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KBR Achieves Carbon Neutrality as First Step in 2030 Net-Zero Carbon Goal

– Achieves carbon neutrality in 2019

– Publishes 2019 Sustainability & Corporate Responsibility Report

– Accelerates bold campaign to promote sustainability

PR Newswire

HOUSTON, Dec. 17, 2020 /PRNewswire/ — KBR (NYSE: KBR) today published its 2019 Sustainability & Corporate Responsibility Report and unveiled a bold sustainability agenda.

The company is implementing a dynamic and multifaceted plan that encompasses corporate environmental, social and governance (ESG) strategy, policies, procedures and management approaches focused on accelerating the company’s positive environmental and social impact. Underscoring this focus and commitment, the company announced it achieved carbon neutrality in 2019, increased gender diversity of its board of directors and its executive leadership team to one-third female, and linked achievement of the company’s ESG goals to executive compensation beginning in 2021.

Stuart Bradie, KBR President and CEO, said, “We are proud to be making such measurable progress this early in our sustainability journey. At the same time, we recognize there is much more work to be done. To ensure ESG remains a top priority for our leadership team and our organization, we are linking achievement of ESG objectives to our executive compensation beginning in 2021. We are confident this will further support our efforts to make a positive difference in the world.”  

Bradie continued, “In 2020, COVID-19 caused seismic shifts in the way we live and work. I’m proud to say that KBR has used this as an opportunity to embrace change, think differently and reimagine how we do business. We have strengthened our commitment to sustainable development, to do Zero Harm to People and Planet, and to build a prosperous, purpose-led business that contributes positively to the world in which we live.”

Carbon Neutrality

For 2019, KBR achieved carbon neutrality in its operations and business travel worldwide as verified by ClimatePartner, a leading third-party solution provider for corporate climate action. KBR reached this ambitious sustainability goal two years ahead of schedule by strengthening its internal sustainability efforts and examining its carbon footprint. KBR then offset its remaining 2019 carbon emissions to become carbon neutral by purchasing carbon credits from Wind Farms in India and from projects run by the Plastic Bank across the world. 

By measuring its 2019 carbon footprint, the company created a baseline from which to target reductions in carbon emissions over time. KBR is now developing a strategic climate action plan to achieve net-zero carbon emissions by 2030 and is committed to carbon neutrality for our operations and business travel until we achieve net-zero carbon emissions.

Sustainability Action Plan

In 2019, KBR also broadened its industry-leading Zero Harm safety culture to include its sustainability objectives. The campaign included the introduction of 10 key areas within the company, or pillars, where efforts will be focused to accelerate positive social and environmental impact. These Sustainability Pillars are aligned with the sustainable development goals outlined in the United Nations’ Decade of Action plan, which serves as a road map for KBR’s sustainability journey.

Bradie added, “We believe that Zero Harm is not only about doing what is right with regard to health and safety, but also about doing what is right for our planet, people, communities and business.”  

In addition, the company audited its business for projects, initiatives and technologies that facilitate positive environmental and social impact as part of its work with clients. The audit found more than 60 areas where the company is already increasing energy efficiencies; extending asset life; developing technologies to capture and sequester carbon; improving water efficiencies through innovative infrastructure; harnessing wind power through the development of floating wind farms and substations; developing electric vehicle charging platforms; and others. As a business with a wide scope of services, technologies and expertise, the company recognizes it has an incredible opportunity to drive positive change, innovation and improvements for key markets by assisting clients in their sustainability journey.

KBR is also using data to help inform hiring practices and internal policies to ensure parity and enhance inclusion and diversity. The company has demonstrated progress by expanding gender inclusion and diversity of its board and executive leadership team, as follows:

  • Increased board gender diversity to one-third female in early 2020 (from ~20% in 2019); and
  • Increased executive leadership team gender diversity to one-third female in 2020 (from 10% in 2019)

Sustainability & Corporate Responsibility Report

KBR has published its 2019 Sustainability & Corporate Responsibility Report, which showcases measurable progress related to its sustainability efforts and the positive steps the company is taking to drive change. The report is available at www.kbr.com/sustainability.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 40 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com  

Forward Looking Statement

The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company’s control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic; the company’s ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company’s ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company’s ability to manage its liquidity; the company’s ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company’s indemnities from its former parent; changes in capital spending by the company’s customers, including as a result of the COVID-19 pandemic; the company’s ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company’s ability to control its cost under its contracts; claims negotiations and contract disputes with the company’s customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.

KBR’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

 

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SOURCE KBR, Inc.

