NetworkNewsBreaks

WednesdayMay 09, 2018 11:30 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Enters MOU with Lanxess Corporation

Lithium-focused mining company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced its entry into a Memorandum of Understanding with global specialty chemicals company Lanxess Corporation and its U.S. affiliate, Great Lakes Chemical Corporation. Per the update, the purpose of this MOU is to test and prove the commercial viability of extraction of lithium from brine that is produced as part of Lanxess’s bromine extraction business at its three Southern Arkansas facilities. “We are delighted to be entering into a cooperation with Lanxess, a highly-respected world leader in the specialty chemical sector,” Robert Mintak, CEO of Standard…

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WednesdayMay 09, 2018 11:04 am

NetworkNewsBreaks – AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) Joins Israeli Fintech Hub ‘The Floor’

Artificial intelligence company AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) this morning announced that it has joined ‘The Floor’, a global fintech innovation center based in Tel Aviv, Israel. As a member, AnalytixInsight have access to the unique community of partners and industry innovators within the financial services market, further strengthening its strategic offerings with global fintech leaders. “Being a member of The Floor allows us to showcase our offerings and expertise to those who are revolutionizing the industry, and positions us within the ecosystem of thought leaders in technology innovation,” Prakash Hariharan, president and CEO of AnalytixInsight, stated in the…

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WednesdayMay 09, 2018 10:19 am

NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Completes Kairos Metals Corp. Spin Out

Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) this morning announced its successful completion of the previously announced “spin out” transaction of its Kairos Metals Corp. subsidiary into a standalone company owning the copper/gold/silver property portfolio previously held by Lithium Chile. “We are pleased with the closing of this transaction,” Steve Cochrane, president and CEO of Lithium Chile, stated in the news release. “It creates two distinct resource companies that can now focus their energies and resources on developing their respective assets for the benefit of Lithium Chile shareholders.” Per the update, shareholders of Lithium Chile each received one common share…

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WednesdayMay 09, 2018 9:47 am

NetworkNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and Marijuana Company of America, Inc. (MCOA) Form Cultivation-Focused JV

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning announced its entry into a joint venture with Marijuana Company of America, Inc. (OTC: MCOA) related to the cultivation of legal, high-yielding CBD from industrial hemp at its newly acquired 109-acre farm in Scio, Oregon. Per the update, the two companies will jointly invest a total of $1.2 million in the development of the project in 2018, with funding being completed on a 50/50 basis. “We are really proud of the hard work our partners have put into this project, as we continue to…

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WednesdayMay 09, 2018 9:20 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Exercises C$17.3M Over-Allotment Option Following IPO

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has issued an additional 4,726,500 units at C$3.65 per over-allotment unit, raising additional aggregate gross proceeds of C$17,251,725. After taking into account this over-allotment option, TGOD will have raised aggregate proceeds of more than C$132.2 million through its recently completed IPO by issuing an aggregate of 36,236,500 units of the company. “We are extremely pleased with the markets’ support of our IPO, which is the largest to date on the TSX in the cannabis space,” Robert Anderson, co-chairman and CEO of TGOD,…

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WednesdayMay 09, 2018 8:30 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Agrees to Merge Eye-Net™ Activities with Tamda Ltd.

Automotive industry innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has signed a merger agreement with Tamda Ltd. (TASE: TMDA) and its controlling shareholder, Ipax Issues Ltd. Per the terms of the agreement, Foresight intends to spin off its activities related to the development of its Eye-Net™ accident prevention system into its wholly owned subsidiary before merging that subsidiary into Tamda. Upon closing of the transaction, Foresight will transfer 100 percent of the share capital of its subsidiary to Tamda in return for approximately 74.49 percent of Tamda’s share capital as of the closing…

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TuesdayMay 08, 2018 4:18 pm

NetworkNewsBreaks – Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRA: M1N) Subsidiary Files for Exploration Licenses in Zambia

Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRANKFURT: M1N), through its Maxtech Mining Zambia Limited subsidiary, this morning announced its filing for two large-scale exploration licenses in the Central Province of Zambia. Per the update, the two specific license areas related to this filing have shown the potential for high-grade mineralization, with grades of up to 70 percent manganese. The exploration licenses have detailed exploration and production outlines extending to four years and covering cobalt, vanadium, nickel and copper mining rights on the specified areas. “Zambia is a world class mining jurisdiction,” Peter Wilson, CEO of Maxtech, stated in the…

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TuesdayMay 08, 2018 2:43 pm

NetworkNewsBreaks – AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) Embraces Rapidly Evolving AI Industry

Toronto, Canada-based artificial intelligence (“AI”) company AnalytixInsight (TSX.V: ALY) (OTCQB: ATIXF) is creating additional revenue by licensing its innovative technology. An article discussing the company reads: “Key to the company’s sustained financial growth is the announcement that ATIXF has a contracted order backlog of $4.5 million in 2018. The company is applying its AI to two primary industries, and it generates revenue from licensing. … In a news release, Prakash Hariharan, president and CEO of ATIXF, said, “We believe the company is very well positioned to benefit from the rapidly evolving industry movements to embrace artificial intelligence and machine-learning solutions…

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TuesdayMay 08, 2018 2:31 pm

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Leverages Proprietary Technology to Implement Environmentally Safe Procedures

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils. An article discussing the company reads: “The company’s extraction process uses no water, high temperatures or high pressures and produces no greenhouse gases. Up to 99 percent of all bitumen, heavy oil and lighter hydrocarbons are extracted, and up to 99 percent of the benign extraction solvents are recycled so that they can be sold or returned to the extraction point, according to the company (http://nnw.fm/Ykn4l). Even before the patents were granted, Petroteq had tested…

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TuesdayMay 08, 2018 11:04 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s Planned Attendance at MJBizConNEXT

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), a company in which GOHE currently holds an 18 percent ownership stake, said that key MTRAC sales and marketing team members will present at the MJBizConNEXT conference taking place in New Orleans on May 9-11, 2018. Anticipated attendees of the event include business executives, cultivators, extractors, and technology leaders in the cannabis industry. MoneyTrac intends to leverage its attendance at the event to further awareness of its MTRAC payment platform, one of the first fully compliant solutions to successfully remove cash from cannabis transactions.…

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