Market Newsdesk

COLD SPRING HARBOR, N.Y., April 05, 2021 (GLOBE NEWSWIRE) — Members of the non-profit Association of BellTel Retirees, Inc. will present two proxy proposals this year on behalf of retiree shareholders at the Verizon (NYSE:VZ) virtual annual shareowners meeting, May 13, 2021.

Retirees aim to be an integral check against excessive senior management compensation and governance practices not aligned with shareowner interests.

The group is again targeting Golden Parachutes, with a measure (Item #6) to require shareowner approval of new and renewed senior executive compensation packages that include severance or termination payments more than 2.99 times base salary plus target short-term bonus. A similar proposal earned 43.5% support in 2020.

This measure seeks to bring current payment structures in line with a formula derived from a 2003 BellTel-backed proxy which won the support of 59% of shareowners. That shareowner mandate has since been effectively circumvented because the company does not consider the value of paying out unearned RSU’s (Restricted Stock Units) and PSU’s (Performance Stock Units) if a senior executive terminates after a change in control and in some other circumstances.

BellTel aims to provide shareowner scrutiny over exit packages like the one available to Verizon CEO Hans Vestberg. As disclosed in the 2021 Proxy, Verizon estimates that Vestberg would receive a payout worth $39.4 million, or more than seven times his 2020 base salary plus short-term bonus, upon termination after a change in control.

“During a pandemic, when so many people are out of work, who would oppose a ‘reasonable’ severance in the right circumstances?” asked BellTel Chairman Jack Cohen. “Some of these golden parachutes are so huge they make no economic sense and hurt the shareholders, who ought to have a say when they are above a certain size. Verizon should stop using accounting gymnastics to avoid a shareholder vote on these enormous exit packages.”

The group is also revisiting its proposal to amend Verizon’s Senior Executive Clawback Policy (Item #5).   Currently, it permits cancellation or recoupment of cash and equity-based compensation only when executives engage in “willful misconduct” resulting in a material restatement of the corporation’s financial results.

The retirees believe this standard is too vague and propose changing the wording to “conduct,” and not only limited to financial harm. The proposal would further ensure shareholders are given transparent results of any investigation of these incidents.

“The issue of ‘willful misconduct’ ascribes a motive to any such actions, which is very easy to challenge but very difficult to prove,” said Mr. Cohen. “In cases of misconduct, it is the position of the Association that financial consequences should be incurred regardless of intent.”

Founded in 1996, the Association of BellTel Retirees Inc., have long championed Verizon retiree shareholder rights, including 11 proxy measures that have led to changes in corporate governance, three by outpolling the company in the shareowner vote.

Media Contact:  Butler Associates, LLC. Strategic Communications
Tom Butler 646.213.1802 [email protected]
Jason Fink 646.213.1369 [email protected]

SAN FRANCISCO, April 05, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges XL Fleet Corp. (NYSE: XL) investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period:	Oct. 2,2020 – Mar. 02, 2021
Lead Plaintiff Deadline:		May 7, 2021
Visit:	www.hbsslaw.com./investor-fraud/XL
Contact an Attorney Now:			[email protected]
			844-916-0895

XL Fleet Corp. (NYSE: XL) Securities Fraud Class Action:

The complaint alleges that: (1) XL’s sales pipelines was materially inflated; (2) XL grossly overstated its customer base; (3) XL’s technology had been materially overstated and did not provide customers the represented cost savings; and (4) that XL lacks the supply chain and engineers to roll out new products on the announced timelines.

The truth emerged on Mar. 3, 2021, when analyst Muddy Waters published a report calling XL “More SPAC Trash.” Based on interviews with former employees, Muddy Waters claimed that salespeople “were pressured to inflate their sales pipelines materially,” and that “customer reorder rates are in reality quite low” due to “poor performance and regulatory issues.” The report also alleged that “at least 18 of 33 customers XL featured were inactive.” Muddy Waters also claimed that XL has “weak technology” and that “XL’s announcement of future class 7-8 upfits seems highly promotional” because the task is “too technologically complex for XL engineers to deliver on the promised timeline.”

Then, on Mar. 4, 2021, after XL issued a denial, Muddy Waters criticized XL’s “placeholder response,” tweeting, “We spoke to a fleet manager for one of the companies XL brags about in its response. He said MPG gains only ~10%, not 25%. He said didn’t help for highway driving. Also his company bought at a deep discount. Tell. The. Truth.”

