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NA Proactive news snapshot: Hillcrest Petroleum, Clean Coal, Medexus Pharmaceuticals, Lord Global UPDATE …

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

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Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) told shareholders that it has stabilized production from the West Hazel heavy oil field in Saskatchewan at around 150 barrels per day from the beginning of August to the first week of September. In a shareholder update, the Canadian oil and gas producer said production rates took some time to stabilize after being shut-in for a period during the second quarter due to pandemic-driven low oil prices. “Current stable production rates are partly due to well work overs and maintenance, funded through the recent equity placement,” said the company. The oil and gas firm added that a development well is expected to "significantly increase" oil production in the fourth quarter.

Clean Coal Technologies Inc (OTCQB:CCTC) signed a memorandum of understanding (MOU) formalizing its partnership with Energy Capital Economic Development in Gillette, Wyoming. The ECED enables legislative, local and state economic development in order to encourage private sector growth of companies to therefore stimulate economic benefit, the company said.

Medexus Pharmaceuticals Inc (CVE:MDP) (OTCQX:MEDXF) announced Thursday that it received a notice of compliance from Health Canada, granting the company approval to market its tumor imaging agent Gleolan in the country. Gleolan, which a 5-Aminolevulinic Acid (also known as 5-ALA), is essentially a dye that can make tumors and their small, finger-like projections more visible. After administration, areas within the tumor glow pink or red, and healthy brain tissue appears blue when exposed to a special blue light during surgery. The agent has been approved for the visualization of malignant tissue during surgery in patients with Grades III or IV gliomas, a type of tumor that occurs in the brain and spinal cord. 

Lord Global Corporation (OTCMKTS:LRDG) subsidiary 27Health Inc has signed an administrative and financing agreement with KeyOptions to bring COVID-19 testing units around the world. Virolens is a highly scalable screening device based on nano-cellular microscopes with holographic imaging and artificial intelligence software technology that utilizes a non-intrusive saliva swab test to detect the presence of the COVID-19 virus within 20 seconds. The agreement, announced Thursday, secures the rights to bring the Virolens COVID-19 testing units to Australia, Latin America, South East Asia, Turkey and a number of other geographies, according to the company. Initial trial orders are secured with launch customers worldwide, including the London Heathrow Airport.

International Montoro Resources Inc (CVE:IMT) has optioned the historic Blackfly gold property in Ontario near Agnico Eagle’s (NYSE:AEM) Hammond Reef gold deposit, it said Thursday. Blackfly consists of 64 claims totaling 1,296 hectares within the Marmion Lake fault zone along strike from Hammond Reef, a 4.5 million-ounce resource grading around 0.7 grams per ton (g/t) gold. One of the earliest discoveries in the Atikokan gold camp in 1897, previous exploration work on Blackfly revealed grab samples grading at 167 g/t and 85.6 g/t gold. The lineament containing the vein has alteration and mineralization traceable over a 4.4 kilometre strike length on the property, the firm said in a statement.

CytoDyn Inc (OTCQB:CYDY) announced Thursday that CEO Nader Pourhassan, CMO Dr Scott Kelly and Dr Jacob Lalezari, CytoDyn’s chief science advisor and CEO of Quest Clinical Research, will host an investment community conference call on September 16 at 4pm ET. The invited guests are Dr. Kush Dhody, director of clinical trials at Amarex Clinical Research, CytoDyn’s clinical research organization, and Dr Nicholas Agresti, whose patients received leronlimab under the US Food and Drug Administration’s emergency IND program. Dr Dhody will discuss the very successful FDA meeting concerning CytoDyn’s upcoming HIV BLA submission and Dr Agresti will speak about the experience of his patients who received leronlimab. CytoDyn will also provide an update on the ongoing discussions with the FDA and the UK Medicines & Healthcare product Regulatory Agency for leronlimab as a treatment for COVID-19. Management will dedicate approximately 45 minutes to address questions from analysts and investors. Dial-In: 877-407-8291 in US/ 201-689-8345 International

American Resources Corporation (NASDAQ:AREC), a raw materials supplier, told investors Thursday that it has further reduced its environmental liabilities through the remediation of certain idled, non-core permits. The company has been able to expedite its environmental reclamation process during the coronavirus (COVID-19) pandemic, receiving $400,000 of associated reclamation bonds. American Resources also said it has made progress in the reclamation process that would represent roughly $7 million in additional bonds.

