NA Proactive news snapshot: Guardforce AI, Fobi AI, Wellbeing Digital Sciences, Melkior Resources, Versus Systems, Prospector Metals ... - Proactive Investors Canada

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17:00 Thu 21 Apr 2022
A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
CO2 GRO Inc told investors that it will be exhibiting CO2 Delivery Solutions technology at the GreenTech Americas Conference hosted in Queretaro Centro de Congresos QRO, Mexico from April 27-29, 2022, along with its Mexico marketing and sales partner, Rancho Nexo. The company said this is the second edition of the GreenTech Americas Conference designed for all professionals involved in horticultural technology in Mexico and the Latin America region. The exhibition focuses on the front-end of the horticultural production chain. “The first Mexico ag tech conferences we participated in were very successful in facilitating introductions with several protected ag Mexican growers,” said Aaron Archibald, vice president for sales and strategic alliances. “At 6 billion square feet, Mexico is the second largest protected ag market globally and as such represents an enormous opportunity for CO2 GRO and Rancho Nexo.” CO2 GRO said those interested in the conference should visit:
Klondike Gold Corp told investors that fieldwork at its Klondike District gold project in Yukon is expected to begin in late April, with drilling anticipated to begin in mid-May. In an update on its planned 2022 exploration activities, the company said it plans to complete approximately 8,000 metres of drilling using up to two drill rigs. “The company plans to deliver an initial inferred mineral resource in 2022, prospectively the first in-situ bedrock gold resource ever identified in the 125-year history of gold exploration in the Klondike Goldfields, finally confirming local sources of gold to begin accounting for the over 20 million gold ounces extracted from placer mining in the creeks and gulches since 1896,” CEO Peter Tallman said in a statement. Upon release of the mineral resource, Klondike Gold said it also expects to commission a preliminary economic assessment (PEA) for completion in 2023. In preparation for the PEA, it said its 2022 fieldwork includes metallurgical testing and additional permitting, as well as environmental and heritage resource studies.
Kenorland Minerals Ltd provided an update on exploration activities at the South Uchi gold project, in the Red Lake district of Ontario, which it holds under an earn-in agreement with a wholly-owned subsidiary of Barrick Gold Corporation. The Vancouver-based mineral exploration company said that during September and October of 2021, a property-wide glacial till geochemical survey was completed. The exploration team collected 1,874 samples on a 1000 meter (m) by 200m spaced grid covering the entire 76,511-hectare property. Within the regional As-Sb anomaly, multiple discrete gold anomalies were also identified and have been prioritized for follow-up exploration in 2022, according to the update. For 2022, Kenorland said Barrick has “approved a C$1.8 million budget to complete infill glacial till geochemical sampling,” within a regional As-Sb+/-Au anomaly, on a 350m by 150m spaced grid.
Universal Ibogaine Inc announced that Marilyn Loewen Mauritz has resigned as a member of the company’s board of directors to pursue other opportunities. Universal Ibogaine said it would like to thank Loewen Mauritz for her significant contribution to the company during her tenure as a director and wish her well in her future endeavours.
Murchison Minerals Ltd reported impressive results from the exploration program that was completed in the fourth quarter of 2021 on its 576 square kilometer (km2) Haut-Plateau de la Manicouagan (HPM) nickel-copper-cobalt project, in Quebec. The Burlington, Ontario-based exploration company’s assay results from the remaining six holes in the PYC target confirmed the presence of broad zones of near surface low-grade nickel (Ni), copper (Cu), cobalt mineralization across the drilled portion of the target. Murchison said the mineralization at the PYC target when paired with high-grade Ni-Cu-Co results from the adjacent Barre de Fer (BDF) Zone and numerous prospective electromagnetic (EM) targets across the property, demonstrates the potential camp-scale of the HPM project.
Playgon Games Inc issued an announcement advising the investment community and its shareholders that it is not aware of any material events that has resulted in the recent change in volume or price of its shares. “Playgon continues to execute on its engagement through gaming aggregators and online operators with its proprietary mobile first live dealer and E-table game offerings,” the company said in a statement. “To date the company has announced 35 operators that are using its technology and commitments continue to formalize through direct and indirect sales channels. The company continues to advance its projects in accordance with its disclosed growth strategy.”
