Numerati® Partners LLC co-hosted the second InsurTech Alliance (ITA) Science & Engineering Expo on January 30, 2020 in New York City. The ITA Science & Engineering Expo is a collaboration between Numerati® Partners, a New York-based data analytics and technology enablement firm seeking to foster the next generation of data-intensive risk and liability management enterprises in risk technology (RiskTech), and leading global reinsurance broker Guy Carpenter & Company for the InsurTech Alliance (ITA), Guy Carpenter’s expanded insurance technology (InsurTech) offering, serving client needs for engagement with the dynamic, rapidly evolving InsurTech sector.
“The 2020 InsurTech Alliance Science & Engineering Expo demonstrates our ongoing commitment to advancement at the leading edge of rigorous, substantive, science-based, industry-focused innovation which are relevant across the global insurance and reinsurance sector. We are pleased to continue our collaboration with Guy Carpenter via the InsurTech Alliance, and anticipate further progress in our shared goal of advancement in the insurance technology sector,” said Samantha Kappagoda, Co-Managing Member of Numerati® Partners.
The second ITA Science & Engineering Expo (Expo) marks the completion of Numerati® Partners’ first cycle with the ITA, in addition to the concurrently ongoing second cycle. During the first cycle, Numerati® Partners conducted five deep-dive technical assessments — Proofs-of-Concept (PoCs) — of emerging technology offerings, and performed research on another 60 technology offerings, created quarterly bootcamps comprised of hands-on technical and scientific demonstrations, presentations and exhibits for ITA Founders and Subscribers.
These bootcamps, including substantive interactive presentations focusing on automotive telematics, Internet-of-Things (IoT) and cybersecurity, were designed in conjunction with scientists, engineers and technologists enlisted from the Numerati® Partners ecosystem of technical experts at the leading edge of their respective fields including those associated with RiskEcon® Lab @ Courant Institute of Mathematical Sciences, NYU.
The Expo showcased the following three technology offerings with whom Numerati® Partners conducted a deep-dive technical assessment and has proposed for further engagement with Guy Carpenter, the ITA, and the broader insurance and reinsurance sectors:
- Geospatial Insight: global satellite imagery analytics,
- NavVid: an automotive telematics risk-safety software application, and
- Talespin: an extended reality (XR) platform for workforce knowledge transfer and skill alignment.
“Prudent adoption and responsible deployment of technology by insurers and reinsurers require ongoing commitment to technical assessment by specialists and functional testing by experts at a fundamental level, as a foundation for reliable insurance and reinsurance innovation,” said David K.A. Mordecai, PhD, Co-Managing Member of Numerati® Partners.
“Challenges and disruption from evolving technology have been facing the insurance business since the use of fire marks. The Expo and its RiskTech perspective are organized by Numerati® Partners in conjunction with Guy Carpenter’s GC Genesis initiative and provide attendees with in-depth insight into the innovative use of data, analytics, and technology to provide a competitive edge through dedicated technical research,” said Jay Woods, Chairman of the InsurTech Alliance.
“The ITA Science & Engineering Expo, curated by Numerati® Partners and co-hosted by Guy Carpenter, is part of a scientific and engineering program designed to help insurers better understand technologies that are transforming the way insurance is and will be provided. As the 21st Century unfolds, having access to scientific and engineering expertise will be the difference between success and failure,” said Peter Thomas, President of the InsurTech Alliance.
Rob Bentley, Chief Executive Officer of Global Strategic Advisory at Guy Carpenter points out “Guy Carpenter is particularly focused on three areas: InsurTech, analytics and alternative capital. GC Genesis and the ITA specific focus is on the advances in digital technology and, more specifically on InsurTech.” He adds, “The recently concluded InsurTech Alliance Science & Engineering Expo is unique. The Expo brings together insurers, InsurTech companies, academics, scientists and engineers in an open and collaborative forum. Numerati® Partners and its ecosystem of academics, scientists, and engineers conduct extensive and objective reviews of the emerging digital technologies, as well as deep dives into designated InsurTech companies and their supporting technologies, products, and services. It is this science-based, innovative and collaborative model that enables insurers to distinguish between good technology and bad, identify credible InsurTech partners, and anticipate the underwriting implications of these new digital technologies.”
SOURCE Numerati Partners LLC
SEC Small Business Advocate to Host Virtual Coffee Breaks Discussing Small Business Capital Raising
Washington, D.C.–(Newsfile Corp. – March 31, 2020) – The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation is hosting a series of virtual coffee breaks to engage with the public to discuss updates, trends, and perspectives on how COVID-19 is impacting raising capital.
“Recognizing the increased focus on digital engagement as we take COVID-19 precautions, our office looks forward to using technology tools to reach thought leaders across the country to continue our mission of amplifying the voices of small businesses and their investors, from start-up to small cap and from coast-to-coast,” said Director Martha Miller.
