Apollo Signs Definitive Acquisition Agreement to Create Significant US Pure Silver Exploration and Development Company

Apollo Signs Definitive Acquisition Agreement to Create Significant US Pure Silver Exploration and Development Company




Apollo Signs Definitive Acquisition Agreement to Create Significant US Pure Silver Exploration and Development Company

VANCOUVER, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) — Apollo Gold & Silver Corp. (“Apollo” or the “Company“) (TSX.V: APGO) is pleased to announce it has entered into a definitive acquisition agreement (the “Agreement”) dated May 11, 2021, to acquire all the issued and outstanding shares (the “Transaction”) of privately held Stronghold Silver Corp. (“Stronghold”). Stronghold holds rights to three large scale silver projects: Waterloo and Langtry in California and The Silver District in Arizona. Upon closing of the Transaction Apollo will become a leading US focused silver exploration and development company.

Highlights:

  • A US based pure silver opportunity with three advanced assets in mining friendly regions of Southeast California and Arizona;
  • Over 100 million (M) ounces of silver in one of three historic resources(1). Significant exploration upside;
  • US critical mineral status due to barite content and growing importance of silver in clean energy applications; and
  • Appointment of Tom Peregoodoff as President and CEO of the Company with further additions to the board of directors.

The combination of Apollo and Stronghold creates a team with deep technical and operational experience, a strong profile in capital markets and a broad and supportive shareholder base. The Stronghold silver assets represent some of the largest, undeveloped, advanced silver projects in the US. In addition, the assets are silver-barite systems with 10-12% barite, a mineral deemed critical to the US economy and sourced primarily through importation, with China the major supplier.

Commenting on today’s announcement, Apollo Chairman, Andrew Bowering said, “the signing of this agreement is a major achievement and a transformational moment for Apollo shareholders. We look forward to establishing the Company’s presence in the US and the silver sector as a major player as we focus our efforts on unlocking value at Waterloo, Langtry and The Arizona Silver District with new exploration activities. I am also delighted to welcome Tom Peregoodoff to our team. His experience, knowledge and relationships will be instrumental as we drive forward these high-profile projects.”

“With the definitive agreement signed we look forward to completing this transaction with our new partners at Apollo,” said James Hynes, Stronghold CEO. “We are very excited about the future for these projects as silver continues to build momentum in new, as well as traditional, applications. We are confident in the Apollo team’s ability to drive future value as we expand on the strong fundamentals of the combined assets.”

(1) See Cautionary Note regarding historic mineral resources presented below in Table 1. Reference to historic resources at Waterloo refer to Kirkpatrick, R.K, 1966, Waterloo Ore Reserve, Calico Mining District, Asarco Inc. Internal Report, dated December 1, 1966 and Waterloo Project, internal company report prepared by Pan American Minerals Corp., dated 2013, unpublished. Reference to historic resources at Langtry refer to Moran et al, 2012, NI 43101 Technical Report, Langtry Silver Project, San Bernardino County, California: prepared for Athena Silver Corp, April 2012. Reference to historic resources at Arizona Silver District refer to Fox, 1991, Summary Report, Orbex internal Company report, 1991, unpublished and NV Gold Corporation, 2020, Company news release dated January 13, 2020 [Online] available at https://www.nvgoldcorp.com/news/nv-gold-signs-binding-loi-for-option-to-acquire-10-1788/, [Accessed April 30, 2021].

Table 1 Historic Mineral Resources

Property Source Category Grade Tonnes Cutoff Ounces
Waterloo Pan American 2013 Unclassified 86 g/t Ag 37,079,349 20 g/t Ag 102,953,457
Langtry Moran et al., 2012 Indicated 1.48 opt Ag 12,700,000 0.76 opt Ag 18,809,000
    Inferred 1.40 opt Ag 30,400,000 0.76 opt Ag 42,623,000
Arizona Silver NV Gold, 2020 Unclassified 4.46 opt Ag 3,560,211 Unconstrained 15,883,500

The historical mineral resources discussed in this press release were calculated prior to the implementation of the standards set forth in NI 43-101 and current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Ore Reserves dated May 10, 2014). The reader is cautioned not to treat them, or any part of them, as current mineral resources or reserves. The estimates do not classify the resource as either a measured, indicated or inferred resource and, accordingly, readers should not assume it satisfies the requirements of any of such classifications. There is insufficient information available to properly assess the data quality, estimation parameters and standards by which the estimates were categorized. An independent Qualified Person (‘QP’), has not done sufficient work to classify the estimate discussed as current mineral resources or reserves and therefore the estimate should be treated as historical in nature and not current mineral resources or mineral reserves. The historical resources have been included simply to demonstrate the mineral potential of the projects. A thorough review of all historical data performed by a QP, along with additional exploration work to confirm results, would be required in order to produce a current mineral resource estimate for all projects.

Terms of the Transaction:

Under the terms of the Agreement, Apollo will issue a total of 40 M common shares to Stronghold shareholders on a share exchange ratio of one Apollo common share for one Stronghold common share (the “Exchange Ratio”).

The Transaction is expected to constitute a “fundamental acquisition” of Stronghold by the Company pursuant to TSX Venture Exchange (the “Exchange”) Policy 5.3 and will require approval of the Exchange and be subject to requirements the Exchange may impose. In addition, it is a condition of closing that Apollo must complete a financing of a minimum of C$35,000,000 (the “Concurrent Financing”) the details of which will be released in due course. There are a number of other closing conditions as are customary for transactions of this nature.

Finally, in the event the Transaction is not completed on or before June 30, 2021, the Agreement will terminate unless mutually agreed.

About the Stronghold Assets:

Pursuant to various option agreements, Stronghold holds the right to acquire a 100% interest in The Waterloo, Langtry and Arizona Silver District Projects.

Calico Project – Waterloo and Langtry

Upon close of the Transaction Apollo, will consolidate the Waterloo and Langtry projects under a single project to be known as the Calico Project. The Calico Project is located in the historic mining district of Calico located 16 kilometres (“km”) from Barstow California in San Bernardino County. Once the largest silver producing regions in the US (1882 – 1940), the project has had significant exploration work performed by previous operators including: Asarco (1964 – 1994) and Pan American Silver (1994 – 2020) at the Waterloo Project; and Superior (1967-1987) and Athena (2012-2020) at the Langtry Project.

