Monthly Archives: June 2020

CLASS ACTION UPDATE for WORX, CONN and CLNY: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 26, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

WORX Shareholders Click Here: https://www.zlk.com/pslra-1/scworx-corp-loss-submission-form?prid=7579&wire=1
CONN Shareholders Click Here: https://www.zlk.com/pslra-1/conns-inc-information-request-form?prid=7579&wire=1
CLNY Shareholders Click Here: https://www.zlk.com/pslra-1/colony-capital-inc-loss-submission-form?prid=7579&wire=1

* ADDITIONAL INFORMATION BELOW *

SCWorx Corp. (NASDAQ:WORX)

WORX Lawsuit on behalf of: investors who purchased April 13, 2020 – April 17, 2020
Lead Plaintiff Deadline: June 29, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/scworx-corp-loss-submission-form?prid=7579&wire=1

According to the filed complaint, during the class period, SCWorx Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) SCWorx's supplier for COVID-19 tests had previously misrepresented its operations; (2) SCWorx's buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests; (3) as a result, the Company's purchase order for COVID-19 tests had been overstated or entirely fabricated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Conn's, Inc. (NASDAQ:CONN)

CONN Lawsuit on behalf of: investors who purchased September 3, 2019 – December 9, 2019
Lead Plaintiff Deadline: July 14, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/conns-inc-information-request-form?prid=7579&wire=1

According to the filed complaint, during the class period, Conn's, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Conn's was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) as a result, Conn's was reasonably likely to record an increase to its provision for bad debts; (3) the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants; (4) as a result, the Company's same-store sales would be adversely impacted; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Colony Capital, Inc. (NYSE:CLNY)

CLNY Lawsuit on behalf of: investors who purchased August 9, 2019 – May 7, 2020
Lead Plaintiff Deadline: July 27, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/colony-capital-inc-loss-submission-form?prid=7579&wire=1

According to the filed complaint, during the class period, Colony Capital, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Colony's sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate's portfolio were foreseeably likely to negatively impact Colony's financial and operating results; (ii) certain of Colony's remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at a significant risk of default; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
http://www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 595350

LAWSUITS FILED AGAINST HALL, LOPE and WFC – JAKUBOWITZ LAW PURSUES SHAREHOLDERS CLAIMS

NEW YORK, NY / ACCESSWIRE / June 26, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Hallmark Financial Services, Inc. (NASDAQ:HALL)

CONTACT JAKUBOWITZ ABOUT HALL:
https://claimyourloss.com/securities/hallmark-financial-services-inc-loss-submission-form/?id=7578&from=1

Class Period: March 5, 2019 – March 17, 2020

Lead Plaintiff Deadline: July 6, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (2) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (3) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; (4) as a result, Hallmark Financial would exit from its Binding Primary Commercial Auto business; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Grand Canyon Education, Inc. (NASDAQ:LOPE)

CONTACT JAKUBOWITZ ABOUT LOPE:
https://claimyourloss.com/securities/grand-canyon-education-inc-loss-submission-form/?id=7578&from=1

Class Period: January 5, 2018 – January 27, 2020

Lead Plaintiff Deadline: July 13, 2020

According to a filed complaint, statements made by Defendants were false and/or misleading because, following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.

Wells Fargo & Company (NYSE:WFC)

CONTACT JAKUBOWITZ ABOUT WFC:
https://claimyourloss.com/securities/wells-fargo-company-loss-submission-form/?id=7578&from=1

Class Period: April 5, 2020 – May 5, 2020

Lead Plaintiff Deadline: August 3, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company's litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

ReleaseID: 595348

LM Funding Announces Receipt of $1.5 Million Cash From Repayment of Craven Promissory Note

TAMPA, FL / ACCESSWIRE / June 26, 2020 / LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a technology-based specialty finance company, today announced early repayment of all principal and interest owed by Craven North America N.A. ("Craven") pursuant to Craven's $1.5 million Promissory Note. The Note was secured by the assets of Craven including 640,000 shares of Company stock. Upon receipt of the proceeds from escrow, the Company's cash on hand will increase to approximately $6.2 million as it continues executing on its strategy of acquiring accounts from Associations.

About LM Funding America:

LM Funding America, Inc., together with its subsidiaries, is a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado and Illinois by funding a certain portion of the associations' rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments.

Forward-Looking Statements:

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company's business, financial condition, and results of operations.

Company Contact:
Bruce M. Rodgers, Chairman and CEO
LM Funding America, Inc.
Tel (813) 222-8996
investors@lmfunding.com

SOURCE: LM Funding America, Inc.

ReleaseID: 595347

Wirecard AG – Investors Have the Possibility of Compensation

HAMBURG, GERMANY / ACCESSWIRE / June 26, 2020 / The past week was a bad dream for investors at Wirecard AG. Your investment virtually vanished overnight and found its peak in yesterday's filing for bankruptcy from Wirecard AG at AG München.

What does this mean for Wirecard AG investors who have invested money in their shares, bonds and derivatives?

Lawyer and specialist lawyer for banking and capital markets law Michael Leipold, with offices in Hamburg and Bavaria, explains as follows: "A claim for damages against the company continues to exist, even if these claims have to be at the bottom in bankruptcy."

"We currently have signs that there could be valuable claims against the auditors EY and possibly even BaFin. In the latter, even the top boss has admitted significant errors," Leipold continued.

The auditors have apparently audited false financial statements for several years. This prevented investors from knowing that they would not have made the investment.

Claims for damages can therefore arise for all investors who traded securities between February 24, 2016 and June 18, 2020.

Lawyer and specialist lawyer for banking and capital markets law Michael Leipold, has specialized in successfully enforcing claims in the event of failed investments for 17 years. The law firm checks the prospects of success for each individual prospect free of charge. If legal protection insurance is available, the free cover request is part of the law firm's service. There are all-inclusive offers for all injured investors without legal protection.

CONTACT:

Leipold Rechtsanwaltskanzlei
Neuer Wall 50
20345 Hamburg

Telefon: +49 – (0)40 – 210917500
Telefax: +49 – (0)40- 210917519
Email: info@rechtsanwaltleipold.de

SOURCE: Wirecard AG via EQS Newswire

ReleaseID: 595315

The Philosophy of Mike Bartholomew and How He Became a Social Media Master

NEW YORK, NY / ACCESSWIRE / June 26, 2020 / At first glance, you might assume that Mike Bartholomew spends every waking hour at the gym. It is nearly unfathomable that anyone could maintain his physique and still be able to spare enough time to monitor social media, let alone to develop a lucrative career of manipulating and commanding its enigmatic algorithms to exploit the almighty resource of exposure. Yet Mike has accomplished exactly that, and is quite forthcoming in explaining how his inextinguishable drive is his greatest asset.

"I've never been the type of person to just cruise through life in mediocrity," shares Mike. "Any industry I touch I become addicted to and I am instinctually forced to crush it. I knew that I was meant to be a leader, and to not only find a way for myself to leave my 9-to-5, but also to help others leave theirs as well. I wanted a way to be able to influence people from around the world, while helping them make money and build their influence as well."

Mike's two hometown environments played a major role in the shaping of his aspirations. Born in a low-income area of Fontina, CA, Mike was surrounded by crime and criminals throughout his youth. Discouraged at the bleak reality of their hostile surroundings, Mike's family soon moved on to the more quiet and distant setting of Coeur D' Alene, Idaho. Yet the humble, contenting, and lackluster lifestyle Mike was introduced to did not jive with his go-getter mindset. He looked around and saw the exact opposite of what he had escaped, and the other end of the spectrum was just as meaningless to him.

"I have seen the worst of both worlds," Mike explains. "One city will make a career criminal out of you and the other city will keep you very modest with no future career goals because of comfort. I was unique because I knew that settling for less wasn't an option for me. I had the mindset of knowing that I don't have to be a product of my environment, and that I can create wealth from anywhere in the world, right at my finger tips."

Mike talks the talk, but he also walks the walk. By his own account, he is on track to have seven streams of income and to become a millionaire by the age of 30. The self-proclaimed "serial entrepreneur" has got it all figured out and if his dedication to his own physical fitness is any indication, he will stop at nothing until he is miles above the competition. Mike explains his obsession with finding the most efficient and effective method of accomplishing what he sets out to do, specifically in this case mastering the complex beast that is social media:

"I'm a research guy. Anything that I want to be a part of, I have to know everything about it. The most intriguing thing about social media is that it is almost a taboo to speak about how to grow your social media presence aside from being featured with famous people or getting on television." Mike goes on to lament the pilfering of time exacted upon him and so many others by those who claim to have devised the key to gaining followers and notoriety: "I tried every method that was preached to me by ‘social media gurus' and none of it worked. I knew that I wanted to crack the code to help others grow and after years of research and trial and error, I've finally discovered methods that work."

