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NA Proactive news snapshot: Karora Resources, American Manganese, Idaho Champion Gold Mines Canada, MedX Health, Lingo Media UPDATE ...

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

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Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) announced voting results of its annual meeting of shareholders held today. The nominee directors listed in Karora's management information circular dated May 7, 2021: Peter Goudie; Scott Hand; Paul Huet; Wendy Kei; Warwick Morley-Jepson; and Chad Williams, were elected as directors. The resolution to reappoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the corporation to hold office until the next annual meeting of shareholders and to authorize the directors to fix the remuneration to be paid to the auditors was approved by 99.85% of the votes cast on the resolution. 

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) announced that at its annual general meeting of shareholders held on June 9, 2021, all resolutions proposed to shareholders were duly passed, including the re-election of Larry Reaugh, Andris Kikauka, Edward Skoda, Norman Tribe, Kurt Lageschulte and Zarko Meseldzija as directors. DeVisser Gray LLP, Chartered Professional Accountants, was appointed as the company's auditors for the ensuing year and the number of stock options available for grant was increased to equal 20% of the company's issued and outstanding shares as of the meeting's dates.

Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCQB:GLDRF) (FRA:1QB1) will hold its virtual Annual General Meeting (AGM) next week on Tuesday, June 15. The formal portions of the AGM will begin at 2pm EST. All investors are invited to attend a presentation concluded by a question-and-answer featuring CEO Jonathan Buick. "Following the formal portion of this year's AGM, I will be summarizing our successful (and busy) exploration activities in 2020 and highlight where we are focused for the remainder of 2021. This will include details on our recently announced 8,000 metre drill program which will begin this summer at Champagne. As a company, we encourage investors to participate to better understand the exciting potential for the company," said Buick in a brief statement. All information, the company said, related to the AGM can be found HERE.

MedX Health Corp (CVE:MDX) has announced the closure of an agreement to redeem an existing $500,000 secured loan through a non-brokered private placement of 10 convertible debenture loan notes, each valued at $50,000. The $50,000 notes will be held by the same accredited investor. In February, the Ontario-based medical device and software firm specializing in skin conditions issued similar notes that gather 6% annual interest, payable quarterly.

Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) (FRA:LIMA) announced that its educational technology subsidiary, ELL Technologies Ltd, has been rebranded and will now be known as Everybody Loves Languages, in order to reflect the way the company has grown and expanded in recent years. Everybody Loves Languages, with more than two decades of expertise in language education, uses state-of-the-art technology to deliver personalized learning experiences in classrooms and online. 

Playgon Games Inc (CVE:DEAL) (OTCQB:PLGNF) (FRA:7CR) has released a corporate update, revealing that since its virtual Vegas Lounge opened in May, more than 6,000 unique visitors made over 220,000 bets using the company's live dealer technology. As of the second quarter of 2021, Playgon had signed agreements with Intelligent Gaming, Swintt and Solid Gaming and successfully onboarded six operators that have begun generating revenue with Vegas Lounge. In addition to the six operators that have onboarded with Playgon, the company said it has another 23 committed operators and aggregators that it expects to go live early in the third quarter. This includes the recently announced partnership with Solid Gaming, a division of Gamesys Group.

Deep-South Resources Inc (CVE:DSM) (OTCMKTS:DSMTF) has reported more encouraging results from the current 10,000 metre (m) drill program at its Haib copper project in southern Namibia. The latest assays come from three holes (for over 684m) sunk in the central mineralized portion of the deposit at the Pit 2 target, and all hit mineralization from bedrock or near bedrock surface. "We continue to have success with our active drill program identifying thick, higher-grade zones. We are consistently intercepting significantly higher grades than the average grade of our  NI 43-101 indicated resource that stands at 0.31% copper," said Pierre Léveillé, the CEO of Deep-South in a statement.

Safe-T Group Ltd (NASDAQ:TASE) (NASDAQ:SFET) announced that its wholly owned subsidiary, Safe-T Data AR Ltd, has partnered with ELCA Informatique SA (ELCA), the largest independent IT and cybersecurity consultancy company in Switzerland, to expand its global presence. ELCA will offer Safe-T’s solutions to its enterprise customers in various sectors, including financial services, defense, energy and healthcare. Safe-T’s ZoneZero family of zero-trust network access (ZTNA) solutions will be offered as an on-premises deployment or as a cloud service to protect the enterprise customers’ critical and sensitive data, the company said.

