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NA Proactive news snapshot: GameSquare Esports, Plurilock Security, Altaley Mining, Marvel Discovery, NorthWest Copper ...

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GameSquare Esports Inc (CSE:GSQ) (FRA:29Q1) announced that it has acquired Cut+Sew and Zoned, a privately held marketing agency operating in the sports and esports industries. It will fund the transaction, worth up to $7.85 million, with cash and shares. The Toronto-headquartered company said it acquired Cut+Sew and Zoned to boost its capabilities across sports, technology, new media, music & fashion. The acquisition will bring additional marketing capabilities to GameSquare and will help to increase the brand’s capabilities in numerous sectors, including traditional sports, gaming, emerging technology, new media, music and fashion, it added. GameSquare said it sees potential for Cut+Sew/Zoned to accelerate its top-line growth while generating healthy underlying earnings (EBITDA) margins of roughly 40%, based on past performance, adding to its portfolio of profitable companies.

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) said it has received a US$1.7 million order with the US Department of Defense as it focuses on growing its government business vertical. The order forms part of the National Aeronautics and Space Administration’s (NASA) solution for enterprise-wide procurement, a US government-wide acquisition contract vehicle. Following a US$1.15 million order with the US Department of the Navy in May, Plurilock said the latest purchase order represents its second order worth over US$1 million in recent months. All contracts and orders signed since May, including the latest order, represent a combined total of US$5.5 million in sales. Under the terms of the offer, Plurilock will provide the Department of Defense with a collection of IT software and hardware products, including network communication equipment, IT system components, peripherals, and software.

Altaley Mining Corporation (CVE:ATLY) (OTCMKTS:ATLYF) (FRA:TSGN), formerly Telson Mining Corp, said improved processing and rising metals prices had led to increased net revenue from its Campo Morado polymetallic mine in Mexico in the second quarter of this year. For the three months to end-June, the miner reported a 36% increase in net revenue at the mine to US$16.2 million, compared to US$11.9 million in the first quarter of 2021. Meanwhile, the average metal recoveries in the second quarter increased in all metals with gold up by 50%, silver by 23%, lead by 18% and zinc up by 6%.

Marvel Discovery Corp (CVE:MARV) (FRA:O4T1) (OTCQB:MARVF) said it has commenced exploration at its Slip project in central Newfoundland, contracting Balch Exploration Consulting Inc (BECI) to conduct a high-resolution magnetic gradiometer survey. The Vancouver-based emerging resource company said it has also contracted Roland Quinlan of Edge Exploration, one of the most highly regarded and well-known prospectors in Newfoundland. Quinlan will begin a systematic prospecting program of the entire Slip property. Marvel said BECI’s survey results will allow for a detailed litho-structural analysis of the entire project area. BECI provides a state-of-art acquisition system with an airframe design based on a high drag principle to keep the sensors on-line and without the need for magnetic compensation resulting in the highest quality total magnetic intensity and gradiometer data.

NorthWest Copper Corp (CVE:NWST) (OTCMKTS:NWCCF) (FRA:34S0) said it has added 16 claims to its East Niv project, which now covers 43,297 hectares.  Situated in Central British Columbia, East Niv is one the NorthWest Copper’s three key exploration projects. East Niv is located 40 kilometers (km) south of the Kemess Mine, within the eastern Stikine Terrane, which hosts numerous porphyry deposits. Described as a highly prospective exploration project, East Niv presents an opportunity to discover a brand-new copper and gold porphyry deposit within a Tier 1 jurisdiction. 

TraceSafe Inc (CSE:TSF) (OTCMKTS:UTOLF) (FRA:1UZ) has announced that it will be the exclusive provider of wearable health and safety technology for the Calgary Stampede from July 9-18. The company said wearable technology, in the form of ultra-light battery-powered wristbands, will be used by all competition athletes, rodeo staff and international travellers. The deployment follows TraceSafe’s successes in other popular event venues, like Boston’s TD Gardens and at the World Junior Hockey Championship earlier this year. Calgary Stampede officials worked in consultation with leading event professionals, the Alberta health authorities, and TraceSafe to develop a discreet technology solution that will allow the event to proceed safely, the company said.

African Gold Group Inc (CVE:AGG) (OTCMKTS:AGGFF) (FRA:3A61) said its updated feasibility study (DFS) on the Kobada gold project in Mali is on track to be delivered in the third quarter this year and will show that the processing method for treating the oxide ore will also be suitable for the sulphides. The final metallurgical testwork on the sulphides is now complete, the firm said, and work continues on updating the resource estimates (MRE) for the project and the updated DFS, which will also include the drill assays of more than 7,000 metres (m) from the most recent program.

