NA Proactive news snapshot: Mountain Valley MD, Tinka Resources, Namaste Technologies, Progressive Planet Solutions UPDATE ...

Mountain Valley MD Holdings Inc (CSE:MVMD) (FRA:20MP) has announced that effective February 16, 2021, it will graduate from the OTC Pink Sheets and commence trading on the OTCQB Venture Marketplace (OTCQB) under the symbol ‘MVMDF’. “Trading on the OTCQB is an excellent advancement that will provide a large US investor base with the opportunity to participate directly in Mountain Valley MD’s growth,” said Dennis Hancock, president and CEO of Mountain Valley MD. “The OTC listing will contribute to our strategy to continue to enhance our share liquidity and broaden the reach and awareness of our global health and wellness innovations.”

Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) (FRA:TLD) announced that its Annual General Meeting of Shareholders will be held on Thursday, March 11, 2021, at 10:00 am PT, at Tinka’s headquarters located at Suite 1305 – 1090 West Georgia Street, Vancouver, British Columbia. The company’s Notice of AGM, the accompanying management proxy circular and related meeting materials have been sent out today to shareholders. The record date for the AGM is February 4, 2021. Copies of the Proxy Materials, as well as Tinka’s audited financial statements for the fiscal year ended September 30, 2020, are available for download on Tinka’s website at www.tinkaresources.com or under Tinka’s SEDAR profile at www.sedar.com. In light of the ongoing concerns related to the spread of COVID-19, and in order to mitigate the potential risks to the health and safety of all concerned, shareholders are strongly encouraged to vote their proxies in advance of the AGM by phone, email or online voting rather than attend the AGM in person. We ask that all questions which shareholders wish to raise be submitted to [email protected] in advance of the AGM.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) shares were boosted on Friday as the group announced its CannMart Labs Inc subsidiary had received a processing licence from Health Canada. It means the cannabis-focused group can leverage its existing sales licence through CannMart Inc to bring its manufactured products to Canada and expects to do so by the end of the second quarter this year. “This is a major catalyst for Namaste to generate material revenue through the sale of new and exciting cannabis products and by offering contract manufacturing services to our partners,” Meni Morim,  the CEO of Namaste, said in a statement.

Progressive Planet Solutions Inc (CVE:PLAN) announced that it has closed its non-brokered private placement financing comprising of 7 million units, at a price of C$0.20 per unit, for total gross proceeds of C$1.4 million. The proceeds of the private placement will be used for general working capital purposes.  Progressive Planet noted that one insider participated in this private placement.  David Richardson, a “control person” of the company by reason of holding, directly and indirectly, more than 20% of the company’s issued shares, purchased 725,000 units through his company Countryman Investments Ltd., for a total of $145,000. Each such unit of the private placement consists of one share and one share purchase warrant entitling the holder to purchase an additional share in the company for $0.25 per share if exercised on or before February 12, 2023. 

CleanSpark Inc (NASDAQ:CLSK) a developer of clean energy grid technology, posted fiscal first-quarter results that saw revenue more than double year-over-year, thanks to an expanded sales team and a newfound passion for bitcoin mining.  The company reported revenue of nearly $2.3 million, well above the $920,000 it brought in during the same period a year earlier. Its adjusted loss narrowed to $591,975, $0.03 per share, year-over-year from more than $1.7 million, $0.37 per share.

Recruiter.com Group, Inc. (OTCQB:RCRT) has unveiled a partnership with North 6th Agency (N6A), an outcome relations agency for emerging, midsize, and enterprise brands, to amplify efforts to bring video and AI technology to the forefront of the hiring market, reducing the time and cost associated with hiring employees in the US. “Video hiring technology is the democratizing force the job market needs right now — and it could dramatically reduce the time and cost associated with hiring employees. The US economy could save billions, and millions of unemployed people could finally get back to work,” Evan Sohn, CEO of Recruiter.com said in a statement.

Revive Therapeutics Ltd. (CSE:RVV) (OTCMKTS:RVVTF) said it has closed its previously announced bought deal prospectus offering of 46,000,000 units at a price of $0.50 per unit for aggregate gross proceeds of $23 million, which includes the exercise in full of the 15% over-allotment option. The speciality life sciences company, which is focused on the research and development of therapeutics for medical needs and rare disorders, said it intends to use the net proceeds for Phase 3 clinical costs for Bucillamine for coronavirus (COVID-19), Phase 1 clinical costs for Psilocybin for methamphetamine use disorder study, and other Psychedelic formulation development work as well as working capital and general corporate purposes.

