NEW YORK, NY / ACCESSWIRE / April 29, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Cronos Group Inc. (NASDAQ:CRON)
Class Period: May 9, 2019 to March 2, 2020
Lead Plaintiff Deadline: May 11, 2020

The CRON lawsuit alleges that throughout the class period, Cronos Group Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Cronos had engaged in significant transactions for which its revenue recognition was inappropriate; (ii) the foregoing would foreseeably necessitate reviews that would delay the Company's ability to timely file its periodic reports; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in CRON: http://www.kleinstocklaw.com/pslra-1/cronos-group-inc-loss-submission-form-2?id=6259&from=1

Mesa Air Group Incorporated (NASDAQ:MESA)
Class Period: shares pursuant and/or traceable to the documents issued in connection with Mesa Air Group's August 2018 initial public offering.
Lead Plaintiff Deadline: June 1, 2020

The MESA lawsuit alleges that Mesa Air Group Incorporated made materially false and/or misleading statements and/or failed to disclose that: (1) Mesa Air Group's operational performance was poor and below industry standards; (2) Mesa Air Group had a shortage of qualified mechanics and maintenance personnel; (3) Mesa Air Group had an inadequate number of spare aircraft and parts; (4) Mesa Air Group did not have a strong track record of reliable performance; (5) then-existing "risks" had already materialized; (6) Mesa Air Group knew of undisclosed adverse trends and uncertainties at the time of the initial public offering; and (7) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in MESA: http://www.kleinstocklaw.com/pslra-1/mesa-air-group-incorporated-loss-submission-form?id=6259&from=1

eHealth, Inc. (NASDAQ:EHTH)
Class Period: March 19, 2018 to April 7, 2020
Lead Plaintiff Deadline: June 8, 2020

The complaint alleges that eHealth, Inc. issued materially false and/or misleading information and/or failed to disclose: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in EHTH: http://www.kleinstocklaw.com/pslra-1/ehealth-inc-loss-submission-form?id=6259&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 587650

MISSISSAUGA, ON / ACCESSWIRE / April 29, 2020 / Armada Data Corporation (TSXV:ARD) reports its interim financial results for the quarter ended February 29, 2020 have now been filed on SEDAR and are available to view on SEDAR at www.sedar.com and the company's web site www.armadadata.com.

Selected Quarterly Information

Fiscal Year

 
2020
 
 
2020
 
 
2020
 
 
2019
 
 
2019
 
 
2019
 
 
2019
 
 
2018
 
 
2018
 

Quarter

 
Feb-29
 
 
Nov-30
 
 
Aug-31
 
 
May-31
 
 
Feb-28
 
 
Nov-30
 
 
Aug-31
 
 
May-31
 
 
Feb-28
 

Ended

 
2020
 
 
2019
 
 
2019
 
 
2019
 
 
2019
 
 
2018
 
 
2018
 
 
2018
 
 
2018
 

Total Revenue

 
 
922,113
 
 
 
974,475
 
 
 
775,200
 
 
 
713,646
 
 
 
718,174
 
 
 
704,521
 
 
 
748,287
 
 
 
684,745
 
 
 
738,576
 

Comprehensive

Income(loss) before taxes

 
 
56,904
 
 
 
81,648
 
 
 
97,865
 
 
 
(85,663
)
 
 
1,617
 
 
 
(30,407
)
 
 
91,679
 
 
 
(35,922
)
 
 
51,455
 

Comprehensive Income(loss) per share

 
$ 
0.00
 
 
$ 
0.01
 
 
$ 
0.01
 
 
$ 
(0.01
)
 
$ 
0.00
 
 
$ 
0.00
 
 
$ 
0.01
 
 
$ 
0.00
 
 
$ 
0.00
 

Operations

The Company's total revenue increased 28% in the three months ended February 29, 2020 to $922,113 from $718,174 in the same period a year earlier. Comprehensive income increased to $56,904 in this quarter, from $1,617 at February 28, 2019.

The Insurance Services division experienced a 14% increase in revenue, from $416,835 in the three months ended February 28, 2019 to $473,925 in 2020.

The CarCostCanada division (combining the former Retail, Dealer and Advertising divisions) revenue was up by 55% for the period ended February 29, 2020, to $376,769 from $243,101 during the period ended February 28, 2019.