Soma Gold Corp (CVE:SOMA) (OTCMKTS:SMAGF) has registered another positive quarter reporting that its 1Q revenue for 2021 reached $9.75 million. The precious metals company also generated an EBITDA of $3.16 million and an adjusted EBITDA of $3.22 million over the same period. The Colombia-focused junior owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tons per day (tpd). A project update for numerous sites and targets was also included in the first quarter statement.

Harvest One Cannabis Inc. (CVE:HVT) (OTCQB:HRVOF) said it has reached agreements for US market expansion of its retail distribution footprint with five major National key account partners from Virginia, Arizona, Massachusetts, North Carolina and Montana. The company said this further contributes to its growth and brand expansion initiatives strategy for 2021, with Harvest One continuing to focus on the distribution expansion of Dream Water within the North American market. It noted that recent partnerships with five major retailers will see Dream Water available in an additional 11,000 retail locations within the US market, with each of these partnerships providing unique product placements that will focus on brand awareness and product trial.

Golden Tag Resources Ltd (CVE:GOG) (OTCQB:GTAGF) has announced the complete results from diamond drill hole 21-56A, part of a program targeting bulk-tonnage mineralization on its 100%-owned San Diego silver project in Mexico. "These drill results are very encouraging, proving our concept that the large bulk tonnage underground targets are prime for expansion,” said Golden Tag CEO Greg McKenzie in a statement. “The mineralization drilled in hole 56A has resulted in (1) a 63 m (~25%) extension of the Fernandez Zone mineralization located on the SE boundary and (2) the expansion of the Trovador SZ down dip 335 m, along with a 19% improvement in grade over the initial discovery in hole 11-42. The TSZ is now our second sizable underground bulk tonnage target, and the current exploration program has outlined a total vertical extent of over 550 m in this zone, commencing approximately 200 vertical m above the Fernandez Zone. The proximity between these two zones gives the potential of future shared underground access and infrastructure.”

Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) announced its vision technology products are being used by the John McEnroe Tennis Academy. Founded by tennis Hall of Famer John McEnroe, the academy’s training camps are specifically designed for players competing in or striving to compete in USTA Sectional, USTA National and ITF tournaments, and those interested in playing high-school tennis, college tennis and beyond. In a statement from Binovi, the program’s vision training doctor Anne Hanna said that the technology is “excellent for peripheral vision, saccadic eye movements, fine motor, and cognition.”

Amarillo Gold Corporation (CVE:AGC) (OTCQB:AGCBF) has amended its property agreement with IAMGold Corporation (NYSE:IAG) while acquiring an additional exploration concession for its Lavras do Sul Project in Brazil. The company said its total consolidated land position for Lavras do Sul is now 22,278 hectares (ha).

Esports Entertainment Group Inc (NASDAQ:GMBL) announced that its Helix eSports gaming center division has struck a multi-channel partnership with gaming glasses provider GUNNAR Optiks. The North Bergen, New Jersey-based esports and online gambling company said the partnership will see Helix eSports facilities pilot a center-based, retail experience for GUNNAR's gaming and computer glasses, which will become a marketing partner across all Helix properties and programming.

Marvel Discovery Corp (CVE:MARV) (OTCPINK:IMTFF) (FRA:O4T1) has acquired an additional 274 claims totaling 6,850 hectares (ha) within the highly prospective Gander Zone area. The company said these new claims are located 10 kilometers (km) north of the recently announced Gander South claim group. It added that this new acquisition now comprises 17,100 ha and is collectively termed the Gander South Project. 

LexaGene Holdings Inc (OTCQB:LXXGF) (CVE:LXG) (FRA:5XS2) told investors that it successfully utilized its MiQLab System to detect the presence of a slow-growing bacterium, responsible for millions of dollars of damages to biopharmaceutical manufacturers. “We are pleased to announce that LexaGene completed a study on C. acnes using the MiQLab System,” VP of Applications and Bioinformatics Nathan Walsh said in a statement. “In this benchmark study, C. acnes was diluted in media down to extremely low levels (below the limit of detection) and cultures were grown for 24 hours to mimic growth in a bioreactor.

