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NA Proactive news snapshot: ElectraMeccanica Vehicles, Willow Biosciences, DRDGOLD Limited, Aurania Resources UPDATE ...

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

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ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced Thursday that an initial shipment of production SOLO electric vehicles have arrived in the US and the company plans to open six new retail locations in the country over the next month. The first shipment of the company’s flagship three-wheeled EV have been designated for corporate use in marketing, advertising and retail activities. The first two of the newly arrived SOLOs were introduced at a ‘ride-and-drive’ press event in Los Angeles earlier this month, where reporters were able to go for a test ride and “Drive SOLO” alongside CEO Paul Rivera. ElectraMeccanica also used vehicles from the first batch to test the international shipping logistics and port processing. Vehicles are currently being used for similar corporate and marketing purposes, as well as ongoing road verification and testing, the company said.

Willow Biosciences Inc (TSE:WLLW) (OTCQX:CANSF) has closed its previously announced upsized public offering of C$11.5 million, which the company plans to use for the commercialization of cannabigerol (CBG) and other portfolio cannabinoids. The company offered roughly 17.7 million units, each containing one share and one half a purchase warrant, at a price of C$0.65 per unit. This includes 2.3 million units issued due to the exercising of an over-allotment option. Each warrant entitles its holder to acquire a common share at a price of C$0.85 for two years.

DRDGOLD Limited (NYSE:DRD) (JSE:DRD) chairman Geoff Campbell told shareholders Thursday that its market capitalization reached US$1 billion in the fiscal year 2020 as the gold producer continues to be the pre-eminent surface retreatment operator in South Africa. “We have built a vast store of knowledge and we continue to develop our skills in moving huge tonnages of materials safely and efficiently and working to maximise recovery and minimise cost,” Campbell said in the company’s Integrated Annual Report (IAR) for FY2020. “The political outlook in South Africa remains extremely challenging and the COVID-19 pandemic has exacerbated the situation. There remains considerable mineral wealth that can be extracted from mine dumps and not just for the benefit of shareholders but also for the benefit of local communities, South Africa as a whole and for the environment.”

Aurania Resources Ltd (CVE:ARU) (FRA:20Q) has closed its overnight marketed public offering of units which included an overallotment option that raised C$11.5 million to advance its portfolio of mineral properties in South America. The funds will be directed towards exploration at the firm’s Lost Cities-Cutucu project in Ecuador as well as early-stage exploration at its adjacent Peru properties. Aurania recently started drilling on the highly prospective Tskenken N2 copper-silver target at Lost Cities-Cutucu and plans to start an additional drill program in southeastern Ecuador in the next few months. In a statement Thursday, the Toronto-based company said a total of 2,679,500 units were sold at C$4.30 apiece. The scheme was upsized from 2.33 million units for initial proceeds of C$10 million.

DGTL Holdings Inc. (CVE:DGTL) said its wholly-owned subsidiary, Hashoff LLC, has signed a new 12 month SaaS (software-as-a-service) licensing agreement with one of the largest consumer apparel e-commerce companies in the world. The one-year service agreement was executed directly with this new client and includes monthly software licensing fees with a minimum accumulative value in excess of $500,00The group noted that Hashoff's newest major client is an international leader in the online retail of consumer apparel brands. The new client company is currently operating in over 230 countries, and regions, worldwide with dedicated e-commerce platforms in; the United States, Spain, France, Russia, Germany, Italy, Australia and the Middle East. 

First Cobalt Corp. (CVE:FCC) (OTCQX:FTSSF) has released the results of a life cycle assessment (LCA) affirming the low carbon footprint of its Canadian Refinery, demonstrating its commitment to fighting climate change. The report concludes that the environmental impacts associated with refining cobalt at First Cobalt's facility will be materially lower than the published impacts of a leading Chinese refiner. The report is being released in its entirety to demonstrate transparency and a commitment to industry-leading ESG practices. In a statement, Trent Mell, president & chief executive officer of First Cobalt, commented: "Electric vehicles are an important part of meeting global goals on climate change but consumers are demanding transparency on the environmental footprint of the EV lifecycle. Transparency across the entire supply chain is the best way to ensure that the EV revolution is also a green revolution.

