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nCino Announces Launch of Initial Public Offering



nCino, Inc. (“nCino”) today announced that it has launched the roadshow for its initial public offering of 7,625,000 shares of its common stock. The underwriters of the offering will also have a 30-day option to purchase from nCino up to 1,143,750 additional shares of common stock. The initial public offering price is expected to be between $22.00 and $24.00 per share. nCino has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “NCNO.”

BofA Securities and Barclays are acting as lead book-running managers for the offering. KeyBanc Capital Markets and SunTrust Robinson Humphrey are also acting as book-running managers for the offering, along with Piper Sandler, Raymond James and Macquarie Capital.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to this offering, when available, may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or via email: dg.prospectus_requests@bofa.com, or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (888) 603-5847, or by email at barclaysprospectus@broadridge.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

GOLO Mobile Inc. Announces Agreement to Acquire Walter Innovations Inc.



  • Acquisition accelerates GOLO’s transition toward a company that is focused on solving the final 100 feet of last mile delivery in high population density areas through Walter’s innovative technology platform
  • The addition of Walter provides GOLO with an immediate and significant presence in the multi-residential real estate market while also enhancing GOLO’s product offering to existing customers
  • Acquisition better positions GOLO to address the needs of property managers during and post-COVID-19 by providing a safe and efficient solution for the final 100 feet of last mile delivery for both the commercial and multi-residential real estate markets
  • Combined entity expected to leverage many synergies including Walter’s smart building technology that can be easily integrated on to GOLO’s existing commercial real estate platform and through the addition of key personnel, such as Thierry Skoda who will join GOLO’s management team as Chief Technology Officer, subject to the approval of the TSXV
  • Through the combination of two Montreal-based entities, the acquisition is expected to attract top talent within the technology sector in Montreal, a city regarded as one of Canada’s premier technology hubs
  • GOLO management to host conference call at 1 p.m. ET to discuss the transaction

Montreal, Quebec–(Newsfile Corp. – July 7, 2020) – GOLO Mobile Inc. (TSXV: GOLO) (“GOLO” or the “Company”) is pleased to announce that it has completed today the acquisition of all of the issued and outstanding shares of Walter Innovations Inc. (“Walter”) pursuant to a share purchase agreement dated effective as at the date hereof (the “Acquisition”). Walter and each of its shareholders is an arm’s length party to GOLO.

“Walter is the perfect addition to our business because it provides us with an immediate presence in the multi-residential real estate market and enhances our product offering to existing customers,” said Peter Mazoff, President and CEO. “This Acquisition enables us to service the full spectrum of high population density areas. We have made significant progress partnering with leading firms, such as JLL Canada, to expand our commercial real estate product offering and we will continue to make inroads in the multi-residential real estate market through Walter’s established reputation and widespread usage of its smart building technology. This Acquisition is also timely amidst COVID-19, since property managers are increasingly looking for ways to enhance safety and minimize the congestion of buildings and our combined entity will help address both of these issues. We are also pleased to bring together two Montreal-based companies, capable of attracting top talent in the technology sector to help with our next leg of growth.”

“We are very proud of the product and customer solutions that we have created and we look forward to joining with GOLO to implement it on a broader scale,” said Max Lachance, CEO of Walter.

The aggregate purchase price for the Acquisition is $6.0 million comprised of: (i) a cash payment of $0.3 million (subject to customary adjustments which are payable in common shares in the capital of GOLO (“GOLO Shares”) at a price equal to the 5-Day VWAP (as defined below) should GOLO owe any amounts, and payable in cash or a set-off against the Holdback Amount (as defined below), at GOLO’s option, should the vendors owe any amounts); (ii) the issuance of 18,251,670 GOLO Shares at a price of $0.3123 per GOLO Share, being the volume weighted average trading price of the GOLO Shares on the TSX Venture Exchange (the “TSXV”) for the five trading days prior to the date hereof (the “5-day VWAP”) (subject to an 8-month holdback of up to 3,762,402 GOLO Shares at a price equal to the 5-Day VWAP to secure against potential post-closing indemnification claims (the “Holdback Amount”)); and (iii) a price protection provision which provides that in the event that the volume weighted average trading price of the GOLO Shares on the TSXV for the five trading days prior to the date that is 12 months after the date hereof (the “Anniversary VWAP”) is lower than the 5-day VWAP, up to a maximum of 7,102,195 additional GOLO Shares shall be issued to the vendors at a price equal to the greater of: (A) the Anniversary VWAP; or (B) the maximum allowable Discounted Market Price (as such term is defined under the policies of the TSXV) on the date that is 12 months after the date hereof. In certain circumstances GOLO has the option to repurchase, at a price of $0.01 per GOLO Share, certain of the GOLO Shares issued as consideration for the Acquisition to satisfy post-closing indemnification claims against the vendors.

