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CSE Bulletin: Name Change – CAVU Mining Corp. (CAVU)

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Toronto, Ontario–(Newsfile Corp. – le 18 mai/May 2022) – CAVU Mining Corp. has announced a name change to CAVU Energy Metals Corp.

Shares will begin trading under the new name and with a new CUSIP number on May 20, 2022.

The symbol will remain the same.

Disclosure documents are available at www.thecse.com.

Please note that all open orders will be cancelled at the end of business on May 19, 2022. Dealers are reminded to re-enter their orders.

_________________________________

CAVU Mining Corp. a annoncé un changement de nom pour CAVU Energy Metals Corp.

Les actions commenceront à être négociées sous le nouveau nom et avec un nouveau numéro CUSIP le 20 mai 2022.

Le symbole restera le même.

Les documents de divulgation sont disponibles sur www.thecse.com.

Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 19 mai 2022. Les concessionnaires sont priés de saisir à nouveau leurs commandes.

Effective Date/ Date effective :

le 20 mai/May 2022

Symbol/ symbole :

CAVU

New CUSIP/ Nouveau CUSIP :

14964E 10 4

New ISIN/ Nouveau ISIN :

CA 14964E 10 4 3

Old/Vieux CUSIP & ISIN :

14965K109/CA14965K1093

 

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]

Pivotal and GFI Announce Closing of Private Placement Offerings of GFI Subscription Receipts for Gross Proceeds of $3.6 Million

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Toronto, Ontario–(Newsfile Corp. – May 18, 2022) – Pivotal Financial Corp. (TSXV: PIV.P) (“Pivotal“), a capital pool company (“CPC“) listed on the TSX Venture Exchange (the “Exchange“), and Global Food and Ingredients Inc. (“GFI“), a private corporation incorporated under the Canada Business Corporations Act (the “CBCA“) with operations in the plant-based food and ingredients industry, are pleased to announce that GFI has closed its previously announced brokered private placement (the “Offering“) of approximately 1.97 million subscription receipts (each, a “Subscription Receipt“) at a price of $1.25 per Subscription Receipt (the “Offering Price“) for aggregate gross proceeds of approximately $2.5 million. The Offering was led by Echelon Capital Markets (“Echelon“) as sole bookrunner and co-lead agent and PI Financial Corp as co-lead agent, along with Canaccord Genuity Corp. (collectively, the “Agents“).

In addition to the Offering, GFI has completed a non-brokered offering (the “Non-Brokered Offering“) of 879,000 Subscription Receipts on the same terms as the Offering for aggregate gross proceeds of approximately $1.1 million.

The Offering and the Non-Brokered Offering were conducted in connection with the proposed business combination between Pivotal and GFI (the “Proposed Transaction“), as previously announced and described in press releases dated August 9, 2021, November 8, 2021, January 17, 2022 and April 11, 2022, that would result in the reverse takeover of Pivotal by GFI (Pivotal, as it will exist following the completion of the Proposed Transaction, the “Resulting Issuer“) and would constitute Pivotal’s “Qualifying Transaction” as such term is defined under Policy 2.4 – Capital Pool Companies of the Exchange.

Upon the satisfaction of certain escrow release conditions customary for this type of transaction (the “Escrow Release Conditions“), each Subscription Receipt will, pursuant to its terms and pursuant to the Proposed Transaction, result in the holder thereof being issued, for no additional consideration and without any further action by its holder, one unit of the Resulting Issuer (a “Resulting Issuer Unit“). Each Resulting Issuer Unit will be comprised of one common share of the Resulting Issuer (a “Resulting Issuer Share“) and one warrant to purchase common shares of the Resulting Issuer (a “Resulting Issuer Warrant“). Each Resulting Issuer Warrant will entitle the holder thereof to acquire one additional Resulting Issuer Share at an exercise price of $1.75 at any time on or prior to the second anniversary of the closing date of the Proposed Transaction.

The gross proceeds of the Non-Brokered Offering and gross proceeds of the Offering (less 50% of the Cash Commission (as defined below) and all of the Agents’ expenses incurred before the closing of the Offering) will be held in escrow by TSX Trust Company (the “Escrow Agent“) and invested pursuant to the terms of a subscription receipt agreement. If the Escrow Release Conditions are not satisfied prior to 5:00 p.m. (EST) on September 15, 2022 (the “Escrow Deadline“), the Escrow Agent will return to holders of Subscription Receipts an amount equal to the aggregate Offering Price of the Subscription Receipts held by them and their pro rata portion of any interest earned thereon.

The net proceeds from the Offering and the Non-Brokered Offering are intended to be used for marketing and other costs incurred for the development of new product offerings and United States launch of the Resulting Issuer’s plant-based consumer packaged goods, consisting of the YoFiit, Bentilia and Five Peas in Love brands and for general working capital. The Resulting Issuer’s vision is to become a vertically integrated farm-to-fork plant-based company providing traceable, locally sourced, healthy and sustainable food and ingredients. Through recent acquisition and development activities, GFI now offers a full suite of plant-based consumer packaged goods with over 20 SKUs under the YoFiit, Bentilia and Five Peas in Love brands, in addition to its established and rapidly growing plant-based foods and ingredients business lines that supply customers in 37 countries.

In connection with the Offering, the Agents received: (i) a cash commission of $163,467.50 (the “Cash Commission“), 50% of which was paid to the Agents on closing while the remaining 50% of the Cash Commission will be payable upon the satisfaction of the Escrow Release Conditions, and (ii) broker warrants (the “GFI Broker Warrants“) of GFI that will, upon conversion into broker warrants of the Resulting Issuer pursuant to the Proposed Transaction, entitle the holder to acquire at the Offering Price 123,910 Resulting Issuer Units at any time on or prior to the second anniversary of the closing date of the Proposed Transaction. If the Escrow Release Conditions are not satisfied on or before the Escrow Deadline, the GFI Broker Warrants will be immediately cancelled. Further, the Corporation paid Echelon a corporate finance advisory fee of $28,580 (inclusive of applicable taxes).

