NA Proactive news snapshot: Esports Entertainment, Victory Square Technologies, QC Copper and Gold, PlantX Life UPDATE …

Esports Entertainment Group Inc (NASDAQ:GMBL) is raising $35 million via convertible notes to fund new acquisitions. The gaming company said it entered into a definitive agreement with an institutional investor for the sale of $35 million in principal amount of 8% senior convertible notes with a maturity date of two years following the date of issuance in a private placement. The notes are convertible into shares of common stock at a conversion price of $17.50 per share.

Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FRA:6F6) announced that its portfolio company GameOn Entertainment Technologies Inc has received approval to list on the Canadian Securities Exchange (CSE) and will start trading on under the symbol ‘GET’ at the market open on June 1. Victory Square said it plans to pay out about 12.4% of its holdings in GameOn Entertainment to its shareholders as a special dividend. 

QC Copper and Gold Inc (CVE:QCCU) announced that its investor presentation was featured at the Northern Miner Symposium. CEO Stephen Stewart discussed the company’s Opemiska Copper Complex, which is located adjacent to Chapais, Quebec, within the Chibougamau region. The Opemiska property covers 12,782 hectares and covers the past-producing Springer, Perry, Robitaille and Cooke mines, owned and operated by Falconbridge. The project has the ideal in-place infrastructure, including a power station and direct access to Highway 113 and the Canadian National Railway. The presentation can be viewed here: https://www.youtube.com/watch?v=nN6XCi_mVzY

PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced its charitable partnership with the Squamish Food Bank, commonly known as ‘The Market’, a sustainability non-profit organization in Squamish, British Columbia that provides nutritious food for those in need. PlantX said the new partnership will help further its commitment to both health promotion and sustainability through initiatives aimed at lowering food waste.

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCMKTS:THBRF) shares are up more than 3% after Canaccord Genuity upped its price target to C$5.50 from $5 and maintained its ‘Buy’ rating in a note to clients. The media company reported fiscal third-quarter results on Thursday, and its C$37.7 million revenue came in above Canaccord’s C$35.2 million forecast, meaning Thunderbird beat the firm’s expectations for the fourth consecutive quarter.

BioSig Technologies, Inc. (NASDAQ:BSGM) has announced that Natasha Drapeau, executive vice president of the company will be presenting at the Jefferies Virtual Healthcare Conference on Thursday, June 3, 2021, at 2.00pm ET. To register for the live webcast of the event, investors can use the following link: https://wsw.com/webcast/jeff174/register.aspx?conf=jeff174&page=bsgm&url=https://wsw.com/webcast/jeff174/bsgm/1844559.  A replay of the presentation will be available on the webcast page for 30 days following the event. The company will also be available for one-on-one investor meetings at the conference.

Planet 13 Holdings Inc (CSE:PLTH) (OTCQB:PLNHF) has reported its first-quarter results, which saw revenue jump 41% year-over-year, as it swung into profitability. For the three months ended March 31, the company saw revenue of $23.8 million, up from $16.8 million in the same quarter of 2020. Net income was $400,000, compared to a loss of $1.4 million a year earlier. Planet 13’s co-CEOs say that they can feel a renewed energy in Las Vegas as tourism returns. 

American Eagle Gold Corp (CVE:AE) has outlined its exploration plans for this spring and summer at its flagship Golden Trend property in Nevada ahead of a scout drilling program earmarked for late 3Q or 4Q. The company’s vice-president (VP) of exploration Mark Bradley has developed the strategy and he was responsible for leading the team that made the Goldrush discovery, now owned by Newmont and Barrick, which lies next to the 2,286 acre Golden Trend asset. A Controlled Source Audio Magnetotellurics (CSAMT) survey has now been completed at Golden Trend, American Eagle told investors, while surface remapping and rock-chip sampling are currently underway. A 2D seismic study is due to start at the end of June and drill targeting will be carried out in June and July this year.

