Ultra Resources Inc. Updates Closing of Private Placement

Ultra Resources Inc. Updates Closing of Private Placement




Ultra Resources Inc. Updates Closing of Private Placement

VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) — Ultra Resources Inc. (TSX-V: ULT) (“Ultra Resources” or the “Company”) further to the Company’s April 7, 2021 and April 8, 2021 news releases that it has closed a non-brokered private placement the Company corrects the private placement to 10,892,900 units at $0.11 per unit for total gross proceeds of $1,198,219. Each Unit is comprised of one common share and one-half non-transferable common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase an additional common share of the Company at an exercise price of $0.20 per share for a period of one year from closing of the private placement provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than Cdn $0.25 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten (10) business days from the date notice is given. The Company shall pay finders fees of $77,523 cash and 704,753 finders warrants for a portion this placement.

The proceeds from the Private Placement will be used to fund the exploration of the Company’s Argentine and Ontario properties and for general working capital purposes.

All securities issued under the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to final approval by the TSX Venture Exchange.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

ON BEHALF OF THE BOARD OF DIRECTORS

“Kiki Smith”
Kiki Smith, CFO

Ultra Resources is an exploration and development company with a focus on the acquisition and development of gold, copper and lithium assets. The Company holds a brine lithium property in Argentina, and hard rock spodumene type lithium properties at the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada. The Company also holds other gold and base metals properties in Argentina.

FOR FURTHER INFORMATION CONTACT:
For further information, please contact the Company at:
Attention: Kiki Smith
Telephone: 778 968-1176
Email:kiki@ultraresourcesin.com
Website: www.ultraresourcesinc.com
or view the Company’s filings at www.SEDAR.com.

Mojave Gold Announces Cancellation of Non-Brokered Private Placement

Mojave Gold Announces Cancellation of Non-Brokered Private Placement




Mojave Gold Announces Cancellation of Non-Brokered Private Placement

VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) — (CSE: MOJ) (OTCBB: MOJGF) (“Mojave” or the “Company”) wishes to announce that it will not be proceeding with the non-brokered private placement of up to 6,000,000 units of the Company at a price of $0.50 per unit for a total of CA $3.0 million that was announced on March 8, 2021.

On behalf of the Board of Directors

“Cole McClay”, CEO Mojave Gold Corp.

info@Mojavegoldcorp.com

www.mojavegoldcorp.com

Forward Looking Statements

Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company’s intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbour.

 

O2Gold Closes Private Placement

O2Gold Closes Private Placement




O2Gold Closes Private Placement

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — O2Gold Inc. (“O2Gold” or the “Company”) (TSXV: OTGO) is pleased to announce that it has closed its previously announced non-brokered private placement financing (the “Offering”). The Company issued 17,390,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of $3,478,000. For more information on the Offering, please see the Company’s press releases dated January 14, 2021 and March 22, 2021, which are available under the Company’s profile on SEDAR at www.sedar.com.

Pursuant to the Offering, each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.30 at any time prior to April 16, 2023.

In connection with the Offering, O2Gold paid finder’s fees of $175,000 in cash and issued 875,000 non-transferable finder’s warrants (“Finder’s Warrants”) to eligible finders in accordance with the policies of the TSX Venture Exchange (“TSXV”). Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at a price of $0.20 at any time prior to April 16, 2023.

All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day, expiring on August 17, 2021. Completion of the Offering is subject to receipt of final approval of the TSXV.

The Company intends to use the net proceeds of the Offering for general corporate purposes and to satisfy payment obligations in connection with the acquisition of a gold mining project in the Amalfi, Segovia and Zaragoza regions of Antioquia, Colombia (the “Transaction”). For more information about the Transaction, please see the Company’s press releases dated October 28, 2020 and November 30, 2020, which are also available under the Company’s SEDAR profile at www.sedar.com. The closing of the Transaction remains subject to the satisfaction of customary conditions precedent, including the receipt of regulatory approvals in Colombia, the final approval of the TSXV, and other closing conditions found in similar transactions.

About O2Gold

O2Gold is a mineral exploration company with activities in Colombia.

