Posts

Posted on

IIROC Trade Resumption – FIRE

Canada NewsWire

TORONTO, April 8, 2021 /CNW/ – Trading resumes in:

Company: Supreme Cannabis Company, Inc. (The)

TSX Symbol: FIRE

All Issues: Yes

Resumption (ET): ‎9‎:30‎ ‎AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Posted on

Dr. Thomas Cannell, President and CEO of Sesen Bio, and Dr. Michael Jewett, FRCSC, FACS, to Participate in Canaccord Genuity “Horizons in Oncology” Virtual Conference

Dr. Thomas Cannell, President and CEO of Sesen Bio, and Dr. Michael Jewett, FRCSC, FACS, to Participate in Canaccord Genuity “Horizons in Oncology” Virtual Conference

CAMBRIDGE, Mass.–(BUSINESS WIRE)–
Sesen Bio (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, today announced it will be featured as a presenting company at the Canaccord Genuity “Horizons in Oncology” virtual conference on April 15, 2021. Sesen Bio will be represented by Dr. Thomas Cannell, President and CEO of Sesen Bio, who will provide a regulatory and commercial readiness update, and by Dr. Michael Jewett, FRCSC, FACS, a member of Sesen Bio’s CEO Medical advisory board, who will provide clinical insights on the Company’s lead product candidate, Vicineum™, for the treatment of BCG-unresponsive non-muscle invasive bladder cancer (NMIBC).

Michael A. S. Jewett, MD, FRCSC, FACS is a renowned Oncologist who is internationally recognized for his life-saving innovations in surgical oncology, his advocacy of patient-centered clinical care, and his contributions to research in the field of bladder cancer. Dr. Jewett is currently a professor in the Departments of Surgical Oncology and Surgery (Urology) at the Princess Margaret Cancer Centre, University Health Network and the University of Toronto. A graduate of Queen’s University, Faculty of Medicine, Kingston, Ontario, Canada, where BCG for bladder cancer was first prescribed, Dr. Jewett completed his Urology training at the University of Toronto, Canada and Memorial Sloane-Kettering Cancer Center in New York. Dr. Jewett has played a prominent role in national and international consensus statements, including as a committee chair for the International Consultation on Bladder Tumors in 2004 Consensus. He has appeared before the FDA as an expert including the presentation that led to the historic approval of BCG for NMIBC. Dr. Jewett has published more than 400 peer-reviewed papers, mostly in Uro-oncology and in technology assessment and medical informatics. Dr Jewett was a member of the inaugural Medical Advisory Board of the Bladder Cancer Advocacy Network (BCAN). He is an Honorary Member of the American Urological Association (AUA) and the European Association of Urology (EAU) and has been a visiting professor in more than 40 institutions and associations. In December 2020, Dr. Jewett was appointed to the Order of Canada based on his achievements listed above, among others. Dr. Jewett is a paid consultant to Sesen Bio and served as a clinical investigator for the Phase 1 and Phase 2 clinical trials of Vicineum for NMIBC.

Event: Canaccord Genuity “Horizons in Oncology” Virtual Conference

Date: April 15, 2021

Time: 9:00 – 10:00 AM ET

To participate in the event please contact your Canaccord Genuity representative.

About Vicineum™

Vicineum, a locally administered fusion protein, is Sesen Bio’s lead product candidate being developed for the treatment of BCG-unresponsive non-muscle invasive bladder cancer (NMIBC). Vicineum is comprised of a recombinant fusion protein that targets epithelial cell adhesion molecule (EpCAM) antigens on the surface of tumor cells to deliver a potent protein payload, Pseudomonas Exotoxin A. Vicineum is constructed with a stable, genetically engineered peptide tether to ensure the payload remains attached until it is internalized by the cancer cell, which is believed to decrease the risk of toxicity to healthy tissues, thereby improving its safety. In prior clinical trials conducted by Sesen Bio, EpCAM has been shown to be overexpressed in NMIBC cells with minimal to no EpCAM expression observed on normal bladder cells. Sesen Bio is currently in the follow-up stage of a Phase 3 registration trial in the US for the treatment of BCG-unresponsive NMIBC. In February 2021, the FDA accepted for filing the Company’s BLA for Vicineum for the treatment of BCG-unresponsive NMIBC and granted the application Priority Review with a PDUFA date of August 18, 2021. Additionally, Sesen Bio believes that cancer cell-killing properties of Vicineum promote an anti-tumor immune response that may potentially combine well with immuno-oncology drugs, such as checkpoint inhibitors. For this reason, the activity of Vicineum in BCG-unresponsive NMIBC is also being explored at the US National Cancer Institute in combination with AstraZeneca’s immune checkpoint inhibitor durvalumab.

