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PRIMO Nutraceuticals Inc. $PRMO.ca – #CBD’s Touted Therapeutic Benefits Help Loosen Regulatory Constraints $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 12:10 PM on Monday, February 10th, 2020

SPONSOR:  PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.

CBD’s Touted Therapeutic Benefits Help Loosen Regulatory Constraints

  • Global cannabidiol market is expected to reach USD 9.69 Billion by 2025 while registering a CAGR of 32.6% during the forecast period.

NEW YORK, Feb. 10, 2020 – Most regions that have approved medical cannabis typically see doctors prescribe CBD-based medications to their patients. CBD, or cannabidiol, is a derivative of the hemp plant, yet is unlike its counterpart, THC, which is derived from the marijuana plant. Nowadays, the FDA acknowledges that CBD can possibly become a legitimate alternative medical treatment to a number of traditional therapeutics, further highlight the health benefits associated with the compound. However, the agency is requiring researchers to provide more data on the efficacy of CBD in order for CBD to become an approved medicinal treatment, prompting them to conduct large-scale clinical trials. “As legislation expands rapidly worldwide, the volume of efficacy data is growing, as are legitimate clinical trial studies,” says Liam McGreevy, Chief Executive Officer of Ethnopharm, a European cannabis company specializing in genetics and distribution, “This data will enable us to better understand the effects of the various cannabinoids and terpenes, their synergistic effect and how their impact links to the individual’s genetics or biomarkers.

This data is key to understanding the most effective combinations and strengths for various conditions, moving towards targeted personalized medicines.” And according to data compiled by Grand View Research, the global cannabidiol market is expected to reach USD 9.69 Billion by 2025 while registering a CAGR of 32.6% during the forecast period. Global Payout, Inc. (OTC: GOHE), Auxly Cannabis Group Inc. (OTC: CBWTF), Puration Inc. (OTC: PURA), Green Organic Dutchman Holdings Ltd. (OTC: TGODF), Liberty Health Sciences Inc (OTC: LHSIF)

As the cannabis industry continues to develop, lawmakers and federal agencies are actively working towards expanding the market. Recently, the U.S. Department of Agriculture (USDA) provided an update on its interim final rule process for hemp. According to the USDA, hemp production in the U.S. has seen a resurgence in the last five years; however, it remains unclear whether consumer demand will meet the supply. High prices for hemp, driven primarily by demand for use in producing CBD, relative to other crops, have also driven increases in planting. As such, producer interest in hemp production is largely driven by the potential for high returns from sales of hemp flowers to be processed into CBD oil.

And after extensive consultation with the Attorney General, the USDA issued the following interim final rule to establish the domestic hemp production program and to facilitate the production of hemp, as set forth in the 2018 Farm Bill: The USDA upholds the 0.3% threshold as out of its jurisdictional hands as written into the law. Furthermore, the lack of remedies for testing noncompliance raised suggestions that farmers be allowed to ship to processors who could remove the THC to keep the crop viable. Another subject of worry was the requirement (as described in the Federal Register) that laboratories be certified by the Drug Enforcement Administration (DEA), and crops tested within 15 days prior to harvest. Yet, by the end of January, only 44 labs existed to support more than 16,000 licensed farmers. Accordingly, the industry expects to remain bureaucratically constrained yet again after other fundamental supply-chain bottlenecks limited output and producers’ ability to bring their crops to market.

Source: https://www.prnewswire.com/news-releases/cbds-touted-therapeutic-benefits-help-loosen-regulatory-constraints-301001669.html

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INTERVIEW: KABN Systems North America – A Fintech Platform Turning The Problem Of Online Privacy Into A Profit …. For You.

Posted by AGORACOM-JC at 11:02 AM on Thursday, February 6th, 2020

For some reason, we all take online privacy and identity for granted.  In the real world, we have someone verify who we are at the airport, banks and even bars by presenting ourselves in person, along with documentation (passport, drivers license, etc.)

