Monthly Archives: March 2020

Creative Diagnostics Releases PLGA Nanoparticles for Bio-applications

Creative Diagnostics launches a full range of PLGA nanoparticles with multiple sizes from 100 nm to 500 µm.

Shirley, United States – March 27, 2020 /MarketersMedia/

With years of experience in the pharmaceutical and life science sector, Creative Diagnostics now launches a full range of PLGA nanoparticles with multiple sizes from 100 nm to 500 µm. These new highly uniform PLGA particles are mostly made with an L/G ratio of 50/50 and a few kinds with an L/G ratio of 75/25, which are applicable for bioimaging and medical devices, drug delivery, theranostics, biomedical devices, and immunoasssays.

Nanoparticles generally refer to particles in the size range of 0.1 to 100 nm, where particles show completely novel physicochemical properties from their bulk counterpart. Considering the various applications of nanoparticles in biological and medical research, Creative Diagnostics strives to provide the most comprehensive list of nanoparticles products with different sizes and surface properties to meet bio-scientists’ needs in both research and industrial development, and PLGA nanoparticles are one of the good examples.

Poly(lactic-co-glycolic acid) (PLGA) particles are known to have a unique ability to achieve controlled drug release, as well as to serve as excellent models for controlled degradation rate measurements. Creative Diagnostics now offers new PLGA nanoparticles for researchers focusing on study fields like cell labeling, coating materials for drugs, drug carriers, and drug delivery. New products such as the DiagPoly™ Fluorescent Poly(lactic-co-glycolic acid) PLGA Microspheres, and DiagPoly™ Fluorescent Poly(lactic-co-glycolic acid) PLGA Nanoparticles are all available at Creative Diagnostics.

“Creative Diagnostics focuses on nanoparticles products for research applications. We’re pleased to introduce these new PLGA nanoparticles products and related services for all researchers to address scientific issues. As a leading provider of various nanoparticles, Creative Diagnostics will continue to keep close collaboration with scientists and provide expert support to the global researchers.” said Dr. Jessica Waldorf, chief scientific officer of R&D department, at Creative Diagnostics.

“We are excited to expand our nanoparticles offerings to the global research communities, as Creative Diagnostics is always committed to offering widely applicable and technically successful products and services to our customers. As a research tool, these PLGA nanoparticles are easy to use and will bring our customers more successful project results, and it’s great to make some contributions to their scientific research and development.” said Alex, one of a senior scientific officers at Creative Diagnostics.

For more detailed information on PLGA nanoparticles, please contact Creative Diagnostics directly at 1-631-619-7922 or email to contact@creative-diagnostics.com. You’ll find more about their newly released products.

About Creative Diagnostics

Creative Diagnostics is a global leading manufacturer and supplier of various nanoparticles, microparticles and their coatings for R&D and commercialization in a wide variety of application areas including in vitro diagnostics, biochemistry, cellular analysis, cell separation, and immunoassay. It also offers various custom services including chemical surface-functionalized, fluorescent modification, antibody immobilization, nucleic acid and oligo conjugation to meet clients’ specifications.

Contact Info:
Name: Thomas Schmitt
Email: Send Email
Organization: Creative Diagnostics
Address: 45-1 Ramsey Road, Shirley, NY 11967, USA
Phone: 16316197922
Website: https://www.cd-bioparticles.com/

Source URL: https://marketersmedia.com/creative-diagnostics-releases-plga-nanoparticles-for-bio-applications/88951401

Source: MarketersMedia

Release ID: 88951401

Tony Amaradio Shares Insights On Budgeting

In the Old Testament’s Proverbs, Solomon warned that assets must be attentively governed, or risk being lost permanently

Aliso Viejo, CA – March 27, 2020 /MarketersMedia/

Many families are continuously looking for new ways to save money while still practicing their faith, in a time when writing down expenses is not a common practice anymore. Tony Amaradio, financial consultant, explains that a faith based budget is needed when it comes to saving and living like a true Christian. The co-author of best selling book, “Faithful with Much” highlighted many principles provided within the Scripture, including diligence, wisdom and self-restraint, that are pertinent when creating a fiscal plan worthy of God’s blessing.

In the Old Testament’s Proverbs, Solomon warned that assets must be attentively governed, or risk being lost permanently, “Be diligent to know the state of your flocks, and attend to your herds; for riches are not forever, nor does a crown endure to all generations.” The King’s words are still true today for those who don’t plan appropriately and spend without purpose, as is his promise for those who do, “When the hay is removed, and the tender grass shows itself, and the herbs of the mountains are gathered in, the lambs will provide your clothing, and the goats the price of a field; you shall have enough goats’ milk for your food, the food of your household, and the nourishment of your maidservants.” Wise and earnest allocation of funds and resources will assist in the prosperity of family and children for generations to come.

When prioritizing a Christian budget, food, shelter, necessities, and stewardship must take prime importance. In order to help realize that God owns everything, and the immense responsibility of His stewards, Tony Amaradio points to Psalm 24:1, “The earth is the Lord’s, and everything in it, the world, and all who live in it.” A rewarding spiritual budget should account for generous donations to God and others in need before any excess spending, and if an item is not in the budget, it should not be purchased. As told in Proverbs 22:7, excessive debt leads individuals to serve others than the Lord, “The rich rules over the poor, and the borrower is servant to the lender.”

With streamlined technology available for computers, tablets and smartphones, budgeting is now more accommodating than ever. Christian Personal Finance offers ten household finance spreadsheets, free for download. The programs are optimized for Excel and its free version, OpenOffice.

Tony Amaradio is the Founder and Chief Strategist of Select Portfolio Management, Inc. After developing one of the first comprehensive wealth management models in the country, Amaradio became recognized as a visionary and innovator within the financial services industry. He has since specialized his strategies to assist Christian ministries and other philanthropic groups in their planning and preservation of funds. In addition to being the host of 20-year radio show, “Market Talk,” he also co-wrote “Faithful with Much” with his wife, Carin. The successful book chronicles the couple’s personal trials with God, while breaking down the barriers to generous giving.

Anthony Amaradio – Visionary & Strategic Philanthropist: http://anthonyamaradionews.com

Tony Amaradio – The Best Thing You’ve Ever Done! on Vimeo: https://vimeo.com/313895972

Anthony Amaradio – Facebook: https://www.facebook.com/Anthony-Amaradio-580623782054204/

Contact Info:
Name: AAN
Email: Send Email
Organization: AnthonyAmaradioNews.com
Website: http://www.anthonyamaradionews.com

Video URL: https://www.youtube.com/watch?v=Nz0jAilnkPg

Source URL: https://marketersmedia.com/tony-amaradio-shares-insights-on-budgeting/88951404

Source: MarketersMedia

Release ID: 88951404

Daniel Yomtobian Introduces Innovative Solution for Text-Based Banner Ads

The goal for advertising campaigns is to reach the targeted demographic as directly as possible.