Understandably, Mike does not so easily give up his exact formula for success, only touching on bits and pieces. For one thing, integrity is key. Never overpromising or under-delivering. Surrounding oneself with trustworthy and hardworking people is another crucial aspect he focuses on. Though his proprietary secret of social media mastery is his alone to know, Mike is ready and willing to impart to the world something just as beneficial: the philosophy that has facilitated his accomplishments.

"Mindset can build an empire or shut down a massive corporation. The strongest mindset is knowing that you will never fail if you never quit. Don't be a tomorrow person; generally tomorrow never comes. Something will always come up, something will always test your patience and beg you to quit. The ones that win are the ones that do all the things that nobody else wants to do."

Doing what others are afraid to do themselves has not left Mike entirely unscathed. He readily admits that work-life balance is a struggle for him. Though he considers his wife and two children to be the biggest successes in his life, his drive for dominance in his field often competes for priority with his personal life.

"My biggest obstacle that I'm still working on is creating balance. Everyone sees success differently, but my success is knowing that everyone I love is taken care of completely. Substituting my workload for my children and spouse and learning to balance those aspects are the toughest thing any entrepreneur has to deal with." Despite these struggles, Mike has set his sights on utilizing his business savvy to enjoy the best of both worlds in the near future: "My next project will be to create additional hands-free sources of income so that I can focus on other important aspects of my life."

To find out more about Mike Bartholomew and his road to social media success, join his more than 175 thousand followers on Instagram.

CONTACT:

Paula Henderson
202-539-7664
phendersonnews@gmail.com

About VIP Media Group:

VIP Media Group is a hybrid PR agency. Their diverse client base includes top-class entrepreneurs, public figures, influencers, and celebrities.

SOURCE: VIP Media Group

ReleaseID: 595339

Nicholas Gerace Examines Mental Health Toll Stemming from Social Distancing

In a recent discussion, Nicholas Gerace, a passionate life coach, observed the mental health effects that are a consequence of social distancing and shared practical advice that can help thwart such obstacles

LATHAM, NY / ACCESSWIRE / June 26, 2020 / Nicholas Gerace served in the United States Army for the full extent of his career, having ascended the ranks en route to retirement at Hunter Army Airfield. Now specializing in child psychology and a life coach, he is sincere in his efforts of integrating these lessons into his daily life while also aspiring to act as a leader both personally and professionally.

Nicholas has revealed common mental struggles experienced by those who are trapped in social distancing precautions and determines a few crucial steps that can be beneficial in overcoming these setbacks.

Fear and Apprehension

Since the COVID-19 pandemic started, anxiety has been soaring throughout the public consciousness, as the coronavirus has a significant infection rate, is capable of surviving on surfaces for a few days, and has symptoms that can unknowingly spread from person to person. Although severe threats of this type do warrant social distancing parameters to be incorporated, people are rightfully concerned about conducting their essential tasks, such as going to the grocery store for food and supplies. Line-ups in front of a store and the unusually empty shelves only amplify the level of anxiety felt by all.

Depression and Boredom

Daily routines and hobbies are currently on the backburner, with COVID-19 forcing the majority of people to sit tight, remain patient, and only engage in the most necessary of outdoor movements, Nicholas Gerace states. Many are in the midst of layoffs or furloughs and children are continuing their education through online means. Every day seems to present a number of unsavory questions. What are the enjoyable options, if any, available? How will you maintain a sound mind and body through these experiences? When will a return to normality be near? Seclusion and a lack of choices to utilize the abundance of free time, has led to depression and boredom, overwhelming plenty of people.

A Mix of Unhealthy Emotions

Exasperation, irritation, frustration, regardless of how you describe your present state of mind, chances are that you have felt negative emotions during the COVID-19 pandemic, Nicholas Gerace says. Our agitation, due to the surrendering of our control and habitual preferences, has stirred up confrontations, whether they are internal or directed towards others. What's more worrisome, these behavioral tendencies can arise in almost any circumstances. Perhaps you lost your temper while waiting in a particularly lengthy queue or when noticing the authorities enforcing social distancing measures. With limitations and restrictions established, it is inevitable for people to occasionally lash out, verbally or physically, even if these emotions are uncharacteristic.

