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NA Proactive news snapshot: Ipsidy, BioSig Technologies, Metalla Royalty & Streaming, Internet of Things, TRACON Pharmaceuticals UPDATE...

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

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Ipsidy Inc (OTCQB:IDTY), a provider of mobile biometric identity verification technology, posted second quarter results Thursday that revealed a narrowing loss, despite revenue challenges imposed by the coronavirus (COVID-19), followed by a relaunch in June. The coronavirus has presented Ipsidy with new opportunities, the company said, as COVID-19 is accelerating demand for verifying identity remotely, as well as securing touchless interaction as more businesses reopen. The company reported revenue of $300,000 in the three months ended June 30, compared to $600,000 in the same period a year ago, a dip the company pinned squarely on the global pandemic.

BioSig Technologies Inc (NASDAQ:BSGM) subsidiary ViralClear Pharmaceuticals Inc announced Thursday that professor Angus Dalgleish has joined its scientific advisory board (SAB). Dalgleish is the foundation chair of oncology and honorary consultant in medical oncology at St. George’s University and Hospital and London as well as principal of the Institute of Cancer Vaccines and Immunotherapy. 

Metalla Royalty & Streaming Ltd (CVE:MTA) (NYSEAMERICAN:MTA) said Thursday that it had converted a C$6 million loan from Beedie Capital via the issuance of 1,079,136 shares to Beedie to satisfy the amount outstanding. Beedie advanced a further $5 million under the loan facility at the end of July. Metalla also said that it is accelerating the expiry date of certain warrants exercisable at an adjusted price of C$3.12 per share that were issued as part of an earlier private placement. The acceleration was triggered by Metalla’s share price exceeding C$6 per share for ten consecutive trading days. The new expiry date is set for 4pm PST on September 4, 2020. As of July 31, 507,186 Warrants (including 19,718 broker warrants) have yet to be exercised. If all of the outstanding warrants are exercised, the company will receive proceeds of approximately $2,342,870.

Internet of Things Inc (CVE:ITT) (OTCMKTS:INOTF) is teaming up with California-based research and development firm Makel Engineering Inc to conduct testing on its ThermalPass fever detection system, it reported Thursday. The news comes as ThermalPass, which accurately detects human body temperature at a distance, gets set to launch later this month. Makel Engineering specializes in the development of industrial, automotive, military and space-grade intelligent sensors and chemical conversion systems, working with leading organizations like the National Aeronautics and Space Administration (NASA) and commercial launch companies to provide engineering support for major projects.

TRACON Pharmaceuticals Inc (NASDAQ:TCON) reported second-quarter financial results after the market closed on Wednesday that showed it has enough funds to carry out a pivotal trial of single-domain antibody envafolimab as a treatment for sarcoma cancers. San Deigo-based TRACON said it expects to initiate enrollment in the ENVASARC trial evaluating envafolimab in the fourth quarter. It will be evaluate envafolimab’s effectiveness in treating undifferentiated pleomorphic sarcoma (UPS), a rare type of cancer that begins in the soft tissues, and myxofibrosarcoma (MFS), a cancer that appears as a painless lump on legs or arms. The company said it had cash and equivalents of $14.5 million as of June 30, 2020.

Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF), previously called Mawson Resources, is to joint venture its permitted and drill-ready Western USA epithermal gold project (WUSA) to Aguila American Gold Ltd (Aguila). In a statement, the junior explorer, said it has inked a letter of intent (LOI) over a deal, whereby Aguila will invest US$1.2 million in the project to earn up to an 80% interest. Mawson will hold a 20% non-dilutable position until a decision to mine, and will be free carried by loans from Aguila, repayable from production cash flows, it told investors.

KULR Technology Group Inc (OTCQB:KULR) revealed on Thursday that the US Patent Office has awarded it a patent for its Fiber Thermal Interface (FTI), a highly flexible and compressible high-performance thermally conductive carbon fiber material developed for a variety of different applications, including space, automotive, and electronics industries. The Campbell, California-based company’s FTI technology is a carbon fiber solution that is part of KULR’s space-proven thermal architecture. The company said it offers “superior thermal conductivity, ultra-lightweight and flexible mechanical properties designed for space exploration and applications” where efficient cooling, size and weight restrictions are paramount.

