Continuing to See Increase in Demand and Implementations

TOCCOA, GA / ACCESSWIRE / June 23, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to provide the following business update on recently awarded contracts and implementations.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "Business has continued to increase with many school districts incurring less operating expenses due to school closures and opting to re-allocate budget money toward technology. Additionally, over the past three months with the students learning from home in an online environment, we have been able to have more access to the school to implement our solutions, rather than usually waiting until summer time recess. Also of note, we are continuing to negotiate our previously announced asset purchase of Classroom Technology Solutions, Inc."

Updates on previous recent announcements:

June 9, 2020

Completes Initial Install of Bell & Intercom System at Thompson County School District, Colorado

Currently working on the 3rd of the 3 schools. Invoices have been sent for the first two.

June 3, 2020

Partners with Radix for Enhanced Device Management

Great partnership so far. We have quoted several school districts already for their online learning software. This has proven to be a great partnership.

June 1, 2020

Launches its Phoenix Cloud-Based Bell and Intercom

Already received our first purchase order from BVSD to upgrade to our Cloud-based version.

April 28, 2020

Awarded its Largest Additional Purchase Order To-Date from Newton County, Georgia

Product is enroute from overseas and we plan to install in a couple of weeks.

April 22, 2020

Awarded Approximate $250,000 Contract from Scheck Hillel Community School in Miami, Florida

Install is scheduled for the week of July 13.

April 13, 2020

Received $2.4 Million in Purchase Orders and Commitments Over the Past Month Since the Initial Outbreak of COVID-19 in the U.S.

Our total purchase order number has risen to over $3 million and we are working to fulfill the orders as quickly as possible.

April 6, 2020

Awarded Approximate $350,000 Contract from Valdosta City School District in Georgia

Plan to install in July.

March 24, 2020

Awarded Three Additional Purchase Orders Totaling $225,000 from Thompson County School District in Colorado

These are the ones that we have already started install on.

March 16, 2020

Education Technology Solutions Enable Remote Virtual Learning, a Necessity During the Coronavirus Pandemic

Major reason for increase in sales.

March 3, 2020

Awarded Additional Purchase Order from Newton County, Georgia

Install scheduled for July.

February 28, 2020

Awarded Additional Purchase Order from Thompson County School District in Colorado

Mostly installed and collected revenue.

February 27, 2020

Awarded Additional Purchase Orders from Stephens County, Georgia

Scheduled install by the end of June.

About Galaxy Next Generation, Inc.

Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy's products include Galaxy's own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy's distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company's products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy's sales.

For additional information, please visit our website at: www.galaxynext.us

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. 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.

Investors Contact:

IR@GalaxyNext.us
P:888-859-1274

SOURCE: Galaxy Next Generation, Inc.

ReleaseID: 594848

NORTHVILLE, MI / ACCESSWIRE / June 23, 2020 / Cooper Standard (NYSE:CPS) today announced the following changes to its Global Leadership Team, effective August 1:

Patrick R. Clark will replace Hans O. Helmrich as senior vice president and chief global manufacturing officer. Helmrich is leaving the Company to pursue another opportunity;
Christopher E. Couch will continue to lead the global technology function, while also taking on responsibility for global product development, product strategy and program management; and
D. William Pumphrey will continue to lead the global automotive business, while also taking on responsibility for corporate strategy and the Company's return on invested capital (ROIC) improvement initiative.

"With Patrick, Chris and Bill in these crucial global roles, Cooper Standard is well positioned to drive our business and deliver for our stakeholders," said Jeffrey S. Edwards, chairman and CEO, Cooper Standard. "We're proud of the strength and capabilities of our leadership team which enables us to shift these key functions to existing internal talent while maintaining world-class service to our customers."

With more than 26 years of automotive industry experience, Clark will relocate to Europe in early 2021 to lead Cooper Standard's global manufacturing operations toward world-class levels in support of the Company's profitable growth targets. He will also serve as chair of the Company's Global Manufacturing Council, which focuses on aligning the global manufacturing organization to implement best practices and improve overall efficiency and effectiveness worldwide.

With more than 21 years of global manufacturing, R&D and technology development experience, Couch will lead the Company's global technology function in designing and developing customer-focused solutions, as well as developing product strategy for the Company's automotive product lines to drive a distinct and sustainable competitive advantage. He also serves as chair of the Company's Global Technology Council, which oversees development of technologies in all areas of the business, including materials science, product design, manufacturing process technology, analytics and artificial intelligence.

With more than 36 years of experience in commercial and operations activities, Pumphrey will continue overseeing Cooper Standard's automotive business to ensure close alignment with the rapid changing needs of its global customers. Pumphrey will also take on responsibility for corporate strategy and lead the cross-functional initiative to improve ROIC results.

About Cooper Standard

Cooper Standard, headquartered in Northville, Mich., is a leading global supplier of systems and components for the automotive industry. Products include sealing, fuel and brake delivery and fluid transfer systems. Cooper Standard employs approximately 28,000 people globally and operates in 21 countries around the world. For more information, please visit www.cooperstandard.com.

Media Contact

Chris Andrews

Cooper Standard

(248) 596- 6217

candrews@cooperstandard.com

CPS_G

SOURCE: Cooper-Standard Holdings Inc

ReleaseID: 594823

Two Newly Issued Patents Further Protect ENDRA's TAEUS Platform Capabilities

ANN ARBOR, MI / ACCESSWIRE / June 23, 2020 / ENDRA Life Sciences Inc. (''ENDRA'') (NASDAQ:NDRA), a pioneer of Thermo Acoustic Enhanced UltraSound (TAEUS™), has recently been issued Patents 10,682,059 and 10,687,789 from the United States Patent and Trademark Office.

"These patents represent a key step forward in the development and protection of our technology platform, which optimizes hybrid ultrasound and thermoacoustic imaging systems for a wide variety of clinical applications," explained ENDRA's Chief Executive Officer, Francois Michelon. "While the two most recent patent grants are significant because they apply to our platform capabilities, they are supported and strengthened by the fact they are part of a growing IP portfolio, which currently stands at 72 assets, which cover other critical aspects of our technology."

ENDRA's goal is to develop, patent and commercialize applications for our proprietary TAEUS technology in areas of high unmet clinical need, such as Non-Alcoholic Fatty Liver Disease (NAFLD) which affects over 1 billion people globally, and for which there are no practical diagnostic tools.

The recently-issued ‘059 patent provides more robust intellectual property (IP) protection for our TAEUS platform related to our disruptive scanning approach. It covers a radio frequency (RF) applicator device and system for providing reliable RF energy to a target area of tissue. More particularly, the '059 patent structurally defines ENDRA's innovative solution to providing targeted RF energy to tissue regions for applications, such as fat quantification of a patient's liver.

The recently-issued ‘789 patent provides more robust intellectual property (IP) protection for our TAEUS platform on the diagnostic and analysis side. It covers a method and system for reconstructing a thermoacoustic image. More particularly, the '789 patent utilizes a view and position specific kernel to correct for differences in the relative relationship between a transducer element array and an object within a region of interest to be imaged.

About ENDRA Life Sciences Inc.

ENDRA Life Sciences is the pioneer of Thermo Acoustic Enhanced UltraSound (TAEUS™), a ground-breaking technology that visualizes tissue like CT or MRI, but at 50X lower cost, at the point of patient care. TAEUS is designed to work in concert with one million ultrasound systems in global use today. TAEUS is initially focused on the measurement of fat in the liver, as a means to assess and monitor NAFLD and NASH, chronic liver conditions that affect over 1 billion people globally, and for which there are no practical diagnostic tools. Beyond the liver, ENDRA is exploring several other clinical applications of TAEUS, including visualization of tissue temperature during energy-based surgical procedures. www.endrainc.com

Forward-Looking Statements

All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. Examples of forward-looking statements include, among others, statements we make regarding the results of human studies and the nature of data obtained from such studies; expectations concerning the anticipated design and timing of future clinical studies; estimates of the timing of future events and achievements, including obtaining regulatory approvals and commercializing the TAEUS device; and expectations concerning ENDRA's business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: our ability to develop a commercially feasible technology; receipt of necessary regulatory approvals; our ability to find and maintain development partners, market acceptance of our technology, the amount and nature of competition in our industry; our ability to protect our intellectual property; and the other risks and uncertainties described in ENDRA's filings with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and ENDRA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

Company Contact:
David Wells
Chief Financial Officer
(734) 997-0464
investors@endrainc.com
www.endrainc.com

Media Relations Contact:
Denise DiMeglio
(610) 228-2102
denise@gregoryfca.com

Investor Relations Contact:
Joe Hassett
(484) 686-6600
joeh@gregoryfca.com

SOURCE: ENDRA Life Sciences Inc.

