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NA Proactive news snapshot: Kintara Therapeutics, PlantX Life, Binovi Technologies, Atlas Engineered Products, ImagineAR UPDATE ...

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Analysts at Aegis Capital Corp rated Kintara Therapeutics Inc (NASDAQ:KTRA) a ‘Buy,’ while maintaining a $7 share target price on the company which develops new solid tumor cancer therapies. The San Diego, California-based clinical stage drug development company closed its fiscal third quarter with cash and equivalents of about $15.7 million. In a note to clients, Aegis Capital analysts said that Kintara’s financial runway had been extended. “The company stated that its available cash would be sufficient to fund operations through 2Q22 (formerly 4Q21), with warrant exercise and Adgero synergies making up the delta,” said Aegis Capital analyst Nathan Weinstein.

PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced the launch of its new PlantX warehouse in Squamish, British Columbia. PlantX said the new warehouse is a critical component of the company’s expansion plans and will be used to support its supply chain for the distribution of indoor plants across Canada. 

Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) says neuro-visual performance platform Binovi Connect stepping up to serve a wider market. In a statement, the company said the remote-care platform will dramatically increase access to optometry professionals, streamline the vision therapy and training experience, and empower individuals through personalized insights and action plans to enhance and optimize their visual skills related to cognitive performance.

Atlas Engineered Products Ltd (CVE:AEP) (OTCMTS:APEUF) announced it had recorded a net profit for its first quarter of 2021 on a double-digit revenue increase. For the three months ended March 31, the company recorded net income of C$51,208, compared to a net loss of C$762,961 in the year-ago quarter. Revenue increased 29% year-over-year to C$9,129,633 for the company’s best 1Q to date. 

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) (FRA:GMS1), along with blockchain fintech company Liquid Avatar Technologies Inc (CSE:LQID) (OTCPINK:TRWRF) (FRA:4T51) and Oasis Digital Studios announced that US Grammy-nominated and multi-platinum rapper Jeezy has partnered with their teams to release a limited series of AR-enhanced versions of his iconic Snowman logo as non-fungible tokens (NFTs), now available for purchase. The series of five animated NFTs are an ode to Jeezy’s 2005 double platinum album, Let’s Get It: Thug Motivation 101, which was the rapper’s first record to feature the Snowman image. Fans can purchase 3D Snowman NFTs for US$101 each through the Oasis Digital Studios storefront on the INFINITE by SUKU NFT Marketplace.

Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FRA:6F6) announced plans to distribute 12.4% of its holdings in GameOn Entertainment Technologies Inc to Victory Square shareholders in the form of a special dividend. Victory Square shareholders of record as of the close of business on May 21 are entitled to receive 20.74989 GameOn shares for each 1,000 Victory Square shares held. Shares of GameOn are expected to begin trading on the Canadian Securities Exchange (CSE) in early June under the symbol ‘GET’.  

Deep-South Resources Inc (CVE:DSM) (OTCMKTS:DSMTF) (FRA:DSD) has appointed the world-renowned Australian national science agency Commonwealth Scientific and Industrial Research Organisation (CSIRO) to conduct bio-assisted heap leaching column test work at the Haib copper project in Namibia. METS Engineering Group of Australia has been appointed to supervise and overview the test work, which is part of Deep-South’s recently announced metallurgical test work at the project. The company said the goals of the bio-assisted heap leaching test work include the evaluation of the performance of promising solvent extraction reagents for extraction and separation of copper and molybdenum and monitor and evaluate the adaptation of bacterial strains for improved ore processing. 

Alpine 4 Holdings Inc (OTCQB:ALPP) announced it has filed a lawsuit, along with several shareholders, in the United States District Court for the District of Arizona case number 2:21-cv-00886-MTL against FIN CAPITAL LLC, and GRIZZLY RESEARCH LLC alleging securities fraud, tortious interference with business expectancy and libel slander for disseminating false and misleading statements about Alpine 4 and its employees to manipulate the stock price and further their own financial interests. Alpine 4 Holdings and its shareholders allege that, on March 10, Grizzly, speaking through its principal, Siegfried Eggert, and through social media platforms and media contacts published false, misleading, and unsubstantiated short reports on Alpine 4. 

VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) (FRA:5VR) provided a promising update on exploration at its Reveille silver-copper and gold property in the Walker Lane gold-silver mineral belt, in Nevada. The junior exploration company focused on opportunities in copper and precious metals said drill hole RVD21-001, which was completed to 109.7 meters confirmed a breccia pipe starting at surface at the jasperoid breccia-pipe gold target at Reveille named G1. “The drill program is extended, with plans to start next week to complete three additional RC drill holes to target the base of the G1 pipe and its controlling structure,” said the company.

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) reported additional assay results from several recently-completed diamond drill holes at the MG deposit within the company’s flagship Cuiú Cuiú project in Brazil. Drill results included 60 metres (m) of 3.5 grams per tonne (g/t) gold as well as 2.6m of 64.6 g/t gold from surface. 

Empower Clinics Inc (CSE:CBDT) (FRA:8EC) (OTCQB:EPWCF) said its at-home saliva COVID-19 RT-PCR test is now available for passengers to buy on the website of Canada’s largest airline – Air Canada –  and also updated on the progress of its clinic expansion in the country.  The integrated healthcare company said the Health Canada and US Food and Drug Administration Emergency Use Authorization (EUA) authorized test was now available for people booking a flight as they are referred to the Kai Care websites. Also in the statement, the company, which provides body and mind treatment at its clinics, along with digital and telemedicine care, said it now had a pipeline of 22 clinics in Canada, which were at various stages of development.