Gevo Inc announced today that it will host a conference call on Monday, May 09, 2022, at 4:30 p.m. ET (to report its financial results for the first quarter ended March 31, 2022 and provide an update on recent corporate highlights. To participate in the conference call, please dial 1 (833) 729-4776 (inside the U.S.) or 1 (830) 213-7701 (outside the U.S.) and reference the access code 2251249# or through the event weblink: A replay of the call and webcast will be available two hours after the conference call ends on May 09, 2022. To access the replay, please dial 1 (855) 859-2056 (inside the U.S.) or 1 (404) 537-3406 (outside the U.S.) and reference the access code 2251249#. The archived webcast will be available in the Investor Relations section of Gevo’s website at
AIM ImmunoTech Inc has provided a summary of positive clinical data supporting the synergistic potential of its flagship drug Ampligen (rintatolimod) with checkpoint blockade therapies. In a statement, AIM ImmunoTech CEO Thomas Equels said: “We have amassed a growing body of encouraging Ampligen data to date through close collaborations with leading KOLs at preeminent institutions.” He added: “These data have not only affirmed but significantly evolved our belief that Ampligen as a single agent therapy, as well as in combination with the latest powerful cancer therapies, has the potential to become a breakthrough therapy for some of the most difficult to treat and deadly cancers.”
Doré Copper Mining Corp has announced results from two drill holes, totaling 819 metres (m), completed in late 2021 on the western part of the Gwillim property in Québec, which included 3.3 grams per tonne (g/t) gold over 13.3 meters (m) starting at a vertical depth of about 25m. The resource project developer said the Gwillim property is under a 50/50 joint venture (JV) with Argonaut Gold Inc. “Today’s results on the Gwillim’s KOD zone demonstrate good continuity of the mineralization and have extended its depth to 400 meters vertical,” Doré Copper Mining CEO Ernest Mast said in a statement.
Hillcrest Energy Technologies Ltd has published its first technical white paper discussing its silicon carbide inverter technology. In the paper, Hillcrest said that it has confirmed inverter efficiency of over 99% and significantly improved drivetrain system efficiency at switching frequencies up to 60 kHz. Hillcrest said its inverter technology was evaluated through a proof-of-concept setup. Testing was conducted to validate the hypothesis that Hillcrest’s traction inverter would materially eliminate inverter switching losses and improve motor efficiency in an electric vehicle powertrain, which would enable a reduced motor size and cooling requirements and increased power density.
World Copper Ltd announced that its wholly-owned Chilean subsidiary has signed a non-binding letter of intent with Desaladora Rosario SpA (DESALA) to construct a pipeline that will provide a desalinated seawater supply alternative for its flagship Escalones project in Central Chile. The company said the partnership with DESALA is intended to contribute to reducing the negative effects of climate change that affect many communities in Chile, as well as to secure a climate-conscious, sustainable water supply for future development of the Escalones project. It noted that DESALA develops water desalination projects using reverse osmosis technologies that allow for the production of high-quality freshwater, free of boron and other chemicals, suitable for human consumption, irrigation and mining operations. Apart from supporting Escalones’ future operations, World Copper said it will allow for the possibility of sharing water capacity with nearby communities.
Wellteq Digital Health Inc has announced that one of Australia’s largest health insurers, nib holdings limited, will now offer the company’s digital health solution to all Australians, a population of over 25 million people via its GreenPass membership scheme. nib Group (nib) is a trusted international health partner with over one million members across Australia. The launch of nib’s GreenPass membership provides Australians with access to a range of exclusive health and wellness benefits without the need to take out a traditional health insurance product. The subscription-based service aims to empower more people to put their health and wellbeing first. In a statement, wellteq chief operating officer, Jeames Gillett said: “wellteq has been working closely with nib for several years to evolve our shared ambition of providing personalised health and wellbeing at scale. We’re incredibly excited to support nib in the launch of GreenPass as it extends access beyond private health insurance members to the wider Australian population. At a time when our health and wellbeing has been tested, access to GreenPass will provide individuals with an opportunity to have personalised support on their journey to better health.”
