Monthly Archives: December 2019

TakeOut7 to Present at the LD Micro Main Event (XII)

LOS ANGELES, CA / ACCESSWIRE / December 10, 2019 / TakeOut7, Inc (www.takeout7.com), a privately held, technology platform that services independent restaurants nationwide, today announced that it will be presenting at the 12th annual LD Micro Main Event on day of the week, December 11th at 8:00 AM PST / 11:00 AM EST. Anurag Ahuja, CEO of TakeOut7, Inc will be presenting and meeting with investors.

TakeOut7's CEO Anurag Ahuja stated "Our technology platform is changing the way independent restaurants realize the benefits of online ordering. TakeOut7 helps independent restaurants take back control of their online customers from third-party aggregators and delivery companies. Our prepackaged digital marketing solutions help independent restaurants compete with regional and national chains. All of this is enabled by the restaurant-diner relationships built using our best in class online ordering platform."

"This year's Main Event is our largest event to date, with 275 companies set to present and meet with investors" stated Chris Lahiji, President of LD Micro. "Even though LD has emerged as one of the largest and most influential organizations in the space, our focus has never deviated from showcasing some of the more interesting businesses in the world to our ever-growing community. Investor interest in our events has also never been stronger, and that goes for our commitment to philanthropy as well."

The LD Micro Main Event will take place on December 10th-12th in Los Angeles, at the Luxe Sunset Bel Air Hotel, which will feature 275 companies, and will be attended by over 1,400 individuals.

Profiles powered by LD Micro – News Compliments of Accesswire

About TakeOut7

Founded in 2017, TakeOut7 has a unique value proposition that promises to change the restaurant technology space. With 15% month/month growth powered by access to 100k restaurants and growing, TakeOut7 is positioned to lead the next generation of online technology and marketing solutions for independent restaurants sector.

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space.

What started out as a newsletter highlighting unique companies has transformed into several influential events annually (Invitational, Summit, and Main Event).

SOURCE: TakeOut7, Inc 

ReleaseID: 567482

DSI Named One of the Country’s Top Turnaround Management Firms

CHICAGO, IL and LOS ANGELES, CA / ACCESSWIRE / December 10, 2019 / One of the leading resources for corporate restructuring professionals has named Development Specialists, Inc. (DSI) an Outstanding Turnaround Firm for 2019. Turnarounds & Workouts cited DSI and 12 of its senior financial professionals for exceptional work helping to turnaround and manage several financially distressed companies.

"We are honored to be included on this prestigious list for another year," said Bradley D. Sharp, CEO of Development Specialists, Inc. "It is always nice to be publicly recognized for doing quality work and getting the best results possible for your clients."

The firm and its consultants were singled out for the following outstanding achievements:

Chapter 11 Trustee of CFG Peru Investments Pte. Limited (Singapore)
Advisor to the Tort Committee in the Pacific Gas and Electric Company bankruptcy
Future Claimants Representative for USA Gymnastics
Outside Director of Daymen Acquisitions S.A. (Luxembourg)
Federal Court Receiver of 3si Systems, LLC
Chief Restructuring Officer and Financial Advisor to Woodbridge Group
Receiver for Direct Lending Investments, LLC
Chief Restructuring Officer and Financial Advisor to 1 Global Capital, LLC
Federal Court Receiver of Pandya Restaurants LLC, et al.
Financial Advisor to National Auto Lenders, Inc.
Chief Restructuring Officer of Total Finance AC LLC
Chief Restructuring Officer of Aéropostale, Inc., et al.
Administrative Advisor to the Litigation Trustee for Remington Arms
Assignee for the Benefit of Creditors of Accuworx Holdings, Inc., et al.
Assignee for the Benefit of Creditors of Teters Floral Products, Inc.

