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Intelsat Shareholder Alert: Class Action Lawsuit Filed

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Boston, Massachusetts–(Newsfile Corp. – April 8, 2020) – Thornton Law Firm LLP announces that a lawsuit has been filed on behalf of investors of Intelsat S.A. (NYSE: I). Investors who purchased Intelsat securities between November 5, 2019 and November 18, 2019, that are interested to serve as a lead plaintiff are encouraged to visit https://www.tenlaw.com/cases/I. Investors may also contact Thornton Law Firm at shareholder@tenlaw.com, or call 617-531-3917. There is no minimum number of shares required to be a class member.

FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/I

Interested shareholders have until June 8, 2020 to apply to be a lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member.

Intelsat S.A. is a satellite operator that provides TV and radio communications.

The lawsuit alleges that Defendants violated the Exchange Act by selling Intelsat shares while they were in possession of material non-public information, including that Intelsat S.A. had met with the Federal Communications Commission (“FCC”) on November 5, 2019, to discuss the private sale of certain wavebands controlled by Intelsat S.A. for future “5G” use (the “C-Band”) and that the FCC opposed Intelsat S.A’s then-existing proposal, instead favoring a public auction rather over a private sale of the C-Band.

It is alleged that on November 18, 2019, after the FCC announced that it would publicly auction the C-Band that Intelsat S.A. had been wanting to sell privately, Intelsat S.A’s share price declined 40% to close at $8.03 per share.

Investors who purchased Intelsat stock (NYSE: I) are encouraged to contact the Thornton Law Firm’s shareholder rights team at http://www.tenlaw.com/cases/I, by email at shareholder@tenlaw.com, or calling 617-531-3917 to discuss the lead plaintiff process.

FOR MORE INFORMATION: https://www.tenlaw.com/cases/I

Thornton Law Firm’s securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:
Thornton Law Firm LLP
State Street Financial Center
1 Lincoln Street
Boston, MA 02111

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54281

Relay Medical Provides Update on HemoPalm Cybersecurity; Partners with Cybeats Technologies Inc.

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Toronto, Ontario–(Newsfile Corp. – April 8, 2020) – Relay Medical Corp. (CSE: RELA) (OTC: RYMDF) (FSE: EIY2) (“Relay” or the “Company“), a developer of MedTech innovation, is pleased to provide an update on cybersecurity protection on its HemoPalm Corp. devices and the collaboration with world-class cybersecurity company Cybeats Technologies Inc.

The HemoPalm device suite is being developed to bring Point-of-Care (POCT) critical diagnostics analyses to the forefront of patient care, which can be especially important when operating in settings or regions that do not have access to, or the infrastructure to support, a centralized lab. POCT can be defined as medical diagnostic testing at or near the point of patient care, without the need to transport samples to a remote location for testing.

While the interconnectivity of medical devices like the HemoPalm has the potential to greatly improve patient care and system efficiencies, there is also an increased risk of security breaches that could impact not only the safety and effectiveness of devices, but also breach patient privacy or access an institution’s local network. Relay Medical is pleased to report on a collaboration with Internet of Medical Things (IoMT) cybersecurity company Cybeats Technologies Inc. to establish protection, monitoring and auditing of cybersecurity for the HemoPalm device suite.

The Cybeats Sentinel has been incorporated into the core system of the HemoPalm-CX prototype devices and provides them with cyber threat screening and defense in-depth.

“Cybersecurity in medical devices is increasingly becoming a concern for both manufacturers and regulators as more devices and connected medical technologies make their way into the connected ecosystem. This partnership allows for unprecedented remote monitoring, auditing and resolution of cybersecurity breaches that we believe will give Relay’s clients and partners the protection and confidence they need independent of the region, infrastructure or environment they operate in,” said Yoav Raiter, CEO, Relay Medical Corp.

Unlike a firewall, which protects a network from incoming malicious attacks, the Cybeats Sentinel monitors device operations and communications from within the endpoint system. If the device attempts to act outside of the normal operation, this activity will be reported and can be addressed remotely.

