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NA Proactive news snapshot: Mota Ventures, New Pacific Metals, Gold Resource Corporation, Telson Mining, Empower Clinics, Silvercorp Metals 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

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) is expanding its Sativida brand of CBD products throughout Europe, it said Monday. Sativida is an online retailer in Spain and Mexico, with distribution channels in Spain, Portugal, Austria, Germany, France and the UK. In a statement, Mota said it was “very confident” it would rapidly acquire customers throughout Europe and the UK.

New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUMPF) announced Monday that Mark Cruise, the company’s chief operating officer, will take the helm as CEO of the Vancouver-based exploration company. Cruise assumes the role from Rui Feng, who will stay on as a director and continue to be involved in the direction, strategy and governance, according to the company. In a statement, Feng said it was “time for a transition” after spearheading the Vancouver-based company’s discovery of the Silver Sand deposit in Bolivia.

Gold Resource Corporation (NYSEAMERICAN:GORO), a gold and silver producer with operations in the US and Mexico, announced an April dividend of one-third of $0.01 per share. The dividend is payable on May 26 to shareholders on record on May 11. The company has returned $114 million to its shareholders in consecutive monthly dividends since July 2010, and shareholders have the option to convert their dividends into physical gold and silver.

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) is seeking a 30 day extension to the closing date of its earlier announced private placing  of up to of up to 30 million units at C$0.10 each for total proceeds of up to C$3 million, As announced on February 13, this year, the mining firm closed the first tranche for total proceeds of around C$1.89 million. Also in Monday’s brief statement, Telson said in accordance with the Blanket Relief granted by Canadian Securities Administrators in March, it will be delaying the filing of its audited annual financial statements for the year ended December 31, 2019. Telson expects to be able to complete the filings on or before June 16, this year.

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) expects to rely on the temporary blanket relief provided by the Canadian Securities Regulatory Authorities for the filing of its financials for the year ended December 31, 2019 and for the first quarter March 31. On March 23, the TMX Group exchanges Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) announced temporary blanket relief measures for listed issuers during the Coronavirus (COVID-19) pandemic. PyroGenesis said it expects to file its annual filings on or before June 15 this year and its Q1 2020 filings on or before July 16 this year. HPQ Silicon Resources Inc (CVE:HPQ), with which the firm is partnered, also said Monday it expects to rely on the same relief for the filing of its annual and 1Q filings.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) is helping in the fight against the global pandemic and revealed it has started coronavirus (COVID-19) antibody testing at its Sun Valley Health clinics in Phoenix, Arizona, USA. The health and wellness group has established a four-phase national testing program using RAPID COVID-19 test kits, it said in a statement on Monday. Antibody testing is an essential part of the battle against the disease because it can help to establish who, and how many people, have been infected.

Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) revealed on Monday that it is acquiring mid-tier gold producer Guyana Goldfields Inc (TSE:GUY), which runs the Aurora gold mine in the South American country, in a C$105M deal. "This transaction will create a new globally diversified precious metals producer with the addition of Aurora to our growing asset portfolio," Rui Feng, chairman and CEO of Silvercorp said in a statement.

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) has revealed that it snapped up a record number of new customers in the period from April 1-April 23, with an interim total of 14,388 new customers acquired for its Nature's Exclusive brand. The Vancouver-based company also reported that each new customer spent an average of US$151.96 in the period and that 1,748 new customers bought immune-support products, making it a very popular category. Mota said there was “strong demand” for natural health solutions in the month and, as a result, the company will be launching a hand sanitizer containing CBD through its Nature's Exclusive brand on May 1.

Metalla Royalty and Streaming Ltd (CVE:MTA) (NYSEAMERICAN:MTA) has announced a deal to buy a private Nevada company for US$4 million, which adds two high-quality gold royalties on-trend to one of the largest gold operations in the world to its portfolio. The royalty firm has struck a share purchase deal with Idaho Resources (IRC), which boasts a 0.5% gross overriding royalty (GOR) on the Anglo/Zeke claim block in Eureka County, Nevada. The block lies southeast of the Cortez Operations and Goldrush project owned by Nevada Gold Mines (NGM), which in turn is a joint venture established last summer between titans Barrick Gold Corp, which holds 61.5%, and Newmont Newmont, which has a 38.5% stake.

Canafarma Hemp Products Corp (CSE:CNFA) is getting ready to kick off manufacturing of its hemp oil-based products after revealing it has signed a letter of intent to purchase a 25,000 square foot facility in New Jersey from an unnamed private company. The owners currently manufacture pharmaceutical and nutraceutical products, which Canafarma plans to acquire and continue production, the Vancouver-based firm told shareholders. Canafarma said it intends to expand the use of the facility to manufacture its YOOFORIC hemp oil-based consumer goods. YOOFORIC currently markets a hemp-infused chewing gum and hemp oil-based pain relief creams.