Mydecine Innovations Group Inc (NEO:MYCO) (OTCMKTS:MYCOF) (FRA:0NFA) has provided an update on its strategic reorganization to spin out its US cannabis assets. The company intends to spin out its US cannabis assets and its interests in US cannabis projects into a newly incorporated subsidiary (SpinCo) and offer its holdings of common shares in SpinCo to its existing shareholders. In a statement, Mydecine said it expects to receive the interim order from the Supreme Court of British Columbia on or about June 7. Then, subject to the approval of the shareholders, the reorganization (spin-out) is anticipated to close on or about the week of July 12. The purpose of the spin-out will be, among other things, to permit the company to comply with NASDAQ Listing Qualification requirements and comparable London Stock Exchange requirements regarding cannabis assets as the company continues its listing-review process with NASDAQ.

Victory Resources Corporation (CSE:VR) (FRA:VR61) (OTCPINK:VRCFF) said it had completed a ten-hole, 496 metres (m) drill program at its Loner property in Nevada and samples have been sent to the lab. The main aim was to test gold in soil anomaly east of the southern workings, where drilling had encountered several zones of intensely altered granite cut by veinlets. If assays indicate that these zones are gold-bearing, it supports the idea that the steeply dipping zones are part of a larger gold-bearing system.

Talon Metals Corp (TSE:TLO) said it had discovered a thick pool of massive nickel-copper mineralization outside of the defined resource area at its Tamarack project in Minnesota. A recent drill hole in the area known as CGO West intersected 13.88 metres of mixed massive nickel-copper mineralization starting at 224 metres – the thickest intercept to date in the area. Assay results are pending on the hole, Talon said in a statement.

Exro Technologies Inc (CVE:EXRO) (OTCQB:EXROF) (FRA:1O2) said it has successfully completed a trial of its battery control system (BCS) in an operating second life energy storage environment. The clean technology company said the BCS pilot was tested in a 25 kilowatt (kw) 150 kilowatt-hour (kWh) energy storage system (ESS) with aftermarket battery cells, multiple inverters, and a grid level simulator. It added that the ESS balanced all battery cells operating with different states of charge successfully at full depth of discharge, enabling the utilization of second-life battery applications. Exro said the pilot validates the BCS’s ability to optimize batteries for efficient second life operations.

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A) has reported results from its ongoing $45 million exploration program at its flagship Dixie project in Ontario. The company said highlights from the current results included the fact that new drill holes have intersected the LP Fault zone from around 20 to 500 meters (m) vertical depth along 2.2 kilometers of strike length. The drill holes were also located above previous drilling, to extend gold mineralization towards surface, and within 75 to 100m of previously undrilled gaps in the zone. Great Bear said two drill holes are step-ups that extend gold mineralization by more than 75m above previous drilling to the near-surface, while the company also highlighted new bulk-tonnage intercepts that included 3.07 grams per tonne (g/t) of gold over 35.6m from 117 to 152.6m downhole in drill hole BR-320, 1.11 g/t gold over 91.6m from 349.5 to 441.1m downhole in drill hole BR-285, and 1.00 g/t gold over 91.4m from 473.6 to 565m downhole in drill hole BR-286.

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) announced that it has recently received C$1.9 million from the exercise of 2,709,027 warrants held by key strategic shareholders, including a senior gold producer. The Vancouver, British Columbia-based mineral exploration company said the exercised warrants priced at $0.70 were originally issued as part of HighGold’s go-public financing. “Of the 8,500,000 two-year warrants that were issued, approximately 2,800,000 remain unexercised,” said the company.  It encouraged the holders of the remaining warrants to exercise them before the September 19, 2021 expiry. CEO Darwin Green said with the proceeds from the warrant exercise, HighGold’s working capital now stands at C$18 million.

Planet 13 Holdings Inc (CSE:PLTH) (OTCQX:PLNHF), a leading vertically integrated Nevada cannabis company, plans to release its financial results for the first quarter ended March 31 on May 27 aftermarket. It will host a conference call at 5 pm ET that day to discuss its 1Q results and provide investors with key business highlights. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO. Participant Dial-in is Toll Free at 877-407-8035 or International 201-689-8035. Replay Dial-in is Toll Free at 877-481-4010 or International 919-882-2331, which is available for two weeks. Reference number is 41412. Listen to webcast: https://bit.ly/3or4jFC.

OTC Markets Group Inc (OTCQX:OTCM) has announced that Southern Silver Exploration Corp (CVE:SSV) (OTCQX:SSVFF), a precious/base metal exploration and development company, has qualified to trade on the OTCQX Best Market. The company upgraded to the OTCQX from the OTCQB market and begins trading today (May 19) under the symbol “SSVFF.” The OTCQX Market is designed for established, investor-focused US and international companies. 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 marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.

OTC Markets Group Inc (OTCQX: OTCM) has announced that Vangold Mining Corp (CVE:VGLD) (OTCQX:VGLDF), an exploration and development company engaged in reactivitating past producing silver and gold mines in Mexico, has qualified to trade on the OTCQX Best Market. The company has upgraded from the Pink market and begins trading today (May 19) under the symbol “VGLDF.” Upgrading to the OTCQX 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.

Genprex Inc (NASDAQ:GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, will participate in Noble Capital Markets’ Virtual Roadshow Series, presented by Channelchek, on May 20. The virtual roadshow will feature a corporate presentation from Genprex CEO Rodney Varner, followed by a Q&A session proctored by Noble Senior Research Analyst Robert LeBoyer. Registration is free and open to all investors, at any level. The presentation time is from 1-2 pm EST. Registration link is https://bit.ly/3hyiXcs

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/949974/na-proactive-news-snapshot-kintara-therapeutics-plantx-life-binovi-technologies-atlas-engineered-products-imaginear-update--949974.html


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