Search Blog
July 2018
« Jun    


American Lithium Updates Activities at 22,323 Acre FLV Nevada Prospect

Vancouver, British Colimbia–(Newsfile Corp. – July 16, 2018) – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE: 5LA) (WKN: A2AHEL) (“American Lithium” or the “Company”), a company focused on the discovery and development of lithium in the Americas, is pleased to provide its stakeholders with the following corporate update.

The Company’s primary asset is its wholly owned FLV Project, located in Fish Lake Valley, Nevada, and consists of 22,332 acres of mineral claims highly prospective for lithium in brines, clays and claystones. Since 2016, American Lithium has been extensively engaged in the early exploration and evaluation of the FLV Project. A resurgence of interest in domestic US lithium production and increasingly cost-effective development methods, are bringing increased interest in the region’s production potential. As a result, the Company is stepping up development at the FLV Project.

In early 2018, management completed a $4.2 million financing to fund continued exploration and development of the FLV Project. Subsequent to the financing, the Company acquired an additional 3,575-acre parcel in the valley, the Gap-Lode Project, comprising 167 claims, contiguous to the FLV Project, and particularly prospective for lithium deposits in the resident claystones throughout the claim area.


  • Fully funded to complete an upcoming drill program on Fish Lake Valley lithium brine targets;
  • Land holdings increased to 22,332 acres following the acquisition of additional claystone prospective ground within the basin;
  • Ongoing surface mapping and sampling indicating lithium clay stone targets more widespread;
  • Strong interest in Fish Lake Valley due to neighboring $550 million Rhyolite Ridge project generating broad attention;
  • US Government establishes lithium as a strategic metal, emphasizing the importance of domestic supply.

The valley’s prospectivity for lithium and boron is well known since mining began there in the 1880s. Surging lithium demand and rising prices, along with recent strategic metal status being declared by the US Government and breakthroughs in lithium processing methods, have intensified investment focus onto US domestic lithium production. Principal among the Fish Lake Valley lithium deposits under evaluation are lithium claystones, such as the Rhyolite Ridge project undertaken by Global Geosciences Corp., which adjoins the FLV Project, and is responsible for Global Geosciences’ $550 million market cap.

To date, American Lithium’s exploration at the FLV Project includes:

  • drilled 200 shallow auger holes with results up to 300 ppm lithium in the brines;
  • sampled over 1000 ppm lithium in the surface playa sediments;
  • drilled 4 deeper boreholes, up to 490 feet, with increasing salinity;
  • developed and updated a detailed basin model based on over 2000 gravity stations;
  • integrated historical drilling by Lithium Corp, US Borax and Fish Lake geothermal into the model;

Information garnered from this early work has led the Company to model two potential lithium brine pools in the FLV basin. In addition, the lithium rich claystones on the benches of Global Geoscience, present as outcrops on the east, west and north flanks of the Company’s ground. Based on this information and a proprietary detailed geologic model, American Lithium is presently:

  • trenching, logging and mapping the lithium Claystone outcrops;
  • preparing to drill two to three 2000 foot stratigraphic drill holes in summer 2018;
  • preparing to complete a 12 mile 2D seismic and geophysics program;
  • investigating and negotiating water rights and geothermal workings;

In June, the Company began an integrated geologic and geochemical study of the Gap-Lode project to identify and prioritize target zones for auger sampling, trenching and drilling. Presently, Company field crews are onsite surface trenching and mapping the extent of outcropping lithium claystones.

The technical information within this news release has been reviewed and approved by Michael Collins, P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.

In related news, American Lithium Corp. has recently updated its website and invites investors to become more familiar with its affairs by viewing the site at, or contact us directly at

On behalf of the Board,

American Lithium Corp.
Michael Kobler, Chief Executive Officer

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

Forward-looking statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, 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 information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium’s most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

CSE New Listing – Quizam Media Corporation Commences Trading on the Canadian Securities Exchange – Video News Alert on

Vancouver, British Columbia–(Newsfile Corp. – July 16, 2018) – Quizam Media Corporation (CSE: QQ) is the latest new listing on the Canadian Securities Exchange and is in the process of de-listing from the TSX Venture Exchange. Quizam Media produces high quality Media for streaming on the Internet.

