Day: October 6, 2022

Major Precious Metals Common Shares to Delist from the NEO Exchange at the Close of Business on October 7, 2022

Major Precious Metals Common Shares to Delist from the NEO Exchange at the Close of Business on October 7, 2022

VANCOUVER, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) — Major Precious Metals Corp. (“Major Precious Metals” or the “Company”) (CSE:SIZE | OTC:SIZYF | FRANKFURT:3EZ), announces that pursuant to shareholder approval obtained at its annual general and special shareholders’ meeting on September 13, 2022, the common shares of the Company will be delisted from Neo Exchange Inc. at the close of trading on Friday, October 7, 2022. The Company will become an unlisted reporting issuer. As a reporting issuer, the Company will continue to be subject to ongoing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada. About Major Precious Metals Corp. Major Precious Metals is a Canadian mining company advancing exploration of its flagship Skaergaard Project in eastern Greenland, which...

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Patriot Announces Closing of $20M Flow-Through Financing

Patriot Announces Closing of $20M Flow-Through Financing

VANCOUVER, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) — Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSXV: PMET) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce that it has completed a private placement of 1,507,170 charity flow-through common shares (the “FT Shares”) at a price of $13.27 per FT Share for aggregate gross proceeds of $20,000,145.90 (the “Offering”). The FT Shares are subject to a statutory hold period of four months and one day from the date of issuance. Blair Way, President and CEO, comments: “I am very pleased to be completing this significant financing for the Company at such a great premium. Our war chest is topped up again and we are fully funded to undertake our winter and spring drill program for the Corvette project. We will continue to drill out the CV5 corridor and explore the other...

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Enerflex Ltd. Announces Successful Placement of Committed Financing for Pending Acquisition of Exterran Corporation

Enerflex Ltd. Announces Successful Placement of Committed Financing for Pending Acquisition of Exterran Corporation

CALGARY, Alberta, Oct. 06, 2022 (GLOBE NEWSWIRE) — Enerflex Ltd. (“Enerflex” or the “Company”) (TSX: EFX), a leading supplier of vertically integrated products and services to the global energy industry, continues to advance towards its pending acquisition of Exterran Corporation (“Exterran”) (NYSE: EXTN) (the “Transaction”) by securing its committed financing. The Transaction is on track to close early in the fourth quarter of 2022. Marc Rossiter, Enerflex’s President and Chief Executive Officer commented, “Since announcing the Transaction in early 2022, business conditions have improved and natural gas fundamentals have strengthened, helping to offset today’s higher market interest rates. We recorded over Cdn$300 million of Engineered Systems bookings during the...

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Global Tech Industries Group, Inc. Updates its Shareholders on Recent Market Activity

Global Tech Industries Group, Inc. Updates its Shareholders on Recent Market Activity

New York, NY, Oct. 06, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that, in response to inquiries from the OTCMarkets, it will summarize its understanding of recent activity in its stock over the past several weeks, as follows: While the Company has no way of knowing why the market reacted as it has in the last several weeks, it believes it is mostly due to the fact that, as the market price became closer to and then passed the strike price of $2.75 to purchase Warrants, more buyers entered the market. The company distributed Warrants to its shareholders last April 6, 2021, which allowed shareholders to exercise one Warrant for every ten shares of stock held. As the Company’s float is over forty million shares, this could account for the increased...

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Knight Therapeutics Announces Regulatory Submission for Tafasitamab in Brazil

Knight Therapeutics Announces Regulatory Submission for Tafasitamab in Brazil

MONTREAL, Oct. 06, 2022 (GLOBE NEWSWIRE) — Knight Therapeutics Inc., (TSX: GUD) (“Knight”) a pan-American (ex-USA) specialty pharmaceutical company, announced today that its Brazilian affiliate, United Medical Ltd., has submitted a marketing authorization application for tafasitamab in combination with lenalidomide to ANVISA, the Brazilian health regulatory agency, for the treatment of adult patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL) who are not eligible for autologous stem cell transplantation (ASCT). In September 2021, Knight entered into an exclusive supply and distribution agreement with Incyte (NASDAQ:INCY), for the exclusive rights to distribute tafasitamab (sold as Monjuvi® in the United States and Minjuvi® in Europe), as well as pemigatinib (Pemazyre®), in Latin America. “We are...

