NA Proactive news snapshot: Social Life Network, GlobeX Data, Oregenesis, American Manganese UPDATE ...

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

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Social Life Network Inc (OTCQB:WDLF) announced Monday a major upgrade to its e-commerce social platform for the HuntPost.com hunting and fishing community on January 1. In competition with retailers like Cabela's and Bass Pro Shop, HuntPost.com empowers the millions of small merchants that depend on industry trade shows to sell their goods, with an e-commerce driven social network to compete with big-box retailers who won't carry their products because they're too small to scale. "The same way Etsy.com enabled artisans to create value from their trade, HuntPost will empower sportsmen to sell via their goods and services on our upgraded platform," said Ken Tapp, CEO of Social Life Network, in a statement.

GlobeX Data Ltd, (CSE:SWIS( (OCTKTS:SWISF), the leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, has announced the results of its Annual General Meeting on December 17. Shareholders approved unanimously all items on the agenda. There were 64.88% of the shares represented at the meeting and 100% voted for all items on the agenda. The shareholders also voted in favor of setting the number of directors at three. The following incumbent directors were re-elected: Alain Ghiai Chamlou, Henry Sjoman and David Ryan. Shareholders also reappointed Morgan $ Company LLC as auditors. Management believes 2020 will be a banner year for GlobeX.

Oregenesis Inc (NASDAQ:ORGS) announced Monday it had received its second milestone payment of US$6.6 million as part of a $25 million investment from Great Point Partners LLC. In June 2018, Great Point invested $25 million into Masthercell Global, an Oregenesis subsidiary, consisting of an upfront payment of $11.8 million in June 2018 and $13.2 million in tranched payments, subject to Masthercell Global achieving specified EBITDA and revenues targets on or before December 31, 2019. Vered Caplan, CEO of Orgenesis, said the firm “continues to be enthusiastic” with Masthercell Global’s performance.

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) wrapped up work on its Rocher Deboule property in British Columbia, the firm reported Monday. The deposit, which is located just south of the town of Hazelton, historically produced nearly 2.2 million grams of silver, 134,000 grams of gold and 2.6 million kilograms of copper between 1915 and 1929. The Surrey, British Columbia-based firm said that recent fieldwork involving rock and soil sampling from the western portion of the property revealed potential for iron oxide copper gold deposits.

Surge Holdings Inc (OCTMKTS:SURG) CEO Brian Cox will provide a shareholder update and answer questions submitted by interested parties at an investor conference call at 4:30 pm ET on January 9, 2020. To access the call investors can dial 857-232-0157 and use the 422095 access code. “With Surge completing its milestone product launches in 2019, including the SurgePays Fintech Network, SurgePhone Wireless and SurgePays Reloadable Debit card, I look forward to discussing Surge’s ongoing product rollout and our plans for accelerated revenue growth in 2020,” said Cox.

Royal Road Minerals Limited (CVE:RYR) said that it has inked a letter of intent with Mineros SA for setting up a gold mining joint venture in Colombia. In a statement, Royal Road Minerals said the pact with Mineros SA is linked to the company’s Guintar and Niverengo concessions and its Margaritas title application in Antioquia, Colombia. Mineros is a publicly listed Colombian gold miner, while Royal Road currently operates in Nicaragua under a separate 50:50 joint venture formed in September 2017 with Mineros subsidiary and local gold producer, Hemco Nicaragua SA. "We are pleased to expand our close relationship with Mineros and to have the opportunity to replicate our successful partnership in Nicaragua," said Royal Road Minerals CEO Tim Coughlin.

Endeavour Mining Corp (TSE:EDV) (OCTMKTS:EDVMF) announces that FTSE 250 London-listed Centamin PLC (LON:CEY) made a request to the Panel on Takeovers and Mergers to grant an extension to the deadline by which Endeavour is required to either announce a firm intention to make an offer for Centamin or announce that it does not intend to make an offer for the miner. The requested extension has been granted by the panel to January 14, 2020.