CleanSpark Inc (NASDAQ:CLSK) announced Thursday that it has received a contract for multiple units of its intelligent switchgear equipment from a long-term energy development partner based in Houston. The two companies have now collaborated on over 100 unique microgrid projects for which CleanSpark has provided its custom intelligent switchgear. CleanSpark said its ATS solutions have previously been installed by the same partner to provide resilient microgrids for a large grocery store chain and for the world's largest retailer. CleanSpark added it expects additional units to be ordered in the coming months in continued support of these end-use clients. The most recent orders are for five Switchgear units, three of which will be installed on a surface water pumping station in the Houston area. The two additional units were ordered for a Texas-based grocery chain that has CleanSpark Switchgear currently deployed on several of their locations.

Byrna Technologies Inc (CSE:BYRN) (OTCQB:BYRN) posted record quarterly revenue of US$4.2 million thanks to strong sales of its HD launcher, a non-lethal security kit. The security firm has generated year-to-date sales of US$5.6 million in 2020, an increase of over 1,200% compared to the $424,000 it put up during the same period in 2019. During its fiscal 3Q for the period ended August 31, Andover-based Byrna saw most of its sales from the domestic market, which accounted for 88% of revenue, according to a statement. International sales made up the remaining 12% of revenue.

Lord Global Corporation (OTCMKTS:LRDG), soon to be renamed 27 Health Holdings Corp, announced Thursday that it has entered into a strategic partnership with 81 Logistics Group LLC. In a statement, Lord Global said that 81 Logistics has reached an agreement with Exxon Mobil Corporation (NYSE:XOM) to be a reseller of fuel products.  Becoming an Exxon Mobil reseller should enable the company’s partnership with 81 Logistics to perform on its agreements which already includes a major fuel distributor contract that would generate over $50 million a week

Fireweed Zinc Ltd (CVE:FWZ) (OTCMKTS:FWEDF) updated investors on exploration Thursday at its district-scale Macmillan Pass project in the Yukon, where early results from a ground gravity survey show a potential extension to the Boundary Zone. "The broad gravity anomaly extending from Boundary Zone into untested ground presents an intriguing opportunity for expansion of an already large zone there," said CEO Brandon Macdonald. "We are looking forward now to the drilling planned in that area and finding out if Boundary Zone extends well to the west." The company boss added that, thanks to the recent financing, the addition of a further third reverse circulation drilling, or RC drill rig to the program would allow some drilling at Tom and Jason that was previously unplanned.

VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) has outlined early exploration carried out this summer at its recently acquired Reveille silver-copper property in Nevada, which, it says shows the project's potential. The work at the 1,157-acre property has included airborne surveying and electo-magnetic work, along with hand sample mapping and detailed rock sampling.Results included six distinct distinct showings with vein and/or breccia mineralization containing over 100 grams per ton (g/t) silver and 1% copper. "I believe the high-grade silver and copper concentrations now confirmed at six different showings across the Reveille CRD mineral system speak for themselves as to the potential of this property," said VR Resources CEO Dr Michael Gunning.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) announced Thursday that it has commenced coronavirus COVID-19 testing through its Sun Valley Health operations in Arizona. The RT-PCR test kits and laboratory tests are being processed by Kai Medical Laboratory in Dallas -- the recently announced proposed acquisition target by Empower.

Pacific Empire Minerals Corp (CVE:PEMC) (OTCQB:PEMSF) has started reverse circulation (RC) drilling at its Weedon property in central British Columbia, where it hopes it may make a 'blind' discovery. The company, which has its own drill rig, will test the T1 target and targets nearby, which were the focus of previous exploration by Cominco in 1991, Geoinformatics in 2007 and Teck Resources in 2010 and 2011. The prospect generator says it wants to be the first explorer in this area to successfully reach bedrock. "As we gear up to drill the Jean Marie property in the coming weeks, we are excited to test the highly compelling T1 target at Weedon," Pacific Empire's CEO Brad Peters told investors in a statement.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) revealed on Thursday that its subsidiary Cocoon Technology has installed its CocoonPod self-service kiosks at the first of eight locations operated by one of Nevada’s largest cannabis retailers, THRIVE Cannabis Marketplace. Cocoon Technology LLC, which manufactures consumer-facing kiosks as stand-alone units or multi-unit pods for consumers has put up the CocoonPod kiosks at THRIVE’s dispensary location on 2755 W Cheyenne Avenue, in North Las Vegas.

