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Iconic Provides Update on Drilling Program and Phase 2 Metallurgical Testing For Bonnie Claire Lithium Project, Nevada

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Vancouver, British Columbia–(Newsfile Corp. – February 20, 2020) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (“Company” or “Iconic”) is pleased to announce that it is planning a spring drilling campaign as soon as the weather is conducive for entry into the Bonnie Claire Lithium Deposit in Nevada.

Iconic has received an update from St-Georges Eco-Mining Corp. (“St-George”) (CSE: SX) regarding Phase 2 metallurgical testing of the lithium-rich sediment from Iconic’s Bonnie Claire lithium deposit in Nevada. Iconic is encouraged by this update and is sending additional drill cuttings to meet St-Georges’ requests and allow further progress toward completing the Phase 2 report.

St-Georges is proceeding with the next stages of tests within Phase 2, where its current focus is the optimization of chemicals consumption and purification steps to meet the requirements for lithium hydroxide. Iconic looks forward to receiving further metallurgical results from St Georges.

The Bonnie Claire Lithium Property Characteristics:

The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

On behalf of the Board of Directors

SIGNED: “Richard Kern

Richard Kern, President and CEO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com
The Company’s public documents may be accessed at www.sedar.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52593

Mohawk Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Mohawk Industries, Inc. To Contact The Firm

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New York, New York–(Newsfile Corp. – February 20, 2020) – Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Mohawk Industries, Inc. (NYSE: MHK) (“Mohawk” or the “Company”) of the March 3, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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If you invested in Mohawk stock or options between April 28, 2017 and July 25, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/MHK. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Northern District of Georgia on behalf of all those who purchased Mohawk securities between April 28, 2017 and July 25, 2019 (the “Class Period”). The case, Public Employees’ Retirement System of Mississippi v. Mohawk Industries, Inc. et al,. No. 20-cv-00005 was filed on January 3, 2020 and has been assigned to Judge Eleanor L. Ross.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and misleading statements about the Company’s sales growth and demand for its Conventional Flooring Products. Despite the Company’s accounts receivable and inventory levels increasing during the Class Period, Defendants assuaged investor concerns by misleading them to believe that those increases were the result of external factors like rising raw material costs and inflation. But in reality, Mohawk was engaging in channel-stuffing to artificially inflate its sales and revenues. Defendants failed to disclose that Mohawk was stuffing its distribution channels with Conventional Flooring Products, which made the Company’s sales growth and financial performance appear far better than they were. As a result of these misrepresentations, shares of Mohawk’s common stock traded at artificially inflated prices during the Class Period.

Specifically, on July 25, 2018, after the market closed, the Company reported disappointing financial results for the second quarter of 2018, with earnings that were well below both Wall Street estimates and the Company’s previous guidance range. The following morning, in a conference call with analysts and investors, Mohawk also disclosed deteriorating margins which it attributed, in part, to significant production cuts the Company imposed to normalize inventory. Specifically, the Company revealed that it “produced less [Conventional Flooring Products] than [it] sold to reduce inventory.” Similarly, Mohawk also revealed that it “reduced [its] production volumes more than [the Company] had thought” and that the Company “came into the year with higher inventories than [it] wanted to have.”

On this news, Mohawk’s stock fell from a closing price of $217.37 per share on July 25, 2018 to $179.31 on July 26, 2018-a $38.06 or 17.51% drop.

Then, on October 25, 2018, after the market closed, the Company reported sales and earnings for the third quarter of 2018 that substantially missed analysts’ estimates and the Company’s previous guidance range, with sales growth in all segments lower than estimates. Company executives attributed Mohawk’s poor financial results, in part, to further manufacturing reductions that were required during the period to control inventory buildup.

On this news, Mohawk’s stock fell from a closing price of $151.07 per share on October 25, 2018 to $115.03 on October 26, 2018-a $36.04 or 23.86% drop.

On July 25, 2019, after the market closed, Mohawk reported that sales in its Flooring NA segment were down 7% and revealed that the Company was again reducing production to control inventory levels and match its supply with customer demand.

The Company also revealed that increased competition and excess inventory had impacted its financial results, particularly in its Global Ceramic segment. The Company announced that “lower demand” for certain Conventional Flooring Products created excess inventory which impacted the Company’s sales and margins. The Company further revealed that there was a “big buildup in inventory in ceramic” in the sales channel, which had negatively impacted the Company’s sales. Accordingly, the Company provided a weak earnings forecast for the third quarter of 2019, which was well below analysts’ estimates.

