Day: March 21, 2018

RavenQuest Begins Trading on Frankfurt Exchange Under Symbol “1IT”

VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (the “Company” or “RavenQuest”) – (CSE:RQB) (OTCQB:RVVQF) (Frankfurt:1IT) is pleased to announce that it has commenced trading on the Frankfurt Stock Exchange with immediate effect.  RavenQuest’s common shares commenced trading under the symbol “1IT”. RavenQuest CEO, George Robinson, stated that “trading on the Frankfurt Exchange gives our capital markets exposure to a truly global reach, providing ease of access, transparency and peace of mind for European and international investors.  Truly global companies have a presence in Europe and we are very excited for our company to have this

Versus Announces Upsize of Previously Announced Private Placement to $4 Million

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — Versus Systems Inc. (“Versus” or the “Company”) (CSE:VS) (CSE:VS.CN) (OTCQB:VRSSF) (FRANKFURT:BMVA) announces that is has amended its letter of engagement with Eight Capital, as lead agent (the “Lead Agent”), on behalf of a syndicate of agents including Canaccord Genuity Corp., Gravitas Securities Inc., and Leede Jones Gable Inc. (together with the Lead Agent, the “Agents”), to increase the size of the previously announced $3,000,000

Fura Grants Stock Options

TORONTO, March 21, 2018 (GLOBE NEWSWIRE) — Fura Gems Inc. (TSXV:FURA) has granted a total of 3,691,692 stock options to certain officers, directors and consultants of the Company pursuant to the Company’s stock option plan. The stock options vest immediately and may be exercised at a price of $0.67 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange. For more information about Fura Gems Inc., please contact: Fura Gems Inc.   Dev Shetty – President & Chief Executive Officer  Vikram Pathak –

Plug Power Inc. Announces Private Offering of $100 Million of Convertible Senior Notes

LATHAM, N.Y. , March 21, 2018 (GLOBE NEWSWIRE) — Plug Power Inc. (“Plug Power”) (NASDAQ:PLUG) today announced its intention to offer, subject to market conditions and other factors, $100 million aggregate principal amount of Convertible Senior Notes due 2023 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  Plug Power also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $15 million aggregate principal amount of the notes. The notes will be senior,

Zenyatta Ventures Ltd. Sets Date for Requisitioned Shareholder Meeting

THUNDER BAY, Ontario, March 21, 2018 (GLOBE NEWSWIRE) — Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV:ZEN) announces it will hold a special meeting of shareholders (the “Meeting”) on 11 May 2018.   The Meeting was requisitioned by certain shareholders holding in excess of 5% of the issued and outstanding shares of Zenyatta in accordance with the requirements of the Business Corporations Act (Ontario).  The board of directors of Zenyatta presently consists of the following six individuals:  Keith Morrison, Aubrey Eveleigh, Barry Allan, Sean Whiteford, Brian Davey and Brett Richards.  The Company is at an exciting and critical stage that will require

Microdrones at Mobile World Congress 2018

Siegen, Germany, March 21, 2018 (GLOBE NEWSWIRE) — Last month, at the Mobile World Congress in Barcelona, Deutsche Telekom, one of the world’s 10 largest telecommunications companies, featured Microdrones in their presentation on CONNECTED DRONES- the safe and fair integration of drones into German airspace via mobile network.  CONNECTED DRONES is a joint project of Deutsche Telekom and DFS, Deutsche Flugsicherung.  Timotheus Höttges, CEO of Deutsche Telekom, recognizes the huge potential for the future of unmanned aerial vehicles in the airspace above Germany.  There’s a multitude of tasks that drones can currently perform, ranging from their ability to survey industrial sites, film

Trilogy International Partners Inc. Reports Fourth Quarter and Full Year 2017 Results

Continued growth in New Zealand postpaid activations: 27.3 thousand postpaid gross additions during the fourth quarter, representing an 11% increase sequentially and 5% increase over the prior year Strong prepaid gains in Bolivia: 92.4 thousand net additions during the fourth quarter, representing significant sequential and year over year growth   Continued robust LTE adoption in Bolivia: LTE customer base nearly doubled in 2017. Net cash provided by operating activities increased by $28.7 million in the fourth quarter: growth of nearly five times when compared to the prior year fourth quarter, and an increase of 33%, or $16.0 million, for the full year

TransAtlantic Petroleum Announces Fourth Quarter and Year-End 2017 Financial Results and Provides an Operations Update

