Fintech
Graphene Manufacturing Group and Cuspis Capital Announce Closing of Qualifying Transaction
Sumner, Australia and Toronto, Ontario–(Newsfile Corp. – April 13, 2021) – Graphene Manufacturing Group Ltd. (formerly Graphene Manufacturing Group Pty Ltd.) (“GMG” or the “Company“) and Cuspis Capital Ltd. (TSXV: CUSP.P) (“Cuspis“) are pleased to announce that they have completed their previously announced qualifying transaction (the “Transaction“) under TSX Venture Exchange (“TSXV“) Policy 2.4 – Capital Pool Companies.
The Transaction was completed by way of statutory plan of arrangement under the Business Corporations Act (Ontario). Pursuant to the Transaction, the Company has acquired 100% of the issued and outstanding shares in the capital of Cuspis (“Cuspis Shares“) in exchange for the issuance of 6,162,072 ordinary shares in the capital of the Company (“Shares“) to the former shareholders of Cuspis. The Company also issued 604,500 stock options (“Options“) of the Company to former holders of stock options of Cuspis, with each Option being exercisable to purchase one Share at a price of C$0.4963 until March 12, 2024. In connection with the Transaction, the Company also issued 291,880 Shares to Tri View Capital Ltd. (“Tri View“) pursuant to an investment advisory agreement between the Company and Tri View.
A total of 31,768,000 GMG Shares and 2,916,704 Options (“Surplus Escrowed Securities“) held by certain principals and other shareholders of the Company will be subject to the TSXV’s Tier 1 Surplus escrow requirements, with 10% of the Surplus Escrowed Securities to be released at the date of the Final Exchange Bulletin (the “Exchange Bulletin“) in respect of the Transaction and listing of the GMG Shares on the TSXV (“Listing“), with 20%, 30%, and 40% of the total Surplus Escrowed Securities to be released, respectively, at the 6th, 12th and 18th month anniversaries of the date of the Exchange Bulletin. A total of 2,015,000 GMG Shares (“CPC Escrowed Securities“) held by the former principals of Cuspis will be subject to the TSXV’s Capital Pool Company escrow requirements, with 25% of the CPC Escrowed Securities to be released at the date of the Exchange Bulletin and 25% of the total CPC Escrowed Securities to be released at each of the 6th, 12th and 18th anniversaries of the date of the Exchange Bulletin.
Upon closing of the Transaction, William Ollerhead, a former director of Cuspis, was appointed as a director of the Company.
The Transaction and Listing is subject to final acceptance of the Transaction by the TSXV, which will occur upon the issuance of the Final Exchange Bulletin (the “Exchange Bulletin“) by the TSXV. Subject to final approval of the TSXV, Cuspis will no longer be a capital pool company, and the Company will be classified as a Tier 1 Industrial Issuer pursuant to TSXV policies, trading under the symbol “GMG”. The Company will issue a news release once the TSXV issues the Exchange Bulletin advising of the expected listing date.
Conversion of Subscription Receipts
As previously disclosed in the news release of Cuspis dated April 7, 2021, on March 24, 2021 the Company completed a non-brokered private placement financing of 3,077,000 subscription receipts (each, a “Subscription Receipt“) at a price of C$0.65 per Subscription Receipt for gross proceeds of C$2,000,050 (the “Offering“).
On April 12, 2021, the Subscription Receipts automatically converted (“Conversion“) into 3,077,000 units of GMG (the “Units“). Each Unit consists of one (1) GMG Share and one-half (1/2) of one ordinary share purchase warrant of GMG (each, a “GMG Warrant“), with each whole GMG Warrant exercisable into one (1) GMG Share at a price of C$1.00 for a period of eighteen (18) months from the date of issuance. GMG intends to use the proceeds of the Offering for general working capital purposes. The Units and all securities issuable thereunder are subject to a four-month hold period under applicable Canadian securities laws expiring on July 25, 2021.
At Conversion, GMG also paid finder’s fees to in the aggregate amount of C$109,755.59 in cash, representing 6% of the proceeds from investors introduced by applicable finders, and issued an aggregate of 161,430 share purchase warrants of GMG (the “Finder Warrants“), representing 6% of the Subscription Receipts subscribed for by investors introduced by applicable finders (collectively, the “Finder’s Fees“). Each Finder Warrant is exercisable for one GMG Share (“Finder Warrant Share“) at an exercise price of C$0.65 for a period of 18 months from the date of issuance. The Finder Warrants and Finder Warrant Shares are subject to a four-month hold period expiring on August 13, 2021.