But online we just punch in our credit card + CVV number (that one on the back) to access or buy just about anything.  The problem, as we’ve long known, is the recipient of your info has no idea if its really you, or the waiter you gave your credit card to last night at dinner.

For decades, we’ve accepted it as a cost of the convenience of credit cards, which is built into the ridiculously high % rates charged by credit card companies.

That’s all about to change.  People and governments have figured out over the past couple of years (see FACEBOOK) that too many companies know too much about us and use it to fill their pockets with insane amounts of money …. while sharing nothing with us.

Legislation has already been enacted and more is coming that will force EVERY company to re-think their business models.  The free ride is over for them and just beginning for us.

Enter KABN.  Watch this from your device, or listen to it in your car, bus or dentist’s waiting room.  KABN is private but has already announced a proposed RTO.  

We’re banging the table on how things are going to change beyond recognition this decade.  KABN is one of the companies making it possible.

WATCH.

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The technology that could save us from #deepfake videos SPONSOR: Datametrex AI Limited $DM.ca

Posted by AGORACOM-JC at 4:01 PM on Tuesday, February 4th, 2020

SPONSOR: Datametrex AI Limited (TSX-V: DM) A revenue generating small cap A.I. company that NATO and Canadian Defence are using to fight fake news & social media threats. The company announced three $1M contacts in Q3-2019. Click here for more info.

The technology that could save us from deepfake videos

Israeli startup Cyabra’s technology detects expertly doctored videos as well as the bots powering fake social-media profiles.

By Brian Blum

It’s November 2020, just days before the US presidential election, and a video clip comes out showing one of the leading candidates saying something inflammatory and out of character. The public is outraged, and the race is won by the other contender.

The only problem: the video wasn’t authentic. It’s a “deepfake,” where one person’s face is superimposed on another person’s body using sophisticated artificial intelligence and a misappropriated voice is added via smart audio dubbing.

The AI firm Deeptrace uncovered 15,000 deepfake videos online in September 2019, double what was available just nine months earlier.

The technology can be used by anyone with a relatively high-end computer to push out disinformation – in politics as well as other industries where credibility is key: banking, pharmaceuticals and entertainment.

Israeli startup Cyabra is one of the pioneers in identifying deepfakes fast, so they can be taken down before they snowball online.

Cyabra cofounder and CEO Dan Brahmy. Photo: courtesy

Cyabra CEO Dan Brahmy tells ISRAEL21c that there are two ways to train a computer algorithm to analyze the authenticity of a video.

“In a supervised approach, we give the algorithm a dataset of, say, 100,000 pictures of regular faces and face swaps,” he explains. “The algorithm can catch those kinds of swaps 95 percent of the time.”

The second methodology is an “unsupervised approach” inspired by a surprising field: agriculture.

“If you fly a drone over a field of corn and you want to know which crop is ready and which is not, the analysis will look at different colors or the way the wind is blowing,” Brahmy explains. “Is the corn turning towards its right side? Is it a bit more orange than other parts of the field? We look for those small patterns in videos and teach the algorithm to spot deepfakes.”

Cyabra’s approach is more sophisticated than traditional methods of ferreting out deepfakes – looking at metadata, for example, of where was the picture taken, what kind of camera was used and on what date it was shot.

“Our algorithm might not know the exact name of the manipulation used, but it will know that the video is not real,” Brahmy says.

Only a computer program can spot telltale signs the human eye would miss, such as eyeglasses that don’t fit perfectly or lip movements not perfectly synched with movements of the chin and Adam’s apple, Brahmy tells ISRAEL21c.

Staying a few steps ahead

Cyabra’s technology detects inauthentic nuances that the human eye would miss. Photo: courtesy

Deepfake detection technology must continually evolve.

In the early days – all the way back in 2017, when deepfakes first started appearing – fake faces didn’t blink normally. But no sooner had researchers alerted the public to watch for abnormal eye movements than deepfakes suddenly started blinking normally.

