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NA Proactive news snapshot: BioLargo, Acasti Phamra, Dyadic, Pure Gold Mining UPDATE ...

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

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BioLargo Inc (OTCMKTS:BLGO) on Friday posted third-quarter results that saw revenue soar 93% year-over-year on the back of the company’s Odor-No-More and BioLargo Engineering divisions. For the third quarter ended September 30, the Westminster, California, company posted revenue that surged 93% to $534,000, compared to the same period a year earlier. The company also said combined revenue from BioLargo’s operating units during the nine months of 2019 expanded 53% to $1,324,000, compared to the same period a year earlier.

Acasti Phamra Inc (NASDAQ:ACST)(CVE:ACST) remains a Speculative Buy following a regulatory decision to broaden the label for rival Amiran’s Vascepa heart drug, according to Mackie Research. Vascepa is an omega-3 drug derived from fish oil to treat severe hypertriglyceridemia patients. Acasti is advancing a similar drug called CaPre to treat the same condition (high levels of triglycerides in the blood), which is known to contribute to heart disease and strokes. On Thursday, an FDA advisory committee voted to approve a New Drug Application for Vascepa’s label extension -- which would significantly expand the size of the patient population that could use the drug. The FDA is expected to decide on the new label by December 28. “If Vascepa’s NDA is eventually approved, we believe the Omega-3 market should grow enormously – Acasti’s CaPre should be able to piggyback on this,” Mackie analysts Andre Uddin and Toby Ma wrote in a note released Thursday.

Noble Capital Markets repeated an Outperform rating and $9 price target on Dyadic International Inc (NASDAQ:DYAI), following the release of its third quarter results on Wednesday. “Dyadic continues to follow its business model by establishing research collaboration with large pharmaceuticals, institutions and biotechnology firms to validate C1 [gene expression] technology in biologics for human and animal health, in addition to the company's own in-house efforts,” Noble said in an analyste note published Friday. The firm added: “Management continues to maintain costs in check with low cash-burn, while increasing the probability of success of C1 technology's potential in biologics market. The company recently added animal health segment via partnerships to its current portfolio of human biotherapeutics including vaccines, biosimilars, metabolites, and viral vectors.”

mCloud Technologies Corp (CVE:MCLD) (OTCMKTS: MCLDF)  a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence and analytics to get the most out of critical energy infrastructure, has changed its auditors to KPMG LLP from MNP LLP. The Vancouver-based company said the change was effective on November 9.

Social Life Network Inc (OTCQB:WDLF) will hold their shareholder update call on November 20, providing an overview of their 10-Q filed November 14 and a fourth-quarter company update that will include their wholly owned subsidiary, MjLink.com Inc. The call is scheduled for 1:30 pm PT/4:30pm ET and will be held by CEO Ken Tapp and CFO Mark DiSiena. Individuals interested in listening to the conference call may do so by dialing Toll-Free: 844-602-0380 International: 862-298-0970. A replay will be available by calling Toll-Free: 877-481-4010 and International: 919-882-2331. Passcode is 56842.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) is eyeing a busy few months ahead as it moves to begin executing the construction of its high-grade Madsen mine in Red Lake, Ontario. In the third-quarter results statement to end September, the firm said the next few months would see it preparing to start underground mining, focusing on ramp and level development, along with environmental work to update existing major permits.  Early construction is underway and orders for long lead items have already been placed. In keeping with a firm at this stage, the net loss for the three months was C$8.8 million, wider, marginally than the C$8.1 million seen in the same period of 2018. Madsen is the highest-grade underground development project in Canada and ranks 11th out of 132 projects globally.

Gevo Inc (NASDAQ:GEVO) has named energy industry veteran Lynn Small as its new chief financial officer. Small most recently served as CFO of industrial wind energy company One Energy Enterprises LLC. All told, Small has 30 years' experience in corporate, investment banking, and private equity platforms including Calpine Corporation, Bank of America Corporation (NYSE:BAC), Salomon Brothers, and Bechtel.

KinerjaPay Corp (OTCMKTS:KPAY) announced Friday that it expects to receive a $22.5 million bank guarantee "within the next week."   In a statement, the company said the process has been completed to get the HSBC bank guarantee from Gabriel Capital Ltd, a privately-owned Indonesian family-controlled entity based in Singapore. Gabriel has subscribed to $200 million worth of KPAY preferred stock, convertible to common stock at $1.80 per share, and when each tranche is drawn, the company will issue Gabriel a proportionate number of shares.

Global Atomic Corporation (TSE:GLO) (OTCMKTS:GLATF) posted third quarter results after the bell Thursday, the company’s first quarterly update since the completed expansion of its electric arc furnace dust zinc processing plant in Turkey. For the three months ended September 30, Global Atomic saw net revenue of nearly $800,000.

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) CEO Brian Athaide said the third quarter saw traction from the company’s entry into the recreational cannabis market. In a statement accompanying the company’s latest numbers, Athaide said: “The third quarter marked TGOD's entry into the recreational cannabis market with a small pilot in Ontario. We were thrilled to witness such positive feedback on product quality and packaging from retailers and consumers across the province.”

Klondike Gold Corp (CVE:KG) said its annual general meeting of shareholders elected five directors to its board, namely Peter Tallman, Gordon Keep, John Pallot, Steven Brunelle and Tara Christie. The shareholders approved all other matters as proposed, including the appointment of Davidson & Company LLP, chartered professional accountants, as the auditor of the company and the company's stock option plan. Klondike Gold is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon.

Lithoquest Diamonds Inc (CVE:LDI) said the TSX Venture Exchange has consented to the reduction in the exercise price and the extension in the expiry date of over 9.48 million warrants. The original exercise price was C$0.40 and expiry of November 23 this year, while the new exercise price is C$0.15 with an expiry of November 23, 2021. The warrants were issued as part of a private placing of over 18.9 million shares, with over 9.5 million share purchase warrants attached, in connection with the company's reverse takeover in 2017.

BioPorto A/S (CPH:BIOPOR) will hold an investor meeting on November 21 at 3 pm at company headquarters -- Tuborg Havnevej 15, st., 2900 Hellerup, Denmark. The meeting is being held in connection with the release of its third-quarter 2019 financial report. Registration for participation can be made on [email protected]BioPorto.com. BioPorto has developed the NGAL Test to detect acute kidney injury in adults and children and is working with the US Food and Drug Administration on a 510(k)-clearance application.

Humanigen, Inc.(OTCMKTS:HGEN), a clinical-stage biopharmaceutical company focused on the development of next-generation chimeric antigen receptor T cell (CAR-T) and other cell therapies, announced that Dr. Cameron Durrant, its chief executive officer, will present at the upcoming 2019 Stifel Healthcare Conference. The company said it is scheduled to present on Tuesday, November 19, 2019 at 3:00pm Eastern Time.

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