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NA Proactive news snapshot: CleanSpark, KinerjaPay, EXMceuticals, Ximen Mining UPDATE …

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

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Your daily round-up from the world of Proactive

CleanSpark Inc (OTCMKTS:CLSK) revealed Wednesday that it has won an engineering contract for the creation of a power system at a cannabis grow facility following a previously announced project feasibility study. In a statement, the Bountiful, Utah-based advanced energy software and control technology company said the engineering contract is for the creation of an "independent and comprehensive power system" for an indoor, controlled distribution facility in California. CleanSpark said the engineering contract is expected to be completed by the end of October.

KinerjaPay Corp (OTCMKTS:KPAY) has negotiated a $25 million non-recourse credit facility with its local bank, China Construction Bank Indonesia. Once it delivers collateral, KinerjaPay will draw the guaranteed net proceeds of $22.5 million in three monthly tranches of $7.5 million. The Jakarta-based company will rely on an HSBC bank guarantee from Gabriel Capital Ltd, a privately-owned Indonesian family-controlled entity based in Singapore.

EXMceuticals Inc (CSE:EXM) has obtained a licence for cannabis research and development from the Portuguese government, the upstart cannabis producer said Wednesday. The license allows the company to take a huge step forward in its European operations by being able to import, research and refine cannabinoids and cannabis by-products in Europe, according to a statement. EXMceuticals said its fully operational R&D laboratory in Lisbon will now develop cannabis-based products and also operate as a pilot-scale refinery for the transformation of cannabis-based ingredients

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) reported Wednesday that its partner GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) has released encouraging drill assays for holes 11 to 18 from the Gold Drop property in British Columbia, which shows potentially economic mineralization at the COD vein. Highlight assays posted today included an intercept of 0.30 metres (m) with 102 grams per ton (g/t) gold and 1,185 g/t silver and 418 parts per million (ppm) tellurium from a depth of 24.75 m on one hole. Ximen also announced it has closed the first, second and third tranches of a private placement by issuing 2,555,168 units for gross proceeds of C$766,550, with a  total of C$250,000 for the first tranche and C$250,050 for the second tranche and C$266,500 for the third tranche.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) announced Wednesday it is partnering with cannabis operator Capna Intellectual Inc to bring its leading multi-state cannabis vape brand, Bloom, to Canada.  In a statement, BevCanna said it will manufacture and sell Bloom-branded products, including cannabis concentrates and extracts, in Canada. The cannabinoid-infused beverage specialist will also acquire exclusive licensing and manufacturing rights to select product formats, technology and branding assets of Bloom.

GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) has once more posted encouraging drill assays from its flagship Gold Drop property in the renowned Greenwood Mining Camp in British Columbia, which shows potentially economic mineralization at the COD vein. The Greenwood camp has generated 1.4 million ounces of gold, 10 million ounces silver and 0.7 billion pounds of copper over the years.

Phunware Inc (NASDAQ:PHUN) announced the launch of a full end-to-end wayfinding solution at a leading non-profit medical center in the US. The company will provide management services to ensure that its navigation beacons are fully functioning in order to support real-time wayfinding over the center’s five-million-square-foot campus.

Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) revealed Wednesday that it has closed its previously announced loan agreement with Inter World Investments (Canada) Ltd for an unsecured loan facility of US$667,800. In a statement, the Vancouver, British Columbia mineral exploration company also said it has signed a financial services agreement with RCI Capital Group Inc, an independent financial advisory firm which specializes in cross-border transactions.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of low-emission, clean-energy energy systems, is continuing on its growth path as it announced Wednesday a new long-term service contract in Europe. BMTec, one of its EMEA (Europe, Middle East and Africa) distributors, has recently inked what it called a "large" factory protection plan (FPP) long-term service contract covering 4 megawatts (MW) of Capstone microturbines.

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) has reported new high-grade surface sample results from its Red Lake gold project in Ontario, which confirm future drill targets. The assays come from samples taken by rock saw as part of work at the Boyden prospect, which involved outcrop stripping, detailed mapping and channel sampling. Previous surface sampling in the Boyden area has returned gold values, including 126.5 grams per ton (g/t) gold and 23.3 g/t of the yellow metal, the company pointed out.

KinerjaPay Corp (OTCMKTS:KPAY) has negotiated a $25 million non-recourse credit facility with its local bank, China Construction Bank Indonesia.  Once it delivers collateral, KinerjaPay will draw the guaranteed net proceeds of $22.5 million in three monthly tranches of $7.5 million.

