Month: September 2022

Executive Chairman Jay Chandan appointed as new CEO following retirement of founder Dr. Spincer Koh TAIPEI, Taiwan and NEW YORK, Sept. 12, 2022 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (Nasdaq: GRRR), a leader in edge video analytic artificial intelligence, IoT technologies, and cybersecurity, today announced the appointment of Executive Chairman Jayesh (Jay) Chandan to CEO, effective immediately. Chandan succeeds founder and CEO Dr. Spincer Koh who is entering retirement following his more than two-decade long commitment to the company. “Gorilla is at an exciting nexus point, following its recent listing as a publicly traded company with working capital, strong growth momentum and international expansion in our sight line. As the edge computing market continues to scale exponentially, we continue to improve...

WASHINGTON, Sept. 12, 2022 (GLOBE NEWSWIRE) — Western Magnesium Corporation (WMC) (TSXV: WMG.V; Frankfurt-3WM; OTCQB: MLYF) (“Western Magnesium” or the “Company”) announces the appointment of long-time Board member Steve Thorlakson as Interim CFO, effective immediately. Mr. Thorlakson brings extensive financial and business management expertise, having worked more than three decades within the financial services and construction industry, and has proven success in the construction project management and logistics sectors. He has been a trusted member of the Company’s Board of Directors for nearly a decade. Mr. Thorlakson skillfully executed financial responsibilities for Western Magnesium as interim CFO between 2016-2017. Mr. Thorlakson replaces Mr. Ramsey Hamady. The Company will launch a formal search process to identify a permanent...

NEW YORK, Sept. 12, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, is pleased to announce that it has hired Catherine Chao Shang, as Vice President, Corporate Services and Market Data Business Development, headquartered in Singapore. OTC Markets Group’s expansion into Asia is part of a broader strategy to assist global issuers looking to access the U.S. Capital Markets as well meet demand for OTC data distribution across the region. “We are thrilled to welcome Catherine to our international team,” said Jason Paltrowitz, EVP, Corporate Services, OTC Markets Group. “Building out our presence in Singapore will play a pivotal role in the growth of OTC Markets internationally and will help us further cultivate relationships with...

VANCOUVER, British Columbia, Sept. 12, 2022 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce the filing on SEDAR of an updated independent Mineral Resource Estimate (“MRE”) for its Lorraine property, located approximately 280km northwest of Prince George, BC and approximately 40km from the Company’s Kwanika-Stardust Projects. The MRE results were previously disclosed in the Company’s news release dated July 27, 2022. The technical report is entitled “Lorraine Copper-Gold Project NI 43-101 Report & Mineral Resource Estimate Omineca Mining Division, B.C” dated September 12, 2022 with an effective date of June 30, 2022 (the “Technical Report”). The Technical Report was authored by Michael Dufresne, M.Sc., P. Geol., P.Geo. and Alfonso Rodriguez, M.Sc.,...

VANCOUVER, British Columbia and IRVINE, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) — PowerTap Hydrogen Capital Corp. (NEO: MOVE) (OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”) is pleased to announce that it has engaged T2M Global (“T2M”) as its engineering and design partner to conduct validation of its Gen3 Modular Hydrogen Production and Dispensing Unit (MHPDU) and to provide final engineering for lower-cost manufacturing with enhanced robustness. The demand for hydrogen refueling stations is growing rapidly worldwide promising a multi-billion dollar market. To capitalize on this demand, PowerTap has engaged T2M Global to fast-track initial station delivery. The T2M team, led by Mr. Pinakin Patel, has extensive experience in production of green hydrogen for multiple applications...

Yokne’am Illit, Israel, Sept. 12, 2022 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company”), a growth company developing a non-invasive neural input interface technology for B2B and B2C customers, today announced the pricing of its initial public offering of 3,750,000 common units. Each common unit is being offered at a public offering price per common unit of $4.25 and consists of one ordinary share and two warrants to purchase one ordinary share each, with an initial exercise price of $4.00 per share. The gross proceeds of the offering are expected to be approximately $16 million before deducting underwriting discounts and commissions and offering expenses. The offering is expected to close on September 15, 2022, subject to satisfaction of customary closing conditions. In addition, the Company has granted Aegis Capital Corp....

MARIETTA, GA, Sept. 12, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Global Consumer Acquisition Corp. (NASDAQ: GACQU, GACQ, GACQW) (“GACQ” or the “Company”), a special purpose acquisition company, announced today that Global Consumer Acquisition LLC (the “Sponsor”), the Company’s initial public offering sponsor, has deposited into the Company’s trust account an aggregate of $1,826,300 (representing approximately $0.10 per share of GACQ’s common stock), in order to extend the period of time the Company has to complete a business combination for an additional three (3) months period, from September 11, 2022 to December 11, 2022. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited on September 9, 2022. The promissory note bears no interest and can be repaid or converted into the Company’s...

TORONTO, Sept. 12, 2022 (GLOBE NEWSWIRE) — Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD, OTCQX:UGDIF, FSE:UGB1) is pleased to announce that it has closed a second and final tranche (“Final Tranche”) of a non-brokered private placement of up to 20,000,000 units of the Company (each, a “Unit”) at a price of $0.08 per Unit for gross proceeds of up to $1,600,000 (the “Offering”). Each Unit consists of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.30 until the date that is the earlier of: (i) one year following the date of issue, or (ii) 30 days after the date on which...