Blackrock Gold Corp (CVE:BRC) has unveiled plans for an initial 7,000 metre drill campaign at its Tonopah West project at the famous Walker Lane trend in Nevada, earmarked to begin in June this year. The previously worked Tonopah silver district produced 174 million ounces of silver and 1.8 million ounces of gold, while Blackrock's ground yielded 2.1 million tonnes of total Tonopah gold and silver production, the firm noted in a statement.

Orgenesis Inc (NASDAQ:ORGS), a global biotechnology company, has completed the acquisition of Tamir Biotechnology Inc and its broad-spectrum antiviral platform, ranpirnase. The deal included cash and stock of roughly $21 million. The company will use ranpirnase to target human papillomavirus (HPV), which causes genital warts. A topical version of ranpirnase was evaluated in Phase 1/2 clinical trials targeting genital warts, and it demonstrated a clear clinical effect and a good safety profile.

EuroLife Brands Inc (CSE:EURO) (OTCPINK:EURPF) said its CEO Shawn Moniz has exercised over 1.5 million warrants priced above market offer at C$0.05 in a demonstration of his longer-term belief in the potential of the business. The CEO has now purchased over two million shares in the past 60 days, Toronto-based EuroLife said. In a statement, Moniz told shareholders that the company’s current share price of C$0.04 is not reflective of the potential of its business plan and the long-term outlook for the health and wellness markets in the European Union.

NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF) announced Monday that capital formation expert Marcus Laun has joined the company in the newly created role of vice president of corporate finance. Laun has spent the past two decades as a founding principal or senior advisor to fifteen public and private companies, the company noted. He previously advised and invested in an organic food brand company that sold for C$250 million, and he has raised capital for companies in the solar, wind, oil and gas and alternative fuel industries. "Mr. Laun's experience in financial services will pave the way to building and growing the relationships and managing the inquiries that are coming to NetCents daily," CEO Clayton Moore said in a statement.

Zinc One Resources Inc (CVE:Z) (OTCMKTS:ZZZOF) said it has appointed finance professional James Liang as the company’s new board member to replace Greg Crowe, who has stepped down as a director. Liang currently works with New Margin Ventures, which is a venture capital firm based in Hangzhou, China. He has a Bachelor of Commerce degree from the University of British Columbia, and financial risk manager certification from the Global Association of Risk Associates (GARP). He has also completed two levels of the chartered financial analyst exams.

ImagineAR Inc (CSE:IP) noted that the Canadian Securities Administrators (CSA) have provided issuers with a 45-day extension for filings required on or before June 1, 2020 to allow the time needed to focus on the many other business and financial reporting implications of the coronavirus (COVID-19) pandemic. The company said it will rely on this exemption and it is continuing to work diligently and expeditiously to file its Interim Filings before June 15, 2020. In the interim, management and other insiders of the company are subject to a trading black-out policy. ImagineAR confirmed that since the filing of its interim consolidated financial statements for the period ended November 30, 2019 there have been no material business developments other than those disclosed through news releases.

Nabis Holdings Inc.(CSE:NAB) (OTCMKTS:NABIF), a Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, has announced that due to circumstances created by the coronavirus (COVID-19) pandemic, the BCSC and other members of the Canadian Securities Administrators has granted “Issuers” in the Canadian securities industry up to an additional 45 days to complete year-end and first quarter 2020 statutory filings.  As a result, the company said it will not be able to file its December 31, 2019 audited annual financial statements, Management Discussion and Analysis and Annual Information Form by its usual 120-day deadline of April 29, and will be relying on the extension. It added that the company’s management and other insiders will be subject to a trading black-out until the statutory documents are filed, which will be on or before June 12. Nabis said it intends to file the Q1 Fiscal 2020 documents no later than July 14. It added that other than as previously disclosed by the company in news releases there are no other material business developments since the most recent filing of the unaudited interim financial statements and associated management’s discussion and analysis for the 3 and 12 month periods ended October 31, 2019.

The Flowr Corporation (CVE:FLWR) (OTCMKTS:FLWPF) closed a C$20 million private placement backed strongly by management and insiders. The medical cannabis company’s chairman Steve Klein and CEO Vinay Tolia led the offering with commitments of more than C$10 million and management and insiders will continue to own around 59% of shares after the financing closes. Flowr has the option to increase the offering by C$5 million to raise a total of C$25 million. 

CytoDyn Inc (OTCQB:CYDY) said it reached a milestone Monday, namely its submission to the FDA of the final two parts required to license leronlimab as a combination therapy with highly active antiretroviral therapy (HAART) for HIV patients, who are highly treatment experienced. The move marks CytoDyn's transition from a development-stage company to a commercial organization, said Nader Pourhassan, president and CEO of CytoDyn.Monday also saw the biotech firm report that Michael D Mulholland had been hired as interim chief financial officer. He most recently served as executive advisor to the CEO and senior vice president of finance.

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