Connect with us
Prague Gaming & TECH Summit 2024

Fintech

1246768 B.C. Ltd. Announces Proposed Acquisition of Nevada Properties from Waterton and Business Combination to Form Millennial Precious Metals Corp.

Published

on

Toronto, Ontario–(Newsfile Corp. – December 11, 2020) – 1246768 B.C. Ltd. (“768“) announced that it has agreed to complete a series of transactions with Millennial Silver Corp. (“Millennial Silver“) and Clover Nevada LLC (“Waterton“) that will result in 768 (to be named “Millennial Precious Metals Corp.” as discussed below) indirectly acquiring the Wildcat Property, the Mountain View Property, the Marr Property, the Ocelot Property, the Eden Property and the Dune Property located in Nevada (the “Nevada Properties“) and a lease and option to purchase the Red Canyon Property also located in Nevada (the “Red Canyon Property“). The proposed transactions will be effected through an asset purchase agreement dated December 11, 2020 (the “Asset Purchase Agreement“) and an amalgamation agreement dated December 11, 2020 (the “Amalgamation Agreement“). The transactions are conditional on Millennial Silver completing the Private Placement (as defined below) and the TSX Venture Exchange (“TSXV“) approving the listing of the post-Consolidation (as described below) common shares of 768 (“Resulting Issuer Shares“) and other customary conditions.

Amalgamation Agreement

The Amalgamation Agreement between 768 and Millennial Silver provides for, among other things, a three-cornered amalgamation (the “Amalgamation“) pursuant to which (i) Millennial Silver will amalgamate with a wholly-owned subsidiary of 768 incorporated pursuant to the provisions of the Canada Business Corporations Act, (ii) all of the outstanding common shares of Millennial Silver (each, a “Millennial Silver Share“) will be cancelled and, in consideration therefor, the holders thereof will receive Resulting Issuer Shares on the basis of one Millennial Silver Share for one Resulting Issuer Share (the “Exchange Ratio“), and (iii) the amalgamated corporation will become a wholly-owned subsidiary of 768. After giving effect to the Amalgamation, the shareholders of Millennial Silver will collectively exercise control over 768. Pursuant to the Amalgamation, all securities of Millennial convertible into Millennial Shares will cease to represent a right to acquire Millennial Shares and will provide for the right to acquire the same number of post-Consolidation Resulting Issuer Shares at the same exercise price per share, reflecting the Exchange Ratio.

Prior to completion of the Amalgamation, it is intended that 768 will effect a consolidation of the outstanding common shares of 768 on the basis of one post-consolidation share for every 1.5 pre-consolidation shares (the “Consolidation“) and change its name to “Millennial Precious Metals Corp.” or such other name as agreed to by 768 and Millennial Silver and accepted by the applicable regulatory authorities (the “Name Change“). Following completion of the Amalgamation, 768 is expected to continue under the Business Corporations Act (Ontario) (the “Continuance“).

Completion of the Amalgamation will be subject to certain conditions, including among others: (i) the requirement for Millennial Silver to obtain approval of at least 66⅔ percent of the votes cast by shareholders of Millennial Silver at a special meeting of shareholders of Millennial Silver; (ii) the requirement for 768 to obtain shareholder and/or director approval, as applicable, of the Consolidation, the Name Change and the Continuance (which will be evidenced by a unanimous written consent resolution); (iii) completion of the Private Placement (defined below); (iv) obtaining conditional approval of the TSXV to the listing of the Resulting Issuer Shares; and (v) other than the completion of the Amalgamation, the satisfaction or waiver of all other conditions precedent to the closing of the Asset Acquisition (defined below).

The Nevada Properties Acquisition

The Asset Purchase Agreement among 768, Millennial Silver and Waterton provides for the acquisition, prior to the completion of the Amalgamation, by an indirectly wholly-owned subsidiary of Millennial Silver of Waterton’s interest in the Nevada Properties (the “Asset Acquisition“, and together with the Amalgamation, the “Transactions“) in exchange for: (i) US$5,000,000 in cash on closing; (ii) that number of Millennial Silver Shares (the “Payment Shares“) at a deemed price of CAD$0.50 per share that is the greater of (x) 19.9% of the Resulting Issuer Shares on a non-diluted basis immediately following the completion of the Amalgamation and the Private Placement, and (y) that number of Millennial Silver Shares that Waterton (or its designee) would have received had it invested CAD$9,000,000 in the Private Placement; (iii) that number of warrants to purchase Millennial Silver Shares, if any, that Waterton would receive if it purchased the Payment Shares in the Private Placement, and (iv) contingent value rights pursuant to which Waterton will be entitled to receive an additional US$2,500,000 upon the earlier of the public announcement of a mineral resource at any of the Nevada Properties and the date that is 12 months following the date on which the first material permit for any of the Nevada Properties has been obtained (the “First Permit Date“), and another US$2,500,000 upon the earlier of the completion of a Preliminary Economic Assessment at any of the Nevada Properties and the date that is 24 months following the First Permit Date. Waterton will reserve to itself (or its designee) a 2.0% net smelter returns royalty on all minerals produced from each of the Marr Property, the Ocelot Property, the Eden Property and the Dune Property (each a “2.0% Royalty“) and a 0.5% net smelter returns royalty on all gold produced from each of the Wildcat Property and the Mountain View Property. Millennial Silver will have the right to buy-down one-half of each 2.0% Royalty for US$1,500,000. The Asset Acquisition is subject to a number of conditions, including conditions being satisfied to implement the Amalgamation, the completion of the Private Placement, and other customary conditions.