American Resources Corporation (NASDAQ:AREC) has reiterated its future commitment to Environmental, Social and Governance (ESG) initiatives as it expands its operations and business. The next-generation, and socially responsible, supplier of raw materials to the new infrastructure marketplace also provided an overview of the positive impacts the company has achieved to date. In a statement, Mark Jensen, chairman and CEO of American Resources Corporation commented: "By unveiling our comprehensive sustainability plan, our shareholders and stakeholders can begin to understand the immense priority we place upon sustainability and proper environmental stewardship. The team we have built brings a wide breadth of experiences to our Company, enabling us to look at all areas that can drive value to our shareholders and the communities in which we operate."

Progressive Planet Solutions Inc. (CVE:PLAN) said it has expanded the confirmed bedrock source for the nickel in soil anomaly that it previously reported on its 100% owned Heffley Creek Metals and Pozzolan Property in British Columbia (BC). The company, an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, also reported multiple samples with anomalous levels of chromium, and said the latest sampling has identified a correlation between the elevated nickel and elevated chromium values.

Silver Range Resources Ltd (CVE:SNG) announced Thursday that it has completed an exploration program of geological, geophysical and geochemical surveys at its high-grade Legal Tender silver property in Nye County, Nevada. The mineral showings are clustered along the 1200-metre-long Main Trend and the intersecting 400-metre-long NE trend. Silver Range said test soil geochemical surveys were conducted in the area of the Black Butte Mine. Results indicated that silver could be used directly as a pathfinder to locating additional mineralization concealed beneath the thin overburden on the property. A total of 65 samples were collected during the program with peak silver response of 18.15 ppm Ag. Elevated silver response is associated with known areas of vein mineralization and there is some evidence of down slope dispersal. Prospecting incidental to the installation of geophysical grids returned up to 1,130 grams per ton (g/t) silver and 4.94 g/t gold from nine grab samples.

African Gold Group Inc (CVE:AGG) revealed its corporate social responsibility approach on Thursday ahead of the start of construction on its flagship Kobada mine in Mali. “As a mining company operating in Africa, AGG recognizes its responsibility to adhere to the highest standards and is committed to creating sustainable long-term value for all of its stakeholders,” the Canadian company said in a statement. Its program is built around the United Nations Sustainable Development Goals and takes into account the environment, social responsibility and health and safety, it told shareholders.

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) has added more ground along the border of the Knaften project in Sweden after a drill program nearly doubled the extent of the Knaften 300 gold zone. The new permits will allow Gungnir to explore the entire four kilometre by five kilometre quartz intrusion, which hosts Knaften 300 along the northern edge, the company said Thursday. "Once the new permits are finalized, Gungnir will control 4,887 hectares (or nearly 50 square kilometres), expanding the size of the Knaften property by over 75% and significantly increasing the potential of Gungnir's Knaften intrusion-hosted gold target,” CEO Jari Paakki said in a statement.

Humanigen Inc (NASDAQ:HGEN) (FRA:0KB2) revealed on Thursday that the first patient has been dosed at the Emory University School of Medicine in Atlanta as part of the ACTIV-5 “Big Effect Trial,” evaluating the firm’s potential coronavirus (COVID-19) treatment lenzilumab with remdesivir, compared to placebo and remdesivir in patients hospitalized with COVID-19. Burlingame, California-based Humanigen is focused on preventing and treating an immune hyper-response called ‘cytokine storm’ in COVID-19 patients with its lead drug candidate lenzilumab.

Aequus Pharmaceuticals Inc (CVE:AQS) (OTCQB:AQSZF) (FRA:AEQ) announced Thursday that it and partner Medicom Healthcare Ltd have been issued a new Medical Device License for the second of three product submissions made for the Evolve preservative-free, dry eye product line.  In a statement, Aequus said that the license was issued for Evolve Daily Intensive – an advanced formulation of 0.2% Hyaluronate, free of preservatives and phosphates, and made available in a multi-dose bottle for ease of use for all patients. The formulation contains 350 drops that can be dispensed with gentle squeezing – an important feature for chronic users and many dry eye patients.

