NA Proactive news snapshot: Litelink Technologies, Hillcrest Petroleum, Champignon Brands, TruTrace Technologies 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

Litelink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) unveiled its new CEO on Friday, Telus veteran Peter Green, along with a host of new faces at the board level. Green has extensive leadership experience in both large corporations and small businesses in the cloud technologies, AI, mobile and telecommunications sector. He most recently served as president of business solutions at Canadian telecoms giant Telus. In a statement Friday, Green said he was “excited” to join the British Columbia-based technology firm.

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) (FRA:7HI), at the request of Investment Industry Regulatory Organization of Canada, said Friday that it is unaware of any material change in the company’s operations that would account for its recent increase in market activity. Again, the company is not aware of any material, undisclosed corporate developments and has no material change to report at this time. The company will keep the market informed as required. It’s stock recently traded up by 22% to C$0.11 a share in Canada and by 9.3% to $0.08 a share in New York. 

Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF), a research-driven company specializing in breakthrough ketamine treatment for depression and other mental health conditions, revealed that CEO Dr Roger McIntyre’s article “Bipolar Disorders” has been published in the prestigious peer-reviewed The Lancet medical journal. The article is part of The Lancet's peer-reviewed seminars and provides a "state-of-the-art overview of bipolar disorders, covering epidemiology, parthenogenesis, diagnosis, treatment, and prevention, while highlighting relevant clinical controversies." Bipolar disorders develop before the age of 25 in 70% of adults and substantially reduce the quality of life and psychosocial functioning across a person’s lifespan.

TruTrace Technologies Inc (CSE:TTT) said Friday it is unaware of any material change in the company’s operations that would account for its recent increase in market activity. The company is the creator of a fully integrated software platform, secured on a blockchain infrastructure, that gives clients the ability to store, manage, share and immediately access quality assurance and testing details, as well as motion and movement intelligence on inventory. Shares were trading around C$0.10, up 66.7%, on Friday afternoon.

Deep South Resources Inc (CVE:DSM) (OTCMKTS:JAUGF) (FRA:DSD) revealed that it has upsized its previously announced non-brokered private placement to C$4.5 million from $C2 million due to “significant demand.” The mineral exploration company is raising the money to further advance its flagship Haib copper project in Namibia and for general working capital purposes. The porphyry deposit sits within a 37,000-hectare property and is one of the largest of its type in Africa, already housing a higher-confidence indicated resource of 3.1 billion pounds of the red metal. 

American Rebel Holdings Inc (OTCQB:AREB) CEO Andy Ross, in light of the riots on Capitol Hill Wednesday, noted that sales of guns — and the products to conceal and store them — are at an all-time high. The company cited FBI background checks, of which Ross said there was a record number in December, as evidence of rising demand for guns, ammunition and gun safes. "Safes are becoming the new appliance in the home," Ross said in a statement. "...Our made in America American Rebel vault door is the perfect finishing touch on a safe room."

Vuzix Corporation (NASDAQ:VUZI) announced that its CEO Paul Travers is scheduled to present at the Needham Virtual Growth Conference (January 11-15, 2021) on Friday, January 15, 2021 at 12:30 PM EST. The presentation will be webcast live and available for replay and can be accessed in the Investors section of the Company's website at: https://ir.vuzix.com/ . The company will also be available for one-on-one meetings at the conference and qualified institutional investors are welcome to schedule a meeting with management by contacting their Needham Sales Representative or conferences@needhamco.com .

PlantX Life Inc (CSE:VEGA) (FRA:WNT1) (OTCQB:PLTXF) has completed its acquisition of the private company, which runs the Locavore Bar & Grill restaurant in Squamish, British Columbia, marking the plant product-focused digital group's move to create a bricks and mortar flagship store.  The new 15,000 square foot (sq ft) Canadian flagship store in Squamish will offer all products currently available on www.plantx.ca, and will also be used as a training center for PlantX staff. PlantX brought the firm Score Enterprises Ltd, which also operates the "Cloudburst Café" and "Locavore Food Truck, for C$1.35 million in cash and shares.