Senior professionals who have worked on those matters include:

William A. Brandt, Jr. – New York Office
Bradley D. Sharp – Los Angeles Office
Fred C. Caruso – Chicago Office
Patrick J. O'Malley – Chicago Office
Joseph J. Luzinski – Miami/Ft. Lauderdale Office
Geoffrey L. Berman – Los Angeles Office
Steven L. Victor – Chicago Office
R. Brian Calvert – Los Angeles Office
Thomas P. Jeremiassen – Los Angeles Office
A. Kyle Everett – San Francisco Office
Mark T. Iammartino – Chicago Office
Yale S. Bogen – Miami/Ft. Lauderdale Office

DSI has been named an Outstanding Turnaround Firm for at least the past 17 years. Turnarounds & Workouts considers hundreds of firms nationally for its annual list which is published at the end of each year.

About DSI:

Development Specialists, Inc. (DSI) is one of the leading providers of management consulting and financial advisory services, including turnaround consulting, financial restructuring, litigation support, fiduciary services and forensic accounting. Our clients include business owners, private-equity investors, corporate boards, financial institutions, secured lenders, bondholders and unsecured creditors. For almost 40 years, DSI has been guided by a single objective: maximizing value for all stakeholders. With our highly skilled and diverse team of professionals, offices in the U.S. and international affiliates and an unparalleled range of experience, DSI has built a solid reputation as an industry leader.

Media Contacts:

Todd Templin
Boardroom PR
954-370-8999/954-290-0810
ttemplin@boardroompr.com

SOURCE: Development Specialists, Inc.

ReleaseID: 569609

OnAsset Intelligence Inc. Partners with CarePod to Improve Pet Air Travel

Leveraging Technology to Keep Pet Owners Connected to Their Pets During Air Travel

IRVING, TX / ACCESSWIRE / December 10, 2019 / CarePod has developed a new, best-in-class standard for pet air travel and is partnering with OnAsset Intelligence to allow airlines the ability to digitally stay connected to pets throughout the journey. Pet owners will be able to receive their pets' travel updates and know where their pets are during the travel process. As the first of its kind, CarePod delivers an innovative pet travel solution that can be readily adapted into existing airline operations.

"Our innovative use of technology and breakthrough engineering solutions are matched by our passion for pet safety and well-being," said Jenny Pan, CEO and founder of CarePod. "Our goal is to transform the future of pet travel and by partnering with OnAsset, we can deliver a robust solution for tracking pet air travel."

CarePod's smart pet pods are German engineered and designed for pet safety and comfort. The smart pet pods have been developed to withstand the demanding conditions of air travel. Harnessing the power of Internet of Things (IoT) and tracking, the CarePod smart pet pods are embedded with OnAsset devices to connect to the enterprise CarePod Pet Aviation Web Solution (PAWS).

Through the CarePod PAWS platform, airlines can gain visibility on all smart pod travel movements, allowing them to monitor and supervise the entire pet travel process. The CarePod PAWS platform can also connect pet owners to their pet's travel journey and notify owners of their pet's travel updates.

"I am proud that OnAsset's products can be used by CarePod to deliver a comprehensive, first class pet travel solution," said Adam Crossno, OnAsset Intelligence CEO. "Pets are family and we've worked closely with the CarePod team to help ensure the reliability of our devices."

Today's announcement follows CarePod's recent entry with Delta Air Lines in the U.S. market, with domestic services for premium pet travel available at 8 locations within the United States.

For more information, please visit www.care-pod.com and www.onasset.com.

About OnAsset Intelligence Inc.:

Headquartered in Irving, Texas, OnAsset Intelligence is the global leader in airborne asset tracking services. OnAsset manufactures wireless devices that monitor all modes of transport including land, sea and air. Products and services include SENTRY and Sentinel wireless hardware, the Vision and OAInsight Monitoring Platforms, and enterprise API. Its flagship product, SENTRY FlightSafe®, is approved by commercial and cargo operators across the globe. For more information visit www.onasset.com.

About CarePod:

A global tech company headquartered in Singapore, CarePod is transforming pet air travel. CarePod's advanced engineering and smart technology solution provide first-class safety and care for pets like never before, enabling airlines to meet the needs of today's travelers and their pets. CarePod believes pets are at the core of modern families who want to live, work and travel together. Visit www.care-pod.com for more information and to subscribe to CarePod's pet air travel updates.