In response, the Company’s share price declined $5.55, or 33% over three trading days.

Then, on Mar. 10, 2021, after XL issued a more detailed response, Muddy Waters released another report, observing that XL did not deny key allegations, including (1) its inflated pipeline, (2) overstated customer base, and (3) low customer reorder rates.

Finally, on Mar. 31, 2021, XL announced its Q4 and FY 2020 financial results missing Q4 consensus revenue expectations by nearly 10%.   Moreover, XLforecasted Q1 2021 revenues of just $1 million, or just over 90% lower than Q4 2020 and just 1% of the $75 million total FY 2021 the company previously forecasted on Nov. 12, 2020, blaming the dim outlook on chip shortages.Muddy Waters tweeted that during the earnings call, “Cannacord analyst asked about 90% sales drop QoQ in Q1, saying that doesn’t square with chip shortage-related issues he’s seen elsewhere.”

In response, the price of XL shares sharply dropped in after-hours trading.

“We’re focused on investors’ losses and proving XL misled investors by exaggerating its order backlog,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are an XL investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding XL Fleet 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. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman


Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895 

VANCOUVER, British Columbia, April 05, 2021 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report assay results from an additional 12 RC drill holes completed at its Cerro Caliche gold project in Sonora, Mexico. Results reflect strategic drilling recently concluded at the Buena Suerte gold mineralized zone as well as at the adjacent Buena Vista extension of the Japoneses zone. One additional drill hole was completed at the northern extension of the Japoneses zone, and another two drill holes were completed at the El Colorado gold mineralized zone.

The map below shows the location of the 12 RC drill holes as well as the proximity between the Buena Suerte and Japoneses gold mineralized zones.

https://sonorogold.com/wp-content/uploads/2021/04/12-RC-Drill-Holes-Location-Map.pdf

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ccd0d8e-5ed8-4fa8-a20a-522fde43e1fe

This very successful drilling program will be temporarily concluded this month, following the completion of the current phase of approximately 34,000 meters of drilling. The program was expanded and extended for the purpose of increasing the potential resource in the new NI 43-101 Technical Report and Preliminary Economic Assessment (PEA) to conceptually support a materially larger Heap leach Mining Operation (HLMO) than originally intended. Drilling is scheduled to resume following receipt of the 43-101 Technical Report and the PEA, in conjunction with receipt of project financing.

Highlights are as follows:

• Drill hole SCR-223 in the north western extension of Buena Suerte intercepted 74.67 meters averaging 0.605 g/t Au including three intervals of 1.52 meters averaging up to 3.677 g/t Au.
• Drill hole SCR-222 in the Buena Vista northwest extension of Japoneses intercepted 15.24 meters averaging 2.039 g/t Au including 6.1 meters averaging3.150 g/t Au.
• Drill hole SCR-227 in the northern extension of Japoneses intercepted 3.05 meters averaging 1.743 g/t Au including 1.53 meters averaging 2.538 g/t Au.
• Drill hole SCR-225 at El Colorado intercepted 7.62 meters averaging 1.164 g/t Au including 3.05 meters averaging 2.314 g/t Au.

Drilling results continue to demonstrate the potential coalescence of the Japoneses and Buena Suerte zones with results from the Buena Vista extension suggesting the potential of all three zones combining into a single body of shallow, oxide gold mineralization. If confirmed, a single larger gold mineralized zone of approximately 650 meters in width by approximately 700 meters in length may prove to have significant and positive economic implications for the Company’s proposed Heap Leach Mining Operation (HLMO).

The image below illustrates a 1-kilometer cross section of the concession’s Central Zone.

https://sonorogold.com/wp-content/uploads/2021/04/Cross-Section-Central-Zone.pdf

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/773b981d-80db-4887-9dc8-2608d567a0d2

Buena Suerte Zone Enhanced
Buena Suerte has developed into a significant zone of gold mineralization with 50 drill holes confirming a length of 900 meters and the presence of numerous vein splays. High-grade intercepts demonstrate wider zones of stockwork to disseminated forms of mineralization with interval widths ranging from 10 meters to 74 meters.

