logo-loader

NA Proactive news snapshot: Gold Resource Corporation, Explorex, KinerjaPay, LiteLink Technologies 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

Gold Resource Corporation (NYSEAMERICAN:GORO) declared its monthly instituted dividend of one-third of a cent per share for January 2020, payable on February 24, 2020 to shareholders of record as of February 11, 2020. Gold Resource is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada in the United States. The company has returned $113 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. Shares of the firm closed at US$5.06 in New York on Monday.

Explorex Resources Inc (CSE:EX) (OTCMKTS:EXPXF) reported grab sample assays from its Fall 2019 exploration program at the Bonanza mountain precious and base metal project in British Columbia, which showed high grades.
Three separate styles of mineralization were discovered as 1,074 soil samples and 54 rock samples were taken at the site, which saw significant exploration and development from the late 1800s through to the early 1900s, the firm said.
The high grades were collected at or near 15 historical workings, comprising shafts, adits and blast pits.

KinerjaPay Corp (OTCMKTS:KPAY) said Monday that it expects to receive a bank guarantee of $30 million this week to fund its KFUND lending operation. The guarantee is a crucial step in activating its $25 million credit facility, which will allow the mobile payment solutions company to draw down $22.5 million over the next three months. The company received a transmission from the Bank of China scheduling the transfer for January 29. The final transfer, an MT-760, will be sent on behalf of Infinity Venture Capital Pte Ltd after the banks reopen following the Chinese New Year holiday break, the company said.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) announced Monday that its subsidiary uBUCK Technologies SEZC has closed the second tranche of a non-brokered, non-dilutive private placement. Under the second tranche, uBUCK issued 1 million preferred shares at a price of US$0.50 for gross proceeds of US$500,000. uBUCK also expects an additional minimum investment of US$1.5 million will be made in exchange for 3 million preferred shares at a price of US$0.50 by June 30, 2020. The investor will also have the option to invest an additional US$2.5 million for a total of 8 million preferred shares at a price of US$0.50 by September 30, 2021. Along with the first tranche closing announced September 30, 2019, uBUCK has now raised a total of US$900,000.

Vendetta Mining Corp (CVE:VTT) has bolstered its financial position to advance its Pegmont Lead Zinc project in Australia by striking a C$500,000 share subscription facility agreement with Scharfe Holdings for a 12-month term. Under the deal’s terms, Vendetta is able to send a drawdown notice to Scharfe which details the number of units Scharfe has an obligation to take up. Each unit is made up of a common share and a warrant, which is exercisable for a period of three years and can be used to purchase a share at a strike price equal to a 30% premium to the price of units issued.

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF), a venture capital company investing in early-stage technology and cannabis companies, said Monday that its wholly-owned subsidiary, Titan Shrooms & Psychedelics Inc, has made its first investment in Netherlands-based Red Light Holland Corp., which focuses on the production, growth and sales of truffle-based products. "We believe Codebase shareholders will benefit from Red Light Holland's unique approach with its focus on truffles and whole fungi medicine, moving away from synthetic alternatives," said Brian Keane, a director with Codebase Ventures. Red Light Holland Corp is strategically based in the Netherlands, a jurisdiction where selling truffles is legal. Red Light Holland believes in the entourage effect of ‘whole fungi' medicine and is designed to profit off of the entire truffle.

Weekend Unlimited Industries Inc (CSE:POT) (OTCMKTS:WKULF) has had a great start to its operations in Oklahoma, where its branded products are now available in 35 stores, with 2,020 units sold since mid-December. As a result, the cannabis-focused firm said it will accelerate its launch of Orchard Heights branded products in the US state, with a target to have them in the market by the end of the first quarter.

LexaGene Holdings Inc (CVE:LXG) (OTCMKTS:LXXGF), the biotechnology company, is receiving numerous requests and inquiries about its technology for detecting the deadly coronavirus, which first struck in the Chinese city of Wuhan. The new pathogen, which can be identified with LexaGene’s technology, first surfaced last December when workers in Wuhan developed symptoms of severe pneumonia after being infected with this previously unknown virus. 

CytoDyn Inc (OTCMKTS:CYDY) announced that an abstract on the potential of its drug candidate leronlimab for the prevention of HIV has been accepted for presentation at the Conference on Retroviruses and Opportunistic Infections  in Boston. The presentation will detail a recent study that shows leronlimab preventing intrarectal transmission of Simian-HIV in macaques. The presentation will take place at 2:30 pm ET on March 9 at the Hynes Convention Center. One problem with current PrEP HIV-prevention treatments is the necessity of a daily regimen, CEO Nader Pourhassan said, which makes long-term treatment difficult. Leronlimab, on the other hand, is a once monthly 700 milligram injection.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a manufacturer of cannabis-infused beverages, announced Friday that its board of directors has appointed John Campbell as the company’s chief financial officer and corporate secretary.  In a statement, the Vancouver-headquartered company said Campbell’s appointment filled the vacancy left by Oleg Scherbina. BevCanna Enterprises thanked Scherbina for his contributions to the company.

XPhyto Therapeutics Corp (CSE:XPHY)(OTCMKTS:XPHYF) has struck a three-year supply and distribution deal with Colombian cultivator, PharmaCielo Ltd, to serve XPhyto's German medical cannabis business. Canada-headquartered PharmaCielo (CVE:PCLO) (OTCQX:PCLOF) is focused on the ethical and sustainable supply of natural, medicinal-grade cannabis oil extracts and related products to international markets. Its PharmaCielo Colombia subsidiary is based at its nursery and propagation centre in Rionegro, Colombia. 