ReleaseID: 594676

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

PUSLINCH, ON / ACCESSWIRE / June 23, 2020 / Spruce Ridge Resources Ltd. (TSXV:SHL) – ("Spruce Ridge" or the "Company") is pleased to announce that its board of directors has declared a dividend-in-kind (the "Dividend") of 2,500,000 of the 10,600,000 common shares of Canada Nickel Company Inc. (TSXV:CNC) ("CNC Shares") held by Spruce Ridge. The Dividend is payable on August 28, 2020 to holders of record of Spruce Ridge shares at the close of business on July 6, 2020 (the "Record Date").

The CNC Shares were acquired by Spruce Ridge in connection with the previously announced sale of its interest in the Crawford Nickel-Cobalt Sulphide project, details of which are contained in the Company's previous news releases issued on October 1, 2019 and February 19, 2020, and are subject to escrow in accordance with the rules and policies of the TSX Venture Exchange (the "Exchange").

Canada Nickel Company Inc. (TSXV:CNC) announced yesterday the initial results from infill drilling on the Main Zone at its Crawford Nickel-Cobalt Sulphide project, the highlights being:

First infill hole on Main Zone returned 0.42% nickel over 306 metres starting at 43 metres, including 0.51% nickel over 27 metres starting at 304 metres. Entire hole returned 0.40% nickel, 0.017% cobalt, 0.05 g/t PGM over 361 metres within the steeply dipping higher-grade core which varies in true thickness from 40 to 160 m.

Spruce Ridge has designated the Dividend to be an "eligible dividend" for the purposes of the Income Tax Act (Canada) and corresponding provincial legislation. The dividend will be taxable and non-residents of Canada will be subject to Canadian withholding taxes. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors or contact their local office of the Canada Revenue Agency and, where applicable, the provincial taxation authorities.

The Dividend will be distributed on a pro rata basis. No fractional shares or cash in lieu thereof (or any other form of payment) will be payable under the Dividend. Any fractional interests in CNC Shares under the Dividend will be rounded up or down to the nearest whole number of shares. Based upon the number of common shares of Spruce Ridge ("Spruce Ridge Shares") currently outstanding, and ignoring the effect of rounding for fractional interests, one (1) CNC Share will be paid under the Dividend for every 45.36 Spruce Ridge Shares held on the Record Date. It is expected that certificates evidencing the CNC Shares paid under the Dividend will be mailed to shareholders of Spruce Ridge on or shortly after August 28, 2020. Spruce warrant-holders who deliver complete exercise packages of their warrants no later than 5:00 p.m. on July 6, 2020 will be entitled to participate in the distribution.

Shareholders should note that after the distribution of Canada Nickel shares to Spruce Ridge shareholders, Spruce Ridge will continue to hold 8,100,000 Canada Nickel shares.

The Company has filed a Form 3E with the Exchange in respect of the Dividend, notifying the Exchange of the Record Date.

About Spruce Ridge Resources Ltd.

Spruce Ridge holds a 100% interest in the Great Burnt Copper-Gold Property in Central Newfoundland which covers a series of copper ± gold rich VMS deposits. Spruce Ridge Resources sold its interest in in the Crawford Nickel-Cobalt Sulphide project to Canada Nickel Company Inc. but retained ground which contains VMS and gold targets. In 2015, Spruce Ridge optioned its Viking/Kramer gold properties in Western Newfoundland to Anaconda Mining Inc.

For further information please contact:

John Ryan, President and CEO
Spruce Ridge Resources Ltd.
Phone: 519-822-5904
Email: spruceridgeresources@gmail.com

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the intention to complete the transactions, and the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to an inability to complete the transactions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, delays in obtaining or failures to obtain required regulatory, governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

SOURCE: Spruce Ridge Resources Ltd.

ReleaseID: 594901

TORONTO, ON / ACCESSWIRE / June 23, 2020 / Eskay Mining Corp. ("Eskay" or the "Company") (TSXV:ESK)(OTC PINK:ESKYF)(Frankfurt:KN7)(WKN: A0YDPM) wishes to announce that it has entered into an agreement to settle a debt of $80,400 owed to Balkam Partners Ltd., a company controlled by the President and CEO of the Company, Hugh (Mac) Balkam, for management fees, and a debt of $281,782 owed to Mac Balkam for management fees, as to $250,000, and accrued interest on funds loaned to the Company by Mac Balkam, as to $31,782, for an aggregate of $362,122 of debt to be settled in consideration for the issuance of 2,130,129 common shares of the Company at a price of $0.17 per share (the "Debt Settlement").

