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NA Proactive news snapshot: Australis Capital, Pacton Gold, Capstone Turbine, Marrone Bio UPDATE ...

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

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Cocoon Technology LLC, an Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) portfolio company, will see its self-serve technology in Nevada’s largest dispensary chain starting in 2020. The Las Vegas-based company announced it had entered into an agreement with THRIVE Cannabis Marketplace to install its Platform-as-a-Service systems in the dispensary’s eight existing locations, with more to come over the deal’s four-year term. Cocoon will become the exclusive self-service technology provider for THRIVE, which operates throughout southern Nevada.

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) has revised the terms of its non-flow through private placement by adding a share purchase warrant. The company will now issue up to 20,833,333 units at C$0.12 per unit for total gross proceeds of up to C$2.5 million. Each unit will consist of one common share and one transferrable share purchase warrant, each warrant exercisable for a period of two years from the date of issue at a price of C$0.18 per share. The private placement is part of financing package announced last week that started at C$6 million and now stands at C$8.5 million. 

Capstone Turbine Corporation (NASDAQ:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, has been invited to present at the 12th Annual LD Micro Main Event Investor Conference on December 10-12 in Bel Air, California. CEO Darren Jamison is scheduled to present on December 11 at 9:40 am PT. The presentation will be webcasted live and available for replay at http://wsw.com/webcast/ldmicro17/cpst/. A replay will be available shortly after the webcast concludes. Jamison, along with Eric Hencken, interim CFO for Capstone, will be available for one-on-one meetings throughout the day.

Marrone Bio Innovations Inc (NASDAQ:MBII) announced Monday that its field trial results for biology-based seed treatments in Europe demonstrated improved yields and cost-effective control of soil insects and nematodes that are equivalent to or better than current industry standards. Additionally, the company said its wholly-owned subsidiary, Pro Farm Technology OY (Pro Farm), has demonstrated significant benefits to growers when its patented Foramin nutrient technology is used in conjunction with conventional or biology-based seed treatments. Foramin offers growers enhanced plant physiology, reduced plant stress, and improved yields and crop quality.  Results from recent yield and stress tolerance trials will be presented by Kalle Virta, director of research and development for Pro Farm, at the “Exceed The Seed” event during the American Seed Trade Association meeting on Monday in Chicago. 

Biocept Inc, a provider of liquid biopsy solutions, announced a $10 million underwritten public offering, consisting of 24.6 million shares of common stock and pre-funded warrants. The stock was offered at a price of $0.405 per share. Warrants are immediately exercisable and will expire after five years. The company has granted the book-running manager, Maxim Group LLC, a 45-day option to purchase an additional chunk of nearly 3.7 million shares and/or warrants.

Roth Capital Partners is sticking to its Buy rating and a 12-month price target of C$0.35 for Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF) after taking an optimistic view of the gold miner’s Santana gold project in the Mexican state of Sonora. Of particular interest to the Roth analysts is the recent unveiling by Minera of a C$14 million royalty and equity financing deal with Osisko Gold Royalties Ltd, which will provide the funding necessary to begin construction at Santana. The cash injection, which is set to close by the first quarter of next year, will provide sufficient cushion for the Santana project to remain on track for its first production in late 2020. “As such, we are reiterating our Buy rating and C$0.35 price target,” wrote the Roth team in a recent note to investors. “Based on our estimates, Minera is now fully funded for the development of Santana,” the Roth analysts added.

Perma-Fix Environmental Services Inc (NASDAQ:PESI), a nuclear and waste management services company, said Monday that it received "overwhelmingly positive feedback” from industry executives at its recently hosted three-day 17th Nuclear Waste Management Forum. In a statement, the Atlanta, Georgia-based group said that the annual forum, which ran from December 2-4, in Nashville, Tennessee saw intense participation from nearly 200 industry executives. CEO Mark Duff said the feedback burnished the firm's reputation as a leader in the nuclear waste industry with unique treatment capabilities and impeccable safety record.”

MegumaGold Corp (CSE:NSAU) said Monday that it has struck an option agreement with Genius Metals Inc (CSE:GENI) to acquire up to a 100% interest in six mineral exploration licences totalling 100 claims on 1,620 hectares directly adjoining the company’s Touquoy West licences to the east and St Barbara Ltd’s licenses to the west. The Genius licences encompass the interpreted western extension of the Moose River trend which hosts St Barbara Ltd’s operating Touqouy Gold Mine, its Beaver Dam and Fifteen Mile stream development projects.

