Fintech PR
VitalHub Corp. Announces Closing of Bought Deal Offering
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Toronto, Ontario–(Newsfile Corp. – March 17, 2020) – Vitalhub Corp. (TSXV: VHI) (the “Company” or “Vitalhub“) is pleased to announce it has closed its previously announced bought deal offering pursuant to a press release dated February 21, 2020. A total of 8,506,300 common shares of Vitalhub (the “Common Shares“) were sold at a price of $1.80 per Common Share for total gross proceeds of approximately $15.3 million (the “Offering“). The Offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and including Beacon Securities Limited and Canaccord Genuity Corp. (collectively, the “Underwriters“). The Offering included 1,006,300 Common Shares issued pursuant to the exercise of a portion of the over-allotment option granted to the Underwriters. The Common Shares were qualified for distribution by a short form prospectus in the provinces of Ontario, British Columbia and Alberta.
In connection with the Offering, the Company paid the Underwriters a cash commission of $839,363.40 and issued to the Underwriters 228,750 broker warrants (the “Broker Warrants“). Each Broker Warrant entitles the Underwriters to purchase a Common Share at an exercise price of $2.10 until March 17, 2022.
The net proceeds of the Offering will be used for growth initiatives, working capital and general corporate purposes. The Company’s growth initiative is focused on the acquisition of third-party enterprises in the health care industry which provide synergistic opportunities for the Company.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT VITALHUB CORP.
VitalHub develops mission-critical technology solutions for Health and Human Services providers in the Mental Health (Child through Adult), Long Term Care, Community Health Service, Home Health, Social Service and Acute Care sectors. VitalHub technologies include Blockchain, Mobile, Patient Flow, Web-Based Assessment and Electronic Health Record solutions.
The Company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing an aggressive M&A plan. Currently, VitalHub serves 200+ clients across North America. VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Company is publicly traded on the TSX Venture Exchange under the symbol “VHI”.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release may constitute “forward-looking information” or “financial outlook” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or financial outlook. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of each entity and are based on assumptions and subject to risks and uncertainties. Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT INFORMATION
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53522
Fintech PR
Vantage Markets Emerges as Top-ranked Broker across Multiple Categories in Investing.com’s Recent Performance Test during the US Election Period
PORT VILA, Vanuatu, Nov. 14, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”), an award-winning multi-asset broker, has once again solidified its reputation for excellence, outperforming competitors across multiple key categories in Investing.com’s latest brokerage test.
Investing.com, one of the world’s leading financial publishers, provides real-time financial news, analysis, and data, serving over 60 million monthly users across global markets. Its brokerage tests are highly regarded in the industry, offering comprehensive insights into broker performance based on rigorous evaluation criteria.
In this latest assessment, the test evaluated multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, large order cost, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections—with test data focused on the product movement of Gold (XAUUSD).
Leverage
Vantage excelled in providing flexible, highly competitive leverage of up to 1:2000 (in selected regions), granting traders access to powerful financial instruments with a range of options tailored to their trading needs. This balance of flexibility and control is essential to Vantage’s philosophy of empowering traders with tools that support intelligent risk management.
Spread Value and Spread Stability
Based on ECN account data, the test highlighted Vantage’s exceptionally low spread values at 9.1 as compared to other brokers, offering traders cost-effective access to the markets. Furthermore, spread stability consistently held within a range of 8-9 points, a critical factor during market turbulence. This stability reflects Vantage’s robust infrastructure and dedication to providing reliable trading conditions regardless of market fluctuations.
No-Slippage Rate
Vantage demonstrated an unmatched 79% no-slippage execution rate on STP accounts, showcasing its ability to minimise the disparity between requested and executed prices. By reducing unexpected deviations, Vantage ensures that traders’ strategies remain intact without unexpected deviations, enhancing trust and transparency in trade execution.
Market Depth
In a rigorous test of order placements during high-volatility news events, Vantage exhibited unparalleled market depth, handling large lot sizes with minimal slippage. This level of market depth and stability reflects the strength of Vantage’s liquidity network, providing traders with a seamless experience even during peak market activity.
Large Order Cost
During the high-volatility US Election period, Vantage excelled with a larger order cost of -26.6, offering competitive pricing and minimising trading expenses for large transactions. This is at the back of Vantage’s commitment to ensure that traders enjoy cost-efficiency even in dynamic and fast-moving markets.
Swap Competitiveness
Vantage continues to deliver value with industry-leading swap rates, offering -30.8 for long positions and 22 for short positions. Known for offering some of the industry’s best swap rates, Vantage ranks highly with advantageous rates on both sides of the market, providing traders added value, especially for long-term positions.
The recognition by Investing.com is a true testament to Vantage’s drive for excellence and reinforces its position as a leader in the global trading landscape. For traders across the world, these results are not only a reflection of Vantage’s superior trading conditions but also a promise of its unwavering commitment to fostering a high-performance trading environment.
