It's been busy at Peterson Capital!
It's been a busy week at Peterson Capital. Our business is changing with the markets, but the Peterson Capital team’s focus remains on providing you with up-to-date news on our clients. Here is a look at some of our highlights from the past week and news You Should Know.
Converge Technologies (TSX: CTS)
CTS announced on November 22, 2022 that its Board of Directors has formed a special committee of independent directors to undertake a review and evaluation of strategic alternatives that may be available to the company to unlock shareholder value. In response to expressions of interest that have been received by the Company the Special Committee will evaluate a full range of strategic alternatives which includes a sale, merger, divestiture, recapitalization or other strategic transaction while continuing to operate as a public company. Shaun Maine CEO of Converge state, “our management team is fully aligned with the Board's decision to explore strategic options to maximize shareholder value.” To learn more about Converge click HERE
Tectonic Metals (TSX.V: TECT)
Tony Reda CEO of Tectonic Metals met with 23 groups in Europe in November. Tony has surrounded himself with a team of individuals who are experts in their fields, such as Eira Thomas, Peter Kleespies, and Allison Rippin Armstrong. To learn more about Tectonic click HERE
Volatus Aerospace (TSX.V: VOL)
Volatus Aerospace's CEO Glen Lynch has served for 35 years in multinational firms developing innovative and exciting products. Glen and his team presented to 37 groups in Europe during the early part of November. To learn more about this exciting company click HERE
Alpha Cognition (TSX.V: ACOG)
Alpha Cognition announced a marketed public offering (click HERE for a copy of the release) of up to C$10 Million. Net proceeds of the offering go towards clinical development and marketing of its Alpha-1062 and Alpha-0602 formulations and for working capital and general corporate purposes.
Alpha Cognition's CEO Michael McFadden has a history of making companies succeed with up to a billion-dollar buy outs. Today Michael and his team are providing a pathway with Alpha for patients to lessen the effects of neurodegenerative disease. To learn more click HERE
North Arrow (TSX.V: NAR)
North Arrow updated their Pikoo Diamond project and a subsequent CAD$1.5M Private Placement financing. North Arrow reported their crews completed an exploration till sampling and ground geophysical survey at its 100% owned Pikoo Diamond project. Ken Armstrong President and CEO said “North Arrows kimberlite discoveries at Pikoo, including the highly diamondiferous PK150 kimberlite, have shown that till sampling is an effective exploration tool in this area and positive kimberlite indicator mineral results from this program would immediately position these new targets as a priority for drill testing in 2023.” Click HERE for the complete release.
In addition to the news on Pikoo, North Arrow announced it has a two-tiered offering consisting of Flow Through shares at a price of C$0.06 per for a total of C$500,000. and Non-Flow Throw of C$1 million at C$0.05 per share. To learn more about North Arrow Minerals click HERE