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NA Proactive news snapshot: OTC Markets Group, Pressure BioSciences, 1933 Industries, Humanigen, Hillcrest Petroleum, Nemaura Medical, Calyxt UPDATE ...

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

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Virtual Investor Conferences, the proprietary virtual event series from OTC Markets Group Inc (OTCQX:OTCM), released the agenda for the upcoming Cannabis & CBD Industry Virtual Investor Conference. The free event is designed to connect individual and institutional investors, analysts and advisors with companies across a variety of industries. The program is scheduled to begin at 10:15 am ET, with the first live webcast at 10:30 AM ET, on July 9. Registration can be done here. The companies presenting at the live virtual event include Avicanna Inc (OTCQX: AVCNF) (TSX:AVCN), Cardiol Therapeutics Inc (OTCQX:CRTPF)(TSX: CRDL), Medipharm Labs Corp (OTCQX: MEDIF) (TSX:LABS), Willow Biosciences Inc (OTCQB:CANSF) (TSX: WLLW), and Marijuana Company of America Inc (OTCQB:MCOA)

Pressure BioSciences Inc (OTCQB:PBIO) announced Tuesday that it will hold a teleconference to discuss its first quarter results and provide a business update at 4:30 pm ET on Wednesday. The presentation will discuss progress made in the development of the company’s Ultra Shear Technology Platform and the pending merger of PBI, Cannaworx and SkinScience Labs into what will become Availa Bio. Those wishing to attend can call (844) 602-0380) in North America or (862) 298-0970 internationally and use the verbal passcode “PBI first quarter 2020.”

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) said that it has appointed experienced finance industry professional Tricia Kaelin as the company’s new chief financial officer. The Vancouver-based vertically-integrated cannabis company said that as a “CPA with extensive CFO experience” across a variety of industries - including cannabis - Kaelin has joined the management team to help guide profitable growth. The company thanked former CFO Stephen Radusch for his contributions. Kaelin has over 25 years of financial management, strategic planning, accounting, and public company financial reporting experience.

Humanigen Inc (OTCMKTS:HGEN) bolstered its leadership team with the addition of three new executives, it reported Tuesday. The California-based biopharmaceutical company has appointed Dale Chappell as chief scientific officer, David Tousley as chief accounting and administrative officer, corporate secretary and treasurer and Omar Ahmed as senior vice president, clinical, medical and scientific affairs. The appointments provide Humanigen with both continuity and bench strength as the firm advances work on lenzilumab, which is being investigated as a potential treatment for cytokine storms caused by the coronavirus infection.

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) on Tuesday updated shareholders on developments related to the ALSET Innovation Ltd technology partnership. Upon execution of the definitive agreements expected shortly, the ALSET technology partnership will hold exclusive rights to license US-patented electricity generation and electric motor technology and exclusive rights to market the technology in the EU. Hillcrest, based in Vancouver, is currently developing plans to monetize its licensing and marketing rights under the agreements, closely supported by the inventor and intellectual property (IP) owner. In a statement, the company said the immediate priority is to develop a detailed technical understanding of this innovative technology, including current patents and other IP, which is the basis for ALSET's licensing and marketing agreements.

Nemaura Medical Inc (NASDAQ:NMRD) announced Tuesday that it has submitted a Premarket Approval (PMA) application to the US Food and Drug Administration for its sugarBEAT continuous glucose monitor. sugarBEAT is designed to help people with diabetes monitor and track their glucose profiles as a supplement to finger prick testing. In the case of Type 2 diabetic population, which the company says is its initial target, sugarBEAT can help manage or potentially reverse diabetes by keeping users better informed about their glucose profiles.