In connection with the Non-Brokered Offering, the Corporation paid a finder’s fee of $23,450 and issued finder’s warrants of GFI to an arm’s length finder that will, upon conversion into finder’s warrants of the Resulting Issuer pursuant to the Proposed Transaction, entitle the holder thereof to acquire at the Offering Price 18,760 Resulting Issuer Units at any time on or prior to the second anniversary of the closing date of the Proposed Transaction.

In addition, GFI, Pivotal and 1347669 Canada Inc., a wholly-owned subsidiary of Pivotal, entered into an amended and restated business combination agreement dated May 17, 2022 (the “A&R Business Combination Agreement“), which amends and restates the business combination agreement dated November 5, 2021 among the same parties. Pursuant to the A&R Business Combination Agreement, the parties agreed to extend the outside date for the Proposed Transaction, and make certain other additions and changes to generally reflect developments arising since the date of the original agreement (among some other ancillary matters). The parties intend to close the Proposed Transaction before the end of June 2022.

About GFI

GFI was incorporated under the provisions of the CBCA on April 19, 2018. GFI is a fast-growing Canadian owned and operated plant-based food and ingredients company, connecting the local farm to the global supply chain for peas, beans, lentils, chickpeas and other high protein specialty crops. GFI is organized into four primary business lines: Pea Protein Inputs, Plant-Based Ingredients, Plant-Based Pet Food Ingredients and Plant-Based Consumer Packaged Goods. Headquartered in Toronto, GFI buys directly from its extensive network of farmers, processes its products locally at its four wholly-owned processing facilities in Western Canada and ships to 37 countries across the world.

GFI’s vision is to become a vertically integrated farm-to-fork plant-based company providing traceable, locally sourced, healthy and sustainable food and ingredients. Through recent acquisition and development activities, GFI now offers a full suite of Plant-Based Consumer Packaged goods with over 20 SKUs under the YoFiit, Bentilia and Five Peas in Love brands.

About Pivotal

Pivotal is a CPC within the meaning of the policies of the Exchange that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the policies of the Exchange, until the completion of its “Qualifying Transaction” (as defined therein), Pivotal will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.

Contact Information

For further information, please contact:

Pivotal Financial Corp
C. Fraser Elliott, President and CEO
Phone: 416-567-3276
Email: [email protected]

Global Food and Ingredients Inc.
Bill Murray, CFO
Phone: 416-840-6801
Email: [email protected]

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Pivotal and GFI’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the use of proceeds from the Offering and the Non-Brokered Offering, the completion of the Proposed Transaction and the related timeline for completion, YoFiit’s R&D project and related product developments, the projected growth in the plant-based food and ingredients industry, and GFI’s business objectives and vision. Such statements and information reflect the current view of Pivotal and GFI. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

There are a number of risk factors that could cause Pivotal and/or GFI’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history; disruptions or changes in the credit or security markets; product health and safety concerns and recalls; supply chain instability; competition; general market and industry conditions; and the impact of the COVID-19 pandemic.

Pivotal and GFI caution that the foregoing list of material factors is not exhaustive. When relying on Pivotal and/or GFI’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Pivotal and GFI have assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

All information contained in this news release with respect to GFI and the Resulting Issuer was supplied by GFI for inclusion herein, and Pivotal and its directors and officers have relied on GFI for all such information concerning such parties.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in securities of a capital pool company should be considered highly speculative.

This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

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 press release.

/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/124568

1319472 B.C. Ltd. Announces Proposed RTO with Meta World Corporation

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Toronto, Ontario–(Newsfile Corp. – May 18, 2022) – 1319472 B.C. Ltd. (“131“) and Meta World Corporation (“MetaWorld“) are pleased to announce the execution of a binding letter agreement (the “Letter Agreement“) which, subject to certain conditions and applicable shareholder and regulatory approvals, will result in a reverse takeover of 131 by MetaWorld (the “Proposed Transaction“). The resulting issuer from the Proposed Transaction (the “Resulting Issuer“) will carry on the current business of MetaWorld.

MetaWorld Financings

Prior to the closing of the Proposed Transaction: (i) MetaWorld intends to complete a private placement offering of MetaWorld shares to raise gross proceeds of approximately $1,000,000 at $0.15 per share (the “Seed Financing“); and (ii) either MetaWorld or 131 intends to complete a private placement offering of subscription receipts at $0.25 per subscription receipt for aggregate gross proceeds of up to $5,000,000, with each subscription receipt being converted automatically into units upon the completion of the Proposed Transaction and satisfaction of customary escrow release conditions, whereby each unit consists of one common share and (ii) one common share purchase warrant exercisable at $0.35 for two years from closing of the Proposed Transaction (the “Concurrent Financing“).

About MetaWorld

MetaWorld is a Canadian private company focused on the acquisition, development, and commercialization of digital assets on web 3.0 applications, namely the metaverse. MetaWorld currently owns 100% of faceless avatars, a metaverse platform provider which has developed an ecosystem where it has successfully designed, minted and commercialized digital assets in the metaverse (“Faceless Avatars”).