Benefits to GOLO’s Shareholders

Since the second quarter of 2020, GOLO has been transitioning its business toward solving the final 100 feet, or the last stages, of last mile delivery through its ability to manage all packages and deliveries and minimize congestion for properties in high population density areas. Managing the final 100 feet of last mile delivery effectively has been of particular interest for property managers and tenants alike during COVID-19 and is expected to remain a priority for buildings in high population density areas going forward.

Similar to GOLO, Walter is also focused on high population density areas, specifically the multi-residential real estate market, which represents a new market segment for GOLO and a key reason why the Company believes the acquisition will benefit its shareholders.

Walter is a Montreal-based company that developed an app to help connect property managers and residents of condominium and apartment buildings. The app launched in 2019 after Walter saw a need to improve communication in multi-residential properties through modern technology, as opposed to bulletin board postings and other antiquated methods.

In addition to connecting residents with property managers, Walter also provides a concierge service similar to GOLO, which is why the Acquisition is expected to provide the combined entity with many synergies, the most important of which is leveraging a common technology platform and personnel.

Through Walter’s innovative technology, GOLO will be able to provide its existing customer base with a more robust product offering. Walter’s app includes a virtual buy and sell platform, an instant-messaging service and provides important property information, such as a copy of a building’s by-laws or important dates, such as a building’s annual general meeting. GOLO expects to add certain of these features to its existing product offering.

To help integrate the app across the entire GOLO customer-base, Walter’s co-founder, Thierry Skoda, will join GOLO as an employee of the Company upon closing of the Acquisition, and subject to approval by the TSXV, will be appointed as the Company’s Chief Technology Officer. Mr. Skoda was instrumental in creating the Walter technology and has a successful track record in developing and launching web applications.

“We are very excited to welcome Thierry to the GOLO team,” said Mr. Mazoff. “Thierry has a deep understanding of both the technology and real estate components of our business as well as building and integrating apps. His addition provides us with a valuable skillset that will help position our company for future growth.”

Investor Conference Call

GOLO will hold a conference call and webcast for analysts and investors to discuss the transaction.


      Tuesday, July 7, 2020


      1 p.m. ET


      647-427-7450 or 1-888-231-8191





Forward Looking Information

When used in this news 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. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in these forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. The forward-looking statements and information in this news release include, without limitation: information relating to the Acquisition including the timing and ability of the parties to satisfy the conditions to the completion thereof; the anticipated benefits of the Acquisition to GOLO and its shareholders; the characteristics of the combined entity; the expenses of the Acquisition; and the appointment of Thierry Skoda as Chief Technology Officer.

With respect to the forward-looking statements contained in this news release, assumptions have been made regarding, among other things: the completion of the Acquisition; GOLO’s ability to integrate Walter’s business and operations with GOLO’s business and operations; the Company’s ability to achieve, sustain or increase profitability, and fund its operations with existing capital and/or raise additional capital to fund operations; expenditures by the Company, merchants and customers in the Company’s network; continuing demand for the Company’s services and the pricing of such services; the ability of the Company to market its services successfully to existing and new merchants and customers; the economy generally; competition in the mobile delivery industry; stability of the general regulatory environment in which the Company operates; and the absence of significant disruptions to the Company’s operations such as may result from harsh weather, natural disaster, accident or other calamitous event.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause 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. Such factors include, among others, the following risks: GOLO may require additional financing from time to time in order to continue its operations and financing may not be available when needed or on terms and conditions acceptable to GOLO; there is no certainty that GOLO will be able to successfully integrate Walter’s operations or realize the expected benefits or synergies of the Acquisition; there may be liabilities associated with the Acquisition that could have a material adverse effect on GOLO’s business, financial condition or future prospects; GOLO expects to incur a number of costs associated with integrating the operations of Walter with GOLO’s existing operations and such costs may exceed GOLO’s expectations or there may be additional unanticipated costs; there is no assurance that GOLO will obtain the approval of the TSXV for the appointment of Thierry Skoda as Chief Technology Officer; and the other risk factors that are set forth under the heading “Risk Factors” in the Company’s Management Information Circular dated May 24, 2019, which is available on SEDAR at www.sedar.com.