“To have a durable edge, you need to be a year or two ahead, to make sure no one can re-do what you just did,” Brahmy says.

That’s important both in catching the deepfakers and for a company like Cyabra to stay ahead of the competition.

Cyabra’s edge is that two of its four cofounders came out of IDF intelligence divisions where they looked for ways to foil terrorist groups trying to create fake profiles to connect with Israelis.

In addition, former Mossad deputy director Ram Ben Barak is on the company’s board of directors.

Fake social-media profiles

Cyabra’s deepfake detection technology was only released in the last month. For most of the past two years, since the company was founded, it has been focused on spotting fake social-media profiles.

Cyabra cofounder and COO Yossef Daar. Photo: courtesy

Brahmy cofounderYossef Daar claims there are 140 million fake accounts on Facebook, 38 million on LinkedIn, and 48 million bots on Twitter.

These, too, are not easy to detect.

Researchers from the University of Iowa discovered that some 100 million Facebook “likes” that appeared between 2015 and 2016 were created by spammers using around a million fake profiles.

Cyabra’s machine-learning algorithms run some 300 unique parameters to determine profile authenticity. A three-day-old profile with 700 friends whose user has no footprint outside of Facebook raises a red flag, for example.

In the 2016 U.S. elections, fake profiles on social media were the biggest problem – deepfakes didn’t exist yet.

By now, though, you’ve probably seen a few deepfakes yourself: Facebook CEO Mark Zuckerberg bragging about having “total control of billions of people’s stolen data,” former US President Obama using a profanity to describe President Trump or Jon Snow apologizing for the writing in season 8 of “Game of Thrones.”

Brahmy says the leadup to the 2020 election season is the right time to offer Cyabra’s solution.

Investors agree. Cyabra has raised $3 million from TAU Ventures and $1 million from the Israel Innovation Authority. The 15-person company started in The Bridge, a seven-month Tel Aviv-based accelerator sponsored by Coca-Cola, Turner and Mercedes. Now they’re based at TAU Ventures with a small presence in the United States as well.

Public and private sector clients

Cyabra’s clients prefer not to be named, although Brahmy did tell ISRAEL21c that 50% of its clients are in the public sector – governmental organizations or agencies – and the other half are “in the world of sensitive brands: consumer product, food and beverage, media conglomerates.”

“Imagine you’re in the business of providing unbiased information and suddenly 500 bots send you a message with a falsified picture and you’re ready to publish it. We want to be there five seconds before you pull the trigger, to let you know it’s false,” says Brahmy. This heatmap shows the level of doctoring done to a picture or frame in a video. Emphaized areas represent more heavily forged pieces of content. Image courtesy of Cyabra

Cyabra leaves the task of fact-checking content for “fake news” to other companies such as NewsGuard and FactMata. (Neither company is Israeli.)

There are also other companies dealing with deepfakes and fake profiles. But, Brahmy says, “we’re the only one doing both, with the technical capability to detect deepfakes along with cross-channel analysis to detect the bots [powering fake social media profiles], all under one roof.”

Facebook announced in January 2020 that it is banning deepfakes intended to mislead rather than entertain. But can Facebook really get ahead of all the deepfakes out there – and those to come?

If Cyabra and companies like it succeed, the next time you see a politician or celebrity saying something you find reprehensible, it might just be true.

Source: https://www.israel21c.org/the-technology-that-could-save-us-from-deepfake-videos/

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PyroGenesis $PYR.ca Comments on Recent Trading Activity and Stock Price $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 2:58 PM on Tuesday, February 4th, 2020

MONTREAL, Feb. 04, 2020 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, issues this press release in response to recent trading activity in its shares, and stock price decline.