Los Angeles, CA – March 27, 2020 /MarketersMedia/

Daniel Yomtobian, Advertise.com founder, has introduced an innovative solution regarding text-based banner ads. The new tool, named Adable, provides related to context, text-based ads that match a site’s real content. This technology has been redesigned by combining both contextual and behavioral data to achieve more engaging advertisements with a higher relevancy to its viewer. With immediate ad delivery based on the content users are already engaging with, Adable ensures a much greater ROI for advertisers, as well as, a more useful set of ads for the user. From a marketing perspective, the product connects the best on both sides of the marketing spectrum for more specific targeted results.

The goal for advertising campaigns is to reach the targeted demographic as directly as possible. This has redefined the entire Internet marketing industry – with companies like Yomtobian’s Advertise.com leading the way in both innovation and results. Old-fashioned Internet-based advertising primarily focused on the cost-per-impression (CPI). Early on, Yomtobian recognized the problem with traditional CPI payments for banner ads; it inevitably leads to wasted money. In efforts to improve the overall marketing return-on-investment, contextual and relevance-based advertising was introduced. This type of relevance is precisely where Adable can achieve an even better ROI for advertisers. Adable’s contextual advertising product addresses these problems in two important ways. The technology automatically assures that relevant ads are being directly published onto sites that connect with its visitors. Secondly, the platform allows for a seamless integration within a site’s current design. This dual focus permits site owners to interweave the Adable technology into their websites without disrupting the user experience. Users are able to enjoy the site they’re visiting – while seeing contextually relevant, non-intrusive text-based ads.

Adable’s customizable platform offers an impressive range of benefits for advertisers. It allows for a variety of different ad sizes for simple integration with any page layout. Ad unit sizes range from 728×90 to 300×600 in any combination advertisers require. Beyond the dimensions, advertisers can also customize the ad unit with multiple color options for title, text, and arrows to match a site’s color scheme. The ads can even seamlessly integrate within mobile-optimized sites, meaning they will reach their targeted audience no matter where they are. Finally, the competitive CPI yields excellent results for advertisers across a breadth of industries. According to Yomtobian, all of these benefits come together to create a better user experience for site visitors. This level of engagement also yields a better result for marketing campaigns.

Daniel Yomtobian originally founded Advertise.com in 2001, and since then the company has grown into the world’s largest privately held keyword pay-per-click (PPC) network. Yomtobian is proud of his company’s success, “We launched Advertise.com to provide advertisers and publishers a new value proposition — effective, affordable, and easy-to-use advertising campaigns all under one roof.” From his early start as a web designer and Internet marketer, Daniel Yomtobian has helped thousands of businesses drive targeted visitors to their websites. Today, Daniel is considered a pioneer in the online advertising industry and was recently described by C-Suite Quarterly as a “…young leader [who] will continue to play an important role in shaping the online world of tomorrow”.

Daniel Yomtobian – Ernst Entrepreneur of Online Advertising: http://www.DanielYomtobianInfo.com

Daniel Yomtobian – CEO & Founder @ Advertise.com – crunchbase: https://www.crunchbase.com/person/daniel-yomtobian

Daniel Yomtobian – Facebook: https://www.facebook.com/Daniel-Yomtobian-174812072662757/

Contact Info:
Name: DYI
Email: Send Email
Organization: DanielYomtobianInfo.com
Website: http://www.danielyomtobianinfo.com

Video URL: https://www.youtube.com/watch?v=NoZr4UgvY8Q

Source URL: https://marketersmedia.com/daniel-yomtobian-introduces-innovative-solution-for-text-based-banner-ads/88951405

Source: MarketersMedia

Release ID: 88951405

Electrovaya Announces Results of Annual Shareholders’ Meeting and Update on Outstanding Debentures

TORONTO, ONTARIO / ACCESSWIRE / March 27, 2020 / Electrovaya Inc. (TSX:EFL),(OTCQB:EFLVF) (the "Company") is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2020 Annual Meeting held on March 27th, 2020 in Toronto, Ontario, were approved. The six directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Bejoy Das Gupta, Dr. James Jacobs, Dr. Alexander McLean, Dr. Carolyn Hansson and Mr. John A. Macdonald, were each elected as directors by over 96% of the votes cast for and less than 4% of the votes withheld at the Meeting for each director individually. Detailed results of the vote are set out below:

Nominee

Votes For

Votes Withheld

Percentage of Votes For

Percentage of Votes Withheld

Dr. Sankar Das Gupta

38,200,847

510,554

98.68%

1.32%

Dr. Bejoy Das Gupta

37,288,597

1,422,804

96.32%

3.68%

Dr. Alexander McLean

38,516,537

194,864

99.50%

0.50%

Dr. Carolyn Hansson

37,630,437

1,080,964

97.21%

2.79%

Dr. James K. Jacobs

37,645,097

1,066,304

97.25%

2.75%

Mr. John A. Macdonald

37,649,391

1,062,010

97.26%

2.74%

 

Goodman & Associates LLP, were re-appointed as the auditors of the Company.

Additional details will be included in the report of voting results filed under the Company's profile on SEDAR at www.sedar.com.

Update with Respect to Settlement of Outstanding Debentures

The Company's 9% convertible unsecured subordinated debentures (the "Debentures") issued to an institutional investor in the principal amount of $15 million mature on March 27, 2020. The Company is in negotiations with the debenture holder and its secured lenders with respect to the Debentures. The Company will update the market with additional information as soon as it is available.

For more information, please contact:

Electrovaya Inc.
Email: ir@electrovaya.com
Phone: (905) 855-4618

About Electrovaya Inc.

Electrovaya Inc. (TSX:EFL),(OTCQB: EFLVF) designs, develops and manufactures proprietary lithium ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology-focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe.

To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.

Forward-Looking Statements

This press release contains forward-looking statements relating to the Company's intentions with respect to settlement of the outstanding $15 million principal amount of convertible unsecured debentures, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited the debentureholders' and secured lenders' intentions and actions with respect to any settlement of the debentures. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2019 under "Risk Factors", and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Electrovaya, Inc.

ReleaseID: 582959

GLG Life Tech Corporation Announces Delay in Filing Year-End Filings

VANCOUVER, BC / ACCESSWIRE / March 27, 2020 / GLG Life Tech Corporation (TSX:GLG)(OTCPINK:GLGLF) ("GLG" or the "Company"), a global leader in the agricultural and commercial development of high-quality zero-calorie natural sweeteners, announced today that it intends to delay the filing of its annual financial statements, its management discussion and analysis relating to its annual financial statements, its Annual Information Form and CEO and CFO certifications, all in respect of its year ended December 31, 2019 (collectively, the "Required Documents"), beyond the prescribed deadline of March 30, 2020.

