Month: June 2023

Praxis Precision Medicines, Inc. Announces Pricing of $59.1 Million Public Offering

Written by Customer Service on June 16, 2023. Posted in Public Companies.

BOSTON, June 15, 2023 (GLOBE NEWSWIRE) — Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced the pricing of its underwritten public offering of 55,150,000 shares of its common stock at a public offering price per share of $0.95 and, in lieu of shares of common stock, a pre-funded warrant to purchase up to an aggregate of 7,050,000 shares of common stock at a purchase price of $0.9499, which equals the public offering price per share of the common stock less the $0.0001 per share exercise price of each pre-funded warrant. The gross proceeds from the offering are expected to be approximately $59.1 million, before...

Mt Cattlin Ore Reserve update confirms mine life extension

Written by Customer Service on June 16, 2023. Posted in Public Companies.

Figure 1 Mt Cattlin Cross section Looking EastFigure 2 Mt Cattlin Stage 4 Open Pit PlanFigure 3 Mt Cattlin Stage 4 Open Pit PlanFigure 4 NPV Sensitivity to Key Revenue and Cost Factor VariablesSection 1 Sampling Techniques and DataSection 2 Reporting of Exploration ResultsBRISBANE, Australia, June 15, 2023 (GLOBE NEWSWIRE) — Allkem Limited (ASX: AKE, “Allkem” or the “Company”) provides an Ore Reserve update for its Mt Cattlin operation in Western Australia (“WA“). HIGHLIGHTSOre Reserve tonnage increased 34% to 7.8Mt at 1.20% Li2O and 130ppm Ta2O5 at a cut-off grade of 0.4% Li2O. The Ore Reserve and planned mining schedule suggests a projected Life-of-Mine for the next 4-5 years (2027-2028) via open pit mining methods. The Ore Reserve has increased with higher grade despite mining depletion to support production....

Global Star Acquisition Inc. Announces Merger With K Enter, a Diversified Korean Entertainment Company Valued at $610 Million

Written by Customer Service on June 16, 2023. Posted in Mergers And Acquisitions.

SEOUL, KOREA, and NEW YORK, NY, June 15, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Global Star Acquisition Inc. (NASDAQ: GLST;GLSTU; GLSTW, “Global Star”), a special purpose acquisition company (SPAC), led by CEO Anthony Ang, is thrilled to announce that it has entered into a merger agreement with K Enter Holdings Inc. (“K Enter”), a Delaware corporation. K Enter holds contracts to acquire seven diversified entertainment operating companies based in Korea, engaged in the entertainment content and IP creation businesses (the “Seven Korean Entities”), and K Enter plans to consummate the acquisition of the Seven Korean Entities prior to the closing of the merger. The merger combines Global Star’s strengths and expertise in finance and the strength and expertise in the global entertainment industry of K Enter and the...

Revolutionizing City Transportation: Electric Taxi Vertiport Industry

Written by Customer Service on June 16, 2023. Posted in Mergers And Acquisitions.

SkyQuest’s Electric Taxi Vertiport market report provides actionable insights for individuals interested in valuable data, trends, and opportunities in a rapidly growing industry. Additionally, the report is produced and published concisely, making it accessible to various audiences, from industry experts to market readers. Finally, one can gain an in-depth understanding of the primary and secondary market drivers, providing them with a comprehensive outlook of the current market situation and future projections. Westford, USA, June 15, 2023 (GLOBE NEWSWIRE) — The global Electric Taxi Vertiport market size is expected to reach USD 2342.65 million by 2028 and exhibit a CAGR of 29.56% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing demand for urban air mobility solutions,...

HUTCHMED and Takeda Announce Publication of Phase III FRESCO-2 Results in The Lancet

Written by Customer Service on June 16, 2023. Posted in Public Companies.

— Publication shows FRESCO-2 demonstrated treatment with fruquintinib reduced the risk of death by 34% in previously treated metastatic colorectal cancer (0.66 HR) — — Data support regulatory submissions in the U.S., Europe and Japan during 2023 — HONG KONG and SHANGHAI, China and FLORHAM PARK, N.J. and OSAKA, Japan and CAMBRIDGE, Mass., June 15, 2023 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:HCM, HKEX:13) and Takeda (TSE:4502, NYSE:TAK) today announced that results of the Phase III FRESCO-2 study evaluating fruquintinib in patients with previously treated metastatic colorectal cancer (“CRC”) were published in The Lancet. The publication provides details of the FRESCO-2 study results as of June 24, 2022. Summary results from this cut-off date were presented on September 12, 2022, at the European Society...