Lydian International Limited (TSE:LYD) is considering its options to get back to work on its Amsular project in Armenia as the company was granted a stay of proceedings to meet its financial obligations. The Toronto-based company said it intends to continue discussions with its lenders and other stakeholders, including the Armenian government, to move the high-grade gold project forward. Illegal blockades surrounding Amsular have been ongoing since June 2018, blocking access and effectively stopping any work at the site.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) welcomed Perth-based Orimco Resource Investment Advisors as a strategic investor. Geologist and mining industry veteran Colin Jones, a principal consultant for Orimco, joined the company’s board. Separately, Newrange closed the first tranche of a non-brokered private placement for $1,050,000 consisting of 10,500,000 shares. The financing was priced at $0.10 with no warrant. The funds will accelerate the company's flagship Pamlico Project in Nevada. The second and final tranche of $450,000 should close in early January and is fully subscribed. "We are extremely pleased to have Orimco as a financial and technical partner, including having Colin as part of our team," said CEO Robert Archer.

Wellness Healthcare Corporation (OTCMKTS:EWLL), the provider of digital physical-therapy sessions, plans to allow its common stockholders to exchange up to $1.2 million worth of common stock into a Perpetual Preferred Stock offering on a pari-passu basis.  The exchange ratio will be set on the day of the first closing of the Perpetual Preferred Stock offering, the company said in a statement on Monday. The present market capitalization of the company is approximately $500,000. Based upon the current market capitalization, this implies that the current shareholders could exchange into an instrument that is more than twice the present market capitalization of the company’s common stock. 

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) has closed the first tranche of its financing plan. The company issued 31,737,584 flow-through common shares at a price of $0.13 per flow-through share for total gross proceeds of $4,125,886 and 6,540,666 units at a price of $0.12 per unit for total gross proceeds of $784,880. Each unit consists of one non-flow-through common share and one transferrable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from closing at a price of $0.18 per share. The gross proceeds from the flow-through shares will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures under Canadina tax law. The proceeds from the issuance of units will be used for general working capital.

American Battery Metals Corporation (OTCQB:ABML) CEO Doug Cole says the company may have found “significant” sodium carbonate reserves in the Railroad Valley of Western Nevada Basin. "Our extensive analysis of the Western Nevada Basin, in particular the vast Railroad Valley, indicates significant reserves of sodium carbonate, or soda ash," Cole said in a statement "American Battery Metals Corporation is currently conducting laboratory testing of sodium carbonate from Railroad Valley drill hole samples in an effort to optimize sodium carbonate extraction processes. Further analysis is ongoing." Sodium carbonate has many commercial and industrial applications, mainly in glass manufacturing, dry detergents, specialty chemicals and pharmaceuticals, the food industry, metallurgy, and textile & dye manufacturing.

Hill Street Beverage Company Inc (CVE:BEER) (OCTMKTS:HSEEF) is launching a new Entertainer’s Pack of alcohol-free wines just in time for the holidays. Orders for the Hill Street Entertainer's Pack for 2019 are more than triple the amount recorded in all of 2018, with more than half the holiday season still remaining, the Toronto-based company said in a statement Monday. The $30 pack contains 750 mL bottles of alcohol-free merlot, chardonnay and brut blanc and is nationally available at Shopper’s Drug Mart, Sobey’s, and Quebec’s Clark Drouin Lefebvre.

Perma-Fix Environmental Services Inc (NASDAQ:PESI), a nuclear-services company, announced Monday that the federal government has awarded its services segment, via a joint venture, a $15 million contract. In a statement, CEO Mark Duff said the company and its partner will support Lawrence Berkeley National Laboratory through the Department of Energy with remediation, construction, and waste management services. The contract runs for the next 18 months but could be expanded to nearly $20 million. He said the award was made to a Joint Venture partnership between Perma-Fix and Engineering/Remediation Resources Group Inc (ERRG). Both companies have been working together on similar projects for several years. 

