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NA Proactive news snapshot: FansUnite Entertainment, First Cobalt, Newrange Gold, Innocan Pharma, Great Panther Mining UPDATE ...

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

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FansUnite Entertainment Inc (CSE:FANS) (OTCMKTS:FUNFF), a technology company providing leading online gaming solutions, announced on Wednesday that its partner Las Vegas-based GameCo LLC, a pioneer in video game gambling, has struck a partnership with US Bookmaking and Sky Ute Casino to establish the first esports sportsbook in the United States. The Vancouver-based company’s wholly-owned subsidiary Askott Entertainment will provide its iGaming platform, Chameleon, as part of "a fully-integrated" esports betting solution. Through GameCo's partnership with Sky Ute Casino and US Bookmaking, FansUnite will be the first iGaming solutions provider to receive “significant exposure” in the US esports betting market, said the company.

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) announced Wednesday that it will receive C$10 million in public funding from the federal government and the government of Ontario. The critical funding will allow the company to accelerate the commissioning and expansion of its cobalt refinery in Northern Ontario, attract new investment, and execute against its strategic business plan. Once complete, the facility will be the first of its kind in North America, capable of producing 25,000 tonnes of battery-grade cobalt sulfate annually, which could represent five percent of the global market for refined cobalt. The refinery project has an estimated capital cost of C$77 million (US$60 million), including federal and provincial contributions totaling C$10 million. This support will help secure well-paying, long-term jobs in Northern Ontario.

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) has finalized plans for a winter exploration program to begin in January on its North Birch project, east of Red Lake, Ontario. In a statement Wednesday, the Vancouver-based company said it is planning about 90 line kilometers of Induced Polarization (IP) geophysics and the results will be used to generate targets for follow up diamond drilling. The primary target at North Birch is the sheared limb of a folded iron formation sequence, modeled after the Musselwhite Gold mine, about 190 kilometers (km) to the north and operated by Newmont-Goldcorp. 

Innocan Pharma Corporation (CSE:INNO) (OTC Pink:INNPF) (FSE: IP4) announced that it has completed its initial production of the Shir premium cosmetic line and Relief & Go topicals in Portugal and has also started manufacturing the brands in the US for the first time. The company said it now has 35,000 units of SHIR and Relief & Go stored in Portugal for delivery into the European market and will produce an initial stock of 40,000 units for North America.

Great Panther Mining Ltd (TSE:GPR) (NYSEAMERICAN:GPL) received a target price increase from Roth Capital, from $1.25 to $1.50 per share, following the company’s recently announced updated reserve and resource estimate for its flagship Tucano gold mine in Brazil. “While this resource increase was encouraging, we note that further regional and near resource exploration could drive further upside,” the Roth Capital analysts said.

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY) revealed that it has signed an additional $1.1 million contract with a US tunneling company. The Montreal-based high-tech company said that further to announcements made earlier on April 1 and 21, it has signed an additional contract with a US-based tunneling client for around $1.1 million, which easily vaults the total value of all contracts with this particular client to more than $3.6 million. “The company has received $1.3 million to date under these contracts,” PyroGenesis Canada said in a statement, while keeping its client’s name confidential for competitive reasons.

American Resources Corporation (NASDAQ:AREC) ), a supplier of raw materials to the rapidly growing infrastructure market, announced that it has kicked off operations at its Perry County Resources (PCR) complex. The Fishers, Indiana-based company said the restart of operations at the PCR complex comes after a year of implementing a methodical restructuring and in response to “increased demand for raw materials for steel and infrastructure projects.” In a statement, American Resources CEO Mark Jensen said: "This is a monumental event for the company and the Perry County Resources complex given the amount of effort, investment, and dedication we have put into this particular asset for the benefit of its future value, our shareholders and its surrounding community.”

Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) has unveiled a first consolidated reserve and resource estimate for its two main assets - Beta Hunt and Higginsville - in Western Australia, which showed an increase to the proven and probable (2P) gold reserve of 334% to 1.33 million ounces. Meanwhile, the consolidated measured and indicated (M&I) gold resource was lifted by 167% to 2.52 million ounces. The estimates do not include the recently acquired high grade Spargos Reward project, for which a resource and reserve will be completed in the first half of 2021, to include the new high grade zone.

