Venture Market News for September 19, 2018
- GrowLife Announces Rights Offering to Shareholders for Investment Opportunity for Marketing, Sales and Technology Expansion
GrowLife, Inc. (OTCQB: PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today announced details of its proposed Rights Offering that would allow the company’s shareholders to acquire additional shares of common stock (the “Offering”). The Offering is designed to give record shareholders the opportunity to invest directly into PHOT at a set price with additional warrants to support the company’s capital raise to be used for continued expansion.
- Propanc Biopharma Enters into Research Collaboration Agreement with the University of Jaén
MELBOURNE, Australia, Sept. 19, 2018 /PRNewswire/ — Propanc Biopharma, Inc. (OTCQB: PPCB) (“Propanc Biopharma” or the “Company”), a clinical stage biopharmaceutical company focusing on development of new and proprietary treatments for cancer patients suffering from solid tumors, such as pancreatic, ovarian and colorectal cancers, today announced the execution of a research collaboration agreement with the University of Jaén, Spain, for the provision of research services and scientific technical advice for the Company’s POP1 drug discovery program. The goal for the program is to synthesize and develop a backup clinical compound to the Company’s lead product candidate, PRP. The development of the backup compound will be used for treating patients with limited therapeutic options for the treatment of solid tumors,
The specific objectives for the collaboration include:
The identification of a suitable backup clinical compound to PRP;
The validation of the anti-carcinogenic properties of the new drug candidate through in vitro testing;
The validation of the anti-carcinogenic properties of the new drug candidate through in vivo testing;
The production of the new synthetic drug candidate in compliance with FDA’s “current good manufacturing practice” (cGMP) conditions, in order for it to be used in human trials.
- BioSig Technologies to Commence Trading on the Nasdaq
Santa Monica, CA, Sept. 19, 2018 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (OTCQB:BSGM, OTCQB:BSGMD), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, announced that its shares of common stock have been approved for trading on the Nasdaq Capital Market, commencing on Friday, September 21.
- Aurora Cannabis Completes Distribution of Australis Capital
EDMONTON, Sept. 19, 2018 /CNW/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM), today announced that it has completed its previously announced distribution of Australis shares and warrants (the “Distribution”). The distribution was completed on September 19, 2018, and the Australis shares and warrants will commence trading on the CSE under the symbol “AUSA” effective at the market open today.
- Strategic equity investment of C$723 million in Ivanhoe Mines by China-based CITIC Metal has been completed
Zijin Mining also has exercised its anti-dilution rights, raising additional C$78 million for Ivanhoe
Ivanhoe’s current cash position is approximately C$855 million
CITIC Metal and Zijin Mining each purchased their Ivanhoe Mines shares at C$3.68 per share
BEIJING, CHINA – Robert Friedland, Executive Co-Chairman of Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF), and Lars-Eric Johansson, Chief Executive Officer, today announced the completion of a major strategic equity investment totalling C$723 million (approximately US$556 million) in Ivanhoe Mines by CITIC Metal Africa Investments Limited (CITIC Metal Africa), a direct subsidiary of CITIC Metal Co., Ltd. (CITIC Metal), one of China’s leading international resources companies.
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