InvestmentPitch Media has produced a “video” which provides a brief overview of the company. If this link is not enabled, please visit and enter “Quizam” the search box.

Cannot view this video? Visit:

The company is led by CEO Russ Rossi, who initially founded On-Track Corporate Training Ltd, which quickly grew into a multi-national corporate computer training organization and is the only Canadian corporate computer training company in Canada to achieve international stature.

Through the Quizam Group of Companies, Quizam produces and acquires content for both entertainment and corporate education. Entertainment content includes feature films, documentaries and web-episodes, with educational content including IT, graphic and soft skill training.

OnTrackTV is a cloud based learning platform that delivers world class video learning online while simultaneously tracking and documenting learning. Intended for corporations who need to ensure proper rollout and utilization of training, all of the learning is broken down into 3 minute videos delivered by an experienced instructor who delivers the learning content and enhances key points with graphics and computer generated imagery. On-Track has provided content to many of the leading global corporate firms including Telus, Chase Manhattan Bank, Air Canada, and Coca Cola.

Quizam recently signed up Davidson and Company, one of Vancouver’s largest accounting firms, as an ontrackTV customer. Davidson and Company’s managing partner, Grant Block, stated “ontrackTV is Super, Simple and Slick. Our team can learn anywhere, anytime and at any pace. I literally mastered Excel 2016 by viewing the battery of 3 minute videos over a couple of weeks. Love it!

For more information, please visit the company’s website, contact Russ Rossi, CEO, at 604-683-0020, or email

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.


InvestmentPitch Media
Barry Morgan, CFO

Primary Cobalt Corp. and Exco Mining (Spain) Announce Results of Grab Samples from Past Producing Projects

Primary Cobalt Corp. and Exco Mining (Spain) Announce Results of Grab Samples from Past Producing Projects

A sample from a mineralized dyke in the serie assayed up to 996g of silver per ton

Vancouver, British Columbia (FSCwire)Primary Cobalt Corp. (CSE – Prim) (“Primary” or the “Company”) is please to announce the results of grab samples taken during May 2018 due diligence site visits. The samples were taken from the Cobalt, Copper, Silver, Lead, Nickel and Manganese projects, inside one of the galleries on its Buran permit permits in Almeria and from the waste dumps of old cobalt mines located within the Beatriz permit in Granada province in southern Spain.

Daniel Porras, Dipl.-Geol, member European Federation of Geologists (“EFG”) who is a Qualified Person as defined under National Instrument 43-101, supervised the collection of the samples (Buran Sample). The samples were submitted to ALS Minerals in Seville, Spain for analysis. The samples were crushed, split, a portion was pulverized and a one-gram aliquot analyzed by ALS Chemex method ME-MS61 (48 elements, including Si, Cu, Pb, four-acid ICP-MS). Some relevant results among others are summarized in the table below, in grey colour the anomalous values:



Ag (ppm)

Co (ppm)

Cu (ppm)

Mo (ppm)

Ni (ppm)

Pb (ppm)

Zn (ppm)



























































































The main target pursued in these projects is the cobalt minerals and typical paragenesis (Ag, Cu, Ni and others) and although in the Buran project it was not possible to get access to the cobalt rich samples in the old galleries, it were found very interesting mineralizations with high molybdenum contents and overall a massive dike that shows silver at 968ppm (0.0968 %), content of 1%/kg per ton, 1.5% Copper and 20% Lead,. Regarding Beatriz project, the high cobalt contents found in the samples with important contents in nickel and copper makes also very relevant and encouraging the results obtained. The grab samples are selected samples and may not be representative of the mineralization hosted on the property. On July 11, 2018 London Metal Exchange (LME) quoted, Silver at $15.80/oz, Copper at $2.78/lb and Lead at $1.00/lb.