Endexx Corporation (OTCMKTS:EDXC), which is operating as CBD Unlimited Inc, announced that it is partnering with GRAMMY award-winning artist DJ Khaled to launch a brand of CBD lifestyle wellness products in early 2021. “We are excited to announce our partnership with DJ Khaled. His knowledge and passion for CBD is bountiful and we realized we are aligned in our approach towards product quality and business acumen. We understand and share the values that a brand goes beyond physical products; its needs to help people feel good about themselves and be part of a day-to-day lifestyle,” Endexx Corporation CEO Todd Davis said in statement.

Binovi Technologies Corp (CVE:VISN) (OTCQB:BNVIF) (FRA:2EYA) is hosting a conference call today in order to conduct its Annual General Meeting, and for interested investors. The formal part of the AGM will take approximately ten minutes followed by an update to investors and shareholders on the operations. CEO Adam Cegielski, will host the call and answer questions. The call is at 11:15am PST and dial in details are: Tollfree - 1 (866) 365 4406 . Passcode: 6096110#

Vuzix Corporation (NASDAQ:VUZI) announced Wednesday that its flagship smart glasses are providing a major productivity boost to construction sites across Europe. In a statement, the company said the Vuzix Smart Glasses are now compatible with Topcon Positioning Group's MAGNET software suite, which brings new efficiencies and hands-free usage to those working on-site and embraces the very latest developments in augmented reality (AR) technology. Vuzix Smart Glasses work in conjunction with Topcon Positioning’s MAGNET software suite to deliver precision layouts alongside substantial cost and time-saving benefits.

Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) announced Wednesday that portfolio company V2 Games Inc has closed a transaction to acquire substantially all of the assets of GameOn App Inc. Prior to the sale of its assets to V2 Games, GameOn was a gaming company providing consumers, broadcasters, sportsbooks, venues and brand partners with interactive, social experiences around sports, television and live events. Victory Square said GameOn drove engagement and revenue through its suite of proprietary mobile and TV technologies, changing the way fans compete, watch and win through free and frictionless prediction games. As part of the asset purchase, Victory Square said V2 Games issued 3,123,288 shares at $0.80 each, assumed US$274,400 in liabilities of GameOn, and issued a convertible note with a principal amount of US$92,000 and a maturity date of December 1, 2022 -- equivalent to a total purchase price of about US$2,965,047.

Helix BioPharma Corp (TSE:HBP) (OTCMKTS:HBPCF) (FRA:HBP), the clinical-stage biopharma, issued its first-quarter to October 31 results on Wednesday - a period, which saw it reduce the net loss and spend C$1.084 million on research and development (R&D). For the three months, the company reported a net loss of C$222,000, reduced from a loss of C$2.21 million in the same period in 2019. This was due to a gain from its loss of control of its Polish subsidiary Helix Immuno-Oncology amounting to C$2.16 million.

Pure Gold Mining Inc. (CVE:PGM) (LON:PUR) has announced a major milestone with first ore introduced to the mill at the company's high-grade PureGold Mine, in Red Lake, Ontario.  With ore delivered and first gold production scheduled this month, commissioning activities will transition into full-scale ramp-up of the mining and milling operations over the coming quarter, the group said. "This is a very exciting day for our shareholders, the community of Red Lake, and our entire team," stated Darin Labrenz, president and CEO of PureGold in a statement.

Vuzix Corporation (NASDAQ:VUZI), a leading supplier of smart glasses and augmented reality (AR) technology, revealed on Tuesday that it has completed the development and delivery of a customized waveguide solution for a major international defense contractor. The Rochester, New York-based company had first announced on September 3, 2020, that it was working to fulfil the terms of the “first phase of a multi-stage agreement” with a big international defense contractor. Vuzix said the delivery is now being reviewed by the customer and it is expected that subsequent project phases will start in the near future which will generate “additional non-recurring engineering (NRE) revenues.” If successful, it will ultimately result in an accepted final product design that can lead to a volume production order.

Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:TIRLB) has joined the United Nations Global Compact. Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 11,500 companies and non-business signatories based in over 160 countries. As a participant, Nomad said it has committed to voluntarily aligning its operations and strategy with the 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption.

FansUnite Entertainment Inc (CSE:FANS) (OTCMKTS:FUNFF) (FRA:4UY), a ‎technology company providing leading online gaming solutions‎, said Wednesday that it has struck an agreement with Gravitas Securities Inc, as sole agent and bookrunner for a ‎private ‎placement to raise around $5 million for working capital and general corporate purposes. The Vancouver-based company said the ‎private ‎placement offering of special warrants at a price of $0.625 per special warrant, should raise gross proceeds of up to roughly $5 million.‎ The initial closing date is expected to be on, or about the week of January 11, 2021. The company added that the offering may be completed in one or more closings at the discretion of the lead agent. ‎

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY) revealed on Wednesday that it has signed an additional $1.1 million contract with a US tunneling company. The Montreal-based high-tech company said that further to announcements made earlier on April 1 and 21, it has signed an additional contract with a US-based tunneling client for around $1.1 million, which easily vaults the total value of all contracts with this particular client to more than $3.6 million. “The company has received $1.3 million to date under these contracts,” PyroGenesis Canada said in a statement, while keeping its client’s name confidential for competitive reasons.