About Sesen Bio

Sesen Bio, Inc. is a late-stage clinical company advancing targeted fusion protein therapeutics for the treatment of patients with cancer. The Company’s lead program, Vicineum™, also known as VB4-845, is currently in the follow-up stage of a Phase 3 registration trial for the treatment of BCG-unresponsive non-muscle invasive bladder cancer (NMIBC). In February 2021, the FDA accepted for filing the Company’s BLA for Vicineum for the treatment of BCG-unresponsive NMIBC and granted the application Priority Review with a PDUFA date of August 18, 2021. Sesen Bio retains worldwide rights to Vicineum with the exception of Greater China and the Middle East and North Africa (MENA), for which the Company has partnered with Qilu Pharmaceutical and Hikma Pharmaceuticals, respectively, for commercialization. Vicineum is a locally administered targeted fusion protein composed of an anti-EpCAM antibody fragment tethered to a truncated form of Pseudomonas Exotoxin A for the treatment of BCG-unresponsive NMIBC. For more information, please visit the company’s website at www.sesenbio.com.

COVID-19 Pandemic Potential Impact

Sesen Bio continues to monitor the rapidly evolving environment regarding the potential impact of the COVID-19 pandemic on our Company. The Company has not yet experienced any disruptions to our operations as a result of COVID-19, however, we are not able to quantify or predict with certainty the overall scope of potential impacts to our business, including, but not limited to, our ability to raise capital and, if approved, commercialize Vicineum. Sesen Bio remains committed to the health and safety of patients, caregivers and employees.

Cautionary Note on Forward-Looking Statements

Any statements in this press release about future expectations, plans and prospects for the Company, the Company’s strategy, future operations, and other statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the timing for the FDA’s decision on the Company’s BLA for Vicineum for the treatment of BCG unresponsive NMIBC based on the FDA granting the BLA Priority Review and the PDUFA date of August 18, 2021, the impact of COVID-19 on the Company, including its ability to raise capital, and, if approved, its ability to commercialize Vicineum for the treatment of BCG unresponsive NMIBC, and other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company’s views as of the date hereof. The Company anticipates that subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.

Erin Clark, Vice President, Corporate Strategy & Investor Relations

[email protected]

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Oncology Health Other Health General Health Clinical Trials Pharmaceutical Biotechnology

MEDIA:

Logo
Logo
Posted on

Elastic Announces Lineup of Customers Speaking at ElasticON Public Sector, a Free Virtual User Conference April 13-15

Elastic Announces Lineup of Customers Speaking at ElasticON Public Sector, a Free Virtual User Conference April 13-15

Helping Public Sector Organizations Accelerate Their Missions with Deeper Data Insights and Unified Intelligence

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–
Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today announced its speaker lineup for the ElasticON Public Sector user conference, April 13-15, which will bring together customers, partners, and the Elastic community to help mission-oriented organizations stay agile and remove barriers between data and action.

Attendees will hear from Elastic users representing governments and universities from the U.S. and Europe about how they use Elastic to quickly analyze data, unify intelligence, standardize datasets, and achieve their missions faster. Register here for the event.

ElasticON Public Sector will feature an opening keynote session with General Manager of Elastic Security, Nate Fick. Nate was the CEO of Endgame, an endpoint security company acquired by Elastic in 2019, and a former infantry and reconnaissance officer in the U.S. Marine Corps. His book, One Bullet Away, recounting his military experience in Afghanistan and Iraq, was a New York Times bestseller. Nate will discuss how Elastic is helping mission-oriented organizations stay agile by helping users manage cybersecurity threats, bolster their security posture, and do more with their data.

Attendees also have the opportunity to learn about the latest Elastic release updates and gain insight into new capabilities that will help further their public sector projects.

Highlights include:

U.S. Federal, April 13

  • An executive panel including the National Geospatial-Intelligence Agency, Maryland Innovation Security Institute, and Valiant discussing the value of Elastic Security in action.
  • A conversation with Deloitte on how the consulting firm is integrating machine learning with native Elasticsearch functionality to help a large federal agency expedite document review.
  • Sessions with ECS on how their teams empower government agencies to run Elastic as a service, as well as how Elastic is supporting the Mission Assurance Decision Support System(MADSS) program for the U.S. Navy with observability, data enrichment, and powerful search in a containerized environment.

