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Release – Eskay Mining Discovers Multiple New VMS Systems across its Consolidated Eskay VMS Project, Golden Triangle British Columbia

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Eskay Mining Discovers Multiple New VMS Systems across its Consolidated Eskay VMS Project, Golden Triangle British Columbia

News and Market Data on Eskay Mining

TORONTO, ON / ACCESSWIRE / July 7, 2022 / Eskay Mining Corp. (“Eskay” or the “Company”) (TSXV:ESK)(OTCQX:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) is pleased to announce discovery of multiple new volcanogenic massive sulfide (“VMS”) deposits across its 100% controlled Consolidated Eskay project, British Columbia. To date, the Company has completed 5,370 m of diamond core drilling in 13 holes, approximately 18% of the 30,000 m planned meters to be drilled in 2022. Drill production is currently on target to reach this aggressive goal.

“By pushing for an early start to the 2022 Exploration Program we have been able to meet one of our major objectives, showing that the TV-Jeff VMS system extends well to the north of Jeff. Our targeting criteria built over the past two years continues to yield mineralized intercepts,” commented Dr. John DeDecker, Eskay Mining’s VP of Exploration. “Not only does the TV-Jeff VMS system appear to encompass a minimum 5 km-trend of VMS mineralization, we have also confirmed that Scarlet Ridge is host to a separate VMS system of similar size. We look forward to testing the full strike length of both of these VMS systems with aggressive drilling and Anaconda-style mapping programs in 2022. It amazes me that every day in the field we are delineating extensive VMS systems outcropping at surface. This leaves me wondering what other deposits have gone unrecognized across the property. Our expert team has done a great job making new discoveries over the past few weeks, and we are excited by the potential of them making yet more discoveries across our large property over the next several months.”

“The 2022 exploration campaign at the Consolidated Eskay project is by far the most aggressive program ever conducted on the property,” commented Dr. Quinton Hennigh, director and technical advisor to Eskay Mining. Our team is doing a remarkable job making new discoveries, a step needed to grow this remarkable story. We suspected the TV-Jeff VMS system was much larger, and now we have proof from recent drilling at Jeff North. In just one month, our field crews have more fully assessed the potential at Scarlet Ridge, and now have strong evidence the system here is of equal magnitude to that at TV-Jeff. Mineralization appears to be hosted by the same rocks found at Eskay Creek 7 km to the west. Excelsior South also displays similar stratigraphy and mineralization to the Eskay Creek deposit. We are delighted with progress made to date, but we have four more months in this season during which we expect more discoveries to be made.”

Summary of Discoveries Made at Jeff North

  • Drilling and geological mapping confirms that the greater TV-Jeff VMS system extends 1.5 km north of Jeff (Figures 1 and 2). A significant zone of intensely silicified peperitic basalt, dacite, and andesite hosts stockwork and semi-massive sulfide mineralization at Jeff North. This zone is evident at the surface as a topographic ridge, and in drill core, it is characterized by hydrothermal breccia with abundant silica alteration and sulfide mineralization (Figures 3-5).
  • Sulfide mineralization is hosted by peperitic basalt, dacite, and andesite occurring in mineralized horizons that correspond to those at Jeff 1.5 km to the south (Figure 2) indicating that VMS hydrothermal systems were active over a 5 km-strike length from TV to Jeff North, and likely beyond.
  • Investigations of drill core with handheld XRF units indicate presence of strong pathfinder element associations (Ag, As, Sb, and Hg) in some areas displaying sulfide mineralization.
  • Systematic soil sampling northwards of Jeff North has been completed, and includes a large SkyTEM anomaly of similar size and shape to those corresponding with VMS at TV, Jeff, and Jeff North discovered during the 2021 program. The results of the soil sampling program will indicate how much further north the TV-Jeff VMS system extends. So far, each large conductive SkyTEM anomaly investigated corresponds with VMS mineralization observed at surface. There are several more SkyTEM anomalies left to investigate this season, and these are the highest priority of Eskay’s 2022 drill program.
  • Geological Mapping conducted in 2022, led by Drs. Ben M. Frieman and Jesse Hill, has yielded the first lithological map consistent with drill core observations. This work has shown the importance of integrating drilling and mapping data sets and has yielded a new understanding of the distribution of the lower Hazelton Group volcanic rocks in the Eskay anticline region. For example, in addition to the volcanic-hydrothermal systems identified at TV, Jeff, and Jeff North, new observations suggest that mineralized volcanic rocks may occur across-strike to the west as well as within structurally juxtaposed, but correlative, rocks to the east of this area, a wholly new location identified as prospective.

Scarlet Ridge

  • Two extensive VMS feeder zones have been discovered at Scarlet Ridge, the Southern and Northern Feeder Zones. These feeder zones are marked by intense hydrothermal alteration, ubiquitous stockwork and replacement-style sulfide mineralization, and intensely gossanous red, orange, and yellow surficial staining of the peperitic dacite and rhyolite host rocks. The Southern Feeder Zone has been the focus of early season investigations and will be further tested by drilling in 2022 (Figures 6-8).
  • Scarlet Ridge is located 7 km east of the Eskay Creek deposit and occurs in a similar geologic setting to this exceptional high-grade VMS deposit.
  • Field investigations of stockwork sulfides from the Southern Feeder Zone using handheld XRF units indicate presence of strong pathfinder element (Ag, As, Sb, and Hg) anomalism. These pathfinder results are consistent with rock chip samples collected in the area during the early 1990’s and the 2021 program (see Eskay’s March 21, 2022 news release for more information), in which samples also yielded strongly anomalous Au assays ranging from 0.14-2.49 g/t.
  • Scarlet Ridge displays all the hallmarks of a large VMS system, with multiple feeder zones connected with at least three horizons exhibiting subseafloor replacement style mineralization, each of which extends along strike for hundreds of meters (Figures 6-8). It is especially encouraging that these horizons are correlative with the same units that host the Eskay Creek deposit (Figure 9) Pathfinder element associations suggest the potential for precious metal endowment.
  • Preparations are underway to begin drilling the feeder zones at Scarlet Ridge starting in mid-July (Figure 10).

Excelsior South

  • Preliminary field visits followed up on strong Au BLEG results from 2020 and strong pathfinder element anomalies evident in soil transects from 2021.
  • Peperitic rhyolite was discovered at Excelsior South, in rocks previously mapped as the Bowser Lake Group. Investigations with a handheld XRF confirm that this rhyolite is indeed of the same composition as the Eskay rhyolite, host to the world-class Eskay Creek VMS deposit.
  • A 100 m grid soil sampling program has just been completed at Excelsior South. Analyses from these soil samples are expected back in a few weeks. Subject to promising results, a limited exploratory drill program will be conducted at Excelsior South in 2022.

To date, Eskay Mining has completed 5,370 m of diamond core drilling in 13 holes, approximately 18% of planned meters to be drilled in 2022. Thus far, drilling has occurred around the area called Jeff North. The Company will soon be drilling at Scarlet Ridge as well as testing other targets along the greater TV-Jeff corridor. At present, drill production is on track to reach Eskay’s aggressive goal of 30,000 m.

Dr. Quinton Hennigh, P. Geo., a Director of the Company and its technical adviser, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the “Golden Triangle,” 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).

