Agile Therapeutics Inc (NASDAQ: AGRX) announced Monday that an investment management firm may provide it with up to $35 million in financing as the company awaits regulatory approval of its lead product Twirla, a contraceptive patch for women. In a statement, the New Jersey company said $5 million was funded Monday after the satisfaction of customary closing conditions under the senior secured term loan credit facility with Perceptive Advisors of New York. In addition, $15 million will be available if Twirla is approved by the US Food and Drug Administration, and $15 million will be available upon the achievement of certain revenue milestones. Agile is permitted to make interest-only payments on the loan until February 2023. “This strategic debt financing coupled with our current cash increases our balance sheet strength and positions us well to continue our commercialization strategy for Twirla, with an expected FDA decision less than one week away,” said CEO Al Altomari.
Phunware Inc (NASDAQ: PHUN) has added two pediatric healthcare customers in Alabama and Florida for their digital front door deployments on mobile, the company said Monday. The company said its Multiscreen-as-a-Service (MaaS) platform helps patients and clinicians demystify the healthcare journey for both families and staff. MaaS enables feature-rich mobile application solutions for healthcare providers so that they can better engage their patients across a continuum of care while optimizing both operational and staff efficiencies, lowering costs and boosting revenue.
Co-Diagnostics Inc (NASDAQ:CODX), a scientific diagnostics company, has announced the first sales of its screening test which successfully identifies the deadly coronavirus that was first detected in Wuhan, China last December. The order from an undisclosed company asks for the tests to be distributed to a number of international markets and the first shipment of assays has been paid for. Investors responded with enthusiasm to the news, sending Co-Diagnostics shares up by 38% to US$4.15 in late afternoon trade on Monday. The Utah company’s Logix Smart 2019-nCoV polymerase chain reaction tests employ a patented CoPrimer technology platform to detect the strains of the often fatal pneumonia-like virus which has spread rapidly over the past several weeks, after first being identified in Wuhan.
Zinc8 Energy Solutions (CSE:MGXR) (OTCMKTS:MGXRF) has raised more than $3.067 million after wrapping up its latest non-brokered private placement. Under the deal’s terms, as many as 27,879,513 units were delivered at a price of $0.11 per share; each unit is comprised of one share plus a warrant. The warrants can be exercised for a period of two years at a price of $0.155 in the first year from the issuance date and at a price of $0.40 for the remainder of the two-year period.
Biocept Inc (NASDAQ:BIOC), a Californian provider of liquid biopsy tests, has struck up an agreement with an undisclosed independent physician association in its home state to provide liquid biopsy testing services to its physicians. As part of the tie-up, Biocept will offer the association an array of cancer detection tools such as biomarker tests as well as a liquid biopsy panel to help its physicians cater to their patients.
GlobeX Data Ltd (CSE:SWIS) (OTCMKTS:SWISF), a provider of cybersecurity platforms, has forged an agreement with the Sebastian Alliance Group, a new re-seller in the Bahamas for its suite of cybersecurity and data management cloud services programs. The five-year contract offers Sebastian the chance to resell all of GlobeX's cybersecurity and data management cloud services, including Sekur, its latest security offering for the very wealthy.
Fura Gems Inc (TSXV:FURA) (OTCMKTS:FUGMF) is plowing into novel territory by forging a US$3.8 million share purchase pact with GemRock to acquire interests in a trio of ruby mines in Mozambique's Cabo Delgado province as well as a separate pact to secure the rights to explore in Russia, Brazil and parts of Mozambique without facing competition from GemRock.
Capstone Turbine Corporation (NASDAQ:CPST) announced Monday that it has won an order for a C1000 Signature Series ICHP microturbine for an industrial processing business park in Scotland. The order was secured by SCE Energy, Capstone’s exclusive distributor in Ireland, Scotland, Wales, and Northern UK. It is the first phase of a multi-phase development project with a scheduled commission date of April 2020. An additional one to two megawatts are expected to be installed within the next 18 months rounding out phase three of the development project in 2022, the company said.
