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NA Proactive news snapshot: Co-Diagnostics, Progressive Planet Solutions, PreveCeutical Medical, Parallax Health Sciences UPDATE …

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

Endeavour Mining Corp - NA Proactive news snapshot:
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Co-Diagnostics Inc (Nasdaq:CODX) has won a critical victory as the diagnostics company can now sell its coronavirus detection test across Europe after clinching a coveted CE Mark for the technology from EU regulators.The Logix Smart Coronavirus Covid 19 test is available for purchase in all of Europe after the Utah company won regulatory approval from the EU to sell the kit – which successfully identifies the presence of a new strain of the deadly virus, which has infected more than 75,000 people and caused nearly 2,130 deaths since it first struck in the city of Wuhan in China late last year. Buoyed by the news, Co-Diagnostics shares closed up by nearly 29% to $3.93 on Monday. “We believe Co-Diagnostics is the first US company to receive a CE-marking for a coronavirus IVD, which is a testament to the quality of our platform,” said CEO Dwight Egan in a statement.

Progressive Planet Solutions Inc (CVE:PLAN) is set to option a third natural pozzolan project in British Columbia. The firm has inked an option agreement with Jeremy Marlow (an arms-length party) on the property in Heffley Creek, British Columbia following the firm's surface sampling, which confirmed the presence of alumino-silicates (natural pozzolans), magnesium, and anomalous gold and silver.The Vancouver-based company will pay Marlow a total of C$55,000 over 48 months and spend C$275,000 to explore the property over the same time frame. Marlow will also be entitled to a royalty of $8 per ton of industrial mineral products produced, which is subject to a 75% buyback right for C$150,000.

Health sciences group PreveCeutical Medical Inc (CSE:PREV) (OTCMKTS:PRVCF) told investors that two Australian provisional applications entitled "A Cyclic Peptide", filed last year by the University of Queensland, Australia, have recently been combined into a single PCT (international) application which was filed a year after the earlier priority date. This PCT application, jointly owned by UQ and PreveCeutical, was filed on January 24 this year and aims to seek protection for certain cyclic peptides and their use in pain management. PreveCeutical's president and chief science officer Dr. Mak Jawadekar said: "We are very pleased that the research collaboration with UQ has led to this patent application. This is intended to provide PreveCeutical with the protection required to secure its intellectual property (IP) as we continue the development of our pain management therapeutic products."

Parallax Health Sciences Inc (OTCMKTS:PRLX) announced Monday it has reached a settlement that releases the company of all potential liabilities and litigation with the previous owner of RoxSan Pharmacy Inc. Under the settlement terms, a contingent liability in the principal and interest of about $25 million has been canceled, the company said in a statement.  Parallax said the terms include a payment of $4 million to be paid over the next two years and delivery of 10 million shares of restricted stock of the company to the owner of RoxSan. Looking ahead, CEO Paul Arena said the company is now free to focus on operating growth.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy microturbines, is going Indy again. The company announced Monday that its colors of green and white will again be displayed on the No. 88 Andretti Harding Steinbrenner Autosport car of Colton Herta for the 2020 NTT INDYCAR SERIES season. Capstone first appeared on the sidepods of the sophomore driver’s car in 2019 on the streets of Toronto and continued through to the season finale race where Herta scored a victory from pole position for the then Harding Steinbrenner Racing team. The partnership also extends the relationship between Andretti Autosport and Capstone, which began in May 2019 with driver Alexander Rossi.

Genprex Inc (NASDAQ:GNPX) has closed a 17.5 million offering priced at-the-market. The clinical-stage gene therapy company sold 5 million shares at a price of $3.50 per share, and it plans to use the proceeds to advance its drug development programs, for working capital and for general corporate purposes.In addition, the company said, the funds will help fund Genprex’s planned clinical trial of Oncoprex immunogene therapy combined with pemrolizumab (marketed as Keytruda by Merck & Co) in non-small cell lung cancer and in its pre-clinical gene therapy for Type 1 and Type 2 diabetes, which it recently in-licensed from the University of Pittsburgh.

