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Release – TAAL Distributed Information Technologies (TAALF) – A Pureplay On Bitcoinsv Proving Protocol Scale And Low-Cost

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TAAL A Pureplay On Bitcoinsv; Proving Protocol Scale And Low-Cost

 

  • On March 13, 2021, Company achieved a world record block of 638MB processed on the BitcoinSV blockchain network

  • Expanded computing power follows previously announced next-generation blockchain infrastructure operations successfully deployed in Alberta, Canada

  • Company to host investor webinar with TAAL management team on April 14 at 12:00PM EST

 
Vancouver, British Columbia; March 30, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today that TAAL is on track to reach its computing power target of securing 400 PH (“petahash”) in computing power by year-end.

This capacity milestone will be achieved despite global pandemic-related supply constraints, validating TAAL’s commitment to being the leading BitcoinSV enterprise blockchain transaction processor, and supporting its long-term vision as a pure-play on the adoption of the BitcoinSV blockchain. In December 2020, the Company announced an overall computing capacity of more than 280 PH. In January 2021, TAAL successfully began its next-generation blockchain infrastructure operations in Alberta, Canada, on schedule.

“Blockchain technology will continue to disrupt industries for the next decade. Developers all over the world are looking for more scale, speed, and lower costs. BitcoinSV delivers all three. I am excited about the many opportunities ahead as we bring BitcoinSV blockchain’s advantages to the enterprise community globally. The record block which the Company has recently processed validates the TAAL market leadership position and further demonstrates our capacity to process a large number of transactions,” comments Stefan Matthews, TAAL CEO and Executive Chairman.
 

TAAL PROCESSES WORLD RECORD BLOCK

 
To cater to the demands of enterprise blockchain adoption, where the business value added by blockchain is projected to surpass $176 billion by 2025 and $3.1 trillion by 2030 (Source: Gartner, Forecast: Blockchain Business Value, Worldwide, 2017-2030), on March 13, 2021, TAAL has processed a world record block of 638MB on the BitcoinSV blockchain network. This achievement outpaces the Bitcoin (“BTC”) network by 638x due to BTC protocol constraints of only 1MB per block, and is a clear demonstration of the superior ability of the BSV network to meet the scalability needs of clients processing transactions through TAAL on the Bitcoin SV blockchain.

Details of the world record breaking block are available on WhatsonChain.com, a Blockchain Explorer service – Block #678301 (https://whatsonchain.com/block-height/678301).
 

EXPLORE THE BSV BLOCKCHAIN USING WHATSONCHAIN

 
Through WhatsOnChain, TAAL’sproprietary BSV blockchain explorer technology, the Company offers authentication services. Companies in the financial and compliance industries or applications (such as digital asset wallets or exchanges) rely heavily on these blockchain explorers and the developer library’s APIs to verify and track transactions on the blockchain. WhatsonChain is the first BSV blockchain explorer that delivers real-time data in an easy and user-friendly manner, for anyone, anytime.
 

UPCOMING WEBINAR: FIRESIDE CHAT WITH TAAL EXECUTIVE TEAM

 

 
Join this webinar to hear TAAL President Chris Naprawa, Chief Commercial Officer Kal Suurkask and Chief Product & Innovation Officer Jerry Chan, discuss the emerging transactional economy, blockchain technology and how consumer and capital markets are adopting enterprise blockchain solutions.
 

ABOUT TAAL DISTRIBUTED INFORMATION TECHNOLOGIES INC.

 
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Visit TAAL online at www.taal.com

The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release.
 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

 
Certain statements included in this news release constitute “forward-looking information” as defined under applicable Canadian securities legislation. The words “will”, “intends”, “expects” and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: TAAL’s computer power target and the achievement of that goal; and the adoption of blockchain technology by enterprise. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in TAAL’s Annual Information Form dated March 1, 2021 under the heading Risk Factors and elsewhere in TAAL’s continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise.
 

FOR FURTHER INFORMATION CONTACT:

 
Matt Whitcomb, Investor Relations, [email protected] 604-260-614
Stefan Matthews, CEO & Executive Chairman, [email protected]
Chris Naprawa, President, [email protected]

Source: TAAL Distributed Information Technologies Inc.

Seanergy Maritime (SHIP) – Another Acquisition Increases Leverage – Upgrading to Outperform

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Wednesday, March 31, 2021

Seanergy Maritime (SHIP)
Another Acquisition Increases Leverage – Upgrading to Outperform

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, with total capacity of approximately 1,748,581 dwt and an average fleet age of about 9.8 years. The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP” and class A warrants under “SHIPW”.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Another acquisition expands the Cape fleet to 15. Four pending acquisitions should close in 2Q2021. Industry sources reported that a 2012-built 181k DWT Cape was acquired for $29 million. The transaction was formally announced yesterday and the pro forma fleet increases to 15. At TCE rates of $20.0k/day and cash opex of $7.7k/day, each Cape could add EBITDA of ~$2.2 million, or a total of $9.0 million, over 2H2021.