The Letter Agreement

Under the terms of the Letter Agreement, the Proposed Transaction is anticipated to be completed through a business combination by way of an amalgamation, arrangement, share exchange, or other similarly structured transaction pursuant to the Business Corporations Act (Ontario) whereby a wholly owned subsidiary of 131 will amalgamate with MetaWorld and the Resulting Issuer would continue on with the business of MetaWorld. In connection with the Proposed Transaction, 131 will: (i) reconstitute its board of directors and senior officers to be comprised of the nominees of MetaWorld, and, if applicable, increase the size of its board of directors (the “Board and Management Rotation“); (ii) change its name to one determined by MetaWorld in its sole discretion (the “Name Change“); (iii) adopt a new stock based compensation plan (the “Stock Based Compensation Plan“); and (iv) complete either a consolidation or a split of the common shares in the capital of 131 (the “131 Shares“), immediately prior to the closing of Proposed Transaction on a basis that results in the number of post-adjusted 131 Shares (the “Adjusted 131 Shares“), inclusive of any 131 Shares issued pursuant to any financing completed by 131, being equal to a maximum of 14,000,000 common shares (the “Adjustment”).

The Letter Agreement includes a number of conditions, including but not limited to, receipt of requisite shareholder approvals including the approval of the shareholders of 131 and MetaWorld, the completion of the Name Change, Board and Management Rotation, Adjustment, adoption of the Stock Based Compensation Plan, and approvals of all regulatory bodies having jurisdiction in connection with the Proposed Transaction and other closing conditions customary to transactions of the nature of the Proposed Transaction.

131 is a reporting issuer under the securities laws of the Provinces of British Columbia and Alberta. The 131 Shares are currently not posted for trading on any marketplace. The Resulting Issuer intends to apply to list its common shares on the NEO Exchange or another Recognized Exchange (as defined in the NEO Exchange Listing Manual) (the “Exchange“) and, if and upon the satisfaction of the Exchange’s initial listing requirements, the common shares of the Resulting Issuer are expected to begin trading on the Exchange following the closing of the Proposed Transaction.

Pursuant to the terms of the Letter Agreement, and in connection with the Proposed Transaction:

(a) holders of MetaWorld will receive one 131 Share post-Adjustment for each MetaWorld share held; and

(b) all outstanding broker warrants and other convertible securities of MetaWorld will be exchanged for equivalent securities of 131.

Management of the Resulting Issuer

Subject to applicable shareholder and regulatory approval, upon completion of the Proposed Transaction, the board of directors and management of the Resulting Issuer will be selected by MetaWorld as noted above and the parties will provide further information on the board and management nominees at a later date.

Additional Information

Investors are cautioned that, except as disclosed in the management information circular or listing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

All information contained in this press release with respect to 131 and MetaWorld was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

The 131 Shares have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

For additional information on 1319472 B.C. Ltd.:

Binyomin Posen
Chief Executive Officer, Chief Financial Officer & Director
416 481 2222
[email protected]

For additional information on Meta World Corporation:

Mohamed Yasser Khokhar
Chief Executive Officer and Director
647 773 1131
[email protected]
www.MetaWorldcorp.com

About 131

As of the date hereof and 131 does not carry on an active business and is not currently listed on a stock exchange. 131 is presently engaged in identifying and evaluating suitable assets or businesses to acquire or merge with, with a view to maximizing value for shareholders.

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company’s ability to complete the Proposed Transaction; the ability of the Company to complete the Board and Management Rotation, Adjustment, Name Change and adopt the Stock Based Compensation Plan; the ability of the Company and MetaWorld to receive the requisite approvals of all regulatory bodies having jurisdiction in connection with the Proposed Transaction; and the ability of the Company to fulfill the listing requirements of the Exchange.

Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company will complete the Board and Management Rotation, Adjustment, Name Change and adopt the Stock Based Compensation Plan; the Company will complete the Proposed Transaction; and the ability of the Company to fulfil the listing requirements of the Exchange.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company’s and/or MetaWorld’s operations; the Company’s inability to complete the Proposed Transaction; the inability of the Company to complete the Board and Management Rotation, Adjustment, Name Change and/or adopt the Stock Based Compensation Plan; the inability of the Company and MetaWorld to receive the requisite approvals of all regulatory bodies having jurisdiction in connection with the Proposed Transaction; and the risks associated with the Company’s ability to meet Exchange listing guidelines.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124563

Ingenico to enable the rollout of Alipay+ to millions of merchants and thousands of banks and acquirers with PPaaS, its cloud-based Payments Platform as a Service

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Ingenico, a Worldline brand, and Ant Group today announced details of their partnership that will allow acquirers and other payment service providers to implement Alipay+ seamlessly across their merchant networks using Ingenico’s PPaaS (Payments Platform as a Service) cloud-based solution.

PPaaS, leverages the power of the payments ecosystem by combining payments with added-value services for the new world of commerce. Integrating Alipay+ onto its cloud-based platform paves the way for a faster rollout of Alipay+ services to its clients and their merchants. Ingenico’s PPaaS clients – which include acquirers, payment service providers and Independent Software Vendors – will be able to configure Alipay+ on their payment terminals without the need for complex and expensive development, rollout and certification. Benefitting from this simplicity, Alipay+ will be able to extend its reach and accelerate its development, bringing its services – and users – to merchants seamlessly and quickly.

Launched in 2020, Alipay+ is a suite of global cross-border digital payments and marketing solutions operated by Ant Group. It supports a wide range of digital payments methods, including e-wallets, bank apps and buy-now-pay-later services, such as GCash in the Philippines, Kakao Pay in South Korea, Klarna in Europe as well as Alipay in China.

With innovative technologies and solutions, Alipay+ brings an easy way to capture digital-first customers and makes it easier and more convenient for merchants to serve users of leading digital payment service providers, especially those from Asia market. Especially, with the one-stop integration feature provided by Alipay+, payment services and merchants can access all existing and later-onboarded digital payment methods brought by the solution through a unified interface and standardized business rules, and without additional technical adaption.

