Breaks Categories: News

MondayDec 04, 2017 10:00 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Reports JV Partner Power Metals (TSX.V: PWM) High-Grade Sample Results at Case Lake Property

MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning reported that joint venture partner Power Metals Corp. (TSX.V: PWM) announced assay results ranging from 6.04% to 7.14% Li2O, confirming the presence of high-grade spodumene in the Northeast dyke at Case Lake, Cochrane, Ontario. The assay results represent almost pure spodumene and Power Metals has planned a 2,000 metre drill program that will begin on the Northeast dyke in early January 2018 to determine the lithium grade. In reviewing these results and discussing the drilling project, Dr. Julie Selway, Power Metals VP of Exploration, stated, "We are extremely fortunate to…

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MondayDec 04, 2017 9:44 am

NetworkNewsBreaks – Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) Successfully Completes Assets Acquisition

Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) this morning announced that pursuant to the asset purchase agreement the company entered on November 30, 2017 with AB Embedded Systems Ltd., it has completed the acquisition of certain AB Embedded intellectual property assets, tangible assets, and intangible assets. The acquisition is comprised of a combination of hardware design and development tools which enables Carl Data to provide custom devices for its clients, as well as board prototyping and micro manufacturing equipment that permits the company to complete in-house product development. On November 30, the company issued AB Embedded 400,000…

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MondayDec 04, 2017 9:01 am

NetworkNewsBreaks – Emblem Corp. (TSX.V: EMC) (OTC: EMMBF) Provides 2018 Strategy Update Regarding Growth Plans

Licensed Canadian cannabis cultivation company Emblem Corp. (TSX.V: EMC) (OTC: EMMBF) this morning provided an update regarding its growth plans for 2018. The company’s incoming president and CEO Nick Dean intends to focus on meeting the expected surge in demand in the recreational cannabis sector through strategic partnerships and by increasing Emblem’s total production capacity. Dean also intends to ramp up patient acquisition in the medical cannabis market utilizing the company’s strengths and quality products. “Ultimately it’s about being relentlessly driven to deliver a strong return on investment and a solid balance sheet. We will also be mindful of strategic…

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MondayDec 04, 2017 8:23 am

NetworkNewsBreaks — Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Petrobloq Collaboration with First Bitcoin Capital Corp. (BITCF) Joins Enterprise Ethereum Alliance

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that PetroBLOQ, the company’s collaboration formed with First Bitcoin Capital Corp. (OTC: BITCF), has joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is currently being co-developed by the two companies. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups. “Joining this community of forward-looking enterprises and blockchain innovators is an important step for PetroBLOQ as we develop transformative solutions for the oil and gas industry,” Petroteq Energy CEO Alex…

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FridayDec 01, 2017 11:58 am

NetworkNewsBreaks – Veritone, Inc. (NASDAQ: VERI) Completes $25.8M Public Offering

Veritone (NASDAQ: VERI) recently successfully completed an underwritten public offering of 1,121,250 shares of its common stock which includes the underwriters’ fully exercised option to purchase 146,250 shares at the public offering price. Shares were sold at $23.00 per share resulting in the gross proceeds of approximately $25.8 million. Veritone intends to use the net proceeds of the offering toward working capital and other general corporate purposes, such as potential acquisitions, investments, services, technologies and intellectual property rights. ROTH Capital Partners and Craig-Hallum Capital Group LLC acted as joint book-running managers for the offering. To view the full press release,…

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FridayDec 01, 2017 11:37 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Posts Q3 Results, Operational Update

Abcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) recently released financial results for the three and nine months ended September 30, 2017. Among other highlights from the third quarter, the company reported $43.4 million in cash, cash equivalents and marketable securities which provides a strong position for expansion plans for its high-tech Vanluven facility. Abcann also reported revenues of $614,000 for the nine months ended September 30, 2017, a considerable increase compared to $211,00 during the same period in 2016. Additionally, the company provided an update on operations, including the company’s strategy moving forward. “ABcann’s vision is to create a successful…

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FridayDec 01, 2017 10:43 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Announces Stock, Option and Warrant Transactions

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced various stock, option and warrant transactions. The news release states, “Following issuance of these common shares, Lexaria will have 69,674,919 common shares issued and outstanding. No commissions or placement fees have been paid related to the funds received from these warrants exercised. Proceeds will be used for general corporate purposes.” No shares were sold or registered in the United States. In addition, John Docherty, President of Lexaria Bioscience Corp., recently issued a clip discussing the company's technology…

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FridayDec 01, 2017 9:32 am

NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Closes Strategic Merger with Cobalt One Limited

First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) announced the closing of its strategic merger with Cobalt One Limited, as well as key restructuring of its Board of Directors to include Paul Matysek, Robert (Bob) Cross and Jason Bontempo. First Cobalt now is the largest land owner in the Ontario-based Cobalt Camp and owns the only cobalt refinery in North America permitted to produce battery materials. In conjunction with the transaction, President & Chief Executive Officer Trent Mell commented, “Over a very short period we have created the largest cobalt exploration company in the world, controlling almost half of what we…

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FridayDec 01, 2017 8:56 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Retains Former Senator to Guide Lithium Brine Strategy in California

MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning reported that the company has retained former California Senate majority leader Richard Polanco as an advisor and consultant. MGX will utilize Polanco’s experience toward leading direct negotiations with the State of California and local municipalities concerning targeted exploration locations and sites identified by the company as potential partnerships and acquisition targets. MGX intends on using the company’s patented rapid recovery process on these sites to concentrate lithium and other minerals and metals from brine. Additionally, Polanco will advise the company on local environmental solutions and support ongoing community and stakeholder…

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FridayDec 01, 2017 8:26 am

NetworkNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Acquires Equipment for Asphalt Ridge Expansion; Board Approves Option Grant

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced the acquisition of a substantial lot of the equipment needed to expand production of its heavy oil extraction facility located at Asphalt Ridge, Utah. Petroteq purchased the equipment, worth approximately $3 million, at a reduced price of $838,000. This news follows the company’s previous announcement that it has moved equipment from its 250 bpd facility in Maeser, Utah to its lease site at Asphalt Ridge, Utah. Additionally, Petroteq’s board of directors approved an option grant of 1,425,000 stock options expiring in 10 years to certain directors at an exercise price of $2.27,…

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