NA Proactive news snapshot: Alternus Energy, Falcon Gold, Vuzix Corp, HealthLynked UPDATE ...

Alternus Energy Group PLC (OTCMKTS:ALTN) has announced the acquisition of KKSOL S.r.l and its 557 kWp operational rooftop solar photovoltaic (PV) power plant located in the province of Acona in Italy.  This acquisition is the first of four parks being purchased from the same Italian seller and the company is in the process of completing the other three parks, expected in Q1 2021. Combined with Alternus Energy’s current acquisition programme, this will increase its operating capacity to over 140 MWp over the next few months. The total compensation for this acquisition is approximately €1.36 million after working capital adjustments, and the project will be financed from the proceeds raised in the successful placement of €110 million green bond fundraise in conjunction with the €27 million equity raise which was completed in December 2020.

Falcon Gold Corp (CVE:FG) (OTCPINK:FGLDF) has announced preliminary results for drill holes CC 20-10, CC20-11 and the upper half of CC20-12 from the company’s Central Canada gold mine project in northern Ontario, which included a visible gold sample that assayed 20.5 grams per tonne (g/t) gold over 0.3 metres (m). The company noted that the three holes reported penetrated the Central Canada main mine trend with gold mineralized intersections, with the balance of CC20-12 as well as the analyses for the final five holes of the program pending.

Vuzix Corporation (NASDAQ:VUZI) has announced an exciting new development with lighting industry leader Signify to further reduce latency for Vuzix Smart Glasses in areas where radio-based devices have poor-to-limited connectivity, such as inside factories and buildings. In a statement Thursday, Vuzix said its Smart Glasses are now compatible with Signify’s Trulifi, which provides wireless broadband connection and uses infrared and visible light to provide two-way wireless connectivity to IoT (Internet of Things) devices including smart glasses.

HealthLynked Corp (OTCQB:HLYK) has announced a partnership with athenahealth Inc via that company’s marketplace program. athenahealth is a network-enabled services company that offers medical records, revenue cycle, patient engagement, care coordination and population health services for hospital and ambulatory clients, HealthLynked noted. As part of the athenahealth Marketplace, the newly integrated HealthLynked application is now available to athenahealth’s network of 120,000 healthcare providers, the company added. The application offers patient check in via mobile device, care management, care coordination and seamless sharing of medical records among multiple healthcare providers through the HealthLynked Network.

Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) (FRA:LO51) announced additional assay results Thursday from the drilling program at its roughly 85%-owned Imbo Project in the Democratic Republic of the Congo. The deepest borehole drilled to date at its flagship Adumbi deposit, LADD007, intersected 55.43 metres grading 2.76 grams per ton (g/t) gold (Au), including 12.45 metres grading 8.11 g/t Au. The company also received results from core hole LADD006, which was a shallower hole drilled on the northeastern contact of the Adumbi deposit. Drilling results included an intersection of 15.2 metres grading 1.67 g/t Au.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) has announced Thursday the completion of its acquisition of the intellectual property assets of Digital2Go Medial Networks Inc, also known as Locally. Loop said Locally is a technology company focused on providing location data intelligence and real-time consumer engagement. The company noted that the location-based services market was valued at $28.95 billion in 2019, according to Allied Market Research. 

Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB) said it expects to generate strong free cash flow in 2021 from organic portfolio growth as it reported a big jump in net income and revenue for 2020. For the 12 months to December 30, 2020, the royalty group posted net income of US$20.1 million, up from US$2 million in 2019.  Revenue came in at US$26.8 million for the year, up from US$17.4 million in 2019. The group’s cash operating margin was 90% in the year, down from 96% in 2019, while gold equivalent ounces sold (GEOs) was reported at 14,870, up from 12,233 in 2019.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC) announced Thursday that the COVID-19 PCR tests at its KAI Medical Laboratory in Dallas are able to accurately detect the UK and South African variants of the coronavirus.  The KAI Lab testing protocol tests for parts of the viral genome not impacted by mutations in the spike protein, which means that the active virus in a patient’s RNA genetic sequence can be detected even in the new variants.  “The Kai Labs motto of ‘Inspire by science, built on integrity’ is displayed so accurately as the team of molecular scientists took it upon themselves to validate our test protocols against pervasive new COVID-19 variants.”  Empower CEO Steven McAuley said in a statement.

