Bevcanna Enterprises Inc (CSE:BEV) CEO Marcello Leone is joining the firm’s audit committee, filling the vacancy left by the board member Matthew Christopherson’s prior resignation. The infused beverages company also said it has tapped Aktiencheck.de to provide certain corporate branding, marketing, on-line corporate communications and investor relations services to the company for a term of one month for total cash consideration of 25,000 Euros.
Globex Mining Enterprises Inc (TSE:GMX) (OTCQX:GLBXF) issued a shareholder update Friday, letting investors know that despite the coronavirus pandemic hamstringing some of its operations, the company has plenty of cash on hand and will receive public sector support to help fund its workforce. The company’s field work in Quebec and Nova Scotia has been shut down. As a result, Globex has shifted its focus to designing 3D models of its orebodies, drawing maps, updating its website and planning future fieldwork. The company will also receive financial support from the Canadian government covering 75% of its employees' salaries, thanks to a subsidy program for companies facing a 15% or greater drop in revenue.
Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) said Friday that it has inked a letter of agreement with Trafigura Mexico SA de CV which defines the terms under which Trafigura will provide Telson a waiver to repay an existing loan at a later deadline. According to the main gist of the agreement, Trafigura has allowed Telson to defer “interests and principal payments” until June 30, 2021. “The additional time now available of just under 16 months for our company to repay our loan debt to Trafigura, will allow Telson a reasonable time frame to achieve funding and finish construction of its robust 100% owned flagship asset, the Tahuehueto gold mine project," said Telson CEO Ralph Shearing.
Milestone Scientific Inc (NYSEAMERICAN:MLSS) announced Friday a study that validates the cost benefits of its CompuFlo Epidural System. The company’s system is a computer-controlled, real-time pressure-sensing technology designed to reduce failure rates and accidental punctures. The study titled "Cost Effectiveness Analysis of Two Labor Epidural Analgesia Techniques; Real-Time Pressure Sensing Technology and Traditional Technique," has been electronically presented for the American Society of Regional Anesthesia and Pain Medicine. "This is the first major study to clearly validate the cost benefits of the CompuFlo Epidural System,” said Leonard Osser, interim CEO.
Bay Talent Group Inc (CVE:HIRE) is rebranding as HIRE Technologies to better reflect its technology focus in the staffing sector, the company said Friday. The Toronto-based company will be known as HIRE effective from April 21, subject to TSX Venture Exchange approval. CEO Simon Dealy said the firm was “excited” about its new name as it resonates strongly with its corporate vision.
Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR), the largest producer of uranium in the US, is leading the charge to warn the government about security threats to the nation’s supply chain and is primed to scale up domestic production, according to an editorial earlier this week from NetworkNewsWire (NNW). The article, titled “America’s Supply Chains in Jeopardy”, argues that if the US fails to take action to support a domestic uranium sector, then 20% of the country’s electricity and 55% of its carbon-free electricity could “become hostage to malign foreign sources.” Energy Fuels, for its part, has produced more than one-third of all US uranium over the past 15 years.
ImmunoPrecise Antibodies Ltd (CVE:IPA) (OTCQB IPATF) on Friday provided an update on its research activities for the coronavirus (COVID-19), outlining its workflow for experimental vaccines and therapeutics for the research community. In a statement, the company said its multi-targeting approach combines various SARS-CoV-2 spike protein forms with its diverse technologies. The SARS-CoV-2 virus causes COVID19, which is the disease.
Marrone Bio Innovations Inc (NASDAQ:MBII), a producer of biological products for crop protection and plant health, has received a $1.7 million small business loan under the Paycheck Protection Program (PPP) contained within the Coronavirus Aid, Relief and Economic Security (CARES) Act. The PPP allows US businesses and nonprofits with fewer than 500 employees to secure loans of up to $10 million, incentivizing them not to reduce their workforces during the coronavirus (COVID-19) pandemic.
Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) said Friday that it closed a non-brokered private placement to raise $653,000 to boost working capital and support the company’s plan to go live with physician-based immune-boosting telemedicine services. In a statement, the Vancouver-based firm said it offered nearly 16,325,000 units at a price of $0.04 per unit to raise the funds. Each unit consists of a share and one warrant, with each warrant exercisable into one share at an exercise price of $0.10 for a period of two years following the closing.
Internet of Things Inc (CVE:ITT) (OTCMTKS:INOTF) told shareholders on Friday that its management is not aware of any undisclosed material information that may be causing increased trading activity. The comment was made at the request of the Investment Industry Regulatory Organization of Canada, according to the Toronto-based company. Internet of Things operates data-driven artificial intelligence and industrial IoT companies that deliver significant benefit to the verticals they serve.
Loop Insights Inc (CVE:MTRX) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 303,394 common shares at a deemed value of 18 cents per share to settle outstanding debt for $54,61 with three creditors. The company added that it issue a news release when the shares are issued and the debt extinguished.