NA Proactive news snapshot: Real Luck Group, BioPorto Diagnostics, Esports Entertainment Group, Information Services Corporation, ION Energy UPDATE ...

Real Luck Group Ltd (CVE:LUCK), which operates the esports betting site Luckbox, said it is seeing a whirlwind of activity ahead of next week’s IEM Katowice international Counter Strike: Global Offensive (CS:GO) esports tournament. Starting February 16, 2021, the world’s top 24 CS:GO teams will compete over two weeks for US$1 million, including a top prize of US$400,000.

BioPorto Diagnostics A/S (CPH:BIOPOR) said it had exercised the remaining part of its current authorization by issuing 350,000 warrants to certain key employees of the company and subsidiaries in accordance with the company’s remuneration policy. Each warrant grants the holder the right to subscribe for one BioPorto share. The exercise price is fixed at DKK 6.11 per share corresponding to the last 10 days weighted average price of BioPorto’s stock traded on Nasdaq Copenhagen. The warrants will be exercisable in the period from February 11, 2023 to February 10, 2026, within ordinary trading windows. After this grant of warrants the total number of outstanding warrants is 19,032,500.

Esports Entertainment Group Inc (NASDAQ:GMBL) (OTCMKTS:GMBLW) will host a conference call and webcast on Tuesday, February 16 at 4:30 PM ET to answer questions about the company’s operational and financial highlights for the second quarter of fiscal year 2021 and other recent developments. A link to the webcast will be available at http://public.viavid.com/index.php?id=143549.

Information Services Corporation (TSE:ISV) announced that it has been named to the list of Saskatchewan’s Top Employers for 2021. It is the 13th consecutive year that the company has been recognized in the provincial competition. Saskatchewan’s Top Employers is a special designation that recognizes Saskatchewan employers that lead their industries in offering exceptional places to work.

ION Energy Limited (CVE:ION) (OTCQB:IONGF) (FRA:5YB) announced Wednesday that it has acquired the Urgakh Naran lithium brine project located in Mongolia’s Dorngovi Province, which covers an area of more than 19,000 hectares of what the company calls “highly prospective lithium terrain.” The company noted that the Urgakh Naran project, located 150 kilometres (km) west-northwest of its flagship Baavhai Uul lithium brine property, will increase its land holdings in Mongolia’s prospective lithium salars to over 100,000 hectares.

AIM ImmunoTech Inc (NYSEAMERICAN:AIM) announced Wednesday that the Dutch Health and Youth Care Inspectorate (IGJ) has approved use of its treatment for six pancreatic cancer patients as part of a new, follow-up Early Access Program (EAP) at Erasmus Medical Center in the Netherlands. Subject to further authorization, AIM ImmunoTech said it plans to treat up to 16 pancreatic cancer patients with rintatolimod (Ampligen) under the EAP, which follows the success of a previous multi-year Ampligen EAP for pancreatic cancer patients at Erasmus. The new approval was designed to include several patients treated under the previous EAP, who are still alive despite their diagnoses several years ago of locally advanced or metastatic pancreatic cancer, the company noted.

PlantX Life Inc (CSE:VEGA) (OTCQB:PLTXF) (FRA:WNT1) reported that it has achieved record monthly gross revenue of $1,089,502 for January, while recording $751,356 in cost of goods sold. The company noted that revenue for January exceeded management’s expectations, given that e-commerce sales were expected to be slower following the holiday season.

Deep-South Resources Inc (CVE:DSM) told investors it has started drilling at its Haib copper project in Namibia, arguably the oldest porphyry deposit in the world. The first rig has arrived, while a second drill will be on-site in the coming days, the resource group said. The company aims to sink up to 10,000 metres (m), with a first phase of 5,000m, mainly focused on growing the higher-grade zone of the deposit uncovered by Deep-South in 2019.