The Properties

Wildcat Property

Wildcat Property is located within the Hycroft mining district in Nevada, located 56 km from the town of Lovelock within Pershing County. The property can be accessed by a year-round road from Lovelock via State Route 48. The 9380 acres land package consists of 481 unpatented claims and 4 patented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Wildcat consists of gold dominated – volcanic and intrusive hosted low sulfidation epithermal veins and disseminated oxide and sulphide mineralization. Wildcat has a historical resource of 1.1 Moz Au, which Millennial Silver considers to be reliable, as included in the August 14, 2006 technical report “Updated Technical Review, Wildcat Project, Pershing County, Nevada” prepared for Vista Gold Corp. and Allied Nevada Gold Corp. A qualified person has not done sufficient work on behalf of Millennial Silver to classify the historical estimate as current mineral resources and Millennial Silver is not treating the historical estimate as current mineral resources. Millennial Silver plans to release a mineral resource pursuant to National Instrument 43-101 in respect of the Wildcat Property in 1Q21.

Mountain View Property

Mountain View Property is located within the Hycroft mining district in Nevada, located 24 km from the town of Gerlach within Washoe County. The property can be accessed by a year-round road via State road 447 followed by 2km of gravel. The 2460 acres land package consists of 127 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The gold dominated mineralization at Mountain View consists of volcanic hosted – low sulfidation epithermal veins and disseminated oxide and sulphide mineralization. Mountain View has a historical resource of 0.473 Moz Au, which Millennial Silver considers to be reliable, as included in the July 31, 2006 technical report “Vista Gold Corp.; Allied Nevada Gold Corp. Mountain View, Nevada USA”. A qualified person has not done sufficient work on behalf of Millennial Silver to classify the historical estimate as current mineral resources and Millennial Silver is not treating the historical estimate as current mineral resources. Millennial Silver plans to release a mineral resource pursuant to National Instrument 43-101 in respect of the Mountain View Property in 1Q21.

Ocelot Property

Ocelot Property is located within the Toiyabe Range in Nevada, located 57 km southwest from the Pipeline deposit. The 2920 acres land package consists of 146 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Ocelot is considered to be a low sulfidation epithermal Au/Ag system, hosted by the Valmy volcanosedimentary Formation that overlies quartzites of the local basement. The target area displays broad argillic alteration and silicification alteration. The observed mineral textures and the anomalous Au and pathfinders are characteristic of high epithermal systems including some boiling textures. Historical mapping report broad zones of silicification and sinter on the property with assays up to 200 ppb gold. Historical shallow drilling reported intersections up to 0.01 opt gold associated to micro breccia veinlets were present.

Marr Property

Marr Property is located within the Toiyabe Range in Nevada, located 60 km southwest from the Pipeline deposit. The 1860 acres land package consists of 93 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Marr is a low sulfidation Au/Ag epithermal system. The target area displays broad area of argillic alteration, and high-level exposure of a low-sulfidation system characterized by chalcedony and opaline veining and sinter terraces anomalous Au and pathfinders in high-level quartz-chalcedony veins with boiling textures.

Eden Property

Eden Property is located northwestern side of the East Range in Western Nevada Rift, located 22 km southwest of the town Winnemucca within the Perishing and Humboldt Counties and along the sleeper – Sandman trend. The 720 acres land package consists of 64 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Eden is a low sulfidation Au/Ag epithermal system. The property can be accessed by a frontage road along Interstate 80. The target concept is a low sulfidation gold system hosted by permeable tertiary volcanic and sedimentary rocks, within the east range of the western Nevada rift. The local geology and mineralization consists of a tertiary volcanosedimentary package cuts by basaltic dikes and quartz veins along through-going “plumbing structures”. A large part of the property is covered by quaternary gravels.

Dune Property

Dune Property is located on the northwestern side of the east range in western Nevada rift, located 13 km southwest of the Town of Winnemucca within the Perishing and Humboldt Counties and along the sleeper – Sandman trend. The 720 acres land package consists of 36 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Dune is of low sulfidation Au/Ag epithermal affinity, typical of significant economic Au-Ag deposits of this region of Nevada. The property can be accessed via the Jungo Mine road west out of Winnemucca and then by unimproved road approximately 2 miles to the south. The target concept is a structural and stratigraphic controlled low sulfidation gold system hosted by permeable tertiary volcanic and sedimentary rocks, along the east range of the western Nevada rift.