Deep South Resources Inc (CVE:DSM) (OTCMKTS:JAUGF) (FRA:DSD) revealed on Friday that it has upsized its previously announced non-brokered private placement to C$4.5 million from $C2 million due to “significant demand.” The mineral exploration company is raising the money to further advance its flagship Haib copper project in Namibia and for general working capital purposes. The porphyry deposit sits within a 37,000-hectare property and is one of the largest of its type in Africa, already housing a higher-confidence indicated resource of 3.1 billion pounds of the red metal. 

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) announced Friday that it will provide its venue management platform to the Big West Conference Men’s and Women’s Basketball Championships on March 9-13 at the Mandalay Bay Events Center in Las Vegas. A total of 19 NCAA basketball teams will compete in the Big West Conference Finals for a chance to enter the NCAA 2020-2021 “March Madness” Tournament in Las Vegas. Loop said its selection by bdG Sports for the Big West Conference Championships follows the successful deployment of the company’s venue bubble solution at two previous NCAA basketball tournaments -- the Gulf Coast Showcase and the Vegas Main Event.

Aurion Resources Inc (CVE:AU) (OTCMKTS:AIRRF) (FRA:8RA) chairman David Lotan told shareholders on Friday that the company is excited about its prospects in 2021.  The Canadian gold explorer has a portfolio of properties in Finland, including its flagship Risti and Launi projects, as well as joint venture agreements with Kinross Gold, B2Gold and Strategic Resources in the Nordic country. “The gold-producing industry appears to be finally emerging from a prolonged period of fiscal discipline, balance sheet repair and asset divestiture. The sector is now rapidly consolidating and moving towards a growth-seeking phase,” Lota wrote in a shareholder letter.

Westport Fuel Systems Inc (TSE:WPRT) (NASDAQ:WPRT) (FRA:WPIA) announced the appointment of Tony Guglielmin to the company’s board of directors, effective January 7, 2021. Westport noted that Guglielmin has a strong financial background and extensive industry experience, most recently as Senior Vice-President and Chief Financial Officer of Ballard Power Systems Inc.(NASDAQ:BLDP) (TSE:BLDP) (FRA:PO0).

Real Luck Group Ltd (TSXV:LUCK) and its group of subsidiaries known as Luckbox announced a flurry of leadership additions on Friday following its merger with Elephant Hill Capital Inc last month. The legal esports betting company has found its new CFO in Ran Kaspi, the former CFO of drone safety company ParaZero Ltd.  Before that, Kaspi served as finance director of Global-e, a European provider of international e-commerce solutions. Kaspi also brings substantial online gaming experience following almost six years at 888.com, an online casino and poker company, where he led the economic and performance team.  

DGTL Holdings Inc. (CVE:DGTL) (OTCQB:DGTHF) (FRA:A2QB0L) has announced the closing of the second tranche of the non-brokered private placement it announced on November 25, 2020, and updated on December 17, 2020. In the second tranche, the company raised aggregate gross proceeds of $883,615 by the issue and sale of 2,524,614 common shares at a price of $0.35 each. Under the first and second tranches of the offering, the company issued 5,714,285 common shares for aggregate gross proceeds of $2,000,000. The company said it intends to use the proceeds to develop the software of its wholly-owned subsidiary, Hashoff LLC, to service the fastest-growing multimedia social media application markets. Specifically, the company will finance the software development of the Hashoff SaaS (software-as-a-service) technology platform to service digital media platforms such as TikTok, Snapchat, Twitch, Triller, Reels and others, and for general working capital purposes. All securities issued in the second tranche of the offering are subject to a statutory hold period expiring May 8, 2021.