The coronavirus (COVID 19) in China has impacted the efforts of the Company's management to complete the Required Documents. The Chinese government-mandated temporary shutdown of businesses, including the Company's manufacturing subsidiaries, and mandatory travel restrictions and quarantine periods, has resulted in a delay in the Company's efforts to complete the Required Documents. These nationwide shutdowns impacted the ability of the Company to obtain audit evidence, primarily from third parties that were also subject to the shutdowns, required by the Company's auditors in order to complete the audit.

With the Company's recent resumption of operations in China, the Company's management, together with its audit committee, has been cooperating and will continue to cooperate with its auditors to provide all necessary information and complete the Required Documents as soon as possible. The Company expects that the Required Documents will be filed on or before May 14, 2020. The Company is relying on the exemption provided in BCI 51-515 – Temporary Exemption from Certain Corporate Finance Requirements (and similar exemptions provided by other Canadian Securities Administrators) for this delay in filing the Required Documents, which provides a 45-day extension for periodic filings normally required to be made by issuers.

The Company affirms that management and other insiders are subject to a trading black-out policy of the Company that reflects the principles in section 9 of National Policy 11-207. The Company also affirms that there have been no material business developments since the date of the Company's most recent filing of its interim financial reports, other than matters previously disclosed by the Company.

For further information, please contact:

Simon Springett, Investor Relations
Phone: +1 (604) 669-2602 ext. 101
Fax: +1 (604) 662-8858
Email: ir@glglifetech.com

About GLG Life Tech Corporation

GLG Life Tech Corporation is a global leader in the supply of high-purity zero calorie natural sweeteners including stevia and monk fruit extracts used in food and beverages. GLG's vertically integrated operations, which incorporate our Fairness to Farmers program and emphasize sustainability throughout, cover each step in the stevia and monk fruit supply chains including non-GMO seed and seedling breeding, natural propagation, growth and harvest, proprietary extraction and refining, marketing and distribution of the finished products. Additionally, to further meet the varied needs of the food and beverage industry, GLG, through its Naturals+ product line, supplies a host of complementary ingredients reliably sourced through its supplier network in China. For further information, please visit www.glglifetech.com.

Forward-looking statements: This press release may contain certain information that may constitute "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward looking statements include statements with respect to the anticipated date of filing of the Required Filings.

While the Company has based these forward-looking statements on its current expectations about future events, the statements are not guarantees of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors include amongst others the effects of general economic conditions, including the effects of COVID-19, consumer demand for our products and new orders from our customers and distributors, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. Specific reference is made to the risks set forth under the heading "Risk Factors" in the Company's Annual Information Form for the financial year ended December 31, 2018. In light of these factors, the forward-looking events discussed in this press release might not occur.

Further, although the Company has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

As there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, readers should not place undue reliance on forward-looking statements.

SOURCE: GLG Life Tech Corporation

ReleaseID: 582956

GreenBank Announces Procedural Changes to April 8th, 2020 AGM Due to Covid-19 Concerns, and Provides Additional Information to Shareholders Related to the Matters to be Acted Upon at the AGM.

This news release is not for distribution or dissemination in the United States of America

TORONTO, ON / ACCESSWIRE / March 27,2020 / GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that, further to the Notice of Annual and Special Meeting, and accompanying Information Circular and Proxy Card which were filed on SEDAR and mailed to all shareholders of the company as of the March 12, 2020 Record date, procedural changes will be taking place for the April 8th 2020 meeting. After discussions with pertinent regulators in Canada , out of an abundance of caution, to proactively deal with the unprecedented public health impact of coronavirus disease 2019, also known as COVID-19, and to mitigate risks to the health and safety of our shareholders, employees and other stakeholders, GreenBank will hold its Meeting as scheduled albeit in in a virtual only format, which will be conducted via live audio webcast. Shareholders will have an equal opportunity to participate at the Meeting online regardless of their geographic location. Completed registered shareholder Proxies can be mailed ahead of time, as usual to GreenBank's transfer agent, Reliable Stock Transfer at 100 King Street West, Suite 5700, Toronto, ON, M5X 1C7 or they can be completed, scanned, and emailed to info@reliablestocktransferinc.com for tabulation in advance of the meeting.

The meeting will be held online at https://bit.ly/GreenBankAGM at the previously scheduled time of 10AM EST on April 8th 2020. Attendees may also join by phone by dialing +1-778-907-2071 and entering passcode 971-418-996

Additional Information to Shareholders Related to the Matters To Be Acted Upon at the Annual General and Special Meeting Taking place on April 8, 2020

Below are added details regarding some the matters which will be considered for discussion and/or vote at the Annual and Special Meeting on April 8, 2020. This information is designed to be read alongside the Information Circular which was sent to all shareholders of the Corporation on March 12, 2020:

Details of 19 % Investment of Staminier Limited Completed March 11, 2020 and Proposed Acquisition of the Remaining 81% of Staminier to be Voted Upon at the April 8, 2020 Meeting.

Details of the 19% Investment Staminier Limited Completed March 11, 2020

As previously announced, Greenbank entered into a Share Purchase Agreement (the "Share Purchase Agreement") in an arms-length transaction to acquire an interest in Staminier Ltd. (the "Acquisition"). Staminier Ltd. ("Staminier") is a UK-based investment company with a diversified portfolio of public and private investments. On March 11, 2020, GreenBank acquired a 19% equity interest in Staminier for consideration of 22,494,262 GreenBank common shares, pursuant to the Share Purchase Agreement.

Staminier is a United Kingdom based merchant banking business whose overall strategy is to acquire substantial interests in undervalued fast-growing companies with at least five years profitability and proven cash flow. Staminier also provides private and public companies with business advisory, corporate finance and marketing services. Its net assets, audited as of July 31, 2019, reported net assets of approximately $3.9 million CAD. Staminier's Board of Directors have confirmed no adverse changes between July 31, 2019 and March 11, 2020 and the transaction is subject to a purchase price adjustment clause for any loss of value. Staminier's assets include 3500 Berkshire Hathaway B shares, 51% of EcoSpace 41, a private steel-framed house building company, and an option over 13 acres of land at London, Gatwick airport, and a portfolio of investments with an audited net asset value of £2.5million. Staminier also has a pipeline of transactions under consideration.