Red Canyon Property

The Red Canyon Property is located within the Cortez/Tonkin Springs mining district in Nevada, located 75 km northwest of Eureka. The property can be accessed from the town of Eureka by following US Highway 50 west for 20 km to the Monitor Valley Road. This road is then followed north for approximately 50 km to the intersection with the Tonkins Spring access road. Local roads and dirt tracks lead south and east to the main areas of interest on the Red Canyon Property. The 5147-acres land package consists of 254 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The gold mineralization at the Red Canyon Property has Carlin style sediment hosted affinity, including deep oxide mineralization overlying sulfide mineralization. In 2021 Millennial Silver expects to allocate US$500,000 to follow up known mineralization with drilling with the objective to define gold grade and understand the main controls of mineralization. Upon completion if successful, phase two drilling will address the geometry and potential size of the mineralization. In addition, some drilling holes will be completed to explore various drill test targets within the mineral claims.

Governance and Investor Rights Agreement

768 and Waterton have also agreed to enter into a governance and investor rights agreement on closing of the Transactions which will include, among other things, a 24-month standstill, a right in favour of 768 to place Resulting Issuer Shares if Waterton desires to sell in excess of 2.5% of the outstanding Resulting Issuer Shares over a 90-day period, subject to certain limitations, participation rights in favour of Waterton to maintain its pro rata interest in 768 and registration rights in favour of Waterton. In addition, Waterton has agreed to support recommendations of management of 768 in respect of future shareholder meetings for a period of two years, subject to certain limitations.

On closing of the Transactions, the board of directors of Millennial Precious Metals Corp. will be comprised of the following individuals: Jason Kosec, Terence Harbort, Ruben Padilla and Michael Leskovec. In addition, Waterton will be entitled to designate one nominee on the reconstituted board of Millennial Precious Metals Corp. Biographies of the proposed directors and senior management team of Millennial Precious Metals Corp. are set out below.

Financing Matters

Millennial Silver intends to complete a brokered private placement of subscription receipts (the “Subscription Receipts“) for aggregate gross proceeds of at least CAD$15,000,000 (the “Private Placement“). Immediately prior to the completion of the Asset Acquisition, the Subscription Receipts are expected to convert into Millennial Silver Shares which will subsequently be exchanged pursuant to the Amalgamation for Resulting Issuer Shares. The net proceeds of the Private Placement will be placed into escrow and released to Millennial Silver immediately prior to the completion of the Asset Acquisition, subject to the satisfaction of a number of conditions including that, other than the completion of the Amalgamation, all other conditions precedent to the closing of the Asset Acquisition shall be satisfied or waived.

The net proceeds of the Private Placement will be used by Millennial Silver to fund the acquisition of the Nevada Properties, fund further exploration on the Nevada Properties and the Red Canyon Property and for general corporate purposes following completion of the Transactions.

The securities to be offered in the Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Further details in respect of the Private Placement will be announced by 768 in a separate press release.

Stock Exchange Matters

As at the date hereof, neither the common shares of 768 nor the Millennial Silver Shares are listed on any stock exchange. A condition to completion of the Transactions is the conditional approval for the listing of the Resulting Issuer Shares on the TSXV. A listing application in respect of the Resulting Issuer Shares, which will include further details of the Transactions, will be filed on 768’s issuer profile on SEDAR at www.sedar.com provided TSXV’s conditional approval of the listing of the Resulting Issuer Shares has been obtained. There can be no assurance that the TSXV will grant such conditional approval of that the Transactions will be completed as proposed or at all. The Transactions are not “Non-Arm’s Length Qualifying Transactions” (within the meaning of TSXV policies).

768 intends to apply to the TSXV for an exemption from the sponsorship requirements for the Transactions based upon the Private Placement and/or other exemptions available in TSXV policies.

About Millennial Silver Corp.

Millennial Silver is a private corporation incorporated under the Canada Business Corporations Act on October 28, 2020 and is engaged in the acquisition, exploration and evaluation of mineral properties. Millennial Silver and its wholly-owned subsidiary entered into lease and option to purchase agreement with Red Canyon Corporation on October 30, 2020 (the “Red Canyon Agreement“) pursuant to which Millennial Silver has an option to acquire the Red Canyon Property. Pursuant to the Red Canyon Agreement, Millennial Silver (or the resulting issuer thereof) will issue to Red Canyon Corporation: (i) on the closing of the Transactions that number of Millennial Silver Shares equal to 2.0% of the outstanding Resulting Issuer Shares on a non-diluted basis following the completion of the Amalgamation and the Private Placement; (ii) 1,000,000 Resulting Issuer Shares on or prior to October 30, 2021; (iii) 1,000,000 Resulting Issuer Shares on or prior to October 30, 2022; and (iii) 1,000,000 Resulting Issuer Shares on or prior to October 30, 2023.

As of the date hereof, there are 55,701,775 Millennial Silver Shares outstanding and 4,316,667 Millennial Shares issuable upon exercise of options and warrants to purchase Millennial Silver Shares.

