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SEC Charges Compass Minerals for Misleading Investors about Its Operations at World’s Largest Underground Salt Mine

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Washington, D.C.–(Newsfile Corp. – September 23, 2022) – The Securities and Exchange Commission today announced settled charges against Compass Minerals International Inc. for misleading investors about a technology upgrade that the company claimed would reduce costs at its most significant mine, but in reality, had increased costs, and for failing to properly assess whether to disclose the financial risks created by the company’s excessive discharge of mercury in Brazil. Compass is ordered to pay $12 million to settle the charges.

According to the SEC’s order, Compass repeatedly assured investors in 2017 that a technology upgrade at its Goderich mine – the world’s largest underground salt mine which is located near Ontario, Canada and hailed by the company as its crown jewel – was on track to materially reduce costs and boost its operating results starting in 2018. Compass’s statements were misleading because they failed to tell investors that costs at the mine were increasing rather than decreasing, which substantially undermined the projected savings. The SEC also found that Compass misled investors by overstating the amount of salt it was able to produce at Goderich.

Separately, the order finds that Compass’s deficient disclosure controls resulted in the company failing to properly assess the financial risks of mercury contamination by one of its former facilities near the Botafogo River, in Pernambuco, Brazil, and that facility’s cover-up of the misconduct by submitting inaccurate test reports to Brazilian environmental authorities. Compass was required to assess whether it must disclose the financial uncertainties of that misconduct to investors, but failed to do so.

“What companies say to investors must be consistent with what they know. Yet Compass repeatedly made public statements that did not jibe with the facts on—or under—the ground at Goderich,” said Melissa Hodgman, Associate Director of the Division of Enforcement. “By misleading investors about mining costs in Canada and failing to analyze the potential financial consequences of its environmental contamination in Brazil, Compass fell far short of what the federal securities laws require.”

The SEC’s order finds that Compass violated the antifraud, reporting, and internal controls provisions of the Securities Act and the Exchange Act and various related rules. In addition to the civil penalty, Compass, without admitting to the findings, agreed to cease and desist from further violations of these provisions, and retain an independent compliance consultant to review and make recommendations concerning its disclosure controls and procedures.

The SEC’s investigation was conducted by Joseph Zambuto Jr., Michael Grimes, and John Archfield with assistance from Trial Counsel Devon Staren and Fred Block. The matter was supervised by Rami Sibay.  

CSE Bulletin: New Listing – Targa Exploration Corp. (TEX)

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Toronto, Ontario–(Newsfile Corp. – Le 23 septembre/September 2022) – The common shares of Targa Exploration Corp. have been approved for listing on the CSE.

Listing and disclosure documents will be available at www.thecse.com on the trading date.

Targa Exploration Corp. is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on the Shanghai Property located in the Mayo Mining District, Yukon Territory.

_________________________________

Les actions ordinaires de Targa Exploration Corp. ont été approuvées pour inscription sur le CSE.

Les documents d’inscription et d’information seront disponibles sur www.thecse.com à la date de négociation.

Targa Exploration Corp. est une petite société minière engagée dans l’acquisition, l’exploration et le développement de propriétés minières. La société se concentre actuellement sur la propriété de Shanghai située dans le district minier de Mayo, au Yukon.

Issuer/Émetteur: Targa Exploration Corp.
Security Type/Titre: Common Shares/Actions ordinaires
Symbol(s)/Symbole(s): TEX
Number of securities issued and outstanding/ Titres émis et en circulation: 39 838 250
Number of Securities reserved for issuance/ Titres réservés pour émission: 30 575 000
CSE Sector/Catégorie: Mining/Minier
CUSIP: 87612L 10 0
ISIN: CA 87612L 10 0 4
Boardlot/Quotité: 500
Trading Currency/Monnaie de négociation: CDN$/$CDN
Trading Date/Date de negociation: Le 27 septembre/September 2022
Other Exchanges/Autres marches: N/A
Fiscal Year end /Clôture de l’exercice financier: Le 31 mars/March
Transfer Agent/Agent des transferts: Odyssey Trust Company

 

The Exchange is accepting Market Maker applications for TEX. Please email: [email protected].

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: [email protected].

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: [email protected].

