leadf
logo-loader

NA Proactive news snapshot: Maxtech Ventures, Azarga Metals, NetCents Technology, Gatling Exploration UPDATE …

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

Newspapers and laptop
Your daily round-up from the world of Proactive

Maxtech Ventures Inc (CSE:MVT) (OTCMKTS:MTEHF) has struck a binding option deal to buy the Panama gold project in Red Lake, Ontario - Canada's pre-eminent gold mining camp. As reported in September, the firm had 30 days to perform due diligence on the property under an agreement with seller Benton Resources Inc. Now, Maxtech has the option to earn up to a 100% of the property. Under the terms of the option deal, Maxtech must make certain payments over four years, including issuing 2 million shares at C$0.05 each on signing the deal. Benton will retain a 2% NSR (net smelter royalty) on the project with Maxtech having the option to buy back 1% of that for C$1 million.

Azarga Metals Corp (CVE.AZR) has issued to Baker Steel Resources Trust Limited (LON:BSRT) a total of 1,470,443 common shares to settle its semi-annual interest payment of US$66,849 (C$88,227) as announced on October 11. The US$3 million convertible loan from Baker Steel, announced on April 15, enabled Azarga Metals to start an aggressive exploration program earlier this year on its Unkur copper-silver Project in the Russian Far East with the objective of significantly increasing the current resources. A geophysical survey was recently completed on the project and a drilling program is currently underway.

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) told investors Thursday that it continues to see growth in external market demand for cryptocurrency payment services as well as its own offerings such as merchant adoption of cryptocurrency. The Vancouver-based company, which offers products and services that allow businesses to accept cryptocurrency payments from customers by providing them with instant settlements, said that there’s been a spike in demand from merchants wanting in on the action. Since April, NetCents has achieved 72% average monthly growth in new merchant signups.

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) announced Thursday that Peter Dickie has been appointed to the board of directors. In a statement, the company also said that Peter Damouni, a current board member, has been appointed chairman. Dickie has over 35 years of experience in the public and private corporate environment, with over 25 years spent in management positions, the Canadian gold explorer said.

Universal mCloud Corp (CVE:MCLD) (OTCMKTS:MCLDF), the artificial intelligence (AI) and Internet of Things (IoT)  focused group,  will issue its third quarter earnings before the market opens on Thursday, November 14 this year. The firm will also host a conference call to discuss the financial results for the three months at 5.30 pm ET the same day. mCloud also reported today that it had granted a total of 1.375 million restricted stock unit awards and 1.675 million options to acquire company shares to certain directors and officers of the firm , several of whom have reached their two year anniversary since listing, being Chantal Schutz, Ian Russell, Elizabeth Maclean, Russel McMeekin and Costantino Lanza.  The options carry exercise prices ranging from C$0.39 to C$0.425 and expire on average 5.55 years following the date of issue.

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) has extended the expiry date of 23,150,998 outstanding share purchase warrants that are exercisable for common shares at $0.10. The warrants were issued as part of a private placement which closed on October 16, 2017 and were set to expire on October 16, 2019. The venture capital company which invests in early-stage technology and cannabis companies has extended the expiry date to October 16, 2021. All other terms of the warrants shall remain unchanged.

American Manganese Inc (CVE:AMY) said the TSX Venture Exchange has consented to the extension in the expiry date of warrants. In a private placement, 1,228,666 warrants with an exercise price of $0.25 cents and an original expiry date of November 1, 2019 and December 1, 2019 now have been extended to November 1, 2020 and December 1, 2020. These warrants were issued pursuant to a private placement of 1,378,666 shares with 1,378,666 share purchase warrants attached, which was accepted for filing by the exchange effective November 28, 2017.

Proactive Research has issued a note Exactus Inc (OTCMKTS:EXDI), with analyst Emma Unker pointing out that the hemp-derived cannabinoids firm has already started to develop and commercialise its product range, moving toward its near-term goal of rapidly scaling up revenues. She noted that Exactus is on track with internal targets for its harvest at the hemp farming company Exactus One World (EOW) in Oregon, USA.

NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) is gearing up to launch a 3D augmented reality advertising network that will add another prong to its augmented reality (AR) offerings. The 3D-AR-360 ad network, which the company plans to bring online in 2019 or early 2020, means NexTech will effectively offer an end-to-end AR solution, from transforming 2D assets into 3D AR assets to ultimately serving up the ads themselves.

GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) updated Thursday on the progress of its first hole at the Gold Drop project in British Columbia, which is testing a large, deep geophysical anomaly, and which has hit mineralization.  As reported previously, the structure was identified by air by Earth Science Services Corporation of Oshawa, Ontario (ESSCO) and is interpreted to be a pipe-like structure that measures 1,834 metres (m) by 1,377 m in width.

Allot Ltd (NASDAQ:ALLT) announced Thursday the appointment of Ziv Leitman as the Israeli company’s new chief financial officer. He will be replacing Alberto Sessa who will be leaving the company to pursue other professional opportunities, according to a statement.

Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) revealed Thursday that it has launched its online WKND! Wellness hemp-derived CBD retail shop for US customers. In a statement, In addition to generating revenue, the company viewed this as a major step in expanding the brand's reach and recognition. Weekend Unlimited CEO Chris Backus said WKND! Wellness is a “lifestyle-based hemp and CBD product line” that is an “ideal fit” for online retail. Customers can access the online WKND! Wellness retail store at www.wkndwellness.com, which offers four hemp-derived CBD product lines: CBD soft gel capsules, CBD liquid tinctures, CBD cooling gel, and CBD body butter.

Great Bear Resources Ltd (CVE:GBR) unveiled Thursday a plan for more value creation at its exciting Dixie gold project in Red Lake, Ontario. In a statement, the group said it aimed to create, and subsequently spin-out, a 2% net smelter royalty (NSR) on any potential future production from Dixie. The property has played host to several discoveries by Great Bear, and news flow has been dominated by high-grade gold drill results.

Exactus Inc (OTCMKTS:EXDI) announced Thursday it has purchased the remaining interest in the 2019 cannabis crop in Oregon. In a statement, the CBD healthcare company said it has acquired the remaining 49.9% portion of the Exactus One World rights to distribution for the ongoing harvest.

eWellness Healthcare Corporation (OTCMKTS:EWLL), the physical therapy telehealth company, has struck a one-year marketing deal with StudentVIP.ca, one of Canada’s largest health insurance providers for college students. Under the terms of this new pilot agreement, StudentVIP.ca will market the services of eWellness – which conducts physical therapy (PT) sessions via a smartphone or laptop – to the more than 100,000 university students it caters to across Canada. The fledgling partnership will kick off in the fourth quarter of this year.

Blackrock Gold Corp (CVE:BRC) revealed a good start to drilling at the Silver Cloud project in Nevada, USA with the first diamond hole hitting "an intensely silicified interval", it told investors Thursday. The fully financed 2,000-metre program includes four holes planned to follow up on past high-grade intercepts reported by Teck Resources Limited (NYSE:TECK), including 158 grammes per tonne (g/t) gold over 1.5 metres (m), and by Placer Dome, which found 5.5 g/t of the yellow metal over 12 m.

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP) said Thursday that it applauds the decision by the US Food and Drug Administration to authorize the marketing of certain oral nicotine products with a claim of reduced risk for the first time ever. A statement from the FDA on Tuesday allowed for the sale of snus — smokeless tobacco pouches — produced by Swedish Match AB (OTCMKTS:SWMAY) with the claim that using them instead of cigarettes “puts you at a lower risk of mouth cancer, heart disease, lung cancer, stroke, emphysema, and chronic bronchitis.”

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) also noted that its optionee GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) had hit mineralization in its drill test of the so-called Stargate II geophysical anomaly at the Gold Drop project in British Columbia. 

MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) reported that a small batch of lithium chloride (LiCl) had been produced from the world's first commercial rapid lithium recovery system in Pennsylvania, USA. As revealed this summer, MGX struck a joint venture deal to deploy the system with  Eureka Resources, which runs the Standing Stone facility in the state, where it treats raw oil and gas brine with wastewater technology.

Nordic Gold Inc (CVE:NOR) (OTCMKTS:FIEIF)  proposes to issue over 26.6 million shares at a deemed value of five cents per share to settle outstanding debt to two creditors for US$1million (around C$1,330,600), it said in a brief statement.

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 Allot Ltd named herein, including the promotion by the Company of Allot Ltd in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Mirasol Resources Interim CEO has a vision for the company as he looks to...

Mirasol Resources (CVE: MRZ-OTCPK: MRZLF) CEO Patrick Evans joined Steve Darling from Proactive to provide his thought on the company as their new CEO. He provides views with a background on himself and why he took on the role. Evans also told Proactive about where their strong stable of...

12 hours, 12 minutes ago

8 min read