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Month: April 2021

HUNTER TECHNOLOGY EXPANDS TEAM WITH TRADING, BLOCKCHAIN AND PRODUCT DESIGN SPECIALISTS

VANCOUVER, British Columbia , April 05, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Company”) is pleased to announce it has expanded its core product team with the addition of two seasoned technology platform developers as well as an accomplished product designer.Hunter’s two new senior software engineers bring extensive experience from online marketplaces including Amazon and CompareAsiaGroup as well as online trading platforms BNP Paribas and Diginex. These corporate experiences will expand the technology team with specialised expertise in marketplace technology, trading systems and blockchain development. Hunter has also secured a seasoned user experience and branding expert with proven track record to design customer-centric...

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CytoDyn Completes $28.5 Million Convertible Note Financing with Conversion Rate at $10.00 Per Share Without Warrants to Accelerate Manufacturing of Leronlimab Inventory

VANCOUVER, Washington, April 05, 2021 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today it completed an additional potentially non-dilutive convertible debt offering with an institutional investor, which provides $25 million of immediately available capital. The note has a two-year maturity, bears interest at the rate of 10% per annum and is secured by all assets of the Company, excluding its intellectual property. The note may be converted at the option of the investor into shares of the Company’s common stock at a conversion price of $10.00 per share. Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn, stated, “We...

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GameStop Announces At-The-Market Equity Offering Program

GRAPEVINE, Texas, April 05, 2021 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has filed a prospectus supplement withthe U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell up to a maximum of 3,500,000 shares of its common stock (the “Common Stock”) from time to time through an “at-the-market” equity offering program (the “ATM Offering”). The Company intends to use the net proceeds from any sales of its Common Stock under the ATM Offering to further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet. The timing and amount of any sales will be determined by a variety of factors considered by the Company. Common Stock will be offered through Jefferies LLC (“Jefferies”), which is serving...

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Servo Drive Market to Register 6.4% CAGR till 2027; Emerging Demand for Energy from Developing Countries to Stoke Market Growth: Fortune Business Insights™

Pune, India, April 05, 2021 (GLOBE NEWSWIRE) — The global servo drive market size is projected to reach USD 9.31 Billion by 2027, exhibiting a CAGR of 6.4% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Servo Drive Market, 2020-2027”. As per the report, the value of the market stood at USD 6.72 billion in 2019. Servo motors are highly popular in applications where precise position control is highly required. Hence, they are extensively utilized in robotic vehicles, metal cutting machines, antenna positioning systems, and oil & gas exploration equipment. Key enterprises are developing high-performance drives for such applications. For instance, in February 2021, Mitsubishi introduced a new series of servo drives, namely, MELSERVO MR-J5. The products under this series will...

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Automated Guided Vehicle Market 2028 – Featuring Daifuku Co., Ltd., Scott, Seegrid Corporation, KION GROUP AG Group Among Others

Pune, India, April 05, 2021 (GLOBE NEWSWIRE) — The worldwide automated guided vehicle (AGV) market size is scheduled to arrive at USD 3.39 billion by 2027, showing a CAGR of 9.2% during the gauge time frame. The rising tide of mechanical mechanization is probably going to arise as the focal factor driving the development of this market in the coming decade. Robotization in modern cycles is principally founded on the coordination of Artificial Intelligence-based advances like the Internet of Things (IoT) with the current foundation. Mechanized advances are surprising enterprises and their future looks tremendously encouraging. For instance, the World Economic Forum (WEF) gauges that by 2035, just 35% of working hours will be spent on manual routine positions that right now occupy 48% of work time. Moreover, the assembling, coordinations,...

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Eden Empire Secures Cannabis Development Permit and Announces Joint Venture in Historic Gastown Vancouver

VANCOUVER, British Columbia, April 05, 2021 (GLOBE NEWSWIRE) — EDEN™ (CSE:EDEN), is thrilled to announce that the City of Vancouver has granted to EDEN™ a development permit for a new retail cannabis location at 348 Water Street, located in the heart of Gastown, Vancouver. EDEN™ has also entered into a letter of intent with an arm’s length third party to operate its Gastown location as a joint venture for proceeds of $500,000CAD. EDEN™ intends to use these funds to expand its footprint in the State of Michigan. Key TakeawaysGastown serves as a primary shopping, dining and entertainment district in the heart of Downtown Vancouver. This location sits just steps from the Historic Steam Clock and Terminal SkyTrain Station. Expected to use the proceeds for further expansion in the US cannabis market.Gerry Trapasso, Director &...

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UP Fintech Holding Limited Announces US$90 Million Private Placement of Convertible Notes

BEIJING, April 05, 2021 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that a consortium of leading institutional investors has subscribed to purchase convertible notes in an aggregate principal amount of US$90 million through a private placement. Consummation of the placement of the convertible notes is subject to satisfaction of customary closing conditions. The convertible notes to be issued will mature in 2026 unless previously converted. About UP Fintech Holding Limited UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple...

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Mexus Prepares To Blast At Its Santa Elena Mine; Continues To Speak To Potential Partners

CABORCA, Mexico, April 05, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on April 12th the company plans on blasting at its Santa Elena mine located near Caborca, MX. The blast will produce approximately 10,000 tons of mineralized material averaging 2.2 gpt Au. Mexus expects to be producing gold from this material within 30 days of the blast. The company continues to speak to multiple mining companies concerning partnerships for all its properties. The company believes the time is right with the company controlling 24 claims on approximately 12,500 hectares. The claims are located in the Sonoran State of Mexico and reside near other producing mines. The Santa Elena project is operational with all the necessary permits and equipment to crush, mine, and leach an initial 2500 tons a day...

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Former U.S. Assistant Secretary of State for Energy Resources Frank Fannon Joins Standard Lithium Advisory Board

EL DORADO, Ark., April 05, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, today announced that the Honorable Francis R. Fannon has joined the company in the role of Strategic Advisor. Mr. Fannon will bring his deep expertise from both the public and private sector to actively support senior management on strategic issues, enhancing the Company’s overall capital markets profile and accelerating development and commercialization activities. In 2018, Fannon was unanimously confirmed by the United States Senate to serve as the inaugural Assistant Secretary of State for Energy Resources. In his role with the State Department, Fannon elevated global awareness of the role that critical materials...

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Tallinna Sadam audited Annual Report 2020 and dividend proposal

The supervisory board of AS Tallinna Sadam (hereinafter: “Tallinna Sadam”) approved the audited annual report for 2020 presented by the management board. There are no differences in the audited financial results, compared to the 12-month unaudited financial results disclosed on 26 February 2021. In 2020, the annual revenue of Tallinna Sadam group was EUR 107.4 million (–17.8%) and adjusted EBITDA amounted to EUR 58.4 million (–21.4%). Despite the pandemic, the profit for 2020 was EUR 28.5 million (–35.8%). Adjusted EBITDA margin decreased by 2.5 percentage points, but the volume of investments increased to EUR 37.1 million (+26%). According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, the negative impact of the pandemic on the company’s financial results was particularly noticeable in the Passenger harnours...

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