NetworkNewsBreaks

ThursdayMar 08, 2018 1:39 pm

NetworkNewsBreaks – Aimmune Therapeutics, Inc. (NASDAQ: AIMT) Underwriters Fully Exercise Over-Allotment Option in $202.4M Public Offering

Aimmune Therapeutics (NASDAQ: AIMT), a biopharmaceutical company developing treatments for potentially life-threatening food allergies, recently closed its underwritten public offering of 6,325,000 shares of its common stock, which includes the sale of 825,000 shares in accordance with the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a price to the public of $32.00 per share, resulting in the gross proceeds of $202.4 million for the company. Aimmune intends to use the proceeds to fund the advancement of AR101 through clinical development, potential application filings and preparation for budding commercialization. The company also intends…

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ThursdayMar 08, 2018 1:34 pm

NetworkNewsBreaks – Ring Energy, Inc. (NYSE: REI) Underwriters Fully Exercise Over-Allotment Option in $82M Public Offering

Ring Energy (NYSE: REI), an oil and gas exploration, development and production company, has closed an underwritten public offering of 6,164,000 shares of its common stock, which includes an additional 804,000 shares of common stock in accordance with the underwriters’ fully-exercised over-allotment option. The shares were sold at the public offering price of $14.00 per share. After deducting the underwriting discount and other estimated offering expenses, Ring Energy’s net proceeds were approximately $82 million. The company plans to use the proceeds from the offering to fund its 2018 capital expenditure program and for other general corporate purposes. To view the…

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ThursdayMar 08, 2018 10:43 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Appoints New Member to Board of Directors

Net Element (NASDAQ: NETE), a global technology and value-added solutions group, this morning said that Jon Najarian has joined the company’s board of directors. Najarian will also serve as a member of Net Element’s audit, compensation, nominating and corporate governance committees. Najarian is an investor, money manager and media analyst best known for his role as a cast member of the “Halftime Report” and “Fast Money” on CNBC. “We are excited to have Jon join our board. He brings extensive financial, capital markets, cryptocurrency and blockchain insights to Net Element, and we look forward to his advice and direction as…

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ThursdayMar 08, 2018 10:36 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Launches MTRAC-Token™ to Combat Payment Restrictions in the Cannabis Market

In a news release this morning, Global Payout (OTC: GOHE) announced that its wholly owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), is launching a Regulation D 506(c) offering that is based on MTRAC-Token. According to MTRAC management, the raise will be used to deliver MTRAC-Token to the cannabis market, a solution it has been co-developing to overcome the restrictions with regard to banking accessibility and e-Payment in the cannabis industry. "The MTRAC-Token is a unique type of investment opportunity providing investors a way to be involved in revolutionizing a multitude of industries. Our singular focus over the past several months has…

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ThursdayMar 08, 2018 10:17 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Announces Positive Report from Independent Evaluation of Asphalt Ridge Leases

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced the filing of its third party independent detailed assay and testing resource evaluation report. Per the update, the results from the report, which was completed by Wyoming-based Energy Labs, are consistent with the numerous studies performed on these oils by both academic institutions and major oil firms. “As we continue to make progress with the completion of our plant construction and the signing of our oil offtake agreement, we are extremely pleased with this report…

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ThursdayMar 08, 2018 9:56 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Engages VIRTUE to Serve as Agency of Record

ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has retained VIRTUE as its agency-of-record. VIRTUE, a creative agency powered by VICE Media, will develop a full rebrand and create sub-brands targeting the medical and adult-use cannabis markets. The agency will also assist the company with an integrated launch strategy for its new brands. “VIRTUE is an award-winning marketing agency with an unwavering commitment to bold ideas. They are the ideal partners to help us to transform the company’s brand and convey the purpose behind our current medical and upcoming adult-use cannabis businesses,” ABcann chief marketing officer Sung…

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ThursdayMar 08, 2018 9:40 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Executes LOI to Jointly Develop New Hard-Rock Lithium Extraction Process

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced its entry into a letter of intent with Orion Laboratories, LLC of Oak Ridge, Tennessee, and Light Metals International Inc. (“LMI”) of Vancouver, British Columbia, related to the development and commercialization of a new process for extracting hard-rock lithium from spodumene concentrate. Dr. James G. Blencoe leads both Orion and LMI, leveraging more than four decades of experience in designing, constructing, operating and maintaining specialized equipment for advanced chemical production. “The success of our Case Lake, Ontario joint venture has led us to…

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ThursdayMar 08, 2018 9:20 am

NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) Inks New Staffing Contract with Cannabis Strategic Ventures, Inc. (NUGS)

Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) recently said that it has signed a staffing agreement with Cannabis Strategic Ventures (OTC: NUGS). Per the agreement, Cannabis Strategic Ventures will provide MCOA and hempSMART, its wholly owned subsidiary, with long term staffing functions, benefits management, payroll processing and outsourced employment. "The legal cannabis and hemp sectors are growing very fast and are extremely dynamic. This outsourced HR agreement with Cannabis Strategic will allow our company a lot more flexibility to respond quickly to the many current and future changes within the marketplace. Our employees are one of…

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WednesdayMar 07, 2018 2:45 pm

NetworkNewsBreaks – TESSCO Technologies Inc. (NASDAQ: TESS) Kicks Off Day Two of the LD Micro Virtual Event

TESSCO Technologies (NASDAQ: TESS) president and chief executive officer Murray Wright kicked off the second day of the LD Micro Virtual Event this morning with a presentation on the company. Among other highlights, presenters continue to provide insight into many different industries and services. More than 50 companies will be delivering presentations and answering questions during the three-day period that the conference will be taking place. To view the conference schedule, visit http://nnw.fm/2DthR About TESSCO Technologies Inc. TESSCO Technologies is a value-added technology distributor, manufacturer and solutions provider. Tessco was founded more than 30 years ago with a commitment to…

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WednesdayMar 07, 2018 2:37 pm

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names Newest Member of PetroBLOQ Consortium

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that a subsidiary of State Oil Company of Azerbaijan Republic, SOCAR Energy Ukraine, Ltd., is the newest member of the PetroBLOQ consortium. PetroBLOQ, which is being co-developed with First Bitcoin Capital Corp. (OTC: BITCF), is a blockchain-based oil and gas supply chain management platform based on a distributed ledger technology (“DLT”). The platform delivers an exclusive opportunity for oil and gas industry participants, such as SOCAR, to plan and guide blockchain development research in directions that maximize benefits to the industry. SOCAR will help recognize areas in need of improvement and collaborate…

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