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Resolute Announces Appointment of Hugues Simon as President of Wood Products

PR Newswire

MONTRÉAL, Dec. 17, 2020 /PRNewswire/ – Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that Hugues Simon will join the company and be appointed as president of the wood products division as of March 1, 2021. His term will begin as of the date on which Remi G. Lalonde, currently Resolute’s chief financial officer, assumes the position of president and chief executive officer. Mr. Simon will report to Mr. Lalonde.

Mr. Simon, a native of Quebec, most recently served as president, BarretteWood, Inc., a producer of value-added wood products with operations in Canada and the United States. Previously, Mr. Simon worked for Resolute and its predecessor companies for seven years in corporate and division-based functions. Earlier in his career, he worked for a number of other forest products companies. Mr. Simon is a graduate of Sherbrooke University and is a certified public accountant.

“I am pleased to welcome Hugues back to Resolute. He is a strong, dynamic leader with depth of wood products experience and a record of delivering superior results,” stated Mr. Lalonde. “Resolute’s wood products business, already the largest east of the Canadian Rockies, will continue to be a focus of growth, and Hugues possesses the right skill-set and drive to propel the business forward.”

Cautionary Statements Regarding Forward-Looking Information

Statements in this press release that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements regarding the expected future financial results and strategic transformation of the Company. Forward-looking statements may be identified by the use of forward-looking terminology such as the words “will,” “could,” “may,” “should,” “believe,” “expect,” “continue,” “propel,” and other terms with similar meaning indicating possible future events or potential impact on our business or our shareholders.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on Resolute’s management’s current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties that could cause actual performance or outcomes to differ materially from those expressed or implied in this press release. The potential risks and uncertainties that could cause Resolute’s actual future financial condition, results of operations and performance to differ materially from those expressed or implied in this press release include, the potential risks and uncertainties described under the heading “Risk Factors” in Part I, Item 1A of Resolute’s annual report on Form 10-K for the year ended December 31, 2019, which have been heightened by the COVID-19 pandemic, including related governmental responses and economic impacts, market disruptions and changes in consumer habits, and which should be read in conjunction with the COVID-19 risk factor update set forth under the heading “Risk Factors” in Part II, Item 1A of the company’s quarterly report on Form 10-Q for the quarter ended September 30, 2020.

All forward-looking statements in this press release are expressly qualified by the cautionary statements set out or referred to above and in Resolute’s filings with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities. Resolute disclaims any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

About Resolute Forest Products

Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products and papers, which are marketed in close to 70 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.

Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.

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SOURCE Resolute Forest Products Inc.

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Gold Resource Corporation Approves Spin-Off of Fortitude Gold Corporation and Announces Record and Distribution Dates

COLORADO SPRINGS, Dec. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Gold Resource Corporation (NYSE American: GORO) (the “Company” and “Gold Resource”) announced today that its Board of Directors has approved the spin-off of Fortitude Gold Corporation (“Fortitude Gold”) and declared a pro rata distribution of 100% of the outstanding common stock of Fortitude Gold to shareholders of Gold Resource Corporation.  The Board of Directors has established the record date as the close of business on December 28, 2020 (the “Record Date”), and the distribution date as the close of business December 31, 2020 (the “Distribution Date”).  As a result of the distribution, Gold Resource shareholders of record will receive one (1) share of Fortitude Gold for every 3.5 shares of Gold Resource Corporation common stock they hold.  The ex-date is expected to be December 24, 2020, one business day prior to the record date.  Fractional shares of common stock will be distributed in connection with the Spin-Off except for shareholders who hold stock in “street name” at Depository Trust Company who will receive cash-in-lieu, as Depository Trust Company does not accept fractional shares.  Gold Resource shareholders will continue to own their shares of Gold Resource’s common stock. 

No action is required by Company shareholders to receive the distributed shares of Fortitude Gold common stock.  Gold Resource Corporation shareholders of record will receive a book-entry account statement reflecting their new ownership of Fortitude Gold stock or their brokerage account will be credited with Fortitude Gold shares.  The Fortitude Gold shares are expected to be credited to “street name” shareholders through Depository Trust Corporation (DTC) on the Distribution Date. 

A registration statement relating to the shares subject to the distribution has been filed with the Securities and Exchange Commission but has not yet become effective.  The shares of Fortitude Gold may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  The record date and the distribution date for the spin-off of Fortitude Gold may change depending on the effective date of Fortitude Gold’s registration statement.  This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

Fortitude Gold awaits approval from Financial Industry Regulatory Authority (“FINRA”) and the OTC Markets Group to begin publicly trading under a yet to be announced stock symbol.  There is no assurance when trading of Fortitude Gold common stock will begin.  Fortitude Gold will provide a subsequent press release with updated information regarding the trading of its common stock following receipt of such information from FINRA. 

Gold Resource common stock will continue to trade on the NYSE American under the symbol “GORO” through and after the Distribution Date. 

