VANCOUVER, BC / ACCESSWIRE / August 28, 2019 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H) (the “Company” or “Commerce”) announces that, further to its News Release of August 27, 2019, the Company is encouraging existing shareholders in permitted jurisdictions to participate in the private placement of units (each, a “Unit”) at a price of $0.26 per Unit (the “Offering”). Each Unit will consist of one common share of the Company (each, a “Share”) and one common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one Share at a price of $0.35 per Share for the first year, and $0.50 for the second year following the closing of the Offering.

The aggregate gross proceeds from the sale of the Offering will be used to advance the developments of the Company’s Ashram Rare Earth Deposit in Quebec, including the re-start and completion of the pilot plant at Hazen Research in Golden, Colorado, for inclusion in the ongoing Pre-feasibility study, and for the production of representative samples of rare earth oxides for delivery to industry majors, as requested. Prior to the re-start of the pilot plant at Hazen, the Company expects the completion of the metallurgical reports from the previous operation of the pilot plant detailing the production of rare earth concentrate samples achieved. Currently, the upgrading of the fluorite concentrate, produced during the previous operation of the pilot plant at Hazen, is underway, with the intent of delivering an acid grade fluorspar sample, to Glencore and Norfalco Sales, as requested.

A portion or all of the Offering may be completed pursuant to BC Instrument 45-534 – Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders (the “Existing Security Holder Exemption”). Under this exemption, existing shareholders resident in BC may purchase up to $15,000 in securities from the Company without qualifying as an accredited investor or other prospectus exemption. Similar exemptions exist in certain other jurisdictions. The Company has set August 26, 2019 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Existing shareholders who wish to participate in the Offering should contact the Company at the contact information set forth below. In the event that aggregate subscriptions for Units under the Offering exceed the maximum number of securities to be distributed, then Units will be sold to qualifying subscribers on a pro rata basis based on the number of Units subscribed for. In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the Offering will also be conducted pursuant to other available prospectus exemptions.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the TSX Venture Exchange (the “Exchange”).

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum-Niobium Deposit in British Columbia.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

“Chris Grove”
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

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.

Cautionary Statement Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed pursuant to the Offering, and Exchange approval of the proposed Offering. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Company may not complete the Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the Closing; and those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Commerce Resources Corp.

ReleaseID: 557778

NEW YORK, NY / ACCESSWIRE / August 28, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Netflix, Inc. (NASDAQGS:NFLX)
Class Period: April 17, 2019 to July 17, 2019
Lead Plaintiff Deadline: September 20, 2019

During the class period, Netflix, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in NFLX: http://www.kleinstocklaw.com/pslra-1/netflix-inc-loss-submission-form?id=3234&from=1

Karyopharm Therapeutics Inc (NASDAQGS:KPTI)
Class Period: on behalf of shareholders of Karyopharm Therapeutics Inc. who: (1) purchased shares of Karyopharm’s common stock between March 2, 2017 and February 22, 2019, inclusive; (2) purchased Karyopharm shares in or traceable to the Company’s public offering of common stock conducted on or around April 28, 2017; or (3) purchased Karyopharm shares in or traceable to the Company’s public offering of common stock conducted on or around May 7, 2018.
Lead Plaintiff Deadline: September 23, 2019

Throughout the class period, Karyopharm Therapeutics Inc allegedly made materially false and/or misleading statements and/or failed to disclose that: Throughout the Class Period, the Company continued to tout the commercial prospects for selinexor and consistently described selinexor as having a “predictable and manageable tolerability profile” and a “very nice safety profile,” and assured investors that it was “well tolerated” by patients. Karyopharm also claimed that selinexor had the potential to be used as a new treatment for MM, with limited and manageable side effects. As a result of these misrepresentations, Karyopharm shares traded at artificially inflated prices during the Class Period.

