Search Blog
Categories
April 2017
M T W T F S S
« Jun    
 12
3456789
10111213141516
17181920212223
24252627282930

Tags

Northern Sphere Mining Corp. Completes Final Tranche of Private Placement of Units

Toronto, Ontario–(Newsfile Corp. – April 25, 2017) – Northern Sphere Mining Corp. (CSE: NSM) (“Northern Sphere” or the “Company”) is pleased to announce the closing of the third and final tranche of its previously announced private placement of units of the Company (“Units”). The Company issued 75,000 Units at a price of $0.40 per Unit for aggregate gross proceeds of $30,000.

Together with the first and second tranche of the private placement, the Company issued a total of 7,882,500 Units for aggregate gross proceeds of $3,153,000, representing an over-subscription of 882,500 Units or approximately 12.6% of the original offering.

Each Unit is comprised of one common share (“Common Share”) of the Company and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share (a “Warrant Share”) for a period of two years following the date of closing at an exercise price of $0.60 per Warrant Share, subject to adjustments in certain events. The Warrants are subject to an acceleration clause such that, if the closing price of the Common Shares is equal to or greater than $1.00 per share for a period of 20 consecutive trading days, the Company shall have the option, but not the obligation, to effect for an accelerated expiration date that shall be 20 calendar days from the issuance of a notice of acceleration.

Common Shares and Warrants issued pursuant to the private placement and Warrant Shares issuable upon the due exercise of the Warrants are subject to a four-month hold period from the date of closing.

The net proceeds from the Private Placement will be used for the advancement of Arizona Silver — Buckeye Mine, including underground development/rehabilitation, bulk-sampling and drilling, establishing ore extents, continuity and grade, and for general corporate purposes.

About Northern Sphere Mining Corp.

Northern Sphere Mining is dedicated to growth through the acquisition and development of mining assets, with an emphasis on near term production opportunities. Headquartered in Toronto, Ontario, Northern Sphere Mining has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere‘s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Jaxon Announces Stock Options Granted

Vancouver, British Columbia–(Newsfile Corp. – April 25, 2017) – Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) (“Jaxon” or the “Company”) announces that the Company is granting a total of 800,000 new stock options to two directors and a consultant of the Company. The options granted are for a period of two years, expiring on April 23, 2019, and exercisable at a price of $0.085.

ON BELHALF OF THE BOARD OF DIRECTORS
JAXON MINERALS INC.

Jason Cubitt” ______
Jason Cubitt, President.

For further information regarding Jaxon Minerals Inc., please contact Jason Cubitt at 604-608-0400, Toll free: 1-877-608-0007.

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

Impressive Lithium Drill Results on the Horizon? Far Resources Provides Interesting Clues Before the Receipt of Assays from the Lab

By Rockstone Research

ZURICH, SWITZERLAND / ACCESSWIRE / April 25, 2017 / Today, Far Resources Ltd. (CSE: FAT; Frankfurt: F0R) informed about the completion of the phase-2 drill program on its Zoro Lithium Property in mining-friendly Manitoba, Canada. A total of 1,088 m were drilled with 7 holes (155 m per hole on average), with the goal of testing for the extension of the spodumene-bearing pegmatite Dyke #1 in areas never drilled before (i.e. 30-50 m from historical and phase-1 drill intersections). The phase-1 and phase-2 drill holes were spaced with the intention of working towards a maiden NI43-101 resource.

Although no lab assays have been received yet, the information and interpretation provided today indicate the potential for an astounding discovery, as all 7 holes intersected the spodumene-bearing pegmatite Dyke #1, whereas 2 holes clearly caught the eye:

Hole #10 intersected a wide interval of the pegmatite over remarkable 53.7 m.

Hole #12 intersected coarse-grained spodumene crystals (up to 15 cm large!) over 12.2 m

(i.e. a potentially very high-grade zone may just have been discovered, whereas coarse mineralization typically indicates very favorable metallurgy).

Both lengths and grades could turn out world-class, when official lab assays will be announced soon.

The full report can be accessed with the following links:

English: http://rockstone-research.com/index.php/en/research-reports/2916-Impressive-Lithium-Drill-Results-on-the-Horizon

German: http://rockstone-research.com/index.php/de/research-reports/2915-Beeindruckende-Lithium-Bohrergebnisse-in-Aussicht

Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

ReleaseID: 460554

Northern Sphere Mining Corp. Completes Final Tranche of Private Placement of Units

By Northern Sphere Mining Corp.

TORONTO, ON / ACCESSWIRE / April 25, 2017 / Northern Sphere Mining Corp. (CSE: NSM) (OTC PINK: AGTMF) (“Northern Sphere” or the “Company”) is pleased to announce the closing of the third and final tranche of its previously announced private placement of units of the Company (“Units”). The Company issued 75,000 Units at a price of $0.40 per Unit for aggregate gross proceeds of $30,000.

Together with the first and second tranche of the private placement, the Company issued a total of 7,882,500 Units for aggregate gross proceeds of $3,153,000, representing an over-subscription of 882,500 Units or approximately 12.6% of the original offering.

Each Unit is comprised of one common share (“Common Share”) of the Company and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share (a “Warrant Share”) for a period of two years following the date of closing at an exercise price of $0.60 per Warrant Share, subject to adjustments in certain events. The Warrants are subject to an acceleration clause such that, if the closing price of the Common Shares is equal to or greater than $1.00 per share for a period of 20 consecutive trading days, the Company shall have the option, but not the obligation, to effect for an accelerated expiration date that shall be 20 calendar days from the issuance of a notice of acceleration.

Common Shares and Warrants issued pursuant to the private placement and Warrant Shares issuable upon the due exercise of the Warrants are subject to a four-month hold period from the date of closing.