Alpine 4 Technologies, Ltd. (OTCQB:ALPP) is a leading operator and owner of small market businesses, said it has been approved on one of two patents filed around its Brake Active rear-end avoidance collision product. The group said the second patent is still pending. Brake Active is manufactured at Quality Circuit Assembly in San Jose, California. QCA is a subsidiary of Alpine 4 Technologies Ltd. In a statement, Ian Kantrowitz VP of investor relations and a contributor to the Brake Active patent commented: "We are thrilled to receive approval on our Brake Active Patent. The Intellectual property (IP) is of significant value to Alpine 4's holdings."

Heritage Cannabis Holdings Corp. (CSE:CANN) (OTCQX:HERTF) said it has executed a binding letter of intent (LOI) with IntelGenx Corp. (CVE:IGX) (OTCQB:IGXT) for the supply of filmstrip products containing CBD for the Canadian and Australian markets Under the agreement, IntelGenx will manufacture filmstrips containing 10 mg of CBD using its VersaFilm technology, for distribution and sale in Canada and Australia. In addition to receiving a manufacturing margin, IntelGenx will also receive a double-digit royalty on the gross margin based on product sales. Heritage will supply CBD material for IntelGenx’s filmstrip manufacture and supply in Canada and Australia on a non and semi-exclusive basis, respectively.

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) announced Thursday that Restaurants Canada has chosen the InfernoAR video conferencing platform to virtualize the 2021 RC Show, Canada’s largest foodservice and hospitality event.  The RC Show, to be held February 28-March 3, 2021, showcases cutting-edge products, pioneering people and transformative ideas, the company said. NexTech will work with Restaurants Canada to offer a unique virtual event to attendees from all corners of the foodservice industry, including foodservice operators, distributors, brokers, retailers, buyers, chefs, baristas, bartenders and sommeliers.

Todos Medical Ltd (OTCQB:TOMDF) announced that it has selected the brand name Tollovid for its patent-protected dietary supplement NLC-001, which is a proprietary blend of plant extracts that include a 3CL protease inhibitor that could help support healthy immune function. Rehovot, Israel-based Todos Medical noted that that the 3CL protease plays “a vital role” in the intracellular replication of coronaviruses, and 3CL protease inhibition is being evaluated as a potential therapeutic target for COVID-19 by several groups, including Pfizer Inc (NYSE:PFE). Todos licensed the exclusive worldwide distribution rights (excluding Israel) for Tollovid from joint venture partner NLC Pharma in September 2020. Concurrently, Todos said it has struck a private label and distribution agreement with The Alchemist’s Kitchen, in SoHo, in New York to sell Tollovid under its Plant Alchemy brand.

Phunware, Inc. (NASDAQ:PHUN) said it has secured a new Multiscreen-as-a-Service (MaaS) win that will give Greater Baltimore Medical Center (GBMC) in Towson, Maryland, a new digital front door on mobile in support of more than 1.2 million square feet of indoor medical space. “By utilizing Phunware’s technology, GBMC patients will have access to their medical record, while also being able to use the mobile app to easily navigate to and from in-person appointments,” said Dave Hynson, Vice President and Chief Information Officer, GBMC HealthCare in a statement. “Additionally, patients can continue to connect with their providers virtually whether they are at home or on the go.” Founded in 1965, GBMC is Central Maryland's leading community hospital with 342 beds for acute and sub-acute care, more than 23,000 admissions and over 52,000 emergency room visits annually.

Killi Ltd. (CVE:MYID) (OTCPINK:MYIDF), a global leader in consumer privacy, has announced that holders of certain common share purchase warrants have exercised and purchased 30 million common shares adding $1.5 million to the company's treasury. "Having the support of our shareholders has helped put our Balance Sheet in an even stronger position and given us the needed liquidity to increase the visibility and scale of the Killi ecosystem," Neil Sweeney, founder and CEO of Killii said in a statement.

The Valens Company Inc (TSX:VLNS) (OTCQX:VLNCF) (FRA:7LV), a global leader in the development and manufacturing of cannabinoid-based products, announced Thursday the launch of 510 vape cartridges under a custom manufacturing agreement with High12 Brands for its newly-introduced DAIZE brand. The DAIZE brand line of vape products will offer experienced consumers unique and potent formulations with premium cannabis oil made from a curated selection of sought-after cannabis strains, Valens said in a statement.