U.S. State, Local Government, and Education, April 14

  • Sessions with the State of Arizona and Salt Lake County, Utah on how they are using Elastic to validate their security posture and protect their IT.
  • A discussion with the Oregon Health & Science University about how Elastic is helping them increase performance visibility, proactively detect security threats, and address weaknesses in network infrastructure.
  • A conversation about product and mission perspectives from two Elastic Security users, Appalachian State University and the University of Oregon.

Europe Government, April 15

  • An executive panel with Naimuri, Mobilise, SVA, and Northrop Grumman on realizing the power of search through their use of Elastic.
  • Sessions with public sector partners including the UK Parliament’s Information Authority, the Swedish Police, CGI, the Netherlands Police, and HM Revenue & Customs, UK Government highlighting customer stories across Elastic Enterprise Search, Elastic Observability, and Elastic Security solutions.

Supporting Quotes:

  • “We used the Elastic Stack and Elastic Security to build out our MSSP offerings, accelerating the detection and mitigation of threats and increasing the stability, efficiency, and resiliency of mission-critical services for our agency partners,” said Armando Seay, Co-founder and Director of the Maryland Innovation and Security Institute (MISI). “Elastic Cloud delivers the flexibility and scalability we need to help secure the defense industrial base with our CMMC offering.”
  • “ElasticON Public Sector is designed to bring our customers, partners, and community together to help mission-oriented agencies stay agile and remove barriers between data and action for mission outcomes,” said Nate Fick, General Manager, Elastic Security, Elastic. “Making ElasticON Public Sector a dedicated virtual event enables even more of our community to come together to hear how their peers are using the latest capabilities of the Elastic Stack to turn data challenges into opportunities.”

About Elastic:

Elastic is a search company built on a free and open heritage. Anyone can use Elastic products and solutions to get started quickly and frictionlessly. Elastic offers three solutions for enterprise search, observability, and security, built on one technology stack that can be deployed anywhere. From finding documents to monitoring infrastructure to hunting for threats, Elastic makes data usable in real time and at scale. Thousands of organizations worldwide, including Cisco, eBay, Goldman Sachs, Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia, and Verizon, use Elastic to power mission-critical systems. Founded in 2012, Elastic is a distributed company with Elasticians around the globe and is publicly traded on the NYSE under the symbol ESTC. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners.

Chloe Guillemot

[email protected]

415-272-7996

KEYWORDS: Europe United States North America California

INDUSTRY KEYWORDS: Data Management Security Technology Software Networks Internet

MEDIA:

Logo
Logo
Posted on

Boise Cascade Announces CFO Transition

Boise Cascade Announces CFO Transition

BOISE, Idaho–(BUSINESS WIRE)–
Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today the transition of its Chief Financial Officer (CFO) and Treasurer position. Wayne Rancourt has communicated his intent to retire effective May 14, 2021. Our Board of Directors has promoted Kelly Hibbs (current VP, Controller) to SVP, CFO and Treasurer, effective upon Wayne’s retirement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210408005077/en/

Wayne Rancourt, Boise Cascade (Photo: Business Wire)

Wayne Rancourt, Boise Cascade (Photo: Business Wire)

Mr. Rancourt joined the Company in 1983 and has served as its CFO and Treasurer since 2009. He has been an instrumental part of the business model changes, including the expansion of its engineered wood products manufacturing and nationwide distribution network in the late 1990s to Boise Cascade’s IPO launch in 2013.

Mr. Hibbs joined the organization in 1996 and was promoted to his current officer position in 2011. He is a CPA and received a bachelor’s degree in accounting from Boise State University.

“Wayne is an accomplished leader in the industry and the investor community,” said Tom Carlile, board chair. “He leaves a legacy of building a solid financial foundation for our Company’s future endeavors, as well as delivering strong returns for our shareholders.”

“Wayne is a compassionate leader and a fantastic relationship-builder within our Company and the local community. I want to thank him for his contributions and years of service. He is a valued colleague and we all wish him the very best in retirement and the next chapter of his adventures and community impact,” said Nate Jorgensen, CEO.

