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NA Proactive news snapshot: Phunware, American Battery Metals, Ximen Mining, Capstone Turbine UPDATE …

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

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Phunware Inc (NASDAQ:PHUN) CEO Alan Knitowski was named a Top Finalist for the 2019 Best CEO Award from the Austin Business Journal, the company announced in a statement Thursday. “I am extremely honored to be recognized as a Top Finalist for such a prestigious regional award,” Knitowski said. “Being included with such an esteemed group of nominees and finalists is a huge privilege in and of itself, but it also speaks incredibly well of the amazing work being done daily by the extended Phunware Phamily.” The finalists were announced in September, and earlier this month the Business Journal named Jag Bath of food delivery app Favor the top CEO in the medium company category.

American Battery Metals Corporation (OTCMKTS:ABML), which seeks to supply the lithium-ion battery industry for mobile devices and laptops as well as electric vehicles, has congratulated the three scientists awarded the 2019 Nobel Prize in Chemistry for their work in the creation of lithium-ion batteries. John B Goodenough, M. Stanley Whittingham and Akira Yoshino share the prize for their work. “American Battery Metal Corporation is privileged to continue to work with battery R&D and manufacturing groups throughout the world to ensure that the primary and recycled battery metal feedstocks that we produce will serve the needs of today's' and future battery cells," said Chief Technology Officer Ryan Melsert.

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) noted that its partner GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) on Thursday highlighted significant assay results received from five of the ten holes drilled at the Gold Drop property in the famous Greenwood Mining Camp in British Columbia, confirming the presence of potentially economic mineralization in the COD vein. Ximen retains a 2.5% net smelter return (NSR) royalty which GGX Gold can buy back 1% of  by paying C$1 million. In a separate statement late on Wednesday, Ximen said the Toronto Venture Exchange had accepted documentation filed for the second tranche of the firm's private placement announced last month, namely the issue of 833,500 shares at C$0.30 each, plus warrants exercisable at $0.45 each, with one placee.

Capstone Turbine Corporation (NASDAQ:CPST) announced Thursday it has secured an order for its first-ever direct-drive (DC) C65 diesel microturbine generator for marine use. In a statement, CEO Darren Jamison said the first-of-its-kind microturbine will provide onboard power for the classic 1950s superyacht Istros. “The motoryacht, originally built in 1954, is being completely rebuilt to the highest marine standards and will feature only the latest technologies,” he said. “The name Istros, meaning inspiration, seems appropriate considering the ship will undoubtedly inspire wider use of microturbines in the maritime industry.”

NexTech AR Solutions Corp (CSE:NTAR) (OTCMKTSNEXCF) announced Thursday that it has appointed Kashif Malik as its chief financial officer.  In a statement, the company said Kashif will help drive the company’s growth strategy and support all strategic and operational initiatives across its businesses. A qualified Chartered Accountant, Kashif brings over a decade of experience leading and scaling the financial, commercial and business operations of growth-oriented, global SaaS businesses, NexTech said.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) highlighted triple-digit patient growth and said its subsidiary Sun Valley Health will launch a slew of new services for patients.  In a statement, the company said Thursday that it is launching seven new modalities and services for patients in the Sun Valley Health clinics starting on October 14.

GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) posted results on Thursday from the first ten holes of its flagship Gold Drop property in the famous Greenwood Mining Camp in British Columbia, which showed potential economic mineralization.  Gold Drop is a high-grade, near-surface asset, which was mined intermittently from 1919 to the 1980s, with previous production coming in at 7,572 tonnes at an average grade of 5.2 grammes per tonne (g/t) of gold and 93.4 g/t of silver, with the majority of output pre-dating 1942.

Cannabis One Holdings Inc’s (CSE:CBIS) (OTCMKTS:CAAOF) Honu brand of cannabis has experienced major growth in the Pacific Northwest.  The Honu brand’s retail penetration in Washington State has grown to 412 stores as of August, up from 298 stores a year earlier. The retail surge means Honu products are available at 93% of the Washington dispensaries, the company said.

Great Bear Resources Ltd (CVE:GBR) updated investors on drilling progress at its flagship Dixie project in Red Lake, Ontario, where it continues to hit high-grade gold intervals comparable to those seen at major high-grade deposits in the famous mining region, it told investors.  The firm, which is fully funded with around C$17 million in cash, is carrying out a 90,000-metre drill program at the property.

Nerds On Site Inc (CSE:NERD) (OTCMKTS:NOSUF), a Toronto-based mobile IT solutions company said Thursday that it has launched its CyberSecurity Incident Response, designed to address cyberattacks with minimal damage, recovery time and cost.  "We have seen significant increases in cyber-criminal activity, our CyberSecurity Incident Response is a carefully planned approach to addressing and managing the reaction after a cyberattack or security breach," said Nerds On Site CEO Charles Regan.

The new chief at Applied Minerals Inc (OTCMKTS:AMNL) has told shareholders that the Halloysite clay-focused miner is now "properly positioned" to achieve its commercial goals. Halloysite clay is used in everything from a fire retardant additive to a key material in lithium-ion batteries. The clay is also the most efficient delivery methods for agricultural agents like fertilizers and pesticides. Last month, Mario Concha was appointed President and CEO of the group , replacing Andre Zeitoun, who resigned on September 9 this year.

Osino Resources Corp (CVE:OSI) has kicked off its second phase of drilling at the Twin Hills Cluster on the company’s Karibib gold project in Namibia. The Vancouver-based explorer is hoping to repeat its earlier success at Twin Hills, where it intersected mineralization in five out of seven drill holes. Phase 2 will cover a 2000 metre strike length at Twin Hills Central as well as testing the bedrock anomalies at Twin Hills West, Barking Dog and Clouds, Osino said in a release.

