Monthly Archives: September 2020

Arizona State University/Halberd Corp. Covid-19 R&D Program Rapid Diagnostic Test/Treatment

JACKSON CENTER, PA / ACCESSWIRE / September 24, 2020 / Halberd Corporation (OTC PINK:HALB) clarifies next steps in their unique research with Arizona State University. Halberd directed their research program to focus on that element of Covid-19 which makes the disease most contagious – the spike antigen. ASU investigators have projected the production of the coronavirus spike antigen within the next two weeks.

The next steps for the ASU/Halberd program involve identification of an antibody conjugate which will fluoresce in the presence of the spike antigen to facilitate removal of the disease element via Halberd's patented extracorporeal treatments. Feasibility samples of the spike antigen antibody conjugate are expected to be available within four weeks.

Availability of the antibody conjugate will allow for the development of a molecule, to be patented, which can be used in a diagnostic capacity – in a rapid-results test for the coronavirus – and possibly in an extracorporeal treatment regimen.

William A. Hartman, Halberd Corporation Chairman, President & CEO, stated, "With the successful creation of a fluorescent antibody, we hope to be able to create a rapid Covid-19 test using saliva or a drop of blood. We believe our approach will allow for accurate test results in a matter of minutes, and could be administered with minimal inconvenience/discomfort to those tested. Additionally, this approach could lead to a therapeutic application for coronavirus positive patients."

Dr. Reyes added, "Facilitating this ease of identification has profound ramifications for both diagnostic purposes as well as therapeutic use including facilitated eradication of targeted antigens."

Doctors Abdon Nanhay and Edson Brito further added "Our facilities in South America will be ideally suited for testing purposes. These initial tests could be the precursor to the commencement of FDA certification."

The details of the Halberd-ASU research contract can be viewed here.

For more information, please contact:
William A. Hartman
w.hartman@halberdcorporation.com
support@halberdcorporation.com
www.halberdcorporation.com
P. O. Box 25
Jackson Center, PA 16133
Twitter:@HalberdC

About Arizona State University.
Arizona State University is a public research university with 5 campuses in and around Phoenix, with four regional centers throughout Arizona. It is one of the largest public universities, based on enrollment, and one of the fastest growing research universities in the United States. The school boasts over 400 National Academies-honored faculty, and 77 elite programs.

About Halberd Corporation.
Halberd Corporation. (OTC PINK:HALB), is a publicly traded company on the OTC Market, and is in full compliance with OTC Market reporting requirements. Halberd's Articles of Incorporation prohibit the company from issuance of convertible debt which would result in dilution. See the company's Articles of Incorporation here. The number of outstanding shares remains at 317,721,539.

The company holds the exclusive rights to the COVID-19 extracorporeal treatment technology provisional patent applications: "Method for Treating and Curing Covid-19 Infection;" "Method for Treating COVID-19 Inflammatory Cytokine Storm for the Reduction of Morbidity and Mortality in COVID-19 Patients;" and "Method for Treating and Curing COVID-19 Infection by Utilizing a Laser to Eradicate the Virus." Halberd also holds the exclusive rights to the underlying granted U.S. Patent 9,216,386 and U.S. Patent 8,758,287.

Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). The Companies caution that statements, and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates made by management. Actual results could differ materially from current projections or implied results. The Companies undertake no obligation to revise these statements following the date of this news release.

Investor caution/added risk for investors in companies claiming involvement in COVID-19 initiatives –
On April 8, 2020, SEC Chairman Jay Clayton and William Hinman, the Director of the Division of Corporation Finance, issued a joint public statement on the importance of disclosure during the COVID-19 crisis.

The SEC and Self-Regulatory Organizations are targeting public companies that claim to have products, treatment or other strategies with regard to COVID-19.

The ultimate impact of the COVID-19 pandemic on the Company's operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak. Additionally, new information may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time.

We further caution investors that our primary focus and goal is to battle this pandemic for the good of the world. As such, it is possible that we may find it necessary to make disclosures which are consistent with that goal, but which may be adverse to the pecuniary interests of the Company and of its shareholders.

SOURCE: Halberd Corporation

ReleaseID: 607568

Barksdale Finalizes Option Agreement for San Javier

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / September 24, 2020 / Barksdale Resources Corp. ("Barksdale" or the "Company") (TSXV:BRO)(OTCQB:BRKCF) announces it has signed a definitive option agreement ("Definitive Agreement") with Tusk Exploration Ltd that formalizes the terms agreed to in the binding letter agreement dated August 5, 2020, to acquire the San Javier del Cobre project in Sonora, Mexico ("Transaction") as previously announced on August 6 and September 16, 2020.

With the execution of the Definitive Agreement, the Company anticipates closing the private placement financing announced on August 6 and upsized on September 1 ("Offering"), as well as the Transaction, on or about September 29, 2020. The Offering and Transaction remain subject to customary closing conditions and acceptance of the TSX Venture Exchange.

Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America.

ON BEHALF OF BARKSDALE RESOURCES CORP

Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com

Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com

For more information please phone 778-558-7145, email info@barksdaleresources.com or visit www.BarksdaleResources.com.

