A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Limited (CVE: RYR) (OTCMKTS:RRDMF) announced Friday it intends to participate in the blanket relief program announced by the Canadian Securities Administrators extending deadlines to file financial statements and management discussion and analysis (MD&A). The company said it is relying on the relief in respect to its audited annual 2019 financial statements and the MD&A as a result of interruptions in the flow of information required in the preparation of financial reporting obligations, which it expects to file by the end of May. Until the company has filed such financial statements and MD&A, insiders of the company are subject to its share trading and black-out policy.
() (OTCQB:IPATF) has been awarded a US$75,000 grant from the state of North Dakota to fund its PolyTope mAb Therapy platform, which the company is using to developing treatments for the coronavirus (COVID-19) and other pathogens. In addition, the company was approved for a US$209,000 loan under the Payroll Protection Program administered by the US Small Business Administration during the coronavirus pandemic. Lastly, ImmunoPrecise plans to complete a non-brokered private placement offering of 10% convertible debentures in the principal amount of C$2 million.
Atlas Engineered Products Ltd () (OTCPINK:APEUF) continues to see all of its Canadian locations open for business amid the coronavirus pandemic. The construction company, which has businesses in British Columbia, Manitoba and Ontario, told shareholders Friday that the geographical spread of its operations had offset any potential impacts to revenue due to the pandemic. AEP said that its first quarter 2020 revenues had surpassed that of 1Q 2019, a “tremendous feat” and a testament to the team, according to the company.
American Rebel Holdings Inc () on Friday issued revenue guidance for the fourth quarter of 2019 and the first quarter of 2020, noting strong demand for its safes. It released revenue guidance of $200,000-$225,000 for the fourth quarter of 2019, an increase of 21% from the third quarter at the low end of the range and an increase of 36% from the same quarter at the high end of the range. The company also gave revenue guidance of $340,000-$365,000 for first-quarter 2020, an increase of 106% from the third quarter of 2019 at the low end of the range and an increase of 121% from the same quarter at the high end of the range.
Great Panther Mining Ltd () (NYSEAMERICAN:GPL) has said that it will adhere to the Mexican government’s coronavirus (COVID-19) lockdown order extending the suspension of non-essential activities in the country till May 30, but added that it would also evaluate if the company qualified for any exemptions to resume work earlier. The Mexican government directive provides for a potential restart of operations after May 18, for activities located in municipalities exhibiting “low, or no, cases of COVID-19.”
Energy Fuels Inc (NYSEAMERICAN:UUUU) () has applauded the Trump administration and the US Nuclear Fuel Working Group (NFWG) for developing a strategy to restore American nuclear energy leadership. The comprehensive strategy, which was outlined in a report Thursday, seeks to revive and strengthen US nuclear fuel capabilities, starting with uranium mining which is Energy Fuels’ occupation.
Inc () (OTCMKTS:EURPF) (FSE:3CMA) has announced a C$5M all-paper deal to buy CWE European Holdings Inc, a firm which operates a seed-to-sale hemp CBD business in German-speaking countries in Europe. CWE, which would become a subsidiary of EuroLife, owns and operates HANF Hemp Stores in Germany and Luxembourg and aims to become one of the largest CBD hemp retail and online retailers in central Europe. HANF offers more than 300 products from the world of hemp.
AgraFlora Organics International Inc () (OTCPINK:AGFAF) announced Friday that it’s subsidiary Sustainable Growth Strategic Capital Corp (SGSC) has produced its first run of full-spectrum winterized CBD crude oil and distillate. SGSC, based in the Greater Toronto Area, is targeting the underserviced market for CBD oil, distillate and isolate by establishing revenue-generating partnerships. To that end, the company teamed up with Micro C45 Inc, a firm that has developed a post-harvest mechanical separation process for hemp that results in higher extraction value. The partnership has led to agreements with multiple Canadian companies to create formulations and finished products with oil, distillate and isolate.
Internet of Things Inc () (OTCMKTS:INOTF) said it has appointed entrepreneur and business start-up specialist Michael Lende as its CEO and president to steward the firm’s renewed strategic course and capitalize on its unique technology. In 2006, Lende launched the ZipCar car-share service in Canada, growing the Toronto-area membership from zero to over 42,000 and contributing to the parent company’s successful IPO in 2011.
