Month: June 2020

Loncor Files NI 43-101 Technical Report on Imbo Project, Confirming Inferred Mineral Resource Increase to 2.5 Million Ounces

Written by Customer Service on June 11, 2020. Posted in Public Companies.

TORONTO, June 10, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQB: “LONCF”) announces that it has filed on SEDAR an independent National Instrument 43-101 technical report (the “Technical Report”) relating to the Company’s Imbo Project, in particular, the updated gold mineral resource estimates for the Imbo Project reported in the Company’s April 17, 2020 press release. The Technical Report, which was prepared by Minecon Resources and Services Limited, has an effective date of April 17, 2020 and is entitled “Independent National Instrument 43-101 Technical Report on the Imbo Project, Ituri Province, Democratic Republic of the Congo”.Highlights from April 17, 2020 press release confirmed in Technical Report:The Imbo Project inferred...

Sorrento Announces It Has Submitted an Emergency Use Authorization (EUA) Application for the COVI-TRACK Diagnostic Test for the Detection of Antibodies to SARS-CoV-2

Written by Customer Service on June 11, 2020. Posted in Public Companies.

SAN DIEGO, June 10, 2020 (GLOBE NEWSWIRE) — Sorrento Therapeutics, Inc. (Nasdaq: SRNE, “Sorrento”) today announced that an Application for Emergency Use Authorization (EUA) is under review at the U.S. Food and Drug Administration (FDA) for its COVI-TRACKTMin vitro diagnostic test kit for the independent detection of IgG and IgM antibodies in sera of patients exposed to the SARS-CoV-2 virus.The rapid antibody test allows for results to be available in eight minutes or less. The easy to use assay develops three clear lines that confirm the assay validity and the qualitative detection and differentiation of IgM and IgG antibodies to the SARS-CoV-2 virus.Analytical validation was performed by testing sample cohorts from healthy donors and confirmed positive COVID-19 patient samples by RT-PCR testing, and the assay demonstrated...

ChemoCentryx Prices Public Offering of Common Stock

Written by Customer Service on June 11, 2020. Posted in Public Companies.

MOUNTAIN VIEW, Calif., June 10, 2020 (GLOBE NEWSWIRE) — ChemoCentryx, Inc. (Nasdaq:CCXI) announced today that it has priced an underwritten public offering of 5,200,000 shares of its common stock at a price to the public of $58.00 per share. The gross proceeds to ChemoCentryx from the offering, before underwriting discounts and commissions and offering costs, are expected to be $301,600,000. ChemoCentryx has granted the underwriters a 30-day option to purchase up to an additional 780,000 shares of its common stock on the same terms and conditions. All shares of the common stock to be sold in the offering will be offered by ChemoCentryx. The offering is expected to close on June 15, 2020, subject to satisfaction of customary closing conditions.SVB Leerink and Piper Sandler are acting as joint lead bookrunning managers for the offering,...

CareDx Announces Pricing of Public Offering of Common Stock

Written by Customer Service on June 11, 2020. Posted in Public Companies.

SOUTH SAN FRANCISCO, Calif., June 10, 2020 (GLOBE NEWSWIRE) — CareDx, Inc. (Nasdaq: CDNA), a leading precision medicine company focused on the discovery, development and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers, today announced the pricing of an underwritten public offering of 3,906,250 shares of its common stock at a public offering price of $32.00 per share. The gross proceeds to CareDx from this offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $125,000,000. In addition, CareDx has granted the underwriters a 30 day option to purchase up to 585,937 additional shares of its common stock offered in the public offering on the same terms and conditions. The offering is expected to close on or about...

Silvercorp Elects Not to Match Superior Proposal for Guyana Goldfields

Written by Customer Service on June 11, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announced today that, further to Guyana Goldfields Inc.’s (“Guyana Goldfields”) press release of June 3, 2020 announcing receipt of a superior proposal from a third party, Silvercorp has elected not to exercise its “right to match” and will not increase the consideration payable to Guyana Goldfields shareholders under its arrangement agreement with Guyana Goldfields (the “Arrangement Agreement”). In the event Guyana Goldfields terminates the Arrangement Agreement, Silvercorp will receive a termination fee of C$9.0 million concurrent with such termination.About SilvercorpSilvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in...

