ML Gold to Change Name to M3 Metals

Vancouver, British Columbia–(Newsfile Corp. – July 22, 2019) – ML Gold Corp. (TSXV: MLG) (FSE: X0VP) (“ML Gold” or the “Company”) is pleased to announce it will seek TSX Venture Exchange approval to change the name of the Company to M3 Metals Corp. which better reflects the Company’s diversified portfolio.

Kosta Tsoutsis, CEO of the Company stated, “We are excited to move forward with our massive, one-hundred percent owned, iron ore project in eastern Canada which has been significantly de-risked and seen over $35 million put into the ground. We believe the name M3 Metals will better reflect our focus on this valuable asset while still allowing us to continue moving the other projects in our portfolio forward.”

In accordance with current TSX-V policies, shareholder approval will not be required for the proposed name change. The name change has been approved by the Company’s board of directors. The effective date of the name change will be disclosed in a subsequent news release.

ABOUT ML GOLD CORP.

ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. You may also email info@mlgoldcorp.com or call investor relations at (604) 669-2279.

ML GOLD CORP.
“Adrian Smith”
Adrian Smith
President

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Sienna Resources Scheduled to Commence Drilling on Flagship Slattberg Nickel-Copper-Cobalt Project in Sweden in August

Vancouver, British Columbia–(Newsfile Corp. – July 22, 2019) – Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF) wishes to announce that a multi-hole drill program is scheduled to begin in August 2019 on Sienna’s flagship nickel, copper and cobalt Slättberg Project in Sweden.

Jason Gigliotti, President of Sienna states, “We are excited to be back drilling on our project. Nickel prices have been surging recently and a general overall optimism for junior mining is taking hold. The initial results of the 2018 drill program were encouraging but further target definition was required. Follow up EM surveys and new sampling has provided new multiple high priority drill targets, which we plan to test this summer. We look forward to a very active 2019 as we still have cash reserves to cover the planned drill program.”

Data gathered from the 2018 Slättberg drill program, in addition to downhole Electro-Magnetic surveys and modern sampling & geophysical work have provided multiple new high priority drill targets. This work program is fully funded by cash on hand.

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Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting nickel-copper-cobalt rich massive sulfide mineralization that occurs within a two kilometer belt of historic nickel-copper mines. The Project contains drill defined massive sulfide mineralization that extends to ~100 meters in depth, and remains open for expansion at depth and along strike. The Project is accessible year round, with nearby rail, power and 5 smelters in the Nordic region. At least 16 historic mines are located on the property, with historic operations dating back to the late 1800’s.

Mineralization at Slättberg is hosted by 1.8-1.9 Ga (Svecofennian) supracrustal rocks (metavolcanics and metasediments) located along the southwestern flank of a large gabbroic intrusive complex. The historic mines are positioned along an east-west trend of massive sulfide occurrences developed in and around a similarly oriented body of “leptite”. This is a local term used to describe rhyolitic/felsic tuffaceous rocks commonly associated with sulfide mineralization in Bergslagen. Mafic and ultramafic rocks also occur in and around the mine workings.

Sweden is at the forefront of an exploration and development boom in the mining industry. The country’s favorable business environment includes a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction. Sweden has a long history of mining, and is host to some of Europe’s largest active mines.

If you would like to be added to Sienna’s email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources.

Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com

“Jason Gigliotti”
President, Director
Sienna Resources Inc.

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 press release.

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Manganese X Energy Corp. Announces Quarterly Update

Montréal, Québec–(Newsfile Corp. – July 22, 2019) – Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (“Manganese X” or the “Company”) is pleased to present a quarterly review and update of our projects, goals and accomplishments. We are very encouraged and look forward moving forward on our projects listed below during the third quarter.


Kemetco Research Inc:

 As previously announced, Manganese X Energy in collaboration with Kemetco Research Inc. was able to produce manganese sulfate with a purity exceeding 99.6% and with very low levels of base and alkali metals. The Company and Kemetco Research Inc. are moving forward with the purification process and are currently outlining the next phase of the project aimed at producing high-purity (>99.9%) battery-grade manganese compounds for use in different types of battery chemistries (e.g. Li-ion and alkaline).We look forward in accelerating our Kemetco Research Inc. project in August due to previous scheduling commitments by Kemetco Research Inc.