The FDA and other regulatory bodies require medical devices to address cybersecurity events in a timely fashion, and then respond and contain the impact of a potential cybersecurity incident. The Cybeats Sentinel allows the HemoPalm-CX device to facilitate some of these regulatory requirements, and the Cybeats vulnerability assessment demonstrates to regulatory bodies the proper documentation.

Market – Novel Point-of-Care Diagnostics for Improved Healthcare Efficiency and Disaster Preparedness

Healthcare systems around the world have been under extreme stress, facing reduced budgets, aging populations, and a rising disease burden from cardiovascular disease, cancer, diabetes, and mental and substance-use disorders. With the addition of a healthcare crisis such as the COVID-19 pandemic, currently causing widespread pneumonia and acute respiratory distress syndrome (ARDS), the world is seeing health care systems stretched to their limits. While the current pandemic will eventually come to an end, healthcare systems will need to improve their efficiencies and disaster preparedness to handle future crises. Fortunately, novel medical devices can make healthcare more efficient, effective, and flexible.

Relay’s HemoPalm subsidiary focuses on point-of-care diagnostic testing (POCT). As we have seen through the COVID-19 pandemic, efficient and widely available diagnostic testing is critical to managing and controlling disease outbreak, triage, diagnosis, treatment, and epidemiology. As the coronavirus outbreak continues, diagnostics will also be vital to public health policy and economic management. POCT can improve the timeliness, efficiency, cost, availability, and distribution of testing. Ideally, POCT will result in the right clinical intervention at the right time while reducing resource waste such as personal protective equipment (PPE) or healthcare worker’s time. Most importantly, POCT can improve patient satisfaction and clinical outcomes.

Relay expects that the HemoPalm will be the first handheld blood gas and critical care analyte POCT device to include CO-oximetry, vital to understanding the oxygen carrying capacity of blood. Blood gas measurements are critical in the management of patients with ARDS, such as caused by the coronavirus, SARS-CoV-2. Decisions regarding a patient’s mechanical ventilation depend, in part, on assessing blood oxygenation status. By enabling blood gas analysis at the patient’s bedside with a HemoPalm device, the caregiver can have results immediately without leaving the patient’s side. This can result in more timely clinical intervention and a more efficient clinical workflow. Outside the hospital, POCT blood gas analysis also plays an important role during natural disaster response and critical patient transport.

By improving the timeliness, efficiency, and accessibility of testing, novel POCT devices like HemoPalm can have a profound effect on the preparedness of healthcare systems, enabling them to be ready for the next big healthcare challenge. A key aspect of these new devices will be improved interconnectivity and deployability where cybersecurity will become a key factor. With its collaboration with Cybeats, Relay medical is developing HemoPalm with the necessary considerations to ensure device and data integrity for healthcare systems.

About Cybeats Technologies Inc.

Cybeats delivers an integrated security platform designed to secure and protect high-valued connected devices. Cybeats’ unique approach eliminates device downtime due to cyber-attacks and allows device manufacturers to develop and maintain secure and protected devices in a timely and cost-efficient manner.

Website: www.cybeats.com

About Relay Medical Corp.

Relay Medical is a MedTech innovation Company headquartered in Toronto, Canada focused on the development of novel technologies in the diagnostics and data science sectors.

Website: www.relaymedical.com

Contact:
W. Clark Kent
President
Relay Medical Corp.
Office. 647-872-9982 ext. 2
TF. 1-844-247-6633 ext. 2
investor.relations@relaymedical.com

Bernhard Langer
EU Investor Relations
Office. +49 (0) 177 774 2314
Email: blanger@relaymedical.com

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently 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 statements are based on the opinions and estimates 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 anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for HemoPalm Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54270

Gold Springs Resource Corp., Advancing a Gold & Silver Project, CEO Clip Video

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Vancouver, British Columbia–(Newsfile Corp. – April 8, 2020) – Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) President and CEO of Gold Springs Resource, Matias Herrero, speaks about the company’s exploration and expansion of the gold and silver resources at its Gold Springs project in Nevada and Utah, USA.

Cannot view this video? Visit:
https://www.b-tv.com/gold-springs-resource-gold-silver-project-ceo-clip-90sec/

Gold Springs Resource is being featured on BNN Bloomberg on Apr 11th & 12th, 2020, throughout the day and evenings.

Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF)

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 15 top financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV – Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54279

Planet to Propose Going Private Transaction

Calgary, Alberta–(Newsfile Corp. – April 8, 2020) – – Mr. David D. Heighington, a Director of Planet Health Corp. (TSXV: PHL.H) (the “Corporation” or “Planet“), announces that its board of directors has received a proposal from 2255820 Alberta Ltd., a private company that is owned and controlled by Ronald J. Francisco, the President, CEO and a Director of Planet, in connection with a going private transaction (the “Transaction“). Mr. Francisco currently owns 86.08% of the outstanding common shares of Planet (the “Planet Shares“), held indirectly through various private companies which are wholly or partially owned and controlled by Mr. Francisco, and will not participate in the Transaction (the “Non-Participating Shareholders“). The Transaction is expected to be completed on or before June 30, 2020 (the “Effective Date“) and will involve the purchase of approximately 13.92% of Planet’s outstanding Planet Shares owned by public shareholders (“Public Shareholders“) by 2255820 Alberta Ltd. (the “Purchaser“). The net effect of the Transaction will be that Planet will not have any public shareholders. Planet plans to delist from the TSX Venture Exchange on the Effective Date and will apply to the applicable securities commissions to cease being a reporting issuer. Each Public Shareholder would receive $0.20 (the “Consideration“) in cash for each Planet Share held immediately prior to the Transaction becoming effective, representing a 25% premium from the last closing price of $0.15. The Transaction is considered a related party transaction as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI-61-101“).

Planet wishes to complete the going private transaction in order to provide its Public Shareholders with the opportunity to realize part of the value for their Planet Shares, having regard to the fact that Planet has had no active business since listing on the NEX board of the TSX Venture Exchange in 2012, the current weakness in global equity markets, the significant cost of maintaining a public listing, and the Shares are thinly traded. The last three trades were on March 12, 2020 for 1,800 Planet Shares at a price of $0.15 per Planet Share, March 10, 2020 for 1,260 Planet Shares at a price of $0.15 per Planet Share, and March 3, 2020 for 870 Planet Shares at a price of $0.20 per Planet Share. In addition, as noted in Planet’s interim financial statements for the period ended December 31, 2019 (available for review on www.sedar.com), Planet is dependent upon Mr. Francisco to fund operating expenditures in order to continue operations and maintain its listing on the TSXV. Mr. Francisco has advised Planet that he will not provide any future financial support and accordingly the independent directors of Planet believe the Transaction is in the best interest of the company and all stakeholders.

There are currently 3,466,482 voting common shares of Planet issued and outstanding. After completion of the Transaction, the Purchaser and the Non-Participating Shareholders will hold all of the outstanding voting common shares. The Transaction is a going-private transaction and is structured as a Plan of Arrangement under Section 193(1) of the Business Corporations Act (Alberta), and the Transaction is subject to court approval. The Transaction is also subject to shareholder approval by 2/3rds of the voting common shares voted at a Special Meeting (the “Meeting“) of the Corporation to be held before the end of June 2020, and by the approval of a majority of the votes cast by minority shareholders at the Meeting pursuant to the requirements of MI-61-101. The votes of the Purchaser and Non-Participating Shareholders will be included in the 2/3rds corporate approval but not in the approval by the “majority of the minority” pursuant to MI 61-101. If approved at the Meeting, Planet expects the Transaction to be effective on or before June 30, 2020 (the “Effective Date“).

The Board has received a valuation from chartered business valuators Evans & Evans, Inc. (the “Valuation“) in connection with the Transaction. On the basis of its review, including the Valuation which set a valuation of $0.00 on the Planet Shares, the independent Board members have unanimously resolved to recommend to holders of the Planet Shares to vote in favor of the Transaction, which is a significant premium to the Valuation and the last share price of $0.15. The Valuation and all supporting analysis and conclusions, from a financial point of view, of the Consideration to the Public Shareholders, will be included in Planet’s management information circular for the Meeting, a copy of which will be mailed to each Planet shareholder and will also be available under Planet’s profile at www.sedar.com.