Contact:

972-659-1619
media@onasset.com

SOURCE: OnAsset Intelligence

ReleaseID: 568274

Lithium Corporation Sampling Results Belmont Tailings

ELKO, NV / ACCESSWIRE / December 10, 2019 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company"), a North American company focused on energy metals for the growing energy storage sector and high tech industries, is pleased to announce that it has received analytical results from the sampling program the Company performed on behalf of Summa, LLC on its 25% owned Tonopah Belmont mill tailings project in Nye County Nevada.

In the recent program a total of 11 holes were augered into the tailings at various strategic locations across the tailings pile in order to verify the results of individual holes that were drilled during Summa Corporation's 1976 evaluation. This work was tailored to achieve both in-fill evaluation, and also to establish a sound statistical basis for evaluating their resource determination validity. The shallowest hole in the program was located on the margin of the pile, and was only 3.06 feet (1.1 m's) deep, while the deepest hole encountered to date was more central in the pile and was 17.05 feet (5.2m's) deep. The two deepest holes of the program ended in good mineralization, but could not be completed. The average depth of the augered holes was 10.3 feet (3.15 m's).

The overall average determined from this work program was 1.29 ounces per ton silver, and 0.006 ounces per ton gold, which agrees with the results from the 43 hole program done in the 1970's that returned 1.30 ounces per ton silver, 0.006 ounces per ton gold. The greater significance of this program is that it does appear there is a deeper zone in some of the holes where the average is in the order of 2+ ounces silver, and .01 opt gold. This zonation was not so readily apparent from the earlier work due to a larger sample interval, and possibly cross sample contamination as a result of the drilling technique employed. Also this interpretation agrees with the historical record where it has been related that there was no early work with respect to reprocessing the tailings after the mill started production, and when they did commence work on that accord the early attempts were not particularly successful, hence these earlier higher grade tailings were buried and never reprocessed. This is significant as a higher grade zone would greatly enhance the start – up economics of tailings reprocessing. Lithium Corporation has suggested to its partners in Summa that more auger drilling be done, primarily to map out this higher grade zone, while increasing confidence in the earlier resource calculation.

About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, and looking to capitalize on opportunities within the ever-expanding next generation energy storage markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed Lithium mining company that is rapidly approaching the 245,000 ton per annum nameplate production at its 100% owned world-class Pilgangoora lithium pegmatite mine in Western Australia. Website: www.lithiumcorporation.com

Contact Info

Tom Lewis, CEO
Lithium Corporation
775-410-5287
info@lithiumcorporation.com

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

SOURCE: Lithium Corporation

ReleaseID: 569580

Baxter Shareholders: January 24, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 10, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action that has been filed on behalf of investors who purchased or otherwise acquired the securities of Baxter International Inc. ("Baxter" or the "Company") (NYSE:BAX) between February 21, 2019 and October 23, 2019, inclusive (the "Class Period").

If you purchased or otherwise acquired the securities of Baxter during the Class Period, you may move the Court for appointment as lead plaintiff by no later than January 24, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Baxter investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Baxter Securities Class Litigation

Baxter, based in Deerfield, Illinois, provides a broad portfolio of essential healthcare products, including acute chronic dialysis therapies, sterile intravenous (IV) solutions, infusion systems and devices, parenteral nutrition therapies, inhaled anesthetics, generic injectable pharmaceuticals, and surgical hemostat and sealant products.

The action alleges that during the Class Period, Baxter and certain of its officers made materially false and/or misleading statements and/or failed to disclose that: (i) certain intra-Company transactions, undertaken for the purpose of generating foreign exchange gains and losses, used foreign exchange rate conventions that were not in accordance with Generally Accepted Accounting Principles ("GAAP") and enabled intra-Company transactions to be undertaken after the related exchange rates were already known; 2) the Company lacked effective internal control over its financial reporting; (3) as a result, the Company's financial statements were misstated and would likely necessitate correction or amendment; (4) due to the Company's internal investigation, Baxter would not be able to timely file its quarterly report for the period ending September 30, 2019 with the Securities and Exchange Commission ("SEC") on Form 10-Q in a timely manner; and (5) as a result of the foregoing, Baxter and its officers' statements about the Company's business and operations lacked a reasonable basis at all relevant times.