Idaho First Bank Releases Guidance Due to PPP Loan Activity

Written by Customer Service on June 10, 2020. Posted in Public Companies.

MCCALL, Idaho, June 10, 2020 (GLOBE NEWSWIRE) — Idaho First Bank (the “Bank”) (OTC: IDFB), a leader in Paycheck Protection Loans during COVID-19 shutdowns, advises that it believes that this activity will result in a material one-time increase to its revenue in 2020. The Bank is projecting an increase in 2020 revenue of between $5 million and $8 million once the revenue is fully received from its participation in the PPP process. While significant costs will also be incurred to service these loans, including addressing the forgiveness of loans as mandated by the CARES Act, with approximately 4.5 million common shares outstanding, the projected increase in revenue results in a per share increase of between $1.10 to $1.76, respectively, if we receive the expected revenue in 2020. It is likely the Bank will also use a portion of the...

Early Warning Report Filed Pursuant to National Instrument 62-103 for the Acquisition of Common Shares of Solstice Gold Corp.

Written by Customer Service on June 10, 2020. Posted in Mergers And Acquisitions.

MONTREAL, June 10, 2020 (GLOBE NEWSWIRE) — Michael Gentile announces today that pursuant to a non-brokered private placement offering (the “Offering”) of units (“Units”) by Solstice Gold Corp. (the “Corporation”), Mr. Gentile has acquired an aggregate of 11,054,833 Units of the Corporation for total consideration payable to the Corporation of $442,193.32 (the “Acquisition”).The Offering consisted of the issuance by the Corporation of an aggregate of 29,969,666 Units at a price of $0.04 per Unit for total gross proceeds of $1,198,786.64. Each Unit is comprised of one common share of the Corporation (each, a “Common Share”) and one Common Share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant issued as part of the Units entitles the holder thereof to acquire one additional Common Share at a price of $0.06 per Common...

Imperial Reports Red Chris Exploration Update

Written by Customer Service on June 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports on the exploration drill programs at Red Chris mine conducted by Newcrest Red Chris Mining Limited, operator of the Red Chris Joint Venture (Newcrest 70%/ Imperial 30% as of August 15, 2019). This follow up drilling continues to confirm the continuity of a discrete ‘pod’ of high grade mineralization in the vicinity of RC09-350 and RC611. Drill hole RC623, drilled to intersect the high grade pod 100 metres above RC611, intersected 232 metres grading 2.6 g/t gold and 1.5% copper that included a 122 metre interval grading 4.5 g/t gold and 2.3% copper. Hole RC620, drilled 100 metres below RC611, has confirmed the extent of the +1 g/t gold halo which surrounds the high grade pod. Follow up infill drilling continues...

Panoro Minerals Completes Sale of Cochasayhuas Gold Project

Written by Customer Service on June 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (“Panoro”, the “Company”), is pleased to announce that it has completed the sale of the Cochasayhuas Gold Project to Mintania S.A.C. (Mintania) of Peru for a total of US$ 2.45 million to be paid in instalments plus a 5% Net Smelter Return royalty (NSR) for 15 years from the commencement of commercial production.The cash installments will be paid according to the following schedule:US$ 450,000 in 2020, on closingUS$1,000,000 in 2021;US$ 750,000 in 2022;US$ 250,000 in 2023; andThe payment of the 5% NSR will commence on a quarterly basis following the start of commercial production.The Cochasayhuas Project is a past producing underground mine in operation until the 1950’s with a total life of mine production of...

Lupaka Gold Completes Closing of Non-Brokered Private Placement

Written by Customer Service on June 10, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka Gold” or the “Company“) (TSX-V: LPK, FRA: LQP) announces that the Company has closed the non-brokered private placement previously announced on May 14, 2020, utilizing the TSX Venture Exchange’s Temporary Relief Bulletin dated April 8, 2020. The Company issued 5,000,000 common shares at a price of $0.02 per common share (“Shares”) of the Company for gross proceeds of $100,000 (the “Placement”). All Shares issued are subject to a 4- month hold period from the date of issuance.The proceeds from the offering will go towards annual auditor’s fees, regulatory and listing fees, with the balance available future corporate administration....

Month: June 2020

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