HAMILTON, Bermuda, March 21, 2018 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE American:TAT) (the “Company” or “TransAtlantic”) today announced financial results for the quarter and year ended December 31, 2017 and provided an operations update. Additional information can be found on the Company’s website at Highlights The Company has entered the presentation phase of the Company marketing process with Tudor Pickering Holt & Co. Net loss from continuing operations in 2017 was $23.9 million, as compared to $22.4 million in 2016. Net loss from continuing operations for the three months ended December 31, 2017 was $4.0 million as

TECSYS Announces Resignation of CFO, Appointment of Interim CFO

Not for distribution to U.S. news wire services or dissemination in the United States MONTREAL, March 21, 2018 (GLOBE NEWSWIRE) — TECSYS Inc. (TSX:TCS), an industry-leading supply chain management software company, today announced that Brian Cosgrove, the Company’s Chief Financial Officer, will resign to pursue other career opportunities. Mr. Cosgrove has informed TECSYS that he has accepted a position as Chief Financial Officer of a private-equity backed company. Mr. Cosgrove will continue in his role until April 20th, 2018 to ensure an orderly transition of his responsibilities. TECSYS has initiated a search for Mr. Cosgrove’s successor. If Mr. Cosgrove’s successor

Lucara Announces Management Changes

VANCOUVER, British Columbia , March 21, 2018 (GLOBE NEWSWIRE) — Lucara Diamond Corp. (“Lucara” or the “Company”) (TSX:LUC) (BOTSWANA:LUC) (NASDAQ OMX Stockholm:LUC) wishes to announce that effective April 1, 2018 Zara Boldt will be assuming the role of Chief Financial Officer and Corporate Secretary of the Company. Mr. Glenn Kondo, Chief Financial Officer and Ms. Jennifer Lecour, Vice-President, Legal and Corporate Secretary will be stepping down from their respective roles as of March 31, 2018 to pursue other opportunities. Eira Thomas, Lucara’s CEO commented: “I am delighted to be welcoming Zara into her new role as Lucara’s CFO and Corporate

Wesdome Announces 2017 Fourth Quarter and Full Year Financial Results  

TORONTO, March 21, 2018 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX:WDO) (“Wesdome” or the “Company”) today announces fourth quarter (“Q4 2017”) and full year 2017 financial results. All figures are stated in Canadian dollars unless otherwise noted. Mr. Duncan Middlemiss, President and CEO commented, “Our 2017 results exhibit several operational and financial improvements at Wesdome. We slightly exceeded the upper end of our production guidance, mined significantly higher head grades, improved profits, and met the mid-point for our cash cost and all-in sustaining cost guidance. Looking ahead, we expect this trend to continue with 2018 costs to decrease a

Midas Gold Corp. Reports Changes to its Board of Directors

VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — Midas Gold Corp. (TSX:MAX) (OTCQX:MDRPF) today reported that it has appointed Javier Shiffrin, Senior Vice President, Paulson & Co. Inc., to its board of directors following the resignation of Victor Flores.  Mr. Schiffrin was nominated by Paulson & Co. under the investor rights agreement entered into with Midas Gold in relation to the March 2016 financing that was backstopped by Paulson & Co.  Mr. Flores had been appointed to the board in 2016 as one of Paulson & Co.’s two nominees under that agreement. “We welcome Mr. Schiffrin to the board

Paragon Offshore Limited Receives Arbitration Settlement Proceeds, Increases Per Share Purchase Price by $1.60

Paragon receives arbitration settlement proceeds of $8.8 million, or $1.60 per fully diluted share Proceeds raise total cash consideration for Paragon shares to $43.88 per fully diluted share Tender Offer Period expires 12:01 A.M. Eastern Time on March 24, 2018 HOUSTON, March 21, 2018 (GLOBE NEWSWIRE) — Paragon Offshore Limited (“Paragon” or the “company”) announced today that Paragon has received $8.8 million in proceeds in connection with fully settling an outstanding arbitration claim against Jindal Drilling and Industries Limited.  Under the terms of the previously announced Tender Offer (the “Offer”) by Borr Drilling Limited (“Borr”) for all of the shares

KEMET Comments on European Commission Announcement of TOKIN Corporation Fine

GREENVILLE, S.C., March 21, 2018 (GLOBE NEWSWIRE) — KEMET Corporation (“KEMET” or the “Company”) (NYSE:KEM), a leading global supplier of passive electronic components, announced today that the European Commission (the “Commission”) has completed its investigation into alleged aluminum and tantalum electrolytic capacitor cartel activities, and assessed penalties to eight capacitor manufacturers, including TOKIN Corporation (“TOKIN”), according to a March 21 Commission press release.  KEMET Electronics Corporation (“KEC”), a wholly-owned subsidiary of the Company, acquired TOKIN on April 19, 2017. KEMET and KEC were not a part of the investigation by the Commission. The Commission assessed TOKIN fines of €8.8 million