The disinterested directors of the Company have approved the debt settlement with the insider and his affiliated company. The Debt Settlement is subject to TSX Venture Exchange approval and approval of the disinterested shareholders of the Company voting at the Annual General and Special Meeting of the Company to be held on Tuesday August 11, 2020 (the "Meeting").

Full particulars of the Debt Settlement will be set out in the Management Information Circular for the Meeting. The securities to be issued will be subject to a hold period of four months and a day from the date of issuance.

The insider Debt Settlement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the insider does not exceed 25% of its market capitalization.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the "Golden Triangle," approximately 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).

All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam
President & Chief Executive Officer

T: 416 907 4020
E: Mac@eskaymining.com

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

Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Eskay Mining Corp.

ReleaseID: 594872

VANCOUVER, BC / ACCESSWIRE / June 23, 2020 / Canarc Resource Corp. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CAN) announces the appointment of Mr. Troy Gill, MAIG., to the position of Vice President, Exploration, effective immediately. Mr. Gill is a geologist with extensive exploration experience and a successful track record of discoveries, including 15 years with Rio Tinto where he twice received the Rio Tinto Discovery Award.

Scott Eldridge, Canarc's CEO stated: "It is a pleasure to welcome Mr. Gill to our Canarc management team. We look forward to working with Troy to create value for shareholders through both our exploration and acquisition strategies. Canarc plans to carry out two drill programs on our projects in Nunavut and British Columbia over the next three months. We thank outgoing VP Exploration Dr. Jacob Margolis for his contributions and wish him all the best."

Mr. Gill graduated with a B.Sc. degree in Geology from the University of Wollongong, NSW, Australia in 1993. He has 27 years of mining and mineral exploration experience, more than half with Rio Tinto, searching for a wide range of commodities in a variety of geological settings, including gold, copper, nickel, diamonds, coal and iron ore.

His greatest exploration success came with the grassroots discovery of the Caliwingina Channel Iron Deposit in the Pilbara region of Western Australia, that grew to become a resource of nearly one billion tonnes of iron ore. After leaving Rio Tinto, Troy has enjoyed success as Exploration Manager with Sanatana Resources Inc. discovering the diamondiferous Dharma kimberlite in the Sahtu region, NWT, Canada.

As a Member of the Australian Institute of Geoscientists, Troy meets the requirements of and will act as Canarc's Qualified Person as defined by National Instrument 43-101.

"Scott Eldridge"

Scott Eldridge, Chief Executive Officer
CANARC RESOURCE CORP.

About Canarc – Canarc Resource Corp. is a growth-oriented gold exploration company focused on generating superior shareholder returns by discovering, exploring and developing strategic gold deposits in North America. The Company is currently advancing two core assets, each with substantial gold resources, and has initiated a high impact exploration strategy to acquire and explore new properties that have district-scale gold discovery potential. Canarc shares trade on the TSX: CCM and the OTCQB: CRCUF.

For More Information – Please contact: 

Scott Eldridge, CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Cell: (604) 722-5381
Email: scott@canarc.net Website: www.canarc.net

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historic facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the future performance of Canarc, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, the Company's ongoing due diligence review in relation to the Acquisition, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may 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 forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

SOURCE: Canarc Resource Corp.

ReleaseID: 594868

VANCOUVER, BC / ACCESSWIRE / June 23, 2020 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) announces the voting results from its Annual and Special General Meeting ("AGM", the "Meeting") held on June 22, 2020 in Vancouver, BC.

Shareholders voted in favour of all items of business, including the re-election of each director nominated, the ratification of the Company's stock option plan and re-pricing of certain stock options. Smythe LLP were reappointed as auditors.

Following the AGM, Aztec's Board of Directors reappointed its officers for the coming year, namely: Joey Wilkins as President and CEO, Stewart Lockwood as Secretary, and Philip Yee as Chief Financial Officer.

About Aztec Minerals – Aztec is a mineral exploration company focused on the discovery of large mineral deposits in the Americas. Our core assets include the prospective, district scale Cervantes porphyry gold-copper property in Sonora, Mexico, and the Tombstone CRD silver-lead-zinc-copper district in Arizona. The Company board and management have successful track records of value creation through discovery, development and production in the mining sector. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

For more information, please contact:

Joey Wilkins, President and CEO
Tel: (604) 685-9770
Fax: (604) 685-9744
Email: joey@aztecminerals.com
Website: www.aztecminerals.com

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE: Aztec Minerals Corp.