All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam

T: 416 907 4020

President & Chief Executive Officer

E: Mac@eskaymining.com

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.

Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words “may”, “would”, “could”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions
are intended to identify forward-looking statements. Such statements reflect
our current views with respect to future events and are subject to risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such as actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should
assumptions underlying the forward looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law.
Shareholders are cautioned not to put undue reliance on such forward-looking
statements.

(Figure 1. Drill holes at Jeff North completed as of date of this release. Silver assays from soil samples from 2021, and the SkyTEM conductivity map from 2020 are shown, and have proven to be reliable vectors towards VMS mineralization during the 2022 program thus far.

(Figure 2. Preliminary geologic map of Jeff and Jeff North based on 2022 field work by the mapping team, and drilling from 2020-2022. Drilling at Jeff North has been focused on a 1 km trend of intensely silicified peperitic basalt identified during mapping, and has confirmed the presence of extensive VMS mineralization associated with the silicified basalt.)

(Figure 3. Semi-massive replacement-style sulfide mineralization hosted by an intensely silicified vesicular basalt. The intensity of replacement-style mineralization and hydrothermal alteration is consistent with a location proximal to a VMS feeder structure. Handheld XRF analyses show consistently high pathfinder elements (As, Sb, and Hg) within sulfide mineralization in this drill hole.)

(Figure 4. Polymetallic sulfide mineralization hosted by intensely silicified mudstone. Sulfide minerals present include pyrite, pyrrhotite, sphalerite, and galena, with XRF-indicated Ag-bearing tetrahedrite. Tetrahedrite is commonly associated with microscopic electrum in drill core from the 2020 and 2021 drill programs.)

(Figure 5. Semi-massive replacement-style sulfide mineralization hosted by intensely silicified and clay altered peperitic basalt. The intensity of replacement-style mineralization and hydrothermal alteration is consistent with a location proximal to a VMS feeder structure.)

(Figure 6. Intensely gossanous peperitic dacite defining the Southern Feeder Zone at Scarlet Ridge. This gossan extends approximately 600 m along strike, and cuts at least 800 m of stratigraphy. Multiple traverses across stratigraphy have confirmed that stockwork and replacement-style sulfide mineralization, and intense hydrothermal alteration are ubiquitous throughout rocks that are gossanous. Stratigraphy is steeply dipping to the east here, suggesting that these mineralized horizons could extend to considerable depth. A fence of several 800 m deep drill holes will test the heart of this intensely mineralized feeder zone. The Southern Feeder Zone is approximately 1 km south of the Northern Feeder Zone visited in 2021 (visible in the lower left image as the gossanous bluffs just left of the mountains). The two feeder zones and their along strike extensions occur within peperitic dacite and Eskay rhyolite, suggesting that these hydrothermal systems are part of one larger system that was active at the same time as the VMS system that formed Eskay Creek, just 7 km due west.)

(Figure 7. Close-up views of stockwork and replacement-style sulfide mineralization from the Southern Feeder Zone at Scarlet Ridge. This sort of sulfide mineralization is ubiquitous throughout the entire outcrop area of the Southern Feeder Zone.)

(Figure 8. Gossanous and sulfide-bearing horizons define permeable Eskay rhyolite debris flow breccia that extend several hundred meters along strike from the Southern Feeder Zone. These rocks represent horizons that underwent sub-seafloor sulfide replacement as hydrothermal fluids from the feeder zone interacted with debris piles in the near-seafloor environment. Subseafloor replacement is responsible for the largest VMS deposits on Earth. Gossanous rocks of the Northern Feeder Zone are visible to the upper left in the image at top.)

(Figure 9. Schematic geological cross-section of the Southern Feeder Zone at Scarlet Ridge, based on multiple field visits during the 2021 and 2022 seasons. This area will be the primary focus of the 2022 geological mapping program, and will be included in a 5,000 m drill program for targets at Scarlet Ridge and Tarn Lake. The feeder zone intersects several favorable horizons for lateral hydrothermal fluid flow and consequent sub-seafloor replacement-style mineralization. Of particular note, both the Southern and Northern Feeder Zones are hosted within rocks correlative to those at Eskay Creek just 7 km due west of Scarlet Ridge.

(Figure 10. An oblique view of the southern VMS feeder zone at Scarlet Ridge showing surface topography, SkyTEM conductivity data, Au assays from rock chip samples, and a conceptual drill plan. Drilling will focus on the core of the VMS feeder zone, as well as along strike extensions within horizons showing subseafloor sulfide replacement.)

SOURCE: Eskay Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/707798/Eskay-Mining-Discovers-Multiple-New-VMS-Systems-across-its-Consolidated-Eskay-VMS-Project-Golden-Triangle-British-Columbia

 


The GameStop Stock Split Dividend is More Genius than it Appears

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Image Credit: Ryan (Flickr - modifications made)


The GameStock Stock Split May Serve to Chase out Institutional Short-Sellers

GameStop announced a three-share dividend for each share held. This is somewhat different than a four-for-one stock split from a tax standpoint and for those that are short GameStop. The move has an immediate impact on those that own the stock (largely individual investors), and on the many that are still short the stock (largely institutional investors). The announced split, or the split dividend, where holders would receive three additional shares of (GME) after the market close on July 21, has caused some confusion among the retail holders of the stock – and is likely causing some pain among those that are short GameStop. Shares are up near 8% today (July 7) on the news. 


Source: Gamestop.com


What to Know

GameStop shareholders voted in June in favor of allowing expanded share authorization to one billion outstanding shares from 300 million. This authorization allows for the announced split. During the spring, management asked for authorization saying the split would “provide flexibility for future corporate needs.”

The foreshadowing of this split should have made the high percentage of short-interest in GME retreat some. Recent Morningstar data shows that 21% of GameStop’s entire stock float was being shorted. A short interest percentage above 15% is generally considered to be elevated. Short-sellers are responsible for compensating the lending broker for all dividends. This is generally simple with cash dividends but could be messy when the dividend is stock shares.

The additional shares will be distributed on July 21, and Gamestop stock will begin trading on a split-adjusted basis on Friday, July 22.

The dividend will have the effect of reducing the cost of each share after the split,  this will make it easier for smaller investors to purchase shares of the company. The heightened access to shares could positively impact the market value of all shares outstanding post dividend-split.

 

Management Difference

Ryan Cohen became the chairman of GameStop’s board a year ago. The company has been modernizing by adding executives and employees with backgrounds in technology, e-commerce, and blockchain. It’s a classic fight for survival for the company that began its lifecycle as cutting edge and later found itself stodgy and old. Newer products are being added to the company’s line-up designed to put them back as a solid competitor in today’s gaming retail world.

Following the appointment of Cohen, the company invested in fulfillment and customer care, as well as expanding its offerings to include TVs, computer supplies, and even a marketplace for NFTs.

