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BuzBuz Capital and Inolife R&D Announce Closing of Qualifying Transaction


Toronto, Ontario–(Newsfile Corp. – October 19, 2021) – NuGen Medical Devices Inc. (formerly BuzBuz Capital Corp. (“Buz“)) (the “Company“), is pleased to announce that it has closed its previously announced business combination (the “Transaction“) with Inolife R&D Inc. (“Inolife“). The Transaction consisted of the acquisition by the Company of all of the issued and outstanding common shares in the capital of Inolife by way of a three-cornered amalgamation, pursuant to which a wholly-owned subsidiary of the Company amalgamated with Inolife and each Inolife shareholder received one (1) post-consolidation common share in the capital of the Company for each post-consolidated Inolife common share held, following the consolidation of the Inolife common shares on a three for one basis. As part of the Transaction, the Company changed its name from “BuzBuz Capital Corp.” to “NuGen Medical Devices Inc.” and the directors and management of Inolife became the directors and management of the Company.

Following the completion of the Transaction, Inolife (now renamed EPG Global Ltd.) is now a wholly-owned subsidiary of the Company, and the Company meets the listing requirements for a “Tier 2” life sciences issuer on the TSX Venture Exchange (the “Exchange“). The Company will continue the business of Inolife, which is an emerging specialty medical device company focused on developing and commercializing novel drug delivery technologies. Inolife has commercialized needle-free injection systems for the administration of subcutaneous medication, which is approved for sale in over 40 countries globally. Trading in the common shares of the Company is expected to begin on the Exchange later this month under the symbol “NGMD”.

“We are very pleased with the closing of this transaction and to have NuGen Medical Devices trading on the TSX Venture Exchange shortly. This is a very important milestone for the company that will allow us to begin executing on our plan to become the leader in needle-free medical device technology,” said Michael Wright, the new Chief Executive Officer and a director of the Company following the completion of the Transaction.

Prior to the Transaction, Buz was a Capital Pool Company (as defined under the policies of the Exchange), and had not commenced commercial operations and had no assets other than cash. In connection with the Transaction, on October 15, 2021, Buz consolidated its common shares on the basis of one (1) post-consolidation common share for each two (2) pre-consolidation common shares. The Transaction constituted Buz’s “Qualifying Transaction”, as such term is defined in Policy 2.4 of the Exchange.

In connection with the Transaction, Inolife completed a brokered private placement through Canaccord Genuity Corp. of 15,000,000 subscription receipts at a price of $0.40 per subscription receipt for gross proceeds of $6 million. Each subscription receipt was deemed automatically converted into one unit (a “Unit“) of Inolife, without the payment of additional consideration or the taking of further action on the part of the subscriber. Each Unit is comprised of one common share in the capital of Inolife 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 in the capital of Inolife (each, a “Warrant Share“) at a price of C$0.70 per Warrant Share for a period of twelve months following the satisfaction of the Escrow Release Conditions. All Units under the financing were exchanged for equivalent securities of the Company in connection with the terms of the Transaction.

As part of the Transaction, common share purchase warrants, stock options, convertible debentures of Inolife were replaced with similar securities of the Company with adjustments to their exercise or conversion terms to reflect the exchange ratio for the Inolife common shares under the Transaction.

Following the completion of the Transaction, the Company currently has a total of 86,014,961 common shares outstanding, as well as: (i) common share purchase warrants exercisable to purchase up to 14,705,602 common shares at exercise prices ranging from $0.30 to $$0.90; (ii) stock options exercisable to purchase 700,000 common shares at exercise prices ranging from $0.20 to $0.90; and (iii) EUR6,235,000 principal amount of convertible debentures convertible into common shares of the Company at a price of CAD $2.85 per common share.

An aggregate of 29,576,340 common shares are subject to escrow pursuant to Exchange escrow requirements.

As a result of the closing of the Transaction, the directors and executive officers of the Company are now:

Michael Wright President, Chief Executive Officer and Director
Veronique Laberge Chief Financial Officer
Nicky Canton Chief Operating Officer
Derek Lindsay Director
Karen Dunlap Director
John Leombruno Director
William Cleman Director
Michael Wekerle Director


Further details about the Transaction and the Company as the resulting issuer from the Transaction are available in the final prospectus of Buz filed in respect of the Transaction which has been filed under Buz’s profile on SEDAR at www.sedar.com. The summary of the Transaction set out herein is qualified in its entirety by reference to the description of the Transaction in the prospectus.