Phunware Inc (NASDAQ:PHUN) plans to attend the Healthcare Information and Management Systems Society (HIMSS) Global Health Conference & Exhibition held March 9-13 at the Orange County Convention Center in Orlando, Florida. The cloud platform provider will have an on-site presence at the exhibit hall with its channel partners, Hewlett Packard Enterprise Company (NYSE:HPE) subsidiary Aruba (Booth #3321) and HID Global (Booth #6987). The event is expected to draw more than 45,000 attendees and will feature insights from more than 350 expert-led education sessions and 1,300 companies including Mayo Clinic, CVS Health Corporation (NYSE:CVS), NASA, the National Security Agency and others. “Companies across every major industry are using technology to transform their businesses and this event acts as a global stage for the latest innovation across these industries,” CEO Alan Knitowski said.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) offered a corporate update on Monday that projected year-over-year revenue growth and teased a mid-2020 launch for its single-seater electric vehicle. The Vancouver company expects revenue for the fourth quarter to range between $140,000 to $160,000, compared to $141,901 a year earlier. ElectraMeccanica said it plans to launch its flagship EV, the SOLO, in Los Angeles later this year before expanding to other west coast cities. The SOLO is a three-wheeled single-passenger car that boasts a top range of 100 miles and speeds of 82 miles per hour on a 17.3-kilowatt hour battery pack.

Canntab Therapeutics Limited (CSE:PILL) (OTCMKTS:CTABF) revealed Monday that Health Canada has granted it a cannabis research licence for continuing the research and development of its pharmaceutical-grade cannabis hard pill formulations at its Markham Ontario facility. In a statement, the Canadian company said that after getting a standard processing licence and sale for medical purposes licence from Health Canada, Canntab will begin full-scale manufacturing of its suite of precision oral dose products.The firm is a leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic application. The company's hard pill oral delivery formulations encapsulate extended-release, instant release, and bi-layered hard pills which offer patients and practitioners accurate dosing.

Dyadic International Inc (NASDAQ:DYAI) announced Monday that data presented at the 15th European Conference on Fungal Genetics demonstrated that its C1 strain has been glyco-engineered to achieve a core human-like G2 glycan level over 76% on Host Cell Proteins (HCP). According to a statement, the G2 glycosylation data was presented by Anne Huuskonen from the VTT Technical Research Centre of Finland Ltd at the conference in Rome on February 19. The scientific results are outlined in the presentation entitled, ''Development of filamentous fungus Myceliophthora thermophila C1 into a next-generation therapeutic protein production system." 

CleanSpark Inc. (NASDAQ:CLSK), the advanced energy software and technology company, has revealed that it will be taking part in the alphaDIRECT conference series on February 26 at 1pm (ET). As part of this, CEO Zach Bradford will provide an overview of the tech company’s latest advances as well as its outlook and field questions too. “We have had several positive developments over the past few months including an uplisting to Nasdaq, record year-over-year revenue growth of 372% in the last quarter and additional business wins during the current quarter,” said Bradford in a statement. Bradford’s talk will be broadcast via a live webcast and can be replayed by turning to the alphaDIRECT Investor Center page at www.alphadirectadvisors.com.

Avalon GloboCare Corp (NASDAQ:AVCO) will be presenting at the 32nd annual ROTH Conference in Dana Point, California in March, the company told shareholders Monday. CEO David Jin is scheduled to present on Monday, March 16 at 3:30 PST. Jin will be joined by CFO Luisa Ingargiola on stage for the presentation as well as one-on-one meetings with institutional analysts and investors.The cell therapy-focused firm recently announced a new strategic partnership with China Nanjung Cell Valley, one of the largest biotech zone initiatives in China, to cultivate translational research and technological advances.