New Pacific Metals Corp (TSE:NUAG) (OTCMKTS:NUPMF) (FRA:3N7A) reported it has nearly C$63 million in working capital as of the end of December 2020, according to its 4Q financial results released Friday. The $62.79 million will primarily be used to advance the company’s flagship Silver Sand project, with a portion dedicated towards exploration around the Silverstrike project. During the quarter, the company successfully completed the spin out of Whitehorse Gold Corp (CVE:WHG.V) (OTCMKTS:WHGDF) and its Tagish Lake gold project, a move that the Vancouver-based company said would allow shareholders to realize the value of the property in a strong gold price environment. 

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) said scout drilling has commenced at the Tsenken N1 target at its Lost Cities – Cutucu project in Ecuador. The exploration company said the target is a copper-silver mineralized zone exposed at surface, with an underlying area of interest having been identified in MobileMT data. It added that the mineralized zone is expected to be intersected at 75 metres (m) to 100m below surface, while the MobileMT target is at about 700m depth. Previous surface sampling has also yielded results of up to 7.1% of copper and 55 grams per tonne (g/t) of silver. 

Predictiv AI Inc (CVE:PAI) (OTCMKTS:INOTF) (FRA:71TA) announced Friday that MCL Sustainable Cleaning Solutions has joined its ThermalPass program as a channel reseller and distributor to drive sales in the K-12 education, health care, hospitality, food service, commercial real estate, long-term care, and government sectors across Canada. Since 1973, Predictiv AI noted that MCL has represented industry-leading companies with sales and technical expertise, demonstrating a commitment to innovation and the environment. MCL has over four decades of experience as a master distributor for more than 500 top-tier brands, including 3M Company (NYSE:MMM), The Procter & Gamble Company (NYSE:PG), and Rubbermaid Commercial Products. 

Victory Resources Corporation (CSE:VR) (OTCMKTS:VRCFF) (FRA:VR62) said it plans to stake additional claims in Nevada as it updated on current activity in the US state. Victory struck an option deal late last year with Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) over the Loner property, which comprises 16 claims. The company is poised to begin drilling there once a permit is received. 

American Rebel Holdings Inc (OTCQB:AREB) said Friday it has filled its opening order from Dunham’s Sports, which has 240 locations across the Midwest and Southeastern US. Dunham’s Sports is a regional sporting goods superstore chain owned by Dunham’s Athleisure Corporation. The retailer specializes in athletic equipment, clothing, guns and gun safes, and other sports-related items. “When Nation’s Best Sports (NBS) had to change their Fall Semi-Annual Market to a virtual event, we were happy to support NBS and participate,” said Nathan Findley, president of American Rebel, in a statement. 

The Valens Company (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) announced that it has received an amendment to the company’s existing Health Canada standard processing licence, permitting the sale of dried cannabis products to authorized provincial and territorial retailers in Canada. Valens noted that the licence amendment will allow it to start selling and distributing pre-rolls and dried cannabis derivative products, which the company expects will begin in 2Q 2021, increasing its total addressable market. “At the request of our partners, we are increasing our product offering to include pre-rolls and next-generation dried cannabis products,” Valens CEO Tyler Robson said in a statement. 

Kintara Therapeutics Inc (NASDAQ:KTRA), the cancer-focused biopharma, said it has enough cash to fund its planned operations into the fourth quarter of calendar 2021, as the company posted its second-quarter results on Friday. Fiscal 2Q to end-December, 2020 was an “important period of progress”, said the company, which is advancing two late-stage, Phase 3-ready therapeutics – VAL-083 for glioblastoma multiforme (GBM) and REM-001 for cutaneous metastatic breast cancer (CMBC).

Real Luck Group Ltd (CVE:LUCK) and its esports betting subsidiary companies doing business as Luckbox, said Friday that they welcome support for single-event wagering in Canada from Alberta Gaming, Liquor & Cannabis. The provincial gambling regulator announced its support on Thursday for changes in law to permit single-event sports betting in the country. Bill C-13, introduced in the Canada House of Commons back in November, proposes amending paragraph 207(4)(b) of the Criminal Code to make it lawful to bet on a single sports or athletics event. 

Ready Set Gold Corp (CSE:RDY) said it expects first assay results from drilling at its Northshore gold project in Ontario in the next two to three weeks. The first 3,000 metre (m) phase diamond drilling program is now nearly 50% complete, the resource firm revealed in a statement. The work has focused on key areas in the Afric gold zone, which are prospective for higher-grade gold mineralization with the drill holes oriented to better understand the geological controls on the gold mineralization.

LexaGene Holdings Inc (CVE:LXG) (OTCQB:LXXGF) (FRA:5XS2), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, said that its president Daryl Rebeck will resign from the board and his position, effective February 15.   In a statement Friday, the Massachusetts-based company said that in addition to Rebeck’s pending departure. Stephen Mastrocola has joined the board of directors. “I’m immensely grateful to Daryl for being my partner and helping me found this company four years ago,” said Dr Jack Regan, LexaGene’s CEO and founder. “I would like to thank him for all his hard work and leadership and wish him great success in his future endeavors.” 

