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NA Proactive news snapshot: CUI Global, Telson Mining, Golden Arrow Resources, eWellness UPDATE …

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

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CUI Global Inc (NASDAQ:CUI) has closed its acquisition of Reach Construction Group, a privately-held engineering, procurement and construction (EPC) company focused on solar construction in North America. Headquartered in Apex, North Carolina, Reach has executed more than 40 renewable energy projects in excess of 450 megawatts. The company possesses deep expertise in utility-scale renewable energy project delivery, particularly solar farms, site preparation and public utility construction. Reach immediately becomes a wholly owned subsidiary of CUI Global. CEO Brandon Martin will continue in his current role, and he will report to CUI CEO Jim O’Neil.

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) has temporarily stopped operations at its Campo Morado mine in Mexico after the country’s ministry of health ordered the suspension of all non-essential public and private businesses due to the coronavirus (COVID-19) pandemic. The order became effective on March 31 after its publication in Mexico’s Official Gazette of the Federation, the country’s main government publication. Telson immediately commenced the process of winding down operations and is in the process of reducing its workforce in order to comply with the order.

Golden Arrow Resources Corporation (CVE:GRG) (OTCQB:GARWF) Chairman and CEO Joseph Grosso told shareholders Monday that the company is “for the most part operational” as staff works from home amid the coronavirus (COVID-19) pandemic. “The COVID-19 crisis has created a challenge that none of us could imagine even several weeks ago. I'm reaching out at this time to connect with you as we navigate this situation together,” he said in a letter. “As volatility and uncertainty has been thrust into financial markets, I feel confident of the strong fundamentals for gold and precious metals. We have often seen, during times of upheaval, gold nearly always performs well. As our advanced projects in Chile, Paraguay and Argentina have great potential for significant gold discoveries, the potential value in Golden Arrow remains high.”

eWellness Healthcare Corporation (OTCQB:EWLL) announced Monday that usage of its PHIZIO digital physical therapy platform has jumped to an average of more than 200 patient visits per day. As many physical therapists (PTs) are currently unable to meet with patients in person due to the coronavirus (COVID-19), telemedicine options like eWellness’ PHIZIO program allow them to provide assessment and treatment in real-time using a smartphone or laptop.

Bay Talent Group Inc (CVE:HIRE) has appointed Simon Dealy as its new CEO, it told shareholders Monday. Dealy served as the Toronto-based recruitment company’s president and chief financial officer and helped lead the company’s acquisition strategy. Dealy replaces Allan Hartley as CEO, who resigned as both the chief executive and director of the company.

KinerjaPay Corp (OTCQB:KPAY) on Monday said it expects to receive the first of eight bank guarantees for $25 million within days. In a statement, the company said its investor, Infinity Venture Capital Pte Ltd of Singapore, delayed issuance due to the coronavirus (COVID-1) pandemic. The guarantee is now expected to be issued during this week, ending April 10, said KinerjaPay, which has established a line of credit with PT Bank China Construction Bank Indonesia, Jakarta for $25 million.

Co-Diagnostics Inc (NASDAQ:CODX), a molecular diagnostics company, said Monday that its Logix Smart coronavirus (COVID-19) test has obtained Emergency Use Authorization (EUA) from the US Food and Drug Administration (FDA) to be used for the diagnosis of SARS-CoV-2. In a statement, the company said its Logix Smart COVID-19 test can be used by clinical labs certified under Clinical Laboratory Improvement Amendments (CLIA) to detect the presence of the “virus that causes COVID-19,” and is available online to be bought from the company's ISO-13485:2016 certified facility in Utah.

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) has described sales in March as "exceptional" with products under its First Class CBD brand driving the unexpected growth. Specifically, its Immune Support product line has been received exceptionally well by consumers since it launched on March 14 this year, the e-commerce focused company told investors in an update. "The total number of customers acquired by First Class CBD in March 2020 is 20,959, including 6,419 immune customers with an initial average spend of C$218.40 per customer," it added.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) announced Monday the debut of its cannabis-infused beverage powder brand Jase. Created with a pomegranate lemonade flavour, Jase will be available for sale in licensed dispensaries in California this year. Jase will be offered in a ready-to-mix single-serve powder, infused with 10 milligrams (mg) of THC, and available in a 10-pouch box.