The Waterloo Purchase Agreement

Stronghold USA, as Purchaser, and Pan American Minerals Inc (a wholly owned subsidiary of Pan American Silver Corp) (“Pan American”), as Vendor, entered into an asset purchase agreement dated January 22, 2021 (the “Waterloo Purchase Agreement”) which gave Stronghold the right to purchase 100% interest in the Waterloo Project for a consideration of US$25,000,000. Stronghold USA and Pan American have entered into subsequent amendments extending the closing of the transaction to May 31, 2021 in consideration of a non-creditable payment by the Purchaser to the Vendor of US$1,000,000 (paid) with a further extension to June 30, 2021 for consideration of a non-creditable payment by the Purchaser to the Vendor of an additional US$1,000,000 (unpaid). Pan American will retain a 2% Net Smelter Royalty on any future production of minerals from the project. To date, a total of US$2,750,000 in deposits have been paid to Pan American and will be credited against the total consideration.

In addition, within 15 days of the close of the Transaction, Apollo will issue to Pan American notice providing Pan American with ten business days to elect to receive either 1) an additional US$6,000,000 or 2) the equivalent of US$6,000,000 in common shares of Apollo based on the 10-day VWAP calculated 10 trading days after the close of the Transaction.

The Langtry Option Agreements

Athena Agreement

Stronghold as optionee and Athena Minerals Inc (“Athena”, a wholly owned subsidiary of Athena Silver Corporation) as optionor entered into an Option to Purchase Agreement dated December 21, 2020 which gives Stronghold the right to acquire 100% interest in certain lands forming a portion of the Langtry Project (“Athena Lands”) for an aggregate purchase price of US$1,000,000 to be made on or before December 21, 2025.

Terms of the option include US$15,000 upon closing (paid) and US$25,000 on each anniversary of the effective date. All payments made by the optionee to the optionor during the 24-month period prior to the full exercise of the option shall be credited against the purchase price.

Upon vesting of 100% interest, Stronghold will grant to Athena a 1% Net Smelter Royalty on any future production of minerals from the Athena Property subject to the royalty shall only apply on those Athena Lands that currently do not have existing royalties of 1% or higher such that at no time will any property have a royalty of greater than 2%.

Strachan Agreement

Stronghold USA, as optionee, and Bruce D. Strachan and Elizabeth Strachan as Trustees of the Bruce and Elizabeth Strachan Recoverable Living Trust dated 7-25-2007 (“Strachan”) as optionor entered into an Option to Purchase Agreement dated December 23, 2020 (the “Strachan Agreement”) which gives Stronghold the right to acquire 100% interest in lands forming a portion of the Langtry Project (“Strachan Lands”) for the aggregate purchase price of the greater of 1) US$5,200,000 or 2) spot price of 220,000 troy ounces of silver, on or before December 24, 2025.

Under the terms of the Strachan agreement Stronghold is required to pay US$100,000 on each anniversary of the effective date to keep the option in good standing. All payments made during the term of the option shall be applied to the purchase price.

Upon full exercise of the option, Stronghold will grant to Strachan the following royalties: 1) a 1% Net Smelter Royalty on any future production of silver from the Strachan Lands; 2) 5% gross royalty on all other mineral production and 3) 10% gross royalty on all other non-mineral production income derived from any other commercial use of the property.

Arizona Silver District Project

This district-scale property position is located in the heart of the historic Silver District in Southwest Arizona. The project covers over 2,000 acres and includes mineral title covering three major epithermal vein structures (West, Central, East), having a collective strike length of 13 kms. Previous drilling is limited to approximately 45 m vertical depth opening up significant discovery potential.

Stronghold USA as optionee and Gulf + Western Industries Inc (“Gulf”), as optionor, entered into an Option to Purchase Agreement dated January 22, 2021 which gives Stronghold the right to acquire 100% interest in lands forming the Arizona Silver District Project for an aggregate purchase price of US$2,000,000 to be made on or before January 22, 2026.

Terms of the option include 1) US$70,000 upon closing (paid); 2) US$100,000 and US$100,000 in common shares of Stronghold on 12 month anniversary of the effective date; 3) US$125,000 on 24 month anniversary and US$125,000 in common shares of Stronghold of the effective date; 4) US$175,000 and US$175,000 in common shares of Stronghold on 36 month anniversary of the effective date; 5) US$250,000 and US$250,000 in common shares of Stronghold on 48 month anniversary of the effective date; 6) US$300,000 and US$300,000 in common shares of Stronghold on 60 month anniversary of the effective date.

Additional bonus payments will be made by Stronghold in the following events; 1) US$250,000 and US$250,000 in common shares of Stronghold in the event the property becomes the flagship property of the company within 36 months of the effective date; 2) Stronghold declares a 43-101 compliant resource of at least 30 M ounces silver within 36 months of the effective date; 3) US$3,000,000 in the event that the price of silver exceeds US$125/ounce for ninety days on of before the 60 month anniversary of the effective date.

Following the completion of the Transaction all share issuances shall be made in Apollo common shares. All common shares shall be issued at a price equal to the prior 10-day VWAP and will be subject to Exchange approval.

Upon vesting of 100% interest, Stronghold will grant to Gulf a 2% Net Smelter Royalty on any future production of minerals from the property.

Changes to the Board and Management

In addition to the above Transaction, the Company is pleased to announce certain changes to its board of directors (“board”) and management. Effective May 1, 2021, Tom Peregoodoff will be appointed President and Chief Executive officer and will join the board. In addition, upon close of the Transaction, James Hynes will be appointed to the board of Apollo.

Simon Clarke will step down as CEO but remain on the board. The Company would like to thank Mr. Clarke for his valuable contribution and leadership and the vital role he has played in the growth of Apollo to date.

Incoming CEO, Tom Peregoodoff, commented, “I am very pleased to have the opportunity to join this dynamic group. I very much look forward to working with the team as we deliver on our stated objective of creating an intermediate US focused pure silver company and realize the value of our portfolio of high-quality advanced silver assets. I am also thrilled that Simon will remain on the board and continue to provide his counsel as we move forward.”

