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.

VMware, Inc. (NYSE:VMW)
Class Period: March 30, 2019 to February 27, 2020
Lead Plaintiff Deadline: June 1, 2020

VMware, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) VMware’s reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (ii) the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; 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 VMW: http://www.kleinstocklaw.com/pslra-1/vmware-inc-loss-submission-form?id=6244&from=1

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
Class Period: February 20, 2020 to March 12, 2020
Lead Plaintiff Deadline: May 11, 2020

Throughout the class period, Norwegian Cruise Line Holdings Ltd. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was employing sales tactics of providing customers with unproven and/or blatantly false statements about COVID-19 to entice customers to purchase cruises, thus endangering the lives of both their customers and crew members; and (2) as a result, Defendants’ statements regarding the Company’s business and operations were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in NCLH: http://www.kleinstocklaw.com/pslra-1/norwegian-cruise-line-holdings-ltd-loss-submission-form?id=6244&from=1

Fifth Third Bancorp (NASDAQ:FITB)
Class Period: February 26, 2016 to March 6, 2020
Lead Plaintiff Deadline: June 8, 2020

The complaint alleges that throughout the class period Fifth Third Bancorp made materially false and/or misleading statements and/or failed to disclose that: (i) as a result of Fifth Third Bank’s aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (ii) since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (iii) Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (iv) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (v) Fifth Third’s revenues were in part the product of unlawful conduct and thus unsustainable; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in FITB: http://www.kleinstocklaw.com/pslra-1/fifth-third-bancorp-loss-submission-form?id=6244&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: 587546

New cloud service provides continuous protection and remediation from sophisticated phishing threats that penetrate existing safeguards

MCLEAN, VA / ACCESSWIRE / April 29, 2020 / Cyren (NASDAQ:CYRN)(FRA:TOU) a leader in cloud security, announced today the launch of Cyren Inbox Security to address the escalating business risk caused by evasive phishing, BEC (business email compromise) and other email-borne threats faced by enterprises using Microsoft 365. Cyren Inbox Security is a supplementary email security solution that fully integrates within Microsoft 365 (formerly Office 365), and is the first service to combine continuous email monitoring and threat detection with automated response and remediation for every inbox in an organization. Cyren Inbox Security is also the first offering to provide an automated framework for crowdsourced threat detection and intelligence directly from users.

With this new cloud service, Cyren addresses the growing problem of sophisticated and evasive phishing threats that avoid detection by existing perimeter-based secure email gateways and reach their destination – employee inboxes.

Microsoft recently reported a 21% increase in commercial seats of Microsoft 365, and that monthly active users surpassed the 200 million mark during their first 2020 fiscal quarter. Gartner predicts that by 2021, up to 70% of enterprises will be using Microsoft's cloud email services. The rapid, widespread adoption of Microsoft 365 has created a new cyberattack surface and an attractive hunting ground for phishing and BEC predators. With recent government mandated work from home requirements, remote users now have no direct face-to-face communication with co-workers, which puts organizations further at risk to phishing attacks.

As cloud mailboxes proliferate, so does the need to protect them and it is clear that traditional email security solutions still leave users at risk. Verizon's 2019 Data Breach Investigations Report found that 32% of enterprise data breaches involved phishing, and 56% of breaches took months or longer to discover. Cybercriminals are increasingly targeting company executives, and BEC victims experience a greater financial loss than data breaches. An April 2020 FBI Public Service Announcement reported that over a 5-year period, their Crime Complaint Center received complaints from US businesses totaling more than $2.1 billion in actual (unrecovered) losses from BEC. The Department of Homeland Security, Federal Trade Commission and Centers for Disease Control have all recently issued warnings about COVID-19 related coronavirus themed phishing emails.