Fura Gems Inc () (OTCMKTS:FUGMF) announced on Friday that it has received formal approval from the Ministry of Mineral Resources and Energy of Mozambique (MIREM), for the acquisition of a ruby licence in the southern African nation. The company said it has completed the previously announced acquisition of SRL Mining Limitada and will take full interests in the Mozambican mining company which boasts ruby mining concession 8955c as well as the ruby exploration license 7414L and a 20% interest in Ibra Moz SA, another mining company in Mozambique, which holds the ruby mining concession 8921C. In line with a share purchase agreement announced on February 4, Fura Gem’s wholly-owned subsidiary paid GemRock an aggregate price of US$2.1 million for the Mozambique licenses.
Meanwhile, in a separate statement, Fura said it has drawn down an additional US$3.5 million from its loan facility. A further US$4.1 million remains available for drawdown by the company at a later date, subject to the terms of the promissory note issued to the lender for a maximum principal of US$28.6 million.
Inc () announced Friday that it retained the rights to prostate cancer drug candidate TRC253 following the completion of a Phase 2 trial and plans to find a partner to commercialize it in China. The company bears sole responsibility for the development and commercialization of the drug after Janssen Pharmaceutica NV declined its option to reacquire the rights after the trial. Under the terms of the deal, TRACON is obligated to make payments to Janssen upon certain development milestones and pay a royalty on net sales.
Klondike Gold Corp () (OTCMKTS:KDKGF) said it has brought in over C$1.22 million after it closed a previously announced non-brokered private placing. The Yukon-focused explorer issued over 3.4 million flow-through units at C$0.19 each for gross proceeds of $661,500.01 and over 3.2 million non-flow-through units for C$0.175 each for gross proceeds of $560,987.53. Overall, the financing raised C$1,222,487.54.
Ltd. () said its shareholders approved the plan of arrangement with Great Bear Royalties Corp. at the special meeting of Shareholders held on Thursday. Under the Arrangement, the owners of common shares of Great Bear are entitled to receive one-fourth of a common share of Great Bear Royalties for each share held immediately prior to the closing of the arrangement, which is expected to be on or about May 5, 2020. Following the Arrangement, Great Bear Royalties will no longer be a wholly-owned subsidiary of Great Bear. The group said the arrangement was approved by 99.54% of the votes cast by shareholders at the meeting. The group said shareholders also approved the share option plan of Great Bear Royalties by 97.14% of the votes cast
(), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced that Nader Pourhassan, its president and chief executive officer, along with Drs. Bruce Patterson and Jacob Lalezari will host an investment community conference call on Monday, April 27, 2020, at 10.00am PT/1.00pm ET to provide a comprehensive update on several recent developments, which will include approximately 45 minutes to address questions from analysts and investors. The dial-In numbers for the call are – US callers: 877-407-2986; international callers: 201-378-4916. A live audio webcast may also be accessed via CytoDyn’s corporate website at www.cytodyn.com under the Investors section/IR Calendar and will be archived for 30 days. The webcast can also be accessed via this link. A replay of the conference call will be available until May 27, 2020, and can be accessed by dialling 877-660-6853 (US)/201-612-7415 (international) and entering conference identification number 13702767.
Inc () said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on April 15, 2020, which will see the issue of 10,473,000 shares at a purchase price of 20 cents each, together with 5,236,500 share purchase warrants with an exercise price of 40 cents for a two-year period, with one placee, Doyon Ltd.
mCloud Technologies Corp. () has said it is relying on an exemption adopted by the British Columbia Securities Commission (BCSC) for the purpose of extending the time required to comply with filing requirements resulting from the challenges posed by the coronavirus (COVID-19) pandemic. The company said it will, therefore, delay the filing of its annual financial statements and related management discussion and analysis for the year ended December 31, 2019, which it now expects to file by May 11, 2020. It confirmed that, beyond any announcements already previously disclosed by the company in news releases, there are no other material business developments since March 19, 2020, the date of mCloud’s restated and amended financial statements for the third quarter ended September 30, 2019.