Summary of Financial Information

A summary of certain financial information for Millennial Silver is included in the table below:

Millennial Silver Corp. Nine months ended
September 30, 2020
(Unaudited)
Year ended
December 31, 2019
(Audited)
  ($) ($)
Operations    
Exploration and evaluation 79,976  
Consulting 538,290  
Professional Fees 56,426 2,000
Shareholder Information 14,136  
Office & General 208 2,000
Balance Sheet    
Total assets 1,316,619 1
Total liabilities 715,852 2,000
Total equity 600,767 (1,999

 

Further financial information will be included in the listing application to be prepared in connection with the Transactions.

Proposed Directors and Senior Management Team

Upon the closing of the Transactions, in addition to the Waterton nominee, it is anticipated that Jason Kosec, Terence Harbort, Ruben Padilla and Michael Leskovec will constitute the Board of Directors of Millennial Precious Metals Corp. It is also anticipated that the new senior management team of Millennial Precious Metals Corp. will be comprised of Jason Kosec (President and Chief Executive Officer), Andres Tinajero (Chief Financial Officer), J.D. Mizer (Vice President of Exploration) and David Badham (Director Legal & Corporate Affairs and Corporate Secretary).

The following are brief resumes of the currently proposed directors and senior officers of Millennial Precious Metals Corp. following the Transactions:

Jason Kosec, Proposed CEO, President and Director

Jason has nearly ten years of experience in all facets of mineral exploration, mine development, investor relations and finance. Upon completing his undergraduate degree in Geology at Western University and a Masters in Earth and Energy Resources at Queens University, Jason worked as a Project Geologist at Trelawney Mining and Exploration, which was subsequently sold in 2012 to IAMGOLD for C$608M. Jason then moved on to work as an Exploration Geologist at a number of IAMGOLD properties and in early 2015 was recruited to join the Barkerville Gold Mines team as Sr. Geologist where he was appointed Chief Mine Geologist in 2016. In late 2017, Jason took on the role of VP Corporate Development which ultimately led to the sale of Barkerville Gold Mines to Osisko Gold Royalties in 2019 for C$338 million. Jason is currently Vice President of Strategic Development at Sable Resources and is also on the Board of GK Resources.

Ruben Padilla, Proposed Director

PhD from the University of Arizona. Over 30 years experience in the mineral exploration industry, Dr. Padilla has completed important research at the La Escondida deposit. With AngloGold Ashanti Ltd., he acted as exploration country manager in Consulting Geologist Peru and in Colombia and as chief geologist for the Americas exploration group. He was part of the team that discovered the Colosa and Gramalote deposits in Colombia. He is the founder and chief geologist for Talisker Exploration Services Inc. Dr. Padilla is a director of UniGold Inc. and Minera Alamos Inc.

Terry Harbort, Proposed Director

PhD in Structural Geology and Tectonics. Recognised senior member of the discovery team of AngloGold’s Ashanti’s La Colosa and Gramalote deposits. Specialist in mapping and interpretation of ore geometries and ore controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation, and project management. Co-founder and VP Exploration of Talisker Exploration Services.

Andres Tinajero, Proposed Chief Financial Officer

Mr. Tinajero is a Chartered Professional Accountant with over 26 years of international finance experience in, compliance, finance strategy, financial reporting, internal control and strategic planning. Mr. Tinajero has previously served as Vice-President, CFO and Corporate Controller for large, multi-national companies including United Nations, State Bank, Lafarge, Trelawney Mining, Osisko Royalties. Mr. Tinajero holds a Bachelor of Business from San Francisco University, a Master of Business Administration (MBA) from ITESM University, he is a Member of the Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants of Australia and a Certified member of the Institute of Corporate Directors

Outside of his duties at Millennial, Mr. Tinajero serves as Director for Sable Resources, Talisker Resources and JHI Energy.

Michael G. Leskovec, Proposed Director

Mr. Leskovec is a Chartered Professional Accountant with over sixteen years of financial experience with publicly listed companies and capital markets. He also serves as a Vice-President of Northfield Capital Corporation, where he has gained experience working with publicly listed companies, assisting with investment analysis, financings, corporate structuring and go public transactions in Canada. Prior to this, Mr. Leskovec served as an Officer of Gold Eagle Mines Ltd., which was involved in the development of the Bruce Channel deposit in Red Lake, Ontario, and was sold to Goldcorp Inc. for $1.5 billion in 2008. Mr. Leskovec earned his Chartered Professional Accountant, Chartered Accountant (CPA, CA) designation while working in the audit and assurance practice for Smith Nixon LLP and has his Honours Bachelor of Accounting (BAcc) Degree from Brock University

J.D. Mizer, Prposed Vice President of Exploration

An Arizona native, J.D. received his PhD from The University of Arizona after serving in the U.S. Navy submarine service. His research focused on early Laramide geology and regional geochronology in the Southwest. With over 12 years’ experience in mineral exploration, his contributions include detailed mapping and structural interpretations on greenfields projects including porphyry copper, Carlin gold, and mesothermal precious-base metal vein systems. In addition to exploration and consulting, Dr. Mizer has spent time managing testing facilities in the geomechanical consulting field. Outside of his duties at Millennial, Dr. Mizer serves as Vice President of Exploration and partner for Tri Minerals Holdings Corp., Vice President of Project Acquisitions for Silver Hills Minerals, LLC, and Vice President of Exploration and Project Acquisitions for Professional Minerals Development, LLC.

