Month: September 2021

Release – Namaste Provides Corporate Update

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Namaste Technologies Provides Corporate Update

 

TORONTO, Sept. 03, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, today provided a corporate update including on its wholly owned subsidiary, CannMart Labs Inc. (“Labs”).

Labs Update:
The Company is pleased to confirm that Labs has successfully completed a number of test batches and is working diligently to finalize processes for the imminent launch of commercial products. Test batches have produced exceptionally clear gold extracts resulting from the use of high-quality input biomass and utilizing Labs’ state of the art BHO extraction system that isolates pure cannabinoid compounds and terpenes. The initial Certificates of Analysis have shown exceptionally high terpene content. Terpene content is the value add of “Live” products, which gives these products their enhanced taste and aroma valued by consumers.

Launch of Limited Edition Roilty SKUs:
Furthermore, through its in-house brand Roilty, Labs will be launching a limited edition run of two SKUs: Roil Lemon Haze live resin product and Priest Punch live resin product.

A Roil Lemon Haze live resin product will be marketed as a glistening golden colour, soft and bursting with terpene goodness expected around 10%. This SKU leading the terpene charge is Terpinolene – a lesser known and often rare terpene responsible for the herbaceous and citrus aromas followed by Beta-Caryophyllene, which gives a spicy, tangy flavour. The SKU hearkens back to its roots, as a citrusy, skunky behemoth with input biomass, a cross between strains Super Silver Haze and Lemon Skunk.

Roilty’s Priest Punch live resin product will be marketed as a gooey gold, smooth textured product, oozing with rich, juicy terpenes expected around 10%. For this SKU, beta-ocimene has a strong influence, with floral overtones and aromas of grape and diesel. The input material is a trichome dream, perfect for BHO extraction – bred from heavy-hitting Church and Grape strains.

Both SKUs shall be available to purchase at CannMart.com by medical customers, and available in recreational channels through expected sales to provincial buyers, in each case by the end of October 2021. As Labs produces these and further SKUs, the Company looks forward to generating higher margins in its drive for profitability.

Share Issuance Related to CannMart Labs:
The Company intends to issue, an aggregate of 1,712,198 common shares (issued at a deemed price of $0.1574, which is equal to the seven-day volume weighted average), without a hold period, as payment of the third tranche of the remaining base purchase price to the vendors under the share purchase agreement for the acquisition of the remaining 49% interest in Labs first announced on November 18, 2020. The issuance is considered to be a shares for debt transaction under the policies of the TSX Venture Exchange (the “TSX-V“) and remains subject to TSX-V approval.

RSU Grant:
The Compensation Committee of the Company has reviewed and discussed certain changes to its non-employee director compensation given (i) the approval of Shareholders to the adoption of a deferred share unit plan (the “DSU Plan”) and restricted share unit award plan (the “RSU Plan”) at the Corporation’s last Annual General Meeting held on Tuesday, September 29, 2020 and (ii) receipt of recommendations of independent industry experts to best determine the overall remuneration package for non-employee directors, in order to stay competitive in the marketplace and to attract and retain top-tier directors. To that end the Compensation Committee considered long term incentive program benchmarks, including option and RSU grants, as established from peer companies with comparable market capitalization, operating not only within the cannabis sector, but in similar and adjacent sectors, and compared those those against historical grants and standards.

On the basis of Compensation Committee recommendations, the Board of Directors of the Company (the “Board”) has thereby approved appropriate changes to the non-employee director compensation plan, including rebalancing non-employee director compensation such that approximately 43% of non-employee director baseline compensation (before chair and committee fees) is provided in the form of awards, instead of cash subject to the DSU Plan and/or RSU Plan, re-affirming the Board’s commitment to the future success of the Company.

Connected thereto the Board has approved the grant of 1,612,500 vested restricted share units in aggregate to the Company’s four non-employee directors and the Company is thereby reserving 1,612,500 common shares for issuance in connection therewith, all in accordance with the rules of the TSX Venture Exchange and the Company’s RSU Plan.

Corporate Re-Positioning:
In furtherance of the Company’s evolution to wellness announced in February 2021, the Company looks forward to launching soon the re-positioning of its corporate identity as first disclosed in September 2020. Stay tuned!

About Namaste Technologies Inc.
Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.

The forward-looking information contained herein, including the sale of Labs produced products in medical and recreational channels in financial Q4, 2021, are made as of the date of this press release and are based on assumptions management believed to be reasonable at the time such statements were made. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the Company’s ability to successfully operate everywhere in a virtual environment. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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 or has in any way approved or disapproved of the contents of this press release.

Source: Namaste Technologies Inc.

Release – Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

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Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

 

Vancouver, British Columbia, September 3, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to announce that the 2021 exploration program will resume drilling at the E&L nickel-copper-cobalt massive sulphide project at Nickel Mountain in Northwest British Columbia. This coincides with the completion of two separate airborne geophysical surveys at the Company’s180 sq.km Eskay Claim Group.  