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes "forward-looking information" under applicable Canadian securities legislation including, but not limited to, the anticipated closing date for the Offering and San Javier Transaction. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company 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. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. There are no assurances that the Company will successfully complete the acquisition of San Javier or the Offering on the terms contemplated or at all. In addition, there is uncertainty about the spread of COVID-19 and the impact it will have on the Company's operations, supply chains, ability to access mineral properties including San Javier, procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

SOURCE: Barksdale Resources Corp.

ReleaseID: 607574

Cannabis Global Signs with Baja United for Nationwide Distribution

LOS ANGELES, CA / ACCESSWIRE / September 24, 2020 / Cannabis Global, Inc. (OTC PINK:CBGL) ("Cannabis Global" or the "Company"), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, is pleased to announce that the Company has entered into a three-year distribution agreement with Baja United Group ("Baja United") for nationwide distribution of Hemp You Can Feel™ branded products, including the Company's new Hemp You Can Feel™ hemp-based alcohol substitute cocktail mixers.

Under the terms of the agreement, Baja United will stock and distribute the Company's products and represent the brand to retailers, wholesalers, entertainment venues, and online portals.

"Baja United was a natural choice for us," commented Arman Tabatabaei, CEO of Cannabis Global. "They have done considerable testing on our Hemp You Can Feel™ products and share our enthusiasm that our new hemp-based alcohol substitute mixers hold the potential to create a new category within the beverage sector."

While Baja United will focus primarily on beverages, it will hold rights to distribute all of the Company's products during the three-year term of the contract. The Company has also agreed to provide samples to Baja United for initial distribution to its wholesaler and retailer customers.

Jim Riley, founder of Baja United, commented, "We are very impressed with the Hemp You Can Feel alcohol substitute technology and see it as a unique and highly marketable beverage and food technology. At Baja United, we believe there is a vacuum in the marketplace for great tasting and all-natural labeled alternatives to alcohol-based beverages. And we welcome Hemp You Can Feel™ branded products to the Baja United Family."

Mr. Riley previously held the position of CEO at Intersect Beverage, where he led all distillery operations, distribution partnerships, public relations, sponsorships, and marketing programs. Prior to that, he spent eight years at Ketel One Vodka as Vice President of Public Relations and Events, where he built a strong network through close work with top regional managers and directors.

About Cannabis Global, Inc.
Cannabis Global, Inc., formerly known as MCTC Holdings, Inc., is a fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading with the stock symbol CBGL. The Company is an emerging force in cannabinoid sciences and highly bioavailable hemp and cannabis infusion technologies. The Company has an actively growing portfolio of cannabis investments and intellectual property, having filed six provisional patents relative to the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The Company markets its consumer products under the Hemp You Can Feel™ brand name. Cannabis Global launched its Project Varin early in 2020, to develop new delivery methods for rare cannabinoid Tetrahydrocannabivarin (THV-C) and develop products based on this and other rare cannabinoids.

About Baja United Group
Baja United Imports is a trusted resource for the purchase of high-quality wines from the Valle de Guadalupe region of Mexico under the brand: Baja United Select Family of Wines. We offer an assortment of wine varietals and handcrafted Baja beers that target 21- to 35-year-old millennial demographic. Baja United sells the select wines to distributors for both on-premise and off-premise retail distribution, direct to consumer (DTC) online sales and personal sales operations nationwide. Baja United continues to seek alternative products for the expansion of its portfolio. Baja United recently launched its own brand of Craft Beer named, Baja Unidos Cerveza. Due to the changing environment of customer behaviors', Baja United is currently seeking items to distribute that can target DTC online sales.

Forward-Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

For more information, please contact:
Arman Tabatabaei
IR@cannabisglobalinc.com
+1-(310)-986-4929

Public Relations:
Tiger Global Marketing & Branding Agency
info@TigerGMP.com
www.TigerGMP.com

Related Links
https://hempyoucanfeel.com

SOURCE: Cannabis Global, Inc.

ReleaseID: 607535

MediaCentral Enters into Affiliate Partnership with Spreads Canada’s Premier Online Sports and Casino Gaming Organization

Company taps into growing online betting and gaming industry with latest affiliate marketing partnership as it continues to identify and source new digital streams of revenue

New partnership with Spreads expands MediaCentral's successful affiliate marketing program
Existing affiliate program continues to drive new digital revenue and is accelerating at a rate of 18 per cent month-over-month
Partnership with Spreads leverages ECentralSports and capitalizes on Canada's growing online gaming market, estimated at $31 billion in gross revenue annually1
Affiliate marketing continues to exponentially grow with the industry estimated at $12 billion dollars globally in 20172

TORONTO, ON / ACCESSWIRE / September 24, 2020 / Media Central Corporation Inc. (CSE:FLYY)(FSE:3AT) ("MediaCentral" or the "Company") today announced that it has entered into an affiliate partnership with Canada's premier online sports betting and casino gambling site Spreads. The partnership will be featured on the digital platforms of MediaCentral's flagship publications NOW Magazine ("NOW") and the Georgia Straight ("Straight) and the Company's specialised esports and egaming site ECentralSports.com (Ecentral"). Each platform will produce engaging sponsored content that will drive affiliate sales to Spread's website via in-text links, banner ads and emails.