EuroLife Brands Inc (CSE:EURO) (OTCMKTS:EURPF) has secured a credit facility of up to C$2.5 million (around €1.7 million) to further its European expansion plans, it revealed on Monday.  The Toronto-based group has struck a definitive financing deal with European Equity Group - an international merchant bank mainly focused on growth-oriented small-cap companies.

Asterion Cannabis Inc is welcoming business executive Robert Coltura to its board of directors, the firm said Monday.  The new board member was confirmed at the Vancouver-based company’s recent annual general meeting held on Friday. Coltura brings over 20 years of experience in the public sector as a director and officer, including his multiple current roles in corporate finance, resource companies and real estate.

FluroTech (CVE:TEST) (OTCMKTS:FLURF) will be a featured presenter at the upcoming MjMicro Virtual Investors Conference on January 29 at 11:30 pm PST, Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Monday. The conference provides a platform for both public and private cannabis companies to pitch and present their stories to investors through an online virtual conference. Robert Achtymichuk, director of capital markets at FluroTech, will update investors and analysts about its cannabis-testing platform.

mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDF) has finalized the acquisition of Atlanta-based 3D technology company Construction Systems Associates, the company said Monday. The deal positions mCloud to become one of the largest providers of 3D asset management capabilities to the nuclear power industry in North America. The Vancouver-based company also announced plans to complete its first 3D Digital Twin deliveries with customers in North America, the Middle East and Southeast Asia before the end of 2020.

Plus Products Inc (CSE:PLUS) (OCTMKTS:PLPRF) will be a featured presenter at the upcoming MjMicro Virtual Investors Conference on January 29 at 12:30 pm ET, Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Monday. The conference provides a platform for both public and private cannabis companies to pitch and present their stories to investors through an online virtual conference. Plus Products CEO Jacob Heimark will host the presentation to update investors and analysts.

Dyadic International Inc (NASDAQ:DYAI) CEO Mark Emalfarb is making an appearance on FOX Business this afternoon in an interview conducted by anchor Liz Claman. The discussion will be part of the network’s Countdown to the Closing Bell show, which runs from 3 pm to 4pm ET. The interview will be streamed here. Emalfarb was also interviewed on Friday by WPBF 25, an ABC affiliate in Florida, where he urged US pharmaceutical manufacturers to step up vaccine production to defend against the deadly coronavirus. Dyadic is working to apply its proprietary C1 gene expression platform to accelerate development, lower costs and improve the performance of biologic vaccines and other products.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) announced Monday that its subsidiary uBUCK Technologies SEZC has closed the second tranche of a non-brokered, non-dilutive private placement. Under the second tranche, uBUCK issued 1 million preferred shares at a price of US$0.50 for gross proceeds of US$500,000. uBUCK also expects an additional minimum investment of US$1.5 million will be made in exchange for 3 million preferred shares at a price of US$0.50 by June 30, 2020. The investor will also have the option to invest an additional US$2.5 million for a total of 8 million preferred shares at a price of US$0.50 by September 30, 2021. Along with the first tranche closing announced September 30, 2019, uBUCK has now raised a total of US$900,000.

Fidelity Minerals Corp. (CVE:FMN) said that, subsequent to its news release of January 7, 2019 where the group updated on progress with respect to the Cerro Dorado sale transaction, the company has received the scheduled payment of US$150,000. The group said the previously announced payment schedule remains otherwise unchanged. In addition, the company announced that it has received conditional approval of the transaction from the Toronto Venture Exchange. The company also noted that, following the recent cancellation of certain options associated with its recent share consolidation, it has granted an aggregate of 1,725,000 incentive stock options to certain directors, officers and consultants of the company exercisable at a price of $0.075 per share for a period of five years.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO), a designer and manufacturer of electric vehicles, announced Monday that management will attend the Stifel 2020 Transportation and Logistics Conference in Miami Beach on February 11-12. At the event, ElectraMeccanica will also be showcasing its all-electric, single-seat SOLO EV, which is expected to begin commercial production in 2020 with the company’s strategic contract manufacturing partner in China, Zongshen Industrials Group. With an MSRP of $18,500, the SOLO EV is a trend-setting all-electric, single-seat vehicle expected to revolutionize the commuting, delivery and shared mobility experience. CEO Paul Rivera and CFO Bal Bhullar will host one-on-one investor meetings throughout the conference.

Province Brands will be a featured presenter at the upcoming MjMicro Virtual Investors Conference on January 29 at 9 am PST, Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Monday. The conference provides a platform for both public and private cannabis companies to pitch and present their stories to investors through an online virtual conference. CEO Dooma Wendschuh will update investors and analysts about the company’s patent-pending process to create the world's first beers brewed from cannabis while utilizing parts of the plant which would otherwise have no commercial value.

eWellness Healthcare Corporation (OTCMKTS:EWLL), a provider of the state of the art PHZIO platform for the digital physical therapy (PT) and telehealth markets announced today that it is joining the mission to create much lower carbon emissions with PHZIO. The firm noted an article which concluded that replacing physical in-clinic patient treatment visits with telemedicine appointments using PHZIO resulted in a significant 40–70 times decrease in carbon emissions. The article on Carbon "Footprint of Telemedicine Solutions - Unexplored Opportunity for Reducing Carbon Emissions in the Health Sector“ can be accessed via the following link: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4154849/

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 Weekend Unlimited Industries Inc. named herein, including the promotion by the Company of Weekend Unlimited Industries Inc. in any Content on...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: CytoDyn Get US FDA approval to move to FastTrack to Phase 2...

CytoDyn (OTCQB: CYDY) CEO Nader Pourhassan joined Steve Darling from Proactive to discuss the company getting U.S. FDA  clearance to start a Phase 2 trial with leronlimab to treat COVID-19 patients with mild to moderate indications.  Pourhassan telling Proactive why they have been...

22 minutes ago

10 min read