Sonoro Gold Corp has announced assay results from an additional 15 drill holes completed as part of a drilling campaign currently underway at its Cerro Caliche gold project in Mexico, which included 10.7 metres (m) averaging 9.0 grams per tonne (g/t) gold. The resource exploration and development company said the objective of the program is to increase the estimated size and grade of the project’s oxide gold mineralization as well as to potentially extend the estimated life of the proposed heap leach mining operation, as outlined in the Preliminary Economic Assessment (PEA) filed in October 2021.“We continue to be very pleased with the results from our Phase IV drilling program which is expected to be completed by early May with the remaining results expected at the end of May,” Sonoro Gold CEO Kenneth MacLeod said in a statement.
ARMM Inc has announced the appointment of Karla Rivera to the company’s board of directors, effective immediately. The company noted that Rivera is the CEO and co-founder of American Tactical Defense (ATD) and works for Cisco Systems Inc, the multinational technology conglomerate corporation. Her current role at Cisco involves the development of the vision, strategy, operations, and transformation of Cisco Systems $2 Billion software, product, and services revenue in its Americas Service Provider organization. In a statement, Mark Lawson, co-founder and CEO of ARMM, said: “Given how the face of gun ownership has become increasingly diverse, we are honored to have Karla join our Board of Directors. Her expertise, passion, and perspective brings diversity, depth, and knowledge to our Board and to the Company. As we continue to expand ARMM’s platform, we are excited about creating a vibrant and inclusive community of users and stakeholders that encompasses a growing and expansive set of products and services in the consumer firearms and rugged outdoor recreational market.”
FSD Pharma Inc has announced the appointments of David Allan and John McGraw to its advisory board. Allan is principal at Cresswell Advisors Inc and has worked in several leading biotechnology companies that were acquired by names like Bristol Myers Squibb and Pfizer. He also currently serves as managing director and board member of eQcell Inc, a One Health company, the first to be cleared by Health Canada for clinical trials in equine osteoarthritis with mesenchymal stromal cells. McGraw, a PhD, has more than 20 years of executive experience commercializing health technologies including medical devices, therapeutics, and health services. He is currently president and director at Izotropic Corporation, a company developing a dedicated breast computed tomography imaging platform, and president of Spratley Advisors, an advisory company with drug development experience across many therapeutic areas.
Power Nickel CEO Terry Lynch to discuss how the province of Quebec is highly prospective and underexplored. The session will focus on the politics of the province, how it impacts mining companies, and what 2022-2024 might look like for mining companies working in the jurisdiction, alongside Vior Inc and Orford Mining. Investors can tune in to hear the live event on April 21, at 12 pm/ 9 am PT by using this link.
Guardforce AI (NASDAQ:GFAI) Co. Limited has announced the rollout of its robotics services in the United States, starting with New Jersey where the company’s US offices are based. The robots are deployed in office buildings, where they are tasked with disinfection duties on a trial basis to provide the company with feedback and intelligence on other features and applications required by customers. “We are extremely excited as we begin trials in the US, an important part of our global deployment strategy,” Guardforce AI chairman Terence Yap said in a statement.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc said it has launched the Investor Pass, a multi-faceted and data-driven communication and marketing platform leveraging the power of Fobi’s AI, Big Data and Mobile Wallet Technology. The company said Investor Pass will be a managed service and Fobi will earn revenue from initial setup fees, per pass license fees, marketing and development services, advertising & sponsorship opportunities as well as data monetization.  The platform will help public companies engage and improve their investor relations strategies and communications through the delivery of real-time, data-driven, personalized shareholder communication, it added. “I have always strived to provide as much access and transparency to our shareholders as possible and now with the official upcoming release of our Investor Experience platform it takes our investor relations strategies and approach to an entirely new level,” Fobi CEO Rob Anson said in a statement.
Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) Inc said it has signed a memorandum of understanding (MOU) allowing Pathway Health (TSX-V:PHC) Corp to acquire certain Canadian assets of the company for a yet to be determined consideration. The company said the contemplated transaction would be completed in two stages, concluding on or before June 30, 2022, with the first stage expected to be completed by April 30, 2022. “We are excited to have executed this MOU and are working hard with Pathway to crystalize it into a set of definitive agreements. The contemplated transaction would enable Wellbeing to continue on the path of evolving its competitive strategy focused on evidence-based mental healthcare through contract research and digital therapeutics,” Najla Guthrie, chief executive officer of Wellbeing, said in a statement.
Melkior Resources Inc. (TSX-V:MKR) told investors it has entered into an option agreement to acquire 100% of the Genex gold-copper project, which borders its Carscallen property near Timmins, Ontario, from International Explorers & Prospectors Inc (IEP). The company noted that the Genex project is an advanced gold-copper volcanogenic massive sulfide (VMS) exploration target with significant near-term resource potential. The zones have been historically interpreted over approximately 300 metres (m) wide with a sub-vertical dip. Historical drilling completed along strike and across inside 500m of a strongly altered volcanic sequence revealed satellite gold-copper mineralization that proves the expansion potential of the system, Melkior added.
Versus Systems Inc. (NASDAQ:VS, CSE:VS) said it has successfully deployed its XEO Interactive Services at the San Antonio Stock Show and Rodeo, marking a fourth consecutive year of the partnership. The event is one of the largest in the city of San Antonio, Texas, with approximately 1.3 million visitors. This year, the two-week festival included 20 performances, with 15,000 to 17,000 attendees each night. “We are always excited to work with the San Antonio Rodeo and are proud to be back for the fourth consecutive year, providing a fun and innovative way for Rodeo fans to engage with the festival, whether they are at home or at the fairgrounds,” Matthew Pierce, founder and CEO of Versus Systems, said in a statement.
Prospector Metals Corp. (TSX-V:PPP, OTCQX:ETHOF) has provided a glimpse into an extensive exploration program at its Schefferville gold project in Quebec, which it calls a “district scale opportunity”. The Vancouver-based company is aiming to follow up on historical gold occurrences that have graded between one gram per ton (g/t) gold up to 171.5 g/t gold. Schefferville is a 36,808-hectare property that covers wide areas of the Lilois Complex, a 2.7-billion-year-old rock unit characterized by the presence of numerous iron formations, many of which locally host gold mineralization.
Cabral Gold Inc (TSX-V:CBR) has unveiled more assay results from the MG gold deposit within the Cuiú Cuiú gold district in northern Brazil, showcasing higher-grade mineralization across the zone. Highlights from the six diamond drill holes reported include 17.5 metres (m) at 4 grams per ton (g/t) gold within the primary hard-rock MG gold deposit, including 5.5m at 10.5 g/t gold. Cabral said that particular hole also cut a significant interval in the overlying unconsolidated sediments that comprise the gold-in-oxide blanket, returning 44m at 0.5 g/t gold from surface.
The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc told investors that its wholly-owned subsidiary Green Roads Inc has entered into an agreement with Signifi Solutions, Inc. to place cloud-managed Green Roads smart kiosks in various premium mall locations around the US. Under the deal, Valens said Green Roads and Signifi have agreed to partner to initially install the smart kiosks in dozens of premium mall locations in bustling retail markets in the US, including New York, Florida, Arizona, Texas, and Colorado. “This partnership gives Green Roads access to some of the largest mall locations in the US, thereby increasing overall brand awareness and opening a new revenue opportunity given the premium mall high foot traffic,” Valens CEO Tyler Robson said in a statement. “This opportunity combines world-class wellness products produced by Green Roads with cutting-edge smart kiosk technology developed by Signifi Solutions and premium mall locations.”