Forward-Looking Information

This press release contains forward-looking information based on current expectations. Statements about the date of trading of the Company’s common shares on the Exchange and final regulatory approvals, among others, are forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

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

For further information, please contact:

Michael Wright
President and CEO
NuGen Medical Devices Inc.
(514) 992-9484

Veronique Laberge
NuGen Medical Devices Inc.
(514) 831-8626

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100271

AlphaNorth Asset Management – 1st Place Award Winner for 5 Year Performance


Maximizing Returns for Investors Over the Long Term

Toronto, Ontario–(Newsfile Corp. – October 19, 2021) – AlphaNorth Asset Management won three awards at today’s 14th Annual Canadian Hedge Fund Awards. The AlphaNorth Partners Fund won 1st place for ‘Best 5-Year Annualized Return’ (June 30, 2016 – June 30, 2021) for its flagship hedge fund, the AlphaNorth Partners Fund. The AlphaNorth Partners Fund achieved annualized returns of 40.3% over the 5 year period as compared to its benchmark, the S&P/TSX Venture Index, which returned 5.6% over the same time period. The AlphaNorth Partners Fund was also awarded 2nd place for ‘Best 3-Year Annualized Return’ and 3rd place for ‘Best 1-Year Return’.

Steve Palmer, AlphaNorth’s Chief Investment Office and Portfolio Manager, said, “It is gratifying to be recognized as the best Canadian hedge fund for superior performance over 5 years in addition to the exceptional performance for the shorter time periods of one and three years. We take a long term perspective and encourage our investors to not sweat the short term volatility which can be high in the small cap space. AlphaNorth’s investment philosophy focuses on maximizing returns for our investors over the long term rather than minimizing short term volatility.”

“AlphaNorth’s success is based on investing in small caps which historically have significantly outperformed all other asset classes,” says Joey Javier, Managing Partner.

Launched in December 2007, the AlphaNorth Partners Fund is a long biased small cap hedge fund focusing primarily on Canadian companies. The investment objective is to achieve industry leading long term capital growth through superior selection of principally Canadian securities. AlphaNorth believes that superior long term investment returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection on both a long and short basis. The firm combines both a bottom-up and top-down strategy in the selection of investments offering the best risk/reward characteristics. AlphaNorth employs various technical analysis techniques, which have proven to be successful, to assist in the timing of buy/sell decisions. The AlphaNorth Partners Fund is available to accredited investors.

To learn more about AlphaNorth Asset Management, contact info@alphanorthasset.com or by visiting www.alphanorthasset.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100232

Multicurrency Tester, Cloud Storage and AI Scanners: MetaQuotes Shows Three Unique MetaTrader 5 Tools for Hedge Funds


Limassol, Cyprus–(Newsfile Corp. – October 19, 2021) – The ready-made MetaTrader 5 platform for hedge-funds utilizes MetaQuotes’ cutting-edge technology, which is based on the company’s 21-year expertise and technological innovation. The ultimate platform performance is supported by MQL5.com community and MQL5 Cloud Network resources. By accessing these extensive resources, hedge funds can reduce the investment hypothesis testing time from several days to a few minutes. Mr. Manas D. Kumaar, Group CEO of PWE Capital, has particularly commented on the platform’s high-frequency algorithmic trading capabilities, which are especially important for quantum funds, after the company moved to MetaTrader 5 in September 2021.

Today MetaQuotes’ representatives presented three additional unique features available in MetaTrader 5 for hedge funds. These include the multicurrency tester, a cloud storage for the back office, and ready-made AI scanners for market analysis.

Multicurrency Tester

The multicurrency tester works with an unlimited number of currencies, which can assist hedge fund analysts in taking the hypothesis testing process to the next level. Tester capabilities are supported by three tools: a testing agent, a visual tester and an optimization agent. High testing speed is maintained through the use of extensive resources provided by MetaQuotes’ MQL5 Cloud Network.