Potential Solutions

Staying Connected

Social distancing might prevent you from directly contacting your friends and family members, but, thanks to technological innovations, you can still organize group gatherings and conversations, Nicholas Gerace says. In addition to the old-fashioned calls or text messages, there is an array of applications that provide video conferencing alternatives, many of which are simple to navigate and free to download. Ensure that you frequently reach out to your friends and family, because it will momentarily distract you from the present circumstances relating to COVID-19 and support your mental health.

Commit to Activity

Despite the closing of gyms and social distancing parameters standing in the way of team sports, you possess the power to complete solo activities. Bike riding, jogging, walking, and rollerblading, for example, will preserve a strengthened mentality and bring you a notable amount of happiness, all while following the COVID-19 guidelines. Generally, exercise is a colossal boost to one's mood, making it absolutely critical that we consistently work out our bodies via cardiovascular routines, weightlifting, or a combination of the two. Try to venture outdoors for these activities as often as possible too, especially when the sun is beaming.

Control What You Can, says Nicholas Gerace

Finally, it is of the utmost importance to manage life in the areas that have not been totally seized from your control. Do this by creating realistic expectations, acknowledging the situation in a constructive manner, and avoiding excessive exposure to the news cycle. On the alternative, illogical side, pursuing unattainable goals, displaying clear-cut ignorance, and being consumed by every media update will only damage your spirit. Aspects of these circumstances, and how draining they become over the coming months, will be decided by your attitude and your approach, says Nicholas Gerace.

Contact:

Nicholas Gerace
nick.j.gerace@gmail.com

SOURCE: Nicholas Gerace

ReleaseID: 595337

Spruce Ridge Gives an Update on Company Exploration Activities and Plans: Drilling to Commence at Great Burnt Copper-Gold Property, Newfoundland

PUSLINCH, ON / ACCESSWIRE / June 26, 2020 / Spruce Ridge Resources Ltd. (TSXV:SHL) ("Spruce Ridge" or "the Company") is pleased to present this update on the Company's mineral exploration activities.

Additional Infill Drilling on the Great Burnt Copper Deposit: The Company is planning to immediately commence a 3,000 metre program of infill diamond drilling on the Great Burnt Copper Deposit in central Newfoundland. The program is intended to firm up the Indicated and Inferred Mineral Resource estimate on the deposit.

Previous infill drilling campaigns on the Great Burnt Copper Deposit in 2016 and 2018 resulted in an increase in the Inferred Mineral Resource from 382,000 tonnes of 2.68% Cu to 550,000 tonnes of 2.66% Cu (a 41 percent increase in contained copper from 23.0 to 32.3 million pounds). The Inferred Mineral Resource decreased by 11 percent from 34.2 to 30.4 million pounds of contained copper with a modest increase in grade (from 663,000 tonnes of 2.31% Cu to 572,000 tonnes of 2.41% Cu).

The increase in tonnes and copper content of the Inferred Mineral Resource is due to (a) 91,000 tonnes having been upgraded from Indicated to Inferred Mineral Resource, (b) infill drill holes intersecting greater widths and higher copper grades than nearby historical holes and (c) reducing the cutoff grade from 1.0% Cu to 0.9% Cu without significant reduction in average grade, because of the higher grades in 2016-2018 drilling. It is conjectured that some of the 1960s-era drill holes at Great Burnt, which used mostly EX drill core (22 mm diameter) as well as "standard" (i.e. non-wireline) drilling may have failed to recover portions of the sulphide zone, which could have been susceptible to grinding and core loss. Management anticipates that additiona infill drilling with NQ core (47 mm diameter) and wireline technology could result in a further increase in Mineral Resource estimates for the Great Burnt Copper Deposit, as well as moving more Mineral Resources from the Inferred to the Indicated category

Planned Drilling on the South Pond Copper-Gold Deposits: The infill drilling at Great Burnt will be carried out under an existing exploration permit. The Company is applying for a new exploration permit to make an 11-kilometre access trail from the Great Burnt copper deposit (which is road-accessible) to the South Pond area, and to perform additional diamond drilling on the South Pond "A" copper-gold deposit (discovered in the 1950s and drilled in the 1960s by Asarco) and the South Pond "B" gold deposit, which was discovered by BP Minerals in 1988. The South Pond "B" gold deposit was also drilled by Celtic Minerals in 2001-2002. Both BP Minerals and Spruce Ridge have re-sampled core from the historic drilling of the South Pond "A" copper-gold deposit and assayed it for gold. This has allowed estimation of copper-gold Mineral Resources at South Pond "A". A table of the 2019 revised Mineral Resource estimates is given at the end of this news release.