Vantage wins three awards at the Global Forex Awards 2022

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Vantage, the international multi-asset broker, has received three awards at the Global Forex Awards 2022 – Retail, organised by Holiston Media.

Vantage was recognised in three categories including the “Best Forex Mobile Trading Platform/App – Global”, “Best Forex Trade Execution – Global”, and “Most Trusted Forex Broker – Asia“.

The Global Forex Awards 2022 – Retail is in its fifth edition, and honours businesses that use cutting-edge technology, offer low-cost trading, comprehensive market research tools, advanced educational programs, and world-class customer service for retail traders.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, says “We are honoured to receive these awards at The Global Forex Awards 2022 – Retail. Vantage went through a massive shift since our rebranding exercise last year, and these awards are an affirmation of the direction we have taken as a business.”

“This is a celebration of the sheer hard work and determination of our team at Vantage, who have made Vantage what it is today. I would also like to take this opportunity to thank our clients who have supported us through the years, and who remain our biggest motivation to keep doing better.”

Lian Jie, Vantage’s Assistant App Marketing Director, says, “This is the fourth award garnered by our Vantage App team, and is a testament to the hours of development they have undertaken to make our app more powerful and intuitive than ever before.”

Since its rebrand, Vantage has received a number of industry recognised awards, including “Best in CFD trading 2022” at the European – Global & Finance Awards 2022, “Best Broker Australia”, “Best Customer Support Australia”, and “Best Mobile Trading App” at the Ultimate Fintech Awards 2022.

FINBOA Ranks #11 on the Houston Business Journal’s 2022 Fast 100 List

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FINBOA, Inc., a leading innovator in intelligent process automation software for financial institutions, is honored to be ranked #11 on the 2022 Houston Business Journal (HBJ) Fast 100 List, announced today. The HBJ Fast 100 award list recognizes Houston-area private companies with the fastest revenue growth over a two-year period.

FINBOA secured the 11th place position based on over 300% revenue growth from 2019 through 2021.  FINBOA attributes their continued success to offering a proven portfolio of SaaS automation solutions specifically designed for banks and credit unions.  Created to transform back-office processing and the customer experience using RPA, FINBOA increases staff efficiency and accuracy, while reducing compliance costs, loss and risk.

FINBOA’s industry recognized software digitizes and modernizes the inefficient manual processes or systems commonly used to manage regulatory compliance processing for Payment Disputes, Treasury Onboarding, Exception Management and Loan Onboarding.

FINBOA CEO and Founder, Raj Singal commented, “We are honored to be recognized for our business growth. Thank you to the HBJ and to our customers.  I’m proud of what the FINBOA team has been able to accomplish.  We plan to continue to grow organically, maintaining our current product and market focus. We have deep industry experience and there is a lot of market opportunity available to us.  We are actively expanding the SaaS offerings available within our existing solution lines, while also looking to develop additional products to accelerate our growth.”

HealthValue Group Executes COVID-19 Testing FMV Benchmarks to Avoid Kickback Lawsuits

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Denver, Colorado–(Newsfile Corp. – September 22, 2022) – Denver-based healthcare fair market value (FMV) and appraisal firm HealthValue Group has implemented COVID-19 testing FMV benchmarks to help assist labs and specimen collection enterprises with supportable and highly defensible rates for specimen collection services. These benchmarks are a valuable element of the contracting process.

The rapid expansion of COVID-19 testing and vaccination resulted in a barrage of fraud in the healthcare industry, leading to specimen collection businesses that perform a portion of COVID tests. These businesses collect samples from patients, then the samples are sent to the actual laboratory for testing. Laboratories across the country were making deals and arrangements with “testing sites” to collect specimen samples in deal sizes often worth millions of dollars.

Federal healthcare laws preclude the labs from paying more than fair market value (FMV) for each patient specimen. If they pay too much, it constitutes an illegal kickback and potentially violates the federal Anti-Kickback Statute (AKS) and the Eliminating Kickbacks in Recovery Act (EKRA).

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HealthValue Group

The Eliminating Kickbacks in Recovery Act was enacted in 2018 and it prohibits the payment of remuneration in return for referring a patient to a recovery home, clinical treatment facility, or laboratory. It’s based on the Anti-Kickback Statute, which applies only to federally funded health insurance programs, such as Medicare and Medicaid. The act, broadly applies to any “health care benefit” program, including commercial insurance.