    Recent equity offering and new debt should fund the four acquisitions.  The first step in financing the acquisitions is a commitment for a $15.5 million five-year term loan secured by the Goodship and Tradership. The other pending acquisitions (Patriotship/Flagship/Hellaship) could be financed with 50% of debt, or ~$42 million …



This 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. 

Schwazze (SHWZ) – Reports 4Q20 and Full Year Results

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Wednesday, March 31, 2021

Schwazze (SHWZ)
Reports 4Q20 and Full Year Results

Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.

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

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

    4Q Results. For the fourth quarter, Schwazze reported revenue of $7.9 million, an increase of approximately 139% as compared to $3.3 million during the same period in 2019 and a net loss of $8.5 million, or $0.21 per share, compared to a net loss of $3.4 million, or $0.10 per share, for 4Q19. We had forecast revenue of $8.1 million and a net loss of $2.6 million, or $0.06 per share.

    Star Buds Update.  The Company is currently integrating the 13 Star Buds dispensary locations into its data-driven operating system to create operational and financial synergies and expects to complete the process by mid-June. Together with Schwazze and the proforma revenue for 2020 Mesa Organics Ltd, acquired by Schwazze in April 2020, total 2020 proforma revenue is estimated to be approximately …



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. 

Pyxis Tankers Inc. (PXS) – Refinancing Done. Shifting to Growth

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Wednesday, March 31, 2021

Pyxis Tankers Inc. (PXS)
Refinancing Done. Shifting to Growth.

Pyxis Tankers Inc is a United States-based international maritime transportation company which focuses on the product tanker sector. It owns a fleet which comprises of double hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Pyxis Delta, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Refinancing completed with positive impact on interest costs. A term loan of $17 million on the Epsilon from an existing lender and cash of $7.5 million refinanced existing debt. The new loan is priced at Libor plus 335 basis points and quarterly amortization is $0.3 million with a balloon payment of ~$11 million in five years. Borrowing costs should drop by more than 200 basis points and no secured debt matures over the next two years.

    Well-timed equity offering materially improved public market float.  A private equity offering generated net proceeds of $23.1 million last month. Combined with preferred stock conversions, the public market float expanded to more than 50% …



This 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. 

Grindrod Shipping (GRIN) – Asset Sales Enhance Dry Bulk Exposure – Raising Price Target

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Wednesday, March 31, 2021

Grindrod Shipping (GRIN)
Asset Sales Enhance Dry Bulk Exposure – Raising Price Target

Grindrod Shipping, originated in South Africa with roots dating back to 1910. The company is based in Singapore, with offices around the world including, London, Durban, Cape Town, Tokyo and Rotterdam. Its primary listing is on Nasdaq and secondary listing on the JSE.

Grindrod Shipping owns and operates a diversified fleet of owned, long-term chartered and joint-venture dry-bulk and liquid-bulk vessels across the globe.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Added asset sales improve fleet profile and enhance dry bulk market focus. Agreements to sell two MRs and one small tanker for almost $50 million improves the fleet profile and shifts the focus to the dry bulk market. The Leopard Moon and Leopard Sun, two 2013-built MR refined product tankers, will be sold for $42.8 million. In addition, the Breede, a 2009-built small tanker will be sold for $6.8 million. All sales should be completed in 2Q2021. As a result, the fleet will consist of 15 Handysize, 16, Supramax/Ultramax, and one MR tanker that is bareboat charter-out.

    Asset sales reduce financial leverage.  Disciplined capital strategy intact. Proceeds and existing cash will pay off secured debt on the vessels and high cost Sankaty debt of $26 million due in June. The debt maturity profile appears manageable with no added debt maturing in 2021. Capital allocation remains disciplined as evidenced by the decision to shun scrubbers. Buybacks might ramp up once the …



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. 

Endeavour Silver (EXK)(EDR:CA) – Executive Transition Plans Assure Continued Progress and Growth

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Wednesday, March 31, 2021

Endeavour Silver (EXK)(EDR:CA)
Executive Transition Plans Assure Continued Progress and Growth

As of April 24, 2020, Noble Capital Markets research on Endeavour Silver is published under ticker symbols (EXK and EDR:CA). The price target is in USD and based on ticker symbol EXK. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

    Management continuity. Following Endeavour’s annual general meeting on May 12th, Mr. Brad Cooke, CEO, is expected to assume the role of Executive Chair, while Mr. Dan Dickson, CFO, will become CEO. This is the culmination of a management succession plan that has been several years in the making. Mr. Dickson is an excellent choice and he never fails to impress with his grasp of the company’s operations, along with his strategic insight, candor, and commitment to Endeavour Silver and its various stakeholders. Ms. Christine West, VP and Controller, will assume the role of Chief Financial Officer.

