Breaks Categories: News

ThursdayFeb 01, 2018 3:18 pm

NetworkNewsBreaks – GT Biopharma, Inc. (GTBP) Secures $7.1M through Private Placement

GT Biopharma (OTCQB: GTBP) announced on January 23, 2018 that it entered into definitive agreements for a private placement of convertible notes and warrants for total gross proceeds of $7,055,000. The unsecured convertible notes have a face amount of $7,760,508, an initial conversion price of $4.58 and are due July 2018. Additionally, investors also received warrants to purchase approximately 1,694,440 shares of the company’s common stock at an initial exercise price of $4.58 per share. GT Biopharma intends to use its proceeds from the private placement toward advancing its immuno-oncology programs, progressing its neurology pipeline and for general corporate purposes.…

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ThursdayFeb 01, 2018 3:12 pm

NetworkNewsBreaks – EVIO, Inc. (EVIO) Secures Over $5.9M in New Financing to Fund Expansion

EVIO (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning said it has successfully closed its latest round of financing totaling $5,973,000. The capital raise exceeded EVIO management’s original goal of only raising $3 million to finance the company’s expansion in California. The company intends to use the additional funds toward increasing its infrastructure through California and to fuel an expansion into multiple states throughout the US, rapidly increasing its national footprint. To view the full press release, visit http://nnw.fm/Ffr0N About EVIO, Inc. EVIO, Inc. is…

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ThursdayFeb 01, 2018 11:10 am

NetworkNewsBreaks – Earth Science Tech, Inc. (ETST) Expands Executive Leadership Team

Science-based biotechnology company Earth Science Tech, Inc. (OTC: ETST) this morning announced its appointment of multiple new additions to its executive leadership team. Jill Buzan, an established veteran of the natural product sales industry, will serve as the company’s new chief sales officer. Since beginning her career as a sales rep and broker in 1995, Buzan has pioneered many brands, such as Gaia Herbs, Natural-Immunogenics and Sunwarrior, and helped them become leaders in their respective industries. Wendell Hecker will serve as ETST’s new chief financial officer. He brings more than 30 years of corporate experience to the company, including extensive…

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ThursdayFeb 01, 2018 10:24 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Acquires Harvest Medicine Inc.

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has completed its acquisition of Harvest Medicine Inc. pursuant to the terms of a share purchase agreement dated January 31, 2018. Per the update, the acquisition was completed in consideration for, among other things, a cash payment of $1.5 million, the issuance of 1,056,338 common shares in the capital of the company and additional post-closing consideration related to certain performance milestones, including patient revenue and profitability metrics. Moving forward, Harvest Medicine will operate as a wholly-owned subsidiary of ABcann, but it will maintain its commitment to being an…

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ThursdayFeb 01, 2018 10:01 am

NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Announces Positive Results from 2017 Drill Program

Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning announced positive results from its 2017 drill program, which intersected 25 meters of fracture-controlled silver mineralization in Canada’s Cobalt Camp. The company’s drilling found 106.2 g/t silver over 13.7 meters, including 445 g/t silver over 3.0 meters, near the Keeley Shaft. The release also noted the discovery of anomalous silver occurring over 4.0 meters above the interval and 7.0 meters below, up to 11.3 g/t over 1.0 meter. Per the update, these findings suggest metal zoning patterns of silver-rich and cobalt-rich areas of mineralization at the…

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ThursdayFeb 01, 2018 9:39 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Details Newly-Acquired Metal Air Battery and Fuel Cell Patents

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that, as a result of its recently closed acquisition of ZincNyx Energy Solutions, Inc., the company now controls 20 metal air battery and fuel cell patents. In addition to providing a full list of these patents, the news release offers an overview of ZincNyx’s technology, which includes a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high-cost battery commodities such as lithium, vanadium or cobalt. Per the update, this technology…

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WednesdayJan 31, 2018 3:08 pm

NetworkNewsBreaks – MoneyOnMobile, Inc. (MOMT) Secures $7.6M in New Capital

MoneyOnMobile (OTCQB: MOMT), one of the largest phone-based payment networks operating in India, recently announced that it has successfully completed a $7.6 million fundraise of new capital through the issuance of Series F Preferred Shares. "We are pleased with the positive response from investors and the speed with which we closed this investment during what is normally a relatively slow time of the year for fundraising. This capital infusion will enable us to continue to execute our business plan and drive growth across our product lines," MoneyOnMobile chairman and CEO Harold Montgomery stated in the news release. To view the…

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WednesdayJan 31, 2018 3:05 pm

NetworkNewsBreaks – Riot Blockchain, Inc. (NASDAQ: RIOT) Invests in Cryptocurrency, Continues Commitment to Blockchain

Riot Blockchain (NASDAQ: RIOT) announced on November 16, 2017, that it made a strategic investment in cryptocurrency accounting and audit technology services company, Verady, LLC. With this move and the company’s commitment to continue leveraging blockchain, RIOT is among many innovators finding ways to integrate the revolutionary technology in numerous business applications (http://nnw.fm/6uAQI). Discussing the investment, RIOT CEO and Chairman John O'Rourke stated, "This investment continues our commitment to building blockchain technologies. With recent highs in Bitcoin and other cryptocurrency valuations, there is significant market potential for blockchain and digital asset technologies. We will continue to increase our involvement and…

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WednesdayJan 31, 2018 3:03 pm

NetworkNewsBreaks – Albireo Pharma, Inc. (NASDAQ: ALBO) Closes $74.8M Public Offering

Albireo Pharma (NASDAQ: ALBO), a biopharmaceutical company focused on development of treatments for orphan pediatric liver diseases and other diseases and disorders, completed its underwritten public offering of 1,970,000 common stock shares at a public price of $33.00 per share. The underwriters have also exercised an option for the purchase of an additional 295,500 common stock shares at the public offering price, less the underwriting discounts and commissions. Albireo sold all of the offering shares and grossed proceeds of approximately $74.8 million while netting proceeds of approximately $69.9 million. To view the full press release, visit http://nnw.fm/WPZ7t About Albireo Albireo…

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WednesdayJan 31, 2018 2:58 pm

NetworkNewsBreaks – Organigram Holdings, Inc. (TSX.V: OGI) (OTCQB: OGRMF) Closes $115M Convertible Debenture Offering

Organigram Holdings (TSX.V: OGI) (OTCQB: OGRMF) this morning said that is has closed its short form prospectus offering of convertible unsecured debentures of the company on a bought deal basis, including the full exercise of the over-allotment option. A total of 115,000 convertible debentures were sold during the offering at a price of $1,000 each, resulting in gross proceeds of $115,000,000 to the company. Organigram intends to use the proceeds from the offering to support the strengthening of its stance within the Canadian and global cannabis markets. The securities have not been and will not be offered or sold within…

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