Month: May 2022

MONTREAL, May 27, 2022 (GLOBE NEWSWIRE) — AM Resources Corporation (“AM” or the “Corporation”) (TSXV: AMR) (Frankfurt: 76A) is providing investors with an update on its non-brokered private placement (the “Private Placement”) of up to 40,000,000 units (each a “Unit”) at a price of $0.05 per Unit, for gross proceeds of up to $2,000,000. As previously announced, the Corporation has completed a first and a second tranche for aggregate gross proceeds of $1,315,500, consisting of the issuance of 26,310,000 Units. Each Unit is comprised of one common share of the Corporation and one-half of one warrant. Each warrant entitles the holder to acquire one common share of the Corporation at a price of $0.075 for a period of 24 months following the closing of the Private Placement. The Corporation expects to complete the Private Placement early...

Consolidation, Headcount, and Reductions Expected to Yield Material Annualized Cost Savings, effective July 1, 2022 DENVER, May 27, 2022 (GLOBE NEWSWIRE) — Akerna Corp. (Nasdaq: KERN) (“Akerna”), a leading enterprise software company and developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engines powering the global cannabis industry, today announced that the Company is implementing a plan to reduce its workforce and operating costs in order to focus its resources, accelerate its path to profitability, and create stakeholder value. “Our sales performance in 2022 has thus far met our expectations. We believe we are showing signs of progress with revenue now at a run rate of $27m at last filing,” commented Jessica Billingsley, Akerna’s Chief Executive Officer. “While we believe we can...

Cambridge, MA U.S.A. (May 27, 2022) — Allarity Therapeutics, Inc. (“Allarity” or the “Company”), a clinical-stage pharmaceutical company developing novel oncology therapeutics together with drug-specific DRP® companion diagnostics for personalized cancer care, today reported financial results for the first quarter ended March 31, 2022. First Quarter Financial Results Balance Sheet: As of March 31, 2022, Allarity’s cash was $14.5 million, as compared to $19.6 million as of December 31, 2021. R&D Expenses: Research and Development (R&D) expenses were $1.3 million for the three months ended March 31, 2022, compared to $1.3 million for the quarter ended March 31, 2021. Impairment of Intangible Assets: Impairment of Intangible Assets was $14.0 million for the three months ended March 31, 2022, compared to nil for the quarter ended...

OTTAWA, May 27, 2022 (GLOBE NEWSWIRE) — Leonovus Inc., (“Leonovus”) (TSXV: LTV) announces the filing of its unaudited Interim Financial Statements and Management Discussion and Analysis (“MD&A“) for the quarter ended March 31, 2022. The MD&A provides a comprehensive discussion of Leonovus’ financial position, and the results of operations are available on SEDAR at www.sedar.com. Amounts are in Canadian dollars. On April 28, 2022, the Company launched Torozo, its software as a service (“SaaS”) (www.torozo.com) to the public marketplace. Torozo is a hyper-secure file sharing, file transfer and file storage service. The initial target markets are legal firms and financial users, where users need a more secure document sharing and transfer method than email or current less secure...

VANCOUVER, British Columbia, May 27, 2022 (GLOBE NEWSWIRE) — Wellbeing Digital Sciences Inc. (“Wellbeing” or the “Company”) (NEO: MEDI) (OTC: KONEF) (FRA: SQ2), an evidence-based mental healthcare company focused on the development and implementation of innovative clinical solutions, including psychedelic medicine and digital therapeutics as supported by clinical research, announces the resignation of its Chief Financial Officer, Joseph Ramelli. The Board of Directors thanks Mr. Ramelli for his contributions to Wellbeing since accepting the role in late 2021. The Company expects to announce the appointment of a new Chief Financial Officer in the near future. ABOUT WELLBEING DIGITAL SCIENCES Wellbeing Digital Sciences Inc. is an evidence-based mental healthcare company focused on the development and implementation of innovative...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 27, 2022 (GLOBE NEWSWIRE) — FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce closing of the second and final tranche of the non-brokered private placement (the “Offering”) first announced March 17, 2022. The second tranche consisted of 2,885,715 Common Shares at a price of CAD$0.70 per share and 100,000 flow-through common shares at a price of CAD$0.99 per share for gross proceeds of $2,119,000. In total the financing comprised two tranches totaling 8,472,159 Common Shares at a price of CAD$0.70 per share and 7,300,000 Flow-Through Shares at a price of CAD$0.99 per share for total gross proceeds of CAD$13,157,511. Highlights$13.1 million...

SHENZHEN, CHINA, May 27, 2022 (GLOBE NEWSWIRE) — UTime Limited (NASDAQ: UTME) (“UTime”), a mobile device manufacturing company focused on China and other emerging markets, today announced that the company’s Board of Directors has appointed Weiyuan Wang to the Board. Mr. Wang will serve as an independent Board member and will also serve as the Chairman of the Nominating and Corporate Governance Committee and the member of the Audit Committee and the Compensation Committee of the Board of Directors. Mr. Wang joins the UTime Board of Directors following the voluntary resignation of Lawrence Eckles from the Board of Directors for personal reasons. About UTime Limited UTime Limited operates as a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income...

MONTREAL, May 27, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (the “Corporation”) (Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payment platform, today announced the results of its annual and special meeting of shareholders held on May 27, 2022. 1.     Election of Directors The six (6) nominees for directors proposed by management of the Corporation were elected by a majority of the votes cast by the shareholders present or represented by proxy at the meeting. The votes cast for each nominee were as follows:Nominees Percentage of Votes For Percentage of Votes WithheldPhilip Fayer 99.52% 0.48%Michael Hanley 97.80% 2.20%David Lewin 96.64% 3.36%Daniela Mielke 97.87% 2.13%Pascal Tremblay 97.41% 2.59%Samir Zabaneh 99.99% 0.01%2.     Appointment of Auditors PricewaterhouseCoopers LLP, chartered accountants, were appointed...

BOSTON, May 27, 2022 (GLOBE NEWSWIRE) — AGF Investments LLC (TSX:AGF.B) announced today the closure and liquidation of AGFiQ Hedged Dividend Income Fund (DIVA) on or about June 28, 2022. The decision to close and liquidate was driven by the firm’s continued effort to simplify and streamline their offerings; as well as the small number of investors, relatively low assets and the costs associated with maintaining the ETFs. The last day of trading on NYSE Arca, Inc. (“NYSE Arca”) for the Fund is expected to be June 13, 2022. Effective upon the close of business on June 13, 2022, the Fund will no longer accept orders for the purchase of Creation Units. Beginning today, the Fund may not pursue investment objective or engage in normal business activities, except for the purposes of winding up business and affairs, preserving the value...