Tom Peregoodoff, President and Chief Executive Officer, Director

Mr. Peregoodoff has over 30 years of mineral resource exploration and development experience His last management position was President and CEO of Peregrine Diamonds Ltd. where he led the company from the resource development phase through to the eventual sale to DeBeers Canada in 2018.

Mr. Peregoodoff spent 18 years in several positions with the mining multinational BHP. His final role was Vice President of Early-Stage Exploration, with global responsibility for all early-stage exploration across their commodity groups.

Mr. Peregoodoff serves as a director of Pretium Resources Inc, Mountain Province Diamonds Inc. and Tempus Resources Limited of Perth, Australia. Mr. Peregoodoff holds a BSc. in Geophysics from the University of Calgary.

James Hynes, Director

Mr. Hynes, founder of Stronghold, is a geological engineer and entrepreneur with over 20 years of experience in the mining and metals sector. Mr. Hynes is also the Founder and Executive Chairman of both KORE Mining (KORE on the TSX.V) and Karus Gold (anticipated listing on the TSX.V in Q2 2021).

Qualified Person

Dean Besserer, P.Geo., Vice President Exploration, is a Qualified Person as defined by National Instrument 43- 101 and has reviewed and approved the technical content in this news release.

About Apollo Gold and Silver Corp.

Apollo Gold & Silver has assembled an experienced and technically strong leadership team who have joined to advance world class precious metals deposits in tier-one jurisdictions with focus on the Americas.

About Stronghold Silver

Stronghold Silver is a private US-focussed pure silver development company which has recently entered into definitive agreements to consolidate and advance three significant pure silver development projects in well established and prolific mining jurisdictions. The Calico Silver District Project is comprised of the historical Waterloo and Langtry Deposits, in San Bernardino California and Silver District Project in Arizona with significant historic drilling database with large exploration upside with new unexplored land packages.

ON BEHALF OF THE BOARD OF DIRECTORS

Simon Clarke

Chief Executive Officer

For further information, please contact:

Simon Clarke.
Chief Executive Officer, Director
Telephone: +1 (604) 551-9665
simonpclarke65@gmail.com

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 Statement Regarding “Forward-Looking” Information

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 the Company’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “appear”, “should,” and similar expressions, are forward-looking statements.

Although Apollo Gold and Silver Corp. 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. 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 news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Cautionary Statement Regarding Historic Estimates

Any reference to historical estimates and resources should not be relied upon. These are not current and a Q.P. has not done sufficient work to classify these historical estimate and Apollo is not treating the historical estimate as a current resource estimate. This document uses the terms “ resources”, “measured resources”, “indicated resources” and “inferred resources”. United States investors are advised that, while measured resources, indicated resources and inferred resources are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission (the “ SEC”) does not recognize them Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations, however, the SEC normally only permits issuers to report “resources” as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained in this release may not be comparable to information made public by United States companies subject to the reporting and disclosure requirements of the SEC. National Instrument 43 101 Standards of Disclosure for Mineral Projects (“NI 43 101”) is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Historical resource estimates contained in this document have not been prepared in accordance with NI 43 101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.

Ozop OZSC Goes Commercial with $1.6 Million Opening PO

Ozop OZSC Goes Commercial with $1.6 Million Opening PO




Ozop OZSC Goes Commercial with $1.6 Million Opening PO

WARWICK, NY, May 12, 2021 (GLOBE NEWSWIRE) — Ozop Energy Solutions, Inc(OZSC), (“Ozop” or the “Company”) OZOP is announcing today that as prelude to its launching the development of commercial energy generation sites, and the opening of its OZOP East division, the company has subsequently received its first PO for $1.6 million dollars of several energy components for use in the commercial market sector on the east coast.

OZOP has received a multi-month multi-megawatt order of components from Solar Mounts Inc. of Michigan. This Purchase order will be the first of 6 or more monthly orders placed with OZOP Energy Systems and each future order be of equal or greater in size.

The importance of this order is that it represents the first of several opportunities OZOP & SMI are exploring jointly. SMI specializes in high quality carports and because of the SMI focus on quality, OZOP & SMI are exploring the high-volume world of residential & small commercial energy supply and support systems.

In addition to specializing in high quality energy system components OZOP, as part of its energy storage department, captures & sells the fluctuating value of electricity as produced from utilities. As part of the opportunities from storage, the stored energy can also be released for a premium on demand to the utilities so we can help reduce the load on the system which is a growing concern. The combination of OZOP and SMI can have far reaching results in the new-market penetration opportunities.

“The addition to our successful OZOP West program, which distributes components for the higher volume distributed energy systems, the commercial sector will allow us to further enter the development and co-development stage of the company.” stated Brian Conway, CEO of Ozop Energy Solutions.

For more information on OZSC please follow on the link, www.OzopEnergy.com

Please be aware that our social media accounts can be used from time to time for additional material events.

https://twitter.com/OzopEnergy

https://www.facebook.com/OzopEnergy/

The Waypoint Refinery (discord.com)

About Ozop Energy Solutions.

Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.

About Power Conversion Technologies, Inc.

Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures, and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.

About Ozop Energy Systems, Inc.
Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery.

Safe Harbor Statement

“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.”

###

Media Relations Contact:
Brian Hyland
Rubenstein Public Relations
212-805-3055
bhyland@rubensteinpr.com

Investor Relations Contact

The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com

Magna dévoile les résultats de son assemblée annuelle 2021

Magna dévoile les résultats de son assemblée annuelle 2021




Magna dévoile les résultats de son assemblée annuelle 2021

AURORA, Ontario, 12 mai 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a dévoilé aujourd’hui les résultats des votes organisés lors de son assemblée annuelle des actionnaires 2021, qui s’est tenue le 6 mai 2021. Au total, 242 383 350 actions ordinaires ou 80,43 % de nos actions ordinaires émises et en circulation étaient représentées en personne ou par procuration lors de cette assemblée. Les actionnaires ont voté en faveur de chaque point de l’ordre du jour, comme suit :

a.        Élection des administrateurs        

Candidat Votes POUR Candidat Votes POUR
Peter G. Bowie 99.81 % Mary Lou Maher 99.77 %
Mary S. Chan 99.15 % Cynthia A. Niekamp 99.93 %
Hon. V. Peter Harder 99.10 % William A. Ruh 99.94 %
Seetarama S. Kotagiri (CEO) 99.77 % Dr. Indira V. Samarasekera 98.13 %
Dr. Kurt J. Lauk 99.56 % Lisa S. Westlake 99.12 %
Robert F. MacLellan 99.53 % William L. Young 97.25 %

b.        Autres points à l’ordre du jour

Sujet Votes POUR
Renouvellement du mandat de Deloitte 99.68 %
Say on Pay 93.33 %

En se basant sur les résultats des votes, chacun des 12 candidats a été élu avec une large majorité. De la même façon, Deloitte a été réélu comme auditeur externe de Magna et la décision « Say on Pay » a été approuvée, dans chaque cas par une large majorité. Les résultats détaillés des votes constituent l’Annexe « A » de ce communiqué de presse.