District Metals Corp. (TSX-V:DMX) announced final airborne electromagnetic (EM) and magnetic data results from its polymetallic Gruvberget property in Sweden, identifying numerous conductive EM and magnetic high anomalies that are prospective for polymetallic mineralization along the 15-kilometre (km) geological trend within the property. The Vancouver-based resource project developer said the SkyTEM survey identified 13 conductive targets on the property, including a 1.2 km long trend with magnetic highs and conductive anomalies that is associated with the Gruvberget North and South zones, where significant polymetallic mineralization has been historically drilled and mined.
Naturally Splendid Enterprises Ltd. (TSX-V:NSP, OTC:NSPDF) has announced that it will be presenting at the Canadian Health Food Association (CHFA) trade show on April 23 and April 24, 2022, at the Vancouver Convention Center, promoting the Plantein line of plant-based entrees. CHFA NOW is Western Canada’s largest natural, health and organics trade event. The ‘NOW’ in CHFA NOW, stands for; Natural; Organic; Wellness. CHFA NOW is considered the number one source for new products as well as education for retailers who are doing business in Western Canada. Most every major Canadian retailer will have representation at the CHFA NOW trade show, representing thousands of locations across Canada. Naturally Splendid will be featuring the Plantein line of plant-based entrees at CHFA NOW to both retail and food service prospects. Its initial Plantein launch focuses on eight plant-based entrees including a plant-based Burger; Crunchy Burger; Crumbed Tenders; Sweet Chili Tenders; Nuggets; Schnitzel (cutlet); Garlic Kiev; and a Phishy Fillet.
Electra Battery Materials Corporation (TSX-V:ELBM, OTCQX:ELBMF) said that construction activities at its fully integrated, environmentally sustainable cobalt sulfate refinery “continues on schedule.” The Electra Battery Materials Park is being built north of Toronto and is designed to host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and the production of battery precursor materials, which will serve North American and global customers. Electra said it has commitments in place for 52% of the US$67 million capital budget, inclusive of amounts spent to date. The Canadian company expects to approach a 70% commitment level within the next month, with the overall project currently on budget.
SpotLite360 IOT Solutions (CSE:LITE) Inc announced that it has signed a contract to provide design services, equipment and technology for an indoor cannabis cultivation and environmental control operation. The logistics technologies solutions provider said the contract is valued at about US$10 million and is expected to be fully recognized within fiscal year 2022.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) said the strong upward trend in the price of zinc has significantly increased the zinc royalty payments it receives from the Middle Tennessee Mine (MTM). The company noted that the zinc royalty is held in a limited partnership (MTM LP), in which it owns a 25% economic interest with the remaining 75% interest held by Sprott Streaming and Royalties Corp. From August 11, 2021, when it acquired the royalty, until March 31, 2022, the company said the aggregate gross amount of royalty revenue accrued to MTM LP on a 100% basis is approximately US$1,158,000, with its share amounting to US$289,000. Over the same period, it said the price of zinc increased by 41% to US$4,260 from US$3,018 per ton.
SPYR (OTCQB:SPYR) Technologies Inc a technology company whose subsidiary, Applied Magix Inc, develops and resells Apple ecosystem compatible products in the growing multibillion-dollar smart home and connected car markets, has announced the development of new CarPlay Products as well as the development of upgrades and modifications to the company’s Magi,xDrive flagship product. “Following the success of our MagixDrive Wireless CarPlay adapter, we are now really excited to hint at the next evolution of it, as we’ve listened to customer feedback and are looking at adding new features to this project,” said Applied Magix CEO Dr Harald Zink. “There will also be new, different CarPlay products, as we added some new features that we’re sure many users will find practical.” Tim Matula, chief executive officer of SPYR (OTCQB:SPYR) Technologies added: “We are very pleased to announce the launch of new developments, as this project is the result of our hard work and dedication to meet customer needs. After the launch, we will be very curious to receive our customers’ comments.”