O3 Mining Inc. (CVE:OIII) said it has entered into a definitive property transfer agreement dated December 15, 2020, with Osisko Mining Inc. under which the O3 Mining, through its wholly-owned subsidiary, NioGold Mining Corporation, will transfer all of its rights, titles and interests in its Blondeau Guillet Property located in Belleterre, Québec to Osisko Mining. O3 Mining, which forms part of the Osisko Group of companies, is a mine development and emerging consolidator of exploration properties in prospective gold camps in Canada - focused on projects in Québec and Ontario – with a goal of becoming a multi-million ounce, high-growth company. It holds a 100% interest in properties in Québec (133,557 hectares) and Ontario (25,000 hectares). O3 Mining controls 66,064 hectares in Val-d'Or and over 50 kilometres of strike length of the Cadillac-Larder Lake Fault. O3 Mining also has a portfolio of assets in the Chibougamau region of Québec.

Progressive Planet Solutions Inc. (CVE:PLAN), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, announced that the size of the non-brokered private placement financing previously announced on December 22, 2020, has increased from 3,500,000 units to up to 7,500,000 units, at $0.10 per unit, for aggregate gross proceeds of up to $750,000. Each such unit will consist of one share and one warrant exercisable at $0.15 per share for a period of 24 months from issuance. Use of the proceeds will be for general working capital. Countryman Investments Ltd., a company of which David Richardson is the principal is expected to participate in this financing. Richardson is a "control person" of the company by reason of holding, directly and indirectly, more than 20% of the issued and outstanding shares. All securities issued under these financings are subject to a statutory four-month hold period.\

Gatling Exploration Inc (CVE:GTR) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on November 25, 2020, which seeds the issue of 3.24 million common shares and 5,497,140 flow-through shares at purchase prices of 50 cents per common share and 55 cents per flow-through share, together with 1.62 million share purchase warrants with an exercise price of 70 cents for a two-year period with 38 placees.

Canafarma Hemp Products Corp. (CVE:CNFA) has said it expects to file its annual filings and Q1 filings on or before January 15, 2021. If issued, it is anticipated that the current Cease Trade Order (CTO) will remain in place until such time as the company makes the filings and a full revocation of the CTO has taken effect.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for over 11,000 US and global securities, has announced that TILT Holdings Inc. (CSE:TILT) (OTCQX:TLLTF), a global cannabis company with a portfolio that includes best-in-class inhalation technologies, business solutions, cultivation, manufacturing, processing, distribution, brands and retail, 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. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. "Our move to the OTCQX Best Market is a testament to TILT's financial strength as well as our team's commitment to delivering a higher standard of compliance, disclosure and corporate governance," said Gary Santo, president of TILT Holdings. "Upgrading to the OTCQX will provide improved visibility into the trading of our stock and improved access for US Shareholders seeking to take part in TILT's growth."

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that Zoetic International PLC (LON:ZOE) (OTCQX:ZOEIF), a vertically integrated CBD business with sales in the US and UK, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. Trevor Taylor, co-CEO of Zoetic, commented: "The commencement of trading on OTCQX reflects the Company's tremendous progress towards transitioning to a pure-play, integrated CBD company over the past 12 months. Our recent product development and wholesale distribution expansion have set the stage for the first leg of projected multi-year, sustainable growth for the Company. We couldn't be more pleased with our progress to date, as well as our current position in this high-growth market.  We want to thank the folks at OTC Markets for their efforts in enabling this next step for the Company."

Ideanomics (NASDAQ:IDEX) has announced that its CEO, Alf Poor, will present on a panel at the FORCE Family Office & ROTH Capital Partners EV Symposium, which is being held virtually, today January 8 at 11.00am ET. "2021 will be the breakout year for commercial Electric Vehicles," said Poor. "We are excited to discuss our recent acquisition WAVE alongside our industry peers as we speak about the future of EV infrastructure." Ideanomics will participate in the second panel, featuring other leading electric vehicle infrastructure companies; Luokung, Nuvve, Blink Charging, and Beam Global. "We are looking forward to hosting this important event which brings together some of the brightest minds to discuss the global EV opportunities," said Steven Saltzstein, FORCE Family Office CEO. "We are excited that Craig Irwin from ROTH Capital Partners will be joining us to moderate both panels as well." For additional information or to register for the event, investors should visit: https://forcewealth.com/portfolio-items/ffk-ev-2021-01-08/. A replay of the panel will be available on the company website shortly after the event.

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