Fintech
1319732 B.C. Ltd. and Sendero Resources Corp. Announce Signing of Amalgamation Agreement and Closing of Oversubscribed Financings
Vancouver, British Columbia–(Newsfile Corp. – April 27, 2023) – 1319732 B.C. Ltd. (the “Company“) and Sendero Resources Corp. (“Sendero“) are pleased to announce the signing of an amalgamation agreement dated April 27, 2023 (the “Definitive Agreement“).
The Company and Sendero are entering into the Definitive Agreement in furtherance of their commitments under their previously announced binding letter agreement dated March 2, 2023. Pursuant to the Definitive Agreement, the Company and Sendero have agreed to complete a three-cornered amalgamation (the “Transaction“) pursuant to which the Company intends to acquire all of the issued and outstanding common shares of Sendero (“Sendero Shares“) in exchange for the issuance of common shares of the Company (“Company Shares“).
Following the completion of the Transaction, the Company (the “Resulting Issuer“) will hold all of the assets of and continue the business of Sendero under the name “Sendero Resources Corp.” (the “Name Change“). In connection with the Transaction, the Resulting Issuer will seek to list its common shares for trading on the TSX Venture Exchange (the “Exchange“).
The Company is also pleased to announce that Sendero has closed the previously announced brokered private placement (the “Subscription Receipt Offering“) of subscription receipts (“Subscription Receipts“) and closed a tranche of the previously announced non-brokered private placement (the “Non-Brokered Offering“, and together with the Subscription Receipt Offering, the “Offerings“) of units (“Non-Brokered Units“) for aggregate gross proceeds of $5,212,450. The Offerings were previously announced in the Company’s news release dated March 3, 2023 (the “Initial News Release“). The Company issued 11,014,500 Subscription Receipts under the Subscription Receipt Offering at a price of $0.20 per Subscription Receipt, for gross proceeds to Sendero of approximately $2,202,900, pursuant to an agency agreement dated the date hereof among Echelon Wealth Partners Inc. (“Echelon“), who acted as lead agent, M Partners Inc. and PI Financial Corp. (collectively, the “Agents“), the Company and Sendero. Each Subscription Receipt will be automatically exchanged, for no additional consideration, into one unit (a “Unit“) of Sendero upon the satisfaction of certain escrow release conditions, including the satisfaction of all conditions precedent to the consummation of the Transaction. Each Unit is comprised of one Sendero common share and one-half of one Sendero common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder to purchase one additional common share at an exercise price of $0.30 at any time prior to the second anniversary of the date of issuance. The Company issued 15,047,750 Non-Brokered Units under the Non-Brokered Offering at a price of $0.20 per Non-Brokered Unit, for a gross proceeds to Sendero of approximately $3,009,550. Each Non-Brokered Unit is comprised of one Sendero common share and one-half of one common share purchase warrant with the same terms as the Warrants underlying the Subscription Receipts. The Company and Sendero had previously announced the intent to raise up to $4,000,000 in gross proceeds in the Offerings, but increased the aggregate size of the Offerings due to investor demand. Sendero may issued additional Non-Brokered Units in subsequent closings under the Non-Brokered Offering.
Following the completion of the Transaction, including the completion of by the Company of a share split and certain other reorganization transactions described in more detail in the Company’s news release dated April 26, 2023, it is anticipated that an aggregate of approximately 59,395,583 Resulting Issuer Shares will be issued and outstanding, and: (a) current Sendero common shareholders will hold 27,333,333 Resulting Issuer Shares, representing approximately 46% of the outstanding Resulting Issuer Shares; (b) subscribers of Subscription Receipts will hold 11,014,500 Resulting Issuer Shares, representing approximately 19% of the outstanding Resulting Issuer Shares; (c) subscribers of Non-Brokered Units will hold 15,047,750 Resulting Issuer Shares, representing approximately 25% of the outstanding Resulting Issuer Shares; and (d) current Company common shareholders will hold 6,000,000 Resulting Issuer Shares, representing approximately 10% of the outstanding Resulting Issuer Shares, each on an undiluted basis.
Sendero paid $126,122.50 in fees and issued 630,612 finders warrants to eligible finders in the Non-Brokered Offering. The Company paid fees and issued broker warrants to the Agents in connection with the Subscription Receipt Offering described further in the Initial News Release.
Overview of Sendero Resources
Sendero was incorporated on August 4, 2020 under the laws of the Province of British Columbia. Through its wholly owned subsidiary, Barton SAS, Sendero holds a 100% interest of the 120 km2 Peñas Negras Project (the “Property“), located in the Vicuna district of Argentina. The Property is surrounded by significant copper discoveries belonging to Filo Mining (Filo Del Sol Project), Lundin Mining (Josemaria Project), and NGEx Minerals (Los Helados Project). Sendero will look to take advantage of its experience and operational knowledge to advance high priority drilling targets.
Further details regarding Sendero and the Property are disclosed in the Initial News Release.
Overview of 1319732 B.C. Ltd.
The Company is an unlisted reporting issuer that was incorporated on August 13, 2021 under the laws of the Province of British Columbia. The Company was formerly a subsidiary of Rio Verde Industries Inc. (“Rio“). Pursuant to the terms and conditions set out in an arrangement agreement dated September 9, 2021 between Rio, the Company and certain other parties, the parties conducted a court approved statutory plan of arrangement, as a result of which, the Company was spun out from Rio and became a reporting issuer in British Columbia and Alberta. The Company has not carried on any active business since September 9, 2021.
Further Information
For further information concerning the Transaction, please refer to the Initial Press Release and the Company’s new release dated April 26, 2023, which are each available under the Company’s SEDAR profile at www.sedar.com.
Further updates will be provided as the Transaction progress and upon the parties receiving conditional approval from the Exchange. The Company and Sendero intend to file a listing application (Form 2B) with the Exchange.
All information contained in this press release with respect to Sendero and 131 (but excluding the terms of the Transaction) was supplied by the parties respectively, for inclusion herein, without independent review by the other party, and each party and its directors and officers have relied on the other party for any information concerning the other party.
For further information, please contact:
Sendero Resources Corp.
Michael Wood, Executive Chairman
Email: [email protected]
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements“) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected” “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”. “estimates”, “believes” or intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this press release, forward-looking statements relate, among other things, to: the Transaction and certain terms and conditions thereof; the business of 131 or Sendero; the Offerings; and shareholder and regulatory approvals. 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: general business, economic, competitive, political and social uncertainties; the delay or failure to receive shareholder or regulatory approvals necessary to complete the Transaction, the delay or failure to timely satisfy the escrow release conditions related to the subscription receipts and the ability of the Company to obtain a sponsorship waiver. 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 the forward-looking statements and information contained in this press release. Except as required by law, neither 131 nor Sendero assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Cautionary Statement
Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. Where applicable, the Transaction 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 management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Resulting Issuer should be considered highly speculative. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163980
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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