BioVaxys Technology Corp (CSE:BIOV) (FRA:5LB) (OTCQB:BVAXF) has closed the first tranche of its non-brokered private placement.  Under Tranche 1, the company issued 3,812,159 units at $0.22 each for gross proceeds of $838,675. Each unit consists of one common share and one whole common share purchase warrant. Each warrant is exercisable for one additional share at an exercise price of $0.50 for a period of 30 months. The aggregate private placement consists of the sale of up to 9,090,909 units for total gross proceeds of up to about $2 million. BioVaxys, which said the closing of the second tranche is anticipated to be completed within the next week, intends to use the net proceeds to advance its research and development programs and for working capital.

Phyto Extractions Inc (CSE:XTRX) (FRA:D2EA), formerly Adastra Labs Holdings Ltd, has announced the appointment of Oliver Foeste as the company’s new chief financial officer (CFO), as well as Paul Morgan as a new company director. Foeste, founder and managing partner of Invictus Accounting Group LLP, has significant executive, director, finance, and restructuring experience across a number of industry sectors. He also previously served in senior finance and accounting roles with TSX, TSX Venture Exchange, and NYSE-listed issuers.

Snowline Gold Corp (CSE:SGD) (OTCPINK:SNWGF), the Yukon-focused gold explorer, revealed that Crescat Capital is investing in the group via a private placing, which will see the latter take an around 6.7% stake in the Yukon-focused explorer.  It is part of a C$1 million non-brokered placing of units and proceeds will go towards advancing, through mapping, sampling and prospecting, the Ursa gold and base metals project, and fund a future 1,500 metres (m) diamond drill program.

C3 Metals Inc (CVE:CCCM) (OTCMKTS:CARCF), formerly Carube Copper, has entered into an agreement to acquire 100% of Hochschild Mining PLC’s (LON:HOC) (OTCMKTS:HCHDF) (FRA:H3M) interest in the company’s flagship Jasperoide Copper-Gold Project in Peru. In consideration for the acquisition, C3 Metals said it will issue 25,001,540 common shares to Hochschild (or about 4.65% on a fully diluted basis).

Else Nutrition Holdings Inc. (CVE:BABY.) (OTCMKTS:BABYF) (FRA:0YL) has announced that its CEO & co-founder, Hamutal Yitzhak has been selected by World Biz Magazine as a recipient of the Top 100 Innovation CEOs Award for 2021. World Biz Magazine’s Top 100 Innovation CEO Awards celebrates business leaders across the globe that are making major strides in their respective industries. “It’s an absolute honor to receive this recognition from World Biz Magazine, and to be in the company of such innovators,” said Yitzhak in a statement.“We are constantly looking for the ‘something’ else that the consumer and the market are wanting. We have created a breast milk analogue from an innovative combination of 3 plants using a disruptive, beyond organic, food processing which is the most sustainable, all natural, and cleanest in the industry. We are changing the way formula and nutrition are made, by keeping the sources of protein and fats – in our case, whole food plants, intact, changing just their texture and not their chemical structure (as traditionally done in every other formula in our industry.”

Cabral Gold Inc (CVE:CBR) (OTCMKTS:CBGZF) (FRA:C3J) said it had added another two drill rigs to its flagship Cuiú Cuiú property in Brazil, bringing the total number of rigs in operation to five. The news comes as Cabral revealed another set of results from ongoing drilling at its Morro da Lua target that pinpointed at least three high-grade veins that continue along strike and down dip. The drilling was designed to establish the continuity of veins, where drilling had previously intersected 2.8 metres (m) at 19.5 grams per ton (g/t) gold, 0.6m at 14.8 g/t gold and 0.5m at 9.1 g/t gold. 

TechX Technologies Inc (CSE:TECX) (OTCMKTS:TECXF) (FRA:C0B1) said that it has completed the acquisition of Mobilum OÜ, a financial technology start-up that provides fiat infrastructure to the cryptocurrency industry. It funded the $16 million transaction with 26.7 million shares at $0.60 per share. The Vancouver-based fintech company also announced that its board of directors has approved changing the name of the company from TechX Technologies to Mobilum Technologies. 

Gold Resource Corporation (NYSEAMERICAN:GORO) (FRA:GIH) reported its 2Q production results that showed the miner’s output well ahead of last year’s figures. The Denver-based company produced 6,555 ounces of gold and 295,979 ounces of silver from its operations in Mexico, compared to the 2,441 and 185,330 ounces it produced in the same three-month period a year ago. All told, the company sold 9,685 gold equivalent ounces in the quarter ended June 30, 2021, a big increase from the 4,333 ounces a year prior. 

