[ad_1]
Playgon Games Inc has announced that it has signed a software license and distribution agreement with leading iGaming supplier Markor Technology that will allow the company to deliver its mobile live dealer technology to more clients. Under the agreement, the company said Markor Technology will add and market Playgon’s proprietary mobile-first live dealer and E-table offerings under the Vegas Lounge brand to its content library for availability and distribution to Markor Technology’s global client base. The three-year agreement has license fees based on commercial revenue sharing rates.
Tribe Property Technologies Inc has reported it intends to make a normal course issuer bid (NCIB) with the TSX venture exchange, which will allow it to purchase outstanding company shares, as it believes that, from time to time, the market price of its shares may not fully reflect the underlying value of the business and future prospects. Under the NCIB, Tribe may acquire up to a total of 907,337 shares over the 12 month-period beginning on June 13, 2022 and ending on June 12, 2023, representing around 10% of the “public float”. Additionally, under the NCIB, it may not acquire more than 2% of the issued and outstanding shares in any 30-day period. All shares purchased by the company under the NCIB will be returned to treasury and cancelled. The actual number of shares which may be purchased and the timing will be determined by management and the board of directors. Tribe said that to its knowledge, none of the officers, or other insiders of the he company, or any associate of such person, or any associate of affiliate of the company, has any present intention to sell any shares to the company pursuant to the NCIB. The company has not previously purchased for cancellation any of its outstanding shares.
Falcon Gold Corp that it has completed the option and work requirements, including all its cash share and exploration expenditures, to earn its 100% interest in the Central Canada project in Ontario. The mineral exploration company also said it has the right to purchase half of the 2% net smelter royalty (NSR) for C$1 million, leaving the vendors with 1%. As well, Falcon noted that the start date of its previously-announced planning and expansion of Phase 3 drilling, which was expected to begin in early March, will be pushed back due to drill crew delay and availability as well as rising water levels that have blocked access to the project.
Paltalk Inc announced that it has acquired the core assets of ManyCam from Visicom Media Inc for $2.7 million in cash, plus a potential earn-out payment of up to $600,000. The earn-out payment is conditional upon the achievement of certain performance thresholds related to gross sales of ManyCam software over the six-month period following the closing of the acquisition. The communications software innovator said ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on any streaming platform, video conferencing app or distance learning tool.
Major Precious Metals Corp revealed the final batch of drill results from its 2021 diamond drilling program at the Skaergaard project in Greenland that confirmed grades and widths of gold and palladium mineralization. Assay results from 32 holes drilled last year supported grades and mineralized lengths for palladium (Pd), platinum (Pt) and gold (Au) in the four main mineralised horizons, the company said in a statement. The 2021 program was designed to upgrade and expand a May 2021 mineral resource estimate, which outlined indicated resources of 5.5 million palladium equivalent ounces (PdEq) and a further 14.4 million PdEq ounces in the inferred category.
Fidelity Minerals Corp says it has secured access to underground workings at the Socavones zone on its Las Huaquillas project in Peru. Surface lands access agreements allow the company to clear access roads and access the three main adits, which provide access to the approximately 1,200 meters of underground development on three levels in the Los Socavones Zone. These surface adits provide ready access to the mineralized zone with an average true thickness of approximately 19 metres (m), which Fidelity says offers the potential for low-cost underground mining.
Globex Mining Enterprises Inc said Excellon Resources Inc has announced the extension to September 30, 2025, of the 164 square kilometre (km2) Bräunsdorf exploration license, composing part of the 340 km2 Silver City project in Germany. Globex noted that it is impressed and pleased with the exploration efforts of Excellon on the Bräunsdorf License and looks forward to its continued exploration efforts. “The Bräunsdorf License optioned from Globex was the first piece of Excellon’s Silver City Project and has been the primary focus of our exploration efforts since we arrived in Saxony in Q3 2019,” Excellon Resources CEO Brendan Cahill said in a statement.