Results of the Airborne EM and Mag survey of the Great Burnt-South Pond Area: The company has received preliminary results from a recent helicopter-borne electromagnetic and magnetic survey of the whole Great Burnt-South Pond property (see news release 2020-01, February 17th, 2020). The 2020 survey, using the Triumph AirTEM™ time-domain electromagnetic system has shown more low-conductive responses than a 2007 survey. This is an important development because the Great Burnt copper deposit gives a low-conductivity response, even though it is a massive sulphide deposit. The Company expects to receive final results from the survey shortly, and anticipates that they may give additional, previously unknown, exploration targets.

Future Plans for the Great Burnt-South Pond project: The Company intends to carry out preliminary metallurgical testing on archived drill core from the Great Burnt Copper Deposit (vacuum-packed and stored in a freezer to prevent oxidation of the sulphide minerals, which can suppress their flotation responses). This will lead to a Preliminary Economic Assessment (PEA) to determine the viability of mining the deposit.

Exploration in Northern Ontario: Following the completion of the acquisition of the Crawford Nickel property by Canada Nickel Company (TSX-V: CNC) from Spruce Ridge and Noble Mineral Exploration Ltd. (TSX-V: NOB) – see news releases February 19, 2020, Spruce Ridge retained ground which includes a number of geophysically defined targets with potential for volcanogenic massive sulphide (VMS) and gold mineralization. Proximity to Glencore's Kidd Creek zinc-copper-silver mine, one of the world's largest VMS deposits at 100 million tonnes plus enhances the prospectivity of the Crawford Township area. Management intends to embark on an aggressive exploration program at Crawford.

John A. Ryan, CEO of Spruce Ridge, stated that "the successful conclusion of our drilling at the Crawford Nickel Deposit, and disposition of the Crawford property to Canada Nickel, has given Spruce Ridge the funds to carry out an aggressive exploration program in Newfoundland and Northern Ontario."

Great Burnt Underground Mineral Resource Estimate at 0.90% CuEq Cut-Off(1-5)

Classification

Tonnes (k)

Cu
%

Au
g/t

CuEq
%

Cu
Mlbs

Au
koz

CuEq
Mlbs

Indicated

550

2.66

Nil

2.66

32.3

Nil

32.3

Inferred

572

2.41

Nil

2.41

30.4

Nil

30.4

South Pond "A" Deposit

Indicated

219

1.26

1.01

1.95

6.1

7.1

9.4

Inferred

203

1.09

0.98

1.76

4.9

6.4

7.9

Total

Indicated

769

2.26

0.29

2.46

38.4

7.1

41.7

Inferred

775

2.06

0.26

2.24

35.3

6.4

38.3

Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues, although Spruce Ridge is not aware of any such issues.
The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines.
The 0.90% Cu cut-off grade was derived from the September 30/19 respective two year trailing average Cu and Au prices of US$2.90/lb and US$1,305/oz, two year trailing average US$ exchange rate of $0.77, 92% process recovery, underground mining C$40/t, processing C$15/t, G&A $5/t and smelting/refining C$10/t.
CuEq% = Cu% + (Au g/t x 0.68)

Spruce Ridge would like to clarify that certificates of CNC Shares to be paid under the Dividend announced June 23, 2020 will be mailed to shareholders of Spruce Ridge on September 1, 2020.

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.

After distribution of 2,500,000 shares of Canada Nickel Company to Spruce Ridge shareholders (See news release dated June 23, 2020) Spruce Ridge will own 8,100,000 shares of Canada Nickel Company and 10,000,000 shares of Noble Mineral Exploration Inc.

The technical information in this news release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as such term is defined in National Instrument 43-101.

For further information please contact:

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

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, timing for completion of the proposed transaction, the amount and uses of proceeds, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Spruce Ridge Resources Ltd.