    Board-level appointments.  While the membership of the board is not expected to change, Mr. Geoff Handley will relinquish his role as Chair and remain on the company’s board of directors, while Mr. Rex McLennan will become the lead independent director. As a reminder, Endeavour has a seven-member board, of which 6 are independent. We believe having Mr. Cooke serving as Executive Chairman will …



This 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. 

QuickChek – March 30, 2021

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Ocugen Inc. to Participate in a Fireside Chat to Discuss COVAXIN COVID-19 Vaccine Development

Ocugen will present at a virtual Fireside Chat hosted by Cantor Fitzgerald on March 31, 2021 at 10:00am ET – Registration Link

Research, News & Market Data on Ocugen

Watch recent presentation from NobleCon17



Dr. Patrick Gruber and Dr. Paul Bloom to Participate in a Water Tower Research Fireside Chat on Wednesday, April 07, 2021 at 4:00 pm EDT

Topic: A Review of Gevo’s Technology and an Introduction to Dr. Paul Bloom – Registration Link

Research, News & Market Data on Gevo

Watch recent presentation from NobleCon17



Seanergy Maritime Acquires its 15th Capesize Vessel and Receives Bank Commitment Letter

Seanergy Maritime Holdings announced that it has entered into a definitive agreement with an unaffiliated third party to purchase a modern Capesize vessel

Research, News & Market Data on Seanergy Maritime

Watch recent presentation from NobleCon17



CanAlaska Deals Manibridge Nickel Project in Thompson Nickel Belt Manitoba

CanAlaska Uranium announced that it has entered into a Letter of Intent with D Block Discoveries Inc. to allow DBD to earn up to 100% interest in CanAlaska’s 100%-owned 4,368 hectare Manibridge Nickel Project in Manitoba, Canada

News & Market Data on CanAlaska Uranium



Namaste Technologies Reports Year End 2020 Financial Results

Namaste Technologies reported its financial results for the year ended November 30, 2020

News & Market Data on Namaste Technologies

Watch recent presentation from NobleCon17



Endeavour Silver Announces Board and Management Succession Plans

Endeavour Silver announced its forthcoming board and management succession plans

Research, News & Market Data on Endeavour Silver

Watch recent presentation from NobleCon17



Preclinical Data for TUSC2 Immunogene Therapy in NSCLC to Be Featured in Two Presentations at the 2021 AACR Annual Meeting

Genprex announced that preclinical data of its TUSC2 immunogene therapy for the treatment of non-small cell lung cancer (NSCLC), will be featured in two presentations at the upcoming annual meeting of the American Association for Cancer Research

Research, News & Market Data on Genprex

Watch recent presentation from NobleCon17

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FT – Ten Esports Predictions Worth Looking Forward To!

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Ten Esports Predictions Worth Looking Forward To!

 

Globally, esports revenues are predicted to grow to $1,084 million in 2021. In terms percentage terms, that’s expected growth of 14.5% from $947.1 million in 2020.

The global average revenue per esports fan will be $4.63 this year, up +2.8% from $4.40 in 2020. Note that this is down from 2019’s $4.86 per esports enthusiast.  Newzoo.com, by which most of these predictions were made, expects it to reach $5.25 in 2021 after live events are restored.

Media rights and sponsorship is expected to bring in $833.6 million in revenues during 2021. This would represent 75% of total revenue from this industry. 

The global games’ live-streaming audience is expected to hit 728.8 million this year (2021). That is 10% growth from 2020.

The largest growth in live broadcast last year was in the Spanish and Portuguese language market. This places them after English as the most-watched languages on live-streaming platforms. Spanish grew by +369% to reach 1.4 billion hours watched, while Portuguese grew by +189% to 1.1 billion hours.

Globally, the total esports audience should grow to 474.0 million people in 2021. That’s a predicted YOY growth of +8.7%.

China is expected to have the most esports fans in 2021, with 92.8 million. They’ll be followed by the U.S. and Brazil. China should also be the largest market for live-streaming games live, with an audience of 193.0 million in 2021.

China is expected to be the largest esports entertainment market by revenues, with total revenues increasing by 14% to of $360.1 million in 2021. North America follows with predicted total revenues of $243.0 million, and Western Europe, with revenues of $205.8 million.

The League of Legends World Championship was 2020’s biggest tournament based on live viewership hours on Twitch and YouTube, with a total of 91.9 million hours. League of Legends Champions Korea was the most-watched league by live viewership hours on Twitch and YouTube, generating 53.8 million hours.