Management’s decision to provide a split in the form of a dividend raises additional challenges for short sellers of GME. The value of stocks tend to rise after a split welcomes smaller buyers that may have been locked out. This could serve to cause a squeeze on short players already forced by rising margin interest rates. As a dividend, rather than a split, there is an obligation for short sellers to make those they borrowed the stock from whole. This could cause many short positions to be closed out before the record date of the dividend.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split

https://www.thestreet.com/memestocks/gme/why-gamestop-stock-is-on-a-verge-of-a-short-squeeze#:~:text=Short%20interest%3A%20The%20latest%20data,stock%20float%20was%20being%20shorted.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm

https://www.thestreet.com/memestocks/gme/gamestop-stock-is-there-still-short-squeeze-potential


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Release – Labrador Gold Announces 284.1 g-t Au Over 0.58m From Big Vein Southwest the Highest Grade Intersected at Kingsway to Date

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Labrador Gold Announces 284.1 g-t Au Over 0.58m From Big Vein Southwest the Highest Grade Intersected at Kingsway to Date

News and Market Data on Labrador Gold Corp

  • Hole K-22-174 intersected 284.1 g/t Au over 0.58 metres from 309.47 metres and 15.05 g/t Au over 1.11 metres from 310.71.
  • The hole is the furthest hole drilled to the southwest at Big Vein and represents a 120 metre step out from previously reported mineralization at Big Vein.
  • Mineralization at Big Vein remains open along strike to the southwest and northeast.
  • Drilling also intersected high-grade mineralization at Golden Glove grading 20.07 g/t Au over 1 metre from 355m downhole and a longer 13.2 metre near surface interval at Midway grading 2.2 g/t Au that included 5.23 g/t Au over 4 metres.

TORONTO, July 07, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce a new high grade intercept from the drilling at the southwest end of the Big Vein Zone as well as updates on drilling at Golden Glove and Midway at its 100% owned Kingsway Project. These holes were drilled as part of the Company’s ongoing 100,000 metre diamond drilling program targeting the prospective Appleton Fault Zone over a 12km strike length.

Big Vein

Hole K-22-174 is the furthest hole to be drilled to the southwest at Big Vein and intersected 284.1g/t Au over 0.58m from 309.7m downhole and represents the highest grade yet intersected on the Kingsway project. The hole also intersected 15.05 g/t over 1.11m from 310.71m just below the high-grade intercept. The hole was collared 120m to the southwest of Hole K-22-122 that intersected 54.17 g/t over 0.95m (see news release dated May 5, 2022) and the mineralization remains open to the southwest.

Golden Glove

Hole K-22-154 intersected 20.07 g/t Au over 1m from 335m downhole. This hole was drilled to test for a down plunge extension of mineralization in hole K-22-150 that intersected 6.22 g/t Au over 4m from 348m including 10.31 g/t Au over 2m (see news release dated July 5, 2022).

Midway

Hole K-22-153 intersected gabbro hosted gold mineralization grading 2.2 g/t Au over 13.2m from 45m downhole (38m vertical) that included 5.23 g/t Au over 4m.

“It is exciting to find the highest-grade mineralization drilled at Kingsway, more than a year after drilling began, in the furthest hole drilled to the southwest at Big Vein. This suggests excellent potential for further high-grade mineralization as we continue drilling to the southwest and attests to the prospectivity of the Appleton Fault Zone in this area,” said Roger Moss, President and CEO. “High-grade mineralization intersected at Golden Glove down plunge from that found in the first hole is also encouraging, especially given that these holes are approximately 160m south of the discovery outcrop. We will continue to test the extent of this mineralization both down plunge and along strike. Drilling at Midway continues to demonstrate near surface gold mineralization in gabbro which is significant given the extent of gabbro at Kingsway. We expect to continue to successfully expand these three targets as well as to begin drilling new targets, such as our current drilling at CSAMT, in the months ahead.”

Hole ID

From

To

width

Au (g/t)

Zone

K-22-174

309.47

310.05

0.58

284.1

Big Vein SW

310.71

311.82

1.11

15.05

K-22-167

16

18

2

1.05

Big Vein

K-22-163

17

18

1

1.06

Big Vein

50

52

2

2.06

99

101

2

1.47

301

304

3

1.39

HTC

K-22-162

84

93

9

1.1

Pristine

108

109

1

2.33

K-22-161

67

68

1

1.62

Midway

K-22-159

275

276

1

1.02

Golden Glove

K-22-156

117

121

4

1.53

Pristine

K-22-155

156

157

1

1.13

Big Vein

163

164

1

1.54

K-22-154

242

245

3

1.95

Golden Glove

293

294

1

2.13

298

299

1

1.16

335

336

1

20.07

K-22-153

45

58

13

2.2

Midway

including

45

49

4

5.23

including

45

47

2

7.36

K-22-149

13

14

1

1.27

Pristine

K-22-146

57

57.95

0.95

1.12

Pristine

Table 1. Summary of assay results. All intersections are downhole length
as there is insufficient Information to calculate true width.

Hole ID

Northing

Easting

Elevation

Azimuth

Dip

depth

K-22-174

5434927

661344.3

42

140

45

464

K-22-167

5435283

661600

42.5

130

55

296

K-22-163

5435285

661600

42.5

130

45

317

K-22-162

5436054

661817.3

61.64

300

55

251

K-22-161

5437837

661376.9

83.96

275

55

254

K-22-159

5431876

660625.7

44.37

245

45

401

K-22-156

5436055

661817

62.17

310

45

182

K-22-155

5435222

661463.7

60.72

128

62

317

K-22-154

5431776

660538.8

48.414

265

53

389

K-22-153

5437838

661376.7

83.96

300

58

146.56

K-22-149

5436021

661804.2

61.971

260

45

227

K-22-146

5436032

661802.9

63.611

260

62

176

Table 2. Drill hole collar details

A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16a60559-1d01-4833-aba3-a9f0fa18aad5

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1 g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $26.5 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8 g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25 
th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 168,889,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: 
www.labradorgold.com

Twitter @LabGoldCorp

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

Forward-Looking
Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

 


Release – BioSig Announces Purchase Agreement with Kansas City Heart Rhythm Institute at Overland Park Regional Medical Center

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BioSig Announces Purchase Agreement with Kansas City Heart Rhythm Institute at Overland Park Regional Medical Center

News and Market Data on BioSig Technologies

Westport, CT, July 07, 2022 (GLOBE NEWSWIRE) —

  • OPRMC marks our first leasing
    agreement under new program
  • Company also inks national
    master agreement with one of the largest U.S. healthcare systems

BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), a medical technology company advancing electrophysiology workflow by delivering greater intracardiac signal fidelity through its proprietary signal processing platform, today announced that Kansas City Heart Institute at Overland Park Regional Medical Center in Kansas City, U.S. has signed a purchase agreement to acquire its PURE EP(T.M.) System. 

Following its evaluation of BioSig’s PURE EP(T.M.) System, Overland Park Regional Medical Center (OPRMC) has signed an agreement to purchase the technology under the terms of the Company’s new program. The agreement represents BioSig’s first commercial adoption since it announced the national launch of its PURE EP ™ System, supported by The Company’s new commercial structure and clinical support teams. The agreement also represents The Company’s first national purchasing agreement.

“Establishing a contract with a leading national hospital network is a milestone achievement for BioSig Technologies,” commented Gray Fleming, Chief Commercialization Officer, BioSig Technologies, Inc. “A leasing option provides a cost-effective and efficient pathway for hospitals to acquire our technology. As a Company that prioritizes physician experience and throughput, we believe a leasing program supports the clinical evolution of PURE EP as we continue upgrading and enhancing our technology based on physician feedback.” 