Key terms of the 19% Investment include :

GreenBank acquires 19% of Staminier Limited by the issuance of 22,494,262 GreenBank common shares
GreenBank receives an initial 480,000CAD funding line from Staminier for general working capital purposes, which will enable GreenBank to continue to develop its business interests.
GreenBank acquires a 6 month call option to acquire the remaining 81% of Staminier for 87,789,202 five year non-interest bearing non-voting convertible loan notes which grant the holder the right, on demand, to convert each loan note into one new common share provided that, until such time as a prospectus and other regulatory requirements have been fulfilled by GreenBank, the loan note conversion does not result in loan note holders owning more than 45% of the voting shares of GreenBank.
Staminier has the right to nominate one person to the GreenBank Capital Board of Directors
Staminier acquires a 1 year put option (to be activated on the expiry of the aforementioned GreenBank Capital call option) to sell the remaining 81% to GreenBank Capital for 87,789,202 common shares of GreenBank subject to Staminier having a net asset value of not less than £2.25 million (CAD 3.86 million) on a pro forma basis, GreenBank Capital shareholders passing a special resolution as outlined below, on closing that the outstanding amount on the credit line between Staminier and GreenBank is expensed, and meeting all regulatory requirements, including the filing of a prospectus if necessary
The conversion of $657,681 CAD of GreenBank accounts payable due to Mrs Zara Wettreich and $52,170 CAD of GreenBank accounts payable due to Mr. David Lonsdale into 5 year 3% convertible Loan Notes. These conversions were approved by Mrs. Wettreich and Mr. Lonsdale respectively and took effect at the closing of the Acquisition
A six month resale restriction on share sales by any GreenBank shareholder owning over 10% of the post-investment share capital of GreenBank after closing..
A Purchase Price adjustment for any shortfall in Staminier's Net Asset Value between July 31, 2019 and the Net Asset Value on the closing of the exercise of the 81% call option.

As a result of the Staminier investment, GreenBank now has 50,065,128 common shares issued and outstanding.

Proposed Acquisition of the Remaining 81% of Staminier to be Voted Upon at the April 8, 2020 Annual General and Special Meeting of GreenBank Shareholders

As referenced above, as part of the March 11th, 2020 investment in Staminier, GreenBank has acquired a six month option (until September 11, 2020) to acquire the remaining 81% equity interest in Staminier Ltd by issuing to Staminier shareholders 87,789,202 five year non-interest bearing non-voting convertible loan notes which grant the holder the right, on demand, to convert each loan note into one new common share provided that, until such time as a prospectus and other regulatory requirements have been fulfilled by GreenBank, the loan note conversion does not result in loan note holders owning more than 45% of the voting shares of GreenBank.

Timelines of the Acquisition

March 11th, 2020 – GreenBank purchased a 19% interest in Staminier and acquired a 6 month conditional option to acquire remaining 81% (the "Option").
March 11th, 2020 – September 10th, 2020 – GreenBank option period.
During this period, GreenBank has the right to exercise the Option and acquire the remaining 81% of the shares of Staminier Limited, subject to the fulfilling the conditions of the Acquisition.
September 12th 2020 – September 11th 2021 – During this period, if the GreenBank option period described above has expired without GreenBank exercising the Option (and subject to the Conditions to the Acquisition being met), Staminier has the right to require GreenBank to acquire the residual 81% of Staminier's issued share capital (the "Put Option") subject to Staminier having a net asset value of not less than £2.25 million (CAD 3.86 million) on a pro forma basis.

Issued and Outstanding Shares Pre- Proposed Acquisition and Post- Proposed Acquisition

As of this date, GreenBank's has 50,065,128 common shares issued and outstanding (52,862,214 fully diluted).
Should the acquisition of the residual 81% of Staminier Limited take place and assuming no other share issuances have taken place in the interim, GreenBank will have 137,854,330 shares issued and outstanding. (140,651,416 fully diluted)

Conditions For Exercise of the Call and Put Options

The ability to Exercise the Call and Put Options on the remaining 81% of Staminier Limited shall be subject to the fulfillment of certain conditions, including the following:

(a) Obtaining GreenBank Shareholder approval at the April 8th, 2020 GreenBank Annual General and Special Meeting of Shareholders through the passage of a special resolution;

(b) A Staminier Limited's net asset value of not less than £2.25 million (~CAD 3.86 million) on a pro forma basis

(c) Meeting all regulatory requirements, including, if necessary, the filing of a prospectus by the Company; and

(d) On closing, the outstanding amount on the credit line between Staminier and GreenBank is dispensed

(e) All other consents, orders, regulations and approvals, including regulatory and judicial approvals and orders, required, necessary or desirable for the completion of the Acquisition must have been obtained or received, each in a form acceptable to the Company and Staminier.

(f) If deemed necessary, the filing of a prospectus with regulators and fulfilling any terms related to the January 31, 2020 Order of Revocation of the FFCTO by the Ontario Securities Commission.

If any condition set out in the Share Purchase Agreement is not fulfilled or performed, the Acquisition may be terminated, or, in certain cases, one or more of the parties thereto, as the case may be, may waive the condition in whole or in part. Management of the Company believes that all material consents, orders, regulations, approvals or assurances required for the completion of the Acquisition will be obtained in the ordinary course upon application thereof.

Circumstances in which Greenbank may not close the Acquisition, include:

GreenBank shareholders do not vote to authorize GreenBank management to exercise the option.
GreenBank shareholders do not vote to authorize GreenBank management to exercise of the option, but GreenBank management, at its sole discretion, elects not to exercise the option.
GreenBank shareholders do not vote to authorize GreenBank's management to exercise the option, but GreenBank Management are unable to fulfil any and all prerequisite regulatory requirements (such as the filing of a prospectus ) prior to the option expiry on October 11, 2020.
Staminier fails to meet the net asset value requirements necessary to exercise the put option, or Staminier chooses not to exercise the put option prior to the put option's expiry date.

Decision to proceed with the Acquisition

The decision to proceed with the Acquisition is based on the following primary determinations:

(a) The Company's current business focus is on merchant banking and on expanding its investment portfolio by taking equity positions in small-cap companies. The Company's future plans involve renewing its focus on merchant banking by nurturing select existing investments in its current portfolio and exploring opportunities to make new investments that have the potential to build value for its shareholders.

Staminier is a complementary business to Greenbank and the transaction with Staminier is expected to increase Greenbank's deal flow and fee income, as Staminier introduces North American opportunities to Greenbank and Greenbank introduces European opportunities to Staminier – thereby helping Greenbank achieve its core objective of developing into a successful merchant banking business. As well as giving Greenbank international reach, the transaction will help expand Greenbank's knowledge and intellectual property base, and increases the number of highly skilled and motivated management and personnel available to Greenbank. As part of the deal, Staminier has also agreed to provide an initial funding line of C$480,000 to Greenbank which will enable Greenbank to develop its business in North America. In addition to the increased deal flow and funding, the acquisition of a significant stake in Staminier strengthens the balance sheet of Greenbank after the write downs of some of Greenbank's historic investments referred to herein.