In 2019, it was reported that the Canadian online gaming industry generated an estimated $31 billion in gross revenue per year (Casinoreports.ca) 1. With COVID-19 changing consumer behaviours and driving consumers to source online entertainment, more Canadians are engaging with online gambling. Retail Insider reported in May 2020 that land-based casinos are losing their customers to the online market, mainly due to the convenience of the online platforms3. MediaCentral noticed the trend in the online gaming and betting market and recognized the opportunity to connect its readers to Spreads.

This latest affiliate marketing partnership will support MediaCentral's strategy of digitally monetizing its existing platforms to create sustainable, profitable media brands. According to Hostingtribunal.com, the affiliate marketing sector was worth $12 billion dollars globally in 2017 and is one of the largest sources of online ecommerce income2. MediaCentral acknowledges the potential of affiliate marketing and has been curating a selection of well thought out partnerships that aligns with the interests of their vast 6.5 million audience. Announced earlier this year, MediaCentral has engaged in affiliate agreements with Tia Health, iMD Health, and Wineonline.ca. As a result, the Company has experienced continued 18 per cent month-over-month growth of affiliate generated revenue, with the partnerships presenting the unique opportunity to accrue increased passive income over time.

"Affiliate marketing continues to fast track in 2020 and we are capitalizing on these opportunities while ensuring that quality, informing and entertaining content is maintained for our audience," said Brian Kalish, CEO of MediaCentral. "From day one our strategy has been to digitize and monetize our traditional and established legacy publications to ensure their continued future. Affiliate marketing is one tactic we are employing that allows us to drive revenue while striking the delicate balance between not only guaranteeing the publications stay true to their ethos and report on what their loyal readers have grown to love, but also ensuring the brands are profitable."

MediaCentral and its subsidiaries remain committed to providing its engaged audience of 6.5 million with up to the minute reporting on local news, arts, entertainment, and cultural coverage from an editorial perspective. MediaCentral carefully selects its partners ensuring principles align and that its readers will gain value from the promotion. All sponsored content is marked as such and upholds to the highest level of journalistic integrity.

Sources:

1. Casinoreports.ca
2. Hostingtribunal.com
3. Retail-Insider.com

About Media Central Corporation Inc.

Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT) is an alternative media company situated to acquire and develop high-quality publishing assets starting with the recent acquisition of Vancouver Free Press Corp., the purchase of NOW Communications Inc. and the launch of digital cannabis platform CannCentral.com and ESports outlet ECentralSports.com. MediaCentral is consolidating and digitally monetizing the over 100 million coveted and premium consumers of the approximately 100 alternative urban publications across North America, creating the most powerful audience of influencers.

www.mediacentralcorp.com
Instagram: @mediacentralcorp
Twitter: @mediacentralc
Facebook: Media Central Corp.

About ECentralSports

ECentralSports is a dynamic digital destination for eSports fans in search of the latest in news, competitive gaming coverage, analysis, events, lifestyle features and gaming culture. With a strong focus on covering cultural, artistic, and social subjects from deep within the esports world, ECentral provides the ultimate insider guide to the industry. ECentralSports is a wholly owned subsidiary of Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT).

https://ecentralsports.com/
Instagram: @ecentralsports
Twitter: @ecentralsports
Facebook: @ecentralsports

About Vancouver Free Press Corp.,

Vancouver Free Press Corp., owns and operates Georgia Straight and straight.com. Established in 1967 as the news, lifestyle, and entertainment weekly in Vancouver, the Georgia Straight has been an integral part of the active urban West Coast lifestyle for over 50 years. Reaching over 56 million annual readers, every Thursday in print, and every day at straight.com, Georgia Straight delivers an award-winning editorial package of features, articles, and reviews. Regular coverage includes news, tech, arts, music, fashion, travel, health, cannabis, and food, plus Vancouver's most comprehensive listings of entertainment activities and special events. Vancouver Free Press Corp. is a wholly owned subsidiary of Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT).

www.straight.com
Instagram: @georgiastraight
Twitter: @georgiastraight
Facebook: @georgiastraight

About NOW Central Communications Inc.

NOW Central owns and operates NOW Magazine and nowtoronto.com. Since 1981 NOW has been Toronto's news and entertainment voice, published in print every Thursday, and daily at nowtoronto.com. Reaching over 25 million annual readers, NOW has been a leading publication, defining and pioneering the independent and alternative voice for more than 38 years. NOW Central Communications Inc. is a wholly owned subsidiary of Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT).

www.nowtoronto.com
Instagram: @nowtoronto
Twitter: @nowtoronto
Facebook: facebook.com/nowmagazine

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release may include, but are not limited to, statements with respect to internal expectations, expectations with respect to estimated margins, cost structures, and cost structures in the media industry. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the media industry generally, income tax and regulatory matters; the ability of MediaCentral to implement its business strategies; competition; currency and interest rate fluctuations and other risks.

Readers are cautioned that the foregoing list is not exhaustive and should carefully review the various risks and uncertainties identified in the Company's filings on SEDAR. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

For further information:

Investor Relations:
Investors@mediacentralcorp.com

Media:
Faulhaber Communications, Lexi Pathak, media@mediacentralcorp.com

www.mediacentralcorp.com

SOURCE: Media Central Corporation Inc.