Descartes Announces Results of Annual Shareholder Meeting

Written by Customer Service on June 16, 2023. Posted in Public Companies.

WATERLOO, Ontario, June 15, 2023 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. announced the voting results from its annual meeting of shareholders held on Thursday, June 15, 2023 (the “Meeting”). Meeting Results The following matters, as set out in more detail in its Management Information Circular dated May 10, 2023, were considered and voted on by shareholders at the Meeting: General The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 75,061,434 which represented 88.23% of the 85,078,029 common shares of the Corporation that were outstanding on May 2, 2023 Election of DirectorsOn a vote by ballot, each of the following 10 nominees proposed by management of the Corporation was elected as a director of the Corporation:Director Nominee Number of Votes FOR Percentage...

HEMPSANA Announces Q4 and Fiscal 2022 Financial Results

Written by Customer Service on June 15, 2023. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, June 15, 2023 (GLOBE NEWSWIRE) — Hempsana Holdings Ltd. (the “Company” or “Hempsana”) today announced fourth quarter and annual financial results for the twelve-month period ended December 31, 2022. Randy Ko, Hempsana’s CEO commented: “Given the challenges we faced, I am encouraged by our results in 2022. The Cannabis industry underwent rationalization and pricing pressures intensified. This further weakened our balance sheet and strained our financial resources. In response to these challenges, we will continue to keep our costs and cash utilization to a minimum with and continue to focus on accelerating revenue growth and deliver new, unique...

Nevada Copper Provides Positive Operational Update

Written by Customer Service on June 15, 2023. Posted in Public Companies.

Significant Surface Ore Stockpile Increasing Significant Surface Ore Stockpile IncreasingKey Ventilation Raise Commissioned Key Ventilation Raise CommissionedKey Ventilation Project Completed, Significant Ore Stockpile and Mill Restart Preparation YERINGTON, Nev., June 15, 2023 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) provides an update on progress of its operating restart activities at its Pumpkin Hollow underground copper mine (the “Underground Mine”). Randy Buffington, President and CEO of Nevada Copper, stated, “We are extremely pleased with the accelerating progress as we prepare for the near-term commencement of processing operations and concentrate production.” Key Operational UpdatesDevelopment Mining Progressing Ahead of Schedule – as previously...

Structurlam Closes US$83.5 Million Sale to Mercer

Written by Customer Service on June 15, 2023. Posted in Mergers And Acquisitions.

PENTICTON, British Columbia, June 15, 2023 (GLOBE NEWSWIRE) — Structurlam Mass Timber Corporation (the “Company”), the leading mass timber manufacturer in North America, announced today it has closed on the sale of substantially all its assets to Mercer International Inc. (“Mercer”) for US$83.5 million. The Company had previously announced in April it had entered into a stalking horse asset purchase agreement (“Stalking Horse APA”) with Mercer for US$60 million in connection with the Company filing for chapter 11. The Stalking Horse APA was subject to higher and otherwise better bids as part of a chapter 11 auction which was conducted on May 23, 2023. After several rounds of bidding, the Company declared Mercer’s revised US$83.5 million bid to be the winner and received U.S. court approval of the sale during the sale hearing conducted...

Blue Moon Announces Closing of Strategic Financing

Written by Customer Service on June 15, 2023. Posted in Public Companies.

VANCOUVER, British Columbia, June 15, 2023 (GLOBE NEWSWIRE) — Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) announces it has closed a non-brokered private placement offering of common shares for proceeds of $500,240. The financing was priced at $0.065 per common share. The proceeds of the financing will be used for the Company’s Blue Moon project, including an updated mineral resource report and other work to advance and maintain the project. The proceeds will also be used for working capital and the review of other opportunities. There were no warrants and no finders’ fees associated with the financing. The shares issued pursuant to the financing are subject to a four month hold period. About Blue Moon Metals Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and...

Month: June 2023

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals