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Atrium Mortgage Investment Corporation Announces March 2021 Dividend

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Toronto, Ontario–(Newsfile Corp. – March 2, 2021) – Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of March 2021 of $0.075 per common share, to be paid April 13, 2021 to shareholders of record March 31, 2021.

Atrium pays monthly dividends currently at an annual rate of $0.90 per share, plus a special dividend to shareholders of record at year-end in the event the dividends declared are less than taxable income for that fiscal year.

Shareholders are reminded that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest their dividends in new shares of Atrium at a 2% discount from market price and with no commissions. This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor.

About Atrium

Canada’s Premier Non-Bank Lender™

Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium’s objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters.

Atrium is a Mortgage Investment Corporation (MIC) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. For further information, please refer to regulatory filings available at www.sedar.com or Atrium’s website at www.atriummic.com.

For further information, please contact

Robert G. Goodall
President and Chief Executive Officer

Jennifer Scoffield
Chief Financial Officer

(416) 867-1053
info@atriummic.com
www.atriummic.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75831

Peak Signs Strategic Partnership Agreement with China’s Top e-Commerce Software Provider ShopEx

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Montreal, Quebec–(Newsfile Corp. – March 2, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has signed a strategic partnership agreement with ShopEx, China’s preeminent e-commerce software provider.

ShopEx (https://www.shopex.cn/) provides a complete suite of solutions and related services to help entrepreneurs and retailers easily create, manage and market stores on China’s top e-commerce marketplaces. One of ShopEx’s key selling features is that it allows merchants to manage multiple stores on multiple marketplaces from a single application. ShopEx’s solutions are used by retailers on the 28 online marketplaces and social media platforms listed below. Those marketplaces and social media platforms now provide the backbone of China’s online retail industry, collectively hosting an estimated 9 million stores and over 80 million micro-shops.

ShopEx Client Affiliated Marketplaces and Social Media Platforms:

The strategic partnership between Peak and ShopEx calls for an API link between the ShopEx platform and Peak’s Lending Hub platform that will allow data from online stores managed with the ShopEx applications to flow to the Lending Hub and help qualify the stores for loans and credit from the Hub’s banks and financial institution lending partners. The parties will engage in joint marketing efforts and become authorized resellers of one another’s products and services and earn referral fees from one another.

“I can’t stress enough how important this partnership is for us,” commented Peak China CEO Liang Qiu. “With the continued proliferation of online stores, how social media platforms are changing retail buying habits, and the dramatic impact the pandemic has had fueling on-line purchasing, the online retail space has been a very important area of focus for us. We began reaching out to marketplace operators one by one to gain a foothold in the space, but that was until we had an opportunity to talk with ShopEx. This partnership provides access to shops operating on 28 marketplaces and social media platforms without having to negotiate separate partnerships with all of them. We believe this will undoubtedly dramatically accelerate our influence in the online retail space, which makes this new relationship with ShopEx an extremely valuable one for Peak,” concluded Mr. Qiu.

“We think the financing services provided by the Lending Hub perfectly complement our offering to merchants,” said ShopEx Executive VP and Co-Founder Sanyong Ji. “Not only do we provide them with everything they need to create, market and manage their online stores, now we’ll also be able to help them get the funding they need to run their operations. We couldn’t be more excited about this partnership and look forward to working with Peak for the mutual benefit of our organizations.”

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.com

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
investors@peakfintechgroup.com

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75810

WeGift Closes $12 Million Series A+ Round to Accelerate Growth of Digital Payouts Platform

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WeGift closes additional financing in $12 million funding round and welcomes new investor CommerzVentures, the FinTech-focused venture capital fund backed by Commerzbank. CommerzVentures joins existing investors, AlbionVCwho led the fundraise, as well as Stride.VCSAP.iO Fund, and Unilever Ventures.

