Breaks Categories: News

TuesdayMar 06, 2018 9:35 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Releases Positive PEA Results for Driftwood Creek Magnesium Project

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning released the results of a maiden Preliminary Economic Assessment ("PEA") on its wholly-owned Driftwood Creek Magnesium Project in British Columbia, Canada. Among other highlights, the results include a pre-tax net present value (“NPV”) of C$529.8 million and a 24.5% internal rate of return (“IRR”). The PEA study was prepared by AKF Mining Services Inc., Tuun Consulting Inc., Samuel Engineering Inc. and will be available on the company's website within 45 days. "We are extremely pleased with results of the PEA, which display Driftwood’s ability…

Continue Reading

MondayMar 05, 2018 11:09 am

NetworkNewsBreaks – Avid Bioservices, Inc. (NASDAQ: CDMO) Closes $23.1M Public Offering of Common Stock

Avid Bioservices (NASDAQ: CDMO), a contract development and manufacturing organization, recently announced that it has successfully closed an underwritten public offering of 10,294,445 shares of its common stock, which includes the sale of 1,294,445 shares pursuant to the partial exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $2.25 per share, resulting in gross proceeds of $23,162,501, before deducting underwriting discounts and commissions and estimated offering expenses payable by Avid Bioservices. The company plans to use the proceeds from the offering for the expansion of its contract manufacturing business and general corporate…

Continue Reading

MondayMar 05, 2018 11:07 am

NetworkNewsBreaks – One Stop Systems, Inc. (NASDAQ: OSS) Underwriters Partially Exercise Over-Allotment Option in $19.5M IPO

One Stop Systems (NASDAQ: OSS), a provider of ultra-dense high-performance computing (“HPC”) systems, recently announced the close of its initial public offering (“IPO”) of 3,900,000 shares of common stock, which includes the sale of an additional 100,000 shares of common stock pursuant to a partial exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $5.00 per share, resulting in total gross proceeds to One Stop Systems of $19.5 million. Roth Capital Partners acted as sole book-running manager and Benchmark acted as co-manager for the offering. To view the full press release, visit…

Continue Reading

MondayMar 05, 2018 10:25 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Completes Fundamental Process Systems Testing at Asphalt Ridge Facility

In a news release this morning, Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, reported that it has completed testing of all the fundamental process systems in its heavy oil extraction facility located in Asphalt Ridge, Utah, and that it has started test runs of the utility system as one of the final steps before commercial production. Petroteq has been granted all the relevant permits required to launch commercial production by the pertinent Utah agencies. Most notably, it has received an Air Exemption Permit that certifies that…

Continue Reading

MondayMar 05, 2018 9:23 am

NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) Successfully Completes C$5M Private Placement of Convertible Debentures

Pivot Pharmaceuticals (CSE: PVOT) (OTCQB: PVOTF) this morning announced the closing of its private placement of convertible debentures for gross proceeds totaling C$5 million. The company issued a total of C$5 million of 10% senior secured convertible debentures which will mature 12 months after the date of their issuance and will be convertible at the option of the holder for a period of 12 months into common shares of the company at a conversion price of C$1.74 per common share, subject to adjustment of the conversion price in certain events. Additionally, Origin Merchant Securities Inc. received a finder’s fee of…

Continue Reading

MondayMar 05, 2018 9:15 am

NetworkNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Extends Marketing Reach through Exclusive Agreement with Exponential, Inc.

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning announced its entry into an exclusive agreement with affinity marketing company Exponential, Inc. (“XPO2”), a cause-related technology marketing firm that develops white-label e-commerce platforms serving charities, clubs and non-profit organizations globally. As the exclusive XPO2 CBD product supplier, Diamond CBD is expected to provide all 18 of its top quality CBD brands to XPO2’s extensive network of hundreds of major participating online merchants, including Best Buy, Walmart, Groupon, Macy’s, Skechers, Nike, Staples and other industry leaders. “This new commercial partnership with XPO2 represents a major milestone for…

Continue Reading

FridayMar 02, 2018 9:44 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Recent LOI to Acquire Stake in MTH Development Group on MoneyTV

Specialized holding company SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht discussed the company’s recent move to acquire a $1 million stake in California cannabis cultivation firm MTH Development Group. The move is the first of its kind for SinglePoint because MTH runs 4.7 acres of land zoned for cannabis cultivation. The acquisition also strengthens the company's footprint in the booming Californian cannabis market. Additionally, SinglePoint is exploring the…

Continue Reading

FridayMar 02, 2018 9:24 am

NetworkNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Receives Processing Approval from Depository Trust Company

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has received processing approval from The Depository Trust Company (“DTC”) of New York and, as a result, is now DTC eligible. The DTC is a subsidiary of the Depository Trust & Clearing Corporation that manages electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC enjoy expedited receipt of stock and cash, which translates to an accelerated settlement process for investors. Per the update, being DTC eligible is expected to greatly simplify the…

Continue Reading

ThursdayMar 01, 2018 11:00 am

NetworkNewsBreaks – Reign Sapphire Corp. (RGNP) Expands Coordinates Collection with Delta Collection for Men

Reign Sapphire (OTCQB: RGNP) this morning announced the launch of its Coordinates’ Delta Collection, a new line of men’s jewelry incorporating its flagship engraved location coordinates in Sterling Silver and 14k Gold. Reign launched the new line to take advantage of the flourishing  men’s jewelry market, with jewelries that parade larger, increasingly minimal designs crafted to attract men looking to fix the place and time of life’s special moments. The new men’s jewelry come with a modern appeal characterized by chain ID bracelets, open cuffs, and dog tags. Reign intends to market the new line primarily through Instagram, where it…

Continue Reading

ThursdayMar 01, 2018 10:47 am

NetworkNewsBreaks – Epazz, Inc.’s (EPAZ) ZenaPay Bitcoin Ethereum Wallet App Surpasses 25,000 Downloads

Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, this morning announced that its ZenaPay Bitcoin Ethereum wallet has been downloaded more than 25,000 times since its launch on the Google Play Store on December 31, 2017. Per the update, the company now has the data it needs to understand the user acquisition cost and time period required to reach a million active users, which is a significant milestone in the monetization of mobile apps. This data will also likely play a key role in Epazz’s efforts to expand the marketability of…

Continue Reading