NA Proactive news snapshot: Phunware, HighGold Mining, Lucky Minerals, CytoDyn, Tocvan Ventures, The Valens Compay - UPDATE...

NA Proactive news snapshot: Phunware, HighGold Mining, Lucky Minerals, CytoDyn, Tocvan Ventures, The Valens Compay - UPDATE...

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Phunware, Inc. (NASDAQ:PHUN) has announced a new release of its mobile application software, Healthy Spaces, on Google Play for Android so individuals and businesses can easily schedule gatherings and enable contactless check-in to screen attendees before or upon arrival at venues and facilities. The company, a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, noted that Healthy Spaces allows users to build and maintain health profiles to include tracking, recording and evaluating key medical activities, habits and symptoms. HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) has unveiled encouraging first drill assays from this year's Fall drill program at the Munro-Croesus project in the Timmins camp, Ontario. The firm said 31 holes were sunk for 2,645 metres (m) to assess targets immediately near the historic Croesus gold mine, as well as new ones identified in recent trench sample results elsewhere. Results from nine holes have been returned. Drill highlights included 190.5 grams per ton (g/t) gold over 0.5 metres (m) at the Croesus Mine target in one hole, including 311.0 g/t of the yellow metal over 0.3 meters. Also reported in another hole was 11.01 g/t gold over 1.1 meters at No. 4 Shaft target within a broad alteration and vein zone grading 3.16 g/t gold over 4.2 meters. Binovi Technologies Corp. (CVE:VISN) (OTCMKTS:BNVIF) has announced the appointment of Dr Michael Gallaway to the company's Scientific Advisory Board, which is in directing the company’s advancements. The group noted that Dr Gallaway is board certified in vision therapy as a Fellow in the College of Optometrists in Vision Development (COVD), and is a Fellow in the American Academy of Optometry (AAO). “We are very pleased to welcome Dr Gallaway to the Scientific Advisory Board. His extensive experience working with children will help tremendously as we push Binovi into the education sector, with our focus on K-12 — and particularly K-3— students,” said Adam Cegielski, Binovi CEO in a statement. Lucky Minerals Inc (CVE:LKY) (OTCPINK:LKMNF) said Tuesday that the Supreme Court of Montana has issued a ruling vacating the firm’s exploration licence for the Emigrant project in the state after an appeal by the Department of Environmental Quality, pending review. "The cancelling of our exploration license after the initial application and work since 2015 is putting the viability of our efforts in Montana into question,” CEO François Perron said in a brief statement. “We will be reviewing and re-evaluating our future plans in Montana, as our exploration focus and priorities have shifted to our Fortuna project located in Ecuador." Lithoquest Resources Inc (CVE:LDI), formerly Lithoquest Diamonds, said it had acquired, via staking, the under-explored Attwood project in Ontario, which is prospective for gold and base metals. The project sits in the Fort Hope greenstone belt and encompasses 1,151 claims covering 23,262 hectares (Ha). It lies around 320km north of Thunder Bay and within five km of an all-weather forestry road and is accessible by float plane from the community of Armstrong. Co-Diagnostics Inc (NASDAQ:CODX) announced Tuesday that it has completed the principal design work for a PCR test that would allow researchers to identify certain mutations in a newly detected variant of the SARS-CoV-2 virus. The new coronavirus strain comprises several mutations and may be more contagious than its predecessors. The genetic mutations in the new variant are not expected to interfere with the performance of the company’s existing line of coronavirus diagnostics, the company said. Mountain Valley MD Holdings Inc (CSE:MVMD) (OTCMKTS:MVMDF) announced that it has closed an oversubscribed non-brokered private placement that raised gross proceeds of over $4.3 million. The Vancouver, British Columbia-based company said the funds will be used for the advancement of “formulation research and development, pre-clinical trials, patent management and general working capital purposes.” The company said the private placement raised gross proceeds of $4,323,199.74 by issuing 19,650,908 units. CEO Dennis Hancock said that while making presentations over the past few weeks the firm identified strategic biotech and pharma investors and brought some "significant partners into the fold." Vuzix Corporation (NASDAQ:VUZI) announced Tuesday that it signed a supply agreement with a Fortune 100 retailer and received an initial order for its M400 Smart Glasses. The order has already shipped and will generate revenue in the low six figures during the current quarter, the company said. The client plans to use the smart glasses to perform remote fulfillment center training for its employees. CytoDyn Inc (OTCQB:CYDY) revealed on Tuesday that a treating physician has received authorization from the US Food and Drug Administration (FDA) to administer Vyrologix (leronlimab) for a coronavirus (COVID-19) patient under the FDA’s emergency Investigational New Drug (eIND) program.  In a statement, CytoDyn CEO Nader Pourhassan said: “We are very thankful the FDA is allowing severe-to-critical COVID-19 patients access to Vyrologix (leronlimab) again under eIND while we await the unblinding of data from our recently completed Phase 3 registrational trial. We are receiving daily requests from families seeking our drug for a loved one with COVID-19. In recent months, leronlimab received more than 60 eIND authorizations from the FDA, and during the pendency of our COVID-19 trials, we deferred seeking authorizations for eINDs in order to accelerate the pace of enrollment.” Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) said it is planning a second phase drill program early in 2021 as the company announced it has completed the maiden program at its Pilar gold-silver project in Sonora, Mexico. The first phase saw 1,505 metres (m) of reverse circulation (RC) drilling undertaken in nine holes, with results expected early in the new year. The second phase of work will aim to test deeper targets and continue the expansion of the known mineralized trends. "The ability to efficiently execute our first drill program at Pilar is an important milestone for Tocvan," said the company's chief executive Derek Wood in a statement. The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) said Tuesday that its Australian subsidiary has received its licences to import and export cannabis-derived products in Australia. The licences, for Schedule 4 and Schedule 8 products, gives the Canadian company the opportunity to do business with neighbouring countries in the Asia Pacific region. Valens plans to bring its patented emulsion technology, SōRSE by Valens, to Australia in 2021, as well as a selection of products designed and manufactured at its Canadian facilities, including tinctures, topicals and water-soluble drops for the medicinal market. The company signed a five-year deal to become a preferred supplier to Australian firm Cannvalate Pty Ltd in May 2020.  Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R), as operator, has completed its first phase exploration program at the Virginia silver project in Santa Cruz province, Argentina and is expecting results to be released early next year. Mirasol has an option to a purchase deal with Silver Sands Resources (CSE:SAND) (OTCQB:SSRSF) on the project, which fully funded the program. Lexaria Bioscience Corp (OTCQX:LXRP) (CSE:LXX) announced Tuesday that following promising antiviral study results earlier this month, the company has initiated the next phase of research on its DehydraTECH drug delivery platform. The previous study demonstrated that DehydraTECH significantly improved drug delivery in animals of two classes of antiviral therapies, a protease inhibitor and a reverse transcriptase inhibitor, both of which are under investigation for the treatment of the coronavirus.  BioLargo Inc (OTCQB:BLGO), a developer of sustainable technologies and a full-service environmental engineering company, said Tuesday that it is supporting an innovative and timely virtual theatrical event inspired by the life and legacy of Florence Nightingale, titled “What Would Flo Do?” The Westminster, California-based company said the play is being produced by the Nightingale 2030 Resilience Fund, a non-profit organization that supports nurses and midwives around the world. On the 200th anniversary of Florence Nightingale’s birth – and as health workers across the globe continue to battle against the coronavirus pandemic – the legacy of the trailblazing nurse has never been so pertinent. Bragg Gaming Group Inc (CVE:BRAG) (OTCBRGGF) (FRA:SL4A) subsidiary ORYX Gaming has signed a distribution deal with Mozzart Bet, a gambling and sports betting operator in southeast Europe. The partnership will give Mozzart access to premium content from partners on ORYX’s remote gaming server (RGS), including GAMOMAT, Kalamba Games, Givme Games, Golden Hero, CandleBets, Peter & Sons and Arcadem. The firm will also have access to third-party content through the ORYX Hub, a platform featuring more than 10,000 games from over 100 suppliers, as well as player engagement tools and data services. The tools include free rounds, tournaments and leaderboards that have been shown to significantly boost session times, bet sizes and overall retention indicators. CleanSpark, Inc. (NASDAQ:CLSK) announced that it has secured an additional 1,000 ASICs (Application-specific integrated circuit) Bitcoin miners, slated for delivery and commissioning in the coming month. The company, an advanced software and controls technology solutions company, focused on solving modern energy challenges, said this order, when paired with the 500 ASICs announced last week and installation of the new S19s, is expected to increase the company's mining capacity by more than 100 PH/s to approximately 300 PH/s. Zachary Bradford, CleanSpark's president and chief executive officer said in a statement: "We are excited about demonstrating the efficiency of microgrid solutions on high-density energy operations. Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) (FRA:LO51) said a second hole at its Adumbi deposit at its Imbo project in the Democratic Republic of the Congo (DRC) has hit "significant' gold intersections.  Assays included 33.30 metres (m) at a grade of 3.25 grams per tonne (g/t) gold, which included an intercept of 5.70m at 7 g/t of the yellow metal and 9.07m grading 5.11 g/t of the precious metal. It comes after the company reported at the end of November that the first hole had hit "multiple gold sections", including 20.33m grading 2.47 g/t gold and 4.8m grading 5.40 g/t gold.  TRACON Pharmaceuticals Inc. (NASDAQ:TCON) has said it is looking to raise aggregate gross proceeds of $8.8 million from a registered direct share offering. The company said it intends to use the net proceeds from the offering to fund the ENVASARC pivotal study of envafolimab in sarcoma, further business development efforts, and for working capital and general corporate purposes. The securities purchase agreement with new and existing investors is to sell an aggregate of 1.1 million shares of common stock via the registered direct offering at a price of $8.06 per share, Hannan Metals Limited (CVE:HAN) (OTCPINK:HANNF) (FRA:C8MQ) has increased its already large landholding at the San Martin district of northern Peru to 937 square kilometers (sq km) from 660 sq km previously, via staking.  