David Badham, Proposed Director Legal & Corporate Affairs and Corporate Secretary

David holds a B.A. from Rhodes College (Memphis, TN), an M.A. from New York University, and a J.D. from The Schulich School of Law at Dalhousie University. He was called to the Ontario bar in 2014 and has been a member in good standing since that time. Prior to joining Millennial, David practiced law at Blake, Cassels & Graydon LLP and Polley Faith LLP, where he focused on securities regulatory litigation and compliance, as well as general commercial litigation.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Leonardo De Souza, of Talisker Exploration Services, an independent “Qualified Person” within the meaning of National Instrument 43-101.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Transactions; the terms and conditions of the proposed Private Placement; use of proceeds from the Private Placement; future development plans; and the business and operations of 768 after the proposed Transactions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: satisfaction or waiver of all applicable conditions to the completion of the Transactions (including receipt of all necessary shareholder, stock exchange and regulatory approvals or consents, and the absence of material changes with respect to the parties and their respective businesses); ability to close the Private Placement on the proposed terms or at all; the synergies expected from the Transactions not being realized; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. 768 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.

Completion of the Transactions is subject to a number of conditions, including but not limited to, TSXV acceptance. Where applicable, the Transactions cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the listing application to be prepared in connection with the Transactions, any information released or received with respect to the Transactions may not be accurate or complete and should not be relied upon.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

For further information, please contact:

1246768 B.C. Ltd.
James Ward, Director
Phone: (416) 416 897-2359
Email: [email protected]

Millennial Silver Corp.

Jason Kosec, President & CEO
Phone: (250) 552-7424
Email: [email protected]

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 news release.

Not for distribution to United States news wire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70097

Fintech

Copper State Credit Union Takes One Platform Approach with Jack Henry

Published

on

copper-state-credit-union-takes-one-platform-approach-with-jack-henry

 

Jack Henry™ (Nasdaq: JHKY) announced today that Copper State Credit Union will leverage the company’s single technology platform to boost internal efficiencies and improve experiences.

Copper State Credit Union formed in 2020 from the merger of Canyon State Credit Union and Deer Valley Credit Union. Following the merger, the credit union managed multiple products across several different technology providers. This prompted the team to reevaluate their strategy and select Jack Henry as their enterprise technology provider. Jack Henry’s open infrastructure will automate and streamline operations, as well as integrate and optimize offerings.

“Jack Henry’s single platform approach allows us to consolidate our existing relationships into one organization with the option to tap into a vast ecosystem of fintech services,” said Robb Scott, President/CEO of Copper State Credit Union. “This enables us to continue to be innovative in our markets while remaining committed to delivering an exceptional member experience.”

Copper State Credit Union understands the importance of providing a convenient and simple digital experience for members. Their new digital banking platform will give members a complete view of all their finances in a single place. Part of this experience will include the ability to open new accounts and debit cards, manage credit scores, and receive instant payments. And, modern fraud and financial crimes prevention and detection solutions will protect members’ data and monitor transactional behavior.

“Our all-in strategy with Jack Henry ensures our members receive the connected services and resources they need to achieve financial prosperity and empowerment,” Scott continued. “The relationship frees up our internal resources to focus on finding ways to improve the financial lives of member-families within our community.”

Shanon McLachlan, president of Credit Union Solutions at Jack Henry, commented, “The beauty of our technology is the optionality and flexibility. Credit unions can choose to be in all-in with us like Copper State Credit Union or start by investing in their technology future one step at a time. Regardless, we continue to provide the support and services they need to help their members succeed.”

The post Copper State Credit Union Takes One Platform Approach with Jack Henry appeared first on HIPTHER Alerts.

Continue Reading

Fintech

Moomoo Wins “Best Stock Trading App” Award in 2024 FinTech Breakthrough Awards Program

Published

on

moomoo-wins-“best-stock-trading-app”-award-in-2024-fintech-breakthrough-awards-program

 

Moomoo Technologies Inc. today announced that FinTech Breakthrough recognized the company with its 2024 annual award of “Best Stock Trading App.”  Founded in 2018, moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. With its sister brand, moomoo has over 21 million users globally and it provides users with the necessary information and technology to make more informed investment decisions.

As the FinTech sector becomes more crowded and companies struggle to stand out from the crowd with their products and services, the FinTech Breakthrough Awards help recognize and showcase FinTech innovators based on creativity, hard work, and technologies centered around their products, solutions, and services. Its committee selected winners based on their innovative performance, their impact on solving user needs and problems, and whether their ease of use management can scale at growth.

“We are thrilled to be recognized as the best stock trading app by FinTech Breakthrough as it supports our mission to provide all levels of investors with an intuitive and robust platform,” said Justin Zacks, Vice President of Strategies, Moomoo Technologies Inc.  “Backed by independent research, advanced technological development capabilities, and our unique digital-first business model, we want to level the playing field for retail investors. From powerful stock and option analysis tools to fully extended trading hours, moomoo serves both new and experienced traders.”