Esports Entertainment Group Inc (NASDAQ:GMBL) has set its fiscal 2021 revenue guidance at $13 million, thanks to a “strong foundation” for growth. Since listing on the NASDAQ in April 2020, the online gambling company has completed two major acquisitions and formed partnerships with a number of leading esports companies. Malta-based Esports also put its fiscal 2022 guidance for the period ended June 30 at $25 million. Longer-term, the firm believes its VIE.gg platform is capable of generating $180 million in revenue if it can secure 5% of the $3.6 billion esports wagering market. The licensed online gambling company focuses on esports wagering and 18+ gaming. The company offers fixed-odds wagering, fantasy and pools on various esports events. “Now that we have completed several of the strategic milestones that we laid out in our roadshow, we are well-positioned for strong organic revenue growth,” CEO Grant Johnson said in a statement.

First Cobalt Corp (CVE:FCC) (OTCMKTS:FTSSF) has strengthened its commitment to a clean energy future, having joined the Critical Materials Institute (CMI) as a full team member. In a statement on Thursday, the mining group pointed out that the CMI, launched in 2013, supported research on expanding the domestic supply of critical minerals."We are honored to be one of the few resource-development companies to have been accepted to the CMI and the only such company focused on producing cobalt in North America," said Trent Mell, First Cobalt's president and CEO. "This membership greatly improves our network of companies and research facilities that share our dedication to a clean energy future. The CMI provides access to cutting edge technologies and brilliant people who are improving metal extraction processes to make them more energy-efficient, less costly, and reduce the impact to the natural environment."

Trillion Energy International Inc. (CSE:TCF) (OTCMKTS:TCFF) (FRA:3P2N) said it has closed a second tranche of its non-brokered private placement financing for aggregate gross proceeds of $216,080. Under the Offering, the company issued an aggregate of 3,601,333 units, at a price of $0.06 each, with each unit comprised of one common share in the company and one share purchase warrant which entitles the holder to purchase one common share at a price of $0.12 for a period of 24 months from the closing date. Under then offering, Trillion paid a cash commission to qualified non-related parties of $8,888 and issued 149,200 broker warrants entitling the holders to acquire one common share at a price of $0.12 per common share for a period of two years from the date of issuance. The securities issued in connection with the offering will be subject to a 4 month hold period in accordance with applicable securities laws in Canada. Additional hold periods may apply in accordance with US securities laws.

Vox Royalty Corp. (CVE:VOX) said it has completed the acquisition of the Segilola gold royalty covering Thor Exploration Ltd.'s Segilola Gold Mine, as announced on July 10, 2020. On the mutual agreement of the parties and to simplify the completion process, the seller was paid C$900,000 in cash consideration (rather than a combination of cash and Vox shares) from current cash on hand. Segilola, which is in the state of Osun in Nigeria, approximately 120 kilometres northeast of Lagos, saw construction commence in February 2020 and first gold production is scheduled for Q2 2021. The deposit hosts open-pit probable gold reserves of 405,000oz at 4.2 grams per ton (g/t) at 0.77g/t cut-off, according to a resource estimate dated February 4 2019.

TRACON Pharmaceuticals (NASDAQ:TCON), a clinical-stagehttp://www.traconpharma.com biopharmaceutical company focused on the development and commercialization of novel targeted cancer therapeutics and utilizing a cost-efficient, CRO-independent product development platform to partner with ex-US companies to develop and commercialize innovative products in the US, has announced that Charles Theuer, its president and CEO, will present a corporate overview at the H.C. Wainwright 22nd Annual Global Investment Conference on Wednesday, September 16 at 12.00pm EDT. To access a live webcast of the presentation, investors can visit the “Events and Presentations” page within the “Investors” section of the TRACON Pharmaceuticals website at www.traconpharma.com. A replay of the webcast will also be available following the event.