Calyxt Inc (NASDAQ:CLXT), a plant-based technology company, has named board member Yves Ribeill as its new chairman, replacing the outgoing André Choulika. Ribeill founded the biotechnology company SCYNEXIS Inc (NASDAQ:SCYX) and served as its CEO from 1999 to 2015. He currently heads Ribogenics Inc, an early stage R&D company. Ribeill replaces outgoing Chairman and co-founder André Choulika, who is stepping aside to focus on the clinical development activities of Cellectis, Calyxt’s parent company. Additionally, Calyxt appointed Laurent Arthaud, a member of Cellectis’ board of directors since 2011, to its board, as part of a deal between the companies.

MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) revealed that mining consultant SRK had recommended a C$525,000 work program to support a resource estimate at the firm's Heino gold deposit and Tillicum claims in British Columbia. It came as MGX reported that an NI 43 101 technical report had now been prepared by the consultant for the project. Among the work recommended by SRK was a re-logging and resampling of historical drill core and channel sampling of exposed mineralization within existing underground development.

Esports Entertainment Group Inc (NASDAQ:GMBL) has signed a definitive agreement to acquire LHE Enterprises Ltd, the holding company of online sportsbook and casino operator Argyll Entertainment AG and its operating subsidiaries. “Reaching a definitive agreement to complete our first acquisition as a NASDAQ company is a major milestone,” said Esports Entertainment CEO Grant Johnson in a statement. “Argyll CEO Stuart Tilly and CFO Dan Marks already joined our senior leadership team in June as Corporate Secretary and Chief Financial Officer, respectively. They are a great addition to our organization and will help us build on Argyll’s base of more than 100,000 registered users, placing us in a great position to grow revenue moving forward.”

 

 

Pure Gold Mining Inc (CVE:PGM) (LON:PUR), the mine developer, has posted encouraging results from underground drilling at its Red Lake mine project in Ontario, which shows the potential to expand the deposit in short order. The firm is building a mine at the site with the first gold pour on track for the fourth quarter this year. In June this year, the company launched an extensive 30,000 metre diamond drill program in a bid to "firmly establish growth and scalability" beyond the initial first phase of the mine plan.

NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF), a cryptocurrency payments technologies company, said Tuesday that it was excited to transition from the “development stage” to "revenue generation” as it filed its condensed interim financial statements for the fiscal first half of 2020. "I am very excited about this tidal change for our business, we are proving the thesis that cryptocurrencies can be more efficient and cost-effective for all types of transaction, we believe that these customers will be with us permanently, as we have proven superiority when compared to legacy financial services infrastructure," NetCents Technology founder CEO Clayton Moore said in a statement. For the six months ended April 30, 2020, the Vancouver-based digital payments specialist posted $102,061 in revenue, up 434% compared to $23,503 for the six months ended April 30, 2019.

O3 Mining Inc (CVE:OIII) (OTCMKTS:OQMGF) told investors that the latest drill results from its East Cadillac property in Val D’Or, Quebec, underline the exploration potential at the project. The property sits on the Cadillac Larder Lake Fault (CLLF) and surrounds the past-producing Chimo gold mine, which generated 379,000 ounces of the precious metal with an average grade of 4 grams per ton (g/t). The group's latest highlight drill assays included 46.4 g/t gold over 1.3 metres in a hole to the north of Nordeau East zone, which lies 1.7 kilometres east of the Nordeau West zone. Nordeau East is open in all directions and warrants follow up work, O3 said.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) announced Tuesday that it has entered into a non-binding letter of intent (LOI) to manufacture white-label CBD wellness beverages for influential US health and beauty brand Marianna Naturals Corp. Under the proposed definitive agreement in the LOI, BevCanna said it will become the exclusive Canadian manufacturing and distribution partner for Marianna's new line of CBD-based wellness beverages. BevCanna will manufacture the beverage line through its pending standard processing license, and the subsequent receipt of its sales license. Marianna will be responsible for national sales and marketing efforts to launch the product line in Canada. The white label agreement will be for an initial term of three years with a subsequent three-year renewal option.