ReleaseID: 595335

RYDER CLASS ACTION DEADLINE ALERT: Barbuto & Johansson, P.A. Reminds Investors of the Upcoming Deadline in the Ryder System, Inc. Securities Class Action

WELLINGTON, FL / ACCESSWIRE / June 26, 2020 / Barbuto & Johansson, P.A. ("BARJO" or the "Firm") and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action experience, including cases against ENRON and HALLIBURTON), remind investors that they have until July 13, 2020 to file lead plaintiff applications in the securities class action lawsuit filed against Ryder System, Inc. (NYSE:R). Shareholders with losses exceeding $100,000 are encouraged to contact the Firm to discuss their options and potential appointment as lead plaintiff.

The case, Key West Police & Fire Pension Fund v. Ryder System, Inc., et al., Case No.: 1:20-cv-22109-KMW, was filed in the U.S. District Court for the Southern District of Florida on behalf of shareholders who purchased the Company's common stock between July 23, 2015 and February 13, 2020, inclusive (the "Class Period"). The lawsuit alleges that Ryder and certain of its current and former executives failed to disclose material information during the Class Period, violating federal securities laws. Specifically, the lawsuit alleges that the Ryder defendants misrepresented the Company's true financial condition by overstating the residual value of its trucking fleet, which artificially inflated the Company's earnings.

On February 13, 2020, Ryder disclosed that, due to significant reductions to the residual value of its trucking fleet, the Company had incurred a total of $357 million in depreciation expense for 2019 plus a loss of approximately $58 million on used vehicle sales, and that it expected to incur another $275 million in depreciation expense on its fleet and an additional $20 million estimated loss on used vehicle sales in 2020. In response to this news, the Company's stock price plummeted approximately 20% over two trading days from $50.19 per share to $40.12 per share.

If you purchased shares of Ryder and would like to discuss the case and your options as a class member and serving as a lead plaintiff, you may, without obligation or cost, contact attorney Anthony Barbuto, at (888) 715-2520, or via email at anthony@barjolaw.com, or Neil Rothstein via email at neil@barjolaw.com. BARJO believes strongly that the choice of a qualified lead plaintiff can have a significant impact on the successful outcome of a case.

Barbuto & Johansson, P.A.
Anthony Barbuto, Esq.
1-888-715-2520
12773 Forest Hill Blvd., 101
Wellington, FL 33414
www.barjolaw.com

SOURCE: Barbuto & Johansson, P.A.

ReleaseID: 595336

Radio Tower Target Confirmation Results and Newly Identified Target Sampled on the Jewel Ridge Property, Nevada

VANCOUVER, BC / ACCESSWIRE / June 26, 2020 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company") reports that it's geological team has confirmed previous reported results on the Radio Tower target (Press Release May 14, 2020) and also has sampled a new mineralized zone designated as the A&E Target (historic results up to 29.49 g/t Au, 333.0 g/t Ag) on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada.

Highlights:

Radio Tower Target – sampling by Company personnel of dumps from adits, shafts, old trenches and outcrop have returned a median (based on gold values) of seven (7) samples of 1.93 grams gold per tonne Au g/t), 44.8 g/t silver (Ag), and 0.04 percentage copper (% Cu), 0.72 % lead (Pb) and 1.18 % zinc (Zn). Historic sampling acquired from a third-party reported on May 14, 2020 returned a median (based on gold values) of 0.39 g/t Au, 12.2 g/t Ag, 0.07 % Cu, 0.78% Pb and 0.92 % Zn from 9 samples in the area. While grab rock samples are not representative of the grade of mineralization of an occurrence, they are useful in determining prospectivity and geological features, and the comparison between the Company's assays and the historic assays are supportive of a carbonate-replacement style of mineralization at the Radio Tower Target.

SAMPLE #

TYPE

AU G/T

Au oz/t

AG G/T

Ag oz/t

Cu %

Pb %

Zn %

EU-35

RT rock, outcrop

8.01

0.234

123

3.59

0.15

1.91

1.63

EU-36

RT rock, outcrop

5.79

0.169

248

7.23

0.23

2.50

1.50

EU-33

RT dump, adit

5.27

0.154

103

3.00

0.07

4.36

0.42

EU-34

RT dump, adit

1.93

0.056

44.8

1.31

0.04

0.72

1.18

EU-37

RT dump, adit

1.31

0.038

239

6.97

0.37

0.41

0.66

EU-38

RT dump, shaft

0.06

0.002

5.33

0.16

0.06

0.02

2.04

EU-26

Magnet Ridge -dump

0.02

0.000

11.3

0.33

0.12

0.09

1.84

 
 
 
 
 
 
 
 
 

A & E Target – based on a compilation of the recently acquired historic third-party rock chip data base and geological reconnaissance by Company personnel, another prospective target has been identified. Highlights include values up to 29.49 g/t Au, 333.0 g/t Ag, 1.35 % Cu, 4.00% Pb and 9.53 % Zn. The median (based on gold values) of nine (9) samples on the two patented claims is 2.30 g/t Au, 47.4 g/t Ag, 0.18 % Cu, 0.20 % Pb and 0.62 % Zn.