“We are pleased to announce our first purchase agreement since we transformed the commercial capabilities under new management,” said Kenneth L. Londoner, Chairman and CEO of BioSig Technologies, Inc. “The Company is excited about our clinical collaboration with Dr. Lakkireddy and the physician faculty at Overland Park. As physician advocates, we are proud of our commitment to and alignment with the world-class arrhythmia program at Kansas City Heart Rhythm Institute and thank them for their continued support of our technology.”

“This technology will be an instrumental part of Kansas City Heart Rhythm Institute’s continued quest to provide superior world class care for patients,” says Executive Medical Director for the Kansas City Heart Rhythm Institute and Professor of Medicine at the University of Missouri Columbia and University of Nevada Las Vegas and Chief of Electrophysiology at Overland Park Medical Center, Dhanunjaya DJ Lakkireddy, MD. “This technology could potentially enhance our ability to improve efficacy and safety of heart rhythm procedures and thereby positively impact workflow and subsequently, patient outcomes.”

 

About Kansas City Heart
Rhythm Institute

The Kansas City Heart Rhythm Institute at the HCA Midwest Health Heart and Vascular Institute brings the highest quality clinical care, research and arrhythmia education to Kansas City. There are eight practicing Electrophysiologist. Locations include three Electrophysiology Practice sites in the Greater Kansas City Area as well as one outreach site location and Electrophysiology services in four hospitals.

 

About Overland Park
Regional Medical Center

Overland Park Regional Medical Center is a licensed 343-bed facility offering acute medical care services to our patients. The hospital campus features four medical office buildings, two pharmacies, and the offices of more than 100 physicians. Cardiovascular programs at OPRMC have received certification from The American Association of Cardiovascular and Pulmonary Rehabilitation (AACVPR). OPRMC’s clinicians and physicians experts excel in a wide range of interventional cardiology practices and complex electrophysiology procedures, including Complex Arrhythmia Management (Afib, VTACH, PVC, SVT), Convergent AFib Ablation (with C.T. surgeon and E.P.), Leadless Pacemakers & Internal Cardiac Defibrillators, and Left Atrial Appendage Closure.

 

About BioSig
Technologies

BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com).

The Company’s first product, PURE EP(T.M.) System, is a novel signal processing and acquisition platform designed to extract advanced diagnostic and therapeutic data that enhances physician workflow and increases throughput. PURE EP(T.M.) was engineered to address the limitations of existing E.P. technologies by empowering physicians with superior signals and actionable insights.

To date, over 75 physicians have completed over 2500 patient cases with the PURE EP(T.M.) System. The Company is in a national commercial launch of the PURE EP(T.M.) System. The technology is in regular use in some of the country’s leading centers of excellence, including Mayo Clinic, and Texas Cardiac Arrhythmia Institute at St. David’s Medical Center.

Clinical data acquired by the PURE EP(T.M.) System in a multi-center study at centers of excellence including Texas Cardiac Arrhythmia Institute at St. David’s Medical Center  was recently published in the Journal of Cardiovascular Electrophysiology and is available electronically with open access via the 
Wiley Online Library. Study results showed 93% consensus across the blinded reviewers with a 75% overall improvement in intracardiac signal quality and confidence in interpreting PURE EP(T.M.) signals over conventional sources.

 

Forward-looking
Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market conditions and the Company’s intended use of proceeds, (ii) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (iii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iv) difficulties in obtaining financing on commercially reasonable terms; (v) changes in the size and nature of our competition; (vi) loss of one or more key executives or scientists; and (vii) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.


Andrew Ballou

BioSig Technologies, Inc.

Vice President, Investor Relations

55 Greens Farms Road, 1st Floor

Westport, CT 06880

aballou@biosigtech.com

203-409-5444, x133

 

Primary Logo

Source: BioSig Technologies, Inc.

Released July 7, 2022


Release – Gray Sets Date For Second Quarter Earnings Release And Earnings Conference Call

Posted on by Admin



Gray Sets Date For Second Quarter Earnings Release And Earnings Conference Call

Research, News, and Market Data on Gray Television

Atlanta, Georgia – July 6, 2022 — Gray Television, Inc.
(NYSE: GTN) today announced that it will release its earnings results for the quarter ending June 30, 2022 on Friday, August 5, 2022.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended, June 30, 2022, on Friday, August 5, 2022. The call will begin at 11:00 a.m. Eastern Time. The live dial-in number is 1-800-289-0720 and the confirmation code is 7144937. The call will be webcast live and available for replay at www.gray.tv. The taped replay of the conference call will be available at 1-888-203-1112 Confirmation Code: 7144937 until September 4, 2022.

About Gray Television

Gray Television, Inc. is a multimedia company headquartered in Atlanta, Georgia. We are the nation’s largest owner of top-rated local television stations and digital assets in the United States that serve 113 television markets reaching approximately 36 percent of US television households. This portfolio includes 80 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station. We also own video program companies Raycom Sports, Tupelo Media Group (formerly Tupelo Honey), and PowerNation Studios, as well as studio production facilities Assembly Atlanta and Third Rail Studios.

Gray Contacts:

Website: www.gray.tv

Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828

Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333


Release – Element79 Gold Appoints Shane Williams to Board of Directors

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Element79 Gold Appoints
Shane Williams to Board of Directors

Resume of senior positions, managing world-class
projects with multi-billion-dollar budgets atSkeena Resources, Eldorado
Gold, and Rio Tinto Group

 
 

VANCOUVER, BC
/ ACCESSWIRE / July 7, 2022 / Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (“Element79 Gold”, the ”
Company“) today announces that it has appointed Mr. Shane Williams, Chief Operation Officer of Skeena Resources Limited, to its Board of Directors.

Mr. Williams carries a history of significant value creation in both early-stage and operating companies, which includes senior executive and management roles overseeing and delivering world-class multi-billion-dollar projects at highly prominent companies, including:

  • Chief Operation Officer
    at Skeena Resources Limited (NYSE Listed), Eskay Creek Project
    • A key member of the Skeena Resources team as the company developed from explorer to becoming a leading tier-one developer, overseeing the flagship Eskay Creek project’s advancement towards production and increasing shareholder value by +300%. The Eskay Creek project has been estimated to have an after-tax net present value of $1.4 billion.
  • Senior Vice President
    at Eldorado Gold Corporation (NYSE Listed), $2B Global Project
    Portfolio
    • Oversaw the transition of the Lamaque Project from exploration into a successful operation in a record 18-months, with first year ramp up resulting in an increase in company value by approximately $300 million (an increase of over +50% at the time). The Lamaque mine continues to deliver significant value to Eldorado gold portfolio.
  • General Manager of
    Expansion Projects at Iron Ore Company of Canada a subsidiary of
    the Rio Tinto Group (NYSE Listed), $2.5B CAPEX
    • Managed a combined capital expenditure of $2.5 billion across a series of expansion projects and studies.

 
“I am excited
to join the BOD of Element 79 at this time. With my past experience and
history of successful project delivery, I feel have many synergies
which are directly relevant to Element 79 ongoing development in South
America and will also serve to accelerate the pace of development of
Element 79 and its various properties,” commented Mr. Williams.