ReleaseID: 594864

NEW YORK, NY / ACCESSWIRE / June 23, 2020 / Mobiquity Technologies, Inc. (OTCQB:MOBQ), a leading provider of next-generation advertising technology, and BW Strategy Group announce a partnership using data analytics and location-based marketing to aid in economic recovery post-COVID-19.

With destinations around the nation attempting to rebound from being closed for the first half of 2020 as a result of COVID-19, BW Strategy Group is helping expedite recovery by analyzing micro audiences for local and regional businesses. As regions open, consumer behaviors have shifted and the data will reveal new trends among customers. The goal is to provide municipalities and tourist destinations with an ability to rapidly observe and understand "the new normal" of recreational, shopping, and travel so that local economies can open up and businesses can quickly adapt.

"As Phase-1 economic recovery is typically represented by beaches, parks, and other recreational locations, we chose to focus first on tourist destinations," said Glenn Davis, CEO of BW Strategy Group. "Mobiquity is working with us to provide daily data surrounding the behavior of new target audiences."

Initial data analysis is focused on Virginia Beach businesses and surrounding destinations to quickly build new tourism opportunities. Analysis will explore visitation patterns including types of activities, travel distance, and destinations as tourist preference for road trips is replacing air travel this summer.

"Seasonal tourist destinations have been especially challenged by an extremely slow start to the summer, resulting from stay-at-home orders," continued Dean Julia, CEO of Mobiquity Technologies. "As the country emerges from quarantine, BW Strategies is taking a lead in using data analytics to understand new patterns of traffic to these important businesses which support the people of those communities. We are honored they selected us as their business partner."

For more information, please contact us: press@mobiquitytechnologies.com.

About Mobiquity Technologies

Mobiquity Technologies, Inc. (OTCQB:MOBQ), www.mobiquitytechnologies.com, is a next-generation Platform-as-a-Service (PaaS) company for data and advertising. The Company maintains one of the largest location-based audience databases available to advertisers and marketers through its data services division. Mobiquity Technologies' Advangelists subsidiary (www.advangelists.com) provides programmatic advertising technologies and insights on consumer behavior.

About BW Strategy Group:

BW Strategy Group (https://www.bwstrategygroup.com) is a marketing firm based in Virginia Beach, VA, with a nationwide footprint. BW Strategy Group specializes in the use of data analytics to help organizations best create, reach, and evaluate target audiences for their products, services, and surveys.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.

Certain statements in this press release constitute "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward‐looking statements. The forward‐looking statements are subject to risks and uncertainties including, without limitation, changes of competition, possible loss of customers, and the company's ability to attract and retain key personnel.

Related Images

SOURCE: Mobiquity Technologies, Inc.

ReleaseID: 594860

FinCanna Commits US$1.5m. Royalty Increases to 20% of QVI's Revenues, Annual Supplemental Payment Increases to 70% of QVI's After-Tax Income and FinCanna to Receive 70% of Sales Proceeds if QVI Sold

VANCOUVER, BC / ACCESSWIRE / June 23, 2020 / FinCanna Capital Corp. (CSE:CALI)(OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it has restructured the royalty agreement ("Restructured Royalty Agreement") with its portfolio company QVI Inc. ("QVI"), which is now in operation at its newly opened cannabis-infused product manufacturing facility located in Sonoma County, California.

Terms of the Restructured Royalty Agreement:

FinCanna to provide an additional US$1.5 million to QVI to ensure it is sufficiently capitalized during its launch and ramp-up phases of operations and has additional working capital to maximize the significant volume of sales opportunities as it scales and reaches profitability expected in the coming months.
Royalty rate increases to a flat rate of 20% of QVI's revenues, paid in cash monthly. Previously, the royalty was a tiered rate ranging from 15% to 6% of QVI's total revenues, with the top royalty rate of 15% on the first US$20 million of annual sales decreasing to 10% once cumulative royalties of US$10 million were achieved.
Annual Supplemental Payment increases to 70% of QVI's after tax-income and paid in cash every year. This Supplemental Payment, when coupled with the royalty, will ensure that FinCanna receives a minimum of 70% of the annual after-tax net income from QVI, paid in cash every year. Previously, the Supplemental Payment was 35% of QVI's after tax-income, accrued annually and would only be paid to FinCanna upon certain triggering events such as a sale of QVI.
Sale Proceeds from a sale of QVI paid 70% to FinCanna and 30% to QVI shareholders. Previously, FinCanna's share of proceeds ranged from 25% to 35%, depending on certain predetermined conditions, with the remaining 65% to 75% to QVI shareholders.
The previously agreed to bridge loan commitment to QVI of US$300,000 (not funded) has been cancelled.