On October 24, 2019, Baxter announced that it "recently began an investigation into certain intra-Company transactions undertaken for the purpose of generating foreign exchange gains or losses," and that according to the Company, "[t]hese transactions used a foreign exchange rate convention historically applied by the Company that was not in accordance with generally accepted accounting principles ("GAAP") and enabled intra-Company transactions to be undertaken after the related exchange rates were already known." The Company also admitted that these intra-Company transactions had "resulted in certain misstatements in the Company's previously reported non-operating income related to net foreign exchange gains" and acknowledged that upon completion of its investigation, "the Company expects to either amend its periodic reports previously filed with the SEC to include restated financial statements that correct those misstatements, or include in reports for future periods restated comparative financial statements that correct those misstatements." Following this news, the price of Baxter common stock fell $8.87 per share, or 10.1%, from a close of $87.95 per share on October 23, 2019 to close at $79.08 per share on October 24, 2019, on elevated trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com/.

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

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein, LLP

ReleaseID: 569692

iRobot Shareholders December 23, 2019 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 10, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action that has been filed on behalf of investors who purchased or otherwise acquired the stock of iRobot Corporation ("iRobot" or the ‘Company") (NASDAQ:IRBT) between November 21, 2016 and October 22, 2019, inclusive of (The "Class Period").

If you purchased or otherwise acquired the common stock of iRobot during the Class Period, you may move the Court for appointment as lead plaintiff by no later than December 23, 2019. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

iRobot investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

iRobot is a global consumer robot company that designs and builds robots to assist with household tasks. iRobot's most popular product is its Roomba line of autonomous robotic vacuum cleaners.

The actions allege that, throughout the Class Period, iRobot reported double-digit revenue growth, which it attributed to increasing demand for its Roomba products, and expanded gross margin due to distributor acquisitions, greater brand awareness and technological innovation. Unbeknownst to investors, iRobot was engaging in channel-stuffing in order to inflate its sales and revenues figures, and had acquired two of its largest distributors in order to facilitate and conceal this deceptive practice.

On April 23, 2019, after the close of trading, iRobot announced that its quarterly revenues were below analyst expectations and revealed surging inventory levels. Specifically, iRobot reported days in inventory ("DII") of 140 for the three months ended March 30, 2019, compared to DII of 101 for the same period in the year prior. Inventory also rose to $181 million as of March 30, 2019, up from $112 million in April 2018. Following this news, the price of iRobot's stock fell $30.15 per share, or more than 23%, to close at $100.42 per share on April 24, 2019.

On July 23, 2019, after the close of trading, iRobot cut its full-year fiscal 2019 revenue guidance as well as its earnings per share guidance. Following this news, iRobot's stock price fell from $15.12 per share, or nearly 17%, to close at $74.51 per share on July 24, 2019.

On October 22, 2019, after the close of trading, iRobot reported its third quarter 2019 financial results and cut the high end of its revenue expectations for the year. iRobot said it rolled back price increases after a "suboptimal" customer response. In addition, iRobot reported increased inventory levels once again, with third quarter 2019 ending inventory of $248 million or 149 DII compared to the $161 million or 113 DII a year prior. Following this news, iRobot's stock price fell $4.97 per share, or 9.2%, to close at $49.06 per share on October 23, 2019.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com.

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

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein, LLP

ReleaseID: 569688

Plantronics Shareholders: January 13, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 10, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action that has been filed on behalf of investors who purchased or otherwise acquired the securities of Plantronics, Inc. ("Plantronics" or the "Company") (NYSE:PLT) between January 2, 2018 and November 5, 2019, inclusive (the "Class Period").

If you purchased or otherwise acquired Plantronics securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than January 13, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Plantronics investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Plantronics, incorporated in Delaware and headquartered in Santa Cruz, California, designs, manufactures, and markets integrated communications and collaboration solutions.

Plaintiffs allege that, throughout the Class Period, Plantronics made materially false or misleading statements, failing to disclose that (1) the Company had engaged in channel stuffing to artificially increase its sales; (2) the Company's internal controls over inventory levels were not effective; and (3) the Company had not adequately monitored inventory levels leading up to multiple product launches.

