Skye Bioscience Inc (OTCQB:SKYE) said its shareholders have voted in favor of all the proposals put forward at its special meeting held on September 30, including its proposed acquisition of Emerald Health Therapeutics Inc (CSE:EMH, OTCQX:EMHTF) (EHT). The company said it and EHT continued to work diligently toward the closing of the arrangement and planned to proceed with the closing as soon as practicable following the satisfaction of all remaining closing conditions. “We look forward to welcoming Emerald Health Therapeutics shareholders as new Skye stockholders as we continue on our path to develop our cannabinoid derivative drug candidates for important diseases with unmet needs,” commented Skye CEO Punit Dhillon after the meeting.
KULR Technology Group Inc (NYSE:KULR) is scheduled to participate at the following conferences in October 2022: UBS Future of Electric Mobility Virtual Conference on October 3; Ebike Future Conference & Expo between October 11 – 13; Gamma Technologies Technical Conference on October 11, at 9:40am ET; Battery Safety Summit, October 12, at 4:00pm ET; FAA’s Tenth Triennial International Fire and Cabin Safety Research Conference on October 19 at 11:00 a.m. ET; and Equip Expo 2022 between October 19 – 21.
Guardforce AI Co Ltd (NASDAQ:GFAI) said it has made significant progress transforming into an integrated artificial intelligence (AI) and robotics business to complement its established logistics segment during the first half of 2022. Highlights from the six months ended June 30, 2022, include a 253% growth in its robotic AI segment revenue compared to the same period in 2021, and the expansion of the company’s Robot-as-a-Service business to now operate in eight countries including China, Singapore, Malaysia, Thailand, Japan, Australia, the United Arab Emirates, and the United States. Guardforce AI CEO Olivia Wang also spotlighted the company’s development progress made on the Guardforce AI Intelligent Cloud Platform (GFAI ICP).
Cloud DX (TSX-V:CDX, OTCQB:CDXFF), a provider of virtual care and remote patient monitoring solutions, announced the company’s attendance by invitation at the Opportunity Collaborative Impact 2022 (OC Impact) in the beautiful beach town of Michès, in the Dominican Republic. The North American disruptor in virtual care based in Kitchener, Ontario with a strong presence in Brooklyn, New York, said the three-day collaborative summit supports entrepreneurs with a mission to advance social impact initiatives. Awarded a prestigious 12-month OC Fellowship, Cloud DX (TSX-V:CDX, OTCQB:CDXFF) is one of nine XPRIZE Alumni in attendance, as part of the XPRIZE mission to advance technologies to benefit humanity.
Cabral Gold Inc (TSX-V:CBR) has announced an updated mineral resource estimate for its Cuiú Cuiú project in Brazil, which showed a total Indicated resource of 21.6 million tonnes (Mt), grading 0.87 grams per tonne (g/t) gold (604,000 ounces), along with a total Inferred resource of 19.8 Mt grading 0.84 g/t gold (534,500 ounces). The junior explorer said Cuiú Cuiú’s Indicated resource increased by 433,000 ounces, or 253%, from the previous estimate. “The new resource estimate is a testament to the integrity of the Cuiú Cuiú mineralization, with more than 50% of the total gold ounces in the Indicated category,” Cabral Gold CEO Alan Carter said in a statement.
Todos Medical Ltd has welcomed news it will be granted two patents covering its total biochemical infrared analysis (TBIA) fourier transformed infrared (FTIR) pan-cancer blood diagnostics platform. The notices, from the United States patent and trademark office (USPTO), cover applications entitled, firstly: ‘Infrared (IR) Spectroscopy System’, and secondly: ‘Infrared Analysis of Benign Tumors’. Todos noted that it has already received CE marks (covering the European Union (EU) for its TBIA blood diagnostic test in breast cancer and colon cancer.
Irwin Naturals Inc said it has entered into a definitive agreement to purchase all of the issued and outstanding shares of Keta Media LLC (doing business as Ketamine Media), the nation’s leading growth platform for clinics offering ketamine-assisted therapy. Ketamine Media has established relationships with clinics in over 45 states and three countries, and connects providers and patients using a unique patient-centered approach, the company said. “While this transaction will contribute immediately to our profitability, this acquisition is driven predominantly by strategic considerations,” Irwin CEO Klee Irwin said in a statement.
Evergen Infrastructure Corp said it has partnered with Adelaide Capital, a leading investor relations and capital markets advisory firm, to provide investor relations and consulting services to the company. Adelaide will work closely with Evergen to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal road shows, virtual campaigns, conferences and assisting with investor communication. The company will pay Adelaide a monthly fee of $10,000, in addition to 15,000 stock options at an exercise price of $2.75 per share for a three-year term, subject to the approval of the board of directors. “We are thrilled to be working with Adelaide Capital, who will provide us with a comprehensive investor relations platform and help strengthen our communication with current and prospective shareholders as we pursue our next leg of growth,” Evergen CEO Chase Edgelow said.
