NA Proactive news snapshot: Milestone Scientific, Loncor Resources, LeanLife, Genprex, BioSig Technologies UPDATE...

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

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Milestone Scientific Inc (NYSEAMERICAN:MLSS) president Arjan Haverhals said Monday that the developer of computerized drug delivery instruments continues to see growth in dental sales during the fourth quarter of 2020. “As previously reported, our dental business has continued to recover, as dental offices reopen across the country and around the world,” said Haverhals, who’s also CEO of Wand Dental Inc, in a statement. “While we are not back to pre-pandemic levels, I am pleased to report our sales continue trending in the right direction and we anticipate revenue in the fourth quarter of 2020 to be a minimum of $1.7 million.” Haverhals said such a haul in revenue would represent a 40% sequential increase versus the 3Q, which follows a 718% increase for the 3Q compared to the 2Q of 2020. This does not include recent sales to the company’s Chinese distributor of about $450,000, which will be recorded as revenue when the inventory is resold by the distributor. 

Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) announced that the first core hole of the 7,000 metre drill program at the Adumbi deposit on its 84.68% owned Imbo project in the Democratic Republic of the Congo (DRC) has hit “multiple gold sections,” including 20.33 metres grading 2.47 grams per tonne (g/t) gold and 4.8 metres grading 5.40 g/t gold. The company noted that the drill program’s objective is to outline additional mineral resources to the current 2.5 million inferred ounces on the project, grading 2.54 g/t gold, which includes the Adumbi, Kitenge and Manzako deposits.

LeanLife Health Inc (CSE:LLP) (FSE:LL1) is cheering the in-ring comeback of boxing legend Mike Tyson some 15 years after his last fight. The fight against Roy Jones Jr at the Staples Center in Los Angeles last Saturday attracted a record audience on Pay TV channels around the globe. LeanLife said the fight, which ended in a draw, is a huge win for the company and the marketing for the US launch of its "Iron Energy" drink branding the iconic boxer. Tyson has already committed to three more fights next year, the company noted. 

Genprex Inc (NASDAQ:GNPX) announced Monday it had started clinical trial site recruitment for its upcoming Acclaim-1 study for the treatment of non-small cell lung cancer. The trial looks at Genprex’s lead drug Reqorsa in combination with AstraZeneca’s Tagrisso in patients with late stage non-small cell lung cancer (NSCLC) with mutated epidermal growth factor receptors, whose disease has progressed after being treated with Tagrisso. Acclaim-1 is an open-label, multi-center Phase 1/2 clinical trial that is expected to begin in the first half of 2021.

BioSig Technologies Inc (NASDAQ:BSGM) reported that its PURE EP technology will be featured in several live cases broadcast during EPLive 2020, the fifth international symposium on complex arrhythmias. The company said a total of 21 live and 13 recorded cases will broadcast from the Electrophysiology Center at St. David’s Medical Center in Austin, Texas, with expert commentary that will serve as the primary teaching tool.

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) on Monday said it expects “substantial improvements” during fiscal 2021, with the goal of achieving cash-flow break-even and profitability by the second quarter that ends January 30, 2021. The company made the forward-looking announcement after reporting fourth quarter and fiscal year 2020 results (both of which ended July 31) that underscored the effects of the COVID-19 pandemic on revenue and income. For FY20, the company recorded C$12 million in revenue, compared to C$18 million in FY19. Net loss was C$22.2 million versus a loss of C$19.1 million a year before -- which includes a C$2.2 million impairment charge from discontinued operations in California. Nevertheless, looking forward, the company expects that the availability of high-quality cannabis flower cultivated in-house will increase demand for the company's products and have a positive impact on its gross margins going forward.

Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) has announced the addition of new board member, Peter M. O'Rourke Sr, until recently the acting Secretary of Veterans Affairs (VA) for the US government.  The group noted that O'Rourke led the department overseeing over 380,000 employees and was responsible for executing a $196 billion-dollar budget. He began his service with the VA as Senior Advisor to the Secretary moving up to the position of Executive Director for the Office of Accountability and Whistleblower Protection and then promoted to VA Chief of Staff.

Aequus Pharmaceuticals Inc (CVE:AQS) (OTCQB:AQSZF) saw its revenue jump by double-digits year-over-year in the third quarter thanks to better market access and increased sales of its PrVistitan and Tacrolimu eye treatments. The company posted revenue in the three months ended September 30, 2020, of C$618,984, a 67% increase from the same quarter in 2019. Aequus also saw its 3Q net loss decrease to C$251,921, down 62% year-over-year. The loss for the nine-month period to the same date was C$879,984, a decrease of 57% year-over-year. “We are very encouraged by our performance in the third quarter,” said Aequus CEO Doug Janzen in the results statement. “We saw strong revenue growth from both PrVistitan and Tacrolimus and our losses were sharply reduced by 62% over the same period last year.”