The Transaction is subject to the following conditions:

  • execution of a definitive agreement,

  • completion of financing of the purchase price by the Purchaser;

  • dissent rights not being exercised with respect to more than 5% of Planet Shares;

  • Non-Participating Shareholders entering into release agreements with Planet and the Purchaser;

  • court and Planet shareholder approval; and

  • completion by June 30, 2020, or such later date agreed to amongst the parties.

The going private transaction will also eliminate the burden of continuing as a reporting issuer, which has been indirectly funded by loans to Planet from Mr. Francisco since 2012 totaling $654,564. Under applicable securities laws a broad range of regulatory obligations are imposed on companies, such as Planet, with public shareholders, including the provision of quarterly financial statements and information to shareholders, mandatory solicitation of proxies for annual meetings, increased insurance costs, transfer agent and stock exchange fees and compliance cost, and shareholder communication costs. These regulatory requirements necessitate the employment of independent accountants, financial consultants, printers, lawyers and other skilled personnel. Planet believes that the present and anticipated time and costs entailed in meeting the additional disclosure and other regulatory obligations to which public companies are subject cannot be justified in view of Planet’s present business strategy, including it having a limited number of public shareholders and the fact that Mr. Francisco has been the sole source of funding for many years and no longer wishes to lend further money to Planet.

For further information, please contact:

Planet Health Corp.
David D. Heighington, Director
Suite 1150, 707 – 7 Avenue SW
Calgary, Alberta T2P 3H6
Phone: (403) 237-0018

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.

Caution Regarding Forward-Looking Information Forward-looking statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to (i) the Corporation’s plan to not have any Public Shareholders; (ii) the Corporation’s plan to de-list from the TSX Venture Exchange; (iii) the Corporation’s plan to apply to cease being a reporting issuer; (iv) expectations regarding the Consideration to be paid to the Public Shareholders; and (v) expectations about the Transaction’s Effective Date. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Transaction is subject to several conditions including (i) respective board approval from the parties; (ii) dissent rights not being exercised with respect to more than 5% of the Planet Shares; (iii) Non-Participating Shareholders entering into release agreements with Planet and the Purchaser; (iv) court and Planet shareholder approval; and (v) completion of the Transaction by June 30, 2020.

There is no guarantee all of these conditions will be satisfied. If any of the conditions to the Transaction are not satisfied, the Transaction may not be completed. Readers should not assume that any or all of the conditions will be met or that the Transaction will be completed by the target date. Readers are cautioned that the assumptions used in the preparation, may prove to be imprecise and, as such, undue reliance should not be placed on the forward-looking statements. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.

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/54280

Talon Drilling Update: Talon Intersects 7.14 Meters (23.4 Feet) of Mixed Massive Sulphides at the Tamarack Project

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Road Town, Tortola, British Virgin Islands–(Newsfile Corp. – April 8, 2020) – Talon Metals Corp. (TSX: TLO) (“Talon” or the “Company”) is pleased to announce that 7.14 meters (23.4 feet) of Mixed Massive Sulphides (“MMS”) has been intersected at the Tamarack Nickel-Copper-Cobalt project (“Tamarack Project”), located in Minnesota, USA. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project.

Highlights:

  • 7.14 meters (23.4 feet) of MMS has been intersected and logged in new drill hole 12TK0153C starting at 578.45 meters (see Figure 1).
  • An additional 115 meters (378 feet) of Mixed Zone mineralization (“MZNO”) has also been intersected and logged above this MMS intercept, starting at 429.5 meters.
  • The Company has also identified the possible extension of the high-grade Massive Sulphide Unit (“MSU”) outside of the Company’s resource area, 55 meters to the east of previous drill hole 13TK0171 (see Figure 2).

FIGURE 1: DRILL CORE FROM DRILL HOLE 12TK0153C: PHOTO FROM ~581 METERS TO ~589 METERS

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2443/54278_f8a967ec2440196c_002full.jpg

“Our winter 2020 drill program has now been successfully completed, and we believe the results are fantastic”, said Henri van Rooyen, CEO of Talon. “Today’s announcement includes three new positive developments – (1) intersecting 7.14 meters (23.4 feet) of mixed massive sulphides (with assays pending); (2) intersecting an additional 115 meters (378 feet) of Mixed Zone mineralization (with assays pending); and (3) identifying a possible extension of our high-grade Massive Sulphide Unit outside of the resource area.”