The Company does not usually opine on stock price and trading activity, however, given the recent decline, and inquiries from investors, the Company confirms the following:

Everything material has been disclosed by the Company in either its press releases or quarterly reports. PyroGenesis further confirms that none of the contracts press released are at risk. Last but not least, the Company wishes to reassure PyroGenesis’ shareholders that we remain on track with our current and prospective projects, and that all contracted projects are being worked on, and such activity will be reflected in Q1 2020 results.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact:
Rodayna Kafal, Vice President Investors Relations and Strategic Business Development,
Phone: (514) 937-0002, E-mail: [email protected]

www.pyrogenesis.com

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Anglo American chief ‘surprised’ by #palladium bull market – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 2:48 PM on Tuesday, February 4th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Anglo American chief ‘surprised’ by palladium bull market

Neil Hume in Cape Town

  • The bull market in palladium has come as a surprise to the chief executive of Anglo American, one of the world’s biggest producers of the metal.

In an interview with the Financial Times, Mark Cutifani said he had not anticipated the barnstorming performance of palladium, which has surged 75 per cent over the past year to around $2,400 an ounce.

“Am I surprised prices have risen to this degree? Yes. And the reason is I thought there would be more substitution [from carmakers] back to platinum,” he said. “It will still happen over time. I have not changed my view. What I underestimated, very clearly, was the focus on the automakers have on making sure they manage emissions.”

In March 2018 Mr Cutifani said the rapid rise in the precious metal’s price has created a “bubble” but that its value was likely to remain high for some time. At that point palladium was trading at around $1,350 an ounce. The price subsequently rose as high as $2,555 before dropping back to about $2,400 today.

Palladium is a vital ingredient in catalysts for petrol and hybrid cars that convert toxic emissions such as carbon monoxide and nitrogen oxide to carbon dioxide, water and nitrogen. Demand for the metal has increased due to tightening emission standards in the automotive industry, particularly in China, that require more of it to be used in car catalysts.

“The way I put it, the CEO of an auto company won’t get fired for spending $20 on a vehicle on a bit more palladium. What they might get fired for is not meeting their emissions targets. That’s the critical issue,” said Mr Cutifani. After nearly a decade of undersupply the market is now critically short of palladium and scrambling to find new sources of supply.

It has also sparked a crime wave with thieves in London jacking up cars to steal the catalytic converters, which are then sold to scrap metal dealers for cash. Production of palladium is constrained because it is mined as a byproduct of platinum and nickel — commodities where new projects have been few and far between.

“What people are learning is that you can’t just turn its [supply] on and off. It’s not a flick of the switch. Mines take a long time to develop. Now, are we reacting, yes . . . but it takes a bit of time.” Additional reporting by Harry Dempsey in London.

Source: https://www.ft.com/content/61e14260-4737-11ea-aeb3-955839e06441

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CLIENT FEATURE: NORTHBUD $NBUD.ca Multinational #cannabis company laying the foundation to aggressively pursue the greatest recreational markets $CGC $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 2:32 PM on Tuesday, February 4th, 2020

Salinas greenhouse facility is currently operating 60,000 sq. ft. licensed canopy and contains ample room for expansion. The facility is also licensed for manufacturing and for distribution.

  • In late December completed first harvest at Salinas, California cultivation facility.
  • Harvested 2,687 plants that were included in the acquisition of the Qlora Group.
  • Anticipates completing testing and sale of the product in late January 2020, which will represent the first revenue generated by the Company in California.
  • Also completed an in-depth review and analysis of both the infrastructure and cultivation practices and will be implementing significant efficiencies over the course of the next four harvests.
  • Anticipates continual harvests of 2,000-3,000 plants every 25 days, with quality and yield improving with each harvest.
  • Product will be sold via wholesale agreements to existing Qlora clients in the interim as company prepares for the launch of NORTHBUD branded flower products in California in the third quarter of 2020. 

Cannabis Production Facility in Reno, Nevada

Assumed control of Nevada operation licensed for cultivation, manufacturing and distribution throughout the state.

