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NA Proactive news snapshot: Bevcanna, Capstone Turbine, LiteLink Technologies, RNC Minerals, DXI Energy UPDATE …

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

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Bevcanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) has appointed Oleg Scherbina as its chief financial officer and corporate secretary. In a statement on Friday, the company noted that Scherbina is a highly experienced chartered professional accountant with over 20 years of experience in financial management and accounting with various publicly listed companies.

Capstone Turbine Corporation (NASDAQ:CPST) announced Friday that RSP Systems, the company’s distributor for the New York metro region, signed a Factory Protection Plan with a Brooklyn hospital, using its signature microturbines. The long-term service contract covers 1.6 megawatts, and RSP Systems has now eclipsed an FPP attachment rate of 90% on about 24.6 MWs of microturbines installed in their exclusive distribution territory, the company said in a statement.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) revealed Friday that it has signed its first US 1SHIFT Logistics customer, Bay Water Transportation, a fully licensed international logistics service provider headquartered in Houston, Texas. The Burnaby, British Columbia company’s flagship software platform 1SHIFT Logistics, enables brokers, shippers, and carriers to track shipments and settle payments in real-time without having to micromanage individual drivers.

RNC Minerals (TSE:RNX) announced new production figures from its Beta Hunt mine that showed the miner increasing its monthly output during the second half of the year. In August, Toronto-based RNC produced 8,104 gold ounces from Beta Hunt, up from the 7,873 ounces reported in July. It is the second full calendar month of consolidated operations at Beta Hunt following the firm’s earlier acquisition of the Higginsville Gold Operation (HGO), which it purchased in June to reduce milling costs.

DXI Energy Inc’s (TSE:DXI) (OTCMKTS:DXIEF) board has unanimously approved a new strategic direction for the company, which will see it transition to a regional producer of methanol, a product used in the oil and gas industry. The plan is to convert its processing facility at Woodrush in British Columbia to allow scalable production, initially targeting a potential of 16,000 gallons of methanol per day beginning in August next year. Internal estimates show a potential 900% increase in net income from operations for DXI as market demand for methanol in the region is high.

Arcadia Biosciences Inc (NASDAQ:RKDA) is cashing in $10 million by way of a registered direct offering of stock, the company announced Friday. The company sold 1.3 million shares at a per share price of $7.58 in a priced-at-the-market offering $0.06 above its Thursday closing price. The food ingredient company also issued the investors registered warrants to buy an additional 659,414 shares of stock at a price of $7.52. If exercised, they would net Arcadia another $4.9 million. The funds are expected to go towards the acquisition of hemp germplasm and a scale-up of GoodWheat, among other things.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) announced the arrangement of a bridge loan worth up to C$6 million on Friday. The loan will consist of two $3 million tranches, the first of which is expected on September 12th, or the targeted closing date of the deal. It will bear interest of 10% each year. The money is expected to supply the company with enough working capital to last about a year.

Millennial Lithium Corp (CVE:ML) (OTCQB:MLNLF) said it has now filed its earlier reported positive feasibility study (FS) for the Pastos Grandes project in Argentina. The document, dated July 29 this year, was prepared by WorleyParsons Chile, Montgomery & Associates, and Peter Ehren, MSc, AusIMM (CP), the firm said in a brief statement on Friday.

CytoDyn Inc. (OTCMKTS:CYDY), a late stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that its annual meeting of stockholders on September 12, 2019 will be shared live through a webcast at 9:30 am PT/12:30 pm ET. that will allow access to the audio portion of the meeting, along with management’s presentation. Nader Pourhassan, CytoDyn’s president and CEO will provide an update on several initiatives, including BLA filing timeline, along with licensing and partnering opportunities. The live audio webcast may also be accessed via CytoDyn’s corporate website at www.cytodyn.com under the Investors section/IR Calendar and will be archived for two weeks.

Agile Therapeutics Inc (NASDAQ:AGRX) CEO Al Altomari will provide an overview of the company’s business and upcoming milestones at two upcoming investor conferences in New York City. The first event is on September 9 at the Janney Montgomery Scott Healthcare Conference at 9.05 ET. The other event is the annual Rodman and Renshaw Investment Conference, sponsored by HC Wainwright on September 10 at 2.10 pm.

Fidelity Minerals Corp (CVE:FMN) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 12, 2019 to raise $6,039,000. Under the placement 12,078,000 shares will be issued at 5 cents per share, and 6,039,000 share purchase warrants at an initial exercise price of 6 cents per warrant to expiry in one year with 17 placees.

Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF) announced Friday that board member Kevin Ma has resigned from the company’s board of directors. Ma will continue to provide consulting services to Nabis, the company told shareholders. CEO Shay Shnet thanked Ma for his work in helping to build the North American cannabis investment company. “We look forward to receiving his continued wisdom and guidance in a consulting capacity going forward,” Shnet said in a statement.

Quick facts: Capstone Turbine Corporation

Price: 2.5 USD

NASDAQ:CPST
Market: NASDAQ
Market Cap: $21.04 m
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Full interview: Capstone Turbine clinches new solar-power customer

Capstone Turbine Corporation (NASDAQ:CPST) EVP of Sales & Marketing Jim Crouse tells Proactive the California-based company has secured an order for two C200S microturbines with 247Solar Inc, which has developed a solar-power system that operates every hour of the year. Crouse says the...

on 09/20/2019

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