The global average revenue per esports enthusiast will be $4.63 this year, up +2.8% from $4.40 in 2020. It is important to note this is down from 2019’s $4.86 per esports enthusiast, but we expect it to jump up to $5.25 in 2021 after live events are restored.

Attend Live:

Virtual Road Show Series – Wednesday March 31 @ 1pm EDT

Join Esports Entertainment Group (GMBL) CEO Grant Johnson for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Kupinski, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

Source: 2021 Newzoo 10 Global Esports & Live Streaming Market Report 2021 PRESS COPY Key Takeaways

 

More to Discover on Channelchek:

College Scholarships for Esports Gamers

How to Invest in Esports

 

 

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How Does the Esports Industry Make Money?

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Esports: Show me the Money!

 

The pandemic has had both a positive and negative impact on esports and live-streaming markets. One positive result of lockdowns is they produced a spike in viewership across streaming platforms; more people at home allowed for an acceleration of the fan base as an increasing number of consumers discovered games on Twitch, YouTube, and Huya. These platforms became hubs for social interaction as well as competitive entertainment. The live-streaming market, in esports-related viewership, flourished.

On the negative side, the pandemic caused the cancelation of in-person events, which largely eliminated ticket revenues and produced lower than expected merchandise sales across the board. These factors presented challenges to arena and homestand ventures, slowing or completely stalling investor interest in related companies. The expected return to more in-person events could provide an opportunity to investors in companies involved in ticket sales sponsorship deals.

Stakeholders

There are various businesses and activities that could be included when defining esports.  The sector is still growing and finding its place in collegiate, professional and semi-professional organized tournaments by leagues that bestow prize money or title upon victory. Esports’ overall market size as it relates to investors has the largest revenues and viewership from professional competitive gaming.

With many different interested parties in the business, each plays a unique part in the broad, varied community. The largest stakeholders include broadcast platforms, game publishers, teams, consumers, athletes, sponsors, and advertisers.  From the consumer’s point of view, they tend to be fans of one broadcasting platform over another.

Revenue Generators

Revenue streams within the industry are generated from the sale of sponsorships, media rights, digital, streaming, tickets, merchandising, hosting, and publisher fees. Another revenue stream comes from rights sold to the media, inclusive of revenues generated through media property, including all revenues paid to industry stakeholders to secure the rights to show esports content on a channel. This includes payments from online streaming platforms to organizers broadcasting their content, foreign broadcasters securing rights to show content in their country or copyright costs to show video content or photos of an esports competition — an example could include Torque Esports Corp. (MLLLF). Another that involves itself in racing esports production is Engine Media Holdings (GAME:CA). Merchandise and ticket revenue is revenue generated by the sale of tickets for live esports events and merchandise. Merchandise is sold by esports teams and event organizers and sometimes includes merchandise sold by publishers.
Revenues from exchange style wagering on events in a licensed, regulated and secure platform, an example of a company involved is Esports Entertainment Group (GMBL). Digital revenue is when revenue is generated from digital sales of in-game items that utilize Team IP or signed player likeness. Teams and organizers generate revenues through sponsorship contracts. This could include deals relating to sponsoring an event, or team sponsorship, product placement, and payments by brands for team logos, etc.

 

Virtual Road Show Series – Wednesday March 31 @ 1pm EDT

Join Esports Entertainment Group (GMBL) CEO Grant Johnson for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Kupinski, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

Take-Away

There is both opportunity and a great deal to know about esports as a potential growth investment opportunity. There are different revenue streams for all the various stakeholders and some vertically integrated companies that benefit from many different streams. As a source of information visit the Travel and Leisure industry on Channelchek for information, and if you aren’t registered to receive daily research and articles, your no-cost opportunity is here.

 

More to Discover on Channelchek:


eSports Entertainment Group, NobleCon17 Presentation (Video)

The Future of Cannabis



Will Robinhood be Fined on Charges of Gamification

What’s the Timeline for a Digital Currency?


 

 

Sources:

https://www.jumpstartmag.com/leveling-up-in-the-post-pandemic-esports-market/

https://www.forbes.com/sites/mikeozanian/2018/10/23/the-worlds-most-valuable-esports-companies-1/?sh=659587a96a6e

http://resources.newzoo.com/2018-global-esports-market-report-light

 

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Release – CanAlaska Uranium (CVVUF)(CVV:CA) – Deals Manibridge Nickel Project in Thompson Nickel Belt Manitoba

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CanAlaska Deals Manibridge Nickel Project in Thompson Nickel Belt Manitoba

D Block Discoveries has Staged Option to Earn up to 100% Interest; CanAlaska to be Initial Project Operator

Focus on Advancing High-Grade Sulphide Nickel Discovery

Vancouver, Canada, March 30, 2021 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that it has entered into a Letter of Intent (“LOI”) with D Block Discoveries Inc. (“DBD”), a private company wholly owned by Ore Group Inc., to allow DBD to earn up to 100% interest in CanAlaska’s 100%-owned 4,368 hectare Manibridge Nickel Project in Manitoba, Canada (the “Project”) (Figure 1).