“We believe that this drill program reiterates to the market that the Tamarack Project is a high-quality, high-grade project that is well positioned to deliver additional shareholder value as the project further progresses. We look forward to sharing the results of the outstanding assays once they are received,” said Sean Werger, President of Talon.

FIGURE 2: PLAN VIEW OF THE SOUTHERN PORTION OF THE HIGH-GRADE MASSIVE SULPHIDE UNIT WITHIN THE TAMARACK ZONE BELOW THE 138 ZONE. THE MAP SHOWS THE LOCATION OF NEW DRILL HOLES 12TK0153C, 12TK0153B AND PREVIOUS DRILL HOLE 14TK0206, AND THEIR LOCATION RELATIVE TO PREVIOUS DRILL HOLES 12TK0153 AND 13TK0171

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2443/54278_f8a967ec2440196c_004.jpg

Drill Hole: Objective, Design and Results

The primary objective of drill hole 12TK0153C was to test continuity of the high-grade Massive Sulphide Unit (“MSU“) between previous drill holes 12TK153 and 13TK0171, with the distance in between these drill holes being approximately 50 meters (164 feet) (see Figure 3). Drill hole 12TK0153 intersected 12.19 meters (40 feet) of MMS grading 6.85% Ni, 3.02% Cu, 0.12% Co, 0.50 g/t Pd, 0.49 g/t Pt and 0.12 g/t Au (8.38% NiEq1) starting at 555.86 meters, and drill hole 13TK0171 intersected 7.34 meters (24.1 feet) of MMS grading 8.3% Ni, 2.95% Cu, 0.15% Co, 0.93 g/t PGEs and 0.19 g/t Au (9.81% NiEq) starting at 573.3 meters.

Drill hole 12TK0153C was designed to intercept the MMS hosted in the sediment wedge which is found between the Fine Grained Orthocumulate/Mixed Zone and Coarse Grained Orthocumulate. The lithological sequence was predicted to be similar to previous drill holes 12TK0153 and 12TK0171.

As a result, drill hole 12TK0153C successfully intersected 7.14 meters (23.4 feet) of MMS at the predicted elevation (starting at 578.45 meters), approximately 30 meters (98 feet) to the east of drill hole 12TK0153 and 20 meters (66 feet) to the west of drill hole 13TK0171.

The primary objective of drill hole 12TK0153B was to test the edge of a Borehole Electromagnetic (“BHEM”) anomaly from previous drill hole 12TK0153 that extended beyond the northern edge of the Company’s resource area. Drill hole 12TK0153B was drilled approximately two meters north of the Company’s resource area and did not intersect significant mineralization; however, a BHEM survey conducted on 12TK0153B identified a strong off-hole BHEM anomaly to the south back towards drill hole 12TK0153 where the Company’s resource area is located.

With respect to drill hole 12TK0153C, assays for the observed MMS intercept of 7.14 meters (23.4 feet) and the MZNO mineralization intercept of 115 meters (378 feet) above the MMS intercept are still pending.

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FIGURE 3. LONG SECTIONS LOOKING SOUTH. SOUTHERN PORTION OF THE TAMARACK ZONE HIGH-GRADE MASSIVE SULPHIDE UNIT BELOW THE 138 ZONE. SECTION SHOW THE POSITION OF HOLE 12TK0153C WITH RESPECT TO 13TK0171 AND 12TK0153.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2443/54278_f8a967ec2440196c_005full.jpg

Geophysical Survey Results

During the Company’s winter 2020 exploration program, the Company has been testing different geophysical methods to try and extend the high-grade MSU. The results of one of the BHEM surveys has identified three stacked BHEM anomalies south of drill hole 14TK0206 (see Figure 2) at a depth of 575 meters to 600 meters. This depth corresponds to the depth of the high-grade MSU in previous drill holes 12TK0153C and 13TK0171. The BHEM anomaly corresponds to a 55 meter step-out from hole 13TK0171 and could represent the down plunge continuation of the high-grade MSU.

We look forward to providing further results from assays and geophysical data processing and interpretation when these become available.