Mr. Williams completed his Master of Project Management degree at the University of Limerick in Ireland and his Bachelor of Engineering degree in Electrical Engineering at Technological University Dublin. He brings with him nearly 20 years of experience in senior management and executive roles where he has delivered significant value to well-known companies in the mining and resources sectors.

“Through his experience, Shane has delivered tremendous value to Element79 Gold in his time acting as an Advisor to the Board, and we’re pleased to now be welcoming him as a Director of the Company,” remarked James Tworek, President and CEO of Element79 Gold. “The combined wealth of knowledge that has recently lent its support to Element79 Gold has the entire team eager to drive forward with the goal of accelerating greater value to shareholders on our route to the next stage of our corporate development strategy.”

About
Element79 Gold
Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and associated metals. Element79 Gold has acquired its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties, where it has recently completed a 43-101-compliant, pit-constrained mineral resource estimate reflecting an Inferred resource of 3.71 million ounces of gold equivalent* “AuEq” at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effective date of Feb. 4, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which the Company is analyzing for further merit of exploration, along with the potential for sale or spin-out. In Peru, Element79 Gold holds 100% interest in the past producing Lucero Mine, one of the highest-grade underground mines to be commercially mined in Peru’s history, as well as the past producing Machacala Mine. In British Columbia, Element79 Gold has executed a Letter of Intent to acquire a private company which holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.  The Company also has an option to acquire 100% interest in the Dale Property which consists of 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. For more information about the Company, please visit www.element79.gold or www.element79gold.com

 

Contact
Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
E-mail: jt@element79gold.com  
 

For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (604) 200-3608
E-mail: investors@element79gold.com
 

Technical
Disclaimer
This news release and related maps contain information about adjacent properties and properties with similar characteristics on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties or properties that share similar characteristics are not indicative of mineral deposits on the Company’s properties. Readers are also cautioned that this news release contains historical technical information which is based on prior data prepared by previous property owners. A qualified person has not done sufficient work to confirm such information; significant data compilation, re-drilling, re-sampling and data verification may be required to do so.

Cautionary
Note Regarding Forward Looking Statements
This press contains “forward?looking information” and “forward-looking statements” under applicable securities laws (collectively, “forward?looking statements”). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the proposed acquisition of certain properties and the timing for completion of such transactions; the Company’s business strategy; future planning processes; exploration activities; the timing and result of exploration activities; capital projects and exploration activities and the possible results thereof; acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward?looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “forecast”, “potential”, “target”, “intend”, “could”, “might”, “should”, “believe” and similar expressions) are not statements of historical fact and may be “forward?looking statements”.

Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: that the parties may not be able to satisfy the conditions to Closing of the Acquisition, at all or on the terms announced; the duration and effects of the coronavirus and COVID-19; risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the Company’s other public disclosure documents, available on 
www.sedar.com. Although the Company 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. The Company believes that the expectations reflected in these forward?looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward?looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

Neither the
Canadian Securities Exchange nor the Market Regulator (as that term is
defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Sources
Element 79 Gold
makes no warranty as to the completeness, accuracy, verifiability, or
suitableness of any of the information contained on the following
third-party links and expressly undertakes no obligation to update the
following links.

 

Copyright © 2022 Element79 Gold Corp, All rights
reserved.
You are receiving this email because you subscribed to received updates from Element 79 Gold on our website www.element79.gold

Our mailing address
is:

Element79 Gold Corp

210-41 Royal Vista Dr NW

Calgary, AB T3R 0H9

Canada

Voyager Digital (VYGVF) – Declaration of CEO Stephen Ehrlich

Posted on by Admin

Thursday, July 07, 2022

Voyager Digital (VYGVF)
Declaration of CEO Stephen Ehrlich

Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost-efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

First Day. We spent yesterday going through Voyager Digital’s Chapter 11 petitions and first day motions. The filings provide an overview of recent events behind the Chapter 11 filing, the current state of the Company, and the Company’s efforts to reorganize, both prior to the Chapter 11 filing and its plans for a standalone restructuring.

The Cliff Note. According to the Declaration of Voyager CEO Stephen Ehrlich, Voyager faced a short-term “run on the bank” due to the downturn in the cryptocurrency industry generally and the default of the 3AC loan. Ultimately, Voyager filed for chapter 11 relief to protect customers and preserve the value of the business….

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. 

Release – Eagle Bulk Shipping Inc. to Issue Second Quarter 2022 Results and Hold Investor Conference Call

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Eagle Bulk Shipping Inc. to Issue Second Quarter 2022 Results and Hold Investor Conference Call

Research, News, and Market Data on Eagle Bulk Shipping

STAMFORD, Conn., July 06, 2022 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (Nasdaq: EGLE), one of the world’s largest owner-operators within the midsize drybulk segment, announced today that it will report its financial results for the second quarter ending June 30, 2022, after the close of stock market trading on August 4, 2022. Members of Eagle Bulk’s senior management team will host a call at 8:00 a.m. ET on Friday, August 5, 2022 in order to discuss company results and provide an update on market fundamentals.

 A live webcast of the call will be available on the Investor Relations page of the Company’s website at ir.eagleships.com. To access the call by phone, please register at https://register.vevent.com/register/BI942c4261331c44f1b09f9d991f2d27ed and you will be provided with dial-in details. A replay of the webcast will be available on the Investor Relations page of the Company’s website.

 About Eagle Bulk Shipping Inc.

 Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, Eagle focuses exclusively on the versatile midsize drybulk vessel segment and owns one of the largest fleets of Supramax / Ultramax vessels in the world. The Company performs all management services in-house (including: strategic, commercial, operational, technical, and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. For further information, please visit our website: www.eagleships.com.

 

Company Contact

Eagle Bulk Shipping, Inc.

investor@eagleships.com

+1 203-276-8100

 

Media Contact

ICR, Inc

+1 203-682-8396

 

 

Source: Eagle Bulk Shipping Inc

Emotional Responses to Cookie Notifications

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Image Credit: Kristina D.C. Hoeppner (Flickr)


Browser Cookies Make People More Cautious Online, Study Finds

Website cookies are online surveillance tools, and the commercial and government entities that use them would prefer people not read those notifications too closely. People who do read the notifications carefully will find that they have the option to say no to some or all cookies.

The problem is, without careful attention those notifications become an annoyance and a subtle reminder that your online activity can be tracked.

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of Elizabeth Stoycheff, Associate Professor of Communication, Wayne State University.

As a researcher who studies online surveillance, I’ve found that failing to read the notifications thoroughly can lead to negative emotions and affect what people do online.

How Cookies Work

Browser cookies are not new. They were developed in 1994 by a Netscape programmer in order to optimize browsing experiences by exchanging users’ data with specific websites. These small text files allowed websites to remember your passwords for easier logins and keep items in your virtual shopping cart for later purchases.

But over the past three decades, cookies have evolved to track users across websites and devices. This is how items in your Amazon shopping cart on your phone can be used to tailor the ads you see on Hulu and Twitter on your laptop. One study found that 35 of 50 popular websites use website cookies illegally.

European regulations require websites to receive your permission before using cookies. You can avoid this type of third-party tracking with website cookies by carefully reading platforms’ privacy policies and opting out of cookies, but people generally aren’t doing that.