Preliminary ZTEM Results

Garibaldi’s preliminary ZTEM survey data has identified a number of electro-magnetic (EM) anomalies. The survey detected the response of several conductors that will be ranked for field work and drill testing, early results are described as follows:

  • Preliminary 2D Geotech ZTEM survey data over the Nickel Mountain Gabbroic Complex (NMGC) has detected several responses that support results from earlier VTEM surveys. Five conductors occur along and within the northeast trending gabbroic complex starting from E&L in the southwest to Mount Shirley in the northeast, and add to the potential for new discovery.
  • These five separate ZTEM anomalies have never been previously drill tested as VTEM targets due to the higher priority of drilling the E&L mineralized zones. After producing a ZTEM response, these early results provide support for these anomalies as reliable conductors and priority drill targets.
  • While final ZTEM 3D interpretation is required for full confirmation, the fact these preliminary 2D ZTEM results coincide specifically with the five earlier VTEM conductors, is considered to be significant. Particularly interesting is the ZTEM responses extending downward below the VTEM anomalies in four of the five conductors.
  • The ZTEM survey also tested beneath the Bowser-Hazelton geologic contact sequence over Garibaldi’s claims. Garibaldi’s Eskay North claim block borders the original Eskay Creek mine situated along strike within 3 kms of the historic 21zones.These zones had some of the highest precious metal grades in history.

Financing Facility

Garibaldi Resources Corp.is pleased to announce that it has entered into a definitive agreement with Alumina Partners (Ontario) Ltd. to provide up to $12 million CDN over 3 years by way of a draw down equity financing facility. Alumina Partners is an affiliate of New York based private equity firm Alumina Partners, LLC.

 

The investment agreement is structured for relatively rapid access to equity private placement tranches of up to $500,000 CDN each. Each tranche will be a private placement of units comprised of one Garibaldi common share and one-half a common share purchase warrant good for 3 years.

Steve Regoci Garibaldi’s CEO stated “The investment agreement with Alumina Partners will allow for more flexibility to expand exploration budgets and provide insurance to accelerate development plans. As the new economy ramps up and demand for depleting critical metals grows, our shareholders will be well positioned to benefit.”

“We’re pleased to support Garibaldi as they ramp up exploration programs at Eskay Creek and the Atlin Gold Fields,” added Adi Nahmani, Alumina’s Managing Member. “The combination of gold and strategic battery metals opportunities in Garibaldi’s portfolio is very attractive to us. We believe that the dual drivers of near-term inflation and rising demand for energy storage solutions will set the stage for a favorable price environment for Garibaldi’s future development, and we look forward to seeing management execute in the remainder of this year and the year to come.”

Garibaldi may elect to access funding as and when required at its sole discretion, there are no standby charges or other upfront fees associated with the investment agreement. The units will be issued at a discount of 15% to 25% from the closing market price at the time each tranche is drawn down and the warrants will be issued at a 25% premium over the same closing market price. The expiry date of the warrants may be accelerated if they should trade equal to or greater than twice the exercise price for 20 consecutive days once eligible to be exercised. Each unit issued under the investment agreement will be subject to acceptance of the TSX Venture Exchange and the securities issued will be subject to a four month hold period from the date of issuance.

Steve Regoci, Garibaldi’s CEO, stated: “There’s a great deal of anticipation as to these preliminary ZTEM results which identifies a very intriguing group of anomalies lined up over a significant distance along the northeast axis from E&L. Their features are extremely interesting and we’re eager to drill these targets.

The Eskay Claim group contains enormous potential beyond our recent discoveries. Plans remain to continue to drill test the mineralized E&L extensional chambers and prepare Casper and Palm springs for drilling. Final 3D processed ZTEM data will help prioritize the next drill targets”

Geophysical Surveys Overview

The first stage of 2021 exploration relied on Geotech’s proprietary ZTEM survey to identify similar EM responses as the mineralized E&L gabbro, throughout the Nickel Mountain Gabbro Complex (NMGC).  As well, the ZTEM survey will aid in detecting additional mineralized chambers below the known mineralized gabbroic intrusive of the E&L system helping to guide targeted deeper drilling.  Furthermore, the survey aided in detecting EM sources for numerous Nickel, Copper, Zinc and Gold samples along the flanks of the NMGC and throughout the property (see slide 21 of Garibaldi Corporate Presentation) visit www.GaribaldiResources.com to view Ztem survey map.

Qualified Person

Jeremy Hanson, P.Geo., VP Exploration Canada for the Company and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release

Release – Sabre Gold Completes Acquisition of Golden Predator

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Sabre Gold Completes Acquisition of Golden Predator

 

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Sabre Gold Mines Corp. (formerly Arizona Gold Corp.) (“Sabre Gold” or the “Company”) (TSX: AZG, OTCQB: AGAUF) and Golden Predator Mining Corp. (“Golden Predator”) (TSX.V: GPY, OTCQX: NTGSF) are pleased to announce the successful completion of the previously-announced business combination, pursuant to which Sabre Gold has acquired all of the issued and outstanding common shares of Golden Predator (the “Golden Shares”) by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the “Arrangement”).

With the Arrangement now complete, Sabre Gold intends to cause the Golden Shares to be delisted from the TSX Venture Exchange (expected on or about close of markets on September 3, 2021), and Golden Predator intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.

Further details regarding the Arrangement are set out in the joint management information circular of Sabre Gold and Golden Predator dated July 23, 2021 which is available on SEDAR (www.sedar.com) under the respective issuer profiles of Sabre Gold and Golden Predator.

