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NA Proactive news snapshot: Allot Ltd, CytoDyn Inc, Group Eleven Resources Ltd 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

PreveCeutical Medical Inc (CSE:PREV) (OTCMKTS:PRVCF) and Asterion Cannabis Inc announced Tuesday they have inked an option agreement, which sees PreveCeutical granting Asterion the option to purchase up to a 51% stake in the intellectual property for its soluble gel (Sol-Gel) system. The sustained-release Sol-Gel program allows for the delivery of medical compounds, including cannabinoids like CBD, to provide relief from pain, inflammation, seizures and neurological disorders.

BioLargo Inc (OTCQB:BLGO), a full-service environmental engineering company, said Tuesday that it is tapping waste handling industry veteran Mitch Noto, as the company’s director of corporate development. In a statement, the Westminster, California-based company said Noto will also serve as the director of business development at BioLargo’s industrial odor control division, Odor-No-More.

Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) reported second-quarter earnings Tuesday that showed raised cash reserves as it heads into key trials and also said it expects top-line data from four neuropsychiatric disorder trials with the company’s lead development candidate, Zygel.

Electra Meccanica Vehicles Corp (NASDAQ:SOLO), an electric vehicle (EV) producer based in Vancouver, is upbeat following the recent release of data showing strong sales for EVs in British Columbia (BC). According to the data from Clean Energy Canada, published in the Vancouver Sun last week, sales of EVs and plug-in hybrid cars doubled year-on-year in the first quarter of 2019, and 15% of new passenger vehicles sold were electric.

Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), the security and smart network intelligence solutions company, posted second-quarter earnings and revenue that beat Wall Street expectations. For the quarter ended June 2019, Allot posted a loss of $0.04 per share, above the consensus estimate for a loss of $0.06 per share, as revenue grew by 15% to $26.6 million, compared to $23 million in the same quarter of the previous year.

CytoDyn Inc (OTCMKTS:CYDY) announced its first step into the cancer space on Tuesday, revealing that it had injected its first patient, who has an aggressive type of breast cancer, with its leronlimab treatment. The patient is being treated under emergency investigational new drug (IND) regulations of the US Food and Drug Administration (FDA), the biotech firm said. "Today marks a milestone in our company’s history, a first step into the oncology space,” CytoDyn CEO Dr Nader Pourhassan told investors.

Group Eleven Resources Ltd (CVE:ZNG) (OTC:GRLVF) told investors that diamond drilling has kicked off at the Ballinalack zinc project in the Republic of Ireland, which lies 50 kilometers (km) away from one of the world's largest zinc deposits. The drilling will focus on the Navan Beds, which lie several hundred metres below the existing Ballinalack deposit, which has an inferred resource of 5.4 million tonnes at a grade of 7.6% zinc and 1.1% lead.

Arcadia Biosciences Inc (NASDAQ:RKDA) is getting into the business of sun-grown hemp, the company announced Tuesday, through a joint venture with Legacy Ventures Hawaii.  The partnership, known as Archipelago Ventures, pairs Arcadia’s genetic expertise and cultivation facility in Hawaii with Legacy’s extraction and sales experience.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) is seeing positive results from current exploration program at the company’s Pamlico gold project in Nevada. The junior explorer told shareholders on Tuesday that it had identified further high-grade mineralization averaging nearly 12.5 grams per ton gold and 50 grams per ton silver thanks to a sampling program on the 5570 level of the Good Hope Mine, situated on the project.

Genprex, Inc. (NASDAQ:GNPX) said Tuesday that its partner, Aldevron has successfully completed manufacturing of the TUSC2 (Tumor Suppressor Candidate 2) plasmid DNA for the company’s initial product candidate, Oncoprex, an immunogene therapy to treat non-small cell lung cancer. DD pending.

Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) reported encouraging drill results from its Nugget zone at its 576 sq km Klondike District property in Yukon, where high grade gold has been found. Highlights from the work include one hole, which hit  new mineralization at a bonanza grade of 1,009 grams per ton (g/t) gold and 1,035 g/t silver over 1 meter.

Codebase Ventures Inc. (CSE:CODE) (OTCQB:BKLLF) said its Code Cannabis Investments subsidiary has now signed a Letter of Intent (LOI) towards the proposed purchase of a farm consisting of approximately 45 acres of certified organic land in New Berlin, New York. The group said the proposed purchase price stated in the LOI is to be US$125,000 but added that there is no assurance the acquisition will close.

NexTech AR Solutions Corp (CSE:NTAR) (OTCMKTS:NEXCF), an augmented reality company, has been invited to show off its AR technology at a medical equipment expo this week.  The company will give demonstrations at Block Scientific’s booth at the 71st Annual American Association for Clinical Chemistry (AACC) Annual Scientific Meeting & Clinical Lab Expo in Anaheim, California, which runs August 6-8. 

Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) has increased the size of its previously announced private placement from C$5 million to C$6 million. The company said it expects to offer about 24 million units, each worth one common share and half a purchase warrant, at C$0.27 per unit. Whole warrants can be used to buy shares at C$0.42. The company’s share price closed Monday at C$0.29 on the CSE. Proceeds from the placement will be used for exploration activities and working capital purposes.

Seelos Therapeutics, Inc. (NASDAQ: SEEL), a clinical-stage biopharmaceutical company, announced today that Raj Mehra, its chairman, founder, and CEO will ring the Nasdaq Stock Market opening bell on Monday, August 12 at 9:30 am ET, at the Nasdaq MarketSite in Times Square. The company said it will also host meetings on August 12, after the Nasdaq Opening Bell Ceremony, at the BTIG Biotechnology Conference being held at the St. Regis Hotel in New York, NY.

The Green Organic Dutchman Holdings Ltd. (CVE:TGOD) (US:TGODF) said expects to release its second quarter 2019 earnings on Tuesday, August 13, 2019 after the market close. The company added that it will hold a conference call conducted by Brian Athaide, Chief Executive Officer, and Sean Bovingdon, Chief Financial Officer, on August 14, 2019 at9:00 am Eastern Time to discuss the results and future outlook.

Gold Resource Corporation (NYSEAMERICAN:GORO) said its CEO, Jason Reid will host its second quarter earnings conference call  on Wednesday, August 7, 2019 at 11:00 a.m. Eastern Time.  Topics of discussion will include second quarter results and an update on current operations.  The conference call will be recorded and posted to the company’s website in three to five business days from recording. The firm, a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA, has returned $112 million to its shareholders in consecutive monthly dividends since July 2010 and offers the option to convert their cash dividends into physical gold and silver and take delivery.

Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) announced Tuesday that it is boosting its previously announced financing to C$32 million to fund ongoing exploration at the company’s Quebec gold projects. The offering is backed by Sprott Capital Partners as lead agent in the financing. Val-d’Or, Quebec-based Bonterra’s key assets are in the Urban-Barry greenstone belt in the mineral-rich province of Quebec. 

Quick facts: Allot Ltd

Price: 9.51 USD

Market: NASDAQ
Market Cap: $334.87 m

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