Phunware Inc (NASDAQ:PHUN) has hired a SHO compliance firm, taking aim at what it believes to be illegal short selling designed to deliberately lower its share price. The Austin, Texas-based cloud platform provider said it is concerned that its shareholders are being victimized by manipulative trading practices and abusive short selling. The firm will provide short sale trading statistics and market integrity surveillance to spot trading irregularities and ultimately report violations of the law to regulators.
Atlas Engineered Products Ltd (CVE:AEP) (OTCMKTS:APEUF), the wood products specialist, has closed an oversubscribed private placing for over C$4.5 million, it told investors on Monday. The financing was previously announced in December last year, for proposed gross proceeds of up to C$4.25 million. "We are very pleased by the strong interest in AEP that we've received from across North America as demonstrated by our oversubscribed private placement," said the group's chief executive and President Dirk Maritz.
Ideanomics Inc (NASDAQ:IDEX) said that the newly formed Global Partnership Against Coronavirus Alliance (GPACA) will work to bring “rapid medical solutions, preventive care, and policy proposals” to battle the coronavirus pneumonia epidemic. The GPACA's founding board members include high-profile Chinese billionaire entrepreneur Dr Bruno Wu, who is chairman of the Sun Seven Stars Investment Group and fintech company Ideanomics, Jay Park, president of Suponic Group, His Excellency Al Gurhair, chairman of Essa Al Ghurair and Dr Vincenzo Costigliola, founder and president of the European Medical Association. The new humanitarian organization enjoys the royal endorsement of Sultan Abdullah of Malaysia.
Lexaria Bioscience Corp (OTCMKTS:LXRP) (CSE:LXX), an innovator in drug delivery platforms, said that it issued 550,000 stock options to a company insider for the purchase of up to 550,000 shares at an exercise price of US$0.47. The options are being issued after the company's shareholder approved equity incentive plan and are exercisable for a period of five years without any vesting provisions. The options will be subject to a four month hold period.
NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) has partnered with augmented reality content creator Poplar, marrying its WebAR technology with the firm’s campaign creation platform. Poplar provides AR campaigns on-demand to music labels, entertainment videos, beauty brands and others. Its past clients have included Universal Music, Disney, Warner Brothers, L’Oréal, eBay and Red Bull. NexTech's WebAR solution has helped brands — like Walther Arms, Mr. Steak and Budweiser — create interactive 3D AR assets out of static images, without requiring any AR or programming knowledge.
Vendetta Mining Corp (CVE:VTT) reported “highly encouraging” results from material sorting test work at its Pegmont lead zinc project in Queensland, Australia. The X-ray transmission (XRT) sorter can easily differentiate between high grade material and lower density waste at Pegmont, the company said in a statement Monday. The results could indicate that plant feed material can be screened prior to grinding and flotation, removing waste and lower-grade material from the ore.
New Pacific Metals Corp (CVE:NUAG) (OTCMKTS:NUMPF) updated Monday on its agreement over land surrounding its flagship 3.17 sq km Silver Sand project in Bolivia.The project is owned by Alcira, which was bought by New Pacific in 2017. In January last year, New Pacific announced that Alcira had struck a mining production contract (MPC) with Corporación Minera de Bolivia (COMIBOL), granting Alcira the right to carry out exploration, mining, and production activities in the areas adjoining the Silver Sand project. The MPC covers up to a huge 56.9098 sq km and involves two separate areas.
Allan Hartley, CEO of Bay Talent Group (CVE:HIRE), offered his thoughts late last month on the Canadian boutique consulting group’s direction in a C-Suite video interview, a popular program presented by the Toronto Stock Exchange and the TSX Venture Exchange. To tune into the video, click on the following link: https://www.youtube.com/watch?v=NJ8_G406Ylw. Headquartered in Toronto, Bay Talent is setting up a network of staffing, tech and consulting companies. Its two existing boutique consulting firms are Provision IT Resources and PTC Accounting and Finance Inc, which provide an array of staffing services for accounting, finance, IT and human resources.