Speaking about the partnership, which was announced at Paytech 2022 held in Lisbon on 18-19 May, Michael Balzer, PPaaS Director of Strategic Partnerships said: “PPaaS is all about enabling our clients to make new payment and commerce services available quickly and easily to their merchants. Alipay+ is a priority for many of our clients and they recognize that PPaaS will help them accelerate the rollout of this innovative solution to their merchants, allowing them to win and retain customers. This partnership with Alipay+ is a natural continuation of our partnership with Ant Group, one of PPaaS’ original Foundation Partners and a valuable source of advice and inspiration as we built our platform.”

Alice Zhan, Head of Marketing in Europe for Ant Group, commented: “Alipay+ provides innovative payment and marketing solutions that gives merchants the opportunity to reach more than 1 billion users of digital payment methods from Asia. We believe that through our cooperation with Ingenico, millions of merchants in Europe, connecting to Ingenico’s acquirers and payment institutions, can integrate to Alipay+ more efficiently and smoothly. Alipay+ will work together with Ingenico to better serve the merchants in Europe to connect to this large group of Asian consumers.”

RBC unveils revolutionary authentication tool that bolsters client security

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Today RBC is introducing a ground-breaking technology to further protect its clients’ most personal information online. Built within the RBC Mobile App, clients can now use their personal PIN with their client card or biometrics to securely authenticate themselves on their mobile phone. For Android users, the App uses Near-Field Communications (NFC), enabling clients to simply tap their RBC client card before inputting their PIN. This additional layer of security and method to authenticate through a mobile app is one of the first instances of this technology being used by any bank worldwide. For iOS users, clients can use biometrics enabled on their device before inputting their PIN.

“Clients trust us with some of their most sensitive and personal information, and we take that responsibility seriously,” said Peter Tilton, Chief Digital Officer, Personal & Commercial Banking, RBC. “As Canadians increasingly choose to bank digitally, it is more important than ever that we empower them with the tools they need to safely manage their money. PIN on Mobile, with its industry-leading digital security patterns, is yet another way RBC is striving to make RBC Mobile the safest and most trusted banking app in the world for our clients.”

This additional level of protection is timely, as Canadians have been feeling the impact of the increase of fraud attempts during the pandemic. According to RBC’s 2022 Fraud Prevention Month Poll, 48% of respondents say fraudsters have increasingly targeted them since the start of the pandemic, compared to 22% in 2021. And Canadians aren’t just feeling the increase in fraud attempts—the amount Canadians are losing to fraud is also on the rise. According to the Canadian Anti-Fraud Centre, in 2021, there was $379 million in reported losses from fraud compared to $160 million in 2020.

To begin, clients can use this new method to authenticate when resetting their online banking password. Over the next several months, it will be scaled across RBC to support a wide range of other applications.

“Historically, financial institutions around the world have supported three methods of authenticating clients: card & PIN, digital login and password, and knowledge-based questions,” said Rami Thabet, Senior Vice-President, Digital Sales & Advice, RBC. “Until today, these methods of authentication have had limited interplay leading to inefficiencies. The world-class technology at the heart of this new feature allows us to bring these security patterns together on a client’s mobile device to better protect them from fraud caused by identity theft.”

As PIN is a universally trusted and accepted method of authentication, it will help prevent fraud and make users feel more secure when banking and transacting online. The PIN on Mobile solution, often referred to as PIN on Commercial-Off-The-Shelf Devices (COTS), has been developed in partnership with MYPINPAD, a leader in Payment Card Industry (PCI) certified software-based payments acceptance solutions.

Clients also benefit from RBC’s digital security tools like ID Verification2-Step VerificationCard Lock, two-way fraud alerts and fraud monitoring, in addition to the RBC Digital Banking Security Guarantee.

This new, industry-leading digital capability is a demonstration of RBC’s long-standing commitment to add value, enhance security and create peace of mind for clients as they manage their finances digitally.

Olive Resource Capital Announces Agreement to Acquire C$2.5M Portfolio of Assets

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Toronto, Ontario–(Newsfile Corp. – May 18, 2022) – Olive Resource Capital Inc. (TSXV: OC) (“Olive” or the “Company”) is pleased to announce that it has entered into an agreement with CannaIncome Fund Corporation (“CiF”) to acquire a portfolio of assets (the “Transaction”) consisting of public equities, private equities, debt, convertible debt and warrants, having a deemed value of C$2,459,122.70 in exchange for 25,831,231 common shares of Olive (each a “Common Share”), representing a deemed issue price of $0.095 per Common Share, subject to adjustment. The Common Shares being issued to CiF are to be transferred to CiF’s securityholders immediately following closing as part of the wind-up of CiF’s business. The number of Common Shares to be issued remains subject to adjustment on a basis to be agreed 10 days prior to closing, if the relative value of the CiF portfolio has changed by more than 10%. The Transaction remains subject to a number of conditions, including receipt of the approval of the CiF shareholders and of the TSX Venture Exchange (the “TSXV”) and receipt of certain consents and approvals required to transfer some of the assets.

Derek Macpherson, Executive Chairman and Director stated; “We are pleased to execute on this first step, albeit a small one, in our strategy to expand Olive’s asset base with this net asset value based transaction. We would like to thank the management team at CannaIncome Fund for working with us to reach this agreement. We plan to continue to pursue accretive acquisitions to expand our asset base.”

Samuel Pelaez, President, CEO, CIO, and Director stated; “We are adding quality assets to our portfolio, while reducing the portfolio weight of our largest holdings. The resulting portfolio is more diversified and retains exposure to near-term catalysts, both for the legacy assets and for some of the assets acquired.”