BioSig Technologies Inc (NASDAQ:BSGM) said it has entered into three new evaluation agreements for the PURE EP System, its novel electrophysiology (EP) signal acquisition and analysis technology. The group said new clinical sites due to receive BioSig’s PURE EP System include New York-Presbyterian/Weill Cornell Medical Center, Michigan Medicine–University Hospital – two centers that account for two of the largest EP programs in the country - and Houston Methodist Hospital. More than 500 patient cases have been conducted using the PURE EP System by 34 physicians in seven clinical sites to date, it added.

Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) (FRA:3WM), which wants to be a producer of eco-friendly and high-quality magnesium, updated Wednesday on the progress of construction at its commercialized pilot plant. Industrial construction is ongoing and progressing well, with no incidents to report, the company said in a statement.

Real Luck Group Ltd (CVE:LUCK), which operates the esports betting site Luckbox, said it is seeing a whirlwind of activity ahead of next week’s IEM Katowice international Counter Strike: Global Offensive (CS:GO) esports tournament.  Starting February 16, 2021, the world’s top 24 CS:GO teams will compete over two weeks for US$1 million, including a top prize of US$400,000. The tournament is held in Katowice, Poland, but due to the coronavirus (COVID-19), teams will play on-location across Europe and no fans will be in attendance.

Vox Royalty Corp (CVE:VOX) provided a glimpse into its 2021 plans on Wednesday that showed the company preparing for a “catalyst-rich” year ahead. In a statement, CEO Kyle Floyd told shareholders that the company’s fourth-quarter 2020 achievements rounded out a “transformational” year. “We started 2020 with one producing royalty, being Graphmada, and added Koolyanobbing in Q2, Brauna in Q3 and Higginsville in Q4 to our growing list of producing royalties,” Floyd said. “We look forward to the organic news flow from our existing operators in 2021 as we see the number of producing royalties within our existing portfolio continue to grow.”

Clean Seed Capital Group Ltd (CVE:CSX) has announced the appointment of Steve Sommerfeld to its board of directors. Sommerfeld previously served as the chief financial officer (CFO) of Ag Growth International Inc. (AGI) for more than 20 years, helping to grow the company from $2 million in revenue during 1997 to $1 billion in 2020. “It is my distinct privilege to welcome Mr Steve Sommerfeld to our board of directors. As we navigate rapid growth, Steve’s remarkable career will play an important role in supporting our business development strategies,” Clean Seed Capital Group CEO Graeme Lempriere said in a statement.

MGX Minerals Inc (CSE:XMG) (OTCPINK:MGXMF) has reported results from rock chip samples taken from six zones on its Tillicum Claims project in British Columbia. The samples revealed up to 75 ounces per tonne silver at the Silver Queen deposit and 0.4 ounces per tonne gold from the Grizzly Deposit, the group said. A total of 13 samples were taken and assayed for minerals like gold, silver, copper, lead and zinc.

VolitionRx Limited (NYSEAMERICAN:VNRX) has announced the pricing of an underwritten public offering of 3,809,524 shares of its common stock for gross proceeds of approximately $20 million. 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.

Canada Silver Cobalt Works Inc. (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) said it has granted stock options to certain directors and consultants to purchase an aggregate of 250,000 common shares in the capital of the company. The stock options are exercisable for a term of two years at an exercise price of $0.50 per share.  All stock options are granted in accordance with the terms of the company’s Stock Option Plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and one day from the date of grant.

Fury Gold Mines Limited (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN1) told investors that it plans to explore the Percival trend in the James Bay region of Quebec this summer, which sits 14 kilometres (km) east of the Eau Claire deposit.  A discovery was made in the area in 2018, including a drill assay of 78.5 metres (m) at 1.46 grams per ton (g/t) gold, and the company reckons the trend is home to a second style of mineralization at Eau Claire, which has largely been underexplored.