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GLYXF) has reported more high-grade drill results from its Plomosas silver project in Mexico, which it said extends a gold-silver mineralized system for at least 1 kilometre. A silver, gold, lead, zinc underground mine previously operated at the site and the firm continues to review its potential, using historical drill data along with its own findings. Results reported on Tuesday hail from the San Juan-La Colorada area from 2018 -  one of six priority areas. The assays show silver and gold mineralized zones in a 600 metre (m) step out from previously released drill hole results at San Juan, supporting a model where both areas - La Colorada and San Juan - are part of a single significant epithermal system, the company said

Loop Insights Inc (CVE:MTRX) (OCTMKTS:VRZPF), a provider of artificial intelligence solutions, said Tuesday that it has made “a very strategic move” into the hospitality industry by striking a partnership with Omnivore, the leading software integrator in the sector. Revolutionizing the worlds of hospitality and retail, Omnivore connects a retailer's point-of-sale (POS) with new technologies. Omnivore's cloud-based platform enables a single integration through their Application Programming Interface (API), seamlessly facilitating the connections to POS systems. Vancouver-based Loop said that by utilizing its latest technology, Loop Cloud - an application programming interface cloud software - it has made a “strong strategic move” to partner with Omnivore. “Loop's integration with Omnivore's Connectivity Platform makes its services instantly available to hundreds of restaurant brands and POS companies,” the company noted.

Trillion Energy International Inc (CSE:TCF) (OTCMKTS:TCFF) said that an evaluation of its Zagros Basin Derecik oil property in Turkey has yielded “promising results.” The exploration licenses in the Hakkari area are nearby several producing oil fields in the Zagros Basin, which straddles the border of Iraq and Turkey. Trillion told shareholders that surface mapping, seismic interpretation and geological evaluation on the Derecik license determined the stratigraphy was identical to a number of producing fields in Iraq. Vancouver-based Trillion has a 100% interest in the Derecik licenses, which cover just over 42,800 hectares.

EuroLife Brands Inc (CSE:EURO) (OTCPINK:EURPF) announced Tuesday that it has closed a 5% equity stake in Farmhus GmbH, an outdoor hemp facility near Dresden, Germany. Farmhus owns more than 500 hectares of land available for hemp cultivation in the area, which is scalable to 2,000 hectares with an option agreement. It has roughly 110,000 kilograms of hemp biomass currently in storage and utilizes specialized machinery capable of harvesting 50 hectares per day. The hemp company’s 2020 two-year business plan estimates that the operation will generate more than €3 million (US$3.3M, or C$4.6M) from the sale of hemp oil, cosmetics and pet food in its first season of operation.

Endeavour Mining Corporation (TSE:EDV) (OTCQX:EDVMF) announced Tuesday that it has boosted its resource at the Le Plaque deposit on the Ity mine by 43%. The increase comes courtesy of the Le Plaque discovery on the property, where the indicated resource grew to 7.9 million tons at 2.7 grams per ton (g/t) gold for 689,000 ounces. An inferred resource stands at 800,000 tons at 2.1 g/t gold for 52,000 ounces. Le Plaque remains open at depth and in multiple directions and further resources are expected to be delineated, according to the mining company.

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) has reported "strong" drilling results from its Goldlund gold project in Ontario, which it said underscores potential to expand the deposit. In early June, the group announced a deal, which sees the group's Goldlund asset combine with the adjacent Goliath project owned by Treasury Metals Inc (TSE:TML) (OTCQX:TRSMF). Goldlund already houses 809,200 ounces of indicated gold and 876,954 ounces of inferred, while Goliath has a nearly 1.2 million-ounce resource.

Newgioco Group Inc (NASDAQ:NWGI) has said its subsidiary, Virtual Generation (VG) has signed a content distribution agreement with EveryMatrix NV, a global content integration provider. The company said VG will deliver its portfolio of virtual sports content through Newgioco’s Odissea sub-processors to distribute through EveryMatrix’s large network of operators on their CasinoEngine platform. The deal is expected to expand the reach of VG products to online sportsbook and casino operators in roughly 120 countries. Virtual Generation prides itself on creating unique, regionally focused virtual sports games. It has established distribution channels in Colombia and other countries in central and South America.