CONTACT POUR LES INVESTISSEURS
Louis Tonelli, vice-président en charge des relations avec les investisseurs
louis.tonelli@magna.com | 905-726-7035

CONTACT POUR LA PRESSE
Tracy Fuerst, vice-présidente en charge de la communication d’entreprise et des relations publiques
tracy.fuerst@magna.com │ 248-631-5396

NOTRE ENTREPRISE (1)
Magna est plus que l’un des plus grands fournisseurs au monde dans le secteur automobile. Nous sommes une société spécialisée dans les technologies de la mobilité, dotée, au niveau mondial, d’une équipe de 158 000 employés à l’esprit entrepreneurial et d’une structure organisationnelle conçue pour innover comme une start-up. Avec plus de 60 ans d’expertise et une approche systémique de la conception, de l’ingénierie et de la fabrication qui touche presque tous les aspects du véhicule, nous sommes positionnés pour soutenir l’avancée de la mobilité dans une industrie en transformation. Notre réseau mondial comprend 347 sites de fabrication et 84 centres de développement, d’ingénierie et de vente de produits dans 28 pays.

Pour tout complément d’information sur Magna (NYSE : MGA ; TSX : MG), veuillez consulter le site www.magna.com ou nous suivre sur Twitter @MagnaInt.

_____________________

(1) Les chiffres relatifs aux opérations de fabrication, au développement de produits, aux centres de vente et d’ingénierie et aux effectifs incluent certaines opérations mises en équivalence.

Annexe « A »

RÉSULTATS DES VOTES – ASSEMBLÉE ANNUELLE DES ACTIONNAIRES 2021

Résolution Votes Pour Votes Abstention/Contre
# % # %
Election de Peter G. Bowie au poste de Directeur 234,432,169 99.81 446,813 0.19
Election de Mary S. Chan au poste de Directeur 232,881,599 99.15 1,997,383 0.85
Election de Hon. V. Peter Harder au poste de Directeur 232,770,089 99.10 2,108,893 0.90
Election de Seetarama S. Kotagiri (CEO) au poste de Directeur 234,347,744 99.77 531,238 0.23
Election de Dr. Kurt J. Lauk au poste de Directeur 233,856,510 99.56 1,022,472 0.44
Election de Robert F. MacLellan au poste de Directeur 233,763,588 99.53 1,115,394 0.47
Election de Mary Lou Maher au poste de Directeur 234,334,991 99.77 543,991 0.23
Election de Cynthia A. Niekamp au poste de Directeur 234,708,195 99.93 170,787 0.07
Election de William A. Ruh as Director 234,738,844 99.94 140,138 0.06
Election de Dr. Indira V. Samarasekera au poste de Directeur 230,484,464 98.13 4,394,518 1.87
Election de Lisa S. Westlake au poste de Directeur 232,821,581 99.12 2,057,401 0.88
Election de William L. Young au poste de Directeur 228,420,696 97.25 6,458,286 2.75
Renouvellement du mandat of Deloitte LLP en tant qu’auditeurs 241,597,269 99.68 786,081 0.32
Résolution consultative sur la rémunération des dirigeants 219,222,305 93.33 15,656,677 6.67

OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Will be Announcing its First Quarter Results During the Week Commencing 16 May 2021

OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Will be Announcing its First Quarter Results During the Week Commencing 16 May 2021




OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Will be Announcing its First Quarter Results During the Week Commencing 16 May 2021

NEW YORK, NY, May 12, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a M&A company focused on acquiring and developing technology-based companies globally. The company has already completed 3 acquisitions in 2021 and has also already reached significant progress milestones during the second quarter. 

ILUS International (ILUS) is focused on building solid foundations which will enable it to pursue its aggressive growth and acquisition plans. This process has continued very well since the new management took over the company in late January 2021. An aggressive administrative clean-up of the company reporting, filings and back office has been underway. The company has also successfully negotiated the settlement of the majority of the historic debt/notes with further details on this being released soon. 

ILUS is currently undergoing audits in order to be fully reporting. The Form 10 preparation is underway and the official name change will commence once the Form 10 is effective. In addition, the company has submitted an application to the Canadian authorities to have a Cease Trade Order (CTO) lifted that was applied in Canada in 2012/2013. Since the submission, subsequent documents have been supplied and ILUS expects the CTO to be lifted soon. 

The company is pursuing a number of global strategic acquisitions. These are at various stages of due diligence and/or negotiation. In conjunction with the acquisitions, the company is exploring the opening of a facility in India in order to facilitate imminent contracts; and beyond this, ILUS expects to open its first facility in the USA before the summer is over.  The company is currently recruiting a number of senior managers to help facilitate the integration and expansion of the businesses. 

The ILUS coin was successfully launched and is still in Pre-Sale stage where it can be purchased at a discount to the listing price off the ILUS Coin website. Those who are interested may follow the Coin’s news on the relevant social media channels. The ILUS coin is expected to assist ILUS with its aggressive growth plans and with social impact, as ILUS strives to make the world safer through the leasing of ILUS Fire and Life Safety Equipment to customers that urgently require the equipment but cannot afford the upfront capital outlay. 

ILUS will release its Quarter 1 results during the week commencing 16th May 2021. In addition to this, the company will release further question and answer videos as well as more product updates over the coming weeks. Further Dubai facility photos will be released once many of the employees have returned from India where they are currently in a COVID lockdown and restricted from traveling to the United Arab Emirates. 

