Monthly Archives: June 2020

Mawson Commences Exploration Programs in Finland and Australia

VANCOUVER, BC / ACCESSWIRE / June 24, 2020 / Mawson Resources Limited ("Mawson") or (the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC Pink:MWSNF) is pleased to announce the recommencement of activities in Finland and the initiation of exploration activities in Australia.

Highlights:

Following the successful winter resource expansion drilling program at the Rajapalot project in Finland, fieldwork has recommenced targeting year-round accessible strike extensions to mineralization;
In Victoria, Australia, exploration programs for Fosterville-style mineralization have commenced in the Company's Sunday Creek, Redcastle and Doctor's Gully areas;

Mr. Hudson, Chairman and CEO, states, "We are excited to start exploration on our new acquisitions in Australia and recommence exploration in Finland. We have many reasons to be confident to find repeats of our mineralizing system in Finland along the 3 kilometre trend at Hirvimaa, that is located immediately along strike from our resource areas.

In Victoria, preliminary field investigations confirm the presence of extensive gold-mineralizing systems in all three project areas, and heavily support the proposed strategy to explore for Fosterville-like, shallow orogenic epizonal gold. We look forward to commencing exploration and ultimately drilling projects in Australia and Finland in the coming months."

In Australia, following a review of historic literature, compilation and assessment of data, field teams have conducted reconnaissance exploration at the Sunday Creek, Redcastle and Doctors Gully projects. Re-logging of Sunday Creek diamond drill core combined with initial field work indicates upside potential for gold external to the previously mapped dyke rocks. At Redcastle and Doctors Gully comprehensive surface mapping, geophysical, geological and geochemical surveys are planned, to be followed by drilling in Q4 2020. Further information will be released shortly.

In Finland, a geophysical team has been mobilized to conduct fixed loop transient electromagnetic ("TEM") surveys along a 3 kilometre trend within the Hirvimaa permit. The first Hirvimaa target zone is located in all-year permitted drill areas and 500 metres along strike from the Palokas resource area (Figure 1), where results from drilling earlier this year included PAL0222 returning 8.2 metres @ 19.1 g/t Au and 1,572 ppm cobalt from 266.9 metres and PAL0228 containing 7.0 metres @ 17.0 g/t gold, 2,168 ppm cobalt from 251.4 metres. Targets generated from TEM surveys will be drilled during Q3 to Q4 2020 utilizing new geologic and geochemical targeting information gained during the recently completed drill program.

The geophysical character of the gold-cobalt mineralization at Rajapalot is well understood. Fixed-loop transient electromagnetic ("TEM") anomalies correspond closely with known mineralized areas. Many geological and geochemical features motivate further assessment of the Hirvimaa area. These include:

The two largest Rajapalot-style gold-mineralized boulders on the project area have been found in the down-ice direction from the TEM survey area (Figure 1). Previously announced drill samples from the boulders included 0.6 metres @ 21.3 g/t gold and 0.8 metres @ 13.1 g/t gold;
A total of 17 previously reported surface grab samples (8 outcrop samples and 9 boulder grab samples) within a 300 metre by 100 metre area at Hirvimaa returned up to 1,520 g/t gold (minimum 0.0 g/t gold) and averaged 55.5 g/t gold. Additionally, 3 channel samples from the same area assayed 2 metres @ 21.5 g/t gold (including 0.5 metres @ 85.6 g/t gold), 1.1 metres @ 0.7 g/t gold and 0.6 metres 0.3 g/t gold;

Approximately half the samples were Rompas-style calc-silicate vein hosted mineralization that is interpreted to be located in the adjacent stratigraphic sequence to the disseminated high-grade Rajapalot style of mineralization (Figure 1; Palokas, South Palokas and Raja prospects are of the Rajapalot type);

A 120 shallow hole diamond drill program within an area of 2.5 kilometres by 0.5 kilometres was completed in the TEM survey area. The average depth of each drill hole was 7.3 metres and the average thickness of glacial soil overburden was 3.9 metres. The drill program defined a 600-metre-long mineralized-host rock trend defined by geology and low tenor gold anomalism in bedrock, with the best result being 1 metre @ 0.12 g/t gold;
Sporadic previously reported deeper diamond drilling within the trend includes PAL0008, located 680 metres north of Palokas, returned 3.0 metres @ 1.4 g/t gold from 31 metres. Anomalous cobalt, interpreted to be spatially related to gold-cobalt mineralization has been interested in drill hole PAL0143 containing 4.1 metres @ 386 ppm Co from 93.1 metres and PAL0139 returning 2.0 metres @ 365 ppm Co from 41.6 metres;
Detailed ground magnetic surveys have defined areas with reverse remanent magnetism caused by pyrrhotite likely to be associated with gold mineralization.