Authority of the Board

By passing the Special Resolution for the Acquisition, the Shareholders will also be giving authority to the Board to use its best judgment to proceed with and cause the Company to complete the Acquisition without any requirement to seek or obtain any further approval of the Shareholders

Fairness of the Acquisition:

The Acquisition was determined to be fair to the Shareholders by the Board based upon the factors, which included the following:

(a) each of the vendor and the purchaser are at arms-length to the other;

(b) the procedures by which the Acquisition will be approved, including the requirement for approval by special resolution, being two-thirds of the vote;

(c) the opportunity for any Shareholders who are opposed to the Acquisition to exercise their rights of dissent in respect of the Acquisition and to be paid fair value for their Common Shares to the extent applicable to dissenters' rights; and

Text of the Acquisition Resolution

The complete text of the Arrangement Resolution which management intends to place before the Meeting for approval, confirmation and adoption, with or without modification, is substantially as follows:

"BE IT HEREBY RESOLVED as a Special Resolution of the Shareholders that:

WHEREAS, pursuant to the applicable Articles and the Bylaws of GreenBank Capital, it is deemed desirable and in the best interests of the Company that the following actions be taken by the Shareholders of the Company pursuant to this Written Consent.

WHEREAS, pursuant to the Share Purchase Agreement dated March 11, 2020 between GreenBank Capital Inc., Staminier Limited, and Each of the Shareholders of Staminier Limited, GreenBank Capital, having already acquired 19% of the outstanding shares of Staminier Limited, has the option to acquire the remainder of the issued and outstanding shares of Staminier Limited provided that the certain conditions outlined below are met."

[Please refer to the Share Purchase Agreement included as Schedule G for further details. ]

NOW, THEREFORE, BE IT RESOLVED that the undersigned Shareholders of this corporation hereby consent to, approve and adopt the following:

ACQUISITION

RESOLVED THAT, it is in the best interests of the Company to acquire the remaining 81% of the issued and outstanding shares of Staminier Limited..

RESOLVED FURTHER THAT, the acquisition of said shares is intended to be per the terms of that certain Share Purchase Agreement dated March 11, 2020.

RESOLVED THAT, the officers of the Company are, and any one of them is hereby, authorized to negotiate, execute, deliver and carry out on behalf of the Company the acquisition of the remaining issued and outstanding shares of Staminier, substantially in the form presented to the shareholders, but with such changes and additions as such officers may deem to be in the best interests of the Company (such determination that a change or addition is in the best interests of the Company to be conclusively evidenced by such officer's execution of the Agreement).

RESOLVED FURTHER, that the officers of the Company are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as said officers shall deem necessary or advisable, to carry out the purposes of the foregoing resolutions.

RESOLVED FURTHER, that any actions taken by such officers prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of the Company.

This written consent shall be filed in the Minute Book of the Company and become a part of the records of the Company. This written consent may be signed by counterpart and by fax.

Recommendation of the Board

After reviewing all of the foregoing factors, the Board unanimously determined that the Acquisition is: (i) in the best interests of the Company and is fair to Shareholders; and (ii) the Board recommends that Shareholders vote in favor of the Acquisition Resolution.

Approval by the Shareholders of the Company

The Acquisition Resolution must be approved by special resolution, being at least two-thirds of the votes cast by the Shareholders present in person or by proxy at the Meeting. Notwithstanding the foregoing, the Acquisition Resolution will authorize the Board, without further notice, consent or approval of the Shareholders, subject to the terms of the Acquisition to amend the Share Purchase Agreement, and to decide not to proceed with the Acquisition at any time prior to the Acquisition becoming effective in accordance with BCBCA.

Expenses of the Acquisition

Pursuant to the Share Purchase Agreement, the costs relating to the Acquisition, including without limitation, financial, advisory, accounting and legal fees will be borne by the Company and Staminier as agreed.

Dissent Rights to the Acquisition

Any shareholder of the Company may send notice of dissent, under Division 2 of Part 8, to the Company in respect of the Acquisition Resolution. Non-Registered Shareholders who wish to dissent should contact their broker or other intermediary for assistance with the Dissent Right. The Dissent Right is summarized below (full text in Sections 237 to 247 of the BCBCA) and may consult their legal counsel for a complete understanding of the Dissent Right under the BCBCA.

A Dissenting Shareholder who wishes to exercise his or her Dissent Right must give written notice of dissent to the Company by depositing such notice of dissent with the Company, or by mailing it to the Company by registered mail at its head office at 100 King Street West, Suite 5700, Toronto Ontario M5X 1C7 marked to the attention of the Secretary not later than the close of business on the day that is two business days before the Meeting.. A Shareholder of the Company who wishes to dissent must prepare a separate notice of dissent for (i) the Registered Shareholder, if the Shareholder of the Company is dissenting on its own behalf and (ii) each person who beneficially owns Common Shares of the Company in the Shareholder's name and on whose behalf the Beneficial Shareholder is dissenting. To be valid, a notice of dissent must:

(a) identify in each notice of dissent the person on whose behalf dissent is being exercised;

(b) identify whether the dissent is to the Acquisition Resolution;

(c) set out the number of Common Shares in respect of which the Shareholder of the Company is exercising the Dissent Right (the "Notice Shares"), which number cannot be less than all of the Common Shares held by the Beneficial Shareholder on whose behalf the Dissent Right is being exercised;

(d) if the Notice Shares constitute all of the shares of which the Dissenting Shareholder is both a Registered Shareholder and Beneficial Shareholder and the Dissenting Shareholder owns no other Common Shares as a Beneficial Shareholder, a statement to that effect;

(e) if the Notice Shares constitute all of the Common Shares of which the Dissenting Shareholder is both a Registered Shareholder and Beneficial Shareholder, but the Dissenting Shareholder owns other Common Shares as a Beneficial Shareholder, a statement to that effect, and

(i) the names of the Registered Shareholders of those other Common Shares,

(ii) the number of those other Common Shares that are held by each of those Registered Shareholders, and

(iii) a statement that Notices of Dissent are being or have been sent in respect of all those other Common Shares;

(f) if dissent is being exercised by the Dissenting Shareholder on behalf of a Beneficial Shareholder who is not the Dissenting Shareholder, a statement to that effect;

(i) the name and address of the Beneficial Shareholder, and

(ii) a statement that the Dissenting Shareholder is dissenting in relation to all of the Common Shares beneficially owned by the Beneficial Shareholder that are registered in the Dissenting Shareholder's name.

The giving of a Notice of Dissent does not deprive a Dissenting Shareholder of his or her right to vote at the Meeting on the Acquisition Resolution. A vote against the Acquisition Resolution or the execution or exercise of a proxy does not constitute a Notice of Dissent. A Shareholder is not entitled to exercise a Dissent Right with respect to any Common Shares if the Shareholder votes (or instructs or is deemed, by submission of any incomplete proxy, to have instructed his or her proxy holder to vote) in favour of the Acquisition Resolution. A Dissenting Shareholder, however, may vote as a proxy for a Shareholder whose proxy required an affirmative vote, without affecting his or her right to exercise the Dissent Right. If the Company intends to act on the authority of the Acquisition Resolution, it must send a notice (the "Notice to Proceed") to the Dissenting Shareholder promptly after the later of:

(a) the date on which the Company forms the intention to proceed, and

(b) the date on which the Notice of Dissent was received.

