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West Red Lake Gold Provides Exploration Update and Plans New Program for March 2018

West Red Lake Gold Provides Exploration Update and Plans New Program for March 2018

Toronto, Ontario (FSCwire) – West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTCQB: RLGMF) announces exploration drill results from the November 2017 drill program on the Company’s 3100 hectare West Red Lake Project located in the Red Lake Gold District, Northwestern Ontario, Canada. The next program to expand the Rowan Gold Zones to greater depth is planned to begin in March 2018.

The exploration drill program plan was designed by the joint venture partnership in Red Lake to explore and test geological targets in the area of the Rowan Mine Zones, and also to explore two targets in the Structural Intersection area located approximately 1km east of the Rowan Mine Zones. See results in the table below.

The program was carried out from late October to early December 2017 and consisted of 2402 metres of drilling over five drill holes. Two holes were drilled near the Rowan Mine Shaft with the deeper hole targeting porphyry formation at depth. A third hole located 200 metres west of the Rowan Mine Shaft was drilled to test a geological contact for potential increased hydrothermal activity with attendant mineralization.

In the Structural Intersection two holes were drilled into fold hinge targets identified by magnetic geophysics. The fold hinges are located approximately 2km east of the Rowan Mine Shaft at the intersection of northeast and northwest trending shear zone structures. The regional scale Pipestone Bay St Paul Deformation Zone and Newman Todd Structure host multiple gold zones.

The next program planned to begin in March 2018 will drill deeper holes with the objective to expand the Rowan Gold Zones to significantly greater depth.

The Rowan Mine Zones lie within the east-west trending regional shear structure known as the Pipestone Bay St Paul Deformation Zone (the “PBS Zone”). Gold zones are hosted within a sequence of hydrothermally altered mafic volcanics with intercalated felsic volcanics and porphyries as well as ultramafics. The gold mineralization is associated with quartz veining and increased iron sulphide mineralization.

Three former gold mines on the West Red Lake Project property are situated on the east-west trending PBS Zone, a regional geological structure which crosses the Company property and continues east to the town of Red Lake. The regional scale Golden Arm Fault Structure and the sub-parallel Newman Todd Structure cross onto the West Red Lake Project from the south boundary and trend northeast for 2 km to where they merge and intersect with the PBS Zone.

The intersection of the regional scale geological structures form the Structural Intersection target area which is located 1.5 km east of the Rowan Mine Shaft. The Company has identified an attractive drill target in the southeast quadrant of the Structural Intersection area where a geophysical target is underlain by a mafic-ultramafic contact. Most of the significant gold deposits in Red Lake are found in association with a contact of mafic and ultramafic rocks. This exploration area of the property is held in the form of crown claims and the Company plans to drill the target area in a future exploration program upon receipt of an exploration permit.

The Company property is situated on the Red Lake Archean Greenstone Belt which hosts the high grade gold mines of the Red Lake Gold District. The PBS Zone strikes east-west across the 12 km length of the property, and then continues east towards the town of Red Lake. A second gold bearing regional structure, the Golden Arm Fault Structure and the sub-parallel Newman Todd Structure trend on to the property from the southwest and trend toward and then intersect with the PBS Zone resulting in the Structural Intersection approximately 1 km east of the Rowan Mine Zones. Twenty km to the east a similar geologically important intersection of two regional gold bearing structures occurs proximal to the world class Red Lake Mine and Campbell Mine, providing a highly favourable geological model and illustrating the significant exploration potential for high grade gold zones on the Company’s West Red Lake Project.

The information presented in this release has been reviewed and approved by Kenneth Guy, P.Geo., a consultant to West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”).

All drilling was completed using NQ size core. Gold analysis of the samples collected by West Red Lake Gold were assayed by SGS Laboratories Ltd. Analysis consisted of a fire assay of a 50-gram sample with an atomic absorption finish. Samples assaying over 10.0 gpt Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance Program is in place using control samples including blanks and standards.

West Red Lake Gold Mines Inc. is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced nearly 30 million ounces of gold from high grade zones. The Company has assembled a significant property position totalling 3100 hectares in west Red Lake (the “West Red Lake Project”) which contains three former gold mines. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a 60%-owned joint venture with Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. The West Red Lake Project property covers a 12 kilometre strike length along the Pipestone Bay St Paul Deformation Zone and the Company plans to continue to explore the property both along strike and to depth. To find out more about West Red Lake Gold, please visit our website at http://www.westredlakegold.com.