McDermott International, Inc. Announces Proposed Offering of $950 Million of Senior Unsecured Notes due 2024 and $550 Million of Senior Unsecured Notes due 2026

HOUSTON, March 21, 2018 (GLOBE NEWSWIRE) — McDermott International, Inc. (MDR) (“McDermott”) today announced that McDermott Technology (US), Inc. and McDermott Technology (Americas), Inc. (together, the “Post-Merger Co-Issuers”), each a wholly owned subsidiary of McDermott, intend, subject to market and other conditions, to jointly offer $950 million in aggregate principal amount of senior unsecured notes due 2024 and $550 million in aggregate principal amount of senior unsecured notes due 2026 (collectively, the “notes”). The notes will be initially issued by McDermott Escrow 1, Inc. and McDermott Escrow 2, Inc. (together, the “Escrow Issuers”), each of which is a special purpose

Kane Biotech – 2017 Year End and Fourth Quarter Financial Results and Business Update

WINNIPEG, Manitoba, March 21, 2018 (GLOBE NEWSWIRE) — Kane Biotech Inc. (TSX-V:KNE) (OTCQB:KNBIF) (the “Corporation” or “Kane Biotech”) is pleased to announce its 2017 Year End and Fourth Quarter Financial Results. Kane Biotech Inc. is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms.  Biofilms are thin slimy films that develop when bacteria and other microorganisms form a protective matrix that acts as a shield against attack.  Biofilms attach to and grow on living and inert surfaces. When in a biofilm, bacteria become highly resistant to antibiotics, antimicrobials, biocides

On the Eve of Omnibus Spending Negotiations Republicans and Democrats Agree to Support Down Syndrome Research

DENVER, March 21, 2018 (GLOBE NEWSWIRE) — With partisan politics threatening to lead to a government shutdown, First Lady Valerie Sununu (R-New Hampshire) and First Lady Robin Hickenlooper (D-Colorado) have joined forces to celebrate World Down Syndrome Day and to support Down syndrome research. The two first ladies have organized the Light the Way Campaign to shine a light on the groundbreaking research advances being made to empower individuals with Down syndrome. They have enlisted other first spouses from Arkansas, Indiana, Minnesota, New Mexico, North Caroline, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia, West Virginia, Wyoming, where the Governors’ residences or

NCM – Norrep Capital Management 2018 Fund Provider of the Year Finalist

CALGARY, Alberta, March 21, 2018 (GLOBE NEWSWIRE) — NCM – Norrep Capital Management Ltd. is pleased to announce that it has been selected as a finalist for The Equisoft Fund Provider of the Year Award by Wealth Professional along with Canadian wealth and financial services industry professionals. Alex Sasso, NCM’s Chief Executive Officer and Portfolio Manager says, “We are honoured to be recognized as a finalist by advisors for The Fund Provider of the Year Award, this further supports our commitment to superior service and providing innovation in the investment industry.” Being selected as a finalist represents NCM’s commitment to

Red Eagle Exploration Files Application

VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — Red Eagle Exploration Limited (TSX-V:XR) (“XR”) owns 100% of the Vetas Gold Project in Santander, Colombia.  During 2014, the Ministry of Environment set forth the limits of the Paramo, a high altitude wetland where mining is prohibited.  This delineation included a portion of the Vetas Gold Project within the Paramo.  XR has been in amicable discussions over the last year with the Ministry of Commerce and the Agency for the Defense of the State to come to an agreement on a reimbursement of up to C $40 million in costs incurred

Cellectar Reports 2017 Financial Results and Provides a Corporate Update

MADISON, Wis., March 21, 2018 (GLOBE NEWSWIRE) — Cellectar Biosciences, Inc. (Nasdaq:CLRB), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted treatments for cancer, today reported financial results for 2017 and provided a corporate update. Fourth Quarter 2017 and Recent Corporate Highlights Granted Orphan Drug Designation by the U.S. Food and Drug Administration (FDA) for CLR 131 to treat neuroblastoma, a rare pediatric cancer. Results from two preclinical studies highlighting the potential benefits of fractionated dosing regimens of CLR 131 and the ability of the company’s phospholipid ether-drug conjugates (PDCs™) to provide improved targeting of tumor