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NA Proactive news snapshot: OTC Markets Group, Salazar Resources, Weekend Unlimited, Gevo UPDATE ...

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

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OTC Markets Group Inc (OTCQX:OTCM) announced Tuesday its 2020 OTCQX Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year. The annual ranking comprised the top 50 US and international companies that trade on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily dollar-volume growth, according to a statement.   This year's top-performing company, New Pacific Metals Corp (OTCQX:NUPMF) (CVE:NUAG), is a Canadian exploration and development company, one of 22 Canadian companies making the ranking. The 2020 OTCQX Best 50 companies traded an aggregate $13.7 billion in dollar volume in 2019 and delivered to investors an average total return of 91%.

Salazar Resources Limited (CVE:SLR) is planning an expansive drill program at its Ecuadorian projects this year, it said Tuesday. The company is working with Adventus Mining Corporation (CVE:ADZN) (OTCMKTS:ADVZF) to explore the Curipamba, Pijili and Santiago projects in Ecuador, with an eye towards leveraging a recently completed airborne survey in the hopes of making a new discovery. Salazar and Adventus have budgeted around US$7 million for drilling and field work on all three projects.

Weekend Unlimited (CSE:POT) (OTCMKTS:WKULF) said its name change to Weekend Unlimited Industries Inc and related share split took effect from today. The share consolidation is based on one post-consolidation share for every ten pre-consolidation shares. “The consolidation is necessary to attract new capital and position the company to realize the full potential of current assets and undertake possible future acquisitions,” said Chris Backus, Weekend’s president and CEO, in a statement. “We have lucrative assets and it is essential that we structure the company in such a way to fund the development and growth of those assets to generate significant revenues.”

Gevo Inc (NASDAQ:GEVO), a producer of sustainable aviation fuel based in Englewood, Colorado, applauded Alaska Airlines and Washington Gov. Jay Inslee for urging the state to adopt a clean fuel standard. “The Pacific Northwest, and the Seattle area in particular, is a leader to make our world more sustainable. The value to decarbonize and reduce greenhouse gas emissions is real,” CEO Patrick Gruber said in a statement Tuesday. “The legislation that Governor Inslee proposes, which is supported by Alaska Airlines, would be expected to make the Pacific Northwest more attractive for, and a production location of, the new generation of fuels.”

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO), the Canadian electric vehicles manufacturer, revealed Tuesday that it has put the last finishing touches on its generation three SOLO EV, a three-wheeled microcar, in preparation for production. The latest version of its flagship SOLO car, which boasts a sticker price of $18,500, is an electric single-seat vehicle with electronic power steering, a robust sound system complete with Bluetooth connectivity, and power brakes that is set to be unveiled on the streets of Los Angeles first this year and in other cities along the West Coast of the US after that. It’s all-electric similar to a Tesla (NASDAQ:TSLA), but a far more affordable choice.

CleanSpark Inc (OTCMKTS:CLSK) says it's seeing increased demand for the group's energy solutions as the new year begins. Since January 1, the firm has received new orders worth US$238,000 for its intelligent automatic transfer switch (ATS) which serve microgrid deployments, the company said. These consist of four units ordered by two customers - one current and one new. The current customer's order follows one made last May for US$2.5 million and one for US$359,000 last month. Based on continued positive demand trends, CleanSpark expects to receive additional follow-on orders before the end of January, the company added.

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCMKTS:THBRF) is off to a record start to the new decade as the production company announced viewership figures of nearly 8 million people across Canada. The Vancouver-based company said Tuesday that 7.9 million people have watched Thunderbird programs as of January 15, the highest levels in the firm’s history. Viewership is up thanks to a spate of new premieres, the ongoing popularity of current series and repeat episodes of past seasons as people catch up with programs on leading streaming platforms like Netflix.

CytoDyn Inc (OTCMKTS:CYDY) announced Tuesday that Alan Timmins, former COO of the RNA-based therapeutics firm Sarepta Therapeutics Inc (NASDAQ:SRPT) has joined its board of directors as an independent director and chair of the audit committee. Timmins worked in a variety of executive positions over 16 years at Sarepta, including President, EVP, COO and CFO. He oversaw several of the life science technology company’s strategic financing and M&A efforts and helped grow it into the $9.5 billion market cap entity it is now. He currently serves as the vice president for financial affairs at the University of Portland, a position he’s held for the past eight years.

LexaGene Holdings Inc (CVE:LXG) (OTCMKTS:LXXGF) said Tuesday that its genetic analyzer technology successfully detected 100% of target superbug strains in new testing. The successful tests are especially important as antibiotic-resistant bugs are typically identified at reference laboratories with a multiple-day turnaround time. LexaGene’s genetic analyzers were able to pinpoint superbugs within one hour, according to the company.

Phunware Inc (NASDAQ:PHUN), a cloud platform provider for mobile devices, has unveiled a litany of milestones for 2019 as well as a roadmap detailing its plans for the commercial launch of its Phun Ecosystem this year. On the Austin, Texas company’s list of much-hyped product launches last year were iOS and Android mobile wallet applications to manage digital identities and profiles as well as personal data management. Also in the mix in 2019 were the introduction of backend administration and processing tools for governance and management plus the approval of digital asset rewards. 