For more information, please contact: John Kontak, President Phone: 416-203-9181 Email: jkontak@rlgold.ca

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Certain statements contained in this news release constitute “forward looking statements”. When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”, “planned”, and similar expressions are intended to identify forward looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. West Red Lake Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

West Red Lake Project Diamond Drill Results Table

Hole #

UTM Easting

UTM Northing

dip

Az

length

from (m)

to

(m)

length (m)

Au-gpt

RLG-17-50

421,802

5,657,513

-52

360

600

425.1

425.9

0.8

2.39

429.2

429.5

0.3

2.87

474.7

486.2

11.6

0.73

incl

0.3

5.19

502.6

502.9

0.4

18.07

513.0

514.0

1.0

2.17

521.0

522.0

1.0

2.16

570.0

573.4

3.4

4.18

incl

1.0

11.49

RLG-17-51

421,802

5,657,513

-62

360

650

559.8

560.8

1.0

5.61

621.0

627.0

6.0

1.36

incl

0.5

5.98

638.0

640.0

2.0

2.52

645.0

646.0

1.0

1.91

RLG-17-52

421,600

5,657,620

-50

360

351

53.4

54.0

0.6

1.25

127.5

128.2

0.7

2.12

172.1

172.4

0.3

8.39

265.8

266.3

0.5

3.10

286.2

286.5

0.3

3.25

293.2

293.7

0.5

1.06

309.4

309.7

0.3

10.41

RLG-17-53

424,145

5,657,778

-60

360

351

277.7

278.7

1.0

3.63

RLG-17-54

423,773

5,658,149

-45

165

450

377.8

378.4

0.6

0.91

5

Holes

2402

metres

Intervals reported here are core lengths. True widths are not known at this time. All depths are reported as down hole.

To view the associated document to this release, please click on the following link:
public://news_release_pdf/WestRedLake02232018.pdf

To view the original release (with media), please click here

Source: West Red Lake Gold Mines Inc (CSE:RLG, OTCQB:RLGMF, OTC Bulletin Board:HYLKF)

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NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kraton Corporation And Encourages Investors With Losses In Excess of $100,000 To Contact The Firm

By The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / February 23, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kraton Corporation (“Kraton” or the “Company”) (NYSE: KRA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On February 20, 2018, Kraton announced its Q4 and year end results for 2017, stating “certain customers notified” the company during the fourth quarter that “they were experiencing issues processing” the company’s Cariflex material. The investigation concerns whether Kraton violated securities laws by failing to disclose these issues sooner. When this news was released to the investing public, Kraton securities fell sharply during intraday trading on February 21, 2018, causing shareholders harm.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 490638

DEADLINE MONDAY: Levi & Korsinsky, LLP Reminds Shareholders of Kobe Steel Ltd. of a Class Action and a Lead Plaintiff Deadline of February 26, 2018 – KBSTY

By Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Kobe Steel Ltd. (“Kobe Steel”) (OTC PINK: KBSTY) between May 29, 2013 and October 12, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. To get more information, go to:

http://www.zlk.com/plsra-c/kobe-steel-ltd?wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company falsified data on many of its products; (ii) the Company sold products that failed quality control tests in violation of laws and regulations; (iii) the Company’s financial performance relied on selling products that did not meet quality standards in violation of laws and regulations; (iv) the Company would incur significant costs and lose customers if customers became aware of the quality of the products; (v) the Company’s compliance initiatives, corporate governance and risk management activities were ineffective and inadequate at preventing misconduct; and (vi) the Company’s internal reporting systems failed to foster employee participation and adequately address employee concerns, and senior management hyper-emphasized profitability at all costs, promoting a culture of corner-cutting and deterring employees from making claims over product quality.