ILUS  will also finalize the date of its shareholder meeting soon. The company originally intended to conduct its first major shareholder meeting alongside a live product demonstration, however this is proving to be very challenging due to the ongoing COVID travel restrictions; therefore the demonstration and roadshow will be done at a later date in the USA and whilst the shareholder meeting will take place in a virtual format. 

Following the Eid holiday, the ILUS team will be conducting numerous road shows around the Middle East, talking about the company, its progress and its vision to numerous Ultra High Net Worth Individuals and influential VIPs.  

ILUS CEO, Nick Link, commented with the following: “While the markets at the moment are more challenging than desired, the team remains focused on delivering results and are performing well. We will continue to do well and deliver on our 2021 milestones. We would like to thank our patient and loyal shareholders who continue to support us and believe in our mission.”

For further information on the companies please see their communication channels: 

Website: https://ilus-group.com

Twitter : OTC_ILUS

Contact: 

Email: IR@Ilus-Group.com

Website: https://ILUS-coin.com

Twitter: ILUS_Coin

Telegram : ILUS-COIN Community

Source: ILUS 

Related Links

https://ilus-group.com

https://ilus-coin.com

GROUPE GUILLIN : AVIS DE CONVOCATION A l’AGM DU 11 JUIN 2021

GROUPE GUILLIN : AVIS DE CONVOCATION A l’AGM DU 11 JUIN 2021




GROUPE GUILLIN : AVIS DE CONVOCATION A l’AGM DU 11 JUIN 2021

GROUPE GUILLIN

Société Anonyme au capital de 11 487 825 euros

Siège social : Zone Industrielle – Avenue du Maréchal de Lattre de Tassigny

25290 Ornans

349 846 303 RCS Besançon

(la « Société »)

 

 

AVIS DE CONVOCATION A L’ASSEMBLEE GENERALE MIXTE

 

DU 11 JUIN 2021

 

 

Les actionnaires de la Société sont informés qu’ils seront réunis en Assemblée Générale Mixte le 11 juin 2021 à 9 heures à Besançon (25000), Maison de l’Economie, CCI du Doubs, 46 Avenue Villarceau, à l’effet de statuer sur l’ordre du jour ci-après.

 

 

Avertissement

Dans le contexte évolutif de la Covid-19 et des mesures administratives prises pour limiter ou interdire les déplacements ou les rassemblements collectifs pour des motifs sanitaires, les modalités d’organisation et de participation des actionnaires à l’Assemblée Générale Mixte du 11 juin 2021 pourraient être aménagées. Il est rappelé que dans le cadre de la situation sanitaire actuelle, l’accueil des actionnaires à l’Assemblée Générale devant se tenir le 11 juin 2021 est subordonné au respect des gestes barrières, et notamment au port du masque et au respect de la distanciation sociale pendant toute la durée de l’Assemblée.

Par mesure de précaution, la Société encourage vivement ses actionnaires à voter par correspondance ou à donner pouvoir au Président ou à donner procuration à une personne dénommée préalablement à l’Assemblée Générale Mixte, en utilisant le formulaire de vote prévu à cet effet disponible sur le site internet de la Société. Les actionnaires sont invités à consulter régulièrement le site internet de la Société.

 

 

 

ORDRE DU JOUR

 

 

 

De la compétence de l’Assemblée Générale Ordinaire :

 

 

  • Rapport de gestion du Conseil d’Administration sur la marche de la Société et sur les comptes de l’exercice clos le 31 décembre 2020, incluant les informations relatives au gouvernement d’entreprise, ainsi que le rapport de gestion du Groupe consolidé et la déclaration de performance extra-financière (Responsabilité sociale, sociétale et environnementale),
     
  • Rapport spécial du Conseil sur les attributions gratuites d’actions et sur les options de souscription,
     
  • Rapport des commissaires aux comptes sur les comptes annuels de la Société de l’exercice clos le 31 décembre 2020,
     
  • Approbation des comptes annuels de la Société de l’exercice clos le 31 décembre 2020, et des rapports qui les concernent, quitus au Directeur Général et aux Administrateurs,
     
  • Affectation du résultat,
     
  • Rapport des commissaires aux comptes sur les comptes consolidés de la Société de l’exercice clos le 31 décembre 2020,
     
  • Approbation des comptes consolidés de l’exercice clos le 31 décembre 2020,
     
  • Fixation du montant de la rémunération à allouer au Conseil d’Administration au titre de l’exercice 2021,
     
  • Rapport spécial des commissaires aux comptes sur les conventions visées aux articles L.225-38 et L.225-40-1 du Code de commerce,
     
  • Approbation des conventions visées à l’article L.225-38 et suivants du Code de commerce,
     
  • Renouvellement du mandat de deux Administrateurs,
     
  • Autorisation à donner au Conseil d’Administration à l’effet de faire racheter par la Société ses propres actions dans le cadre du dispositif de l’article L.22-10-62 du Code de commerce pour une période de 18 mois,

De la compétence de l’Assemblée Générale Extraordinaire :

 

  • Modification de l’article 16 des statuts de la Société (Conseil d’Administration – Composition – Administrateur salarié),
     
  • Modification de l’article 20 des statuts de la Société (Délibérations du Conseil – Procès-Verbaux – Copies – Habilitation au Secrétaire du Conseil),

 

 Pouvoirs pour formalités.

 

 

 

————–

 

 

L’Assemblée se compose de tous les actionnaires quel que soit le nombre d’actions qu’ils possèdent.

 

Seuls pourront participer à l’Assemblée Générale les actionnaires justifiant de l’inscription en compte des titres à leur nom ou à celui de l’intermédiaire inscrit pour leur compte au deuxième jour ouvré précédant l’Assemblée, soit le 9 juin 2021 à zéro heure, heure de Paris :

 

  • soit dans les comptes de titres nominatifs tenus par la Société ou son mandataire;
  • soit dans les comptes de titres au porteur tenus par l’intermédiaire habilité.

 

L’inscription en compte des titres au porteur est constatée par une attestation de participation délivrée par l’intermédiaire habilité. Pour pouvoir participer à l’Assemblée, cette attestation de participation doit être transmise au siège social de la Société GROUPE GUILLIN, Zone Industrielle, Avenue du Maréchal De Lattre de Tassigny, 25290 Ornans, en vue d’obtenir une carte d’admission ou présentée le jour de l’Assemblée par l’actionnaire qui n’a pas reçu sa carte d’admission.

