NetworkNewsBreaks

FridayFeb 02, 2018 11:24 am

NetworkNewsBreaks – Petrogress, Inc. (PGAS) Continues to Advance in the Oil and Gas Industry

Marine transport and offshore services company Petrogress (OTC: PGAS) has employed a winning vertical integration strategy in the oil and gas industry, and aims to engage in leasing liquefied natural gas (“LNG”) tankers in the future. An article discussing the company reads: “At some point, Petrogress plans to begin leasing LNG tankers to enter this lucrative market. It has incorporated a subsidiary in Delaware – Navigas Carriers Inc. – specifically to manage its natural gas activities. A sister subsidiary – Petrogress Oil & Gas Energy Inc. – has been incorporated in Texas to handle trading and logistics. The company is…

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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 11:13 am

NetworkNewsBreaks – AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) Assesses Opportunities in the Shifting Data Landscape

Artificial intelligence (“AI”) company AnalytixInsight (TSX.V: ALY) (OTCQB: ATIXF) is eyeing its opportunities to progress in the ever-changing big data markets. An article discussing the company reads: “The world marked 2017 as the year blockchain technology and its derivative applications created real revenue-generating excitement for business, even while differing experts debated whether the transaction-securing tech is truly foundational or simply the market darling of the moment. Among the companies evaluating the changing data landscape was AnalytixInsight, Inc. (TSX.V: ALY) (OTCQB: ATIXF), a dealer in the much older and still nascent technology sector of artificial intelligence. AnalytixInsight has created a proprietary…

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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 11:08 am

NetworkNewsBreaks – Consorteum Holdings, Inc. (CSRH) Extends Agreement, Combines Strengths with Knockout Gaming, Inc.

Software development and mobile solutions company Consorteum Holdings (OTC: CSRH) recently extended its strategic agreement with Knockout Gaming, Inc. Per the agreement, Knockout will provide its online gaming platform to Consortium’s 359 Mobile, Inc. An article discussing the company reads: “The announcement indicates that, by providing its platform to 359 Mobile, Knockout Gaming will be able to deliver mobile online gaming products under existing licenses to certain regulated gaming markets worldwide, including the United Kingdom. The new strategic agreement will allow the companies to combine the strengths of their two different platforms, per the news release.” To view the full…

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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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