WeGift has already captured significant market share in the B2B digital rewards industry with customers like Habito, Perkbox, Seated, and Vodafone. They plan to invest heavily in go-to-market hiring, product development, and expanding into the U.S. This round will establish WeGift as the universal digital payouts platform for businesses.

“Currently payments are a one-way street,” said WeGift Founder and CEO Aron Alexander. “Existing solutions enable businesses to take money from consumers, but they don’t let them easily send it back. They’re stuck using banking and credit card networks that are slow, expensive, and poorly-suited for payouts. We help companies instantly transfer value to the people they care about,” he added.

The funding round occurs at a time when companies across all industries are looking to create digital-first experiences with their global audiences, whether external-facing like customers or internal-facing like employees. By removing friction from the payouts process, WeGift’s cloud-based platform and open API solution serve a broad set of needs for medium and enterprise businesses, including acquisition, retention, recognition, and reimbursements.

“The $700 billion rewards and incentives industry is ripe for disruption,” said CommerzVentures Partner Heiko Schwender who will serve as a WeGift board advisor. “With the mass adoption of all-digital, work-from-everywhere and live-from-anywhere, there’s an even greater need for a global, on-demand, instant payouts solution,” he added. The CommerzVentures portfolio includes banking infrastructure leaders such as Marqeta and Mambu, and will be instrumental in shaping the future of global financial services.

Finastra reveals corporate bank priorities for 2025 as digitization and fintech collaboration accelerate

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Research from Finastra, unveiled today at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks and their customers over the next five years. It reveals that corporate banks are moving away from the traditional ‘relationship builder’ approach of client interaction and management (where they build wider banking relationships with clients to cross-sell additional services) towards being ‘platform players’ that offer value-added services and can deliver real-time execution.

Torsten Pull, SVP & General Manager for Corporate Banking at Finastra, said, “The pandemic has brought the future forward, forcing banks to adapt their operations in lending, trade finance and cash management, and accelerate digital transformation. To thrive, these organizations must change their business models, adopting new infrastructures that support the journey towards digital, end-to-end, platform-driven corporate banking. We wouldn’t expect this shift to remove the role of the relationship manager, rather digitization enhances their ability to access insightful data for quicker decision making.”

The research, which gauged the views of over 700 heads of relationship, technology and product across global corporate banks, shows how their priorities are changing over the next five years in line with their corporate clients’ requirements. The responses show that corporates will prioritize online banking, value-added services, and real-time service and execution above their banks’ range of products and services and relationship management in the next five years.

Corporate banks must respond. Appetite for change exists, as digital transformation budgets within these organizations are expected to increase by 2025:

  • Cash management and trade finance – banks expect digital development budgets to grow by around 30%
  • Lending – banks expect digital development budgets to increase by 20%

As relationship management falls in priority and the pandemic highlights gaps, corporate banks are changing their focus:

  • Cloud technology and digital signature are the main tools that banks need as soon as possible:
    • Around 19% of banks said that cloud is needed for their response to COVID-19, but that they don’t currently have access to this technology (across cash management, lending and trade finance)
    • Digital signature was also cited as a requirement, but 18% of banks do not currently have access to this (across cash management, lending and trade finance)
    • Over 80% of lenders said that account validation was a key digitization priority too

Torsten added, “The need to deliver faster, more agile and more tailored corporate finance solutions across sectors is driving corporate banks to embark on a digital transformation journey. The agility and expertise of fintech partners will be essential, as will collaboration via open platforms. As these trends ramp up, our research shows that around 70%-75% of banks are already working with fintech partners, or plan to do so in the next year. It’s a change to be embraced which will help to accelerate growth.”

To find out more, attend our virtual Finastra Universe event kicking off today, with on demand content available for the rest of the month. Sign up here. To download the corporate banking research, click here.

Hancock Whitney Bank Offers PayActiv EWA Program to Business Clients

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PayActiv, the only vendor with an EWA program specifically approved by the Consumer Financial Protection Board (CFPB), welcomes Hancock Whitney, the first bank to offer PayActiv’s financial wellness solution to its bank clients.