Quality Assurance, Quality Control and Qualified Persons

Please see the technical report entitled “NI 43-101 Technical Report Updated Preliminary Economic Assessment (PEA) of the Tamarack North Project – Tamarack, Minnesota” with an effective date of March 12, 2020 prepared by independent “Qualified Persons” (as that term is defined in National Instrument 43-101 (“NI 43-101”) Leslie Correia (Pr. Eng), Andre-Francois Gravel (P. Eng.), Tim Fletcher (P. Eng.), Daniel Gagnon (P. Eng.), David Ritchie (P. Eng.), Oliver Peters (P. Eng.), Christine Pint (P.G.) and Brian Thomas (P. Geo.) for information on the QA/QC, analytical and testing procedures at the Tamarack Project. Copies are available on the Company’s website (www.talonmetals.com) or on SEDAR at (www.sedar.com). The laboratory used is ALS Minerals who is independent of the Company.

Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company.

The locations and distances highlighted on all maps in this news release are approximate.

Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.

About Talon

Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an earn-in right to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside of the current resource area. Talon is focussed on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry. Talon has a well-qualified mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger, President
Email:
werger@talonmetals.com
Telephone:
416-361-9636

Forward-Looking Statements

This news release contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the possible extension of the high-grade MSU outside of the Company’s resource area, the timing and results of the exploration program, including assay results, geophysical data processing and interpretation and the ability to deliver additional shareholder value as the project further progresses. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Table 1: Collar Locations for Drill Holes Mentioned in Press Release

HOLE ID Easting (m) Northing (m) Elevation (masl) Wedge depth (m) Azm Dip End Depth
(m)
12TK0153 490982 5168405 388.36 161.1 -82.3 683.67
12TK0153C 490982 5168405 388.36 362.0 153.4 -83.6 603.00
12TK0153B 490982 5168405 388.36 338.0 179.6 -82.5 600.47
13TK0171 491049 5168348 388.73 157.4 -89.7 641.91

Collar coordinates are UTM Zone 15N, NAD83.
Azimuth and Dip are downhole survey averages for the hole.
For daughter holes; collar coordinates and elevations are same as mother hole; approximate wedge depth given; azimith and dip are the survey averages below the wedge.

____________________________

1Where used in this news release NiEq% = Ni%+ Cu% x $3.00/$8.00 + Co% x $12.00/$8.00 + Pt [g/t]/31.103 x $1,300/$8.00/22.04 + Pd [g/t]/31.103 x $700/$8.00/22.04 + Au [g/t]/31.103 x $1,200/$8.00/22.04

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54278

CSE Bulletin: Name and Symbol Change – Cultivar Holdings Inc. (CULT)

Toronto, Ontario–(Newsfile Corp. – Le 8 avril/April 2020) – Cultivar Holdings Inc. has announced a name and symbol change to Predictmedix Inc. (PMED).

Shares will begin trading under the new name and symbol on April 9, 2020.

Disclosure documents are available at www.thecse.com

Please note that all open orders will be cancelled at the end of business on April 8, 2020. Dealers are reminded to re-enter their orders.

_________________________________

Cultivar Holdings Inc. a annoncé un changement de nom et de symbole pour Predictmedix Inc. (PMED).

Les actions commenceront à être négociées sous le nouveau nom et le nouveau symbole le 9 avril 2020.

Les documents de divulgation sont disponibles sur www.thecse.com

Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 8 avril 2020. Nous rappelons aux concessionnaires de ressaisir leurs commandes.

Effective Date/ Date effective :

Le 9 avril/April 2020

New Symbol/ Nouveau symbole :

PMED

New CUSIP/ Nouveau CUSIP :

74040L100

New ISIN/ Nouveau ISIN :

CA74040L1004

Old/Vieux CUSIP & ISIN :

230268104CA2302681044

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

CSE Bulletin: Delist – Global Gaming Technologies Corp. (GGAM.U)

Toronto, Ontario–(Newsfile Corp. – le 8 avril/April 2020) – The common shares of Global Gaming Technologies Corp. will be delisted at the market close on April 8, 2020.

Global Gaming Technologies is currently suspended. See bulletin 2020-0107.

