A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) has reported assays from last year’s drill program, which include the findingof a new zone called the Surluga North dISC (TSX:ISV)overy, which has the potential to expand the current resource ofthe Surluga deposit at its Wawa gold project in Ontario, Canada. One hole hita mineralized envelope covering 27.26 meters (m) 140m down-dip from the resource boundary in the northern part of the Surluga deposit in the Jubilee Shear zone. Intercepts included18.21 grams per ton (g/t) gold over 1.95m true width from 257.45m depth and 18.14 g/t gold over 0.82m from 283.58m depth. A mineral resource from May 2019 pegged the indicated category at the Surlaga deposit at 205,000 ounces of gold at a grade of 5.31 g/t. Inferred was 396,000 ounces at 5.22 g/t of the precious metal. “Our on-going exploration program testing the southern and northern extensions of the Jubilee Shear Zone continue to indicate that significant zones of gold mineralization remain to be dISC (TSX:ISV)overed down-dip and beyond the footprint of the existing resources,” Quentin Yarie, the CEO of Red Pine Exploration said in a statement.
Biocept Inc (NASDAQ:BIOC) has announced that coronavirus (COVID-19) RT-PCR testing volume has increased in 2022 with the emergence of the Omicron variant. The San Diego-based company said that it continues to serve the community with high-quality testing, having received more than 40,000 samples for COVID-19 testing since the beginning of 2022 and more than 765,000 samples since initiating this service in June 2020. RT-PCR COVID-19 testing, like the testing we offer, is highly sensitive and more accurate than a rapid antigen test, said Michael Dugan, Biocepts chief medical officer in a statement.
Contakt World (CSE:HELP) Technologies Corp has announced that its chief visionary officer Justin Beck has resigned. In connection with the resignation, Beck’s remaining 1.5 million performance warrants have been cancelled, it added. The company also announced that it has cancelled an aggregate of 1.4 million stock options and 646,250 restricted stock units and that it has issued an aggregate of 1.65 million stock options to directors, officers and consultants of the company. The new options are exercisable at 13.5 cents for a term of five years, vesting as to 25% on issuance and 25% each quarter until fully vested.
Information Services Corporation (ISC) said Karyn Brooks has stepped down from its board of directors effective immediately. The company thanked Brooke for her significant contributions to the Board and as a member of ISCs Audit Committee. Joel Teal, chair of ISC commented, On behalf of the Board of Directors, I would like to thank Karyn for her unwavering commitment to ISC since joining the Board in 2016. Her professionalism and wise counsel will be missed around the Board table. Shawn Peters, ISC’s president & CEO designate, added, As a member of the Audit Committee, Karyn was a valuable resource during my time as Executive Vice President & CFO. Her commitment to strong financial reporting and disclosure was always at the forefront. On behalf of management and the Finance team at ISC, we wish Karyn all the best. ISC said it will not be seeking an immediate replacement for Brooks.
Trillion Energy International Inc has announced that its proposed merger and continuation to redomicile from Delaware to a British Columbia corporation has been completed and is now effective. The company said the move is fundamental to reduce costs and regulatory filings and is pivotal to securing a brokered financing with a Canadian investment bank to fund the development of its SASB Gas field. The redomicile to Canada will alsostreamline the activities required to drill and produce the SASB gas field, it added. We are pleased to have completed the move and now plan to expeditiously complete our financing and secure our drilling rig contract, said Trillion CEO Arthur Halleran in a statement.Current natural pricing is at historic highs in the region which bodes well for our SASB natural gas drilling program we expect to commence later this year.
Vejii Holdings (CSE:VEJI) Ltd said that its common shares will begin trading on the OTCQB market in the US on January 21, 2022, under the symbol VEJIF. The company said its stock will continue to trade on the Canadian Securities Exchange under the symbol VEJI.
