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Month: August 2020

Globex Sells Three Properties to Starr Peak Exploration

ROUYN-NORANDA, Québec, Aug. 10, 2020 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that it has sold 100% interest in the Normetal/Normetmar copper, zinc and silver property, the Rousseau gold project and the Turgeon Lake gold property located in Northern Quebec, to Starr Peak Exploration Ltd. (STE-TSXV, STRPF-OTC).In exchange, Globex will receive $150,000 in cash payments ($50,000 on signing, $50,000 at 6 months and $50,000 at one year), 1.2 million Starr Peak shares (currently $1.66/share) and a 2.5% Gross Metal Royalty, 1% of which may be purchased by Starr Peak prior to commercial production for $1.5 million.  Starr Peak will acquire 100%...

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Globex Vend Trois Propriétés à Starr Peak Exploration

ROUYN-NORANDA, Québec, 10 août 2020 (GLOBE NEWSWIRE) — ENTREPRISES MINIÈRES GLOBEX INC. (GMX – Bourse de Toronto, G1MN – Bourses de Francfort, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz et GLBXF – International OTCQX aux É.-U.) est heureuse d’annoncer qu’elle a vendu 100% de ses intérêts de la propriété de cuivre, zinc et argent Normétal/Normetmar, ainsi que les propriétés aurifères Rousseau et Lac Turgeon localisées dans le nord du Québec à Starr Peak Exploration Ltd. (STE-TSXV, STRPF-OTC).En échange, Globex recevra 150 000 $ comptant (50 000 $ à la signature, 50 000 $ après 6 mois et 50 000 $ après un an de la date de signature), 1,2 million d’actions de Starr Peak (présentement 1,66 $/action) et 2,5% de revenue brute sur les métaux (GMR), 1% pouvant être racheté par Starr Peak avant le début d’une production commerciale...

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Verisk Launches EHR Triage Engine to Help Speed Approval of Life Insurance Applications

Jersey City, NJ, Aug. 10, 2020 (GLOBE NEWSWIRE) — Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today the launch of its new EHR Triage Engine, a tool that uses data from consumer-authorized electronic health records (EHRs) to help life insurers fast-track many applications for coverage—potentially cutting decision time from weeks to minutes.The EHR Triage Engine bypasses manual workflows, leveraging advanced predictive analytics and automation to digitally ingest and analyze EHRs. The tool can evaluate 95,000 impairments in five minutes or less, so life insurers can qualify as much as 85 percent of applicants for coverage with minimal or no underwriter review. With automated processing of low-risk cases, carriers can provide a streamlined customer experience for the vast majority of their applications and enable...

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Captor Enters Into Joint Venture with California based Cannabis Retail Chain and Obtains a 51% Interest in a Total of 9 Cannabis Dispensaries in Northern California

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA; USOTC: CPTRF), (“Captor” or the “Company”) today announced that it entered into a joint venture (the “Joint Venture”) with California based Three Habitat Consulting Holdco Inc. (“Three Habitat”), which owns and operates a retail chain of dispensaries in California under the brand One Plant®.  Captor and Three Habitat have set up a joint venture company called Captor Retail Group Inc. (“CRG”), which will be owned 51% by Captor and 49% by Three Habitat.  Under the terms of a contribution agreement entered into between Captor and Three Habitat (the “Contribution Agreement”), Captor will contribute $2mm in cash along with its two Chai branded dispensaries in Santa Cruz and Castroville in exchange for its...

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Emerging Markets Report:  A Pretty Good Run

ORLANDO, Fla., Aug. 10, 2020 (GLOBE NEWSWIRE) — Just last month we ran an editorial about Global Diversified Marketing Group Inc (OTC: GDMK) which had seen an exceptional increase in sales due to Covid-driven Amazon buyers. The food and snack manufacturer, importer and distributor had found an-all new audience products like its popular macarons.What we didn’t know at the time was that it was just the beginning of a rapid market expansion for the Company. Take a look at the last few releases:Global Diversified Marketing Group Secures New Distribution by Expanding into Restaurant Depot Stores Nationwide

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HQGE’s Big M Entertainment Pictures Adds Two More Industry Veterans to Its Core Management Team