GOLO cautions that the foregoing lists of assumptions and risks are not exhaustive. When relying on GOLO’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing assumptions and risks and other uncertainties and potential events. The forward-looking information contained in this news release represents the expectations of GOLO as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. GOLO does not undertake to publicly update or revise the forward-looking information contained in this news release to reflect new events or circumstances, except as required pursuant to applicable laws.

About GOLO Mobile Inc.

GOLO (TSXV: GOLO) provides a solution for the final 100 feet of Last Mile Delivery for properties via its concierge service as well as its ability to manage all packages and deliveries that enter a property. The Company’s focus is on office buildings, residential towers, corporate campuses, hospitals, airports and other highly populated areas. GOLO is publicly traded on the TSXV and its controlling shareholder is controlled indirectly by affiliates of Blackstone Group L.P. and the funds comprising CVC Capital Partners VI. Learn more at www.golo.io.

For Further Information:

Peter Mazoff, Chief Executive Officer
(514) 670-1228

Nicole Piasentini
(416) 848-1460

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.


Ncontracts Launches New Automated Audit Management Software, Nverify



Ncontracts, the leading provider of integrated risk, vendor, and compliance solutions for financial institutions, is excited to announce the launch of its much-anticipated audit management software, Nverify.

“With the addition of Nverify, we’ve created a comprehensive audit solution that is tailor made for the financial services industry, which includes prebuilt configurable content, making it possible to effectively manage the entire risk and compliance management life cycle,” said Michael Berman, chief executive officer of Ncontracts. “By adding this third line of defense, our risk management solutions give clients another mechanism to proactively defend against risk and adjust to an ever-changing business environment.”

Nverify is an automated, integrated auditing solution that not only ensures compliance, but also identifies opportunities for internal process improvement. Nverify streamlines the audit process to accurately identify and reduce risk, which saves both time and money. From its comprehensive library of financial service industry customizable templates to its robust reporting options and functionality, Nverify makes it easy to configure and execute audits with individual objectives, tests, and checklists; track audit history and status; and generate automatic alerts to stay on schedule.

“Customers and prospects have been asking for a tool to decrease the time needed to conduct audits and to make it easier to leverage the information for actionable data,” said Bill Simpson, Ncontracts’ chief technology officer. “Nverify connects findings and risk management with audit workflows, allowing financial institutions and financial service companies to concentrate their audit efforts on the areas of greatest impact.”

Abakus Won “Global AI Service Innovation Golden i Award”



The 2020 Innovative National Development Forum was held online on June 28th. At the event, the “Golden i Award”, regarded by the industry as the bellwether in terms of innovation across the world of AI, was announced. Abakus won the “Global AI Service Innovation Golden i Award 2020” for its outstanding contribution for enabling the digital transformation of various industries with artificial intelligence.

Abakus awarded Global AI Service Innovation Gold i Award 2020

The Deloitte’s White Paper on Global AI Development predicted that the global AI market is expected to exceed US$6 trillion by 2025. Widespread adoption of AI and other emerging technology means a growing portion of the world’s population can enjoy the convenience brought by them.

With enterprise-level AI applications and cloud technologies, Abakus provides its customers with dedicated tech solutions and consumer products. The company also immerses itself in deep tech, exploring new possibilities that require both technology supremacy and business insights. Abakus has active business operations in the US, Singapore, Indonesia, Vietnam and the Philippines.

Statistics show that 22% of Thais have only minimal savings in their bank accounts.  Roadblocks such as no credit profile, insufficient personal qualifications and complicated loan application process make it difficult for many Thais to obtain loans from professional financial institutions or commercial banks.

In response to the above pain points, