Breaks Categories: News

TuesdayOct 06, 2020 10:10 am

NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Announces Divesture of WaveTech GmbH, TNS Subsidiaries

Spectrum Global Solutions (OTCQB: SGSI), a single-source provider of next-generation communications network and professional services to telecommunications and enterprise markets, today announced the company’s divestiture of its WaveTech GmbH and TNS subsidiaries to a company controlled by three former members of its board of directors. Spectrum’s Series C Convertible Preferred Stock has, in effect, been eliminated in connection with the divestiture and will retire more than $1.7M in convertible debt and other balance sheet liabilities. “The divestiture of these companies will allow Spectrum to proceed in a more streamlined and focused direction with a stronger balance sheet and without an…

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TuesdayOct 06, 2020 9:41 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces ‘Clean Slate’ from Debt Coupled with Strong Working Capital

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, today announced that the company became debt-free following the retirement of its remaining C$10,430,000 of floating-rate convertible unsecured subordinated debentures (the " Debentures "). As of today, no Debentures remain outstanding, and they have ceased to be listed on the Toronto Stock Exchange. Further, Energy Fuels currently has no other remaining short- or long-term debt. "While many uranium and other natural resource companies have significant debt burdens, Energy Fuels is proud to announce that today we became debt free," Mark S. Chalmers, president and CEO…

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MondayOct 05, 2020 2:00 pm

NetworkNewsBreaks – 180 Life Sciences Corp. Announces New Board Appointments

KBL Merger Corp. (NASDAQ: KBLM) (KBL Merger Corp. Rights NASDAQ: KBLMR) (KBL Merger Corp. Warrant NASDAQ: KBLMW), a Special Purpose Acquisition Corporation (SPAC) that previously entered a definitive agreement to acquire 180 Life Sciences, a clinical-stage biotechnology company, recently announced the appointment of Professor Richard Barker, Larry Gold Md., Shoshana Shendelman PhD., and Donald McGovern Jr. to its board of directors, upon completion of the business combination. 180 Life Sciences is led by Dr. James Woody, who previously served as the founding CEO of OncoMed Pharmaceuticals and president and general manager of Roche Bioscience. “I’m pleased to welcome Richard, Larry,…

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MondayOct 05, 2020 11:46 am

NetworkNewsBreaks – LexaGene Holdings, Inc. (TSX.V: LXG) (OTCQB: LXXGF) Issues Corporate Update

LexaGene Holdings (TSX.V: LXG) (OTCQB: LXXGF), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, today provided a general corporate update. Among highlights provided in the update, LexaGene is in a strong position to support its development goals for the next year and beyond with its treasury currently standing at US$11.3 million (C$14.9 million). “Our MiQLab(TM) pathogen detection system has 230 unique components. Over the summer, the coronavirus pandemic caused some supply chain issues for several key components that delayed the manufacturing, optimization and testing of these systems. Just recently, these supply chain issues were resolved and…

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MondayOct 05, 2020 11:23 am

NetworkNewsBreaks – Appreciated Media Holdings Inc. (TSXV: AMH) (OTCQB: AMEFF) Returns Performance Shares to Treasury

Appreciated Media Holdings (TSXV: AMH) (OTCQB: AMEFF) ("Appreciated Media" or the "Corporation"), a multifaceted entertainment company, today announced the cancellation and return to treasury of 6,995,653 common shares in the capital of the Corporation (the "Performance Shares"). According to the update, in connection with the completion of its qualifying transaction, Appreciated Media issued an aggregate of 7,473,935 Performance Shares pursuant to the terms of a performance share agreement dated June 30, 2017, that was entered into among the Corporation and certain of its consultants and advisors (the "Performance Share Agreement"). Upon issuance, the Performance Shares were deposited into escrow subject…

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MondayOct 05, 2020 10:54 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Elects Leading International Expert as Board Chairman

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), today announced the election of Dr. Roger McIntyre as chairman of its board of directors. A foremost international expert in depression and suicide, Dr. McIntyre is a professor of Psychiatry and Pharmacology at the University of Toronto, heads the Mood Disorders Unit at the University Health Network in Toronto and holds appointments among scientific and clinical organizations across the United States and Asia. Dr. McIntyre was appointed to Champignon’s board in July 2020 and assumed the role of CEO in May 2020. He has set a strategic direction for the business, which…

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MondayOct 05, 2020 10:21 am

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Appoints Digital Media Exec as BIGtoken CEO

SRAX (NASDAQ: SRAX), a financial technology solutions provider, today announced that one of its board members, Malcolm CasSelle, will be appointed chief executive officer of BIGtoken, a wholly owned subsidiary of SRAX. In addition to his seven-year tenure on SRAX’s board of directors, CasSelle brings a close relationship with BIGtoken and more than 20 years of C-suite experience leading several startups in the digital media industry. “Malcolm brings years of experience in building technology companies,” SRAX CEO Christopher Miglino said in the news release. “He has the relationships and the know-how to bring the company to the next level and…

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MondayOct 05, 2020 9:52 am

NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Issues Update on Non-Compliance with Nasdaq Listing Requirements

Youngevity International (NASDAQ: YGYI), a leading multichannel lifestyle company operating in three distinct business segments, on Friday announced its receipt of a September 29, 2020, Staff Determination Letter (the "September Notification") from the Listing Qualifications Department of the Nasdaq Stock Market LLC. According to the update, the letter indicated that Youngevity did not meet the terms of the exception previously granted to it by Nasdaq (the "Exception") pursuant to the notification letter received by the company on August 11, 2020. Under the Exception, in order to regain compliance with Nasdaq Listing Rule 5250(c)(1), the company was obligated to have filed…

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FridayOct 02, 2020 12:21 pm

NetworkNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Welcomes Two Proven Industry Leaders as Commercialization Advisors

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider disrupting the automotive industry, today announced that two of the U.S. automotive sector's proven leaders in retail are joining the company as senior advisors. According to the update, John Canales and Brent Green – with a combined seven decades of leadership experience ranging from the dealership floor to software to senior executive roles at the auction houses Cox Automotive Inc. and Manheim – will immediately commence their advisory roles. "PowerBand is now in full commercialization mode, able to operate in 14 states, with a combined population of more than…

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FridayOct 02, 2020 12:01 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Appoints Two New Directors with Deep Executive Management, International Experience

Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., today announced the appointment of Frank D. Heuszel and Sassuan (“Sam”) Lee to serve as directors on its Board. Heuszel has extensive leadership experience and expertise in a wide array of strategic, business, turnaround and regulatory matters across several industries. Lee is a prominent entrepreneur and fintech executive with over 20 years of management experience in digital economy. “We are pleased to have Frank and Sam join the Board and look forward to the variety and depth of executive management and international experience they will bring to the Board,” John…

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