NetworkNewsBreaks

MondayDec 04, 2017 8:23 am

NetworkNewsBreaks — Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Petrobloq Collaboration with First Bitcoin Capital Corp. (BITCF) Joins Enterprise Ethereum Alliance

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that PetroBLOQ, the company’s collaboration formed with First Bitcoin Capital Corp. (OTC: BITCF), has joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is currently being co-developed by the two companies. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups. “Joining this community of forward-looking enterprises and blockchain innovators is an important step for PetroBLOQ as we develop transformative solutions for the oil and gas industry,” Petroteq Energy CEO Alex…

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FridayDec 01, 2017 11:58 am

NetworkNewsBreaks – Veritone, Inc. (NASDAQ: VERI) Completes $25.8M Public Offering

Veritone (NASDAQ: VERI) recently successfully completed an underwritten public offering of 1,121,250 shares of its common stock which includes the underwriters’ fully exercised option to purchase 146,250 shares at the public offering price. Shares were sold at $23.00 per share resulting in the gross proceeds of approximately $25.8 million. Veritone intends to use the net proceeds of the offering toward working capital and other general corporate purposes, such as potential acquisitions, investments, services, technologies and intellectual property rights. ROTH Capital Partners and Craig-Hallum Capital Group LLC acted as joint book-running managers for the offering. To view the full press release,…

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FridayDec 01, 2017 11:37 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Posts Q3 Results, Operational Update

Abcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) recently released financial results for the three and nine months ended September 30, 2017. Among other highlights from the third quarter, the company reported $43.4 million in cash, cash equivalents and marketable securities which provides a strong position for expansion plans for its high-tech Vanluven facility. Abcann also reported revenues of $614,000 for the nine months ended September 30, 2017, a considerable increase compared to $211,00 during the same period in 2016. Additionally, the company provided an update on operations, including the company’s strategy moving forward. “ABcann’s vision is to create a successful…

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FridayDec 01, 2017 11:04 am

NetworkNewsBreaks – AV1 Group, Inc. (AVOP) Advances Urban Illumination Through Smart Tech

Demand for advanced lighting technologies continues to grow among commercial, residential and municipal customers, and innovators like AV1 Group (OTC: AVOP) are carving their niche in the burgeoning Smart Cities/LED lighting industry.  An article discussing this reads: “AV1 Group, Inc. (AVOP) is committed to providing state-of-the-art, innovative lighting systems for urban areas. In November 2017, the company announced a pilot project for the smart transition of a city in Michigan to LED light solutions. … The innovative LED lighting project includes the incorporation of smart technologies. Wireless camera and light control will be carried out through an intelligent system —…

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FridayDec 01, 2017 10:43 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Announces Stock, Option and Warrant Transactions

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced various stock, option and warrant transactions. The news release states, “Following issuance of these common shares, Lexaria will have 69,674,919 common shares issued and outstanding. No commissions or placement fees have been paid related to the funds received from these warrants exercised. Proceeds will be used for general corporate purposes.” No shares were sold or registered in the United States. In addition, John Docherty, President of Lexaria Bioscience Corp., recently issued a clip discussing the company's technology…

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FridayDec 01, 2017 9:32 am

NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Closes Strategic Merger with Cobalt One Limited

First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) announced the closing of its strategic merger with Cobalt One Limited, as well as key restructuring of its Board of Directors to include Paul Matysek, Robert (Bob) Cross and Jason Bontempo. First Cobalt now is the largest land owner in the Ontario-based Cobalt Camp and owns the only cobalt refinery in North America permitted to produce battery materials. In conjunction with the transaction, President & Chief Executive Officer Trent Mell commented, “Over a very short period we have created the largest cobalt exploration company in the world, controlling almost half of what we…

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FridayDec 01, 2017 8:56 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Retains Former Senator to Guide Lithium Brine Strategy in California

MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning reported that the company has retained former California Senate majority leader Richard Polanco as an advisor and consultant. MGX will utilize Polanco’s experience toward leading direct negotiations with the State of California and local municipalities concerning targeted exploration locations and sites identified by the company as potential partnerships and acquisition targets. MGX intends on using the company’s patented rapid recovery process on these sites to concentrate lithium and other minerals and metals from brine. Additionally, Polanco will advise the company on local environmental solutions and support ongoing community and stakeholder…

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FridayDec 01, 2017 8:26 am

NetworkNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Acquires Equipment for Asphalt Ridge Expansion; Board Approves Option Grant

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced the acquisition of a substantial lot of the equipment needed to expand production of its heavy oil extraction facility located at Asphalt Ridge, Utah. Petroteq purchased the equipment, worth approximately $3 million, at a reduced price of $838,000. This news follows the company’s previous announcement that it has moved equipment from its 250 bpd facility in Maeser, Utah to its lease site at Asphalt Ridge, Utah. Additionally, Petroteq’s board of directors approved an option grant of 1,425,000 stock options expiring in 10 years to certain directors at an exercise price of $2.27,…

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ThursdayNov 30, 2017 2:47 pm

NetworkNewsBreaks – 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) Assigned Legal Entity Identifier Number

In compliance with the European Union, 92 Resources (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) announced that it has been assigned a Legal Entity Identifier (“LEI”) number (http://nnw.fm/6E0Us). The LEI is required for identification, as well as a number of financial reporting requirements for market participants. A recent article discusses the update, stating, “92 Resources now meets the requirements of the Frankfurt Stock Exchange to have an LEI number by January 3, 2018. ‘The LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets (but) it can also be utilized by counter…

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ThursdayNov 30, 2017 2:33 pm

NetworkNewsBreaks – RJD Green Inc.’s (RJDG) Strategy for Pursuance of Promising Mergers and Acquisitions

RJD Green’s (OTC: RJDG) strategy for the pursuance of promising companies and their ability to generate ROI was highlighted in a recent article. The strategy is summarized as follows, “[RJDG’s] merger and acquisition strategy places an emphasis on buying, partnering or entering joint ventures with companies that have a vibrant presence in any of the three above-identified market niches, and then helping those businesses maximize their profits and corporate quality. The company looks for long-term staying power, geographic reach and the capacity to expand into further markets. Its acquisition sights are set on companies with between $5 million and $40…

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