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NA Proactive news snapshot: VolitionRx, Empower Clinics, CleanSpark, Arizona Silver Exploration UPDATE ...

Last updated: 17:00 09 Feb 2021 EST, First published: 10:00 09 Feb 2021 EST

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VolitionRx Limited (NYSEAMERICAN VNRX), a multinational epigenetics company that applies its Nucleosomics platform through its subsidiaries to develop simple, easy to use, cost-effective blood tests to help diagnose a range of cancers and other diseases, announced Tuesday that it is commencing an underwritten public offering of its common stock. All of the shares will be sold by Volition, subject to customary closing conditions. In addition, Volition intends to grant the underwriter of the offering a 30-day option to purchase up to an additional 15% of the number of shares offered. Cantor Fitzgerald & Co is acting as the sole book running manager of the offering.

Empower Clinics Inc. (CSE:CBDT) (FRA:8EC) (OTCQB:EPWCF) has announced that, effective February 8, 2021, it has inked a partnership with Rexall Pharmacy Group to launch the first of multiple integrated healthcare centres within the group's pharmacies commencing in Ontario, Canada. The integrated healthcare company said it and Rexall have identified numerous initial locations throughout Ontario, spanning from Ottawa to London and around the Greater Toronto Area. The group said the size of the locations can range from 1,500 to 4,000 square feet. As each new location is agreed upon, key terms are outlined in a letter of intent and in the lease or sub-lease agreements with the first anticipated agreements February 2021.

CleanSpark, Inc. (NASDAQ:CLSK) has provided a 60-day post-acquisition update on its Bitcoin mining operations and said it expects to further increase its Petahash rate in February 2021, beyond prior projections.  The diversified software and services company pointed out that it has continued to procure and deploy mining equipment as part of its strategic growth initiative, purchasing its equipment mostly through dealer networks rather than directly through the manufacturers to ensure immediate availability. Orders for new mining equipment continue to be delivered in multiple shipments and are promptly commissioned as they arrive.

Arizona Silver Exploration Inc (CVE:AZS) (OTCMTS:AZASF) said it has signed a new contract for a minimum of 4000 feet of core drilling in at least 12 holes at the company’s Philadelphia gold-silver project in Arizona. The new drill program will begin in mid-February, with the objective of testing the down-dip extensions of high-grade gold-silver mineralization intersected in the previous round of drilling announced on October 5, 2020. “We continue to believe we are on the trail of the continuation of the high-grade vein, even though we were interrupted by a fault going down dip. The vein remains open along strike of the high-grade intercept in hole PC20-39A, which intersected 10.76 metres containing 9.26 grams per tonne (g/t) gold, 79.8 g/t silver, and 344 g/t beryllium beginning at a depth of 27.96 metres on section 400N, and which we intend to pursue in the next round of drilling on sections 500N thru 800N,” Arizona Silver vice president of Exploration Greg Hahn said in a statement.

Hill Street Beverage Company Inc (CVE:BEER) (OTCMKTS:HSEEF) announced Tuesday that it is appointing current board members Lori Senecal and Craig Binkley as co-CEOs on an interim basis. The two board members will fill the role of outgoing CEO Terry Donnelly, who is expected to remain with the beverage company as a board member until its next annual general meeting. In a statement, board chairman Jack Fraser thanked Donnelly for his service to the company, telling shareholders that his “expertise and dedication” benefitted Hill Street in many ways.

Nextech AR Solutions (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) announced Tuesday that its Virtual Experience Platform (VXP) will be used to host the 2021 virtual Canadian Surgery Forum (CSF) in September. The CSF is the largest surgical meeting in Canada, bringing together more than 1,000 general surgeons each year, and 2021 marks its 20th anniversary. The event seeks to connect surgeons from seven surgical societies representing key subspecialties, including general surgery, thoracic surgery, colon and rectal surgery, surgical oncology, hepatobiliary surgery, hernia surgery and trauma surgery.

