Venture Breakfast Bits, by 24/7 Market News

DENVER, Colo., June 19, 2019- (24/7MarketNews via COMTEX) Venture Market News for June 19, 2019.

Midas Gold Corp. Announces Closing of C$19.9 Million Bought Deal Public Offering

VANCOUVER, British Columbia, June 19, 2019 (GLOBE NEWSWIRE) — Midas Gold Corp. (TSX:MAX, OTCQX:MDRPF) (“Midas Gold” or the “Company”) is pleased to announce that it has closed the previously announced bought deal equity financing (the “Offering”) led by RBC Capital Markets and BMO Capital Markets (as co-lead underwriters) and including Haywood Securities Inc. The Company has issued 33,200,000 common shares (the “Offered Shares”) at a price of C$0.60 per Offered Share for aggregate gross proceeds of C$19,920,000. The Offered Shares were qualified for distribution by a prospectus supplement dated June 12, 2019 to the Company’s existing Canadian base shelf prospectus dated April 4, 2019.

Full press release

CytRx Corporation Highlights Arimoclomol Licensee Orphazyme A/S to Prepare Regulatory Submission in Europe for Niemann-Pick Disease Type C

Expected Submission of Marketing Authorization Application in First Half of 2020

LOS ANGELES, June 19, 2019 /PRNewswire/ — CytRx Corporation (OTCQB: CYTR), a biopharmaceutical research and development company specializing principally in oncology, today highlighted that arimoclomol licensee Orphazyme A/S (ORPH.CO) has updated the anticipated timing for submission of its Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) seeking approval for arimoclomol in Niemann-Pick disease Type C (NPC).  Based on advice received from the EMA’s Scientific Advice Working Group, Orphazyme expects to submit the arimoclomol MAA in the first half of 2020.

Full press release

Charlotte’s Web Announces 187% Increase in Hemp Acres Planted for 2019

Commissioned acres increase to 862 in 2019 from 300 in 2018

BOULDER, CO, June 19, 2019 /PRNewswire/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) (TSX:CWEB, OTCQX:CWBHF), the market leader in hemp CBD extract products, today reported final hemp planting for its 2019 growing season. In order to meet growing demand from consumer and retail channel partners, total acres planted for 2019 has been increased to 862, an 187% increase from 300 acres planted in 2018. In 2016, 2017 and 2018, the Company produced 41,000 lbs., 63,000 lbs. and 675,000 lbs., respectively, of dried hemp biomass.

Full press release

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