Cloud Storage

The cloud storage enables the optimization of back-office operations and supports shared development projects. The system provides standard version control features to track and manage changes in software code. The storage keeps source code safe by preventing data loss: the service reliability is guaranteed by MetaQuotes’ vast expertise in developing and implementing complex front, middle and back office solutions.

AI Scanners

MetaQuotes provides limitless opportunities for creating AI solutions to implement technical market analysis, based on the proprietary MQL5 programming language. Companies can create their own scanners or choose from thousands of ready-made applications, as well as order customized solutions from the MQL5.com Market and from Freelance services.

MetaQuotes is considered as one of the leading developers of software applications for brokerages, banks, and exchanges. Released in 2020, the updated MetaTrader 5 for Hedge Funds is a real breakthrough platform which offers a turnkey solution for mutual funds, prop trading and investment companies, right out of the box. In August 2021, MetaTrader 5 for Hedge Funds was recognized by the HFM Connect professional community, which has included the platform into its partner service directory.

MetaQuotes Ltd
Mikhail Kirilin
Contact: kirilin@metaquotes.net

Cypherpunk Holdings Announces Corporate Update

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New Corporate Branding and Website, and Update of Cryptocurrency Holdings and Investments

Toronto, Ontario–(Newsfile Corp. – October 19, 2021) –  Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (“Cypherpunk” or, the “Company“), a sector leader for cryptocurrency, privacy and cryptography focused investments, is pleased to provide corporate update.

New Corporate Branding & Website

Cypherpunk is pleased to announce that it has launched a new corporate website. The updated website was created as a part of a rebranding of the Company’s corporate image and introduces Cypherpunk’s new corporate logo. This logo symbolizes the Company’s core belief in the distributed nature of cryptocurrency, privacy and cryptography technologies and is inspired by a geometrical design. The updated website also includes a statement of the Company values and its mission statement of “Becoming a sector leader for cryptocurrency, privacy and cryptography focused investments.” To view the updated website with the new branding please use the following link: www.cypherpunkholdings.com.

Tony Guoga, President and Chief Executive Officer of Cypherpunk commented: “I am thrilled to announce the launch of our new website and introduce to investors Cypherpunk’s new brand image. Cypherpunk has a core mission and our new website is intended to better position the Company to achieve its corporate goals and drive shareholder value.”

Update of Investment Portfolio

Cryptocurrency Holdings

Cypherpunk currently holds an aggregate of 401 bitcoins (BTC) and 357 Ether (ETH).

Equity Holdings

Animoca Brands (Equity Investment)
Animoca Brands is a company operating in the digital entertainment, blockchain and gamification sectors. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products using popular intellectual properties. The Company holds 2 million ordinary shares of Animoca Brands. Animoca is currently trading via Primary Markets on a matched basis via https://www.primarymarkets.com/trading-company/animoca-brands/.

Chia Network Inc. (Equity Investment)
Chia Network is a developer of a blockchain and smart transaction platform, created by the inventor of BitTorrent, Bram Cohen.

zkSNACKS Limited (Equity Investment)
The products of zkSnacks include Wasabi Wallet, which is an open source, non-custodial, privacy-focused Bitcoin wallet for desktop use.

NGRAVE (Convertible Debt)
NGRAVE is a digital asset and blockchain security provider located in Antwerpen, Belgium. Its flagship product “ZERO” – also known as “The Coldest Wallet” – is a fully offline hardware wallet that features the world’s highest security certification, EAL7, for its secure operating system.

Katana Cryptographic Ltd (Equity Investment)
Katana Cryptographic has developed an advanced and secure mobile bitcoin wallet known as “Samourai”. The goal of the Samourai wallet is to empower people with the cryptographic tools readily available today in order to enable individual financial independence and self-sovereignty.