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) announced a blockbuster new high-grade silver intersection from the La Colorada vein on its Plomosas silver project. The company intersected 9 metres (m) at 946 grams per ton (g/t) silver equivalent from 170m, including 0.65m at 10,777 g/t silver equivalent from 176.9m. Other highlights included 6.9m at 467 g/t silver equivalent from 29.6m, including 2.1m at 1,306 g/t from 32.3m, and 2.1m at 492 g/t silver equivalent from 66.8m.

Nextech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) said it and its educational partner, Ryerson University, have been jointly awarded a grant by the government of Ontario to create an augmented reality (AR) experience for post-secondary students. As part of the eCampusOntario initiative, the Toronto-based tech company will receive $150,000 from the government of Ontario’s $50 million Virtual Learning Strategy (VLS). The capital will be used to build out Ryerson’s Augmented Learning Experience (RALE) which was first announced in July 2020.  

Infield Minerals Corp. (CVE:INFD) has announced that subject to TSX Venture Exchange and all other regulatory approvals, it has retained Integral Wealth Securities Ltd. to provide ongoing strategic advice and support services regarding Infield's ongoing capital market activities. Under the terms of the agreement, Integral will perform general capital market and advisor support services, with a focus on maintaining active and orderly trading in the markets for Infield's securities. In conjunction with the services rendered by Integral, Infield will pay to Integral a monthly cash fee of $6,000 with a term of 12 months from the date of execution of the agreement. Infield Minerals also announced that it has granted a total of 400,000 incentive stock options to certain directors and consultants of the company. The options have an exercise price of $0.40 per share and expire in 5 years.

Willow Biosciences Inc (TSE:WLLW) (OTCQX:CANSF) (FRA:3D7) has entered into a multi-year deal with UK consumer products manufacturer Cellular Goods PLC (LON:CBX) (FRA:6XS) to supply biosynthetically-derived cannabigerol. Cellular Goods will use Willow’s ultra-pure cannabigerol in its premium cannabinoid-based skincare products that are slated to launch later in the year. In a statement, Willow said it expects to ship the first batch of its cannabigerol, or CBG, which is expected to arrive in the UK in July. 

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN), a leading supplier of smart glasses and augmented reality (AR) technology, has announced its market expansion to support the NextAR surgical AR platform developed by Medacta International, one of the world’s largest providers of orthopedic products. Having used the Vuzix Blade to complete the first smart glasses-based total knee replacement in the US in 2020, Medacta recently received its CE marking for knee, shoulder, and spine applications for its NextAR Augmented Reality Surgical Platform in Europe. A CE Mark indicates that a product fulfills the requirements of relevant European product directives. In addition, the US Food and Drug Administration (FDA) has also cleared the platform’s shoulder application.

African Gold Group Inc (CVE:AGG) (OTCMKTS:AGGFF) (FRA:3A61) has updated investors on the progress of its corporate social responsibility (CSR) projects during the first quarter of this year in the Kobada region in Mali, which have included the rehabilitation of a key crossing on the Niger river. The firm is advancing its Kobada gold project towards a mine, targeting production of 100,000 ounces a year by the second quarter of 2022. The Samaya river crossing is a major access route from Mali's capital Bamako to the mine site and every year crossing points become flooded. Now, substantial improvements to the road and a fully concreted ramp to the pontoon on the Samaya side is being constructed, said African Gold.

Spyder Cannabis Inc. (CVE:SPDR) has announced that its wholly-owned subsidiary, Spyder Cannabis Subco Inc. has received final approval from the Alcohol and Gaming Commission of Ontario (AGCO) to open its cannabis dispensary located at 776 Liverpool Rd., Unit 4, Pickering, Ontario, L1W 1S2. The company noted that Spyder Subco successfully completed its Pre-Store Opening Inspection with the ACGO and has now been granted permission to begin operating its second cannabis dispensary in Ontario under the SPDR Cannabis brand selling recreational cannabis products and consumption accessories.

Fobi AI Inc (CVE:FOBI) (OTCQB:FOBIF) announced it has signed a licensing agreement with CareSpace.AI, a digital health company, to bring its Fobi Wallet Pass to higher education facilities across North America. The Fobi venue management system will provide secure coronavirus (COVID-19) vaccination confirmation and validation, contactless registration, promotion, payment and more. Fobi Wallet pass technology, SmarTap and Insight portal solutions will be integrated with the CareSpace CampusPass platform.