XPhyto Therapeutics Corp (CSE:XPHYU) (OTCQB:XPHYF) (FRA:4XT) revealed on Wednesday that it has added the production of mescaline to its psychedelic medicine programs. “In addition to our European-based psilocybin biotechnology production, the company has now expanded its portfolio of psychedelic compounds to include mescaline,” said Hugh Rogers, XPhyto’s CEO, in a statement. “Our goal is to develop industrial-scale production processes for the wholesale market and for incorporation into XPhyto’s thin-film drug delivery platforms. We see a significant market opportunity in the production of pharmaceutical mescaline and the standardization of dosage formulations with precise, predictable and efficient drug delivery for clinical study and therapeutic use.”

Algernon Pharmaceuticals Inc (CSE:AGN) (FRA:AGW) (OTCQB:AGNPF) is evaluating the protocol for its Phase 2b/3 study of Ifenprodil for COVID-19, to consider adding lung scarring as an additional endpoint if enough data is available, the company announced Wednesday. When the company drafted its original Phase 2b/3 protocol in April 2020, post-hospital release lung scarring had not been established as a major problem with recovering COVID-19 patients, so it was not included.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) announced that it has received approval from the TSX Venture Exchange to sell smoking accessories and hemp-derived CBD in the US. The company noted that it expects the products to be available to US customers on its website www.cannmart.com by the end of February, in collaboration with DankStop and PeakBirch Logic, Inc, as Namaste looks forward to leveraging its VendorLink technology.

Benchmark Metals Inc (CVE:BNCH) (OTCQB:CYRTF) has continued to report positive drill assays from the AGB zone at its flagship Lawyers gold-silver project, which it said augurs well for a first bulk tonnage resource estimate earmarked for the first quarter this year. As reported earlier this month, 79 holes were sunk at the zone in British Columbia last year, and results continue to show both high grade and bulk tonnage mineralization. AGB now extends for over 650 metres (m) strike length and to 270m vertical depth and remains open.

Recruiter.com Group Inc (OTCQB:RCRT) announced a new partner program Wednesday for its video hiring platform, enabling its network of more than 27,000 small and independent recruiters to benefit from the transformation of the recruiting industry into a video-first process. Recruiter.com Video’s partnership program uses an automated onboarding interface to host marketing assets and affiliate collateral, allowing its partners to focus on adding immediate value to their roster of clients, communities and networks. The company launched its video platform in the fourth quarter of last year, and last week, it announced the acquisition of video-enabled candidate sourcing platform, Scouted.io.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced Wednesday the company’s second commercial feasibility analysis which is focused on its CO2 Delivery Solutions technology with Netherlands-based Satter Orchids. The first commercial feasibility study will be on a small portion of Satter’s 4-hectare strawberry greenhouse for a six-month period, with the goal of increasing berry yield.  Following that, Satter will have the option of conducting a second 1-hectare study for another six months.  

LexaGene Holdings Inc (CVE:LXG) (OTCQB:LXXGF) (FRA:5XS2) announced Wednesday it has successfully configured a MiQLab system to detect mutant sequences unique to the UK (B.1.1.7) and South African (B.1.351) variants of SARS-CoV-2, the coronavirus pathogen that causes the COVID-19 disease. The UK variant, known to be more contagious and possibly deadlier, was first detected in the US at the end of December and has now been identified in 33 states.  Likewise, both the South African and Brazilian variants were first detected in the US at the end of January, and several cases have now been reported in the US – suggesting more widespread infections. LexaGene said the UK, SA, and Brazilian variants have now acquired mutations that may likely reduce the efficacy of approved vaccines and therapeutics. 

FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) (FRA:4UY) said it has engaged the services of prominent US gaming law firm Ifrah Law PLLC to collaborate with OneComply Inc in assisting the company with its US licensing strategy. The company, which focuses on technology related to regulated online gaming and other products, said in response to the interest it has received from US gambling and casino operators for its sports betting and iGaming solutions, the founding member of Ifrah Law, Jeff Ifrah, will provide counsel to FansUnite on its rapid expansion strategy across different US jurisdictions, beginning with New Jersey. Last month, FansUnite partnered with compliance and licensing solution provider OneComply Inc to advise FansUnite on protocol and strategy as it enters additional North American legalized gaming jurisdictions, especially in the US.