Algernon Pharmaceuticals Inc (CSE:AGN) (FRA:AGW) (OTCQB:AGNPF) announced Monday that its 168th and final patient has been enrolled in its multinational Phase 2b/3 human study of NP-120 (Ifenprodil) for the treatment of COVID-19. In addition, the company recently announced that it would be providing interim data from 75 patients from day 15 of their participation in the study in the first week of December. But since the treatment period after enrollment is two weeks, with a two-week follow-up thereafter, the interim data readout date has now been moved to the third week of December to ensure that the patients who recently enrolled can complete their treatment regimen before data is presented, Algernon said in a statement. 

Hannan Metals Limited (CVE:HAN) (OTCPINK:HANNF) (FRA:C8MQ) unveiled Monday a milestone deal with Japanese state-owned group JOGMEC, which sees the latter able to earn up to a 75% stake in Hannan's giant Peruvian project by spending up to US$35 million. The partners will advance the San Martin asset, which spans over 656 square kilometres (sq km), in a bid to make a new discovery in what is believed to be a new, basin-scale high-grade copper-silver system.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC) announced Monday a North American reseller and distribution agreement with API Pharma for its COVID rapid antigen and antibody tests.  In a statement, Empower said its KAI Medical Laboratory provided API significant scientific data through three months of clinical trials. As a result, Empower and API are now able to sell these test products with confidence, on an unlimited basis, to its customers and prospective customers nationwide in the US and European countries supporting the CE mark approval.

Lingo Media Corporation (CVE:LM) (OTCQB:LMDCF) (FRA:LIMA), the education technology company, has been busy developing its offering and expanding its distribution in its third quarter. The Toronto-based company signed a new distributor in its core market of China and boosted its content for both Pre-A1 and Pre-A levels, according to financial results released over the weekend. Total revenue for the quarter came in at C$68,775, compared to C$117,545 in the same year-ago quarter.

Bragg Gaming Group (CVE:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) reported that its ORYX Gaming subsidiary is poised to enter the Swiss market after signing a content deal with Grand Casino Luzern’s mycasino.ch. Grand Casino Luzern is the largest online casino operator in Switzerland and was the second casino in the country to launch an iGaming offering under the mycasino.ch brand when the market opened in 2019. It noted that mycasino.ch generated CHF8.9 million in revenues in 2019.

First Cobalt Corp. (CVE:FCC) (OTCQX:FTSSF) said it has commenced a geophysical survey to follow up on high-grade silver and cobalt intercepts in a historic mining area of the Canadian Cobalt Camp and test new tools that could be applied to prospective greenfield areas elsewhere in this mining district. The company said the objective is to generate 3D imaging of cobalt and silver veins for future drill targeting at Kerr where previous high-grade drill intercepts included up to 1,442 grams per ton (g/t) silver and 0.28% cobalt over 2.5 metres. The program will trace extensions to mineralization in one of the richest past-producing areas of the Cobalt Camp, where 8 historic mining operations produced over 75 million ounces of silver, it added.

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCQB:NSPDF) (FRA:50N) announced Monday a boost for its NATERA plant-based food brand as it revealed it has secured sales of its products via a leading Canadian foodservice distributor. The three products in question are entrees - the NATERA Plant-Based Schnitzel, Seasoned Tenders and Sweet Chili Tenders - which will be carried in the distributor's BC-based centres in Vancouver, Kelowna, and Victoria. On Friday, the company reported reduced revenue in its latest nine-month results due to coronavirus (COVID-19) challenges, but narrowed its net loss and said it was well placed to benefit from the growing plant-based food market.

Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) (FRA:TLD) announced partial drill results from the first two holes of the 2020 drill program at the Ayawilca project in Peru, which included 25.9 metres (m) of 10.0% zinc and 15 grams per tonne (g/t) silver from 282.6m. The company noted that drill hole A20-170 at South Ayawilca intersected several zones of high-grade zinc (silver-lead) mineralization from 203m to 357m depth, but that assay results beyond 309m depth are still pending. Tinka did say, however, that significant visible zinc and iron sulphide mineralization has been observed from 309m depth.

Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) has announced the addition of new board member, Peter M. O'Rourke Sr, until recently the acting Secretary of Veterans Affairs (VA) for the US government.  The group noted that O'Rourke led the department overseeing over 380,000 employees and was responsible for executing a $196 billion-dollar budget. He began his service with the VA as Senior Advisor to the Secretary moving up to the position of Executive Director for the Office of Accountability and Whistleblower Protection and then promoted to VA Chief of Staff.

Alpine 4 Technologies, Ltd. (OTCMKTS:ALPP) has introduced Craig Codling as its Chief Technology Officer  Prior to joining Alpine 4, the company noted, Codling worked for Ancestry.com as a lead development architect. His team led the way for the creation of several new innovations that allowed Ancestry.com to facilitate billions of transactions daily.  It also said he was the founder of Kiware, Inc., a robust ERP platform for the manufacturing and wholesale industries. He and Kiware worked closely with manufacturing businesses to provide greater visibility to their accounting, inventory management, customer relation and project management data needs.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) (FRA:N29) said Monday that two of its executives will appear on the Event Hustler podcast this week to talk all things augmented reality. President Paul Duffy and chief channel officer Vivian Chan will talk about the growing role of AR and experience mapping in the virtual and hybrid event sector as the show’s featured experts on its December 2 episode. 