Disruptive Battery Corp.

Manganese X has formed a standalone subsidiary within the parent company called Disruptive Battery Corp for the purposes of accelerating a manganese thesis as it relates to fuel cells. With the intent to advance the movement of manganese for greener power production and penetrating the EV market. Our intentions are to network and promote a manganese based solution for lithium- ion batteries. Manganese X is assessing potential participation, or possible partnership in business and academia and are pursuing various opportunities

Battery Hill Property (New Brunswick):

We are planning a fall drill program to complete a NI-43-101 resource estimate with the intention of upgrading our current classification of mineralization. The program will focus on near surface, higher grade areas of the deposit such as the Moody Hill sector

Mountain Spring Oil and Gas Limited (MSOG):

Having been advised of an extension to July 11 in acquiring their anticipated oil and gas property located in Western Canada, Manganese is awaiting news from MSOG.

This established cash bearing oil and gas property located in Western Canada has complete infrastructure on all of the existing and future production and is under a closed production contract. Manganese X presently owns 15 % of MSOG and has an option of increasing ownership with an additional 10% interest, upon MSOG completing its current acquisition and with Manganese X board approval.

The Company’s strategy is to leverage the potential cash flow from dividends generated by its interest in MSOG’s oil and gas production wells, to advance the Battery Hill manganese, Peter Lake copper-nickel-cobalt and Lac Aux Bouleaux (LAB) Graphite projects, as well as other potential opportunities.

Peter Lake Copper Nickel Project (Quebec):

We are pleased to announce the completion of an extensive exploration program which started May 15th. We have just completed evaluating priority surface anomalies (induced polarization (IP), copper-nickel-cobalt soil anomalies and indicated extensions of the known North and South occurrences) through detailed prospecting and geologic surveys in which several drill targets have been identified. We have applied for permits and upon acceptance of permits we will proceed with trenching and dynamiting. This initial work will be quickly followed by a significant drill program,(if results are positive)

Lac Aux Bouleaux (LAB) Graphite Property (Québec):

On July 11th 2019 Manganese X announced that it has entered into an agreement to acquire 100% beneficial interest in Lac Aux Bouleax Graphite property (LAB Graphite Property) in Quebec. The Property consists of 14 mineral claims in one contiguous block totaling 738.12 hectares near the town of Mont-Laurier, on NTS 31J05 in southern Québec. The transaction is subject to TSX approval.

Strategic Location

The LAB Graphite Property lies contiguous to the south of TIMCAL’s Lac des Iles graphite mine in Quebec which has the production capacity of 25,000 tonnes of graphite annually. There are several graphite showings and past producing mines in its vicinity. Graphite is commonly found in the Grenville Province rocks throughout this region and has been commercially mined from a number of deposits located between Mount Laurier in the north to the Ottawa River in the south. The Company has completed an updated NI 43-101 technical report July 8th 2019 which describes historical exploration work on the property and will be filed on Sedar. Manganese X intends to begin an exploration program or possible JV within the next couple of months (details to follow)

The preparation of the technical information in this news release of Battery Hill, Peter Lake Cu-Ni-Co ,Lac Aux Bouleaux (LAB) Graphite Property and update of the Kemetco Research Inc metallurgical project has been reviewed and approved by Roger Dahn, P. Geo. Roger Dahn is a Qualified Person as defined by National Instrument 43-101.

Manganese’s X mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition our company is striving to achieve new methodologies emanating from environmentally geographically ethical and friendly green/zero emissions, while processing manganese.at a lower competitive cost For more information visit the website at www.manganesexenergycorp.com.

On behalf of the Board of Directors of

MANGANESE X ENERGY CORP.

Martin Kepman
CEO and Director
Email: martin@kepman.com
Tel: 1-514-802-1814

Cautionary Note Regarding 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.