Empower Clinics Inc (CBDT:CSE) (OTCQB:EPWCF) said Wednesday it had secured a license to sell coronavirus (COVID-19) saliva test kits in Canada. The Vancouver-based company obtained the Medical Device Establishment Licence (MDEL) status to sell the KAI Medical saliva tests, which are FDA EUA approved for use, has CE Mark and the saliva specimen collection device is approved by Health Canada. 

Nova Royalty Corp (CVE:NOVR) (OTCMKTS:NVARF) revealed on Wednesday that it is set to acquire an existing royalty on Los Andes Copper Ltd‘s (CVE:LA) Vizcachitas project in Chile and that it had increased its convertible debt facility with Beedie Capital. The company has struck a deal with an affiliate of Resource Capital Funds over the net smelter return royalty (NSR) for 0.98% on open pit operations and 0.49% of underground operations on one concession that forms part of the Vizcachitas project, namely around 50% of the projected open-pit mine plan.  

XPhyto Therapeutics Corp (CSE:XPHYU) (OTCQB:XPHYF) (FRA:4XT) revealed on Wednesday that it has added the production of mescaline to its psychedelic medicine programs. Mescaline (3,4,5-trimethoxyphenethylamine) is a naturally occurring psychedelic compound found in certain cacti and has been anecdotally found to show promise for treating addiction and depression. 

AEX Gold Inc (LON:AEXG; CVE:AEX) told investors it has decided to defer the development of the Nalunaq mine in Greenland whilst coronavirus travel restrictions are in place. The company, in a statement, noted the introduction in January of a temporary travel ban which runs for at least a month but can be extended. Nalunaq had been slated to have its first gold pour by the end of 2021, but, in the current circumstances the project timeline will be impacted.

LiteLink Technologies Inc. (CSE:LLT) (OTCMKTS:LLNKD) (FRA:C0B:FF) has unveiled plans to change the company name to TechX Technologies Inc. “This rebranding strategy reflects the Company’s vision for the future, and it’s broader technology commitment and expertise in driving the innovations needed to shape the future of areas in digital technology solutions across cryptocurrency, blockchain, AI, IOT and cloud” said LiteLink Chairman and CEO Peter Green in a statement.

Ximen Mining Corp (CVE:XIM) (FRA:1XMA) (OTCQB:XXMMF) said it has signed an indicative term sheet with an arm’s-length Swiss-based metals trading company to provide US$5 million of financing in the form of a secured gold loan for the planned development of a 1,200-meters decline and extraction of a 10,000-tonne bulk sample at its Kenville gold mine property in British Columbia, Canada. The company said the contemplated loan will have a maturity date fixed at 330 days following the date of the advance to Ximen. It will be repayable on maturity by crediting a metals account designated by the lender by a specific number of ounces of gold, to be calculated at a discount to the spot price, with the number of ounces subject to adjustment on the closing date, depending on the then-current LBMA AM closing gold price. The loan is also to be secured by a first ranking general security agreement over the company’s assets. 

Medexus Pharmaceuticals Inc (CVE:MDP) said the TSX Venture Exchange has accepted for filing documentation in relation to a commercialization and supply agreement dated February. 2, 2021, between the company, its wholly-owned United States-based subsidiary, Medexus Pharma Inc., and Medac Gmbh. Under the agreement, Medac has granted Medexus Pharma an exclusive licence to commercialize treosulfan, a bifunctional alkylating agent, in the United States. Upon entering into the agreement, Medexus Pharma paid Medac a non-refundable upfront cash payment of $5 million. Medexus Pharma must also pay Medac up to an aggregate of $55 million in non-refundable regulatory milestone payments, contingent upon the achievement of certain regulatory events in connection with the US Food and Drug Administration’s (FDA) review process, and up to an aggregate of $40 million in non-refundable sales milestone payments, contingent upon Medexus Pharma’s achievement of certain net sales goals. In addition, Medexus Pharma will pay Medac a royalty on its net sales of treosulfan in the US