DBD may earn up to a 100% interest in the Project by undertaking work and payments in three defined earn-in stages. DBD may earn an initial 49% interest (“Stage 1”) in the Project by paying the Company $30,000 cash, issue $275,000 worth of common shares and incur $500,000 in exploration expenditures on the Project within 12 months of TSX Venture Exchange approval date. DBD may earn an additional 21% interest (“Stage 2”) in the Project by paying to the Company a further $50,000 cash, issue a further 1,500,000 common shares in DBD, and incur an additional $1,500,000 in exploration expenditures on the Project within 12 months of entering the Stage 2 option. DBD may earn an additional 30% interest (“Stage 3”) in the Project by paying to the Company a further $100,000 cash, issue a further 5,000,000 common shares in DBD, and incur an additional $2,000,000 in exploration expenditures on the Project within 24 months of entering the Stage 3 option.

After successful completion of either of Stage 1 or Stage 2 of the option agreement, and if DBD elects to not enter the final stage, a joint venture will be formed and the parties will either co-contribute on a simple pro-rata basis or dilute on a pre-defined straight-line dilution formula. A summary of the various stages is contained in Table 1.

During Stage 1 and Stage 2 of the option agreement, CanAlaska will be operator of the Project. DBD will have sole voting rights on exploration programs while sole funding at the various option stages and will have the right to assume operatorship after successfully earning 70% interest in the Project (Stage 2).

As part of completing the Stage 1 option, DBD will grant to CVV a 1% Net Smelter Return (NSR) royalty on claims P1271F and P1272F, and a 2% NSR royalty on all other claims.

Table 1: Summary of Option Stages

Option Stage DBD
Interest
Earned
(%)		 Cash
Payment
($)		 DBD Shares
Issued		 Exploration
Expenditure
($)		 Timeline
(months)
On signing 15,000
On CPC merger 15,000 $100,000 eq. On TSX Approval
Stage 1 49 $175,000 eq. 500,000 12
Stage 2 21 50,000 1,500,000 1,500,000 12
Stage 3 30 100,000 5,000,000 2,000,000 24
Totals 100 180,000 6,500,000* 4,000,000 36


*Does not include the $275,000 worth of share issuance

Manibridge Nickel Project

The Manibridge nickel deposit was discovered in 1963 by Falconbridge (as Glencore was then named) following up on coincident magnetic and electromagnetic anomalies that were thought to be caused by an ultramafic body. The second hole of the program intersected the fringes of what would become the Manibridge Mine. Sulphide nickel mineralization is hosted within an elongate, folded ultramafic body that extends for at least 3.2 kilometres with nickel-bearing sulphide mineralization throughout (Figure 1). The Manibridge nickel deposit is located within the core of a major fold axis with up to ten sulphide lenses that conform to the fold pattern and plunge to depths in excess of 380 metres.

A production decision was made in 1969 on an initial mineral inventory of 1,409,000 tons (including 15% dilution) at an average grade of 2.25% nickel and 0.27% copper to a depth of 380 metres. The mine was operational from 1971 to 1977 with concentrate shipped to both Sudbury, Ontario and Thompson, Manitoba. Mining occurred to a depth of 300 metres and the mine infrastructure has since been reclaimed.


Manibridge Project – Location and Geology Map

In 2007, Crowflight Minerals Inc. and Pure Nickel formed a 50-50% joint venture to explore the Manibridge claims. The 2008 exploration program intersected two new zones of nickel mineralization within 400 metres of the Manibridge deposit. Further drilling confirmed the extension of the mineralization below the mine workings. The most significant results from drill holes MN08-01, MN08-02 and MN08-04 respectively include: 16.75 metres (55 feet) @ 1.38% Ni; 5.45 metres (17.9 feet) @ 1.18% Ni; and 6.3 metres (20.7 feet) @ 1.37% Ni.

In 2019 a 800 metre drill program completed by CanAlaska 2.5 kilometres north along the mine trend intersected a broad fold structure that included multiple high-grade nickel assays up to 12.06% nickel,

CanAlaska President, Peter Dasler, comments, “CanAlaska is pleased to be able to work with D-Block’s entrepreneurial group, and management is looking forward to operating the next exploration programs and new discoveries at Manibridge, as well as being exposed to the new company’s other exploration interests.”