Genprex Inc (NASDAQ:GNPX) announced Tuesday that the US Food and Drug Administration has granted Fast Track Designation for its Oncoprex immunogene therapy to treat lung cancer. The FDA gave its approval to the therapy combination with EGFR inhibitor osimertinib -- AstraZeneca PLC’s (NYSE:AZN) Tagrisso. 

Nerds On Site Inc (CSE:NERD) (OTCMKTS:NOSUF) is expecting continued growth in 2020, particularly in cybersecurity, as the tech firm reported good revenue growth in 2019. The firm, established in 1995, provides mobile IT solutions to small and medium-sized enterprises (SME) in the US and Canada and says it services more than 12,000 clients a year via its eNerds.

Allot Ltd (NASDAQ:ALLT), a provider of network intelligence and security-as-a-service solutions, announced Tuesday that MEO, the telecommunications arm of Altice Portugal, has chosen to adopt its Allot Secure platform. MEO, the largest fixed broadband and mobile service provider in Portugal, opted for the Allot Secure Solution, which pairs NetworkSecure mass-market network security with EndpointSecure remote protection.  

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) is getting into the smart waste management business as it revealed it had struck a deal to buy Internet of Things (IoT) sensor technologies, which are used in the sector. The group will buy all the assets from a partnership called 3030 IoT, including sensor technologies, intellectual property (IP) rights, equipment, customer contracts and prospect lists. The bundle also includes software which has already been commercialized, operating with a large bin waste management company in British Columbia.

Orgenesis Inc. (NASDAQ:ORGS), a developer of advanced cell therapies, is set to raise roughly $9.24 million on a gross basis in another private placement to finance the expansion of its point-of-care cell-therapy platform. Under the deal’s terms, a private placement of 2.2 million shares of the company’s stock has been arranged with select institutional investors, including The Phoenix Insurance Company and Sphera Global Healthcare Master Fund, at a strike price of $4.20 per share.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) announced it is set to raise C$10 million from a placing and has amended a previously announced bridge loan.  The placing proceeds will be used to fund continued surface exploration at its Sombrero and Curibaya projects located in southern Peru and for general working capital, the Vancouver-based resource group said on Tuesday.

Mota Ventures Corp.( CSE:MOTA) (OTCMKTS:PEMTF), an emerging vertically integrated global CBD brand, said that due to the high volume of questions resulting from the investor conference call it held on Monday, January 20, 2020, the company will host a follow-up investor conference call on January 29, 2020 at 1:15pm (Vancouver time). The group said the follow-up investor conference call will focus on the operations and future plans of First Class CBD, which the company recently acquired from Unified Funding, LLC. The call will include the company's management as well as Kevin Keranen, chairman of the board of Unified and Ryan Hoggan, president of Unified.

Aftermath Silver Ltd. (CVE:AAG) (OTCMKTS:AAGFF) has advised shareholders that a revised Amended and Restated Independent Technical Report for the Cachinal Silver-Gold Project, Region II, Chile is being prepared by SRK Consulting (Canada) Inc. as a result of a review by the British Columbia Securities Commission (BCSC). The group said it is preparing the revised report based on the comments received from the BCSC, and the company is fully cooperating with the regulator in clarifying its disclosure. The company noted that the SRK report, which was filed on October 31, 2019, was not compliant with NI43-101 and as such, the resource estimates contained within it should not be relied upon until they have been verified and supported by a compliant NI 43-101 technical report.

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement, announced on December 4, 2019, which will see the issue of 31,737,584 flow-through shares at a purchase price of 13 cents each and 13,227,333 non-flow-through shares at 12 cents each, together with 13,227,333 share purchase warrants with an initial exercise price of 18 cents and an expiry term of two years, with 30 placees.

Tinka Resources Ltd (CVE:TK) (OTCPK:TKRFF) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement, announced on December 19, 2019, which will see 76,131,686 shares issued at a purchase price of 24.3 cents each with two placees.

Security Devices International Inc. (CSE:SDZ) (OTCMKTS:SDEV), as previously announced, has confirmed the issuance of 6,666,666 shares of its common stock to FinTekk AP, LLC at an agreed price of US$0.15 per share. The shares were issued to retire certain debt incurred by the company to FinTekk in connection with a sponsorship agreement, dated October 30, 2018. The sponsorship agreement details a marketing campaign for the launch of the company's ByrnaTM HD product.

Capstone Turbine Corporation (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, said it will host a live webcast on Thursday, February 6, 2020, at 1.45pm Pacific Time (4:45pm Eastern Time) to provide the results for its third-quarter fiscal year 2020, ended December 31, 2019. The company will discuss its financial results and will provide an update on its business activities and will host a question-and-answer session to provide an opportunity for financial analysts to ask questions.

eWellness Healthcare Corporation (OTCMKTS:EWLL), a provider of the state of the art PHZIO platform for the digital physical therapy and telehealth markets announced on Monday that it will hold an eWellness Telehealth Webinar: “How Virtual Physical Therapy Can Help Create a Healthier Workforce” on Tuesday February 25th, 2020 at 2:00pm EST sponsored by the Arizona Telemedicine Program and Southwest Telehealth Resource Center. It said the webinar, which will be hosted by Darwin Fogt, the group‘s CEO, will focus on early intervention of MSK conditions via telehealth that will reduce medical costs and insurance claims, why post hire “digital movement testing” is so important and using digital pre-hab protocol prior to surgery improves patient outcomes.

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