CytoDyn Inc (OTCQB:CYDY) announced Monday that the company has enrolled and begun treating the first two patients in its Phase 2 trial of leronlimab for people with mild-to-moderate coronavirus symptoms.  The company expects enrollment to accelerate this week at multiple clinical sites Separately, 15 severely ill coronavius patients have been treated with leronlimab so far, primarily in New York, under an emergency investigational new drug designation granted by the US Food and Drug Administration for each individual patient.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) announced Monday that its subsidiary Cannacure Corporation has been granted an industrial hemp license by Health Canada. The industrial hemp license, which took effect on April 3 and runs until April 3, 2023, will allow Cannacure to bulk store, sell industrial hemp, flowering heads, leaves or branches to other license holders, and to import and export grain.

Capstone Turbine Corporation (NASDAQ:CPST) reported preliminary fiscal fourth-quarter results that achieved the company’s key goal of having strong cash flow and adequate liquidity to deal with the business challenges posed by the coronavirus (COVID-19) pandemic. The group‘s total cash and equivalents as of March 31, 2020 were $15.1 million, down only $1.6 million from to $16.7 million in December 31, 2019, despite lower revenue.

TRACON Pharmaceuticals Inc (NASDAQ:TCON) has been granted a Type B teleconference meeting with the US Food and Drug Administration on May 8 to discuss a potential pivotal trial of its drug envafolimab as a treatment for the tissue cancer sarcoma. In a statement, the company said that, during the meeting, it expects to go over the design of the trial, which it has named ENVASARC. In the next six months, TRACON will file an Investigational New Drug (IND) for envafolimab in order to conduct the study and apply for orphan drug designation for its use as a treatment for sarcoma.

Ideanomics Inc (NASDAQ:IDEX) said Monday the Qingdao City Construction Investment Group Limited (QCCIG) has entered into a framework strategic cooperation agreement with Sun Seven Stars Investment Group Limited (SSSIG) to fund investment projects. Ideanomics said it’s Mobile Energy Global (MEG) division will eventually benefit from the agreement under which both groups would raise up to US$7 billion to finance investment projects in the city of Qingdao and Shandong province in China. About 20% of the money will be earmarked to finance the purchase of electric vehicles (EVs) to replace existing gas-powered fleets in Shandong province, the company said in a statement. 

AgraFlora Organics International Inc (CSE:AGRA) (OTCMKTS:AGFAF) revealed it has taken a further step towards gaining a cultivation licence for its large-scale commercial greenhouse in Delta, British Columbia. In a statement, the international cannabis firm confirmed that it will deliver the cultivation license at its Delta Facility before the end of the second quarter this year, barring any material change in Health Canada’s service standards as a result of "prevailing socioeconomic conditions".

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF), the cryptocurrency payments specialist, has said it is ready and willing to help the US government to create a Central Bank Digital Currency (CBDC) if it comes into law. The tech firm told investors that it 'jumped into action' when it heard about US Congress plans to legislate for a government-backed cryptocurrency as part of two different versions of the first of the country's stimulus bills in the light of the pandemic crisis. Although, it was not included in the final version of the first bill, NetCents says its board and advisors all agree that this "Digital Dollar" will be included in future legislation.

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) has said it is seeing “exceptional” recovery results from testwork at its Millennium project. The Vancouver-based firm is conducting metallurgical testwork in collaboration with Australia’s Cobalt Blue Holdings (ASX:COB), which has developed an innovative processing technology to extract and recover cobalt and other payable metals. GEMC said that testing recovered excellent cobalt, copper and gold results, including high-grade separate copper and cobalt concentrate that can be easily floated from Millennium project samples. Testing achieved float recoveries of 93% cobalt, 93% copper and 80% gold into concentrates, GEMC added

Blackrock Gold Corp (CVE:BRC) said experienced mining executive David Laing had been appointed to the board as an independent director, while Alan Carter has stepped down to focus on other business endeavours. With over 40 years' experience, Laing's CV is extensive. He was one of the founding executives of gold producer Endeavour Mining Corp (TSE:EDV), which operates in West Africa, and was chief operating officer (COO) of True Gold Mining Inc, which developed a gold heap leaching operation in Burkina Faso.

Candelaria Mining Corp (CVE:CAND) (OTCMKTS:CDELF) has closed a previously announced private placing, bringing in around C$1.1 million for general working capital purposes. The gold-focused explorer issued over 4.2 million units at a subscription price of C$0.25 each, for total gross proceeds of C$1,059,261.

Media Central Corporation Inc (CSE:FLYY) issued 3,616,000 shares at C$0.05 to settle a C$180,800 debt. The Toronto-based company also granted options to purchase 100,000 shares priced at C$0.10 and exercisable for a five-year period to an employee. The publishing house also named Fazzari + Partners LLP as its auditors effective January 1, 2020, replacing Wasserman Ramsay.