Annie Holman CEO and Founder of QVI stated, "We are thrilled to be up and running. Although it has taken longer than anticipated, those hurdles are now behind us. The word is clearly out in the industry about our state-of-the-art facility and our outstanding production team. Our sales funnel is building rapidly from a growing influx of inquiries from interested brands as we continue to move quickly to onboard new customers. We also couldn't be happier with the ongoing support and commitment from the FinCanna team who continue to be excellent partners."

Andriyko Herchak CEO of FinCanna Capital said, "We are very pleased to announce that QVI is fully operational, and we continue to see sizeable escalating demand for QVI's manufacturing services. QVI has an exceptional management team, a brand-new customized facility located in one of the best jurisdictions in California and is operating in the edibles sector, which many experts report to be the fastest growing cannabis sector in the U.S. The additional funds we're providing will enable QVI to meet its goal of becoming the premier contract manufacturer in California, the largest single market in North America, and the revised royalty agreement creates a strong win-win for QVI and FinCanna."

Like many companies in various sectors in the licensed cannabis industry in California, QVI has taken longer than initially anticipated to get into operation with delays attributed to licensing, city permitting, timing issues related to completing the construction of its facility and certain issues associated with Covid-19. QVI has succeeded passing all of these hurdles and is now in operation. These considerable regulatory challenges at both the state and municipal levels, together with the substantial capital costs required, also represent significant barriers to entry for potential future competitors of QVI. These barriers also create compelling reasons for brands to use QVI's services instead of attempting to setup or expand their own manufacturing facilities. Additionally, QVI is differentiated from its peers by its automated capabilities to produce virtually all high-value cannabis products under one roof delivering a complete co-manufacturing solution, which is highly attractive to both in-state and out-of-state brands.

FinCanna's commitment for the additional funding was contingent upon major milestones being met by QVI, which included completing the build out of its 8,300 square foot manufacturing facility, receipt of its municipal Occupancy Permit and its Manufacturing License from the California Department of Public Health and the Office of Manufactured Cannabis Safety and QVI successfully commencing operations and revenues. With all required conditions met, QVI is now fully operational and its focus is on customer acquisition and retention, operational excellence, revenue generation and growth. QVI continues to experience very strong demand for its services.

About QVI

QVI, which stands for Quality, Value and Integrity, operates a state of the art 8,300 square foot manufacturing facility known as "The Galley" in Sonoma County, California. The facility is built to FDA and CDPH standards and is focused on high demand areas of production: Edibles, Topicals, Tinctures, Chocolates, Hard Candies, Gummies, Beverages, Vapes, Pre-Rolls and Flower Packaging. The Galley is differentiated from other contract manufacturers by its industrial scale automated capabilities to produce virtually all high-value cannabis products under one roof.

QVI's immediate goal is to become the premier contract manufacturer in California, the largest single market in North America and, upon success, to license products nationally and globally.

About FinCanna Capital Corp.

FinCanna is a royalty company that provides growth capital to rapidly emerging private companies operating in the licensed U.S cannabis industry. The company earns its revenue from royalties paid by its investee companies that are calculated based on a percentage their total revenues.

FinCanna's scalable royalty model provides an attractive alternative or complement to debt or equity financing for its investee companies. FinCanna is focused on delivering high-impact returns to its shareholders by way of a strategically diversified investment portfolio.

For additional information visit www.fincannacapital.com and FinCanna's profile at www.sedar.com

FinCanna Capital Corp.
Andriyko Herchak, CEO & Director

Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
CALI@kincommunications.com

Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the market for, and effectiveness of, QVI products or services, the ability of QVI to expand operations and generate sales, revenues, including the amount of future revenues, profits and positive cash flows, the results of operations of QVI and the timing thereof, QVI's client lists, the completion of FinCanna's investment in QVI, FinCanna's ability to fund and source future projects, and FinCanna's ability to earn and realize revenues from its investee companies. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the CSE listing statement available at www.SEDAR.com and other reports and filings with the applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

SOURCE: FinCanna Capital Corp.

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