"Current secure email gateways only have one chance to detect a threat before the email is delivered to an inbox, and that's no longer enough," explains Lior Kohavi, Cyren Chief Strategy Office and EVP Advanced Solutions. "By contrast, Cyren Inbox Security continuously monitors a user's inbox, which is the key to detecting sophisticated and evasive attacks and then providing automated response and remediation. The result is an easy and effective way to strengthen email protection beyond what is provided by legacy secure email gateways," concludes Kohavi.

Cyren Inbox Security is a fully API-based service that provides frictionless onboarding and a native Microsoft 365 experience, and takes only minutes to deploy. Early adopters of Cyren's Inbox Security report a number of benefits realized by their organizations, including:

Significant reduction in time to respond and remediate email-borne phishing attacks
Reduced cost of response and remediation
Tighter corporate email security that preserves investment in existing secure email gateways
Higher employee engagement and cybersecurity awareness, without distracting from productivity
Better utilization of SOC skills and resources through automation

Cyren Inbox Security is commercially available as a monthly subscription service. For further information, please visit our website at https://www.cyren.com/cyren-inbox-security.

About Cyren:

More than 1.3 billion users around the world rely on Cyren's cloud security solutions to protect them against cyber-attacks and data loss every day. Powered by the world's largest security cloud, Cyren (NASDAQ: CYRN) delivers fast time-to-protection with embedded threat detection, threat intelligence and email security solutions. Learn more at www.cyren.com.

Blog: http://blog.cyren.com
Facebook: www.facebook.com/CyrenWeb
LinkedIn: www.linkedin.com/company/cyren
Twitter: www.twitter.com/CyrenInc

Company Contact
Mike Myshrall, CFO
Cyren
+1.703.760.3320
mike.myshrall@cyren.com

SOURCE: Cyren Ltd via EQS Newswire

ReleaseID: 587506

SAN DIEGO, CA / ACCESSWIRE / April 29, 2020 / GreenBox POS (OTC PINK:GRBX) ("GreenBox", "GRBX", the "Company") is pleased to announce the successful completion of an audit of its technology infrastructure resulting in PCI Level 1 Compliance Certification. GreenBox's Level 1 compliance certification verifies to the public that it diligently follows the data security standards applicable to cardholder data for the highest volume of transactions. The Company followed a strong execution of its business model in the third quarter of 2019, bolstered by a major update to its technical, operational and security standards. Following six months of effort, on-site visits, and updates to its technology stack, GreenBox is proud to report has achieved full PCI Level 1 certification across all its servers.

What is PCI: The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed, managed, and enforced by the PCI Security Standards Council (PCI SSC), an independent body of major payment card brands, to ensure that companies process, store, and transmit card information in a secure environment.. Adherence to these standards protect consumer data by eliminating the storage and/or transmission of certain data points as well as strategically storing other data points.

Why is PCI important to GreenBox: Passing sensitive information is the heart of transacting between two parties. There are several major advantages of GreenBox‘s PCI Level 1 Compliance Certification, including:

GreenBox will no longer need to rely on a third-party vendor for PCI Compliance. This independence is financially beneficial to the Company, and of equal important, places GreenBox in exclusive control of the flow of information within GreenBox's software.
GreenBox's clients are now "out of scope." Being "out of scope" is a popular term in the Payment Industry, meaning that GreenBox's clients are no longer individually burdened with certain compliance standards, but can instead benefit from GreenBox's compliance efforts, essentially "riding" GreenBox's PCI compliance. This unique benefit is critical to GreenBox's signature fast onboarding of new clients, and further serves to guarantee that existing client data is handled securely.
PCI Level 1 is the highest possible PCI level certification reserved for companies transacting at high volumes.

"One of the first questions large companies ask when vetting GreenBox as a solution, is where we stand in regard to PCI Compliance," said Dan Nusinovich, Director of Product Development for the Company. "Being able to report and evidence to prospective clients that we are PCI Level 1 Certified is a game changer. It shows we take data security and software seriously and we are here for the long term."