If the Company has acted on the Acquisition Resolution, it must promptly send a Notice to Proceed to the Dissenting Shareholder. The Notice to Proceed must be dated not earlier than the date on which it is sent and state that the Company intends to act or has acted on the authority of the Acquisition Resolution and advise the Dissenting Shareholder of the manner in which dissent is to be completed. On receiving a Notice to Proceed, the Dissenting Shareholder is entitled to require the Company to purchase all of the Common Shares in respect of which the Notice of Dissent was given. A Dissenting Shareholder who receives a Notice to Proceed, and who wishes to proceed with the dissent, must send to the Company within one month after the date of the Notice to Proceed:

(a) a written statement that the Dissenting Shareholder requires the Company to purchase all of the Notice Shares;

(b) the certificates representing the Notice Shares; and

(c) if dissent is being exercised by the Shareholder on behalf of a Beneficial Shareholder who is not the Dissenting Shareholder, a written statement signed by the Beneficial Shareholder setting out whether the Beneficial Shareholder is the Beneficial Shareholder of other Common Shares and if so, setting out:

(i) the names of the Registered Shareholders of those other Common Shares,

(ii) the number of those other Common Shares that are held by each of those Registered Shareholders, and

(iii) that dissent is being exercised in respect of all of those other Common Shares, whereupon the Company is bound to purchase them in accordance with the Notice of Dissent

The Company and the Dissenting Shareholder may agree on the amount of the payout value of the Notice Shares and in that event, the Company must either promptly pay that amount to the Dissenting Shareholder or send a notice to the Dissenting Shareholder that the Company is unable lawfully to pay Dissenting Shareholders for their shares as the Company is insolvent or if the payment would render the Company insolvent. If the Company and the Dissenting Shareholder do not agree on the amount of the payout value of the Notice Shares, the Dissenting Shareholder or the Company may apply to the Court and the Court may:

(a) determine the payout value of the Notice Shares or order that the payout value of the Notice Shares be established by arbitration or by reference to the registrar or a referee of the Court;

(b) join in the application each Dissenting Shareholder who has not agreed with the Company on the amount of the payout value of the Notice Shares; and

(c) make consequential orders and give directions it considers appropriate.

Promptly after a determination of the payout value of the Notice Shares has been made, the Company must either pay that amount to the Dissenting Shareholder or send a notice to the Dissenting Shareholder that the Company is unable lawfully to pay Dissenting Shareholders for their shares as the Company is insolvent or if the payment would render the Company insolvent if the Dissenting Shareholder receives a notice that the Company is unable to lawfully pay Dissenting Shareholders for their Common Shares, the Dissenting Shareholder may, within 30 days after receipt, withdraw his or her Notice of Dissent. If the Notice of Dissent is not withdrawn, the Dissenting Shareholder remains a claimant against the Company to be paid as soon as the Company is lawfully able to do so or, in a liquidation, to be ranked subordinate to the rights of creditors of the Company but in priority to the Shareholders. Any notice required to be given by the Company or a Dissenting Shareholder to the other in connection with the exercise of the Dissent Right will be deemed to have been given and received, if delivered, on the day of delivery, or, if mailed, on the earlier of the date of receipt and the second business day after the day of mailing, or, if sent by fax or other similar form of transmission, the first business day after the date of transmittal.

A Dissenting Shareholder who:

(a) properly exercises the Dissent Right by strictly complying with all of the procedures ("Dissent Procedures") required to be complied with by a Dissenting Shareholder, will cease to have any rights as a Shareholder other than the right to be paid the fair value of the Common Shares by the Company in accordance with the Dissent Procedures, or

(b) seeks to exercise the Dissent Right, but who for any reason does not properly comply with each of the Dissent Procedures required to be complied with by a Dissenting Shareholder loses such right to dissent.

A Dissenting Shareholder may not withdraw a Notice of Dissent without the consent of the Company. A Dissenting Shareholder may, with the written consent of the Company, at any time prior to the payment to the Dissenting Shareholder of the full amount of money to which the Dissenting Shareholder is entitled, abandon such Dissenting Shareholder's dissent to the Acquisition giving written notice to the Company, withdrawing the Notice of Dissent, by depositing such notice with the Company, or mailing it to the Company by registered mail, at its head office at 100 King Street West, Suite 5700, Toronto, Ontario M5X 1C7. The Shareholders who wish to exercise their Dissent Right should carefully review the dissent procedures described in Sections 237 to 247 of the BCBCA and seek independent legal advice, as failure to adhere strictly to the Dissent Right requirements may result in the loss of any right to dissent.

Issuance of Incentive Stock Options under the GreenBank's Stock Option plan

The approval of GreenBank's Stock Option Plan as presently written is an agenda item for shareholders to consider and vote on at the meeting.

Previously unannounced until today, GreenBank has agreed to issue stock option to its directors and certain employees under the GreenBank's Stock Option Plan at an exercise price of $0.30 CAD with a three-year expiry period and vesting on issuance which shall be subject to the approval of the exchange.

S No.

Name of the Optionee

No. of options

1.

Mark Wettreich

600,000

2.

Peter Wanner

480,000

3.

David Lonsdale

330,000

4.

Gaurav Singh

330,000

5.

David Robino

330,000

6.

Alexander Wettreich

330,000

7.

Namrata Nair

66,693

8.

Nikunj Mahajan

66,693

 

Details of the optionees and number of options are as follows:

Plan Category

Number of securities to be issued
upon exercise of outstanding
options, warrants and rights

(a)

Weighted average
price of outstanding
options, warrants
and rights

(b)

Number of securities
remaining available for
future issuance under
stock option plans

(excluding securities reflected in (a))

(c)

Stock option plan approved by shareholders

2,757,036 options broken down as follows

223,700 options with an exercise price of $1.14, expiring on April 16, 2020, held by a former director

2,533,386 options with an exercise price of $0.30, expiring on March 26, 2023, held by directors, officers, current and former employees of GreenBank.

$0.37 per share weighted average

2,249,476

Warrants

Zero

Not Applicable

Not Applicable

About GreenBank

GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL). GreenBank's 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank's portfolio companies comprise equity investments in 14 small cap businesses, namely; 52.5% of Blockchain Evolution Inc, owners of the world's first identification based blockchain, and developers of Xbook a user permissioned and revenue sharing social media platform; 22.6% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 47.7% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada; 100% of Medik Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of Cannabis Blockchain Inc, developers of a digital information management system for the cannabis industry; 59.5% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi; 100% of North America Veterans Insurance Services Inc, an insurance agency holding company; 19% of Inside Bay Street Corporation, a financial news communications company; 34.8% of Gander Exploration Inc, a minerals exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 25% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada; 19% of Staminier Limited, a United Kingdom Merchant Banking firm, 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 100% of Expatriate Assistance Services Inc, providing relocation services to expatriates; and 11.2% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company.

For more information please see https://www.GreenBankCapitalinc.com or contact Mark Wettreich at (647) 693 9411 or by email Mark@GreenBankCapitalinc.com

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank's investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GreenBank Capital Inc.

