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Day: December 30, 2020

Mercury Systems Completes Acquisition of Physical Optics Corporation

ANDOVER, Mass., Dec. 30, 2020 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Physical Optics Corporation (POC).Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired POC for a purchase price of $310 million, subject to net working capital and net debt adjustments. The acquisition was funded through a combination of cash on hand and Mercury’s existing revolving credit facility.“We’re pleased that this transaction was completed on schedule; the next step is executing a seamless integration,” said Mark Aslett, Mercury’s president and chief executive officer. “The acquisition is directly aligned with our strategy and will enable us...

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Sunstock, Inc. Purchases 1000 Ounces of Silver

SACRAMENTO, Calif., Dec. 30, 2020 (GLOBE NEWSWIRE) — Sunstock, Inc. (OTC PINK: SSOK), involved in the buying, selling and distribution of precious metals, today announces it has purchased 1,000 ounces of silver, bringing its total investment in precious metals during Q4 2020 to more than $162,000.Since October, Sunstock has purchased 10,300 ounces of silver and 24 ounces of gold. The Company also recently announced its conversion of 600 million shares of preferred stock, enabling Sunstock to end the year free of third-party debt.“Our ability to round-off a challenging year like 2020 with a deeper inventory and improved balance sheet demonstrates our commitment to success and shareholder value,” stated Sunstock CEO Jason Chang. “We are heading into 2021 with a clear vision and strategy to increase revenues, uplist to the OTCQB, and...

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Clairvest Generates an IRR of 110% and a 4.7x Multiple of Capital on the Sale of Right Time Heating and Air Conditioning

TORONTO, Dec. 30, 2020 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) (“CVG”), today announced that it and Clairvest Equity Partner V (collectively, “Clairvest”) completed the sale of their shares in Right Time Heating and Air Conditioning (“Right Time” or the “Company”) to Gryphon Investors.Right Time is the largest independently owned heating, ventilation and air-conditioning (“HVAC”) contractor in Canada focused on the residential replacement market. Right Time provides preventative maintenance programs, repairs, and replacements of household HVAC units. In November 2018, Clairvest partnered with the two co-founders of Right Time to embark on a new growth chapter. Since partnering with Clairvest in late 2018, Right Time successfully executed upon three add-on acquisitions, enhanced its online customer acquisition strategy,...

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Lauritz.com Group A/S – Change in CEO position

No. 13/2020Copenhagen, 30 December 2020The Board of Directors and the CEO Carsten Rysgaard have agreed that Carsten Rysgaard will leave Lauritz.com Group A/S. Carsten Rysgaard will step down as CEO as per January 31st, 2021.Majority owner and chairman Bengt Sundström explains: “We thank Carsten Rysgaard for a constructive collaboration and for all his efforts put into Lauritz.com. Carsten joined us at a time of many changes. He has played an important role in the company’s development over the last year, during which Lauritz.com has shown a resilient path during the Covid-19 crisis, has taken over a number of auction houses from partners and has returned to growth during the autumn.” Bengt Sundström continues: “However, to pursue our ambitious strategy and further develop our business concept and categories within art, design and antiquities,...

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Derichebourg annonce entrer en négociations exclusives avec les actionnaires d’Ecore en vue de l’acquisition de ce dernier

Derichebourg annonce entrer en négociations exclusives avec les actionnaires d’Ecore en vue de l’acquisition de l’intégralité du capital de Groupe Ecore Holding (Luxembourg). L’accord est matérialisé par une promesse unilatérale d’achat assortie d’une période d’exclusivité devant permettre aux parties de finaliser leur accord. Sa réalisation est subordonnée à la signature des accords définitifs entre les parties. Elle interviendrait dans le respect des obligations applicables en matière de consultation des instances représentatives du personnel et serait soumise à l’autorisation préalable de l’autorité compétente en matière de contrôle des concentrations.Le groupe bénéficie d’un soutien financier de premier plan pour sécuriser les sujets de financement liés à ce projet d’acquisition.  Code ISIN : FR 0000053381-DBGPièce jointeCommuniqué...