Other Investments

IPv4 Addresses
The Company also holds a total inventory of 24,576 IPv4 addresses, which it leases to its customers.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and 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 indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s expectation or belief regarding its corporate mission, goals and investments. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward- looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Officer/Director Contact:
Daniel Cawrey
Chief Operating Officer
Office: 1-647-946-1300

Investor Relations Contact:
Veronika Oswald
Investor Relations
Office: 1-647-946-1300

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100227

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Lions Bay Capital Inc. Provides an Update on Savic Exploration


Vancouver, British Columbia–(Newsfile Corp. – October 19, 2021) – Lions Bay Capital Inc. (TSXV: LBI) (“Lions Bay” or the “Company“) announces that it has received the following update from the Company’s geological consultants, SRK Consulting (Australasia) Pty Ltd (“SRK”) regarding the drill testing of the mineral tenements held by Savic Pty Ltd (“Savic”) in Western Victoria, Australia, as initially announced in the Company’s October 8, 2021 news release. The Company has paid AUD $200,000 (CAD $183,000) for an option to enter a Joint Venture under which it can earn a 50 per cent interest in the Savic tenements by spending AUD $5.0 million (CAD $4.57 million) on exploration activities over 3 years.

By way of its interim report dated 19/10/21, SRK notes “Preliminary aircore drilling within Savic’s exploration licence (EL6968) in western Victoria was completed on the 14th of October, 2021. Drilling was conducted by Indicator Drilling Services Pty Ltd (“Indicator Drilling”) with supervision and logging completed by a SRK’s geologist. Drilling was designed to test the presence of the Bookpurnong Formation above the Duddo/Mt Gambier Limestone and test its potential to host enrichment of rare earth elements (REE) similar to that observed within the third party held Koppomurra Project located 2 km to the west of EL6968 in South Australia. A total of 18 holes were drilled within EL6968 for a total of 341 drilled meters on an approximate 1km spaced grid. Preliminary pXRF analysis underway, and samples with elevated levels will be included in lab testing. Evaluation of the stratigraphic correlations of the clay intervals is underway.”

SRK’s geologist, Ben Jupp B.Sc.(Hons), MAIG, is a Qualified Person in the context of National Instrument 43-101, and has read and approved the technical content of this News Release.

About Lions Bay Capital Inc.

Lions Bay Capital Inc. is a TSX-V listed Investment Issuer that is focused on high return investment opportunities, principally in the mining, clean energy and clean technology sectors, where it provides public and private companies with strategic and financial support.

On behalf of the Board of Lions Bay.

John Byrne
Executive Chairman
Tel: +61 3 9236 2800
Email: jbyrne@lionsbaycapital.com

For more information, please visit the corporate website at www.lionsbaycapital.com or contact the above.


Disclaimer & Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements are statements that relate to future events or future financial performance. In some cases, you can identify forward-looking statements by the use of terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “predict”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements speak only as of the date of this news release. This news release may also contain inferences to future oriented financial information (“FOFI”) within the meaning of applicable securities laws. The information in this news release has been prepared by our management to provide readers with an outlook for our future activities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100204

Credit Suisse to Pay Nearly $475 Million to U.S. and U.K. Authorities to Resolve Charges in Connection with Mozambican Bond Offerings


Washington, D.C.–(Newsfile Corp. – October 19, 2021) – Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K authorities, including nearly $100 million to the Securities and Exchange Commission, for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique.

According to the SEC’s order, these transactions that raised over $1 billion were used to perpetrate a hidden debt scheme, pay kickbacks to now-indicted former Credit Suisse investment bankers along with their intermediaries, and bribe corrupt Mozambique government officials. The SEC’s order finds that the offering materials created and distributed to investors by Credit Suisse hid the underlying corruption and falsely disclosed that the proceeds would help develop Mozambique’s tuna fishing industry. Credit Suisse failed to disclose the full extent and nature of Mozambique’s indebtedness and the risk of default arising from these transactions.

The SEC’s order also finds that the scheme resulted from Credit Suisse’s deficient internal accounting controls, which failed to properly address significant and known risks concerning bribery.

“When it comes to cross-border securities law violations, the SEC will continue to work collaboratively with overseas law enforcement and regulatory agencies to fulfill its Enforcement mission,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “Our action against Credit Suisse today is yet another example of our close and successful coordination with counterparts in Europe and Asia.”  

“Credit Suisse provided investors with incomplete and misleading disclosures despite being uniquely positioned to understand the full extent of Mozambique’s mounting debt and serious risk of default based on its prior lending arrangements,” said Anita B. Bandy, Associate Director of the SEC’s Division of Enforcement. “The massive offering fraud was also a consequence of the bank’s significant lapses in internal accounting controls and repeated failure to respond to corruption risks.”