“Kelly has a strong business acumen and knowledge of financial reporting and corporate governance,” Jorgensen continued. “We have been intentionally planning for this succession and I expect a smooth transition.”

About Boise Cascade

Boise Cascade Company is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com.

Forward-Looking Statements

This press release contains statements that are “forward-looking” within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual events to differ from the expectations expressed in this release. Factors that could cause actual events to differ materially from forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.

Investor contacts:

Wayne Rancourt, 208-384-6073

Jill Twedt, 208-384-4924

Media contact:

Lisa Tschampl, 208-384-6552

KEYWORDS: United States North America Idaho

INDUSTRY KEYWORDS: Finance Natural Resources Accounting Professional Services Forest Products

MEDIA:

Logo
Logo
Photo
Photo
Wayne Rancourt, Boise Cascade (Photo: Business Wire)
Photo
Photo
Kelly Hibbs, Boise Cascade (Photo: Business Wire)
Posted on

Golden Leaf Holdings Completes Eighty Percent Acquisition of Plant-Based CBD Skincare Brand, Fifth & Root

PORTLAND, Ore., April 08, 2021 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF) (“Golden Leaf” or the “Company”), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, today announces the closing of its purchase of majority ownership in Fifth & Root, Inc. (“Fifth & Root”), a nationally recognized CBD skincare brand based in California.

Fifth & Root is available online at www.fifthandroot.com, and in major retailers including Ulta Beauty, Nordstrom, Anthropologie and Urban Outfitters.   “The acquisition of these distribution channels greatly increases the Company’s visibility and reach, and continues to advance our “Crawl, Walk, Run” strategic approach. As we look forward to the eventual federal legalization of cannabis, Fifth & Root’s commerce platform and partnerships will position the Company favorably to capitalize on the evolving marketplace. Fifth & Root, a leader in CBD beauty, offers an exceptional line of clean and innovative products. We’re thrilled to add them to Golden Leaf Holdings’ portfolio of products and look forward to growing this brand within the burgeoning CBD skincare space,” stated Jeff Yapp, GLH’s CEO.

Fifth & Root Founder and Abstrax CEO Max Koby said, “Golden Leaf Holdings has a long-standing business relationship with Abstrax and has proven they have a skilled management team, who have executed well and effectively expanded their product offerings and markets with a focus on quality. As Golden Leaf continues to expand their footprint, we hope that this new partnership will allow them to provide innovative CBD products nationwide through the largest and best beauty retail partners in the country, to consumers looking for clean beauty products that harness the power of botanicals.”

The Fifth & Root brand was designed with a ‘GenZennial’ customer in mind. “We wanted to capture the vibe of the innovative and experiential formulas in the branding and packaging,” said Leilah Mundt, Founder of beauty branding and sales agency, Crème Collective. “The formulas are bright and alive with sophisticated terpene blends that smell incredible, as well as being a proven delivery system for the active ingredients. Our goal was to mirror this in all brand touchpoints.”

The Company will pay total consideration valued at up to US$1,687,500, consisting of a US$250,000 cash payment paid at closing, and up to 30,666,666 common shares of the Company (“GLH Shares”) representing eighty percent ownership. Ninety percent of the consideration shares were issued at closing and ten percent of the GLH Shares will be issued if certain post-closing targets are met by Fifth & Root. The Company used funds on hand to fund the cash portion of the purchase price. Based on favorable terms in Fifth & Root’s manufacturing and sales contracts the Company anticipates this business unit will remain working capital neutral as sales grow.

Golden Leaf owns and operates Oregon-based Chalice Farms, a health- and wellness-driven, vertically integrated cannabis business with seven dispensaries in the Portland metropolitan area. Fifth & Root currently offers six products and is sold in over 425 retail locations throughout the US online at www.fifthandroot.com and in major retailers, including Ulta Beauty, Nordstrom, Urban Outfitters and Anthropologie, and online at www.fifthandroot.com.

About Fifth & Root:

Born from an obsession with plants and love of clean skincare, Fifth & Root was female-founded in 2018 and works to bring transformative, spell-binding skincare to everyone. Passionate about vibrant skincare solutions made with the best of nature, Fifth & Root formulates its products while omitting toxins and irritants including toxic chemicals, synthetics, GMO’s, parabens, phthalates, harsh preservatives, skin-stripping sulfates and animal byproducts. Unlike other CBD skincare companies, Fifth & Root formulas are uniquely created and developed using functional botanical ingredients and components by women scientists and herbalists in the research & development and manufacturing facilities in Irvine, CA.   Fifth & Root can be found in national retailers including Ulta Beauty, Nordstrom, Urban Outfitters, Anthropologie, Revolve and more.   Additional information is available on their website, Facebook and Instagram.