Newgioco Group Inc (OTCMKTS:NWGI) told shareholders Monday that it is launching a second betting product based on Native American and First Nations sports. The New York-based company is partnering with Northern Winz Casino in Montana on a product that allows real-money betting on the traditional Indian Stick Game, a highly popular sport played throughout indigenous communities in North America. The new deal comes hot on the heels of Newgioco’s October announcement of a similar betting product based on the Indian Horse Relay game.

RNC Minerals (TSE:RNX) gave investors an early holiday gift on Monday in the form of a maiden gold mineral reserve at its Beta Hunt mine.The statement outlines a total gold reserve of 3.4 million tons at a grade of 2.8 grams per ton (g/t) gold for 310,000 ounces. Beta Hunt, located in Western Australia, is Toronto-based RNC’s flagship operation.

KinerjaPay Corp (OTCMKTS:KPAY) CEO Edwin W Ng said Monday that the company was eyeing significant revenue streams after the country's financial services authority, known as the Otoritas Jasa Keuangan (OJK), granted its newly formed Indonesian subsidiary, PT Kinerja Sukses Gemilang, a full permit to operate as a microloan-lending platform. "Receiving one of the few certifications from the OJK while they are aggressively regulating foreign non-registered lenders presents KFUND the opportunity to rapidly grow into a highly profitable online lender,” said CEO Ng in a statement. “The agency and principal revenue streams will be significant as we execute. Our access to US capital will give us a significant advantage over local competitors."

WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) has closed on its acquisition of medical cannabis company Starseed Holdings Inc. Concurrent with the closing, WeedMD also completed the previously announced private placement of subscription receipts with the Labourers’ Pension Fund of Central and Eastern Canada (LPF), for aggregate gross proceeds of C$25 million. The issue price of each receipt is C$1.0832, and will be automatically exchangeable into one WeedMD common share following shareholder approval at a meeting scheduled for February 4, 2020, according to a statement.

The Flowr Corporation (CVE:FLWR) (OTCMKTS:FLWPF) said it will convert 13.05 million Series 1 shares on February 20, 2020 as part of a share purchase agreement related to its Holigen acquisition. In connection with the June 2019 deal, the vendors entered into a share conversion agreement with Flowr that sets out the process for, and conditions to, conversion of the consideration shares into common shares of the issuer. Pursuant to the terms of the deal, 40% of the consideration shares will convert to common shares on February 20. The converted shares represent approximately 50% of the issued and outstanding preferred shares on a non-diluted basis.

CytoDyn Inc (OTCMKTS:CYDY) announced Monday continued promising clinical responses from its metastatic triple-negative breast cancer (mTNBC) Phase1b/2 trial and its trial investigating leronlimab for the treatment of metastatic breast cancer (MBC). In a statement, the Vancouver, Washington-based late-stage biotechnology company said the first enrolled metastatic triple-negative breast cancer patient shows no detectable circulating tumor cells (CTC) or putative metastatic tumor cells in the peripheral blood and additional reductions in CCR5 expression on cancer-associated cells at 11 weeks of treatment with leronlimab.

Canntab Therapeutics Limited (CSE:PILL) (OTCMKTS:CTABF) said Monday that it has submitted the Site Evidence Package to Health Canada for approval of their Licence Producer Status and at the same time announced the appointment of an experienced adviser. The firm, a leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic application, pointed out that the submission marks the final step required to obtain a licence to process cannabis at the facility, pending Health Canada review and approval.

TruTrace Technologies Inc (CVE:TTT) (OTCMKTS:BKKSF) reported an increase in revenue for its fiscal second quarter of 2020.  In a statement released Friday after the bell, the company said it generated revenue of $303,520 in 2Q, compared to nothing in the prior-year quarter and $48,000 in the first quarter. Revenue growth for the quarter that ended October 31 was primarily driven by implementation fees associated with the use of TruTrace technology. "In the second quarter, we continued to execute on our most important priorities, highlighted by the ongoing implementation of the Shoppers Drug Mart Pilot Program and strategic alliance with Deloitte Canada, as well as the implementation of our platform with several licensed producers in the tracking of their intellectual property in their distribution of medical cannabis," said CEO Robert Galarza.