Geraldine Goh, Chief Marketing Officer at Vantage said, “At Vantage, stability, precision execution, and robust anti-slippage measures set us apart. Especially during volatile trading conditions, our commitment to reliability and superior performance ensures that our clients experience the best trading environment, standing strong when it matters most.”
For more information, visit Vantage’s Media Centre: https://www.vantagemarkets.com/about/media-centre/
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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Fintech PR
CKGSB Professor Neng Wang Co-Authored Paper on Government Debt with Nobel Laureate Thomas J. Sargent Among Others
BEIJING, Nov. 14, 2024 /PRNewswire/ — Professor Neng Wang, Dean’s Distinguished Chair Professor of Finance and Senior Associate Dean at Cheung Kong Graduate School of Business (CKGSB), recently co-authored a paper with Nobel laureate Thomas J. Sargent, among others, published in PNAS entitled “Managing Government Debt“. PNAS, or the Proceedings of the National Academy of Sciences, is the journal of the US National Academy of Sciences, often known as one of the three most prestigious general-science journals alongside Nature and Science.
The paper works out a new stochastic model of tax rates and debt/GDP framework for governments to improve fiscal management in uncertain times.
A low debt-to-GDP ratio signals a country is producing more than it owes, placing it on a strong financial footing, whereas a high ratio imperils public services and asset transfer between rich and poor, as a government is pushed to tax more and spend less. The authors extended Barro’s model with the risks and opportunities parameters and argue that a government should keep its debt-GDP ratio stable and adopt a stable tax rate that can finance a certain amount of its surplus to GDP. They found that by buying or selling Shiller GDP-linked securities, a government can hedge its primary surplus risk, get risk-free debt, stabilize its debt-to-GDP ratio and keep tax rates level, hence becoming more financially sustainable.
The study offers guidance for finance ministers and the economists behind them to manage government debt with a sustainable mindset, as governments struggle with public spending caps in a post-COVID crisis era.
This paper is co-authored by Neng Wang, CKGSB Dean’s Distinguished Chair Professor of Finance; Thomas J. Sargent, Nobel Prize winner in Economics, Professor of Economics at New York University and Senior Fellow at the Hoover Institution at Stanford University; Professor Wei Jiang of the Department of Industrial Engineering and Decision Analytics at the Hong Kong University of Science and Technology; and Professor Jinqiang Yang of the School of Finance at Shanghai University of Finance and Economics.
A follow-up study, already accepted by the Journal of Finance, entitled “A p Theory of Taxes and Debt Management”, sees Professor Neng Wang and his co-authors, further exploring the factors that determine the maximal sustainable government debt-to-GDP ratio by showing what happens if there is a debt default.
View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-professor-neng-wang-co-authored-paper-on-government-debt-with-nobel-laureate-thomas-j-sargent-among-others-302305276.html
SAO PAULO, Nov. 14, 2024 /PRNewswire/ — Themed “Development and Revitalization: A New Journey for the Global South,” the inaugural Global South Media and Think Tank Forum was held here from Monday to Tuesday.
Congratulatory messages from Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva were read out at the forum.
The organizers of the forum said both President Xi and President Lula issued new important guidelines on the development of the Global South. The Global South is gaining momentum and becoming an indispensable and constructive force in the international community.
The forum is being held against the backdrop of the upcoming 19th G20 Summit in Brazil this month. Various media outlets and think tanks are expected to jointly amplify the voice of the Global South regarding upholding peace, opening up and development, global governance, and mutual learning among civilizations. They should demonstrate the responsibilities of the Global South, unite efforts for modernization of Global South nations, and jointly promote the building of a community with a shared future for mankind.
Among the guests of the forum are Dima Al-Khatib, director of the United Nations Office for South-South Cooperation, Yeidckol Polevnsky Gurwitz, chair of the Asia-Pacific Foreign Relations Committee of the Mexican Senate and Muhammad Ali Ali, managing director of News Agency of Nigeria. The guests asserted that the Global South is experiencing significant development, greatly impacting the trajectory of world history.
They hoped that the media and think tanks of the Global South will prioritize development and cooperation and promote global governance reform guided by the principles of fairness, justice, openness and inclusiveness. The guests called for all parties involved to collaborate to boost the new development of the Global South, create a new chapter of mutual learning among civilizations, and meet the new challenges of the all-media era.
During the opening ceremony, the Global South Media News Network was launched. The Sao Paulo Declaration of the Global South Media and Think Tank Forum, the think tank report “A New Model for Human Advancement and Its Global Significance” and multilingual versions of the report “Awakening of the Global South” were also released.
Guided by China’s State Council Information Office and jointly organized by Xinhua News Agency and Brazil Communication Company, the forum drew around 350 representatives from 170 media organizations, think tanks, government agencies, and enterprises from more than 70 countries and regions.
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View original content:https://www.prnewswire.co.uk/news-releases/inaugural-global-south-media-and-think-tank-forum-held-in-brazil-302305235.html
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