Learn about your recoverable losses in KPTI: http://www.kleinstocklaw.com/pslra-1/karyopharm-therapeutics-inc-loss-submission-form?id=3234&from=1

Valaris plc (NYSE:VAL)
Class Period: April 11, 2019 to July 31, 2019
Lead Plaintiff Deadline: October 21, 2019

The complaint alleges that throughout the class period Valaris plc made materially false and/or misleading statements and/or failed to disclose that: (i) the Company was plagued by a weak ultra-deepwater segment, massive cash usage, and significant negative cash flow; (ii) the foregoing was reasonably likely to have a material negative impact on the Company’s second quarter 2019 results; (iii) the merger leading to Valaris’s establishment could not deliver on its touted benefits; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in VAL: http://www.kleinstocklaw.com/pslra-1/valaris-plc-loss-submission-form?id=3234&from=1

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 557775

EDMONTON, AB / ACCESSWIRE / August 28, 2019 / Rocky Mountain Liquor Inc. (TSXV:RUM) (“Rocky Mountain” or the “Company”) listed on the TSX Venture Exchange (the “Exchange”) is pleased to announce the voting results of its Annual General and Special Meeting (the “Meeting”) of Shareholders held on August 27, 2019. Rocky Mountain’s Shareholders approved all matters voted on at the Meeting as described in detail in the Company’s Management Information Circular (the “Circular”) dated July 15, 2019 available on SEDAR (www.sedar.com).

Election of Directors

Shareholders at the meeting approved the election of the below Directors:

Peter J. Byrne
Frank Coleman
Rob Normandeau and
Allison Radford

Continuation of Stock Option Plan

Shareholders were asked to vote to continue with the Corporation’s Stock Option Plan (the “Plan”). The resolution passed with 40,632,057 (76.7%) total votes cast “FOR” continuation of the Plan.

Share Consolidation

Rocky Mountain’s Shareholders were asked to consider for approval a resolution authorizing a consolidation of the common shares on the basis of a ratio of five (5) pre-consolidation shares for each one (1) post-consolidation share (the “Consolidation”). The resolution passed with 46,238,458 (87.3%) total votes cast “FOR” Consolidation. Consolidation was a requirement of the TSX Venture Exchange as a result of a previously announced transaction to redeem the Company’s outstanding 7.50% convertible unsecured subordinated debentures due April 30, 2021 in exchange for the issuance of common shares. That transaction closed July 3, 2019.

The Company currently has 237,449,683 issued and outstanding common shares. Following the Consolidation the Company will have approximately 47,489,937 shares. Consolidation is subject to the TSX Venture Exchange’s final approval.

Appointment of Auditors

Grant Thornton LLP was appointed as auditor for 2019.

ABOUT ROCKY MOUNTAIN

Rocky Mountain owns 100% of Andersons Liquor Inc., headquartered in Edmonton Alberta, which now own and operate 29 private liquor stores in that province, up from 18 stores since the Common Shares began trading in December 2008. It is listed on the TSX Venture Exchange (TSX-V:RUM).

Forward-Looking Statements:

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.

More particularly and without limitation, this news release contains forward‐looking statements and information concerning the Consolidation of common shares; the receipt of all necessary approvals including the approval of the TSX-V and the timing associated with obtaining such approvals; the advantages associated with the Consolidation and the ability of the Company to achieve and implement such advantages to its benefit and the benefit of its stakeholders; the timing associated with such a transaction, delivery of additional information and when such information may be available and if such a transaction would be supported by shareholders of the Company. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company, including expectations and assumptions concerning the Consolidation and the ability to implement the Consolidation; assumptions concerning necessary approvals required by the Company from the TSX-V and the ability to obtain such approvals on the terms anticipated and within the timelines required; overall assumptions concerning the financial markets and commodity markets; and overall business strategy. Although management of the Company believes that the expectations and assumptions on which such forward looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release.

The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX-V. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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

For further information:

Allison Radford
Chief Executive Officer
(780) 483-8183

Sarah Stelmack
Chief Financial Officer
(780) 483-8177

SOURCE: Rocky Mountain Liquor Inc.