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Les actions ordinaires de Global Gaming Technologies Corp. seront radiées de la cote à la clôture du marché le 8 avril 2020.

Global Gaming Technologies est actuellement suspendu. Voir le bulletin 2020-0107.

Date: Market Close/Clôture du marchés le 8 avril/April 2020
Symbol(s)/Symbole(s): GGAM.U

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

CSE Bulletin: New Listing – JNC Resources Inc. (JNC)

Toronto, Ontario–(Newsfile Corp. – le 8 avril/April 2020) – The common shares of JNC Resources Inc., have been approved for listing on the CSE.

Listing and disclosure documents will be available at www.thecse.com on the trading date.

JNC Resources is a Canadian based Junior Venture mining exploration company. Our goal is to develop under-explored properties, benefit from deal flow generated by our strategic partnerships and growth opportunities. Currently JNC is developing our 100% optioned project in South Central British Columbia. The Triple 9 project is a Gold property with a new discovery of high levels of base metals, located 20 km’s outside the town of Sicamous. The area is a mining friendly region within a short distance to numerous industrial based cities with an eager work force and equipment and is only a short drive from our home base in Vancouver.

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L’inscription à la cote du CSE des actions ordinaires de JNC Resources Inc. a été approuvée.

Les documents d’inscription et de divulgation seront disponibles sur www.thecse.com à la date de négociation.

JNC Resources est une société canadienne d’exploration minière Junior Venture. Notre objectif est de développer des propriétés sous-explorées, de bénéficier du flux d’affaires généré par nos partenariats stratégiques et nos opportunités de croissance. Actuellement, JNC développe notre projet à 100% optionnel dans le centre-sud de la Colombie-Britannique. Le projet Triple 9 est une propriété aurifère avec une nouvelle découverte de niveaux élevés de métaux de base, situé à 20 km à l’extérieur de la ville de Sicamous. La région est une région propice à l’exploitation minière à une courte distance de nombreuses villes industrielles avec une main-d’œuvre et de l’équipement désireux et n’est qu’à une courte distance en voiture de notre base d’attache à Vancouver.

Issuer/Émetteur: JNC Resources Inc.
Security Type/Titre: Common Shares/Actions ordinaires
Symbol(s)/Symbole(s): JNC

Number of securities issued and outstanding/ Titres émis et en circulation:

19 183 000
Number of Securities reserved for issuance/ Titres réservés pour émission: 13 303 300
CSE Sector/Catégorie: Mining/Minier
CUSIP: 47761A 10 7
ISIN: CA 47761A 10 7 5
Boardlot/Quotité: 500
IPO Price/Prix: $0.10/0,10 $
Agent: Mackie Research Capital Corporation
Trading Currency/Monnaie de négociation: CDN$/$CDN
Listing Date/Date de l’inscription: Le 9 avril/April 2020
Trading Date/Date de negociation: Le 14 avril/April 2020
Other Exchanges/Autres marches: N/A
Fiscal Year end/Clôture de l’exercice financier: Le 31 décembre/December
Transfer Agent/Agent des transferts: Odyssey Trust Company

The Exchange is accepting Market Maker applications for JNC. Please email: Trading@theCSE.com

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

CSE Bulletin: Delist – Metaverse Capital Corp. (FORK)

Toronto, Ontario–(Newsfile Corp. –le 8 avril/April 2020) -The common shares of Metaverse Capital Corp. will be delisted at the market close on April 8, 2020.

Metaverse Capital is currently suspended. See bulletin 2020-0108.

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Les actions ordinaires de Metaverse Capital Corp. seront radiées de la cote à la clôture du marché le 8 avril 2020.

Metaverse Capital est actuellement suspendu. Voir le bulletin 2020-0108.

Date: Market Close/Clôture du marchés le 8 avril/April 2020
Symbol(s)/Symbole(s): FORK

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

AJN Resources Inc. Announces Update of the $1,256,115 Convertible Debenture Financing

Vancouver, British Columbia–(Newsfile Corp. – April 8, 2020) – AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (“AJN”) is pleased to provide the following update for the Convertible Debenture financing announced February 6, 2020. The Convertible Debenture Subscription Agreement has been completed by Neo Gold Limited. Through the Convertible Debenture financing AJN will raise $1,256,115 and issue 12.56115 Convertible Debentures. Neo Gold Limited has advised AJN that the funds will be wired next week. The funds will be used for general working capital.