Numinus Wellness Inc (CVE:NUMI) (OTCMKTS:LKYSF) (FRA:LR23) updated Thursday on the progress of its first-of-its-kind trial in Canada for MDMA-assisted therapy for treating patients with posttraumatic stress disorder (PTSD).  The study, which is in collaboration with MAPS Public Benefit Corporation (MAPS PBC), subsidiary of the Multidisciplinary Association for Psychedelic Studies (MAPS), has successfully transitioned into the ‘pre-implementation stage’ at Numinus’ Vancouver clinic, the company said in a statement. 

Recruiter.com Group Inc (OTCQB:RCRT) announced Thursday the launch of its new-to-market product Scouted by Recruiter.com — a highly specialized candidate curation tool that leverages the power of artificial intelligence and talent experts to help hiring managers recruit top talent faster. “Companies spend over $4,000 for each hire they make; Recruiter.com can help both reduce this up-front cost and deliver an increased return on investment,” said CEO Evan Sohn in a statement. “Our Scouted product reduces the time-to-hire with video and AI-enabled curation, which saves time and money for hiring managers. Our candidate pool focuses on a specific segment of very high-potential, analytical candidates, who significantly raise the talent density of an organization, helping to achieve a better return on human capital investment.”

Mind Medicine (MindMed) Inc (NEO:MMED) (OTCQB:MMEDF) (FRA:MMQ) announced a cash-and-stock deal to acquire HealthMode, a digital medicine and therapeutics start-up that uses Artificial Intelligence (AI)-enabled digital measurement to increase the precision and speed of clinical research and patient monitoring. MindMed said it will pay about C$300,000 in cash and issue 8.3 million subordinate voting shares, which would value HealthMode at about C$41.3 million. The acquisition is expected to help the company build a full-stack digital mental health platform for psychedelic medicines. 

Bragg Gaming Group Inc (TSX:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) has hailed the Canadian government’s vote on Bill C-218 on Wednesday to legalize single-event sports betting, ending a decades-long prohibition on the practice. The B2B gaming technology provider said Bill C-218 will decriminalize new forms of sports gambling in Canada. It said while Canadians across the country are currently permitted to place bets on a series of sports events, a form of parlay betting, they are prohibited from placing a bet on an event in, or on an outcome of, a single game or match. 

Real Luck Group Ltd (CVE:LUCK) (OTCMKTS:LCKKF), the operator of esports betting site Luckbox, praised the Canada House of Commons for advancing bills that would legalize single-event sports betting in the country.  ”This overwhelming result shows there is cross-party support for an amendment to what is an outdated law and very welcome for organisations like ours, which offer safe, responsible and enjoyable wagering on events,” Luckbox CEO Quentin Martin said. “This outcome is another significant step towards being able to offer safer[wagering] to the millions of sports and esports fans in Canada.”

FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) (FRA:4UY) on Thursday applauded the advancing legislation to legalize single-event sports betting in Canada. The House of Commons on Wednesday passed Bill C-218 by a vote of 303-15. Known as The Safe and Regulated Sports Betting Act, the bill repeals a section of Canada’s criminal code, which makes wagering on a single sporting event illegal. The bill will now enter into the last phase of hearings with the Justice Committee before moving to the Senate and then to Governor-General for Royal Assent.

GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) revealed the results from an updated prefeasibility study on its Madaouela uranium project on Thursday that reduced the capital and operating costs required. Operating cash costs over the first four years of the mine life were reduced by 20% (US$4.70 per pound) to US$18.30 per pound of U3O8, and capital costs shrank by 8% or US$29 million. In a statement, GoviEx told shareholders that the updated prefeasibility study (PFS) succeeded in delivering a project that is “technically robust and significantly simplified,” reducing development and operational risk. The firm is planning an open pit scenario to begin at the Miriam deposit in order to improve cash flows in the early years of the project, while achieving it at a much lower uranium price with potential for attractive debt financing.