With their program, HealthValue Group as a healthcare appraisal and consulting firm establishes FMV metrics for various clinical and management services so that healthcare providers can construct deals and arrangements under compliant and ethical terms.

“Over the past 12 to 18 months, we’ve gathered research and data on the nascent business of ‘specimen collection services‘. These specimen collection services are more commonly referred to as testing sites,” Chris David, Managing Partner of HVG mentioned.

Laboratories are required to pay an FMV fee for specimen collection services regardless of how many patient samples they receive in return. The AKS and EKRA laws disallow healthcare providers from paying for certain services based on the volume or value of the services.

HealthValue Group, based in Denver, CO, is a healthcare FMV and appraisal firm with clients in over 28 states. They provide traditional business appraisals of all types of healthcare-related entities. HVG also issues FMV opinions on a myriad of professional and administrative service arrangements. The firm is a trusted advisor and consultant to life science companies, laboratories, health systems, hospitals, CEO, CFOs, compliance officers, in-house counsels, and outside counsels.

A detail of HVG’s COVID-19 specimen collection FMV capabilities can be found at https://healthvaluegroup.com.

Media Contact:
Chris David
[email protected]
http://hvg-fmv.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138094

Danavation Announces Closing of Third Tranche of Private Placement of Units

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Toronto, Ontario–(Newsfile Corp. – September 22, 2022) – Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) (“Danavation” or the “Company“), a Canadian-based Internet of Things (“IoT“) technology company and provider of micro e-paper displays, is pleased to announce that it has closed the third tranche of its previously announced non-brokered private placement through the issuance of 1,452,000 units (each, a “Unit“) at a price of $0.25 per Unit for aggregate gross proceeds of $363,000 (the “Offering“). Each Unit is comprised of one common share in the capital of the Company (each, a “Common Share“) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.35 per Common Share for twenty-four (24) months from the closing of the Offering.

In connection with the Offering, the Company paid a certain eligible person a cash commission of $25,350 and issued 101,400 broker warrants (“Broker Warrants“). Each Broker Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.25 per Common Share for twenty-four (24) months from the closing of the Offering. In addition, the Company issued 102,000 Broker Warrants in connection with the closing of the second tranche of the Offering.

All securities issued pursuant to the Offering are subject to a four month hold period from the date of issuance. Proceeds from the Offering will be used by the Company for working capital and for other general and administrative costs. The Company may close additional tranches of the Offering subject to all required regulatory approvals.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Danavation

Danavation Technologies Corp. is a Canadian-based, Internet of Things (IoT) technology company, providing micro e-paper displays to organizations across North America. The Company’s Digital Smart Labels™, powered by IoT automation technology and software Platform-as-a-Service (PaaS), enables companies across various sectors to automate labelling, price, product, and promotions in real-time, enhancing data accuracy and improving performance by removing high labour costs and low productivity associated with traditional labour-intensive workflows. By empowering the adoption of smart retail, smart cities and industry 4.0, our goal is to create a sustainable and profitable business for shareholders while advancing sound environmental, social and governance practices, including by significantly reducing paper usage. Danavation has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including healthcare providers, manufacturing, and logistics companies. Learn more about the background of Danavation and our vision for the future on our website. As well, follow us on LinkedIn, Instagram, Twitter and YouTube for more updates on how we are transforming the retail landscape.

For further information, please contact:

John Ricci
President & Chief Executive Officer
[email protected]

Cindy Gray
5 Quarters Investor Relations, Inc.
Tel: 1-403-705-5076 | [email protected]danavation.com

Investor Relations – United States

Trevor Brucato, Managing Director
RBMG – RB Milestone Group LLC
New York, NY & Stamford, CT
[email protected] / www.rbmilestone.com

For media relations / management interview requests:

Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or [email protected]

Forward-Looking Information

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forwardlooking statements or information. More particularly and without limitation, this news release contains forwardlooking statements and information relating to, the closing of the Offering, and potential and other matters. The forwardlooking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forwardlooking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forwardlooking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forwardlooking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forwardlooking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES 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/138110

Whatcom Capital II Corp. Enters into a Letter of Intent with Terrazero Technologies Inc. for a Proposed Qualifying Transaction