Early Warning Reporting

By virtue of its acquisition of all the issued and outstanding Golden Shares under the Arrangement, Sabre Gold is required to file an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed on SEDAR (www.sedar.com) under Golden Predators’ issuer profile.

About Sabre Gold Mines Corp.
The combined company represents a business combination of Sabre Gold and Golden Predator a diversified, multi asset near-term gold producer in North America which will hold 100 per cent ownership of both the fully permitted Copperstone mine located in Arizona, United States and the Brewery Creek mine located in Yukon, Canada both of which are former gold producers. Management of the combined company intends to restart production at Copperstone followed by Brewery Creek in the near term.

The resource base of the combined company will consist of approximately 1.1 million ounces gold in the measured and indicated categories, plus an additional 1.5 million oz gold in the inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high priority targets currently identified.

For further information please contact:

Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
gtbonifacio@arizona-gold.com

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. Such statements include, but are not limited to, statements with respect to the resource base of the combined company and timing of delisting of the Golden Predator common shares and application to cease its reporting status. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sabre Gold to be materially different from those expressed or implied by such forward-looking statements. Although management of Sabre Gold and Golden Predator have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. The parties will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. The parties caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the Sabre Gold common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the Sabre Gold common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Sabre Gold common shares, nor shall there be any offer or sale of the Sabre Gold common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

SPAC Supply Provides Rare Opportunity

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Irrational Pessimism – Why Value Investors Should Research Individual SPACs

 

Stock market participants are made up of investors with various needs and styles. They consist primarily of those with short-term time horizons, those investing longer-term, momentum traders, and others who look for value in out-of-favor sectors. By some measures, the mismatch in demand for SPAC IPOs and viable targets earlier this year has led to some loss of enthusiasm by investors. But, for one group of investors that may have not considered them before, many of the current outstanding SPAC issues offer real value.

Many current SPACs are trading at a discount to the overall balance within their escrow account. This provides a rare level of protection and potential. Let me explain. When any currently trading SPAC first went public the promise to investors was using the proceeds from the SPAC IPO to shop for the perfect company to merge with. The proceeds from the offering, usually $10 per share, were placed in an escrow account and held in trust for this purpose. The trust account earns interest and is used to pay bills associated with the SPAC, in most cases, it remains largely intact. Information on the state of any SPAC trust account assets can be found on their most recent Edgar 10-Q filing. The data is a snapshot as of the date on the filing but should allow investors to, along with the stock price and shares outstanding, determine if the entire unmerged “blank check” company is worth more or less than where it is currently trading. Edgar filings are available at SEC.gov and through the SPAC companies’ website.

There Are No Bad Investments
(at the right price)

Many SPACs are now trading at a discount to their liquidation value. The market for this structure has had difficulty finding its balance since late last year. Enthusiasm, beginning a year ago, brought a great amount of demand for new SPAC IPOs. This level of investor demand outpaced the supply of great targets available. This realization, in large part, has soured investor’s appetite for this structure. This “souring” is good for value investors. As for the momentum investors that were excited about SPACs in January won’t find a stampede in these IPOs for a while.

When any investment category falls out of favor, prices drop and value may be found. Mathematically, value can be assessed with outstanding SPACs. The balance sheets on the Edgar filings provide data such as “Investments Held in Trust Account” “Accumulated Deficit” and “Total Shareholder’s Equity.” Remember, Shareholders’ Equity
= Total Assets? Total Liabilities. If one divides this total by shares outstanding, then the liquidation value per share (as of the date of the filing) is largely known. Is a SPAC trading at a discount to its value? If yes, by how much?

SPACs also have an end date, usually two years from the initial offering date. This allows a rough yield calculation using the discount. Even if the management company finds an acceptable merger, the stockholder has the option of liquidation at the pro-rata trust value. Or, they can decide to take part in the merger and part of it. If they liquidate the period of capturing the discount is likely to be shorter which mathematically increases the yield as the same income is earned over a shorter period of time.

A Floor on Risk and Choices

Then there is optionality. The discounted SPAC owner may find that their share prices jump if other investors want “in” on owning the merged entity. Shareholders themselves may decide the return from continuing to own the deSPAC shares is the best use of their investment capital and continue to hold.

Take-Away

Many SPACs are trading near their 52-week lows. Meanwhile, stock market valuations are hitting new highs. The weakness in price is reflective of the appetite investor had relative to how many successful SPAC mergers could actually be accomplished in a short period.

Outstanding pre-deal SPACs, most with a vintage of late 2020 or early 2021 can be compared to short-duration convertible bonds. That is to say, there is an underlying expected yield that could be realized in the next 18 months, along with the return on discount, there is also an opportunity to realize outsized returns if a great merger candidate is identified.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:



The Different Ownership Paths Before the De-SPAC Period

Analysis of a Special Purpose Acquisition Company





The Final Phase of a Special Purpose Acquisition Company

Regulation of a Special Purpose Acquisition Company

 

Sources:

SEC.gov

https://www.barrons.com/articles/spac-stocks-opportunities-51630111867?mod=hp_columnists

https://www.scmp.com/business/banking-finance/article/3146978/slowdown-spac-issuance-healthy-markets-sponsor-behind

 

Stay up to date. Follow us:

 

QuickChek – September 2, 2021

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Energy Fuels Issues Reminder Regarding Expiration of Warrants