Starting immediately, Hancock Whitney will include PayActiv as an additional banking solution for its business clients. “We are pleased to offer PayActiv to our business clients with 100 or more employees. This solution aligns perfectly with our goal of helping clients achieve holistic financial wellness,” says John Hairston, the chief executive officer of Hancock Whitney.

With PayActiv in the workplace, businesses help their employees avoid costly service fees and charges associated with short-term payday loans. By accessing a portion of their already earned but unpaid wages, a PayActiv user can save up to hundreds of dollars in fees and charges. According to the CFPB, “the PayActiv EWA program is an innovative alternative to credit.”

“Hancock Whitney has shown leadership and lived its commitment to serve hard-working Americans. Their clients can now attract, retain and recruit talent with a powerful and innovative benefit,” said Safwan Shah, CEO of PayActiv.

“Businesses that choose Hancock Whitney can now help workers live the lives they’ve earned, navigate the ups, downs and unknowns in life and be able to participate more fully in the economy they helped create,” Shah concluded.

The EWA Program from PayActiv is CFPB-approved and available across 50 states. PayActiv  saved users $572 million in payday loan, overdraft and late fees and reduces turnover by up to 50 percent.

Antibiotics Market Size Worth $57.99 Billion By 2028 | CAGR: 4.5%: Grand View Research, Inc.

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The global antibiotics market size is expected to reach USD 57.99 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.5% from 2021 to 2028. High usage of antibiotics and inappropriate prescription behavior of antibiotic drugs worldwide are the major factors anticipated to drive the market. Moreover, rising awareness among patients and healthcare professionals and increasing involvement of regulatory bodies in the R&D activities of new therapies to treat infectious diseases are expected to propel the market growth over the forecast period.

Key suggestions from the report:

  • By action mechanism, the cell wall synthesis inhibitors segment accounted for the largest share of 52.1% in 2020 and is anticipated to maintain its lead over the forecast period
  • Based on drug class, the cephalosporin segment held the second-largest share in 2020. Pipeline candidates in cephalosporin drug class such as Fetroja (cefiderocol), cefilavancin, and ceftobiprole are anticipated to drive the segment in the forecast period
  • The others’ drug class segment is expected to grow at the fastest rate during the forecast period. The segment consists of various existing classes of antibiotics as well as some newly developed drugs, such as tetracycline, carbapenem, imidazole, peptides, lincosamides, and monoclonal antibodies
  • Asia Pacific was the largest regional market in 2020 and is expected to witness the fastest growth in the coming years owing to the rising consumption of antibiotics and high disease prevalence
  • North America emerged as the second-largest regional market in 2020 owing to government initiatives for the development of new therapies and better reimbursement scenario

Read 120 page research report with ToC on “Antibiotics Market Size, Share & Trends Analysis Report By Drug Class (Cephalosporin, Penicillin, Fluoroquinolone, Macrolide, Carbapenem, Aminoglycoside, Sulfonamide, 7-ACA), By Action Mechanism, And Segment Forecasts, 2021 – 2028” at: https://www.grandviewresearch.com/industry-analysis/antibiotic-market

An increasing number of public-private collaborations, wherein funding and innovative R&D approaches are provided by public agencies to firms developing antibiotics, is expected to boost the product pipeline. For instance, in December 2018, Eisai Co., Ltd., and Takeda Pharmaceutical Company Limited announced an agreement with GARDP for the development of novel antibacterial compounds.

Betterment in the approval process of antibiotic drugs is expected to boost the market growth over the forecast period. In February 2020, Merck received acceptance for a review of supplemental New Drug Application (sNDA) from the U.S. FDA for RECARBRIO (imipenem, cilastatin, and relebactam) intended for HABP/VABP. This submission is anticipated to reinforce the continued dedication of the company to R&D pertaining to antibiotic therapies that address unmet medical needs.

