CALGARY, AB / ACCESSWIRE / August 27, 2019 / PetroFrontier Corp. (“PetroFrontier” or the “Company”) (TSXV:PFC) announces that the Company’s Second Quarter 2019 Financial Statements and Management’s Discussion and Analysis have been filed on SEDAR (www.sedar.com).

About PetroFrontier Corp.

PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta.

PetroFrontier’s head office is in Calgary, Alberta and its common shares are listed for trading on the TSXV under the symbol “PFC”.

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

For more information, please contact

Kelly Kimbley, President & CEO

PetroFrontier Corp.
Suite 900, 903 – 8 Avenue S.W.
Calgary, Alberta, Canada T2P 0P7
Telephone: (403) 718-0366
Email: info@petrofrontier.com
Website: www.petrofrontier.com

SOURCE: PetroFrontier Corp.

ReleaseID: 557676

Class-action law firm urges ADTN investors to learn their shareholder rights against ADTRAN, Inc. in filed lawsuit

SAN FRANCISCO / ACCESSWIRE / August 27, 2019 / Hagens Berman Sobol Shapiro LLP reminds investors in ADTRAN, Inc. (NASDAQ: ADTN) of the firm’s investigation of possible disclosure violations.

If you invested in ADTRAN before August 14, 2019 and suffered losses or have information that may assist this investigation contact Hagens Berman:

https://www.hbsslaw.com/investor-fraud/ADTN

or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

ADTN@hbsslaw.com.

The firm’s investigation concerns the Company’s accounting for its excess and obsolete inventory reserves (“E&O reserves”).

On July 17, 2019, ADTRAN announced “preliminary” earnings for 2Q 2019 due to the Company’s assessment of its current and previously reported E&O reserves. This news caused ADTRAN shares to plummet over 23% on July 18, 2019.

Then, on August 12, 2019, ADTRAN disclosed its inability to timely file its quarterly financial report with the SEC. The Company admitted to material weaknesses in its internal control resulting in a misstatement of the Company’s previously reported E&O Reserves.

“We’re focused on investors’ losses and whether ADTRAN intentionally misled investors by failing to timely write off unsalable inventory,” said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding ADTRAN should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email ADTN@hbsslaw.com.

About Hagens Berman

Hagens Berman is a national law with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 557646

Analyst Says CTST “Isn’t Buyable” Given Company “Purposely Deceived” Regulators

SAN FRANCISCO, CA / ACCESSWIRE / August 27, 2019 / Hagens Berman Sobol Shapiro LLP reminds investors in CannTrust Holdings Inc. (NYSE:CTST) of the September 9, 2019 Lead Plaintiff deadline in the securities class action, Huang v. CannTrust Holdings Inc., No. 1:19-cv-06396, pending in the U.S. District Court for the Southern District of New York.

Over the past several weeks, a string of negative news about the Company has sent CannTrust’s share prices reeling. This news included (1) the firing of CEO Peter Aceto and forced resignation of President & Chairman Eric Paul, (2) the outside auditor’s withdrawal of audit reports for the last quarter and full-year, (3) Health Canada’s determination the Company’s second major facility in Vaughan, Ontario is non-compliant, and (4) Wholesaler Ontario Cannabis Store return of large quantities of CannTrust cannabis as “Non-Compliant.”

Most recently, on August 22, 2019, Motley Fool analysts warned that CTST “isn’t buyable” given that the company had “purposefully deceived regulators” and the uncertainty with respect to its growing license.

If you invested in CannTrust between November 14, 2018 and July 12, 2019 and suffered losses of $100,000+, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.

If you wish to serve as a lead plaintiff in this class action, you must move the Court no later than September 9, 2019 (the “Lead Plaintiff deadline”). Contact Hagens Berman immediately for more information about the case and being a lead plaintiff:

https://www.hbsslaw.com/hagens-berman-fraud-center/canntrust

or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

CTST@hbsslaw.com.

According to the complaint, Defendants concealed that (1) CannTrust was growing cannabis in its Pelham greenhouse while applications for regulatory approval were still pending, (2) the greenhouse did not comply with certain regulations, and (3) it was reasonably likely that Health Canada would place an inventory hold until the Pelham facility becomes compliant with applicable regulations.

“We’re focused on investors’ losses and whether Defendants misrepresented and concealed CannTrust’s compliance with applicable laws and regulations,” said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding CannTrust should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email CTST@hbsslaw.com.

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About Hagens Berman

Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:

Reed Kathrein, 510-725-3000

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 555328

VANCOUVER, BC & KNOXVILLE, TN / ACCESSWIRE / August 27, 2019 / Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSXV:SOLR)(OTC:SAENF) is pleased to announce it has closed the first tranche of its non-brokered private placement offering (the “Offering”) announced on August 6, 2019. The Offering comprises the issuance of up to 6,000,000 units (each a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $300,000. Each Unit will consist of one common share of the Company (each, a “Share”) and one Share purchase warrant (a “Warrant”). One Warrant will entitle the holder thereof to purchase one Share of the Company at a price of $0.07 per Share for a period of one year from the date of issue.