For U.S. federal income tax purposes, Fortitude Gold U.S. shareholders (other than those subject to special rules) generally should not recognize gain or loss as a result of the distribution.  Fortitude Gold shareholders are urged to consult with their tax advisors with respect to the U.S. federal, state and local or foreign tax consequences, as applicable, of the distribution. 

About GRC: 

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico. The Company targets low capital expenditure projects with potential for generating high returns on capital. The Company has reached milestones including a decade of production, generated over $1 billion in revenue and has returned $115 million to its shareholders in consecutive monthly dividends since July 2010. In addition, the Company also offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the Company’s 10-K for an understanding of the risk factors involved. 

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company’s 10-K filed with the SEC.

Contacts:

Corporate Development

Greg Patterson

303-320-7708


www.goldresourcecorp.com



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Venzee Technologies Announces Closing of $2.0M Private Placement

PR Newswire

Completed Financing to Accelerate Mesh Connector™ Revenue Growth

VANCOUVER, BC, Dec. 17, 2020 /PRNewswire/ – Venzee Technologies Inc. (TSXV: VENZ) (“Venzee” or the “Company”) is pleased to announce it has completed a non-brokered private placement consisting of the issuance of 36,363,636 units of the Company at a price of $0.055 per unit, for aggregate gross proceeds of $2,000,000 as announced by the Company on December 1, 2020 and updated on December 11, 2020.

The Company is very pleased by the support it received from Canadian investors with respect to the proceeds raised and continues to operate on-plan to meet market demand for intelligent technology to digitize and improve retail supply chain processes.

With respect to the private placement, each unit comprised one common share of the Company and one common share purchase warrant, with each warrant being exercisable for one common share at an exercise price of $0.11 per common share at any time up to 36 months following the closing date of the private placement. The warrants are also subject to acceleration in the event the volume-weighted average trading price of the common shares on the TSX Venture Exchange (TSX-V) is equal to or greater than $0.20 for a period of 10 consecutive trading days. In such case, the Company may, but shall have no obligation to, accelerate the expiry time of the warrants to a date that is 30 days following the date of issuance of a press release by Venzee announcing its intention to accelerate the expiry time.

In connection with the private placement, the Company has agreed to pay finders’ fees to certain registered brokerage firms, comprising the payment of an aggregate of $133,350 and the issuance of an aggregate of 2,424,545 compensation units upon the same terms and conditions as the units.

About Venzee Technologies, Inc.

Venzee (TSX-V VENZ) is a technology platform used by Global Brands to speed products to market and create competitive supply chain advantage. Venzee displaces costly, labor-intensive last-mile retail processes with a low-cost intelligent platform solution.

We believe intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. At Venzee, we’re building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.

Venzee’s mission is to unlock shareholder value by creating intelligent technology that removes friction from the global supply chain. Our products disrupt and displace inefficient manual processes in favor of integrated, machine-driven solutions.

To learn more about Venzee, visit venzee.com

On Behalf of the Board,

John Sexton Abrams

President and CEO
Venzee Technologies, Inc.
[email protected]
888-359-9299

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. 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, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2018, and the quarter ended August 29, 2019, which are available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.

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. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.

The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

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

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SOURCE Venzee Technologies Inc.

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PracticeSuite Announces Launch of Authorized Dealer Program

SILICON VALLEY, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) — PracticeSuite Inc, a leading cloud platform provider of Practice Management and Electronic Health Records, announced today the launch of its national Authorized Dealer Program. This initiative gives qualified organizations the opportunity to be a seller and representative of PracticeSuite’s advanced technology for ambulatory medical practices. 

This Program is an exclusive partnership designed to allow qualified dealers the opportunity to earn continual income with the accounts they sell and manage. All dealers become an integral part of the PracticeSuite family as it supports, educates, and assist in them in marketing and sales. PracticeSuite has experienced wide adoption across 163 billing and 60 clinical specialties with a nationwide client-base of 60,000 medical professionals using the system. The program will allow PracticeSuite to increase market share where there’s growing demand by allowing organizations to align with PracticeSuite as an Authorized Dealer, and help meet market demand and bring quality products and services to even more physicians across the nation.

“We’re pleased to offer our new Authorized Dealer Program,” states PracticeSuite CEO, Vinod Nair. “as about 50% of providers are still on legacy systems most of which are not able to meet the ever evolving technology needs of medical practices, particularly during COVID; PracticeSuite’s technology platform provides dealers the best opportunity for enduring revenue far into the future. During today’s difficult times we’re stepping up to offer our nation’s top vendors the ability to provide best of breed technology to their loyal medical practices.”