Medallion Resources Ltd (CVE:MDL) (OTCQB:MLLOF) (FRA:MRDN) said it had acquired the licence for the exclusive rights to a university-developed rare earth element (REE) separation process to advance its business aims. The license, acquired through Hasler Ventures, gives the company a portfolio of technology, patents, and knowhow for so-called ligand-assisted displacement (LAD) chromatography. 

Globex Mining Enterprises Inc. (TSE:GMX) has noted a press release by its partner, Excellon Resources Inc. announcing a new silver, gold, lead zinc discovery on the Silver City project in Saxony, Germany optioned from Globex. The group said that of particular note is the following comment: “This high-grade silver discovery at Grauer Wolf adds a fourth priority area for follow-up in our 2021 drilling program at Silver City,”

KushCo Holdings, Inc. (OTCQX:KSHB), a premier provider of ancillary products and services to the legal cannabis and CBD industries, has announced that a putative shareholder class action filed on April 30, 2019, in the United States District Court, Central District of California, Case No. 8:19-cv-00798-JLS-KES, against the company and certain of its current and former officers, has been dismissed in its entirety with prejudice, bringing the case to an end. “We are pleased that the Court agreed so completely that this class action lawsuit was without merit, and granted our motion to dismiss,” said Nick Kovacevich, KushCo’s co-founder, chairman, and chief executive officer in a statement. “We consistently and truthfully denied wrongdoing in this matter and, for our shareholders’ benefit, are glad to bring this litigation to an end without any payment by the Company. KushCo’s entire management team and Board of Directors take their disclosure obligations very seriously, and we continue to reaffirm our commitment to be as transparent as possible with the investor community.”

Phunware, Inc. (NASDAQ:PHUN), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, said it has closed its previously announced underwritten public offering of common stock, effective February 12, 2021. Phunware sold a total of 11,761,111 shares of its common stock in the offering, after the underwriter’s partial exercise of its overallotment option. Net proceeds to Phunware from the offering were approximately $24.7 million, after deducting underwriting discounts and commissions and other estimated offering expenses. Northland Securities Inc. and Roth Capital Partners acted as joint book-running managers for the offering.

Eric Sprott announced on Wednesday that, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 3,925,000 common share purchase warrants of Pure Gold Mining Inc. (CVE:PGM) (LON:PGM) at a price of $1.10 per warrant for aggregate consideration of approximately $4,317,500, through a private agreement with a single vendor (representing an increase in holdings of approximately 2.3% on a partially diluted basis from what was reported in the last early warning report). Sprott now owns and controls 47,868,421 Pure Gold common shares and 21,925,000 warrants, (representing approximately 12.1% of the issued and outstanding common shares on a non-diluted basis, and approximately 16.8% on a partially diluted basis assuming exercise of the warrants). Prior to this acquisition, Sprott beneficially owned and controlled 47,868,421 common shares and 18,000,000 (representing approximately 12.1% on a non-diluted basis, and approximately 16% on a partially diluted basis). Sprott said he has a long-term view of the investment and may acquire additional securities of Pure Gold Mining including on the open market or through private acquisitions or sell securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Bam Bam Resources Corp (CVE:BBR) confirmed on Wednesday that it has split its issued and outstanding common shares on a three-new-for-one-old basis. Each shareholder on record as of the close of business on the record date will receive two additional shares for each share held on such date. The shares will begin trading on a split basis (ex distribution) on February 22, 2021. Upon completion of the split, there will be approximately 76,409,853 shares issued and outstanding. In a separate statement on Wednesday, Bam Bam Resources also said that an issue of warrants have been approved for listing. Each warrant shall entitle each warrant holder, upon exercise at any time after the issue date and prior to the expiry time, to acquire one common share upon the payment of the exercise price of 25 cents.