ReleaseID: 582949

World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2020

VANCOUVER / ACCESSWIRE / March 27, 2020 / World Class Extractions Inc. ("World-Class" or the "Company") (OTCQB:WCEXF)(CSE:PUMP)(FRA:WCF) is pleased to report the operating and financial results for its third quarter ended January 31, 2020.

Financial (unaudited)

The Company had cash at January 31, 2020 of $7,469,714 (April 30, 2019 – $16,002,152) to settle current liabilities of $1,352,657 (April 30, 2019 – $325,281).
Working capital as at January 31, 2020 is $13,363,057.
The Company does not have any loans, convertible debt or long-term debt.
Revenue of $75,562 for the quarter ended January 31, 2020 compared to nil revenue for the quarter ended January 31, 2019. Gross margin for the quarter ended January 31, 2020 was 40%.
The net loss and comprehensive loss for the three months ended January 31, 2020 was $33,144,217 (as compared to January 31, 2019 of $3,585,161). The increased loss for the quarter is mainly attributed to the following:

due to uncertainty in the realization of future economic benefits from the intellectual property (IP rights for a proprietary technology) as well as uncertainty in market conditions, in general and the cannabis sector, the Company assessed and recognized a $7,773,287 impairment loss for this asset which is equivalent to 100% of its carrying amount.
considering uncertainty in market conditions, in general and the cannabis sector, management assessed uncertainty in the recoverability of goodwill pursuant to the Quadron Cannatech Corporation business combination. As such, the Company fully impaired the goodwill and recorded an impairment loss amounting to $21,591,369.
in addition, the loss includes amortization expense of $729,128, bad debt $290,637, consulting fees of $141,777; development and research expenses of $830,180; general and administrative expenses of $173,280, professional fees of $195,315; investor relations fees of $90,669, management fees of $48,000, marketing and research expenses of $25,957; remuneration and benefits of $640,550; share-based payments of $241,131; and travel expenses of $27,966.

Rosy Mondin, CEO of World-Class stated: "Given market conditions, and challenges faced by the cannabis industry during 2019, along with the impact of the COVID-19 pandemic event, we have taken a very conservative accounting approach resulting in the impairment of our intangible assets. World-Class' strong balance sheet, with a large cash position, provides us the flexibility to navigate this uncertain time, while also enabling us to realize on the inevitable opportunities that will present during this volatility. Senior Management remain focused and highly motivated in the pursuit of shareholder value."

About World-Class

World-Class develops, deploys, and manages custom-built extraction centers for licensed cannabis and hemp processors. Utilizing its custom technology and processes, World-Class enables its licensed partners to efficiently produce high-margin cannabis and hemp concentrates and oils. Through its relationships with licensed partners, World-Class also has the ability to offer toll processing of cannabis and hemp to licensed third parties that lack the expertise and equipment required to produce high-quality cannabis and hemp concentrates and end-products. With over half of a decade spent in research and development, the Company allows licensed producers to access the technology required to create value-added products in the expanding concentrate market.

Investor Contact

Christina Rao & Daniel Mogil
World-Class Investor Relations
1-604-723-7480 | ir@worldclassextractions.com

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Forward-looking statements in this news release include statements regarding the Company's intention to enter into the agreements to outfit and operate cannabis and hemp-based oil extraction facilities, the expected benefits to the Company as a result of the proposed agreements; the terms of the proposed agreements; the effectiveness of the extraction technology. The Company believes there is a reasonable basis for the expectations reflected in the forward-looking statements, however these expectations may not prove to be correct. Such statements are only projections and predictions, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, certain of which may be beyond the control of the Company including that the Company may not open the cannabis and hemp oil extraction facilities; the parties not being able to agree to terms of the agreements; that the cannabis and hemp oil extraction facilities may not be fully operational in 2020 if at all; that legislative changes may have an adverse effect on the Company's business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed agreements, and other factors beyond the Company's control. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

Forward-looking statements include, but are not limited to, the anticipated closing of any acquisitions by the Company, the continued growth and expansion of the Company's operations, and the receipt of regulatory approvals, including the approval of the CSE.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: World-Class Extractions Inc.

ReleaseID: 582927

Quartz Mountain Closes $500,000 Private Placement

VANCOUVER, BC / ACCESSWIRE / March 27, 2020 / Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V:QZM),(OTCBB:QZMRF) announces that the Company has completed the $500,000 private placement announced on December 30, 2019.

The Company also advises that it issued 600,000 shares on December 6, 2019 in settlement of debt.

For further details, contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

Leonie Tomlinson
Director

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.

This release includes certain statements that may be deemed "forward-looking-statements". All statements in this release, other than statements of historical facts are forward-looking statements. These statements include expectations about the likelihood of completing the financing. Though the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements are subject to future events and third-party discretion such as regulatory personnel. For more information on the Company, and the risks and uncertainties connected with its business, investors should review the Company's home jurisdiction filings as www.sedar.com and its filings with the United States Securities and Exchange Commission.

SOURCE: Quartz Mountain Resources Ltd. 

ReleaseID: 582922

Gold Springs Resource Corp. files 2019 Financial Statements, MD&A, Provides Update on Gold Springs 2020 Exploration Plan and Avails of Temporary Exemption from Certain Corporate Finance Requirements

VANCOUVER, BC / ACCESSWIRE / March 27, 2020 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" and formerly TriMetals Mining Inc.), reports the release of its audited consolidated financial statements for the year ended December 31, 2019, the related management's discussion and analysis of financial position and results of operations ("MD&A") and an update on the 2020 Exploration Plan for the Gold Springs project. In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.

As at December 31, 2019, the Company had a working capital of $4.09 million including $3.83 million in cash.

On September 5, 2019 the Company's wholly-owned Bermudian subsidiary, South American Silver Limited ("SASL"), received from the Government of Bolivia ("Bolivia") US$25,588,525, being net of $209,475 for the Arbitration Tribunal's cost order, as a final settlement amount for (i) SASL's arbitration award against Bolivia and (ii) the transfer of the Malku Khota Project Data by the Company to Bolivia. During the year ended December 31, 2019, the Company paid $8,408,603 of arbitration award liabilities and on November 4, 2019 redeemed the Class B shares for $0.09827 per Class B share for total redemption proceeds of $11,436,186. These transactions resulted in a fair value income change of $3.31 million for the year ended December 31, 2019. On November 5, 2019 the Class B shared were delisted from the TSX and the OTCQB.

On September 26, 2019 the Company closed the transaction with Wealth Minerals Limited and Wealth Copper Limited ("Wealth Copper") for the sale of the Escalones Project (the "Escalones Transaction", refer to New Release of September 27, 2019) which resulted in the Company acquiring a 42.6% ownership stake (equity investment) in Wealth Copper and recognizing a non-cash loss of $13.47 million due to the write-down of the Escalones property asset. During the year ended December 31, 2019 the Company recognized a non-cash loss of $0.1 million for its proportionate share in Wealth Copper's results of operations from the date of acquisition.