About GreenBox POS:

GreenBox POS ("GRBX", "GreenBox") is a groundbreaking technology company that builds customized payment solutions for a variety of industries. GreenBox develops individual disruptive applications integrated in an end-to-end suite of financial products, supporting multitude of industries with an emphasis on Blockchain secured ledger technology. A main business focus is in blockchain ledgering services, capable of handling large commercial processing volumes for its merchant clients in myriad of business verticals. GreenBox is now capable of managing both legacy currency transactions as well as crypto payouts. GreenBox's main operating geography remains the USA, with additional capacity, clientele and technology availability developing in other countries.

For more information, visit the Company's website at https://www.greenboxpos.com/

Forward-Looking Statements Disclaimer:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Public Relations and Media Contact:

GreenBox POS
www.GreenBoxPOS.com
Office: 619-631-4838
Info@GreenBoxPOS.com

SOURCE: GreenBox POS, LLC

ReleaseID: 587319

If we could describe Eli Dangerfield in one word, it would be successful. He's from Adelaide, Australia, and is now a millionaire. This 21-year-olds success came from his own doing with no help from the outside. He came from an average family and has now come up on top with his Elmore Lewis Watches brand and his brand "Six Figure Brand Accelerator" which has helped thousands make 1k+ a day. Not to mention his worldwide watches that gathered bunches of 5-star ratings for the service

ADELAIDE, AUSTRALIA / ACCESSWIRE / April 29, 2020 / As everyone in the business industry, Eli has had his share of roadblocks. His biggest of the roadblocks would be back in 2016 when he had just initially started the launch of Elmore Lewis Watches. What had happened was he started targeting his social media ads to a certain third world country which led him to continuously make tons of sales. That was until he started to notice that he was getting a lot of chargebacks which means these customers were using stolen credit cards to make the purchases. He ended up losing all of his profits from these orders. This plus the cost of the products, shipping, and fees, had put him thousands in debt. This caused a total halt on his business and had to start working on a side hustle in order to gain back funds so he could put back into the business to get things back on track. This was a very stressful time for Eli as he was just 18-years-old at the time. He had debt collectors constantly harassing him for money he didn't have. Eli also says that after that, he had to pause his eCommerce business for a few months, but then again, that lightbulb moment struck him and he thought "I surely can't be that dumb, I need to make this work, so I went back and jumped all in." This mindset of not quitting no matter how hard times got, proved to be rewarding in the end.

As he had some bad times, he also had plenty of great ones that he will remember forever. During a period of time, Eli was working with an advertising agency that had promised him way more than they could ever offer. He had just burned $30,000 with them and was at the end of the road with Elmore Lewis. He was in a slump on the one day of the year that should be filled with joy, Christmas Day. He spent that day with his ex-girlfriend and family and his mind was all over the place, running in circles for how crazy 2017 had been for him and his business. All of that hard work, stress, fear, and he had only saved roughly $300 in his bank account to show for it. That night he decided to give this business one last chance, and sat down and took the time to make some new ads campaigns.

He had set the daily budget for Boxing Day 2017 to spend the last $300 he had left in the hopes that he'd either make some money to keep going, or he'd go bankrupt so I could finally be done with this business. To his disbelief, he woke up to noticing he made over $1,500 in his sleep. It was so crazy that he figured he must have made some sort of mistake. He went back to check how much he put into the ads, thinking he may have accidentally put down 3k instead of the $300. That day ended with him making about 7k, and in the end he only invested the $300 into that day. That week he went on to make $21,000. From there his passion re-ignited within telling him to keep pushing and realized that if he could make $7K in a single day from his laptop, that anything was possible. Since then he's had multiple days in a row doing well over $10-$20K with his thriving businesses."

Check out Eli Dangerfield on Instagram to learn how to start making a living from the comfort of your own home today.