SAMPLE #

TYPE

AU G/T

Au oz/t

AG G/T

Ag oz/t

Cu %

Pb %

Zn %

8087BJ

DUMP

29.49

0.860

181.0

5.28

0.08

0.81

0.40

8085BJ

DUMP

11.69

0.341

333.0

9.71

0.09

4.00

0.61

8089BJ

DUMP

7.95

0.232

223.0

6.50

0.39

0.92

1.44

8088BJ

DUMP

7.70

0.225

209.0

6.10

0.36

3.76

8.46

8082BJ

ROCK

2.30

0.067

47.4

1.38

0.18

0.20

0.62

8084BJ

ROCK

0.48

0.014

45.0

1.31

1.35

0.23

2.84

8083BJ

ROCK

0.30

0.009

42.0

1.22

0.27

0.35

9.53

8080BJ

ROCK

0.25

0.007

3.2

0.09

0.04

0.33

0.77

8081BJ

ROCK

0.02

0.001

0.8

0.02

0.00

0.00

0.03

 
 
 
 
 
 
 
 
 

Designated as the A & E Target (based on the two patented claims) this area is located approximately 500 meters south-southeast of the Radio Tower Target. The A & E Target is also located approximately 300 meters southwest of the western edge of the South Eureka Tunnel zone (Carlin, oxide gold target)., and is approximately 185 meters (600 feet) higher in elevation. Significant historic mine dumps are scattered in the A& E area, interpreted to be from the "Sterling Mine" operations (note: limited historic data available), focused on carbonate-replacement style mineralization.

The A & E target has no known drill holes, but the area has been recently visited by Company personnel to determine the logistics of accessing the area during the Company's forth coming RC (reverse circulation) drill program, planned for July 2020. Samples comprise grab rock samples from dumps of old mine workings and rock outcrop exposures. Grab rock samples are not representative of the grade of mineralization of an occurrence, but are useful in determining prospectivity, and geological features.

QA/QC

Golden Lake is reliant on ALS Labs in Reno, Nevada for its QA/QC as these are preliminary samples and limited in number.

Qualified person

Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Garry Clark, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

About the Jewel Ridge Property

The Jewel Ridge property is located on the south end of Nevada's prolific Battle Mountain – Eureka trend, along strike and contiguous to Barrick Gold's Archimedes/Ruby Hill gold mine to the north and Timberline Resources' advanced-stage Lookout Mountain project to the south.

The property comprises 96 unpatented lode mining claims and 30 patented claims covering approximately 728 hectares (1,800 acres). The Jewel Ridge property contains several historic small gold mines. The Company's focus is on Carlin-style disseminated gold deposits, the primary focus in the area since the late 1970s.

Nevada Carlin-type gold deposits (CTGD) have a combined endowment of more than 250 million ounces, which are concentrated (85 per cent) in only four trends or camps of deposits: Carlin, Cortez (Battle Mountain-Eureka), Getchell and Jerritt Canyon. The Company cautions that results on adjacent and/or nearby projects are not necessarily indicative of results on the Company's property.

About Golden Lake Exploration Inc.

Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995
TollFree:1-888-945-4770

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Golden Lake Exploration Inc.

ReleaseID: 595292

Predictmedix and Tech Mahindra to Offer AI Based Healthcare Solution for Post COVID-19 Environment

TORONTO, ON / ACCESSWIRE / June 26, 2020 / Predictmedix Inc. (CSE:PMED)(OTCQB:PMEDF) ("Predictmedix" or the "Company") is pleased to announce a collaboration with Tech Mahindra Ltd, a leading provider of digital transformation, consulting and business re-engineering services, to offer AI-Based Healthcare solutions as a part of suite of post-COVID-19 technology.