About D Block Discoveries

D Block Discoveries Inc. is privately held wholly owned private company controlled by Ore Group Inc. DBD controls the Strange Nickel Project, an 11,000-hectare, drill permitted nickel, copper, PGE exploration property west of Thunder Bay, Ontario. DBD is planning its going public process for listing on the TSX Venture Exchange in the near term. Further information can be found at DBD’s website.

Other News

CanAlaska is currently conducting drilling at its 100% owned Waterbury Uranium project in the Athabasca Basin near the Cigar Lake uranium mine. The Company is also awaiting drill results from its Mouse Mountain copper property in British Columbia, and drilling permits for the Strong nickel project in Manitoba.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 214,000 hectares (530,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr Karl Schimann, P. Geo, CanAlaska director and VP Exploration.

On behalf of the Board of Directors

“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.

Contacts:

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: [email protected]

Cory Belyk, COO
Tel: +1.604.688.3211 x 138
Email: [email protected]

Neither 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.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Release – Seanergy Maritime (SHIP) – Acquires its 15th Capesize Vessel and Receives Bank Commitment Letter

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Seanergy Maritime Acquires its 15th Capesize Vessel and Receives Bank Commitment Letter

 

GLYFADA, Greece, March 30, 2021 (GLOBE NEWSWIRE) — Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a modern Capesize vessel (the “Vessel”). Upon delivery of this acquisition, as well as the previously announced vessel purchases, the size of the Company’s fleet will increase to 15 Capesize vessels with an aggregate cargo capacity of approximately 2.65 million dwt.

The Vessel was built in 2012 at a reputable shipyard in Japan, has a cargo-carrying capacity of approximately 181,300 deadweight tons (“dwt”) and shall be renamed M/V Hellasship. The Vessel is expected to be delivered towards the end of April 2021, subject to the satisfaction of certain customary closing conditions. The ballast water system installation of the Vessel was completed by the current owner and, therefore, no additional costs are envisaged for the Vessel to comply with the relevant regulations. The gross purchase price of $28.6 million is expected to be funded with cash at hand or by a combination of cash at hand and proceeds from new loan facilities.

In addition, the Company received a commitment letter from a European Bank for a $15.5 million loan facility secured by two of its Capesize vessels, the M/V Goodship and the M/V Tradership. The loan will have a tenor of four years from the drawdown date and will bear interest at 4.0% plus LIBOR per annum. The loan remains subject to customary conditions precedent and execution of definitive documentation. Seanergy is also in advanced discussions with leading financial institutions for further financing transactions at competitive terms.

 

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are pleased to announce the agreement to acquire our 15th Capesize vessel, which will grow our fleet by 50% within the last 9 months. The planning of all our recent acquisitions has been well-timed in light of significantly improved market conditions, which attests to our position as a leading pure-play Capesize company.

Given the prompt delivery prospects, the Company is expected to benefit from the rapidly increasing freight rates. The average of the Baltic Capesize Index currently stands at about $19,000 per day, while the Capesize forward freight contracts (“FFA”) for the second quarter and second half of 2021 are trading at above $22,000 per day on average. Based on these FFA rates, the incremental net revenue from the four recently announced acquisitions may exceed $21 million for the remainder of the year, based on their planned delivery schedule.

Moreover, the new debt financing with the competitive underlying cost, will provide additional liquidity supporting our efforts to successfully execute on our strategic goal of sustainable growth and improved shareholder returns.

The improved prospects of the Capesize market are expected to continue for the coming years and based on our expanded fleet and advantageous employment arrangements, we strongly believe that Seanergy is very well-positioned to benefit from this trend.”

 

Company Fleet upon Vessels’ delivery:

Vessel Name

Vessel Class

Capacity (DWT)

Year Built

Yard

Employment

Partnership

Capesize

179,213

2012

Hyundai

T/C Index Linked

Championship

Capesize

179,238

2011

Sungdong

T/C Index Linked

Lordship

Capesize

178,838

2010

Hyundai

T/C Index Linked

Premiership

Capesize

170,024

2010

Sungdong

T/C Index Linked

Squireship

Capesize

170,018

2010

Sungdong

T/C Index Linked

Knightship

Capesize

178,978

2010

Hyundai

T/C Index Linked

Gloriuship

Capesize

171,314

2004

Hyundai

T/C Index Linked

Fellowship

Capesize

179,701

2010

Daewoo

T/C Index Linked

Geniuship

Capesize

170,058

2010

Sungdong

T/C Index Linked

Goodship

Capesize

177,536

2005

Mitsui Engineering

Voyage/Spot

Leadership

Capesize

171,199

2001

Koyo – Imabari

Voyage/Spot

Tradership

Capesize

176,925

2006

Japanese Shipyard

N/A

Flagship

Capesize

176,387

2013

Japanese Shipyard

N/A

Patriotship

Capesize

181,709

2010

Japanese Shipyard

N/A

Hellasship

Capesize

181,325

2012

Japanese Shipyard

N/A

Total / Average age

2,642,463

11.9

 

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the new vessels, the Company’s operating fleet will consist of 15 Capesize vessels with an average age of 11.9 years and aggregate cargo carrying capacity of approximately 2,642,463 dwt.