MGX Minerals Inc revealed that it has been in contact with major stakeholders and will initiate formal discussions in the second half of June regarding a silicon metal processing site in proximity to its Kootenay silicon properties in British Columbia. The Vancouver-based resource and technology company said it is currently seeking a site with a minimum of 12 megawatt (MW) of power, which would be sufficient to power a 15-ton-per-day silicon metal furnace. The current price of Silicon Metal Fujian (3303#) grade silicon metal is US$3,036 per ton, according to Metals.com. The Vancouver-based resource and technology company said that it has issued a request for quotation for 16,000 tons per year magnesium metal processing equipment.
Canaccord Genuity analysts repeated a ‘Speculative Buy’ rating and 105p price target on Southern Energy Corp following news the first of three wells the company has drilled on its Gwinville Field, targeting the underdeveloped Selma Chalk reservoir, has delivered very encouraging initial results. The analysts noted that well, GH 19-3 #2 is flowing at an initial 7.7 million cubic feet per day (MMcf/d), substantially ahead of expectations, and as it continues to clean up, further improvements can be expected. The #2 well is already tied into the production facilities, and so total company production has increased by 60% to around 3,200 barrels of oil equivalent per day (boe/d) – 96% gas – with negligible additional operating cost impact. In a note to clients, the Canaccord analysts said: “We think this is an excellent start, with the well still cleaning up and appearing to improve as that continues.”
Nextech AR Solutions Corp has announced the launch of a new major upgrade to its Map D platform to incorporate attendee ticket sales and registration options. The company said it is also testing a new breakthrough in scaling the creation of spatial maps for events, and especially, augmented reality (AR) wayfinding by using Map D technology for its ARitize Maps product. “Map D has been able to sell millions of dollars in exhibitor booth space and register attendees for thousands of events for many years,” said Jeremy Minnick, lead developer for Map D, in a statement. “This major platform upgrade for the first time allows us to provide a complete event management solution, including tools that event managers can use to capture every opportunity for revenue and truly manage all aspects of an event within a single platform,” he added.
Southern Energy Corp has released successful early flowback results from the first well of the three-well horizontal pad site located in the Gwinville field. The company highlighted well GH 19-3 No. 2, which is flowing at an initial level of 7.7 million cubic feet per day (MMcf/d), or 1,280 barrels of oil equivalent per day (boe/d), at a highly restricted flowing pressure, exceeding the company’s modelled type curve. Additional volumes from GH 19-3 No. 2 have increased the company’s production approximately 60% to 3,175 boe/d, materially increasing gas sales as no test volumes are flared. As the company remains largely unhedged, the gas from GH 19-3 No. 2 is being sold at current NYMEX gas prices. “This is a transformational moment for our company; not only are we adding material production, reserves and cash flow at a time when gas prices are near 14-year highs, but we are solidifying and executing our operational strategy to deliver multiyear redevelopment from our assets and highlighting the significant opportunity and optionality we have in providing equity growth for shareholders,” Southern Energy president and CEO Ian Atkinson said in a statement.
Kainantu Resources Ltd has announced encouraging results from its huge airborne geophysical survey at its KRL South and KRL North projects in Papua New Guinea (PNG), which includes the identification of two possible porphyry systems at the latter. The survey spanned three blocks over 186 square kilometres (sq km) and included all prospective areas of KRL North and key areas of interest at the Tirokave area of KRL South, including the East Avaninofi and Yaoro Ridge prospects. At KRL North, two large magnetic anomalies were identified to the southwest and southeast and have been interpreted as possible porphyries. “The KRL airborne geophysics survey and subsequent analysis has proven to be a successful venture for the company, confirming the highly prospective nature of both KRL North and KRL South; supporting ongoing work at the projects. In addition, the survey has also identified other targets and prospects in the region,” said Matthew Salthouse, the CEO of the company in a statement.
TraceSafe Inc has said its gross profit in the first quarter of the year came in at $0.9 million, a 481% increase from the year-ago period, thanks to growth in its higher revenue margin stream. The company also said it recognized $1.3 million in revenue for 1Q, 2022. “The results are in line with the revenue expectations from last year and the seasonality of the business. We have a strong business development pipeline across APAC and North America, and we are also strengthening our presence in regions like the Middle East and Europe,” said Wayne Lloyd, TraceSafe CEO in a statement.