Alpine 4 Holdings, Inc. (OTCQB:ALPP) announced that its Quality Circuit Assembly (QCA) subsidiary has received an additional $1million in new orders for Q1 & Q2 on top of the $1.5 million in new orders received in December 2020 and early January 2021. The company, a leading operator and owner of small market businesses, said these orders consist of leading-edge EV companies, advanced robotics, and environmental tech companies. It noted that QCA anticipates these orders to increase in size over the next twelve months.

Golden Arrow Resources Corp (CVE:GRG) (OTCQB:GARWF) has said it is well placed financially to fast-track its work to potentially generate 'multiple new discoveries' this year. In an update to shareholders, Golden Arrow executive chairman, president, and CEO Joseph Grosso said that the group, despite coronavirus (COVID-19) challenges, continued to stay selectively active in Argentina, Chile, and Paraguay.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF)  said Tuesday it is progressing well towards the completion of its proposed acquisitions of ALPS and Green Therapeutics LLC (GT). Australis is seeking a 51% interest in ALPS and the 100% acquisition of the outstanding membership interest in Green Therapeutics, which includes the discontinuation of all previous litigation with Green Therapeutics. “As per the Company's commitment to keep our shareholders fully informed and apprised, we are expecting to enter into definitive agreements with ALPS in short order,” the Nevada-based company said in a statement.

Falcon Gold Corp (CVE:FG) (OTCPINK:FGLDF) said Tuesday it has successfully renegotiated an agreement for its interest in the ERSA property in Argentina. The company said that it has signed an amended agreement with Esperanza Resources SA and Rojnica Ivo, both vendors of the 11,072-hectare gold-silver-copper property. Under the renegotiated agreement to earn its initial 80% interest, Falcon has agreed to make payments to the vendors over a four-year option period totalling 500,000 Falcon shares and 500,000 warrants. During the four-year option period, Falcon is to make minimum expenditures on the property amounting to US$350,000.

Ceylon Graphite Corp (CVE:CYL) (OTC:CYLYF) (FRA:CCY) announced Tuesday that it has developed and published best in class environmental, sustainability and governance (ESG) standards in an effort to establish itself as a global leader in ESG for all innovative graphite companies globally. The company said it enjoys many natural advantages and has a commitment to establish new standards in the industry to protect the planet. The goal is to become a market leader in the space and become an attractive target for socially responsible investment (SRI). Ceylon Graphite has committed to no open-pit mining, and by virtue of its high-quality, low-cost vein graphite resources, said there is no need. The company also believes that certified renewable energy should be used in all operations.

Naturally Splendid Enterprises Ltd. (CVE:NSP) said it has added chef Alastair Gregor to its executive team as an adviser and consultant. The company noted that Chef Alastair is a classically trained chef, culinary instructor, nutritionist, food writer, flexitarian, businessman and consultant with over 40 years of culinary experience operating restaurants in Vancouver and Whistler, British Columbia. He has worked for prestigious organizations such as the Four Seasons Hotels and Resorts and has spent the last eight years as Executive Chef and VP of Corporate Sales for Rhineland Cutlery, presenting at food shows across Canada. Under the direction of Chef Alastair, the company said it is developing a series of on-line, plant-based nutrition cooking shows to demonstrate how simple it is to incorporate delicious, wholesome Natera Foods into people's diets. In addition to providing informative content for consumers, these shows will further enhance the company's e-commerce and social media strategy and presence for Natera Plant Based Foods.

Cloud Nine Education Group Ltd (CVE:CNI) (OTCMKTS:CLGUF) has announced the appointments of Kant Trivedi to its board of directors and Nilda Rivera as chief financial officer and corporate secretary, effective immediately. The company said that Trivedi has over 20 years of experience building and managing world-class customer operations within the technology, telecommunications, financial services, and blockchain sectors. He is a co-founder and director of Blockfusion Technologies Inc, a technology company building the world's largest blockchain and AI infrastructure. Meanwhile. the company said that new CFO Rivera has over 20 years of experience in corporate and operational finance and managed publicly listed companies.