About Golden Leaf Holdings:

Golden Leaf Holdings is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The Company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Markets served include Oregon, California, Nevada and Washington. Visit http://www.glhmonthly.com for regular updates.

Investor Relations:
John Varghese
Executive Chairman
Golden Leaf Holdings Ltd.
971-371-2685
[email protected]

Disclaimers:

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operations, the opinions or beliefs of management and future business goals. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include but are not limited to general business, economic and competitive uncertainties, regulatory risks, market risks, risks inherent in manufacturing and retail operations such as unforeseen costs and production shutdowns, difficulties in maintaining brand loyalty, and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Forward-looking information is provided herein for the purpose of presenting information about management’s current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This press release does not constitute an offer of securities for sale in the United States, and such securities may not be offered or sold in the United States absent registration or an exemption from registration or an exemption from registration.

Chalice Farms does not provide medical advice and you should consult with your physician prior to beginning or continuing the use of cannabis or any health and wellness program. These statements have not been evaluated by the Food and Drug Administration. The products described above in this release, are not intended to diagnose, treat, cure, or prevent any disease.   To the fullest extent permitted by applicable law, no warranties, promises and/or representations of any kind, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose, are given as to the nature, standard, accuracy, effectiveness, or otherwise of the information Chalice Farms provides in its digital wellness initiative, nor to the suitability or otherwise of the information to your particular case or circumstances and you expressly agree that your use of the Chalice Farms digital wellness initiative information is at your sole risk. Chalice Farms and the Chalice Farms logo are registered trademarks of GL Management, Inc.



Posted on

Inventus Drills 4.4 g/t Gold and 0.09% Cobalt Over 7 Metres at Cobalt Hill

Identifies Potential IOCG-Type Mineralization

TORONTO, April 08, 2021 (GLOBE NEWSWIRE) — Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its drilling program at Cobalt Hill, part of its 100%-owned Sudbury 2.0 project near Sudbury, Ontario.

    Drilling highlights include:
  CH-21-02:  44 m of 1.3 g/t Gold, 0.04% Cobalt and 0.02% Nickel
    Including 7 m of 4.4 g/t Gold, 0.09% Cobalt and 0.03% Nickel
    (with individual assays up to 0.29% Cobalt and 0.11% Nickel)
     
  CH-21-01: 16 m of 0.7 g/t Gold, 0.04% Cobalt and 0.03% Nickel
    (with individual assays up to 0.17% Cobalt and 0.22% Nickel)

Inventus’ drilling at Cobalt Hill has confirmed the occurrence of polymetallic gold-cobalt-nickel mineralization enriched with rare earth elements (REEs). This type of mineralization is indicative of a potential Iron Oxide Copper Gold (IOCG) mineral system. IOCG systems typically occur in proximity to magnetic, dense and conductive geological environments with regional and/or structurally controlled alteration. The Sudbury 2.0 project, situated over the Temagami Geophysical Anomaly, with its dense, magnetic, conductive signature, checks all of these boxes. New geophysical modelling of historic magnetotelluric (MT) data collected by Falconbridge in the 1990s, has illustrated an area of conductivity extending towards surface below Cobalt Hill and the Lake Zone (Figure 1). A similar conductive feature is known to occur below the world-class Olympic Dam IOCG deposit, where it is interpreted to be a metalliferous fluid pathway from a deep conductive source.

The alteration and hydrothermal breccia at Cobalt Hill appears pipe-shaped and is approximately 500 x 400 metres in size on surface with an apparent vertical plunge. Similar to the Lake Zone, a very good correlation exists between sulfides, mainly pyrite, and the polymetallic gold mineralization. Inventus plans to conduct an induced polarization geophysical survey (IP) over Cobalt Hill to identify areas of higher sulfide content.


“We are very encouraged by these results, as they support our belief that the Temagami Geophysical Anomaly is a large intrusion responsible for the mineralization. The presence of cobalt, nickel and anomalous REEs is strong evidence for an intrusion-related mineral system. Several other exploration companies in the region have also made similar assertions of a potential IOCG system, which indicates the breadth of the exploration potential in the area. Using geophysics to trace the mineralization below surface above the district-scale gravity, magnetic and conductive anomaly on the Sudbury 2.0 property is the logical next step,”

said Stefan Spears, Chairman and CEO.