The Flowr Corporation (CVE:FLWR) (OCTMKTS:FLWPF) revealed Monday that it has received approval from Health Canada to open 10 additional grow rooms at its flagship Kelowna 1 cultivation facility in the fertile Okanagan Valley of British Columbia, which is now fully operational. The Toronto-based cannabis firm said this brings the total to 20, doubling the company’s capacity to grow premium, indoor flower at the facility. The newly licensed area also includes automated packaging equipment to reduce labor costs and the cost of goods sold, noted the company. This is the final approval required for full operation of the facility. When fully operational, the anticipated 85,000 square feet facility is expected to produce around 10,200 kilograms of bud.

Gold producer Endeavour Mining Corporation (TSE:EDV) (OTCMKTS:EDVMF) has released a maiden reserve for its La Plaque deposit at the Ity mine in Ivory Coast, which shows a high grade, and told investors that estimates are likely to further increase in the second half of this year due to drilling. A further 194 holes have been sunk for 25,695 m in the second half of last year and since the July 2019 resource, on which this reserve is based. La Plaque has a maiden proved and probable reserve of 5.5 million tonnes (Mt) at 2.34 grams per ton (g/t) of gold for 415,000 ounces. The higher confidence measured and indicated resource is pegged at 476,000 ounces of the precious metal at 3.20 g/t gold from 4.63 Mt.

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) is tapping online e-commerce expert Ryan Hoggan as its new CEO as the cannabis firm embarks on a busy year. Hoggan’s appointment comes as Vancouver-based Mota recently closed the acquisition of Wyoming’s First Class CBD, of which Hoggan is a founder, making him a “natural fit” for the CEO role, according to the company. The firm is also preparing to roll out its European CBD brand Sativida in the US.

MegumaGold Corp (CSE:NSAU) (OTCMKTS:NSAUF) has made a move into the hot palladium space with the acquisition of five mineral claims in the Similkameen mining division of British Columbia. The company aims to immediately begin surface work, mapping and sampling there and planning for a bigger work program.The new claims are seven and 20 km north-west of Copper Mountain. MegumaGold president Theo Van der Linde said: "The district at one time was the principal producer of palladium in North America. "Being Palladium is at an all-time high and not expected to slow down, due to the recent realization of the massive shortfall of the metal, we feel Meguma has substantial means to aggressively explore the recent acquisition being the region and its geological setting is well known for palladium yet has been relatively under looked and underexplored."

Antibe Therapeutics Inc (CVE:ATE) (OTCMKTS:ATBPF) announced Monday that an article showcasing the benefits of its anti-inflammatory drug candidate has been published in a medical journal. The piece, which appeared in the publication “Antioxidant and Redox Signaling,” reported on a series of studies of ATB-352, the company’s derivative of the nonsteroidal anti-inflammatory drug (NSAID) ketoprofen. The studies show that ATB-352 induces greater pain relief than ketoprofen in a well-characterized animal model of surgical pain. Like ketoprofen, ATB-352 treats pain by releasing hydrogen sulfide, but Antibe’s alternative is being developed to also avoid some of its side effects, namely damage to the gastrointestinal tract.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) has granted, subject to TSX venture exchange approval, a total of 1,133,500 share purchase options to directors, officers, and consultants with an exercise price of C$0.14 per share and a term of three years. Newrange also said it will be exhibiting at the prospectors and developers association of Canada (PDAC) conference in Toronto from March 1 to 4.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) said it will be hosting an event at the Fairmont Royal York, Toronto on Monday, March 2 at 4pm as part of the PDAC conference. The agenda will include a presentation from executive chairman, Ivan Bebek and chief geologist, Michael Henrichsen, with a focus on Auryn's evolving Curibaya project in Peru and upcoming catalysts for 2020. This will be followed by a reception attended by other executives and geologists from the firm.