The new 278 sq km will be explored alongside the 660 sq km that Hannan, as reported last month, has optioned and joint ventured to Japan Oil, Gas and Metals National Corporation (JOGMEC) in a milestone deal. JOGMEC is able to earn up to a 75% stake in the asset by spending up to US$35 million to deliver a feasibility study to the joint venture. PyroGenesis Canada Inc. (TSX:PYR) (OTCQB:PYRNF) (FRA:8PY) announced that it has submitted a formal application to list its common shares on the NASDAQ Stock Exchange, the second-largest exchange by market capitalization worldwide and home to many of the world’s best technology companies. The company, which designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, said that, as previously disclosed, there will not be a concurrent financing associated with this listing nor will there be a reverse stock split. PyroGenesis added that it will continue to maintain the listing of its shares on the Toronto Stock Exchange, and will trade on both exchanges under the ticker symbol “PYR.” Progressive Planet Solutions Inc. (CVE:PLAN), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, has announced two financings for aggregate gross proceeds of up to $550,000. The first financing consists of a non-brokered private placement of up to 3,000,000 units at $0.10 per unit, for gross proceeds of up to $300,000. Each such unit will consist of one share and one warrant exercisable at $0.15 per share for a period of 24 months from issuance, with the proceeds to be for general working capital.The second financing consists of a non-brokered "flow-through" (FT) private placement of up to 2,500,000 units at $0.10 per FT unit, for gross proceeds of up to $250,000. Each FT unit will consist of one FT common share and one-half of a warrant, each whole warrant exercisable at $0.15 per share for a period of twelve months. Gatling Exploration Inc (CVE:GTR) said it has issued incentive stock options, authorizing the purchase of 650,000 common shares to officers, directors and consultants of the company. The options are exercisable at 45 cents per share for a period of three years from the date of grant. The options have been granted under, and are governed by the terms of, the company's incentive stock option plan and are subject to TSX Venture Exchange acceptance. Medexus Pharmaceuticals Inc. (CVE:MDP) (OTCQX:MEDXF) (FRA:P731) said its board of directors has formally granted (the “Annual Grants”) restricted share units (RSUs) and stock options to the company’s non-executive directors under a previously-approved annual director compensation framework. An aggregate of 25,200 RSUs and 50,400 Options were granted to the company’s five non-executive directors with an effective date of December 19, 2020, and 100% of the RSUs and Options will vest on the date of the company’s next annual general meeting of shareholders, which is expected to be held in September 2021. Each vested RSU entitles the applicable holder to receive one common share of the company at a price of $0.01 per common share. The options were issued with an exercise price of $6.60, being the closing price of the company’s common shares on the TSX Venture Exchange on December 18, 2020, and have a term of ten years. Nabis Holdings Inc. (CSE:NAB) (OTCMKTS:NABIF) (FRA:A2PL) said that on December 21, 2020, the Ontario Superior Court of Justice (Commercial List) granted an order approving the company’s previously announced proposal under the Bankruptcy and Insolvency Act (Canada). Under the proposal, the company will implement a recapitalization of its outstanding C$35 million principal amount of 8.0% unsecured convertible debentures and all other debts of the company. In accordance with the proposal and approval order, upon implementation, the company’s current board of directors shall be deemed to have resigned and Bruce Langstaff, Jennifer Law, Scott Kelly and Jared Carroll shall be deemed to have been appointed as new board members. Assuming satisfaction or waiver of the conditions contemplated by the proposal within the expected timeframes, Nabis anticipates implementing the proposal on or prior to December 31, 2020. Megumagold Corp (CVE:NSAU) said it has changed the time for its annual general and special meeting of shareholders, scheduled for 10.00am Pacific Time on January 4, 2021, at Suite 810, 789 West Pender St., Vancouver, B.C, which will now be held at 11.30am Pacific Time. QC Copper and Gold Inc. (CVE:QCCU) (OTCQB:QCCUF) announced that it has qualified for trading on the OTCQB Venture Market under the symbol "QCCUF." The company's common shares will continue to trade on the TSX Venture Exchange (TSX-V )under the symbol "QCCU". QC Copper and Gold said its listing on the TSX-V and the trading of its shares on the OTCQB contribute to a larger North American presence and affords investors preeminent access to trading. OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Destination XL Group, Inc. (OTCQX:DXLG), a retailer of men's clothing in sizes XL and up, has qualified to trade on the OTCQX Best Market and has voluntarily delisted from NASDAQ. Trading on the OTCQX Market offers companies efficient, cost-effective access to the US capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Destination XL Group has operations throughout the United States as well as in Toronto, Canada. In addition to DXL Big + Tall retail and outlet stores, subsidiaries of Destination XL Group, Inc. also operate Casual Male XL retail and outlet stores, and e-commerce sites, including DXL.com. DXL.com offers a multi-channel solution similar to the DXL store experience with the most extensive selection of online products available anywhere for Big + Tall men. The company is headquartered in Canton, Massachusetts.

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