Willow Biosciences Inc. (TSX:WLLW) (TSX:WLLW.WT) (OTCQX:CANSF) said it has closed its previously announced upsized bought deal offering of 17,424,800 common shares at a price of $1.65 each, which includes 2,272,800 common shares issued under the exercise in full of the over-allotment option, for aggregate gross proceeds of approximately $28.75 million. The company noted that participation in the Offering was comprised primarily of existing cornerstone shareholders and new institutional buyside funds. “We’re very pleased with the results of the Offering, the proceeds of which will allow the Company to accelerate capital spending towards execution of our commercialization plan for our existing portfolio cannabinoids and continue to explore opportunities for cannabinoids in development,” said Trevor Peters, president and chief executive officer of Willow in a statement.
Blackrock Gold Corp. (CVE:BRC) said it has closed its previously announced and upsized ‘bought-deal’ public offering, including full exercise of the over-allotment option, for gross proceeds of C$10,350,000. Under the offering, a total of 14,375,000 units of the company at a price of C$0.72 per unit were sold on a ‘bought deal’ basis. Due to investor demand, as previously disclosed on January 29, the offering was upsized from C$7.02 million. The net proceeds raised from the offering will be used to fund the exploration of the company’s Tonopah West and Silver Cloud properties in Nevada and for working capital and general corporate purpose.
Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) said Friday it had awarded a manufacturing contract to Dalton Pharma Services to synthesize DMT for its stroke program. The clinical stage pharmaceutical development company told shareholders that Dalton will manufacture the active pharmaceutical ingredient and finished product for Algernon’s DMT formulation. In a statement, Algernon said Dalton has “extensive experience” in synthesizing psilocybin and tryptamine derivatives.
Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) announced that it has started the next phase of exploration at the company’s Pilar Gold-Silver Project in Mexico, which will include detailed mapping and sampling of key target areas. Tocvan Ventures said the program’s aim is to advance key targets to drill-ready status for a Phase II drill program planned in the next couple of months
Predictiv AI Inc (CVE:PAI) (OTC:INOTF) (FRA:71TA) announced Friday that US-based visitor management solutions company Security Identification Systems Corp has signed on to sell the company’s ThermalPass coronavirus (COVID-19) screening devices in the US. ThermalPass was developed to lessen the spread of COVID-19 in high-traffic locations by using medical-grade sensors to scan people (up to 60 per minute using 1,200 sensors) who pass through it and silently identify anyone with an abnormally high body temperature, a possible indicator of COVID-19.
Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FRA:4NPB) announced Friday that a drone magnetic survey by Zonge International Inc is underway at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada. The magnetic coverage is being expanded because of the very encouraging results from a 2018 ground magnetic survey over part of the project area, the company said in a statement. The 2018 survey covered the known oxide, the oxide extension, and the sulfide target zones. Two magnetic lows were interpreted from the data and a distinct association was observed between the magnetic lows and high copper values in historic drilling, surface geochemical sampling, and the historic underground copper mine at Majuba.
Goldcore Resources Ltd (CVE:EM) (OTCMKTS:CZSVF) (FRA:BK2P) announced Friday that several tonnes of graphitic rock samples collected over the past four years from its drill and surface trenching programs are in transit to Base Metallurgical Laboratories Ltd. The samples will be processed to produce about 1,000 kilograms (kg) of graphite concentrate to be used to produce battery anode material for the making of test batteries. The company said Base Metallurgical will crush, float and clean the graphitic rock samples from Goldcore’s Berkwood Graphite project in Northern Quebec.
Empress Royalty Corp. (CVE:EMPR) (OTCQB:EMPYF) has said its common shares will commence trading on the OTCQB Venture Market in the United States at the open on Friday, February 19, 202. The company will trade under the symbol ‘EMPYF’ in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol ‘EMPR’. “We are excited to commence trading on the OTCQB Venture Market,” commented Alexandra Woodyer Sherron, CEO and president of Empress in a statement. “Our listing on the OTCQB completes one of our core strategies to expand global awareness of Empress and provides us with exposure to a broader investor community, including United States investors.”
Maverix Metals Inc. (NYSEAMERICAN:MMX) (TSX:MMX) has announced that a quarterly cash dividend of $0.01 per common share will be paid on or about March 15, 2021, to shareholders of record as of the close of business on February 26, 2021. The dividend is designated as an “eligible dividend” for the purposes of the Income Tax Act (Canada). Dividends paid by Maverix to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
Gevo, Inc. (NASDAQ:GEVO) has announced that Dr Patrick Gruber, the company’s chief executive officer, and Timothy Cesarek, its chief commercial officer, will participate in Water Tower Research Fireside Chat Series on Tuesday, February 23, 2021, at 2.30pm EST. The topic will be ‘ Gevo’s Business Pipeline, Contracts and Beyond Net-Zero 1′. Investors and other persons interested in participating in the event can use the following link to register: https://globalmeet.webcasts.com/starthere.jsp?ei=1435277&tp_key=7a5e5f08b9. Registration for the live event is limited but may be accessed at any time for replay after the presentation ends on February 23, 2021, utilizing the same link.
Valeo Pharma Inc. (CSE:VPH) (OTCQB:VPHIF) (FRA:VP2), a Canadian specialty pharmaceutical company has said it will report its financial results and highlights for the fourth quarter and year ended October 31, 2020, on Wednesday, February 24, 2021, after the market close. The company added that it will host a conference call to discuss the results and highlights on Thursday, February 25, 2021, at 8.30am EST. The telephone numbers to access the conference call are 1-888-231-8191 and 647-427-7450. An audio replay of the call will be available. The numbers to access the audio replay are 1-855-859-2056 and 416-849-0833 using the following access code (1498873). A live audio webcast of the conference call will be available via: https://produceredition.webcasts.com/starthere.jsp?ei=1433860&tp_key=71fe5003d2
OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Commerce Resources Corp. (CVE:CCE) (FRA:D7H0) (OTCQX:CMRZF), an exploration and development company with a focus on deposits of rare metals, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Commerce Resources Corp. president Chris Grove commented: “It is our pleasure to trade on the OTCQX Best Market once again. We have many shareholders in the United States, and we look forward to better serving them and to be more visible to new American investors who are interested in the rare earth elements and the rare metals we have been working on for years now. We are at an extremely exciting time with more positive global market fundamentals than we have ever seen before, and with the ability to deliver on our current development programs.”
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