ReleaseID: 557774

DAVIE, FL / ACCESSWIRE / August 28, 2019 / Your kids are away from home for the first time. What happens when they get sick? Living so far away, it’s not like they can make an appointment with the primary care doctor they grew up with back at home. And what about urgent care? The overcrowded waiting areas filled with sick kids, and the hours they offer aren’t always convenient.

Usually, students get sick or need treatment on the weekends and after hours.

Be on your way to feeling better with the premiere telemedicine provider

Healthcare should be simple, fast, and uncomplicated. Protect My College Student is powered by MDLIVE makes it easy to visit a doctor in minutes through our mobile app, online and by phone. Students can get access to quality healthcare without ever leaving their dorm room. It’s also an affordable way to get quality care without traveling to the doctor’s office or urgent care!

The right care at the right time

Protect My College Students technology, and online strategies deliver a comprehensive, end-to-end virtual care solution that will enable your student the ease and simplicity of picking up their device, logging in and chatting with a healthcare provider or specialist. It’s comprehensive healthcare, when and where they need it.

Telemedicine: How does it work?

With today’s young adults being ultra tech-savvy, MD Live has a college program that fits your student’s schedule, even if it’s after-hours on the weekend! It’s called Protect My College Student.

Utilizing MD Live’s telemedicine services, students can contact doctors and healthcare professionals 24/7 via their phone, laptop, or iPad. The advantage of telemedicine is that you can access reliable healthcare from your phone, tablet, or computer at any time. Protect My College Student’s network of experienced healthcare professionals are ready to assist with a variety of needs including urgent care visits; colds, stomach issues, fever, flu, earaches, pink eye, migraines, nausea and more.

While a large number of colleges offer medical services, they may be limited on availability. Protect My College Student offers students immediate assistance, 24/7, and can also assist them if they are traveling. Students can access these services with any mobile device or computer with Wi-Fi access. Medical professionals can diagnose a condition, advise patients where to go for further assistance, recommend over-the-counter medications, or prescribe medications from a local pharmacy, all during the consultation.

Protect My College Student offers around the clock care and protection for students who are living away from home for the first time. Signing up is easy, and there is never any copay.

The plans are worth the small investment to offer this convenience for your beloved student. Monthly payments are $12.95, or there is the yearly option for $119.00 (savings of $36.40/three months free).

CONTACT:
Caroline Hunter
Web Presence, LLC
+1 786-233-8220

SOURCE: Web Presence

ReleaseID: 557773

MIAMI, FL / ACCESSWIRE / August 28, 2019 / Miami Native Samuel Lehrer spends his free time supporting various non-profits and organizations that improve the lives of the disadvantaged. Lending his time and resources to a bi-annual golf tournament held in Jupiter, FL, he helps raise awareness of and support for other retired Navy SEALs.

As a participant in a bi-annual golf tournament that raises funds for retired and ex-Navy SEALs, Samuel Lehrer of Miami actively supports the men and women of his own military division. Since retiring from the Navy, Lehrer has developed a reputation for philanthropic work, most notably in Isla Mujeres, Mexico where he supports the Island Time Music Festival and Fishing Tournament. Participating in the Florida golf tournament, he is able to improve the lives of one of the most respected branches of the armed forces and secure their legacy through museum upkeep and maintenance.

“The golf tournament in Jupiter, FL is a unique opportunity to help out the men and women of the Navy who dedicated their lives to protecting this country,” says Samuel Lehrer of Miami. “And participants get to have fun along the way and play one of the most beautiful courses in the state.”

The altruistic efforts of Samuel Lehrer of Miami and his family go on to strengthen both their immediate community and those in other states or countries. They’ve worked to raise awareness and support of The Little Yellow School House in Isla Mujeres that educates special needs children on the island and prepares them for success later. They’ve also participated in the Island Time Fishing Tournament and the accompanying music festival.