The Information Technology division revenue increased by 23% to $71,419 in the third quarter of fiscal 2020 ended February 29, 2020, from $58,238 in the same quarter in fiscal 2019. IT continues to offer technical support and web site hosting to hundreds of customers, and is developing new customer relationships on a regular basis, as well as offering new services for sale.

Expenses in this third quarter of fiscal 2020 before amortization, interest and stock-based compensation, increased to $825,311, compared to $693,915, a 19% increase over the same period last year.

Accounts receivable increased 19% to $648,420 as at February 29, 2020, compared to $543,776 as at February 28, 2019. Related party accounts receivable increased from $5,579 to $12,835.

Accounts payable increased 43%, to $382,332 as at February 29, 2020 from $266,556 a year earlier. There was $8,442 in Related parties accounts payable as at February 29, 2020 and $2,881 as at February 28, 2019.

The Company's deficit decreased to $(734,435) as at February 29, 2020, compared to $(870,511) as at February 28, 2019. Earnings per share at February 29, 2020 are $0.00, versus $0.00 at February 28, 2019.

Segmented Quarterly Information

Revenues earned by divisions are as follows:

 
3 months ended
 
 
3 months ended
 

 
February 29, 2020
 
 
February 28, 2019
 

Insurance Services

 
$ 
473,925
 
 
$ 
416,835
 

CarCost Canada

 
 
376,769
 
 
 
243,101
 

Information Technology

 
 
71,419
 
 
 
58,238
 

Total revenue – Armada Data Corp

 
$ 
922,113
 
 
$ 
718,174
 

Outlook

The Company's outlook is to continue to increase sales, update and improve our data services products and deliver significantly better results to our shareholders by way of the following:

Develop a new, targeted CarCostCanada digital, video and traditional marketing campaign to enhance product and brand awareness to more Canadian new car buyers.
Forge new CarCostCanada marketing partnerships that focus specifically on Canadian new car buyers and convert these buyers to CarCostCanada members.
Continue to build out the CarCostCanada new car dealership network and strive to monetize over 80% of our members and introduce additional product offerings to our member-base.
Maintain and improve our relationships with some of the largest insurance companies in Canada and partner with some of these organizations to produce new products and services for their client base.
Sign on one or two additional Canadian insurance companies to become Armada Insurance Services clients.
Introduce a new CarCostCanada Member Services product that caters specifically to our insurance company clients.

COVID-19 emerged in December 2019 and subsequently spread worldwide, leading to the World Health Organization's declaration of a COVID-19 pandemic on March 11, 2020. To date, Canadian federal and provincial governments and businesses have mandated various measures, including: travel restrictions, restrictions on public gatherings, stay-at-home orders and advisories, and the quarantine of people who may have been exposed to the virus.

The Company's operation continue, but in response to the guidance from government, and in an effort to mitigate the spread of COVID-19, effective March 18, 2020, staff moved to a work from home model with very limited office presence.

While revenues in the period subsequent to February 29, 2020 have been negatively impacted by the pandemic, the Company's financial position and working capital remain strong. The Company will be applying for the Federal payroll subsidy and job-sharing benefits to manage operating costs. The Company continues to monitor developments, including government regulations and recommendations, to assess future actions.

About Armada Data Corp.

Armada Data is a Canadian publicly traded Information & Marketing Services Company providing accurate and real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related web sites and providing information technology and marketing services to its clients.

Armada Data shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada currently has a total of 17,670,265 shares outstanding.

Additional information relating to Armada Data Corporation is filed on SEDAR, and can be viewed at www.sedar.com.

For further information, please contact:

Armada Data Corporation
Mr. R. James Matthews, President & CEO
Email: investors@armadadata.com or investors@armadadatacorp.ca

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

SOURCE: Armada Data Corporation

ReleaseID: 587630

VANCOUVER, BC / ACCESSWIRE / April 29, 2020 / Aurwest Resources Corporation (CSE:AWR) (the "Company") would like to provide an update on the status of the filing of interim financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the nine months ended February 28, 2020.

On March 18, 2020, the Canadian Securities Administrators ("CSA") issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the British Columbia Securities Commission ("BCSC") has enacted BC Instrument 51-515 – Temporary Exemption from Certain Corporate Finance Requirements ("BCSC 51-515").

The Company will be relying on the temporary exemption pursuant to BCSC 51-515 in respect to the following provisions:

the requirement to file interim financial statements for the nine month period ended February 28, 2020 (the "Interim Financial Statements") within 60 days of the Company's third quarter as required by section 4.4(b) of NI 51-102;

the requirement to file management discussion and analysis (the "Interim MD&A") for the period covered by the Interim Financial Statements within 60 days of the Company's third quarter as required by section 5.1(2) of NI 51-102;

the requirement to file certifications of the Interim Financial Statements (the "Certificates" and together with the Interim Financial Statements, the "Interim Filings") pursuant to section 5.1 of National Instrument 52-109.

The Company confirms that since the filing of its condensed interim financial statements for the period ended November 30, 2019, there have been no material business developments other than those disclosed through Company press releases.

The Company is continuing to work diligently and expeditiously to file the Interim Filings on or before June 14, 2020. In the interim, management and other insiders of the Company are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.

ON BEHALF OF AURWEST RESOURCES CORPORATION

Colin Christensen

President and Chief Executive Officer

For additional information please contact:
Colin Christensen
Telephone: (403) 483-8363
Email: colinc8@telus.net

About Aurwest Resources Corporation

Aurwest is a Canadian-based junior mining/exploration company focused on the acquisition, exploration and development of gold, silver and base metal properties in North America. The Company currently holds a 100% interest in the Stellar Project, located approximately 25 kilometres southwest of Houston, British Columbia. The Stellar project covers approximately 18,491 ha bordering the eastern, western and, perhaps most importantly, the northern interpreted extension of M3 Metals; Stars porphyry copper-gold-silver-moly discovery.

Forward-Looking Information

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.

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

SOURCE: Aurwest Resources Corporation

ReleaseID: 587612

LOS ANGELES, CA / ACCESSWIRE / April 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Tilray, Inc. ("Tilray" or "the Company") (NASDAQ:TLRY) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between January 15, 2019 and March 2, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before May 5, 2020.

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 424-303-1964, 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.

According to the Complaint, the Company made false and misleading statements to the market. Tilray materially overstated the advantages of its marketing and revenue sharing agreement with Authentic Brands Group (the "ABG Agreement"). The failure of the ABG Agreement to perform was likely to have a significant impact on the Company's financial results. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Tilray, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 587639

LOS ANGELES, CA / ACCESSWIRE / April 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations of the federal securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering ("IPO") on or about November 20, 2019, are encouraged to contact the firm before May 4, 2020.

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.

According to the Complaint, the Company made false and misleading statements to the market. Canaan claimed to engage in "strategic cooperation" which was really just a related-party transaction. The Company was in a weaker financial position than it reported. The Company removed many distributors immediately before the IPO, many of which were of dubious quality. Many of the Company's Chinese customers were not in the Bitcoin industry and were therefore not likely to buy its products again. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Canaan, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 587638

LOS ANGELES, CA / ACCESSWIRE / April 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Align Technology, Inc. ("Align" or "the Company") (NASDAQ:ALGN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between April 24, 2019 and July 24, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before May 1, 2020.

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.

According to the Complaint, the Company made false and misleading statements to the market. Align touted its growth and performance in China, which it described as its second most valuable market behind the United States. The Company describes its China operations using language such as a "huge market opportunity" and "tremendous growth . . . in China, in particular," and characterized its products as "a big hit with our Chinese customers." The Company was exaggerating its success in China and failed to disclose declining demand and negative consumer sentiment about its products in the country. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Align, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 587636

LOS ANGELES, CA / ACCESSWIRE / April 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Tufin Software Technologies Ltd. ("Tufin" or "the Company") (NYSE:TUFN) for violations of the securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted on or about April 11, 2019 (the "IPO" or "Offering"), are encouraged to contact the firm before April 30, 2020.

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.

According to the Complaint, the Company made false and misleading statements to the market. Tufin inflated its growth metrics and overstated its customer relationships. The Company's business in North America was deteriorating at the time of the IPO. Based on these facts, the Company's public statements and Offering Documents were false and materially misleading throughout the IPO period. When the market learned the truth about Tufin, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 587635

LOS ANGELES, CA / ACCESSWIRE / April 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Norwegian Cruise Line Holdings Ltd. ("Norwegian" or "the Company") (NASDAQ:NCLH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 20, 2020 and March 2, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before May 11, 2020.

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.