ReleaseID: 607504

Scandium International Files Patent Application for Use of Scandium in Lithium-Ion Batteries

RENO, NV / ACCESSWIRE / September 24, 2020 / Scandium International Mining Corp. (TSX:SCY) ("Scandium International" or the "Company") has filed a provisional patent application with the US Patent Office seeking patent rights on various applications of scandium in lithium ion batteries. The patent application covers a number of scandium enhancements, including doping potential for both anodes and cathodes, and for solid electrolytes.

HIGHLIGHTS:

US Patent Application filed for use of scandium in lithium ion battery applications.
Scandium doping applications are explained for anodes, cathodes and electrolytes.
Scandium offers conductivity advantages as a dopant, over other options, and
Scandium in other aluminum components offers numerous property improvements, including conductivity, strength and corrosion resistance.

DISCUSSION:

Rechargeable lithium ion batteries (LIBs) are a staple of everyday life. The search for improved performance through design and materials advances is intense today. Considerable effort is being expended in developing next-generation materials for LIBs that will make batteries safer, lighter, more durable, faster to charge, more powerful, and more cost-effective. A sampling of some of the more public efforts are as follows:

Minimizing or removing cobalt from cathode materials, based on cost, supply and geographic sourcing issues.
Improving the durability of liquid electrolytes with dopants, or substitution with safer and higher performing liquid or solid electrolyte systems.
Designing for higher voltage potential by utilizing different anode or cathode materials.
Determining combinations of metals that can better withstand harsh internal conditions.

Scandium, along with other specialty metals, has a clear role to play in each of these areas.

One particularly promising area for scandium contributions is in a lithium nickel manganese oxide (LNMO) battery. The cathode in this design substitutes manganese for cobalt, and supports a higher nickel content as well. The substitution then delivers higher working potentials (voltage), higher energy densities, and faster charge/discharge rates, all of which offer the promise of improved battery performance.

Delivering on that promise requires a number of improvements, including employing a dopant for stabilization of the manganese in the LNMO cathode, potential stabilization of lithium titanate (LTO) anode materials as well, and use of dopants to improve the conductivity of both these anode and cathode materials. Conventional liquid electrolytes may see improved function and longevity with the improved cathode and anode conductivity. Scandium represents a suitable and effective dopant in each of these applications.

Solid electrolytes represent another potential break-through improvement in LIBs. They will handle higher voltages, higher temperatures, greater power densities, are potentially easier to package, and are considered safer in use. Scandium represents a suitable and effective dopant in these applications, analogous to the use of scandium to stabilize solid zirconia electrolytes in Solid Oxide Fuel Cells.

Lithium ion batteries employ aluminum in a number of areas, specifically in cathode structure, current connectors, and in general battery structure. Aluminum-scandium alloys represent an enhanced aluminum alloy option, based on their combination of conductivity and strength.

The intent of this SCY patent filing is to advise the battery industry that scandium is a prospective dopant choice for enhanced performance of LIBs, both under existing design parameters and in particular for next-gen LNMO batteries. We want to ensure that battery research and design groups consider scandium additions, amongst their various materials choices, as they race to build a better lithium ion battery.

The Company's operating intent remains focused on producing a scandium product, and advises that it considers the lithium ion battery markets to be a viable application for use.

George Putnam, CEO of Scandium International Mining Corp. commented:

"The quest to improve LIB battery performance is a global research priority today. Doping-element solutions are one primary focus of this research, seeking to realize the best results from various multi-metal combinations. We believe scandium offers real potential for contribution in this area, with an ability to bring improvement to both new and existing battery configurations. Scandium can deliver improvements either by acting as a stabilizing agent with other elements, or delivering strength to aluminum components, while in both cases maintaining or improving conductivity."

ABOUT SCANDIUM INTERNATIONAL MINING CORP.

The Company is focused on developing its Nyngan Scandium Project, located in NSW, Australia, into the world's first scandium-only producing mine. The Company filed a NI 43-101 technical report in May 2016, titled "Feasibility Study – Nyngan Scandium Project". The project has received all key approvals, including a development consent and a mining lease, necessary to proceed with project construction.

The company is also currently soliciting copper industry interest in using ion-exchange technology to extract unrecovered critical metals from existing mine process streams. This program represents a fast-track concept to make battery-grade nickel and cobalt products, scandium master-alloy product, and other critical metals, from North American sources.

Willem Duyvesteyn, MSc, AIME, CIM, a Director and CTO of the Company, is a qualified person for the purposes of NI 43-101 and has reviewed and approved the technical content of this press release on behalf of the Company.

For inquiries to Scandium International Mining Corp, please contact:

Edward Dickinson (CFO)
Tel: (775) 233-7328

George Putnam (CEO)
Tel: (925) 208-1775

Email: info@scandiummining.com

This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to statements regarding any future development of the project. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation: risks related to uncertainty in the demand for scandium, the possibility that results of test work will not fulfill expectations, or not realize the perceived market utilization and potential of scandium sources that may be developed for sale by the Company. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

SOURCE: Scandium International Mining Corp

ReleaseID: 607512

OPTEC International, Inc. (OPTI) Secures $5,000,000 + Financing for Expansion of UV-C Sterilization Products to Help Safely Re-Open Economy Amidst Increased Pandemic Case Reports

CARLSBAD, CA / ACCESSWIRE / September 24, 2020 / OPTEC International, Inc (OTC PINK:OPTI) today announced that it has secured a $5,000,000+ funding approval with California based RB Capital Partners, Inc. ("RB Capital"). RB Capital has agreed to provide funding to the Company in the form of premium to market 12 month promissory notes. The minimum amount of funding that RB Capital has agreed to provide to the Company under these terms is $5,000,000 payable during the next three to six months period.