The net proceeds from the Private Placement will be used for the advancement of Arizona Silver – Buckeye Mine, including underground development/rehabilitation, bulk-sampling and drilling, establishing ore extents, continuity and grade, and for general corporate purposes.

About Northern Sphere Mining Corp.

Northern Sphere Mining is dedicated to growth through the acquisition and development of mining assets, with an emphasis on near term production opportunities. Headquartered in Toronto, Ontario, Northern Sphere Mining has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Northern Sphere Mining Corp.

ReleaseID: 460555

Jaxon Announces Stock Options Granted

By Jaxon Minerals Inc.

VANCOUVER, BC / ACCESSWIRE / April 25, 2017 / Jaxon Minerals Inc. (TSX-V: JAX) (FSE: 0U3) (“Jaxon” or the “Company”) announces that the Company is granting a total of 800,000 new stock options to two directors and a consultant of the Company. The options granted are for a period of two years, expiring on April 23, 2019, and exercisable at a price of $0.085.

ON BELHALF OF THE BOARD OF DIRECTORS
JAXON MINERALS INC.,

Jason Cubitt
Jason Cubitt, President

For further information regarding Jaxon Minerals Inc., please contact Jason Cubitt at 604-608-0400, Toll free: 1-877-608-0007.

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

SOURCE: Jaxon Minerals Inc.

ReleaseID: 460556

ONE WEEK DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against Caterpillar Inc. and Reminds Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / April 25, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Caterpillar Inc. (“Caterpillar” or the “Company”) (NYSE: CAT) concerning possible violations of federal securities laws between February 19, 2013 and March 1, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May
2, 2017 lead plaintiff motion deadline
.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

The Complaint alleges that during the Class Period, Caterpillar issued materially false and misleading statements and/or failed to disclose: that the Company unlawfully used foreign subsidiaries to avoid paying billions of dollars in U.S. taxes; that discovery of such conduct would subject Caterpillar to heightened regulatory scrutiny and potential criminal sanctions; and that Caterpillar’s public statements were materially false and misleading at all relevant times. On March 2, 2017, law enforcement officials raided the Company’s facilities in Peoria, Illinois. The Company indicated that it believed the raid is related to export filings of its Swiss subsidiary, Caterpillar SARL. When this information reached the investing public, the stock price of Caterpillar decreased significantly, thus allegedly harming investors according to the Complaint.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 460558

APPROACHING DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against SCYNEXIS, Inc. and Reminds Investors with Losses to Contact the Firm

By Khang & Khang LLP

IRVINE, CA / ACCESSWIRE / April 25, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against SCYNEXIS, Inc. (“SCYNEXIS” or the “Company”) (NASDAQ: SCYX). Investors, who purchased shares (1) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company’s Initial Public Offering on or about May 2, 2014 and/or (2) between May 2, 2014 and March 2, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the May 8, 2017 lead plaintiff motion deadline.

If you purchased SCYNEXIS shares during the IPO or Class Period, please contact Joon M. Khang, Esq., of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The Complaint alleges that during the Class Period, SCYNEXIS made false and/or misleading statements and/or failed to disclose: that the Company’s lead product, SCY-078, posed substantial undisclosed health and safety risks; that SCYNEXIS overstated the drug’s approval prospects and/or commercial viability; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On March 2, 2017, SCYNEXIS announced that the U.S. Food and Drug Administration “informed the Company to hold the initiation of any new clinical studies with the intravenous (IV) formulation of SCY-078 until the FDA completes a review of all available pre-clinical and clinical data” of the formulation. The hold stems from “three mild-to-moderate thrombotic events in healthy volunteers” receiving the formulation. When this news was announced, the stock price of SCYNEXIS fell materially, which allegedly harmed investors.

If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 460559

IMPORTANT EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Tempur Sealy International, Inc. and Reminds Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / April 25, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Tempur Sealy International, Inc. (“Tempur Sealy” or the “Company”) (NYSE: TPX) concerning possible violations of federal securities laws between July 28, 2016 and January 27, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the May 23, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You may also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

According to the Complaint, Tempur Sealy made materially false and misleading statements and/or failed to disclose: that prior to and during the Class Period, Mattress Firm Holding Corp. (“Mattress Firm”), the Company’s largest customer which accounted for approximately 25% of its 2015 net sales, had been engaged in active negotiations to be acquired and that any such acquisition was reasonably likely to have a material adverse effect in Tempur Sealy’s 2016 third and fourth quarter operating results; that Tempur Sealy was engaged in active discussions with Mattress Firm concerning modifications to their long-term supply agreements; that Mattress Firm had been seeking significant economic concessions from Tempur Sealy; that the Company lacked a reasonable basis for its positive statements associated with Mattress Firm; and that based on the above, the Company lacked a reasonable basis for its positive statements about its then-current business and future financial prospects. On January 27, 2017, Tempur Sealy announced that it would cease doing business with Mattress Firm during the first quarter of 2017. When this news was announced, the stock price of Tempur Sealy dropped materially, which allegedly caused investors harm.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles devoted to upholding shareholders’ rights.

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

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 460560

IIROC Trade Halt – First Mining Finance Corp.

Vancouver, British Columbia–(Newsfile Corp. – April 25, 2017) – The following issues have been halted by IIROC:

Company:

First Mining Finance Corp.

TSX-V Symbol:

FF

Reason:

Pending Company Contact

Halt Time (ET)

11:51

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 Halt – Savannah Gold Corp.

Vancouver, British Columbia–(Newsfile Corp. – April 25, 2017) – The following issues have been halted by IIROC:

Company:

Savannah Gold Corp.

TSX-V Symbol:

SAV.H

Reason:

Pending News

Halt Time (ET)

12:17

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.