As a result of these disclosures, Mohawk’s stock fell from a closing price of $156.36 per share on July 25, 2019 to $128.84 on July 26, 2019-a $27.52 or 17.60% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Mohawk’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52598

San Marco Closes Over-Subscribed $785,000 Private Placement

Vancouver, British Columbia–(Newsfile Corp. – February 20, 2020) – San Marco Resources Inc. (TSXV: SMN) announces that it has closed its over-subscribed non-brokered private placement by raising C$ 784,849.91 from the issuance of 5,813,703 units at a price of $0.135 per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share for $0.20 until February 19, 2023. If, after June 19, 2020, the closing price of San Marco’s shares is at least $0.40 per share for 10 trading days, San Marco may accelerate the expiry of the warrants to 30 calendar days after the expiry of that 10 trading day period.

The Company paid finders fees of 7% and issued finder warrants (each exercisable to purchase one share for $0.135 until February 19, 2021) of 7% to Haywood Securities Inc. ($32,848.20 and 243,320 finder warrants), Canaccord Genuity Corp. ($1,417.50 and 10,500 finder warrants) and T-Bone Ventures Inc. ($2,835 and 21,000 finder warrants).

The shares issued and issuable under the private placement are subject to a four month hold period expiring on June 20, 2020.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available.

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region that includes many former and current operating mines. In addition, the Company’s portfolio includes the several prospective, early stage exploration properties in Mexico.

For further information, contact:
Robert Willis, P. Eng.
Executive Director

Sharyn Alexander, M.Sc.
VP Technical Services

info@sanmarcocorp.com

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52612

InvestmentPitch Media Video Discusses Great Atlantic’s Interception of 61.35 gpt Gold over 2.04 Meters on Golden Promise Gold Property in Central Newfoundland – Video Available on Investmentpitch.com

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Vancouver, British Columbia–(Newsfile Corp. – February 20, 2020) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) announced results for drill holes 5 through 10 completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The Golden Promise drilling program, totaling 1,063 meters, consisted of 10 holes, including one hole stopped prematurely. All nine holes were drilled to the planned depths intersecting quartz veins with plus / minus sulfide mineralization.

For more information, please view the InvestmentPitch Media “video” which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Great Atlantic” in the search box.

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Visible gold is present within quartz veins intersected in holes GP-19-138, GP-19-139, GP-19-140 and GP-19-144. Significant intersections for the six drill holes include Hole GP19-143 with 11.35 grams per tonne gold over 0.71 meters along with 16.79 grams per tonne over 0.45 meters, Hole GP19-144 with 61.35 grams per tonne gold over 2.04 meters, and Hole GP19-145 with 14.49 grams per tonne gold over 1.52 meters.

Drill hole GP19-141 tested the central and deeper part of the Jaclyn Main Zone, drill holes GP19-142 was stopped prematurely at 16 meters, and holes GP19-142B, GP19-143, GP19-144 and GP19-145 tested the west half of the Jaclyn Main Zone within the conceptual open pit area.

Five gold bearing quartz vein systems are reported at the Jaclyn Zone, being the Jaclyn Main Zone, Jaclyn North Zone, Jaclyn West Zone, Jaclyn South Zone and Jaclyn East Zone. The Jaclyn Zone is located within the northern region of the Golden Promise Property and has been the focus of multiple diamond drilling programs during 2002-2010 and a bulk sample program at the Jaclyn Main Zone during 2010.

The majority of the historic drilling was conducted at the Jaclyn Main Zone, which provided the information for the NI 43-101 Gold Resource Estimate filed in December 2018. Based on the combined hypothetical mining and processing costs and the assumed price of gold, US$1,300 at that time, a pit-constrained cutoff grade of 0.6 grams per tonne was adopted. For the underground portion of the resource a cutoff of 1.5 grams per tonne was assumed.

The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades, resulting in a total Inferred Resource of 106,400 ounces capped and 119,900 ounces uncapped, using a weighted average cutoff of 1.1 grams per tonne. Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. All resources were classified as inferred because of the relatively wide spacing of drill holes through most of the zone.

The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line. The Red Indian Line forms the western boundary of the Exploits Subzone.

The Golden Promise Gold Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project 40 kilometers to the east, and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp 55 kilometers to the southwest. Viewers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

The Golden Promise Gold Property, located in the central Newfoundland gold belt, is just one of many projects in the company’s portfolio of properties in the Atlantic provinces.