A London-based subsidiary of Russian bank VTB separately agreed to pay more than $6 million to settle SEC charges related to its role in misleading investors in a second 2016 bond offering. According to the SEC’s order, the second offering as structured by VTB Capital and Credit Suisse allowed investors to exchange their notes in an earlier bond offering for new sovereign bonds issued directly by the government of Mozambique. But the SEC found that the offering materials distributed and marketed by Credit Suisse and VTB Capital failed to disclose the true nature of Mozambique’s debt and the high risk of default on the bonds. The offering materials further failed to disclose Credit Suisse’s discovery that significant funds from the earlier offering had been diverted away from the intended use of proceeds that was disclosed to investors. Mozambique later defaulted on the financings after the full extent of “secret debt” was revealed.

The SEC’s order against Credit Suisse finds that it violated antifraud provisions as well as internal accounting controls and books and records provisions of the federal securities laws.  Credit Suisse agreed to pay disgorgement and interest totaling more than $34 million and a penalty of $65 million to the SEC. As part of coordinated resolutions, the U.S. Department of Justice imposed a $247 million criminal fine, with Credit Suisse paying, after crediting, $175 million, and Credit Suisse also agreed to pay over $200 million in a penalty as part of a settled action with the United Kingdom’s Financial Conduct Authority.

VTB Capital consented to an SEC order finding that it violated negligence-based antifraud provisions of the federal securities laws. Without admitting or denying the findings, VTB Capital agreed to pay over $2.4 million in disgorgement and interest along with a $4 million penalty.

The SEC’s investigation was conducted by Lesley B. Atkins and Douglas C. McAllister with assistance from Wendy Kong of the Office of Investigative and Market Analytics, Carlos Costa-Rodriguez of the Office of International Affairs, and supervisory trial counsel Tom Bednar. The case was supervised by Ms. Bandy. The SEC appreciates the assistance of the U.S. Department of Justice’s Money Laundering and Asset Recovery Section and Fraud Section, the U.S. Attorney’s Office for the Eastern District of New York, the United Kingdom’s Financial Conduct Authority, the Swiss Financial Market Supervisory Authority, and the United Arab Emirates Securities and Commodities Authority.

Upco International Announces New CFO


Vancouver, British Columbia–(Newsfile Corp. – October 19, 2021) – Upco International Inc. (CSE: UPCO) (OTC Pink: UCCPF) (FSE: U06) (“Upco” or the “Company”) is pleased to announce the appointment of Juan Jose Ojeda as Chief Financial Officer.

New Chief Financial Officer
Juan Jose Ojeda will immediately succeed Osvaldo Navarro who announced his resignation earlier this week. Mr. Juan Jose Ojeda previously held the position as CFO in LImpiolux S.A Mr Ojeda has a degree of Public Accountant in Universidad de Belgrano. He also furthered his education at IAE, where he graduated PDD program. He is a native Spanish speaker and fluent in English.

“We welcome Mr. Ojeda to our leadership team,” said Andrea Pagani, CEO of Upco International. “His more than 20 years of experience in the financial sector brings Upco a strong network and knowledge needed to support our growth initiatives.” Mr. Pagani, continued: “We would like to thank Mr. Navarro for his work over the past year overseeing our financial restructuring and wish him success in his future endeavors.”

Juan Jose Ojeda, CFO of Upco International stated: “I look forward to the opportunity of contributing to Upco’s future success and growth of the company.”

The company further announces that it has granted an aggregate of 800,000 stock options to certain employees of the Company. The options will vest 25% in 12 Month from the Issuance, 25% 24 months from date of issuance and 25% at 36 and 48 months from the date of issuance and may be exercised at an exercise price of CAD$0.09 per common share, for a period of 4 years from the date of issuance or earlier in accordance with the Company’s incentive stock option plan.

About Upco International Inc. (“Upco”)

Upco International is a cloud-based mobile technology and telecommunications company focused on providing users with a secure communication ecosystem for texting and calling globally. Upco’s telecom division is managed by its wholly owned subsidiary Oktacom Inc. The Company is a licensed Global Telecom Carrier allowing its international VoIP (voice over IP) wholesale business to more efficiently execute high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco’s digital division is managed by its second wholly owned subsidiary, UpOne. UpOne is building a mobile app, currently available on Android and iOS, that is advancing towards offering users the ability to send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.