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Nevada Copper Provides Update on the Proposed Restart Financing Package and Successful Completion of Second Dike Crossing

Nevada Copper Provides Update on the Proposed Restart Financing Package and Successful Completion of Second Dike Crossing

YERINGTON, Nev., Oct. 06, 2022 (GLOBE NEWSWIRE) — Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) refers to its news releases dated August 25, 2022 and September 26, 2022 with respect to the proposed financing package expected to provide up to $93 million of liquidity to the Company in order to support the restart and ramp-up of its Pumpkin Hollow underground copper mine (the “Underground Mine”) (the “Restart Financing Package”). As announced in the Company’s news release dated September 26, 2022, the closing of the Restart Financing Package was expected to occur on or about October 5, 2022. Since the Company’s news release of September 26, 2022: the Company has made positive progress with the Toronto Stock Exchange (“TSX”) to advance its previously announced financial hardship application...

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Gorilla Technology Group Inc. Reports First Half 2022 Financial Results.

Gorilla Technology Group Inc. Reports First Half 2022 Financial Results.

TAIPEI, Taiwan and NEW YORK, Oct. 06, 2022 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (NASDAQ: “GRRR” for ordinary shares and “GRRRW” for warrants) (“Gorilla” or the “Company”), a global leader in edge video analytic artificial intelligence, IoT technologies, and cybersecurity, today reported its unaudited financial results for the half year ended June 30, 2022. 1H22 Highlights: Strategic pivot to Security Convergence gaining traction, with segment revenue up 63.9% y/y; contributing 49.8% of total group revenue, versus 27.8% in the first half of 2021 Pivot away from Video IoT as anticipated, with segment revenue decreased 36.5% y/y as projects are completed First half of 2022 gross margin improved 106 basis points (bps) to 33.1% when compared to the first half of 2021, led primarily by higher gross margin of the Video IoT...

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K92 Mining Announces Strong Q3 Production Results, Achieving Record Mine and Mill Throughput

K92 Mining Announces Strong Q3 Production Results, Achieving Record Mine and Mill Throughput

Figure 1 Quarterly Total Mill Throughput, Development Metres Advanced and Total Mined Material Chart Strong quarterly production, the second highest on record, of 32,995 oz of gold equivalent (“AuEq”)(1) or 29,256 oz gold, 1,666,076 lbs copper and 32,161 oz silver and quarterly sales of 25,297 oz gold, 1,551,981 lbs copper and 28,396 oz silver. Record quarterly plant throughput of 117,938 tonnes processed or 1,282 tpd (“tonnes per day”), significantly exceeding Stage 2 Expansion run-rate (1,100 tpd) and a 35% increase from Q3 2021. Head grade during the quarter of 8.67 g/t gold, 0.72% copper and 11.53 g/t silver (9.81 g/t AuEq), with gold grades exceeding budget by 3%. Record mine production, with 122,035 tonnes ore mined during the quarter, or 1,326 tpd, an increase of 37% from Q3 2021. With the mine outperforming the mill, as...

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Poseidon Acquisition Corp. Continues Discussions to Acquire All Common Shares of Atlas Corp. Not Controlled by Consortium Members

Poseidon Acquisition Corp. Continues Discussions to Acquire All Common Shares of Atlas Corp. Not Controlled by Consortium Members

LONDON and TORONTO, Oct. 06, 2022 (GLOBE NEWSWIRE) — Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (NYSE: ATCO) (“Atlas” or the “Company”), certain affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax”)(TSX: FFH and FFH.U), the Washington Family, and Ocean Network Express Pte. Ltd., a global container, transportation and shipping company (the “Consortium”), announced today it believes it has made meaningful progress in its discussions with the Special Committee of the Board of Directors of Atlas to acquire all of the outstanding common shares of Atlas that the members of the Consortium do not already own or control for $15.50 per share in cash, plus payment of all ordinary course third quarter and fourth quarter 2022 dividends...

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Alector Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Alector Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

SOUTH SAN FRANCISCO, Calif., Oct. 06, 2022 (GLOBE NEWSWIRE) — Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology and innate immuno-oncology, today announced that on October 1, 2022, the compensation committee of Alector’s board of directors granted six new employees options to purchase an aggregate of 103,462 shares of the company’s common stock and restricted stock units (RSUs) for an aggregate of 51,730 shares of the company’s common stock. These awards are made under Alector’s 2022 Inducement Equity Incentive Plan (the “Plan”). The stock options each have an exercise price of $9.46 per share, equal to the closing price of Alector’s common stock on September 30, 2022. The stock options each have a ten-year term and vest over a period of four years with one forty-eighth of the shares...

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