The Jakarta-based company will rely on an HSBC bank guarantee from Gabriel Capital Ltd, a privately-owned Indonesian family-controlled entity based in Singapore.

BioCorRx Inc (OTCQB:BICX), a developer and provider of advanced solutions in the treatment of substance use disorders, told investors that it had made progress on the development of BICX102, the company’s sustained-release naltrexone implant for the treatment of opioid and alcohol use disorders. The Anaheim, California, healthcare company that is focused on developing treatment solutions for addiction, weight loss, and other related disorders, also highlighted how its long-time relationship with Alpine Creek Capital Partners had been most valuable. Alpine Creek Capital first invested $2.5 million when BioCorRx had a market cap of just $3 million.

Cannabis One Holdings Inc (CSE:CBIS) (OTCMKTS:CAAOF), the North American company building a cannabis “House of Brands” announced that Christopher Fenn has resigned from its board of directors. In a statement, the company thanked Fenn for his service and wished him well in his future endeavors.

American Manganese Inc (CVE:AMY) is extending the exercise period by one year of over 1.22 million share purchase warrants, all of which are exercisable at C$0.25 each. The warrants were issued as part of a placing, which closed over two tranches in 2017.  The new expiry dates for the warrants are as follows: Tranche 1: For warrants issued on November 1, 2017, the new expiry date will be November 1, 2020. Tranche 2: For warrants issued on December 1, 2017, the new expiry date will be December 1, 2020

Ximen Mining (CVE:XIM) (OTCMKTS:XXMMF) has arranged a non-brokered placing of over 1.2 million shares at C$0.39 a throw for gross proceeds of C$500,000 to pay for exploration expenses at its British Columbia properties. Each flow-through share consists of one share that qualifies as a "flow-through share", the firm added. All securities issued in the offering are subject to a hold period of four months and one day from closing.

Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), a security and smart network intelligence solutions company, announced that it will host a conference call to discuss its third quarter earnings results on November 5 at 8:30 am ET. The financial results will be published prior to the commencement of the conference call. A live webcast of the conference call can be accessed on the Allot website. The webcast will also be archived on the website following the conference call.

Great Panther Mining Limited (NYSEAMERICAN:GPL (TSX:GPR) said it has scheduled the release of its third-quarter 2019 financial results for Wednesday, October 30, 2019 after the market close. The group added that a conference call and webcast will be held on October 31, 2019 at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time) to discuss the results and provide a corporate update, which James Bannantine, Great Panther’s President and CEO, and Jim Zadra, CFO and Corporate Secretary, will host. Shareholders, analysts, investors and media are invited to join the live webcast and conference call by logging in or calling in five minutes prior to the start time - Live webcast and registration: www.greatpanther.com; U.S. & Canada Toll-Free: 1 800 319 4610; International Toll: +1 604 638 5340.

Proactive Research has issued a note on Avacta Group PLC (LON:AVCT), with analyst Ed Stacey concluding that positive data from the life science group’s testing programme could lead to “a significant licensing opportunity for AVA6000”. Stacey said this “could have a transformational impact for Avacta in terms of generating significant non-dilutive funding, which may well mean the company does not need to come back to the market in future."

Gold Resource Corporation (NYSEAmerican:GORO) announced Wednesday it has increased its instituted annual dividend from $0.02 per common share to $0.04 per common share. In a statement, the company said this move increases the monthly dividend to one-third of a cent per common share for October 2019 payable on November 25, 2019 to shareholders of record as of November 12, 2019. The October dividend also marks the 112th consecutive monthly dividend declared by Gold Resource, which has returned $112 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. 

Eastern Zinc Corp (CSE:EZNC) (OTCMKTS:ETZCF) announced results Wednesday from a pair of diamond drill holes on its Portage property in the Bathurst Mining Camp (BMC) of New Brunswick, which confirmed the presence of zinc and lead. The two holes were designed to test the depth and strike potential 40 metres below and 400 metres to the north, respectively, of the Upper Road Zone volcanogenic massive sulphide (VMS) occurrence discovered by a previous operator in 2018.

PyroGenesis Canada Inc (CVE:PYR) (OTCMKTS:PYRNF) announced Wednesday that it has received final approval from the TSX Venture Exchange to proceed with a normal course issuer bid (NCIB). Pursuant to the NCIB, PyroGenesis proposes to purchase, from time to time, over a period of 12 months, up to 6,750,000 (about 4.8%) of its common shares issued and outstanding. So far, there are 139,619,450 company shares issued and outstanding. The one-year NCIB will commence on or about November 1.

 

 

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