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Vancouver, British Columbia–(Newsfile Corp. – September 22, 2022) – Whatcom Capital II Corp. (TSXV: WAT.P) (“Whatcom II” or the “Company“) is pleased to announce that it has entered into a letter of intent dated September 21, 2022 (the “LOI“) with Terrazero Technologies Inc. (“TZ“) regarding a proposed transaction to acquire all of the issued and outstanding securities of TZ (the “Transaction“). Upon completion of the Transaction, the combined entity (the “Resulting Issuer“) will continue the business of TZ as a Tier 1 “technology” issuer. The Transaction is intended to constitute the “Qualifying Transaction” of Whatcom II, as such a term is defined in Policy 2.4 – “Capital Pool Companies” of the TSX Venture Exchange (the “Exchange“).

The proposed Transaction is an Arm’s Length Qualifying Transaction pursuant to the policies of the Exchange and, as such, the Company is not required to obtain shareholder approval for the proposed Transaction.

Darren Tindale, Whatcom Capital II Corp., CEO, commented, “We are very excited that Dan Reitzik and his impressive team at Terrazero wish to partner with Whatcom Capital II. In its pursuit of becoming one of the significant players in the Metaverse and Web 3 space, we believe Terrazero is well positioned.”

Dan Reitzik, founder and CEO of Terrazero Technologies Inc. commented, “TerraZero is a well capitalized, revenue producing company with three main business divisions. Our studio division creates immersive metaverse activations for global brands and companies. Our technology division creates solutions to bridge the real world with the virtual world, and our data analytics division aggregates data from across the metaverse to help guide the Company’s and our clients’ decision making. I see the metaverse as simply the next version of the internet as we know it today, but instead of a 2D environment, it is a 3D environment providing greater engagement between brands and consumers, and between people themselves. There will soon be significant consolidation and opportunities in the metaverse and Web 3 space, and TerraZero will be positioned to capitalize on these as needed.”

About Terrazero Technologies Inc.

TZ is a private company and was incorporated on May 28, 2021 by Certificate of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) under the name “Terrazero Technologies Inc.”. TZ is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in helping brands create immersive experiences. The company’s Metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise-level businesses, Metaverse platforms, and Web3 creators can seamlessly bridge and actionably grow their virtual world and the physical world endeavors together as one. TZ owns digital real estate for brands to establish presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the Metaverse. Furthermore, TZ acquires, designs, builds, and operates virtual assets and solutions to monetize the Metaverse ecosystem. The Company’s businesses are segmented into five (5) divisions which include: (1) Immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation, and drive adoption.

See www.terrazero.com for more information.

Proposed Management of the Resulting Issuer

Subject to Exchange approval, on completion of the Transaction, it is currently anticipated that the board of directors of the Resulting Issuer will consist of five (5) directors. Information with respect to certain of the proposed directors and officers of the Resulting Issuer is set forth below:

Dan Reitzik, Founder, CEO & Director

Mr. Reitzik is the founder, Chief Executive Officer and a director of TZ. Mr. Reitzik has years of experience, knowledge and understanding of blockchain, digital assets and cryptocurrency through his previous role as the co-founder and CEO of DMG Blockchain Solutions Inc. (from 2016 to March 2021), a vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem.

Ryan Cheung, CFO, Corporate Secretary & Director

Mr. Cheung is the Chief Financial Officer, Corporate Secretary and a director of TZ. Mr. Cheung, CPA, CA, is founder of MCPA Services Inc. Chartered Professional Accountants, providing accounting, management, securities regulatory compliance services to private and publicly-listed companies. Mr. Cheung also serves as an officer and/or director of a number of publicly-listed companies. Mr. Cheung holds a Bachelor of Commerce degree from the University of Victoria and is a member of the Chartered Professional Accountants of British Columbia. Mr. Cheung was previously worked alongside Dan Reitzik as the Chief Financial Officer of DMG Blockchain Solutions Inc. from September 2017 to July 2021.

Lance Morginn, Director

Mr. Morginn is a director of TZ. Mr. Morginn is the co-founder, President and a director of BIGG Digital Assets Inc. With over 20 years of industry experience in technology-based start-ups, he brings a vast and proven track record for growing and developing businesses from the ground-up. His background includes roles as Founder/CEO/Director in several publicly and privately traded companies.