Media Inquiries
Eli Dangerfield
https://www.instagram.com/elidangerfield

SOURCE: The Express Wire

ReleaseID: 587542

Secarna to develop LNAplusTM-based antisense oligonucleotides which specifically suppress the expression of a certain host factor essential to the SARS-CoV-2 viral infection cycle
Targeting host factors avoids risk of virus evading treatment due to mutation – a major issue when directly targeting the virus
Feasibility of concept already published for Ebola virus infection[1]; applicability to SARS-CoV-2 currently being evaluated by Prof. Claus Bachert, University of Ghent in Belgium/ First Affiliated Hospital at Guangzhou Sun Yat-sen University (SYSU)

MUNICH/MARTINSRIED, GERMANY / ACCESSWIRE / April 28, 2020 / Secarna Pharmaceuticals GmbH & Co. KG ("Secarna"), a biopharmaceutical company focusing on the discovery and development of next generation antisense oligonucleotide (ASO) therapies to address challenging or previously undruggable targets via its LNAplusTM platform, today announced that the Company has entered into a cooperation with the First Affiliated Hospital at Guangzhou Sun Yat-sen University (SYSU) for the development of a treatment or prophylactic for SARS-CoV-2 viral infections. Under this agreement, Secarna will employ its proprietary LNAplusTM platform to develop antisense oligonucleotides (ASOs) which specifically suppress the expression of a certain host factor that is essential for the viral infection cycle.

Secarna's approach to target host factors is beneficial compared to other approaches targeting the virus directly, as most viruses are known to evade targeted therapies by mutation over time. This risk could be completely avoided by targeting host factors. Additionally, different viruses often depend on common host factors. Therefore, a therapy addressing a host factor linked to existing or emerging viruses could potentially also serve as a treatment against future challenges.

The feasibility of Secarna's concept was already successfully demonstrated in 20191. In this study, Secarna employed its LNAplusTM platform to develop ASOs targeting the host factor NPC1 to efficiently reduce Ebola virus infection in vitro. The approach's applicability to SARS-CoV-2 is currently being evaluated by Prof. Claus Bachert at the University of Ghent in Belgium and the First Affiliated Hospital at Guangzhou Sun Yat-sen University (SYSU).

"We are very excited to be working together with Guangzhou's Sun Yat-sen University and leveraging our proprietary technology to develop LNAplusTM-based ASOs to potentially tackle SARS-CoV-2 infections. By targeting a host factor essential to the viral infection cycle, we hope to prevent the infection of cells and viral spread," said Jonas Renz, Managing Director and Co-founder of Secarna Pharmaceuticals.

Prof. Claus Bachert added: "This international cooperation is combining an innovative development platform with specific translational laboratory skills and the access to patients in a unique way."

About Secarna's proprietary drug discovery platform, LNAplusTM

Secarna's proprietary third-generation antisense oligonucleotide (ASO) platform, LNAplusTM, which encompasses all aspects of drug discovery and pre-clinical development, enables the company to discover novel antisense-based therapies for challenging or currently undruggable targets.Secarna's platform and ASOs have previously been validated by numerous in-house projects as well as in several academic and industry collaborations. With over 15 development programs focusing on targets in indications such as immuno-oncology, immunology, ophthalmology, as well as viral-, neurodegenerative- and cardiometabolic diseases, where antisense-based approaches have clear benefits compared to other therapeutic modalities, Secarna is the leading independent European antisense drug discovery and development company.