Energy Fuels announced that Warrants will expire at 5:00 p.m. Toronto time on Monday, September 20, 2021

Research, News & Market Data on Energy Fuels

Watch recent presentation from Energy Fuels



Sabre Gold and Golden Predator Announce Anticipated Plan of Arrangement Closing; Attendance at Precious Metals Summit

Golden Predator Mining announced that all conditions to closing have now been satisfied in respect of the previously announced business combination

Research, News & Market Data on Golden Predator Mining

Watch recent presentation from Golden Predator Mining



Esports Entertainment Group Partnering with Real Cricket 20 to Provide Software Integration for First Global Tournament

Esports Entertainment Group announced it is partnering with Real Cricket 20, the world’s top mobile cricket game, and Sports in Esports Ltd, to provide software integration services for the dafaNEWS Ecricket World Series

Tampa Bay Buccaneers Name Esports Entertainment Group as Its Official Esports Tournament Platform in Multi-Year Deal

Esports Entertainment Group announced it has signed a partnership agreement with the Tampa Bay Buccaneers to be the NFL franchise’s official esports tournament platform provider

Research, News & Market Data on EEG

Watch recent presentation from EEG



Salem Podcast Network Launches Daybreak Insider Daily Podcast

Salem Media announced that the Salem Podcast Network will launch the Daybreak Insider Daily Podcast beginning on Tuesday, September 7th

Research, News & Market Data on Salem Media

Watch recent presentation from Salem Media

 

Stay up to date. Follow us:

 

Release – Tampa Bay Buccaneers Name Esports Entertainment Group as Its Official Esports Tournament Platform in Multi-Year Deal

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Tampa Bay Buccaneers Name Esports Entertainment Group as Its Official Esports Tournament Platform in Multi-Year Deal

 

Newark, New Jersey and Tampa, Florida–(Newsfile Corp. – September 2, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) has signed a partnership agreement with the Tampa Bay Buccaneers to be the NFL franchise’s official esports tournament platform provider. As part of the new multi-year agreement, the Company will operate co-branded esports tournaments annually for the Buccaneers utilizing its Esports Gaming League (“EGL”) platform.

“We are thrilled to further expand our reach in the NFL through our partnership with the Buccaneers as our industry-leading tournament platform continues to gain strong traction among top-tier professional sports franchises,” said Grant Johnson, CEO of Esports Entertainment Group. “Our robust tournament platform will help the Buccaneers and their marquee players such as Tom Brady and Rob Gronkowski strengthen connections with their fans, while providing new avenues for engagement.”

As a proud partner of the Buccaneers, the Company will leverage player imagery within the Buccaneers’ local market and will also work with the Buccaneers to promote the tournaments in extensive ongoing digital marketing efforts spanning social, email, mobile, and online channels.

“We are always looking for ways to engage and build stronger connections with all segments of our fanbase and esports tournaments offer an exciting, new way to continue growing that connection,” said Buccaneers Chief Operating Officer Brian Ford. “The Esports Entertainment Group’s Buccaneers Gaming Tournaments will be very popular with our fans of all ages and a fun way to compete in an entertaining and social environment with gamers throughout our fan base.”

“The Buccaneers join a growing number of leading teams in the NFL, NHL, NBA, that recognize the quality of our robust platform and its ability to meet the demanding needs of large-scale, high-profile deployments,” said Magnus Leppäniemi, President of Esports at Esports Entertainment Group.

The Company’s esports tournament platform enables live and online events and tournaments where gamers can compete and enjoy a wide range of content relating to esports and video games on a proprietary technology platform. Services include full turnkey esports events, live broadcast production, game launches, and online branded tournaments.

About the Tampa Bay Buccaneers
The Tampa Bay Buccaneers are in their 46th year as members of the National Football League and compete in the National Football Conference’s South Division. They were purchased by the late Malcolm Glazer in 1995 and are currently owned by the Glazer Family. Established in 1976, the Buccaneers have totaled six division championships, two conference championships and two Super Bowl Championships, including Super Bowl LV that was played on their home field at Raymond James Stadium. The Buccaneers are also very active in the community, with the Tampa Bay Buccaneers Foundation and the Glazer Vision Foundation. For more information, visit www.buccaneers.com.

About Esports Entertainment Group
Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:
U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

Release – Salem Podcast Network Launches Daybreak Insider Daily Podcast

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Salem Podcast Network Launches Daybreak Insider Daily Podcast

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that the Salem Podcast Network (“SPN”) will launch the Daybreak Insider Daily Podcast beginning on Tuesday, September 7th.

The daily podcast will be released each weekday morning by 6 am ET and will feature an overview of the biggest stories of the day. It will be hosted by Salem Radio News (“SRN”) anchor Rich Thomason from SRN’s Washington, D.C., bureau.

“It’s clear that podcast listeners are looking for informed reporting on what’s really happening in their world,” said Salem Senior Vice President of Spoken Word, Phil Boyce. “Within Salem, we have a wealth of resources, both for newsgathering and for analysis. With the Daybreak Insider Podcast, we’ll be pooling all of those resources into a single podcast to provide in-depth coverage from a conservative worldview. You’ll hear trusted voices from SRN News, Townhall.com, as well as the Salem Radio Network every day on this podcast, and it will all be pulled together by the experienced voice of Rich Thomason.”