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E2Gold Inc. Completes Oversubscribed Initial Public Offering, With a Lead Order From Palisades Goldcorp

Not for distribution to United States Newswire Services or for dissemination in the United States.TORONTO, Dec. 30, 2020 (GLOBE NEWSWIRE) — E2Gold Inc. (TSXV: ETU) (the “Company” or “E2Gold”) is pleased to announce that it has completed an oversubscribed initial public offering (the “Offering”) pursuant to which it has issued (i) an aggregate of 10,961,500 units (“Units”) at a price of $0.20 per Unit; and (ii) an aggregate of 5,421,100 “flow through” units (“FT Units”) at a price of $0.22 per FT Unit, to raise aggregate gross proceeds of $3,384,942, with a lead order from Palisades Goldcorp Ltd. (“Palisades”), all pursuant to a final prospectus of the Company dated December 21, 2020 (the “Final Prospectus”).Trading of the common shares of the Company on the TSX Venture Exchange (the “TSXV”) is anticipated to commence at the opening...

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Braille Energy Systems Inc. Announces That the Company Is Unaware of Any Material Change in Its Business

OTTAWA, Dec. 30, 2020 (GLOBE NEWSWIRE) — Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V: BES) (“BESI” or the “Company”), at the request of IIROC, wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.About Braille Energy Systems Inc.Braille Energy Systems Inc. holds an 89.95% equity interest in Braille Holdings Inc., which holds a 100% equity interest in Braille Battery Inc. Braille Battery is an established battery-manufacturing and energy storage company supplying batteries to the professional motor sports industry and the pioneer of a complete line of lightweight high powered battery systems for the transportation market. Braille Energy Systems (BESI) will expand its market penetration into...

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Triumph Gold Announces Additional Subscription Funds Received

Not for distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, Dec. 30, 2020 (GLOBE NEWSWIRE) — Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (the “Company”) announces that it is correcting its private placement completed in July 2020 to include an additional $137,000 in proceeds from subscriptions for 685,000 units (“Units”). Including the additional subscriptions, the total of the private placements announced July 17 and July 24 is 32,283,000 Units for proceeds of $6,747,000. Each Unit was comprised of one common share and one warrant of the Company. Each warrant is exercisable into one common share of the Company at an exercise price of $0.30 per share for a period of three years.Proceeds are being used primarily for the Company’s exploration activities and for...

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Quantum Computing Inc. Submits Application for Nasdaq Uplisting

LEESBURG, Va., Dec. 30, 2020 (GLOBE NEWSWIRE) — Quantum Computing Inc. (OTCQB: QUBT) (QCI), the first software platform to bridge the power of classical and quantum computing for the enterprise, has applied to list its common stock to the Nasdaq Capital Market®.“As the leading stock exchange for emerging growth companies, we anticipate a Nasdaq listing will elevate our profile in the investment community and increase awareness of our industry-leading Mukai™ quantum software development, connectivity and execution platform,” noted Robert Liscouski, CEO at QCI. “We expect broader market participation to support greater liquidity for our shareholders, increase our base with retail and institutional investors, and attract analyst coverage. The timing is also ideal, as we begin to launch several new growth initiatives.”For QCI, these...

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CapStar Bank launches The Southeastern School of Banking Diversity Scholarship for Tennessee Students

NASHVILLE, Tenn., Dec. 30, 2020 (GLOBE NEWSWIRE) — CapStar Bank and the Tennessee Bankers Association announce the launch of an annual diversity scholarship program to support individuals who are traditionally underrepresented in the financial services industry.Each year, the scholarship will award three junior or senior level undergraduate students, who are Tennessee residents and attend an accredited college or university, with full tuition and housing to The Southeastern School of Banking (TSSB). The southeast’s premier two-year banking school, TSSB offers a 70-hour practical banking curriculum with onsite instruction one week each year in Nashville, including financial analysis, macroeconomics, asset-liability management, investments, lending, strategic planning, liquidity/capital management, credit, technology, sales and human...

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