Technical and Environmental Background (Finland)

The host rocks to the gold and cobalt mineralization at Rajapalot (Finland) comprise sulphides (pyrrhotite>>pyrite) with biotite-muscovite-chlorite schists at Raja and South Palokas and Mg-Fe amphibole-biotite-chlorite rocks at Palokas. Veining and fracture-fill minerals include pyrrhotite, magnetite and magnetite-pyrrhotite (+/- quartz, tourmaline). Retrograde chlorite after biotite, generations of secondary muscovite ("sericite") and vein-controlled chlorite+/- tourmaline and magnetite are also present. Preliminary hand-held XRF analysis confirms the presence of associated scheelite and molybdenite, the former visible under UV light as tiny veinlets and disseminations. The minerals associated with the gold are clearly post-metamorphic, reduced, and most likely driven by hydrothermal fluids from nearby granitoid intrusions. Chlorite and fine muscovite are regarded as the lowest temperature silicate minerals with gold, structurally controlled in apparent spatial association with quartz and/or K-feldspar veins. Altered rocks enclosing the mineralized package contain locally abundant talc and tourmaline.

All Finnish maps have been created within the KKJ3/Finland Uniform Coordinate System (EPSG:2393).

Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab (boulder) samples are selective by nature and are unlikely to represent average grades on the property.

The qualified person for Mawson's Finnish projects, Dr. Nick Cook, President for Mawson and a Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.

NI 43-101 Technical Report (Finland):

On December 19, 2018, Mawson filed an independent National Instrument 43-101 Technical Report (the "NI 43-101 Technical Report") on the Mineral Resource Estimate for the Raja and Palokas Prospects, at the 100% owned Rajapalot Project in Finland, (the "NI 43-101 Technical Report"), in support of the Company's news release dated December 17, 2018. The NI 43-101 Technical Report was authorized by Mr. Rod Webster of AMC Consultants Pty Ltd ("AMC") of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr. Forrester are independent "qualified persons" as defined by National Instrument 43-101. The NI 43-101 Technical Report may be found on the Company's website at www.mawsonresources.com or under the Company's profile on SEDAR at www.sedar.com. For the 2018 resource, the gold equivalent ("AuEq") value was calculated using averaged prices of the time, resulting in the following formula: AuEq g/t = Au g/t + (Co ppm/608) with assumed prices of Co $30/lb; and Au $1,250/oz. AuEq varies with Au and Co prices.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland and is now developing interests in Victorian gold properties in Australia.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.mawsonresources.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316, info@mawsonresources.com

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on the Company's business, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Figure 1: Regional map of Rajapalot project area showing diamond drill results, 2018 NI 43-101 resource areas overlain on simplified geological map of mineralized host package, mafic rocks and metasedimentary host rocks (Sequences 1 & 2). The planned TEM survey area is shown extending to the northeast of Palokas in areas where year-round drilling is permitted (frozen ground and winter snow cover is required for drilling in the Palokas to Raja areas). Note the extension of the mineralized package, two strike-parallel boulder trends, and anomalously high gold and cobalt results from initial drilling (blue stars > 250 ppm Co). Boulder highlights are included – note that general ice flow direction is NW to SE.