Regency Silver Corp said it has entered into an option agreement with AsiaBaseMetals Inc to sell a 70% interest in its wholly-owned Paisano Gold Project in north-central Peru. The company noted that the project covers approximately 2,700 hectares in the prolific La Libertad Mining District, a district hosting several multi-million ounce precious metals deposits. The project sits alongside various operating mines within a 5 kilometre (km) radius, including former Barrick Gold mine Lagunas Norte and La Arena, a mine owned by Pan American Silver Corp. Other mines within a 30 km radius of the property include Pan American Silver’s Shahuindo open pit mine. “We are pleased to enter into this option with AsiaBaseMetals Inc, which will allow us to jointly unlock the potential of the Paisano Project,” executive chairman Bruce Bragagnolo said in a statement.
Planet 13 Holdings Inc has announced the third location of its planned Florida dispensary network based in the city of Ocala. “We are thoughtfully and deliberately executing our Florida roadmap to bring the famous Planet 13 brand to Florida,” Planet 13 co-CEO Bob Groesbeck said in a statement. “This is the third dispensary location of our initial six neighborhood dispensaries targeted towards major Florida population centers with underserved local residents,” he added.
Scottie Resources Corp has announced plans for a 15,000-metre (m) drill program on its flagship asset, the Scottie Gold Mine project in British Columbia’s Golden Triangle. The company said the drill program is planned to commence in late June 2022 and continue into the fall using three diamond drill rigs. Approximately 12,000m will test the Blueberry Contact zone, with the remaining metres allocated to the Scottie Gold Mine as well as ancillary early-stage targets. The Blueberry Contact zone is located 2 kilometres (km) north-northeast of the 100% owned past-producing high-grade Scottie Gold Mine, and 35 km north of the town of Stewart, along the Granduc Road.
Renforth Resources Inc has updated the visual results of its recently concluded Spring 2022 prospecting campaign on its wholly-owned, 330 square-kilometre Surimeau District Property. Renforth’s field crew prospected across the entire property, with several targets, and samples were taken and submitted to the assay laboratory. Results are expected in several months. “Our first round of prospecting our district scale Surimeau property this year went very well. Our EM survey is proving to be an excellent road map to mineralization,” Nicole Brewster, president and CEO of Renforth said in a statement.
SoLVBL Solutions Inc told investors it has bolstered its growing intellectual property (IP) portfolio with the award of a new patent protecting its flagship cybersecurity product Q by SoLVBL. The US patent and trademark office (USPTO) has granted US Patent No. 11,334,879 for its “Method and System for Digital Payment Instrument Deployment of Authentication Seal.” It will allow the firm to “aggressively market its solutions to the distributed financial (DeFi) and centralized financial (CeFi) sectors”, the tech group said.
FPX Nickel Corp said it has completed a series of engineering trade-off studies (TOS) that have de-risked and improved the value of its Baptiste Nickel Project. For example, a comminution circuit utilizing semi-autogenous grinding (SAG) tangibly improves project value and provides an improved execution basis compared to the previously considered high-pressure grinding rolls (HPGR) approach, the company found. FPX added that the typical capital cost savings of 20%-30% associated with SAG-based circuits versus HPGR are amplified due to Baptiste’s site conditions, topography, and mineralization characteristics; while the operation costs advantages of HPGR-based circuits are muted due to the low-cost of low-carbon power in British Columbia and the Baptiste deposit’s low abrasiveness.
Bridgeline Digital Inc, a provider of cloud-based marketing technology software, announced that a leading publisher has selected the company’s AI search platform Hawksearch to support its website search experience. After successfully using Bridgeline’s Unbound to drive revenue for more than five years, the publisher’s new three-year contract worth $35,000 per year includes the addition of Hawksearch. Bridgeline CEO Ari Kahn said the company was excited to see how the customer uses both Unbound and Hawksearch to strengthen its revenue strategy.
