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NA Proactive news snapshot: Newgioco, ElectraMeccanica Vehicles, EnWave Corporation, One World Lithium UPDATE …

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

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Newgioco Group Inc (OTCMKTS:NWGI) announced Tuesday that Grand Central LLC has selected the global gaming technology company’s ELYS platform for its sportsbook operations in Washington, DC. "We are very pleased with the attention we received from Newgioco, not only in demonstrating the ELYS sports betting platform but also in thoroughly explaining the comprehensive nuances of running a sportsbook as an ancillary product within our hospitality businesses," both Andy Seligman and Brian Vasile of Grand Central said in a statement. The company’s regulated sportsbook operations are located at its popular Grand Central sports bar and Capo deli.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) said Monday that the Vancouver-based car maker has appointed electric car pioneer Peter Savagian as an independent director. Savagian has industry-wide street cred, as he was the former chief engineer of General Motors’ famous EV1 electric car. GM’s first electric car was popular among environmentalists and Hollywood celebrities like Tom Hanks and Mel Gibson.

EnWave Corporation (CVE:ENW) (OTCMKTS:NWVCF) has signed an exclusive, royalty-bearing commercial licensing agreement for its dehydration technology with cannabis power player Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB).  Aurora will hold an exclusive master license to use EnWave’s Radiant Energy Vacuum (REV) technology for the drying of cannabis in Australia. As part of the deal, the companies will work together to pursue sub-licensing opportunities. One sub-licensee, who signed a deal concurrently with the Aurora agreement, is Cann Group Limited (ASX:CAN), the first company in Australia to earn a medical cannabis cultivation license.

One World Lithium Inc (CSE:OLWI) (OTCMKTS:OWRDF) has told investors it is replacing its previously announced non-brokered private placement with a new placing of unsecured convertible notes to raise up to C$1 million. The non-brokered private placement, announced on September 5, was planned to see up to 10 million units at C$0.15 each for gross proceeds of up to C$1.5 million. The net proceeds of the latest offering have been allocated to the continuation of Phase III drilling at the Salar del Diablo lithium project (C$400,000); analysis and further testing of drill results (C$200,000); investor relations (C$100,000) and the remainder for working capital.

NexTech AR Solutions Corp (CSE:NTAR) (OTCMKTS:NEXCF) announced Tuesday it has landed a deal with Method Seven, an industry-leading specialty-optics company. Method Seven has signed up for NexTech’s AR platform, which will allow their e-commerce customers to virtually “try on” their glasses over the web, no app required, according to a statement.

Thunderbird Entertainment Group Inc (CVE:TBRD) CEO Jennifer Twiner McCarron said the company had made “tough yet strategic decisions” to ensure it is well-positioned as it reported fiscal fourth-quarter and year-end financial and business results.  In a statement accompanying the Vancouver-based global multi-platform entertainment company’s latest numbers, McCarron said: "2019 has been a year of incredible transformation and growth across Thunderbird, as the company has made tough yet strategic decisions to ensure it is well-positioned to deliver higher-budget, higher margin, premium-quality productions that will enhance the value of our content library."

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF), the cannabis-focused group, revealed its launch in Nevada of luxury brand Blonde was a huge success, as it sold out of every product during its debut in the US state. It followed a 30-day exclusive campaign with one of Nevada’s largest dispensary retailers. "Blonde has taken Las Vegas by storm and we could not be more excited about this relationship”, said Ms. Ester Vigil, the president of 1933 Industries.

Capstone Turbine Corporation (NASDAQ:CPST) announced Tuesday that it is “executing effectively” on its strategic business initiatives. In a statement, the maker of clean-energy turbines also reiterated its goal to achieve adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the quarter ending June 30, 2020. Capstone Turbine had previously announced its goal of reaching positive adjusted EBITDA by focusing on improving the business in areas that it has direct control of, and in areas that are not impacted by project delays, macroeconomic conditions, geopolitical events, and trade wars, among other issues.

