leadf
logo-loader

CA Proactive news snapshot: Gevo, Cloud Nine Education Group, Hillcrest Petroleum, Codebase Ventures, Nextleaf Solutions UPDATE...

A glance at some of the day's highlights from the Proactive Investors Canada newswire

AEX Gold -
Your daily round-up from the world of Proactive

Gevo Inc (NASDAQ:GEVO) announced that its CEO, Dr. Patrick Gruber, will participate in Water Tower Research Fireside Chat Series on Thursday, January 21, 2021 at 3:00 pm EST. The topic will be the concept of Net-Zero Projects to produce energy-dense liquid hydrocarbons using renewable energy and Gevo’s proprietary technology. The concept of a Net-Zero Project is to convert renewable energy (photosynthesis, wind, renewable natural gas, biogas) from a variety of sources into energy-dense liquid hydrocarbons.  The hydrocarbons, when burned in traditional engines, have the potential to achieve net-zero green house (GHG) emissions across the whole lifecycle of the liquid fuel. Investors and other persons interested in participating in the event must register using the link below: 
https://globalmeet.webcasts.com/starthere.jsp?ei=1422180&tp_key=68f3ef73e7

Cloud Nine Education Group Ltd (CSE:CNI) (OTCMKTS:CLGUF) announced that in response to a request by the Investment Industry Regulatory Organization of Canada to comment on recent trading activity of its common shares, the company said it is not aware of any material undisclosed developments and has no material information or change to report at this time. Cloud Nine Education noted that it will keep the market informed as required. It was brought to the company's attention that there was a news release posted today titled "AT&T Renews Esports Sponsorships With 100 Thieves & Cloud9." The Cloud9 name mentioned in this news release is not Cloud Nine Education and is in no way affiliated with Cloud Nine.

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) (FRA:7HI) announced that it has closed a non-brokered private placement financing for gross proceeds of up to C$1.27 million, which involved the issuance of up to 25,340,000 units of the company at a price of $0.05 per unit. Hillcrest said it intends to use the offering proceeds for well maintenance on the company’s existing wells, preparation for the drilling of a new well, retirement or reduction of payables, the payment of provincial royalties related to its oil and gas operations, and further development of the company’s energy portfolio through the establishment of a local energy laboratory, as well as for general working capital purposes.

Codebase Ventures Inc (CSE:CODE) (OTCQB:BKLLF) said Monday that it has recently negotiated an extension to its option to purchase another 21% of Arcology for another year by an investment of $1 million. If the company exercises that option, it would then own 51%. The company also clarified that in its press release of January 15th regarding the signing of a definitive agreement to acquire bit mining infrastructure, that the first phase will deliver 9,450 terahash per second, not 9,450 petahash as stated.

Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF) reported that it has been granted a patent for the acetylation of cannabinoids (CBD), as well as the subsequent refinement of CBD-O-Acetate using a proprietary extraction and distillation technique, from the Canadian intellectual property office. Nextleaf noted that it now owns 12 US patents and 70 patents globally for the extraction, purification, and delivery of cannabinoids, which is says represents the second-largest patent portfolio among all cannabis companies.

Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) said it had paid finder's fees to Elysium Mining Ltd in connection with the previously announced initial closing of the acquisition of the Berenguela silver-copper project, following the acquisition agreement with SSR Mining Inc. Aftermath issued 346,279 of its shares to Elysium and made prior cash payments to Elysium in total of USN$109,477. The finder's fee shares are subject to a statutory hold period of four months plus one day, in accordance with securities laws.

Trillium Gold Mines Inc (CVE:TGM) (OTCQX:TGLDF) (FRA:0702) said it has acquired what it called a “highly-prospective” property in Ontario’s Red Lake Mining District, while consolidating an additional 7,939 hectares in the Confederation Lake and Birch-Uchi Greenstone Belts. Trillium Gold Mines also announced the acquisition of three Quebec properties in the Matagami and Chibougamou areas of Quebec as well as the Larder Lake Property, which is in close proximity to the operations of Agnico Eagle Mines and New Found Gold. 

XPhyto Therapeutics Corp (CSE:XPHY) (OTCQB:XPHYF) (FRA:4XT) is moving closer to commercializing its rapid COVID-19 PCR test in 2021, it told shareholders Monday.  In a business update, the life sciences accelerator said that it is “on the cusp of transformational change” as its product development programs, including the rapid PCR test, move through the laboratory and into the clinic.

