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NA Proactive news snapshot: MindMed, Ridgeline Minerals, Nextech AR Solutions, QC Copper and Gold …

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Mind Medicine (MindMed) Inc (NEO:MMED) (OTCQB:MMEDF) (FRA:MMQ) announced Wednesday the start of the first-ever clinical trial measuring and evaluating MDMA and LSD used in combination in the human body. The trial will be conducted at the University Hospital Basel Liechti Lab in Basel, Switzerland. If administered in combination with LSD, MindMed said that MDMA may increase positive subjective drug effects, including positive mood and empathy, and reduce the negative emotions and anxiety that are sometimes associated with LSD – producing an overall more positive experience.

Ridgeline Minerals Corp (CVE:RDG) (OTCMKTS:RDGMF) (FRA:0GC0) said it had expanded its previously announced silver-gold discovery via drilling at the Selena project in White Pine County, Nevada. Wide-spaced drilling has now defined a footprint that outcrops at surface and continues down-dip and along strike for over one kilometer (km), the firm said.

Nextech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) announced Wednesday that Microsoft’s Azure cloud services platform will be offered across its virtual experience platforms and consumer apps going forward. Adding Azure allows NexTech to offer hyper-scalable, secure and immersive cloud-based events and applications for users, the company said. Events across the education, hospitality, health and professional services industries will be able to accommodate a 20X increase in concurrent users with Azure in the mix.

QC Copper and Gold Inc (CVE:QCCU) (OTCMKTS:QCCUF) announced that its 20,000-metres (m) drill program at the Opemiska Copper Mining Complex in Quebec is scheduled to start on January 25. The company said the drill program comprises 75 drill holes distributed between the Opemiska Project’s Springer and Perry mines to delineate a near-surface, in-pit mineral resource. QC Copper also noted that it has hired professional geologist Denis McNichol, who has 30 years of geological and geophysical exploration experience primarily in the Abitibi, to lead the diamond drilling program. 

NEXE Innovations Inc (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX5), a leader in plant-based compostable technology and advanced materials innovation, on Wednesday announced the expansion of its research, development and manufacturing facility in Surrey, British Columbia. In a statement, the Vancouver-based company said it will be doubling its footprint from its existing about 10,000 square foot to around 20,000 square foot. The expansion will include increased space for laboratories, factory floor and offices. ”Our company is poised for immediate growth in production capacity, research activity, and personnel,” said NEXE Innovations CEO Darren Footz. 

Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) announced Wednesday that its portfolio company Immersive Tech has launched a premiere new Location-Based Entertainment (LBE) VR attractions division named UNCONTAINED. Victory Square said the new division will capitalize on the growing demand for COVID-safe attractions, and UNCONTAINED will be the world’s first free-roam interactive virtual reality (VR) franchise attraction built for a COVID-world within shipping containers. The experience will allow for up to six players to roam freely within the container while interacting inside a digital environment as a team while making decisions that help guide and define the story.

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) has reported a positive pre-feasibility study (PFS) for its Springpole gold project in Ontario, marking a major milestone in the development of the asset, which is one of the largest undeveloped open pit projects in Canada. The study envisages recovering gold and silver from a 30,000 tonne-per-day (tpd) operation, with a process plant, which includes crushing, grinding and flotation. 

Gevo Inc (NASDAQ:GEVO) revealed on Wednesday that it has struck definitive agreements with institutional and accredited investors for the sale of around 43.75 million shares through a registered direct offering to raise gross proceeds of $350 million to fund projects and as working capital. In a statement, the Englewood, Colorado-based company said it entered into the agreements with institutional and accredited investors for the sale of 43,750,000 shares at a purchase price of $8 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about January 22, 2020, subject to the satisfaction of customary closing conditions.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) told investors that its on-going mobile MT (MMT) geophysical survey at its flagship lost Cities – Cutucu project in south-eastern Ecuador had identified the likely centre of the iron oxide copper gold (IOCG) system at the property.  A total of 1,891 metres (m) were drilled at the so-called Tsenken N2 and N3 targets, while the geophysical survey identified two closely – spaced features that are likely to be the sulphide-rich centres of the target area, around 1.5 kilometres (km) to the north of the drilling area, the company said.