Benefits of the Transaction

Acquiring Quality Assets – The Transaction will result in the acquisition by Olive of quality convertible debentures, along with private and public equities, a number of which have near-term catalysts which could present upside for shareholders of Olive.

Expanding Olive’s Asset Base – One of Olive’s stated goals is to expand its investable assets, such that the operating costs of Olive, relative to its assets are more in line with traditional investment vehicles. While this is a small step towards achieving that goal, it is an important one.

Diversification – The investments proposed to be acquired provide diversification to Olive’s current portfolio. Included are a number of income generating securities, providing diversity to Olive’s majority equity portfolio. While Olive continues to be resource-focused and the majority of its investments continue to be in resources, the acquired assets add several quality non-resource investments. In addition, the acquired assets reduce the weight of and exposure to single investments in Olive’s portfolio.

Valuation

The C$2,459,122.70 value determined for CiF’s assets was based on arm’s length negotiations between the parties based on observable metrics (e.g. share price for public equities or face value plus accrued interest for convertible debentures) with some adjustments based on multiple factors including liquidity and the quality of the underlying assets.

The 25,831,231 Common Shares to be issued in connection with the Transaction represent a deemed price per Common Share of C$0.095.

The terms of the Transaction (value of CiF portfolio and shares issued by Olive) are subject to a valuation test 10-days before closing. Should the relative value of the portfolios change by more than 10%, the value ascribed to CiF’s assets and the Common Shares to be issued by Olive would be adjusted based on good faith negotiations at the time. If Olive and CiF are unable to reach agreement on the value of the assets and number of Common Shares to be issued as consideration, either of Olive or CiF will have the ability to terminate the agreement upon written notice.

Assets Acquired

The assets acquired are a combination of public equities, including common shares and common share purchase warrants in five public companies, including Guided Therapeutics (OTCQB:GTHP), Canadian Premium Sand (TSXV:CPS), Tag Oil (TSXV:TAO), Gold79 Mines (TSXV:AUU) and Radio Fuels Energy (CSE: CAKE) representing approximately 16% of the ascribed value; convertible debentures and debt instruments in three public companies including Guided Therapeutics, Stem Holdings ((OTCQX: STMH) (CSE: STEM)) and Discover Wellness (CSE:WLNS), representing approximately 24% of the ascribed value; and common shares and convertible debentures in a number of private companies, including The Newly Institute, Maack Capital, Black Sheep Income and Everyday People Financial, representing approximately 60% of the ascribed value. The public and private equities are companies in mining, oil and gas and healthcare industries. The debt is related to a real property asset held by Discover Wellness, a healthcare company. The convertible debentures are in respect of companies in the real estate, financial and healthcare industries, two of which are anticipated to convert in the near-term. A more fulsome description of the significant assets to be acquired will be provided on closing.

Among the assets are common shares and common share purchase warrants of Gold79 Mines Ltd. (TSXV:AUU), representing approximately 3.5% of the value ascribed to the CiF portfolio. Derek Macpherson is the Executive Chairman and a Director of Olive Resource Capital and President, CEO, and a Director of Gold79 Mines Ltd.

Closing

Since the transaction requires among other things, the approval of CiF shareholders, which is to be secured at a meeting, closing is expected to occur within approximately 60 days.

About Olive Resource Capital Inc. (formerly Norvista Capital Corp):

Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed securities issued by companies engaged in precious and base metal exploration and development. The Company’s core investments include Minera Alamos Inc., Rockcliff Metals Corporation, Great Bear Royalties Corp., and Nevada Zinc Corp.

For further information, please contact:

Derek Macpherson, Executive Chairman at [email protected] or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at [email protected] or by phone at (202)677-8513. Olive’s website is located at www.olive-resource.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking information within the meaning of applicable Canadian securities legislation (“forward-looking information”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. All information contained in this press release, other than statements of current and historical fact, is forward looking information. Forward-looking information contained in this press release may include, without limitation, expected timing for closing of the Transaction, the ability of the Company to secure the required approvals and consents to close the Transaction, receipt of the approval of the TSX Venture Exchange, the ability to successfully negotiate an adjustment to the purchase price if there is significant volatility in the market prior to closing and the value and expected performance of the assets to be acquired in the Transaction.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and those risks set out in the Company’s public documents filed on SEDAR. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.

This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124470

TENCENT ANNOUNCES 2022 FIRST QUARTER RESULTS

0

 

Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the first quarter (“1Q2022”) ended March 31, 2022.

1Q2022 Key Highlights

Revenues: stable YoY, non-IFRS[1] profit attributable to equity holders of the Company: 23% YoY

Total revenues were RMB135.5 billion (USD21.3 billion[2]), stable over the first quarter of 2021 (“YoY”).

  • On a non-IFRS basiswhich is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
    –  Operating profit was RMB36.5 billion (USD5.8 billion), a decrease of 15% YoY. Operating margin decreased to 27% from 32% last year.
    –  Profit for the period was RMB26.3 billion (USD4.1 billion), a decrease of 24% YoY. Net margin decreased to 19% from 26% last year.
    –  Profit attributable to equity holders of the Company for the quarter was RMB25.5 billion (USD4.0 billion), a decrease of 23% YoY.
    –  Basic earnings per share were RMB2.678Diluted earnings per share were RMB2.620.
  • On an IFRS basis:
    –  Operating profit was RMB37.2 billion (USD5.9 billion), a decrease of 34% YoY. Operating margin decreased to 27% from 42% last year.
    –  Profit for the period was RMB23.7 billion (USD3.7 billion), a decrease of 52% YoY. Net margin decreased to 18% from 36% last year. 
    –  Profit attributable to equity holders of the Company for the quarter was RMB23.4 billion (USD3.7 billion), a decrease of 51% YoY.
    –  Basic earnings per share were RMB2.455. Diluted earnings per share were RMB2.404.
  • Total cash were RMB304.1 billion (USD47.9 billion) at the end of the period.