Phunware, Inc. (NASDAQ:PHUN), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has launched an underwritten public offering of 11,111,111 shares of its common stock at a price to the public of $2.25 per share. The gross proceeds to the company from the public offering, before deducting underwriting discounts and offering expenses payable by the company, are expected to be approximately $25 million, assuming the underwriters’ option is not exercised.  Phunware intends to use the net proceeds from the public offering to satisfy obligations to redeem outstanding convertible debt and for working capital and general corporate purposes.

Alpine 4 Technologies Ltd. (OTCQB:ALPP) said it has entered into definitive agreements for a registered direct offering for gross proceeds of approximately $50 million before deducting placement agent fees and expenses. It added that institutional investors will purchase and sale of 8,333,333 shares of its Class A common stock at a purchase price of $6.00 per share. The company, a leading operator and owner of small market businesses, said it intends to use the net proceeds from the offering to further accelerate its business plan, repay some of its outstanding debts, and fund any additional working capital needs.

Esports Entertainment Group, Inc. (NASDAQ:GMBL) said it has entered into securities purchase agreements with certain institutional investors for the sale of 2,000,000 shares of its common stock at a price of $15.00 each for aggregate gross proceeds of $30 million. The licensed online gambling company, with a focus on esports wagering and 18+ gaming, said the fund-raising is a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about February 16, 2021, subject to the satisfaction of customary closing conditions.

VolitionRx Limited (NYSEAMERICAN:VNRX) has announced the closing of its underwritten public offering of 3,809,524 shares of its common stock for gross proceeds of approximately $20 million, before deducting the underwriting commissions and other estimated offering expenses payable. The company said it intends to use the net proceeds of the offering for general corporate purposes, which may include continued product development, clinical studies, product commercialization, working capital and other general corporate purposes, including potential strategic acquisitions.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that MustGrow Biologics Corp. (CSE:MGRO) (OTCQX:MGROF) (FRA:0C0), an agricultural biotech company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. “It has been a great experience to be traded on the OTCQB Venture Market and the service we have received has been second to none,” says Corey Giasson, president & CEO of MustGrow. “We are excited that OTC Markets Group invited us to graduate to its highest market tier and look forward to what the future holds for MustGrow on the OTCQX Best Market.”

Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug instruments that provide painless and precise injections, has announced that it will be presenting at the Winter Wonderland Conference, hosted by The MicroCap Rodeo, being held virtually on February 16-19, 2021. The group said Leonard Osser, its interim chief executive officer and Jan Adriaan Haverhals, president of Milestone Scientific, are scheduled to present on Tuesday, February 16, 2021 at 3.00pm Eastern Time. The presentation will be webcast live and available for replay here: https://www.webcaster4.com/Webcast/Page/2134/39973. One-on-one meetings will be held throughout the conference via video conference calls.

Elys Game Technology, Corp. (NASDAQ:ELYS), an interactive gaming and sports betting technology company, has announced that it will be presenting at the Winter Wonderland Conference, hosted by The MicroCap Rodeo, being held virtually from February 16 through February 19, 2021. The group said its executive team is scheduled to present on Tuesday, February 16, 2021, at 11.00am Eastern Time. The presentation will be webcast live and available for replay here: https://www.webcaster4.com/Webcast/Page/2134/39967. One-on-one meetings will be held throughout the conference via video conference calls.

Aurania Resources Ltd. (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) has announced that Dr Richard Spencer, the company’s president, will present live at VirtualInvestorConferences.com on February 18, 2021, at 12.00pm ET. Aurania invites individual and institutional investors, shareholders, as well as advisors and analysts, to attend real-time, interactive presentations to register using the following link: https://bit.ly/3cd9PaB. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com.

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GLYXF) has said that next Monday, February 15, 2021, at 111.00am PST / 2.00pm EST, its CEO Marcio Fonseca will be live in a moderated panel + live investor Q&A with Monarca Minerals CEO Carlos Espinosa and Southern Silver VP Exploration Rob Macdonald. It said Fonseca will give investors his take on silver as an investment in 2021, as well as insights into our latest underground and surface drilling results at Plomosas. To register for the event, investors can use the following link: https://6ix.com/event/6ix-presents-mexico-silver-exploration-panel/?_hsenc=p2ANqtz-9aXfj48jX9N2is6IxoVmZcI-fHLryfN_0N_6qT5HOZtT3MiVS12HQi3MVicsiq3o7Zv5H-xv6Lo24Wr1_avRdvEfHoI1W1cRYGxV0NE4UKgw3l2cg&_hsmi=110697021&utm_bmcr_source=client_email&utm_content=110697021&utm_medium=email&utm_source=hs_email

Story by ProactiveInvestors