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) said Wednesday that experienced mining industry executive Rodrigo Calles-Montijo will join its board of directors and the group’s management team as exploration and corporate development manager, responsible for Mexico. The geologist has over 30 years’ experience and he has worked for the likes of Rio Tinto (LON:RIO) and SRK Consulting. He has also acted as an independent consultant. Tocvan is advancing its Pilar gold-silver project in Sonora state in Mexico and Calles-Montijo has been an “integral” part to the success of operations there so far, noted the company.

Bragg Gaming Group (CVE:BRAG) (OTCMKTS:BRGGF) said it has satisfied its earn-out payment obligations owed to K.A.V.O. Holdings Limited. Immediately prior to the completion of the transaction, Matevž Mazij had beneficial ownership of and exercised control or direction over 1.49% of the issued and outstanding Bragg common shares. Following completion, Mazij will become a “control person” of the company and exercise control or direction over 27.02% of the outstanding common shares on a non-diluted basis. The transaction is subject to final approval by the TSX Venture Exchange, and issued to satisfy the second earn-out payment will be subject to a statutory 4-month hold period. “We’re pleased that Matevž has demonstrated such strong conviction in Bragg’s future,” said Adam Arviv, CEO of Bragg Gaming. “His unparalleled knowledge of gaming technology and content will be invaluable to Bragg as we continue our global expansion.” Mazij added:  “I’m excited to continue to play a role in Bragg’s growth. With our market-leading technology and strong pipeline, I’m confident that the Company is on track to be a leader in the rapidly expanding global gaming market.”

Highgold Mining Inc (CVE:HIGH) said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on December 15, 2020, which will see the issue of 1.85 million flow-through shares at a purchase price of $2 per flow-through share with 17 placees.

Goldcore Resources Ltd (CVE:GEM) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on October 27, 2020, and December 15, 2020, which will see the issue of 15 million shares at a purchase price of 10 cents per share, together with 15 million share purchase warrants with an exercise price of 20 cents for a two-year period, with 59 placees.

DGTL Holdings Inc. (CVE:DGTL) (OTCQB:DGTHF) (FRA:A2QB0L) announced that it has completed the previously announced non-brokered private placement financing which saw the issue of 2,272,727 common shares at a price of $0.44 per share, for aggregate gross proceeds of $1,000,000. All of the securities issuable in connection with the offering will be subject to a hold period expiring four months and one day after date of issuance, in accordance with Canadian securities laws. The offering has received the conditional approval of the TSX Venture Exchange and remains subject to final approval by the TSX Venture Exchange.

Golden Arrow Resources Corporation (CVE:GRG) (FRA:G6A) (OTCQB:GARWF) said it has made an application to the TSX Venture Exchange to extend the term of 15,804,012 outstanding warrants as follows: 11,051,611 warrants that are set to expire on February 25, 2021, 1,290,367 warrants that are set to expire on March 5, 2021 and 3,462,034 warrants that are set to expire on March 21, 2021 to be extended to February 25, 2023, March 5, 2023 and March 21, 2023 respectively. These warrants were originally issued as part of the units under a single private placement completed by the company in three tranches on February 25, 2019, March 5, 2019 and March 21, 2019 respectively. The exercise price of the warrants will remain at $0.40.  Each whole warrant, when exercised, will be exchangeable for one common share of the company. Golden Arrow also announced that it has granted 4,655,000 incentive stock options to directors, officers, employees and consultants of the company. The options are set for a period of five years, expiring on January 19, 2026, and each option will allow the holder to purchase a common share of the company at a price of $0.25. The options are subject to a 4 month hold period from the date of grant and TSXV approval.

Algernon Pharmaceuticals Inc (CVE:AGN) has confirmed that its warrants will expire on January 21, 2021. Trading in the warrants will be halted at noon and they will be delisted at the market close on January 21.

IEC Electronics Corp. (NASDAQ:IEC) has announced that it will host a conference call on Wednesday, February 3, 2021, at 10.00am Eastern Time, to discuss its financial results for the fiscal first quarter of 2021, ended December 31, 2020. The conference call may be accessed in the US and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for 30 days after the call and may be accessed domestically by dialing (877) 481-4010 and international callers may dial (919) 882-2331. Callers must enter conference ID: 39521. To access the live webcast, log onto the IEC website at: http://www.iec-electronics.com. The webcast can also be accessed at: https://www.webcaster4.com/Webcast/Page/2149/39521. An online replay will be available shortly after the call.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/939017/na-proactive-news-snapshot-mindmed-ridgeline-minerals-nextech-ar-solutions-qc-copper-and-gold--939017.html


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