NA Proactive news snapshot: WeedMD, Vox Royalty, Klondike Gold, TRACON Pharmaceuticals, Gevo, Bragg Gaming UPDATE

NA Proactive news snapshot: WeedMD, Vox Royalty, Klondike Gold, TRACON Pharmaceuticals, Gevo, Bragg Gaming UPDATE

Proactive Investors

Published

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) announced Thursday that its Color Cannabis cultivar, Pedro’s Sweet Sativa, has been awarded Top Sativa Flower in Canada. Chosen by over 150 retail budtenders from across the country, the awards were organized by KIND Magazine, Canada’s pre-eminent premium cannabis lifestyle magazine, WeedMD said. The list of winners is available in the publication’s December 2020 issue, with an estimated circulation of 1.2 million readers. Budtenders from licensed cannabis retail stores throughout Canada were invited to nominate and vote for their favorite cannabis products and brands across 22 separate categories in the largest consumer-facing cannabis awards in Canadian history.  Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) updated Thursday on activity by its royalty operating partners, including the strong potential for the start of mining at the Bulong open pit gold mine in Western Australia by the Black Cat Syndicate Ltd (ASX:BC8) next year. At Bulong, Vox holds a 1% net smelter royalty (NSR) royalty. In November this year, Black Cat released a study, summarizing its aim to construct a 500,000 tonnes per annum (tpa) processing facility, targeting the start of Stage 1 open pit mining at the Myhree deposit (royalty-linked) in the December 2021 quarter and full production in the March 2022 quarter. Klondike Gold Corp.(CVE:KG) (OTCMKTS:KDKGF) reported that it has completed its Phase 4 drill program targeting the Lone Star Zone, which is part of the company’s wholly-owned 586 square kilometer Klondike District Property in Canada’s Yukon Territory. The company said the objective of the drill program was to test for mineralization that would aid in its efforts to establish a maiden mineral resource. TRACON Pharmaceuticals Inc (NASDAQ:TCON), which develops a clinical-stage pipeline of cancer therapies, announced Thursday the dosing of the first patient in the ENVASARC registration trial to treat soft-tissue sarcoma cancer. The pivotal study, which will involve 25 top cancer centers in the US, will assess the potential of envafolimab as a single agent and in combination with monoclonal antibody Yervoy (ipilimumab), which is used to treat late-stage, metastatic melanoma. “We are pleased to initiate dosing in the ENVASARC registration trial of envafolimab in sarcoma,” said Dr Sant Chawla, director of the Sarcoma Oncology Center in Santa Monica.  Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) announced Thursday it has supplied its sustainable aviation fuel (SAF) to the aviation industry in the Pacific Northwest, by way of its customer and global fuel supplier, Avfuel Corporation. Avfuel delivered SAF to Leading Edge Jet Center, a fixed base operator (FBO) and provider of business aviation services throughout the region, at its Seattle facility. The delivery marks the first load of sustainable aviation fuel to an FBO at the King County International Airport - Boeing Field in Seattle for resale to its customers, as well as Avfuel’s entry to SAF deliveries in Washington state. Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) said it intends to raise up to C$3 million in a private placement offered exclusively to its board members and employees. Bragg Gaming noted that Chairman Richard Carter and other members of the company’s executive team will purchase up to $2 million of the proposed private placement, with certain other senior officers and directors expected to buy the remaining $1 million. QC Copper and Gold Inc (CVE:QCCU) announced that it has successfully received permits from the government of Quebec for its 20,000-metre drill program at its Opemiska project. The program is in the works for the area between two past-producing mines, Springer and Perry, with the aim to delineate a new near-surface resource. Toronto-based QC Copper and Gold is anticipating drilling around 75 holes on the 12,782-hectare property. Permex Petroleum Corporation (CSE:OIL) (OTCMKTS:OILCF) announced a strategic move to divest its Central Basin property for around US$1.31 million in cash, prior to customary closing adjustments. The junior oiler has struck a deal with an arm's-length Texas-based, private oil and gas firm over the sale, which has an effective date of October 1 this year and is expected to close on December 18. Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) updated Thursday on the progress of its alliance with Barrick Gold Corp (NYSE:GOLD), which has seen significant work done and is expected to lead to the identification of new prospective gold areas in the Asian country. The alliance was formed to jointly explore, develop, and mine certain gold projects and properties and covers 30 out of the company's 32 projects in Japan. Lexaria Bioscience Corp (CSE:LXX) (OTCMKST:LXRP) announced Thursday that it has closed the sale of its non-pharmaceutical THC-related assets. The biotechnology company has agreed last month to sell the assets owned by its subsidiary Lexaria Canpharm ULC for C$3.85 million to Hill Street Beverage Company Inc (CVE:BEER), in which Lexaria owns a large position. Lexaria said the asset sale was one of the larger objectives needed as the company seeks to list its securities on a national US securities exchange.  