Phyto Extractions Inc (CSE:XTRX) (FRA:D2EA), formerly Adastra Labs Holdings Ltd, has announced the appointment of Oliver Foeste as the company’s new chief financial officer (CFO), as well as Paul Morgan as a new company director. Foeste, founder and managing partner of Invictus Accounting Group LLP, has significant executive, director, finance, and restructuring experience across a number of industry sectors. He also previously served in senior finance and accounting roles with TSX, TSX Venture Exchange, and NYSE-listed issuers. Morgan, meanwhile, has been a practicing lawyer in British Columbia since 2013, with a focus on corporate, commercial, real estate and general business law. 

Aion Therapeutic Inc. (CSE:AION) has announced that Dr Winston De La Haye, medical director of the Aion International Center for Psychedelic Psychiatry in Jamaica, will be speaking at the international CanEx Psychedelics Summit in Montego Bay, Jamaica, taking place July 15-16, 2021. Dr De La Haye will be speaking on, “Psychedelics, the New Frontier in Psychiatry,” revealing for the first time Aion Therapeutic’s signature protocol of starting psilocybin-naive patients on low microdoses and working them up slowly, with supervision, to therapeutic doses over time. In addition, he will be announcing the opening of the Aion International Center for Psychedelic Psychiatry, a first of its kind, in Kingston, Jamaica. The Center will initially specialize in the use of psilocybin for the treatment of addiction (tobacco, alcohol and other drug misuse), treatment-resistant depression and anxiety associated with life-threatening illnesses. In addition, the Center will be studying the effectiveness of psilocybin as a new therapy for opioid addiction, Alzheimer’s disease, post-traumatic stress disorder (PTSD) and anorexia nervosa. “We need all available and effective products for the treatment of patients with mental illness. Psychedelic Psychiatry has the potential to change the lives of millions of patients, reducing their disability and improving their quality of life,” said Dr De La Haye in a statement. “As a Johns Hopkins Alumnus, it is our intention to follow the best treatment protocols like those being established at Johns Hopkins Center for Psychedelic and Consciousness Research.

Nextech AR Solutions Corp. (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) has announced that Evan Gappelberg, the company’s CEO-founder will present at Jefferies Software Conference September 14-15, 2021. Gappelberg, will present & host 1×1 meetings at the conference, which will feature company presentations, fireside chats, panels, and 1×1/small group meetings. This gathering of public & private software companies, as well as leading executives, institutional investors, private equity investors and VCs, will address near and long-term investment opportunities and discuss current trends in the US and internationally.

Aurelius Minerals Inc (CVE:AUL) sad the TSX Venture Exchange has accepted for filing the company’s proposal to issue 133,191 shares at a price of 60 cents per share to settle outstanding debt for $79,914.60 with one creditor.

Osisko Mining Inc. said it has acquired an aggregate of 83,400 common shares of O3 Mining (CVE:OIII), representing approximately 0.12% of the issued and outstanding O3 shares, for aggregate gross proceeds of $185,309.72. Immediately after giving effect to the acquisitions, Osisko had beneficial ownership of, or control and direction over, 18,361,298 O3 shares, representing approximately 27.0% of the issued and outstanding shares on a basic basis (based on there being 68,040,266 shares issued and outstanding as of the date hereof). Osisko said it has acquired the O3 Shares for investment purposes. 

First Mining Gold Corp. (TSX:FF) (OTCQX:FFMGF) (FRA:FMG) has confirmed the final ratios for the distribution by First Mining of 23,333,333 common shares and 11,666,666 common share purchase warrants of Treasury Metals Inc. to shareholders of First Mining on a pro-rata basis, by way of a reduction in the capital of the common shares of First Mining. The distribution will be effected on July 15, 2021. For each share of First Mining held as of market close onJ uly 14, 2021, the shareholder will receive 0.0333635707856306 of a share of Treasury Metals, and 0.0166817846778816 of a warrant of Treasury Metals.  Each warrant of Treasury Metals is exercisable, on a cashless basis only, for one share of Treasury Metals at an exercise price of $1.50 per share until August 7, 2023.  In addition, the warrants of Treasury Metals will commence trading on the Toronto Stock Exchange as of market open on July 15 under the ticker symbol TML.WT. Non-US shareholders of the company who hold Shares of First Mining in a brokerage account will see their pro-rata portion of the shares and warrants of Treasury Metals deposited into their brokerage account on July 15, or within a few days of July 15.

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Source: http://www.proactiveinvestors.com/companies/news/955142/na-proactive-news-snapshot-gamesquare-esports-plurilock-security-altaley-mining-marvel-discovery-northwest-copper--955142.html


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