Water Tower Research said that Theratechnologies Inc president & CEO Paul Lévesque and its chief medical officer Christian MarsolaisCEO Paul Lévesque will be taking part in the Water Tower Research Fireside Chat Series on Wednesday, February 10, 2021, at 2.00 pm EST. The discussion, which is open to all investors, will focus on the US FDA fast-track designation received by the company for its lead peptide-drug conjugate TH1902, which uses the company’s proprietary SORT1+ Technology. SORT1+ Technology targets sortilin 1 receptor-positive cancers by linking oncology drugs such as docetaxel to a proprietary peptide that binds to the receptor. This less toxic, targeted therapy can potentially be used for such cancers as colorectal, pancreatic, ovarian, and triple-negative breast cancer. To register for the event, investors should use the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1431085&tp_key=ef5021264e

Exro Technologies Inc (CVE:EXRO) (OTC:EXROF) (FRA:1O2), a power electronics company, announced Tuesday that it has expanded its strategic partnership with SEA Electric Pty Ltd to accelerate development of its battery control system (BCS). The expanded strategic collaboration agreement includes SEA Electric providing Exro with two electric delivery vans to showcase Exro's battery control system and facilitate second-life battery storage by the second half of 2021. With a focus on utilizing electric truck batteries for energy storage applications, Exro and SEA will co-develop the BCS for operational validation.

Acasti Pharma Inc (NASDAQ:ACST) (CVE:ACST) (FRA:A1PA), which is currently going through a review process aimed at enhancing shareholder value, posted Tuesday its fiscal third-quarter results to end-December last year. In the statement, the biopharma said it believes it has enough cash to fund it through this process, or at least the next 12 months. As at the end of 2020, the company held cash of C$26.5 million compared to C$14.2 million at the end of March.

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) (FRA:2LD) told investors that its Barrick alliance had expanded its footprint at the Sanru project on the island of Hokkaido to cover potential extensions. The Japanese government has granted applications for a total of a further 9,571.7 hectares (Ha) and cover prospective areas north and south of the Sanru mine, the company said.  It means the project area, which is Japan Gold's largest project, now amounts to 41,394.1 Ha and covers a 25 kilometre (km) strike length of prospective graben-fill geology, from the Sanru mine in the southwest to the boundary of Irving Resources Inc's Omu project in the north.

NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NTTCF), a cryptocurrency payments company, announced Tuesday that trading volume and user deposits on the NC Exchange exceeded $4 million in January, good for a new monthly record. The NC Exchange has seen trading volume surge both year-over-year (more than 30x) and month-over-month (5x). "Over the past two years, our focus has been on building merchant and partner acquisition and increasing merchant processing volumes, both of which have been growing rapidly over the past year," CEO Clayton Moore said in a statement. "Heading into 2021, we are fine-tuning our exchange product in support of our payment processing business - the early results of this effort are already paying off as demonstrated by large increases in volume on the exchange."

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) has unveiled results from its first drill program at the Pilar gold-silver project in Mexico, which the group said showed "impressive" mineralization, open for expansion. The first phase program saw nine reverse circulation (RC) holes sunk for 1,505 meters (m) and planning for a second phase is already underway. The holes were all step-outs from historic holes in the Main zone and highlights included 41.2m at a grade of 1.1 grams per ton (g/t) gold from 57.9m depth. That included an intercept of 3.1 meters at 6 g/t of gold and 12 g/t silver from 71.6m depth.

INDVR Brands Inc (CSE:IDVR) (OTCMKTS:CAAOF) (FRA:3YX) said it has formally incorporated its subsidiary in the US state of California and is in late-stage discussions with three independent distributors to begin supplying its Honu edible products to about 400 retail locations throughout the state. The cannabis brand consolidator and edibles retailer said the expansion into California will mark the third state in which the Honu brand is manufactured and distributed after Oregon and Washington.