Valens GroWorks Corp (CVE:VLNS) (OTCMKTS:VLNCF) announced two major multi-year extraction and supply deals on Monday, its first moves since rebranding to The Valens Company. The first deal with cannabis producer Emerald Health Therapeutics Inc (CVE:EMH) will see Valens process cannabis and hemp biomass into resins and distillates. Under a separate agreement, Valens will supply edibles producer Dynaleo with distillate to use in the production of CBD ingestible products.

Asterion Cannabis Inc said that its wholly-owned Australian subsidiary Asterion Australia has received its licences for the cultivation, manufacturing and research of medicinal cannabis from the Australian government's Office of Drug Control. In a statement, the privately-owned Canadian medicinal cannabis company said the licence was effective from December 20. "This is a major milestone for Asterion as it prepares to commence work on its industry leading medicinal cannabis cultivation and processing facility near Toowoomba in south east Queensland, Australia," said Asterion Cannabis CEO Stephen Van Deventer.

Fura Gems Inc. (CVE:FURA) revealed after the markets close on Friday that it has agreed with Richland Resources to extend the longstop date in respect of the option agreement signed on 26 June, 2019, to 31 December 2019, from 20 December 2019. The group said the extension will allow the parties to complete the remaining legal formalities in relation to the completion of the Amended Option Agreement which contemplates the acquisition by Fura of 100% interests in two mining permits (EPM 25973 and EPM 25978) and three mining licences (ML 70419, ML 70447 and ML 70451) for a sapphire mining project in Queensland, Australia owned by Richland.

PowerOre Inc. (CVE:PORE) said it has closed a non-brokered private placement raising aggregate proceeds of $664,549.54.  The group issued 8,993,565 flow-through units at a price of $0.07 per Flow-Through Unit for gross proceeds of $629,549.54, with each unit consisting of one flow-through common share and one-half of one common share purchase warrant exerciseable at a price of $0.10 for a period of 24 months from the date of issuance.  In addition, the group said, it issued 700,000 Hard Dollar Units at a price of $0.05 each, for gross proceeds of $35,000, where each Hard Dollar Unit consists of one common share and one-half of one common share purchase warrant exerciseable at a price of $0.07 for a period of 24 months from the date of issuance.

Fidelity Minerals Corp. (CVE:FMN) revealed late on Friday that it had closed the non-brokered private placement, announced on 4 December, 2019, which it said was oversubscribed. The group pointed out that it issued 5 million units at 5 cents per unit for gross proceeds of $250,000. Each unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional share at 6 cents per share for two years following the closing date.

Ximen Mining Corp. (CVE:XIM) (OTCMKTS:XXMMF) said it has closed its non-brokered private placement, previously announced on 11 December 2019, which consisted of 897,437 flow through shares at a price of $0.39 per share raising gross proceeds of $350,000. The company also announced it has closed a further tranche of a non-brokered private placement for gross proceeds of $75,000 by issuing 250,000 units which consisted of one common share at a price of $0.30 each and one transferable common share purchase warrant. It revealed as well that it has arranged a non-brokered private placement of 132,564 flow through shares at a price of $0.39 cents per share for gross proceeds of $51,700. The group said the net proceeds from the offerings will be used for exploration expenses on its British Columbia mineral properties.

OTC Markets Group Inc. (OTCMKTS:OTCM), operator of financial markets for 10,000 US and global securities, today announced that Quarterhill Inc. (CSE:QTRH) (OTCMKTS:QTRHF), a company focused on the acquisition, management and growth of technology companies, has qualified to trade on the OTCQX Best Market. Quarterhill, which previously traded on NASDAQ, begins trading today under the symbol TRHF. Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group said: “We are pleased to provide Quarterhill Inc. with an efficient path to access U.S. investors on our OTCQX Market."

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