Year: 2024

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (“Mustang” or the “Company”) is pleased to announce that, pursuant to its news release of November 25, 2024, it has completed the first tranche of its non-brokered private placement for aggregate gross proceeds of C$2,148,250, pursuant to which it sold the following (together, the “Offering”):2,271,000 non-flow through common shares in the capital of the Company (each, a “Share”) at a price of C$0.25 per Share for gross proceeds of C$567,750 from the sale of the Shares; and 5,450,000 critical flow-through common shares of the Company (each, a “FT Share”, and collectively with the Shares, the “Offered Securities”) at...

VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka” or the “Company”) (TSX-V: LPK, FRA: LQP) has received an update from the Arbitral Tribunal regarding the Company’s ongoing Arbitration Claim against the Republic of Peru. In the update, the Tribunal advised that work on the ruling has continued since the last update, and completion of the English text is nearing the final stage. Considering the time necessary to finalize the ruling for dispatch in the two procedural languages, the Tribunal presently estimates that it will be in a position to dispatch its ruling to the Parties in the course of the first quarter of 2025. Gordon Ellis (CEO) commented “Although the amount of time that the arbitration process has taken so far seems protracted, our legal counsel assures us that...

TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) is deeply saddened to announce the passing of Paul J. Murphy, a Board member for over 14 years and Chairman for the past nine years. Mr. Murphy joined Alamos as a Director in 2010 and served as Chair of the Board since 2015, overseeing a period of transformative growth for the Company. He was a Partner of PricewaterhouseCoopers from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career, Mr. Murphy worked primarily in the resource sector, with a client list that included major international oil and gas and mining companies. “Paul was a beloved member of the Alamos family. He played an instrumental role in transforming Alamos from a single asset producer into the diversified, intermediate gold company it...

SASKATOON, Saskatchewan, Dec. 16, 2024 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces the closing of the sale (the “Transaction”) of its 100% owned Rattlesnake Hills Gold Project (the “Project”) to Patriot Gold Vault Ltd., (“Patriot”) a wholly owned subsidiary of Axcap Ventures Inc. (“Axcap”). Under the terms of the Transaction, Patriot will pay GFG an aggregate consideration of approximately C$3.3 million. “We are pleased to finalize the sale of our Rattlesnake Hills Gold Project as part of our strategy and commitment to maximize value for our shareholders”, stated Brian Skanderbeg, President and CEO of GFG. “This transaction not only provides GFG with exposure to future exploration success on the property through equity and milestone payments, but also allows us to benefit...

MONTRÉAL, Dec. 16, 2024 (GLOBE NEWSWIRE) — Earth Alive Clean Technologies Inc. (TSXV: EAC – “Earth Alive” or the “Company”) today announced that it has obtained an order from the Superior Court of Québec (the “Court”) extending the delay to file a proposal pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) until January 30, 2025. This extension will allow the Company to complete, under the supervision of the Court and with the assistance of the Trustee, its ongoing sale and investment solicitation process (the “SISP“), in order to conclude a transaction with a view to maximizing the value of the Company’s business and assets. The Company will provide further updates as developments regarding the notice of intention (“NOI”) proceedings and the SISP warrant. A copy of the relevant information...

Tuesday, December 17, 2024 at 8:00 am EST REDWOOD CITY, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) — Biomea Fusion, Inc. (“Biomea”) (Nasdaq: BMEA), a clinical-stage biopharmaceutical company dedicated to discovering and developing oral covalent small molecules to treat and improve the lives of patients with diabetes, obesity, and genetically defined cancers, today announced that it will host a conference call and webcast on Tuesday, December 17, 2024 at 8:00 am EST to present topline results from COVALENT-111, the company’s Phase II trial of icovamenib in patients with type 2 diabetes. Conference Call and Webcast Details Webcast of Biomea’s investor update on Tuesday, December 17, 2024, at 8:00 am EST will be available to registered attendees under the Investors and Media section of the company’s website at https://investors.biomeafusion.com/news-events/events. A...

SINGAPORE, Dec. 16, 2024 (GLOBE NEWSWIRE) — JBDI Holdings Limited (Nasdaq: JBDI) (“JBDI” or the “Company”) today announced that it received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on December 12, 2024 indicating that JBDI is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the Company’s ordinary shares (the “Ordinary Shares”) on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rules (the “Minimum Bid Price Requirement”). The Notice indicated that the Company has 180 days, or until June 10, 2025 (the “Compliance Deadline”), to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Ordinary Shares meet or exceed $1.00...