Nova Royalty Corp (CVE:NOVR) (OTCQB:NOVRF) has reported that its Vizcachitas royalty investment project in Chile has received drilling approval from the country's Regional Environmental Committee. The copper and molybdenum property is owned and operated by Los Andes Copper (CVE:LA), while Nova Royalty owns a 0.98% net smelter royalty (NSR) on open-pit production and a 0.49% NSR on underground production from the San Jose 1/3000 claim.  Los Andes is now awaiting the rest of the required drill permits in order to advance to the pre-feasibility study (PFS) stage. In addition to the project update, Nova Royalty announced the appointment of Doug Silver as a new strategic advisor.

Orgenesis Inc (NASDAQ:ORGS) (FRA:45O) announced that enrollment has commenced for a clinical trial using the company’s Tissue Genesis Icellator in rotator cuff repair surgeries at the Hospital for Special Surgery (HSS) in New York. The Phase 2 trial, supported by the National Stem Cell Foundation and an Orthopedic Research and Education Foundation grant, will evaluate the safety and efficacy of autologous stromal and vascular fraction cells (SVF) that are injected after surgical rotator cuff repair. The Tissue Genesis Icellator will be utilized for the cell recovery process, the company said.

Golden Minerals Company (NYSEAMERICAN:AUMN) (TSE:AUMN) (FRA:7GB) reported initial results from its ongoing drill program at the Rodeo open pit mine in Mexico showing good grades and potential for expansion. Expansion drilling at the operating mine, located in Durango State, revealed positive results including 3.94 grams per ton (g/t) gold and 8 g/t silver at 14.7 metres (m), including 5.38 g/t gold and 9.8 g/t silver at 9.3m, according to a statement. 

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) said it has received an order worth US$180,000 on an existing contract with a California state agency, as part of the California Multiple Award Schedules (CMAS) agreement. Under the CMAS contract order, Plurilock will deliver Proofpoint software and maintenance support to the US state agency. The company said the contract demonstrates its ongoing efforts to provide local government organizations with quality cybersecurity solutions out of its California regional office.

Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) has announced the beta launch of its proprietary rewards platform through a Shopify app that empowers businesses running Shopify to promote their products, drive trial and conversion, and grow sales through prizing. The Versus prize-based advertising app allows Shopify partners to connect their stores to the Versus ad platform, where they can then offer their products, coupons, and product samples to audiences inside a wide variety of apps, games, and shows. The Versus engagement platform already works with several games, apps, streams, and live events, including the apps of multiple NFL, NHL, MLB, and NBA teams.

HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) announced the launch of key products through its wholly-owned subsidiary Probulin Probiotics LLC to Boots Ireland, the country’s leading pharmacy-led health and beauty retailer. The Denver, Colorado-based health and wellness company said that it is “pleased” to be offering its new EU-compliant Probulin products to Boots for the Ireland launch. The firm said the move establishes “a foundation” for more opportunities with retailers across Ireland, the UK and Europe. 

Green Battery Minerals Inc (CVE:GEM) (OTCMKTS:GBMIF) (FRA:BR2) announced the successful completion of the environmental gap analysis (EGA) report on its wholly-owned Berkwood graphite project in Quebec - a key step in preparing the environmental impact assessment (EIA) study, which would be part of the preliminary economic assessment (PEA). As reported in May this year, independent engineering consultant Norda Stelo was hired to carry out the gap analysis, which looks at social and environmental issues like soil, hydrogeology and groundwater quality.

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) announced it has joined the Cannabis Council of Canada (C3), a national membership organization representing Canadian cannabis producers and processors licensed under the Cannabis Act. Valens said as a C3 member, it looks forward to contributing to a variety of initiatives geared toward shaping the growth of the legal cannabis industry and its commitment to protecting public health and safety. 

NEO Battery Materials Ltd (CVE:NBM) (OTCMKTS:NBMFF) (FRA:1BC) told investors it has hired James Suk and Dr Andrew Fraser to act as advisors as the company bids to access non-dilutive funding from the Canadian federal and provincial governments. The pair will assist the lithium-ion battery materials focused-firm with applications for non-dilutive and non-repayable grants under a variety of programs, including Sustainable Development Technology Canada (SDTC) Research Grant, Clean Growth Program Grant, and provincial government grants.

KULR Technology Group Inc (NYSEAMERICAN:KULR) has named Greg Provenzano VP of sales and marketing, the company announced, to lead the company’s pivot into large volume applications and products that support strategic growth goals. Provenzano joins KULR with more than 35 years of leadership and worldwide sales experience in electronic components, design services, and system solutions across a variety of industries. Most recently, he served as SVP of sales Advanced Energy (NASDAQ:AEIS), where he managed sales operations across a variety of divisions, including networking and telecom, data center and computing, industrial and medical, and semiconductor capital equipment. 