CULT Food Science Corp said Lejjy Gafour has been promoted to the role of chief executive officer effective April 20, 2022, following the transitioning of former CEO Dorian Banks from the role. “I am grateful to the Board of Directors for promoting me from president to CEO and I will work even harder to create value for shareholder and stakeholders alike,” Gafour said in a statement. “The company continues to lay an impressive cell-ag foundation and I look forward to cultivating that further.” Gafour, who was previously president of the company, joined CULT in January 2022 after accumulating 15 years of experience in executing strategy, technology and product development across mature and emerging industries. “I would like to thank Dorian for making it easy for me to join CULT as president earlier this year and for transitioning the role of CEO to me so seamlessly. I look forward to receiving his continued guidance as an independent member of the company’s Board of Directors as we work toward executing on our mission of building a complete cellular agriculture ecosystem,” he added.
BetterLife Pharma Inc has announced that an abstract from the preclinical data on anti-depressant activity of its lead compound 2-bromo-LSD (BETR-001) has been accepted for presentation at the Canadian Association for Neuroscience (CAN) Conference from May 12-15, 2022 in Toronto, Canada. The Vancouver-based company said the study, led by Dr Vern Lewis, is part of its collaboration with the laboratory of Dr Argel Aguilar-Valles at Carleton University’s Department of Neuroscience. The collaboration is also supported by the Mitacs Accelerate program. At CAN, BetterLife said Lewis will present preclinical data demonstrating the neural plasticity-promoting and anti-depressant properties of BETR-001 from both in vitro and in vivo studies.
SWMBRD Sports Inc (CSE:SWIM) has announced the appointment of Chris Kypriotis as a director and chairman of the company effective April 20, 2022. The Vancouver-based sporting goods company said Kypriotis is one of the global sports world’s most creative and effective leaders and executives.  He has formerly held positions as vice president at Nike Inc (NYSE:NKE). Global, president at Nike Inc (NYSE:NKE). Brazil, vice president at Billabong Global and president of C&C/Rusty Surfboards, one of the worlds’ iconic surfboard manufacturers and apparel companies, as well as several other well-known global apparel brands. Outside of the sports world, SWMBRD said Kypriotis has previously held senior-level positions and/or collaborated with some of the world’s most iconic apparel brands such as Mossimo Inc., Stussy Inc. and The Donna Karan Company, LLC. “His renowned skills and experience at the highest levels of major global brands will be critical in helping us navigate the waters towards full production and the implementation of our full brand vision,” SWMBRD president and CEO Justin Schroenn said in a statement.
Phunware Inc (NASDAQ:PHUN) has announced that Matt Lull, a 30-year veteran in technology and finance for Fortune 500 companies, has been hired as the company’s first-ever executive vice president and chief cryptocurrency officer, effective April 18, 2022. “We are extremely excited to continue expanding our core executive team, this time adding one of the world’s first public company Chief Cryptocurrency Officer positions in the world,” said Alan S. Knitowski, president, CEO and co-founder of Phunware in a statement. “Matt is an exceptional find for our business and has an extremely rare combination of skill sets and experience which intersect perfectly with our core strategic focus on the intersection of mobile, cloud, big data and blockchain worldwide.” Prior to joining Phunware, Lull spent 18 years at Citrix Systems (NASDAQ:CTXS), most recently serving as managing director of Technology Strategy for Cloud Innovation Partners. During his time at Citrix, he founded its cloud computing partner ecosystem and was responsible for developing and managing other ecosystems, which included all line-of-business application ISVs, as well as most of Citrix’s core desktop virtualization infrastructure partners across servers, storage, networking, monitoring and security.
Todos Medical Ltd. (OTCQB:TOMDF) said Philippe Goix has been appointed as the chief commercial officer for its wholly-owned CLIA/CAP certified lab, Provista Diagnostics. With the appointment, Todos Medical strengthens its management team as it prepares for growth and expansion beyond COVID, the company said. “We built COVID-19 testing capacity as others have downsized and returned to ordinary business. Looking at the case data it looks like the testing business is well-positioned to benefit from the next surge in cases,” Gerald Commissiong CEO of Todos Medical added in a statement.
