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NA Proactive news snapshot: Recruiter.com, Bioasis Technologies, Mountain Valley MD Holdings, Exro Technologies, Hannan Metals UPDATE ...

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

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Your daily round-up from the world of Proactive

Recruiter.com Group Inc (OTCQB:RCRT) CEO Evan Sohn released a letter to shareholders Wednesday touting the company’s recent success and plotting a course for future mergers and acquisitions in 2021. “Our corporate mission aligns with our nation's mission at this historic moment,” Sohn wrote. “As the country seeks to rebuild in the aftermath of the pandemic, we will drive the effort to re-hire millions of people and provide new economic opportunities for the next generation.” In December, the company generated $4 million in organic traffic, according to domain research platform SpyFu. In the third quarter, Recruiter.com posted year-over-year revenue growth of more than 50%.

Bioasis Technologies Inc (CVE:BTI) (OTCQB:BIOAF) announced that it has filed its unaudited quarterly financial statements and management’s dISCussion and analysis for the period ended November 30, 2020. All are available under the company’s profile on SEDAR and on its website at www.bioasis.us/investors/.

Mountain Valley MD Holdings Inc (CSE:MVMD) (OTCMKTS:MVMDF) (FRA:20MP) said it has executed an agreement to conduct its Bio Safety Level 4 (BSL-40) lab study of coronavirus (COVID-19) viral clearance in transgenic mice. The company said the study is designed to prove the superiority of its solubilized Ivermectin technology versus a commercially available oral form in speed and efficacy of viral clearance.

Exro Technologies Inc (CVE:EXRO) (OTCMKTS:EXROF), which has developed a new class of power electronics for electric motors and batteries, announced Wednesday that former Audi AG executive Terence Johnsson has joined its board of directors. Johnsson has 35 years of professional experience at top levels of the world's largest automotive manufacturers. He retired from Audi AG in 2019 after leading the corporate P&L Overseas Sales Division and Globalization Strategic Initiative to operating profitability of $1 billion while entering emerging markets with new engineered products. He will help Vancouver-based Exro to stay actively engaged with top leaders in automotive as well as provide guidance to revenue growth of the Coil Driver technology.

MPOWER Financing, a provider of educational loans to high-promise international and DACA students, announced Tuesday that it raised $25 million from New York investment management firm Tilden Park Capital Management LP to fund the automation of its loan platform and additional hiring initiatives. The funds will support platform automation and team growth as MPOWER finances thousands of additional international and DACA students at over 350 universities across North America, the company said.

Hannan Metals Limited (CVE:HAN, OTCPINK:HANNF) revealed it has enjoyed some early success in an area of central Peru chief executive Michael Hudson describes as the “true last frontier within the metal-rich Andes mountain chain”. His comments came alongside field results from the 906-square kilometre, Ucayali project where work focused on two areas: Previsto and Belen, which are around 20 kilometres apart. Geologists carried out both stream sediment and float sampling.  TerraSpec spectral analysis has since been undertaken to assess the distinct and physically significant features of different mineralization.

Q BioMed Inc. (OTCQB:QBIO) said its potential breakthrough chemotherapy for the most common type of liver cancer had been granted orphan drug designation by the US regulator. The Food & Drug Administration (FDA) endorsement would provide a fully-approved Uttroside-B product seven-year market exclusivity following marketing approval. Also on offer are grant funding for clinical trials that contribute to marketing approval, protocol assistance, and tax credits. 

Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) said it now has four rigs turning at its giant Rajapalot project in Finland to complete 20 kilometres (km) of resource expansion drilling. The work is aimed at expanding the 716,000 ounces of gold-equivalent inferred resource at the gold-cobalt property and is planned to be completed by the middle of April this year.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) (FRA:C0B:FF) announced Wednesday that it has signed a Letter of Intent (LOI) to complete an equity investment in CatalX Exchange Inc -- Canada's premier cryptocurrency exchange with over 40 Altcoins available for purchase on CatalX.io. CatalX is a Canadian-based FINTRAC registered and compliant digital asset exchange platform that specializes in cryptocurrency trading, blockchain, and cybersecurity technology. It has developed a scalable and modularized platform with a trading engine that can scale to millions of users in real-time and cutting-edge cybersecurity system CyberSmoat, which is patent-pending, LiteLink said. 