Buran and Beatriz Projects, Andalucia, South-South East Spain

Historic Highlights

  • The mineralization is enriched in several elements (Co-Ni-Ag-Se-As-Hg) that entry into the category of RSE (redox-sensitive elements). The mineralization is stratified with high TOC dolomites affected by thrusts, a Mississippy Valley-type origin can be extrapolated for this deposit, with the origin of the metals in the washing of marine series or from the mafic intercalations into the series, with the carbonate/dolomite formations as a “reducing trap” for mineralization.
  • The concentrations of primary cobalt minerals are important and with further exploration to determine to their regional extension. This type of deposit can be very widespread in Betica, and could also concentrate elements of the platinum group. It is quite similar to the D.R.C. mineralizations.

References: Algunos minerales característicos de la Provincia de Granada ,Arana R. Boletin de la Sociedad Española de Mineralogía 2, Investigaciones Mineralógicas en Sierra Nevada(Cordilleras Béticas. España) – TESIS DOCTORAL Universidad de Granada Arana R. Monografía sobre recursos minerales de cobalto en España, Rubio Navas J. IGME (Instituto Geológico y Minero de España)

Pat Morris, President of Primary, said, “The analytical results from this sampling program will assist us in identifying potential target areas for core drilling during our exploration program. The unexpected high contents in other important elements are very encouraging and speak to the potential upside in our search for these critical energy metals.”

The technical information contained in this news release has been reviewed and approved by Daniel Porras, Dipl.-Geol, member European Federation of Geologists (“EFG”) who is a Qualified Person as defined under National Instrument 43-101.

About Primary

PRIMARY COBALT CORP. (CSE: PRIM) is a listed junior exploration company and is engaged in the business of acquiring, exploring and developing ethically sourced Cobalt, Copper, Nickel and Vanadium focussed mineral resource properties to create value for its shareholders.

ACQUISITION FOCUS – Other projects Primary is investigating are in the clean energy sector. In this sector, the Company if focused specifically upon exploration opportunities to source green energy power minerals for use in battery production. Primary’s interests in this sector are guided by the following:

  • Identifying opportunities in regions that are conducive to mining due to the regulatory nature of the government with existing infrastructure.
  • Identifying opportunities in geographical locations that provide easy access large markets for these metals.
  • Identifying opportunities with locations with existing mine shafts.


/s/ Patrick Morris

Patrick Morris, CEO

Telephone: +1 778-735-1000


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

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. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. 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 forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

To view the original release, please click

Maximum News Dissemination by FSCwire.

Copyright © 2018 FSCwire

Social Life Network, Inc. Announces Uplisting to OTCQB Market

By Social Life Network, Inc.

DENVER, CO / ACCESSWIRE / July 16, 2018 / Social Life Network, Inc. (OTCQB: WDLF), a cloud-based social media and social network technology company based in Denver, Colorado, today announced that the company has commenced trading on the OTCQB Market (“OTCQB”) after successfully uplisting from the OTC Pink Market.

“Uplisting to a larger exchange represents a significant accomplishment and an important corporate milestone for Social Life Network,” stated Mr. Ken Tapp, Chief Executive Officer. ”We are confident that the move will provide us access to a larger investor audience, greater access to capital and provide increased visibility in the marketplace. We look forward to announcing additional achievments, as we continue to strive to establish ourselves as a recognized name in the industry of social media and social networking services.”

The OTCQB is considered by the SEC as an “established public market” for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker-dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker-dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.

About Social Life Network, Inc.

Social Life Network is an American for-profit corporation and an online social media and social networking service, based in Denver Colorado. The founders initially launched their social network platform in the emerging cannabis and hemp industry in 2013, but have expanded it to meet the growing demand for niche social networking in the real estate industry and a number of sports verticals.


This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.


Investor Relations

SOURCE: Social Life Network, Inc.

ReleaseID: 505301

Nemus Bioscience Discusses Pre-Clinical Developments and Target Indications in New SNNLive Video Interview with


LOS ANGELES, CA / ACCESSWIRE / July 16, 2018 /, The Official MicroCap News Source™, today published an SNNLive Video Interview with Dr. Brian Murphy, MD, MPH, MBA, CEO/CMO of NEMUS Bioscience, Inc. (OTCQB: NMUS), focused on the development of cannabinoid-based therapeutics to address global medical indications, especially those of unmet medical need, according to the company’s website (see here: The video interview was recorded on Monday, June 4, 2018 at the LD Micro Invitational 2018 in Bel Air, CA.