Ximen Mining Corp has said drilling is planned to start this month at its Amelia gold property near Greenwood in southern British Columbia. The Amelia drill permit is for a total of 38 drill sites, with 19 sites approved for the first year. Multiple holes can be drilled from each of the sites, so the permit allows for approximately 11,400 meters to be drilled this year. Drill holes are planned initially to test at depth below the mine, followed by testing for an extension of the veins to the east, the company said. Assays up to 103 grams per tonne gold were obtained by Ximen for grab samples of mineralized vein material from the historic mine area.
Adcore Inc has debuted a new digital marketing-focused blog on its website, which it believes will better serve its customer base and provide valuable industry insights. The blog aims to help marketing professionals such as chief marketing officers and marketing managers better understand and harness the power of digital marketing technology to grow their businesses. In terms of content, Adcore said that the new blog will feature a wide variety of popular categories in digital marketing, including PPC, e-commerce, advertising channels, technology and more.
Vox Royalty Corp has seen a number of its gold and base metal royalty partners make strong progress over the past month, its chief investment officer Spencer Cole said. In a development and exploration update from its royalty operating partners, Cole highlighted a 33% ore tonnage upgrade at the company’s Binduli North gold project in Western Australia, which is covered by the Janet Ivy royalty where Vox holds a A$0.50/tonne production royalty. “Demonstrating the depth of Vox’s royalty portfolio, a number of exploration-stage royalties are being actively progressed towards development ahead of Vox management expectations, such as the Merlin/Electric Dingo gold deposits near the Paulsens mill and the Kenbridge nickel-copper project commencing construction on an all-season access road,” Cole said.
Wellbeing Digital Sciences Inc said its KGK Science Inc subsidiary applauds the efforts of the US Food and Drug Administration (FDA) to release the recent New Dietary Ingredient (NDI) enforcement draft guidance, which is part one of a multipart series of NDI guidance documents the FDA announced during a round table discussion at the International Probiotics Association (IPA) World Congress + Probiota Americas. The mental healthcare company noted that according to the FDA, the recent enforcement discretion guidance on late submissions of NDI notifications, released on May 19, 2022, was in response to its commitment in the fall of 2021 to update guidelines in 2022. It added that instead of releasing a single guidance document containing all issues for stakeholder notice and comment for a third time, the FDA plans to release separate and smaller draft guidance with FDA’s thinking on each group of NDI topics.
Japan Gold Corp said the Japanese Ministry of Economy, Trade and Industry has accepted 13 new prospecting rights applications covering 3,972 hectares between its Barrick Alliance Aibetsu and Tenryu projects, in north Hokkaido. The acceptance by the Ministry gives the Barrick Alliance priority to advance the expanded Aibetsu district, the site of numerous prospective gold anomalies. At Aibetsu, stream-sediment samples analysed for gold and pathfinder elements were systematically collected over the last two years as part of the larger regional screening program conducted across the Barrick Alliance projects, the company said in a statement.
ARMM Inc, a firearms lifestyle platform focused on self-reliance, revealed that it has added the American Tactical Defense (ATD) Active Shooter School Training, sponsored by MAGLITE, to its ARMM Academy. Dallas, Texas-based ARMM noted that recent events in Buffalo, New York, followed by the tragic shooting in Uvalde, Texas, and Tulsa, Oklahoma have cast the national spotlight back on firearms. The shooting at an elementary school in Uvalde, Texas that killed 19 children and two adults marks the 27th school shooting in the US this year. ARMM said its leadership strongly believes in “empowering citizens with education, confidence and real-world solutions” to defend themselves and others in the event of an active shooter scenario. The company is partnering with American Tactical Defense LLC, the most advanced active shooter training currently provided to schools.