Nova Royalty Corp (CVE:NOVR) said the TSX Venture Exchange has accepted for filing documentation pertaining to two purchase agreements between the company and two arm’s-length parties, whereby Nova Royalty has acquired a combined, existing 0.18% net smelter return (NSR) royalty interest on the Taca Taca copper-gold-molybdenum project, located in Salta province of Argentina, and wholly-owned by First Quantum Minerals Ltd. Together with the company’s previous acquisition of a 0.24% interest in the Taca Taca NSR royalty, it will now hold an aggregate 0.42% interest. The aggregate purchase price for the NSR royalties included an upfront cash payment of US $3 million and the issuance of 4,545,454 common shares of the company on closing. A finder’s fee equal to 2% of the transaction value was payable in common shares based on the five-day volume-weighted average price (VWAP) prior to closing, resulting in the issuance of 103,359 shares to Jose Manual Borquez of Santiago, Chile.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Ceres Acquisition Corp. (NEO:CERE.U) (OTCQX:CERAF), a special purpose acquisition corporation, has qualified to trade on the OTCQX Best Market. “We are pleased to welcome Ceres Acquisition Corp., a SPAC that raised $120 Million in connection with its IPO, to the OTCQX Market,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. “Ceres Acquisition Corp. utilizes their disclosure on the NEO Exchange to efficiently cross-trade their shares in the US. on OTCQX, enabling them to provide efficient access to information and trading for US investors and to grow and diversify their shareholder base.” Joe Crouthers, chairman & CEO of Ceres Acquisition added: “We are excited to announce that Ceres Acquisition Corp. will now be traded on the OTCQX. This move will increase visibility with prospective United States investors and make it easier for them to participate.”

The Valens Company Inc. (TSX:VLNS) (OTCQX:VLNCF) has said it will issue its fourth quarter and fiscal year 2020 financial results for the period ended November 30, 2020, on Wednesday, February 24, 2021, after markets close. The company added that it will host a conference call the following day, Thursday, February 25, 2021, at 11.00am Eastern Time / 8.00am Pacific Time to discuss the financial results and business outlook. Tyler Robson, the company’s chief executive officer, Chris Buysen, its chief financial officer, Jeff Fallows, its president, and Everett Knight, executive vice president of Corporate Development and Capital Markets, will be conducting a question-and-answer session following the prepared remarks. Participant Dial-In Numbers: Toll-Free:  1-877-407-0792; Toll/International:  1-201-689-8263; Participants should request The Valens Company Earnings Call or provide confirmation code 13716273. The call will be available via webcast on the investor page of the company website at https://thevalenscompany.com/investors/. A replay of the call will also be available on the investor page approximately two hours after the conference call has ended.

Gevo, Inc. (NASDAQ:GEVO) has said that it will host a conference call on March 18, 2021, at 4.30pm EST (2.30pm  MST) to report its financial results for the fourth quarter ended December 31, 2020, and provide an update on recent corporate highlights. To participate in the conference call, investors should dial (833) 729-4776 (inside the US) or (830) 213-7701 and reference the access code 3178466#. A replay of the call will be available two hours after the conference call ends on March 18, 2021. To access the replay, please visit https://edge.media-server.com/mmc/p/xhvdnuqd. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com

TRACON Pharmaceuticals (NASDAQ:TCON), a clinical-stage biopharmaceutical company has announced that it will report its fourth-quarter and full-year 2020 financial and operating results after the close of US financial markets on Thursday, February 25, 2021. In addition, management will host a conference call to provide an update on corporate activities and discuss the financial results on February 25, 2021, at 4.30pm Eastern Time (1.30pm Pacific Time). Conference call and webcast details: Dial-in (855) 779-9066 (Domestic) or (631) 485-4859 (International); Passcode: 5681569. Via web at www.traconpharma.com at the Events and Presentations section within the Investors section. A replay of the webcast will be available for 60 days on the website

Story by ProactiveInvestors