Government reforms such as the Generating Antibiotics Incentives Now Act in the U.S. are projected to propel market growth in the coming years. This is further expected to facilitate the development process of advanced drugs. According to the Pew Charitable Trusts, about 30% of the outpatient oral antibiotic drug prescriptions are unnecessary and most of these prescriptions are for disease conditions against which antibiotics are not significantly effective, such as non-bacterial infections and acute respiratory conditions.

The market is highly competitive and major market players have almost similar market share. Pharmaceutical players are adopting strategies, including mergers & acquisitions, collaborations, and strategic alliances, to gain a competitive advantage. The major pharmaceutical companies are collaborating for developing novel therapies to reduce the cost burden of the drug development process. In December 2019, Appili Therapeutics signed an agreement with Saptalis Pharmaceuticals for the reformulation of antibiotic metronidazole. According to the agreement, Saptalis will be responsible for manufacturing, marketing of ATI-1501 in the United States. Moreover, in October 2018, Paratek Pharmaceuticals, Inc. entered into a license agreement for the development and commercialization of Seysara (sarecyline) with Allergan.

A group of key pharmaceutical players has launched AMR Action Fund worth USD 1 billion in July 2020. This fund is expected to support the research of innovative and novel antibiotics and is formed in collaboration with the European Investment Bank, the Wellcome Trust, and the World Health Organization.

Due to the lack of commercial success for newly developed antimicrobial drugs, government and non-government bodies have adopted strategies to incentivize antibiotic drug R&D activities. For instance, the government in alliance with BARDA is supporting several companies to boost the R&D activities in new therapies for infectious diseases. BARDA has also been associated with pharmaceutical companies, such as GSK, Tetraphase, and Basilea Astra Zeneca. CARB-X is investing around USD 109 million to support the early-stage development of potential therapeutic candidates.

Grand View Research has segmented the global antibiotics market on the basis of action mechanism, drug class, and region:

  • Antibiotics Action Mechanism Outlook (Revenue, USD Million, 2017 – 2028)
    • Cell Wall Synthesis Inhibitors
    • Protein Synthesis Inhibitors
    • DNA Synthesis Inhibitors
    • RNA Synthesis Inhibitors
    • Mycolic Acid Inhibitors
    • Others
  • Antibiotics Drug Class Outlook (Revenue, USD Million, 2017 – 2028)
    • Cephalosporin
    • Penicillin
    • Fluoroquinolone
    • Macrolide
    • Carbapenem
    • Aminoglycoside
    • Sulfonamide
    • 7-ACA
    • Others
  • Antibiotics Regional Outlook (Revenue, USD Million, 2017 – 2028)
    • North America
      • U.S
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • India
      • China
      • Japan
      • Thailand
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa

List of Key Players of Antibiotics Market

  • Merck & Co., Inc.
  • Allergan plc (AbbVie)
  • GlaxoSmithKline plc.
  • Pfizer Inc.
  • Melinta Therapeutics
  • Basilea Pharmaceutica Ltd.
  • Tetraphase Pharmaceuticals
  • Paratek Pharmaceuticals, Inc.
  • Nabriva Therapeutics plc
  • Spero Therapeutics

Find more research reports on Pharmaceuticals Industry, by Grand View Research:

  • Monoclonal Antibodies Market  The global monoclonal antibodies market accounted for USD 85.4 billion in 2015 and is expected to exhibit a growth rate of 5.7% over the forecast period.
  • Animal Feed Additives Market  The global animal feed additives market size was USD 37.83 billion in 2019 and is projected to expand at a CAGR of 3.8% from 2020 to 2027.
  • Crohn’s Disease Therapeutics Market  The global Crohn’s disease therapeutics market size was estimated at USD 3.8 billion in 2016 and is expected to register a CAGR of 2.4% during the forecast period.