Ventura Cannabis and Wellness Corp (CSE:VCAN) announced Thursday that it is pursuing a large opportunity in Utah after the US state voted to award retail cannabis pharmacy licenses. The Los Angeles-based company said it plans to pursue being awarded one of 14 licenses on offer in Utah, where the state government recently passed an amendment to its Medical Cannabis Act to allow private business to dispense medical marijuana. Utah’s Department of Health is commencing an RFP process to issue the licenses, with eight up for grabs in the first phase and six to a second group. All 14 licenses are expected to be issued by July 2020.

Azarga Metals Corp (CVE:AZR) has revealed that its Unkur copper-silver project won a Gold Prize at the MineInvest competition for the best mining investment projects at the 15th Russian Mining and Exploration forum Minex Russia 2019, that took place in Moscow on the 8-9 October. In a statement, Azarga Metals said the objective of the competition is to provide a platform for independent evaluation of early stage and developing mining projects and to discuss opportunities for their accelerated implementation with the assistance from investors and financial backers developing mining projects in the Russian Federation.

Pacton Gold Inc. (CVE:PAC) (OTCMKTS:PACXF) has announced that drill crews and equipment have mobilized to Pacton's Red Lake Gold project in northwest Ontario. It said a number of high-priority targets have been identified within the Madsen-Dixie fault corridor - a 50 km long multi-fault zone that transects Pacton's Red Lake property - and the company has budgeted for 10,000 meters of drilling at the project, adding that exploration activities will continue into 2020.

MjLink.com Inc. a wholly owned subsidiary of Social Life Network, Inc. (OTCMKTS:WDLF) has announced James E. Wagner Cultivation (JWCAF) as a Featured Presenter at their MjMicro Conference in Beverly Hills on October 16th. The group said, during the conference, Nathan Woodworth, president and CEO of JWCAF will host a featured presentation to update investors and analysts. It noted that JWCAF is a family company with industry-leading technology, ground-breaking collaborations, including the GrowthSTORM Dual Droplet System.

Dyadic International Inc (NASDAQ:DYAI) CEO Mark Emalfarb will attend and present at three conferences this month. He will give presentations at the MicroCap Rodeo on October 16 at the Hilton Austin in Austin, Texas, and the Dawson James on October 29 at the Wyndham Grand Jupiter at Harbourside Place in Jupiter, Florida. He will attend the BIO Investor Forum on October 22-23 at the Westin St. Francis Hotel in San Francisco. Emalfarb will be available during each event for one-one-one meetings as well. The company is known for its proprietary C1 gene expression platform that speeds up the development of biologic vaccines and drugs.

Nordic Gold Inc (CVE:NOR) (OTCMKTS:FIEIF), which has been managed by Lionsbridge Capital Pty Ltd since July, released an open letter to shareholders Thursday outlining its plan to bring the company’s Laiva Gold Mine in Finland back online by June, 2020. Recently-installed CEO Brian Wesson outlined a three-pronged plan of infusing the company with new capital, completing confirmatory technical work and ultimately returning the Laiva mine to production. He even proposed a company name change for good measure. The gold mine has been on care and maintenance, but Wesson is confident the firm can restore the value of the asset.

Bevcanna Enterprises Inc. (CSE:BEV) (OTCMKTS:BVNNF) said it has issued to John Campbell, an officer and director of the company, 5,000 common shares in the capital of the company at a deemed price of $1 per share and 20,000 shares at a deemed price of 50 cents per share, as full and final payment and satisfaction of debt of $15,000, which debt was for unpaid remuneration for management services performed by Campbell. The company also announced it has issued to Michael Darby, a former officer of the company, 30,172 Shares at a deemed price of $0.58 per Share, as full and final payment satisfaction of debt of $17,500, which debt was for unpaid remuneration for management services performed by Darby.

Chanticleer Holdings Inc (NASDAQ:BURG) announced a major strategic shift from burgers to biotech on Thursday afternoon thanks to a proposed merger with Sonnet BioTherapeutics Inc.
The Charlotte, North Carolina-based company told shareholders it had entered into an agreement with privately held Sonnet that will see the biopharmaceutical company become majority owners of Chanticleer’s stock.
Chanticleer will spin out its existing restaurant operations into a new entity owned by shareholders of the burger company, with a listing expected soon after. The current listed company will operate under the Sonnet name with a proposed ticker symbol of “SONN” subject to shareholder and regulatory approval.

CytoDyn Inc (OCTMKTS:CYDY) a late stage biotechnology company developing leronlimab (PRO 140) to treat multiple therapeutic indications, says CEO Nader Pourhassan will present a corporate update at The MicroCap Rodeo Conference on October 15 in Austin. He will present on, among other things, the status of the company’s BLA filing for HIV, pre-clinical study results pertaining to certain cancer indications and the potential for leronlimab to reduce liver fibrosis, which is one of the manifestations of non-alcoholic steatohepatitis (NASH).

Constantine Metal Resources (CVE:CEM) (OTCMKTS:CNSNF) announced Friday that it has entered into a loan agreement with Inter World Invesmtents (Canada) Ltd for an unsecured facility of US$668,000 to go towards the explorer’s Palmer project in Alaska.
The loan has a term of five years with an interest rate of 12% per annum. As consideration for the loan, Constantine will issue to Inter World either 573,000 shares of the company or 2.9 million warrants exercisable at C$0.31. Shares of Constantine were trading at C$0.31 on Friday afternoon in Toronto and US$0.24 on OTC markets.

 

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