  • Announced the completion of the first harvest of approximately 175 indoor grown plants
  • Upon the completion of testing and processing, the product will be distributed as NORTHBUD flower, pre-rolls and infused pre-rolls into selected Nevada dispensaries.
  • The launching of NORTHBUD branded products into Nevada marks a significant milestone for the Company.

Request for Outdoor Cultivation License:

  • In the context of a regular follow-up communication with Health Canada, representatives of the Company received verbal feedback that the application review is complete and the reviewers do not have any more questions
  • Subject to the re-submission of a required foreign police certificate related to one of the foreign directors of the Company, the Company will be in the final queue for receiving its licence.
  • The Company is confident that it will be able to file the certificate promptly; however, there can be no assurance as to the exact timing of the issuance of the licence by Health Canada or whether the Company will receive any final request from Health Canada.

FULL DISCLOSURE: NORTHBUD is an advertising client of AGORA Internet Relations Corp.

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Eric #Sprott Announces Investment in New Age Metals Inc. $NAM.ca $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 4:24 PM on Monday, February 3rd, 2020
  • Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 14,000,000 units of New Age Metals Inc.,
  • At a price of $0.05 per share for aggregate consideration of $700,000

Toronto, Ontario–(February 3, 2020) – Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 14,000,000 units of New Age Metals Inc., pursuant to a private placement, at a price of $0.05 per share for aggregate consideration of $700,000. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.10 per share for a period of two years.

Mr. Sprott now beneficially owns and controls 14,000,000 common shares and 14,000,000 common share purchase warrants of New Age Metals (representing approximately 10.2% of the outstanding shares on a non diluted basis and approximately 18.6% on a partially diluted basis). Prior to the acquisition, Mr. Sprott did not beneficially own or control any shares of New Age Metals Inc.

The units were acquired by Mr. Sprott, through 2176423 Ontario for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of New Age Metals including on the open market or through private acquisitions or sell securities of New Age Metals including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

New Age Metals is located at Suite 101-2148 West 38th Avenue, Vancouver, BC V6M 1R9. A copy of 2176423 Ontario’s early warning report will appear on New Age Metals profile on SEDAR at www.sedar.com and may also be obtained by calling Mr. Sprott’s office (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52058

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New trading platform aims to unlock investment in #renewables, big #batteries SPONSOR: $HPQ.ca Silicon $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 10:45 AM on Monday, February 3rd, 2020

SPONSOR: HPQ-Silicon Resources HPQ: TSX-V aiming to become the lowest cost producer of Silicon Metal and a vertically integrated and diversified High Purity, Solar Grade Silicon Metal producer. Click here for more info.

New trading platform aims to unlock investment in renewables, big batteries

  • A digital energy trading platform that paves the way for clean energy technologies, including “big batteries”, to participate directly and optimally in the wholesale electricity market is set to be launched with the backing of the Australian Renewable Energy Agency

By: Sophie Vorrath

A digital energy trading platform that paves the way for clean energy technologies, including “big batteries”, to participate directly and optimally in the wholesale electricity market is set to be launched with the backing of the Australian Renewable Energy Agency.

The first of its kind online market platform called the Renewable Energy Hub creates power purchasing deals customised to new energy technologies, including grid-scale battery storage systems, rather than outdated contract templates designed around coal and gas plants.

Renewable Energy Hub’s head of markets Chris Halliwell said the traditional market used by generators and retailers to hedge against huge fluctuations in wholesale electricity prices worked to effectively shut out new technologies by presuming an ability to provide “baseload” generation.

He says the Hub, which claims to have so far contracted more than 2GWh of renewable electricity, will be a “real head turner” for the electricity market when it launches in the next couple of months, and a boon to both renewable energy developers and big energy users.

The Hub’s parent company, TFS Green, has already successfully trialled a “firm solar contract” product, as RenewEconomy reported in 2018, which replicates the “shape” of solar generation, and then matches the buyer’s needs with contracts for supply to the wholesale market, thus guaranteeing a flat and fixed price for that power.

“It is de-risking and firming up solar generation for project owners and market participants,” Halliwell told RenewEconomy at the time.