For more information, please visit the company’s website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:

InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52622

FANDOM SPORTS Media Corp. Announces Esports Focused Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – February 20, 2020) – FANDOM SPORTS Media Corp. (CSE: FDM) (OTCQB: FDMSD) (FSE: TQ43) (“FANDOM SPORTS” or the “Company”), announces that the Company’s board of directors has approved a private placement of up to 15 million units at five cents per unit for gross proceeds of up to $750,000. Each unit will consist of one share and one half of one share purchase warrant where one full warrant shall entitle the holder to purchase one additional common share at an exercise price of $0.07 per common share for a period of one year. Proceeds from this non-brokered private placement will be used for:

  • Completion of the Esports Application released on Fandom Esports Platform,
  • Recruitment of separate Esports focused talent to cover product, service and operations in Canada, and,
  • General corporate purposes.

Between 2018 and 2019, the Company has invested four million and one hundred thousand Canadian dollars ($4.1 million) into its intellectual property and technology development. This was accomplished through three separate financings:

  • $3,307,070 closed in January 2018 to build microservices platform and live sports application,
  • $308,040 closed in August 2019 for the platform’s game engine, and,
  • $600,000 Blaze blockchain technology license and integration by the Platform 2.0 released on December 28, 2019.

The Company’s technology has been licensed successfully for two non-competing use cases during 2020.

Fandom Esports App is first to market to monetize global esports’ debates with a partnership-based business model with micro-payments. Our platform can process 50,000 Blockchain transactions per second for our players.

The Company’s focus is Fandom Esports Platform 2.0 with Blaze blockchain protocol as the payment structure for micro transaction-based revenue opportunities for FANDOM SPORTS. Blaze means faster transactions, cheaper service deployment and better end-user experience.

As part of the private placement, the Company intends to settle outstanding debt to help preserve the Company’s cash resources.

About FANDOM SPORTS:

“PLAY. PREDICT. GET REWARDED.”

FANDOM SPORTS Media is an entertainment company that aggregates, curates and produces unique fan-focused content.

Fandom Esports Platform is all about micro-payments with Blaze blockchain technology that offers unbeatable speed and high industry adaptability. Because of its unparalleled speed and industry-defining structure. Using Blaze as a payment structure for Fandom Esports Platform will open up new micro transaction-based revenue opportunities for FANDOM SPORTS.

For additional Information:

Investor Relations
Email: info@fandomsports.net

DISCLAIMER:

The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company’s control. Some of these risks and uncertainties may be described in the Company’s corporate filings (posted at www.sedar.com).

The Company has no intention or obligation to update or revise any forward-looking statements due to new information or events. This press release contains forward-looking statements about FANDOM SPORTS. Forward-looking statements may be identified by the use of words like “believe,” “expect,” “anticipate,” “estimate,” “plan,” “consider,” “project,” and similar references to the future. Forward-looking statements reflect FANDOM SPORTS’ good-faith evaluation of information available at the time the forward-looking statements were made. These forward-looking statements are subject to a number of risks and uncertainties, and our actual results may differ materially from those projected. Please refer to FANDOM SPORTS’ annual and quarterly reports filed on SEDAR for a full discussion of those risks and uncertainties we view as most important. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. We undertake no obligation to update or revise forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52625

Crown Mining Proposes $100,000 Non-brokered Private Placement

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Toronto, Ontario–(Newsfile Corp. – February 20, 2020) – Crown Mining Corporation (TSXV: CWM) (“Crown” or the “Company“) announces a proposed non-brokered private placement for aggregate gross proceeds of up to $100,000 comprised of up to 2,000,000 units at a price of $0.05 per unit (each such unit being comprised of one common share and one warrant) (the “Offering“). Each warrant will entitle the holder to purchase one common share for $0.05 at any time within 3 years after closing subject to an acceleration clause. All securities issued pursuant to this private placement will be subject to a four (4) month hold period. Completion of the Offering is subject to receipt of all required regulatory and TSX Venture Exchange approvals.

The Company intends to use the proceeds of the Private Placement for general working capital purposes.

About Crown Mining Corp.

Crown controls approximately 15 square miles of patented and unpatented federal mining claims in the Light’s Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits – Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.

The Superior and Engels Mines operated from about 1915-1930 producing over 161 million pounds of copper from over 4 million tons of rock containing 2.2% copper with silver and gold credits.