The Daybreak Insider Podcast will be a companion product to the Daybreak Insider Newsletter, which is currently distributed each weekday morning to more than 100,000 subscribers.

Rich Thomason brings more than forty years of news experience to the Daybreak Insider Podcast, including more than two decades with SRN News as an anchor, correspondent, and news producer. Previously, he’s worked in Atlanta, Baltimore, and Washington, D.C., in the newsrooms of CNN and the Associated Press as a news writer, editor, reporter and anchor.

The Salem Podcast Network launched in January of 2021 with Charlie Kirk and Dinesh D’Souza. SPN has since added Todd Starnes, Trish Regan, and Jenna Ellis, in addition to the Salem Radio Network hosts who have daily podcasts on www.SalemPodcastNetwork.com. SPN was ranked the #13 podcast network in America in July by Triton Digital based on average weekly downloads. SPN averages more than 12 million downloads per month.

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Evan D. Masyr
Executive Vice President and Chief Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Released September 2, 2021

Release – Esports Entertainment Group Partnering with Real Cricket 20 to Provide Software Integration for First Global Tournament

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Esports Entertainment Group Partnering with Real Cricket 20 to Provide Software Integration for First Global Tournament

 

Newark, New Jersey–(Newsfile Corp. – September 2, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) is partnering with Real Cricket 20, the world’s top mobile cricket game, and Sports in Esports Ltd, to provide software integration services for the dafaNEWS Ecricket World Series, the first global Ecricket tournament. Over 37,000 players have pre-registered for the event in the first week.

“We are extremely excited to have Real Cricket 20 as our first game utilizing our new software development kit esports tournament technology,” said Esports Gaming League (EGL) General Manager Glen Elliott. “It helps games become an esport by creating a matchmaking and ranking system within the game.”

The partnership will also mark the launch of EGL+, a new feature from EGL that enables mobile game developers to embed an easy-to-use esports competition platform into their game environment to help drive player engagement. Additionally, the Company will be involved with the game’s virtual items and season passes.

“We believe that Real Cricket 20 has redefined cricket games on mobile,” said AnuJ Mankar, Sr. Vice President of Nautilus Mobile, who publishes the game. “The game offers a complete cricket experience, with features that include real-time multiplayer and spectator mode. We look forward to working with the entire team team to drive the Ecricket World Series to gamers and esports fans globally.”

The event includes eight weeks of qualifying and its field will be narrowed down to eight players who will compete for a grand prize of $10,000.

“As fans of esports, it is vital cricket joins the gaming elite. We have created a competition that will break all barriers to online sports gaming,” said Chris Cockerell, Co-Founder of Sports in Esports ltd. ” We will be working with cricket associations and clubs across the globe to bring them into the world of gaming and esports with a dual focus of skilled competition and education.”

Real Cricket 20 has over 100 million downloads and 1.2 million daily active users. The tournament is set to get underway at the beginning of September.

About Sports in Esports Ltd

A London based company dedicated to bringing sports related games to fans around the globe. Our team has vast experience in gaming, online and TV production. Using modern day technology, our goal is to align conventional sports with gaming and invite all demographics to participate in the sports we enjoy.

About Nautilus Mobile

‘Real Cricket™’ from Nautilus Mobile has become one of the most popular brands for cricket lovers. In both the Indian and worldwide markets, we provide our fans with the finest smartphone and mobile cricket simulation. With over seven esteemed brand alliances, Real Cricket team provides players with perfection.

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:
U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

Release – Energy Fuels Issues Reminder Regarding Expiration of Warrants

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Energy Fuels Issues Reminder Regarding Expiration of Warrants

 

LAKEWOOD, Colo., Sept. 2, 2021 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company“) today reminds holders of its outstanding common share purchase warrants (CUSIP: 292671179 / ISIN: CA2926711797) (the “Warrants“) that the Warrants will expire at 5:00 p.m. Toronto time on Monday, September 20, 2021 (“Time of Expiry“). The corresponding Warrant Indenture dated as of September 20, 2016 (the “Indenture“) by and among Energy Fuels, CST Trust Company (the “Canadian Warrant Agent” or “AST“) and American Stock Transfer & Trust Company, LLC (the “U.S. Warrant Agent“) may be viewed on the U.S. Securities and Exchange Commission’s Electronic Document Gathering and Retrieval System (“EDGAR“) at https://www.sec.gov/Archives/edgar/data/1385849/000106299316011518/exhibit4-1.htm, as summarized in a Form 51-102F3 Material Change Report filed September 20, 2016 with the System for Electronic Document Analysis and Retrieval (“SEDAR“), which may be viewed at www.sedar.com.

Any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021 will expire and become void, and the holder will no longer be able to exercise such voided Warrants. As the Warrants are currently “in-the-money,” the Company recommends that Warrant holders take appropriate steps to protect their investment.

All capitalized terms used herein that are not otherwise defined shall have the meanings set forth in the Indenture.

The Warrants trade on the NYSE American (the “NYSE“) under the symbol UUUU-WT and on the Toronto Stock Exchange (the “TSX“) under the symbol EFR.WT. The NYSE notified Energy Fuels that it will suspend trading in the Warrants after the close of trading on September 15, 2021 so that trades can be timely settled by September 20, 2021. The TSX, however, will not suspend trading in the Warrants until market close on September 20, 2021.