SOURCE: Mawson Resources Limited

ReleaseID: 595110

Orsu Metals updates Corporate Presentation

VANCOUVER, BC / ACCESSWIRE / June 24, 2020 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") is pleased to report that it has posted its updated corporate presentation for June 2020 on its web site:

https://www.orsumetals.com/investors/presentations/

The Corporate presentation showcases:

The Company is permitted to pilot mine 1,050,000 tons of mineralized material for up to 3 years in order to establish the essential elements of the Sergeevskoe gold project such as optimal flowsheet, achievable recoveries, mining loss and dilution among other things.
The Company expects that, as an added benefit of the pilot mining project, it will conceivably generate enough cash to fund exploration to grow the deposit base and advance the project without dilution to its shareholders.
Orsu Metals expects that pilot mining will begin in late summer 2020.
Notes:

The Company has made a decision to proceed to a bulk sample test followed by pilot mining production without first establishing mineral reserves supported by preliminary feasibility study, and is instead advancing to pilot mining production using drilling, metallurgy data alongside market evaluation. The Company understands that such projects are typically associated with higher risk of economic or technical failure.

Disclosure: Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision.. The Company has not completed a feasibility study on, nor has the Company completed a mineral reserve or resource estimate at the Sergeevskoe project and as such the financial and technical viability of the project is at higher risk than if this work had been completed. Based on geological data, metallurgy and current engineering work completed or in process by Orsu Metals, the Company intends to move forward with the development of this asset beginning with a bulk test followed by pilot mining from two outer perimeter areas of the project. The Company further cautions that it is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and therefore there is a much greater risk of failure associated with its production decision. In addition, readers are cautioned that inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The development of a mining operation typically involves large capital expenditures and a high degree of risk and uncertainty. To reduce this risk and uncertainty, the issuer typically makes its production decision based on a comprehensive feasibility study of established mineral reserves. The Company has decided to proceed without established mineral reserves, basing decision on internal projections.

Qualified Person

Alexander Yakubchuk, the Company's Director of Exploration, Ph.D., MIMMM, a Qualified Person as defined by NI 43-101, has reviewed, verified and approved the exploration information disclosures contained in this press release.

About Orsu Metals Corporation

Orsu Metals Corporation is a mineral exploration and development company. The 90% owned Sergeevskoe gold project located in the Mogocha District of the Zabaikal'skiy Region of the Russian Federation is the focus of Orsu's activities. Orsu has filed a technical report titled: "NI43-101 Technical Report on the Updated Mineral Resource Estimate for the Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation" dated effective January 9, 2020 (the "Sergeevskoe Report") to support the Inferred Mineral Resource of 30.42 million tons, grading 1.45 g/t gold and containing 1.417 Moz gold at a 0.5 g/t gold cut-off grade and US$1,450 per troy ounce of gold, optimized into an open pit constrained by the license boundaries at Sergeevskoe.

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.

Cautionary Statement:

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such information or statements may include, but are not limited to, statements with respect to the timing of, and the issuance of, a permit to conduct a bulk-test pilot mining program, the economics of the bulk-test pilot mining program, the mineralized material being amenable to being processed at the gold plant, the cash flow from the pilot mining operation being sufficient to fund a major exploration effort in the latter half of 2020. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

ENDS

————————————————————————————————————

For further information, please contact:

Sergei Stefanovich, Managing Director, Orsu Metals Corporation

Doris Meyer, Corporate Secretary, Orsu Metals Corporation

E: doris@gocs.ca

SOURCE: Orsu Metals Corporation

ReleaseID: 595092

SHAREHOLDER ALERT: CLNY CCL FSCT: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / June 24, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Colony Capital, Inc. (NYSE:CLNY)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/colony-capital-inc-loss-submission-form?prid=7534&wire=1
Lead Plaintiff Deadline: July 27, 2020
Class Period: August 9, 2019 – May 7, 2020

Allegations against CLNY include 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.

Carnival Corporation & Plc (NYSE:CCL)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/carnival-corporation-loss-submission-form?prid=7534&wire=1
Lead Plaintiff Deadline: July 27, 2020
Class Period: September 26, 2019 – May 1, 2020

Allegations against CCL include that: (1) the Company's medics were reporting increasing events of COVID-19 illness on the Company's ships; (2) Carnival was violating port of call regulations by concealing the amount and severity of COVID-19 infections on board its ships; (3) in responding to the outbreak of COVID-19, Carnival failed to follow the Company's own health and safety protocols developed in the wake of other communicable disease outbreaks; (4) by continuing to operate, Carnival ships were responsible for continuing to spread COVID-19 at various ports throughout the world; 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.