“Moomoos’ robust technologies help investors spot potential investment opportunities and make informed decisions. Investors at all levels are looking for in-depth data, market news and global insights,” said Steve Johansson, Managing Director, FinTech Breakthrough. “We want to recognize moomoo as ‘Best Stock Trading App!’ By striving to provide investors with the best online trading experiences possible, investors at any stage can make confident investment decisions backed by readily available data and insights.”

The post Moomoo Wins “Best Stock Trading App” Award in 2024 FinTech Breakthrough Awards Program appeared first on HIPTHER Alerts.

Continue Reading

Fintech

Insights from Prague Gaming & TECH Summit 2024 Speakers (pre-event)

Published

on

insights-from-prague-gaming-&-tech-summit-2024-speakers-(pre-event)

 

As we approach the Prague Gaming & TECH Summit, we’ve connected with some of the event’s distinguished speakers to delve into the future of the gaming and tech industries. Their insights shed light on the shifting dynamics, underscoring the significance of adaptability, innovation, and strategic foresight.

We posed the following questions to our speakers:

  • What has been the most surprising or valuable lesson you’ve learned in your career within the gaming/tech sector?
  • Can you share a project or achievement in your career that you’re particularly proud of?
  • In your opinion, what are the biggest challenges facing the gaming and tech industries today?

Below, you’ll find a brief overview of their responses. For more in-depth insights, scroll down to read each speaker’s full reply.

#### Viktoria Soltesz: Mastering the Financial Game

Viktoria Soltesz, a pivotal figure in the payment solutions space, shared a crucial lesson from her career: the significance of a well-crafted payment plan. Through her work, Soltesz has observed the downfall of companies due to inadequate financial strategies, emphasizing that such pitfalls are easily avoidable with proper planning. Her recent book, “Moving Money – How Banks Think,” aims to demystify banking and payment processes for businesses, advocating for informed financial decision-making within the gaming and tech sectors.

#### Aleksandra Andrishak: The Power of Continuous Learning

Representing Slotsjudge, Editor in Chief Aleksandra Andrishak looks forward to delving into topics like iGaming and blockchain at the summit. Andrishak highlights the transformative work undertaken at Slotsjudge in 2023 and stresses the importance of perpetual learning in the fast-paced gaming industry. Her advice to newcomers is to embrace innovation and remain adaptable to stay ahead.

#### Jakub Tesar: Blockchain’s Expanding Horizon

Jakub Tesar predicts a promising future for blockchain technology, especially within the Ethereum ecosystem, and the rise of Web3. He envisions a world where gamers have greater control over virtual collectibles and in-game items, thanks to blockchain. Tesar anticipates GenAI revolutionizing game interactions and narratives, urging industry professionals to experiment with blockchain’s burgeoning use cases.

#### Kaspar Szymanski: Navigating SEO in the Gaming and Tech World

Kaspar Szymanski, with his rich background in Google Search, identifies the challenge of distinguishing brands in a saturated market. He argues for a focus on unique selling propositions and long-term growth strategies. At the summit, Szymanski aims to dispel SEO myths and offer actionable advice, emphasizing that SEO setbacks can lead to significant growth opportunities.

#### Jasmina Poglavc: Data-Driven Innovation in iGaming

Jazz underscores the impact of advanced data analytics and AI in enhancing the iGaming experience through personalized player engagement. She points out the challenges of data privacy and navigating the regulatory landscape, advocating for a shift towards more player-centric and responsible gaming practices.

These insights from our speakers highlight a common theme: the gaming and tech industries are at a critical juncture, facing challenges that span financial planning, regulatory navigation, and technological innovation. The Prague Gaming & TECH Summit stands as a pivotal platform for addressing these challenges, fostering dialogue, and paving the way for future advancements.

As we anticipate the rich discussions and networking opportunities at the summit, it’s clear that adaptability, continuous learning, and strategic planning are key to navigating the future of gaming and tech. Join us in Prague to explore these themes and more, shaping the trajectory of these dynamic industries.


Viktoria Soltesz – Founder at PSP Angels

What has been the most surprising or valuable lesson in your career within the gaming/tech sector?

In my career within the gaming/tech sector, one of the most valuable lessons I’ve learned is the importance of having a payment plan. While analyzing the financial and banking information of various companies, I noticed a recurring pattern: many companies that failed did so due to poor payment and banking practices. They often miscalculated risks, under-budgeted costs, or neglected to set up a proper payment plan. These errors in financial planning were common culprits behind their downfall. What surprised me the most was how easily these businesses could have avoided such failures with proper payment planning. It became evident that many businesses fail for avoidable reasons, and simply taking the time to understand and establish a payment plan can make a significant difference. By paying close attention to the flow of money and investing just a few hours in crafting a solid plan, a business can set itself on a path to success, outperforming much of its competition.

Can you tell us about a project or achievement in your career that you’re particularly proud of?

