NA Proactive news snapshot: SoLVBL Solutions, Clean Seed Capital, Thesis Gold, Sassy Resources UPDATE ...

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

Newspapers and laptop
Your daily round-up from the world of Proactive

SoLVBL Solutions Inc has closed a second private placement of company units in as many weeks. A total of 13,333,333 units priced $0.075 each were issued for gross proceeds of $1 million. The private placement was led by Research Capital Corporation, which served as sole agent and sole bookrunner. On July 23, SoLVBL reported the closing of an upsized private placement which brought in $3 million, together with the closing of Friday's $1 million placement SoLVBL has now raised proceeds of $4 million.

Clean Seed Capital Group (TSX-V:CSX) Ltd said it had hired market-making, social media consulting and media advisory services in advance of its fall commercialization activities. The aim is to create awareness of the company, its common shares on the TSX Venture Exchange and to ensure there is an available market for its common shares. These activities further complement the Company's application to the OTC Markets to have its common shares traded on the OTCQB Venture Market. The hires are Independent Trading Group as a market maker, GRA Enterprises LLC to provide news and media services, Northern Equities Corp. to provide social media consulting services. In the statement, the company added that it had applied to the TSX Venture Exchange to extend the expiry date of a total of 3,175,000 share purchase warrants exercisable at C$0.50 per share from July 30, 2021 to January 31, 2022, subject to the approval of the exchange.

Thesis Gold Inc investor Delphi Unternehmensberatung Aktiengesellschaft (DU) has disposed of 40,000 common shares of Thesis Gold through a disposition in the public market for a total consideration of $52,016. As a result of the transaction, DU now has ownership and control over 1.56 million common shares, representing about 3.44% of the 45,409,973 issued and outstanding common shares as of July 29, 2021, calculated on a non-diluted basis. In addition, DU holds 2.8 million common share purchase warrants, each of which entitles the holder to purchase one common share at a price of $0.75 for a period of two years from the date of issuance; assuming the exercise in full of all warrants held, DU has ownership and control of 4.36 million common shares, representing about 9.04% of the issued and outstanding common shares of the issuer as of July 29, 2021, calculated on a partially diluted basis.

Sassy Resources (CSE:SASY) Corporation said that diamond drilling has started at the Westmore Discovery Zone in the southwest portion of the company's 100%-owned Foremore Property in Northwest British Columbia’s prolific Eskay Camp. The Vancouver-based exploration stage resource company said that initial drill holes will “target individual veins with impressive widths at surface up to five meters” and “vein swarms and stockworks with total widths on surface of 15 to 20 meters” in a potential significant expansion of the discovery to the south, the east, and at depth. In a statement, Sassy CEO Mark Scott said: “The diamond drill is turning at the Westmore Discovery Zone on veins and swarms that feature widths significantly greater than those intersected with our six highly encouraging maiden drill holes in 2020 and at a lower elevation, which will give us a much deeper ‘look' into the Westmore granodiorite intrusive and the auriferous quartz veins which penetrate it.”

Numinus Wellness Inc closed out its fiscal third quarter with a strong $63.2 million cash position, surging revenue from its clinic operation, trial advances and by making a strategic push into psychedelic neurology. For the period ended May 31, 2021, the Vancouver, British Columbia-based mental health care company advancing psychedelic-assisted therapies, saw revenue of $562,076, up 160% from $216,244 in the same quarter of 2020. Similarly, for the nine-month period ended May 31, 2021, the company saw revenue of $1,022,771, up 68% from $610,148 in the same period a year earlier.

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF, FRA:T2X) reported that it has poured first gold from its Segilola mine in Nigeria this morning (July 30). "The first gold pour at Segilola, our first mine and the first commercial gold mine in Nigeria, is a significant achievement for the company," CEO Segun Lawson told investors in a brief statement. Commercial output is slated for September this year and the ramp-up of the process plant will continue over the next six weeks. At that stage, the plant will run at a processing rate of 715,000 tonnes per year, targeting around 85,000 ounces of gold a year.

Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) has announced the closing of a multi-event deal for the fenestration industry using its LiveX platform with FENEX worth about $185,000. Nextech said the events will reach over 30,000 people in the home improvement sector and will introduce a new digital marketplace, where consumers can interface, try new products via Augmented Reality, and get educated on home improvement options with top UK vendors like Deceuninck, ODL Europe, VBH, Brisant, and GQA Qualifications. Nextech said FENEX is the fenestration sector's (fenestration refers to all openings in the building envelope, including curtain walls, windows, doors and skylights) first virtual exhibition platform powered by LiveX. 

Benchmark Metals Inc said it is set to start drilling at the Marmot and Marmot East targets at the company's flagship Lawyers project in British Columbia in a bid to generate more near-suface gold and silver ounces. The firm is planning 12,500 metres (m) of exploration drilling at Marmot to follow up on last year's discovery hole, which hit 101.00m grading 0.82 grams per ton (g/t) gold-equivalent, including an intercept of 18m of 2.5 g/t gold. Benchmark said that 2,500m was planned at the adjacent Marmot East target.

PlantX Life Inc posted fiscal fourth-quarter results that saw its revenue jump 134% over the fiscal third quarter as the company’s sustained investments in operational activities boosted growth. For the period ended March 31, 2021, the Vancouver-based company, which is spearheading the movement towards a plant-based lifestyle, reported gross revenue of C$4,294,016, compared to gross revenue of C$1,832,484 in the fiscal third quarter in 2021. The firm calculated that the cost of goods sold for the fiscal 4Q worked out to $3,295,120, and it generated a gross margin of 23%, compared to 20% in the 3Q.

Namaste Technologies Inc (TSX-V:N, OTCQB:NXTTF) has announced an improvement in its second-quarter 2021 gross margins before inventory adjustments, its third consecutive quarterly increase, on greater sales of higher margin products. The company generated C$6.3 million in gross revenue for the quarter, 52% of which was derived from cannabis sales that increased 18% year over year. “We are very pleased with the accomplishments we have made on the operating front which include increased margins over the last three quarters as well as an improvement in EBITDA within all our operating segments,” Namaste Technologies CEO Meni Morim said in a statement.

NEO Battery Materials Ltd. (TSX-V:NBM) has provided details on the company’s innovation utilizing modified carbon nanotubes (CNTs) as a new material to manufacture long-lasting, low-cost and mechanically durable silicon anode active materials. The company noted that CNTs are theoretically known to retain similar electrical conductivity to copper and have more than 100 times the strength of steel. In addition, conventional carbon fibers have been known to easily break at a 1% strain but CNTs have displayed the ability to maintain their structural properties at a 15% stretching level. Due to this capability to endure mechanical stress, NEO said CNTs can act as an effective damper for the volumetric expansion problem of silicon anodes during charging and discharging cycles. Additionally, the superior electrical conductivity of the material allows the performance of the anode to be maximized. 

Versus Systems Inc has announced the appointment of Amanda Armour as the company’s new chief people officer. Armour, who has been with Versus since 2016, will focus on growth, culture, learning and development, as well as hiring, to support the company in its recent acquisition of Xcite Interactive and spearhead Versus’ rapid continued growth. “Amanda is absolutely the ideal person for this role. Her many contributions to Versus have resulted in a more cohesive, supported, successful team,” Versus Systems CEO Matthew Pierce said in a statement.

Lucky Minerals (TSX-V:LKY, OTC:LKMNF) (TSX-V:LKY, OTC:LKMNF) Inc has reported more encouraging sampling results from its Wayka epithermal gold discovery at its Fortuna property in southern Ecuador. Wayka lies along an elevated ridge that trends northeast and recent mapping and sampling of two separate outcrops has encountered continuous gold values, returning an average of 17.63 grams per ton (g/t) over 3 meters (m), with one sample returning 26.50 g/t gold, the company said. 

Braxia Scientific Corp released its quarterly and year-end results showing the company heading into its next fiscal year with C$11.1 million in cash. For the year ended March 31, 2021, Braxia reported revenue of $1,008,372 and a gross margin of $145,666, or 14.4%, primarily derived from its network of ketamine clinics across Canada. The Toronto-based firm also reported 4Q revenue of $346,989 and a gross margin of $60,028, or 17.3%. 