The COVID-19 pandemic has brought upon significant disruption to the global economy which has impacted all the major industries and has highlighted the importance of workplace safety. In keeping with the lines of workplace safety, Tech Mahindra is assembling a suite of technologies which will have a relevance in a post-COVID-19 environment from the context of workplace health and safety.

Venugopal Reddy Kandimalla, Senior VP and Global Head, Healthcare & Life Sciences, Tech Mahindra, said, "We at Tech Mahindra launched our TechM NxT platform in 2018 with a theme of innovative collaboration and every vertical therefore drives a TechMNxT strategy. As part of Tech Mahindra Health NxT platform, we are leveraging the power of digital technologies including artificial intelligence and machine learning to augment our virtual health solutions, which will support healthcare providers and organisations to manage COVID-19 pandemic. While innovating in this space, we are also collaborating with partners with niche solutions to enhance our COVID suite of solutions for different markets on a regular basis"

One of the biggest workplace health and safety issue is impairment for both cannabis and alcohol. Predictmedix has developed a proprietary technology which uses multispectral cameras and can be deployed in a workplace setting to screen for both cannabis and alcohol impairment along with screening for COVID-19 symptoms. The technology is to be deployed using a software as a service ("SaaS") model on a revenue share basis, which will involve an upfront customization fee followed by a monthly license fee based on the volume of screenings. Tech Mahindra and Predictmedix are working closely to incorporate Predictmedix's impairment detection technology along with it's COVID-19 solutions into the suite of post COVID-19 technologies to be offered by Tech Mahindra for workplace and safety across the globe. The collaboration is effective as of June 23, 2020.

"The current COVID-19 pandemic has really brought upon an increased focus on workplace health and safety and our impairment detection along with COVID-19 symptom screening technologies fit in well with the suite of technologies being assembled by Tech Mahindra", said Dr. Rahul Kushwah, COO of Predictmedix.

For more details on this release please click on the following video interview:

https://youtu.be/krJQkPT9orM

About Tech Mahindra.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates, and the Society to Rise™. Tech Mahindra is operational across 90 countries, helping 973 global customers including Fortune 500 companies. As of April 2020, Tech Mahindra is a US$5.2 billion revenue IT company with 125,000+ employees across 90 countries. The company reported earnings of US$614.6 million in 2019.Tech Mahindra's convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

Tech Mahindra part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

About Predictmedix Inc.

Predictmedix Inc. is an artificial intelligence ("AI") company developing disruptive tools for impairment testing and healthcare. It is intended that the Company's cannabis and alcohol impairment detection tools will be used across various workplaces and by law enforcement agents. Its technology uses facial and voice recognition to identify both cannabis and alcohol impairment by utilizing multiple features along with numerous different data points. Testing does not require any body fluids or human intervention, thereby helping to remove human error and the potential for discrimination and prejudice.

The Company is also developing AI-based screening for the healthcare industry. The recent advent of COVID-19 pandemic has placed unprecedented stress on the global economy and highlights the need for tools to help screen mass populations for infectious diseases, with the hope of preventing pandemics in the future. In turn, Predictmedix Inc. is expanding its proprietary AI technology to screen for infectious diseases such as influenza and coronaviruses (COVID-19). Our current partners along with advisory board members have played a key role in gathering data pertaining to COVID-19, which has allowed us to develop a predictive mass screening tool for COVID-19 symptoms.

Additionally, psychiatric disorders such as depression, dementia and Alzheimer's disease can carry a significant burden and early identification is the key to better management. To help address this, the Company is also expanding its proprietary AI technology to screen for psychiatric and/or brain disorders such as depression, dementia and Alzheimer's disease. To find out more visit us at www.predictmedix.com

For further information, please contact:

Dr. Rahul Kushwah
Chief Operating Officer
Tel: 647 889-6916
Email: rahul@predictmedix.com

Caution Regarding Forward-Looking Information:

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results of the Company. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances. The Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulations under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein, such as, but not limited to dependence on obtaining regulatory approvals; the ability to obtain intellectual property rights related to its technology; limited operating history; general business, economic, competitive, political, regulatory and social uncertainties, and in particular, uncertainties related to COVID-19; risks related to factors beyond the control of the company, including risks related to COVID-19; risks related to the Company's shares, including price volatility due to events that may or may not be within such party's control; reliance on management; and the emergency of additional competitors in the industry.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

SOURCE: PredictMedix Inc.

ReleaseID: 594969