NA Proactive news snapshot: Trillion Energy, TomaGold, NexTech AR Solutions, InnoCan Pharma, GSRX Industries ...

Trillion Energy International Inc (CSE:TCF) (OTCMKTS:TCFF) (FRA:3P2N), the oil and gas producer, is in talks with drilling companies over starting re-development work at its SASB gas field in the Black Sea after coronavirus (COVID-19) delayed plans last year. In the Phase III work program, the plan is to sink five new wells at the shallow water asset and conduct two or more workovers. It is targeted to exploit proven and probable gas reserves with a net present value to the company after all costs of US$79.5 million. 

TomaGold Corp (CVE:LOT) (OTCMKTS:TOGOF) (FRA:OTM) has reported encouraging preliminary results from drilling at its Obalski property in Quebec, saying the first three holes had hit the target zones. The company is carrying out a 2,500-metres (m) drill program at the gold, silver, copper project in the Chibougamau mining camp and said the three holes had intersected the A, C, D and A-Po zones.

NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) announced that it has sold its entire holdings of around 130.187 Bitcoins, realizing a profit of about $200,000. “Our investment in Bitcoin in the past was part of our capital diversification strategy with the intent to maximize long-term value for our shareholders. This sale reflects our awareness that something potentially has changed with Bitcoin, which is seen as the digital version of gold,” NexTech AR Solutions CEO Evan Gappelberg said in a statement. 

InnoCan Pharma Corporation (CSE:INNO) (OTCMKTS:INNPF) (FRA:IP4) said Friday that it would carry out a successful manufacturing demonstration of its liposome platform technology (LPT) to produce CBD-loaded liposomes under aseptic conditions with the Hebrew University, in Jerusalem. The company touted the development as an “important milestone” in the production of CBD-loaded liposomes, as it now permits animal studies and at a later date, human clinical studies ─ both of which bring the product closer to market. 

GSRX Industries Inc (OTCPINK:GSRX) announced Friday that its board of directors has approved a rebranding of its corporate identity.  In addition, the company said it is opening a new business vertical in the restaurant industry, focusing on the growing opportunities in underserved markets and will relocate its corporate headquarters to Pennsylvania from Puerto Rico. ”The rebranding of the GSRX corporate identity is part of the company’s ongoing strategy to evolve its business and create a foundation for new opportunities,” said Interim CEO Troy Nihart in a statement.

Loop Insights Inc (MTRX:CVE) (OTCQB:RACMF) will showcase its venue management platform once again after being selected by bdG Sports to handle the Paiute Las Vegas Championship, a golf tournament held April 12-18. The event is part of the Korn Ferry Tour, which acts as the developmental circuit for the US PGA Tour. It features professional golfers, who either haven’t reached the PGA Tour or failed to win enough FedEx Cup points to remain eligible. The tournament will feature 156 players competing for a $600,000 purse and serves as one-leg of a season-long points race to earn a PGA Tour Card.

Melkior Resources Inc (CVE:MKR) (OTCMKTS:MKRIF) (FRA:MEK1) announced Friday the commencement of 700 meters (m) of drilling at the Maseres property in the Urban-Barry camp. The program in Quebec will consist of four holes to test the re-interpreted up-ice target from previously identified till and soil anomalies, the company said in a statement. Melkior said it determined this target through re-evaluating its geochemical data, following a till survey completed on the Maseres Property during the summer of 2020. The till survey was conducted to confirm previously known soil sample anomalies defined in 2019 by the company.

Vox Royalty Corp (CVE:VOX) confirmed it has closed its previously announced acquisition of a portfolio of royalties from Breakwater Resources Ltd and some of its affiliates for a total of C$1,125,001 in cash and shares. As reported last November, the original deal comprised of eight precious and base metals royalties, but three were not included at closing, as is typical of such a transaction, due to the exercise of a right of first refusal (ROFR) or other conditions not being satisfied. Not included in the completed deal are the Eau Jaune 2% net smelter return (NSR) in Quebec and BMC Minerals’ 0.45% NSR at the Toe-On exploration asset in Yukon, noted Vox.

Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB) announced preliminary gold and silver sales from its royalty portfolio showing the firm generated US$6.8 million from 3,587 gold equivalent ounces sold in 4Q.  The Montreal-based royalty company said that preliminary revenues for the year ended December 2020 came in at US$29.9 million, a figure which includes cash acquired from the Bonikro gold stream, which Nomad closed in May 2020. 

Bioasis Technologies Inc. (OTCQB:BIOAF) (CVE:BTI), a pre-clinical, research-stage biopharmaceutical company developing its proprietary xB3 platform technology for the delivery of therapeutics across the blood-brain barrier and the treatment of central nervous system disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases, said it has granted stock options to acquire a total of 510,000 common shares effective January 21, 2021, at a price of $0.50 per share to a newly appointed director of the company. The options expire five years from the date of the grant, are subject to vesting and are governed by the terms of the company’s stock option plan.

Silvercorp Metals Inc’s (NYSEAMERICAN:SVM) (TSE:SVM) (FRA:S9Y) newly-acquired Zhonghe silver project in Henan province provides the miner with much-needed growth potential for minimal initial investment, says broker Roth Capital Partners, which has repeated a Buy rating and hiked its target price. Yesterday, the group reported it had successfully bid for the exploration rights for the asset via an online auction, offering RMB 495 million, or around US$76 million. Broker Canaccord also described the acquisition of the Zhonghe rights as “another smart transaction by SVM management”. It repeated a Buy stance and its C$11 price target on the stock.

Victory Resources Corporation (CSE:VR) (FRA:VR61) (OTCPINK:VRCFF) has announced a non-brokered private placement of up to $500,000 by the issuance of units at $0.075 per unit. Each unit consisting of one common share and one warrant entitling the holder to subscribe for one additional common share at $0.08 for two years, subject to the right of the company to accelerate expiry of the warrants in the event that its shares trade at $0.15 for a period of 10 trading days, including days on which there was no trading. Victory said it intends to use the proceeds for general working capital, acquisitions and work programs on its existing exploration properties in Nevada and British Columbia, and any additional properties the company may acquire.

HempFusion Wellness Inc. (TSX:CBD.U) (FRA:8OO), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, said it will celebrate the company’s listing on the Toronto Stock Exchange (TSX) by virtually ringing the opening bell at 9.30am. ET on Friday. As previously announced, HempFusion completed its $17,000,000 initial public offering and commenced trading on the TSX on January 6, 2021. “It’s an honor to complete our initial public offering and listing on Canada’s most senior stock exchange, and we greatly appreciate the opportunity to ring the opening bell this morning,” commented Jason Mitchell, HempFusion’s co-founder and CEO. Dr Mitchell will be joined in the virtual ceremony by the company’s senior management, board of directors and other key HempFusion team members. A live webcast of the TSX opening bell ceremony will be available beginning shortly before 9.30am. ET on BNN Bloomberg: https://www.bnnbloomberg.ca/

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that AiXin Life International, Inc. (OTCQX:AIXN), focused on providing nutritional products in China and advertising and marketing services to distributors of nutritional products in China, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Quanzhong Lin, chairman and CEO of Aixin Life commented: “Aixin Life is proud to make this step up to the OTCQX.  The Company and I will continue to strive to adopt corporate governance practices that will ensure that we are doing our utmost to provide investors with all appropriate information regarding our company.  As our business grows in China, we will seek to increase our visibility in the United States to appeal to a more diverse investor base.  I personally am honored by OTCQX’s recognition of the quality of our company and management team

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that Integrated BioPharma, Inc. (OTCQX:INBP), a vitamins, nutritional supplements and herbal products company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. “Moving from the OTCQB to the OTCQX Market is another great achievement for the Company as we continue to grow and strive to increase shareholder value,” said E. Gerald Kay, executive chairman of Integrated BioPharma, Inc.

Story by ProactiveInvestors