TPCO Holding Corp (The Parent Company) says a group of insiders have voluntarily entered into lock-up agreements with regards to an aggregate of over 35 million shares of common stock, or around 36% of the total issued and outstanding shares of common stock. The California-based cannabis company said the lock-up went into effect Wednesday, July 28, 2021. As part of the agreement, the holders will “lock up the common shares that they directly own or over which they exercise control or direction through January 28, 2022.” 

Zoglo's Incredible Food Corp. has announced the appointment of Strategic Objectives as its lead Public Relations Agency. The Toronto-based firm, recognized as Canada's most award-winning Social PR agency, offers a full suite of services ranging from developing and executing on brand and product launches to influencer marketing and media relations. Zoglo' CEO, Anthony Morello commented: "Strategic Objectives has a remarkable track record helping deliver quality campaigns for marquee clients such as A&W, KIA and Saputo (TSX:SAP) among many others. We are excited to collaborate with their award-winning team to further develop the Zoglo's brand." Strategic Objectives will assist in managing Zoglo's brand communications, media relations and digital marketing. it will also source and connect the company to reputable micro and macro-influencers with the objective of expanding the Zoglo's brand.

Tocvan Ventures Corp. (CSE:TOC) has announced that the company has been approved to list the company’s common shares on OTC Markets Inc's OTCQB Venture Marketplace  Investors are now able to trade securities on the OTCQB exchange. the trading symbol is TCVNF. The company is also pleased to announce approval from the Depository Trust Company (DTC) to make the company’s common shares eligible to be electronically cleared and settled through DTC. Tocvan CEO Derek Wood commented: "With the recent success that the company has achieved in increasing the size and scope of the company’s flagship Pilar Epithermal gold and silver project, came many inquiries from US citizens wishing to purchase Tocvan shares. We are happy to be able to accommodate those investors now which were unable to buy our shares in Canada.  As well as the increased general interest towards investing in the resource sector, the timing is great to substantially increase the company’s visibility to a wider range of retail and institutional investors.”

Kainantu Resources Ltd (TSX-V:KRL). announced that it has changed its fiscal year-end to December 31, from its current fiscal year-end of November 30. Kainantu said it believes this change of year-end will better align the company's financial reporting periods to that of its peer group in the mineral resources sector. In addition, the calendar year-end coincides with traditional financial, operational, and taxation cycles.

AEX Gold Inc (AIM:AEXG, TSX-V:AEX, FRA:2NQ). has announced that at its Annual General and Special Meeting, held on June 9, 2021, all resolutions were unanimously passed. As a result, AEX Gold said that Line Fredriksen and David Neuhauser were appointed as non-executive directors of the corporation with immediate effect. Fredriksen has substantial experience in Greenlandic infrastructure and is currently CFO at Tele Greenland A/S, the leading provider of telecom solutions in Greenland, as well as being responsible for cybersecurity governance. Prior to being promoted to CFO, she was the Head of Finance at Tele Greenland A/S and has previously had roles at Air Greenland. Neuhauser has extensive capital markets and M&A experience and is the founder and managing director of event-driven hedge fund Livermore Partners in Chicago, a 6.47% shareholder in the Corporation. He has invested in and advised global public companies for the past 21 years and has a strong track record of enhancing intrinsic value. He currently sits on the board of Shareholders Gold Council, a Canadian corporation promoting best practices in the gold mining industry, AIM-quoted Jadestone Energy PLC (AIM:JSE), and Kolibri Global Energy Inc. The corporation also announced that it has granted incentive stock options to Jaco Crouse to acquire an aggregate of 900,000 common shares at $0.59 per share, with an expiry date of December 31, 2027. Eldur Olafsson, founder and chief executive officer of AEX Gold, commented: "On behalf of the board, I would like to extend a warm welcome to Line and David. They are highly experienced and skilled individuals, and we are fortunate to have them as part of our team as we continue to progress our material asset base in southern Greenland."  n a separate statement, AEX Gold said that on July 27, 2021, it was informed that Livermore Partners, a company in which David Neuhauser is managing director, acquired a total of 104,800 common shares of no par value in the company for an average price of $0.54. This brings Livermore Partners' total holding to 11,700,610 shares, 6.607% of the capital in the company.