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) announced that its ORYX Gaming division has entered into a partnership agreement with Greentube-owned brand StarGames, which will see ORYX provide content for the online casino’s German market entry.  The company noted that the agreement also includes an extensive portfolio of third-party content, player engagement tools and data services available through the ORYX Hub and StarGames will gain access to premium content from ORYX’s exclusive Remote Graphics Software partners. 

Willow Biosciences Inc (TSE:WLLW) (OTCQX:CANSF) (FRA:3D7) told investors it expects its first sales of CBG in the second quarter of 2021 -  six months ahead of expectations.  In a statement, the biotech told investors it had selected a contract manufacturing organization (CMO) to manufacture its first cannabinoid, cannabigerol (CBG), with a first commercial-scale multi-kilogram run scheduled for the first quarter next year. "Advancing to commercial-scale production is the final step in our transition to becoming a revenue-generating company," said Trevor Peters, Willow's CEO, in a statement.

Alpine 4 Technologies, Ltd., (OTCQB:ALPP) a leading operator and owner of small market businesses, has announced the creation of two drone subsidiaries to reside in its A4 Technology portfolio. In a statement, Ian Kantrowitz of Alpine 4's executive leadership team commented: "As we expand our footprint in the drone market, these new subsidiaries will serve to subdivide our drone tech into two categories; (1.) EMS services: Impossible Aerospace has already proven the viability of the US-1 drone through its relationships with law enforcement and the US Air Force. Its unparalleled flight time will assist with countless future applications. Additionally, people may be surprised by the lifting capabilities of the US-1 and to know that it is scalable. (2.) Delivery: Part 135 certification permits a company to deliver beyond visual line of sight. We, at Alpine 4, are highly motivated to enter the drone delivery space."

Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) is due past royalty payments it is owed by Bass Metals (ASX;BSM) over the latter's Graphmada project in Madagascar, following a positive arbitration decision, the company revealed on Wednesday. Following the acquisition of the Graphmada royalty (2.5% gross sales royalty) by Vox's subsidiary SilverStream, Bass disputed the royalty calculation terms. But now the arbitrator has determined that Bass unreasonably withheld consent to the assignment of royalty rights to SilverStream, and it must pay past-due royalties owing from the operator. The arbitrator also ruled that Bass should pay additional legal costs and expenses.

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) announced Wednesday that it held a Type B meeting with the US Food and Drug Administration for an inhaled THC-based innovative drug for the treatment of chemotherapy-induced nausea and vomiting (CINV).  In a statement, the company said the new drug will be part its global commercialization strategy to maintain a lead position in the treatment of CINV in patients with cancer, who failed to respond adequately to conventional anti-vomiting treatments. The inhaled THC drug, along with the Dronabinol Adversa drug product, will target global markets. Last week, Tetra completed a new pre-Investigational New Drug meeting with the FDA for the inhaled THC drug, as the 505(b)(2) regulatory pathway supports accelerated development of a drug to market that relies partially on published literature references and data previously reviewed by the FDA for the approval of a separate application. 

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) (FRA:7BC) reported that it intends to further expand into the US market and is in the process of evaluating a list of potential strategic partnerships and acquisition targets. The company also said it is considering expansion south of the border through internal growth projects and is specifically seeking strong beverage brands, manufacturers and distributors that have a wide range of capabilities and established distribution networks. 

Pacton Gold Inc. (CVE:PAC) (OTCPINK:PACXF) (FRA:2NKN) has announced that Karly Oliver has been elected to its board of directors following the group's recent 2020 Annual General Meeting. The company added that at the meeting, held on December 15, 2020, shareholders voted in favour of all items of business, including the appointment and remuneration of auditors and approval of the company's stock option plan. All directors proposed by management were elected at the meeting. Nav Dhaliwal, interim president and CEO of Pacton, commented" "We are delighted to welcome Karly Oliver to the Board of Directors. Ms Oliver is a talented geologist with a long, successful background in gold exploration and project development. She is a strong addition to the Board, and we look forward to her insight as we continue to ramp up activity at our Red Lake projects."