One of the achievements I’m particularly proud of in my career is the recent launch of my book, “Moving Money – How Banks Think,” which is now available on Amazon. This book is a valuable resource for businesses, emphasizing the often-overlooked importance of banking and payments in today’s competitive landscape. It provides insights into the intricacies of banking decisions, the history of payment systems, and practical guidance on managing funds more safely and cost-effectively. I’m excited to share this knowledge and help businesses make informed decisions in the realm of payments, especially those that are high-risk or startups.

What do you think are the biggest challenges facing the gaming and tech industries today?

In the gaming and tech industries today, one of the most significant challenges is undoubtedly related to payments. While these industries focus heavily on product development, market competition, and marketing strategies, the crucial aspect of payment planning often gets overlooked. This oversight can lead to businesses incurring unnecessary banking fees and facing unexpected operational risks. Understanding the complexities of banking and payment systems is crucial, yet it remains an area with limited knowledge for many in these sectors. Lack of knowledge in this domain can result in poor financial decision-making. As a payment expert, I have observed that addressing these payment-related challenges is essential for the long-term success and sustainability of businesses in the gaming and tech industries. By gaining a better understanding of how payments work and the reasoning behind banking decisions, these industries can navigate financial challenges more effectively and make informed choices, ultimately ensuring smoother operations and cost savings.

What are you most looking forward to at the Prague Gaming & TECH Summit?

I am greatly anticipating the upcoming Prague Gaming & TECH Summit for several compelling reasons. First and foremost, I’m excited about the high-quality content that will be presented during the event. It’s an excellent opportunity to gain valuable insights and knowledge about the gaming and tech industries.

Additionally, I’m looking forward to reconnecting with old acquaintances and making new connections. Networking is a fundamental aspect of such gatherings, allowing us to exchange ideas, share experiences, and forge new professional relationships.

Lastly, I’m eager to hear about the latest industry developments and gossip. Staying informed about the current trends and happenings within the gaming and tech sectors is essential for keeping a competitive edge in these dynamic industries.

Overall, the Prague Gaming & TECH Summit promises to be an enriching and engaging experience, offering valuable content, networking opportunities, and industry insights.


Aleksandra Andrishak – Editor in Chief at Slotsjudge

What are you most looking forward to at the Prague Gaming & TECH Summit?

The vegan catering! Jokes aside, Hipther events are renowned for their best-in-class networking, and I’m eagerly anticipating the opportunity to delve into topics such as iGaming, eSports, and Blockchain with top experts in the industry. This will mark my second collaboration on stage with Zoltan and the team, and I’m very much looking forward to it.

Can you tell us about a project or achievement in your career that you’re particularly proud of?

I’m honored to represent Slotsjudge at the Prague Gaming & TECH Summit 2024. I’m particularly proud of all the work we’ve accomplished with the team in 2023. This year, you can expect even more from us, including new features, a completely revamped website, and even more ways to have fun together with us if you’re a gaming enthusiast!

What advice would you give to someone starting their career in the gaming or tech industry?

Never stop learning. The gaming industry is one of those sectors where innovation occurs almost daily. To stay ahead of the curve, you cannot afford to become complacent. Continuously strive to expand your knowledge and skills. Good luck!


Jakub Tesar – Innovation, Digital & Emerging Tech Lead at EY

What are your top three predictions for the future of gaming and tech industries in the next five years?

  1. The Ethereum ecosystem will evolve into a hub for practical applications, driving large-scale enterprise adoption of blockchain technology.
  2. The growth of Web3 will empower users to have self-custody over virtual collectibles and in-game items, enabling the purchase of ‘phygital’ items that merge the physical and online worlds. This evolution will facilitate free trade on blockchain-powered marketplaces and allow brands to explore new monetization strategies for digital assets.
  3. Generative AI (GenAI) will revolutionize gaming experiences, enabling players to interact with non-player characters (NPCs) in more natural and dynamic ways, and experience storylines that adapt and evolve in real-time.

Can you share a recent innovation in the gaming/tech industry that excites you? What challenges do you think the industry needs to address? The integration of GenAI within gaming environments excites me the most. It offers unprecedented, natural-like interactions with GenAI-based NPCs and allows for fluid, dynamic storylines. However, the industry must navigate the ethical implications of AI, ensuring that these technologies are developed and used responsibly.

What has been the most surprising or valuable lesson in your career within the gaming/tech sector? In my career, the most valuable lesson has been the constant need for innovation and adaptability. The rapid pace at which technology evolves requires a perpetual learning mindset and the willingness to embrace change.

How do you see the role of AI and emerging technologies shaping the gaming and tech industries? AI and emerging technologies are set to fundamentally reshape the gaming and tech industries by introducing more immersive, interactive, and personalized experiences. These technologies will not only enhance gameplay but also offer new avenues for creativity and innovation within the sector.

What advice would you give to someone starting their career in the gaming or tech industry? Never stop learning. The gaming industry, in particular, is characterized by its rapid evolution and innovation. Staying informed and continually enhancing your skills is crucial to staying ahead in this competitive field.

What do you think are the biggest challenges facing the gaming and tech industries today? Addressing the ethical and societal implications of rapid technological advancement, including privacy concerns, data security, and the potential for misuse, remains a significant challenge.