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) announced it has secured an order through IT service reseller GiaSpace to license Plurilock’s advanced continuous authentication software to a regional pharmaceutical manufacturer based in the southeastern US. The company said the order includes deployment and support for Plurilock’s high margin ADAPT and DEFEND products at the manufacturer’s facilities to protect against credential sharing, unauthorized access, and phishing attacks. 

BlueRush Inc (CVE:BTV), a personalized video software-as-a-service (SaaS) company, has announced a partnership with leading Indian software company FCI Private Limited, which is at the forefront of the customer communications management industry. The Toronto-based company said the strategic partnership provides FCI with a BlueRush reseller agreement, enabling FCI to resell BlueRush’s IndiVideo solution. “The partnership also provides FCI with a creative licensing agreement, enabling FCI to create and manage IndiVideo solutions within the local market,” said the company. BlueRush develops and markets IndiVideo, a disruptive, award-winning interactive personalized video platform that enables its enterprise clients to capture knowledge and data from their customers’ video interactions, creating new and compelling data-driven customer insights for a highly personalized customer experience.

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) said that operational improvements, lower costs and increased metal prices, had led to a strong first quarter. The company operates the Campo Morado polymetallic mine in Mexico and revealed that for the three months to end-March, mine operating profit had come in at C$5.25million, a huge uplift from the preceding quarter (4Q), which saw a loss of C$0.26 million. Gross revenue for the first quarter was C$21.2 million, up from C$18.9 million in the fourth quarter of 2020.

KWESST Micro Systems Inc. (CVE:KWE) (OTCQB:KWEMF) has announced the appointment of Bin Hilal Enterprises, LLC (BHE) as its representative in the key Middle East market of the United Arab Emirates (UAE). The company noted that it featured its products at the signature IDEX defence show in Abu Dhabi in February 2021 and received many expressions of interest from end-users and prospective industry partners in the UAE and throughout the Gulf Cooperation Council (GCC). After an extensive evaluation process, KWESST said it has concluded a comprehensive representation agreement for the UAE market with BHE, which is one of the pre-eminent companies in the UAE representing top-tier defence and security companies, including General Dynamics Mission Systems. “We are excited at the interest from the UAE,” David E. Luxton, the executive chairman of KWESST said in a statement.

GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) (FRA:7GU) has executed a contract with Hydro Tech Drilling & Exploration (Z) LTD to undertake exploration and resource delineation drilling program at its Mutanga Uranium Project in Zambia. GoviEx said it has planned an 8,000 metres (m) down-hole percussion drilling program, focused on the Dibwe East deposit and new areas defined by previous trench sampling east of Dibwe East.

Harvest One Cannabis Inc (CVE:HVT) (OTCQB:HRVOF) has posted fiscal third-quarter results that show significant improvements in the company’s operating performance and financial position, including revenue that grew 7.3% year-over-year as the company kept a tight grip on costs. For the period ended March 31, 2021, the Vancouver-based cannabis-infused consumer packaged goods (CPG) company reported revenue of $2.02 million, compared to $1.88 million in the fiscal third quarter of 2020. Harvest One chalked up the revenue gain to a “continuing transition from cultivation to CPG products.” The company has been successful with its premium wellness and self-care products, including LivRelief and Dream Water products, which focus on the sleep and pain markets.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has said it anticipates “significant sales growth” in the third and fourth quarters of 2021. “CO2 GRO continues to be well-positioned, with no debt on its balance sheet and two years of cash on hand to cover cash burn assuming no further revenue is achieved,” the company said in a statement reporting its first-quarter results. The company’s CO2 Delivery Solutions technology provides growers that cannot gas with CO2 the opportunity to increase plant yields by up to 30% and profits by up to 100% while suppressing the development of pathogens such as E.coli and powdery mildew, helping to reduce crop losses which can further add to grower profits. 