On August 22, 2019, the Company issued an aggregate of 2,405,000 Units for gross proceeds of $120,250. All securities issued and issuable are subject to a hold period in Canada expiring on December 23, 2019.

On August 22, 2019, the Company has also issued 3,266,666 common shares at a price of $0.05 per common share to settle an aggregate of $163,333.33 of unpaid fees to CEO Michael Clark and Golden Oak Services, which provides CFO and Corporate Secretary services to Solar Alliance.

Certain insiders of the Company (the “Purchasing Insiders”) are participating in the Offering. Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), a purchase by the Purchasing Insiders would be a “related party transaction”. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Offering in reliance on sections 5.5(a) and 5.7(a), respectively, of MI 61-101, as neither the fair market value of the securities received by such parties nor the proceeds for such securities received by the Company exceeds 25% of the Company’s market capitalization as calculated in accordance with MI 61-101.

Prior to closing tranche 1 of the Offering Tom Anderson beneficially owned and controlled an aggregate of 98,239,082 common shares of the Company, representing an aggregate beneficial ownership interest of approximately 45.7% of the issued and outstanding shares of the Company (pre-closing tranche 1 of the Offering and post-issuance of the shares for debt).

After closing tranche 1 of the Offering, Anderson beneficially owns and controls an aggregate of 99,039,082 common shares of the Company, representing an aggregate beneficial ownership interest of approximately 45.6% of the issued and outstanding shares of the Company (post-issuance of the tranche 1 shares) change of 0.1% from prior to closing tranche 1 of the Offering.

Myke Clark, CEO

For more information:

Solar Alliance Sales
(865) 309-4674

Solar Alliance
Myke Clark, CEO
604-288-9051
mclark@solaralliance.com

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in California, Tennessee, North/South Carolina and Kentucky and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed $1 billion of wind and solar projects that provide enough electricity to power 150,000 homes. Our passion is improving life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers’ vulnerability to rising energy costs, offers an environmentally-friendly source of electricity generation, and provides affordable, turnkey clean energy solutions.

Statements in this news release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

“Neither 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: Solar Alliance Energy Inc.

ReleaseID: 557693

TORONTO, ON / ACCESSWIRE / August 27, 2019 / Findev Inc. (“Findev” or the “Corporation”) (TSXV:FDI), held its Annual General Meeting (“AGM”) of Shareholders of the Corporation in Toronto on Friday August 23, 2019.

The results of the Shareholders’ voting was as follows:

each Devon Cranson, Niall Finnegan, Anthony Heller, David Roff, Brice Scheshuk and Sruli Weinreb received in excess of 99% of the votes cast to be re-elected as director to serve until the next AGM or upon their resignation;
99.99% of the votes cast voted in favour of re-appointing Dale Matheson Carr-Hilton Labonte LLP as the Corporation’s external auditors; and
98.22% the votes cast were in favour of the re-approval of the Corporation’s incentive Stock Option Plan.

Of 28,647,441 common shares issued and outstanding, 13,981,427 common shares were voted via proxy and 289 common shares in person representing 48.81%, being held by a total of 22 Shareholders.

About Findev

Findev is a publicly traded real estate finance company focused on financing real estate developers with shorter-term loans of one to five years during the development or redevelopment process. Loans are secured by investment properties and real estate developments throughout the Greater Toronto Area. Findev’s unique market advantages include its expertise in real estate development and access to its real estate development partners. As a result, Findev is uniquely suited to assist developers engaged in challenging projects. For further information please visit Findev’s website at www.findev.ca.

On behalf of the Company,

Sruli Weinreb, CEO
(647) 789 – 5188
sweinreb@findev.ca

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.

# # #

Forward-Looking Statements

Certain statements in this document may constitute “forward-looking” statements, which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use words like “may”, “will”, “expect”, “continue”, “believe”, “plan”, “intend”, “would”, “could”, “should”, “anticipate” and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the “Risk Factors” section of the Corporation’s the most recently filed Annual Report which is available on SEDAR at www.sedar.com.

Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

SOURCE: Findev Inc.

ReleaseID: 557578

CEDARHURST, NY / ACCESSWIRE / August 27, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No classes have yet been certified in the actions below. 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://kclasslaw.com/securities/diebold-nixdorf-incorporated-loss-submission-form/?id=3218&from=1

Mallinckrodt Public Limited Company (NYSE:MNK)

Investors Affected: February 28, 2018 – July 16, 2019

A class action has commenced on behalf of certain shareholders in Mallinckrodt Public Limited Company. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Acthar posed significant safety concerns that rendered it a non-viable treatment for ALS; (ii) accordingly, Mallinckrodt overstated the viability of Acthar as an ALS treatment; 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://kclasslaw.com/securities/mallinckrodt-public-limited-company-loss-submission-form/?id=3218&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://kclasslaw.com/securities/cardinal-health-inc-loss-submission-form/?id=3218&from=1

Kuznicki Law PLLC 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:

Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 344
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967

SOURCE: Kuznicki Law PLLC

ReleaseID: 557687