Click the following link to watch the SNNLive Video Interview on

Nemus Bioscience, Inc. – Focused on the Discovery, Development and Commercialization of Cannabinoid-based Therapeutics


Please review important disclosures on our website at:

About Nemus Bioscience, Inc.

The Company is a biopharmaceutical company, headquartered in Long Beach, California, focused on the discovery, development, and commercialization of cannabinoid-based therapeutics for significant unmet medical needs in global markets. Utilizing certain proprietary technology licensed from the University of Mississippi, Nemus is working to develop novel ways to deliver cannabinoid-based drugs for specific indications, with the aim of optimizing the clinical effects of such drugs, while limiting potential adverse events. Nemus’ strategy is to explore the use of synthetic compounds, alone or in combination with partners. The Company is led by a highly qualified team of executives with decades of biopharmaceutical experience and significant background in early-stage drug development.

For more information, visit

About is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community. is a multimedia destination hub for information about microcap and emerging growth public and private companies, market events, news, bulletins, stock quotes, expert commentary and company profiles that feature SNN-produced video like SNNLive CEO video interviews, as well as their latest news and headlines. Users can engage directly and share the information provided through social media.

Follow the companies YOU want to know more about; read and watch content from YOUR favorite microcap, emerging growth financial experts; register to attend financial conferences of YOUR choosing; find microcap and emerging growth financial professionals that YOU may be looking for – all here on


ReleaseID: 505393

Global Digital Solutions Inc. Completes All Required SEC filings; Regains Current Status on OTC Markets

By Global Digital Solutions, Inc.

WEST PALM BEACH, FL / ACCESSWIRE / July 16, 2018 / Global Digital Solutions, Inc. (OTC PINK: GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, has announced it has completed its overdue filings for 2015-2018 and has regained current status on OTC Markets.

The Company completed the following required filings:

– 2015 Form 10K
– 2016 Forms 10Q for 1st, 2nd, and 3rd Quarter and Form 10K for year ended 12/31/2016.
– 2017 Forms 10Q for 1st, 2nd, and 3rd Quarter and Form 10K for year ended 12/31/2017.
– 2018 Form 10Q for 1st Quarter.

William J. Delgado, GDSI’s CEO, commented “These financials were, by a wide margin, some of the most difficult filings I have ever undertaken. Our management team and consultants did a fantastic job in getting these filings completed. This critical step allows us to be current on OTC Markets and shows the financial community our commitment to our shareholders and other stakeholders. I expect to announce more news shortly about future plans and other significant milestones that we will have completed.”

About Global Digital Solutions, Inc.

Global Digital Solutions, Inc. (OTC PINK: GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, has initiated a lawsuit for damages against Grupo Rontan Metalurgica, S. A, (“Rontan”) and that company’s controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan. The Company has engaged the law firm of Boies Schiller Flexner LLP to represent it in this action. The case will be handled by William Isaacson of the firm’s Washington office and Carlos Sires of the firm’s Fort Lauderdale office (Their professional profiles are available at The action has been filed in the United States District Court for the Southern District of Florida. The complaint alleges that “Rontan is wholly-owned by Joao Bolzan and Jose Bolzan. It is one of the world’s largest manufacturers of original equipment for specialty vehicles for emergency management, first responders, national security, and law enforcement operations. The company also acquired NACSV, a supplier of Mobile Command Centers to Military, Law Enforcement, and First Responders. For more information about GDSI, visit

Forward-Looking Statements

This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control and could cause the Company’s results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy. The statements are based upon current beliefs, expectations, and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.


William Delgado

SOURCE: Global Digital Solutions, Inc.

ReleaseID: 505366

Drone USA Awarded Contract Extension Worth $1.2 Million from the Defense Logistics Agency

By Drone USA, Inc.

WEST HAVEN, CT / ACCESSWIRE / July 16 , 2018 / Drone USA, Inc. (OTCQB: DRUS) (“Drone USA” or the “Company”), a service provider and reseller of drones and distributor of products to the U.S. Government, today announced that its subsidiary, Howco Distributing CT (“Howco”), received a contract extension from the Defense Logistics Agency worth a total of $2.8 million, with $1.2 million remaining.