The Convertible Debentures will be dated as of their date of issue and will mature on the date which is three (3) years from such date (“Maturity”) and bear simple interest of 2.5% per annum. The Convertible Debentures will be issuable only as fully registered Convertible Debentures in denominations of $100,000 and integral multiples thereof.

The Convertible Debentures will be convertible at the holder’s option into fully paid and non-assessable common shares (“Shares”) in the capital of AJN at a base conversion price of $0.40 per Share, being a rate of 250,000 Shares for each C$100,000 principal amount of Convertible Debentures (subject to adjustment as stipulated herein). The election to convert the Convertible Debentures to Shares may be made during the period from the date of issue to Maturity of the Convertible Debentures

  • by the holder at any time; and
  • by the Issuer, at any time after
    • the closing price on the Canadian Securities Exchange of the Issuer’s common shares has been equal to or greater than $2.00 per common share for a period of fifteen (15) consecutive trading days; and
    • two (2) years have elapsed from the date of issue of the Convertible Debentures.

Upon closing of the financing AJN will appoint Mr. Sik Lap (Jacky) Chan to the Board of Directors and Mr. King Sun (Jerry) Tsang as Financial Manager.

Mr. Sik Lap (Jacky) Chan, BSc (Hon), MPhil, MAusIMM, MAIG

Mr. Chan is a professional geologist and valuer with more than 12-year experience in the mining industry. He has been involved in the planning, implementation and supervision of various exploration programs, resources/reserve estimation, open pit and underground production, feasibility studies, JORC report compilation, Engineering/Procurement/Construction (EPC)/ Management, valuation and listing preparation for mineral assets in different stock exchanges. The projects he has handled are across a number of commodities with locations in Australia, China, North America, Central and South-East Asia.

Mr. Chan has held senior management positions in diverse international exploration and mining companies providing him experience in corporate management, government liaisons, business development and environmental, health and safety. He has also undertaken a number of senior executive roles with mining consulting and valuation companies. Mr. Chan obtained his Bachelor of Science degree with first class honors in the Department of Earth Sciences from the University of Hong Kong in 2004. He subsequently obtained a Masters in Philosophy and lectured, both at the University of Hong Kong from 2013 to 2014.

Mr King Sun (Jerry) Tsang

Mr King Sun (Jerry) Tsang is currently an Executive Director and the Chief Financial Officer of Code Agriculture (Holdings) Limited (HKSE:08153) and the Chief Financial Officer and Company Secretary of China Cloud Copper Company Limited (HKSE:00033). Mr Tsang is a Certified Public Accountant in Hong Kong and his qualifications include Juris Doctor (JD) and Bachelor of Business Administration (Accounting and Finance). Mr Tsang brings to AJN extensive capital markets and financial experience.

About Neo Gold Limited

Neo Gold Limited is a private equity investment company under Amber Hill Capital Limited which is a multi-national fund that is headquartered in Hong Kong and focuses on financial services, insurance, mineral exploration and production. Amber Hill has a number of noteworthy investments, including Amani Gold Limited, an exploration company which owns a multi-million ounce gold deposit in the Democratic Republic of Congo, China Cloud Copper Company Limited (HKSE:0033) which focus on metal production exporting business and credit guarantee, and Target Insurance Holdings Limited (HKSE:6161) which focuses on insurance business. For further information please visit: https://en.amberhillgroup.com/

About AJN Resources Inc.

AJN is a junior exploration company. AJN’s management and directors possess over 75 years of collective industry experience and have been very successful from exploration, to financing, to developing major mines throughout the world with a focus on Africa and especially the DRC.

For further information, please contact Investor Relations:

Sheena Eckhof
Director, Investor Relations
sheena@eckhofconsulting.com

Visit us at www.ajnresources.com Tel: (778) 218-9638

On Behalf of the Board of Directors

Klaus Eckhof
CEO and President
klauseckhof@monaco.mc

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54272