Mr. Ma Huateng, Chairman and CEO of Tencent, said, “During the challenging first quarter of 2022, we implemented cost control initiatives and rationalised certain non-core businesses, which would enable us to achieve a more optimised cost structure going forward. We utilised tools such as Mini Programs, Tencent Meeting, and WeCom to help enterprises and consumers weather the resurgence of COVID-19 in China, and continued investing in strategic growth areas including enterprise software, Video Accounts and international games. Looking forward, we will sharpen our focus and sustain our innovation through challenges and cycles, and continue to create value for our users, partners, and society.”

[1] Non-IFRS adjustments exclude share-based compensation, M&A related impact such as net (gains)/losses from investee
companies, amortisation of intangible assets and impairment provisions/(reversals), SSV & CPP, income tax effects and others

[2] Figures stated in USD are based on USD1 to RMB6.3482

1Q2022 Financial Review

Revenues from VAS[3] were RMB72.7 billion for the first quarter of 2022, broadly stable compared to the first quarter of 2021. Domestic Games revenues decreased by 1% to RMB33.0 billion, as direct and indirect effects of the minor protection measures impacted active user and paying user counts. During the quarter, the incremental revenues generated by recently launched games, such as League of Legends: Wild Rift and Fight of The Golden Spatula, were largely offset by the decrease in revenues from games such as Moonlight Blade Mobile and Call of Duty Mobile. International Games revenues grew by 4% to RMB10.6 billion, reflecting an increase in revenues from games including VALORANT and Clash of Clans, partly offset by a decrease in revenues from PUBG Mobile as user spending normalised post-COVID. Social Networks revenues grew by 1% to RMB29.1 billion, reflecting increased revenue from our Video Accounts live streaming service, largely offset by decreased revenues from music- and games-related live streaming services.

Revenues from Online Advertising decreased by 18% to RMB18.0 billion for the first quarter of 2022 on a year-on-year basis, reflecting weak demand from advertiser categories including education, Internet services and eCommerce, plus regulatory changes impacting the online advertising industry itself, partly offset by solid demand from the FMCG category, as well as our consolidation of Sogou’s advertising revenue. Social and Others Advertising revenues decreased by 15% to RMB15.7 billion, primarily due to sharply lower advertising revenues from our mobile advertising network, which was particularly affected by the regulatory changes, partly offset by greater advertising revenues from Official Accounts, driven by the popularity of notification feeds ads. Media Advertising revenues decreased by 30% to RMB2.3 billion, reflecting lower advertising revenues from our media platforms including Tencent News and Tencent Video, partly offset by advertising revenue contribution from the Beijing 2022 Winter Olympics.

Revenues from FinTech and Business Services increased by 10% to RMB42.8 billion for the first quarter of 2022 on a year-on-year basis. FinTech Services year-on-year revenue growth moderated as COVID-19 resurgence in March 2022 impacted commercial payment volume. Business Services revenue recorded a mild year-on-year decrease, as we repositioned our IaaS service from revenue scale-up at all costs to self-sustained growth, and proactively reduced loss-making contracts.

Other Key Financial Information for 1Q2022

EBITDA was RMB38.3 billion, down 22% YoY. Adjusted EBITDA was RMB46.1 billion, down 13% YoY.
Capital expenditures were RMB7.0 billion, down 10% YoY.
Free cash flow was RMB15.2 billion, down 54% YoY.

As at March 31, 2022, net debt position totalled RMB11.0 billion. Fair value of our shareholdings[4] in listed investee companies (excluding subsidiaries) totalled RMB606.0 billion (USD95.5 billion). During the first quarter, the Company repurchased approximately 8.9 million shares on the Hong Kong Stock Exchange for an aggregate consideration of approximately RMB3.0 billion (USD474 million).

[3] From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments
under VAS, reflecting the increasing scale of our International Games business. Mobile games VAS revenues (including mobile
games revenues attributable to our Social Networks business) decreased by 3% year-on-year to RMB40.3 billion, while PC client
games revenues grew by 2% year-on-year to RMB12.1 billion for the first quarter of 2022.

[4] Including those held via special purpose vehicles, on an attributable basis

Operating Metrics

As at

31 March

2022

As at

31 March

2021

Year-

on-year

change

As at

31 December

2021

Quarter-on-
quarter

change

(in millions, unless specified)

Combined MAU of
       
Weixin and WeChat

1,288.3

1,241.6

3.8%

1,268.2

1.6%

Mobile device MAU of QQ

563.8

606.4

-7.0%

552.1

2.1%

Fee-based VAS registered
       
subscriptions

239.1

225.7

5.9%

236.3

1.2%

Business Review and Outlook

Communication and Social

Within Weixin, Video Accounts continued to gain user traction with significant year-on-year growth in video views and time spent, bolstered by expansion in news, knowledge-based and entertainment content, as well as enhanced recommendation technologies. Mini Programs exceeded 500 million DAU and sustained rapid growth in gross merchandise value with deepened penetration in retail, dining and municipal services.

For QQ, we are enriching features for young users to better create, share and connect with each other. We provide avatar tools for users to create short videos featuring their customised Super QQ Show characters. Through Status update, users can choose to let their contacts see what videos or music they are consuming, so that their friends can access and stream the same content within QQ via Mini Programs.

Digital Content

Our fee-based VAS subscriptions increased 6% year-on-year to 239 million. We extended our market leadership in the long-form video streaming market with 124 million subscribers, leveraging IP adaptations of successful comics and novels. For music, subscription counts increased to 80 million, driven by high quality content as well as increased consumer willingness to subscribe for music services.