Mineral explorer Maxtech Ventures Inc (CSE:MVT) (OTCMKTS:MTEHF) updated shareholders on its planned 4,000-metre drill program at the Panama Lake gold project in the Red Lake district of Ontario. The firm is planning to test several new targets deemed high priority after a recently completed magnetic survey. Maxtech believes that the regional geology and fault system at Panama Lake appear to be similar to Red Lake neighbor Great Bear Resources’ Dixie project, where a large amount of high-grade gold was discovered last year.
WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) revealed that its new subsidiary Starseed Medicinal Inc, is now the preferred supplier of medical cannabis to over 51,000 myHSA participants across Canada. myHSA sells its platform through 2,600 advisors, working with over 8,500 employers and is recognized for its digital wellness and reimbursement platform.
Giles, 11:29 AMBroker Roth has repeated a 'Buy' and hiked the price target on China-focused miner Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) following the group's third quarter results last week. Silvercorp produces silver, lead and zinc metals in concentrates from mines in China. "Results were slightly below expectations mainly due to metals pricing," noted analyst Joe Reagor. "Additionally, SVM provided initial fiscal 2021 guidance with slightly higher than anticipated capital expenditures. However, these factors were more than offset by the increase in valuation of the company's investments," he added. Therefore, the broker has lifted the price target from to US$6 from US$5.50 and reiterated its 'Buy' rating.
Ventripoint Diagnostics Ltd (CVE:VPT) (OCTMKTS:VPTDF) has closed the first tranche of its previously announced non-brokered private placement of 725 secured convertible debenture units at C$1,000 per unit for gross proceeds of C$725,000, and has exchanged the existing debentures and repriced and extended the associated warrants. The company intends to complete the financing of up to C$1,220,000 of debenture units. The company also is offered 12,000 common share purchase warrants exercisable for one common share at a price of C$0.10 per share.
Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) said following a 10% over-allotment, the size of its previously announced private placing has been increased by $1 million, to $11 million. The financing consists of a total of up to 9.5 million units at $1.15 each for total gross proceeds of up to $11 million. Each unit consists of one share and one-half of a share purchase warrant. Each warrant entitles the holder to buy a further share at C$1.60 for 36 months from closing. Proceeds will be used for corporate development, facilities expansion, technology advancement, and general working capital, the firm said.
Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) has moved a step closer to drilling at its flagship Sombrero copper-gold project in Peru, with the receipt of a government environmental permit. The Declaración de Impacto Ambiental (DIA) covers an area of 1,031 hectares and means the firm can drill up to 33 holes on the Ccascabamba Sombrero Main target area, where Auryn has completed the majority of its work so far.
Parallax Health Sciences Inc (OTCMKTS:PRLX) announced Monday that its wholly-owned subsidiary Parallax Health Management Inc has contracted its Good Health Outcomes mobile application and technology platform for deployment within the US healthcare industry. The Critical Care Hospitals within rural US communities, doctor’s offices including primary care and specialty practices, and nursing operations have all contracted with Parallax Health Management for the adoption and onboarding of patients on the company’s proprietary and patented Good Health Outcomes mobile application, according to a statement. The platform is among the most scalable and flexible remote patient monitoring systems on the market, Parallax said.
