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NA Proactive news snapshot: GR Silver Mining, Australis Capital, Adastra Labs,  FansUnite Entertainment 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

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) announced positive preliminary metallurgical test work results from a 2,700-tonne bulk sample excavated from the San Juan Area underground development at the company’s Plomosas silver project in Sinaloa, Mexico. Off-site processing of the bulk sample generated 27 tonnes of high-grade silver-gold concentrate, the company said. The bulk sample was excavated from a zone representative of the silver-gold-lead-zinc hydrothermal breccia in the upper levels of the underground development in order to initiate preliminary metallurgical test work on the San Juan Area. A weighted average of samples from the larger bulk sample showed silver concentrate of 15,147 grams per ton (g/t).

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) said Monday its new board is ready to get to work on putting the cannabis company on a path to profitability. The US-focused firm said the board is getting started on a number of strategy initiatives laid out by shareholders in its recent AGM, beginning with optimizing the value of its current asset portfolio that includes Cocoon, Body and Mind Inc, Green Therapeutics LLC, Quality Green, Folium Biosciences, and land assets in Washington state. Board members are also engaged in “high level” negotiations with other leading cannabis companies, the group said in a statement. The team added it believes that recent US federal and state developments will take the industry “to a new level” in the country.

Adastra Labs Holdings Ltd (CSE:XTRX) (FRA:D2EP) said Monday that it has struck a processing agreement with Solargram Farms Corporation to produce high-quality distillate and other cannabis concentrate products. "We are pleased to announce a cannabis processing agreement with Solargram, a high-quality cannabis cultivator in New Brunswick. With their initial harvest, Adastra will process up to several thousand kilograms of cannabis flower and produce high-quality distillate and other cannabis concentrate products to support Solargram's entry into the retail markets in the upcoming months,” Adastra CEO Andy Hale said in a statement.

FansUnite Entertainment Inc (CSE:FANS) (OTCMKTS:FUNFF) announced that its wholly-owned Askott Entertainment (Malta) Ltd. and E.G.G Limited subsidiaries have been granted a Gaming Service License and Critical Gaming Supply license, respectively, from the Malta Gaming Authority. FansUnite said receiving these licences will enable it to offer a full spectrum of online gambling services in Europe, covering Casino, Fixed Odds Betting, Pool Betting and Controlled Skilled Games. The licenses are granted for a term of 10 years each.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) has announced Monday that its board of directors approved a plan to begin the process of uplisting to major North American stock exchanges. The uplist plan outlines Loop’s intention to apply to have its common shares uplisted to the Toronto Stock Exchange (TSX) as a technology company, from the TSX Venture Exchange. Loop noted that completion of the uplist plan is subject to meeting certain conditions, as well as the approval of the TSX. There is no assurance that the TSX will approve the listing application or that Loop will complete the plan as proposed. Secondly, if the company is successful in uplisting to the TSX, Loop said it intends to begin the process of filing a Form F-1 Registration Statement with the US Securities and Exchange Commission, which will enable Loop to apply to be listed on the Nasdaq.

American Battery Metals Corporation (OTCQB:ABML) said it has raised an additional $1.45 million from an offering of preferred stock at a fixed price of $0.125 per common share equivalent, closing a total private placement financing of $2.7 million under the preferred-share offering. The company, which is in the process of changing its name to American Battery Technology Company, said it plans to use the net proceeds for general working capital purposes, the redemption of certain convertible notes, development of its proprietary technology, to purchase capital assets, and/or to fund its on-going business plan.

Golden Arrow Resources Corporation (CVE:GRG) (FRA:G6A) (OTCQB:GARWF) has announced the commencement of a trenching and sampling program at the Flecha de Oro Gold Project in Rio Negro Province, Argentina. The program will focus on the Puzzle property, where gold mineralization has been identified in a large quartz vein and adjacent quartz stockwork zone within a corridor over 6.5 kilometres (km) in length and more than 150 metres in width. In a statement, Brian McEwen, Golden Arrow's VP Exploration and Development commented: "We are pleased to be back to fieldwork in Argentina, and in particular at the Flecha de Oro Project. It's a great time to be exploring for gold, and at this project where we have the potential to identify multiple large gold systems. We look forward to a busy 2021 during which we will be actively exploring at all three properties that comprise Flecha de Oro."

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) announced on Monday that it has begun shipping its latest Color Cannabis-branded cannabis strain, Black Sugar Rose, to the Ontario Cannabis Store (OCS) for sale to provincial retailers, adding that it will be coming to other provinces soon. The company noted that Black Sugar Rose is its first cultivar to carry a terpene profile listing, which WeedMD expects to list on each of its new Color-branded dried flower product packaging, affirming its pledge to consumer education and product integrity.  

District Metals Corp (CVE:DMX) (FRA:DFPP) has released new results from its extensive heliborne survey that revealed numerous high priority geophysical targets on its Tomtebo property in Sweden. The results extended a previously reported 3-kilometre-long trend to 4.7 kilometres, which comprises numerous magnetic high anomalies and conductive anomalies around the historic Tomtebo Mine. District said it identified a total of 26 target zones based on electromagnetic or conductive anomalies, three of which it deemed high priority and a further 11 zones as medium priority.

Todos Medical Ltd (OTCQB:TOMDF) announced the commercial launch of its proprietary 3CL protease inhibitor dietary supplement Tollovid at The Alchemist’s Kitchen in the SoHo district in New York. Tollovid, a mix of botanical extracts, is being targeted to support healthy immune function against circulating coronaviruses, Todos said in a statement Monday. Tollovid’s mechanism of action is to inhibit the activity of the 3CL protease, a key protease required for the intracellular replication of coronaviruses. Tollovid was granted a Certificate of Free Sale by the US Food and Drug Administration in August 2020, allowing its commercial sale anywhere in the US. 

BTU Metals Corp (CVE:BTU) (OTCPINK:BTUMF) announced Monday it had uncovered visible gold in bedrock on the northern portion of its Dixie Halo property in Red Lake, Ontario. Drilling on the property intersected fine visible gold in an area where till sampling results over the last year had identified several gold grains throughout the area, the Vancouver-based company told shareholders.  In a statement, BTU said that the discovery “clearly validates” its exploration work over the past year, as finding visible gold in drill core is quite rare.

Mawson Gold Ltd (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) announced Monday that it has completed drilling at the F11 target 50 kilometres to the south of Cannington silver-zinc-lead mine in the Mount Isa block in Queensland, Australia.  In a statement, the company said drill funding was supported by a A$200,000 grant under the Queensland State Government's Collaborative Exploration Initiative (CEI). 

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1), a leader in cannabinoid-derived drug discovery and development, talked about the enormous size of the potential market for its CBD-based cancer pain relief drug QIXLEEF.  In a statement on Monday, the Ottawa, Ontario-based company said that based on a conservative market penetration and patient-based model, Tetra estimates potential net sales of US$675 million by 2027.  The company said it is in the process of evaluating a potential strategic partner to run its commercial execution in the US.  “It is still premature to provide details on royalty level, upfront, and milestone payments,” said the company. 

Pure Gold Mining Inc. (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) said underground exploration drilling has intersected high-grade gold mineralization near the existing main ramp access at the PureGold Red Lake Mine in Ontario, Canada. The company said drilling has successfully extended gold mineralization out from planned stopes, discovered new gold zones that are being integrated into the mine plan, and has confirmed stopes scheduled for near term production.

Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) (FRA:2EYA) announced Friday the upcoming launch of Binovi Connect, a web-based video conferencing app that leverages the company’s Software-as-a-Service to provide remote vision telehealth capabilities. Binovi Connect allows the company to compete and offer care in any market in the world, scaling its growth through the optimization of its 800-provider network and facilitating telehealth care to individuals from the classroom or the comfort of home. For instance, the app lets users connect with vision care professionals focused on concussion, reading skills and athletic enhancement.

Lions Bay Capital Inc. said that on December 1, 2020, it acquired ownership of an additional 1.6 million common shares of Fidelity Minerals Corp. (CVE:FMN) at a price of 10 cents per share on the open market for consideration of $160,000. Prior to the purchase, Lions Bay owned an aggregate of 18,515,811 Fidelity Minerals common shares, representing approximately 37.71% of the issued and outstanding common shares on an undiluted basis. As a result of the acquisition, it now owns a total of 20,115,811 Fidelity Minerals common shares representing approximately 40.96% of the issued and outstanding common shares on an undiluted basis. Lions Bay also owns warrants exercisable to acquire up to 10,815,583 common shares of the Issuer. If it were to exercise all of its warrants, Lions Bay would then own 30,931,394 common shares of the Issuer, representing approximately 51.62% of the issued and outstanding shares on a partially diluted basis, assuming that no further common shares of the Issuer have been issued. "We are very excited by the potential of the gold properties held by Fidelity. Lions Bay has been instrumental in the restructuring and strengthening of Fidelity's balance sheet. There is no doubt in our view, that two of the properties, Las Huaquillas and Las Brujas, are world-class, tier-one epithermal gold and porphyry targets," said John Byrne, the executive chairman of Lions Bay. The group added that the securities will be held for investment purposes.