Calyxt Inc (NASDAQ:CLXT), a plant-based technology company, posted second-quarter results on Thursday that revealed s dramatic revenue increase and a ramping up in plant volumes. The company reported revenue of $2.3 million for the three months ended June 30, 2020, more than five times greater than its revenue in the same period of 2019. That jump was driven primarily by higher sales volumes, which included a purchase of 300,000 bushels of soybeans from one of the world’s largest processors.

Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), the leading psychedelic pharmaceutical company, has engaged renowned psychedelic-assisted therapy expert Dr Peter Gasser as an advisor to its LSD experiential therapy program Project Lucy. Gasser has pioneered the legal, medical use of psychedelics through clinical research and compassionate access in Switzerland. He has served as the President of the Swiss Medical Society for Psycholytic Therapy since 1997.

Benchmark Metals Inc (CVE:BNCH) (OTCQB:CYRTF) has reported very encouraging drill assays from a hole at its flagship Lawyers gold-silver project in British Columbia, which augurs well for the potential resource at the Cliff Creek area. The hole was sunk at a zone of limited historical drilling east of the Cliff Creek main zone and outside of the modeled mineralization, the company noted. From surface, it hit broad mineralization and yielded 57.91 metres (m) of 1.90 grams per tonne (g/t) gold and 91.96 g/t silver or 3.05 g/t gold equivalent. Within this, were higher-grade intervals include 33.53 metres of 3.17 g/t gold and 152.28 g/t silver or 5.07 g/t gold equivalent.

Information Services Corporation (TSE:ISV) delivered C$31 million in revenue during its second-quarter 2020 in what CEO Jeff Stusek called a “relatively strong” performance driven by cost management throughout the coronavirus pandemic. The Regina, Saskatchewan-based firm, which provides registry and information management services for public data and records, saw transactions return to normal in its Services segment but experienced lower transaction volumes in its Registry Operations division as consumers held back on big-ticket purchases like homes and cars.

Humanigen, Inc. (OTCQB:HGEN), a clinical stage biopharmaceutical company focused on preventing and treating cytokine release syndrome (CRS) with lenzilumab has announced the appointment of Bob Atwill, to the newly created role of Head of Asia-Pacific, effective immediately.  Atwill will report to Dr Cameron Durrant, Humanigen’s chief executive officer of and will initially serve on a consultancy basis. Atwill has more than 30 years of experience in the global healthcare industry across the pharmaceutical, biotechnology and cellular therapy sectors. He began his career at GlaxoSmithKline and Sanofi-Synthélabo prior to holding senior executive and consulting roles at Mesoblast, Benitec Biopharma and a number of other US, European and Australian-listed biotechnology companies. He currently serves as Principal at Eaton Square, a cross-border M&A and capital service provider, in its biotechnology practice, based in the Melbourne office.

Steppe Gold Ltd. (TSX:STGO), Mongolia's premier precious metals company, has announced that the previously announced C$15 million investment in the company by renowned Canadian resources investor Eric Sprott has been completed. Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired a total of 6,976,944 units in Steppe Gold at a price of C$2.15 per unit. The net proceeds of the investment will be used by the company to advance their exploration and development projects as well as for working capital and general corporate purposes.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL), the precious metals miner, posted a clutch of record numbers in its second quarter financials, despite the challenges posed by the coronavirus pandemic, including a net income compared to a loss in the same period last year. The group put the strong results down to the strong rise in the gold price and record output from its flagship Tucano mine in Brazil. Net income for the three months to June 30 came in at a record US$8.5 million compared to a loss of US$5.7 million for the second quarter of 2019.

The Flowr Corporation (CVE:FLWR) (OTCMKTS:FLWPF) has closed another round of funding under its agreement with Terrace Global to fund its outdoor medical cannabis site in Portugal. The facility in Aljustrel is jointly operated with Terrace Global (CVE:TRCE), a Canadian company focused on the development and acquisition of international cannabis assets. Under the second tranche, Flowr will receive C$500,000 as part of the equity line and profit share agreement with Terrace, which will fund the operations and certain expenditures at Aljustrel in exchange for a stake in Flowr.