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) has been selected as one of the 10 start-up finalists presenting at the virtual DEC Association Tech Day on June 2. The company noted that DEC, which is based in Spain, is the first professional, non-profit, Spanish-speaking organization that promotes the development and implementation of best practices and the pursuit of excellence in the customer experience among some of the most prominent Spanish and international brands. ImagineAR said DEC’s mission is to be an international benchmark in the customer experience — especially in the Spanish-speaking field — and promote all companies and professionals to share knowledge and join in the development and evangelization of this discipline that is strategic for the growth of organizations.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC) announced it is expanding its pipeline of clinics with two additional locations in Canada. The healthcare company said it now has four signed leases and six pending leases in its total pipeline of 22 planned clinics. Vancouver-based Empower told investors that its clinic expansion strategy is “far ahead” of its anticipated schedule. 

Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) (FRA:4E7) has announced that renowned resources investor Eric Sprott is increasing his ownership in its Gander Gold Corporation subsidiary to 17.35% – a holding of 10,666,666 special warrants - by purchasing $1.6 million of a $2.2 million private placement in Gander Gold. Sprott is purchasing 8 million special warrants of Gander Gold at $0.20 per special warrant, a 33% premium to the previous private placement price on a post-consolidated basis. The company noted that strategic investors are acquiring the balance of three million special warrants at $0.20 per special warrant. The special warrants will be converted into common shares at a later date. The financing is expected to close in early June 2021.

Star Royalties Ltd. (CVE:STRR) (OTCQX:STRFF) announced that the company’s common shares commenced trading today on the OTCQX Market under the symbol ‘STRFF’. In a statement, Alex Pernin, chief executive officer of Star Royalties, commented: “We are proud to commence trading on the OTCQX. Since our initial public offering in February, we have been focussed on increasing investor awareness and trading liquidity both in Canada and in the US. With this OTCQX graduation, U.S. investors now have direct exposure to Star Royalties and a number of potential near-term re-rating catalysts. We continue to advance our precious metals pipeline with the focus on cash flowing and near-cash flowing opportunities. Star Royalties is also looking to expand its commitment to ESG through additional green investments in carbon sequestration projects.” Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.  OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 11,000 US and global securities.

Safe-T Group Ltd. (NASDAQ:SFET) (TASE:SFET) has announced its participation at the GISEC 2021 in Dubai. The exhibition will be held in the Dubai World Trade Center between May 31 and June 2, 2021, and is one of the most significant cybersecurity exhibitions in the world. Safe-T’s co-founder & VP Corporate Development, Eitan Bremler, will host the session, titled ‘The Explosion of Cyber Attacks in 2020, and how to prevent them in 2021′. Safe-T will be attending the exhibition both as a sponsor and as an exhibitor, presenting ZoneZero, the company’s advanced Zero Trust Network Access (ZTNA) solution. The GISEC 2021 is the Arab world’s largest cybersecurity event. Speakers and visitors from all over the world will showcase and experience cutting-edge cybersecurity products and solutions. 150+ exhibiting brands, 200+ infosec thought leaders and speakers will reveal the masterplans to combat the precarious security situation worldwide, alongside high-impact insights and actionable ideas for cybersecurity in healthcare, government, finance, Telecom, energy, and utilities. Safe-T’s booth will be at Stand: SS3-7.

Midwest Energy Emissions Corp. (OTCQB:MEEC), ME₂C Environmental, a leading environmental technologies firm, has announced that its management will present at the LD Micro Invitational XI investor conference taking place virtually June 8-10, 2021. Richard MacPherson, ME₂C president and chief executive officer, is scheduled to host a virtual presentation to investors on Thursday, June 10, 2021, at 3.00pm Eastern time (12.00pm Pacific time) via a Track 3 Webcast link at: https://ldmicrojune2021.mysequire.com. A live audio webcast and archive of the event presentation will be available using the same webcast link. For more information on the LD Micro Invitational XI, or to register for the event, investors can visit: https://ldmicrojune2021.mysequire.com