One study found that, on average, internet users spend just 13 seconds reading a website’s terms of service statements before they consent to cookies and other outrageous terms, such as, as the study included, exchanging their first-born child for service on the platform.

These terms-of-service provisions are cumbersome and intended to create friction.

Friction is a technique used to slow down internet users, either to maintain governmental control or reduce customer service loads. Autocratic governments that want to maintain control via state surveillance without jeopardizing their public legitimacy frequently use this technique. Friction involves building frustrating experiences into website and app design so that users who are trying to avoid monitoring or censorship become so inconvenienced that they ultimately give up.

How Cookies Affect You

My newest research sought to understand how website cookie notifications are used in the U.S. to create friction and influence user behavior.

To do this research, I looked to the concept of mindless compliance, an idea made infamous by Yale psychologist Stanley Milgram. Milgram’s experiments – now considered a radical breach of research ethics – asked participants to administer electric shocks to fellow study takers in order to test obedience to authority.

Milgram’s research demonstrated that people often consent to a request by authority without first deliberating on whether it’s the right thing to do. In a much more routine case, I suspected this is also what was happening with website cookies.

I conducted a large, nationally representative experiment that presented users with a boilerplate browser cookie pop-up message, similar to one you may have encountered on your way to read this article.

I evaluated whether the cookie message triggered an emotional response – either anger or fear, which are both expected responses to online friction. And then I assessed how these cookie notifications influenced internet users’ willingness to express themselves online.

Online expression is central to democratic life, and various types of internet monitoring are known to suppress it.

The results showed that cookie notifications triggered strong feelings of anger and fear, suggesting that website cookies are no longer perceived as the helpful online tool they were designed to be. Instead, they are a hindrance to accessing information and making informed choices about one’s privacy permissions.

And, as suspected, cookie notifications also reduced people’s stated desire to express opinions, search for information and go against the status quo.

Cookie Solutions

Legislation regulating cookie notifications like the EU’s General Data Protection Regulation  and California Consumer Privacy Act were designed with the public in mind. But notification of online tracking is creating an unintentional boomerang effect.

There are three design choices that could help. First, making consent to cookies more mindful, so people are more aware of which data will be collected and how it will be used. This will involve changing the default of website cookies from opt-out to opt-in so that people who want to use cookies to improve their experience can voluntarily do so.

Second, cookie permissions change regularly, and what data is being requested and how it will be used should be front and center.

And third, U.S. internet users should possess the right to be forgotten, or the right to remove online information about themselves that is harmful or not used for its original intent, including the data collected by tracking cookies. This is a provision granted in the General Data Protection Regulation but does not extend to U.S. internet users.

In the meantime, I recommend that people read the terms and conditions of cookie use and accept only what’s necessary.


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Energy Stock Investors Still in Very Interesting Sector

Posted on by Admin 



Image Credit: It’s Our City (Flickr)


Monitoring the Gusher of Cross Currents in the Energy Industry

A plan from the White House to allow drilling in the Gulf of Mexico. Calls for a crude export ban. A Biden tweet asks companies running gas stations to drop prices. A proposed price cap on Russian oil. And OPEC-plus output is expected to remain steady. These are just some of the events impacting energy company stocks. Meanwhile, travel in the U.S. skyrocketed to levels not seen in years to kick off the summer vacation season. For their part, oil industry stocks, as measured by the XLE, are down 25% from their high a month ago (June 8), and are approaching their 200-day moving average. Is the cooling off in oil company stocks temporary? Could the recent sell-off attract dip buyers, and what is the overall health of the industry beyond the outside noise? 


Source: Koyfin


Selling Gulf Drilling Leases

On July 1, in a disappointment to some environmental groups, the Biden administration made two moves to open public lands to fossil fuel extraction. The administration held its first onshore lease sales, and it released a proposal for offshore drilling that could open parts of the Gulf of Mexico and Alaska’s Cook Inlet to leasing through 2028.

Oil industry officials said the action would do little to help counter high energy prices. This is important to the President as gasoline prices have been a daily reminder for voters of how life has changed since the President has taken office. Biden’s taking action against higher fuel prices could be seen as a political move aimed at helping the mid-term elections come out in favor of the President’s party. The oil industry officials throw cold water on any thinking that it would change prices, they say there will be a months-long gap before a new plan can be put in place. The oil industry spokespersons say the delay could cause problems in planning new drilling and potentially lead to decreased oil production. Overall, oil companies are hesitant to go all out and bid for leases and commit extraordinary resources to projects when the administration’s commitment is uncertain.

The administration had already suspended lease sales earlier in 2022, citing climate concerns. As a result of a court order by a U.S. district judge in Louisiana, the company involved was cleared to resume.

There is a long start-up time between the bidding process and the developing drilling operations. In the meantime, there is no sign for the oil companies to feel comfortable committing to long-range projects because the administration has not shown unwavering commitment. Resources allocated to what the administration says it is committed to, that is a move away from fossil fuels, would seem more appropriate in the long run for energy companies.

 

Export Ban Feasibility

The Biden administration wants to potentially place an outright ban on U.S. exports of oil and refined products. Speaking to reporters during a tour of the Strategic Petroleum Reserve in Louisiana, Energy Secretary Jennifer Granholm said that the administration was “not taking any tools off the table” in its effort to reduce prices at the pump, including reimposing the 1970s ban on oil exports that was lifted in 2015. This is confusing to consumers and oil companies alike as it was just last December that Granholm said an export ban was not under consideration. Secretary Granholm’s comments seem to mark a significant shift in energy policy for the administration.

A ban would have to take into account the complex global oil market. Each country does not produce the quality of crude oil or refined petroleum products used in its country. For many, imports from the U.S. have no substitutes. This would force them to find other providers, or do without. The highly advanced U.S. refining capabilities allow it to take low-cost heavy oil from Central America and Canada and turn it into high-grade gasoline. This ability to input low-cost crude and export high-value refined products is a net positive for the U.S. when measuring trade surplus’/deficits.

While an export ban may score points politically, it may not accomplish a useful goal. In January, the Dallas Federal Reserve released a study on the potential impacts of a crude oil export ban. It measures possible consequences on worldwide energy prices and their impact on Americans. The study concluded that a halt of U.S. exports “would lower the supply of oil in global markets and raise its price” and “one would expect global fuel prices, if anything, to increase as a result.”


Image: A tweet from @POTUS draws a snarky reply from the domestic oil and gas advocate USOGA.

OPEC-Plus Output Decision

OPEC+ is the name given to the combined oil-producing countries that include the 13 members of OPEC, and 10 other oil-producing countries including Russia. On Thursday (June 30) OPEC+ confirmed it would not increase output for the month of August any more than previously announced. The group had concerns about oversupplying in the face of mounting factors that could lead to a recession. Ironically, one of those factors is the tight global supply of oil.

Previously, OPEC+ decided to increase output each month by 648,000 barrels per day (BPD) in July and August. The OPEC+ group of producers ended the meeting by agreeing to stick to its output strategy. The producers did not discuss policy for September or beyond.


Analysts Report

“Energy industry fundamentals remain strong.” Wrote Noble Capital Markets, Senior Energy Analyst Michael
Heim, in his quarterly
report on the industry released this week. Heim went on to write that cash flow levels are envious in the industry, and debt levels are being pared down. He maintains his positive bias toward the sector and favors small-caps within the sector “with the ability to expand operations.”