For additional information, please contact:
Jaime Lalinde, President and CEO
Phone: (57) 312 350 5864
Email: jlalinde@fmresources.ca

Cautionary Note Regarding 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 Transaction and the Company’s intended use of the proceeds from the Offering. 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, as the case may be, to be materially different from those expressed or implied by such forward-looking information. 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 Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Clean Power Capital Announces Application to List its Common Shares on the NASDAQ Capital Market and Uplisting to NEO Exchange

Clean Power Capital Announces Application to List its Common Shares on the NASDAQ Capital Market and Uplisting to NEO Exchange




Clean Power Capital Announces Application to List its Common Shares on the NASDAQ Capital Market and Uplisting to NEO Exchange

VANCOUVER, British Columbia and TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”) is pleased to announce that it has submitted an initial application to list its common shares (the “Common Shares”) on the NASDAQ Capital Market (“Nasdaq”). The Company previously announced on December 3, 2020 that the Board of the Company had formed a strategic committee to review and develop a strategy to enhance its investor profile through a capital markets strategy focused on the United States. As part of the review, the strategic committee would consider an application to list its common shares on Nasdaq.

Upon consultation with advisors and legal counsel, the Company submitted its initial application to list its Common Shares on Nasdaq. This initiative is aimed to:

  • provide additional opportunities to attract institutional and retail investors, allowing the Company to broaden its investor base in the United States and internationally;
  • increase the visibility of the Company, its growth strategy, accomplishments and results to date;
  • increase liquidity of its Common Shares; and
  • raise the Company’s overall profile and ultimately enhance shareholder value.

Raghu Kilambi, the CEO of the Company, stated, “We are excited about the prospect of listing on Nasdaq. The initiative to apply for listing on Nasdaq is a major step in expanding our shareholder base in the United States and having access to one of the largest capital markets in the world.”

The listing of the Company’s Common Shares on Nasdaq remains subject to the review and approval of the initial listing application and the satisfaction of all applicable listing and regulatory requirements.

The Company is also pleased to announce that it will be uplisting its Common Shares to the NEO Exchange (“NEO Exchange”) effective April 26, 2021. Clean Power will continue to trade under the symbol “MOVE” after listing on the NEO Exchange. The Company has arranged for the delisting from the Canadian Securities Exchange (“CSE”), effective the close of trading on April 23, 2021. This transition is not expected to impact current investors’ ability to trade shares of Clean Power.

With the impending graduation from the CSE to the NEO Exchange, the Company is positioning its Common Shares to be traded on a senior exchange in Canada and in the United States, providing exposure to an increased number of retail and institutional investors.

ABOUT CLEAN POWER CAPITAL CORP.

Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at www.sedar.com.

Learn more about Clean Power by visiting our website at: https://cleanpower.capital/

NEITHER THE CSE, NEO Exchange, NASDAQ NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

PR Contact Vito Palmeri AMW PR
c: 347.471.4488 | o: 212.542.3146
vito@amwpr.com

Clean Power Contact
Raghu Kilambi
raghu@hydrogenfueling.co
+1 (604) 687-2038

Notice Regarding Forward Looking Information:

This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Clean Power, which includes, without limitation, the potential listing of the Company’s common shares on Nasdaq, the timing thereof, the benefits to be provided to the Company by a Nasdaq listing, the Company’s exposure to more investors and the liquidity of the Company’s securities. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the Company’s ability to build out its planned hydrogen fueling station network, and the Company’s ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete any potential investments or acquisitions, if at all, and the timing thereof. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.

The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.

Ayurcann Holdings Corp. Announces Stock Option and Restricted Share Unit Grants

Ayurcann Holdings Corp. Announces Stock Option and Restricted Share Unit Grants




Ayurcann Holdings Corp. Announces Stock Option and Restricted Share Unit Grants

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Ayurcann Holdings Corp. (CSE: AYUR) (the “Company” or “Ayurcann”) an integrated Canadian extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative products, announces the granting of stock options and restricted share units.

The Company has announced that it has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase an aggregate of 1,000,100 common shares under the Company’s Stock Option Plan. Each option is exercisable at a price of $0.16 per common share, expires three years from the date of grant and vest six months from the date of the grant.