Domestic Games

Among our most popular and longer-established games, Honour of Kings, the top-ranked mobile game by DAU in China[5], released fewer commercially successful items during the Chinese New Year holiday period than in prior years, but its adult user base remained engaged. With the release of popular items inspired by the Chinese floral festival, Honour of Kings resumed year-on-year growth in its grossing receipts in March 2022. Peacekeeper Elite, the second-most popular mobile game by DAU in China[5], released its third anniversary update in April 2022, enhancing user engagement. We are also successfully expanding our presence in other key genres of games. Fight of The Golden Spatula, an auto battler genre game we released in August 2021, added new champions and game mechanics, and was the sixth most popular mobile game by DAU in China[5]. Return to Empire, a real-time strategy mobile game we launched in March 2022, became China’s second most successful game in its genre by grossing receipts in April 2022[6].

[5] Source: QuestMobile, 1Q2022

[6] Source: data.ai

International Games

We believe that the mobile game industry outside China generally underwent a post COVID-19 normalisation downward in terms of user activities and spending in early 2022. PUBG Mobile experienced this pattern with a year-on-year revenue decline in the first quarter of 2022. However, our PC game VALORANT continued its robust performance with a growing user base and higher paying propensity. We also released titles in other key genres which generated favorable critical response. For example, Dune: Spice Wars, a real-time strategy PC game based on the popular sci-fi IP Dune and published by our subsidiary Funcom, entered into Early Access in April 2022. We and Electronic Arts have jointly developed Apex Legends Mobile, a hero shooter battle royale game based on one of the most successful new PC/console IPs in recent years, which was launched in May 2022.

Online Advertising

For 2022 second quarter-to-date, overall advertising sentiment remained weak as advertisers in categories such as FMCG, eCommerce and travel have reduced their spending significantly. Amid the difficult market environment, we continue to invest in our advertising system and are upgrading our machine learning infrastructure to process data more efficiently. The upgrade should enable us to deliver better targeting and conversion rates for advertisers

FinTech

Commercial payment activities have been weak since mid March 2022, due to the resurgence of COVID-19 in several cities in China, which negatively affected payment volume growth in categories such as transportation, dining services and apparel.

Cloud and Other Business Services

As we re-focused on healthy growth for Business Services, we scaled back loss-making activities, and concentrated resources on our PaaS solutions in areas such as video cloud and cybersecurity. Taking advantage of our accumulated experience in providing in-house interactive entertainment and video chat services, and our low-latency network infrastructure, we are increasingly migrating our clients from basic CDN (Content Delivery Network) services to sophisticated video-on-demand, live streaming and real-time communication solutions. According to Gartner, Tencent ranked first in China by CPaaS (Communication PaaS) revenues. In cybersecurity, we expanded our client base across network, endpoint and business operation security solutions, fulfilling enterprises’ growing needs for protection against cyber-attacks, and for cybersecurity compliance.

Fission 3.0 to Test Uranium Indicators from Historic Drilling at Lazy Edward Bay

0

Kelowna, British Columbia–(Newsfile Corp. – May 18, 2022) – FISSION 3.0 CORP (TSXV: FUU) (OTCQB: FISOF) (“Fission 3” or “the Company”) is pleased to announce that mobilization is underway for the summer drilling program at the Lazy Edward Bay property on the east side of the Athabasca Basin region of Saskatchewan. The budget for the program is set at $1.5M with plans to drill 8 diamond drill holes totaling approximately 2000 m to follow up on encouraging historic drilling results with a number of favourable indicators for uranium mineralization. Located near the southern edge of the Athabasca Basin, the targets are at relatively shallow depths, with the Athabasca sandstone ranging to depths of approximately150 m where present.

Traction Uranium Corp. (“Traction‘) will fund the work program in accordance with the terms of the Option Agreement between Fission 3 and Traction, whereby Traction can acquire up to a 70% interest in the Lazy Edward Bay property. (see Dec 10, 2021 Fission 3 news release.)

The Lazy Edward Bay property is located halfway between Cameco’s Key Lake Mine and the high grade Centennial uranium deposit, and hosts NE-trending conductive corridors similar to those associated with Key Lake and Centennial. The major uranium deposits in the eastern Athabasca Basin, including Key Lake, McArthur River and Cigar Lake, are along the NE-trending Wollaston-Mudjatik transition zone and conductive corridor. To the west of the property, the Centennial deposit is localized along the NE-trending Virgin River conductive corridor which transects the entire Athabasca Basin. The Key Lake mine, located ~50 km to the east of the property is accessible by Provincial Highway 914, serviced by the provincial power grid, and has an operating mill where the McArthur River ore has been processed.

Fission 3.0 summer drilling is planned along section, and along strike from encouraging historic drilling results, including anomalous uranium geochemistry, by Uranerz Exploration and Mining Limited in the 1980’s and JNR Resources Inc. in the 2000’s. The two main NE -trending conductive corridors on the property are referred to as the western Horse Trend and the eastern Liberty Trend. The western portion of the property captures most of the conductive Horse Trend, along with historic drill holes LE-72 and LE-73 that were drilled by Uranerz Exploration and Mining Limited in the 1980’s. Drill hole LE-72 is reported to have intersected strongly altered basement rocks returning up to 170 ppm uranium in a brecciated and sheared basement structure. LE-73 reported strongly bleached and fractured, in part limonitized, sandstone throughout its entire length with entirely clay-filled fault gouges in the lower part of the sandstone with up to 550 ppm boron, underlain by strongly clay altered, faulted and graphitic basement rocks with up to 40 ppm uranium and 420 ppm boron. Claims in the eastern portion of the property cover part of the conductive Liberty Trend, where nearby historic drill hole LE-001 was reported to intersect 224 ppm U3O8 over 0.5 m.