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A) reported up to 97% gold recoveries from samples taken from its flagship Dixie project in Red Lake, Ontario.  The tests confirmed the high gold recoveries with very little impact from accessory sulphides or argillite host rock that is often present in the Dixie Limb zone. Metallurgical testing at Dixie to date suggest similar gold recovery process can be used at both the Dixie Limb and Hinge zones, the Vancouver-based company told shareholders.

Information Services Corporation (TSE:ISV) announced that it has ratified a new six-year collective labour agreement with SGEU Local 2214 (SGEU) Saskatchewan, with respect to the company’s in-scope employees. The new agreement, which expires on September 30, 2025, includes annual wage increases effective October 1 of each year, consisting of 0% for 2019, 1.25% retroactive to 2020, 1.50% in 2021, 1.75% in 2022 and 2% in 2023 and 2024, respectively.  “I would like to commend and congratulate both negotiating teams for finalising a new agreement through virtual meetings. This speaks to the deep understanding between ISC and SGEU, as well as the spirit under which these negotiations were undertaken,” Information Services Corp CEO Jeff Stuseks said in a statement. 

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) reported new sample results from the Jerimum Meio (JM) target on the Cuiú Cuiú gold project in Brazil that show numerous high-grade gold mineralization exposed at surface. Highlights from the results include an outcropping vein structure where channel sampling returned 0.9 metres (m) at 35.5 grams per ton (g/t) gold, and surface grab samples of 23.7, 42.6, 126.4, 145.8, 162.2 and 700.2 g/t gold.  The JM structure has never been previously drill-tested and will be included in the reconnaissance drill program, Cabral said in a statement.

NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) reported that its CEO Evan Gappelberg recently purchased a total of 250,000 company shares, which included open market purchases and the exercising of warrants. NexTech noted that Gappelberg’s purchases comprised of $157,000 following the exercise of warrants, as well as $125,000 worth of company stock purchased in the open market at C$5.08 per share, bringing his 12-month total cash investment in the company to $1,258,421. 

Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) announced Wednesday key business updates and initiatives for 2021, noting it has about $535 million in cash and no significant debt.  The company recently announced the concept of Net Zero Projects to produce energy-dense liquid hydrocarbons using renewable energy and Gevo’s proprietary technology. Gevo is currently developing its Net-Zero 1 Project at Lake Preston, South Dakota. Gevo also last week closed a registered direct offering priced at-the-market under Nasdaq rules of an aggregate of 43,750,000 shares of common stock at $8 each to raise $321.7 million, adding significantly to its runway heading into 2021. 

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) said testing on samples from its Wenden stockpile project in Arizona, US, had achieved manganese extraction rates of up to an encouraging 88%. As previously reported, the project is being funded by an award from the United States Defense Logistics Agency (DLA). The aim is to establish whether ectrolytic manganese metal (EMM) can be produced using American Manganese's ground-breaking recovery process. 

Viscount Mining Corp (CVE:VML) (OTCQB:VLMGF) told investors further drilling is planned to begin at its Silver Cliff property in Colorado in February this year, as the company updated on activity at the project to date. This second phase of work will be focused on expanding the silver resource to the east, continue to define the Kate East zone, with additional drilling at the Passiflora target, the company said.

NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NCCTF) has published a letter to shareholders from its CEO Clayton Moore, who noted that that the cryptocurrency payments company is “in a stronger position for growth than at any point in our history.” Moore explained that the company is expected to launch what it is calling the NetCents Card Program, which would let users add a NetCents card to their Google and Apple wallets and use it virtually.  “In our most anticipated project to date, we are in the home stretch of completing the project,” Moore wrote. “This will be one of the largest achievements in NetCents' history.” 

Ascendant Resources Inc (TSE:ASND) (OTCMKTS:ASDRF) (FRA:2D9) said it had kicked off a second phase of drilling at the south zone at its Lagoa Salgada project in Portugal, in a bid to upgrade the resources there. The work consists of 1,400 metres (m) of drilling and downhole IP surveys and is aimed at building on the success of the first phase drilling.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF)(FRA:20Q) has bolstered its board with the appointment of an experienced investment and financing executive as a director. Chartered financial analyst Nathalie Han has over two decades of experience in investment management, deal structuring, financing, especially in clean energy, oil and gas, and natural resources. She has been managing director and founder of La Paix Capital AG based in Zurich since 2016, while in Canada, she was Principal at OMERS Capital Markets in Toronto, one of the largest public pension funds.