RedHill Biopharma Ltd (NASDAQ:RDHL) (FRA:2RH) revealed promising preliminary results on Tuesday from a preclinical study on its advanced stage drug candidate opaganib. The results indicate that the drug reduces thrombosis, or blood clotting, in a preclinical animal model of acute respiratory distress syndrome (ARDS), one of the potentially life-threatening complications of COVID-19.

Great Bear Resources Ltd. (CVE:GBR) (OTCQX:GTBAF) has announced the appointment of Michael Kenyon as its non-executive chairman and the addition of Paula Rogers to its board of directors. The company also announced that it has partnered with VRIFY Technology Inc. to develop an interactive presentation, including a virtual geology overview and 3D model of its Dixie Project in Red Lake, Ontario. The group said it will continue to periodically update its interactive content alongside drill results and other catalysts as the Dixie Project continues to be advanced.

Loop Insights Inc. (CVE:MTRX) (OTCQB:RACMF) has announced its placement in an editorial published by NetworkNewsWire, one of 50+ trusted brands in the InvestorBrandNetwork, a multifaceted financial news and publishing company for private and public entities. To view the full publication, “Loop Insights Achieves World Recognition After First-Ever Fully Integrated COVID-19 Testing, Tracing, Fan-Engagement Solution for NCAA,” please click on: https://nnw.fm/gCCZ6

Vox Royalty Corp (CVE:VOX) said the TSX Venture Exchange has accepted for filing documentation relating to a royalty sale and purchase agreement dated November 25, 2020, between Sable Metals and Minerals Pty. Ltd., Vox Royalty Corp., and SilverStream SEZC, a wholly-owned subsidiary of the company. Under the agreement, the company will acquire the 1.75% gross sales royalty held by the vendor over the Uitvalgrond Portion 3 property of the Brits vanadium project in South Africa. As consideration, the company is required to: (i) pay upfront payment of US$500,000 in cash and issue 140,170 common shares to the vendor upon closing of the agreement; (ii) pay US$1 million to the vendor once 210,000 tonnes have been mined over a continuous six-month period; and (iii) pay a further US$250,000 to the vendor once 1.5 million tonnes have been mined over a rolling three-year time horizon.

Deep-South Resources Inc. (TSXV:DSM) (FRA:DSD) said it has granted an aggregate of 2,150,000 stock options to directors and officers of the company. Each option entitles its holder to purchase one common share of the company at a price of $0.17 per share for a three-year period. The options are vesting every 6 months for a period of 24 months and are granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the company's stock option plan.

Binovi Technologies Corp (CVE:VISN) said the TSX Venture Exchange has accepted for filing a share purchase agreement dated December 7, 2020, between the company and VTA Software Corp., whereby the company is acquiring the issued and outstanding shares of VTA, which holds the VERA software and its related intellectual property and inventory. The consideration is 13.39 million common shares issuable to the shareholders of VTA on a pro-rata basis. Fiore Management and Advisory Group will receive a 2% administrative fee of 267,800 common shares. Binovi also said, separately, that the TSX Venture Exchange has accepted for filing its proposal to issue 1,223,364 shares at 17.5 cents per share to settle outstanding debt for $214,088.70 with one creditor.

American Manganese Inc (CVE:AMY) announced that it has closed a non-brokered private placement of 521,000 flow-through units for gross proceeds of $125,040. Each flow-through unit consists of one flow-through common share of American Manganese and one warrant, which will be exercisable for one common share at a price of $0.30 per share for a period of two years from the warrant's issuance date. The proceeds will be used to finance exploration of the company's Canadian mineral properties.

Milestone Scientific Inc. (NYSEAMERICAN:MLSS), a leading developer of computerized drug delivery instruments that provides virtually painless and precise injections, said the company’s Interim CEO, Leonard Osser, plans to exercise up to 336,970 options. In connection with the transaction, he plans to sell a portion of his shares to cover the cost of the options and associated taxes. However, the net impact of the transaction will be an increase in Osser’s overall common stock holdings. He has no plans to sell additional shares.