About Secarna Pharmaceuticals GmbH & Co. KG

Secarna Pharmaceuticals is the next generation antisense oligonucleotide (ASO) company with multiple innovative antisense therapies in various stages of pre-clinical development in the areas of immuno-oncology, immunology, ophthalmology, as well as viral-, neurodegenerative- and cardiometabolic diseases. Secarna's mission is to maximize the performance and output of its proprietary LNAplusTM antisense oligonucleotide discovery platform, as well as to develop highly specific, safe, and efficacious best-in-class antisense therapies for challenging or currently not druggable targets. www.secarna.com

Contact

Jonas Renz
Managing Director and Co-founder
Jonas.Renz@secarna.com

Secarna Pharmaceuticals GmbH & Co. KG
Am Klopferspitz 19
82152 Planegg/Martinsried
Tel.: +49 (0)89 215 46 375

For media enquiries:

Anne Hennecke/Vera Lang
MC Services AG
secarna@mc-services.eu
Tel.: +49 (0)211.52 92 52 22

[1] Sadewasser A, et al. "Anti-Niemann Pick C1 Single-Stranded Oligonucleotides with Locked Nucleic Acides Potently Reduce Ebola Virus Infection In Vitro." Molecular Therapy Nucleic Acids, vol. 16, 2019, pp. 686-697.

SOURCE: Secarna Pharmaceuticals GmbH & Co. KG

ReleaseID: 587353

VANCOUVER, BC / ACCESSWIRE / April 28, 2020 / Loop Insights Inc. (TSXV:MTRX)(OTC PINK:VRZPF) (the "Company" or "Loop")- provider of transformative artificial intelligence (AI) solutions- is pleased to announce the appointment of Jeffrey Hyman to its Board of Advisors.

Jeffrey holds over 20 years of experience in Wall Street investment banking and financial advisory, as well as leading large-scale development and redevelopment projects in the US. With areas of expertise in hospitality and entertainment, casino and gaming, destination and resort, and city infrastructure projects, Jeffrey brings wide-ranging experience in industries that align well with Loop's target client base.

Jeffrey Hyman: "I have always been drawn to the next big thing, and I believe Loop's innovative technology holds a place in many lucrative industries. I will use my connections and experience in any way possible to expedite their handle on these markets."

Loop CEO, Rob Anson: "Jeffrey's ability to not only spot opportunities, but execute them, is very impressive. As we come out of Covid-19, there will be large-scale changes being made in order to recoup financial losses. We plan on leveraging Jeffrey's connections and expertise in (re) development across verticals to gain traction during this phase of recovery. We are very lucky to have him on our Board."

Jeffrey's personal business and investment initiatives reflect his passion for driving innovative, high reward projects, such as the launch of a new energy technology with Free Flow Power Corporation, and the implementation of cutting-edge casino gaming technology and equipment with Hardway Holdings. As Loop gains traction in up-and-coming markets, Jeffrey's addition to the Board comes at no better time.

About Loop Insights: is a Vancouver-based technology company that provides transformative artificial intelligence (AI) solutions to level the playing field between brick and mortar retailers and their online competition. Particularly, Loop's technology aggregates online and on-premise data to enable real-time, data-driven marketing decisions for an enhanced customer experience. To close the consumer loop, the Company provides retailers and brands complete, real-time redemption metrics-something that does not exist in the brick and mortar environment today. Loop's products integrate with clients' existing legacy systems, which supports a seamless and convenient digital transformation.

For more information, please contact:

LOOP Insights Inc.
Soy Garipoglu, Manager, IR
T: 778-990-8985
E: ir@loopinsights.ca

CHF Capital Markets
Cathy Hume, CEO
T: 416-868-1079 x 231
E: cathy@chfir.com

LOOP Website: www.loopinsights.ai
Facebook: @LoopInsights
Twitter: @LoopInsights
LinkedIn: @LoopInsights

Forward-Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop's control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.

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

SOURCE: Loop Insights Inc.