The proceeds will be used for further development, increased production, and distribution of a suite of UV-C sanitization products that the Company can't keep on the shelves due to increased demands. Currently, a prominent San Diego school district has deployed the touchless temperature scanners in addition to the Rover room sanitizers, and the Company is in talks with other local school districts to help safely re-open in person tuition. The company is also in discussion with a popular non-profit fitness organization to help safely re-open indoor activities.

Optec International CEO stated, "The application and potential implementation of the company's UV-C sanitization and pre-emptive "Safe-Scan" touchless temperature scanning products are endless. We are very excited to offer this effective combination of non-toxic sterilization and temperature scanning technology to the world and are pleased to have engaged with a long-term funding partner who clearly understands the vision of the Company."

About OPTEC International, Inc.

With Locations in Carlsbad and Vista, California, OPTEC International is a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products. The company's Safe-Scan product line is being launched at a time when HR directors and facilities managers are experiencing extreme concern with respect to keeping environments safe during the global pandemic crisis and the safe reopening of the U.S. economy. For more information visit: www.optecuvc.com

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Opti, OPTEC or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. OPTEC International Inc.

OPTEC International, Inc.

Contact: info@optecintl.com
Product Call Center: 877-955-8787
Investor Relations: 442-222-0550

SOURCE: Optec International, Inc.

ReleaseID: 607536

Global Hemp Group Welcomes Prof. Victor Castaño, PH.D. As A Key Scientific Advisor and Head of The Company’s Newly Created R&D Division

VANCOUVER, BC / ACCESSWIRE / September 24, 2020 / GLOBAL HEMP GROUP INC. ("GHG" or the "Company") (CSE:GHG / OTC PINK:GBHPF / FRANKFURT:GHG) is pleased to announce that Prof. Victor Castaño, Ph.D. has joined the Company's Advisory Board and has been appointed as the Head of Global Hemp's newly created Research and Development Division.

Prof. Víctor M. Castaño, Ph.D. is a recognized international leader in several areas of applied science and technology. He has lectured across multiple disciplinary schools in Mexico and was the founding Director of the Center for Applied Physics and Advanced Technology at the National Autonomous University of Mexico (UNAM) in Juriquilla, Querétaro, Mexico. He has published extensively, including 5 books and 25 patents and has received over 14,500 citations in the last few years. He is one of the most cited Latin-American scientists in his area. He is an engineer and scientist who dares to cross disciplinary boundaries. For additional information on Prof. Castaño, please visit Global Hemp's website (https://www.globalhempgroup.com/leadership-team).

Prof. Castaño is best known for his work in materials science and biomedicine, where he invented a very extensive line of new materials and technologies for various applications.

As an Advisor to Global Hemp, Prof. Castaño will head up the Company's Research and Development Division. There are three immediate areas of interest that Prof. Castaño and his team will actively be focused on to develop Intellectual Property that can be patented and implemented in the hemp and/or building industry, and in particular at Company's newly announced Colorado Hemp Agro-Industrial Zone. (see news release of September 16, 2020).

GLOBAL HEMP'S R&D DIVISION WILL INITIALLY FOCUS ON THE FOLLOWING :

Environmentally-Friendly Construction Materials – Prof. Castaño and his team has over 30 years of experience in the development of novel construction materials from natural sources, particularly agricultural waste and/or byproducts, including many fiber-containing plants. The development underway aims to produce materials that could efficiently replace Medium Density Fibreboard (made from wood) with improved mechanical, thermal and environmental characteristics. In particular, the heat and cold insulation, for extreme weather conditions, are competitive advantages in terms of cost/benefit relationship.

Nanofertilizers – Nanofertilizers are emerging as a promising alternative to chemical fertilizers in agriculture. Fertilizers are normally made from potash or from ammonia, which are important petrochemical products. However, the use of these chemicals has environmental consequences that are being discussed by the experts. The use of nanotechnology, including graphene and metal oxide nanoparticles, in which the team has over 30 years of experience, opens up a ground breaking areas of R&D, in which the nanostructures allow an increase of up to 20% in plant yield, while diminishing, by orders of magnitude the use of traditional chemicals, having a positive impact on the environment and the cost of farming.

Enhanced Extraction from Hemp – One of the main properties of hemp is its content of cannabinoids. Normally the extraction is carried out by either solvent or CO2. Prof. Castaño and his team have experience in extraction of essential oils of various plants by using enzymes and microfauna, which represent a truly innovative and green approach to this industry.

Curt Huber, President of Global Hemp stated, "Prof. Castaño and his team bring an amazing wealth of experience in different disciplines to Global Hemp's R&D Division. I am confident that they will not only develop technology that we will be able to utilize at our projects but will also be able to market to the industry. We look forward to working with Prof. Castaño and his team".