This added business model will focus on market distribution of PracticeSuite’s Practice Management, Telehealth, Patient Engagement, Electronic Health Records (EHR) and Revenue Cycle Management (RCM) services, along with a host of ancillary products and services. As PracticeSuite’s existing business model focuses on direct and partnership sales, the Authorized Dealer Network will introduce PracticeSuite to new markets, geographical territories and specialties. Authorized Dealers will have the important job of introducing its advanced Practice Management, EHR, and RCM services to new providers and facilities in need of the practice of the future, today.

About PracticeSuite

PracticeSuite is one of the top cloud-based practice management system, electronic health record software, telehealth, patient engagement portal, and RCM services provider. For information on Practice Suite’s Authorized Dealer Program and how to apply, contact Business Development’s Trey Wilson or apply via the PracticeSuite website.

Contact
Trey Wilson
(813) 335-4334
[email protected]



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Canterra Minerals Announces Closing of $3.9M Financing and Acquisition of the Wilding Lake Gold Project, Newfoundland

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION INTO THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

VANCOUVER, British Columbia, Dec. 17, 2020 (GLOBE NEWSWIRE) — Canterra Minerals Corporation (TSX-V:CTM) (“Canterra” or the “Company”) is pleased to announce the closing of the previously announced (November 9, 2020) share exchange agreement whereby the Company has acquired (the “Acquisition”) all of the issued and outstanding securities of Teton Opportunities Inc. (“Teton”) the closing of the previously announced (November 9, 2020 and December 7, 2020) non-brokered private placement of flow-through common shares and units for aggregate gross proceeds of $3,949,500 (the “Financing”) and closing the Debt Settlement (as defined below).

As previously announced, Randy C. Turner, who has served as the Company’s President and CEO since 1999, will be appointed Chairman of the board of directors of the Company and Chris Pennimpede, who joined the Company’s board of directors at the Company’s AGM on December 15, 2020, will be appointed as the Company’s President and CEO.

Mr. Pennimpede stated, “We would like to welcome our new shareholders who participated in the financing and thank existing holders who increased their ownership. Canterra is fortunate to a group of long-term shareholders who believe in the potential in our gold exploration strategy in Newfoundland. We are currently planning for a Q1 2021 start for follow-up and discovery drilling at our Wilding Lake gold project. We believe there is the opportunity to create significant value at Wilding Lake with our planned $2.75 million 2021 exploration program. We have also started to work through historical data and physical samples that were not previously submitted for analysis so that we can include this data into the current mineralization model for the Wilding Lake Project. I would like to thank Randy Turner for his years of hard work and dedication to Canterra Minerals and I look forward to working with him as Chairman of the Company. We would also like to thank Altius for their support throughout the transactions. We are fortunate to have a partner with such deep roots in Newfoundland.”

Teton is a private, arm’s‐length British Columbia company which holds an option with a subsidiary of Altius Minerals Corp. (together with the subsidiary, “Altius”) to acquire the Wilding Lake Gold Project located in central Newfoundland, Canada.

Wilding Lake Gold Project Highlights:

  • Five zones of gold mineralization identified through a 30-hole drill campaign in 2017, including: 10.01 g/t gold over 5.3m in hole WL-17-24 and 40.85 g/t Au over 0.5m in hole WL-17-01
  • Property package encompassing approximately 104 km2 of highly prospective geology coincident with 30km of strike along the Rogerson Lake structural corridor in Newfoundland
  • Located on strike with Marathon Gold’s Valentine Lake project as well as the Cape Ray gold deposit owned by Matador Mining
  • Marathon Gold’s land holding are adjacent to Wilding Lake Gold Project
  • Marathon Gold is an advanced stage gold development company that is advancing a feasibility study and permitting on the largest undeveloped gold resource in Atlantic Canada
  • Low cost of exploration as project is road accessible

Click here to view the Wilding Lake Gold Project map and click here for a detailed map of the gold zones identified.

Wilding Lake Project Plan:

  • Planning for a winter drill program to start in early 2021
  • Estimated 2020 exploration program expenditures of $2.75 million
  • Submitting 1,400 soil samples from the project that were never assayed for analysis
  • Compiling all historical data for modelling and analysis
  • Evaluating opportunities to grow the property position within the trend

Acquisition and Financing Details

In connection with the closing of the Acquisition, the Company has issued an aggregate of 9,677,250 common shares and 4,398,750 share purchase warrants, each warrant is exercisable to acquire one common share at a price of $0.24 for a period of 24 months from the date of closing. In accordance with the policies of the TSX Venture Exchange, all securities issued under the Acquisition are subject to a hold period of four months and one day from closing.

In addition, in connection with the closing of the Financing the Company has issued 21,150,000 flow-through common shares at a price of $0.13 per share and 10,000,000 units at a price of $0.12 per unit for aggregate gross proceeds of $3,949,500. Each unit is comprised of one common share and one half of one share purchase warrant, with each whole warrant exercisable to acquire one common share at a price of $0.24 for a period of 24 months from closing. No commission was paid in connection with the financing.