“Giving back to the communities that have supported us is really important to me and my family,” says Samuel Lehrer of Miami. “By participating in the Navy SEAL bi-annual golf tournament, we can raise money for the courageous fighters who defended our country and have fallen into a place where they truly need our help.”

At the Admirals Cove golf course in Jupiter, FL, attendants of the tournament raise funds that go on to help Navy SEALs in two ways: firstly, to give immediate aid to retired and ex-Navy SEALs; and secondly, to support the National Navy SEAL Museum that tells the life story of the military branch. The tournament takes place over a full weekend and kicks off on Friday with an unnamed SEAL parachuting from a black hawk helicopter onto the 18th hole of the course.

The bi-annual Navy SEALs golfing tournament and fundraiser connects supporters from across the country with ex or current men and women of the armed forces. Together, they share stories, build relationships, partake in friendly competition, and honor and uphold the achievements and legacy of one of the most honored military branches of all time.

CONTACT:
Caroline Hunter
Web Presence, LLC
+1 786-233-8220

SOURCE: Web Presence

ReleaseID: 557772

NEW YORK, NY / ACCESSWIRE / August 28, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Diebold Nixdorf, Incorporated (NYSE:DBD)

Investors Affected : February 14, 2017 – August 1, 2018

A class action has commenced on behalf of certain shareholders in Diebold Nixdorf, Incorporated. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) as a result of the Wincor acquisition and related integration, the Company was less focused on its core business; (2) the Company expected certain customers would not renew their service contracts (i.e. contract runoff); (3) the Company was not adequately prepared to staff service technicians; (4) as a result of the expected contract runoff, the Company would suffer a shortage of adequately trained service technicians; (5) as a result, the Company would suffer margin pressure in its services segment; (6) as a result of the foregoing, the Company would lose market share; and (7) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/diebold-nixdorf-incorporated-loss-submission-form/?id=3233&from=1

Eagle Bancorp, Inc. (NASDAQGS:EGBN)

Investors Affected : March 2, 2015 – July 17, 2019

A class action has commenced on behalf of certain shareholders in Eagle Bancorp, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Eagle Bancorp’s internal controls and procedures and compliance policies were inadequate; (ii) the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company undertake its own internal investigations; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/eagle-bancorp-inc-loss-submission-form/?id=3233&from=1

Cardinal Health, Inc. (NYSE:CAH)

Investors Affected : March 2, 2015 – May 2, 2018

A class action has commenced on behalf of certain shareholders in Cardinal Health, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: 1) following Cardinal’s acquisition of Cordis, the RFID [radio-frequency identification] inventory tracking technology and advanced supply chain solutions that Defendants told investors the Company would to use to improve Cordis’s performance were never implemented across Cordis; 2) Cordis’s antiquated and ineffective global supply chain was causing operational and inventory problems at Cordis; 3) as a result, Cordis manufactured and accumulated excessive amounts of cardiovascular product inventories, which sat on the shelf and became unsellable and/or expired; 4) the Company materially overstated Cordis’s inventory balances; 5) Cordis was not “performing well” and its integration was not “on track,” “going incredibly well” or “largely on plan”; and 6) to correct Cordis’s deficiencies, the Company would have to make substantial investments in Cordis’s IT and supporting infrastructure, thereby incurring significant Selling, General and Administrative Expenses charges beyond the levels internally budgeted or projected by Cardinal and diminishing operating earnings.

Shareholders may find more information at https://securitiesclasslaw.com/securities/cardinal-health-inc-loss-submission-form/?id=3233&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

ReleaseID: 557771

TORONTO, CANADA / ACCESSWIRE / August 28, 2019 / RLM Consulting, a strategy and operations consulting firm based in Toronto, has announced plans to strengthen its strategy planning and development service areas.

Commenting on the announcement is Principal of RLM Consulting, Toronto’s Rob Morton: “We are committed to our clients and the organizations that we serve. With strong experience in the financial services industry, we are pleased to be in a position to assist these organizations with their business goals.”