Forescout Technologies, Inc. (NASDAQ:FSCT)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/forescout-technologies-inc-loss-submission-form-2?prid=7534&wire=1
Lead Plaintiff Deadline: August 10, 2020
Class Period: February 6, 2020 – May 15, 2020

Allegations against FSCT include that: (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout's planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

ReleaseID: 595143

Bryan Nazor Explains the Homebuying Comeback, Despite Coronavirus Uncertainty

Bryan Nazor Explains Despite Coronavirus Uncertainty, Homebuying is Strong in Some Areas

CHESTNUT RIDGE, NY / ACCESSWIRE / June 24, 2020 / With everyone living "the new normal" you would expect home buying to be down. However, it's making a remarkable recovery. Bryan Nazor says mortgage applications were down 35% six weeks ago, but they are making a major comeback. They are now just 1.5% below the rate for last year.

Some types of mortgages are even increasing. Government mortgages are up 5%, including FHA and VA loans. As businesses begin to reopen, so is the housing market. Those who were considering buying a home before the shutdown are now finding themselves in a great position to do so Bryan Nazor explains.

Mortgage rates are unstable at the moment, due to the volatility of the market. Rates are low historically speaking, with average rates in the mid 3%, with slight ups and downs from week to week. The rate for a 30 year fixed rate mortgage was 3.56% on the 19th of April, and 3.55% on the 19th of May.

Lower rates have also led to many people choosing to refinance. While the Federal Reserve has cut rates twice since the beginning of the pandemic and initiated quantitative easing, other changes may make it more difficult to refinance.

While mortgage payments are being deferred for many during the pandemic, mortgage companies are reluctant to take on risk. Bryan Nazor states that riskier buyers may struggle to get a loan, including refinancing.

Mortgage credit availability has fallen 26% in the last few months due to stricter standards. JP Morgan and Chase is now requiring a credit score of 700 and a minimum down payment of 20%.

Bryan Nazor explains the March Stimulus bill had an impact as well. The bill allows those with government-backed mortgages to delay their mortgage payments for up to a year if they were adversely affected by the virus. The lenders will get reimbursed, but they will have to essentially front the money for these delayed payments to the bond investors. They are now trying to avoid mortgages where they think they will have to delay payments. They hope that stricter standards will exclude those who will need the forbearance made possible by the new law.

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Bryan Nazor

ReleaseID: 595139

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of GRPN, ENPH and CEMI

NEW YORK, NY / ACCESSWIRE / June 24, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly-traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Groupon, Inc. (NASDAQ:GRPN)

Investors Affected: November 4, 2019 – February 18, 2020

A class action has commenced on behalf of certain shareholders in Groupon, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing fewer customer engagements in its Goods category; (2) Groupon relied on its Goods category to drive its sales, especially during the holiday season; (3) as a result of the foregoing, the Company was likely to experience reduced sales; 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/groupon-inc-loss-submission-form/?id=7532&from=1

Enphase Energy, Inc. (NASDAQ:ENPH)

Investors Affected: February 26, 2019 – June 17, 2020

A class action has commenced on behalf of certain shareholders in Enphase Energy, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company's reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/enphase-energy-inc-loss-submission-form/?id=7532&from=1

Chembio Diagnostics, Inc. (NASDAQ:CEMI)

Investors Affected: March 12, 2020 – June 16, 2020

A class action has commenced on behalf of certain shareholders in Chembio Diagnostics, Inc. According to the filed complaint, defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated Chembio's stock price and operated as a fraud or deceit by misrepresenting the efficacy of the Company's Dual Path Platform ("DPP") COVID-19 test. Defendants allegedly achieved this by making false statements about Chembio's DPP COVID-19 test, although they knew or at least recklessly disregarded that there were material performance concerns with the test. When defendants' prior misrepresentations were disclosed and became apparent to the market, the price of Chembio stock fell precipitously as the prior artificial inflation came out of Chembio's stock price.