Please visit www.upcointernational.com for further information.


Andrea Pagani, CEO and Director
+1 (646) 766-1275

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “will” “may” “believe”, “expect”, “anticipate”, “intend”, “estimate”, “development”, “forthcoming”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100203

Usewalter Announces Special Meeting Results


Montreal, Quebec–(Newsfile Corp. – October 19, 2021) – GOLO Mobile Inc., doing business as Usewalter (TSXV: WLTR) (“Usewalter” or the “Company”) announces that, further to press releases issued on August 10 and September 15, 2021, the Company held a special meeting (the “Meeting“) of shareholders (the “Shareholders“) on October 19, 2021. At the Meeting, Shareholders were asked to approve:

(i) a transaction (the “Transaction“) with an arm’s length party, N. Harris Computer Corporation (the “Purchaser“) pursuant to which the Company agreed to sell 100% of the issued and outstanding shares of GOLO Inc. and Walter Innovations Inc., two wholly owned subsidiaries of the Company, which sale includes the Company’s software platform, customer relationships and the Usewalter brand for an aggregate cash purchase price of $500,000, subject to certain adjustments, and the assumption by the Purchaser of certain of the Company’s premises lease obligations of approximately $400,000;

(ii) the voluntary dissolution and winding up of the Company (the “Dissolution“); and

(iii) the proposed delisting (the “Delisting“) of the Usewalter shares from the TSX Venture Exchange (the “TSXV“);

all as set out in greater detail in the proxy materials, comprised of the notice of meeting, management information circular mailed to the Shareholders.

The Transaction and the Dissolution were required to be approved by not less than 66 2/3% of the votes cast by Shareholders in person or by proxy. In addition, approval of the Dissolution was required to be received by a majority of the votes cast by the Shareholders, excluding those votes cast by persons who are to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, as adopted by Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV. Approval of the Delisting was required to be approved by a majority of the votes cast by the Shareholders, excluding those votes cast by persons whose votes are to be excluded pursuant to Policy 2.9 – Trading Halts, Suspensions and Delisting of the TSXV.

The Transaction, the Dissolution and the Delisting were all approved by the requisite majorities as set out above.

Closing of the Transaction is expected to occur on or about October 21, 2021. Further updates on the completion of the Transaction, the Dissolution and Delisting will be provided at that time.


This news release may contain statements which constitute “forward-looking information” under applicable Canadian securities laws, including statements regarding plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company or with respect to the Transaction, the Dissolution, the Delisting and the likelihood that the Transaction will be consummated. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company or its management, may identify such forward-looking information. Investors are cautioned that any such forward-looking information is not a guarantee of future business activities and involves risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking information as a result of various factors, including, but not limited to, fluctuations in market prices, risks relating to the terms of the Transaction, the inability of the parties to satisfy the conditions precedent for closing the Transaction, the ability of the Company to satisfy the Purchaser’s closing conditions, continued availability of capital and financing, the ultimate liquidation, Dissolution and Delisting of the Company and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

For Further Information:

Peter Mazoff, Chief Executive Officer

Cindy Gray
5 Quarters Investor Relations, Inc.
(403) 705-5076

No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. This news 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) is responsible for the adequacy or accuracy of this press release.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100200

The Coaction Between AI and Healthcare Explored at 2021 Taiwan Innotech Expo


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At the 2021 Taiwan Innotech Expo, the Future Tech Theme Pavilion (FUTEX) held by Taiwan’s Ministry of Science and Technology supported by Academia Sinica, the Ministry of Health and Welfare, and various other partners, Taiwanese and global leaders of the smart healthcare industry convened to discuss the coaction between AI and healthcare as well as the challenges facing the industry.