BioPorto A/S (CPH:BIOPOR) said that, further to its announcement of March 16, 2020 regarding the initiation of a right issue of up to 24,992,054 new shares with a nominal value of DKK 1 each, the issue has now been fully subscribed for. The group added that the allocation of subscription orders for remaining shares will be communicated to the individual investors in due course. It noted that the offering will be completed when payment of subscription amounts have taken place and the new shares have been registered with the Danish Business Authority, expected on April 14, 2020.

Harvest One Cannabis Inc. (CVE:HVT) (OTCQX:HRVOF) announced that, further to its press release dated March 11, 2020, the company has issued 17,083,333 common share purchase warrants to MMJ Group Holdings Ltd. as consideration for agreeing to extend the maturity date of a secured loan agreement in the amount of $2,000,000, issued on January 10, 2020. Each warrant will entitle the holder to purchase one common share in Harvest One at a price of $0.06 each at any time until the earlier of: (i) the date of the further extension or renewal of the loan; and (ii) April 3, 2022.

TIMIA Capital Corporation (CVE:TCA) (OTCMKTS:TIMCF) has announced that its Annual Shareholder Meeting (AGM) will be held on June 2, 2020 at 10am (Pacific Standard Time). In the light of COVID19 pandemic, the company said it expects the meeting to be a conducted by way of virtual format including dial-in access and by live audio and video webcast. Links and dial-in information will be provided to the public closer the AGM.

Mirasol Resources Ltd. (CVE:MRZ) (OTCPK:MRZLF) has announced that due to coronavirus (COVID-19) related health concerns regarding public gatherings, the annual and special general meeting scheduled to be held on April 23, 2020, has been postponed and rescheduled for July 8, 2020, at 10am. Mirasol said it will continue to follow the guidance of British Columbia's public health officials and will ensure that best practices are followed at the rescheduled meeting.

Power Ore Inc. (CVE:PORE) has presented its latest 35-minute webinar, entitled 'Copper in a COVID World', hosted by Power Ore CEO Stephen Stewart which covers the company's contrarian view on how copper will be a beneficiary from expected policy decisions coming from the United States and Canadian governments as a result of the coronavirus (COVID-19) crisis. The webinar also details Power Ore's recent land package expansion from 797 to nearly 10,000 hectares, which includes two additional past-producing Falconbridge mines, as well as 12 kilometres of the Gwillam fault, the major geological structure controlling regional mineralization in the Chibaugaumau District. The webinar can be accessed by the following link: https://www.youtube.com/watch?

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced that Nanalysis Scientific Corp. (CVE:NSCI) (OTCQX:NSCIF), a scientific instrument manufacturer based in Calgary, has qualified to trade on the OTCQX Best Market, having upgraded to from the Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Sean Krakiwsky, CEO of Nanalysis Scientific Corp. commented: "We are very pleased to have our OTCQX designation, which makes our stock more readily available to U.S. investors that are interested in high-quality small-cap technology companies. We are proud of our association with OTC Markets, and we look forward to telling our story across the U.S. in 2020 and beyond".

Virtual Investor Conferences, the leading proprietary investor conference series, announced that the presentations from its April 2 conference are now available for on-demand viewing at VirtualInvestorConferences.com. The presenting companies were: NexTech AR Solutions (OTCQB:NEXCF) (CSE:NTAR), Analytixinsight Inc. (OTCQB:ATIXF) (CVE:ALY), Siyata Mobile, Inc. (OTCQX:SYAT) (CVE:SIM), POET Technologies Inc. (OTCQX:POETF) (CVE:PTK); and Draganfly Inc (OTCQB:DFLYF) (CSE: DFLY). Virtual Investor Conferences, part of OTC Market Group's suite of investor relations services, is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

Powerore Inc (CVE:PORE) has provided an update to its agreement with 2736-1179 Quebec Inc to acquire the past-producing Robitaille (copper) and Cooke (gold) mines, both former Falconbridge mines. This acquisition will increase the Opemiska Copper Complex property from 797 hectares to 9,852 hectares. This new land package is contiguous to the Springer and Perry Mines as well as Yorbeau Resources' Scott Lake deposit, and covers about 12 kilometres of the Gwillin Fault. As part of the transaction, Powerore said it is committed to completing a NI 43-101 Technical Report for the Robitaille and Cooke properties. Given current Quebec travel restrictions due to the COVID-19 situation, the logistics behind completing this report is taking longer than anticipated. Powerore said it is working to complete this report as expeditiously as possible under the current circumstances and will keep shareholders informed.

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