It is anticipated that the Resulting Issuer will also appoint two additional independent directors.

The Qualifying Transaction

Terms of the Transaction

Subject to the execution of a definitive agreement (“Definitive Agreement“), Whatcom II proposes to acquire from the shareholders of TZ all of the issued and outstanding securities of TZ in exchange for securities of Whatcom II. In consideration under the Transaction, upon closing of the Transaction (“Closing“), Whatcom II will issue: (i) one post-Consolidation (as defined below) common share of Whatcom II (“Payment Shares“) for each common share of TZ; and (ii) one-Payment Share for each Series A1 Preferred share of TZ. The parties anticipate a total of 52,947,539 Payment Shares will be issued to the shareholders of TZ with a deemed issuance price of approximately $0.70 per Payment Share, representing a deemed valuation of TZ of approximately C$37,063,277.

It will be a condition of Closing that immediately prior to Closing there will not be outstanding any securities convertible into shares of TZ other than the existing stock options (the “Options“) and warrants to purchase common shares of TZ (the “Warrants“), and that pursuant to the Transaction, the Options and Warrants will be exchanged or replaced with the equivalent securities of Whatcom II. There are no finder fees payable in connection with the Transaction.

In connection with the Closing, TZ may complete an equity financing by way of a non-brokered private placement financing relying on the prospectus exemptions pursuant to National Instrument 45-106 and other applicable laws, rules and regulations, of subscription receipts, common shares or units of TZ (the “Financing“), to raise gross proceeds of up to $2,000,000, at a price per security to be determined among the parties. Finder’s fees may be paid in connection with the Financing. The Financing is subject to the approval of the Exchange and satisfaction or waiver of all the conditions precedent to the Transaction as set out in the Definitive Agreement. Notwithstanding the foregoing, TZ may issue additional securities in connection with a financing or any other type of transaction (e.g. asset acquisitions) prior to the Closing of the Transaction, with the prior written approval of Whatcom II.

It will be a condition of Closing that Whatcom II will have consolidated its common shares on the basis of one (1) new common share for each three and one-half (3.5) existing common shares (the “Consolidation“). All issued and outstanding securities of Whatcom II will be consolidated on the 3.5:1 ratio pursuant to the Consolidation.

Whatcom II intends to make an application for an exemption from the Exchange’s sponsorship requirements.

The Transaction is conditional upon, among other things:

  1. the parties will have received all necessary regulatory and third-party consents, approvals and authorizations as may be required in respect of the Transaction, including, but without limitation, acceptance of the Exchange;

  2. completion of due diligence to the satisfaction of the parties;

  3. approval of the board of directors of each of Whatcom II and TZ to final terms and conditions of the Transaction as set forth in the Definitive Agreement and all other necessary matters related thereto prior to the signing of the Definitive Agreement;

  4. the signing of the Definitive Agreement;

  5. completion of all matters, and the satisfaction of all conditions (unless waived in writing), under the Definitive Agreement required to be completed or satisfied on or before closing of the Transaction including but not limited to completion of the Financing;

  6. the shareholders of TZ will have approved the Transaction; and

  7. completion by Whatcom II of the Consolidation, effective immediately prior to the closing of the Transaction.

Pre-Closing Capitalization of Whatcom II

As of the date hereof, Whatcom II’s authorized share capital consists of an unlimited number of common shares and an unlimited number of preferred shares, issuable in series, of which 15,000,000 (4,285,714 post-Consolidation) common shares and no preferred shares are issued and outstanding. In addition, Whatcom II has 800,000 (228,571 post-Consolidation) stock options and 755,000 broker warrants (215,714 post-Consolidation) issued and outstanding.

Pre-Closing Capitalization of TZ

As of the date hereof, TZ’s authorized share capital consists of an unlimited number of common shares and an unlimited number of preferred shares, issuable in series, of which 48,047,539 common shares and 4,900,000 Series A1 Preferred shares of TZ are issued and outstanding. In addition, TZ has 4,775,000 Stock Options, 3,200,000 Warrants and 551,288 broker/finder warrants to purchase common shares of TZ issued and outstanding.