The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Please visit our company website at: www.seanergymaritime.com

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s ability to continue as a going concern; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: [email protected]

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: [email protected]

Release – Genprex (GNPX) – Preclinical Data for TUSC2 Immunogene Therapy in NSCLC to Be Featured

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Preclinical Data for TUSC2 Immunogene Therapy in Non-Small Cell Lung Cancer to Be Featured in Two Presentations at the 2021 AACR Annual Meeting

 

Two Featured Presentations will Highlight Potential of TUSC2 Immunogene Therapy to Enhance Chemo-Immune Combination Treatments and Overcome Resistance to Osimertinib 

AUSTIN, Texas — (March 30, 2021) — Genprex, Inc. (“Genprex” or the “Company”) (NASDAQ: GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, today announced that preclinical data of its TUSC2 immunogene therapy (REQORSA™) in combination with chemotherapy and immunotherapies, as well as in combination with targeted therapies to overcome resistance to osimertinib, for the treatment of non-small cell lung cancer (NSCLC), will be featured in two presentations at the upcoming annual meeting of the American Association for Cancer Research (AACR 21) taking place virtually from April 9-14, 2021.  

“We look forward to the presentation of these data that highlight the potential of TUSC2 immunogene therapy to enhance chemo-immune combination treatments and overcome resistance to osimertinib in lung cancer, to an audience of the world’s leading cancer researchers,” said Rodney Varner, President and Chief Executive Officer of Genprex. “As lung cancer is the leading cause of cancer deaths worldwide, we remain keenly focused on initiating our Acclaim-1 and Acclaim-2 clinical trials to evaluate REQORSA, our proprietary TUSC2 immunogene therapy, in non-small cell lung cancer.”  

Acclaim-1 is a Phase 1/2 combination clinical trial using REQORSA combined with AstraZeneca’s Tagrisso® (osimertinib) in patients with late-stage NSCLC whose disease progressed after treatment with Tagrisso. Acclaim-2 is a Phase 1/2 combination clinical trial using REQORSA combined with Merck & Co’s Keytruda® (pembrolizumab) in NSCLC patients who are low expressors of PD-L1.    

Featured Genprex-supported abstracts to be presented at AACR 21 include: 

Oral Presentation

Session: MS.IM02.02 – Overcoming Resistance in the Tumor Microenvironment: Novel Immunomodulatory Agents

Title: “TUSC2 immunogene therapy enhances efficacy of chemo-immune combination therapy and induces robus antitumor immunity in KRAS-LKB1 mutant NSCLC in humanized mice”

Poster Number/Channel: #76/Channel 03

Presentation Date/Time: April 10, 2021 from 2:50-3:00 p.m. ET

Presenters: Ismail M. Meraz, Mourad Majidi, RuPing Shao, Feng Meng, Min Jin Ha, Elizabeth Shpall, Jack A. Roth. University of Texas MD Anderson Cancer Center, Houston, TX

Poster Presentation

Session: PO.ET03.01 – Drug Resistance in Molecular Targeted Therapies

Title: “Overcoming resistance to osimertinib by TUSC2 gene therapy in EGFR mutant NSCLC”

Poster Number: #1105

Presentation Date/Time: April 10, 2021 from 8:30 a.m. – 11:59 p.m. ET

Presenters: Ismail M. Meraz, Mourad Majidi, RuPing Shao, Lihui Gao, Meng Feng, Huiqin Chen, Min Jin Ha, Jack A. Roth. University of Texas MD Anderson Cancer Center, Houston, TX

About Genprex, Inc.

Genprex, Inc. is a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes. Genprex’s technologies are designed to administer disease-fighting genes to provide new therapies for large patient populations with cancer and diabetes who currently have limited treatment options. Genprex works with world-class institutions and collaborators to develop drug candidates to further its pipeline of gene therapies in order to provide novel treatment approaches. The Company’s lead product candidate, REQORSA™ (quaratusugene ozeplasmid), is being evaluated as a treatment for non-small cell lung cancer (NSCLC). REQORSA has a multimodal mechanism of action that has been shown to interrupt cell signaling pathways that cause replication and proliferation of cancer cells; re-establish pathways for apoptosis, or programmed cell death, in cancer cells; and modulate the immune response against cancer cells. REQORSA has also been shown to block mechanisms that create drug resistance. In January 2020, the U.S. Food and Drug Administration granted Fast Track Designation for REQORSA for NSCLC in combination therapy with osimertinib (AstraZeneca’s Tagrisso®) for patients with EFGR mutations whose tumors progressed after treatment with osimertinib alone. 