Canada Silver Cobalt Works Inc said the TSX Venture Exchange has consented to the extension in the expiry date of 2,093,334 warrants with an exercise price of 50 cents. It said 1,076,667 warrants with an original expiry date of  September 6, 2021,  have been extended to September 6, 202; and 1,016,667 warrants with an original expiry date of September 13, 2021, have been extended to September 13, 2024. The warrants were issued under a private placement of 2,426,667 shares, with 2,426,667 share purchase warrants attached, which was accepted for filing by the exchange effective September 17, 2019.

Recruiter.com Group, Inc. (NASDAQ:RCRT) has announced that an interview with CEO Evan Sohn will air on The RedChip Money Report on Bloomberg on July 31, 2021, at 7.00pm Eastern Time. Bloomberg TV is available in an estimated 73 million homes across the United States. To view the interview segment, investors can use the following link: https://youtu.be/Bb2fPCtVGcE

Vicinity Motor Corp. (TSX-V:VMC, FRA:6LG) has announced that it will release financial results for the second quarter ended June 30, 2021, after the market close on Wednesday, August 11, 2021. Management will host an investor conference call at 4.30pm Eastern time on August 11, 2021, to discuss the financial results, provide a corporate update, and conclude with Q&A from telephone participants. Dial-in detail: US/Canada 1-877-300-8521; International 1-412-317-6026; Conference ID 10159285; Webcast link: http://public.viavid.com/index.php?id=146136. A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally and use the replay pin number 10159285. A webcast will also be available via the following link: https://viavid.webcasts.com/starthere.jsp?ei=1485601&tp_key=7cd7e05e66

Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc .has announced that its CEO Robert Kaul will be presenting "Raising the Bar in Remote Medical Care" at VirtualInvestorConferences.com, a conference coordinated through OTC Markets Inc. on August 5, 202, at 3.30pm EST. This will be an interactive event where investors are invited to ask the company questions, however, Kaul's session will be pre-recorded and management will follow up with any questions post-conference. If attendees are not able to join the event live on the day of the conference, an archived webcast will be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and to receive event updates. Investors can register for the event via the following link: https://www.virtualinvestorconferences.com/. Cloud DX (TSX-V:CDX, OTCQB:CDXFF) also pointed out that registration for its investor update and earnings call on August 17, 2021, at 1.30pm EST is also now open at: https://zoom.us/webinar/register/WN_aoM3X1mORRmEUTNpQ32RHQ.

GlobeX Data (CSE:SWIS, OTCQB:SWISF) Ltd’s CEO Alain Ghiai will talk to New To The Street TV on Bloomberg TV July 31 at 6 pm ET about its business and future plans. He’ll provide in-depth discussions of the company’s successful secure and encrypted software solutions, SekurSafe and Sekur. Ghiai will provide a number of reasons and examples why the current and the most widely used internet apps and platforms are not safe. And, he will further talk about keeping business communications and data safe while utilizing Swiss Privacy Laws.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that 1st Capital Bancorp, a community bank headquartered in Monterey County in California, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Graduating to the OTCQX Market marks an important milestone for community banks in the US public markets. 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. "We are pleased to be joining the OTCQX Market and look forward to the benefits this transition provides. The change from Pink market will provide our shareholders with increased visibility, transparency, and liquidity, and is consistent with our principal focus of creating long-term value for our shareholders," commented 1st Capital Bancorp CEO Sam Jimenez.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Proactive Presents a Livestream Event with Nextech AR Solutions

Proactive's Steve Darling presents a Livestream Chat with NextTech AR Solutions Joining the chat Evan Gappelberg - CEO and Founder Paul Duffy - President and Chairman of the Board Mirjana Prpa - AR Product Manager and Head of AI Division Baran Korkmaz - Founder of ARway

2 hours, 2 minutes ago

16 min read