The image below illustrates a 900-meter longitudinal section of selected drill holes at Buena Suerte.

https://sonorogold.com/wp-content/uploads/2021/04/Longitudinal-Section-Buena-Suerte.pdf

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68590a23-8b5e-46d0-8b0f-c9adc99f43e8

In the southernmost extension of the zone, and approximately 50 meters southeast of the previously reported drill hole SCR-219, drill hole SCR-221 intercepted 6.1 meters averaging 2.301 g/t Au including 1.52 meters averaging 6.955 g/t Au. Both drill holes tested the same vein system within close proximity to where the vein intersects a northwest-oriented splay.

In the northwestern extension, and 50 meters south of previously reported drill hole SCR-109, new drill hole SCR-223 intercepted multiple mineralized intervals including 4.57 meters averaging 0.851 g/t Au from surface and 74.67 meters averaging 0.605 g/t Au which included three high-grade intervals of 1.52 meters each averaging 3.677 g/t, 2.305 g/t and 1.536 g/t Au respectively.

In central Buena Suerte, drill hole SCR-125 was re-entered and deepened where it intercepted 10.67 meters averaging 1.363 g/t Au, including two high-grade intercepts of 3.05 meters averaging 4.196 g/t Au and 1.52 meters averaging 6.729 g/t Au.

Drill hole SCR-125 is located in between the previously reported drill hole SCR-142 to the north, and drill hole SCR 143 to its south, with approximate spacings of 35 meters. Both SCR-142 and SCR-143 also intercepted multiple mineralized intervals, with SCR-142 intercepting 12.19 meters averaging 1.24 g/t Au and SCR-143 intercepting 12.19 meters averaging 0.72 g/t Au.

Buena Vista Vein Zone Extended
The Buena Vista mineralized zone is now confirmed as the northwest extension of the Japoneses zone where the western boundary is structurally controlled by a large fault and vein structure, known as the Buena Vista Vein Zone. The extension was defined with five drill holes spaced 30 to 50 meters apart spanning approximately 150 meters along the western flank of the Buena Vista fault.

The image below illustrates a 600-meter longitudinal section of drill holes at Buena Vista.

https://sonorogold.com/wp-content/uploads/2021/04/Longitudinal-Section-Buena-Vista.pdf

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86f44dbf-15f5-4f12-9ca7-4d96d599aaa9

Highlights include:

• SCR-222 intercepted 15.24 m averaging 2.039 g/t Au; including 6.1 m averaging 3.150 g/t Au
• SCR-224 intercepted 7.62 m averaging 0.698 g/t Au; and 3.05 m averaging 0.676 g/t Au.
• SRC-226 intercepted 1.52 m averaging 1.36 g/t Au from surface.

Pending additional assay results are expected to further define the northwest extension of the Buena Vista mineralization zone.

To the immediate west of the Buena Vista vein zone, the presence of outcropping quartz veins and stockwork demonstrate conduits for the transportation of gold containing mineralizing fluids and likely confirm a western expansion of approximately 150 meters to the Buena Suerte gold mineralized zone.

Five additional drill holes planned for this week on the west flank of Buena Vista will investigate the zones potential coalescence with the east flank of Buena Suerte. As noted above, the possible economic implications of the combined zones may prove advantageous for the proposed HLMO. A larger single body of shallow, oxide gold mineralization suggests the potential for a large single pit which may reduce stripping ratios and increase transformation of waste rock into gold mineralization.

Japoneses Zone
Approximately 150 meters east of Buena Vista, within the northern extension of the Japoneses gold mineralized zone, infill drill hole SCR-227 intercepted 3.05 meters averaging 1.743 g/t Au including 1.53 meters averaging 2.538 g/t Au.

El Colorado Zone Definition
Two targeted drill holes were completed in the El Colorado mineralized zone to increase understanding of the structural geometry concept for El Colorado and extend its mineralized zones.   SCR-225 intercepted 10.66 meters averaging 0.468 g/t Au and 3.05 meters averaging 0.466 g/t Au as well as 1.52 meters averaging 2.049 g/t Au. Further downhole, the same drill hole intercepted 7.62 meters averaging 1.164 g/t Au including 3.05 meters averaging 2.314 g/t Au.

Drill hole SCR-229 targeted a new El Colorado vein structure where it intercepted 3.05 meters averaging 1.332 g/t Au including 1.52 meters averaging 2.513 g/t Au. Pending drilling results are expected to further define the gold mineralization in and around El Colorado.