After giving effect of the Acquisition, the Financing, and the Debt Settlement (as defined below), Canterra will have 52,655,267 common shares issued and outstanding and 9,398,750 warrants exercisable to acquire one common share at a price of $0.24 for a period of 24 months from closing. All securities issued under the Acquisition, the Financing and the Debt Settlement are subject to a hold period of four months and one day from closing.

Trading of the Company’s common shares on the TSX Venture Exchange is anticipated to resume at market open on Tuesday, December 22, 2020 under its current symbol “CTM”.

Altius Shareholding

In connection with the closing of the acquisition, Altius acquired ownership and control over 4,398,750 common shares and 2,199,375 share purchase warrants (the “Altius Warrants”). Immediately prior to the Acquisition, Altius held no common shares of the Company. On completion of the Acquisition, Altius holds an aggregate of 4,398,750 common shares of the Company representing approximately 8.4% of the issued and outstanding common shares and 2,199,375 Altius Warrants. Assuming exercise of all of the Altius Warrants, Altius would hold 6,598,125 common shares, representing approximately 12.5% of the then issued and outstanding common shares. The Altius Warrants may not be exercised without the prior approval of the TSX Venture Exchange, where such exercise would result in Altius holding in excess of 9.9% of the then issued and outstanding common shares of the Company. Altius advises that it acquired the common shares for investment purposes, and has no present intention to acquire further securities of Company, although Altius may in the future participate in financings and/or acquire or dispose of securities of the Company in the market, privately or otherwise, as circumstances or market conditions warrant. The head office of Altius is located at 38 Duffy Place, 2nd Floor, St John’s, NL A1B 4M5. For further information regarding this acquisition by Altius, please contact Chad Wells, Vice-President, Business Development, Altius Minerals Corporation, Tel. 1-877-576-2206.

In satisfaction of the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (NI “62-103”), an early warning report respecting the acquisition of securities by Altius will be filed under the Company’s SEDAR profile at www.sedar.com.

Michael Gentile Investment

In connection with the closing of the private placement, and the Acquisition, Michael Gentile of Montreal, Quebec, (“Gentile”) acquired ownership and control over an aggregate of 9,263,925 common shares and 750,000 share purchase warrants (the “Gentile Warrants”). Immediately prior to the Acquisition and the private placement, Gentile held no common shares of the Company. On completion of the Acquisition and private placement Gentile holds and aggregate of 9,263,925 common shares of the Company representing approximately 17.6% of the issued and outstanding common shares and 750,000 Gentile Warrants. Assuming exercise of all of the Gentile Warrants, Gentile would hold 10,013,925 common shares, representing approximately 18.8% of the then issued and outstanding common shares of the Company. Gentile advises that he acquired the common shares for investment purposes and has no present intention to acquire further securities of Company, although Gentile may in the future participate in financings and/or acquire or dispose of securities of the Company in the market, privately or otherwise, as circumstances or market conditions warrant.

Debt Settlement

The Company also completed its previously announced shares for debt settlement (the “Debt Settlement”) pursuant to which it issued an aggregate of 2,841,530 common shares at a price of $0.12 per Share in settlement of an aggregate of $340,984 in outstanding debt, including the settlement of accrued management fees and expenses owing to Rand Explorations Ltd. (“Rand”), a company controlled by a Randy Turner, director of the Company.

Immediately prior to the debt settlement, Rand, and Mr. Turner held an aggregate of 1,129,211, common shares of the Company representing approximately 12.6% of the issued and outstanding common shares, plus 25,000 incentive stock options and 142,535 share purchase warrants (together, the “Rand Convertible Securities”). On completion of the debt settlement Rand and Mr. Turner hold an aggregate of 3,918,558 common shares of the Company representing approximately 7.4% of the issued and outstanding common shares of the Company and 167,535 Convertible Securities. Assuming exercise of all of the Rand Convertible Securities, Rand and Mr. Turner would hold 4,086,090 common shares, representing approximately 7.7% of the then issued and outstanding common shares of the Company. Each of Rand and Mr. Turner acquired the common shares for investment purposes and has no present intention to acquire further securities of Company, although Rand or Mr. Turner may in the future participate in financings and/or acquire or dispose of securities of the Company in the market, privately or otherwise, as circumstances or market conditions warrant.   A copy of the Early Warning Report filed by Mr. Turner with the applicable securities regulators in respect of the above acquisition is available at www.sedar.com under the Company’s SEDAR profile.

In satisfaction of the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of securities by Mr. Gentile and Mr. Turner will be filed under the Company’s SEDAR Profile at www.sedar.com.

About Wilding Lake

The Wilding Lake Project is comprised of the Wilding Lake, Noel Paul, Crystal Lake and Intersection gold properties, totaling approximately 104 km2, and includes 30 km of the Rogerson Lake structural corridor which runs for 200 kilometres diagonally across Newfoundland. The Rogerson Lake corridor hosts Marathon Gold’s Valentine Lake project as well as the Cape Ray gold deposit owned by Matador Mining. New gold discoveries on the Wilding Lake Project and continued success at Marathon Gold’s Valentine Lake project, directly southwest of Wilding Lake, indicate that the Rogerson Lake corridor is only recently emerging as a major area of gold endowment. Gold was first discovered at the Wilding Lake Project through forestry activity in 2016. Five zones of gold mineralization were identified by a previous operator through an initial 30-hole drill campaign in 2017.

In connection with the closing of the Acquisition, the Company has filed a Technical Report entitled “NI 43-101 Technical Report on the Wilding Lake Project, Central Newfoundland, Canada” prepared for Canterra Minerals Corporation, with an effective date of November 6, 2020, as prepared by Dave T.W. Evans, M.Sc., P.Geo.; an independent consultant and qualified person under NI 43-101, which can be viewed under Canterra Minerals’ issuer profile on SEDAR at www.sedar.com.

Qualified Person
All scientific and technical information in this press release, has been reviewed and approved by Christopher Pennimpede, P.Geo., who is a “qualified person” within the meaning of NI 43-101.

ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION

“Randy Turner”

Randy Turner, Chairman & Director

Additional information about the Company is available at www.canterraminerals.com
For further information, please contact: 778-241-0170
Email: [email protected]

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

Cautionary Note Regarding Forward-Looking Information

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding: the terms, conditions, and completion of the Acquisition, the Financing and the Debt Settlement; the business and operations of the Company; unprecedented market and economic risks associated with current unprecedented market and economic circumstances due to the COVID-19 pandemic, as well as those risks and uncertainties identified and reported in the Company’s public filings under its respective SEDAR profile at www.sedar.com. In making the forward- looking statements contained in this press release, the Company has made certain assumptions, including that: due diligence will be satisfactory; the Debt Settlement and Financing will be completed on acceptable terms; all applicable corporate, shareholder, and regulatory approvals for the Acquisition will be received. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: results of due diligence; availability of financing; delay or failure to receive board, shareholder or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

United States Advisory

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), have been or will be offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.



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4Front Ventures Completes Sale-Leaseback Transaction Generating Proceeds of $33 Million

PR Newswire

PHOENIX, Dec. 17, 2020 /PRNewswire/ – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”) is pleased to announce it has completed the sale and leaseback of its cultivation and production facilities in Olympia, WA and Georgetown, MA (the “Transaction”) with an affiliate of Innovative Industrial Properties, Inc., (NYSE: IIPR) (“IIP”).

This previously announced Transaction generated proceeds of US$33 million which were used by the Company to pay down the entire outstanding senior secured debt obligation to affiliates of Gotham Green Partners. The balance of the proceeds will be used for general corporate purposes.

“We are thrilled to enter into this new long-term real estate partnership with IIP,” said Leo Gontmakher, Chief Executive Officer of 4Front. “The successful closing of the Transaction marks a significant milestone in our stated strategy to further strengthen our balance sheet, providing the Company greater flexibility to fund its growth initiatives. The closing of the Transaction allows us to continue our laser focus on profitable growth within our core markets of Massachusetts, Illinois, California, Washington and Michigan.”

“We are excited to welcome 4Front to our premier tenant roster,” said Paul Smithers, President and Chief Executive Officer of IIP. “4Front has developed a strong footprint in their core operating markets, with a proven ability to execute and deliver a wide variety of high-quality, consistent cannabis products on a large scale. We look forward to continuing to support 4Front as they deepen their operations and strategic relationships in existing states and expand into new ones like California and beyond.”

In connection with this Transaction, 4Front issued LI Lending LLC (“LI Lending”) 12,135,922 class A subordinate voting share purchase warrants (the “Warrants”) on a private placement basis with a strike price of $0.824 USD (the “Private Placement”). The Warrants have a two-year expiration period and are being issued in exchange for LI Lending waiving security on the Georgetown property which was previously part of LI Lending’s collateral package.

The issuance of Warrants to LI Lending constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Private Placement is exempt form the formal valuation and minority approval requirements provided under MI 6-101 as the Company is not listed on specified markets and the fair market value (as determined under MI 61-101) of the Warrants exceeds 25% of the Company’s market capitalization (as determined under MI 61-101).

