NA Proactive news snapshot: Gevo, Aequus Pharmaceuticals, Bragg Gaming Group, Golden Arrow Resources Corporation ...

Gevo Inc (NASDAQ:GEVO), the “low-carbon” fuel company, said Friday its intellectual property is worth $412 million. The company said that Peak Value IP LLC completed an investment valuation of its IP, including trade secrets, know-how, patents and patent applications across the world that can be licensed and monetized by Gevo. Gevo said that Peak Value used an “Income Approach” to estimate the value, focusing on discounted projected cash flows from direct Gevo-sponsored projects and potential out-licensing within a renewable biofuel production market. “I’m pleased to see our IP valuation increasing,” said CEO Patrick Gruber in a statement. “Our products work, our technology works, our patents cover our proprietary technology. I’m looking forward to completing the project financing of our large scale production facilities and getting large plants built.” Aequus Pharmaceuticals Inc (CVE:AQS) (OTCQB:AQSZF) delivered its second-highest quarterly revenue ahead of its planned launch of the Evolve dry eye product line. The Vancouver-based firm posted C$543,000 in revenue in its second quarter ended June 30, 2020, compared to C$397,000 it generated during the same period a year earlier. In a statement, the company chalked up its total year-to-date revenue of just over C$1.1 million to increased market share of its promoted ophthalmic and transplant products. Bragg Gaming Group Inc (CVE:BRAG) (OTC:BRGGF), an online gaming solutions provider, swung to a profit and saw its revenue double in the second quarter thanks to a growing base of customers, according to financial results released after the bell Thursday. The company posted revenue of C$18.9 million in the three months ended June 30, more than double the C$9.2 million it made in the same period of 2019. Its adjusted EBITDA swung to a C$2.8 million gain from a loss of C$500,000 in the second quarter last year. “We’re extremely pleased with the substantial progress we’ve achieved so far in 2020,” Chairman Paul Pathak said in a statement. “We’ve delivered strong revenue and EBITDA growth and have made great strides in diversifying our revenues and reaching new audiences.” Golden Arrow Resources Corporation (CVE:GRG) (OTCQB:GARWF) has kicked off diamond drilling at its Tierra Dorada gold project in Paraguay in a 500 metre (m) program, which is expected to last around one month. Local company MasterGold SA is carrying out the work at the Alvaro target sinking holes up to 20m depth to test near-surface prospects and delineate targets for deep drilling, the firm said in a statement on Friday. Sampling at Alvaro has already thrown up high grade gold, with results including 89.5 grams per ton (g/t) of the yellow metal and 61 g/t silver over a length of 0.93 metres. Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF) (FWB:1WZ1), the renamed Mota Ventures, said it has launched Ecommerce Tech LLC, a subsidiary that will serve as a comprehensive operational engine for all of its e-Commerce ventures. The firm, which researches, develops, markets, and distributes natural health products through various brands in North America and Europe, said on August 21, Ecommerce Tech acquired the rights to a bespoke software platform which in turn has facilitated more than C$350 million in consumer transactions and paved the way for Thoughtful Brands to “capture previously unrealized value from the products it launches in the online natural health market”. The subsidiary is already providing immediate value to the company's Nature’s Exclusive and Sativida CBD products.  GoviEx Uranium Inc (OTCMKTS:GVXXF) (CVE:GXU) said that under its share purchase option plan and following the completion of its annual general and special meeting of shareholders, it has granted incentive stock options to certain directors, officers, employees and a consultant to buy up to a total of 8.1 million Class A shares in GoviEx capital. The stock options are exercisable at a price of C$0.14 per share and will vest 25% on the date of grant and thereafter, 25% on each anniversary of the date of grant until fully vested. The options expire on August 27, 2025. American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) updated Friday on progress on the proposed spin-out of some of its mining assets in British Columbia, as reported in July this year. It has now hired geoscientist Ron Parent to complete an NI43-101 report on its Rocher DeBoule property, which contains a past-producing high grade copper and gold mine. Work to be performed at the asset will include geological modelling, mapping, and mineral resource evaluation. The 2,421 acre target lies 10 kilometers (km) from Hazelton, BC and contains several occurrences over a 12km east/west direction, the firm has said previously. AMY also said Friday it was preparing to seek an interim court order to hold a special general meeting of shareholders, to approve a proposed plan of arrangement. Mawson Gold Ltd (TSE:MAW) (OTCPINK:MWSNF) said it was making use of the temporary relief provided by the British Columbia Securities Commission due to the coronavirus pandemic to postpone filing its financial results for the year to end-May until September this year. The resource firm said in a brief statement it was "working diligently and expeditiously to make the 2020 annual documents available at its earliest opportunity, which is expected to occur on or about September 30, 2020". Mawson also confirmed that there have been "no material business developments" since the filing of its February 29, 2020 interim financial statements, that have not been disclosed by the company through news releases filed under its profile on SEDAR. Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) has upsized its previously announced private placing to C$15.6 million from C$12.5 million. In a brief statement, the junior explorer said it would now issue 24 million shares, up from 19.25 million, still at the same price of C$0.65 each. Well known Canadian investor Eric Sprott is taking part in the financing and will increase his investment to hold around 19.9% of Aftermath's shares after the closing of the placement, the firm said. True Leaf Brands Inc (CSE:MJ) (OTCQX:TRLFF) provided Friday updates on the status of the filing of its operating and financial results for the fiscal year ended March 31, accompanying management's discussion and analysis, and related CEO and CFO certifications. At the same time, the company also is providing an update on the status of the filing of its operating and financial results for the first quarter ended June 30, accompanying management's discussion and analysis, and related CEO and CFO certifications. In a statement, True Leaf said it will continue to rely on BC Instrument 51-517 issued by the British Columbia Securities Commission (BCSC), which provides up to a 45-day extension for certain periodic filings normally required to be made by reporting issuers during the period from June 2 to August 31. The company estimates that it will file the annual filings on or before September 12 and the interim filings on or before October 13. Alchemist Mining Inc (CSE:AMS) announced Friday that it has changed its auditor from Smythe LLP to Charlton & Company Chartered Professional Accountants. The former auditor resigned on August 24. In addition, in part due to circumstances related to the COVID-19 pandemic, the company said it will not be able to file its audited financial statements and other required annual filings by the deadline of August 31 and will be relying on the exemption provided in British Columbia Instrument 51-517 during the period from June 2 to August 31, which provides a temporary extension for completion of such filings for up to 45 days. PowerOre Inc (CVE:PORE) said that the TSX Venture Exchange has accepted for filing documentation linked to its non-brokered private placement announced on August 25, 2020. The company has closed a placement with 6,912,134 non flow-through units at a price of $0.075 per unit for gross proceeds of $518,410, where each hard dollar unit consists of one common share and one half of one common share purchase warrant. The company said each whole warrant will entitle the holder to purchase one additional common share at a price of $0.14 for a period of 24 months from the date of issuance.