Name Change and Prospectus
The Company also announces that effective April 2, 2021, the Company’s name changed from “Graphene Manufacturing Group Pty Ltd.” to “Graphene Manufacturing Group Ltd.”
For more information regarding the Transaction, the Offering and the change of the Company’s name, please refer to the final long form non-offering prospectus of the Company dated March 31, 2021 (the “Prospectus“) filed under the Company’s previous name of “Graphene Manufacturing Group Pty Ltd.” and available on the Company’s SEDAR profile at www.sedar.com.
Early Warning Disclosure Pursuant to National Instrument 62-103
Immediately prior to closing of the Transaction, the Company held no Cuspis Shares. Upon closing of the Transaction, the Company acquired 15,290,500 Cuspis Shares, representing 100% of the issued and outstanding Cuspis Shares. As a result of the Transaction, Cuspis intends to apply to cease to be a reporting issuer in the Provinces of Ontario, British Columbia, Alberta and Saskatchewan, and to delist the Cuspis Shares from the TSXV. The Company will continue to conduct its business as described in the Prospectus.
Immediately prior to closing of the Transaction, Craig Nicol, Chief Executive Officer, Corporate Secretary and Managing Director held 13,200,000 Shares and 826,540 Options representing approximately 22.17% of the issued and outstanding Shares on a non-diluted basis and 20.54% of the issued and outstanding Shares on a fully diluted basis. Upon closing of the Transaction, Mr. Nicol’s 13,200,000 Shares and 826,540 Options represent approximately 19.11% of the issued and outstanding Shares on a non-diluted basis and 18.25% of the issued and outstanding Shares on a fully-diluted basis. Mr. Nicol may in the future take such actions in respect of his holdings as he deems appropriate in light of the circumstances then existing, including the purchase of additional shares or other securities of the Company through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.
The Company’s head office is located at Unit 5, 18 Spine Street, Sumner, QLD Australia, 4074. A copy of the Early Warning Report prepared in connection with the acquisition of the Cuspis Shares by the Company and the GMG Shares held by Craig Nicol can be obtained on the Company’s SEDAR profile or by contacting Christopher Ohlrich at 617 3040-5716.
SOURCE: Graphene Manufacturing Group Ltd. and Cuspis Capital Ltd.
For further information, please contact Christopher Ohlrich, Chief Financial Officer and Executive Director of the Company at [email protected].
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements“), including details about the Transaction, the Company’s listing on the TSXV and anticipated timing thereof, receipt of all required regulatory and TSXV approvals, the proposed use of proceeds from the Offering, the application of Cuspis to cease to be a reporting issuer and the delisting of the Cuspis Shares on the TSXV. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation’s control, including those set out in the long form non-offering prospectus of the Company dated March 31, 2021 available on the Company’s SEDAR profile at www.sedar.com. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed the final long form non-offering prospectus of the Company dated March 31, 2021 available on the Company’s SEDAR profile at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80279
Modern brands stake on influencer marketing, with 76% of users making a purchase after seeing a product on social media.The cryptocurrency industry is no exception to this trend. However, promoting crypto products through influencer marketing can be particularly challenging. Crypto influencers pose a significant risk to a brand’s reputation and ROI due to rampant scams. Approximately 80% of channels provide fake statistics, including followers counts and engagement metrics. Additionally, this niche is characterized by high CPMs, which can increase the risk of financial loss for brands.
In this article Nadia Bubennnikova, Head of agency Famesters, will explore the most important things to look for in crypto channels to find the perfect match for influencer marketing collaborations.
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Comments
There are several levels related to this point.
LEVEL 1
Analyze approximately 10 of the channel’s latest videos, looking through the comments to ensure they are not purchased from dubious sources. For example, such comments as “Yes sir, great video!”; “Thanks!”; “Love you man!”; “Quality content”, and others most certainly are bot-generated and should be avoided.
Just to compare:
LEVEL 2
Don’t rush to conclude that you’ve discovered the perfect crypto channel just because you’ve come across some logical comments that align with the video’s topic. This may seem controversial, but it’s important to dive deeper. When you encounter a channel with logical comments, ensure that they are unique and not duplicated under the description box. Some creators are smarter than just buying comments from the first link that Google shows you when you search “buy YouTube comments”. They generate topics, provide multiple examples, or upload lists of examples, all produced by AI. You can either manually review the comments or use a script to parse all the YouTube comments into an Excel file. Then, add a formula to highlight any duplicates.