FPX Nickel Corp. (CVE:FPX) has announced the results of its 2021 Annual General and Special Meeting held on May 27, 2021. At the meeting, the company’s shareholders voted to set the number of board members at six and elected Peter M.D. Bradshaw, James S. Gilbert, Peter J. Marshall, William H. Myckatyn, Robert B. Pease and Martin E. Turenne as directors of the company to hold office for the ensuing year.  The shareholders also voted in favour of the appointment of DeVisser Gray LLP as the auditor of the company for the ensuing year and approved the company’s 10% Rolling Stock Option Plan. FPX Nickel noted that John A. McDonald, who had served with distinction on the board since 2009, did not stand for re-election at the meeting.  “On behalf of the Company’s Board, our shareholders and myself, I would like to extend my very great appreciation to John for his many years of dedicated service,” said Bradshaw, chairman of the company’s board.  “John has been instrumental in the evolution of the Company over the years and he will be missed.  We wish him very well indeed in his future endeavours.”

Soma Gold Corp. (CVE:SOMA) (OTCMKTS:SMAGF) has announced, subject to regulatory approval, the grant of a total of 640,000 stock options to directors and officers of the company to purchase common shares of the company in accordance with its Equity Incentive Plan. The options vest immediately and are issued at an exercise price of 32 cents per common share and expire five years from the date of issuance. Upon completion of this grant, there will be 3,697,500 options and restricted stock units (RSU’s) granted under the plan, representing 5.9 % of the outstanding shares of the company.

Green Battery Minerals Inc. (CVE:GEM) said it has closed its previously announced financing and will issue a total of 2,212,000 flow-through units at a price of 25 cents for gross proceeds of $553,000. Each unit will consist of one flow-through common share and 1/2 warrant, each whole warrant exercisable for one common share at a price of $0.50 for a period of two years. A cash finder fee of $39,440 along with the issuance of 157,760 compensation shares has agreed to be paid/issued. Net proceeds will be used for costs associated with the continued exploration/drill program and reports for a planned PEA for the Berkwood Graphite project. The securities will have a required four months plus one day hold period from issuance.

Energy Fuels Inc. (NYSEAMERICAN:UUUU) (TSX:EFR), the leading uranium producer in the United States, has announced the results of the election of directors at its annual and special meeting of shareholders held virtually on May 26, 2021. The company said eight nominees proposed by management for election as directors were elected by the shareholders of the company, through a combination of votes by proxy and electronic poll

Nextech AR Solutions Corp. (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) has announced that its CEO Evan Gappelberg has purchased a total of 262,744 shares through the exercising of warrants. The purchase increases his ownership to 9,861,510 common shares. The company noted that its CEO has purchased stock seven times in the past 18 months and that he has purchased 1,542,629 common shares in the past 18 months. Gappelberg commented: “I continue to invest because I’m extremely excited about our business prospects and don’t believe that our current share price reflects the upside potential of our businesses. In 2021 we are continuing to broaden our customer base with associations like; WMFHA, FSNA, Kallen Company and many others, and are seeing strong repeat orders from Bell Canada-Virgin Mobile Canada, UNESCO, Ryerson, Luxottica and others. I see a huge opportunity to cross-sell our AR into the multiple markets that we operate in and feel that we have only just scratched the surface of these markets. I’m investing today because I see many years of strong forward growth ahead”.

Elys Game Technology, Corp. (NASDAQ:ELYS), an interactive gaming and sports betting technology company, has announced that it will be presenting at the Summer Solstice Conference, hosted by The MicroCap Rodeo, being held virtually on June 1 to June 4, 2021. Management of Elys Game is scheduled to present on Wednesday, June 2, 2021, at 3.00pm Eastern Time and will participate in one-on-one meetings with investors and analysts throughout the conference. The presentation will be webcast live and available for replay at https://www.webcaster4.com/Webcast/Page/2134/41526. To receive additional information about the conference, request an invitation, or to schedule a one-on-one meeting with Elys, investors can email: [email protected]

Story by ProactiveInvestors