Killi Ltd (CVE:MYID) (OTCQB:MYIDF), a startup company paying users for their data, was featured in Business Insider last month. CEO Neil Sweeney discussed what the company is calling the Killi Paycheck, a recurring way users can earn money passively every month. Killi pays users to share location, shopping, browsing and spending data. It sells that data, and splits the profits with users 50/50. ImagineAR Inc (CSE:IP) (OTCQB:IPNFF), which creates augmented reality (AR) technology, revealed on Thursday that it has struck a partnership agreement with Indian superstar singer Ananya Birla to spearhead ImagineAR’s consumer launch in India. With over 350 million streams of her songs on streaming platforms, 26-year-old Birla is a household name in India. She is the first homegrown artist to go Platinum with an English language track in India and achieving this multiple times. The singer-songwriter shuttles between Mumbai and Los Angeles, where she is signed to Maverick Management. Vancouver-based ImagineAR Offers augmented reality-as-a service platform that enables sports teams, entertainers, brands and businesses to instantly create their own global mobile phone AR campaigns. Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) said it was now preparing for scout drilling at the Tsenken N1 target at its Lost Cities - Cutucu project in Ecuador, which it believes is part of a second iron oxide copper-gold (IOCG) system. "While we are completing the scout drilling of the Tsenken N2 and N3 targets, we are setting up for drilling the next target on the list - Tsenken N1. Scout drilling at Tsenken N2 and N3 identified an IOCG system, the first recognized in Ecuador," said Dr Keith Barron, the CEO of Aurania. "We are applying this concept to our drilling of Tsenken N1, which we believe is part of a second IOCG system in this area. Thereafter, the plan is to drill a portion of the 15-kilometre-long silver-rich system at Tiria-Shimpia." Versus Systems Inc (CSE:VS) (OTCQB:VRSSF) (FRA:BMVA) revealed it was consolidating its shares to aid a potential listing on NASDAQ.  In a statement on Thursday, the tech group, which has developed a proprietary in-game prizing and promotions engine, said its board had approved a 1:16 reverse stock split, which will take effect on the close of trade on December 14. It means every current 16 company shares will be converted into one share, reducing the firm's issued and outstanding shares to around 10.3 million from around 166 million today. Media Central Corporation Inc (CSE:FLYY) (FRA:3AT) said it has entered into a letter of intent (LOI) to acquire media and marketing services company Lazarus Bleau Incorporated, which is expected to boost Media Central’s audience to more than 7.2 million readers monthly. The company also reported that it has appointed Lazarus Bleau executive Larry Bleau as its new CEO and has promoted Kirk MacDonald to the role of President.   Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) revealed that leading alternative energy group CH Four Biogas has begun deploying the company's M400 Smart Glasses to allow field operators to carry out remote site inspections, thereby reducing the green-focused group's carbon footprint. Using the technology allows operators to use the "see-what-I-see" feature to allow an inspector hundreds of miles away to perform the inspection of a plant.  New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUPMF) (FRA:3N7) announced that Dr Rui Feng, founder, director and former CEO of the company, has donated 80,000 shares to St. Paul’s Foundation of Vancouver and 35,000 shares to the Viola Desmond Chair in Social Justice at Cape Breton University in Nova Scotia. The company noted that teams at St. Paul's Hospital are undertaking high-impact COVID-19 research to understand the unprecedented variety of complications; and severe and lasting consequences for a patient’s lungs, heart, kidneys, brain, nervous system, and psychiatric health. As for the Viola Desmond Chair in Social Justice, New Pacific said the organization's remarkable stand against racial segregation in 1946 is a story which has become an inspiration to all Canadians. In November 2018, Desmond made history by becoming the first Canadian female to appear on the Canadian $10 bill, cementing herself as a symbol of courage to Canadians everywhere Hill Street Beverage Company Inc (CVE:BEER) said the TSX Venture Exchange has accepted for filing documentation an asset purchase agreement dated November. 18, 2020, between Lexaria Canpharm ULC and the company, under which the company will purchase substantially all of the assets of the vendor. Among the different assets purchased in connection with this transaction, the company will acquire a portfolio of patents, technology and intellectual property that will allow the company to manufacture certain cannabis-infused products. As total consideration, the company will provide the vendor a total of $3.85 million. Eric Sprott announces that today, he donated 11,033,000 common shares of Klondike Gold Corp. (CVE:KG) held by 2176423 Ontario Ltd., a corporation he beneficially owns) to The Sprott Foundation (which he controls). Prior to the donation of these shares, Sprott beneficially owned and controlled 11,033,000 shares representing approximately 8.3% of the outstanding shares on a non-diluted basis; he still controls  these 11,033,000 shares. As a result of the previous share issuances by Klondike Gold, Sprott's beneficial ownership and control of shares decreased to below 10% of the outstanding shares. Sprott has a long-term view of the investment and may acquire additional securities of Klondike Gold including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Full Article