A material change report in respect of this related party transaction could not be filed earlier than 21 days prior to the closing of the Private Placement due to the fact that the details of the Private Placement were not finalized until shortly prior to the completion of the Transaction.

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About 4Front Ventures Corp.

4Front (CSE: FFNT) (OTCQX: FFNTF) is a national multi-state cannabis operator and retailer, with a market advantage in mass-produced, low-cost quality branded cannabis products. 4Front manufactures and distributes a portfolio of over 25 cannabis brands including Marmas, Crystal Clear, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.

Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan, and Washington state. From plant genetics to the cannabis retail experience, 4Front’s team applies expertise across the entire cannabis value chain. For more information, visit 4Front’s website www.4frontventures.com.

This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange (“CSE”) has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in 4Front Ventures’ periodic filings with securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business.

Although 4Front Ventures has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. 4Front Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/4front-ventures-completes-sale-leaseback-transaction-generating-proceeds-of-33-million-301195661.html

SOURCE 4Front

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Hot Shot’s Secret Launches Late Night Live Stream Talk Show; Introducing The Steve Sommers Overnight Drive Live from the Hot Shot’s Secret Studios

MT GILEAD, Ohio, Dec. 17, 2020 (GLOBE NEWSWIRE) — Former 700WLW America’s Truckin’ Network host Steve Sommers is returning to the airwaves with a new five hour live stream talk show direct from the brand new Hot Shot’s Secret studios. WLW-AM’s overnight America’s Truckin’ Network show broadcasted by iHeart radio reached a broad audience of overnight truckers and 3rd shift employees; actually anyone that was up and listening from midnight to 5:00 a.m. Now, Sommers is returning to his loyal fans with a live stream, live call-in talk show scheduled also from midnight to 5:00 a.m. thanks to longtime advertiser and supporter Hot Shot’s Secret.

Construction has already begun on the Hot Shot’s Secret studios in the Cincinnati, Ohio area that will be the new home for The Steve Sommers Overnight Drive live program. The new studios are scheduled to be fully completed by the end of 2020, as Hot Shot’s Secret is planning to launch the new streaming show in January of 2021. The initial motivation is to get Steve back on air as soon as possible, with long term plans of massive distribution. More details on when and where to find the new program are coming soon.

Chris Gabrelcik, Founder and CEO of Hot Shot’s Secret, is excited to move quickly to get Steve back to his loyal fans. With a unique history that goes back to the founding of Hot Shot’s Secret, Gabrelcik shared why this is so important. He says, “Hot Shot’s Secret would not be here today if it was not for the persistence of Steve to give me some airtime on his overnight show many years ago when I was first starting the company. The five hours I spent in his studio that very first visit resulted in an avalanche of orders for our product and we have never looked back ever since. Hot Shot’s Secret is now the fastest growing performance lubricant company in the U.S. and I will never forget those early days when Steve was there for us when we needed it the most. I, like many of Steve’s dedicated fans that have listened to him night after night over the years, was shocked to hear of his recent dismissal, but found it to be an excellent opportunity to bring Steve into our Hot Shot’s Secret family. He connects with truckers and all other callers in a way that people feel they can talk freely. I support that.”

Sommers adds, “I am excited to get back on the air. What you heard before from my show will be the same… frank talk. Trucking is a tough business, and so is radio. I actually started working in radio when I was just 15 years old in Cincinnati. Many relocations and radio stations later I had the opportunity to return to Ohio in 1996 to produce the radio show that my father, Dale “Truckin’ Bozo” Sommers started back in 1984. I then took over the show in 2004 and have enjoyed every moment with my overnight listeners. This is my life. And right now, I can see that one good turn deserves another as my friend Chris Gabrelcik is doing whatever it takes to make this show a reality. There are huge plans in the works. This is going to be an exciting new chapter for me and I can’t wait to connect with my listeners once again.”

Kyle Fischer, Hot Shot’s Secret Director of Branding & Promotions, added, “We have an initial launch plan of January 2021. From there, just hang on for the ride. Things will move quickly. Hot Shot’s Secret is developing major plans for 2021 to grow our brand presence in heavy-duty transportation which is where we got our start and our truckers remain to be our number one customer. Steve knows our product line inside and out after over a dozen years of our advertising on his show and the many times Chris has joined Steve in the studio for an overnight session of taking calls. We look forward to building a robust platform to broadcast this new live overnight show across multiple channels and to find new audiences, all while allowing Steve to do what he does best behind the microphone.”

For more information about the new five hour live stream talk show, The Steve Sommers Overnight Drive, visit www.OvernightDriveRadio.com. To see Chris and Steve discuss the full story about the relationship between Chris’ Hot Shot’s Secret brand and Steve’s overnight radio program, watch here. Keep up with the latest Hot Shot’s Secret company news and get ready for the first episode of the new live show by following Hot Shot’s Secret on their YouTube and Facebook social media channels. To find out more about this exciting new show, call 800-341-6516.