Michael Bannon, Drone USA’s Chief Executive Officer, commented, “The Howco team is performing beyond expectations. They are a truly impressive to work with.”

Matt Wiles, Howco’s VP of Business Operations, stated, “Having long-term contracts allows our fulfillment team to streamline the packaging requirements which reduces cost and improves our lead times.”

Lindsay Somics, Howco’s Sales Manager, stated, “We are confident they will spend the allocated $1,235,860 remaining within the next two option years.”

About Howco Distributing Co.

Howco Distributing, a subsidiary of Drone USA, Inc., is a premier supplier of spare and replacement parts to a wide variety of Federal Government agencies, U.S. military prime contractors and commercial customers worldwide. Founded in 1990 and located in Vancouver, Washington, Howco’s services encompass bid solicitation, contract management, packaging and logistics for construction, transportation, mining and heavy equipment spare and replacement parts to customers worldwide utilizing a wide variety of supply chain solutions. Howco was the winner of 2017 United States Department of Defense Logistics Agency’s Commander’s Choice Supplier Award and the 2012 United States Department of Defense Logistics Agency’s Bronze Supplier Award.

About Drone USA, Inc.

Drone USA, Inc. (OTCQB: DRUS), headquartered in West Have, CT., is a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government. Our competitive advantage stems from offering superior service, high quality products and establishing and maintaining life-long customer friendships. Our primary markets are U.S. police, firemen, U.S. industry and the U.S. Government.

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our Form 10 filed with the U.S. Securities and Exchange Commission.


Michael Bannon
Chief Executive Officer

Hayden IR
Investor Relations
(917) 658-7878

SOURCE: Drone USA, Inc.

ReleaseID: 505364

KESSLER TOPAZ MELTZER & CHECK, LLP: Final Deadline Reminder for PPG Industries, Inc. Investors – PPG

By Kessler Topaz Meltzer & Check, LLP

RADNOR, PA / ACCESSWIRE / July 16, 2018 / Kessler Topaz Meltzer & Check, LLP reminds PPG Industries, Inc. (NYSE: PPG) (“PPG”) investors that a securities fraud class action lawsuit has been filed on behalf of purchasers of PPG publicly traded securities between April 24, 2017 and May 10, 2018, inclusive (the “Class Period”).

FINAL REMINDER: Investors who purchased PPG securities during the Class Period may, no later than July 19, 2018, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this action please visit

According to the complaint, PPG manufactures and distributes paints, coatings, and specialty materials in the United States and internationally.

The Class Period commences on April 24, 2017, when PGG filed a Form 10-Q for the quarter ended March 31, 2017 with the SEC, which provided PPG’s first quarter 2017 financial results and position.

According to the complaint, on April 19, 2018, after market-close, PPG issued a press release entitled “PPG reports first quarter 2018 financial results[,]” disclosing that PPG received a report concerning potential violations of its accounting policies and identifying certain expenses that should have been accrued in the first quarter.

Following this news, PPG’s shares fell $0.77 or 0.7% to close at $108.87 on April 20, 2018.

Then, on May 10, 2018, after market-close, PPG issued a press release entitled “PPG provides update on Form 10-Q filing and internal investigation[,]” disclosing that: 1) PPG’s Audit Committee found evidence that improper accounting entries were made by certain employees at the direction of PPG’s former Vice President and Controller; 2) PPG’s Former Vice President was terminated as of May 10, 2018; 3) PPG would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018; and 4) PPG’s financial statements for the 2017 year should not be relied upon.

Following this news, PPG’s shares fell $5.68 or over 5% to close at $100.43 on May 11, 2018.

The complaint alleges that during the Class Period, the defendants misrepresented and/or failed to disclose that: (1) PPG’s consolidated financial statements for the year ended December 31, 2017 and the quarterly financial statements of 2017 contained improper accounting entries and could no longer be relied upon; (2) PPG failed to maintain adequate internal controls; and (3) as a result, the defendants’ public statements were materially false and misleading at all relevant times.

