Month: February 2021

Ignite Invest (https://www.igniteinvest.co.uk) provides excellent alternative investments for those who want to diversify their portfolios. They offer various alternatives from structured property-based investments to unique opportunities in emerging and disruptive markets. They think outside the box and look for investment opportunities performing at above-market levels. They effectively identify anomalies showing massive growth, especially when markets are volatile and in decline and provide their clients with a direct route to diversify their portfolio. Their team of experienced professionals have worked for the real estate and financial service industry for years. Moreover, they take pride in their research of historical, current, and future market performance. They then analyse this data to provide their clients with impactful investment...

The current status quo of currency exchange and overseas remittance has always been burdened with the problems of high transaction fees and extended periods of time until an action has been made.After conducting extensive market research and casting predictions of the future, the solution we came up with was Eternal Wallet, and an addition to make platform even more convenient, The Transfer Token (hereinafter referred to as TTT). These services will be rolled out in sync with each other. The main features of the wallet are:– transactions between pairings of fiat currency, along with cryptocurrency are made almost instantly (within approximately 3 seconds), and at the industry’s most affordable rates (Telegraphic Transfer Middle Rate + 0.5%, + the USD equivalent of 5 cents)– users are able to lend out their held TTT to a system...

VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has submitted an application to Health Canada to amend its license to permit the sale of cannabis extract products to provincially authorized distributors and retailers nationwide.The Company recently announced a distribution agreement with a large Canadian Licensed Producer to distribute Pure Extracts’ vape and edible products through their established provincial distribution channels and thus, Pure Extracts expects to have significant sales momentum...

TORONTO, Feb. 22, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen” or the “Company”) is pleased to announce the filing of an updated technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), for the Gold Bar Mine (the “Feasibility Study” or “FS”). The technical report is available on SEDAR under the Company’s profile at www.sedar.com.Financial AnalysisThe FS Base Case using a gold price assumption of $1,500/oz generates a life-of-mine (LoM) discounted after-tax value of $55.2 million at an 8% discount rate. A summary of key economic metrics is provided in Table 1.Table 1. After-Tax Economic Sensitivity (2020 FS)Over the 6-year mine life, production will total 17.2 million tons of ore at a diluted gold grade of 0.025 oz/t...

TORONTO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported operating and financial results for three months and year ended December 31, 2020. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated.“We are very pleased to have delivered strong 2020 operating results despite the challenges from the COVID-19 pandemic,” said Mike Crawley, Northland’s President and Chief Executive Officer. “The recent announcement of our partnership in the 1200 MW Baltic Power project in Poland adds to our identified development projects creating a visible portfolio of 4 – 5 GW of incremental capacity. We are also pleased to announce our 300 MW New York Wind projects recently received IREC contract offers that provide a 20-year offtake agreement and...

SÃO PAULO, Brazil, Feb. 22, 2021 (GLOBE NEWSWIRE) — Vasta Platform Limited (“Company”) (NASDAQ: VSTA) today announced the execution by its subsidiary, Somos Sistemas de Ensino S.A. (“Somos Sistemas”), of a Sale and Purchase Agreement to acquire (the “Acquisition”), subject to certain conditions precedent, Editora Eleva S.A. (“Editora Eleva”), a K-12 education platform provider, from Eleva Educação S.A. (“Eleva”). As consideration for the Acquisition, Vasta will pay a purchase price amounting to R$ 580 million, subject to certain price adjustments, in installments over a 5-year period (each installment adjusted by the positive variation of the CDI index), which corresponds to a multiple of 16.6x the EBITDA of Editora Eleva for the year ended on December 31, 2020.In addition to the Acquisition, Saber Serviços Educacionais S.A. (“Saber”),...

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) — A buyer group led by Evercel, Inc. (“Evercel”) (OTC: EVRC) today announced the completion of its acquisition of ZAGG Inc. The transaction was previously announced on December 11, 2020 and received approval from ZAGG’s stockholders on February 18, 2021. Evercel will be the majority owner of the holding company formed to acquire ZAGG. Further terms of the transaction can be found in the proxy statement filed by the Company with the SEC, which may be obtained at the SEC’s website (www.sec.gov).Evercel will host a conference call for shareholders on Monday, March 1 at 4:30 EST to discuss the transaction and Evercel’s FY21 financial results, which can be found at www.evercel.com. Dial in information will be available on Evercel’s website.About ZAGG Inc. ZAGG Inc (NASDAQ: ZAGG) is a global leader...

TORONTO, Feb. 22, 2021 (GLOBE NEWSWIRE) — O2Gold Inc. (“O2Gold” or the “Company”) (TSXV: OTGO) announces today that, further to its news releases dated January 15, 2021 and February 8, 2021, the TSX Venture Exchange (“TSXV”) has granted an extension of 30 days for filing final documentation in respect of the previously announced private placement (the “Offering”). The Company plans to issue up to 25,000,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist 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 will entitle the holder to acquire one additional Common Share at an exercise price of $0.30 for a period of 24 months from issuance.Closing of the Offering...

GREELEY, Colo., Feb. 22, 2021 (GLOBE NEWSWIRE) — Pilgrim’s Pride Corporation (NASDAQ: PPC) is saddened to announce the passing of longtime board member Charles Macaluso this past weekend.“Charles was a tireless contributor to our company’s strategy, vision and success for more than a decade,” said Fabio Sandri, Pilgrim’s chief executive officer. “He was a colleague and friend who was critical to our company’s growth and transformation. His wise counsel, sense of humor and passion will be sorely missed.”Macaluso served as an independent board member at Pilgrim’s since 2009 and was a member of the Audit Committee. He was a principal of Dorchester Capital, LLC, a partner at Miller Associates, Inc., and served as a director of Williams Industrial Services Group Inc., Darling Ingredients Inc., and Landec Corporation.“On behalf of the...

VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) — Range Energy Resources Inc. (the “Company”) (CSE: RGO) (FWB: YGK) announces that its Board of Directors has authorized the implementation of a consolidation (the “Consolidation”) of the Company’s common shares (“Shares”) on the basis of one (1) post-Consolidation Share for every two hundred (200) pre-Consolidation Shares, effective February 26, 2021 (the “Effective Date”).The Company currently has 856,225,977 Shares issued and outstanding. Following the Consolidation, there will be approximately 4,281,129 Shares issued and outstanding. As provided for in the Business Corporations Act (British Columbia), no fractional Shares will be issued. Any fractions of a Share less than one half will be rounded down to the nearest whole number of Shares. Any fractions of at least...