The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960’s. A Preliminary Economic Assessment Study (“PEA”), prepared by Tetra Tech Inc., had the following highlights:

  • After-tax NPV of US$179M at a 8% discount rate and a $3.15 copper price.
  • After tax IRR of 14.6%
  • Initial Capital Cost: US$513M, including a contingency provision in the amount of US$71M
  • Plant Processing Rate: 60,000 tons per day (STPD)
  • Average Copper Recovery: 86.0%
  • Mine Life: 17 years, based on the existing Mineral Resource estimate
  • Life of mine copper production of 1.5 billion pounds

Please note the PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Readers are encouraged to read the technical report when it is filed.

Further details of the PEA and the resources on Crown’s property and the parameters used to calculate them can be found in the “Technical Report and Preliminary Economic Assessment for the Moonlight Deposit, Moonlight-Superior Copper Project, California, USA” dated April 12, 2018 on both the company’s website at www.crownminingcorp.com or on www.sedar.com under the Crown Mining Corp profile.

Mr. George Cole is the Qualified Person pursuant to NI 43-101 responsible for the technical information contained in this news release, and he has reviewed and approved this news release.

For more information please see the Crown website at www.crownminingcorp.com.

For Further Information Contact:

Mr. Stephen Dunn, President, CEO and Director, Crown Mining Corporation (416) 361-2827 or email info@crownminingcorp.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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”, “plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52609

Roscan Grants Options

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Toronto, Ontario–(Newsfile Corp. – February 20, 2020) – Roscan Gold Corporation (TSXV: ROS) (“Roscan” or the “Company”) announces that it has granted an aggregate of 1,500,000 options to purchase common shares of the Company exercisable at a price of $0.17 per common share and expiring on February 19, 2025, to an officer and director of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

ABOUT ROSCAN

Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:
Nana Sangmuah
President and Chief Executive Officer
Tel: (902) 832-5555
Email: nsangmuah@roscan.ca

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52630

JZZ Technologies, Inc. Announces Axi-Senior App

New York, New York–(Newsfile Corp. – February 20, 2020) – JZZ Technologies, Inc. (OTC Pink: JZZI) today announced the introduction of its Axi-Senior app. (http://www.axisenior.com ) This app is a social media service and membership program dedicated to providing extensive services to the growing over 50 crowd.

Currently the US population age 50+ is over 120 million. This group collectively owns over 78% of the wealth in the US with an average household wealth of well over $1 million (US). This extremely important demographic is projected to grow rapidly for at least the next 30 years.

Charles Cardona, CEO, stated, “Seniors are the fastest growing users of the internet and mobile technology. Our Axi-Senior app is poised to take advantage of this highly valuable marketplace.”

Axi-Senior will include a variety of content, services and benefits important to the senior demographic. Anticipated revenues will be generated from membership subscription fees, services, products and advertising.

JZZ Technologies, Inc. is a public company which is engaged in targeted media, content and events. JZZ has recently announced a letter of intent to acquire the Lankford Media Group (https://lpmg.co) in an effort to expand market share and capabilities in the event and content areas.

JZZ also has plans to form a joint venture with Pai-Tech and intends to pursue additional acquisitions to implement its roll up and consolidation strategy in the industry. The company believes it can greatly maximize opportunities by taking advantage of synergies and business expansion with this long-term strategy.

About PAI-TECH ARTIFICIAL INTELLIGENCE LTD.:

PAI-TECH makes computers smarter through the power of intelligent bots and is revolutionizing computer software with the development of the world’s first Bot Operating System Standard (B.O.S.S.). PAI-BOSS provides a distributed operating system powered by PAI-BOTS that run advanced AI algorithms and offer real-time, autonomous and distributed solutions. The company has developed a portfolio of Intellectual Property and has filed several patents to the USPTO.

For more information, please visit: https://www.pai-tech.org

About JZZ Tech, Inc.

JZZ Technology is building a valuable audience, content and news desk capability by rolling up and consolidation struggling traditional media properties and incorporating coordinated digital pathways to increased revenues as well as leveraging the hyper local targeting abilities they possess. Combining this strategy with the technological implementation of Artificial Intelligence (AI) Blockchain technology and Intelligent Bots, we will assemble through strategic acquisitions a highly profitable business which will attract small to medium sized M&A suitors.

For more information, please visit: https://jzztech.com/

Forward-Looking Statements

This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, potential, intends, plans, hopes, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

Source: JZZ Technologies, Inc.