PPG investors who wish to discuss their legal rights or interests with respect to this securities fraud class action are encouraged to contact Kessler Topaz Meltzer & Check (James Maro, Jr., Esq. or Adrienne Bell, Esq.) at (888) 299-7706 or (610) 667-7706, or via e-mail at

PPG investors may, no later than July 19, 2018, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, please visit


Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299-7706
(610) 667-7706

SOURCE: Kessler Topaz Meltzer & Check, LLP

ReleaseID: 505136

Stonegate Capital Partners Updates Coverage on TransGlobe Energy Corporation

By Stonegate Capital Partners

DALLAS, TX / ACCESSWIRE / July 16, 2018 / TransGlobe Energy Corporation (NASDAQ: TGA)


TransGlobe Energy Corporation (“Company”) (“TGA”) is an independent oil and gas exploration and production company, with current operations in Alberta, Canada, and the Arab Republic of Egypt. TGA also operated in Yemen for 19 years, before selling those interests in 2015. The Company has operated in Egypt since 2004 and holds interests in production sharing concessions in the Eastern Desert and the Western Desert regions. TransGlobe operated in Canada from 1999 to 2008 and recently reentered Canada in December 2016. The Company’s Canadian holdings include production and working interests in Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area, located in west central Alberta. TransGlobe Energy is headquartered in Calgary, Alberta, and has approximately 70 employees.


TransGlobe has been in the international oil and gas industry for over 20 years and has drilled more than 400 gross wells in varying geological formations, political climates and economic environments. Through the execution of a disciplined business plan involving cost-cutting measures, a strategic acquisition, and key contracts with the Egyptian government and third-party marketers, TGA’s management has steered the Company through a difficult period involving low oil prices and political turmoil, and, as a result, TransGlobe is well-positioned to return to profitability over the near-term.

  • TransGlobe has a current production base of roughly 14,375 Boepd (average for Q118), and a number of low-risk development projects in Canada and Egypt, along with some potentially high-impact exploration opportunities in Egypt. The most recent 2018 capital budget includes a total of ~$41.3M, with ~$29.1M allocated to Egypt and ~$12.2M to Canada.
  • Following a chaotic period in the aftermath of the Arab Spring uprising in 2011, Egypt has regained political and economic stability. Consequently, TransGlobe has plans to complete 5 exploration wells in the Western Desert in 2018. In the Eastern Desert, the focus is on sustaining and developing producing concessions. Recent tests in the Boraq field yielded disappointing results, but management notes an additional prospect in the area as a target for 2018 exploration program.
  • At year-end 2016, TGA acquired some producing high-quality light oil and liquidsrich gas plays in west central Alberta, Canada. The acquisition was designed to diversify TGA geographically as well as expand operations outside areas with geopolitical risk, and it came with 149 potential drilling opportunities. The historical low operating costs and favorable royalty and tax structure of the area support growth at current oil prices and provide opportunities to increase reserves and production in proven plays using advanced horizontal drilling and multi-stage frac technology.
  • Based on a 12/31/17 GLJ Petroleum Consultants evaluation, the Company reports 27.6 MMboe total proved (1P reserves) as well as 45.9 MMboe total proved + probable (2P reserves), both an 8% decrease from 2016 year-end, primarily due to production during 2017. TGA had total sales of 11,753 Boepd in Q118. The Company sold 235,930 barrels of entitlement crude oil to EGPC for ~$13.2M to cover Egypt’s in-country expenditures. The first lifting of 2018 was ~452K bbls in April, and EGPC has confirmed 4 liftings in 2018. Notably, as of March 31, 2018, the Company had ~1.0M barrels of entitlement oil in inventory valued at $14.96 per barrel on its balance sheet as well as $31.1M in cash and equivalents (including restricted cash).
  • For 2018, corporate production is expected to range between 14,200 and 15,600 Boepd (midpoint 14,900) with a 94% weighting to oils and liquids; this includes 12,000 to 13,000 Bopd for Egypt, and 2,200 to 2,600 Boepd for Canada, which includes a one month shut-in for plant and facility turnarounds in Canada. On a comparable company basis for FY18 estimates, TGA currently trades at an EV/S multiple of 1.3x while its peers trade at an average multiple of 2.9x, and at an EV/EBITDA of 2.5x vs. the average of its peers at 4.9x. On a P/E ratio, the Company currently trades at 14.9x vs. the average of its peers at 17.5x, and on a P/CFPS basis, TGA trades at 2.7x based on 2018E vs. the average of its peers at 4.2x.