 
Take Away

Energy companies’ performance, particularly those involved in oil or natural gas, have had excellent performance over the past two years – they have been the top-performing sector so far this year. However there has been a bit of a dip, and there are many crosscurrents that could make a continued rise a bit choppier than it had been.

The outlook on the industry is positive as the companies are faced with an enviable number of options and opportunities to rework their finances and perhaps move into new projects, both traditional and future-looking.

They, however, need to pin down the administration on whether it is committed to their products long term. This nod to the future could open the door to more investment in production. Alternatively, if they are caught in political positioning that may not carry any weight six months down the road, wrong decisions now could be expensive.

Read Michael Heim’s Energy Industry Report – The Outlook for Energy Stocks Remains Favorable
here.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://insideclimatenews.org/news/01072022/public-lands-fossil-fuel-drilling-leases-biden/

https://www.whitehouse.gov/briefing-room/statements-releases/2021/01/27/fact-sheet-president-biden-takes-executive-actions-to-tackle-the-climate-crisis-at-home-and-abroad-create-jobs-and-restore-scientific-integrity-across-federal-government/

https://www.npr.org/2022/07/02/1109552068/a-biden-administration-offshore-drilling-proposal-would-allow-up-to-11-sales

https://www.forbes.com/sites/daneberhart/2022/06/07/banning-us-exports-would-be-bidens-ultimate-energy-folly/

https://www.thehindu.com/news/international/opec-plus-the-cartel-and-its-allies-that-keep-oil-on-the-boil/article65493511.ece#:~:text=OPEC%20Plus%20refers%20to%20a,%2C%20Azerbaijan%2C%20Bahrain%2C%20Brunei%2C

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Release – Seanergy Announces Completion of United Maritime Corporation SpinOff

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Seanergy Announces Completion of United Maritime Corporation SpinOff

Research, News, and Market Data on Seanergy Maritime

July 6, 2022 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today that it has completed the spin-off of its wholly-owned subsidiary, United Maritime Corporation (United”), effective July 5, 2022. The Company’s shareholders received one United share for every 118 shares of Seanergy held at the close of business on June 28, 2022. Fractional common shares of United were not distributed. Instead, the distribution agent will aggregate fractional common shares into whole shares, sell such whole shares in the open market at prevailing rates promptly and distribute the net cash proceeds from the sales pro rata to each holder who would otherwise have been entitled to receive fractional common shares in the distribution.

Additional information about United and the spin-off transaction can be found in the United registration statement filed pursuant to the Securities Exchange Act of 1934 on Form 20-F, which is available at www.sec.gov or at https://www.unitedmaritime.gr/en under Investors/SEC Filings.

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. The Company’s operating fleet consists of 17 Capesize vessels with an average age of approximately 12 years and aggregate cargo carrying capacity of approximately 3,020,012 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”. 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, including statements regarding the anticipated spin-off of United. 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 impact of regulatory requirements or other factors on the Company’s ability to consummate the proposed spin-off; the Company’s operating or financial results; 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; broader market impacts arising from war (or threatened war) or international hostilities, such as between Russia and Ukraine; 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, including 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: ir@seanergy.gr

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue Suite 1540

New York, NY 10169

Tel: (212) 661-7566

E-mail: seanergy@capitallink.com


Release- ISG – Brazilian Firms Find Agility, Resilience in Cloud Services

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Brazilian Firms Find Agility, Resilience in Cloud Services

7/6/2022

Rising security and regulatory concerns are contributing to strong growth in Brazil’s private/hybrid cloud industry, ISG Provider Lens™ report says

SAO PAULO–(BUSINESS WIRE)– Brazilian enterprises are increasingly concerned about the resilience and agility of their IT operations, fueling rapid growth in all types of private and hybrid cloud services, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud — Data Center Services and Solutions report for Brazil finds new regulations, new managed hosting technologies and the rising number of ransomware attacks in Brazil have contributed to a hybrid cloud boom in the past few years. More organizations continue to migrate on-premises IT to managed services, managed hosting and colocation services.

“Brazilian companies require low-latency networks, backup and recovery and faster deployment of new services,” said Bernie Hoecker, partner, ISG Enterprise Cloud. “For most, that means pursuing a hybrid cloud strategy.”

As a result, both the cloud and colocation markets are growing quickly in Brazil. There are now six cloud hyperscalers operating in the country, with 13 to 15 cloud data centers hosted in colocation facilities, the report says. At least six more large facilities are under construction to meet the demand for data center floor space. Global cloud providers such as AWS, Microsoft and Google have elevated the standard for security, service quality and environmental, social and governance (ESG) compliance in Brazilian data centers, ISG says.

Brazilian managed hosting providers, once considered threatened by the entrance of public cloud hyperscalers, are stronger than ever thanks to demand for new technologies, such as automated self-service platforms that mimic the public cloud service portfolio, the report says.

Companies are still modernizing their infrastructure to comply with the privacy and data protection requirements of the Lei Geral de Proteção de Dados (LGPD), which went into effect more than a year ago, the report says. In addition, open banking regulations imposed in 2021 have increased banks’ interest in cloud migration. All private banks in Brazil are committed to adopting cloud infrastructure, and even those that still use mainframes have long-term plans to modernize and migrate their applications.

The report also examines other trends in the Brazilian private/hybrid cloud market, including how new technologies such as machine learning and service automation are helping providers deliver better services despite rising costs and shortages of skilled labor.

The 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud — Data Center Services and Solutions report for Brazil evaluates the capabilities of 40 providers across four quadrants: Managed Services for Large Accounts, Managed Services for Midmarket, Managed Hosting and Colocation Services.

The report names edge.uol, Equinix and T-Systems as Leaders in three quadrants each and Ativy, Matrix and TIVIT as Leaders in two quadrants each. It names Ascenty, Capgemini, Claranet, Dedalus, HostDime, Kyndryl, Logicalis, Lumen, Scala, Skymail, Unisys, V8 Consulting and Wipro as Leaders in one quadrant each.

In addition, Under and V8 Consulting are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant each.

Customized versions of the report are available from inov.TI, Matrix, Scala, Skymail, Under, Unisys and V8 Consulting.

The 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud — Data Center Services and Solutions report for Brazil is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Source: Information Services Group, Inc.

Release – Voyager Digital Commences Financial Restructuring Process to Maximize Value for All Stakeholders

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Voyager Digital Commences Financial Restructuring Process to Maximize Value for All Stakeholders

Research, News, and Market Data on Voyager Digital

Files Voluntary Petitions for Chapter 11
Protection to Implement Restructuring; Proposed Plan of Reorganization Creates
Efficient Path to Resume Account Access and Return Value to Customers

Voyager Has Approximately $1.3 Billion of
Crypto Assets on the Platform, More Than $350 Million of Cash Held in
the FBO Account for Customers at Metropolitan Commercial Bank, and Claims
Against Three Arrows Capital of More Than $650 Million1

NEW YORK, July 5, 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), today announced that it has commenced a voluntary Chapter 11 process to maximize value for all stakeholders. As part of this process, the Company and its main operating subsidiaries filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court of the Southern District of New York (the “Court”). The Company intends to seek recognition of the Chapter 11 case of Voyager in the Ontario Superior Court of Justice (Commercial List) pursuant to the Companies’ Creditors Arrangement Act.

