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NA Proactive news snapshot: EdtechX, TNR Gold, Green Battery Minerals, Wishpond Technologies, Lingo Media, Thunderbird Entertainment, Hillcrest Energy UPDATE...

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EdtechX Holdings Acquisition Corp. II, the edtech-focused special purpose acquisition company (SPAC), has announced that it will use a pioneering method to evaluate the ESG (environmental, social and governance) credentials of potential target businesses in the edtech space. The edtech investment platform said the proprietary methodology, one of the first of its kind in the edtech sector, was developed by European edtech investment platform EdtechX Holdings, along with specialist education technology investment bank IBIS Capital. It examines seven ESG metrics material to the edtech sector including factors such as reach and affordability, efficacy of education or training, responsible selling and marketing practices, customer privacy and data security among others. “EdtechX and IBIS Capital hope its comprehensive methodology will also help edtech companies assess their own ESG criteria and performance, as well as assisting the rising number of generalist investors seeking to enter the space,” the company said in a statement.

TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) said it is arranging a non-brokered private placement of up to 5 million company units, at a price of $0.05 per unit, to raise up to C$250,000. Proceeds of the private placement will be used for exploration, maintenance of the Shotgun Gold project and for general working capital purposes. Each unit of the financing will consist of one company common share plus one half of a non-transferable common share purchase warrant, in which each whole warrant is exercisable into one TNR Gold common share at an exercise price of C$0.075 per share for two years from the date of issue. The company noted that its executive chairman, Kirill Klip, will participate in this private placement. All private placement securities will be restricted from trading for a period of four months plus one day from the date of closing.

Green Battery Minerals Inc has completed its previously announced non-brokered private placement, issuing an aggregate of 15,444,001 flow-through units at a price of $0.15 per FL Unit, for gross proceeds of $2,316,600. Each FL Unit will consist of one common share and one half of one share purchase warrant, with each whole warrant entitling the holder to purchase one (non-flow-through) share at a price of $0.20 per share for a period of 24-months following issuance. The proceeds from the offering will be used for costs associated with the continued exploration/drill program and reports for a planned PEA for the Berkwood Graphite project. 

Wishpond Technologies Ltd has reported a 90% year-on-year revenue increase in the third quarter of 2021 driven by organic growth. For the period ended September 30, 2021, Wishpond achieved a record quarterly revenue of $3.9 million during 3Q of 2021, compared to $2.09 million in 3Q of 2020, The Vancouver, British Columbia-based digital solutions company said that the increase in revenue was primarily driven by higher organic growth from its incremental investment in its sales team and inorganic growth from the positive contribution of its acquisitions. 

Lingo Media Corporation (TSX-V:LM) said it more than doubled its revenue and narrowed its loss in the third quarter to end-September 2021 as the company’s digital sales continued to grow. The edtech group, which sells products for learners of new languages, reported revenue of C$163,493 for the three-month period, up from C$68,775 in the year-earlier quarter. The 3Q net loss came in at C$282,095 compared to a loss of C$357,145 in the third quarter of 2020. “We are very pleased with the addition of key distributors in our core markets and the continued growth in our digital sales. We have invested great efforts to cultivate key relationships and we expect to see results in the coming months and years.,” said Gali Bar-Ziv, the CEO of Lingo Media, which has a presence in Latin America, China and the USA.

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) has announced fiscal first-quarter 2022 revenue of $35.1 million, a 77% year-over-year increase, which the company attributed to growth in its production services projects and the delivery of its live-action series Strays for CBC. Thunderbird also said its free cash flow for the three months ended September 30, 2021, increased by $2.2 million to $3.4 million, a rise of 183%. “Content remains king and Thunderbird is laying the foundation to sustainably grow with the ever-increasing demand,” the company’s CEO Jennifer Twiner McCarron said in a statement.

Hillcrest Energy Technologies (CSE:HEAT, OTCQB:HLRTF) Inc has announced additional proof-of-concept (PoC) testing results on its silicon carbide high-efficiency inverter (SiC HEI) that confirm the ability to eliminate switching losses and increase switching frequencies without increasing temperatures. The Vancouver-based company said the resultant temperature increase is significantly lower than current inverter technologies. This results in significant potential design improvements for future electric vehicle (EV) powertrains, it added. “The company believes its HEI technology has the potential to offer a new class of energy densities in inverters and electric machines not previously achievable,” Hillcrest chief technology officer Ari Berger said in a statement.

Ayurcann Holdings Corp has announced that it is expanding its product lines further into Canada with its Fuego and Vida brands that are now available for sale in Manitoba. The expansion into Manitoba marks the fourth province where Ayurcann brands are available and comes just days after the company announced it will be selling its products in New Brunswick. Ayurcann will be selling its Fuego branded vapes in four flavor profiles and its Vida Tincture line in the Canadian province.