Other Information

Whatcom II will issue additional news releases related to the final legal structure and terms of the Transaction, post-Closing capitalization of the Resulting Issuer, Financing terms, financial information regarding TZ, the names and background of insiders of the Resulting Issuer and other material information as it becomes available.

Trading in the shares of Whatcom II is presently halted. The shares of Whatcom II will remain halted until the Transaction is completed and approved by the Exchange.

Contact Information
Darren Tindale
Chief Executive Officer, Chief Financial Officer,
Director and Corporate Secretary
Tel: (604) 376-3567
Email: [email protected]

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and, if applicable, pursuant to the requirements of the Exchange, shareholder approval. 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 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 a capital pool company 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.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements in this news release are forward-looking statements or information, which include completion of the proposed Transaction and related Financing, development of technologies, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, security threats, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, litigation, increase in operating costs, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

There can be no assurance that the proposed Transaction or Financing will be completed or, if completed, will be successful. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138117

Boeing to Pay $200 Million to Settle SEC Charges that it Misled Investors about the 737 MAX

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Washington D.C.–(Newsfile Corp. – September 22, 2022) – The Securities and Exchange Commission today charged The Boeing Company and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019. The crashes involved Boeing’s 737 MAX airplane and a flight control function called the Maneuvering Characteristics Augmentation System (MCAS). According to the SEC’s orders, after the first crash, Boeing and Muilenburg knew that MCAS posed an ongoing airplane safety issue, but nevertheless assured the public that the 737 MAX airplane was “as safe as any that has ever flown the skies.” Later, following the second crash, Boeing and Muilenburg assured the public that there were no slips or gaps in the certification process with respect to MCAS, despite being aware of contrary information.

“There are no words to describe the tragic loss of life brought about by these two airplane crashes,” said SEC Chair Gary Gensler. “In times of crisis and tragedy, it is especially important that public companies and executives provide full, fair, and truthful disclosures to the markets. The Boeing Company and its former CEO, Dennis Muilenburg, failed in this most basic obligation. They misled investors by providing assurances about the safety of the 737 MAX, despite knowing about serious safety concerns. The SEC remains committed to rooting out misconduct when public companies and their executives fail to fulfill their fundamental obligations to the investing public.”

According to the SEC’s order, one month after Lion Air Flight 610, a 737 MAX airplane, crashed in Indonesia in October 2018, Boeing issued a press release, edited and approved by Muilenburg, that selectively highlighted certain facts from an official report of the Indonesian government suggesting that pilot error and poor aircraft maintenance contributed to the crash. The press release also gave assurances of the airplane’s safety, failing to disclose that an internal safety review had determined that MCAS posed an ongoing “airplane safety issue” and that Boeing had already begun redesigning MCAS to address that issue, according to the SEC’s orders.

Approximately six weeks after the March 2019 crash of Ethiopian Airlines Flight 302, another 737 MAX, and the grounding by international regulators of the entire 737 MAX fleet, Muilenburg, though aware of information calling into question certain aspects of the certification process relating to MCAS, told analysts and reporters that “there was no surprise or gap . . . that somehow slipped through [the] certification process” for the 737 MAX and that Boeing had “gone back and confirmed again . . . that we followed exactly the steps in our design and certification processes that consistently produce safe airplanes.”

“Boeing and Muilenburg put profits over people by misleading investors about the safety of the 737 MAX all in an effort to rehabilitate Boeing’s image following two tragic accidents that resulted in the loss of 346 lives and incalculable grief to so many families,” said Gurbir S. Grewal, Director of the SEC’s Enforcement Division. “But public companies and their executives must provide accurate and complete information when they make disclosures to investors, no matter the circumstances. When they don’t, we will hold them accountable, as we did here.”

The SEC’s orders against Boeing and Muilenburg find that they negligently violated the antifraud provisions of federal securities laws. Without admitting or denying the SEC’s findings, Boeing and Muilenburg consented to cease-and-desist orders that include penalties of $200 million and $1 million, respectively. A Fair Fund will be established for the benefit of harmed investors pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002.