Each virtual coffee break will spotlight what’s happening in a particular area of the market, incorporating feedback from entrepreneurs, investors, and other market participants. The office will host its first virtual coffee break on April 3 at 11 a.m. ET to discuss updates in online investment capital raising, a timely topic as many businesses and investors are considering new strategies to bridge networks.
Instructions on how to participate in these virtual events are available on the office’s virtual coffee breaks event page. Businesses and investors are also encouraged to reach out to the office online at www.sec.gov/oasb, via email at firstname.lastname@example.org, or by phone at 202-551-5407 for support with their capital raising needs.
Cypherpunk Holdings Inc. Announces Resignation of CEO Due to Family Illness
Toronto, Ontario–(Newsfile Corp. – March 31, 2020) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) announces that CEO Dominic Frisby is resigning from the company due to family illness.
“It is with great regret that I have to stand down from Cypherpunk Holdings, so early in our company’s evolution. I see such enormous potential both with the company and privacy technology more generally. However, some extremely difficult circumstances have arisen at home that have forced my hand, and I am unable to carry on. I have enjoyed my time as director and CEO enormously, and I would like to thank the board for having given me this opportunity. I am sorry my departure is so sudden.”
With the Covid-19 crisis ongoing, the board has decided it would be inappropriate to appoint a new CEO at present. Instead the focus will be on reducing costs and preserving capital. For the time being, a committee comprised of several directors of the board will run the day-to-day business of the company until a new CEO is appointed.
Cypherpunk Holdings Inc. is a vehicle set up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Cypherpunk’s common shares trade on the Canadian Securities Exchange under the symbol “HODL”.
More details, and the latest company presentation, can be found at the company website: https://cypherpunkholdings.com/
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 goal of making investments in the blockchain and other sectors and enhancing value. 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.
Investor Relations Contact:
Cypherpunk Holdings Inc.,
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53997
Bond Resources Closes Tranche 1 of Non-brokered Private Placement
Vancouver, British Columbia–(Newsfile Corp. – March 31, 2020) – BOND RESOURCES INC. (CSE: BJB) (the “Company” or “Bond”) announces that, further to its news releases of November 15, 2019 and February 4, 2020, it has closed Tranche 1 of its non-brokered private placement (the “Financing”), raising $1,618,210 in gross proceeds through the issuance of 8,091,050 units (the “Units”) at a price of $0.20 per Unit. The Financing is being undertaken in conjunction with the Company’s proposed acquisition of an interest in the Mary K Property, in Idaho.
Each Unit is comprised of one common share and one-half of one common share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to purchase one common share (a “Share”) of the Company at a price of $0.40 per Share for a period of two years following the closing date, subject to an accelerated expiry if the closing price of the Shares is equal to or greater than $0.60 per Share for 20 consecutive trading days at any time following four months after the date of closing.
The structure of the transaction to acquire the Mary K Property has changed to reflect that new agreements with the property owners have been put in place. Bond will now be acquiring all of the shares of a private Canadian company, which wholly owns a US subsidiary, which in turn holds the contractual rights to acquire the Mary K Property. The overall cost to acquire the Mary K Property remains the same; however some of those costs have already been paid by the target company. As a result, the number of shares to be issued to acquire the target has increased to 66,000,000 shares.
The Company intends to use the proceeds from the Financing toward making initial payments to the underlying property owners ($507,600), initiating the recommended work program on the property ($850,000), and costs associated with closing the transaction.
Aggregate compensation of $85,128.00 and 212,820 finders’ warrants (having the same general terms as the Warrants) was paid by the Company to Mackie Research Capital Corporation as a finders’ fee for the portion of the Tranche 1 closing of the Financing attributable to their efforts.
All securities issued in connection with the Financing are subject to a hold period of four months and one day in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws. The Company has 13,941,050 common shares issued and outstanding following the completion of the Financing.
The Company has received a technical report on the Mark K Property, which it has filed with the CSE as part of its application for approval of the proposed transaction. A copy will be posted on SEDAR upon closing.
The Transaction was negotiated at arm’s length. The Transaction constitutes a fundamental transaction under the policies of the Canadian Securities Exchange (the “CSE”) including a change of control, and as such, it will require approval of the Exchange and a majority of the minority shareholders of Bond. It is expected trading of Bond’s common shares on the CSE will remain halted pending closing of the Transaction.
Further details will follow in subsequent news releases and the Listing Statement to be filed with the CSE.
ON BEHALF OF THE BOARD
Signed “Robert Eadie”
Robert Eadie, Lead Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact: Robert Eadie
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the ability to close the Transaction; the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Financing; future work to be carried on the Property; use of funds; and the business and operations of Bond after the proposed Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in the Financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations; and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Bond Resources disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53987
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