As of August 31, 2021, there were 2,107,004 Warrants outstanding. Each whole Warrant represents the right to purchase one (1) common share in the capital stock of Energy Fuels (a “Common Share“) at an exercise price of USD$2.45 per Common Share.

Further information on the Warrants may be requested from, and further questions may be directed to, the Company at investorinfo@energyfuels.com. Answers to commonly asked questions are as follows:  

  • How many Warrants were issued pursuant to the Indenture?
    4,168,750 Warrants as of the date of the Indenture.

  • Where do I send my Warrants in order to exercise them?
    All required documentation must be sent to AST’s Corporate Actions Department per the following instructions:

By Hand, Courier or Registered Mail

By Mail (Except Registered Mail)

1 Toronto Street

P. O. Box 1036

Suite 1200

Adelaide Street Postal Station

Toronto, Ontario

Toronto, Ontario

M5C 2V6

M5C 2K4

Attention: Corporate Actions

Attention: Corporate Actions

 

  • What documentation is required in order to exercise my Warrants?
    1. Original warrant certificate with the Subscription Form on the back filled out completely; and

    2. Payment to the AST Corporate Actions Department. 
               *Certified cheques should be made payable to AST TRUST COMPANY (CANADA).

In addition, if the Warrants are held in the name of a corporate/business entity rather than an individual:

3. A corporate resolution from the entity designating an authorized official to sign on its behalf; and 
         *Must submit an original, dated within the last six (6) months
         *Subscription Form must be signed exactly as authorized in the resolution

4. If the entity has a single director, either a medallion stamp affixed to the Subscription Form or a notary stamp at the bottom of the corporate resolution.

  • May I wire funds to AST to cover the cost of my exercise rather than by way of a certified cheque?
    Yes. Please contact the Company for the relevant wiring instructions.

  • Where may I direct questions about my Warrants or the status of a previously submitted exercise?
    Questions should be directed to AST at 1-800-387-0825 (in North America) or (416) 682-3860 (outside North America) or by sending an e-mail to inquiries@astfinancial.com.

  • How long will it take to receive my Common Shares following an exercise of Warrants?
    As a part of a warrant holder’s exercise process, AST’s Corporate Actions Department sends a requisition to the U.S. Warrant Agent to issue the Common Shares, and simultaneously sends the exercise funds to Energy Fuels as compensation so that the Common Shares are fully paid and non-assessable as of the issuance date. Receipt of such requisition, confirmation of the Company’s receipt of funds, and the resulting Common Share issuance typically takes up to 2-3 weeks in total. However, this timeframe is provided for reference only and in no way represents a commitment or obligation of Energy Fuels, AST or the U.S. Warrant Agent.

  • Can I exercise my Warrants electronically?
    No, there is no way to do so.

  • Can I exercise my Warrants directly through Energy Fuels rather than sending my exercise and payment to AST?
    No, all documentation must go through AST and in accordance with the terms of the Indenture.

  • Is there a process at AST to expedite my exercise?
    No, there is no way to do so. Exercises are processed in the order in which they are received, and a significant number of exercises are currently being processed and are expected to come in prior to the Time of Expiry.

  • Are the Common Shares that result from my exercise of Warrants free-trading?
    Yes.

  • Do the Warrants use an American-style exercise (i.e., can they be exercised at any time at the warrant holder’s option)?
    Yes, up to the Time of Expiry, except as limited by Article 4.9(b) of the Indenture (setting a Beneficial Ownership Limitation of 4.99%).

The above responses are meant to provide general clarification only. It remains the sole obligation of the warrant holder to ensure that all relevant terms in the Indenture are followed in exercising any Warrants held.

As noted, above, any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021, will expire and become void, and the holder will no longer be able to exercise such voided Warrants.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE Carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as RE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com

Release – Sabre Gold and Golden Predator Announce Anticipated Plan of Arrangement Closing Attendance at Precious Metals Summit

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Sabre Gold and Golden Predator Announce Anticipated Plan of Arrangement Closing; Attendance at Precious Metals Summit

 

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Sabre Gold Mines Corp. (formerly Arizona Gold Corp.) (“Sabre Gold” or the “Company”) (TSX: AZG, OTCQB: AGAUF) and Golden Predator Mining Corp. (“Golden Predator”) (TSX.V: GPY, OTCQX: NTGSF) are pleased to announce that all conditions to closing have now been satisfied in respect of the previously announced business combination, pursuant to which Sabre Gold will acquire all of the common shares of Golden Predator by way of a court approved plan of arrangement (the “Arrangement”).

Closing of the Arrangement
As previously announced on August 25, 2021, shareholders of both companies overwhelmingly approved all matters voted on at the special meetings, including shareholders of Golden Predator approving the proposed Arrangement. The British Columbia Supreme Court issued the final order approving the Arrangement on August 31, 2021.

The effective date of the Arrangement is expected to occur on September 2, 2021. In order to accommodate the closing of the Arrangement, trading in Golden Predator common shares (“Golden Shares”) are being halted effective at the market close on September 1, 2021. Golden Predator Shares are expected to be delisted from the TSX Venture Exchange and an application will be made for Golden Predator to cease to be a reporting issuer following closing of the Arrangement.

