products and services to the legal cannabis and CBD industries, has outlined its schedule of virtual financial conferences it is attending in November and December this year. The company will feature at the Jefferies Virtual West Coast Consumer Conference on November 18 at 12.20pm ET. It will also be at the Cowen 2020 Boston Cannabis Conference on December 1 at 12.40pm ET. KushCo is also attending the ROTH Virtual Deer Valley Consumer Event on December 10, it said. In a statement, the group said that to schedule a one-on-one meeting, request a conference invitation or receive additional information, people should contact KushCo’s investor relations at [email protected] or 714-539-7653. To be added to KushCo’s email distribution list, they are asked to email [email protected] with ‘KushCo’ in the subject line.

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) CEO Evan Gappelberg will be presenting at a special Proactive Livestream on Thursday, focusing on the company’s augmented reality innovations, which have spurred high-octane growth. Gappelberg will touch on the company’s third-quarter bookings and revenue, which jumped by triple digits year-over-year. The live presentation will take place at 1:00 pm ET on November 19. The Zoom passcode is 519400.

Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) Wednesday reported initial drill results from its newly-acquired Spargos Project in Western Australia, which included 29.8 grams per tonne (g/t) gold over 19.0 metres.  The company noted that these drill results, part of a 12,000 metre drill program at Spargos, are all within about 100 metres of surface and could potentially be included in an expanded open pit scenario. It also expects a new Spargos Mineral Resource to be included in the company’s upcoming fourth quarter mineral resource and reserve update. 

Story by ProactiveInvestors


Source: https://www.proactiveinvestors.com/companies/news/934300/na-proactive-news-snapshot-highgold-mining-namaste-technologies-betterlife-pharma-revive-therapeutics-gungnir-resources--934300.html


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