During Q4 2019, the Company completed a drill program at the Homestake target located in the Nevada side of the Gold Springs project, and continued to manage its costs structure which resulted in general and administrative expenses, excluding non-cash share-based payments, remaining consistent year over year at $1.26 million compared to $1.24 million during the year ended December 31, 2018.

Exploration spending during the year ended December 31, 2019 decreased to $0.79 million from $1.20 million incurred in the year ended December 31, 2018. The 2019 costs included $0.70 million incurred at Gold Springs and $0.09 million incurred at the Escalones property in Chile, prior to the completion of the Escalones Transaction.

The Company reported a net loss of $11.80 million ($0.05 loss per share) for the year ended December 31, 2019, compared with net earnings of $2.59 million ($0.01 earnings per share) for the year ended December 31, 2018.

Exploration Plan for 2020

The Company's vision is to identify a multimillion-ounce gold resource at its Gold Springs project. Aligned with that vision, the Company's plan for 2020 was to continue to add to the existing gold resources at Gold Springs. GRC had planned approximately 8,700 meters of drilling to start in early Q2 2020, mainly focused on stepping out and testing the extensions of the existing South Jumbo and North Jumbo resources, with the goal of increasing these resources which are open in multiple directions. The plan also included other exploration activities, metallurgical test work and the publishing of a new resource estimate by the end of 2020, capturing the results of the 2017, 2019 and 2020 drill programs.

As a result of the social and economic disruption that has emerged as a result of the COVID-19 outbreak, and the impact on the industry and capital markets, the Company has decided, for the present, to defer its 2020 Exploration Plan. The Company will continue to monitor the situation and reassess this decision in the near future, in light of the market conditions at that time.

Temporary Exemption from Certain Corporate Finance Requirements

Pursuant to BC Instrument 51-515 – Temporary Exemption from Certain Corporate Finance Requirements ("BCI 51-515") of the British Columbia Securities Commission ("Commission") and orders by the other Canadian securities regulatory authorities providing similar exemptions to those provided in BCI 51-515, the Commission granted exemptions from the requirements of section 85 of the Securities Act (British Columbia) to provide certain periodic disclosure about a reporting issuer's business and affairs, and variations of certain Commission rules to extend the time required to comply with such requirements (the "Exemption").

The Company announces that it will be relying on the Exemption in respect of the requirement to file its Annual Information Form for the financial year ended December 31, 2019-(the "AIF") on or before March 30, 2020, and advises that:

management and other insiders of the Company are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions;
the Company expects to file the AIF on or before May 14, 2020;
there have been no material business developments in respect of the Company since the date of the annual financial statements for the year ended December 31, 2019.

Outlook

The Company's focus is on the exploration and expansion of the mineral resources at its Gold Springs project in Nevada and Utah, USA.

About Gold Springs Resource Corp. (Formerly TriMetals Mining Inc.)

Gold Springs Resource Corp. (TSX: GRC and OTCQB: GRCAF) is a growth-focused gold exploration company creating value through the exploration and development of the Gold Springs project in Nevada and Utah, U.S.A. Management has extensive experience in global exploration and the mining industry.

Gold Springs Resource Corp. Contact:

Matias Herrero
Chief Executive Officer
info@goldspringsresource.com
+1 (778) 801-1667

Forward Looking Statements

Certain statements contained herein constitute "forward-looking information" under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "creating", "view of", "intended", "plan", "believe", "vision", "would", "continue", "will", "estimate", "promising", and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations if known and unknown risks or uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters, including water requirements for operations, as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company's Annual Information Form and continuous disclosure documents, which are available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada and Utah; the availability of equipment and qualified personnel to advance the Gold Springs project; execution of the Company's existing plans and further exploration and development programs for Gold Springs, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs.

Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Unless otherwise indicated, forward-looking statements in this press release describe the Company's expectations as of the date hereof.

SOURCE: Gold Springs Resources Corporation

ReleaseID: 582929

Encore Data Products Announces Availability of ThinkWrite School Headsets for Remote Learning

LAFAYETTE, CO / ACCESSWIRE / March 27, 2020 / Encore Data Products has just announced that ThinkWrite 90119 USB headsets are available on their website. These popular headsets are unique in that they are designed to work in both classroom and remote learning and working environments.

Encore Data Products is a Lafayette, Colorado-based company, founded in 2006. Since that time, they have become a leading supplier of audiovisual equipment and technology accessories in industries such as education, health and fitness, hospitality, business, and government, as well as to the single, individual customer. The ThinkWrite 90119 USB headset offers a USB connection, boom mic and a comfortable fit.

Company founder, Jeff Burgess had this to say about these new versatile headsets; "Helping students learn, wherever they are, is important, and the ThinkWrite 90119 headset is an excellent tool for that. We are pleased the way this product can be used in education for everything from turning speech into text, to learning a foreign language, to helping improve remote communication between students and teachers. These quality headsets not only work well in more traditional classroom settings, but they are excellent for remote learners, too."

These USB powered headsets were built to take advantage of the single jack of iPads and Chromebooks, used for both recording and listening, and are compatible with such popular school learning programs as Scholastic Read 180 and Imagine Learning. ThinkWrite 90119 headsets have been specifically designed for their durability in the classroom. They are constructed with a special plastic on the headrest that can be bent to extreme positions. They also have an extra-thick, generous 1.28 meters (4.2 feet) long, chew-resistant braided fabric cable with built-in volume control. Because of the sturdy way the ThinkWrite 90119 headsets are built, they come with a full 2-year warranty.

Most people will find the list of features that are associated with these school headphones to be fairly impressive, too. They allow students to; record their own reading so teachers can monitor their fluency; improve foreign language skills with applications such as the popular Duolingo; participate in a Skype or FaceTime connection with other remote students or teachers; dictate a first writing draft with voice to text using Siri or Dragon; leave voice feedback for other students with Voice Thread; teach one another math concepts using Explain Everything; record voiceovers for multimedia projects such as with iMovie; or even record voice effects for an original song in GarageBand. The headsets are also fully compatible with Siri, Hey Google, and Cortana voice command programs.

ThinkWrite 90119 headsets are just one of several different types of headphones/headsets offered by Encore Data Products. The company also sells disposable earbuds, bulk headphones and headsets, and single-plug TRRS headphones. In particular, they specialize in headphones to assist with each state's school testing requirements, as well as outfitting call centers with headsets. Encore Data Products is well-known for its great customer service, and competitive prices.

For more information about Encore Data Products, contact the company here:

Encore Data Products
Jeff Burgess
866-926-1669
sales@encoredataproducts.com
1729 Majestic Drive, Suite 2
Lafayette, Colorado 80026

SOURCE: Encore Data Products

ReleaseID: 582926