Penny Stocks On Radar: PGLDF, UGDIF, ANICF, LEBGF, BNNHF

In the past week or so plenty of penny stocks have come onto the radars of investors in a big way owing to a range of developments. However, it is also difficult for investors to keep track of all the different penny stocks which may have come onto the radars of investors. Here is a detailed look into five companies that have been on radars lately.

P2 Gold Inc (OTC:PGLDF) – The company was in the sights of many investors this past Friday after it made a major new announcement. On July 14 the company announced that it had completed the first two drill holes as well as the sampling and mapping initiatives at its gold-copper BAM project situated in the Golden Triangle zone in Northwestern part of British Columbia.

The President and Chief Executive Officer of P2 Gold Inc Joe Ovsenek spoke about the latest development too. He noted that the company had been successful in completing the priority exploration targets below the Jan Copper and Monarch Gold zones. That being said, he went on to add that additional flow-through funding with regard to the project had not been raised owing to the difficult market conditions.

He went on to add that due to financial constraints, P2 Gold ceased its drilling activities and would be waiting for assay results. However, the CEO stated that the company would go back to the project when further funding is going to be available and start with the follow-up work on the drill holes. The company would also drill the priority drill targets as well as the other targets that had been discovered during the exploration program that took place in 2023.

Unigold Inc (OTC:UGDIF) – This past Friday the company had been in the news cycle after it announced that it had inked a binding term sheet with the mining giant Barrick Gold Corporation. The term sheet laid out the terms under which Unigold Inc will enable Barrick to earn and form a joint venture with regard to the NeitaNorte Exploration Concession located in the Dominican Republic.

The Chief Executive Officer and Chairman of Unigold Joe Hamilton spoke about the latest arrangement as well. He noted that the company welcomed Barrick to be its partner in the NeitaNorte project. Barrick would provide considerable technical expertise and financial muscle to the project. Barrick Gold not only operates a state-of-the-art mine in the Dominican Republic but also installed a significant degree of related infrastructure in the country. That gave Barrick the record of a strong and responsible corporate operator in the country.

The nature of the agreement would be in the best interests of both companies according to Hamilton. He went on to add that the Unigold would continue to be active in the region in its quest for developing the Neita Sur concession. Eventually, the company seeks to leverage its considerable resources to develop mines that produce.

Anonymous Intelligence Company Inc (OTC:ANICF) – The computational intelligence, data technology and decentralized network firm Anonymous Intelligence Company Inc is one of the companies which may be worthy of attention this week. The company had been in the news last Friday that it had completed the acquisition of Haller.ai Technologies Inc. The companies had signed a share purchase agreement on July 10, 2023, and a press release regarding the same had been sent out on July 11, 2023. As had been announced on July 11, Allan Larmour resigned from his position on the board of directors and had been replaced by Tyler Koverko.

As per the provisions of the agreement between the two parties Anonymous Intelligence Company completed the acquisition of all the issued and outstanding shares in Haller.ai and in turn issued 20000000 common shares to the Haller.ai shareholders.

The shares bore a deemed price of $0.10 and additionally, 10000 bonus warrants had also been issued, which could be exercised at $0.25 per consideration warrant in a five year period. An arm’s length party had also been issued 2,000,000 shares in Anonymous Intelligence Company as a finder’s fee.

Legible Inc (OTC:LEBGF) – On July 14 the company had come onto the radar of investors after it came up with a significant new update with regards to its artificial intelligence-powered curation tool named Librarian AI. The tool from Legible Inc helps with conversational book discovery and helps readers with discovering and buying eBooks from the Legible browser-based online book stores, which stream in excess of 2 million titles.

The company announced that some of the significant enhancements to the tool included smooth reading, discovery and interaction by way of accurate and customized recommendations. The curation tool had also been equipped with the enhanced capability of comprehending convoluted literary queries and would also be able to provide related suggestions on the basis of the search topics. Additionally, it would also be possible for users to save and share their own conversation threads on Librarian AI through links. That would help in the creation of shared literary journals and curricula. Legible also announced on Friday that it had also closed the second tranche of its non-brokered private placement which raised a total of $1,500,000.

Benjamin Hill Mining Corp (OTC:BNNHF) – – The company was buzzing among investors last week on Friday after it followed up on its May 9, 2023, and June 29, 2023 news releases and completed the oversubscribed non-brokered private placement. Benjamin Hill Mining Corp announced on July 14 that it had issued 3,499,999 units for the price of $0.12 a unit for the gross proceeds of $401,999.88.

Each unit offered by the company was made up of one full common share and one fully transferable warrant. The holder of a warrant would be entitled to exercise one common share in Benjamin Hill Mining Corp for the price of $0.20  for two years from the day of issuance. The company is a junior gold exploration entity listed in Canada.