Medallion Resources Limited (CVE:MDL) (OTCMKTS:MLLOF), which aims to increasingly produce key magnet metals, revealed it had received inquiries from several rare-earth element (REE) refineries. The firm wants to produce REEs via the processing of monazite tailings using feedstock sourced from the southeast of the US. These REE refineries' inquiries to Medallion come against the backdrop of the recent US Department of Defense’s Funding Opportunity Announcement (FOA), which sees the government looking for proposals to establish or enhance domestic light REE processing under the Defense Production Act (DPA).
mCloud Technologies Corp (CVE:MCLD) (OTCQB:MCLDF) announced Monday that it has signed a contract to acquire technologies from Boston-based AirFusion Inc, a provider of visual inspection and monitoring technology powered by artificial intelligence. Also, mCloud acquired from AirFusion, its subsidiary AirFusion GmbH, existing customer contacts, and technologies under development from its partner in Warsaw, Poland. "AirFusion's AI-derived results from wind turbine blade images are the best we have seen, reducing processing times by over 90% without compromising high accuracy," said Dave Weinerth, mCloud's president, Smart Energy. "This acquisition in combination with AssetCare gives mCloud a serious competitive edge over other wind blade inspection providers."
Acasti Pharma Inc (NASDAQ:ACST) (CVE:ACST) said that a “detailed examination” of the Phase 3 TRILOGY 1 results for lead drug CaPre, which treats severe hypertriglyceridemia, is underway in specific clinical site audits and an audit of the central testing lab. The investigation looks into inconsistent findings that may have negatively impacted results reported in TRILOGY 1. Acasti said it will request a meeting with the FDA to discuss the TRILOGY 1 data, and will seek its guidance on how to conduct the analysis of the TRILOGY 2 data prior to unblinding TRILOGY 2. “We project that our current cash position will now last through calendar 2020, giving us the necessary runway to complete our extended analysis of the TRILOGY program,” said CEO Jan D’Alvise.
Volition Rx Limited (NYSE AMERICAN:VNRX) has lodged S3 and S8 registration statements with the Securities and Exchange Commission to reduce its legal burdens and boost the liquidity of its stock. Volition is not registering any shares to sell for itself and will not receive proceeds from the sale of shares by its shareholders. The Belgium-based biotech only stands to benefit from the exercise of certain warrants and options covered by the registration statements. Any proceeds from these sorts of arrangements will be put towards working capital. The cancer-focused biotech has developed a series of easy-to-use blood based tests which have been proven to accurately diagnose a range of cancers.
Minera Alamos Inc (CVE:MAI) added nearly C$1.2 million to its treasure chest with the sale of nearly 3.4 million shares in Prime Mining Corp. The company said Friday that it had disposed of 3,360,000 shares of Prime for gross proceeds of C$1,213,000. Proceeds from the sale will go towards the acquisition of a new crushing system and not impact available working capital for the ongoing construction of the Santana gold mine.
Diamond explorer Arctic Star Exploration Corp (CVE:ADD) (OTCMKTS:ASDZF) has granted a total of 2 million stock options to its directors, officers and consultants to buy up to 2 million common shares in Arctic Star pursuant to its stock option plan. Each option is exercisable for five years at C$0.08 per share.
WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF), the cannabis-focused producer, said the TSX Venture Exchange had accepted for filing documentation about a non-brokered private placement announced November 29 last year. Placed were over 23.079 million shares at C$1.0832 each. There was one placee.
Gold Resource Corporation (NYSE American:GORO) will host its annual shareholder meeting on May 21 at 8am (Mountain Time) at the Embassy Suites hotel in Centennial, Colorado. The gold and silver producer has operations in Oaxaca, Mexico and Nevada and has returned $113 million to its shareholders in monthly dividends since 2010. Shareholders have the option of exchanging their dividends for their comparable worth in physical gold and silver.
The TSX Venture Exchange has accepted for filing documentation in connection with a purchase and sale agreement dated January 27 this year between the company's wholly owned subsidiary Arizona Silver Exploration U.S. Inc and John B (Bucky) Pemberton (the seller), whereby the seller will assign and transfer a 100% interest in 11 unpatented claims in the Philadelphia project in Mohave county, Arizona. Consideration is US$20,000 and 250,000 shares.