Health sciences group PreveCeutical Medical Inc (CSE:PREV) (OTCMKTS:PRVCF) told investors that two Australian provisional applications entitled "A Cyclic Peptide", filed last year by the University of Queensland, Australia, have recently been combined into a single PCT (international) application which was filed a year after the earlier priority date. This PCT application, jointly owned by UQ and PreveCeutical, was filed on January 24 this year and aims to seek protection for certain cyclic peptides and their use in pain management. PreveCeutical's president and chief science officer Dr. Mak Jawadekar said: "We are very pleased that the research collaboration with UQ has led to this patent application. This is intended to provide PreveCeutical with the protection required to secure its intellectual property (IP) as we continue the development of our pain management therapeutic products."

Vendetta Mining Corp (CVE:VTT) (OTCMKTS:VDTAF) has amended the terms of warrants issued as part of a placing of over 5.7 million shares at C$0.10 each, which was accepted for filing by the exchange effective on June 6 last year. The number of warrants is 2,886,250, which had an expiry date of June 3, 2021 and an exercise price of C$0.15. The new expiry date is June 3, 2022 and the new exercise price is C$0.13.

Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) has struck an extensive tie-up with mining behemoth Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) to jointly explore, develop and mine properties in the east Asian country. The partnership spans 28 out of the firm's 30 current projects and Barrick will sole fund a two-year initial evaluation of each project and potentially a three-year second phase if they meet the mining titan's criteria. arrick's CEO Mark Bristow said the junior had "assembled an impressive portfolio of exploration tenements within the renowned epithermal gold provinces of Japan". We look forward to advancing our partnership by combining Barrick's technical and financial resources with Japan Gold's first mover advantage, to deliver new world class gold discoveries."

OTC Markets Group’s Virtual Investor Conferences has announced that the presentations for the listed companies which made their debut at its conference on February 20 can now be accessed at VirtualInvestorConferences.com. On offer are overviews from Siyata Mobile Inc (OTCQX:SYATF), Rubicon Minerals Corp (OTCQX:RBYCF), Flyht Aerospace Solutions (OTCQX:FLYLF), NexTech AR Solutions (OTCQB:NEXCF), and Nextleaf Solutions (OTCQB:OILFF). Virtual Investor Conferences offers a digital forum for public companies to present to investors.

Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Monday that Nextleaf Solutions LTD CEO Paul Pedersen (CSE:OILS) (OTCMKTS:OILFF) (FSE:L0MA) will be a featured presenter at its upcoming virtual investor conference on February 26 at 1 pm ET. The MjMicro Virtual Investor Conference provides a platform for both public and private cannabis companies to pitch and present their stories to investors, while providing a unique opportunity for private and institutional investors access and deal-flow to the best-in-class cannabis companies in the world. The MjInvest digital platform also allows companies and investors the ability to communicate after the conference concludes through chat features and direct messaging capabilities.

Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB), a clinical-stage biopharmaceutical company, will host a conference call and live audio webcast on March 9 at 8 am ET to discuss operational and financial results for the fourth quarter and full year ended December 31, 2019. To participate in the call, please dial (877) 407-5976 (domestic) or (412) 902-0031 (international). The live webcast will be accessible on the investors’ section of Matinas’ website and will be archived for 90 days.

Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Monday that EXMceuticals Inc (CSE:EXM) CEO Jonathan Summers will be a featured presenter at its upcoming virtual investor conference on February 26 at 1:30 pm ET. The MjMicro Virtual Investor Conference provides a platform for both public and private cannabis companies to pitch and present their stories to investors and analysts, while providing a unique opportunity for private and institutional investors access and deal-flow to the best-in-class cannabis companies in the world. EXMceuticals is a Canadian company entirely focused on medical cannabis, with operations in Portugal and Africa.

 

 

 

 

 

Quick facts: Endeavour Mining Corp

Price: 20.01 CAD

TSX:EDV
Market: TSX
Market Cap: $2.2 billion
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Watch

Endeavour Mining's head of exploration and growth details his 2019 ambitions

Patrick Bouisset, executive vice president of exploration and growth at Endeavour Mining  Corporation (TSE:EDV), speaks to Proactive's Andrew Scott while in London. The miner has five operating mines in the Birimian greenstone belt - in the Ivory Coast, it has the Agbaou and Ity...

on 24/5/19

14 min read