Mel Herdrick, Sonoro’s VP, Exploration stated, “These latest drill results, together with the planned drilling over the next week will help to further define the gold zones discussed, as the mineralized bodies are being outlined and quantified. I am pleased all drill holes cut gold mineralization in the four zones. I also note that stockwork style mineralization with good gold grades was intercepted at El Colorado above the vein zones in areas we had previously modelled to be sterile.”

Sonoro’s Chairman John Darch added, “I am extremely pleased with our continued very positive developments on all fronts. The Buena Suerte drilling results are a strong indication of not only establishing that zone as a major area of gold mineralization but also, when those results are combined with the drill results from Buena Vista, we may be able to demonstrate the viability of a single very large pit for all three zones with the attendant economic advantages. It was for these reasons that management elected to intensify and extend the drilling campaign which has boosted our confidence that the upcoming Preliminary Economic Assessment (PEA) will support our longstanding conceptual plans for the development of an HLMO having an operating capacity of 15,000 to 20,000 tons per day. The recently announced current $2 million equity raise will cover the additional direct and associated costs of this highly productive program expansion and extension and should fund Sonoro through to the PEA and securing project debt financing.”   

Assay Results

Cerro Caliche Project, Holes Composites with Cut-off 0.15 g/t Au
Hole	Target		From	To	Interval	Au	Ag	AuEq
			Meters			g/t	g/t	g/t
SCR-125	BUENA SUERTE		4.57	7.62	3.05	0.366	9.0	0.497
		and	83.82	86.87	3.05	0.249	0.5	0.256
		and	91.44	102.11	10.67	1.363	31.7	1.816
		includes	91.44	94.49	3.05	4.196	96.8	5.579
		including	91.44	92.96	1.52	6.729	153.0	8.915
		and	112.78	120.40	7.62	0.571	4.0	0.629
		and	124.97	128.02	3.05	0.610	1.1	0.625
		and	135.64	138.68	3.04	0.224	7.4	0.330
Cerro Caliche Project, Holes Composites with Cut-off 0.15 g/t Au
Hole	Target		From	To	Interval	Au	Ag	AuEq
			Meters			g/t	g/t	g/t
SCR-221	BUENA SUERTE	and	9.14	10.19	3.05	0.280	1.4	0.300
		and	36.58	39.62	3.04	0.179	0.5	0.185
		and	42.67	45.72	3.05	2.483	3.3	2.529
		includes	42.67	44.20	1.53	4.397	4.5	4.461
		and	53.34	56.39	3.05	0.318	1.1	0.334
		and	100.58	103.63	3.05	0.923	6.7	1.018
		and	111.25	117.35	6.10	2.301	0.7	2.312
		includes	112.78	114.30	1.52	6.955	1.0	6.969
SCR-222	BUENA VISTA		3.05	6.10	3.05	0.569	0.9	0.582
		and	39.62	54.86	15.24	2.039	1.7	2.063
		includes	45.72	51.82	6.10	3.150	2.8	3.189
		including	47.24	48.77	1.53	3.994	3.3	4.041
SCR-223	BUENA SUERTE		0.00	4.57	4.57	0.851	3.7	0.903
		includes	0.00	1.52	1.52	1.533	7.0	1.633
		and	10.67	13.72	3.05	0.252	1.0	0.266
		and	27.43	35.05	7.62	0.260	1.9	0.288
		and	41.15	115.82	74.67	0.605	3.1	0.654
		includes	79.25	80.77	1.52	1.536	12.5	1.715
		includes	82.30	83.82	1.52	3.677	12.2	3.851
		includes	94.49	96.01	1.52	2.305	9.8	2.445
SCR-224	BUENA VISTA	and	32.00	39.62	7.62	0.698	1.2	0.715
		and	56.39	59.44	3.05	0.676	0.2	0.679
SCR-225	EL COLORADO		13.72	24.38	10.66	0.468	5.3	0.544
		and	35.05	38.10	3.05	0.466	3.1	0.510
		and	45.72	47.24	1.52	2.049	9.5	2.185
		and	67.06	71.63	4.57	0.241	5.8	0.325
		and	89.92	92.96	3.04	0.275	6.8	0.371
		and	131.06	138.68	7.62	1.164	0.7	1.174
		includes	132.59	135.64	3.05	2.314	0.8	2.324
		including	134.11	135.64	1.53	3.114	0.9	3.127
SCR-226	BUENA VISTA		0.00	1.52	1.52	1.360	3.2	1.406
		and	24.38	28.96	4.58	0.293	2.3	0.326
		and	38.10	44.20	6.10	0.299	0.5	0.306
SCR-227	JAPONESES		0.00	3.05	3.05	0.229	1.5	0.250
		and	16.76	19.81	3.05	1.743	16.3	1.977
		includes	16.76	18.29	1.53	2.538	28.2	2.941
		and	25.91	36.58	10.67	0.369	0.9	0.383
		and	67.06	71.63	4.57	0.154	0.2	0.157
SCR-228	BUENA VISTA		0.00	19.81	19.81	0.358	1.5	0.380
Cerro Caliche Project, Holes Composites with Cut-off 0.15 g/t Au
			From	To	Interval	Au	Ag	AuEq
			Meters			g/t	g/t	g/t
SCR-229	EL COLORADO	and	25.91	28.96	3.05	1.332	1.5	1.353
		includes	25.91	27.43	1.52	2.513	2.5	2.549
		and	76.20	79.25	3.05	0.286	1.1	0.301
		and	82.30	86.87	4.57	0.342	1.1	0.358
		and	155.45	161.54	6.09	0.219	1.3	0.238
SCR-230	BUENA VISTA		0.00	3.05	3.05	0.217
		and	18.29	35.05	16.76	0.372
SCR-231	BUENA VISTA		19.81	22.86	3.05	0.500	20.4	0.790
		and	27.43	30.48	3.05	1.285	42.4	1.890
		and	68.58	74.68	6.10	0.217	2.6	0.254