The Company has also granted restricted share unit grants, pursuant to the Company’s Restricted Share Unit plan, dated April 1, 2021, totaling 1,548,875 to certain eligible participants.

For further information, please contact:
Igal Sudman, Chairman, Chief Executive Officer and Corporate Secretary
Ayurcann Holdings Corp.
Tel: 416-720-6264
Email: igal@xtrx.ca

Investor Relations:
Ryan Bilodeau
Tel: 416-910-1440
Email: ir@ayurcann.com

About Ayurcann Holdings Corp.:
Ayurcann is a leading post-harvest solution provider with a focus on providing and creating custom processes and pharma grade products for the adult use and medical cannabis industry in Canada. Ayurcann is focused on becoming the partner of choice for leading Canadian cannabis brands by providing best-in-class, proprietary services including ethanol extraction, formulation, product development and custom manufacturing.

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

 

Monument Announces RSU Grants

Monument Announces RSU Grants




Monument Announces RSU Grants

VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces it has granted an aggregate of 3.9 million restricted share units (the “RSUs”) to its directors, officers and employees pursuant to the RSU plan.

The Company’s RSU and stock based option plans are aimed to compensate and reward its directors, officers and employees for working towards the Company’s long term objectives and in alignment with the shareholders’ best interest. Out of 3.9 million newly granted RSUs, 1.1 million is granted as a part of the director’s fee restructure where the cash component has been significantly reduced; 1.7 million are performance RSUs rewarding their milestone achievement upon closing of the Mengapur transaction; and 1.1 million are granted to incentivize management to achieve the milestone target completing Selinsing processing plant upgrade.

The new RSU grants have brought the total outstanding RSUs to 14.5 million to date, leaving 7.6 million shares reserved available for grant under the plan.

About Monument

Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is also advancing the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra (20% interest) in the Murchison area of Western Australia. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6

FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver            T: +1-604-638-1661 x102            rcushing@monumentmining.com

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

Forward-Looking Statement

This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this news release. 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”. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Yellow Corporation Bringing New Jobs to Richfield, Ohio & America

Yellow Corporation Bringing New Jobs to Richfield, Ohio & America




Yellow Corporation Bringing New Jobs to Richfield, Ohio & America

OVERLAND PARK, Kan., April 16, 2021 (GLOBE NEWSWIRE) — Yellow Corporation (NASDAQ: YELL) is recruiting employees for new positions in Richfield, Ohio. On Tuesday, April 20th Yellow will host a hiring event as the trucking company looks to fill a range of jobs, including local drivers, dock workers and linehaul drivers. Yellow intends to hire qualified individuals immediately for as many as 60 jobs in Richfield, with more positions open nationwide.

Yellow is the second largest less-than-truckload carrier and the fifth largest transportation company in North America. Yellow’s 30,000 employees are based in all 50 states as well as Puerto Rico, Canada and Mexico.

Yellow’s Richfield hiring day is one of more than two dozen similar recruiting events taking place across America between now and July. By the end of 2021, Yellow aims to hire thousands of new employees nationwide with at least 1,500 of those positions earmarked for commercial drivers.

“Seventy percent of America’s freight moves on our nation’s highways, so it’s essential that the industry continue to ramp up hiring to keep the U.S. supply chain humming along,” said Darren Hawkins, Chief Executive Officer of Yellow.

“Yellow pays very competitive wages and offers outstanding healthcare benefits for employees,” said Mr. Hawkins. “For those with trucking experience or not, or folks looking for a new opportunity or needing to make a job change due to pandemic fallout, it’s an exciting time to build a career and a future at Yellow.”

In addition to the April 20th recruiting day, Yellow continues to regularly sponsor its Cleveland Driver Academy, which provides classroom and road training for those interested in careers as commercial drivers.

“Hiring is our number one priority,” said Hawkins. “Our freight professionals serve as the economic lifeline to nearly every community in America. Transportation and trucking people are patriots.”

On Tuesday, April 20th, Yellow’s recruiting event will take place at the YRC Freight Richfield Terminal, 5250 Brecksville Rd, Richfield, Ohio from 9:00 AM – 4:00 PM. Candidates will have the opportunity to interview with hiring managers and receive assistance with applications and paperwork. No reservation is necessary.

