NetworkNewsBreaks Archive - Page 549 of 2081

ThursdayApr 13, 2023 10:45 am

NetworkNewsBreaks – NextPlat Corp. (NASDAQ: NXPL) Completes $6M Private Offering

NextPlat Corp. (NASDAQ: NXPL), a global e-commerce provider, has completed its previously disclosed private placement transaction. The placement comprised the sale of 3,428,571 common stock shares to an accredited investor; the shares were sold at $0.0001 par value per share. The announcement noted that NextPlat received gross proceeds of approximately $6 million as a result of the offering. The company noted it is required to file an initial registration statement with the Securities and Exchange Commission covering the resale of the shares within 120 calendar days as well as have the registration statement declared effective within 150 days. ArentFox Schiff…

WednesdayApr 12, 2023 3:06 pm

NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Anticipates Putting RapidSX(TM) to Work at Commercial Scale

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals production tech innovator, recently welcomed dozens of industry and government visitors for a demonstration of its RapidSX(TM) rare earth element (“REE”) separation process. “Ucore Rare Metals hosted private tours and demonstrations of the operational advantages of RapidSX(TM)’s 52-stage REE separation procession system in early March at the company’s Ontario, Canada-based Commercialization and Demonstration Facility (‘CDF’). The company anticipates putting the RapidSX(TM) process to work on a commercial scale at its first Strategic Metals Complex (‘SMC’) in Louisiana, in the southern United States, which will begin construction later this year,” a…

WednesdayApr 12, 2023 2:49 pm

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Eyes ‘Exciting Results’ from Exploration and Delineation Program at Los Azules Copper Project

McEwen Mining’s (NYSE: MUX) (TSX: MUX) 52%-owned McEwen Copper recently reported infill and step-out exploration drilling results at its Los Azules Project in Argentina. “The reported assay results include one drill hole from exploration and one from the delineation. The exploration program targets increasing known mineralization further to the north and at depth. The delineation program seeks to reduce geological and resource modeling risk prior to a planned 2024 feasibility study. The company’s initial exploration hole, AZ22174, was drilled to a depth of 1,128 m, with visible copper mineralization observed along its entire core length during logging… Mineralization along the…

WednesdayApr 12, 2023 2:34 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Provides Update on Spin-Out Plan, Announces Shareholder Meeting

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative, inflammatory and metabolic disorders, plans to complete its spin-out transaction outlined in a plan of arrangement. The plan called for shares of the yet-to-be-formed wholly owned subsidiary to be separated into an independent public company. According to the announcement, the transaction is slated to be complete in July 2023 and is designed to enable FSD Pharma to focus on developing core assets and maximizing shareholder value. The company noted that, as of…

WednesdayApr 12, 2023 2:26 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Retires All Outstanding Institutional Convertible Debt

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced that it has recently eliminated its remaining convertible debt with the company’s primary lender, Lind Global Fund II LP. This is a result of conversions by Lind Global and payments by the company, which in aggregate totaled over $5 million. “We have retired all of our outstanding institutional convertible debt, strengthening our balance sheet while maintaining a strong cash position,” said Martin Shen, CEO of FingerMotion. “Eliminating the remaining convertible debt and related obligations to issue any additional common stock to our primary lender eradicates any further dilutive impact…

WednesdayApr 12, 2023 2:16 pm

NetworkNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Latest Results, Completion of Santa Barbara Definition Drill Program at Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced assay results from the last eight diamond drill holes from the definition drill program at Santa Barbara in the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. According to the update, two of the drill holes (DSB-45 and DSB-47) filled in gaps in previous drilling of the High-Grade Zone. The remaining six holes (DSB-44, DSB-48, DSB-49, DSB-50, DSB-51 and DSB-52) tested the potential south-southeastern extension of the High-Grade Zone at Santa Barbara. “These latest results, which complete the Santa Barbara definition diamond drill program, have significantly expanded…

WednesdayApr 12, 2023 1:59 pm

NetworkNewsBreaks – RYVYL Inc. (NASDAQ: RVYL) Moving Forward with Spin-Off of Subsidiary, Value Creation Strategy

RYVYL (NASDAQ: RVYL), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions, has initiated a spin-off plan for its wholly owned subsidiary, coyni inc., a stablecoin technology. RYVYL believes the separation of coyni from its payment-processing business will provide the opportunity for each business to focus on its own strategic and operational objectives. According to the announcement, RYVYL has identified the investment banking team for the proposed transaction and is in the process of evaluating mergers with possible partners; it anticipates acquiring a vehicle in the coming weeks to…

WednesdayApr 12, 2023 1:38 pm

NetworkNewsBreaks – Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Reschedules Special Meeting of Stockholders, Extends Deadline for Share Redemption

Fintech Ecosystem Development (NASDAQ: FEXD) has announced plans to adjourn the company’s special meeting of stockholders; the meeting was scheduled for today, but the company intends on reconvening the Special Meeting on Thursday, April 20, 2023, at 10 a.m. ET. The company is also extending the deadline for holders of its shares of Class A common stock to exercise their right to redeem their shares for their pro rata portion of the funds available in the company's trust account, or to withdraw any previously delivered demand for redemption; that deadline has been changed to April 18, 2023, at 5 p.m.…

TuesdayApr 11, 2023 4:07 pm

NetworkNewsBreaks – Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Intersects Broad Interval of VMS Mineralization in First Drill Hole at Western Target

Arizona Metals (TSX: AMC) (OTCQX: AZMCF) today announced that the first hole (KM-23-104) drilled at the Western Target of the Kay Mine Project intersected 16 metres of stringer to semi-massive sulphide mineralization, including visible copper sulphide (chalcopyrite) and zinc sulphide (sphalerite). According to the update, the VMS mineralization occurs within a broader interval of syn-mineral quartz-carbonate veining accompanied by sulphide minerals (pyrite, pyrrhotite, sphalerite, chalcopyrite, and arsenopyrite) and anomalous zinc and copper readings from onsite portable XRF. The hole ended in sulphide-bearing core but was stopped at 888 metres downhole due to separated drill rods. Hole 104 was submitted for…

TuesdayApr 11, 2023 1:42 pm

NetworkNewsBreaks – IBN, CannabisNewsWire to Drive Reach of Lift Toronto 2023

IBN (“InvestorBrandNetwork”), an innovative content distributor and multifaceted communications organization with 50+ brands including CannabisNewsWire, today announced its latest event collaboration with the organizers of Lift Toronto, which will return to the iconic Metro Toronto Convention Centre in Toronto, Ontario, on June 1-3, 2023. Lift Toronto is projected to showcase 150-plus exhibiting companies, 140-plus speakers and featured panelists and draw up to 5,000 attendees to the event, which is open to all audiences across the full cannabis industry and community. IBN and CannabisNewsWire will leverage their array of extensive corporate communications solutions to drive recognition for Lift Toronto 2023 participants…

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