How do you see regulations impacting the gaming and tech industries, and what changes would you like to see? Regulations need to strike a balance between fostering innovation and protecting consumers. I hope to see regulations evolve in a way that supports the ethical development of new technologies while ensuring they are accessible and beneficial to all.

What are you most looking forward to at the Prague Gaming & TECH Summit? I’m eagerly anticipating the opportunity to delve into the latest industry trends, connect with fellow professionals, and share insights on the evolving landscape of gaming and technology.

Is there a specific message or insight you hope attendees will take away from your session? I hope attendees recognize the enduring significance of blockchain technologies and are inspired to explore and experiment with their vast potential for innovative use cases.


Kaspar Szymanski – Founder of SearchBrothers

What do you think are the biggest challenges facing the gaming and tech industries today?

One of the primary challenges in an industry saturated with numerous market players offering similar web platforms and services is effectively defining and communicating a compelling unique selling proposition (USP). While brand building, prioritizing user experience, and optimizing website performance are essential, they are merely steps towards the ultimate goal of offering a service or product that isn’t readily available elsewhere. Moreover, developing a long-term strategy presents a significant challenge in an industry that tends to favor short-term success. The pressure of organizational and market demands often hinders decision-makers from adopting strategies focused on sustainable, gradual growth. This challenge is particularly evident in search engine optimization (SEO), where the goals of long-term growth and meeting immediate organizational needs must be aligned, as search engine algorithms prioritize actual ranking signals over organizational constraints.

What are you most looking forward to at the Prague Gaming & TECH Summit?

I am eager to share the unique insights into Google Search that I gained during my time working for Google, as well as my experiences as a consultant helping clients in competitive niches outperform their competitors. My presentation will include exciting real-life case studies, debunk several myths within the SEO industry, and provide attendees with actionable advice they can immediately apply. I am also looking forward to listening and learning from others, and eagerly anticipate addressing audience questions during the Q&A session following my presentation.

Is there a specific message or insight you hope attendees will take away from your session?

I want my audience to understand that Google penalties are not the end of the world and can be resolved. SEO setbacks, while initially unwelcome, can actually offer an opportunity for significant growth, potentially surpassing any previous rankings on Google Search. These moments can be a hidden blessing, revealing new paths to success. I invite anyone curious about the inner workings of Google Search, how it can benefit your website, and seeking genuine answers to their Google and SEO questions to join my session.


Jasmina Poglavc – Senior Product Manager at Gamanza Group AG & Freelance iGaming Consultant

Can you share a recent innovation in the gaming/tech industry that excites you, and what challenges do you think the industry needs to address?

My background in iGaming platforms and online operations has given me a unique perspective on the transformative potential of advanced data analytics and AI. These technologies promise significant changes, especially in real-time player engagement for iGaming platforms and operators. By analyzing player behavior, preferences, and patterns in real time, we can offer personalized promotions, customized gaming experiences, and targeted loyalty programs. This not only boosts player satisfaction but also optimizes revenue streams.

However, the full realization of these benefits faces challenges, primarily concerning data privacy and security. Protecting sensitive player information is paramount, and navigating the evolving regulatory landscape to align data-driven practices with compliance standards is equally crucial.

What has been the most surprising or valuable lesson in your career within the gaming/tech sector?

Adaptability has been the most valuable lesson in my career. The gaming and tech sectors are incredibly dynamic, with constant evolutions and innovations. Embracing change, remaining agile, and continuously seeking learning opportunities have been essential for navigating challenges and achieving success. Anticipating industry trends and staying informed about technological and regulatory developments are key to staying ahead.

What advice would you give to someone starting their career in the gaming or tech industry?

Stay curious and proactive. Embrace challenges as growth opportunities, keep up with industry trends, and cultivate a strong professional network. Innovation drives the gaming and tech industries, so developing a mindset that embraces change and fosters creativity is crucial.

What do you think are the biggest challenges facing the gaming and tech industries today?

The primary challenges include cybersecurity threats, talent acquisition and retention, and adapting to an evolving regulatory landscape. Balancing innovation with compliance is challenging, as regulations often lag behind technological advancements. A strategic, adaptive approach is essential for navigating these challenges, necessitating proactive engagement with regulators and an awareness of legal frameworks.

How do you see regulations impacting the gaming and tech industries, and what changes would you like to see?

The gaming industry, exemplified by the situation in Germany, faces challenges from overregulation, which can drive players toward unregulated, black-market operators. While regulations are crucial for ensuring fairness and consumer protection, too restrictive an environment can hinder the industry’s growth and inadvertently compromise player safety.

I advocate for regulations that evolve with technological advancements, are harmonized globally, and are developed in collaboration with industry stakeholders. This approach aims to balance consumer protection with innovation, ensuring a thriving, responsible gaming ecosystem.


Click here to register and unlock the door to endless possibilities at the Prague Gaming & TECH Summit. Your next big opportunity awaits!

The post Insights from Prague Gaming & TECH Summit 2024 Speakers (pre-event) appeared first on HIPTHER Alerts.

Continue Reading

Trending