Yellow regularly sponsors its Cleveland Driving Academy for qualified candidates who are interested in obtaining a Commercial Driver’s License (CDL) tuition-free. For information on dates, please contact Yellow at (833) 475-8201.

For more information or to apply, please visit www.MyYellow.com, and click “Careers” in the top right.

About Yellow Corporation
Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through our teams of experienced service professionals, Yellow Corporation offers industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. Yellow Corporation, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics.

Please visit our website at www.myyellow.com for more information.

Media Contacts: Mike Kelley       
  913-696-6121     Heather Nauert 
  mike.kelley@myyellow.com     heather.nauert@myyellow.com  
       
Investor Contact:   Tony Carreño      
  913-696-6108      
  investor@myyellow.com      
       

Jourdan Completes Shares for Debt Settlement

Jourdan Completes Shares for Debt Settlement




Jourdan Completes Shares for Debt Settlement

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce that the Company has completed a shares for debt settlement that was previously announced on April 9, 2021 (the “Shares for Settlement”), after being granted approval by the TSX Venture Exchange.

Pursuant to the Shares for Debt Settlement, the Company has issued a total of 4.5 million of its common shares at a deemed price of $0.06 per share for an aggregate amount of $270,000. The common shares issued pursuant to the Shares for Debt Settlement are subject to a four month and one day hold period expiring on August 17, 2021.

About Jourdan

Jourdan is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSXV and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

For more information:

www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email: ir@jourdanresources.com
Phone: (416) 861-1685

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Helios Fairfax Partners Corporation: Result of Voting For Directors at Annual Shareholders’ Meeting

Helios Fairfax Partners Corporation: Result of Voting For Directors at Annual Shareholders’ Meeting




Helios Fairfax Partners Corporation: Result of Voting For Directors at Annual Shareholders’ Meeting

Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Helios Fairfax Partners Corporation (TSX: HFPC.U) (“HFP”) announces the results of the vote on Directors at its April 14, 2021 annual shareholders’ meeting.

Each of the nominee directors listed in HFP’s management proxy circular dated March 5, 2021 was elected as a director. The voting results for the nine directors nominated for election are set forth in the table below:

Name of Nominee Vote For
(
Aggregate)
% Withhold Vote
(Aggregate)
%
Ken Costa 2,780,745,751 100.0 519,184 0.0
Lt. Gen. (ret.) Roméo Dallaire 2,781,264,435 100.0 500 0.0
Christopher D. Hodgson 2,781,251,735 100.0 13,200 0.0
Tope Lawani 2,780,746,451 100.0 518,484 0.0
Quinn McLean 2,780,733,551 100.0 531,384 0.0
Ndidi Okonkwo Nwuneli 2,781,252,235 100.0 12,700 0.0
Richard Okello 2,781,251,735 100.0 13,200 0.0
Babatunde Soyoye 2,780,746,451 100.0 518,484 0.0
Michael Wilkerson 2,780,746,951 100.0 517,984 0.0

Helios Fairfax Partners is an investment holding company whose investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, Africa. 

For further information, contact:

Helios Fairfax Partners Corporation
Keir Hunt
General Counsel and Corporate Secretary
+1-416-646-4180

Neptune Digital Closes Cdn$40 Million Institutional Capital Raise to Accelerate Growth

Neptune Digital Closes Cdn$40 Million Institutional Capital Raise to Accelerate Growth




Neptune Digital Closes Cdn$40 Million Institutional Capital Raise to Accelerate Growth

VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) — Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (the “Company”) is pleased to announce that it has closed its previously announced sale to U.S. and foreign institutional investors of its common ‎shares (“Common Shares”) and warrants to purchase Common Shares (“Warrants”) for aggregate ‎gross proceeds to the Company of approximately Cdn$40 million (the “Private Placement”). ‎Pursuant to the Private Placement, the Company issued 29,630,002 Common Shares and Warrants to ‎purchase up to 14,815,001 Common Shares at a purchase price of Cdn$1.35 per Common Share and ‎associated half Warrant. Each whole Warrant entitles the holder thereof to purchase one Common ‎Share at an exercise price of Cdn$1.75 per Common Share at any time on or before April 16, 2024 ‎‎(totaling another approximately Cdn$26 million once exercised)‎.