Valeo Pharma Inc (CSE:VPH) (OTCQB:VPHI) (FRA:VP2) has named seasoned executive Frederic Fasano as its president and chief operating officer (COO), a newly-created role, as the company continues its growth story. Fasano has over 25 years' experience in managing strategic affiliates in Canada, Europe, and Latin America, and before joining Valeo, he was president and CEO of Servier Canada, a fully integrated affiliate of Servier Group - the independent, international and independent pharma group."This increase in management depth, coupled with our solid foundation of products and people, positions us well for the dynamic growth we foresee in the coming years," said Steve Saviuk, who, himself, continues as Valeo's CEO but also becomes vice-chairman. Richard MacKay remains the chairman of the board.

AEX Gold Inc. (CVE:AEX) (LON:AEXG) told investors it continues to advance its flagship Nalunaq gold project in South Greenland, with exploration and mine development work going according to plan. The company has selected a contractor for the underground development part of the exploration program and the pair are currently finalizing the contract ahead of mobilizing in the second half of this year, it said. Meanwhile, processing items for mining such as crushing and grinding circuits were awarded in December and early January, while the rest of the equipment will be procured during the first half of this year, including the gold room equipment, power generators and pumping systems.

KWESST Micro Systems Inc (CVE:KWE) (OTCMKTS:KWEMF) announced that it has agreed to acquire Low Energy Cartridge (LEC) technology, a proprietary non-lethal munitions technology system, from privately-held DEFSEC Corporation, a company owned by the KWESST executive chairman David Luxton. The company said it will issue one million KWESST shares plus 500,000 KWESST share purchase warrants, exercisable at a price of $0.70 per share, to DEFSEC in exchange for the LEC Technology.

District Metals Corp (CVE:DMX) (OTCMKTS:MKVNF) (FRA:DFPP) announced a drilling contract with Hy-Tech Drilling Sweden AB for an upcoming drill program at its flagship Tomtebo project in Sweden. The junior company is planning to drill a minimum of 5,000 metres (m) at the polymetallic project in an effort to confirm and expand the mineralization at the historic mine.  Drilling is expected to start in late February or early March, according to a statement from the Vancouver-based company.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) is now solely focused on exploration in Nevada and Ontario, the company said Monday, as it concluded the sale of its Colombian assets. In a statement, the group said it had completed the sale of its Yarumalito property in the South American country and the government had now transferred the title to GoldMining Inc (TSE:GOLD) (NYSEAMERICAN:GLDG) (FRA:BSR). This means 559,179 GoldMining shares held in escrow have now been released to Newrange.  Newrange has also now finalized the sale of its Colombian subsidiary and the El Dovio project to Andean Mining Corp, netting the company US$750,000. 

Lexaria Bioscience Corp (NASDAQ:LEXX) (NASDAQ:LEXXW) (CSE:LXX) has bolstered its board with the addition of Al Reese Jr. Certified accountant Reese has over 40 years' experience in public and private businesses and was finance chief at a former Nasdaq-listed energy company, where he arranged transactions totaling more than US$10 billion over two decades.

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) (FRA:5GE1) announced that it has engaged Qubex Capital Inc. as its financial advisor. The company said Qubex will assist in reviewing various financing strategies and aiding in the identification and evaluation of strategic proposals to strengthen it’s exposure to the junior resource market-focused within the battery and clean energy sector, with a view to maximizing shareholder value. 

Silvercorp Metals Inc (CVE:SVM) has reportedly had its rating raised to 'buy' from 'hold' by Canaccord Genuity analyst Dalton Baretto on valuation grounds. Baretto has also raised his share price target for Silvercorp up to $11.00 from $10.75. In a note, he pointed out that Silvercorp shares have recorded a 16% gain in calendar 2020, underperforming the peer group average of 51%, despite a 45% rally in the silver price.

Mineworx Technologies Ltd., (CVE:MWX) (OTCQB:MWXRF) (FRA:YRS) has announced the appointment of Harvey Granatier as a director of the corporation. It also announced that Akiva Borenstein has resigned as a director, and Mineworx said it would like to thank him for his dedication and service to the corporation. In a statement, Mineworx CEO Greg Pendura commented: “Akiva has been an exceptional director these past six years and has not only provided the company with valuable advice on strategic direction but has shown considerable support by becoming one of our largest shareholders”.