Expanding upon his expertise in the finance sector, Robert recently branched out to create RLM Consulting, where he provides strategic guidance to various industries in relation to strategic planning, new product development and organizational effectiveness. RLM Consulting also offers hands-on finance consulting services in support of critical challenges such as: performance improvement, transformation, cost reduction, change management and governance. Clients of RLM Consulting work in the retail technology, not-for-profit, and financial services sectors, among others.

With 21 years of prior experience at State Street Bank, Robert brings a broad perspective to RLM Consulting. He served in a range of senior levels, eventually becoming the bank’s Senior Vice President & Chief Financial Officer at State Street Canada, as well as the Principal Officer of State Street Bank and Trust Company – Canada Branch and the President of State Street Fund Services Toronto Inc.

Prior to his transition to RLM Consulting, Robert Morton spent 3 years with Home Capital Group Inc., where he most recently served as the firm’s Executive Vice President and Chief Financial Officer. In this role, he was responsible for all aspects of financial support, treasury, strategic and capital planning/development, procurement and investor relations for Home Capital and Home Trust.

Robert holds a range of licenses and certifications, including his Chartered Professional Accountant CPA, CMA designations.

ABOUT RLM CONSULTING

RLM Consulting is a Toronto-based strategy and operations consulting firm with expertise in new product development, organizational effectiveness, change management, and strategic planning. The firm helps strengthen operations by focusing on key priorities including strategic decision support, strategy development – mission, vision, values, and governance.

For further Information:
mortonrobert261@gmail.com

SOURCE: RLM Consulting

ReleaseID: 557766

NEW YORK, NY / ACCESSWIRE / August 28, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE:NOVA). Investors who purchased Sunnova stock are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/nova.

The investigation concerns whether Sunnova and certain of its officers and/or directors have violated federal securities laws.

In July 2019, Sunnova completed its initial public offering (“IPO”), selling over 14 million shares of common stock for $12 per share. On August 19, 2019, Sunnova revealed a $85.3 million net loss for a six month period ending on June 30, 2019, compared with $22.7 million loss in the prior year period. Following this news,Sunnova stock dropped 0.85 per share, roughly 8%, to close at $10.36 on August 20, 2019.

If you are aware of any facts relating to this investigation, or purchased Sunnova shares,you can assist this investigation by visiting the firm’s site: www.bgandg.com/nova. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE:Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 557767

NEW YORK, NY / ACCESSWIRE / August 28, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Verb Technology Company, Inc. (f/k/a nFüsz, Inc.) (NASDAQCM:VERB)
Class Period: January 3, 2018 to May 2, 2018
Lead Plaintiff Deadline: September 9, 2019

The filed complaint alleges that Verb Technology Company, Inc. (f/k/a nFüsz, Inc.) violated federal securities laws by issuing materially false and/or misleading information and/or failing to disclose material information. Specifically, Defendants made false and/or misleading statements as to the scope of the Agreement with Oracle as the Company did not have a contract with Oracle to jointly develop and market the Company’s product and that as a result of the foregoing, the Company’s public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in VERB: http://www.kleinstocklaw.com/pslra-1/verb-technology-company-inc-f-k-a-nfusz-inc-fusz-loss-submission-form?id=3232&from=1

Realogy Holdings Corp. (NYSE:RLGY)
Class Period: February 24, 2017 to May 22, 2019
Lead Plaintiff Deadline: September 9, 2019

The complaint alleges that throughout the class period Realogy Holdings Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer’s broker at an inflated rate; (2) Realogy’s anticompetitive actions would prompt the U.S. Department of Justice (“DOJ”) to open an antitrust investigation into the real estate industry’s practices regarding brokers’ commissions; and (3) as a result, Defendants’ statements about the Realogy’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in RLGY: http://www.kleinstocklaw.com/pslra-1/realogy-holdings-corp-loss-submission-form?id=3232&from=1