Subex joins O-RAN Alliance to help accelerate the adoption of open radio access networks

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Subex, a pioneer in Digital Trust, announced today that it has become a member of the O-RAN Alliance to support the development and standardisation of Open RAN (radio access networks). With its expertise in advanced network analytics based on machine learning, Subex joins the alliance to help drive innovation in the radio access network domain – ultimately facilitating Open RAN that leverages embedded artificial intelligence (AI) to maximise network performance.

The O-RAN Alliance aims to transform the RAN industry towards an open, intelligent, virtualised, and fully interoperable mobile network ecosystem. The alliance is responsible for creating O-RAN standards and reference architectures to enable a more competitive and vibrant RAN supplier ecosystem with faster innovation. Today, O-RAN Alliance has become a world-wide community of mobile network operators, vendors, and research and academic institutions.

According to Dell’Oro Group, by 2025, 10% of the total RAN market will be captured by Open RAN hardware and software. ABI Research has predicted that Open RAN Capex spending will overtake traditional RAN spending by 2028. Leading European telecommunications operators including Deutsche Telekom, Orange, Telefónica and Vodafone have already committed to deploying Open RAN as part of their 5G rollouts.

The open standards promoted by O-RAN Alliance will allow the development of open interfaces and faster deployment of radio access networks by leveraging technologies such as AI and real-time analytics. As 5G moves towards becoming mainstream, Open RAN at the network edge is expected to benefit applications including autonomous vehicles and Internet of Things (IoT) solutions.

Suresh Chintada, CTO, Subex, comments, “As of today, Subex has proven its vendor-agnostic capabilities catering to use cases that alleviate the critical business challenges faced by network planning and optimisation teams, via its capacity management solution. Through its innovative AI-first approach, Subex helps network teams achieve a higher level of efficiency and accuracy in making smart decisions, resulting in the maximisation of return on network investment and customer experience enhancements. As a next step towards evolving our solution, we are proud to be working with the O-RAN Alliance. Within the alliance, Subex will be extensively involved in working groups related to RAN Intelligent Controller (RIC) and will bring innovation using machine learning and deep learning technologies. Open RAN brings considerable innovation potential to the telecommunications industry. The joint effort of all vendors involved in the alliance will greatly accelerate innovations in the space, and we’re excited to be part of it.”

The O-RAN Alliance was founded in February 2018 by AT&T, China Mobile, Deutsche Telekom, NTT DOCOMO, and Orange, and has since become a global community of mobile network operators, vendors, and research and academic institutions operating in the RAN industry.

Contis and Bitpanda issue multi-asset debit card

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A new Visa debit card from European neobroker Bitpanda launched this week. Combining Contis’ unique “zero-balance” Buffer technology with Bitpanda’s European-wide, multi-service platform has created one of the most powerful multi-asset propositions available – the Bitpanda Card.

New ‘zero balance’ technology removes the need to liquidate assets before spending. Any digital assets a user has in their Bitpanda account can now be converted automatically to fiat at point-of sale, both online and in store, wherever Visa is accepted.

With more than 55 digital assets such as cryptocurrencies, precious metals and fiat available to hold on the Bitpanda platform, this card pushes the boundaries of crypto and asset spending in Europe. The card can be linked to any asset in a user’s Bitpanda portfolio and through the app, cardholders can easily switch, say from cryptocurrency to gold, and spend in real-time.

Contis Executive Chairman, Peter Cox, said: “Crypto continues to move forward at pace, and Contis is proud to spearhead the charge with partners such as Bitpanda. We’ve seen record levels of crypto investing this past year and cryptocurrencies are increasingly being used as an everyday currency as well as an asset.

“Combining the practicality of fiat with the benefits of blockchain has helped prove the long-term legitimacy of digital finance. A card that allows seamless spending is one of the leading-edge innovations for crypto accounts.