AEX Gold Inc. (CVE:AEX) has announced that at its AGM, held on June 9. 2021, all resolutions were unanimously passed. As a result, it said that Line Fredriksen and David Neuhauser were appointed as non-executive directors of the corporation with immediate effect. Eldur Olafsson, founder and chief executive officer of AEX Gold, commented: "On behalf of the board, I would like to extend a warm welcome to Line and David. They are highly experienced and skilled individuals, and we are fortunate to have them as part of our team as we continue to progress our material asset base in southern Greenland." The corporation also announced that it has granted incentive stock options to Jaco Crouse to acquire an aggregate of 900,000 common shares at $0.59 per share, with an expiry date of December 31, 2027.

Beyond Medical Technologies Inc. (CVE:DOCT) said it has terminated its letter of intent dated January 13, 2021, with Kayan Health Ltd., effective immediately. As previously disclosed, the company intended to acquire all of the issued and outstanding securities of Kayan Health in exchange for securities of the company. After three months of discussions and negotiations, it said both parties decided not to proceed with the transaction. The company and Kayan Health have agreed to convert the $400,000 previously advanced by the company to Kayan Health into common shares in the capital of Kayan Health.

Great Panther Mining Ltd. (CVE:GPR) said the proposed resolutions were all passed at its annual general meeting, held on June 9, 2021, via virtual webcast. A total of 119,910,686 common shares of the 355,399,779 common shares outstanding were voted, representing 33.74% of the issued and outstanding common shares of Great Panther. Shareholders voted in favour of all items of business before the meeting, including the election of all directors. In addition, shareholders voted 94.64% in favour of setting the number of directors at nine and 95.20% in favour of appointing KPMG LLP as auditors.

Vendetta Mining Corp. (CVE:VTT) said it has closed a shares-for-debt transaction under the terms of a debt settlement agreement entered into with an arm's-length creditor of the company as previously announced on January 5, 2021. Under the transaction, the company settled aggregate debt of $44,625 through the issuance of 686,538 common shares in the capital of the company at a price of 6.5 cents per common share. The debt settlement has been approved by the TSX Venture Exchange. The exchange has additionally approved a further issuance of 927,786 units to another arm's-length creditor of the company to settle debt in the amount of $55,667, with each such unit comprising one common share and one-half of one common share purchase warrant. The company anticipates closing this additional debt settlement in the next several weeks.

Steppe Gold Ltd. (TSX:STGO) said that as a result of a review by staff of the Ontario Securities Commission, it has filed an amended and restated technical report for its Altan Tsagaan Ovoo Project entitled, “Altan Tsagaan Ovoo Project (ATO), 2021 Mineral Resources Technical Report (Amended NI 43-101)”. The Amended Report, which addresses comments raised by the Ontario Securities Commission to include certain disclosure for advanced projects is available on the company’s website at www.steppegold.com

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Aftermath Silver Ltd. (CVE:AAG) (OTCQX:AAGFF), a Canadian junior exploration company focused on silver, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.

Stifel GMP has repeated a 'Buy' on Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) and lifted its target price after the company released an updated and expanded resource estimate for its flagship 3Q project in Argentina. On June 9, the company said the higher confidence measured and indicated (M&I) resource, at 1.682 million tonnes of lithium carbonate equivalent (LCE), has increased by 125% at the project's high-grade zone, with an 800 milligram per litre (mg/l) lithium cut-off grade compared to 2018. 

Psyched Wellness Ltd. (CSE:PSYC) (OTCQB:PSYCF) (FRA:5U9) has announced that it will be participating in the upcoming H.C. Wainwright's Psychiatry and Beyond Virtual Conference on Thursday, June 17, 2021. Investors can use the following link for registration & the webcast: https://hcwevents.com/psychedelics/

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Willow Biosciences takes a major step forward in R&D by expanding team to...

Willow Biosciences (TSE: WLLW – OTCQX: CANSF) CEO Trevor Peters joined Steve Darling from Proactive to share details the company has expanded their R&D capabilities to accommodate additional development programs. The company has added staff in both Vancouver, British Columbia and Mountain...

on 20/7/21

20 min read