Nova Royalty Corp. (CVE:NOVR) (OTCQB:NOVRF) has announced that the company's common shares have been approved for quotation on the OTCQB Venture Market from the opening of the market on Tuesday, January 19, 2021, under the stock symbol "NOVRF". The OTCQB is the premiere marketplace for early-stage and developing US and international companies that are committed to providing a high-quality trading and information experience for their US investors. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. The company believes that trading on the OTCQB will provide additional equity and liquidity as well as increasing its visibility within the United States. Nova Royalty continues to trade on the TSX Venture Exchange under the ticker symbol "NOVR".

GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS), the leader in Swiss hosted secure data management and secure communications, has announced the closing of its private placement offering, first unveiled on January 4, 2021, for total gross proceeds of C$1,080,000. The company said it plans to use the proceeds of this financing primarily for operational sales and the marketing of its Sekur security solution offering secure email, instant messaging and file sharing, as well as any other marketing related activity for sales in Canada, the USA, Latin America and South Asia. The offering was for a total of 9,000,000 units at a price of C$0.12 per unit, with each unit consisting of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of $0.15 per share for a two-year term. GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS), the leader in Swiss hosted secure data management and secure communications, has announced the closing of its private placement offering, first unveiled on January 4, 2021, for total gross proceeds of C$1,080,000. The company said it plans to use the proceeds of this financing primarily for operational sales and the marketing of its Sekur security solution offering secure email, instant messaging and file sharing, as well as any other marketing related activity for sales in Canada, the USA, Latin America and South Asia. The offering was for a total of 9,000,000 units at a price of C$0.12 per unit, with each unit consisting of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of $0.15 per share for a two-year term.

VR Resources Ltd. (CVE:VRR) has said it intends to complete a non-brokered private placement of up to 5,000,000 units at a price of $0.30 per unit for gross proceeds of up to $1,500,000. The company said it will use the gross proceeds of the financing for mineral exploration on its properties in Nevada and Ontario, and for general administrative costs. In particular, the funds will allow the company to advance the Reveille silver-copper property in Nevada to first-pass drilling in 2021, beginning this winter. Each unit in the placement will consist of one common share of the company and one-half of a common share purchase warrant, with each whole warrant entitling the holder to acquire one additional VR common share at an exercise price of $0.45 each for a period of 18 months from the closing date of the financing.

PyroGenesis Canada Inc (CVE:PYR) noted that its president and chief executive officer P. Peter Pascali has filed a notice of intention to sell up to 400,000 PyroGenesis shares held through Fiducie de Credit Mellon Trust. According to the Toronto Stock Exchange, Pascali currently holds 59,877,941 common shares of the company. He also holds 7,251,000 common shares through 8339856 Canada Inc., 9,459,781 common shares through Fiducie de Credit Mellon and one million common shares through The 2% Solution Foundation. Pascali may begin selling shares on January 21, 2021, the TSX notice said.

QC Copper and Gold Inc. (CVE:QCCU) has announced that it will be featured at Ore Day this Friday, January 22. QC Copper and Gold will present a webinar and Q&A between Stephen Stewart, its CEO and Charles Beaudry, VP Exploration. Ore Day is a virtual conference hosted by the Ore Group, a private natural resource development group focused on gold, copper, nickel and uranium. Ore Day also will feature industry experts including: David Rosenberg, World-renowned Economist; Ken Hoffman, EV Battery Metals Expert, McKinsey & Company; Justin Huhn, The Uranium Insider; Andrew Cosgrove, Global Head of Metals & Mining Research at Bloomberg Intelligence; and Bill Powers, MiningStockEducation.com. Investors can register via the following link: www.oreday.com

Proactive Analyst, Dr Ryan Long has initiated coverage on Deep-South Resources Inc (CVE:DSM) which he believes to be a highly profitable copper project with a low market valuation. 

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of GlobeX Data named herein, including the promotion by the Company of GlobeX Data in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Kenorland Minerals beginning 2021 drill program at Regnault area of Frotet...

Kenorland Minerals (CVE: KLD) CEO Zach Flood joined Steve Darling from Proactive to share details about the company's drill program at the Frotet Project in Quebec. That drilling will focus on the initial discovery that was made in 2020 called Regnault. Flood telling Proactive, this...

3 hours, 11 minutes ago

12 min read