Penny Stocks to Watch: VXTRF, DSTRF, GWAYF, TORCF

Investors flock to the markets every day in their quest to discover the next big thing from among penny stocks and more often than it can be a tough gig if one is not well informed. Here is a look into four penny stocks that investors could consider keeping an eye on at this point in time.

Voxtur Analytics Corp (OTC:VXTRF) – The North America-based technology company is involved in the creation of a more accessible and transparent real estate lending ecosystem. Last Friday, Voxtur Analytics Corp was in the news after it announced that it had gone into a severance agreement with a former executive at Realwealth Technologies Inc, one of its subsidiaries.

As per the terms of the severance agreement signed between the two parties, Voxtur Analytics would pay $650,573 and also issue 2,500,000 common shares to its former executive. However, it should be noted that the severance shares are going to be subject to approval from the TSX Venture Exchange. It was also announced that the company would also release 2,000,000 common shares from escrow which had been in issued in connection with the acquisition of Realwealth Technologies Inc. The escrow shares had been discussed in the press release from the company on October 14, 2022.

DevvStream Holdings Inc (OTC:DSTRF) – Major carbon credit generation company DevvStream Holdings Inc specializes in technology solutions and last Friday it was in the news cycle. The company announced on July 14 that it had extended its warrant exercise warranty program about which it had alluded to in a press release on May 1, 2023. The incentive program, which was announced on May 1, is meant for encouraging the early exercise of as many as 6,957,348 outstanding subordinate voting share purchase warrants in DevvStream Holdings.

Previously, the company had offered the warrant holders to get one new subordinate voting share purchase warrant for a block of two eligible warrants, as long as they were exercised between the dates May 1, 2023, and June 30, 2023. As per the latest announcement, the holders of those warrants would be able to participate in the aforementioned incentive program up until August 31, 2023.

Greenway Greenhouse Cannabis Corporation (OTC:GWAYF) – The company is best known for being a cultivator of high-quality greenhouse cannabis directed at the growing Canadian market. Last Friday Greenway Greenhouse Cannabis Corporation announced that it had gone into a debt settlement agreement with the marketing services providing company Hybrid Financial Ltd.

As per the agreement, the company would settle an existing debt to the tune of $305,100 after issuing 965,285 common shares. The shares had a deemed price of $0.35 and on top of that, the company made a cash payment of $35,100. It should be noted that the issuance of the settlement shares as a partial settlement instrument would be subject to all the relevant regulatory approvals and also the acceptance of the Canadian Stock Exchange.

TinOne Resources Inc (OTC:TORCF) – Last but not least, it is the TinOne Resources Inc stock that may come into focus this week. Last Friday the company had come into focus after it announced that it had completed the final tranche of the non-brokered private placement financing. That helped the company in raising as much as C$153,000 in the form of fresh capital.

Overall, the company raised C$781,000 through the issuance of 6,508,330 units for the price of C$0.12. The executive chairman of the company Chris Donaldson spoke about the latest development as well. He thanked the shareholders of TinOne Resources for their untiring support. He thanked the insiders and advisors in the same breath.

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