Southern Silver Exploration Corp has reported additional drill results from its Cerro Las Minitas project, Durango, Mexico that it says extends silver-polymetallic mineralization laterally to the east and west. To that point, new drilling now confirms the continuity of mineralization with previously modelled mineral resources in the Mina La Bocona and the Skarn Front deposits, continues to identify gold enrichment in several hanging wall intercepts outboard of the main skarn target at the North Felsite zone and has identified high-grade copper mineralization in the North Skarn target area.
Revive Therapeutics Ltd has provided investors with an update on its US Food and Drug Administration (FDA) Phase 3 clinical trial evaluating the safety and efficacy of bucillamine, an oral drug with anti-inflammatory and antiviral properties, in patients with mild to moderate COVID-19. The company said it has unblinded the pre-dose selection data to potentially support an amended study protocol with new primary efficacy endpoints. The proposed new primary efficacy endpoints may include the rate of sustained clinical resolution of symptoms of COVID-19, which the company said addresses the shift in COVID-19 clinical outcomes observed over the course of the pandemic to have more meaningful study endpoints for the FDA to consider the product for potential Emergency Use Authorization.
Chesapeake Financial Shares Inc said that at their July 15, 2022 meeting, its board of directors approved a dividend of $0.150 per share to shareholders of record as of September 1, 2022, payable on or before September 15, 2022.
X1 Esports and Entertainment Ltd said it has entered into an asset purchase agreement to acquire ShiftRLE, an online news outlet focused on the popular video game, Rocket League. Mark Elfenbein, CEO of X1 hailed the addition: “This will not only help us to deliver on our core strategic priorities of building a diverse video game ecosystem and providing global brands access to a GenZ audience, but will strengthen X1’s position in video games media,” he said in a statement. Rocket League, one of the world’s leading Esports games, with over 80 million players per month
ImagineAR Inc has announced the signing of a two-year revenue-sharing agreement with the NFL Baltimore Ravens to provide its augmented reality mobile platform for fan activation and engagement. Baltimore Ravens is the first NFL team to integrate the ImagineAR SDK mobile app to provide metaverse immersive experiences for fans, the Vancouver-based company said. “ImagineAR is truly honored to sign our first NFL team and the Ravens have always been a visionary in delivering advanced fan engagement,” ImagineAR CEO Alen Paul Silverrstieen said in a statement.
Gevo Inc has announced the closing on its purchase of approximately 245 acres of land near Lake Preston, South Dakota for the company’s first commercial-scale sustainable aviation fuel (SAF) facility, Net-Zero 1. “After just over eighteen months of due diligence at the site, we are excited to commit and move forward. The potential of what we are creating here is, I think, immense,” Gevo CEO Dr Patrick Gruber said in a statement. “We are working to bring sustainable agriculture into the solution to capture carbon and catalyze the build-out of wind, renewable hydrogen, and biogas, combined with new paradigms for managing energy. I expect that Lake Preston and South Dakota will showcase what works well when all the parts unite. I want to get on with it and show people what is possible.”
Predictmedix Inc has announced its accuracy rates for identifying respiration rate, heart rate, and core body temperature as part of its Fit for Work screening solutions for industries across the globe, which it says validated its technology on 270 participants including two clinical sites. The artificial intelligence company said the “exceptional” results of the accuracy rates were as follows: identification of respiration rate was 98.38%; identification of core body temperature was 98.37%; and identification of heart rate was 85%.
Jushi Holdings Inc has said it is opening a new medical cannabis dispensary in Alexandria, Virginia, its third in the state and its 34th retail location nationwide. The Beyond Hello Alexandria store will begin serving medical cannabis patients and registered agents on Wednesday, July 27, 2022, the vertically integrated, multi-state cannabis operator said. “We’re thrilled to open up our new dispensary in Alexandria – a town famous for its nationally recognized landmarks, rich history, vibrant arts, pristine waterfront and charming restaurants and boutiques,” said Jim Cacioppo, CEO, chairman and founder of Jushi Holdings in a statement. “Beyond Hello Alexandria captures the best of our thinking and combines our digital and physical retail experiences with the flexibility and convenience of our express checkout services,” he added.
