NA Proactive news snapshot: Pacton Gold, Electra Meccanica, Aequus Pharmaceuticals, Millennial Lithium, Nextleaf Solutions UPDATE …

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

Newspaper press
Your daily round-up from the world of Proactive

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) is expanding its land package in the mineral-rich district of Red Lake, Ontario. The company announced Monday that it has acquired two additional claims in the region to add to its existing assets for a total of 20,634 hectares in Red Lake. Pacton acquired the Golden Loon and Pakwash properties from 1544230 Ontario Inc in a cash and share deal.

Electra Meccanica Vehicles Corp (NASDAQ:SOLO), the Canadian electric vehicle manufacturer, is gearing up to build its brand presence with the help of a leading public relations firm. The Vancouver-based company announced Monday it is working with jmpr, a US-based agency with extensive experience in automotive branding campaigns.  The auto manufacturer’s main product is SOLO, a three-wheeled single-passenger electric automobile.

Aequus Pharmaceuticals Inc (CVE:AQS) (OTCMKTS:AQSZF) said Monday that it has signed an exclusive distribution agreement with Medicom Healthcare Ltd, to distribute the private UK-based company’s therapies in ophthalmology. Under the distribution agreement, Aequus will receive commercial rights to novel portions of Medicom’s portfolio of ophthalmology products including the Evolve line of preservative free dry eye products within Canada.

Point Loma Resources Ltd (CVE:PLX) told investors Monday that the first of its previously announced two well farmout program with partner Salt Bush Energy at the Wizard Lake project was spudded on July 27. The well in Alberta is expected to be completed and tested before the end of August.

Millennial Lithium Corp (CVE:ML) (OTCQB:MLNLF) has hailed the eagerly awaited feasibility study for its Pastos Grandes project in Salta province, Argentina, which shows the asset has the potential to be a 'robust' lithium carbonate producer with low costs. The study envisages production of 24,000 tonnes per year (TPY) of battery grade lithium carbonate (over 99.5% LCE - lithium carbonate equivalent) and puts total initial CAPEX (capital expenditure) required at US$448.2 million.

KinerjaPay Corp (OTCMKTS:KPAY), a digital payment and e-commerce company, told shareholders Monday that it had received commitments from several “high-net worth” investors. Investors from Indonesia, Singapore and Malaysia have either signed a term sheet or a subscription agreement for preferred stock. The company also announced that it has made progress in closing its transaction with Wahana Group, which committed to investing $200 million.

Blackrock Gold Corp (CVE:BRC) is making good progress with exploration on its Silver Cloud property in mineral-rich Nevada, it told shareholders on Monday. The junior explorer received results from 829 soil samples that revealed two anomalies on the project that holds potential for a gold-silver vein system.

Heritage Cannabis Holdings Corp (CSE:CANN) announced Monday that it has completed its partial acquisition of the cannabis DNA-testing company Endocanna Health Inc. Heritage has issued Los Angeles-based Endocanna's principles with 2.7 million shares at C$0.49 per share in exchange for a 10% stake and has also spent C$2 million for an additional 20% holding.

ROBO Global said that despite mixed market signals, it was a steady second quarter for stocks that make up its ROBO Global Robotics & Automation Index, the world’s first benchmark index to track companies that focus on robotics, automation and artificial intelligence. Halfway into the year, the ROBO Global index has returned more than 22%, and the ROBO Global Artificial Intelligence Index climbed 30%, both largely outperforming global equities.

Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF), a cannabinoid extraction company, announced that its shares are set to begin trading Monday on the OTCQB Market. The stock will trade under the ticker OILFF on the middle-tier OTC Market in New York, in addition to its listing on the Canadian Securities Exchange.

Tinka Resources Ltd (CVE:TK) (OTCPK:TKRFF) reported high grade drilling results from its flagship Ayawilca project in Peru, which have further underlined the asset's credentials. Three new holes have been sunk at  the West Ayawilca part of the property and one was drilled at South Ayawilca. Dr Graham Carman, the CEO at Tinka, said the high grade results in this hole "highlight the potential of the South Ayawilca area, in particular, to deliver additional positive exploration results".

Fura Gems Inc (CVE:FURA) (OTC:FUGMF) announced Monday that it has pushed back the purchase of ruby assets in Mozambique for the sixth time. The company provided written notice to New Energy Minerals Ltd, formerly known as Mustang Resources Ltd, that it would extend the 'drop dead' date - the very final date - to complete the transaction from July 31 to August 31.

Exactus Inc. (OTCQB: EXDI) announced Monday that it will be showcased at the upcoming USA CBD Expo in Miami Beach, Florida from 2 August to 4 August. The USA CBD Expo aims to bring together hundreds of leading CBD brands and products from vape manufacturers, holistic and health food producers, pet care brands and a wide variety of other brands from around the world. Exactus will have a 10'x40' booth located at 102-105 on the showroom floor and will also be catering a premium hosted bar on the first day of the event.

Fidelity Minerals Corp. (CVE:FNM) has extended the expiry date of its previously announced private placement to on or before 26 August 2019. The Peru-focused emerging gold producer revealed on 12 June an offering of up to 16 million units at C$0.05 each, to raise gross proceeds of up to C$800,000. The company said on 15 July it had closed the first tranche of the private placing, raising C$550,500 gross to fund  project expansion and appraisal focused work programs.

Mongolia-focused explorer Kincora Copper Ltd (CVE:KCC) has said its AGM will be on September 26 this year at the Shangri-La Hotel in the Asian country’s capital city, Ulaanbaatar, the day before the 17th annual 'Discover Mongolia' conference which takes place at the same hotel. The latter includes a one day conference, providing access to key government and private sector stakeholders.

Japan Gold Corp (CVE:JG) reported further high-grade gold samples from historic mine dumps at the Kitano-o gold prospect, the company announced Monday. Sample results from Kitano-o graded up to 60.8 grams per ton gold from the eastern side of the property, located in a historical gold district in Japan.

RYAH Medtech Inc is making it easier for Canadian patients to purchase its dose-measuring dry herb vaporizer by partnering up with SOS Cannabis. The partnership will provide patients with the opportunity for free legal representation from the team at SOS when seeking reimbursement from government agencies for the costs of purchasing the RYAH vaporizer.

Noble Capital Markets has reduced earnings estimates for Great Panther Mining Corp (TSE:GPR) (NYSEAmerican:GPL) following the junior miner’s recent second quarter numbers, but it retains an Outperform rating and $1.50 target price on the stock. Analysts at Roth Capital Partners reiterated a Buy rating on Great Panther while lowering their price target to $2.00 per share from $2.25 previously.

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