Killi Ltd (TSXV: MYID) (OTCQB: MYIDF), a global leader in consumer privacy, is inviting all interested parties to join CEO Neil Sweeney on December 7 at 1 pm ET for an update and discussion on the company’s outlook via Zoom. "Since our last update in September, we have made tremendous progress with the development of the Killi ecosystem and the launch of the Killi Paycheck paying consumers in weekly passive cash payments," said Sweeney. "With the continuing movement towards data privacy and the consumer desire to be included in the transaction of their personal information, Killi is poised to be at the forefront of this industry." Please download Zoom and register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZAvf-GuqjgtHNGKwArcl0n6fp36Y75TUFKV. After registering, you will receive a confirmation email with information about joining the meeting.

Antibe Therapeutics Inc. (TSX:ATE) (OTCQB:ATBPF), a clinical-stage company leveraging its unique hydrogen sulfide platform to develop safer medicines for pain and inflammation, announced that further to its press release issued on November 17, 2020, the consolidation of the company’s issued and outstanding common shares on the basis of 10 pre-consolidation common shares for 1 post-Consolidation common share has been approved by the Toronto Stock Exchange and will be effective as of market open on Tuesday, December 1, 2020. Following the consolidation, Antibe will have approximately 38,754,063 common shares issued and outstanding. As a result of the consolidation, the company’s outstanding warrants will be proportionately adjusted such that 10 warrants are now exercisable 1 post-consolidation common share. The company’s outstanding restricted share units and options will also be adjusted accordingly.

Thunderbird Entertainment Group Inc (CVE:TBRD) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 55,698 shares at a deemed price of $2.045 to Jennifer Twiner McCarron in consideration of certain services provided to the company as the chief executive officer under an agreement dated June 19, 2018.

Binovi Technologies Corp. (CVE:VISN) (OTCMKTS:BNVIF), a leader is neuro-vision performance technology, announced that subject to the approval of the TSX Venture Exchange, it intends to settle $214,088.70 in outstanding indebtedness to an arms-length party through the issuance of an aggregate of 1,223,364 common shares at a price of $ 0.175 per share. The shares issued under the debt settlement will be subject to a hold period of four months and one day from the date of issuance.

Ceylon Graphite Corp (CVE:CYL) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 250,000 non-transferable bonus warrants to an arm's-length creditor, Michael Judge, in consideration of advancing a secured credit facility of $150,000 principal amount to the company. The principal amount will bear no interest and matures on December 28, 2020. Each bonus warrant is exercisable into one common share at 15.5 cents for a one-year period.

Phunware, Inc. (NASDAQ:PHUN), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, said it is scheduled to participate at the following virtual financial conferences next month, December 2020 - Gateway-Hosted Group Presentation on Thursday, December 3 at 11.00am ET Registration link: https://gatewayir.zoom.us/webinar/register/WN_k_7FviuuSfGGL6ZFDQkFa. Benzinga Global Small Cap Conference on Wednesday, December 9 at 3.45pm ET: https://www.benzinga.com/events/small-cap/;  LD Micro 13th Annual Main Event on Tuesday, December 15 at 2.00pm ET, webcast link: https://investors.phunware.com/news-events/ir-calendar. To receive additional information, schedule a one-on-one meeting, or attend a presentation, please contact Phunware’s IR team at PHUN@gatewayir.com.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, announced that Filo Mining Corp. (CVE:FIL) (OTCQX:FLMMF) (Nasdaq First North Growth Market:FIL), a Canadian mineral exploration company, 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.  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. Jamie Beck, president & CEO of Filo Mining commented: "We are very pleased to begin trading on the OTCQX, making Filo shares more accessible to an even broader range of investors. This important milestone will strengthen our US and global shareholder base and increase the liquidity of our common shares to the benefit of all investors, current and prospective."

Virtual Investor Conferences, the leading proprietary investor conference series, has announced the agenda for the upcoming Innovation lnvestor Conference. "We are proud to feature those companies embarking upon their next stages of growth and welcome back keynote Scott Powell, President & CEO, Skyline Corporate Communications Group, LLC," said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group (OTCQX:OTCM), which owns Virtual Investor Conferences. Powell added: "Skyline Corporate Communications Group, LLC is pleased to again sponsor a VirtualInvestorConferences.com event. It is a great roster of presenting companies representing a variety of industries and countries. I would like to extend special thanks to the OTC Markets Group for allowing us to participate in what is sure to be an exciting day of corporate presentations from many high-growth companies." Individual investors, institutional investors, advisors and analysts are invited to attend and can register at: https://bit.ly/3l9IWVH The program opens at 8.45am ET on Thursday, December 3, 2020, with the first live webcast at 9.00am ET. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

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