LEVEL 3
It is also a must to check the names of the profiles that leave the comments: most of the bot-generated comments are easy to track: they will all have the usernames made of random symbols and numbers, random first and last name combinations, “Habibi”, etc. No profile pictures on all comments is also a red flag.
LEVEL 4
Another important factor to consider when assessing comment authenticity is the posting date. If all the comments were posted on the same day, it’s likely that the traffic was purchased.
2. Average views number per video
This is indeed one of the key metrics to consider when selecting an influencer for collaboration, regardless of the product type. What specific factors should we focus on?
First & foremost: the views dynamics on the channel. The most desirable type of YouTube channel in terms of views is one that maintains stable viewership across all of its videos. This stability serves as proof of an active and loyal audience genuinely interested in the creator’s content, unlike channels where views vary significantly from one video to another.
Many unauthentic crypto channels not only buy YouTube comments but also invest in increasing video views to create the impression of stability. So, what exactly should we look at in terms of views? Firstly, calculate the average number of views based on the ten latest videos. Then, compare this figure to the views of the most recent videos posted within the past week. If you notice that these new videos have nearly the same number of views as those posted a month or two ago, it’s a clear red flag. Typically, a YouTube channel experiences lower views on new videos, with the number increasing organically each day as the audience engages with the content. If you see a video posted just three days ago already garnering 30k views, matching the total views of older videos, it’s a sign of fraudulent traffic purchased to create the illusion of view stability.
3. Influencer’s channel statistics
The primary statistics of interest are region and demographic split, and sometimes the device types of the viewers.
LEVEL 1
When reviewing the shared statistics, the first step is to request a video screencast instead of a simple screenshot. This is because it takes more time to organically edit a video than a screenshot, making it harder to manipulate the statistics. If the creator refuses, step two (if only screenshots are provided) is to download them and check the file’s properties on your computer. Look for details such as whether it was created with Adobe Photoshop or the color profile, typically Adobe RGB, to determine if the screenshot has been edited.
LEVEL 2
After confirming the authenticity of the stats screenshot, it’s crucial to analyze the data. For instance, if you’re examining a channel conducted in Spanish with all videos filmed in the same language, it would raise concerns to find a significant audience from countries like India or Turkey. This discrepancy, where the audience doesn’t align with regions known for speaking the language, is a red flag.
If we’re considering an English-language crypto channel, it typically suggests an international audience, as English’s global use for quality educational content on niche topics like crypto. However, certain considerations apply. For instance, if an English-speaking channel shows a significant percentage of Polish viewers (15% to 30%) without any mention of the Polish language, it could indicate fake followers and views. However, if the channel’s creator is Polish, occasionally posts videos in Polish alongside English, and receives Polish comments, it’s important not to rush to conclusions.
Example of statistics
Wrapping up
These are the main factors to consider when selecting an influencer to promote your crypto product. Once you’ve launched the campaign, there are also some markers to show which creators did bring the authentic traffic and which used some tools to create the illusion of an active and engaged audience. While this may seem obvious, it’s still worth mentioning. After the video is posted, allow 5-7 days for it to accumulate a basic number of views, then check performance metrics such as views, clicks, click-through rate (CTR), signups, and conversion rate (CR) from clicks to signups.
If you overlooked some red flags when selecting crypto channels for your launch, you might find the following outcomes: channels with high views numbers and high CTRs, demonstrating the real interest of the audience, yet with remarkably low conversion rates. In the worst-case scenario, you might witness thousands of clicks resulting in zero to just a few signups. While this might suggest technical issues in other industries, in crypto campaigns it indicates that the creator engaged in the campaign not only bought fake views and comments but also link clicks. And this happens more often than you may realize.
Summing up, choosing the right crypto creator to promote your product is indeed a tricky job that requires a lot of resources to be put into the search process.
Author
Nadia Bubennikova, Head of agency at Famesters
The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.
Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.
Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).
At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.
The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.
As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.
Source: fintech.globa
The post Central banks and the FinTech sector unite to change global payments space appeared first on HIPTHER Alerts.
TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.
The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.
This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.
TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.
Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.
TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.
Source: fintechfutures.com
The post TD Bank inks multi-year strategic partnership with Google Cloud appeared first on HIPTHER Alerts.
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