Alpha Growth PLC (LON:ALGW) (OTCQB:ALPGF) said it has qualified for trading on the OTCQB Market in the United States operated by OTC Markets Group Inc.(OTCQX:OTCM) and will commence trading there on Wednesday under the ticker symbol 'ALPGF'. The financial services specialist in the growing Senior Life Settlement (SLS) asset class added that its ordinary shares will continue to trade on the London Stock Exchange's Standard List market under the symbol 'ALGW'. In a statement, Gobind Sahney, CEO of Alpha Growth, said: "This is another milestone in Alpha's development as we drive increased awareness in the US of our BlackOak Alpha Growth Fund.  We are marketing to over 30,000 Registered Investment Advisors who wish to learn more about the fund's general partner and follow Alpha's growth and invest in its shares."

Real Luck Group Ltd (CVE:LUCK), the parent company of esports betting brand Luckbox, detailed some of its ambitious plans for the year ahead as its shares began trading on the TSX Venture Exchange in Toronto on Wednesday. Luckbox is listing on the public markets just 20 months after accepting its first bet and after a year that had seen rapid growth in esports viewing and betting, which led to the group reporting a 500% increase in turnover during the spring lockdown.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that Direct Communication Solutions, Inc. (CSE:DCSI) (OTCQX:DCSX), a provider of information technology solutions for the Internet of Things (loT) market, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "We are pleased to trade on the OTCQX Market, offering our shareholders increased cross-border liquidity as well as increasing our visibility," said Chris Bursey, CEO of Direct Communication Solutions. "We look forward to developing our plan to become a leading provider of information technology solutions for the Internet of Things (loT) market."

DGTL Holdings Inc. (CVE:DGTL) (OTCQB:DGTHF) (FTA:A2QB0L) said it has successfully up-listed its common shares to the OTCQB Venture Market under the symbol 'DGTHF'. The company said it believes that listing on the OTCQB and FSE markets will provide DGTL’s common shares with enhanced equity and liquidity and new visibility among US and European investors as well as expanded access to the international investment banking community. DGTL continues to trade on the TSX Venture under the symbol 'DGTL'.

Urbanimmersive Inc. (CVE:UI) (OTCQB:UBMRF) said its common shares commenced cross-trading today on the OTCQB Market in New York. The Company was previously trading on the OTC Pink under the same ticker. Joe Coveney, VP of International Corporate Services at OTC Markets Inc (OTCQX:OTCM), said: "We are happy to welcome Urbanimmersive to the OTCQB Market. With its primary listing remaining on the TSX Venture Exchange in Canada, cross-trading on the OTCQB Market will allow the Company to broaden its global footprint and provide investors in the U.S. with the ability to access the Company’s shares in U.S. dollars, during U.S. market hours. The OTCQB Market supports international companies seeking to strengthen visibility and transparency within the U.S. public markets. Trading on the TSXV and on the OTCQB Market will enable Urbanimmersive to efficiently build global investor awareness and provide U.S. investors with a seamless trading experience, enabling investors to more easily trade through the broker of their choice. We congratulate Urbanimmersive on joining our OTCQB Market." The OTCQB is a US inter-dealer quotation system and trading platform operated by the OTC Markets Group. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Simon Bedard, CFO of Urbanimmersive, said: “We are excited to have successfully completed our submission on the OTCQB Venture Market which is a significant and timely milestone for us considering our recent business development, especially with the scale up of our new immersive solutions into the U.S. market."

Westport Fuel systems Inc. (TSX:WPRT) (NASDAQ:WPRT) has said it will participate in a virtual conference event hosted by Water Tower Research to provide a business review of 2020 and look ahead to 2021. The event will take place on Wednesday, December 16, 2020, at 12.00pm Pacific Time. The presentation is open to anyone, will be webcast live and be available for replay by visiting the Westport Fuel Systems’ website at www.wfsinc.com. To register follow the following the link: https://globalmeet.webcasts.com/starthere.jsp?ei=1415047&tp_key=465f927d67

International Montoro Resources Inc  (CVE:IMT) (OTCPINK:IMTFF) says the nominees listed in the Management Information Circular for the 2020 Annual General Meeting of Shareholders on December 15 were duly elected. The shareholders elected Karim Rayani, Mark Luchinski, Gary Musil, Brent Griffin and Fraser Rieche as directors for the upcoming year. The scrutineer reported that there were a total of 49 shareholders holding 16,905,657 shares represented in person or by proxy at the meeting. This represents 26.21% of the total 64,512,105 shares issued and outstanding. In addition, at the Directors Meeting following, the directors appointed Karim Rayani as President/Chief Executive Officer and Fraser Rieche as Corporate Secretary/Chief Financial Officer for the upcoming year. And the Audit Committee will be comprised of Gary Musil, Brent Griffin and Mark Luchinski.

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