Rheingold Exploration Re-Announces Financing

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2017) – Rheingold Exploration Corp. (CSE: RGE) (“Rheingold” or the “Company”) – Further to the Company’s news release of May 16, 2017, the Company wishes to re-announce a non-brokered private placement equity financing under which it intends to issue up to 5,000,000 units at a price of $0.26 per unit for gross proceeds of up to $1,300,000. Each unit will be comprised of one common share of the Company and one common share purchase warrant exercisable for two years for an additional share at a price of $0.52. If the Company’s common shares trade at or above $1.25 per share for 20 consecutive trading days, then the expiry date of the warrants will be accelerated to the date which is 10 days after such 20 consecutive trading days. The securities to be issued under the financing will be subject to a four month hold period. There is no minimum offering amount.

The Company intends to pay commissions or finder’s fees on a portion of the capital raised through this private placement, finders’ fees may be payable in common shares of the Company at the discretion and approval of the Company in accordance with the rules and policies of the Canadian Securities Exchange. The financing is subject to applicable securities laws and regulatory approval.

The Company intends to use the proceeds of the financing for general working capital and the project costs related to the Property.

The Company also announced the appointment of Logan Anderson as President and CEO of the Company replacing Paul Pedersen, who is stepping down to pursue other interests. Mr. Pedersen will remain as a director of the Company. Rheingold Exploration wishes to thank Mr. Pedersen for his contributions and his dedicated service as President and CEO since the Company’s inception in 2010.

In addition, The Company has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to 1,200,000 common shares of the Company at a price of $0.33 per common share. The stock purchase options are exercisable on or before June 30, 2022. The options vest under various terms.

The stock options are being granted pursuant to the terms of the Company’s stock option plan and are subject to regulatory approval.

About Rheingold Exploration Corp.

Rheingold is a Vancouver-based exploration company currently focused on the exploration and development of its Pattullo Project located in the Rainy River district of Northwestern Ontario. For more information, please visit http://ift.tt/2mxrM64.

ON BEHALF OF THE BOARD

“Logan Anderson”

Logan Anderson, CEO
(604) 616-6754

Forward-looking statements

This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

THE CSE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

from Newsfile Corp News Releases http://ift.tt/2tvwpFd

Advertisements

iCo Therapeutics Announces Election of Directors

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2017) – iCo Therapeutics Inc. (TSXV: ICO) (OTCQB: ICOTF) (“iCo” or “the Company”), today announced the election of directors at the annual meeting of shareholders held on June 29, 2017. At the annual meeting of shareholders held on June 29, 2017, Andrew Rae, Susan Koppy, Wiiliam Jarosz and Michael Liggett were elected directors of the Company and will hold office until the next annual general meeting of shareholders.

About iCo Therapeutics

iCo Therapeutics identifies existing development stage assets for use in underserved ocular and infectious diseases. Such assets may exhibit utility in non-ophthalmic conditions outside the Company’s core focus areas and if so the Company will seek to capture further value via partnerships, such as its partnership with Immune Pharmaceuticals, which is in several Phase 2 studies involving iCo-008. iCo shares trade on the TSX Venture Exchange under the symbol “ICO” and on the OTCQB under the symbol “ICOTF”.

For more information, visit the Company website at: http://ift.tt/1jm6SD0.

No regulatory authority has approved or disapproved the content of this press release. Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

Certain statements included in this press release may be considered “forward-looking information” within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on iCo’s current beliefs as well as assumptions made by and information currently available to iCo and relate to, among other things, anticipated financial performance, business prospects, strategies, regulatory developments, market acceptance and future commitments. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based only on information currently available to iCo and speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by iCo in its public securities filings and on its website, actual events may differ materially from current expectations. iCo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Andrew Rae
Chief Executive Officer
iCo Therapeutics Inc.
rae@icotherapeutics.com
1-778-772-7775 (c)

from Newsfile Corp News Releases http://ift.tt/2u7UY8N

Lupaka Gold Announces Closing of Bridge Loan Financing

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2017) – Lupaka Gold Corp (TSXV: LPK) (FSE: LQP) (“Lupaka Gold” or the “Company”) is pleased to announce that on June 30, 2017 it has closed the Bridge Loan Financing (the “Loan”) previously announced on June 22, 2017, with a group of third-party individuals and Gordon Ellis (CEO) and Stephen Silbernagel (Director), who are Company Insiders (collectively, the “Lenders“), pursuant to which the Company has agreed to borrow a total of C$600,000 (the “Loan“).

The proceeds will be used for the payment of concession fees, advancement of the Company’s mineral properties and for general working capital purposes. The Loan is unsecured and will bear simple interest at the rate of twelve percent (12%) per annum. The Loan and accrued and unpaid interest shall be repaid in full on or before three months after the Borrower receives any additional and/or new financing of at least $4.0 million or the date that is six months after the closing date, whichever is the earlier.

The Company has agreed to issue to the Lenders a total of 4,000,000 non-transferrable warrants, such number being equal to the amount of the Loan divided by $0.15. Each warrant will entitle the holder to purchase one common share of the Company at a price of C$0.15 per share for a period of one year following the closing date. The warrants and any shares issued pursuant to the exercise of the warrants will be subject to a statutory hold period under Canadian securities laws expiring four months and a day after the closing date.