Nordic Gold Inc (CVE:NOR) (OTCMKTS:FIEIF) has completed its proposed drill program at its Laiva gold mine in Raahe, Finland. Finalizing the proposal, which includes drilling a total of 146 holes at a depth of between 10,000 meters and 15,000 meters, is a crucial step in bringing the mine back into production.

Atlas Engineered Products Ltd (CVE:AEP) (OTCMKTS:APEUF), the wood products firm, told investors on Tuesday that experienced business development specialist and entrepreneur, Bill Gammel, has joined the executive team. Gammel becomes vice president (VP) of sales effective immediately, said the Nanaimo, BC-based company. "We're very excited to have Bill joining us," said Atlas chief executive and president Dirk Maritz.

VR Resources Ltd (CVE:VRR) (OTCMKTS:VRRCF) has closed the $760,000 first tranche of its previously announced non-brokered private placement. The copper-gold exploration company issued nearly 2 million flow-through common shares at a price of $0.38 per share. Proceeds from the deal are expected to go towards the exploration of its copper-gold Ranoke property in Ontario.

Medexus Pharmaceuticals Inc. (CVE:MDP) (OTCMKTS:PDDPF) today announced that it will be presenting at the Dawson James Securities 5th Annual Small Cap Growth Conference being held on October 28-29, 2019 at the Wyndham Grand Hotel in Jupiter, Florida. Ken d’Entremont, Chief Executive Officer of Medexus is scheduled to present on Tuesday, October 29th at 10:05 a.m. Eastern Time, in Track 2 - Preserve Ballroom B, with one-on-one meetings to be held throughout the conference.

Information Services Corp (TSE:ISV) announced it will release its financial results for the third quarter ended September 30 on November 6 after the market closes. The Regina, Saskatchewan-headquartered business which provides solutions to manage, secure and administer information, said an investor conference will be held on November 7 at 11:00 am EST to discuss the results. The company said an audio webcast of the conference call will be available on its website.

Maxtech Ventures Inc. (CVE:MVT) said it has closed its non-brokered private placement which consisted of three million units issued at a price of 5 cents for gross proceeds of $150,000. When combined with the previous closing, the company has issued a total of 6.03 million units for gross aggregate proceeds of $301,500. Each unit comprises one common share of the company and one common share purchase warrant entitling the holder to acquire an additional common share at a price of 5 cents per share for a period of one year. The company said it will proceed with the balance of the offering with funds raised to be used to expand its business operations and for general operating expenses.

LexaGene Holdings Inc (CVE:LXG) (OTCMKTS:LXXGF) said Tuesday that it has filed a final prospectus with securities regulatory authorities in each of the Canadian provinces, except Quebec, relating to the planned sale of units at C$0.52 per unit to raise a minimum of $3.5 million and a maximum of $10 million. LexaGene, which is pioneering the first fully automated pathogen detection platform for use in diagnostics and sample analysis, said it plans to use the proceeds for research and development, marketing, and possibly to support the building of inventory and initial commercial sales.

Analysts at Roth Capital Partners hailed Seelos Therapeutics Inc’s (NASDAQ:SEEL) new game plan for its SLS-002 intranasal ketamine depression drug for treating patients suffering from suicidality in major depressive disorder (MDD). Roth Capital currently has a Buy recommendation and $8 price target on Seelos stock, which presently trades in the $0.93 range. “Seelos announced an amendment in its agreement with Vyera that allows Seelos to focus first on SLS-002 in MDD, which we view as a well thought-out decision based upon FDA guidance and the more substantial market opportunity in MDD versus Post-traumatic stress disorder (PTSD),” wrote Roth Capital analyst Yasmeen Rahimi. 

The TSX Venture Exchange has consented to the reduction in the exercise price of warrants by Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF). The oil firm reduced to C$0.05 per share from C$0.10 a share on 4,190,600 share purchase warrants in a private placement with expiry dates of February 27, 2020 and March 23, 2020. Also, Hillcrest amended another private placement with an expiry date of May 10, 2021, reducing the price to C$0.05 per share from C$0.10 a share on 1.95 million warrants. 

 

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