Drill collar locations, azimuths and dips for the drill holes included are provided in the table below.

Drill Collar Locations (NAD 1927 UTM Zone 12N)
Drill Hole	Zone	Easting	Northing	Elevation	Depth (m)	Dip	Azimuth
SCR-125	Buena Suerte	536575	3364992	1364	146.3	-45	231
SCR-221	Buena Suerte	536627	3364699	1309	140.21	-45	235
SCR-222	Buena Vista	536597	3365313	1307	91.44	-45	235
SCR-223	Buena Suerte	536377	3365177	1382	115.82	-45	37
SCR-224	Buena Vista	536580	3365362	1299	64.01	-45	220
SCR-225	El Colorado	536094	3364551	1316	170.69	-72	223
SCR-226	Buena Vista	536573	3365381	1277	51.82	-45	235
SCR-227	Japoneses	536718	3365487	1268	100.58	-45	235
SCR-228	Buena Vista	536560	3365421	1261	39.62	-45	235
SCR-229	El Colorado	536195	3364653	1313	173.14	-73	199
SCR-230	Buena Vista	536563	3365466	1249	54.86	-45	235
SCR-231	Buena Vista	536601	3365483	1253	94.49	-45	235

Quality Assurance/Quality Control (“QA/QC”) Measures and Analytical Procedures
Drill samples are collected with an airstream cyclone and passed into a splitter that divides each sample into quarters. The quartered samples are then bagged and sealed with identification. The sample group has blanks, standards and duplicates inserted into the sample stream.

Bureau Veritas (BV) collects from the drill site the samples and transports them directly to the preparation laboratory in Hermosillo, Sonora. At the prep. laboratory, a split part of each sample (about 500 grams) is reduced through crushing, splitting and pulverization. Thirty grams of each pulverized sample is split apart in the Hermosillo laboratory and undergoes a “Fire Assay” for gold content by reducing the fire assay to a concentrated button of material that is dissolved in acids and the gold content determined by atomic absorption. About another 200 grams of each sample are sent by BV to their Vancouver, Canada laboratory and dissolved there in aqua regia for multi-element ICP analysis, including silver. No QA/QC issues were noted with the results received from the laboratory.

Geologic Description

Cerro Caliche is located 45 kilometers east southeast of Magdalena de Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico. Multiple historic underground mines were developed in the concession including Cabeza Blanca, Los Cuervos, Japoneses, Las Abejas, Boluditos, El Colorado, Veta de Oro and Espanola. Mineralization types of the Cucurpe-Sonora Mega-district include variants of epithermal low sulfidation veins and related mineralized dikes and associated volcanic domes. Local altered and mineralized felsic dikes cut the mineralized meta-sedimentary rock units and may be associated with mineralization both in the dikes and meta-sedimentary rocks.