Marrone Bio Innovations, Inc. (NASDAQ:MBII), an international leader in providing growers with sustainable bioprotection and plant health solutions to support global agricultural needs, has announced that its management will present at the H.C. Wainwright 22nd Annual Global Investment Conference taking place virtually September 14-16, 2020. Jim Boyd, Marrone's chief financial officer, is scheduled to host a virtual presentation on Monday, September 14, 2020, at 11.30am Eastern time (8.30am Pacific time) and will participate in one-on-one meetings with the group's chief executive officerhttps://wsw.com/webcast/hcw7/mbii/1589721 Kevin Helash throughout the day. A live audio webcast and archive of the conference presentation will be available using the following link:  https://wsw.com/webcast/hcw7/mbii/1589721

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 Anido will participate in two upcoming virtual investor conferences. It said he will present a company overview at the HC Wainwright Virtual 22nd Annual Healthcare Conference on Monday September 14, 2020 at 3.30pm EDT, and at at the 2020 Cantor Global Virtual Healthcare Conference on Tuesday, September 15, 2020, at 1.20pm EDT. Both meetings are being held virtually, and live webcasts of the presentations will be accessible on the Investor Relations page of the company's website: http://www.zynerba.com.

AIM ImmunoTech Inc. (NYSEAMERICAN:AIM) has announced that the company will be presenting at the H.C. Wainwright Annual Global Investment Conference, being held virtually on September 14-16, 2020. It said Thomas K. Equels, the company's chief executive officer is scheduled to present on Monday, September 14, 2020, at 5.00pm, Eastern Time. The presentation will be webcast live on the conference event platform, which can be accessed here: https://wsw.com/webcast/hcw7/register.aspx?conf=hcw7&page=aim&url=https://wsw.com/webcast/hcw7/aim/1458175

Matinas BioPharma Holdings, Inc. (NYSEAMERICAN:MTNB) has announced that Jerome D. Jabbour, its chief executive officer, has been invited to participate on a panel of top innovators in anti-infective drug development as part of Maxim Group’s M-VEST Virtual Conference Series on Thursday, September 17, 2020, at 11,00am ET. A live audio webcast of the panel discussion will be available on the Events page of the Investors section of the company’s website - www.matinasbiopharma.com - and at M-Vest. A webcast replay will be accessible for 90 days following the live presentation.

Group Eleven Resources Corp (CVE:ZNG) (OTCMKTS:GRLVF) announced Thursday that it has commenced drilling at the Stonepark zinc project in the Republic of Ireland. Stonepark is a joint venture between Group Eleven with a 76.56% interest and Arkle Resources PLC (LON:ARK), with a 23.44% interest. Group Eleven also said it plans for follow-up drilling at its Carrickittle zinc prospect located on the 100%-interest PG West zinc project in Ireland are nearing completion and will be announced over the next few weeks.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTFF) (FRA:M5BQ), which operates the largest global cannabis e-commerce platform, said on Thursday that it had struck an agreement with Lifted Innovations Inc, a private e-commerce company selling cannabis-related accessories in the US and Canada. As part of the deal, the two companies will collaborate wherever practical for 24 months, with an eye on US business development. The partnership will also look at creating “efficiencies” relating to common ancillary businesses and potential opportunities relating to the licensing of technology. In keeping with Namaste's strategic partner status, Lifted has issued the Toronto-headquartered cannabis e-commerce giant 3,065,000 shares, which amounts to a roughly 5% undiluted shareholding.

Quick facts: Pacific Empire Minerals Corporation

Price: 0.08 CAD

Market: TSX-V
Market Cap: $5.5 m

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Pacific Empire Metals has crews on site at Jean Marie while acquiring a new...

Pacific Empire Metals (CVE: PEMC- OTCQB: PEMSF) President and CEO Brad Peters joined Steve Darling from Proactive with news the company now has crews on-site at their Jean Marie project. Peters also told Proactive the company has signed an LOI to option a 70% ownership in a project called...

on 09/01/2020

15 min read