Silvercorp Metals Inc. (TSX:SVM) (NYSEAMERICAN:SVM) has announced that the Tieluping-Longmen (TLP-LM) Mining License for the TLP, LME and LMW mines in the Ying Mining District has been renewed and extended for a period of 20 years (expiration February 26, 2041) by the Department of Natural Resources, Henan Province, China. As the renewal was approved on the basis of a resource estimation report in China Standards which was filed by the company with the Henan provincial government in 2014, a new resource estimation report must be prepared and filed within two years of this renewal. The TLP-LM Mining License covers 22.7631 square kilometres and forms part of the Ying Mining District’s four contiguous mining licenses totaling approximately 68 square kilometres. The TLP, LME, and LMW silver-lead-zinc mines are located on the eastern side of the TLP-LM Mining License. The renewal of the TLP-LM Mining License speaks to the three mines’ excellent performance over the last ten years, in compliance with all regulations and legal requirements.

Codebase Ventures Inc. (CVE:CODE) said it has issued a total of 6.05 million options pursuant to its incentive stock option plan to management, employees and consultants. Each option entitles the holder to subscribe for one common share of the company for 30 cents for a period of five years, subject to the terms of the plan.

Altamira Gold Corp (CVE:ALTA) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on January 28, 2021, which will see the issue of 20 million shares at a purchase price of 20 cents per share, together with 10 million share purchase warrants with an exercise price of 30 cents for a two-year period with 28 placees.

Gold Resource Corporation (NYSEAMERICAN:GORO) has said it will issue its financial and operating results for the fourth quarter and year ended December 31, 2020, on Wednesday, February 24, 2021, after the market close and will host a conference call on Thursday, February 25, 2021, at 10.00am Eastern Time. The conference call will be recorded and posted to the company’s website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, the group’s president and chief executive officer and Kim Perry, its chief financial officer will host a live question and answer (Q&A) session.  To join the conference via webcast, click on the following link: https://www.webcaster4.com/Webcast/Page/2361/39993. To join the call via telephone please use one of the following dial-in details: Toll Free: 888-506-0062; International: 973-528-0011

Willow Biosciences Inc (CVE:WLLW) has said that its new transfer agent and registrar is Odyssey Trust Company.

OTC Markets Group Inc. (OTCQX:OTCM) announced that Blackstone Minerals Ltd. (ASX:BSX) (OTCQX:BLSTF) (FRA:B9S), developer of the district scale Ta Khoa Project in Northern Vietnam where the company has a maiden resource and scoping study for the large-scale Ban Phuc Nickel-PGE deposit, has qualified to trade on the OTCQX Best Market and has graduated today 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. ”We’re pleased to now be trading on the OTCQX; after many years of marketing in North America, we believe now is a great time to increase our exposure to one of the largest pools of capital in the world. Given the recent focus on the rise of Tesla and the electric vehicle revolution, we see North America becoming an important investor market for Blackstone’s future green nickel battery opportunities at the Ta Khoa Nickel-Cu-PGE Project,” said Scott Williamson, managing director of Blackstone Minerals.

The International Speculator, in its January 25, 2021, issue, has said ‘buy’ VR Resources Ltd. (CVE:VRR) up to 30 cents. The newsletter noted that on December 17, 2020, the company released results from its initial drill program at the Hecla-Kilmer project in Ontario. It said the drilling provided first evidence of the potential gold discovery at the project. Preliminary results from the four drilled holes indicate a large hydrothermal system, potentially carrying gold and copper, as typical IOCG (iron-oxide-copper-gold) pipes would. Laboratory assays are still pending, and the company do not know yet if there are any anomalous gold and copper values. The early indications, however, suggest the rocks can be a host for mineralization.

Story by ProactiveInvestors