Numinus Wellness Inc announced that shareholders have approved the company’s resolution to issue common shares in the company in connection with the proposed acquisition of Novamind Inc. Novamind shareholders have also voted to approve the acquisition of Novamind by Numinus, under a plan of arrangement, at a separate meeting of Novamind shareholders held on Wednesday, June 8, 2022. “We are pleased with the overwhelming support of both Numinus and Novamind shareholders for this significant and transformational transaction. This acquisition will position our business as one of the leading integrated mental wellness companies in North America offering Ketamine- and psychedelic-assisted therapies, with 13 wellness clinics, four clinical research sites and a dedicated psychedelics research laboratory,” said Payton Nyquvest, founder & CEO of Numinus in a statement.
FansUnite Entertainment Inc has announced that it intends to initiate a normal course issuer bid (NCIB) with respect to its common shares through the facilities of the Canadian Securities Exchange (CSE). The sports and entertainment company said it believes that “the market price of the shares may not, from time to time, fully reflect their value” and accordingly, the purchase of the shares would be “in the best interest of the company and an attractive and appropriate use of available funds”. The repurchase of shares could also “enhance value and liquidity for its shareholders”, it said in a statement.
Tiziana Life Sciences Ltd, a biotechnology company enabling breakthrough immunotherapies via novel routes of drug delivery, said it has been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, the company’s executive chairman, has a beneficial interest, purchased 18,000 common shares at $0.80 per share. The acquisition takes Cerrone’s interests from 37.58% to 37.60%.
Whitehorse Gold Corp has said that all resolutions were overwhelmingly approved at the company’s annual general meeting of shareholders held on June 8, 2022, with total percentage of issued and outstanding common shares voted at the meeting totalling 39.78%. Whitehorse Gold has also announced the appointment of Flora Lo as corporate secretary of the company. Lo is a seasoned corporate associate experienced in regulatory compliance and legal affairs management for various Toronto Stock Exchange-, TSX Venture Exchange- and New York Stock Exchange-listed mining companies. She graduated from the University of London with a master of laws in commercial and corporate law, and has a has a bachelor of arts in geography and economics. Before moving to Canada, Lo worked as a government counsel for the Department of Justice, and as a legal counsel in Hong Kong for many years.
Evergen Infrastructure Corp said the TSX Venture Exchange (TSX-V) has approved the company’s normal course issuer bid (NCIB), which will allow it to purchase issued and outstanding common shares of the company through the facilities of the TSX-V during a 12-month period, commencing on June 8, 2022, and ending on June 7, 2023, or on such earlier date as Evergen may complete its purchases pursuant to the NCIB or as it may otherwise determine. The company has implemented the NCIB because it believes that, from time to time, the market price of the common shares may not fully reflect the underlying value of the company’s business and its future prospects. Accordingly, the company believes that having the ability to purchase the common shares using cash flow will be in the interest of the company and represents an opportunity to enhance shareholder value. No previous purchases of common shares by Evergen under an NCIB have been completed. Under the NCIB, Evergen may acquire up to an aggregate of 668,370 common shares over the 12-month period, representing approximately 5% of the 13,367,392 issued and outstanding common shares as of May 15, 2022. Additionally, under the NCIB, Evergen may not acquire more than 2% of the issued and outstanding common shares in any 30-day period. Purchases subject to this NCIB will be carried out pursuant to open market transactions through the facilities of the TSX-V by Clarus Securities Inc on behalf of Evergen at the prevailing market price of the common shares at the time of purchase. All common shares purchased by Evergen under the NCIB will be returned to treasury and cancelled.
Aurion Resources Ltd said the TSX Venture Exchange has accepted for filing a sale and purchase agreement dated May 16, 2022, between the company and S2 Resources Ltd. (Mark Bennett, Jeff Downing, Anna Neuling, Matthew Keane, John Bartlett and Andy Thompson), whereby the company has acquired a 100% recorded and beneficial interest in and to an exploration permit known as the Keulakkopaa property, situated in the Central Lapland greenstone belt, Finland. Consideration will be 200,000 common shares, to be held under an escrow agreement until such time as the Finnish Safety and Chemicals Agency has transferred the property to the company or to a wholly-owned subsidiary of the company and has extended the term of the tenure of the property.