Abiomed, Inc. (NASDAQGS:ABMD)
Class Period: January 31, 2019 to July 31, 2019
Lead Plaintiff Deadline: October 7, 2019

The complaint alleges Abiomed, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Abiomed’s revenue growth was in decline; (ii) the Company did not have a sufficient plan in place to stem its declining revenue growth; (iii) the Company was unlikely to restore its revenue growth over the next several fiscal quarters; (iv) consequently, Abiomed was reasonably likely to revise its full-year 2020 guidance in a way that would fall short of the Company’s prior projections and market expectations; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in ABMD: http://www.kleinstocklaw.com/pslra-1/abiomed-inc-loss-submission-form?id=3232&from=1

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 557764

Record second quarter cash from operations and almost US$100 million cash from operations in the first six months of 2019

SINGAPORE / ACCESSWIRE / August 28, 2019 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, reported today its consolidated interim unaudited results, as at and for the three-month and six-month period ended June 30, 2019.

Financial highlights

Net revenue during the second quarter of US$115.3mm, more than double Q1 2019 and nearly seven times Q2 2018. Net revenue for the six-month period to June 30, 2019 was US$171.7mm compared to US$35.8mm for H1 2018;
Positive cash generated from operations of US$59.3mm, before changes in working capital, interest and taxes, in Q2 2019, a more than 60% jump on Q1 2019 cash from operations of US$36.7mm, and compared to US$0.1mm for the same quarter a year ago. Cash generated from operations over the six-month period to June 30, 2019 was US$96.4mm compared to a net outflow of US$0.3mm for H1 2018;
Average price realisations of US$71.70/bbl, an increase of 6% over Q1 2019. Differentials at Montara and Stag continue to improve, with the latest liftings achieving total differentials to Dated Brent of US$4.32/bbl and US$10.60/bbl respectively;
Operating costs of US$21.74/bbl, excluding non-routine opex, including the Montara riserless light well intervention (“RLWI”), decreased by 9% from the prior quarter of US$23.75/bbl, and down 34% from the same quarter a year ago of US$32.70/boe;
Quarterly profit after tax of US$22.6mm, nearly a three-fold increase over Q1 2019 profit of US$8.4mm, and versus a loss of US$4.9mm in Q2 2018. Profit after tax for the six-month period to June 30, 2019 was US$30.9mm, compared to a loss of US$21.5mm for H1 2018;
Gross debt of US$73.4mm, reduced from US$86.6mm at end March 2019, as the Company continues to pay down its reserve-based lending facility; and
Gross cash and bank balances of US$66.4mm, excluding US$10.0mm cash deposited in support of a bank guarantee, resulting in a net debt position of US$7.0mm. Inclusive of restricted cash, the Company is in a net cash position.

Operational highlights

Ongoing safe operations at all assets, with the Stag production facility achieving nearly seven years without a lost time injury1;
Montara uptime was 82% in Q22, down slightly from 85% in Q1 due mainly to weather-related downtime in April, but materially ahead of the same period in 2018;
Production for the quarter averaged 13,315 bbls/d, decreased 8% from production reported for the March 2019 quarter3, due to planned downtime associated with commencement of the RLWI programme at Montara and weather, but nearly a four-fold increase over the same period a year ago;
Achieved three production liftings during the quarter, setting a new record of 1.6mm bbls sold, or a total of 2.3mm bbls for the six-month period to June 30, 2019, which compares to 0.6mm boe for H1 2018;
Completed drilling the Stag 49H infill well, which targeted 1.2mm bbls of reserves, and was brought on production in late May at a rate of 1,400 bbls/d. 49H is continuing to produce in line with expectations;
Completed the RLWI programme at Montara. This innovative programme, which would otherwise have required a significantly more expensive rig-based intervention, was completed on budget in mid-August, with all three accessed wells now contributing to the complex’s production;
Signed a heads of agreement (“HoA”) for the Nam Du/U Minh project gas sales and purchase agreement between Petrovietnam and the Company’s wholly owned Vietnamese subsidiaries in April, 2019;
Submitted the environmental impact assessment for the Nam Du/U Minh development project;
Completed front end engineering design (“FEED”) studies for the Nam Du/U Minh development project’s offshore facilities and pipelines; and
Finally, the Company’s safety case for the Montara assets was accepted by Australia’s offshore safety and environmental regulator, and operatorship of the asset was transferred to Jadestone on August 6, 2019.