The full report can be accessed by clicking on the following link:

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high quality investment opportunities.

SOURCE: Stonegate Capital Partners

ReleaseID: 505284

Napo Pharmaceuticals to Present New Data at the 22nd International AIDS 2018 Conference

By Jaguar Health, Inc.

Presentation Will Cover New Data on the Incidence and Prevalence of Diarrhea in HIV Clinical Trials in the Recent Post-Combined Antiretroviral Therapy (cART) Era

SAN FRANCISCO, CA / ACCESSWIRE / July 16, 2018 / Napo Pharmaceuticals, Inc. (Napo), a human health company developing and commercializing novel gastrointestinal prescription products from plants used traditionally in rainforest areas, and a wholly-owned subsidiary of Jaguar Health, Inc. (NASDAQ: JAGX) (Jaguar), announced today that the Company will be attending and presenting a poster at the 22nd International AIDS Conference (AIDS 2018). The meeting will be held from July 23-27, 2018 in Amsterdam, Netherlands.

Presentation Title: Incidence and Prevalence of Diarrhea in HIV Clinical Trials in the Recent Post-Combined Antiretroviral Therapy (cART) Era: Analysis of Data from 39 Clinical Trials from 2008-2017 in Over 20,000 Patients

Presentation by D.M. Asmuth, Associate Professor, Division of Infectious Diseases, Dept. of Internal Medicine, UC Davis Med. Ctr; Gary Blick, MD, Health Advocates International, LLC; Patrick G. Clay, PharmD, FCCP, CCTI, consultant pharmacologist for FDA and professor of pharmacy practice at University of North Texas System College of Pharmacy; Katie MacFarlane, Sr. Vice President, Commercial Development at Napo Pharmaceuticals; Pravin Chaturvedi, PhD, Chair, Scientific Advisory Board at Napo Pharmaceuticals

Date and Time of Presentation: Tuesday, July 24, 12:30-2:30 p.m.

Dates and Time of Poster Display: July 24-26, from 12:30-4:30 p.m.

Location: Poster exhibition area

Abstract Number: TUPEB145

The International AIDS Conference is the largest conference on any global health issue in the world. First convened during the peak of the AIDS epidemic in 1985, it continues to provide a unique forum for the intersection of science, advocacy, and human rights. Each conference is an opportunity to strengthen policies and programs that ensure an evidence-based response to the epidemic.

About Jaguar Health, Inc.

Jaguar Health, Inc. is a commercial stage pharmaceuticals company focused on developing novel, sustainably derived gastrointestinal products on a global basis. Our wholly-owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary human gastrointestinal pharmaceuticals for the global marketplace from plants used traditionally in rainforest areas. Our Mytesi® (crofelemer) product is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy.

For more information about Jaguar, please visit For more information about Napo, visit

About Mytesi®

Mytesi® (crofelemer) is an antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Mytesi® is not indicated for the treatment of infectious diarrhea. Rule out infectious etiologies of diarrhea before starting Mytesi®. If infectious etiologies are not considered, there is a risk that patients with infectious etiologies will not receive the appropriate therapy and their disease may worsen. In clinical studies, the most common adverse reactions occurring at a rate greater than placebo were upper respiratory tract infection (5.7%), bronchitis (3.9%), cough (3.5%), flatulence (3.1%), and increased bilirubin (3.1%).

See full Prescribing Information at Crofelemer, the active ingredient in Mytesi®, is a botanical (plant-based) drug extracted and purified from the red bark sap of the medicinal Croton lechleri tree in the Amazon rainforest. Napo has established a sustainable harvesting program for crofelemer to ensure a high degree of quality and ecological integrity.

Media Contacts:

Kate Tumino / Lisa Lipson
KCSA Strategic Communications /
212-896-1252 / 508-843-6428

SOURCE: Jaguar Health, Inc.

ReleaseID: 505137