On November 5, 2019, Plantronics disclosed a $65 million reduction in channel inventory "by reducing sales to channel partners" and significantly lowered its fiscal 2020 guidance. The same day, Plantronics announced that the Executive Vice President of Global Sales, Jeff Loebbaka, was departing the Company. On that news, the price of Plantronics common stock fell $14.44 per share, or 36.61%, from a closing price of $39.44 on November 5, 2019, to close at $25.00 per share on November 6, 2019, on extremely elevated trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com.

Follow us for updates on Twitter: https://twitter.com/LieffCabraser.

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

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein, LLP

ReleaseID: 569711

Nuinsco Resources’ Prairie Lake Project Receives Listing for Use in Certified Organic Production

OMRI Listing Means Continued Improvement in Value Proposition for Well-Located, Multi-Commodity Project

TORONTO, ON / ACCESSWIRE / December 10, 2019 / Nuinsco Resources Limited ("Nuinsco" or "the Company") (CSE:NWI) continues to advance the potential of its 100%-owned Prairie Lake project ("Prairie Lake") near Marathon in northwestern Ontario. The Company recently received a listing by the Organic Materials Review Institute ("OMRI") of the project's calcium carbonate rock for use as a soil amendment and in organic food production or food processing and handling according to the USDA's National Organic Program regulations, yet another indication of Prairie Lake's increasing value. Phosphate-bearing calcium carbonate rock (also known as phosrock) such as is found at Prairie Lake can be used to revitalize land which has lost its fertility as a result of excessive chemical farming.

In addition to the phosrock the Prairie Lake mineralization also contains a variety of rare earth elements ("REEs"), niobium and tantalum. The mineralization identified is entirely contained within the Prairie Lake carbonatite complex, presently encompassing an exploration target ("ET") of 515-630 million tonnes defined by 46 diamond drill holes.

"The Prairie Lake project encompasses a very large domain of phosphate mineralized carbonate rock; the use of this rock as a soil amendment and fertilizer has great potential economic significance for Nuinsco," said Paul Jones, CEO. "The ever increasing demand for food and for the means to maximize global agricultural production, the growing necessity to revitalize agricultural land worldwide, and the increasing significance of organic food production all point to the potential of a very large market for the OMRI-listed Prairie Lake phosphate rock. The relative ease with which Prairie Lake could potentially be exploited from surface using quarry methods points to the significance of Prairie Lake within Nuinsco's property portfolio."

The Prairie Lake project consists of 46 mineral claims covering an area of 630 ha. Logistically the project is superbly located, with ready access to power, road, rail and shipping infrastructure; it is easily accessed by an all-weather road from the TransCanada Highway 28 kilometres to the south.

About Nuinsco Resources Limited

Nuinsco Resources has over 45 years of exploration suc­cess and is a growth oriented, multi-commodity mineral explora­tion and development company focused on prospective oppor­tunities in Canada and internationally. Currently the Company has two properties in Ontario – the high-grade Sunbeam gold prospect near Atikokan and the large, multi-commodity) Prairie Lake project near Terrace Bay. In addition, Nuinsco has recently completed an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt – a project with the potential to provide near-term revenue.

Forward-Looking Statements

This news release contains certain "forward-looking statements." All statements, other than statements of historic fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate, "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world commodities markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and approvals, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

To learn more, please contact:

Paul Jones, CEO
paul.jones@nuinsco.ca
416 626-0470 x 229

Sean Stokes, Executive VP
sean.stokes@nuinsco.ca
416 626-0470 x 224

Cathy Hume, Consultant
cathy@chfir.com
416 868-1079 x 231

Website: www.nuinsco.ca

Twitter: @NWIResources

 

SOURCE: Nuinsco Resources Limited

ReleaseID: 569649

Kaskela Law LLC Announces Investigation on Behalf of Expedia Group, Inc. Shareholders – EXPE

PHILADELPHIA, PA / ACCESSWIRE / December 10, 2019 / Kaskela Law LLC is investigating Expedia Group, Inc. ("Expedia" or the "Company") (NASDAQ:EXPE) on behalf of the Company's shareholders.

