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NA Proactive news snapshot: Minera Alamos, Orgenesis, Seelos Therapeutics, Capstone Turbine 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

Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF) has reached a C$14 million financing deal with Osisko Gold Royalties Ltd, allowing it to begin construction at its Santana gold mine in Sonora, Mexico. Under the terms of the agreement, Osisko will purchase 30 million shares of Minera at $0.20 each for a total of $6 million. In addition, Osisko will acquire a  3% net smelter royalty of the Santana project for $5 million in cash and Minera will have the option to draw down from Osisko as much as $3 million more. "We appreciate the ongoing support and backing that our operating team has received from Osisko Gold Royalties," Minera CEO Darren Koningen said in a statement. "This financing package allows the company to begin its transition from gold project developer to gold producer. Today's news sets the stage for an extremely busy and exciting 2020 as our team executes our business plan to the benefit of all our shareholders."

Orgenesis Inc (NASDAQ:ORGS), a developer of advanced cell therapies, revealed Friday that it struck a strategic partnership agreement between the Theracell–Orgenesis joint venture and the large HYGEIA Group which runs three hospitals in Greece. In a statement, the Germantown, Maryland-based company said that under the terms of the agreement, the joint venture will implement Orgenesis’ point-of-care cell therapy platform for clinical development and commercialization of cell and gene therapies within the HYGEIA Group’s network of hospitals in Greece. The main goal is to reduce the cost and complexity of supplying cell and gene therapies, said Orgenesis, as well as boost quality by integrating automated processing units and proprietary technologies.

Broker Roth Capital Partners applauded New York clinical-stage biopharmaceutical company Seelos Therapeutics Inc's (NASDAQ:SEEL) recent shift towards using its drug SLS-002 to treat major depressive disorder (MDD) rather than post-traumatic stress disorder (PTSD). Roth analysts view MDD as a "more substantial commercial opportunity" and potential for quicker trial enrollment. The broker reiterated a 'Buy' rating for the stock. Analyst Yasmeen Rahimi noted that Seelos received FDA fast track designation for SLS-002 for the treatment of Acute Suicidal Ideation and Behavior (ASIB) in Major Depressive Disorder (MDD) on November 18. "This development not only highlights FDA's recognition of the high unmet need for MDD patients, but also allows for more frequent communication with the FDA and potential for Accelerated Approval or Priority Review, which could expedite SLS-002's path to approval," said the analyst.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of low-emission, clean-energy microturbines, announced Wednesday that it has appointed Frederick Hencken III as the company’s chief financial officer. Hencken, who is currently the interim CFO will step up to being the CFO from January 1, 2020. He will continue to serve as the company’s chief accounting officer, principal financial officer and principal accounting officer. Hencken became the interim CFO on October 1 and has served as the company’s chief accounting officer since April 2019. 

GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) told investors that it had hit 235 metres (m) of magnetite mineralization with a hole into the large, deep geophysical anomaly at its flagship Gold Drop project in British Columbia. As reported in the summer, the anomaly, which was interpreted as a pipe-like structure measuring 1,834 by 1,377 m, was identified by Earth Science Services of Ontario.

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) told investors Friday that its optionee GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) had updated on exploration at drilling on the Gold Drop property in the Greenwood camp in BC. Following an intensive campaign on the C.O.D veins, the last hole drilled in 2019 was one, which was sunk into the large, deep geophysical anomaly at its flagship Gold Drop project.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) said the TSX Venture Exchange has accepted the company's filing of the asset purchase agreement dated November 1 between Newrange and its wholly-owned subsidiary Corporacion Minera De Colombia SAS, and Goldmining Inc and its subsidiary Goldmining Exploraciones SAS. Newrange plans to sell a 100% interest in its Yarumalito gold project, paving the way to disposing of all its Colombian assets. Newrange's flagship project is the Pamlico project in Nevada, in the United States.

LeanLife Health Inc (CSE:LLP), a producer of omega-3 products, has agreed to settle $786,550 of outstanding debt by offering roughly 15.7 million units at $0.05 per unit. Each unit contains one common share and one common share purchase warrant exercisable at $0.075 per share over the following 24 months. The company noted that directors and officers will participate in the offering, converting $310,000 in outstanding fees into 6.2 million units. All shares involved in the offering are subject to a four-month hold.

Orgenesis Inc (NASDAQ:ORGS), a developer of advanced cell therapies, revealed Friday that it struck a strategic partnership agreement between the Theracell–Orgenesis joint venture and the large HYGEIA Group which runs three hospitals in Greece. In a statement, the Germantown, Maryland-based company said that under the terms of the agreement, the joint venture will implement Orgenesis’ point-of-care cell therapy platform for clinical development and commercialization of cell and gene therapies within the HYGEIA Group’s network of hospitals in Greece. The main goal is to reduce the cost and complexity of supplying cell and gene therapies, said Orgenesis, as well as boost quality by integrating automated processing units and proprietary technologies.

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