We are very pleased to complete this equity financing well above our 20-day volume weighted average price. We have held back from doing any major financing since 2018 in order to minimize dilution to our shareholders. This equity financing marks an important milestone in the growth trajectory for Neptune and this capital will enable Neptune to rapidly advance its business plan, substantially grow our earnings and pursue a variety of new and exciting projects in both proof-of-stake and proof-of-work mining. We are also very pleased to expand our ‎institutional shareholder presence in the United States and abroad”, commented Cale Moodie, President and CEO, who managed this process for Neptune.‎

H.C. Wainwright & Co. acted as the exclusive placement agent for the Private Placement.‎

H.C. Wainwright & Co. received (i) a cash commission of approximately Cdn$2.8 million (equal to ‎‎7.0% of the gross proceeds of the Private Placement) and (ii) 2,222,250 non-transferable ‎compensation warrants (the “Agent Warrants”). Each Agent Warrant entitles the holder thereof to ‎purchase one Common Share at an exercise price of Cdn$1.6875 per Common Share at any time on or ‎before April 16, 2024.‎

The Company intends to use the net proceeds of the Private Placement to fund the development of a 5MW clean tech Bitcoin mining facility (i.e., negotiate property leases, purchase mining hardware, purchase containers for mining equipment, negotiate power purchase agreements with renewable energy providers and build out facilities and power infrastructure), to complete one or more purchases of Bitcoin mining ‎servers over the course of 2021‎, to invest in proof-of-stake mining (such as blockchain infrastructure and their ‎associated token ecosystems) and for ‎working capital and general corporate purposes. Details as to the intended specific allocation of the proceeds are ‎disclosed in the Prospectus Supplement referred to below and further business development ‎announcements will be made by Neptune in due course as they arise.‎

The Common Shares and Warrants issued under the Private Placement were qualified by way of a ‎prospectus supplement dated April 14, 2021 under the Company’s base shelf prospectus dated ‎April 12, 2021 (collectively, the “Prospectus Supplement”) which was filed in the province of British Columbia, copies of which are available under the Company’s profile at ‎www.sedar.com.

The Common Shares‎ and Warrants were offered and sold in the United States on a private placement basis pursuant to ‎exemptions from the registration requirements of the United States Securities Act of 1933, as ‎amended (the “U.S. Securities Act”) and all applicable state securities laws, and in certain other ‎jurisdictions in accordance with applicable securities laws. No securities were offered or sold to ‎Canadian purchasers.‎ The Private Placement remains subject to the final acceptance of the TSX Venture Exchange.

The securities issued under the Private Placement are subject to resale restrictions in the United States ‎under applicable U.S. federal and state securities laws with no resale restrictions in Canada.‎

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall ‎there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be ‎unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This ‎news release shall not constitute an offer of securities for sale in the United States. The securities ‎being offered have not been, nor will they be, registered under the U.S. Securities Act and such ‎securities may not be offered or sold within the United States absent registration under U.S. federal ‎and state securities laws or an applicable exemption from such U.S. registration requirements.‎

About Neptune Digital Assets Corp.

Neptune Digital Assets is a cryptocurrency and digital finance leader with a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including Bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi), and associated blockchain technologies.

ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

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

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, the future exercise of the Warrants and Agent Warrants; the rapid advancement of the Company’s ‎business plan; the future growth of the Company’s earnings;‎ the use of the net proceeds of the Private Placement including the future development of a 5MW clean tech Bitcoin mining facility,, the purchase of one or more ‎ Bitcoin mining servers, Proof-of-Stake investments and general and administrative expenses; the completion of one or more purchases of Bitcoin mining servers over the course of 2021‎; the anticipated timing for the Company receiving ASIC Bitcoin mining machines; the Company’s agreement with third-parties with respect to developing a 5MW clean tech Bitcoin mining facility, including with respect to the anticipated power supply therefor; the final acceptance of the Private Placement by the TSX Venture Exchange; and the potential for Neptune becoming a cryptocurrency leader‎. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE ‎UNITED STATES