Day: June 5, 2024

SAN FRANCISCO, June 05, 2024 (GLOBE NEWSWIRE) — Structure Therapeutics Inc. (NASDAQ: GPCR), a clinical-stage global biopharmaceutical company developing novel oral small molecule therapeutics for metabolic and cardiopulmonary diseases, today announced the pricing of its upsized underwritten public offering of 9,066,972 American depositary shares (ADSs), each representing three ordinary shares, at a public offering price of $52.50 per ADS. The aggregate gross proceeds to Structure Therapeutics from the offering are expected to be approximately $476.0 million, before deducting underwriting discounts and commissions and offering expenses. In addition, Structure Therapeutics has granted the underwriters a 30-day option to purchase up to an additional 1,360,045 ADSs at the public offering price, less underwriting discounts and commissions....

TORONTO, June 05, 2024 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce the appointment of Mark Utting as Vice President, Investor Relations effective immediately. Mr. Utting is a Chartered Financial Analyst with over 35 years of experience in investor relations, corporate communications and finance, mainly in the mining and financial services sectors. His mining experience includes serving as Senior Vice President, Investor Relations at Kirkland Lake Gold Ltd. (“Kirkland”) from June 2017 to February 2022 when Kirkland merged with Agnico Eagle Mines Limited. Prior to that, Mr. Utting was Vice President, Investor Relations for Tahoe Resources Inc. (“Tahoe”) from April 2016 to June 2017 following Tahoe’s acquisition of Lake Shore Gold Corp., where he had worked...

CALGARY, Alberta, June 05, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation“) (TSX: MXG) announced today the final director election results from its 2024 annual general meeting of shareholders held on June 5, 2024 (the “Meeting”). A ballot was conducted at the Meeting with respect to the election of the directors to hold office until the next annual meeting of shareholders. According to the proxies received and ballots cast, the following directors were elected at the Meeting to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Corporation:Nominee # Votes For % Votes For # VotesWithheld % VotesWithheldWiley D. Auch 35,130,856 99.72 99,153 0.28M....

VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, announces its operational results for May 2024: Key Highlights for May 2024:Bitcoin mined: 23 BTC Hashrate: 0.94 EH/s BTC balance: 449 BTCIn May 2024, DMG mined 23 bitcoin with a realized monthly average hashrate of 0.94 exahashes per second (EH/s). These results demonstrate the Company’s ongoing commitment to optimizing its mining operations and increasing efficiency. DMG’s bitcoin balance as of May 31, 2024 stands at 449 BTC, reflecting our strategic approach to growth and asset management. This reserve positions DMG favorably for future opportunities to deploy its capital. As...

ESTERO, Fla., June 05, 2024 (GLOBE NEWSWIRE) — via IBN – Mushrooms Inc. (OTC: MSRM), a leading innovator in biotechnology and sustainable healthcare solutions using mushrooms and mycelium, is pleased to announce that our board director has purchased 5 million shares of stock from an affiliate.  There were no loans or costs to the company for this transaction. The director has allocated this stock for use in advancing the company’s strategic initiatives, thereby preventing further dilution.  “Our director’s purchase of these shares is a major accomplishment in positioning Mushrooms Inc. for future growth and success,” said Kimberly Carlson, CEO of Mushrooms Inc. “This move is a win for our shareholders, who have shown steadfast support despite stock fluctuations. It underscores our commitment to leveraging our resources effectively...

Critical Metals Corp receives $15 million pre-payment from BMW NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) — Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp”), a leading mining development company focused on critical metals and minerals for the green energy transition, today announced that Bayerische Motoren Werkte Aktiengesellschaft (BMW) has transferred funds of US$15 million to ECM Lithium AT GmbH (ECM), a wholly owned subsidiary of Critical Metals Corp. This payment is in relation to the offtake of battery grade lithium hydroxide (LiOH) from the Wolfsberg Lithium Project in Austria which is to be offset against lithium hydroxide delivered to BMW. “We are pleased to move our partnership with BMW forward and look forward to supporting the production of their electric vehicles in Europe in the years to come, contributing...

BEIJING, June 06, 2024 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023. Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023. Net loss was RMB56.1 million (US$7.8 million), compared with net loss of RMB92.5 million in the first quarter of 2023. Net loss as a percentage of net revenues was negative 219.9% in the first quarter of 2024, compared with negative 997.9% in the first quarter of 2023. Adjusted net loss2 (non-GAAP), which excluded share-based compensation expenses...

Manning, who joined Array Technologies in January 2023, will oversee the company’s international operations ALBUQUERQUE, N.M., June 05, 2024 (GLOBE NEWSWIRE) — Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Neil Manning as president and chief operating officer. Manning will continue to report directly to Array’s chief executive officer, Kevin G. Hostetler. He has previously served as the chief operations officer since January 2023.  In addition to continuing his role overseeing Array’s integrated supply chain function, Manning will assume end-to-end profit and loss (P&L) responsibility for Array’s international operations. He will also lead Array’s geographic expansion priorities; implement key strategic deliverables...

New York, N.Y., June 05, 2024 (GLOBE NEWSWIRE) — Fly-E Group, Inc. (Nasdaq: FLYE) (“FLYE”) today announced the pricing of its initial public offering of 2,250,000 shares of its common stock, par value $0.01 per share, at an initial public offering price to the public of $4.00 per share. FLYE has granted the underwriters a 30-day overallotment option to purchase up to an additional 337,500 shares of common stock from FLYE at the initial public offering price, less underwriting discounts and commissions. FLYE’s shares of common stock have been approved for listing and are expected to begin trading on the Nasdaq Capital Market under the symbol “FLYE” on June 6, 2024. The offering is expected to close on June 7, 2024, subject to customary closing conditions. The gross proceeds to FLYE from the offering, before deducting underwriting...

HOUSTON, June 05, 2024 (GLOBE NEWSWIRE) — Bio-Path Holdings, Inc. (NASDAQ:BPTH) (“Bio-Path” or the “Company”), a biotechnology company leveraging its proprietary DNAbilize® liposomal delivery and antisense technology to develop a portfolio of targeted nucleic acid cancer drugs, today announced that it has closed its previously announced private placement for the issuance and sale of an aggregate of 1,809,955 shares of its common stock (or common stock equivalents in lieu thereof), series A warrants to purchase up to 1,809,955 shares of common stock and short-term series B warrants to purchase up to 1,809,955 shares of common stock at a purchase price of $2.21 per share of common stock (or per common stock equivalent in lieu thereof) and accompanying warrants priced at-the-market under Nasdaq rules. The series A warrants and short-term...