Fury Gold Mines Limited (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN1) is getting set to drill at its Eau Claire project in Quebec in a program designed to expand the deposit and test several new target areas.  The company is planning to drill up to 50,000 metres (m) on the property, with up to 12,000m earmarked for a one-kilometre down plunge extension that could significantly expand the deposit, the company said Thursday.

HealthLynked Corp. (OTCQB:HLYK) has announced the addition of Heather Monahan, as an independent director, effective immediately, meaning the group's board now has 5 members, including 3 independent directors. The global healthcare network, which is focused on care management of its members and a provider of healthcare technologies that connects doctors, patients and medical data, noted that Monahan is a best-selling author, keynote speaker, Ted-X speaker, Executive Coach and founder of Boss In Heels.

BevCanna Enterprises Inc (CSE:BEV) (OTCQB:BVNNF) (FRA:7BC) announced on Thursday that it has successfully completed its first round of product launch discussions with select provincial buyers throughout Canada. The Vancouver-based infused cannabis beverages giant said that during these “in-depth” product launch discussions, BevCanna validated its strategy of delivering established US brands to Canadian consumers. Initial provincial feedback has enabled BevCanna to finalize its award-winning line-up of Keef Beverages and Cali-Bloom products, allowing the team to complete the Notice of New Cannabis Product Forms (NNCP).

Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) has kicked off a new drilling program at its Virginia silver project in Argentina, optioned from Silver Sands Resources (CSE:SAND) (OTCQB:SSRSF), the company said Thursday. The junior explorer is planning an initial 2,500-metres program designed to test gaps and extensions of the principal veins and recently identified vein structures.

Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF) (FRA:A2PL) announced Thursday that subsidiary Nabis AZ LLC failed to fund its deferred payment obligation in respect of an asset purchase agreement for the assets and management agreements related to the operation of Perpetual Healthcare Inc, operator of the Emerald medical marijuana retail dispensary in Arizona. In a statement, the parent company said that Nabis AZ was required to make payment to the vendors under an asset purchase agreement of about US$8.1 million, including accrued interest, which was due on October 25.

FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE) announced that, subject to court certification and other customary conditions, it has entered into a definitive settlement agreement with respect to the class action litigation commenced by a plaintiff shareholder in the Ontario Superior Court of Justice in February 2019 relating to the build-out of its facility in Cobourg, Ontario. The company said it entered into the settlement agreement in order to avoid the expense, burden and inconvenience associated with the continuance of the settled action. In entering into the agreement, the company noted that it made no admissions of liability whatsoever. The settlement agreement provides for a full and final release of the company, its officers, directors and various other related parties from any and all claims that arose or could have arisen from the claim issued by the plaintiff within the action. Under the settlement agreement, the company will pay C$5,500,000, approximately C$4,600,000 of which it expects to be funded with the proceeds of insurance, leaving the company with a net payment of approximately C$900,000.

Maverix Metals Inc. (NYSEAMERICAN:MMX) (TSX:MMX) said it has completed the acquisition of a portfolio of 11 gold royalties from Newmont Corporation As consideration for the transaction, Maverix made a cash payment of US$15 million and issued 12,000,000 common shares to Newmont. Newmont now owns a total of 42,000,000 common shares of Maverix, representing approximately 30% of the issued and outstanding common shares of the company. Certain royalties in the royalty portfolio are subject to rights of first refusal as well as the requirement for various transfer consents. Any proceeds from the exercise of a right of first refusal will be paid to Maverix.

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) an Augmented Reality Company that enables sports teams, brands and businesses to instantly create their own mobile phone AR campaigns, has announced that its CEO, Alen Paul Silverrstieen will be speaking at the Global XR Bootcamp 2020 - https://www.globalxrbootcamp.com/. The Online Global XR Bootcamp 2020 will be the biggest online Virtual, Augmented and Mixed Reality event in the world and will be hosted November 13-14, 2020. The event will consist of a 24-hour live stream of high-quality sessions by global speakers planned around the world through all the time zones. Silverrstieen will be specifically addressing the utilization of mobile augmented reality for sports fan engagement and activation. He commented: "ImagineAR is expanding globally and this online event will provide the opportunity to introduce our augmented reality platform and mobile app SDK plugin to a new audience.  We have recently started marketing programs in the UK and Middle East.  Interest in utilizing AR for fan engagement has been growing in today's new Covid-19 environment and we are excited to be launching the Valencia FC program this year."

Silver Range Resources Ltd (CVE:SNG) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 297,600 shares in consideration of certain geological and consulting services totalling $35,437.50, provided to the company between April 1, 2020, and September 30, 2020, under an agreement dated April 1, 2019.

Hillcrest Petroleum Ltd (CVE:HRH) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 12,804,952 shares to four arm's-length creditors to settle outstanding debt for $672,260.

PreveCeutical Medical Inc (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) has been granted an extension of six months by the Registrar of Companies to hold its Annual General Meeting for 2020. The six months extension is from October 29, 2020 to April 29, 2021. With the challenges related to COVID-19, the company's management determined that postponing the AGM would be in the best interest of its shareholders. This will provide the company with the required time to plan the virtual meeting and electronically circulate the required documents within the required timeframe. The company has set the AGM date for February 5, 2021. 

Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) announced that senior management will host a conference call/webcast on November 12 at 10 am ET to discuss the corporation's third quarter 2020 results. The access information is provided below. North American callers please dial: 1-888-231-8191; Local and international callers please dial: 647-427-7450. Webcast Link is (https://produceredition.webcasts.com/starthere.jsp?ei=1394286&tp_key=363b46ced6). Karora also plans to issue a news release containing second-quarter results before markets open on November 12. A recording of the conference call will be available for replay through the webcast link, or for a one-week period beginning at approximately 1 pm ET on November 12 through the following dial in numbers: North American callers please dial: 1-855-859-2056; Pass Code: 6191855; Local and international callers please dial: 416-849-0833; Pass Code: 6191855.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Grande West Transportation Group Inc.  (CVE:BUS) (OTCQX:GWTNF), a Canadian company that designs and engineers mid-size multi-purpose transit vehicles for public and commercial enterprises, has qualified to trade on the OTCQX Best Market and has upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Dyadic International Inc (NASDAQ:DYAI) will report its 3Q 2020 financial results on Thursday November 12, it said today. In connection, the firm will host a conference call to discuss the results the same day at 5pm ET. Participants can dial in at (877) 407-8033 (U.S. or Canada) or +(201) 689-8033 (International). No passcode is needed.

Vuzix Corporation (NASDAQ:VUZI), a supplier of Smart Glasses and augmented reality technology, announced Friday that the company will host a conference call regarding its third quarter 2020 operating results at 4:30 pm ET on November 9. Interested parties can join the call by dialing 800-931-5132 in the US and Canadian or 212-231-2912 in other countries before the call starts. CEO Paul Travers and CFO Grant Russell will be on the call to discuss operational and financial highlights for the quarter ended September 30. Investors can submit questions for the management Q&A by emailing Ed McGregor at [email protected] prior to the start of the call.

Bioasis Technologies Inc (CVE:BTI) (OTCQB:BIOAF), a pre-clinical, research-stage biopharmaceutical company developing its proprietary xB3 platform technology for the delivery of therapeutics across the blood-brain barrier and the treatment of central nervous system disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases, has filed its unaudited quarterly financial statements and management’s discussion and analysis for the period ended August 31, 2020. All are available under the company’s profile on SEDAR at www.sedar.com and on the company’s website at www.bioasis.us.

Quick facts: Hillcrest Petroleum Ltd

Price: 0.065 CAD

TSX-V:HRH
Market: TSX-V
Market Cap: $10.52 m
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Hillcrest Petroleum plans to delist from TSX-V and will list on the Canadian...

Hillcrest Petroleum (CVE: HRH-OTC: HLRTF) CEO Don Currie joined Steve Darling from Proactive Vancouver with news the company is planning on applying to the TSX Venture Exchange to delist its common shares and the Company then will apply for listing on the Canadian Securities...

on 09/09/2020

20 min read