American Resources Corporation (NASDAQ:AREC) said it has secured two new credit facilities giving it the ability to draw up to US$10 million initially. Chief financial officer Kirk Taylor said the new funding arrangement was “testament to the strength of our company's financial position and balance sheet”. The socially responsible Central Appalachia coal supplier said both facilities can be increased as production and the revenue base expands.

Bragg Gaming Group (CVE:BRAG) (CSE:BRAG) (OTCMKTS:BRGGF) announced that the company has graduated to the Toronto Stock Exchange (TSX) from the TSX Venture Exchange (TSX-V). As of the market open at 9.30am ET on Wednesday, Bragg Gaming will trade on the TSX under the symbol “BRAG”. “We’re excited to further raise Bragg’s profile as a leader in the B2B global online gaming market with our launch on the TSX,” said Richard Carter, board chair at Bragg Gaming. “As international regulations continue to evolve and the online gaming market expands, investors and analysts are looking to companies with the cutting-edge technologies and market-leading content that Bragg is known for.” Concurrent with the TSX listing, Bragg Gaming’s common shares have now been delisted from the TSX-V. Shareholders are not required to take any action.

Fury Gold Mines Limited (TSX:FURY) (NYSE:FURY) has announced that the company has been invited to present at the upcoming RBC Mining Rising Stars Forum, to be held virtually on Tuesday, February 9, 2021. A webcast of the conference presentation will be posted to the Fury website at https://furygoldmines.com/investors and will be available for replay for 14 days following the conference. The event is designed to showcase exciting exploration and development mining companies through fast, high impact presentations delivered to targeted investors, private equity funds and business development professionals around the world.

Acasti Pharma Inc. (NASDAQ:ACST) (CVE:ACST) has provided an update on the use of its “at-the market” (ATM) equity offering program as required under the policies of the TSX Venture Exchange,  As previously dISClosed, Acasti entered into an amended and restated ATM sales agreement on June 29, 2020, with B. Riley FBR Inc., Oppenheimer & Co. Inc. and H.C. Wainwright & Co., LLC to implement an “at-the market” equity offering program under which Acasti may issue and sell from time to time its common shares having an aggregate offering price of up to US$75 million through the Agents. Under the ATM Program, since the last distributions reported on August 13, 2020, Acasti has issued an aggregate of 82,626,562 common shares over the NASDAQ Stock Market for aggregate gross proceeds to the company of US$28.5 million. The ATM Shares were sold at prevailing market prices averaging US$0.3445 per share. No securities were sold through the facilities of the TSXV or, to the knowledge of the Company, in Canada  As a result of the recent ATM sales, Acasti has a total of 179,495,705 common shares issued and outstanding as of January 26th, 2021. The additional capital raised has strengthened Acasti’s balance sheet and will provide the company with additional flexibility in its ongoing review process to explore and evaluate strategic alternatives.

Nabis Holdings Inc. (CVE:NAB) said it has completed its previously announced proposal under the Bankruptcy and Insolvency Act (Canada), pursuant to which the company implemented a recapitalization of its previously outstanding $35 million principal amount of 8.0% unsecured convertible debentures and all other prior debts of the company. Upon implementation of the proposal, (i) all existing equity claims in the company were irrevocably and finally extinguished; and (ii) in full and final satisfaction of all claims of Nabis's creditors, which were irrevocably and finally extinguished, the company issued an aggregate of 3.7 million new common shares in the capital of the company and an aggregate principal amount of $23 million new 5.3% senior unsecured notes due 2023 on the terms set out in the proposal. In connection with the implementation of the proposal, all of the prior directors of Nabis were deemed to have resigned, and have been replaced with each of Bruce Langstaff, Jennifer Law, Scott Kelly and Jared Carroll. Nicole Rusaw has agreed to remain as a consultant to the company.

Blackrock Gold Corp. (CVE:BRC) said it has filed an amended technical report in respect of the company's Silver Cloud project, and an amended technical report in respect of the company's Tonopah West project. The company has also filed an amended annual information form (AIF) for the year ended October 31, 2019. The amended technical reports and the amended AIF address comments raised by the British Columbia Securities Commission in the course of a review. The amended technical reports contain no material differences to the original Silver Cloud project technical report and Tonopah West project technical report filed on August 14, 2020, and October 16, 2020, respectively. The amended AIF incorporates the executive summaries from the amended technical reports and contains no material differences to the original annual information form filed on October 29, 2020.