For more information, please visit the Company’s web site at www.genprex.com or follow Genprex on Twitter, Facebook and LinkedIn.

Forward-Looking Statements 

Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding the effect of Genprex’s product candidates, alone and in combination with other therapies, on cancer and diabetes, regarding potential, current and planned clinical trials, regarding the Company’s future growth and financial status and regarding our commercial partnerships and intellectual property licenses. Risks that contribute to the uncertain nature of the forward-looking statements include the presence and level of the effect of our product candidates, alone and in combination with other therapies, on cancer; the timing and success of our clinical trials and planned clinical trials of REQORSA™ immunogene therapy drug, alone and in combination with targeted therapies and/or immunotherapies, and whether our other potential product candidates, including GPX-002, our gene therapy in diabetes, advance into clinical trials; the success of our strategic partnerships, including those relating to manufacturing of our product candidates; the timing and success at all of obtaining FDA approval of REQORSA and our other potential product candidates including whether we receive or benefit from fast track or similar regulatory designations; costs associated with developing our product candidates, whether we identify and succeed in acquiring other technologies and whether patents will ever be issued under patent applications that are the subject of our license agreements or otherwise. These and other risks and uncertainties are described more fully under the caption “Risk Factors” and elsewhere in our filings and reports with the United States Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Genprex, Inc.
(877) 774-GNPX (4679)

Investor Relations
GNPX Investor Relations
(877) 774-GNPX (4679) ext. #2
[email protected]

Media Contact
Genprex Media Relations
(877) 774-GNPX (4679) ext. #3
[email protected]

Release – Endeavor Silver (EXK) – Announces Board and Management Succession Plans

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Endeavour Silver Announces Board and Management Succession Plans

 

VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Endeavour
Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) announces its forthcoming board and management succession plans.

In anticipation of the re-election of the current directors as proposed in the Management Information Circular for the Annual General Meeting (“AGM”) of Shareholders to be held on May 12, 2021, Geoff Handley, Chair of Endeavour, plans to step down as the Chair of the Board of Directors but will remain active as a Director. Rex McLennan will become the Lead Independent Director at that time.

Bradford Cooke, Chief Executive Officer and Director, has been invited by the Board to assume the role of Executive Chair of Endeavour, and plans to step down as the CEO immediately following the AGM. Dan Dickson, Chief Financial Officer, has been nominated to assume the role of CEO of Endeavour, and Christine West, Vice President Controller, has been nominated to assume the role of CFO of Endeavour.

Bradford Cooke commented, “I am pleased to announce this seamless board and management transition without having to reach outside of the organization. It speaks to the depth of our management team, and the skills and dedication they bring to the Company. I look forward to supporting Dan and Christine in their new roles, and we appreciate the vote of confidence of our Board of Directors.”

“I plan to stay active with Endeavour, utilizing my knowledge of and contacts in the mining industry to continue building a bigger and better Company. However, given that Endeavour is now preparing for its next phase of growth, starting with the construction of the Terronera project this year, now is an appropriate time to pass the baton to our rising stars in management.”

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information
Galina Meleger, Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: [email protected]
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This
news release contains “forward-looking statements” within the meaning of the
United States private securities litigation reform act of 1995 and
“forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding Endeavour’s anticipated
performance in 2021 including changes in mining operations and production
levels, the timing and results of various activities and the impact of the
COVID 19 pandemic on operations. The Company does not intend to and does not
assume any obligation to update such forward-looking statements or information,
other than as required by applicable law. 

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, production
levels, performance or achievements of Endeavour and its operations to be
materially different from those expressed or implied by such statements. Such
factors include but are not limited to the ultimate impact of the COVID 19
pandemic on operations and results, changes in production and costs guidance,
national and local governments, legislation, taxation, controls, regulations
and political or economic developments in Canada and Mexico; financial risks
due to precious metals prices, operating or technical difficulties in mineral
exploration, development and mining activities; risks and hazards of mineral
exploration, development and mining; the speculative nature of mineral
exploration and development, risks in obtaining necessary licenses and permits,
and challenges to the Company’s title to properties; as well as those factors
described in the section “risk factors” contained in the Company’s most recent
form 40F/Annual Information Form filed with the S.E.C. and Canadian securities
regulatory authorities.

Forward-looking statements
are based on assumptions management believes to be reasonable, including but
not limited to: the continued operation of the Company’s mining operations, no
material adverse change in the market price of commodities, mining operations
will operate and the mining products will be completed in accordance with
management’s expectations and achieve their stated production outcomes, and
such other assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or
information, there may be other factors that cause results to be materially
different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements or information
will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on forward-looking
statements or information.