LOS ANGELES, CA, Aug. 10, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – HQ Global Education, Inc. (OTC: HQGE) and its subsidiary Big M Entertainment Pictures announced today that two more industry veterans, Torin Lee and Lauren (L.C.) Cragg, have officially been added to the subsidiary’s management group, and along with previously announced members Dominque Appleby, David Atkins, and Angela Raglin, have now joined CEO Marvin Williams to comprise Big M Entertainment’s core leadership team.Mr. Williams commented, “We are very pleased to announce the additions of Ms. Lee and Ms. Craig to Big M Entertainment’s executive team. Both of these outstanding professionals are already familiar with our company’s mission and direction and each brings with her a wealth of industry knowledge and experience that fit perfectly into our near and long-term...

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Avante Logixx Announces Divestiture of Citywide Locksmiths Inc.

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSXV: XX) (“Avante” or the “Company”) is pleased to announce that it has entered into a binding agreement with the minority shareholders of CityWide Locksmiths Inc. (“Citywide”) to sell Avante’s 70% interest in Citywide.  The transaction is expected to close on or before September 30, 2020.The majority position of Citywide was originally acquired by Avante on April 1, 2016 under previous management’s strategy of “Own the Home.”  Since acquisition, Citywide has contributed to Avante’s top and bottom line, provided access to many tightly controlled product lines, and generated cross selling opportunities between divisions.  During the fourth quarter of fiscal 2020, Citywide represented...

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Itafos Announces Refinancing of US$20,000,000 Secured Working Capital Facility at Itafos Conda

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Itafos (TSX-V: IFOS) (the “Company”) announced today that its wholly owned subsidiary, Itafos Conda LLC (“Itafos Conda”), has closed a US$20,000,000 secured working capital facility with JPMorgan Chase Bank, N.A. (the “Revolving Facility”), which refinanced the US$20,000,000 secured working capital facility with Gavilon Fertilizer, LLC (the “Gavilon Facility”).“The refinancing of our working capital facility lowers our cost of capital and provides a long-term solution to working capital management,” said George Burdette, CFO of Itafos.The Revolving Facility considers a commitment to loan up to US$20,000,000, of which US$10,000,000 was drawn at closing. The proceeds of the Revolving Facility will initially be used to repay the Gavilon Facility and thereafter for working capital and general...

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Gabriel Holding A/S upwardly adjusts its expectations for the 2019/20 financial year

Gabriel Holding A/S upwardly adjusts its expectations for the 2019/20 financial yearDespite continued serious uncertainty and unclear market prospects, the expectations for the 2019/20 financial year are adjusted upward. After 10 months, revenue of DKK 715-725 million (DKK 708 million last year) and profit before tax of DKK 28-33 million (DKK 62.9 million last year) are expected for the full financial year 2019/20.After 8 months of the 2019/20 financial year, Gabriel Holding A/S expected revenue of DKK 680-700 million (DKK 708 million) and profit before tax of DKK 22-27 million (DKK 62.9 million) for the full financial year.The quarterly report for the first three quarters of the year will be published on 20 August 2020. The preliminary results show that Gabriel Holding A/S has realised revenue growth of 7% to DKK 556 million (DKK 520...

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Gabriel Holding A/S opjusterer forventningerne til regnskabsåret 2019/20.

Gabriel Holding A/S opjusterer forventningerne til regnskabsåret 2019/20.På trods af fortsat stor usikkerhed og begrænset sigtbarhed i markedet opjusteres forventningerne til regnskabsåret 2019/20. Efter 10 måneder forventes således for hele regnskabsåret 2019/20 en omsætning på 715-725 mio. kr. (708 mio. kr. sidste år) og et resultat før skat på 28-33 mio. kr. (62,9 mio. kr. sidste år).Efter 8 måneder af regnskabsåret 2019/20 forventede Gabriel Holding A/S, for hele regnskabsåret, en omsætning på 680-700 mio. kr. (708 mio. kr.) og et resultat før skat på 22-27 mio. kr. (62,9 mio. kr.).Delårsrapporten for årets tre første kvartaler offentliggøres d. 20. august 2020. De foreløbige resultater viser at Gabriel Holding A/S  efter tre kvartaler, realiserer en omsætningsvækst på 7% til 556 mio. kr. (520 mio. kr.) og et resultat før skat på...

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