About Hot Shot’s Secret™

Powered by science and with a commitment to environmental stewardship, Hot Shot’s Secret offers a diverse line of high performance and preventative maintenance products including fuel and oil additives, engine and gear oil, greases, lubricants and lubricity additives, and coolants developed as problem-specific solutions for gas and diesel powered vehicles of all make and model. Major markets include heavy-duty, commercial fleet, motorsports, RV, agriculture and industrial. The company’s flagship product, Hot Shot’s Secret Stiction Eliminator, is the top selling brand for stiction removal.

About Lubrication Specialties Inc. (LSI)

Lubrication Specialties Inc. specializes in innovative product development with a focus on nano carbon lubrication technology to develop best-of-class problem-specific solutions for industrial equipment and engines across a broad list of markets – automotive, heavy-duty, RV, agriculture, fleet, powersports and power equipment. The company’s Hot Shot’s Secret high performance specialty formulated oils and additives for diesel and gas-powered engines is the fastest growing performance additive brand in the USA. LSI Owner and CEO, Chris Gabrelcik, is a Certified Lubrication Specialist (CLS) and Oil Management Analyst (OMA) and has assembled a talented team to grow the company organically and through acquisition. Since the company’s formation in 1997, LSI has expanded operations to include multiple divisions in addition to Hot Shot’s Secret – LSI Chemical, Frantz Filters, Fluid Recovery, GREM and Microwave Renewable Technologies.

PR Contact: Leslie Allen
615.429.7965
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80ab961d-d1dc-4640-a06e-dcdb3a6f01c2



Posted on

Extendicare Announces December 2020 Dividend of C$0.04 per Share

MARKHAM, Ontario, Dec. 17, 2020 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that it has declared a cash dividend of C$0.04 per common share of the Company (the “Common Share”) for the month of December 2020, which is payable on January 15, 2021 to shareholders of record at the close of business on December 31, 2020. This dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act (Canada).

About Extendicare

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, Esprit Lifestyle, ParaMed, Extendicare Assist, and SGP Purchasing Partner Network brands. We are committed to delivering quality care throughout the health continuum to meet the needs of a growing seniors population. We operate or provide contract services to a network of 122 long-term care homes and retirement communities (69 owned/53 contract services), provide approximately 8.5 million hours of home health care services annually, and provide group purchasing services to third parties representing approximately 79,400 senior residents across Canada. Our qualified and highly trained workforce of approximately 23,000 individuals is passionate about providing high quality services to help people live better.


Forward-looking Statements


Information provided by Extendicare from time to time, including this release, contains or may contain forward-looking statements concerning anticipated financial events, results, circumstances, economic performance or expectations with respect to Extendicare and its subsidiaries, including, without limitation, statements regarding its business operations, business strategy, and financial condition. Forward-looking statements can be identified because they generally contain the words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “objective”, “plan”, “project”, “will” or other similar expressions or the negative thereof. Forward-looking statements reflect management’s beliefs and assumptions and are based on information currently available, and Extendicare assumes no obligation to update or revise any forward-looking statement, except as required by applicable securities laws. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Extendicare to differ materially from those expressed or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on Extendicare’s forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare with the securities regulatory authorities, available at www.sedar.com and on Extendicare’s website at www.extendicare.com.

For further information, contact:

Jillian E. Fountain
Vice President, Investor Relations
Phone: (905) 470-5534; Fax: (905) 470-4003
Email: [email protected]
www.extendicare.com  



Posted on

ROSEN, GLOBAL INVESTOR COUNSEL, Reminds Raytheon Technologies Corporation f/k/a Raytheon Company Investors of Important December 29 Deadline in Securities Class Action – RTX, RTN

ROSEN, GLOBAL INVESTOR COUNSEL, Reminds Raytheon Technologies Corporation f/k/a Raytheon Company Investors of Important December 29 Deadline in Securities Class Action – RTX, RTN

NEW YORK–(BUSINESS WIRE)–
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Raytheon Technologies Corporation f/k/a Raytheon Company (NYSE: RTX, RTN) between February 10, 2016 and October 27, 2020, inclusive (the “Class Period”), of the important December 29, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Raytheon investors under the federal securities laws.

To join the Raytheon class action, go to http://www.rosenlegal.com/cases-register-1975.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; (2) Raytheon had faulty financial accounting; (3) as a result, Raytheon misreported its costs regarding Raytheon’s Missiles & Defense business since 2009; (4) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (5) as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice (“DOJ”); and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1975.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORDS: China United States North America Asia Pacific New York

INDUSTRY KEYWORDS: Legal Professional Services

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