This news release contains “forward-looking information” including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company’s filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46410

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PreveCeutical Named in Lawsuit

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2019) – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) (the “Company” or “PreveCeutical”), announces that it has been named as a defendant in a lawsuit commenced in the Supreme Court of British Columbia (the “Claim“) on July 11, 2019 (Tietz and Loewen v. Bridgemark Financial Corp. et al.). The Claim was brought under the British Columbia Class Proceedings Act and alleges certain misrepresentations in connection with various private placements conducted by the defendants. The plaintiffs are seeking an unspecified amount of damages for claims arising from alleged misrepresentations regarding, in respect of the Company, the Company’s disclosure of its June 2018 private placement.

The transactions which are the subject of the Claim are also currently being investigated by the British Columbia Securities Commission, as described in the news release of the Company dated November 28, 2018. The Company intends to vigorously defend the Claim, and has already taken legal action against certain of the other defendants named in the Claim.

On December 17, 2018, the Company filed a Notice of Civil Claim with the Supreme Court of British Columbia (the “Notice of Civil Claim“) against certain of the defendants named in the Claim, namely, Aly Babu Mawji, Justin Liu, BridgeMark Financial Corp., Rockshore Advisors Ltd. (formerly known as, Cam Paddock Enterprises Inc.), Detona Capital Corp., Escher Invest SA, Essos Corporate Services Inc., Jarman Capital Inc., JCN Capital Corp., Kendl Capital Limited, Lukor Capital, Northwest Marketing and Management Inc., Sway Capital Corp. and Tryton Financial Corp. (collectively, the “BridgeMark Group“).

In the Notice of Civil Claim, PreveCeutical claims against the BridgeMark Group for fraudulent misrepresentation, breach of contract, conspiracy, unjust enrichment and breach of duty of honest performance in connection with consulting agreements (the “Consulting Agreements“) and subscription agreements (the “Subscription Agreements“) entered into between PreveCeutical and certain members of the BridgeMark Group.

The relief sought by PreveCeutical in the Notice of Civil Claim includes, rescission of the Consulting Agreements as well as the Subscription Agreements; all necessary actions to effect such rescission, including an order that the relevant members of the BridgeMark Group return the securities issued to them by PreveCeutical under the Subscription Agreements and refund the consulting fees paid to them by PreveCeutical under the Consulting Agreements, as well as damages, costs, and pre and post judgement interest.

To date, PreveCeutical has obtained default judgment against three members of the BridgeMark Group: Essos Corporate Services Inc., Detona Capital Corp. and JCN Capital Corp. The amount of damages and costs to be awarded to the Company against the three members remains to be assessed by the court. The Company is continuing to pursue its claims against the other members of the BridgeMark Group.

About PreveCeutical

PreveCeutical is a health sciences company that develops innovative options for preventive and curative therapies utilising organic and nature identical products.

PreveCeutical aims to be a leader in preventive health sciences and currently has five research and development programs, including: dual gene therapy for curative and prevention therapies for diabetes and obesity; the Sol-gel Program; Nature Identical peptides for treatment of various ailments; non-addictive analgesic peptides as a replacement to the highly addictive analgesics such as morphine, fentanyl and oxycodone; and a therapeutic product for treating athletes who suffer from concussions (mild traumatic brain injury).

For more information about PreveCeutical, please visit www.PreveCeutical.com, follow us on Twitter: http://twitter.com/PreveCeuticals and Facebook: www.facebook.com/PreveCeutical.