Pursuant to the Arrangement, all of the Golden Shares issued and outstanding immediately prior to the completion of the Arrangement will be exchanged for common shares of Sabre Gold (“Sabre Shares”) on the basis of 1.65 Sabre Shares per Golden Share (the “Exchange Ratio”). Following completion of the Arrangement, current Sabre Gold shareholders and former Golden Predator shareholders will own approximately 55% and 45% of the combined company common shares, respectively.

Registered Golden Predator shareholders are reminded to complete and return the letter of transmittal received with the meeting materials for the purposes of exchanging their Golden Shares for Sabre Shares, if they have not already done so. Non-registered or beneficial Golden Predator shareholders, being Golden Predator shareholders whose shares are registered in the name of a broker, investment dealer or other intermediary, will either receive their Sabre Shares through CDS or DTC (if arrangements have been made by their intermediary) or in certificated form. On closing of the Arrangement, Golden Predator warrants and options will be deemed to be amended in accordance with the Exchange Ratio and will be exercisable for Sabre Shares.

Name Change and Trading
In connection with the Arrangement, the Company completed its name change to “Sabre Gold Mines Corp.” and is expected to commence trading on the Toronto Stock Exchange under the new name and ticker symbol (TSX:SGLD) on a post-Arrangement basis on or about September 8, 2021. The Company expects to begin trading on the OTCQB under its new name and ticker symbol by the middle of September 2021, until such time the Company will continue to trade under its current OTCQB symbol, AGAUF. A new website for the Company on a post-Arrangement basis will also be launched in early September 2021.

Presentation At Precious Metals Summit
The Company is pleased to announce its participation at the 2021 Precious Metals Summit at the Park Hyatt in Beaver Creek, Colorado, September 8th – September 11th, 2021. For more information, please visit www.precioussummit.com

CEO and Director, Giulio Bonifacio and proposed Non-Executive Chairman, William Sheriff, will attend the event, and Mr. Bonifacio will deliver a corporate presentation on Friday, September 10th at 1:15pm MDT, in Room 2 of the Gerald R. Ford Center. The presentation will be webcast and available for replay at https://wsw.com/webcast/preciousmetals3/gpy.v/

About Sabre Gold Mines Corp.

The combined company represents a business combination of Sabre Gold and Golden Predator a diversified, multi asset near-term gold producer in North America which will hold 100 per cent ownership of both the fully permitted Copperstone mine located in Arizona, United States and the Brewery Creek mine located in Yukon, Canada both of which are former gold producers. Management of the combined company intends to restart production at Copperstone followed by Brewery Creek in the near term.

The resource base of the combined company will consist of approximately 1.1 million ounces gold in the measured and indicated categories, plus an additional 1.5 million oz gold in the inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high priority targets currently identified.

For further information please visit the websites at www.arizona-gold.com and www.goldenpredator.com.

Contact Information

Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
gtbonifacio@arizona-gold.com
 Golden Predator Mining Corp.
William Sheriff
Executive Chair
wms@goldenpredator.com


Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. Such statements include, but are not limited to, statements with respect to the resource base of the combined company, anticipated timing and completion of the Arrangement, timing of listing of the Company’s common shares under its new name and ticker symbols on the TSX and OTCQB, and timing of delisting of the Golden Predator common shares and application to cease its reporting status. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sabre Gold and/or Golden Predator to be materially different from those expressed or implied by such forward-looking statements. Although management of each of Sabre Gold and Golden Predator has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Neither party will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. The parties caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the Sabre Gold common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the Sabre Gold common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Sabre Gold common shares, nor shall there be any offer or sale of the Sabre Gold common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

Entravision Communications (EVC) – Financial Flexibility With Recent Buyout

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Thursday, September 02, 2021

Entravision Communications (EVC)
Financial Flexibility With Recent Buyout

Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. The Company also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Accelerates timetable to buy the rest of Cisneros. The Company acquired the remaining 49% interest in Cisneros Interactive that it did not already own, accelerating the timetable to buy the stake by 2 years. Notably, we estimate that the company paid $29 million for its original 51% ownership interest in Oct. 2020. The purchase solidifies the company as a leading digital media company, with over 70% of its consolidated revenue from its Digital Media businesses.

    Attractive terms.  Entravision will pay the remaining shareholders of Cisneros in 1/3rd increments in each of the next 3 years. The annual payout will be 6 times EBITDA of the prior year end period times 49% divided by 3, an attractive valuation given the strong growth profile of Cisneros. The sellers will receive incremental upside from acquisitions that Cisneros makes. The buyout takes the place …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

FAT Brands Inc. (FAT) – Acquiring Twin Peaks for $300 Million

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Thursday, September 02, 2021

FAT Brands Inc. (FAT)
Acquiring Twin Peaks for $300 Million

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Another Acquisition. Yesterday, FAT Brands announced it had entered into an agreement to purchase Twin Peaks, a chain of sports lodges known for scratch-made food and signature 29° draft beers. Twin Peaks expands FAT Brands market presence into sports and polished casual dining.