 

A défaut d’assister personnellement à l’Assemblée, les actionnaires peuvent choisir entre l’une des trois formules suivantes :

 

a) donner une procuration à la personne de leur choix dans les conditions de l’article L.225-106 du Code de commerce ; ou

b) adresser une procuration à la Société sans indication de mandat ; ou

c) voter par correspondance.

 

Au plus tard le vingt-et-unième jour précédant l’Assemblée, le formulaire unique de vote par correspondance ou par procuration sera mis en ligne sur le site internet de la Société, et sera disponible sur demande écrite adressée au siège social de la Société.

 

A compter de la convocation, les actionnaires pourront demander par écrit au siège social de la Société de leur adresser ledit formulaire. Il sera fait droit aux demandes reçues au plus tard six jours avant la date de l’Assemblée.

 

Ce formulaire devra être renvoyé, accompagné pour les actionnaires au porteur de leur attestation de participation, de telle façon que la Société le reçoive au plus tard trois jours avant la tenue de l’Assemblée (article R.225-77 du Code de commerce) soit le 7 juin 2021 au plus tard. Les formulaires renvoyés par les actionnaires au porteur qui ne seraient pas accompagnés de cette attestation de participation ne pourront être pris en compte pour l’Assemblée conformément à l’article R.225-77 du Code de commerce. Lorsque l’actionnaire désigne un mandataire, il peut notifier cette désignation au siège social de la Société par voie électronique à l’adresse suivante : srichard@groupeguillin.fr.

La procuration ainsi donnée est révocable dans les mêmes formes.

 

Les documents préparatoires à l’Assemblée énoncés par l’article R.225-73-1 du Code de commerce seront mis en ligne sur le site internet de la Société au plus tard le vingt et unième jour précédant l’Assemblée.

 

Il est précisé que le texte intégral des documents destinés à être présentés à l’Assemblée conformément notamment aux articles L.225-115 et R.225-83 du Code de commerce sera mis à disposition au siège social et mis en ligne sur le site internet de la Société.

 

Jusqu’au deuxième jour ouvré précédant la date de l’Assemblée Générale, soit le 9 juin 2021, tout actionnaire pourra adresser au Président du Conseil d’Administration de la Société des questions écrites, conformément aux dispositions de l’article R.225-84 du Code de commerce. Ces questions écrites devront être envoyées, par lettre recommandée avec demande d’avis de réception adressée au siège social ou par voie de télécommunication électronique à l’adresse suivante : srichard@groupeguillin.fr. Ces questions écrites devront être accompagnées d’une attestation d’inscription en compte.

 

Nous vous rappelons qu’un Avis préalable à l’Assemblée Générale Mixte du 11 juin 2021 a été publié au Bulletin des Annonces Légales Obligatoires le 23 avril 2021 et est disponible sur le site internet de la Société.

 

Le Conseil d’Administration

 

Pièce jointe

Marketplace unicorns valuations soar to $5 trillion as record levels of investment see the sector outpace the entire tech market

Marketplace unicorns valuations soar to $5 trillion as record levels of investment see the sector outpace the entire tech market




Marketplace unicorns valuations soar to $5 trillion as record levels of investment see the sector outpace the entire tech market

  • Total valuation of marketplace unicorns climbed by 70% in 2020, outpacing the  listed tech sector as a whole
  • More global VC investment was made into marketplaces in Q1 2021 than in any other quarter in history – $28bn, up from $9.9bn during the same period last year
  • Since January 2019, valuations of marketplace unicorns have more than doubled – up from $2.2tn to $5.0tn
  • There are now more than 370 marketplace unicorns with the top 30 accounting for 79% of total value ($3.9tn)
  • Covid has been a significant driver of innovation and adoption across marketplaces 
  • The most valuable marketplace categories – fashion, delivery, logistics, and health – all saw triple-figure percentage growth last year

London and Oslo, 12 May 2021: The global value of marketplace unicorns has soared by 70% since January 2020, fuelled by a rise in innovation and adoption as a result of Covid and record-breaking levels of VC investment, according to new figures.

Data from The Future of Marketplaces report – the first in an upcoming series of reports compiled by Dealroom.co on behalf of Adevinta Ventures and investors Speedinvest – show that marketplace unicorns are now worth a combined total of $5 trillion and there are 30 marketplaces, globally, that are worth more than $20 billion.

Year-on-year, marketplace unicorn growth has outpaced both the Nasdaq – which grew 50% during the same period – and the MSCI World Index. In fact, marketplace unicorns grew 2.5 times more than the wider market, which saw growth of 23% across the board. Marketplace unicorns that were founded after 2005 have been growing even faster than  companies founded earlier. 

Among the categories that saw the most substantial valuation growth in the wake of Covid, fashion jumped by 142%, followed by food delivery (132%) and digital health (120%). This was a continuation of the trend highlighted in last summer’s The Marketplaces Report, which found healthtech, online learning, recruitment, food delivery and passion economy startups were seeing the most significant growth off the back of Covid-related shifts in consumer and business behaviours. 

During the first three months of 2021, global VC investments in marketplaces reached an all-time high of $28bn, driven in part by a number of mega-funding rounds and the emergence of SPACs, as investors sought new ways to gain access to fast-growing privately owned tech companies. Q1 investment in marketplaces has almost tripled since  the same period last year, and totals $4bn more than the previous record-breaking quarter of Q4 2018. The majority of investments in Q1 focused on logistics and last-mile delivery services. 

Notable rounds include digital convenience store Gopuff’s $1.2bn Series G raise in March 2021 – the second-largest round of the quarter across all sectors and industries; $800m raised by used car marketplace Cazoo; and food delivery firm Wolt’s $530m Series E round. Investment in Q2 continues to be high, with $12bn of VC money pouring into the sector in the first five weeks of the quarter, including money raised by Travelperk ($160m), Kry ($312m) and BlaBlaCar ($115m). 

Today’s figures show that there is no sign of a slowdown in the growth of marketplaces. The intrinsic value they bring to consumers has been rising for years but really took off during the coronavirus pandemic, as correctly predicted in our first Marketplaces Report in 2020,” said Yoram Wijngaarde, founder of Dealroom.co.“Marketplaces have been able to grow so fast because of the network effects they exploit, and in the last 12 months more of them have become essential to our daily lives.” 