Like us on Facebook: https://www.facebook.com/globalhempgrp

Follow us on Instagram: https://www.instagram.com/hemp_global/

Follow us on Twitter: https://twitter.com/Hemp_Global

About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG), is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry the United States. The Company is headquartered in Vancouver, British Columbia, with hemp cultivation operations in the state of Oregon. The first phase of this strategy is to develop hemp cultivation for extraction of cannabinoids and the smokable CBG flower market with the objective of creating a near term revenue stream. The second phase of the strategy focuses on the development of value-added industrial hemp products utilizing the processing of the entirety of the hemp plant, as envisioned in the recently announced Colorado Hemp Agro-Industrial Zone (HAIZ) project.

For Further Information Contact Global Hemp Group
Tel: 424-354-2998
info@globalhempgroup.com
https://globalhempgroup.com

Cautionary Note Regarding Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk, the legality of cannabis and hemp. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Except as required by law, Global Hemp Group Inc. disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: GLOBAL HEMP GROUP INC.

ReleaseID: 607627

Dynatronics Reports Fourth Quarter and Fiscal Year End 2020 Results

EAGAN, MN / ACCESSWIRE / September 24, 2020 / Dynatronics Corporation (NASDAQ:DYNT), a leading manufacturer of athletic training, physical therapy, and rehabilitation products, today announced financial results for its fourth quarter and fiscal year ended June 30, 2020.

"Our fourth quarter and year ending results were negatively impacted by COVID-19, but our team continues to improve operational effectiveness in an effort to leverage our expense structure and manage working capital," stated John Krier, CEO of Dynatronics Corporation. "Despite a revenue decrease for fiscal year 2020, we are taking decisive actions to prepare the Company for future growth opportunities."

Fiscal 2020 Fourth Quarter Financial Results

Net sales for the quarter ended June 30, 2020 were $8.1 million, a decrease of $7.4 million, or 47.7%, compared to $15.5 million in the same period of the prior year. Gross profit for the quarter decreased $3.1 million, or 68.9%, to $1.4 million. The decrease in net sales and gross profit were primarily attributable to stay-at-home policies and government restrictions in response to the COVID-19 pandemic. Gross margin for the quarter was 17.4% compared to 29.3% in the same period of the prior year.

Net loss for the quarter ended June 30, 2020 was approximately $2.3 million, compared to a net loss of $232,000 for the same quarter of the prior fiscal year. Depreciation, amortization, and other non-cash expenses were $1.0 million and the Company generated positive cash flow from operating activities of $541,000 in the fourth quarter of fiscal 2020.

Fiscal Year 2020 Financial Results

Net sales for the year were $53.4 million, a decrease of $9.2 million, or 14.6%, compared to $62.6 million in the same period of the prior year. Gross profit for the year decreased $4.1 million, or 21.3%, to $15.1 million. The decrease in net sales and gross profit were primarily attributable to stay-at-home policies and government restrictions in response to the COVID-19 pandemic, as well as the continued decline in physical therapy and rehabilitation product sales. Gross margin for the year was 28.3% compared to 30.6% in the same period of the prior year. The decrease in gross margin percentage was primarily due to lower sales.

Net loss for the year ended June 30, 2020 was approximately $3.4 million, compared to a net loss of $921,000 for the year ended June 30, 2019. Depreciation, amortization, and other non-cash expenses were $2.5 million and the Company generated positive cash flow from operating activities of $3.1 million for the year.

Fiscal Year 2021 Financial Outlook

We have experienced continued positive revenue momentum in fiscal year 2021. July and August 2020 net sales are approximately 60-70% compared to the same period in fiscal year 2020.

The Company will not be providing financial guidance for the fiscal year 2021.

Conference Call

Dynatronics has scheduled a conference call for investors on September 24, 2020, at 8:30 AM ET. Those wishing to participate should call (844) 369-8770 (U.S./Canada callers) or (862) 298-0840 (international callers). A replay will be available through October 1, 2020, by dialing (877) 481-4010, Pin 36825.

About Dynatronics Corporation

Dynatronics Corporation is a leading medical device Company committed to providing high-quality restorative products designed to accelerate achieving optimal health. The Company designs, manufactures, and sells a broad range of products for clinical use in physical therapy, rehabilitation, pain management, and athletic training. Through its distribution channels, Dynatronics markets and sells to orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine practitioners, clinics, hospitals, and consumers. The Company's products are marketed under a portfolio of high-quality, well-known industry brands including Bird & Cronin®, Solaris™, Hausmann™, Physician's Choice®, and PROTEAM™, among others. More information is available at www.dynatronics.com.

Safe Harbor Notification

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Those statements include references to the Company's expectations and similar statements. Such forward-looking statements reflect the views of management at the time such statements are made. These statements include references to our financial guidance, expected revenues, gross profit, and selling, general, and administrative expenses. These forward-looking statements are subject to a number of risks, uncertainties, estimates, and assumptions that may cause actual results to differ materially from current expectations including uncertainties involving the impact of the COVID-19 pandemic. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the Company's most recent filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2020, which was filed on September 24, 2020. Dynatronics does not undertake to update its forward-looking statements, whether as a result of new information, future events, or otherwise.

Summary Financial Results

The following is a summary of operating results for the quarters and years ended June 30, 2020 and 2019, and balance sheet highlights as of June 30, 2020 and 2019.