Applied Minerals Inc (OTCMKTS:AMNL) announced Monday that it has entered into a definitive agreement with one of the largest cement manufacturers in the US to supply up to 30,000 tons per year of crushed, unmilled iron oxide for a two-year period. In a statement, the company said it has started delivery of its iron oxide product. Iron oxide is a key ingredient in the production of cement. A number of cement producers have tested the Applied Mineral’s iron oxide and have determined it meets their production requirements. The company also said it believes the mercury content of its iron oxide falls below the maximum levels allowed by most cement producers. "We are very excited to identify this additional market for our iron oxide product,” said CEO Mario Concha. “While our primary focus is still on the continued commercialization of our halloysite resource, the exploitation of our iron oxide resource will provide the company an additional source of cash flow.”

XPhyto Therapeutics Corp (CSE:XPHY) (OTCMKTS:XPHYF) said Monday that the development of epilepsy treatment products using its proprietary oral thin film delivery system would be a “priority” for 2020. The science-focused cannabis company said that it is focusing on generic cannabidiol-based dissolvable oral wafers for the treatment of childhood forms of epilepsy, specifically Dravet syndrome and Lennox-Gastaut syndrome. "XPhyto believes that an efficient and well-defined dosage form is the future of cannabis-based medicine. High bioavailability with controlled and reproducible delivery is critical," said CEO Hugh Rogers. "Our initial results suggest significant potential timing and efficiency advantages over conventional delivery methods," he added.

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) told investors Monday that the company has secured raw materials sources for its joint development with Chinese lithium-ion battery producer Pulead Technology Industry Co Ltd.  The plan is to utilize Nano One’s technology to evaluate and optimize scaled production of lithium iron phosphate (LFP), a compound used as the cathode material in a type of Lithium-ion batteries.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) has appointed its finance executive Bal Bhullar to the electric vehicle company’s board of directors, the Vancouver-based firm said Monday. Bhullar, the company’s CFO, is filling a vacancy left by former board member Shaun Greffard, who resigned last week. ElectraMeccanica’s chairman Steven Sanders told investors that the firm was pleased to welcome Bhullar to its board.

eWellness Healthcare (OTCMKTS:EWLL), the physical therapy (PT) telehealth company, is today (December 9) giving a 20% dividend to its common stock owners via the granting of additional stock. “Given the dilution that our common shareholders have experienced over the recent months, the company believes that this dividend is appropriate under the circumstances,” said CEO Darwin Fogt. eWellness is the first PT provider to provide assessments and treatments in real-time via a smartphone or a laptop. Its embrace of digital treatments slashes the cost of PT treatments and widens access to them.

Fura Gems Inc (CVE:FURA) (OTCMKTS:FUGMF) has agreed to extend the deadline to complete an acquisition of a sapphire mining project, known as the Capricorn project, owned by Richland Resources Ltd. The official longstop date has been extended from December 7 to December 14 to allow the parties to complete the remaining legal formalities, the company said. Acquisition of the Queensland, Australia-based project would give Fura a 100% interest in two mining permits (EPM 25973 and EPM 25978) and three mining licenses (ML 70419, ML 70447 and ML 70451) in the Australian state.

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) said Monday that it will serve as a Silver Sponsor of the MJ Biz Conference, a gathering of cannabis business professionals held December 11-13 at the Las Vegas Convention Centre. The company will feature its AMA, Canna Hemp, Canna Hemp X and Canna Fused brand products for the roughly 35,000 expected attendees. Also in Vegas, 1933 is sponsoring the fifth annual Jack Herer Cup, a cannabis awards show taking place on December 12 at the Hard Rock Cafe.

Exactus Inc. (OTCQB:EXDI), the hemp farmer and cannabidiol product manufacturer, said its senior management team are slated to offer an overview of the business at the 12th annual LD Micro Main Event on 10 December at 10 am (Pacific Time) at the Luxe Sunset Boulevard Hotel in Los Angeles, California. Emiliano Aloi, Exactus’s CEO and president, as well as chief strategy officer Andrew Johnson will lead the presentation and arrange meetings with investors during the day.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy turbines, is on the receiving end of good news as it has clinched a repeat order from one of the biggest oil and gas producers in south Texas. The undisclosed customer, which logged an order for Capstone’s C800 Signature Series microturbine and associated five-year long-term factory protection plan, is an international oil and gas exploration company with operations in the US, Middle East and Latin America. “The oil producer’s new Capstone system will be used to provide clean electricity – fueled by “pipeline-quality” gas - for an oil and gas gathering facility in the remote Eagle Ford Shale region of South Texas. We have successfully earned the trust from several of the largest oil and gas producers in the world and continue to expand the list of satisfied repeat customers in the process,” said Darren Jamison, president and CEO of Capstone. “We’re seeing an increasing interest from oil and gas producers in the Eagle Ford as they continue to adopt Capstone microturbine technology due to reliability.”

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