The investigation seeks to determine whether Expedia's officers and/or directors have violated the securities laws or breached their fiduciary duties to shareholders in connection with recent corporate actions.

Expedia shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss this investigation and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/expedia-group-inc/.

Kaskela Law LLC represents shareholders in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com

SOURCE: Kaskela Law LLC

ReleaseID: 569646

Stonegate Capital Partners Updates Coverage on Steppe Gold Ltd. (TSX:STGO)

DALLAS, TX / ACCESSWIRE / December 10, 2019 / Steppe Gold Ltd. (TSX:STGO)

The full report can be accessed by clicking on the following link: http://stonegateinc.com/reports/STGO%20Q3FY19%20.pdf

COMPANY DESCRIPTION

Steppe Gold Ltd. (TSX:STGO) is a precious metals exploration and production company with current operations in Mongolia. The Company is currently developing its 100% owned Altan Tsaagan Ovoo Gold Project (ATO) acquired from Centerra Gold in September 2017, with production beginning in the fourth quarter. The Company's portfolio also contains an 80% ownership in an exploration-stage mineral property called the Uudam Khundii (UK) with a 20% joint venture partner. Steppe Gold became public as the only main board mining IPO in 2018 raising $25 million. The Company is headquartered out of Ulaanbaatar, Mongolia.

SUMMARY

Steppe Gold's flagship project Altan Tsaagan Ovoo (ATO) is fully constructed and recently received its final cyanide permit in Q4 2019, which allows production to begin. The Company had been awaiting the final permitting to begin the leaching process on its approximately 300,000 tonnes of material. The company is expected to begin recognizing revenue in Q1 2020.
The Company has been trial mining at ATO since November 2018, which has accumulated 300,000 tonnes mined at a grade of 2.13g/t gold for approximately 22,000 oz of gold currently crushed and stacked on Cell 1 of the leach pad. With permitting now complete, production will soon commence.
The ATO property is projected to produce strong annual cash flows once production commences with 2020 production expected to produce ~60,000 oz of gold per annum from the heap leach operation with cash cost per ounce of ~US$550 over the life of the mine
Upside potential for the flagship project remains as Steppe has three diamond core exploration drilling rigs focusing on resource extensions at AT01 and AT04 as well as Mungu, a high grade, near surface gold and silver potential site located northeast of the current resources at the ATO project. These expansion projects could lead to an increase in resources and expanded 150,000 oz per annum fresh rock crush and CIL operation.
Steppe Gold's Uudam Khundii (UK) property currently encompasses 14,397 hectares located 800km south-west of Ulaanbaatar and holds one exploration license. Steppe Gold has commenced initial exploration activities on the property including geological mapping, geochemical sampling, geophysical surveys, and trenching.
STGO's management is well established and has a long operating history in Mongolia. The Company's newly appointed CEO, Bataa Tumur-Ochir, has extensive experience operating in Mongolia as CEO of Wolf Petroleum ltd., an oil and gas exploration company, and Hunnu Coal Limited, a Mongolian Coal Company.
The Company announced a private placement of US$8.4 million completed in August 2019. Due to additional interest, the offering increased from the original US$5.4M of 10% 2-year unsecured convertible debentures exercisable at CAD$0.70/sh. With production beginning in Q1 2020, this should be sufficient to fund the Company's operations in the near term, however, an additional financing may be necessary for planned expansion.
The Company has strong ownership from key shareholders and insiders. The top 4 shareholders consisting of LIM advisors (11.94%), Atmacorp Asset Management (6.11%), Triple Flag Mining Finance (5.00%), and Elliott Management Corp. (3.6%) own approximately 26.6% of the shares outstanding
Based on our DCF and Comparable Companies analysis of STGO, we arrive at a valuation range of ~CAD$0.60 to $2.00, with a midpoint of ~$1.27; see page 7 for further details.

About Stonegate Capital Partners

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

CONTACT:

Stonegate Capital Partners
Shane Martin, CFA
(214) 987-4121
shane@stonegateinc.com

SOURCE: Stonegate Capital Partners

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