Assay results from Cobalt Hill and a description of the drill holes are provided below.

Drill hole CH-21-02 was designed to test the mineralization at 200 metres depth where historic drilling intersected gold mineralization but was not sampled for cobalt or nickel. The hole intersected sodic and potassic alteration from surface to 287 metres. Breccia and quartz veins with variable sulfide mineralization were intersected from 84 to 116 metres and from 189 to 235 metres. Select assay intervals are listed in Table 1 and a cross section is provided in Figure 2.

Table 1. CH-21-02 Assay Interval Summary.

Hole ID From (m) To (m) Interval (m) Au (g/t) Co (%) Ni (%)
CH-21-02 74.11 74.46 0.35 0.4 0.25 0.09
CH-21-02 183.37 183.94 0.57 3.3 0.17 0.04
CH-21-02 189.78 233.87 44.09 1.3 0.04 0.02
including 198.61 205.64 7.03 4.4 0.09 0.03
and including 198.61 199.25 0.64 17.1 0.14 0.05
and 220.95 221.46 0.51 5.0 0.09 0.05
and 228.95 231.66 2.71 2.2 0.13 0.04
and including 230.98 231.66 0.68 3.9 0.29 0.11

*Intervals are core lengths, true widths are not known.

Drill hole CH-21-01 tested the near surface mineralization on the east shore of Jess Lake. The hole intersected breccia and quartz veins with variable sulfide mineralization from surface to 16 metres. Select assay intervals are listed in Table 2 and a cross section is provided in Figure 2.

Table 2. CH-21-01 Assay Interval Summary.

Hole ID From (m) To (m) Interval (m) Au (g/t) Co (%) Ni (%)
CH-21-01 0 15.95 15.95 0.7 0.04 0.03
including 1.55 2.00 0.45 2.3 0.02 n/s
including 10.47 11.42 0.95 0.5 0.14 0.17
and including 10.91 11.42 0.51 0.5 0.17 0.22
including 12.98 15.95 2.97 0.6 0.07 0.05

*Intervals are core lengths, true widths are not known. n/s – no significant value

Figures 1 and 2.

http://www.inventusmining.com/s/Apr_8_Figures.pdf

For further information, please contact:

Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
E-mail: [email protected]

About Inventus Mining Corp.

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 130,500,000 common shares outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Qualified Person

The Qualified Person responsible for the geological technical content of this news release is Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release on behalf of the Company.

Technical Information

The samples collected by Inventus described in this release were transported in secure sealed bags for preparation and assayed by SGS Laboratories. The samples reported were crushed in their entirety to 75% passing -10 mesh, with one 500 g subsample split and pulverized to 85% passing 200 mesh. One 50 g aliquot was taken from the subsample for fire assay (FA) with an ICP-MS/ICP-OES/AAS finish. Multielement assays were done by Sodium Peroxide Fusion with ICP-OES/ICP-MS finish. Samples over 10 g/t gold were subject to a 50 g aliquot FA with gravimetric finish.

Forward-Looking Statements

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.



Posted on

Verra Mobility Applauds National Transportation Safety Board (NTSB) Inclusion of Automated Speed Enforcement on the 2021-2022 Most Wanted List of Transportation Safety Improvements

PR Newswire

MESA, Ariz., April 8, 2021 /PRNewswire/ — In its annual list of Most Wanted List of Transportation Safety Improvements, the National Transportation Safety Board (NTSB) has included implementing a comprehensive strategy to eliminate speeding-related crashes as a goal of the agency.  Among the list of technologies highlighted by the NTSB to achieve this goal is automated enforcement. 

The report states:

“Speeding is typically defined as exceeding a speed limit, but it can also mean driving at the speed limit but too fast for road conditions. Between 2009 and 2018, speeding-related crashes resulted in nearly 100,000 fatalities-that’s close to one-third of all traffic fatalities in the United States.

The true extent of the problem is likely underestimated because the reporting of speeding-related crashes is inconsistent. Speeding can result in loss of vehicle control, which increases both the likelihood of a crash and the severity of injuries sustained. Higher vehicle speeds lead to larger changes in velocity, which, in turn, lead to higher injury severity-that’s just basic science.