If you suffered a loss in Kobe Steel, you have until February 26, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll-Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinky LLP

ReleaseID: 490523

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of MetLife, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 6, 2018 – MET

By Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of MetLife, Inc. (“MetLife”) (NYSE: MET) between February 27, 2013 and January 29, 2018. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of New York. To get more information, go to:

http://www.zlk.com/pslra-d/metlife-inc?wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) MetLife’s practices and procedures used to estimate its reserves set aside for annuity and pension payments were inadequate; (2) MetLife had inadequate internal controls over financial reporting; and (3) as a result, defendants’ statements about MetLife’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss in MetLife, you have until April 6, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll-Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 490466

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Xunlei Limited of Class Action Lawsuit and Upcoming Deadline – XNET

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, and docketed under 18-cv-00646, is on behalf of a class consisting of investors who purchased or otherwise acquired Xunlei securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Xunlei securities between October 10, 2017, and January 11, 2018, both dates inclusive, you have until March 20, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Xunlei is a cloud-based acceleration technology company operating an internet platform in China based on cloud technology to enable users to access, manage, and consume digital media content. The Company’s main product is OneCloud, a network linked storage device allowing multiple users to share online storage remotely and a “mining machine’ for users to share their idle bandwidth with Xunlei’s content delivery networks.

On October 10, 2017, Xunlei issued a press release announcing the introduction of “OneCoin,” a blockchain-based product with no central bank endorsed value. OneCoin was subsequently renamed “Lianke.”

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Xunlei had engaged in an unlawful financial activity; (ii) OneCoin was a form of disguised initial coin offering (“ICO”); (iii) Xunlei was engaged in the promotion of an Initial Miner Offering (“IMO”); and (iv) as a result of the foregoing, Defendants’ statements about Xunlei’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On or about November 24, 2017, various news outlets in China reported that Xunlei’s business partner Shenzhen Xunlei Big Data Information Services Company Ltd. (“Big Data”) was accusing Xunlei of conducting an unlawful ICO through the Company’s OneCoin project.

On this news and over the course of two trading days, the Company’s ADS price declined $6.33 from a close on November 24, 2017, at $24.91 per ADS, to a close at $18.58 per ADS on November 28, 2017, a drop of approximately 25.41%.

On November 29, 2017, Xunlei issued a press release entitled “Xunlei Provides Clarification on Recent Market Development,” announcing an update on its business relationship with Big Data. The press release stated, in part, that Xunlei has requested Big Data to stop using the “Xunlei” brand name immediately and also terminated its right to use the “Xunlei” brand.

On this news, the Company’s ADS price declined $5.78 from a close on November 28, 2017, at $18.58 per ADS, to a close at $12.80 per ADS on November 29, 2017, a drop of approximately 31.1%.

On January 12, 2018, the National Internet Finance Association of China issued a “Risk Alert” notice regarding “Disguised ICO [Initial Coin Offering] Activities” (the “Risk Alert Notice”). The Risk Alert Notice referenced a September 2017 notice issued jointly by seven government ministries, which stated, in part, that “ICO activities are suspected of involving illegal criminal activities including illegal fund-raising, illegal issuance of securities, and illegal sale of notes and bonds” and “all institutions and individuals should immediately stop engaging in ICO activities.” The Risk Alert Notice further stated that “[i]n the case of Lianke issued by Xunlei…the issuing company in effect substitutes Lianke for the duty to pay back project contributors with legal tender, making it essentially a financing activity and a form of disguised ICO.”

On this news, the Company’s ADS price declined $6.27 from a close on January 11, 2018, at $22.90 per ADS, to a close at $16.63 per ADS on January 12, 2018, a drop of approximately 27.38%.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 490639

EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of GoPro, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 12, 2018 – GPRO

By Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of GoPro, Inc. (“GoPro”) (NASDAQ: GPRO) between August 4, 2017 and January 5, 2018. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information, go to:

http://www.zlk.com/plsra-c/gopro-inc?wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the market prospects for Karma were untenable due to margin challenges in an extremely competitive aerial market and a hostile regulatory environment in Europe and the United States; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times. On January 8, 2018, GoPro announced it will reduce its global workforce by 20% and is exiting the drone market “after selling its remaining Karma inventory.”

If you suffered a loss in GoPro, you have until March 12, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 490463

Richard Nathan to Retire as Novume Chief Operating Officer

By Novume Solutions, Inc.