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) revealed Tuesday that it has begun screening patients for enrolment in a Phase 2 clinical study of its NP-120 drug (Ifenprodil) as a potential treatment for patients with a type of lung disease called idiopathic pulmonary fibrosis (IPF), which results in scarring of the lungs, and chronic cough. The Vancouver-based clinical-stage pharmaceutical development company said there are five sites participating in the study with three located in Australia and two in New Zealand. All five sites have received ethics approval and have successfully completed their site initiation, the company said. Algernon has decided to investigate Ifenprodil for both IPF and chronic cough after conducting several animal studies that showed the drug’s superior activity when compared with current standard treatments and a leading Phase 3 drug.

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) announced Tuesday it will supply its InfernoAR video conferencing and virtual events platform to the National Association of Medicaid Program Integrity and the National Association of Medicaid Directors. The company’s InfernoAR platform is capable of hosting large-scale events of up to 1 million people with virtual lobbies, live presentations and custom holographic product displays. NexTech said it will work in partnership with ARB Meetings and Events LLC to bring the platform to the two Medicaid associations.

Klondike Gold Corp (CVE:KG) (FRA:LBDP) (OTCPINK:KDKGF) has told investors that the previously reported three phases of diamond drilling at its Klondike District Property in the Yukon have now been completed and should help the firm assess potential mine configurations. The firm said 13 holes were completed at the Lone Star Zone, compared to nine planned. Samples have been submitted with results expected this month. The Phase 2 drill program targeting the Stander Zone is also complete, with five holes sunk, while the third phase of drilling targeting Stander Zone extensions with four holes is also finished. Assays are expected to follow the release of Lone Star Phase 1 results.

Auryn Resources Inc. (TSX:AUG) (NYSEAMERICAN:AUG) said it has secured the conversion of a 2019 bridge loan by the holder into common shares, thereby leaving the group debt-free.  As a result, the company said it will issue a total of 1,952,084 common shares to the lender at a price of C$1.60 per share in accordance with the loan amendment that was completed on February 6, 2020. From that total, 1,875,000 shares will be issued for the $3 million principal loan and 77,084 shares will be for $123,334 of interest that accrued at a rate of 10% per annum up to the date of the loan amendment. The balance of the interest on the loan, that accrued at a rate of 5% per annum, will be paid to the lender in cash.

Bioasis Technologies Inc. (CVE:BTI.V) (OTCQB:BIOAF), a pre-clinical, research-stage biopharmaceutical company developing its proprietary xB3 platform technology for the delivery of therapeutics across the blood-brain barrier and the treatment of central nervous system disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases, announced that it has granted stock options to acquire a total of 1,495,000 common shares effective June 30, 2020, at a price of $0.31 per share to directors and officers of the company. All of the options expire five years from the date of the grant and are governed by the terms of the company’s stock option plan, and are being issued as part of annual remuneration, the group added.

The International Speculator has said 'buy' Renaissance Gold Inc. (CVE:REN) at 38 cents, officially, 'buy' up to 40 cents, in its June 24, 2020, issue. The newsletter said that there have been a couple of big items for Renaissance over the last few weeks. Firstly, the company was notified by partner AngloGold Ashanti of its intent to complete its option on the Silicon project in Nevada. That means the major miner will pay Renaissance $2.4 million, substantially strengthening the company's cash reserves. It believes this also confirms rumours that AngloGold is onto a major gold discovery at Silicon, as the major would only pay the $2.4million if it felt the project was looking good. It added that Renaissance keeps a 1% royalty on Silicon, and royalties like this, on promising projects, are becoming increasingly valuable in today's markets. On June 10, 2020, Renaissance and Evrim Resources also unveiled a plan to merge on a somewhat dilutive 50:50 basis, the newsletter noted.

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