“This comprehensive reorganization is the best way to protect assets on the platform and maximize value for all stakeholders, including customers,” said Stephen Ehrlich, Chief Executive Officer of Voyager. “Voyager’s platform was built to empower investors by providing access to crypto asset trading with simplicity, speed, liquidity, and transparency. While I strongly believe in this future, the prolonged volatility and contagion in the crypto markets over the past few months, and the default of Three Arrows Capital (“3AC”) on a loan from the Company’s subsidiary, Voyager Digital, LLC, require us to take deliberate and decisive action now. The chapter 11 process provides an efficient and equitable mechanism to maximize recovery.”

The proposed Plan of Reorganization (“Plan”) would, upon implementation, resume account access and return value to customers. Under this Plan, which is subject to change given ongoing discussions with other parties, and requires Court approval, customers with crypto in their account(s) will receive in exchange a combination of the crypto in their account(s), proceeds from the 3AC recovery, common shares in the newly reorganized Company, and Voyager tokens. The plan contemplates an opportunity for customers to elect the proportion of common equity and crypto they will receive, subject to certain maximum thresholds.

Customers with USD deposits in their account(s) will receive access to those funds after a reconciliation and fraud prevention process is completed with Metropolitan Commercial Bank.

The Company continues to evaluate all strategic alternatives to maximize value for stakeholders.

The Company has over $110 million of cash and owned crypto assets on hand, which will provide liquidity to support day-to-day operations during the Chapter 11 process, in addition to more than $350 million of cash held in the For Benefit of Customers (FBO) account at Metropolitan Commercial Bank. Voyager also has approximately $1.3 billion of crypto assets on its platform, plus claims against Three Arrows Capital (“3AC”) of more than $650 million.

Voyager previously announced that its subsidiary, Voyager Digital LLC, issued a notice of default to 3AC for failure to make the required payments on its previously disclosed loan of 15,250 BTC and $350 million USDC. Voyager is actively pursuing all available remedies for recovery from 3AC, including through the court-supervised processes in the British Virgin Islands and New York.

The Company also announced the appointment of a four new independent directors: Matthew Ray at Voyager Digital Ltd.; Scott Vogel at Voyager Digital Holdings, Inc.; and Jill Frizzley and Timothy Pohl at Voyager Digital LLC. Information regarding their backgrounds and relevant experience is included at the end of this release.

As part of the reorganization process, the Company will file customary “First Day” motions to allow it to maintain operations in the ordinary course. Voyager intends to pay its employees in the usual manner and continue their primary benefits and certain customer programs without disruption. The Company expects to receive court approval for all these routine requests. Trading, deposits, withdrawals and loyalty rewards on the Voyager platform remain temporarily suspended.

Parties with questions about the chapter 11 process may contact the Company’s Claims Agent, Stretto, at +1 (855) 473-8665 (toll-free in the U.S.) or +1 (949) 271-6507 (for parties outside the U.S.). They have also set up a website at 
http://cases.stretto.com/Voyager, which includes court documents and other information.

To effectuate the restructuring process, the Company has engaged Moelis & Company and The Consello Group as financial advisors, Kirkland & Ellis LLP as legal advisors, and Berkeley Research Group, LLC, as restructuring advisor.

New Independent Directors
to Provide Additional Leadership and Expertise

Matthew Ray joins as an independent director of Voyager Digital Ltd. Mr. Ray is the Founder and Managing Partner of Portage Point Partners where he has served as Chief Restructuring Officer (CRO), Chief Executive Officer (CEO), Chairman, Lead Independent Director, Special Restructuring Committee Chairperson and Strategic Advisor leading wide-ranging transformations and restructurings for both private and public companies.

Scott Vogel joins as an independent director of Voyager Digital Holdings, Inc. Mr. Vogel has broad experience sitting on numerous boards of directors for financially distressed companies in a diverse set of industries. Mr. Vogel carefully and skillfully manages complex situations, develops restructuring plans and post-restructuring organizational priorities, builds consensus amongst and between stakeholders and management, executes complex capital market and corporate transactions, facilitates clear lines of communication, and aligns management incentives to ensure accountability.

Jill Frizzley joins as an independent director of Voyager Digital LLC. Ms. Frizzley is a corporate governance expert with significant experience serving on boards of directors and advising on corporate governance, restructuring, bankruptcies, and mergers and acquisitions. Leveraging over two decades of legal practice in financial restructuring and insolvency, Ms. Frizzley has a deep wealth of knowledge encompassing corporate, financial, and governance matters across a wide range of industries.

Timothy Pohl joins as an independent director of Voyager Digital LLC. Mr. Pohl has extensive experience and expertise in all aspects of corporate restructurings and financing, mergers and acquisitions, valuation, liquidity and balance sheet assessment and analysis, capital markets, corporate law, restructuring law, and litigation. Mr. Pohl currently serves as a Senior Advisor in a number of situations, as well as an Independent Director for a number of corporations. Mr. Pohl has also advised across a wide range of industries and has provided expert testimony on valuation and corporate and restructuring matters.

About Voyager Digital
Ltd.

Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost-efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

Forward
Looking Statements

Certain information in this press release, including, but not limited to, statements regarding the restructuring process, the restructuring Plan, available remedies for recovery from 3AC, intended filings as part of the restructuring process, resumption of account access, return of value to customers, the ability of Voyager to continue as a going concern, exploration of strategic alternatives, discussions with third parties in respect of strategic alternatives and the results of those discussions, the temporary nature of the suspension of the platform, future growth and performance of the business, the exploration of strategic alternatives, future adoption of digital assets, anticipated trends and challenges in our business and industry, the regulation of digital assets offerings, the impact of the 3AC default on the Company, the Company’s liquidity and ability to satisfy customer orders and withdrawals and the Company’s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. It is uncertain as to the timing or results of the restructuring process or the terms of the final restructuring plan, when account access will resume, the value to be returned to customers, what amount Voyager will be able to recover from 3AC for non-payment or the legal remedies available to Voyager in connection with such non-payment or the impact on the future business, cash flows, liquidity and prospects of Voyager as a result of 3AC’s non-payment. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that parties to whom the Company lends assets are able to repay such loans in full and in a timely manner, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, the results of the restructuring process and the terms of the restructuring plan, if such a plan is ultimately agreed to, the results from the exploration of strategic alternatives, the inability to resume trading, deposits, withdrawals and rewards on the platform in a timely manner, an inability to drawdown under the credit facility or access other sources of financing, an increase in customer demands for withdrawals from the platform, any insolvency or similar proceedings with respect to 3AC, our ability to find a strategic alternative, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. Readers are cautioned that Assets on Platform and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events, except as required by law. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance. There is no assurance that the funds available under the loan agreement will be available or, even if available will, together with any other assets of Voyager be sufficient to safeguard assets.

The TSX
has not approved or disapproved of the information contained herein.

__________________

1 The amounts are as of June 30, 2022, and are preliminary, non-reviewed and unaudited, and subject to final adjustments following completion of quarterly and year-end close procedures.

SOURCE Voyager Digital Ltd.