CHANTILLY, VA / ACCESSWIRE / February 23, 2018 / Novume Solutions, Inc. (NASDAQ: NVMM), a holding company of leading specialty professional services firms, announced today that Richard Nathan, PhD, has informed the company’s board of directors of his plan to retire as Chief Operating Officer effective February 28, 2018. Dr. Nathan will continue to serve as a member of the company’s board of directors.

Dr. Nathan’s 18 years of service included serving as Chief Executive Officer of AOC Key Solutions, Inc., a Novume™ subsidiary. The company has no current plans to fill the COO position.

Dr. Nathan’s executive management and business development skills span the full range of activities. At Novume and AOC Key Solutions, he has served as in a variety of executive, strategic, and business development roles. His ability to develop strategies and integrate effective win themes and discriminators unique to a given contract opportunity has resulted in multiple large contract wins with DOE, NASA, DHS, DoD, as well as state and local governments.

James McCarthy, Chairman of the Novume Board of Directors, said, ”Richard is a rarity in our market – both a scientist and business developer. His continued presence on our board of directors enables him to deliver uninterrupted high impact strategies and growth initiatives.”

”It has been an honor to serve our clients and staff these last 18 years and help them develop meaningful futures for themselves and their companies,” said Nathan.

About Novume Solutions, Inc.

At its core, Novume Solutions™ is about people – the right people solving complex problems. Novume helps federal government contractors to capture business, manage risk, run client back-end services and perform their contract requirements. Novume provides the scale and mass to deliver critical, specialized and difficult-to-find human and infrastructure resources and expertise at the enterprise level. For more information, please visit novume.com.

Forward-Looking Statements

This press release includes statements concerning Novume Solutions, Inc. and its future expectations, plans and prospects that constitute ”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ”may,” ”should,” ”expects,” ”plans,” ”anticipates,” ”could,” ”intends,” ”target,” ”projects,” ”contemplates,” ”believes,” ”estimates,” ”predicts,” ”potential,” or ”continue,” by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.

Contact:

Novume Solutions, Inc.
info@novume.com

SOURCE: Novume Solutions, Inc.

ReleaseID: 490469

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Aerohive Networks, Inc. of Class Action Lawsuit and Upcoming Deadline – HIVE

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Aerohive Networks, Inc. (“Aerohive” or the “Company”) (NYSE: HIVE) and certain of its officers. The class action, filed in United States District Court, for the Northern District of California, and docketed under 18-cv-00544, is on behalf of a class consisting of investors who purchased or otherwise acquired Aerohive securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Aerohive securities between November 1, 2017, and January 16, 2018, both dates inclusive, you have until March 20, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Aerohive supplies wireless infrastructure equipment. The Company designs cooperative control wireless architecture, cloud-enabled network management, routing, and virtual private network solutions. Aerohive serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Aerohive had uncovered sales execution issues at the Company at the end of the third quarter of 2017; (ii) consequently, Aerohive’s revenue guidance for the fourth quarter of 2017 was overstated; and (iii) as a result, Aerohive’s public statements were materially false and misleading at all relevant times.

On January 16, 2018, post-market, Aerohive issued a press release entitled “Aerohive Networks Announces Preliminary Fourth Quarter 2017 Financial Results,” revealing that it “expects net revenue for the fourth quarter to be approximately $37 million, which is below the Company’s previously stated guidance of $40 million to $42 million.” Aerohive attributed the reduced guidance to “underlying sales execution issues” uncovered at the end of the third quarter.

On this news, Aerohive’s share price fell $1.63, or 28.6%, to close at $4.07 on January 17, 2018, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 490640

IIROC Trade Resumption – Meridius Resources Ltd.

Vancouver, British Columbia–(Newsfile Corp. – February 23, 2018) – Trading resumes in:

Company:

Meridius Resources Ltd.

TSX-V Symbol:

MRI

Resumption Time (ET):

08:00 February 26, 2018

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

IIROC Trade Resumption – Westminster Resources Ltd.

Vancouver, British Columbia–(Newsfile Corp. – February 23, 2018) – Trading resumes in:

Company:

Westminster Resources Ltd.

TSX-V Symbol:

WMR

Resumption Time (ET):

08:00 February 26, 2018

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.