Hawkmoon Resources (CSE:HM) Corp said it has entered into a purchase option agreement to acquire a 100% interest in the Wilson East Property. The company said Wilson East expands its existing land interest to the east of its Wilson property. Wilson East comprises of six claims totaling approximately 338 hectares, situated 15 kilometers (km) east of the town of Lebel-sur-Quévillon, Québec and 170 km northeast of the city of Val-d’Or. The new claims are prospective for gold mineralization and have been drilled, Hawkmoon added. The primary areas of interest range from the Verneuil-Serem Ouest showing eastwards along a sheared contact between the volcanics and gabbro.

ESE Entertainment Inc has said it will produce the Polish broadcast of VALORANT Champions 2021, one of the leading tournaments in the esports industry. The company’s media production arm Frenzy sp zoo will lead the production, which will be broadcast on the Polsat Games television channel. VALORANT Champions 2021 is a major tournament where teams from Europe, the Americas and Asia are competing for a spot in the World Championship tournament.

Goldseek Resources Inc has announced assay results from the final three drill holes at the Beschefer gold project in Quebec, which included 0.96 grams per tonne (g/t) gold over 19.9 meters (m) and 1.56 g/t gold over 7.0m encountered in a 90m step-out hole in the East Zone. The company said 15 of 17 holes returned gold values highlighted by 4.92 g/t gold over 28.65m, the second-best intercept on the property to date in terms of grade and thickness.

TraceSafe Inc said it had introduced “significant software updates” to its technology to improve its capability for users. The tech group, which provides real-time location management services and contact tracing solutions, reported that the enhancements include advanced search capability and a new dashboard. “We are constantly investing in our platform to make it a powerful tool that our clients can use to transform their operations at scale,” said Wayne Lloyd, TraceSafe CEO in a statement. ”Access to meaningful data and analytics will help organizations evolve into the future of operations that is both efficient and sustainable.”

Belmont Resources Inc (TSX-V:BEA) has revealed it is partnering with another Australian company, this time, to advance its Crackingstone uranium project in the Athabasca Basin of Saskatchewan. The junior said it had struck a binding term sheet on an earn-in deal for the asset with XS Resources  – a private exploration company currently applying to list on the Australian Securities Exchange (ASX). Northern Saskatchewan has the largest reserves of uranium in the world and the project sits on the north shore of Lake Athabasca and 8 kilometres from Uranium City. Between 1953 and 1982, 16 deposits were brought into production in the Uranium City area. “As with the recent optioning of our Lone Star copper-gold and Kibby lithium properties to Australian Marquee Resources, we are once again excited to partner with yet another Australian resource exploration company, XS Resources, in the development of our Crackingstone Uranium project,” noted Belmont’s CEO George Sookochoff in a statement.

Jack Nathan Medical Corp has announced the appointment of Marcy Herriman as the company’s new chief operating officer, effective immediately. Herriman, who has more than 10 years of medical and operational experience, joined Jack Nathan Health (TSX-V:JNH, OTCQB:JNHMF) in 2020, serving as the company’s vice president, clinic operations. “I’ve had the privilege of wrking with Marcy for years and recruited her for the Company when I joined as I know firsthand, what she brings to an organization,” Jack Nathan Medical CEO Glenn Copeland said in a statement.

Adyton Resources (TSX-V:ADY, OTCQB:ADYRF) Corporation told investors it has filed updated technical reports with the securities regulators for increased mineral resources estimates for its 100%-owned Fergusson Island and Feni Island Projects in Papua New Guinea. The Australia-based exploration company said the technical reports filed with SEDAR have an effective date of October 14, 2021, and support the mineral resource estimates for the two projects released on the same day. 

Mirasol Resources Ltd has announced its intention to renew its normal course issuer bid (NCIB), subject to TSX Venture Exchange approval. The NCIB allows Mirasol to purchase for cancellation, from time to time, as it considers advisable, up to 3,500,000 of its issued and outstanding common shares, being approximately 6.5% of the company’s currently outstanding common shares and approximately 8.92% of its public float. The bid will commence on December 15, 2021, and will terminate on December 14, 2022, or such earlier time as it is completed or at the option of the company. Haywood Securities Inc. of Vancouver, British Columbia will conduct the bid on behalf of the company.

BTU Metals Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced November 11, 2021, and November 17, 2021, which will see the issue of 3.05 million shares at a purchase price of 9 cents per share together with 1,525,000 share purchase warrants with an exercise price of 15 cents for an 18-month period with five placees.

Stifel GMP has repeated a ‘Speculative Buy’ on Great Bear Resources (TSX-V:GBR) Ltd following news the Red Lake-focused explorer has uncovered a new gold zone called Midwest at its main Dixie property. The new zone was found near the Hinge and Limb areas and the mineralization closely resembled the style at the Dixie Limb zone. Drilled was 20.27 grams per ton (g/t) gold in an intercept of 1.75 metres (m) starting from a depth of 812.35m. “With the maiden resource estimate expected in Q1/22, we re-iterate our thesis that Dixie is shaping up to be a coveted asset in any significant gold producer’s portfolio,” said the Stifel analysts in a note to clients.

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