PowerTap Hydrogen Capital Corp said it was not able to finalize its annual financial statements and accompanying management’s discussion and analysis for the year ended June 30, 2022 for submission by September 28, 2022, the date required by Canadian securities laws, as a result of delays to its audit. The audit delay is due to enhanced quality controls undertaken by its auditors, staff turnover and the complexity of auditing certain transactions. PowerTap’s auditors, Smythe Ratcliffe LLP, have requested more time for partner and consultant review as part of the enhanced measures. The company has applied for, and has been granted, a management cease trade order (MCTO) by the British Columbia Securities Commission. PowerTap expects to file the annual filings on or before October 28, 2022 and will issue a news release announcing completion of the filings at such time. Until then, it will comply with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Order for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the company to issue bi-weekly default status reports by way of a news release so long as the annual filings have not been filed. During the MCTO, investors will be able to continue trading in the company’s common shares. However, its CEO and CFO will not be able to do so, it added.
OTC Markets Group Inc. (OTCQX:OTCM) the operator of regulated markets for trading 12,000 US and international securities, has announced that Bravo Mining Corp, a Canada and Brazil based explorer, has qualified to trade on the OTCQX Best Market under the symbol ‘BRVMF’ , having upgraded from the Pink market. Luis Azevedo, CEO of Bravo Mining, said “Our Luanga project, located in the prolific Carajas Mineral Province in Brazil is an emerging Tier 1 Palladium + Platinum + Rhodium + Gold + Nickel deposit. As a newly-listed company in the TSX Venture and with an aggressive drilling plan underway, we felt important to begin trading in the OTCQX in order to increase accessibility to U.S.-based retail and institutional investors.” Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Skyharbour Resources Ltd, a Canadian uranium explorer, has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, said OTC Markets Group Inc. (OTCQX:OTCM) The company begins trading on the OTCQX on Friday under the ticker symbol “SYHBF.” Skyharbour CEO and president Jordan Trimble commented: “Upgrading to OTCQX provides American investors with greater accessibility to trading the company’s common shares and gives the company a much more robust potential shareholder and capital base.”
OTC Markets Group Inc. (OTCQX:OTCM) the operator of regulated markets for trading 12,000 US and international securities, has announced that Superior Gold Inc, a Canadian-based gold producer, has qualified to trade on the OTCQX Best Market under the symbol ‘SUPGF’, having upgraded from the Pink market. “We are excited to begin trading on the OTCQX Market and are working on DTC eligibility which we hope to achieve shortly, making it easier for US investors to trade Superior Gold stock,” said Chris Jordaan, CEO of Superior Gold. “Superior gold continues to focus on advancing to intermediate gold producer status through targeted growth and the delivery of key objectives designed to improve tonnage throughput, head grade, and overall gold production. We are also targeting lower AISC costs with increased production offsetting our fixed costs. The company has a growing mineral resource endowment and additional milling capability available. Superior Gold offers investors growth in the near and longer term,” he added. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Deep-South Resources Inc (TSX-V:DSM) has closed a non-brokered private placement worth $392,000 to fund exploration of its projects in Zambia, the company announced. The offering comprised more than 7.8 million units, each containing one share and half a shar purchase warrant, for a price of $0.05 each. Whole warrants entitle their holder to purchase additional shares at a price of $0.10 for a period of three years. The proceeds will also be used for general working capital, the company said.
Magna Mining Inc (TSX-V:NICU) said it has closed its previously-announced non-brokered private placement, raising gross proceeds of $20,014,792.20 after issuing 74,128,860 subscription receipts at $0.27 each. The gross proceeds from the sale will be held in escrow by Computershare Trust Company of Canada, as subscription receipt agent, and released to the company when certain conditions are met, including the satisfaction of all conditions precedent to the closing of Magna Mining’s acquisition of Lonmin Canada Inc. When the escrow release conditions are met, and without the payment of any additional consideration, each subscription receipt will entitle the holder to one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder to purchase one additional share at $0.405 each for a period of three years following the date of issue of the warrants.
Australis Capital Inc (CSE:AUSA, OTCQB:AUSAF) said it had pushed back the release date for its 2022 annual audited financial statements to Oct. 14, and its 1Q 2023 financials on or before Oct. 21, 2022. Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended March 31, 2022, including the related management’s discussion and analysis, and related certifications and the executive director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.
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