Shareholders may find more information at https://securitiesclasslaw.com/securities/chembio-diagnostics-inc-loss-submission-form/?id=7532&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

ReleaseID: 595138

Barbuto & Johansson, P.A. Reminds Investors of the Upcoming Deadline in the Enphase Energy, Inc. Securities Fraud Class Action

WELLINGTON, FL / ACCESSWIRE / June 24, 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 August 17, 2020 to file lead plaintiff applications in the securities class action lawsuit filed against Enphase Energy, Inc. (Nasdaq:ENPH). Shareholders with significant losses are encouraged to contact the Firm to discuss their options.

On June 17, 2020, Prescience Point Capital Management ("Prescience Point"), a private investment manager that focuses on investigations of public companies, published a negative research report on Enphase Energy, Inc. supporting its short position. According to Prescient Point, its research suggests that at least 39%, or $205 million, of US revenue reported by the company is potentially fabricated, as is a significant portion of the company's international revenue. Eiad Asbahi, Founder and Portfolio Manager of Prescient Point said, "The explosive growth that Enphase has reported to investors over the last two years is nothing but a sham which has lined the pockets of those at the top of the company… We believe the evidence presented in our report will result in multiple government investigations, a major accounting restatement, shareholder lawsuits and a delisting of ENPH shares from the NASDAQ." On this news, the Company's share price fell nearly 26%.

A lawsuit, Gregory A. Hurst v. Enphase Energy, Inc., et al., Case No.: 5:20-cv-04036, has now been filed in the U.S. District Court for the Northern District of California on behalf of shareholders who purchased the Company's common stock between February 26, 2019 and June 17, 2020, inclusive (the "Class Period").

The lawsuit alleges that Enphase and certain of its executives failed to disclose material information during the Class Period, violating federal securities laws. Specifically, the lawsuit alleges, in part, that the Defendants misrepresented and/or failed to disclose to investors that Enphase's revenues were inflated, that Enphase engaged in improper deferred revenue accounting practices, and the Company's reported base points expansion in gross margins were overstated.

If you purchased shares of Enphase 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 and 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 Firm

ReleaseID: 595133

School Administrator and Coach Alex Geordan Discusses the Academic and Social Benefits of High School Sports

CANFIELD, OH / ACCESSWIRE / June 24, 2020 / It's no secret that high school sports keep kids physically active. However, many high school students and their parents aren't aware of just how many benefits high school sports offer. The school superintendent and high school sports coach Alex Geordan recently discussed the academic and social benefits sports offer.

"We all know sports are good for the physical health of students," Alex Geordan said. "But if all parents understand the social and academic benefits sports provide, more of them would encourage their kids to play."

Alex Geordan stated that high school sports are continuously linked to higher grades. He added that those who participate in sports are significantly less likely to drop out of school. Alex Geordan, superintendent and coach, stated that students are 15 percent more likely to attend college if they participate in high school sports. All of the above are advantages he thinks most parents can get behind.

"In addition to achieving higher grades and having a greater chance of continuing education," Alex Geordan said. "Students who play sports develop a number of valuable life skills.

Alex Geordan described that kids who play sports in high school demonstrate more self-respect, leadership skills, and overall confidence. He added that students who play sports learn essential time management skills. Alex Geordan stated that these students learn to juggle the demands of homework, practices, and games. They learn to prioritize certain parts of life over others, and learn the benefits of working hard toward a goal.

Alex Geordan also cited a survey of more than 14,000 teenage students, which stated that those who played team sports were less likely to smoke cigarettes, carry weapons, and use drugs. Therefor, parents who encourage their kids to play sports are encouraging them to live an overall healthier lifestyle. For parents, this also means there's a better chance they won't have to worry about the negative consequences that come with kids using drugs, carrying weapons, and beginning other unhealthy habits.

"Studies have shown that students who play sports are able to build stronger relationships with their peers," Alex Geordan said. "They learn to encourage others and work alongside them to achieve a common goal."

Alex Geordan explained that while forming these relationships in high school is important, this is a skill that becomes increasingly useful as students become older. They enter the workforce more capable of working with others and accomplishing tasks as a team. They have a stronger understanding that, at times, individuals need to sacrifice personal achievements for the success of the team.

