logo-loader

NA Proactive news snapshot: Fura Gems Inc, The Green Organic Dutchman Holdings Ltd, Brain Scientific Inc, Alternus Energy Inc …

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

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

Fura Gems Inc (CVE:FURA) (OTCMKTS:FUGMF), a mining company with emerald and ruby assets in Colombia and Mozambique, announced at its annual meeting of shareholders that it was boosting its private placement from proceeds of $30.4 million to $33.3 million. The funds are expected to help fuel a slate of mergers, including the acquisition of a 100% interest in a ruby prospecting licence in the Montepuez District of Cabo Delgado, and 75% of the issued shares of Montepuez Minerals Pty Ltd, among others. 

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) said that it has completed its first shipment to the Ontario Cannabis Store, marking the company's push into Canada's recreational market. In a statement, the company which is well-known for its high-quality organic medical cannabis said Ontario consumers will soon be able to experience the company’s high THC signature Unite Organic dried flower, which will be available online as well as at select retail locations across the province.

Maverix Metals Inc (NYSE:MMX) (TSE:MMX) announced that it has completed its acquisition of an additional royalty on the Hope Bay mine in Nunavut, Canada. Maverix now holds a 2.75% net smelter return royalty on Hope Bay, located in Nunavut. Hope Bay's operator TMAC Resources Inc (TSE:TMR) hopes the mine will produce over 160,000 ounces of gold in 2019. 

Brain Scientific Inc (OTC:BRSF), the healthcare technology firm, revealed that it is showcasing two of its US Food and Drug Administration cleared devices for electroencephalogram (EEG) tests at a key industry event. In a statement, the group said its NeuroCap and NeuroEEG devices, used to monitor brain activity, will be presented to industry experts at the Neurodiagnostic Society's annual ASET 2019 conference in Kansas City, between August 15 and 17 this year.

Metalla Royalty & Streaming Ltd (CVE:MTA) (OTCMKTS:MTAFF) told investors that the company has completed its acquisition of a new royalty on St Barbara Ltd’s Fifteen Mile Stream project.
The Vancouver-based company now has a 3% net smelter return (NSR) royalty on the project after a deal with an unnamed third party for C$2 million. Located in Nova Scotia, Fifteen Mile Stream hosts total proven and probable gold reserves of 16.8 million tons or 576,000 ounces grading at nearly 1.1 grams per ton (g/t) gold.

Pure Gold Mining Inc (TSX.V:PGM) (LSE:PUR) (OTCMKTS:LRTNF) said the TSX Venture Exchange had accepted for expedited filing documentation pertaining to a project agreement dated June 30 this year between the company and Wabauskang First Nation and Lac Seul First Nation, regarding the Madsen Red Lake mine, in Red Lake, Ontario, pursuant to which the company will issue a total of 1 million shares.

Alternus Energy Inc (OTCMKTS:ALTN), a renewable energy company, posted second-quarter results Friday headlined by a jump in adjusted revenue. During the quarter, the company stopped energy trading activities in Romania, which, in the short term, was a big reason the quarter ended with revenue of $934,000 — 4% less than the second quarter of 2018. Adjusting for the costs associated with closing that lower margin arm of the company, however, revenue increased 38% year over year. Gross margins jumped 83%. 

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) told investors that processing of ore from its flagship Tahuehueto gold mine in Mexico, which is currently being built, is set to begin next week. Around 5,000 tonnes of Tahuehueto ore at a cut-off grade of 8 grams per ton (g/t) gold equivalent will be available for processing in this campaign for the Atocha toll mill, the company said in a statement.

Zinc One Resources Inc (CVE:Z) said that the TSX Venture Exchange has accepted for filing a rights offering of 69.8 million shares at C$0.02 for total gross proceeds of about C$1.4 million. The net proceeds of the offering will be used to repay corporate indebtedness, reduce trade payables, incurring US $200,000 for geological, resource modelling and technical studies on the Bongará Project and general working capital.

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) announced the grant of 6,800,000 incentive stock options to its directors, officers, consultants and employees. The vertically integrated cannabis company said the options are exercisable for a period of three years at a price of $0.35 per share and will vest over a three-year period.

Medexus Pharmaceuticals Inc (CVE:MDP) (OTCMKTS:PDDPF), one of Canada’s fastest growing specialty pharma groups, said Friday that it will host a teleconference to discuss its second quarter financial results and provide a business update on August 22, at 4:30 pm Eastern Time.

Lydian International Limited (TSE:LYD) has responded to the environmental audit recommendations put forth by a recent environmental audit on the company’s Amsular gold project in Armenia. The Toronto-based miner saw its shares skyrocket earlier this week when the report was made public. The special investigative body analyzed the information and findings provided by the international audit report and found no grounds for criminal prosecution and continuation of criminal proceedings.

Helix TCS Inc (OTCMKTS:HLIX), the cannabis technology provider, is gaining traction in the competitive cannabis sector after a blockbuster second quarter that saw it double its revenue. The Denver-based company has a suite of technology services and platforms that enables cannabis business owners and operators to better manage and mitigate risk. During the fiscal second quarter the company reported total revenue of $3.9 million, an increase of 108% compared to the same quarter last year.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy microturbines, said that it has secured a 400 kilowatts microturbine sale to power a large biogas-to-energy project in France. The company pointed out that the microturbine will operate on methane generated from agricultural green waste, cow manure, and pig manure. In a statement, the Van Nuys, California-based company said the order for the lightweight, compact C400 Signature Series product came through its distributor Biogaz Services in France.

 

 

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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 FURA Gems named herein, including the promotion by the Company of FURA Gems in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'Significant' cobalt demand growth expected over next decade with market...

Roskill's Ying Lu says a combination of expansions, re-starts, recycling and new projects will be required if Cobalt supply is to meet demand over the next decade. She's forecasting significant cobalt demand growth over the next decade with the market expected to roughly double in size. 

53 minutes ago

6 min read