Speed-limiters on large trucks, automated enforcement, expert speed analysis tools, and education campaigns are underused in our communities. These critical tools and strategies must be implemented to address this safety problem.”

Verra Mobility CEO David Roberts added, “We appreciate the NTSB’s validation of the benefits speed safety cameras can have on traffic safety.  From New York, NY to New Orleans, LA; Philadelphia, PA to Federal Way, WA; Washington, DC to Athens, GA; and dozens of communities across the country, Verra Mobility speed safety cameras are helping municipalities curb the number of speed-related collisions, injuries, and fatalities. The message from the NTSB is clear: speed safety cameras save lives.”

Speed safety cameras are a proven technology to change behavior and save lives. According to published reports, in New York City, speeding in school zones was reduced by 63% after speed safety cameras were introduced.1 A University of Washington study looking at four locations in Seattle found speeding violations in school zones decreased nearly 50% after speed safety cameras were installed.2

The complete NTSB report can be found here: https://www.ntsb.gov/news/press-releases/Pages/NR20210406.aspx.

About Verra Mobility

Verra Mobility (NASDAQ: VRRM) is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company operating in more than 15 countries, Verra Mobility sits at the center of the mobility ecosystem – one that brings together vehicles, devices, information, and people to solve the most complex challenges faced by our customers and the constituencies they serve.

Verra Mobility fosters the development of safe cities, partnering with law enforcement agencies, transportation departments and school districts across North America, operating thousands of red-light, speed, bus lane and school bus stop arm safety cameras. It also serves the world’s largest commercial fleets and rental car companies to manage tolling transactions and violations for millions of vehicles. A leading provider of connected systems, Verra Mobility processes millions of transactions each year through connectivity with more than 50 individual tolling authorities and more than 400 issuing authorities. For more information, visit www.verramobility.com.

1 2014-2017 NYCDOT Automated Speed Enforcement Program Report.

2 Impact of Automated photo enforcement vehicle of speed in school zones: interrupted time series analysis, published, October, 2018, University of Washington School of Medicine and Drexel University Researchers.

Verra Mobility Contact: Shelby Larriva     
[email protected]                                         
Phone: (480) 443-7000

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/verra-mobility-applauds-national-transportation-safety-board-ntsb-inclusion-of-automated-speed-enforcement-on-the-20212022-most-wanted-list-of-transportation-safety-improvements-301265135.html

SOURCE Verra Mobility

Posted on

SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Plug Power Inc. and Encourages Investors to Contact the Firm

NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG).

Plug Power is a developer of hydrogen fuel cell solutions focused on electric motors. According to a recently filed complaint, the Company and its senior management failed to disclose to investors that Plug Power suffered from material weaknesses in its internal controls over financial reporting, including with respect to the classification of certain costs and the recoverability of the right to use assets with certain leases.

The truth regarding Plug Power’s weaknesses in its internal control over financial reporting was revealed on March 2, 2021, when the Company filed a Notification of Late Filing with the U.S. Securities and Exchange Commission. In that filing, Plug Power stated that it could not timely file its annual report for the period ended December 31, 2020 because it was completing a “review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.” On this news, shares fell $3.68 per share, or 7%, to close at $48.78 on March 2, 2021.

Thereafter, on March 16, 2021, Plug Power announced that it would restate its financial statements for fiscal years 2018 and 2019, as well as quarterly reports for 2019 and 2020. By March 17, shares had declined to a closing price of $39.33 per share, down from a March 1 closing price of $52.46 per share.

If you purchased Plug Power securities between November 9, 2020 and March 1, 2021, inclusive, you have until May 7, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. To participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at [email protected].  

Whistleblowers: Persons with non-public information regarding Plug Power should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

Contact

Lowey Dannenberg P.C.
44 South Broadway, Suite 1100 
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]



Posted on

FLEETCOR® Invests in UK Electric Vehicle Re-Charging Software Company

FLEETCOR® Invests in UK Electric Vehicle Re-Charging Software Company

EV Business Model in the U.K. Could Translate Worldwide

ATLANTA–(BUSINESS WIRE)–FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has made a minority investment in Mina, a cloud-based digital software platform that simplifies charging and payments management for commercial fleets with electric vehicles (EVs).