Outlook

Group production in the second half of the year will continue benefitting from the Stag 49H infill well, in addition to the successful RLWI programme at Montara, and continued optimisation of production operations across the business;
Full year average group production guidance is reconfirmed at 13,500 – 14,500 bbls/d, within the larger range set out in Q1 2019;
Opex guidance for the full year is maintained at US$21- 24/bbl, reflecting an acceleration in opex reduction initiatives at Montara, following the transfer of operatorship;
Full year major spend remains on budget with the exception of the first infill well at Montara, where the tightening rig market in Australia will likely push the H6 infill well into H1 2020. This results in a reduction in full year major spend to within a range of US$73-88mm, but does not impact production guidance for this year;
Award recommendations for the Nam Du/U Minh offshore facilities engineering, procurement, and construction contract and floating production, storage, and offload vessel contract are expected in Q3 2019;
The Nam Du/U Minh field development plan is scheduled to be submitted to Petrovietnam and the Vietnam Government for approval, in late Q3 2019, leading to anticipated approval and final investment decision by end of 2019, as planned;
Continuing positive discussions with Pertamina and Indonesian regulators relating to the Company re-establishing an interest in the Ogan Komering asset, with timing driven by Indonesian regulatory processes; and
With Montara transition completed we are now starting to consider further inorganic opportunities to broaden the base, provide accretive value and grow the business, and subject to the Company’s strict evaluation criteria.

1 Lost time reporting for Montara will commence in Q3, post transfer of operatorship on August 6, 2019

2 After excluding downtime due to well interventions

3 Montara production averaged across the period Jan 11, 2019 to Mar 31, 2019, equivalent to Group production of 13,059 bbls/d if averaged across the full 90 days of Q1 2019

Paul Blakeley, President and CEO commented:

“I’m very pleased to report Jadestone’s results to June 30, 2019, with record quarterly revenue, profits and cash generation, and providing almost US$100 million cash from operations for the first half of the year. We are building a material business that is strongly cash flow generative, while providing growth through organic investment, both within our existing producing assets in Australia, as well as the new gas developments in Vietnam.

“In Australia, we successfully completed the Stag 49H infill well, which came on production at 1,400 bbls/d in May and continues to produce in line with expectations. At Montara, we completed an innovative subsea well intervention campaign which has successfully restored gas lift to key subsea wells and accessed additional reservoir sands. Importantly, all work at Montara is now being conducted with Jadestone as operator, following our safety case acceptance earlier this month by Australia’s upstream regulator. This is an arduous process in one of the world’s most highly regulated regimes and I have absolute confidence in our team’s ability to uphold our high standards with regards to health, safety, and environmental stewardship in our operations.

“In addition, we’re continuing to make good progress with our gas commercialisation in Vietnam, with acceptance of our environmental impact assessment for the Nam Du/U Minh development, and completion of front end engineering and design work for offshore facilities and pipelines. We’re also advancing contracts for major project components and commercial gas sales negotiations, leading towards field development plan submission in late Q3 2019, and continue to work towards formal development sanction later this year.

Our balance sheet is in excellent shape, with net debt effectively eliminated by mid-year, just nine months since we closed the Montara acquisition with a US$120 million RBL financing arrangement. 2019 is a transformational year for Jadestone and our forecast remains intact for organic cash flow to meet all ongoing re-investment plans, as well as generating distributable earnings for shareholders in the future.”

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SOURCE: Jadestone Energy Inc.

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