“We’re seeing considerable uptake among crypto providers for card products that include ‘zero balance’ capabilities. In partnership with Contis, industry leaders such as Bitpanda continue to drive innovation in spending crypto and deliver cutting edge products for their customers.”

Eric Demuth, co-founder and CEO of Bitpanda, said: “Launching the Bitpanda Card together with Contis is another step in our leading vision of the personal finance revolution, allowing everyone to spend any of their assets, be that with crypto, metals, or fiat, as they please – easily, 24/7. No topping up is required. Everything that holds value should be treated equally and should be possible to use as you wish. The Bitpanda Card is the missing piece of the puzzle in the world of digital finance.”

BBL Acquisitions Inc. Announces Successful Take-Over Bid

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Toronto, Ontario–(Newsfile Corp. – March 1, 2021) –  BBL Acquisitions Inc. (the “Offeror“) is pleased to announce that the Offeror has been successful in its offer (the “Offer“) to purchase all of the outstanding Class A Subordinate Voting shares (the “Class A Shares“) of Brampton Brick Limited (TSX: BBL.A) (“BBL“).

Based upon reports received from AST Trust Company (Canada), the depositary for the Offer, as of the expiry of the Offer at 5:00 p.m. (Toronto time) on March 1, 2021 (the “Initial Expiry Time“), 3,376,426 Class A Shares, representing approximately 64.9% of the issued and outstanding Class A Shares excluding Class A Shares, beneficially owned or over which control or direction is exercised by the Offeror or any person acting jointly or in concert with the Offeror, were properly tendered to the Offer and not withdrawn prior to the Initial Expiry Time.

All of the conditions of the Offer have now been satisfied or waived by the Offeror. In accordance with the terms of the Offer, the Offeror will immediately take up the Class A Shares that have been tendered to date and pay for the Class A Shares taken up as soon as possible and, in any event, not later than three business days after the Class A Shares are taken up.

Pursuant to National Instrument 62-104 – Take-Over Bids and Issuer Bids, the initial deposit period during which Class A Shares may be deposited under the Offer has been extended for the mandatory

10-day extension period, and accordingly the Offer will remain open for acceptance until 5:00 p.m. (Toronto time) on March 11, 2021 (the “Expiry Time“). BBL shareholders who tender their Class A Shares prior to the Expiry Time will receive the same $12 per Class A Share cash consideration to be received by BBL shareholders whose Class A Shares were deposited and not withdrawn prior to the Initial Expiry Time.

Information concerning the Offer can be found in the Offeror’s Circular dated December 21, 2021, a copy of which is available on BBL’s profile at www.sedar.com.

For more information please contact:

Jeffrey G. Kerbel
Tel: 905 840-1011
Email: jkerbel@kerbel.ca
Fax: 905 840-1535

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75781

SEC Awards Over $500,000 to Two Whistleblowers

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Washington, D.C.–(Newsfile Corp. – March 1, 2021) – The Securities and Exchange Commission today announced an award of over $500,000 to two whistleblowers whose tips revealed an ongoing fraud and resulted in multiple SEC actions and a related action from another government agency.  Both whistleblowers provided substantial, ongoing assistance that conserved the agencies’ time and resources. 

“This case demonstrates once again the value of the whistleblower program in helping to protect investors, and the Commission’s continued commitment to rewarding individuals who provide high-quality tips,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.  “The timely reporting of credible information by these whistleblowers provided the Commission the opportunity to quickly investigate and address misconduct that was actively harming investors.”

The Commission has awarded approximately $753 million to 140 individuals since issuing its first award in 2012.  All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the Commission by securities law violators.  No money has been taken or withheld from harmed investors to pay whistleblower awards.  Whistleblowers may be eligible for an award when they voluntarily provide the Commission with original, timely, and credible information that leads to a successful enforcement action.  Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

As set forth in the Dodd-Frank Act, the Commission protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower’s identity.

For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.

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