Dev Randhawa, Chief Executive Officer, stated “The Lazy Edward Bay property encompasses NE-trending conductive corridors similar to those that are associated with major uranium deposits in the Eastern Athabasca Basin, and is located between the Key Lake Mine and the Centennial Deposit. Historic drilling at Lazy Edward Bay has identified strong clay alteration and faulting in the sandstone and basement rocks along with anomalous uranium and boron geochemistry in the basement rocks which are positive indicators for uranium mineralization and have provided compelling follow up drill targets”.

About Fission 3.0 Corp.
Fission 3.0 Corp. is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world’s largest high-grade uranium discoveries. Fission 3.0 currently has 16 projects in the Athabasca Basin. Several of Fission 3.0’s projects are near large uranium discoveries, including Arrow, Triple R and Hurricane deposits.

Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0 Corp., a qualified person.

ON BEHALF OF THE BOARD 

“Dev Randhawa” 
                                          
Dev Randhawa, CEO

Investor Relations
Ph: 778-484-8030
TF: 844-484-8030
[email protected]
www.fission3corp.com

Cautionary Statement: Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim 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 expressly required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124458

Datametrex Provides Update on Medi-Call and Board Change

0

Toronto, Ontario–(Newsfile Corp. – May 18, 2022) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the “Company” or “Datametrex”) is pleased to announce that through its telehealth business, Medi-Call Inc., it will begin to service live telehealth patient requests via the mobile application commencing Tuesday, May 24, 2022. Bringing the Medi-Call telemedicine services to real clients for the first time will be a big milestone for the Company as it enters into this second rollout phase of the application launch.

“We are excited with the progress we’ve made with Medi-Call and cannot wait to begin bringing it to more patients in need of direct healthcare, both in person and through telemedicine,” said Omar Sharif, President of Medi-Call.

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Image 1

To view an enhanced version of this graphic, please visit:
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The Medi-Call app will help physicians effectively manage their appointments, while simultaneously providing faster treatment and care for patients. At a time when digital access to healthcare is more important than ever with increasing hospital wait times, data shows that more people are turning to telehealth for medical care and treatment – only further amplified by the pandemic.

Medi-Call Overview

  • Medi-Call is a subscription-based software as a service (SaaS) mobile app that connects patients with doctors. It is an integrated grid system that connects patients with providers in real time.
  • Solving accessibility issues for patients living in rural or isolated communities and those also have limited mobility
  • Improving coordination and communication of treatment among healthcare team members and their patients
  • Facilitating mobile health care services including prescriptions

Visit Medicallmd.ca to learn more about Medi-Call.

The Company announces a change to its Board of Directors effective May 17, 2022, with Mr. Andrew Ryu stepping down for personal reasons as Director and Executive Chairman, and director Mr. Paul Haber has been appointed as Chairman. The Company would like to thank Mr. Ryu for his direct contribution to the success of the Company, resulting in record profits year-over-year (YoY).

“Andrew helped us steer the ship during a time where Datametrex really needed a turnaround. We are very grateful for his contributions and continued support,” said Marshall Gunter, CEO of the Company.

About Datametrex

Datametrex AI Limited is a technology-focused company with using artificial intelligence (AI) to create progressive solutions for the cyber security, telehealth, and electric vehicle (EV) verticals. Datametrex’ mission is to provide tools that support companies in fulfilling their operational goals with predictive and preventive technologies.

For additional information on Datametrex and other corporate information, please visit the Company’s website at www.datametrex.com.

For further information:
Investor Relations & Communications

Kristina Colpitts, Director
Email: [email protected]
Telephone: 416-901-5611 x 204

Marshall Gunter- CEO
Email: [email protected]
Tel: 514-295-2300

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.

Forward-Looking Statements:

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. In particular, there is no guarantee that the parties will successfully negotiate and enter into a definitive agreement on mutually acceptable terms or complete the Transaction in the manner contemplated herein, if at all, that the due diligence of any of the parties will be satisfactory, or that the parties will obtain any required board, shareholder, third-party and/or regulatory or other governmental approvals, if any. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

###

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124381

CSE Bulletin: Name and Symbol Change – Happy Gut Brands Limited (HAPY)

0

Toronto, Ontario–(Newsfile Corp. – Le 17 mai/May 2022) – Happy Gut Brands Limited has announced a name and symbol change to Bettermoo(d) Food Corporation (MOOO).

Shares will begin trading under the new name, symbol and with a new CUSIP number on May 20, 2022.

Disclosure documents are available at www.thecse.com.

Please note that all open orders will be cancelled at the end of business on May 19, 2022. Dealers are reminded to re-enter their orders.

_________________________________

Happy Gut Brands Limited a annoncé un changement de nom et de symbole pour Bettermoo(d) Food Corporation (MOOO).

Les actions commenceront à être négociées sous le nouveau nom, le nouveau symbole et avec un nouveau numéro CUSIP le 20 mai 2022.

Les documents de divulgation sont disponibles sur www.thecse.com.

Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 19 mai 2022. Les concessionnaires sont priés de saisir à nouveau leurs commandes.

Effective Date/ Date effective :

le 20 mai/May 2022

Old Symbol/Vieux symbole :

HAPY

New Symbol/Nouveau symbole :

MOOO

New CUSIP/ Nouveau CUSIP :

08772W 10 8

New ISIN/ Nouveau ISIN :

CA 08772W 10 8 6

Old/Vieux CUSIP & ISIN :

411388101/CA4113881011

 

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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