According to the Complaint, the Company made false and misleading statements to the market. Norwegian sales staff made statements to customers ranging from unproven to blatantly false about the COVID-19 coronavirus to prevent cancellations and convince new customers to book cruises, endangering the lives of both customers and crew members. Based on this fact, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Norwegian, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 587626

TACOMA, WA / ACCESSWIRE / April 29, 2020 / 2020 First Quarter Financial Highlights:

Total assets increased $40.9 million, or 12%, to $395.4 million at March 31, 2020 from $354.5 million for the period ending March 31, 2019. Assets increased $7 million, or 2%, from the $388.4 million recorded at December 31, 2019.
Net income of $947 thousand, or $0.23 per share, was recorded for the quarter ended March 31, 2020 versus $1.07 million, or $0.28 per share, in first quarter 2019.
Total loans exceeded growth expectations and increased 14% compared to one year prior.
Total deposits increased by 11% from first quarter 2019.
Opened our newest branch in King County in the industrial center of Auburn.
Tangible book value per share increased to $11.34 for the quarter from $9.98 one year earlier.
Nonperforming assets to total assets of 0.7%.

Commencement Bank (OTCQX:CBWA) reported quarterly net income of $947 thousand or $0.23 per share for the quarter ending March 31, 2020, compared to $1.07 million and $0.28 per share for first quarter 2019. Net interest income decreased by 3% compared to one year prior. Total assets increased 12% from $354.5 million in first quarter 2019 to $395.4 million in first quarter 2020.

Total loans at the end of the first quarter 2020 increased 14% to $301.8 million compared to $268.2 million in first quarter 2019. The Bank's loan portfolio remained well-diversified at 66% commercial real estate, 30% commercial, and 4% consumer and other. Nonperforming assets were 0.7% and the Bank's Texas Ratio, a measurement of problem loans and bank-owned properties to capital, was 5.1%.

Total deposits increased 11% to $340.1 million as compared to $307.5 million the previous period. The deposit mix at quarter-end was 29% non-interest-bearing, 43% interest bearing checking, savings, and money market, and 28% time deposit.

Recent levels of loan and deposit growth support the increasing franchise value of Commencement Bank. The organic growth and penetration in our markets is increasingly evident. The expansion of our Auburn location into a beautiful, full-service branch enhances our market presence in a strategic location.

Interest income, despite the growth in loans and assets, was unchanged due to the ongoing impact of the Fed Funds rate reductions in late 2019 and first quarter 2020. Over this period, the industry was affected by five rate reductions from 2.25% down to 0.25%. Interest expense decreased to $662 thousand from $699 thousand one quarter earlier, also reflecting the initial effects of the emergency Fed Funds rate decreases in first quarter 2020.

Since the end of March 2020, and in the first round of the Small Business Administration's Paycheck Protection Program (PPP) funding, Commencement processed over 260 applications for existing and new clients totaling approximately $62 million. To support the effectiveness of this program, the Federal Reserve Bank established a PPP Liquidity Facility to match fund these loans, offering liquidity and regulatory capital concessions to financial institutions in order to increase capacity for the program.

"As we wrap up the first quarter of 2020, I am pleased with the continued success of the Bank's financial performance. We have a dedicated team with a clear vision of our strategy, and we are well-positioned to handle the challenges in the coming months. We continue to focus on growth while maintaining stability, and are making the necessary allowances to serve our customers and community during these challenging times," said John Manolides, President & Chief Executive Officer.

Shareholders were notified of Commencement Bank's annual meeting date change from April 28, 2020 to June 16, 2020 at 3 PM. Due to the on-going risks associated with COVID-19, the meeting will be held in virtual format.

For further discussion, please contact the following:

John E. Manolides – President & Chief Executive Officer Direct Phone: (253)284-1802

Tom Dhamers – Executive Vice President & Chief Financial Officer Direct Phone: (253)284-1803

About Commencement Bank

Commencement Bank, headquartered in Tacoma, Washington, was formed in 2006 to provide traditional, reliable, and sustainable banking in Pierce County, South King County, Thurston County and the surrounding areas. The team of experienced banking experts focuses on personal attention, flexible service, and building strong relationships with customers through state-of-the-art technology as well as traditional delivery systems. As a local bank, Commencement Bank is deeply committed to the community.

For more information, visit: www.commencementbank.com. For information related to the trading of CBWA, please visit www.otcmarkets.com.

