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Year: 2019

Tanzanian Gold Corporation Plans to Start Mining at Buckreef Property; Continues Focus on the Development of the Buckreef Shear Zone; Announces 2019 Year End Results

TORONTO, Nov. 29, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation, (TSX:TNX) (NYSE American:TRX) (the “Company”) announced an update on the Buckreef Project and results for its fiscal year ended August 31, 2019.Buckreef ProjectThe Company is executing its plan to begin gold production at the Buckreef Project. The Company will begin with the mining and processing of high grade oxide reserves at or close to surface at the location of the open pit defined in the 43-101 Pre-Feasibility Study. An oxide open pit and a monthly production schedule has been defined. The Company expects to start a grade control drilling program on this oxide open pit in the next week. SGS/Bateman from South Africa is visiting the site to finalize a design for a 15tph plant to process the oxide reserves. Requests for bids have been published seeking Expressions...

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Novoheart Provides Corporate Update

VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) — Novoheart Holdings Inc. (“Novoheart” or the “Company”) (TSXV: NVH; FWB: 3NH) announced today that Joseph Leung resigned as Chief Financial Officer and Corporate Secretary of the Company effective immediately.Ronald Li, Chief Executive Officer, stated, “On behalf of Novoheart, I would like to thank Joseph for his contributions as CFO during his tenure at the Company. We wish him all the best in his future endeavors.”The appointment of Joseph Leung’s permanent replacement will be announced in due course. Camie Chan, Chief Operating Officer, will simultaneously serve as the Interim Chief Financial Officer and Corporate Secretary during the transition.ABOUT NOVOHEART HOLDINGS INC.

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CIBT Provides Update on its Normal Course Issuer Bid (Share Buy-Back)

VANCOUVER, B.C., Nov. 29, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) wishes to announce the suspension of the Company’s normal course issuer bid (share buy-back) which commenced December 14, 2018, in order to allow the Company to pursue a certain transaction. Since December 14, 2018, the Company has purchased a total of 2.643 million common shares from the open market.About CIBT Education Group:CIBT Education Group Inc. is one of the largest education, and student housing investment companies in Canada focused on the global education market since 1994. Listed on the Toronto Stock Exchange and U.S OTCQX International, CIBT owns business and language colleges, student housing properties, recruitment centres and corporate offices at 45 locations...

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Monument Reports First Quarter Fiscal 2020 (“Q1 2020”) Results

VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its first quarter production and financial results for the three months ended September 30, 2019. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).President and CEO Cathy Zhai commented: “During Q1 2020 metallurgical drill programs were completed to test and optimize recoverability of leachable materials at the pit 5/6 at Selinsing for the current CIL processing in bridging production gap while moving to sulphide production stage. Trial mining preparation work also commenced at the Peranggih Gold Prospect to confirm the average grade and test the metallurgical performance at plant scale....

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Radient Technologies Inc. Reports Second Quarter 2020 Financial Results and Provides Corporate Update and Guidance for the Remainder of Fiscal Year 2020

EDMONTON, Alberta, Nov. 29, 2019 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, has released its financial results for its second fiscal quarter ended September 30, 2019. The financial statements and Management’s Discussion & Analysis are available under the Company’s profile at www.SEDAR.com.Financial & Operational Highlights During Fiscal Q2 2020:Revenue:After thoroughly validating its proprietary extraction technology and processes, Radient is pleased to report revenues of CAD $1,238,350 in Q2 2020, representing an increase of 696% over revenues for the comparative quarter in the previous fiscal year.Radient’s cannabis biomass inventory totaled CAD $25.0...

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Fura Provides Update on Ruby Transaction in Mozambique

TORONTO, Nov. 29, 2019 (GLOBE NEWSWIRE) — Fura Gems Inc. (“Fura” or the “Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43) announces the extension of the drop dead date for the closing of the Merger of Ruby Assets Agreement dated July 14, 2018, as amended (the “MRAA”). In accordance with the MRAA, on November 28, 2019, the Company gave New Energy Minerals Ltd. (formerly known as Mustang Resources Ltd.) written notice to extend the drop-dead date of the MRAA from November 30, 2019 to December 31, 2019.The MRAA contemplates the purchase and sale by Fura of interests in three ruby licenses/concessions in Mozambique as follows: (i) 75% of the issued shares of Montepuez Minerals Pty Ltd., which owns a 70% interest in mining licence 5030L and an 80% interest in mining concession 8921C; and (ii) a right to earn a 65% interest in mining...

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Sarepta Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

CAMBRIDGE, Mass., Nov. 29, 2019 (GLOBE NEWSWIRE) — Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, granted equity awards on November 29, 2019, that were previously approved by the Compensation Committee of its Board of Directors under Sarepta’s 2014 Employment Commencement Incentive Plan, as a material inducement to employment to fourteen individuals hired by Sarepta in November 2019. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4).The employees received, in the aggregate, options to purchase 19,535 shares of Sarepta’s common stock, and in the aggregate, 9,875 restricted stock units (“RSUs”). The options have an exercise price of $112.49 per share, which is equal to the closing price of Sarepta’s common stock on November 29, 2019...

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Nabis Holdings Announces Resignation of Board Member

VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) — Nabis Holdings Inc. (CSE:NAB) (OTCQB: NABIF) (FRA: A2PL) (“NabisTM” or the “Company”), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, today announced that Larry Koza has resigned from the Company’s Board of Directors, effective November 22, 2019, in order to focus on other business obligations.Mark Krytiuk, COO and Board Chairman, commented, “On behalf of our Board of Directors, I want to thank Larry for his valuable service and contributions during Nabis’ rapid growth and expansion. We wish him the best of luck in his future endeavors.”About Nabis Holdings Inc.Nabis Holdings is a Canadian investment issuer that invests in high quality cash flowing assets across multiple industries, including...

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Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base

CALGARY, Alberta, Nov. 29, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.6 million, the Company currently has no amounts drawn under the Credit Facility.OVERVIEW OF CEQUENCECequence is engaged in the exploration for and the development of oil and natural gas reserves. The Company’s primary focus is the development of its Simonette asset in the Alberta Deep Basin with other non-core assets in Northeast British Columbia and the Peace River Arch of Alberta. Further information...

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RavenQuest Announces Change to Board of Directors

VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (CSE: RQB OTCQB: RVVQF Frankfurt: 1IT) (the “Company” or “RavenQuest”), today announced that Cassidy McCord has been appointed director of the Company. Ms. McCord’s bio can be found below.  RavenQuest further announces the resignation from the board of Mark Ahrens-Townsend.“As RavenQuest evolves toward profitability, the composition of our board has taken shape to reflect our plans for 2020 and beyond,” said George Robinson, RavenQuest CEO. “To fully realize our potential moving forward, I’m confident recent changes at the board level will provide impactful leadership and perspective as we transition from a start-up into an operating company.” Robinson continued.Cassidy McCordMs. McCord has a medicinal cannabis background, focusing on...

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