NA Proactive news snapshot: Marrone Bio, Co-Diagnostics, Tetra Bio-Pharma, Gatling Exploration 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

Marrone Bio Innovations Inc (NASDAQ:MBII), a plant health solutions company, announced Monday the appointment of Lara Lee to its board of directors. Lee currently serves on the boards of Organically Grown Company, a progressive organic produce distributor with international sourcing operations, and The Sill, a direct-to-consumer retailer of house plants. She served for five years as an officer and senior vice president at Lowe’s Companies Inc (NYSE:LOW), where she helped lead the company’s omnichannel digital brand transformation. She was also president of its Orchard Supply Hardware subsidiary.

Co-Diagnostics Inc (NASDAQ CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced Monday that following the discovery of an incorrectly recorded expense in the period ending June 30, 2020, management will be amending its June 30, 2020 Form 10-Q by filing Amendment No 1 on Form 10-Q/A with the Securities and Exchange Commission to show an increase in basic and diluted net income per common share of $0.08 as of and for the three and six months ended June 30, 2020. The increased net income per common share will be $0.51 as reflected in the amended 10-Q, which the company plans to file prior to the filing of its quarterly report on Form 10-Q for Q3 2020. 

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB: TBPMF) announced that it has acquired 14.625 million shares of Mondias Natural Products Inc (CVE:NHP) on October 27, 2020. The shares were purchased in connection with the previously-announced divesture of Tetra's former subsidiary, Lumiera Health Innovation Inc., pursuant to which Mondias has acquired all of the common shares of Lumiera for a purchase price of C$1.3 million. The acquisition represents approximately 14.8% of the issued and outstanding shares of Mondias following the closing of the Lumiera transaction. Tetra said it did not hold any shares of Mondias before the Lumiera transaction date.Tetra Bio-Pharma added that it acquired the Mondias shares for investment purposes and may acquire more shares, or dispose of its holdings, at a future date. Mondias Natural Products specializes in the commercialization and development of botanical products for the healthcare and bio-agricultural sectors.

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) (FRA:G28) revealed that director Jason Billan will step up to the role of chief executive and president of the company, while Nav Dhaliwal moves to the role of executive chairman. Billan is a seasoned strategy and corporate development professional with an accelerating career in the mining industry, said Gatling, which is focused on advancing its Larder high-grade gold project in Northern Ontario. 

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) said Monday it found more areas of nickel mineralization outside of the current defined resource area at the Tamarack project in Minnesota. The company told shareholders that a new drill hole approximately 350 metres outside of Tamarack’s resource area in the CGO East area intersected shallow nickel mineralization, indicating a new zone. Results from the drill hole included 2.6 metres of massive sulphide mineralization starting at 242.8 metres within a larger mineralized interval of 21 metres, from 234.6 metres to 245.6 metres.

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF), a vertically-integrated cannabis consumer packaged goods company, announced on Monday that it will close a non-brokered private placement for C$918,720 this week to raise working capital and refocus the firm’s business strategy on its core market of Nevada. The Vancouver, British Columbia-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720. The company said each unit consists of one share and one transferable share purchase warrant. Each warrant entitles the holder to buy one share at an exercise price of C$0.106 per unit for a period of 18 months from the closing date.

AIM ImmunoTech Inc (NYSEAMERICAN:AIM) announced Monday that data has been published detailing how its drug Ampligen could have a considerable impact on people living with myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS) when administered in the disease’s early stages. Ampligen substantially improved physical performance in a subset of ME/CFS patients, the company said, and an analysis of Exercise Treadmill Testing (ETT) data showed a subset of patients with at least a two-fold increased exercise response to the drug. Ampligen as a treatment for ME/CFS has major implications for the coronavirus (COVID-19) pandemic, the company said, as many survivors of the first SARS-CoV-1 epidemic in 2003 continued to report classic chronic fatigue-like symptoms after recovering from the acute illness.

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) on Monday said it ended its third quarter of 2020 with working capital of $44.7 million, a 17% increase from its second quarter. In a statement highlighting the 3Q results ended September 30, the leading uranium producer in the US said its working capital included $28.1 million in cash and marketable securities plus $25.6 million of concentrate inventory and work in progress. Also included is 663,300 pounds of uranium concentrates valued on the company’s balance sheet at $23.72 per pound and 1,672,000 pounds of vanadium valued on its balance sheet at $5.11 per pound -- both in the form of an immediately marketable product. Energy Fuels noted that as of October 23 the spot price of uranium was $29.70 per pound and the mid-point spot price of vanadium was $5.35 per pound, which places a current market value on our concentrate inventories of about $28.6 million. As a result of existing inventories and planned production, the company said it expects to have between 670,000 and 700,000 pounds of finished uranium and 1.672 million pounds of finished vanadium in inventory at the end of 2020.