Summary Selected Financial Data
Statements of Operation Highlights
In thousands, except share and per share amounts

 

 
Quarter Ended
 
 
Year Ended
 

 

 
June 30,
 
 
June 30,
 

 

 
2020
 
 
2019
 
 
2020
 
 
2019
 

 

 
 
 
 
 
 
 
 
 
 
 
 

Net sales

 
$
8,116
 
 
$
15,508
 
 
$
53,409
 
 
$
62,565
 

Cost of sales

 
 
6,702
 
 
 
10,966
 
 
 
38,311
 
 
 
43,391
 

Gross profit

 
 
1,414
 
 
 
4,542
 
 
 
15,098
 
 
 
19,174
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Selling, general, and admin. expenses

 
 
3,641
 
 
 
4,883
 
 
 
18,091
 
 
 
19,970
 

Other (expense) income, net

 
 
(78
)
 
 
(123
)
 
 
(442
)
 
 
(120
)

Income tax benefit (provision)

 
 
10
 
 
 
232
 
 
 
10
 
 
 
(5
)

Net loss

 
 
(2,295
)
 
 
(232
)
 
 
(3,425
)
 
 
(921
)

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Deemed dividend on convertible preferred stock and accretion of discount

 
 

 
 
 

 
 
 
(174
)
 
 

 

Convertible preferred stock dividend, in common stock

 
 
(180
)
 
 
(209
)
 
 
(718
)
 
 
(795
)

Net loss attributable to common stockholders

 
$
(2,475
)
 
$
(441
)
 
$
(4,317
)
 
$
(1,716
)

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Net loss attributable to common stockholders per common share – basic and diluted

 
$
(0.18
)
 
$
(0.05
)
 
$
(0.42
)
 
$
(0.21
)

Weighted-average common shares outstanding – basic and diluted

 
 
13,461,148
 
 
 
8,509,207
 
 
 
10,262,769
 
 
 
8,246,188
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Balance Sheet Highlights
in thousands

 

 
June 30, 2020
 
 
June 30, 2019
 

Cash, cash equivalents, and restricted cash

 
$
2,316
 
 
$
256
 

Trade accounts receivable, net

 
 
4,894
 
 
 
7,495
 

Inventories, net

 
 
8,372
 
 
 
11,528
 

Prepaid & other

 
 
493
 
 
 
635
 

Total current assets

 
$
16,075
 
 
$
19,914
 

 

 
 
 
 
 
 
 
 

Accounts payable

 
$
3,014
 
 
$
3,990
 

Accrued payroll and benefits expense

 
 
1,205
 
 
 
1,373
 

Accrued expenses

 
 
768
 
 
 
1,039
 

Other current liabilities

 
 
1,679
 
 
 
833
 

Line of credit

 
 
1,013
 
 
 
6,540
 

Current portion of acquisition earn-out liability

 
 
0
 
 
 
500
 

 

 
 
 
 
 
 
 
 

Total current liabilities

 
$
7,679
 
 
$
14,275
 

CONTACT:

Dynatronics Corporation
Investor Relations
Skyler Black
(801) 676-7201
skyler.black@dynatronics.com

For additional information, please visit: www.dynatronics.com
Like Dynatronics on Facebook
Connect with Dynatronics on LinkedIn
Follow us on Twitter

SOURCE: Dynatronics Corporation

ReleaseID: 607484

Charah Solutions Negotiating Agreement with TMPA for the Acquisition, Remediation and Redevelopment of Gibbons Creek Steam Electric Station and Reservoir

Will Provide Turnkey Environmental Risk Transfer Services to Remediate

Existing Ash Ponds and Landfills and Redevelop Property;

The Coal Plant Will Not Be Restarted and Will Begin the Decommissioning Process

LOUISVILLE, KY / ACCESSWIRE / September 24, 2020 / Charah® Solutions, Inc. (NYSE:CHRA) (the "Company"), a leading provider of environmental and maintenance services to the power generation industry, today announced that it is negotiating an agreement with the Texas Municipal Power Agency (TMPA) to acquire, remediate and redevelop the Gibbons Creek Steam Electric Station and Reservoir in Grimes County, Texas ("Gibbons Creek"). TMPA, which was created to supply electricity on a wholesale basis to its member cities of Bryan, Denton, Garland and Greenville, operated Gibbons Creek from its construction in 1982 until 2018.

As part of this agreement, Charah Solutions, through its subsidiary Gibbons Creek Environmental Redevelopment Group, LLC (GCERG), will take ownership of the 6,166 acre area which includes the closed power station, the 3,500 acre reservoir, dam and spillway. GCERG will be responsible for the shutdown and decommissioning of the coal power plant as well as performing all environmental remediation work for the site landfills and ash ponds.

As a sustainability leader in utility services for over 30 years, Charah Solutions is dedicated to preserving natural resources in an environmentally conscious manner through projects such as this with TMPA. Sustainability is a Charah Solutions core value, and the Company focuses its business on developing innovative solutions to complex environmental issues for the betterment of the planet, the communities in which it operates and its customers.

According to Scott Sewell, Charah Solutions President and CEO, "Our Environmental Risk Transfer services represent an innovative solution designed to meet the evolving and increasingly complex needs of our utility partners. Many utilities are experiencing an increased need to retire and decommission older or less economically viable generating assets while minimizing costs and maximizing the value of the assets and improving the environment. This is a perfect example of Charah Solutions providing a custom approach for these complex projects, as we are able to provide not only the environmental remediation expertise needed to meet regulations but also bring the right partners to the table to redevelop the property while creating local jobs and lowering the cost for our utility partner."