Visit our website for updates on projects at: https://jzztech.com

Contacts:
Media Relations
Phone :(631) 721-5334
Web: www.jzztech.com
Email: ir@jzztech.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52611

Entertainment Celebrity Looks to Expand Local Reach With Newswire’s Earned Media Advantage Guided Tour

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To help book additional corporate events and sell tickets to shows, this magician and entertainer turned to Newswire’s Earned Media Advantage Guided Tour.

New York, New York–(Newsfile Corp. – February 20, 2020) – ​​​​​​An up-and-coming entertainment celebrity specializing in magic has officially signed on with Newswire’s
Entertainment Celebrity Looks to Expands Local Reach With Newswire’s Earned Media Advantage Guided Tour

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Newswire’s Earned Media Advantage Strategists have worked across a variety of industries, entertainment being one of them. Whereas technology companies, healthcare institutions, and other B2C markets rely on brand awareness campaigns to increase overall sales, entertainment figures look to leverage the increased awareness to improve show attendance numbers, online streams, content viewership, and more. These metrics are equivalent to sales in the entertainment industries, and they are ultimately the areas that Newswire’s team members will look to improve through the Guided Tour.

“The entertainment industry almost always poses exciting challenges for our team, as we get to take a slightly different approach when it comes to distribution and outreach,” said Charlie Terenzio, Director of Earned Media Strategy.

“Whereas our customers in other B2C industries are seeking increased product sales out of the EMA GT, our entertainment-based clients are looking to increase sales in different regard. Increased brand awareness can lead to increased ticket sales, but also online streams increased advertisement revenue for their social profiles or increased merchandise sales. It’s a slightly different space that needs a ‘customerized’ approach, which we are more than happy to offer.”

Customers can now transform ‘owned’ media (press releases) into the ‘Earned Media Advantage‘. Using the right strategies, customers can lower their costs of press releases, increase the value of each release and lower paid-media costs while shortening the journey to achieve earned media mentions.

To ensure the success of the services, an expert Earned Media Advantage Strategist leads customers through the journey every step of the way. The journey is designed to empower the Earned Media Advantage by developing a plan that is based on a media communications survey that defines press release content value and distribution. Customers are also provided a media communications calendar, services to set up, operate and manage media databases, media monitoring alerts, statistical analysis, reporting and media room news collection and sharing to ensure Customer Success.

Discover How the Earned Media Advantage is Transforming Business today and learn how to compete in the industry.

About Newswire​

Newswire delivers press release and multimedia distribution software and services (SaaS) that empower the Earned Media Advantage: greater brand awareness, increased traffic, greater return on media and marketing communications spend and the competitive edge. With over a decade of experience, Newswire continues to provide its customers with the ability to deliver the right message to the right audience at the right time through the right medium.​

To learn about and experience Newswire, visit http://www.newswire.com.

Contact Information

Charlie Terenzio
Director of Earned Media Strategy
​Newswire
​Office: 813-480-3766
Email: charlie@newswire.com

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Entertainment Celebrity Looks to Expands Local Reach With Newswire’s Earned Media Advantage Guided Tour

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52577

Forescout Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Forescout Technologies, Inc. To Contact The Firm

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New York, New York–(Newsfile Corp. – February 20, 2020) – Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Forescout Technologies, Inc. (NASDAQ: FSCT) (“Forescout” or the “Company”) of the March 2, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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If you invested in Forescout stock or options between February 7, 2019 and October 9, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/FSCT. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Forescout securities between February 7, 2019 and October 9, 2019 (the “Class Period”). The case, Sayce v. Forescout Technologies, Inc. et al, No. 20-cv-00076 was filed on January 2, 2020.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) Forescout was experiencing significant volatility with respect to large deals and issues related to the timing and execution of deals in the Company’s pipeline, especially in Europe, the Middle East, and Africa (“EMEA”); (ii) the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On October 10, 2019, during pre-market hours, Forescout issued a press release announcing preliminary third quarter 2019 (“3Q19”) financial results. That press release lowered 3Q19 revenue guidance to $90.6 million to $91.6 million, compared to prior revenue guidance of $98.8 million to $101.8 million, and market consensus of $100.52 million. In explaining these results, Defendants cited “extended approval cycles which pushed several deals out of the third quarter,” which “was most pronounced in EMEA.”

On this news, Forescout’s stock fell from a closing price of $39.20 per share on October 9, 2019 to $24.57 on October 10, 2019-a $14.63 or 37.32% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Forescout’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52600