Metalla Royalty & Streaming Ltd (CVE:MTA) (NYSE American:MTA) provided an update on its Wasamac gold project royalty and Camflo property royalty located in the Abitibi region of Quebec. Metalla noted that Yamana Gold Inc (TSE:YRI) has announced an agreement to acquire Monarch Gold Corporation (TSE:MQR) in a stock-and-cash transaction valued at approximately C$152 million. Metalla owns a 1.5% Net Smelter Return royalty, with a buy-back right of 0.5%, for $7.5 million on the Wasamac Project and a 1.0% Net Smelter Return royalty on the Camflo Property. “Wasamac has existing proven and probable mineral reserves of 1.8 million ounces of gold at 2.56 g/t in one of the most prolific gold trends in the Abitibi region of Quebec, located approximately 100 kilometers from their 50%-owned Canadian Malartic mine, which produced nearly 670Koz of gold in 2019 …  Yamana is a well-capitalized major producer with technical and geological expertise that will provide the Wasamac project a clear path to production with the potential for future discoveries,” CEO Brett Heath said in a statement.

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCQB:NSPDF) announced the appointment of Larry Gilmour to its board of directors. Gilmour has extensive sales and marketing experience with brands such as Libby's (Libby, McNeil and Libby), Playtex Corp., and Black and Decker. His track record also includes time with Independent Pharmacist Inc., where he was instrumental in increasing sales 10-fold from C$2 million to $22 million in just four years. "Larry's unique skillset that combines sales & marketing with hands-on experience in the grocery trade will be of significant benefit as we expand our presence in this space with our latest offering, NATERA Plant Based Foods,” Naturally Splendid CEO J. Craig Goodwin said in a statement.   

Sanatana Resources Inc (CVE:STA) has inked a definitive deal to sell its 1% Watershed property royalty to Ely Gold Royalties Inc (CVE: ELY) (OTCQX: ELYGF), which, the firm says, will improve its liquidity and enable the group to accelerate exploration. Sanatana got its hands on the royalty after an asset purchase agreement between it and Trelawney Augen Acquisition Corp, now known as IAMGOLD Corp NYSE:IAG), in 2016 whereby IAMGOLD acquired a 100% interest in 46 mining claims in Chester and Yeo Counties in the Canadian province. The Watershed asset surrounds IAMGOLD Coté gold project in Ontario, which is a joint venture between IAMGOLD  and Sumitomo Metal Mining Company. Sanatana said it will sell the royalty to Ely Gold for C$2.5 million in cash and 1 million Ely Gold warrants, which will have a five-year term and an exercise price of C$1.31 a share.

BevCanna Enterprises Inc (CSE:BEV) (OTCQB:BVNNF) (FRA:7BC) announced on Friday that it has moved to the final review stage for a Standard Processing Licence from Health Canada. The Vancouver-based infused cannabis beverages giant said it submitted its Site Evidence Package to Health Canada on June 22 this year. It has now received confirmation from Health Canada that the Site Evidence Package has been assigned for final active review. Once the company receives the licence, BevCanna said it will be fully authorized to begin production at its industry-leading high-capacity beverage manufacturing facility and expects to begin servicing its white label clients and commercializing its in-house brands through licensed Canadian retailers this winter.

AEX Gold Inc. (LON:AEXG) (CVE:AEX), an independent gold company with a portfolio of gold licences in Greenland, has said it continues to make good progress at the fully-funded Nalunaq Project in South Greenland. The company noted that significant work has been completed on key work streams since the group's successful AIM listing in London and fundraising in July 2020. The project remains on track, with workstreams progressing in line with management expectations, the group added. In a statement, Eldur Olafsson, CEO of AEX, commented: "I am pleased to report on the significant progress that we have made as a team over the past few months since the AIM listing. The commitments we have made already to the project around the camp facilities and the front-end engineering are crucial steps in securing the project timeline.”

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) is set to sell its Pura Vida and Purefarma brands in the province of Saskatchewan after receiving a first order from the Weed Pool Cannabis Co-operative there. The latter is a co-operative of independently-owned cannabis retailers in Saskatchewan and represents more than 50% of licensed cannabis sales in the province.

Mind Medicine Inc (NEO:MMED) (OTCQB:MMEDF) (FRA:MMQ), a psychedelic medicine biotech company, has completed a Phase 1 study on the acute dose-dependent effects of LSD in partnership with University Hospital Basel's Liechti Lab in Switzerland. The completed study will help MindMed in dose-finding and the planning of future Phase 2 clinical trials of LSD in patients with anxiety disorders and other medical conditions, the company said. 

Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1), the Australia-focused gold miner, said it was 'excited' to have made another discovery of coarse gold at its Beta Hunt mine. An estimated 2,000 ounces of the yellow metal have been hit during underground development at the mine, which is near to a previous coarse gold find and also near to the Father's Day vein discovery in 2018. The miner noted, however, that this estimate should be considered as plus 10% to minus 25% in terms of accuracy. "As we have previously stated, we do not include coarse gold in our reserves, nor do we incorporate it into our mine plan. While these occurrences are certainly welcome, they are best considered as a potential periodic significant bonus on top of our ongoing economic mine production at the base reserve grade," explained CEO Paul Andre Huet to investors.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) said Monday it has sold a CO2 Delivery Solutions system to an Ontario Access to Cannabis For Medical Purposes (ACMPR) cannabis producer. The customer chose to forego a commercial feasibility and based the purchase on GROW's previous plant science data and a customer recommendation, GROW said in a statement. 

Empower Clinics Inc (OTCMKTS:EPWCF) (CSE:CBDT) (FRA:8EC), one of the largest operators of medical health and wellness centers in the US, shared a promising outlook for next year as it updated investors on the firm’s recent initiatives, which had taken a firm hold and were flourishing. In a statement on Monday, Empower Clinics CEO Steven McAuley said: "Our company is rapidly evolving into providing an integrated healthcare experience that spans from testing to treatment by combining cutting edge technologies including telemedicine and state-of-the-art lab testing.”

Ipsidy Inc (OTCQB:IDTY) announced Monday that CEO Phillip Kumnick has been appointed the group's chairman to succeed Philip Beck, who is retiring from the board. Kumnick joined the board in November 2019, following a career of over 30 years as a senior executive in the payments industry. In May 2020, he was appointed CEO and deputy chairman of the board.

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) announced a couple of new executive appointments on Monday with the addition of Leanne Hall to its board of directors and Richard Huang as vice president, corporate development.  New board member Hall is CEO of Creative Fire and she led Deloitte’s Indigenous practice, which served over 275 communities across Canada. She was also a director for the Canadian Council for Aboriginal Business and is a current member of the board of governors at Wilfrid Laurier University in Kitchener, Ontario.

Thoughtful Brands Inc (CSE:TBI) (FRA:1WZ1) (OTCQB:PEMTF) has announced that Geoff Balderson has been appointed chief financial officer.  Balderson has over 20 years of capital markets experience, having worked for both private and public corporations. He is a senior officer and director of several TSX Venture Exchange and Canadian Securities Exchange-listed companies.

Gold Resource Corporation (NYSEAMERICAN:GORO) has confirmed its CEO Jason Reid will host a conference call on Tuesday, November 3, 2020, at 11.00am. Eastern Time. Topics of discussion will include third-quarter results, an update on current operations and the company’s intent to spin-off its Nevada Mining Unit to shareholders. Following the CEO's opening remarks, the company will host a live question and answer (Q&A) session. To join the conference in a “listen-only” mode via webcast, please click on the following link: https://www.webcaster4.com/Webcast/Page/2361/38292. For listen-mode with Q&A access by dial-in: Toll Free: 844-407-9500; International: 862-298-0850. The conference call will be recorded and posted to the company’s website.

American Manganese Inc. (CVE:AMY) (OTCPINK:AMYZF) (FRA:2AM) announced the closing of a second tranche of its non-brokered private placement for $572,333.60 comprised of 2,861,668 units of the company. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable for one share at a price of $0.30 per share for the two years following the issuance Finder's fees payable for this tranche total $5,600 cash. All securities issued under the private placement, including this second tranche, are subject to a four-month hold period. As previously announced, the company is conducting the private placement to raise gross proceeds of up to $2,000,000. To date, the company has raised $756,850.45 in the first tranche and $572,333.60 in the second for a total to date of $1,329,184.05.

Clean Seed Capital Group Ltd (CVE:CSX) said that further to its news releases of August 7, 2019, and May 12, 2020, the company has extended the expiry date of 1.98-million-share purchase warrants exercisable at 50 cents and the maturity date of the related promissory note to January 31, 2021. The proposed extension of the warrants is subject to the approval of the TSX Venture Exchange. All other terms and conditions of the warrants and promissory note remain unchanged.

Byrna Technologies Inc. (OTCQB:BYRN) (CSE:BYRN) has announced the granting of restricted stock units (RSUs) to Bryan Ganz, its chief executive officer and other key employees, and the granting of restricted stock to directors as partial compensation for services rendered upon the expiration of their current terms on November 19, 2020. "We are pleased the Board has implemented the new 2020 Equity Plan," commented Ganz. "The variety of compensation options afforded under the plan better positions us to attract and retain high-quality personnel and incentivize them by aligning their interests with the interests of our shareholders in increasing long term shareholder value." The company also announced that it has notified holders of 1,140,000 outstanding warrants issued October 22, 2018, that it is exercising its early termination rights under a provision in the warrants allowing for their termination if, after the passage of two years the stock price closed above US$0.35 for twenty consecutive trading days. The exercise of the warrants is expected to generate proceeds of up to $285,000 for the company in the quarter ending November 30, 2020.