Gordon Ellis is a director and officer; Stephen Silbernagel is a director of the Company and their participation in the Loan is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves such persons, will exceed 25% of the Company’s market capitalization.

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

About Lupaka Gold

Lupaka Gold is a Peru-focused gold explorer and developer with geographic diversification and balance through its interests in asset-based resource projects spread across three regions of Peru.

FOR FURTHER INFORMATION PLEASE CONTACT:
Gordon L. Ellis, C.E.O.
+1 (604) 681-5900
or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

from Newsfile Corp News Releases http://ift.tt/2tv6MUV

Eurotin Files Annual Financial Statements

Toronto, Ontario–(Newsfile Corp. – June 30, 2017) – Eurotin Inc. (TSXV: TIN) (“Eurotin” or the “Company“), is pleased to announce that it has filed its annual audited financial statements and related management’s discussion and analysis for the fiscal year ended March 31, 2017. Both are available on SEDAR at www.sedar.com.

For further information please contact:

Eurotin Inc.
Mark Wellings
CEO, President and Director
(416) 416-616-0345
www.eurotin.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.

from Newsfile Corp News Releases http://ift.tt/2saqC4m

IIROC Trade Resumption – TekModo Industries Inc.

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2017) – Trading resumes in:

Company:

TekModo Industries Inc.

TSX-V Symbol:

TEK

Resumption Time (ET):

08:00 July 4, 2017

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

from Newsfile Corp News Releases http://ift.tt/2ttvoxx.

IIROC Trade Resumption – Prime City One Capital Corp.

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2017) – Trading resumes in:

Company:

Prime City One Capital Corp.

TSX-V Symbol:

PMO.H

Resumption Time (ET):

08:00 July 4, 2017

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

from Newsfile Corp News Releases http://ift.tt/2tuObZh.

SEC Files Fraud Charges in Bitcoin and Office Space Investment Schemes

Washington DC–(Newsfile Corp. – June 30, 2017) – The Securities and Exchange Commission today filed fraud charges against the clandestine founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging that he bilked investors in both companies while hiding his connection given his checkered past with regulators in the U.K. 

The SEC alleges that Renwick Haddow, a U.K. citizen living in New York, created a broker-dealer and did not register the firm with the SEC as required under the federal securities laws.  Haddow allegedly used sales representatives to cold call potential investors and sell securities in Bitcoin Store Inc. and Bar Works Inc.

According to the SEC’s complaint, offering materials presented to investors in both companies touted the backgrounds of senior executives who do not appear to exist.  The materials also misrepresented other key facts about both companies’ operations.  Haddow allegedly diverted more than 80 percent of the in funds raised by the broker-dealer for the Bitcoin Store, and sent more than $4 million from the Bar Works bank accounts to one or more accounts in Mauritius and $1 million to one or more accounts in Morocco.

“As alleged in our complaint, Haddow created two trendy companies and misled investors into believing that highly-qualified executives were leading them to quick profitability.  In reality, Haddow controlled the companies from behind the scenes and they were far from profitable,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.

The SEC alleges that materials provided to Bitcoin Store investors claimed it was “an easy-to-use and secure way of holding and trading Bitcoin” and had generated several million dollars in gross sales.  In fact, the SEC alleges that Bitcoin Store has never had any operations nor generated the gross sales it touted.  In 2015, for example, Bitcoin Store’s bank accounts allegedly received less than $250,000 in incoming transfers, none of which appear to reflect revenue from customers.  According to the SEC’s complaint, the corporate address used for Bitcoin Store was Haddow’s residential address minus the apartment number.

According to the SEC’s complaint, Bar Works claimed to bring “real vibrancy to the flexible working scene by adding full-service workspaces to former bar and restaurant premises in central city locations.”  Bar Works primarily sold leases coupled with sub-leases that together functioned like investment notes.  The company also allegedly sold leases for more workspaces than actually existed in at least two locations.  Among false claims made to investors, who invested more than $37 million in the Bar Works scheme, were that a location was profitable within months of opening and that Bar Works had engaged an auditor. 

In a parallel action, the U.S. Attorney’s Office for the Southern District of New York today announced criminal charges against Haddow. 

The SEC’s complaint filed in federal district court in Manhattan charges Haddow, Bitcoin Store, Bar Works, and another Haddow-controlled company called Bar Works 7th Avenue, Inc. with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.  The complaint further alleges that Haddow is liable for aiding and abetting Bitcoin Store, Bar Works, and Bar Works 7th Avenue’s violations and as a control person for the registration violations of his brokerage firm InCrowd Equity Inc. 

The SEC has obtained an emergency asset freeze against all defendants and relief defendants in the case.

The SEC’s investigation is being conducted by Maureen P. King, Preethi Krishnamurthy, Neil Hendelman, and Sandeep Satwalekar.  The case is being supervised by Lara Shalov Mehraban.  The litigation will be handled by Ms. Krishnamurthy, Ms. King, and Christopher J. Dunnigan.  The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York and the Federal Bureau of Investigation.    

from Newsfile Corp News Releases http://ift.tt/2u7NLFS