"The list of benefits of playing high school sports can go on forever," Alex Geordan said. "We hope more and more parents will talk to their kids about playing and encourage them to get out there and give it a shot."

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Alex Geordan

ReleaseID: 595091

ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Coty Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Coty Inc. ("Coty" or "the Company") (NYSE:COTY) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Forbes reported on May 29, 2020, that Kylie Jenner had provided misleading financial data to the magazine regarding her cosmetics brand. Coty had acquired a majority stake in Jenner's cosmetics brand earlier in 2020. Based on this news, shares of Coty dropped by 13% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 595134

SHAREHOLDER RIGHTS INVESTIGATION: Halper Sadeh LLP Continues to Investigate Whether the Following Mergers are Fair to Shareholders; Investors are Encouraged to Contact the Firm – FNJN, BITA, WUBA

NEW YORK, NY / ACCESSWIRE / June 24, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders:

Finjan Holdings, Inc. (NASDAQ:FNJN)

The investigation concerns whether Finjan and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of Finjan to affiliates of Fortress Investment Group LLC for $1.55 per share in cash. If you are a Finjan shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/finjan-holdings-inc-fnjn-fortress-stock-merger/.

Bitauto Holdings Limited (NYSE:BITA)

The investigation concerns whether Bitauto and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of Bitauto to a consortium led by Morespark Limited, an affiliate of Tencent Holdings Limited and Hammer Capital Opportunities Fund L.P. for $16.00 per share in cash. If you are a Bitauto shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/bitauto-holdings-limited-bita-stock-merger/.

58.com Inc. (NYSE:WUBA)

The investigation concerns whether 58.com and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of 58.com to a consortium of investors including Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd. and Ocean Link Partners Limited (including their respective affiliated investment entities), Jinbo Yao, the Chairman and Chief Executive Officer of 58.com, and Internet Opportunity Fund LP. If you are a 58.com shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/58-com-inc-wuba-stock-merger-warburg-pincus/.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

SOURCE: Halper Sadeh LLP

ReleaseID: 595130

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Hallmark Financial Services (HALL) Investors to July 7 Application Deadline in Class Action, Encourages Investors with Losses to Contact the Firm

SAN FRANCISCO, CA / ACCESSWIRE / June 24, 2020 / Hagens Berman urges investors in Hallmark Financial Services, Inc. (NASDAQ:HALL) who have suffered significant losses to submit their losses now. The July 7, 2020 lead plaintiff deadline in a securities fraud class action against Hallmark is fast approaching.

Class Period: Mar. 5, 2019 – Mar. 17, 2020

Lead Plaintiff Deadline: July 7, 2020

Visit: www.hbsslaw.com/investor-fraud/HALL

Contact An Attorney Now: HALL@hbsslaw.com

844-916-0895

Hallmark Financial Services (HALL) Securities Class Action:

The complaint alleges that throughout the Class Period, Defendants misrepresented and concealed: (1) that the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; and (2) that the Company improperly accounted for reserves for unpaid losses and loss-adjustment expenses related to its Binding Primary Commercial Auto business.

Investors began to learn the truth, according to the complaint, through a series of disclosures beginning on Mar. 2, 2020, when Hallmark announced it was exiting the Binding Primary Commercial Auto business and reported a $63.8 million loss development for prior underwriting years.

Then, on Mar. 11, 2020, Hallmark announced it had dismissed its independent auditor BDO over a "disagreement" concerning the Company's estimated reserves for unpaid losses and loss adjustment expenses throughout 2019.

Finally, on Mar. 17, 2020, Hallmark disclosed a letter from BDO to the SEC revealing that BDO had expanded significantly the scope of its audit on Jan. 31, 2020, with respect to the matters of disagreement, and that "a substantial portion the requests had not been received and/or tested prior to our termination."

These disclosures caused Hallmark shares to decline over 75% lower between Mar. 2 and Mar. 18, 2020.

"We're focused on proving Defendants intentionally misled investors about the Company's internal controls and the sufficiency of its loss reserves," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Hallmark and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Hallmark should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email HALL@hbsslaw.com.

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

CONTACT:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 595088