The Mina platform integrates with home and work charging points throughout the United Kingdom, to accurately capture energy costs. Mina is the UK’s only EV charging solution which credits payment for the drivers’ energy used while charging at home for business purposes to their energy provider, eliminating cumbersome expense reimbursement processes. This makes paying for EV re-charging accurate and easy for employers and employees. By removing the payment complexities traditionally associated with expense reclaim and EV charging, FLEETCOR® can provide the Mina solution to commercial fleet customers transitioning to EV.

“The Mina EV investment is the first step in our plan to support our fleet clients’ needs to both re-fuel and re-charge their company vehicles, whether on the road or at home. Early market adoption suggests our clients value Mina’s re-charge energy capture and automatic utility payment, and are supportive of paying a software subscription fee for the simplicity and integration,” said Ron Clarke, FLEETCOR Chairman and CEO.

“By 2025, 75 percent of all EVs will be owned by businesses. For drivers, their homes will be an important location to charge vehicles. Most fleet operators want to support home charging, but are challenged in how best to handle driver reimbursement,” said Ashley Tate, Mina co-founder and CEO. “Our award-winning technology offers businesses the simplest solution.”

For a comprehensive view into FLEETCOR’s perspective on the adoption of EV among commercial fleets, watch this video on our Investor website.

About FLEETCOR®

FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize, and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

About Mina

Mina is an award winning Electric Vehicle (EV) charging payment startup with a mission to make EV charging radically simple. Mina has the UK’s only charging solution which allows fleet vehicles to be charged at home, crediting payment for the drivers’ energy used directly to their energy supplier. This makes paying for EV charging accurate and easy for employers and employees. For more information, please visit www.mina.co.uk.

Investor Relations

Jim Eglseder, 770-417-4697

[email protected]

Media Relations

Chad Corley, 770-729-5021

[email protected]

KEYWORDS: Europe United States United Kingdom North America Georgia

INDUSTRY KEYWORDS: Technology Alternative Vehicles/Fuels Finance Automotive Banking Accounting Professional Services Software Fleet Management

MEDIA:

Logo
Logo
Posted on

Sale of Shares by Dollarama Insiders

PR Newswire

MONTREAL, April 8, 2021 /PRNewswire/ – Dollarama Inc. (TSX: DOL) (“Dollarama” or the “Corporation”) announced today that three insiders, namely GRI Investments Inc., a private corporation controlled by the Rossy family, The Rossy Foundation, and Neil Rossy, have agreed to sell respectively 618,369, 1,205,066 and 376,565 common shares of Dollarama in block trades to a financial institution, representing an aggregate of 2,200,000 common shares of Dollarama.

Once the trades are settled, GRI Investments Inc. will hold 3,646,245 common shares, The Rossy Foundation will hold 7,127,657 common shares, and Neil Rossy will hold personally 2,313,183 common shares (in addition to 384,000 options vested and exercisable), representing, in aggregate, 13,087,085 common shares or approximately 4.2% of the Corporation’s total number of common shares issued and outstanding.

Proceeds from the sale of shares by The Rossy Foundation will be used to fund existing commitments to charitable organizations. The decision by GRI Investments Inc. and Neil Rossy to sell a portion of their holdings in Dollarama was made for financial diversification purposes. Trades are expected to close on or about April 12, 2021.

About Dollarama

Dollarama is a recognized Canadian value retailer offering a broad assortment of consumable products, general merchandise and seasonal items both in-store and online. Our 1,356 locations across Canada provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Select products are also available, by the full case only, through our online store at www.dollarama.com. Our quality merchandise is sold at select, fixed price points up to $4.00.

Dollarama also owns a 50.1% interest in Dollarcity, a growing Latin American value retailer. Dollarcity offers a broad assortment of consumable products, general merchandise and seasonal items at select, fixed price points up to US$3.00 (or the equivalent in local currency) in El Salvador and Guatemala and up to the equivalent of US$4.00 in local currency in Colombia through its 264 conveniently-located stores.

About The Rossy Foundation

The Rossy Foundation is a Montreal-based private foundation that was established in 2004. Its mission is to contribute to civil society and to improve the lives of Canadians with a focus on cancer care, mental health, civic engagement, education and the arts. It is committed to supporting the vibrancy of Montreal and also funds charitable organizations across Canada and internationally within its areas of focus.

Cision View original content:http://www.prnewswire.com/news-releases/sale-of-shares-by-dollarama-insiders-301265121.html

SOURCE Dollarama Inc.