Codebase Ventures Inc. (CSE:CODE) (FRA:C5B) (OTCQB:BKLLF) said Friday that it has completed the first closing of a non-brokered private placement of up to $2,000,000. The company accepted subscriptions for 13,740,000 units at a price of $0.05 per unit, for gross proceeds of $687,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.075 for a period of two years from the date of closing, subject to the option of the company to accelerate the expiry date in the event that its shares trade at $0.15 or more for 10 consecutive days. Codebase said it paid $18,000 in cash and issued 160,000 warrants on the same terms as noted above to qualified finders. Securities issued pursuant to this tranche are subject to trading restrictions until April 5, 2021. The company is expecting to complete the financing by December 16, 2020. Proceeds will be used for working capital and to fund future investments. The company also announced that it has recently issued 1,500,000 options to consultants under its incentive stock option plan. These options are exercisable at $0.19 for a period of 5 years.

Helix BioPharma Corp. (TSX:HBP), a clinical-stage biopharmaceutical company developing unique therapies in the field of immuno-oncology based on its proprietary technological platform DOS47, said it has closed a private placement financing for gross proceeds of $1,100,000. The terms of the placement are for the purchase of units at $0.50 per unit. Each unit is comprised of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one common share at an exercise price of $0.70 and have an expiry of five years from the date of issuance. Helix intends to use the net proceeds of the private placement for working capital and research and development activities. ACM Alpha Consulting Management AG provided financial advisory services to Helix in connection with the private placement.

Next Green Wave Holdings Inc. (CVE:NGW) said it has granted 850,000 stock options, to a director, which will vest at 25% every six months for a period of two years at an exercise price of 35 cents. The company further announces that a current director has voluntarily forfeited 700,000 stock options related to a grant from July 2020. Next Green Wave also reminded investors that its quarterly shareholder webinar update is scheduled to take place on December 11, 2020, at 2.00pm PST. Preregistration is required. After registration, you will receive a confirmation e-mail containing information on how to join the webinar and hear from the chief executive officer.

Codebase Ventures Inc (CSE:CODE) (FRA:C5B) (OTCQB:BKLLF) announced that Laurent Zhang, founder of the company’s portfolio holding Arcology, a cluster-computing powered AI blockchain ecosystem with unlimited scalability, will be featured in an investor call on December 10 at 10 am PT. The call will cover the recent results of Arcology’s Testnet 1.0, to the potential Arcology Network coin offering. In addition to questions received to date from investors interested in Arcology’s progress, investors are invited to send questions to Codebase’s investor relations email address ir@codebase.ventures in advance of the call. The company will select the most requested topics for Zhang to address. Register in advance for this webinar: https://zoom.us/webinar/register/WN_Lb26ZmoWTqaM55q4PmJlHg

First Cobalt Corp. (CVE:FCC) (OTCQX:FTSSF) has announced that its president & CEO Trent Mell will be presenting at the Cathodes 2020 Conference hosted by Benchmark Mineral Intelligence on Tuesday, December 8, 2020, at 11.00am EST/4.00pm GMT. The group said Mell will participate in a panel entitled "NCM Evolving: Building a global supply chain for nickel, cobalt, & manganese." Other panellists include: Andrew Leyland, Benchmark Mineral; David Brocas, Glencore AG; Robert Privette, Umicore; David Anonychuk, M.Plan International; Marco Romero, Euro Manganese; Mark Selby, Canada Nickel Company. The group said Mell will share his outlook for the US electric vehicle market under a Biden administration and provide an update on the First Cobalt Refinery Project. A replay of this webinar will only be available to Benchmark clients. A copy of his presentation will be available on the company's website ahead of the panel discussion. To register for the live event, please use the following link:  https://us02web.zoom.us/webinar/register/WN_WDpSH8jNSWK-jEulSfXFrA