Qualified Person Statement

Stephen Kenwood, P.Geo., a Director of Sonoro, is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release. Readers are cautioned that the presence of mineralization on historic mines adjacent to or on Cerro Caliche is not necessarily indicative of economic gold mineralization in the concessions held by the Company.

About Sonoro Gold Corp.

Sonoro Gold Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.

On behalf of the Board of Sonoro Gold Corp.
Per: “Kenneth MacLeod”
        Kenneth MacLeod
        President & CEO

For further information, please contact:
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: [email protected]

Forward-Looking Statement Cautions:

This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to, among other things, the Company’s plans for the exploration, development and operations at the above-described Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, including statements regarding the Company’s plans for additional exploration drilling, an anticipated update of the current resource estimate for Cerro Caliche to be included in a Micon International 43-101 technical report, and an independent PEA, both to be published in Q3 2021,, the expectation that the planned PEA will support the Company’s mine development plans, the anticipated completion of a $2.0M private placement financing and use of proceeds, anticipated coalescing of multiple mineralized zones, the results of pending assays, and other material conditions set out above on which the Company’s development plans are dependent. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective” and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable exploration and test results, unfavourable results of the contemplated PEA of the Cerro Caliche project, the lack of sufficient future financing to carry out exploration and development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements 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 statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at

www.sedar.com

.

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

SEATTLE, April 05, 2021 (GLOBE NEWSWIRE) — AGC Biologics, a leading global Biopharmaceutical Contract Development and Manufacturing Organization (CDMO), announced it will be attending Alliance for Regenerative Medicine’s virtual Meeting on the Mediterranean conference this week, from April 6 – 9, 2021 as a first-time attendee and Gold- and Agenda-level sponsor.

“We’re incredibly honored to be attending Meeting on the Med for the very first time as a CDMO with an industry-leading Cell and Gene Therapy offering,” says Mark Womack, Chief Business Officer at AGC Biologics. “Our team is extremely proud to offer our end-to-end Cell and Gene Therapy capabilities and offerings, and we’re grateful for ARM’s hosting of this event to allow us to connect with many others in the industry.”

“Our team has worked tirelessly to integrate and bring our Cell and Gene Therapy offerings into AGC Biologics,” says Patricio Massera, Chief Executive Officer at AGC Biologics. “We’re fully committed to doing our part to help shape the future of cell and gene therapy.”

The AGC Biologics Business Development and Marketing team will host a virtual booth at the conference, with a range of dynamic resources to showcase their cell and gene therapy expertise, as well as to host meetings with drug developers.

This announcement comes after recent news of an expansion at the company’s Center of Excellence for Cell and Gene Therapy in Milan, Italy last month, and the successful acquisition and integration of the Italy-based MolMed S.p.A facilities last summer.

About AGC Biologics:
AGC Biologics is a leading global biopharmaceutical Contract Development and Manufacturing Organization (CDMO) with a strong commitment to deliver the highest standard of service as we work side-by-side with our clients and partners, every step of the way. We provide world-class development and manufacture of mammalian and microbial-based therapeutic proteins, plasmid DNA (pDNA), viral vectors and genetically engineered cells. Our global network spans the U.S., Europe and Asia, with cGMP-compliant facilities in Seattle, Washington; Boulder, Colorado; Copenhagen, Denmark; Heidelberg, Germany; Milan, Italy; and Chiba, Japan and we currently employ more than 1,600 employees worldwide. Our commitment to continuous innovation fosters the technical creativity to solve our clients’ most complex challenges, including specialization in fast-track projects and rare diseases. AGC Biologics is the partner of choice. To learn more, visit www.agcbio.com.

About Meeting on the Mediterranean:
The Cell & Gene Meeting on the Mediterranean is the leading conference bringing together the ATMP community from Europe and beyond. Covering a wide range of commercialization topics from market access and regulatory issues to manufacturing and financing the sector, this program features expert-led panels, extensive one-on-one partnering capabilities, exclusive networking opportunities, and 80+ dedicated presentations by leading publicly traded and privately held companies in the space. Join ARM for Europe’s premier conference for advanced therapies. Learn more and register at www.meetingonthemed.com.

David Self
AGC Biologics
[email protected]