Oragin Foods Inc said that, in accordance with the terms and conditions of the convertible debenture issued on October 25, 2019, it has agreed subject to the approval of the TSX Venture Exchange (TSXV), to issue 365,386 common shares as settlement of payments of interest equal to $71,250.00 accrued between February 1 and April 30, 2022. The shares will be issued at $0.195 per share and will be subject to a statutory four-month hold period beginning as of the date of issuance of the Shares. The transaction is subject to the approval of the TSXV.
Sanatana Resources Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on April 22, 2022, which will see the issue of 13,766,667 shares (first tranche); 2.07 million shares (second tranche) both at purchase prices of 15 cents per share, together with 6,883,333 warrants (first tranche); 1,035,000 warrants (second tranche) both with exercise prices of 20 cents for a two-year period, with 30 placees.
Fireweed Zinc Ltd said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on March 17, 2022, and April 4, 2022, which will see the issue of 7.3 million Flow-through (FT) at a purchase price of 99 cents per FT share and 8,472,159 Non-flow-through (NFT) shares at a purchase price of 70 cents per share with 21 placees.
Altaley Mining Corp said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on March 17, 2022, which will see the issue of 14,285,714 shares at a purchase price of 35 cents per share, together with 7,142,857 share purchase warrants with an exercise price: of 55 cents for a two-year period subject to an accelerated exercise provision in the event the common shares trade at 75 cents or greater for 15 consecutive trading days, with 56 placees.
Altaley Mining has also invited investors to visit them at Booth #2231 at The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Monday, June 13 to Wednesday, June 15, 2022.
Co-Diagnostics Inc has said it will be hosting a booth at the 22nd MEDEXPO Africa 2022, held June 9-11, 2022, in Nairobi, Kenya. The largest international medical trade exhibition in the country features exhibitors from over 30 countries, all profiling innovative solutions from leaders in the medical technology industry, and targeted toward buyers from across the continent seeking new products, equipment, machinery, services and solutions. The conference represents the company’s first trade show in Africa, and is expected to build on an initiative that began nearly a year ago to introduce Co-Dx products across the continent, including its suite of tests for COVID-19 and other infectious diseases. The company recently announced that it had completed the principal design work of a PCR test for the monkeypox virus currently exhibiting a multi-country outbreak. Attendees interested in learning more about the company and its products are invited to visit Booth #124 at the Sarit Expo Centre.
Vicinity Motor Corp said it has extended the maturity date of its 8% unsecured debenture in the principal amount of C$10,300,000 by one year to a new maturity date of October 4, 2023. In consideration of extending the maturity date under the debentures with all other terms of the debt otherwise remaining the same, Vicinity has agreed, subject to receipt of TSX Venture Exchange approval, to issue to the Lender, an aggregate of 1,000,000 share purchase warrants exercisable until October 4, 2023, at an exercise price of $2.25 per common share. The new warrants will bear a four-month and one-day restricted period from the date of issuance. The warrant certificate for 412,000 warrants dated October 4, 2021, will be cancelled upon issuance of the new warrants. “We are pleased to have extended the maturity date on our 8% unsecured debentures, providing us with additional capital structure optionality as we execute upon our significant order backlog, which currently stands at over $90 million,” said William Trainer, founder and CEO of Vicinity Motor.
Recruiter.com Group Inc has announced an upcoming webinar with its partner, Deel, a market-leading international payroll system. Recruiter.com’s vice president of Enterprise Sales, Jennifer Goodfriend, and Deel’s Head of People, Casey Bailey, will come together to discuss new hiring trends brought about as a result of a predominantly remote working environment. “Over the past year, we have watched the hiring process adapt as work from anywhere turned into hire from anywhere. The team behind Recruiter.com and Deel are both proud to play major roles in global employment, helping compliantly hire and pay international employees,” said Goodfriend. The webinar ‘Hire from anywhere: How to Effectively Find and Retain Talent in Today’s Changing Job Market’ will be held on June 9, 2022, at 1.00pm EST and interested parties can register via the following link: https://recruiter.zoom.us/webinar/register/WN_b0q4_280S-mLsvb_-lGe9A
[ad_2]
Source link