Vox Royalty Corp. (CVE:VOX) has announced that in the upcoming months, Vox management will be participating in the following virtual and in-person conferences: LD Micro Virtual Main Event Conference – December 14, 2020; SNN Network Canada Virtual Event – January 6 and 7, 2021; 121 Mining Investment Online Conference, APAC – March 17 to 19, 2021; Swiss Mining Institute Virtual Event – March 23 to 24, 2021; 121 Mining Investment In-Person Conference, London – May 26 to 27, 2021; and 121 Mining Investment In-Person Conference, New York – June 16 to 17, 2021. Vox also announced a new partnership with Hybrid Financial Ltd., which will provide marketing services to the company, including assisting in all aspects of a marketing campaign. Hybrid will work to heighten market and brand awareness for the company and to broaden the company's reach within the investment community. The company has agreed to pay a monthly fee of C$15,000 out of its cash on hand for an initial six-month term, with an option to renew on a rolling three-month basis. Hybrid will not receive any shares or options as compensation for the arrangement and does not hold any interest, directly or indirectly, in Vox or its securities. "We are excited about the upcoming marketing initiatives and to introduce investors to Vox. As the fastest growing royalty company in the industry, we will continue to look for opportunities to expand our investor reach and liquidity. With the addition of the Hybrid team, we are excited for the increase in the Vox investor awareness and capital markets communication efforts," commented Kyle Floyd, Vox chief executive officer. The company said it will not be renewing or extending the term of its agreement with Adelaide Capital Markets Inc., being a six-month contract which was previously announced on June 15, 2020.

KULR Technology Group, Inc. (OTCQB:KULR), a leading developer of next-generation thermal management technologies, has said it will be presenting at the 13th annual LD Micro Main Event investor conference on Tuesday, December 15, 2020, at 11.20am EST / 8.20am PST. KULR's Chief Executive Officer, Michael Mo, will provide an overview of the company and an update on recent strategic developments to a live, virtual audience. The Main Event will feature a new and unique format, with companies presenting for 10 minutes, followed by 10 minutes of Q&A by a panel of investors and analysts. Investors can register for LD Micro Main Event via the following link: ve.mysequire.com

Lexaria Bioscience Corp. (OTCMKTS:LXRP) (CSE:LXX) CNSX:LXX.CN), a global innovator in drug delivery platforms has said its chairman & CEO Chris Bunka is scheduled to present at four upcoming investor conferences in December 2020 and January 2021. The company will discuss its recent successful testing of DehydraTECHTM that showed improved delivery of two classes of drugs currently in use against HIV/AIDS with potential for use against SARS-CoV-2/COVID-19. Bunka will provide an overview on the company’s proprietary drug delivery technology, DehydraTECH as well as planned initiatives to enhance its focus on solutions related to the regulated pharmaceutical and medical market segments in 2021. He will also discuss the company’s recent sale of its non-core assets in preparation for uplisting to a national securities exchange. The four events are: Benzinga Global Small Cap Conference on Tuesday December 8, 2020, at 3.45pm ET, registration via: https://events.benzinga.com/registration-page?gclid=CjwKCAiA7939BRBMEiwA-hX5J1SxOy-G2SL-831-HJWhZKCwt7Fafavk78_DsMa2N6kJLWl5dXEyfhoC-bQQAvD_BwE; LD Micro Main Event on December 15, 2020, at 11am ET, registration via: https://ve.mysequire.com/; H.C. Wainwright BioConnect on January 11-14, 2021; registration via: https://hcwevents.com/bioconnect/; and Virtual Biotech Showcase on January 11-14, 2021, registration via: https://informaconnect.com/biotech-showcase/

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that Grayscale Litecoin Trust (OTCQX:LTCN), an investment vehicle that enables investors to gain access and exposure to Litecoin in the form of a security without the challenges of buying, storing, and safekeeping Litecoin directly, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

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GR Silver Mining reports more very strong assays from San Juan area of...

GR Silver Mining (CVE: GRSL- OTCQB: GRSLF) CEO Mario Fonseca joined Steve Darling from Proactive to share some impressive results from the San Juan Area of their Plomosas Project. Fonseca telling Proactive about the numbers and why he feels this area will be very key and that's why they plan...

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