Prioritizing interdisciplinary integration

The head of the National Taiwan University Hospital, Dr. Ming-Shiang Wu, pointed out that Taiwan has a head start in the development of precision medicine thanks to its highly innovative technology industry and dynamic healthcare sector highly innovated technology industry as well as its dynamic healthcare sector has given it an edge in developing precision medicine. However, it requires a high degree of integration is needed between different sectors that have been disconnected to ensure competence. According to Wu, it is necessary to find talents with interdisciplinary skills and to overcome the differences in organizational cultures. Huey-Herng Sheu, the superintendent of Taipei Veterans General Hospital, also mentions the need for interdisciplinary integration in addressing unmet clinical needs and accelerating product development.

“A mindset adjustment is needed as the high-tech industry deepens its engagement with the medical industry,” said Chris Kuo, the executive director of medical business development under Wistron Corp., a leading Taiwanese ODM. Chris addressed that the tech industry mainly thinks in terms of products, especially development speed and quantity. In contrast, the medical industry thinks in terms of patient demand and precision. “Technology commercialization is the weak link in Taiwan’s precision medicine industry,” observed Johnsee Lee, the chairman of Taiwan Precision Medicine & Molecular Diagnostic Industry Association. The biotech veteran believed that Taiwan’s broad collection of biomedical data, in combination with its tech prowess, has given it a significant advantage. Nevertheless, it is not sufficient to merely commercialize the data but to commercialize the relevant technologies as well.

Cloud and edge computing

Wilson To, the head of global healthcare, life sciences, and genomics at Amazon Web Services (AWS), also attended the Expo and shared Amazon’s experiences in smart healthcare. According to To, AWS believes that the digital innovations in healthcare should come from all companies and enterprises regardless of size, and Amazon aspires to enable such development. Through its cloud service can process an enormous a tremendous amount of medical data, AWS has already partnered with many leading biomedical companies in drug development, especially with AstraZeneca in the fight against COVID -19, and with Grail in the fight against cancer.

When it comes to processing the growing amount of data associated with the biomedical industry, Nvidia has also become a major player. At Innotech Expo, Mona Flores, Nvidia’s global head of medical AI, pointed out that Nvidia is using Deep Learning to develop customized data processing and analytics for medical AI applications. Nvidia has particularly focused on the convergence of edge computing and federated learning: Nvidia’s GPUs, for example, have been integrated into medical edge devices such as mobile MRI scanners. Through federated learning, for example, Nvidia has worked with 20 medical facilities around the world to collect data for training models without compromising patient privacy. The resulting model can predict with 95% accuracy whether a patient will need a ventilator within 24 hours of arriving in the emergency room.

Meet Lloyd Danzig, Founder & Managing Partner at Sharp Alpha Advisors


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Our next guest at Hipther Festival XXI is Lloyd Danzig, who will talk about investing in artificial intelligence and sports.

Lloyd is the Founder & Managing Partner of Sharp Alpha Advisors, a consultancy and advisory firm specializing in sports betting startups, venture capital, M&A, and technology. He is also the Chairman & Founder of the International Consortium for the Ethical Development of Artificial Intelligence, a 501(c)(3) non-profit NGO dedicated to ensuring that rapid developments in the field of AI are made with a keen eye toward the long-term interests of humanity. Lloyd is an accomplished TEDx speaker and a frequent guest on acclaimed podcasts, recently having appeared on AI in the Wild, The Business of Betting Podcast, GambleOn, Sports Predictor, and The Knup Sports Show. He is also the Co-Host of The AI Experience, a podcast providing an accessible analysis of relevant AI news and topics. His advisory firm provides critical strategic guidance to startups, investors, and financial institutions in the sports gaming space while also serving as an independent touchpoint between the world’s most prominent gaming operators, suppliers, regulators, venture capital funds, and angel syndicates. Lloyd serves as the Co-Chairman of the CompTIA AI Advisory Council, a committee of preeminent thought leaders focused on establishing industry best practices that benefit businesses while protecting consumers. He previously managed institutional portfolios for BlackRock, data science initiatives for Samsung, and Machine Learning engines for sportsbook operators.

Tune in on the 8th of November  to hear him express his thoughts about  “INVESTING IN AI AND SPORTS”

HIPTHER FESTIVAL XXI will span over 5 days between 8-12 November, and the sessions can be joined via ZOOM, YouTube, or in NEOS Metaverse in collaboration with ViARsys.

Register yourself here:https://hiptherfestival.com/register/

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