On Behalf of the Board of Directors

“Dr. Makarand (Mak) Jawadekar”
President & Chief Science Officer

For further information, please contact:

Deanna Kress
Director of Corporate Communications & Investor Relations
+1-778-999-6063
deanna@PreveCeutical.com

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, statements regarding the Claim and the Company’s claims against the BridgeMark Group, the Company’s anticipated business plans and its prospect of success in executing its proposed plans. Often, but not always, forward-looking statements can be identified by words such as “plans”, “expects”, “may”, “will”, “intends”, “anticipates”, “believes”, “proposes” or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward looking statements are based on certain assumptions regarding the Company, including that the Company’s claims against the BridgeMark Group will result in a judgement in favour of the Company against the BridgeMark Group and that the Company will be able to obtain the relief sought in the Notice of Civil Claim and successfully defend the Claim. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, risks and uncertainties relating to the Company’s claims against the BridgeMark Group and the Claim and the inability of the Company, to, among other things, enforce a judgment against the BridgeMark Group, obtain any required governmental, regulatory or stock exchange approvals, permits, consents or authorizations required, including Canadian Securities Exchange acceptance of any planned future activities, complete its research programs as planned and obtain the financing required to carry out its planned future activities. Other factors such as general economic, market or business conditions or changes in laws, regulations and policies affecting the biotechnology, pharmaceutical or cannabis industry, may also adversely affect the future results or performance of the Company. These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. Although the Company believes that the statements, beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that those statements, beliefs, plans, expectations, or intentions will prove to be accurate. Readers should consider all of the information set forth herein and should also refer to other periodic reports provided by the Company from time-to-time. These reports and the Company’s filings are available at www.sedar.com.

Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46404

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Must Capital Announces Results of Annual and Special Meeting of Shareholders

Toronto, Ontario–(Newsfile Corp. – July 19, 2019) – Must Capital Inc. (TSXV: MUST.H) (the “Company“) is pleased to announce the results of its annual and special meeting of shareholders that was held on July 19, 2019 (the “Shareholders Meeting“). The following items of business were approved by shareholders at the Shareholders Meeting: (a) the election of each of Michele (Mike) Marrandino, Vikas Ranjan, Bradley Scharfe, and Keith Kerr to the Company’s board of directors, to hold office until the Company’s next annual meeting of shareholders (b) the appointment of Davidson & Company LLP as the Company’s auditors, to hold office until the Company’s next annual meeting of shareholders.

Disinterested shareholders also approved the settlement of $483,425.63 of indebtedness (the “Debt Settlement“) owed to companies controlled by certain officers and directors of the Company in exchange for an aggregate of 6,138,738 common shares of the Company at a deemed price of $0.07875 per common share.

All securities issued in connection with the Debt Settlement are subject to a hold period of four months plus a day in accordance with Canadian securities laws.

As certain insiders participated in the Debt Settlement, it may be considered a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“) and the TSX Venture Exchange (“TSXV“). The Company is relying on the exemption from the formal valuation requirement of MI 61-101 contained in Section 5.5(g) on the basis that the Company is insolvent or in serious financial difficulty and the transaction is designed to improve the financial position of the Company.

The Debt Settlement remains subject to the final approval of the TSXV.

For further information contact:

Must Capital Inc.
Michele (Mike) Marrandino
President and Chief Executive Officer
Telephone #: (604) 722-5225

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, including the closing of the transactions contemplated herein, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information, including the Company receiving final approval of the transactions from the TSXV. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

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.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46403

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Alpha Peak Announces Distribution of $0.075 per Common Share and Anticipated Completion Date of Sale of Shares of Total Wonder Enterprises Limited

Richmond, British Columbia–(Newsfile Corp. – July 19, 2019) – Alpha Peak Leisure Inc. (TSXV: AAP) (“Alpha Peak” or the “Company“) announced today that its Board of Directors has declared a distribution (the “Distribution“) of C$0.075 per common share (a “Common Share“) not subject to conditions, payable on July 31, 2019 (the “Distribution Payment Date“) to holders of record as at the close of business on July 29, 2019 (the “Distribution Record Date“). The Distribution will be a one-time, cash distribution by way of a return of capital (the “Return of Capital“). On or about the Distribution Payment Date, the Company intends to complete the sale (the “TWEL Sale“) of all of the outstanding shares of its wholly-owned subsidiary, Total Wonder Enterprises Limited (“TWEL“). Particulars of the Return of Capital and TWEL Sale are set out in the Company’s management information circular dated December 21, 2018 and information about shareholder approval of those matters is set out in the Company’s press release dated January 24, 2019.