GCERG's site redevelopment options do not include a restart of the coal plant but do include renewable energy, agricultural, commercial or industrial redevelopment opportunities. The Gibbons Creek Reservoir RV Park and campground will continue to operate going forward as it is a very popular recreational destination for local lake enthusiasts, regularly drawing over 200 people per day.

"We are pleased to work with Charah Solutions to reduce the environmental risk and costs for TMPA and its member cities and ratepayers while redeveloping the plant and property to expand economic activity and support the tax base, including the Grimes County Schools," said Bob Kahn, TMPA General Manager. "The transaction will save member cities millions in expenses associated with decommissioning and environmentally remediating the plant site."

About Charah Solutions, Inc.

With 30 years of experience, Charah® Solutions, Inc. is a leading provider of environmental and maintenance services to the power generation industry, with operations in fossil fuel and nuclear power generation sites across the country. Based in Louisville, Kentucky, Charah Solutions assists utilities with all aspects of managing and recycling ash byproducts generated from the combustion of coal in the production of electricity as well as routine power plant maintenance and outage services for the fossil fuel and nuclear power generation industry. The Company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash sales, and structural fill projects. Charah Solutions is the partner of choice for solving customers' most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the Company is committed to reducing greenhouse gas emissions for a cleaner energy future. For more information, please visit www.charah.com.

About Texas Municipal Power Agency

Texas Municipal Power Agency (TMPA) is a municipally owned utility created by its member cities of Bryan, Denton, Garland and Greenville, Texas. In addition to Gibbons Creek, TMPA owns a lignite mine that is undergoing reclamation, and owns approximately 350 circuit miles of transmission lines (both 345 kV and 138 kV), 1 mile of 69kV transmission line, and 13 substations. For more information, please visit http://www.texasmpa.org/default.aspx

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as "may," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "will," "continue," "potential," "should," "could," and similar terms and phrases. These statements are based on certain assumptions made by the Company based on management's experience and perception of historical trends, current conditions, anticipated future developments, and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

                       

Investor Contact

Roger Shannon
Charah Solutions
(502) 245-1353
ir@charah.com

Media Contacts

Keaton Price
Charah Solutions
(502) 593-4692
media@charah.com

Bob Kahn
TMPA General Manager
(936) 873-1100
BKahn@texasmpa.org

SOURCE: Charah Solutions, Inc.

ReleaseID: 607483

Black Tusk Announces Closing of Oversubscribed Financing and Strategic Investment by Palisades Goldcorp Ltd

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VAL D'OR, QC / ACCESSWIRE / September 24, 2020 / Black Tusk Resources Inc. (CSE:TUSK)(OTC PINK:BTKRF)(Frankfurt:ONB) (the "Company" or "Black Tusk") is pleased to announce an oversubscribed non-brokered private placement for gross proceeds of $2,368,606. The financing included $204,000 of flow through financing, $2,164,606 of non-flow through financing inclusive of the strategic investment by Palisades Goldcorp Ltd. ("Palisades").

"Palisades Goldcorp's strategic investment is an excellent endorsement to the potential of our projects specifically the McKenzie East property in the prolific Abitibi Greenstone Belt. These funds will allow us to expand our exploration initiatives, including or drilling program at McKenzie East."

The flow through funding consisted of 2,550,000 flow through units ("FT Units"), priced at $0.08 each for gross proceeds of $204,000. Each FT Unit consists of one flow-through common share plus one warrant to purchase one non flow-through common share at $0.10 for five (5) years.

The non flow-through financing consisted of 28,134,073 units ("NFT Units") priced at $0.053 for gross proceeds of $1,491,105.87. Each NFT Unit consists of one common share plus one warrant to purchase an additional common share at $0.08 for five years, in addition, the Company also closed a second non-flow through financing consisted of 9,621,428 units ("NFT Units-B") priced at $0.07 for gross proceeds of $673,500. Each NFT-B Unit consists of one common share plus one warrant to purchase an additional common share at $0.10 for five years.

In addition, the Company settled outstanding indebtedness of $186,375 in exchange for common shares of the Company at a price of $0.07 per common share.

The Company paid finder's fees of seven percent based on the gross proceeds received by the Company as well as seven percent of either brokers warrants exercisable on the same terms as the respective units warrants or compensation options exercisable into offered units on the same terms as the respective unit sold. The private placement and any finder's fees are subject to CSE approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.

Proceeds from the offerings will be used for general working capital and mineral exploration on the Company's projects.

About Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.

About Black Tusk Resources Inc.

Black Tusk Resources is a gold-focused Canadian exploration company with operations primarily based in the world-class Abitibi greenstone belt region of Quebec. Black Tusk currently holds 100-per-cent ownership in six separate gold and platinum/palladium properties in Canada.

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

For more information please contact:

Black Tusk Resources Inc.
Mr. Richard Penn
President and Chief Executive Officer
Tel 778-384-8923
richard@blacktuskresources.com

www.blacktuskresources.com

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Black Tusk's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Black Tusk. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Black Tusk is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

SOURCE: Black Tusk Resources Inc.

ReleaseID: 607573