Kodiak Copper Corp. (TSX-V:KDK) said it has appointed Carolyn Clark Loder, an award-winning professional with over 30 years of industry experience, as an advisor of the company. Kodiak said Clark Loder led Minerals Rights and Public Lands for Freeport-McMoRan, the world’s largest publicly traded copper producer and headed up Mineral Rights and Tribal Relations for LafargeHolcim, the world’s largest cement manufacturer. “We are delighted to have someone with Carolyn’s depth of experience join Kodiak’s team as an advisor. Her impressive background and long list of achievements span the fields of indigenous relations, mineral rights, land management and permitting. I am sure she will make a significant contribution to our Company and, being located in Arizona, she will be particularly well placed to take a leading role as we advance our Mohave copper porphyry project in that state,” said Claudia Tornquist, president and CEO of Kodiak, in a statement.
Altaley Mining Corporation (TSX-V:ATLY) told investors it has closed the first tranche of its non-brokered private placement financing for gross proceeds of $4,240,703 as it advances the construction of its Tahuehueto gold and base metal mine in Mexico.  Under the private placement, Altaley said it issued 12,116,296 units at $0.35 each, with each unit consisting of one share and half of one transferable share purchase warrant, with each whole warrant entitling the holder to acquire an additional share for $0.55 within two years. Apart from ramping up mining and milling operations at the Tahuehueto mine, the company said proceeds from the placement will be used for general working capital purposes.
Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) said it has closed the second and final tranche of a non-brokered private placement for gross proceeds of $271,000.26. Gross proceeds from both tranches of the financing totalled $679,100.26 and comprised 7.27 million non-flow-through (NFT) units and 2,002,356 flow-through (FT) units. Newrange Gold said the proceeds will be used for general working capital and for continued surface exploration on the Pamlico project in Nevada. The final tranche consisted of 1.44 million NFT units at a price of 7 cents per unit and 2,002,356 FT units at a price of 8.5 cents per FT unit.
Harbor Custom Development Inc. (NASDAQ:HCDI) said it has listed six Western Washington apartment projects totaling 734 units for a combined value of $278 million with Kidder Mathews, the largest independent brokerage firm on the West Coast. “Rental rates continue to escalate at unprecedented levels driving up project apartment values as demand for multi-family housing exceeds the limited supply in the Puget Sound Region of Western Washington. We are capitalizing on this market dynamic by listing for sale our current owned inventory of six apartment projects totaling 734 units in various stages of construction,” said Sterling Griffin, president and CEO of Harbor Custom Development in a statement. Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona.
In a separate statement, Harbor Custom announced that it will restate its previously issued annual financial statements for the year ended December 31, 2021, and quarterly financial statements for the fourth quarter ended December 31, 2021 and third quarter ended September 30, 2021, to reflect revised diluted earnings per share (EPS results. The company identified that the Diluted EPS for the periods referenced above were inaccurate due to an error with the weighting calculation of diluted shares outstanding. These restatements result in non-cash, non-operating financial statement corrections and have no impact on the company’s current or previously reported income, expenses, assets or liabilities, except for the aforementioned diluted weighted average shares outstanding and Diluted EPS. The company said it expects that the restatements will result in the following estimated adjustments: an increase in the previously reported Diluted EPS for the year ended December 31, 2021, from $0.24 to $0.41; an increase in the previously reported Diluted EPS for the fourth quarter ended December 31, 2021, from $0.15 to $0.16; and a decrease in the previously reported Diluted EPS for the third quarter September 30, 2021, from $0.20 to $0.17. While the third quarter 2021 restatement resulted in a decrease of $0.03 Diluted EPS and the fourth quarter 2021 restatement resulted in an increase of $0.01 Diluted EPS, the net difference in the full year 2021 restated Diluted EPS increased $0.17 because the company overestimated the weighted average shares outstanding for the full year. “In order to strengthen our internal financial controls, we have significantly enhanced our accounting team through the recent hirings of a Chief Financial Officer, Director of Accounting, Senior Manager of SEC Reporting, and Tax Manager. We are also providing additional training to our personnel, and have engaged a nationally recognized third-party accounting specialist with whom we can consult regarding the application of complex accounting transactions, including Diluted EPS,” said Sterling Griffin, Harbor Development’s chief executive officer.