ReleaseID: 587329

TORONTO, ON / ACCESSWIRE / April 28, 2020 / Galway Gold Inc. (TSXV:GLW)(OTC PINK:GAYGF) (the "Company") is pleased to announce that Eduardo Gomez has agreed to join its Board of Directors. Mr. Gomez has over 25 years of international operating and consulting experience across multiple industries. He currently advises CEOs of middle market private equity backed technology companies on revenue growth strategies as a delivery leader at Sales Benchmark Index (SBI). Before joining SBI, Mr. Gomez was a VP & General Manager at ADP where he led the rapid growth of a $780M division and Corporate Development efforts for their HR Outsourcing Business Unit. Prior to ADP, he led turnarounds in the EdTech, legal information and water plant manufacturing industries in the US and Colombia. Prior to being an operator, Mr. Gomez was a consultant in Colombia and Brazil with McKinsey & Co., Deloitte and PwC where he led cost optimization, M&A and growth strategy projects in the energy and banking industries.

Mr. Gomez has an MBA from the University of Texas at Austin and has a BS in Business Administration from the University of Rhode Island where he majored in Finance. He is fluent in Spanish, English and Portuguese.

The Company is also pleased to announce that it has awarded 250,000 incentive stock options exercisable at C$0.11 per common share and expiring on April 28, 2030 to Mr. Gomez. This grant of options is in compliance with terms of the Company's Stock Option Plan and remains subject to acceptance by the TSX Venture Exchange.

For further information contact:

Galway Gold Inc.

Robert Hinchcliffe 1-800-761-2770
www.galwaygoldinc.com

Cautionary Note Regarding Forward-Looking Statements: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Galway Gold's future plans, objectives or goals, including words to the effect that Galway Gold or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Galway Gold, Galway Gold provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, statements related to the termination of the Reina de Oro project, the ability to recover damages with respect to the termination of the Reina de Oro project, Galway Gold's objectives, goals or future strategic plans and new corporate opportunities, and the Company's ability to find a viable resource project in Colombia or an alternative mining jurisdiction. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to an inability to recover damages in respect of the termination of the Reina de Oro project, failure to identify a viable resource project, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Galway Gold's public documents filed on SEDAR. Although Galway Gold has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Galway Gold's plans, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Galway Gold does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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: Galway Gold Inc.

ReleaseID: 587309

SINGAPORE / ACCESSWIRE / April 29, 2020 / Jadestone Energy Inc. (AIM:JSE) ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that on April 27, 2020 it granted (a) an aggregate of 6,525,000 incentive stock options to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company, (b) an aggregate of 695,200 performance share awards to a number of its employees and (c) 101,063 restricted share awards to the Company's President and CEO, A. Paul Blakeley.

The stock options are exercisable for a period of ten years at an exercise price of GBP 0.44 per share, and will vest upon the third anniversary of the grant date. The market value of the performance shares to be issued upon the vesting of the performance share awards is approximately GBP 0.56 per share, as calculated by an independent, specialist service provider. The performance share awards will vest on the third anniversary of the grant date, and the number of performance shares to be issued will be determined against two performance measures which will be applied annually: (i) absolute total shareholder return as measured on a target share price plus dividend, weighted at 30%, and (ii) relative total shareholder return as measured against agreed peer companies, weighted at 70%.

The market value of the restricted shares to be issued upon the vesting of the restricted share awards is approximately GBP 0.40 per share as calculated by an independent, specialist service provider, and the restricted share award will vest on the third anniversary of the grant date. The restricted share award was elected to be taken by the recipient in lieu of a salary increase to further the alignment of interests with shareholders.

The stock options, the performance share awards and the restricted share awards were granted in accordance with the terms of the Company's stock option plan, performance share plan and restricted share plan respectively, each of which have been approved by the Company's shareholders. As the Company transitions away from its historical North American model to a remuneration approach more aligned with current practice in the UK, this will be the last grant of stock options for which the non executive directors will be recipients.

Certain persons discharging managerial responsibilities ("PDMR") were recipients of stock options as detailed below.