The Common Shares will trade with due bills. Accordingly, shareholders who sell their Common Shares between the commencement of trading on July 26, 2019 through the close of trading on July 31, 2019, will have sold their Common Shares with the right to receive $0.075 per Common Share pursuant to the Distribution. At the commencement of trading on August 1, 2019, the Common Shares will resume regular trading without any “due bill” entitlement, reflecting that the Distribution Payment Date has occurred. The redemption date will be August 2, 2019.

Neither the Distribution nor the TWEL Sale will affect any shareholder’s ownership of the Common Shares. Following completion of the Distribution and TWEL Sale, the Company will remain a reporting issuer in the Provinces of British Columbia and Alberta. The Company will be a “shell” company with no material assets (other than some cash) or liabilities and no active business. The Company understands that the Common Shares will have to be transferred to the NEX board of the TSX-V. TWEL will be owned exclusively by its purchasers and will continue to conduct is business as a private company.

Other Information About the Distribution

The $0.075 amount of the Distribution exceeded 25% of the market price of the Common Shares on each of the last date on which the Common Shares traded prior to the date hereof, on the date on which the Company’s Board of Directors declared the Distribution and the date hereof. The Distribution Payment Date and Distribution Record Date are each “firm” dates for the purposes of Policy 3.2 of the TSX-V.

For more information, please contact:

Jin Huang, Corporate Secretary
Telephone: (86) 1376173979
Email: jin.huang@alphapeak.ca

Forward-Looking Information

Except for statements of historical fact contained herein, information in this press release may constitute “forward-looking information” within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are “forward-looking statements”, including with respect to the receipt of regulatory and other approvals, the satisfaction of conditions precedent to closing of the Transaction on the terms described or at all, as well as the financial condition and status of Alpha Peak after the Transaction. There can be no assurance that such statements will prove accurate. Capitalized terms used and not otherwise defined herein have the meanings given to them in the management information circular dated December 21, 2018 (“Circular“).

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Alpha Peak in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, including, without limitation, the risk factors set out in the Circular, and undue reliance should not be placed on such statements and information. Except as otherwise required by applicable law, Alpha Peak expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46398

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Cypherpunk Holdings Adopts New By-Law

Toronto, Ontario–(Newsfile Corp. – July 19, 2019) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) announces that the board of directors of the Company has adopted a new general By-Law No. 1 (“General By-Law“) relating to general corporate matters, which repeals and replaces the Company’s existing general corporate by-law.

The General By-Law is designed to ensure that the Company’s general by-law is consistent with applicable corporate law and evolved corporate governance practices, and also to facilitate orderly and efficient shareholder meetings. To this end, the General By-Law includes provisions (the “Advance Notice Provisions“) that establish a framework for advance notice of nominations of directors by shareholders of the Company in connection with shareholder meetings.

Among other things, the Advance Notice Provisions fix a deadline by which holders of record or beneficial holders of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and set forth the information that shareholders must include in the notice to the Company. In the case of an annual meeting of shareholders, notice to the Company must generally be provided not less than 30 days and not more than 65 days prior to the date of the annual meeting. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be provided no later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The General By-Law is effective as of July 18, 2019 and will be placed before shareholders for confirmation at the next annual and special meeting of shareholders of the Company, which is scheduled to be held on September 4, 2019. According to the provisions of the Business Corporations Act (Ontario), the General By-Law will cease to be effective unless it is confirmed by a resolution adopted by a majority of the votes cast, in person or by proxy, at the meeting.

The full text of the General By-Law is available under the Company’s profile at www.sedar.com.

About Cypherpunk

Cypherpunk Holdings Inc. is a vehicle set up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. The stated mission of Cypherpunk Holdings is “to become the world’s leading privacy-focused investment vehicle.”

More details, and the latest company presentation, can be found at the company website: https://cypherpunkholdings.com/

Investor Relations Contact:
Marc Henderson,
Interim President and Chief Executive Officer, Cypherpunk Holdings Inc.,
Office: 416.599.8547

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the matters that come before the Company’s shareholder meeting. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46393

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