But the scope of the fully-launched Renewable Energy Hub will extend well beyond solar and, says Halliwell, will be particularly well suited to “firming technologies” like battery storage.

“This effectively turns a financial firming solution into a physical firming solution, hastening the arrival of those storage and other balancing resources required to help the energy system make the required transition to 100 per cent renewables,” said Halliwell.

“It’s exactly what the market needs, beyond subsidies and beyond PPAs,” Halliwell told RE in an interview on Monday, as new reports emerge warning that the Coalition’s energy policy void could reverse the positive effects on the NEM of a massive roll-out of large-scale solar and wind.

Already, the lack of any longer-term renewable energy policy beyond the RET is believed to have been a bit player in a massive slump in investment in large-scale solar and wind in 2019, confirmed at 60 per cent below 2018 levels by BloombergNEF, and at a 50 per cent reduction by the Clean Energy Council.

“(The Renewable Energy Hub) will drive project finance and investment and unlock uptake of renewaables,” Halliwell said, allowing renewable energy developers to capture better pricing via contracts better suited to their technology type.

“It will also provide new incentives for market players to seek out assets – such as batteries and other ‘balancing’ resources – that can firm up the intermittency of renewables.”

On the other side of the market, Halliwell added, it will help meet the demands of a booming audience of corporate customers looking to transact energy in a different way.

Source: https://reneweconomy.com.au/new-trading-platform-aims-to-unlock-investment-in-renewables-big-batteries-92280/

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New Age Metals $NAM.ca Closes Private Placement for $2-million $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 8:48 AM on Monday, February 3rd, 2020
  • Closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp.

February 3, 2020 – Rockport, ON, Canada – New Age Metals Inc. (the “Company”) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) has closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”), where each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for a period of two (2) years from the date of closing.

In connection with the closing, the Company paid fees to IBK Capital Corp. in the amount of $104,000 in cash and issued 3,300,000 broker warrants. The Company also paid fees to Mackie Research Capital Corporation in the amount of $28,000 in cash and issued 700,000 broker warrants. Each broker warrant is exercisable into a unit under the same terms as the private placement.

New Age Metals is pleased to announce that Eric Sprott, through 2176423 Ontario Ltd., has purchased $700,000 of the fully subscribed private placement. A new insider was created in connection with the financing. 2176423 Ontario Ltd. (a company beneficially owned by Eric Sprott) purchased 14,000,000 units of the Company representing approximately 18.56% of the Company’s current issued and outstanding shares on a post conversion beneficial ownership basis. Prior to his purchase, 2176423 Ontario Ltd. (Eric Sprott) did not beneficially own or control any securities of the Company. The Units were acquired for investment purposes.

Harry Barr, Chairman and Chief Executive Officer of New Age Metals, reports: “We are very pleased to have Eric Sprott as a partner of New Age Metals Inc. His record of success is quite simply unmatched.”

The gross proceeds of this financing will be used to develop the Company’s 100-per-cent owned River Valley palladium project, located 60 miles from the Sudbury metallurgical complex in Sudbury, Ontario.

All securities issued in connection with the private placement are subject to regulatory approval and are subject to a four month plus one day hold period expiring on June 4, 2020, in accordance with applicable Securities Laws.

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About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned River Valley Project, one of North Americas largest undeveloped Platinum Group Metals Projects, situated 100 kilometers from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 96,843,766 shares issued to date.

Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. For further information any questions or comments can be directed to [email protected] or Harry Barr at [email protected] or Cody Hunt at [email protected] or call 613 659 2773.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr, Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Copyright (c) 2020 TheNewswire – All rights reserved.

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Posted in New Age Metals | Comments Off on New Age Metals $NAM.ca Closes Private Placement for $2-million $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Spyder $SPDR.ca Announces Canceling of the Non-Brokered Financing, Secures $442,000 Bridge Loan from Management and Insiders and Appoints New Board Member $CGC $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 7:52 AM on Monday, February 3rd, 2020
  • Cancelled the previously announced (January 13, 2020) non-brokered private placement of senior secured convertible debentures in the aggregate principal amount of up to $1,500,000.