PDMR

Position

Number

A. Paul Blakeley

Executive Director, President and Chief Executive Officer

1,290,000

Daniel Young

Executive Director and Chief Financial Officer

700,000

Dennis McShane

Non-Executive Director, Chairman

75,000

Robert A. Lambert

Non-Executive Director, Deputy Chairman

50,000

Iain McLaren

Non-Executive Director

50,000

Cedric Fontenit

Non-Executive Director

50,000

David Neuhauser

Non-Executive Director

50,000

Lisa A. Stewart

Non-Executive Director

50,000

Certain PDMRs were recipients of performance share awards and/or restricted share awards as detailed below.

PDMR

Position

Performance Share Award Number

Restricted Share Award Number

A. Paul Blakeley

Executive Director, President and Chief Executive Officer

155,000

101,063

Daniel Young

Executive Director and Chief Financial Officer

80,000

N/A

– Ends –

Jadestone Energy Inc.

+65 6324 0359 (Singapore)

Paul Blakeley, President and CEO

+1 403 975 6752 (Canada)

Dan Young, CFO

+44 7392 940 495

Robin Martin, Investor Relations Manager

ir@jadestone-energy.com

Stifel Nicolaus Europe Limited (Nomad, Joint Broker)

+44 (0) 20 7710 7600 (UK)

Callum Stewart

Simon Mensley

Ashton Clanfield

BMO Capital Markets Limited (Joint Broker)

+44 (0) 20 7236 1010 (UK)

Thomas Rider

Jeremy Low

Thomas Hughes

Camarco (Public Relations Advisor)

+44 (0) 203 757 4980 (UK)

Billy Clegg

jadestone@camarco.co.uk

James Crothers

About Jadestone Energy Inc.

Jadestone Energy Inc. is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Vietnam and the Philippines.

The Company has a 100% operated working interest in the Stag oilfield and the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam and is partnered with Total in the Philippines where it holds a 25% working interest in the SC56 exploration block. In addition, the Company has executed a sale and purchase agreement to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand, and anticipates completing the transaction in H2 2020, upon receipt of customary approvals.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets throughout the Asia-Pacific region.

Jadestone Energy Inc. is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. Upon publication of this announcement, this inside information is now considered to be in the public domain.
 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

A. Paul Blakeley

2.

Reason for the notification

(a)

Position/status:

Executive Director, President and Chief Executive Officer

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options and awards

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

1,290,000

0.44

Performance share award

155,000

Nil

Restricted share award

101,063

Nil

(d)

Aggregated information:
– Aggregated volume:
– Price:

1,546,063
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Daniel Young

2.

Reason for the notification

(a)

Position/status:

Executive Director and Chief Financial Officer

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options and awards

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

700,000

0.44

Performance share award

80,000

Nil

(d)

Aggregated information:
– Aggregated volume:
– Price:

780,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Dennis McShane

2.

Reason for the notification

(a)

Position/status:

Non-Executive Director, Chairman

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

75,000

0.44

(d)

Aggregated information:
– Aggregated volume:
– Price:

75,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Robert A. Lambert

2.

Reason for the notification

(a)

Position/status:

Non-Executive Director, Deputy Chairman

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

50,000

0.44

(d)

Aggregated information:
– Aggregated volume:
– Price:

50,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Iain McLaren

2.

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

50,000

0.44

(d)

Aggregated information:
– Aggregated volume:
– Price:

50,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Cedric Fontenit

2.

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

50,000

0.44

(d)

Aggregated information:
– Aggregated volume:
– Price:

50,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

David Neuhauser

2.

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

50,000

0.44

(d)

Aggregated information:
– Aggregated volume:
– Price:

50,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name:

Lisa A. Stewart

2.

Reason for the notification

(a)

Position/status:

Non-Executive Director

(b)

Initial notification/ amendment:

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

Instrument

Volume

Exercise price (GBP)

Incentive stock option

50,000

0.44

(d)

Aggregated information:
– Aggregated volume:
– Price:

50,000
Exercise price: GBP 0.44

(e)

Date of the transaction:

April 27, 2020

(f)

Place of the transaction:

Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Jadestone Energy Inc.

ReleaseID: 587540