“Marketplaces are well placed to take advantage of the market behaviours and shifts that have been born out of Covid, as well as the rise of digital adoption,” said Ovidiu Solomonov, SVP of Global Markets and Ventures at Adevinta. “Looking ahead, we see huge opportunities for marketplaces to create integrated solutions that enhance the experience for users and customers by building new products and services, as well as better integrating transactional models.”

“We are seeing increased investor interest in marketplaces because they have demonstrated how they are particularly resilient to economic developments and easier to scale upwards and downwards than traditional, more asset heavy companies,” said Mathias Ockenfels, General Partner at Speedinvest. “Also they have benefitted hugely from the overall ‘push’ to digital solutions, accelerated by the pandemic. The net outcome of countries returning to normal is going to be a bigger appetite and customer base for marketplaces, and as the past year has demonstrated, marketplaces are ready to cater to and supply this demand.”

Marketplace unicorns and the impact of Covid

As of May 2021, there are more than 370 marketplace unicorns, including 81 new additions to the list of billion-dollar companies since January 2020. Of these marketplace giants, the top 30 – led by Amazon, Alibaba and Meituan – account for 79%, or $3.9Tn, of the total combined value; a collective increase in value of $1.6 trillion.

Today’s figures confirm the predictions made in 2020’s The Marketplaces Report, which said that accelerating digital adoption would increase the value of marketplaces globally, particularly those operating in healthcare, pharmacies, grocery and food delivery, education and recruitment. In fact, accelerated adoption during the pandemic created tailwinds, resulting in companies beating expectations. 

DeliveryHero’s market cap increased by 76% in a year from April 2020 to May 2021, as revenues doubled. HelloFresh saw its valuation increase by 241%, while revenues climbed by 106%. Zalando, the e-commerce fashion site, saw its value increase by 83%, while its revenues climbed by 25%. 

Although property, travel, and mobility firms were hit hardest following the initial outbreak – with share prices plummeting by as much as 40% between January and May 2020 – the marketplaces within these industries still ended the year with valuations up 60%, 52% and 32% respectively.

The future of marketplaces in a post-Covid world

As these figures demonstrate, customers truly embraced a shift to digital during 2020, with 60% of the entire global adult population now online. European households alone already spend $11 trillion per year on goods and services, amid total consumer global spending of $40 trillion. 

While Covid has underlined the value of online marketplaces, large swaths of consumer spending remain undigitised, suggesting that considerable growth in the marketplace sector is still to come. To attract and retain more customers,  marketplaces are increasingly either seeking to capture more of the value chain, or are embedding fintech or SaaS in their platforms. Dealroom.co will explore how this works in later marketplace reports. 

– ENDS – 

Notes to Editor

Media contacts
Mélodie Laroche
Corporate Communications
T: +33 (0) 6 84 30 52 76
melodie.laroche@adevinta.com

About Adevinta Ventures
Adevinta Ventures is the investment arm of Adevinta, a global online classifieds specialist, operating leading digital marketplaces in 11 countries. Adevinta Ventures invests in fast-growing European startups that can shape the future of marketplaces (sweet spot in Series A and Series B) with initial investments of up to €5 million and follow-on capacity. Leveraging the top positions of Adevinta’s brands (e.g. leboncoin, Coches.net, Fotocasa, Subito) Adevinta Ventures adds strong value and is a long-term partner to portfolio companies. Current portfolio and key investment areas include proptech (Kodit, Flatfair), future of work (Medwing), mobility (PaulCamper, Bipi) and fintech. Find out more at Adevinta.com/ventures.

About Dealroom.co
Dealroom.co was launched in 2014 in Amsterdam to provide insights and intelligence about the world’s most promising companies. Top tier venture capital firms like Sequoia, Insight Partners, Balderton, Atomico, and world class corporates like Google, Amazon, Stripe, McKinsey, BCG, EY, Deloitte, Unilever, Pepsi and others use Dealroom software and data to stay at the forefront of innovation and discover the world’s most promising companies.

About Speedinvest
Speedinvest is a European venture capital fund with more than €400M AUM and 40 investors working from Berlin, London, Munich, Paris, Vienna and San Francisco. Employing a focused investment team structure, we fund innovative early-stage technology startups in the areas of Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions. Speedinvest actively deploys its global network and in-house Platform+ operational experts to support our portfolio of nearly 200 companies, including with US market expansion. Learn more: www.speedinvest.com

IDEX Biometrics Appoints Catharina Eklof as Chief Commercial Officer

IDEX Biometrics Appoints Catharina Eklof as Chief Commercial Officer




IDEX Biometrics Appoints Catharina Eklof as Chief Commercial Officer

Oslo, Norway –May 12, 2021 – IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has appointed Catharina Eklof as Chief Commercial Officer (CCO), effective June 1, 2021.    

Catharina Eklof brings 20 years of global executive management across Financial Services, Retail, Travel, and Security. She has led commercialization of new customer-centric solutions across Fortune 500 companies. Catharina is currently CCO of Defentry AB, a cyber security company based in Stockholm, Sweden.  She is also a member of the Board of Directors of Avanza Bank (Nasdaq: AZA), the largest securities brokerage in Sweden.

Earlier in her career, Catharina spent more than 12 years with Mastercard International Inc. in Brussels, London, and New York, where she had a successful career, with successive leadership roles building innovative businesses leveraging Mastercard’s global transaction data.  Catharina was instrumental in establishing Mastercard’s global strategic merchant program, bringing digital payment solutions and new, data-driven business models to organizations around the world.

Catharina Eklof holds an MBA in International Business and a Master of Science in Economics from the University of Uppsala, Sweden. She will be based in Brussels, Belgium.

Vince Graziani, Chief Executive Officer of IDEX Biometrics, commented: “I am very excited to welcome Catharina to our leadership team.  Her considerable experience and expertise in security and card-based payment technologies will be extremely valuable to IDEX Biometrics as we continue to accelerate commercialization of our leading card-based authentication solutions.”      