Think Research Corporation said it has engaged Oak Hill Financial Inc to provide communications and capital markets advisory services to the company under a services agreement between the parties. Under the terms of the agreement, the consideration payable by Think to Oak Hill for the provision of the services during the initial four months of the term, being approximately $60,000, will be satisfied by the issuance of common shares in the capital of Think to Oak Hill. The company anticipates that the common shares will be issued to Oak Hill on or after April 1, 2022, and will be issued at a deemed price equal to the closing market price of the common shares on the TSX Venture Exchange on the day prior to issuance.
Great Bear Resources (TSX-V:GBR) Ltd. said it has mailed and filed a management information circular and related materials for its special meeting of shareholders, option holders, restricted share unit (RSU) holders and deferred share unit (DSU) holders of the company to be held on February 14, 2022, in connection with the proposed acquisition of Great Bear Resources (TSX-V:GBR) by Kinross Gold Corp., announced on December 8, 2021.
Eric Sprott has announced that 2176423 Ontario Ltd., a corporation which is beneficially owned by him, disposed of 26,082,309 common shares of Benchmark Metals Inc. (TSX-V:BNCH, OTCQX:BNCHF), representing approximately 12.9% of the outstanding common shares on a non-diluted basis) at a price of $1.10 per share for aggregate consideration of approximately $28,690,540. Sprott now owns and controls no Benchmark common shares and 3,846,154 common share purchase warrants representing approximately 1.9% of the outstanding common shares on a partially-diluted basis. As a result, Sprott and 2176423 Ontario Limited ceased to be insiders of Benchmark Metals.
Co-Diagnostics (NASDAQ:CODX) Inc has said it will be hosting a booth at the upcoming Medlab Middle East 2022 trade show held January 24-27, 2022, at the Dubai World Trade Centre. The company it is expected that the conference, catering to the global medical laboratory community and showcasing the latest in laboratory innovation and technology, will provide opportunities for company representatives and distributors to introduce Co-Diagnostics (NASDAQ:CODX) products to a wide array of international customers. To learn more about the conference, including in-person and virtual registration details, interested parties can visit https://www.medlabme.com/en/home.html. Attendees interested in learning more about the company and its products, including its upcoming point-of-care and at-home rapid PCR diagnostics platform, are invited to visit Booth Z6-C26
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that the company will be participating in an exclusive webinar hosted by Edward Engel, senior research analyst at ROTH Capital Partners, on Thursday, January 27, 2022, at 2.00pm EST/11.00am PST to discuss the Affiliate industry within the US gaming market. Scott Burton, CEO of FansUnite, Chris Grove, CEO of American Affiliate and Sean Hurley, SVP Strategy of American Affiliate, will speak during the webinar to discuss the growing affiliate marketing business in the US sports betting and iGaming industry. The presentation will be followed by a Q&A session during which the FansUnite and American Affiliate management team will answer investor questions.
Phunware Inc (NASDAQ:PHUN) has said it will be holding a fireside chat with Steve Grasso, an advisor to the company, on Thursday, January 27, 2022, at 12.00pm ET. Phunware chief operating officer, Randall Crowder, will be hosted by Grasso to discuss Phunwares outlook for 2022 and provide further details on general business updates. Grasso is currently the CEO of Grasso Global Capital, advising corporate boards using his vast Wall Street knowledge and experience. He has actively participated in various NYSE committees whose work included allocating new listings to market-making firms and developing standardized tests for continuing education for the floor community. The fireside chat will be broadcast live and available for replay at the following link https://investors.phunware.com/news-events/press-releases/detail/225/phunware-holds-fireside-chat-with-grasso-global-capital-ceo and via the investor relations section of the companys website at investors.phunware.com.
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Mystic Holdings Inc, a company focused on cannabis cultivation, production and retail, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Mystic Holdings joining the OTCQX is a strong validation of our business strategy and prospects for continued growth, said Michael Cristalli, president of Mystic Holdings. As we continue to execute on our business strategy, we believe that trading on OTCQX will help drive liquidity, increase shareholder value, and allow the company more efficient access to capital markets.