ORAGIN Foods Inc. (TSX-V:OG, OTCQX:OGGFF) has announced that its wholly-owned subsidiary, Future of Cheese Inc has gone viral on the social media platform TikTok, renowned for starting many culinary trends, with its star product: Plant-Based Ripened Brie. A video showcasing the company’s Plant-Based Ripened Brie was posted by one of its retailers on TikTok and to date has received over 300,000 views, being the account’s best performing post. To view the video, investors can click here: The trending post has been directly correlated with the growing demand for the company’s products by new retailers and customers alike. “This is not the first time that our products have been trending on social media by the many influencers that love, support and share posts about them,” said Jen Wojtaszek, president of Future of Cheese. “These viral posts prove that people want to learn more about sustainable and dairy-free alternatives, and we are excited to be at the forefront of this incredible and fast-growing market.”
NEO Battery Materials Ltd. (TSX-V:NBM) has announced that Plug and Play Tech Center has exclusively invited the company to present its Electric Vehicle Silicon Anode Commercialization Plan at the 2022 Annual Japan & Korea Pitch Session.  NEO Battery Materials will be hosting an investor webinar on Tuesday, May 3, 2022, at 6 pm PT/9 pm ET (Wednesday, May 4, 2022, at 10 am KST). Webinar Registration Link: The investor webinar will discuss NEO’s current corporate developments regarding construction activities of its Silicon Anode Commercial Plant, third-party evaluations of pouch-type full cells, silicon anode validation activities, and other updates.
PyroGenesis Canada Inc. (TSX:PYR) has announced that its management will be participating in two upcoming conferences in May. The company said P. Peter Pascali, its CEO and chair will deliver a presentation and host investor 1×1 meetings during the Q2 Investor Summit being held on May 3-4, 2022 at The Westin Grand Central in New York City.  Pascali will present on Wednesday, May 4 at 11.00am ET and will be accessible via a live webcast: Interested parties may also access the link to the live audio webcast on the Investor Relations section of the company’s website. The webcast replay will be available after the conclusion of the live presentation. The company also said that Steve McCormick, its VP of Corporate Affairs will deliver a presentation and host investor 1×1 meetings during The Planet MicroCap Showcase being held from May 3-5, 2022, at the Bally’s Hotel & Casino in Las Vegas, Nevada. McCormick will present on Wednesday, May 4 at 8.30am PT/11.30am ET and will be accessible via a live webcast: Interested parties may also access the link to the live audio webcast on the Investor Relations section of the company’s website. The webcast replay will be available after the conclusion of the live presentation.
Zynerba Pharmaceuticals (NASDAQ:ZYNE) Inc has announced the presentation of a poster at the 2022 Society of Biological Psychiatry (SOBP) Annual Meeting, being held April 28-30, 2022, in New Orleans, Louisiana, and virtually. A copy of the poster, titled ‘Long-Term Safety and Sustained Efficacy of ZYN002 Cannabidiol Transdermal Gel in Children and Adolescents with Fragile X Syndrome (ZYN2-CL-017)’ will be made available on the Zynerba corporate website following the presentation at The Poster Presentation will be held on Friday, April 29, 2022, from 5.00pm-7.00pm CT at the Hilton Riverside, New Orleans.
EverGen Infrastructure Corp (TSX-V:EVGN) has announced plans to release its 2021 fourth quarter and year-end financial results on Thursday, April 21, 2022, after the market close. EverGen said it will hold a results and corporate update conference call at 10.00am Eastern Time on Friday, April 22, 2022, hosted by its chief executive officer, Chase Edgelow via the following Zoom Link:
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Klondike Gold CEO Peter Tallman joined Steve Darling from Proactive to share news the company has released their work plan for the 2022 field season at the Klondike Project in Yukon. Tallman telling Proactive the company is planning an 8000 metre drill program with two rigs. The company is…
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