For further information contact:

Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186

Brett L Perry, U.S. Investor Relations
E-mail: bperry@sheltongroup.com
Tel: + 1 214 272 0070

About IDEX Biometrics

IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading provider of fingerprint identification technologies for smart cards, offering simple, secure, and personal touch-free authentication for all.  We help people make payments, prove their identity, gain access to information, unlock devices, or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions.  Our total addressable market represents a fast growing multi-billion-unit opportunity.

For more information, visit www.idexbiometrics.com and follow on Twitter

TORM purchases three 2015-built scrubber-fitted LR2 vessels

TORM purchases three 2015-built scrubber-fitted LR2 vessels




TORM purchases three 2015-built scrubber-fitted LR2 vessels

TORM has today entered into an agreement to purchase the three 2015-built scrubber-fitted and fuel-efficient LR2 vessels Nissos Schinoussa, Nissos Heraclea and Nissos Therassia from Okeanis Eco Tankers Corp. for a total consideration of USD 120.8m. The vessels are expected to be delivered during the remainder of the second quarter and the third quarter of 2021.

TORM has obtained commitment for the financing of two of the vessels from Danish Ship Finance for USD 60.0m subject to finalization of the documentation. The third vessel is expected to be financed through a sale and leaseback agreement with a Chinese financial institution for proceeds of USD 32.2m. In this connection, TORM expects to enter into two additional sale and leaseback agreements providing USD 24m in net liquidity. TORM has agreed on the key terms for the three sale and leaseback agreements.

After the end the quarter, TORM has also sold the MR vessel TORM Carina. Net of debt repayment, the sale will generate USD 6m in liquidity. The vessel is expected to be delivered to the new owner during the second quarter of 2021.

CONTACT TORM plc
Jacob Meldgaard, Executive Director, tel.: +45 3917 9200 Birchin Court, 20 Birchin Lane
Kim Balle, CFO, tel.: +45 3917 9285 London, EC3V 9DU, United Kingdom
Morten Agdrup, IR, tel.: +45 3917 9249 Tel.: +44 203 713 4560
  www.torm.com

ABOUT TORM
TORM is one of the world’s leading carriers of refined oil products. The Company operates a fleet of approximately 80 modern vessels with a strong commitment to safety, environmental responsibility and customer service. TORM was founded in 1889. The Company conducts business worldwide. TORM’s shares are listed on NASDAQ Copenhagen and NASDAQ New York (tickers: TRMD A and TRMD). For further information, please visit www.torm.com.

SAFE HARBOR STATEMENTS AS TO THE FUTURE
Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and statements other than statements of historical facts. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions generally identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of the world economy and currencies, general market conditions, including fluctuations in charter hire rates and vessel values, the duration and severity of the COVID-19, including its impact on the demand for petroleum products and the seaborne transportation thereof, the operations of our customers and our business in general, changes in demand for “ton-miles” of oil carried by oil tankers and changes in demand for tanker vessel capacity, the effect of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled dry-docking, changes in TORM’s operating expenses, including bunker prices, dry-docking and insurance costs, changes in the regulation of shipping operations, including actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents, political events including “trade wars,” or acts by terrorists.

In light of these risks and uncertainties, you should not place undue reliance on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

 

Attachment

Production report for April 2021

Production report for April 2021




Production report for April 2021

12 May 2021

Below please find average gross operated production in April 2021 and corresponding numbers for March 2021.

IOX operated April 2021 March 2021
  Boepd(1) Bopd (2) Boepd(1) Bopd (2)
Colombia 832 576 873 603
Argentina (3) 2,609 317 2,691 338

(1)   Barrels of oil equivalents per day
(2)   Barrels of oil per day
(3)   Operated by Selva Maria Oil on behalf of IOX until local authorities approves operator’s licence.

Comments

Total daily average oil production decreased by 5.1 percent to 893 bopd in April compared to 941 bopd in March. Total production was 3,441 boepd, down from 3,563 boepd in the previous month.

In Colombia, social unrest is affecting most part of the society, including Interoil’s contractors and service providers where the most affected area is on the logistics side: i.e. transporting of spares and consumables to the fields, and oil sales from the fields to the market is difficult. This unfortunate situation is also causing further delay to the planned drilling of the Mazorca well in the Altair field.

In Argentina, meanwhile, the workover operation in the MMO-15 well has now commenced, as reported on 10 May 2021. When the well is brought back onstream, produced gas will be used to fuel surface production equipment, which in turn is expected to boost sale of oil from the field.

***************************

Please direct further questions to ir@interoil.no

Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange – with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina. Interoil currently employs approximately 50 people and is headquartered in Oslo.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Nokia appoints David Mulholland as Head of Investor Relations

Nokia appoints David Mulholland as Head of Investor Relations




Nokia appoints David Mulholland as Head of Investor Relations

Press Release

Nokia appoints David Mulholland as Head of Investor Relations

12 May 2021

Espoo, Finland – Nokia today announces the appointment of David Mulholland as Head of Investor Relations. Currently Executive Director at UBS Global Research, David brings with him over a decade of experience as a research analyst and will start his new role at Nokia at the end of May 2021.

Previously Head of European Technology Hardware Research, David led the bank’s coverage of the sector and companies including ASML, Ericsson, Infineon, Nokia, Spirent and STMicroelectronics. His focus was on differentiated research to help investors better understand companies and industry trends.

As Head of Investor Relations, David will report to Marco Wirén, Nokia’s Chief Financial Officer, and lead the investor relations team working across Nokia’s portfolio. He will drive the company’s equity story, manage relationships with shareholders and work closely with the Global Leadership Team.

“I’m delighted to be joining Nokia. It’s a company that I’ve followed for many years and my aim is to further enhance the transparency and consistency of its communications with its shareholders and capital markets,” commented David Mulholland.

“David has extensive financial skills and has built excellent relationships with major investors over the years. He joins Nokia at an exciting time following our recent announcements about our new company set-up and strategy and I have no doubt he will be a strong addition to the Nokia team,” stated Marco Wirén, Chief Financial Officer, Nokia.

“I would also like to take this opportunity to thank Matt Shimao who has held the Head of Investor Relations role for the last ten years. He has helped lead the company through some extraordinary times and I wish him all the best for the future,” concluded Wirén.

About Nokia
We create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Media Inquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com