Vaughan, Ontario–(February 3, 2020) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“) would like to announce that it has cancelled the previously announced (January 13, 2020) non-brokered private placement of senior secured convertible debentures in the aggregate principal amount of up to $1,500,000.

BRIDGE LOAN SECURED

To ensure its short-term working capital needs are covered, Spyder has secured bridge loans in the amount of $442,000 provided primarily by management and insiders in the Company. The bridge loan will have the following attributes. The term matures on July 25, 2020, bears interest at 12% per annum payable monthly in arrears and Spyder may repay all or a portion there-on at any time during the period. To secure the bridge loans, Spyder granted a security interest over all of the personal property, assets and undertakings of Spyder.

“Securing a bridge loan for nearly half a million dollars largely from management and insiders shows confidence in Spyder’s ability to execute on its business model. We are excited to begin this next phase in Spyder’s development,” says Dan Pelchovitz, CEO of Spyder.

APPOINTMENT OF NEW BOARD MEMBER

In addition, Spyder is pleased to announce that Mr. Ben Leung has been appointed as a director. Ben is an accountant with over 28 years of financial accounting and management experience in both private industry and public practice. He is currently the Chief Financial Officer of Cultivate Capital Corp., a company investing and operating in the cannabis and hemp industry throughout North America. Over the past 2 years, Ben has acquired strong working knowledge of this industry and was responsible for leading strategic discussions, acquisitions, budgeting, financing, financial reporting and internal controls. Most recently, Ben was the controller, and then promoted to CFO of QE2 Acquisition Corp. He served a critical role in getting the corporation listed on the TSXV. His experience includes financial reporting, taxation, risk management, human resources and corporate governance. Prior to that, he was a senior manager with a Calgary based accounting firm and focused on the audit and assurance department. He has held controllership positions with publicly listed companies in the pharmaceutical, oil and gas, and manufacturing industries.

The Company would also like to announce the resignation of Mike Lerner from its Board of directors. The Company would like to thank Mr. Lerner for his time and commitment during his tenure on the Board.

MI 61-101 DISCLOSURE

Several directors and insiders as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“), participated in the bridge loans, either directly or indirectly, therefore the bridge loans constitute a “related party transaction” within the meaning of MI 61-101. In its consideration and approval of the bridge loans, the board of directors of the Company determined that the bridge loans are exempt from the formal valuation and minority approval requirements of MI 61-101 on the basis that the fair market value of loans to related parties does not exceed 25% of the market capitalization of the Company, in accordance with Sections 5.5 and 5.7 of MI 61-101.

The Company did not file a material change report more than 21 days before the closing of the bridge loans as the details of the bridge loans, and the confirmation of insider participation in the bridge loans, was not definitively known to the Company until the date of the closing of the bridge loans and the board of directors determined that it was in the best interests of the Company to close the transaction as soon as practicable.

About Spyder Cannabis Inc.

Spyder is a CBD and Cannabis retailer that operates in jurisdiction where the products are federally legal in both Canada and the United States. The Company, through its subsidiaries, is a retailer involved in the development of three retail business units. The first is the sale of CBD in the United States, the second is the sale of smoking cessation and cannabis products in Ontario; and the third is the sale of cannabis products in Alberta.

Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward- looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

For more information, please contact:

Spyder Cannabis Inc.
Dan Pelchovitz
President & Chief Executive Officer Telephone: 1.888.504.7737
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52035

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Posted in Spyder Cannabis Inc. | Comments Off on Spyder $SPDR.ca Announces Canceling of the Non-Brokered Financing, Secures $442,000 Bridge Loan from Management and Insiders and Appoints New Board Member $CGC $ACB $APH $CRON.ca $OGI.ca

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