Forward-Looking Statement Safe Harbor: This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Forward-looking statements describe Commencement Bank's projections, estimates, plans and expectations of future results and can be identified by words such as "believe," "intend," "estimate," "likely," "anticipate," "expect," "looking forward," and other similar expressions. They are not guarantees of future performance. Actual results may differ materially from the results expressed in these forward-looking statements, which because of their forward-looking nature, are difficult to predict. Investors should not place undue reliance on any forward-looking statement, and should consider factors that might cause differences including but not limited to the degree of competition by traditional and nontraditional competitors, declines in real estate markets, an increase in unemployment or sustained high levels of unemployment; changes in interest rates; greater than expected costs to integrate acquisitions, adverse changes in local, national and international economies; changes in the Federal Reserve's actions that affect monetary and fiscal policies; changes in legislative or regulatory actions or reform, including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act; demand for products and services; changes to the quality of the loan portfolio and our ability to succeed in our problem-asset resolution efforts; the impact of technological advances; changes in tax laws; and other risk factors. Commencement Bank undertakes no obligation to publicly update or clarify any forward-looking statement to reflect the impact of events or circumstances that may arise after the date of this release.

SOURCE: Commencement Bank (WA)

ReleaseID: 587606

TORONTO, ON / ACCESSWIRE / April 29, 2020 / AurCrest Gold Inc. (the "Company" or "AurCrest") (TSXV:AGO) wishes to provide an update on the coronavirus pandemic ("COVID-19") as it affects the Company and the status of the filing of its annual financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications, for the financial year ended December 31, 2019.

The lockdown resulting from the outbreak of COVID-19 has created unprecedented disruptions in the global economy and stock markets. AurCrest's Board of Directors and Management are taking all necessary precautions to ensure the health of its employees and consultants and to manage the short-term challenges to its business.

On March 23, 2020, the Ontario Securities Commission ("OSC") enacted Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (the "OSC Temporary Exemption") providing a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of COVID-19. AurCrest will be relying on this extension period due to delays experienced as result of COVID-19.

AurCrest will be relying on the OSC Temporary Exemption in respect of the following provisions:

the requirement to file audited financial statements for the year ended December 31, 2019 (the "Annual Financial Statements") within 120 days of AurCrest's financial year end as required by section 4.2(b) of National Instrument 51-102 ("NI 51-102");

the requirement to file management's discussion and analysis (the "Annual MD&A") for the period covered by the Annual Financial Statements within 120 days of AurCrest's financial year end as required by section 5.1(2) of NI 51-102;

the requirement to file certifications of the Annual Financial Statements (the "Annual Certificates" and together with the Annual Financial Statements, the "Annual Filings") pursuant to section 4.1 of National Instrument 52-109 ("NI 52-109"); and

the requirement to make disclosure with respect to executive compensation not later than 140 days after AurCrest's financial year-end as required by section 11.6 of NI 51-102.

AurCrest is working diligently and expeditiously with its auditors to file the Annual Filings on or before May 15, 2020. At this time, AurCrest does not anticipate any delays in filing its interim financial statements for the first quarter ending March 31, 2020 (the "Interim F/S") which are due to be filed by May 30, 2020. In the interim, management and other insiders of AurCrest are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

AurCrest confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through press releases including the press release issued on December 13, 2019 (relating to the Emission Reduction Benefit Management Agreement between AurCrest and the Lac Seul First Nation to develop carbon sequestration opportunities in the First Nation's traditional territory in Northwestern Ontario) and the press release issued on December 24, 2019 (relating to the option of a 100% interest in the Company's Western Fold property to Newrange Gold Corp.).

As required by the OSC Temporary Exemption, the Company will issue further press releases at 30 day intervals providing updates on material business developments, if any, including updates on the Annual Filings or the Interim F/S.

About AurCrest Gold Inc.

AurCrest is a mineral exploration company focused on the acquisition, exploration, and development of gold properties. AurCrest has a portfolio of properties in Ontario, which include the Richardson Lake and Bridget Lake gold properties.

FOR FURTHER INFORMATION PLEASE CONTACT:

AurCrest Gold Inc.

Christopher Angeconeb
President and C.E.O
(807) 737-5353
christopherangeconeb@gmail.com

Ian Brodie-Brown
Director of Business Development
(416) 844-9969
ianbrodiebrown@gmail.com

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. AurCrest undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

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

SOURCE: AurCrest Gold Inc.

ReleaseID: 587605