The Flowr Corp (CVE:FLWR) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on October 26, 2020, which will see the issue of 2,884,615 common shares at a purchase price of 52 cents per share, together with 2,884,615 share purchase warrants at an exercise price of 76 cents for a period of three years, with one placee.

QC Copper and Gold Inc. (CVE:QCCU) has issued a technical webinar on its flagship Opemiska Copper Mine Complex. The 11-minute webinar is hosted by QC's VP Exploration Charles Beaudry who details his thesis on the unique geology of Opemiska, and how the company plans to take advantage of this favourable geology via its planned 20,000 metres drilling in 2021. The webinar's agenda is as follows: QC Copper & Gold:  Opemiska's Potential; Q1 2021 Drill Program on Springer & Perry Mines to define Open Pit Potential; Potential of the Cooke Mine (Gold) – A New Interpretation; Review of 2021 Drilling and Work Plans. It can be accessed via the following link: https://www.youtube.com/watch?v=R5qPmyNxFOY&feature=youtu.be

Duos Technologies Group, Inc. (NASDAQ:DUOT), a provider of intelligent security analytical technology solutions, has said it will hold a conference call on Thursday, November 12, 2020, at 4.30pm. Eastern time to discuss its financial results for the third quarter ended September 30, 2020, which will be issued via press release prior to the call. Duos Technologies management will host the conference call, followed by a question and answer period. Call details: US dial-in: 877-407-3088; International dial-in: +1 201-389-0927; Confirmation code: 13712203. The conference call will be broadcast live via telephone and available for online replay via the investor section of the company's website here: https://ir.duostechnologies.com/

CleanSpark, Inc. (NASDAQ:CLSK), a diversified software and services company that focuses on software for Microgrid Modeling and Controls will be participating in the Water Tower Research Virtual Conference and Fireside Chat Series on Tuesday, November 3, 2020, at 3.00 pm ET. Topics covered by the CEO, and moderated by Shawn Severson, Head of Sustainable Investing at Water Tower Research, will be centered around the company’s technology innovation in microgrid control optimization for cost savings and resiliency.  It will also address recent funding and growth of the company thru sales and product development and acquisition. During this fireside chat, Bradford will share how CleanSpark is strategically poised to take advantage of the large growth opportunity with the increase in demand for Microgrid solutions including Solar PV and Energy Storage. The discussion will also analyze the strategy behind CleanSpark’s Energy-as-a-Service initiative as well as the benefit provided by recent acquisition of GridFabric which creates OpenADR software solutions for Demand Response compliance. Investors interested in participating in this event must register using the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1394269&tp_key=718ac75801

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for over 11,000 US and global securities, has announced that Lleidanetworks Serveis Telematics S A  (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF), an eSignature operator based in Madrid, Spain, has qualified to trade on the OTCQX Best Market. "We are pleased to welcome Spain'sLleida.net to the growing roster of international companies that trade on OTCQX, said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group. "The OTCQX Market offers qualified global companies efficient, cost-effective access to the US capital markets without the burdensome SEC registration requirements or the need to change their financial reporting and disclosure."  Sisco Sapena, CEO and founder of Lleidanetworks added: "Trading on the OTCQX Market is a key step in our journey to make Lleida.net a truly global company. We believe that OTCQX will allow US investors to know and invest in Lleida.net and the eSignature industry and are very confident in the performance we will observe in the American market."

CytoDyn Inc (OTCQB:CYDY), the biotech group, announced that its CEO and president Nader Pourhassan, chairman, chief medical officer and head of business development Scott Kelly, and chief scientific officer Mahboob Rahman will host an investment community webcast on Thursday, November 5 this year at 1pm PT / 4pm ET to update on recent clinical and regulatory developments regarding COVID-19 and other indications for leronlimab. This is a 'listen only' webcast, which can be accessed via CytoDyn’s corporate website at www.cytodyn.com under the Investors section/IR Calendar and will be archived for 30 days. Management will provide around 30-45 minutes to address questions submitted online by analysts and investors.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


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 Sanatana Resources Inc. named herein, including the promotion by the Company of Sanatana Resources Inc. in any Content on the Site, the Company...


Candelaria Mining executives eyeing to get Pinos Project Mine back into...

Candelaria Mining (CVE: CAND- OTC: CDELF) CEO Mike Struthers and Non-Executive Chairman Dr. Neil O’Brien joined Steve Darling from Proactive to provide an update on their arrival to the company which has just happened. Struthers giving an overview of where the company is at and what the plan for...

2 days, 6 hours ago

18 min read