    Terms of the Deal.  FAT Brands is paying $300 million for the acquisition including $250 million of cash and $50 million of the Company’s Series B preferred stock. The cash portion will be funded through an expansion of the whole business securitization. The transaction is expected to close by the end of September 2021 …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

The Netflix Model for Pharmaceuticals

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New Gene Therapies May Soon Treat Dozens of Rare Diseases, but Million-Dollar Price Tags Will Put them out of Reach for Many

 

Zolgensma – which treats spinal muscular atrophy, a rare genetic disease that damages nerve cells, leading to muscle decay – is currently the most expensive drug in the world. A one-time treatment of the life-saving drug for a young child costs US$2.1 million.

While Zolgensma’s exorbitant price is an outlier today, by the end of the decade there’ll be dozens of cell and gene therapies, costing hundreds of thousands to millions of dollars for a single dose. The Food and Drug Administration predicts that by 2025 it will be approving 10 to 20 cell and gene therapies every year.

 

This article was republished with permission from  The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of Kevin Doxzen, Hoffmann Postdoctoral Fellow,

 

I’m a biotechnology and policy expert focused on improving access to cell and gene therapies. While these forthcoming treatments have the potential to save many lives and ease much suffering, health care systems around the world aren’t equipped to handle them. Creative new payment systems will be necessary to ensure everyone has equal access to these therapies.

The Rise of Gene Therapies

Currently, only 5% of the roughly 7,000 rare diseases have an FDA-approved drug, leaving thousands of conditions without a cure.

But over the past few years, genetic engineering technology has made impressive strides toward the ultimate goal of curing disease by changing a cell’s genetic instructions. The resulting gene therapies will be able to treat many diseases at the DNA level in a single dose.

Thousands of diseases are the result of DNA errors, which prevent cells from functioning normally. By directly correcting disease-causing mutations or altering a cell’s DNA to give the cell new tools to fight disease, gene therapy offers a powerful new approach to medicine.

There are 1,745 gene therapies in development around the world. A large fraction of this research focuses on rare genetic diseases, which affect 400 million people worldwide.

We may soon see cures for rare diseases like sickle cell disease, muscular dystrophy and progeria, a rare and progressive genetic disorder that causes children to age rapidly.

Further into the future, gene therapies may help treat more common conditions, like heart disease and chronic pain.

 

Sky-High Price Tags

The problem is these therapies will carry enormous price tags.

Gene therapies are the result of years of research and development totaling hundreds of millions to billions of dollars. Sophisticated manufacturing facilities, highly trained personnel and complex biological materials set gene therapies apart from other drugs.

Pharmaceutical companies say recouping costs, especially for drugs with small numbers of potential patients, means higher prices. The toll of high prices on health care systems will not be trivial. Consider a gene therapy cure for sickle cell disease, which is expected to be available in the next few years. The estimated price of this treatment is $1.85 million per patient. As a result, economists predict that it could cost a single state Medicare program almost $30 million per year, even assuming only 7% of the eligible population received the treatment.

And that’s just one drug. Introducing dozens of similar therapies into the market would strain health care systems and create difficult financial decisions for private insurers.

 

Lowering Costs, Finding New Ways to Pay

One solution for improving patient access to gene therapies would be to simply demand drugmakers charge less money, a tactic recently taken in Germany. But this comes with a lot of challenges and may mean that companies simply refuse to offer the treatment in certain places.

I think a more balanced and sustainable approach is two-fold. In the short term, it’ll be important to develop new payment methods that entice insurance companies to cover high-cost therapies and distribute risks across patients, insurance companies and drugmakers. In the long run, improved gene therapy technology will inevitably help lower costs.

For innovative payment models, one tested approach is tying coverage to patient health outcomes. Since these therapies are still experimental and relatively new, there isn’t much data to help insurers make the risky decision of whether to cover them. If an insurance company is paying $1 million for a therapy, it had better work.

In outcomes-based models, insurers will either pay for some of the therapy upfront and the rest only if the patient improves, or cover the entire cost upfront and receive a reimbursement if the patient doesn’t get better. These models help insurers share financial risk with the drug developers.

Another model is known as the “Netflix model” and would act as a subscription-based service. Under this model, a state Medicaid program would pay a pharmaceutical company a flat fee for access to unlimited treatments. This would allow a state to provide the treatment to residents who qualify, helping governments balance their budget books while giving drugmakers money upfront.

This model has worked well for improving access to hepatitis C drugs in Louisiana.

On the cost front, the key to improving access will be investing in new technologies that simplify medical procedures. For example, the costly sickle cell gene therapies currently in clinical trials require a series of expensive steps, including a stem cell transplant.

The Bill & Melinda Gates Foundation, the National Institute of Health and Novartis are partnering to develop an alternative approach that would involve a simple injection of gene therapy molecules. The goal of their collaboration is to help bring an affordable sickle cell treatment to patients in Africa and other low-resource settings.

Improving access to gene therapies requires collaboration and compromise across governments, nonprofits, pharmaceutical companies, and insurers. Taking proactive steps now to develop innovative payment models and invest in new technologies will help ensure that health care systems are ready to deliver on the promise of gene therapies.

 

Suggested Reading:



Genetics Now Touch All Areas of Life Sciences

Small Caps in the Covid 19 Treatment Space





Are Biotech Scientists on the Road to a Cure for Type One Diabetes?

Stem Cells Role in the Anti-Aging Process

 

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