NA Proactive news snapshot: Ozop Surgical, CytoDyn, Globex Mining, Heritage Cannabis UPDATE …

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

Antibe Therapeutics, Inc. - NA Proactive news snapshot: Antibe Therapeutics, Mirasol Resources, NexTech AR Solutions, Auryn Resources …
Your daily round-up from the world of Proactive

Ozop Surgical Corp (OTCMKTS:OZSC) announced Friday it will acquire 100% of Power Conversion Technologies Inc stock from Catherine Chis, the electronics company’s president and sole shareholder. In othernews, Ozop Surgical said CEO Michael Chermak and CFO Barry Hollander have resigned, and Brian Conway has been named both chief executive and interim CFO. Chermak will remain as the sole director of the company.

CytoDyn Inc (OTCMKTS:CYDY) CEO Nader Pourhassan and CFO Craig Eastwood will host a conference call on March 5 to provide a comprehensive update on several recent developments, including the company’s filing of an IND and Phase 2 clinical trial protocol with the FDA for the treatment of coronavirus with leronlimab in the US. Top managers also will give an overview of ongoing licensing opportunities with several countries for the use of leronlimab for the treatment of HIV, cancer and coronavirus.

Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) partner Chibougamau Independent Mines Inc (CVE:CBG) posted the results of the deepest drill hole so far at the C-3 copper/gold discovery on the Bateman Bay property in Quebec, which hit precious metals. Globex, an exploration, royalty and property bank, holds a 3% gross metal royalty on the Bateman Bay and Grandroy mine properties. The hole hit the C-3 copper-gold zone 65 metres below a previous hole at a vertical depth of 515 metres (m), Chibougamau told investors in a statement.

Heritage Cannabis Holdings Corp (CSE:CANN) reported fiscal 2019 full-year results on Friday that included the company’s first revenue from cannabis operations in the fourth quarter. The Toronto-based company brought in $3.6 million in the 12 months ended October 31, all from the fourth quarter, compared to no revenue the year before. Its net loss was $13.2 million, $0.03 per share, narrower than its $6.4 million loss, $0.04 per share, in 2018. 

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSX:EFR) updated investors Friday on its forays into the rare earth element (REE) sector at its White Mesa Mill property in Utah. The company is primarily a uranium producer, but many ores and alternate feed materials that contain uranium also contain recoverable quantities of REEs, the company said, which in some cases can be processed under the Mill's existing license and permits. In addition to uranium and vanadium, the mill is licensed for the production of other minerals, including tantalum, which made the US Department of the Interior's Critical Minerals List.


Medexus Pharmaceuticals Inc (CVE:KMDP) (OCTMKTS:PDDPF) said that through its US-based subsidiary, it acquired Aptevo BioTherapeutics LLC, a Delaware company owning the worldwide rights to hematology asset, IXINITY, from Aptevo Therapeutics Inc (NASDAQ:APVO), a biotechnology company developing oncology and hematology drugs. The company bought Aptevo BioTherapeutics LLC for up-front cash of approximately $30 million (inclusive of around $9.5 million of working capital acquired). The revenue-spinning acquisition is financed entirely with existing cash, and a new $20 million term loan credit facility with MidCap Financial. For the first nine months of 2019, IXINITY generated revenue of $23.4 million, representing year-over-year growth of nearly 40%.

Power Ore Inc (CVE:PORE) inked a blockbuster deal to acquire two past-producing mines next to the firm’s Springer and Perry projects in Quebec.The transaction for the Robitaille and Cooke mines, which produced copper and gold respectively, increases Power Ore’s Opemiska Copper Complex from 797 hectares to over 9,800 hectares. The new land package covers nearly 12 kilometres of a key structural feature known to control regional mineralization known as the Gwillim Fault, boosting the property’s exploration potential.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) said Friday that due to “increased interest,” a second allotment has closed in its previously announced non-brokered private placement, through an additional 3,062,500 shares being issued at C$1.60 per share for proceeds of C$4.9 million. The junior exploration company which is advancing a portfolio of seven assets across North and South America with a highly-skilled team and some impressive investors, raised a total of C$15 million by issuing 9,375,000 shares in February, putting the company on a strong financial footing. The proceeds will be funneled into continued surface exploration at its Sombrero and Curibaya projects located in southern Peru and for general working capital.

Perma-Fix Environmental Services Inc (NASDAQ:PESI) announced Friday the expansion of its Low-Level Radioactive Waste (LLRW) processing and treatment capacity through the addition of a highly specialized facility in Oak Ridge, Tennessee. The Perma-Fix Environmental Waste Operations Center (EWOC) is an 8.7-acre facility located on the East Tennessee Technology Park (ETTP), which is a former US Department of Energy (DOE) K-25 site. The facility is dedicated to supporting LLRW processing and disposition, including mechanical processing, to manage multiple waste streams from both government and commercial customers.