Nextleaf Solutions Ltd told investors that its technology, which allows the production of THC-free CBD from industrial hemp feedstock, has been validated and that it is eyeing the launch soon of its first THC-free CBD product. Nextleaf said it has validated its hemp extraction and manufacturing process via third-party analytical testing and expects to announce more details in coming weeks on the launch of its first THC-Free CBD product along with the sale of bulk cannabinoids to B2B customers. Under current legislation, a pure CBD product is defined as one containing less than 0.3% Tetrahydrocannabinol (THC).
Nickel North Exploration Corp has provided additional information on the debt settlements that shareholders are due to consider at its upcoming annual general meeting on July 29, 2022. Among the settlements to be considered are the shares-for-debt settlements with Yingting Guo, Andrew Lee Smith and SinoTech (Hong Kong) Corporation Ltd, and the settlement of an aggregate amount of $1,654,995 in loans from SinoTech (Hong Kong) through the issuance of a convertible debenture. The company said the settlements are “related party transactions” under Multilateral Instrument 61-101–Protection of Minority Security Holders in Special Transactions (MI 61-101) exempting them from formal valuation and minority approval requirements as the settlements form less than 25% of the company’s market capitalization.
Majuba Hill Copper Corp said it has closed a non-brokered private placement financing for total gross proceeds of $2.1 million. The company said it will use the proceeds from the placement towards exploration on its Majuba Hill Property and general working capital. It has allotted and issued 10,500,000 units at a price of $0.20 per unit. Each unit is comprised of one common share and one transferable warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 12 months at a price of $0.25 per share, subject to accelerated expiry.
Empower Clinics Inc has announced the resignation of its chief financial officer Jennifer Archibald effective immediately due to personal reasons. Empower said its chairman and CEO Steven McAuley will serve as interim CFO effective immediately. A search for Archibald’s successor will be launched. Invictus Accounting Group LLP will continue to assist in audit support and financial operations until a replacement is found. In order to ensure an orderly transition, Archibald is available to provide consulting services to support the company. Empower thanked Archibald for her service and wished her all the best in her future endeavors.
Mobilum Technologies Inc has announced that audit work on its financial statements for the year-ended February 28, 2022 has now been completed, and the statements, along with the accompanying managements’ discussion and analysis and officer certifications have been filed. Readers are encouraged to review these materials under the profile for the company on the SEDAR website (www.sedar.com). As a result of the delay in completing audit work and availability of accounting staff, the Company does now anticipate that it will be delayed in the filing of its interim financial statements for the three-month period ended May 31, 2022, and the accompanying managements’ discussion and analysis which are required to be filed on or before August 2, 2022. The company said it anticipates that the required filings will be completed and filed on or before August 12, 2022. As a result of the expected delay, the company intends to apply to the British Columbia Securities Commission for a further management cease trade order (MCTO). If granted, while the MCTO is in place, it will restrict all trading by the company’s CEO and CFO in securities of the company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the company to trade the company’s securities. The MCTO would remain in effect until the required filings are completed or until the order is revoked or varied.
Reunion Gold Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement announced on June 14, 2022, which will see the issue of 141,648,349 shares at a purchase price of 26 cents per share together with 70,824,174 share purchase warrants with an exercise price of 39 cents for a two-year period, subject to an acceleration clause with 146 placees.
Lucky Minerals Inc said that further to its news release dated May 27, 2022, the company has now received conditional approval from the TSX Venture Exchange to the services agreement with Franklin Vinicio Viera Ramos. The company will issue 115,867 common shares of the company for the services provided pursuant to the agreement, and are issued in partial consideration for technical and other consulting services provided to the company by Viera Ramos during the period May 1, 2022, through June 30, 2022. The common shares are issued at a deemed price per share of 7.7 cents. Any common shares issued to Ramos are subject to a hold period expiring Nov. 23, 2022, in accordance with Canadian securities laws. Ramos is a well-known geologist in Ecuador and has been involved in many significant projects including the discovery of Quimsacocha, which is now called the Loma Larga project.
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