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) is continuing its success at the drill bit with a new mineralized intercept from its Tamarack nickel-copper-cobalt project in Minnesota. The company revealed Tuesday it had drilled a thick intercept of 110.7 metres (m) of semi-massive and disseminated sulphide mineralization at Tamarack. The hole was a 25m step out into an undrilled area on the northern part of the current resource area, according to a company statement.

Esports Entertainment Group Inc (NASDAQ:GMBL) (FRA:40Y1) reported that it has submitted its gaming license application with the New Jersey Division of Gaming Enforcement (NJDGE). The company noted that New Jersey has quickly become a US leader in legal sports betting, setting new wager records each month since August, with the state recording nearly $1 billion in total sports bets in December.

VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) (FRA:5VR) has received a drill permit for its Reveille silver project in the Walker Lane belt of Nevada and plans to get going on the ground there as it awaits for a similar permit for its nearby Amsel gold asset. The explorer said it aims to get drill rigs turning in two to three weeks at Reveille, while a state-of-the-art DC resistivity and time‐domain induced polarization (DCIP) survey is poised to begin there this week. 

Milestone Scientific Inc (NYSEAMERICAN:MLSS) announced Tuesday that it has signed two additional distribution agreements with Atlanta Dental and Nashville Dental for its Wand Single Tooth Anesthesia (STA) System. Atlanta Dental and Nashville Dental are leading distributors of dental products in the US, headquartered in Georgia and Tennessee, respectively. 

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) (FRA:A2PN34) announced Tuesday that it is on track to launch its Sekur secure communications solution to the US mass market. The company said it is putting the final touches on its Sekur.com website to ensure a smooth launch in the US. GlobeX is targeting all privacy enthusiasts in the consumer and business sectors, as other applications for secure messaging fail to guarantee data privacy and security for their users. The launch is expected by the end of March 2021, as the company is targeting several million consumers and business executives in search of a secure and private application for all their communications needs.

HempFusion Wellness Inc (TSE:CBD.U) (OTCMKTS:CBDHF) (FRA:8OO) announced Tuesday that chief marketing officer Ola Lessard was elected to a second consecutive term as president of the US Hemp Roundtable. The Roundtable is an influential non-profit group that lobbies for national hemp legislation in the US and is comprised of dozens of leading hemp and CBD companies. Lessard is the first woman and the first two-term president in the organization’s history. 

Bragg Gaming Group Inc (TSX:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) said a record number of online bets were placed on the Super Bowl LV game on Sunday. The gaming technology firm said more than US$4.3 billion in bets were placed on the game. Of these bets, more than 7.3 million were made online, a record figure and up 63% from last year.

American Resources Corporation (NASDAQ:AREC) announced Tuesday that it has engaged technology veteran William E. Smith III to lead the design, build and operation phase of its rare earth and critical mineral purification facilities. In a statement, the company said the facilities will utilize ligand assisted displacement (LAD) chromatography technology, which was recently licensed in partnership with Hasler Ventures and Purdue University.  Smith, president of CMID Inc, gained his experience during his 33-year career at Eli Lilly and Co (NYSE:LLY) (FRA:LLY), overseeing technical support of their worldwide manufacturing facilities and responsible for worldwide planning, design, and construction of capital projects. 

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) has announced the appointments of Regan Watts as the company’s new vice-president of Corporate Affairs and Dr George Puvvada as its Refinery Technical Manager. Watts, who has more than 20 years of public and private sector experience in regulatory and corporate affairs, is expected to add US corporate and regulatory affairs to his responsibilities to help First Cobalt advance its Iron Creek copper-cobalt project in Idaho, which aligns with US President Joe Biden's US$2 trillion green energy plan. Dr Puvvada, meanwhile, has more than 25 years of industrial metallurgical experience and will be a key member of the senior leadership team tasked with executing on First Cobalt's refinery expansion and commissioning strategy and qualifying the company's cobalt sulfate product for inclusion in Western automaker electric vehicle batteries.

Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) said Contemporary Amperex Technology Co Limited (CATL), a Chinese battery manufacturer and technology company that specializes in lithium-ion batteries for electric vehicles and energy storage systems as well as battery management systems, has said it intends to subscribe for 860,870 shares in Neo Lithium to maintain its 8% stake. The lithium brine developer said CATL will subscribe for the shares through a non-brokered private placement at C$3.05 each, providing Neo Lithium with gross proceeds of around C$2.62 million.

LiteLink Technologies Inc. (CSE:LLT) (OTCMKTS:LLNKD) (FRA:C0B:FF), a company focused in emerging technologies across growth sectors including crypto, blockchain, AI and cloud technologies, announced that it has completed its previously announced private placement. The offering was comprised of 10,050,000 common shares at a price of C$0.10 for gross proceeds of C$1,005,000. "We are pleased to have completed this offering and now have additional resources to continue to execute on our sales and growth strategies," said LiteLink chairman and CEO Peter Green in a statement.

Genprex, Inc. (NASDAQ:GNPX) said it has entered into securities purchase agreements with two healthcare-dedicated institutional investors for the purchase and sale of 4,000,000 shares of its common stock at a purchase price of $6.25 per share in a registered direct offering priced at-the-market under Nasdaq rules to raise $25 million. The clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes said no warrants will be issued in connection with the transaction. The closing of the offering is expected to occur on or about February 11, 2021, subject to the satisfaction of customary conditions.

RedHill Biopharma Ltd. (NASDAQ:RDHL), a specialty biopharmaceutical company, has announced that it will present at the following virtual conferences in February: SVB Leerink 10th Annual Global Healthcare Conference on Thursday, February 25, 2021, at 8.40 am ET, presentation and Q&A by its chief executive officer, Dror Ben-Asher; and BIO CEO & Investor Digital Conference, presentation available on-demand from February 16 by speaker, Guy Goldberg, Redhill's chief business officer. The webcasts of the presentations will be available for 30 days on the company's website: https://ir.redhillbio.com

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Two Rivers Financial Group, Inc. (OTCQX:TRVR), a one-bank financial holding company with operations headquartered in Burlington, Iowa has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Chair Frank Delaney commented: "Two Rivers Financial Group is pleased to announce that our shares will be trading on the OTCQX Best Market. This move ensures our current and potential shareholders convenient trading, expanded market exposure, improved liquidity, and enables our community members to become more involved in the ownership of Two Rivers Financial Group.  Utilizing the enhanced visibility the OTCQX provides, Two Rivers Financial Group will be able to supplement our strong employee ownership base, culture, investor recognition, and our commitment to shareholders and the communities we serve."

Ximen Mining Corp (CVE:XIM) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on February 4, 2021, which will see the issue of 1,218,493 shares at a purchase price of 30 cents each together with 1,218,493 share purchase warrants with an exercise price of 45 cents for a three-year period with one placee.

The TSX Venture Exchange has accepted for filing Ceylon Graphite Corp's (CVE:CYL) proposal to issue 1,970,624 shares to settle outstanding debt for $325,153.

Calyxt, Inc. (NASDAQ:CLXT), a plant-based technology company, has said it will hold a conference call on Thursday, March 4, 2021, at 4.30pm Eastern Time to discuss its results for the fourth quarter and full-year ended December 31, 2020. Calyxt chief executive officer Jim Blome and chief financial officer Bill Koschak will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the company’s website. To access the call, please use the following: Toll Free dial-in number 1-877-407-0789; Toll/International dial-in number 1-201-689-8562; Conference ID: 13715392. The conference call will be broadcast live and available for replay at https://public.viavid.com/index.php?id=143127 and via the investor relations section of the company’s website. A replay of the call will be available for one month following the conference: Toll Free Replay Number 1-844-512-2921; International Replay Number 1-412-317-6671; Replay ID: 13715392.

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