Melkior Resources Inc (CVE:MKR) said the TSX Venture Exchange has consented to the extension in the expiry date of the two million (adjusted for 1:10 consolidation effective February 26, 2020) with an original expiry date of June 8, 2021, to a new expiry date of June 8, 2023, with an exercise price of warrants of 85 cents (adjusted for 1:10 consolidation). These warrants were issued under a private placement of 20 million shares with 20 million share purchase warrants attached, which was accepted for filing by the exchange effective June 14, 2018.

Power Growth Investor, in its January, 2021, issue, said buy The Valens Company Inc., (CVE:VLNS) recently $1.75. Power Growth previously said buy in November 2019, at $3.20 and in June 2020, at $1.99. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,424. Valens is a cannabis grower, extractor and processor. It recently announced that the government of Australia will allow it to sell premium derivative products containing cannabidiol (CBD) as well as tetrahydrocannabinol (THC) into the country's medical cannabis market. The company's Australian joint venturer, Cannvalate, will distribute the products. The two of them also hope to win extraction agreements in Australia to process cannabis grown by third party producers into resins and oils. Valens is a buy for aggressive investors, concluded Power Growth Investors.

FSD Pharma Inc (CVE:HUGE) has provided an update covering the progress of its lead compound FSD201, which is currently in phase II treating hospitalized COVId-19 patients. Alongside this is a wider corporate overview, news of boardroom changes, and shareholder meeting plans.

Genprex, Inc. (NASDAQ:GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, has announced that it will present at the Virtual Investor Conference Small and Microcap Showcase on February 4, 2021. Genprex’s president and chief executive officer, Rodney Varner, will deliver a virtual company overview, including recent progress made on its upcoming clinical trials at 11 .00am EST. Registration Link: http://bit.ly/396t2bY. The presentation will be available for replay on the company's website - www.genprex.com - for a period of time following the conference, and the video will be archived on VirtualInvestorConferences.com

Ceylon Graphite Corp. (CVE:CYL) (OTCMKTS:CYLYF) (FRA:CCY) has said that Bharat Parashar, its chairman and chief executive officer and Sasha Jacob, its founder and a strategic advisor to the company will be speaking at an investor webinar hosted by New York-based O&M Partners on Wednesday, January 27, 2021, at 4.05pm  EST. The webinar will provide participants an overview of the company and its exciting recent developments as it accelerates continued evolution from high-quality low-cost graphite producer, to an innovator in value-added graphite products for technology, construction, battery and transportation industries. Webinar Registration link: https://bit.ly/2Nn19UV. Bharat Parashar commented: "I encourage existing and potential investors to participate in this interactive meeting so that they may have the opportunity to learn more about the unique investment opportunity Ceylon Graphite presents. Graphite is the “New Oil” and currently impacts our daily lives in many ways. It will become even more important in the years to come as electric vehicles and energy storage gain further adoption." Ceylon Graphite said it will also be presenting at the following virtual investor conference in the next few months: Global Chinese Financial Forum - Virtual Base Metals and Energy Metals Day, February 3, 2021; 6iX – Webinar – Battery Metals Summit, February 9, 2021; Mines and Money – 5@5 – Battery Metal Opportunities, February 11, 2021; and Mines and Money Online Global Conference, March 23-25, 2021.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, announced that Lonestar Resources US Inc. (OTCQX:LONE), an oil and gas company, has qualified to trade on the OTCQX Best Market following its successful restructuring and emergence from Chapter 11 bankruptcy. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Lonestar's chief executive officer, Frank D. Bracken, III commented: "Lonestar is pleased to re-establish its status as a publicly-traded company. Further, Lonestar has emerged with substantially lower long-term obligations, and in 2021, we are excited to build on our 2020 well results, which were the best in the Company's history. Lonestar's capital program is designed to generate high rates of return while generating meaningful free cash flow, which will initially be directed toward further reductions in long-term debt."

BioSig Technologies Inc (NASDAQ:BSGM), a medical technology company commercializing an innovative signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, says it will present at the Virtual Investor Conference Small and Microcap Showcase on February 4 at 11:30 am ET. During the presentation, CEO Kenneth Londoner will provide an overview on the rollout of BioSig’s PURE EP System and other business highlights. To date, more than 470 patient procedures have been conducted with the PURE EP System by more than 32 electrophysiologists across seven different clinical sites in the US.

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