The SEC’s investigation was conducted by Ibrahim Sajalieu Bah, Kenneth Gottlieb, Derek Schoenmann, Heather Shaffer, and Tian Wen of the New York Regional Office with assistance from Richard Hong of the Trial Unit. The case was supervised by Celeste Chase and Sanjay Wadhwa. The SEC appreciates the assistance of the Department of Justice Criminal Division’s Fraud Section and the Federal Bureau of Investigation.

Hall Private Wealth Advisors Unveils Initiative to Help Business Owners

0

San Diego, California–(Newsfile Corp. – September 22, 2022) – Hall Private Wealth Advisors, an American Financial Advisory firm offering investment management and oversight services, is launching an initiative to help strengthen and amplify business owners’ retirement planning. The initiative incorporates a fresh and simplified approach on how to accomplish short-term and long-term goals, minimize portfolio fees, understand investment performance, and ultimately educate clients on what they’re invested in.

Within this initiative, Hall Private Wealth Advisors is offering high-net-worth senior executives and business owners, a comprehensive comparison and learning experience of investment management including consolidated portfolio reporting, taxable income considerations, family office services, and more.

“We find a lot of potential clients have confusion or an unwillingness to learn about investing, and they’re wary of complications and being able to trust firms,” says Hall Private Wealth Advisors Managing Director Russell Hall. “With this initiative, we’re ensuring that every single client knows the ins and outs of our methodologies so that they can trust us to focus on their needs.”

The initiative also aims to address the concerns brought up by one recent Wall Street Journal article. This study highlights that managers of almost 40 percent of mutual stock funds in the U.S. “move the goalposts” to mask underperformance. 

In addition to underperformance, potential conflicts of interest typically are not fully appreciated by investors. “Banks, RIA’s, and other asset managers can and do get compensated by the fund providers that they include in client portfolios. In other words, many of these companies are soliciting investment advisors, inviting them to fancy conferences and golf outings, as well as paying for portfolio management software as a way to angle for their business,” outlined Clark Evans, an advisor at HPWA.

“We’ve noticed that a lot of people we speak with are unaware, confused, or overwhelmed when it comes to learning about investing,” says Russell Hall. “Our approach is to educate and to do the ‘right thing’ on their behalf.” 

Hall Private Wealth Advisors offers planning, investment management, and oversight. Taking a holistic approach to wealth management is a cornerstone of their focus. Drawing on decades of industry experience, Russell launched Hall Private Wealth Advisors and began building a team of like-minded advisors from the ground up. Collectively, the firm has over 100 years of wealth management experience, having weathered many economic cycles. 

Interested investors are invited to get better acquainted and see what a fresh perspective can bring to their financial situation. To learn more visit https://hallpwa.com/

Contact details

Hall Private Wealth Advisors
Russell Hall
858-263-1677
[email protected]
https://hallpwa.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137249

CSE Bulletin: Name and Symbol Change – EEE Exploration Corp. (EEE)

0

Toronto, Ontario–(Newsfile Corp. – le 22 septembre/September 2022) – EEE Exploration Corp. (EEE) has announced a name and symbol change to Spod Lithium Corp. (SPOD).

Shares will begin trading under the new name and symbol and with a new CUSIP number on September 26, 2022.

Disclosure documents are available at www.thecse.com

Please note that all open orders will be cancelled at the end of business on September 23, 2022. Dealers are reminded to re-enter their orders.

_________________________________

EEE Exploration Corp. (EEE) a annoncé un changement de nom et de symbole pour Spod Lithium Corp. (SPOD).

Les actions commenceront à être négociées sous le nouveau nom et le nouveau symbole et avec un nouveau numéro CUSIP le 26 septembre 2022.

Les documents d’information sont disponibles sur www.thecse.com

Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 23 septembre 2022. Les concessionnaires sont priés de saisir à nouveau leurs commandes.

Effective Date/ Date effective :

le 26 septembre/September 2022

Old Symbol/Vieux symbole :

EEE
New Symbol/Nouveau symbole : SPOD

New CUSIP/ Nouveau CUSIP :

84863Q 10 2

New ISIN/ Nouveau ISIN :

CA 84863Q 10 2 8

Old/Vieux CUSIP & ISIN :

26844X102/CA26844X1024

 

If you have any questions or require further information, please contact Listings at (416) 367-7340 or E-mail: [email protected]

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: [email protected]

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