Antibe Therapeutics Inc. (CVE:ATE) (OTCQB:ATBPF) said it has engaged Stern Investor Relations, Inc. to expand the company’s investor relations program and support efforts to broaden visibility within the US capital markets. In a statement, Dan Legault, CEO of Antibe commented: “We are excited to have engaged Stern IR as our new investor relations firm to support us in enhancing our visibility within the US clinical and financial communities.” Under the terms of the agreement, Stern IR will provide strategic advisory and comprehensive investor relations services for an initial six-month term, at a fee of US$17,500 per month. Subsequent to the initial term, the engagement will continue on a month-to-month basis and can be terminated by either party on 60 days prior notice. The agreement is subject to acceptance by the TSX Venture Exchange.

PUDO Inc. (CSE:PDO) (OCTQB:PDPTF), North America's only carrier-neutral parcel pick-up and drop-off network has confirmed, in response to a request by the Investment Industry Regulatory Organization of Canada that company management is unaware of any material change in the group's operations that would account for the recent increase in market activity.

Viscount Mining Corp (CVE:VML) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on July 29, 2020, which will see the issue of 23,958,332 shares at a purchase price of 24 cents per share, together with 23,958,332 share purchase warrants at an initial exercise price of 32 cents and a term to expiry of two years with 116 placees.

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), the leader in innovative pharmaceutically-produced transdermal cannabinoid therapies for rare and near-rare neuropsychiatric disorders, has announced that its chief executive officer, Armando Amido will present a company overview at the virtual 40th Annual Canaccord Genuity Growth Conference. The presentation will take place on Wednesday, August 12, 2020, at 4.30pm EDT. The meeting is being held virtually, and a live webcast of the presentation will be accessible on the Investor Relations page of http://www.zynerba.com.

Phunware, Inc. (NASDAQ:PHUN), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has announced that it will be presenting next week at the 40th Annual Growth Conference hosted by Canaccord Genuity. Due to the ongoing coro0navirus (COVID-19) pandemic, the conference will be held virtually this year from August 11-13, 2020. Phunware President, CEO and Co-Founder, Alan S. Knitowksi, will present on Thursday, August 13, at 8.00am CT / 9.00am. ET. Following the presentation, the Phunware Executive Team will be available for virtual one-on-one meetings throughout the day.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL), the precious metals miner, posted a clutch of record numbers in its second quarter financials, despite the challenges posed by the coronavirus (COVID-19) pandemic, including a net income compared to a loss in the same period last year. The group put the strong results down to the strong rise in the gold price and record output from its flagship Tucano mine in Brazil. Net income for the three months to June 30 came in at a record US$8.5 million compared to a loss of US$5.7 million for the second quarter of 2019. Mine operating earnings before non-cash items were a record US$35.8 million, up 233% on the figure of US$10.7 million a year ago. Cash flow from operating activities came in at US$19.5 million, versus a loss of US$5.5 million in 2Q, 2019.

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) unveiled plans to raise up to C$8.1 million (US$6 million) through a private placing of units with a consortium of four international investors to advance its mining assets in Sri Lanka. As the offering will result in the creation of new insiders, shareholder approval is required. Upon closing, the consortium will collectively own around 55% of the Ceylon Graphite capital, though individually no one subscriber will hold more than 15%. Paul Selvam Devadoss and Anuka BA Soza will join the board as directors.

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) says its development plans for the West Hazel oil field in Saskatchewan have been boosted as the company announced terms of a C$5 million convertible loan. In a statement on Thursday, the group said it had signed a term sheet with a New York based firm over the financing, which has a C$500,000 first drawdown to be paid within 14 months of closing. That first amount would be used to drill a short lateral well on the West Hazel site, said Hillcrest.

Biocept Inc (NASDAQ:BIOC) has reached an agreement with Aegea Biotechnologies Inc, a privately held life sciences company, to co-develop a polymerase chain reaction (PCR) assay to detect the coronavirus (COVID-19). The highly sensitive assay, which Aegea will design, will be based on the core Switch-Blocker technology used by Biocept in its oncology assays. The test is designed to increase the sensitivity in detecting the virus and provide additional information on specific strain types. Biocept has the first option to negotiate a license agreement for any assay the agreement produces for commercialization in its molecular lab.

GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) updated Friday on on-going exploration work at the Gold Drop property in British Columbia, where two new veins have been discovered by trenching west of the COD vein. The high grade, near surface COD vein has been an exploration focus at the asset. The first discovery vein ranges up to 0.5 metres thick and contains possible visible gold associated with pyrite, chalcopyrite and a grey sulphide mineral that is likely a telluride mineral, GGX told investors. A second discovery vein was exposed for a 50 metre strike length and contains pyrite mineralization, it added.

Arcadia Biosciences Inc (NASDAQ:RKDA) announced Thursday that it executed a term sheet to collaborate with Corner Foods in order to bring its GoodWheat portfolio of specialty wheat ingredients to China and Israel. Arcadia’s GoodWheat products are designed to offer unique health and nutritional benefits, such as higher fiber, improved protein quality and reduced allergenic gluten. Corner Foods will introduce GoodWheat products to consumers in China through the ecommerce site TMall and the cooking and lifestyle network Tastemade China

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) reported promising new data from the Kirus target on its Lost Cities-Cutucu project in Ecuador that doubles the size of the area over which high-grade copper-silver was found. Samples taken from the Kirus target returned grades of up to 6.1% copper and 51 grams per ton silver, according to a release Thursday. The high-grade samples are from an area adjacent to a five-kilometre diameter magnetic feature that first attracted exploration attention to the Kirus area, Aurania told shareholders. Soil sampling is underway near the target to identify areas of copper enrichment that may reflect underlying porphyry mineralization.

FansUnite Entertainment Inc (CSE:FANS) (OTCPINK:FUNFF) said Thursday that its acquisition target Askott Entertainment Inc will integrate over 6,000 casino games onto its platform. Vancouver-based FansUnite said software developer Askott inked a deal with The Ear Platform to integrate its Casino Aggregator hub onto Askott’s Chameleon Gaming Platform, which will now offer partners more revenue streams through access to thousands of casino games. In addition to enhancing partner offerings, the deal provides bettors with more entertainment options from which to choose, according to Askott.

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) is teaming up with premium cannabis brand Five Star Extracts to produce its products exclusively in Nevada. The Vancouver-based firm said Thursday that its subsidiary Alternative Medicine Association LC (AMA) signed a one-year licensing agreement with Five Star Group LLC to cultivate, manufacture and sell Five Star Extracts-branded products in the state. AMA will manufacture Five Star products, including its exclusive flavored Double Shot line and flavored cannabis tinctures, which have already received approval from Nevada’s newly-formed Cannabis Compliance Board.

Blackrock Gold Corp (CVE:BRC) (OTCQB:BKRRF) said Thursday that it is uplisting to the OTCQB Venture Market to facilitate greater US trading and liquidity. The Vancouver-based exploration company has a portfolio of precious metal assets in the prolific Northern Nevada Rift as well as the Walker Lane trend in western Nevada. In a statement, Blackrock said that the upgrade provides exemptions from US state securities that could help to increase liquidity and allow investment advisors to research and recommend Blackrock’s stock.

Marrone Bio Innovations Inc (NASDAQ:MBII) announced an agreement Thursday to team up with precision chemistry company Vive Crop Protection to pair the former’s biopesticide products with the latter’s Allosperse Delivery System. The collaboration is intended to provide a suite of products to growers in the US, starting with AZterknot FC, a fungicide for broad crop use that will be marketed by Vive. AZterknot combines reynoutria extract, the active ingredient in Marrone’s Regalia fungicide, and the disease-fighting power of azoxystrobin, the active ingredient in Vive’s AZteroid FC.

Quick facts: TRACON Pharmaceuticals


Price: 4.27 USD

Market Cap: $82.97 m

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TRACON's ENVASARC trial to continue after 2nd Independent Data Monitoring...

TRACON Pharmaceuticals (NASDAQ:TCON) Inc (NASDAQ:TCON) CEO Charles Theuer spoke to Proactive about the latest advancements on its ENVASARC trial to treat cancer with its therapy called envafolimab. Theuer says that the Independent Data Monitoring Committee has recommended that the trial...

on 08/10/2021

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