Mirasol Resources Ltd (CVE:MRZ) (OTCMKTS:MRZLF) revealed it is to option its Virginia Silver project in Argentina to Golden Opportunity Resources Corp (CSE:GOOP). The project generator first discovered the deposit in 2009 and has defined high-grade, epithermal style mineralization there. A resource estimate in 2016 pegged higher confidence indicated resources at 11.9 million ounces of silver at 310 grams per ton (g/t) and a further inferred 3.1 million ounces of silver at 207 g/t.

Antibe Therapeutics Inc (CVE:ATE) (OTCMKTS:ATBPF) said Friday that the last patient has been enrolled and is on treatment in the Phase 2B dose-ranging, efficacy study of Antibe’s lead drug, ATB-346. The study is evaluating the effectiveness of ATB-346 in reducing osteoarthritis pain compared to placebo in 360 patients.

NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) announced Friday that CEO Evan Gappelberg and his wife each purchased US$50,000 shares in company stock in the open market. Gappelberg purchased more than 35,000 shares at C$1.85 per share, bringing his total shares owned to 4.4 million.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) has unveiled positive exploration results from its Curibaya project in Peru, where it is developing targets and believes it is onto a 'robust' precious metals system.  The presence of high-grade silver-gold veins across a 4 by 4 kilometer alteration system demonstrates "robust metal endowment", the company said in a statement.

Mawson Resources Limited (TSE:MAW) (OTCMKTS:MWSNF) said Friday that it has drilled the “best hole ever drilled” at its Rajapalot project in Finland. The Vancouver-based company intersected 17.7 metres at 3.8 grams per ton (g/t) gold, 880 parts per million (ppm) cobalt and 4.3 g/t gold equivalent from 293 metres at its South Palokas prospect on the property. Another hole from South Pakolas intersected the highest cobalt reported to date from the prospect, with 12 metres at 5.4 g/t gold, 2,221 ppm cobalt and 6.8 g/t gold equivalent from 303 metres.

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) told investors Friday that it continues to conduct recycling tests of its patented RecycLiCo process on the battery manufacturing waste product of a tier-one lithium-ion battery manufacturing company, to produce recycled sulfate products. In late 2019, American Manganese reported initial results, successfully recovering high purity (99.98% and 99.977%) nickel-cobalt hydroxide from the lithium nickel cobalt aluminum oxide battery cathode scrap material. 

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) has bought more claims near its Kenville gold mine project in British Columbia. Ximen has struck a deal with private company 49er Creek Gold Corp to buy its properties for cash and shares, which comprise 107 mineral claims, and eight occurrences, covering around 4,276 hectares in the Nelson mining district. Four of the eight areas were past producers, including the Queen Victoria occurrence, which generated 246 ounces of gold, 20,544 ounces of silver and around 1.48 million pounds of copper.

Klondike Gold Corp. (CVE:KG) (OTCMKTS:KDKGF) has extended the term of 5,575,000 warrants issued under its private placement which closed on April 4, 2017. The warrants are currently exercisable at $0.30 per share and are set to expire on April 4, 2020. The company is applying to extend the expiry date of the 5,575,000 warrants to April 4, 2022. All other terms of the warrants, including the exercise price will remain unchanged, it said.

Exro Technologies Inc. (CSE:XRO) (OTCMKTS:EXROF) announced that, further to its news releases dated February 6 and 14, 2020, it has closed the second and final tranche of its oversubscribed non-brokered private placement financing and raised $4,299,590 through the issuance of 12,284,545 common shares at a price of $0.35 each, while in the second tranche, 2,253,897 shares were issued for gross proceeds of $788,864. The group said the net proceeds raised from the offering will be used to fund development of the company's current and new technology programs, the buildout of its new Calgary Innovation Centre, working capital and general corporate purposes.

Carube Copper Corp (CVE:CUC) said the TSX Venture Exchange has accepted for filing documentation relating to its share purchase agreement, dated December 9, 2019, with several arm's-length vendors, whereby the company has acquired all issued and outstanding shares of Latin America Resource Group Ltd. (LARG), which is in the process of transferring a 100% interest in eight exploration concessions and has an option to earn a majority interest in five additional exploration concessions on the Jasperoide copper-gold project, located in Andahuaylas-Yauri belt of Peru, to its wholly-owned Peruvian subsidiary.

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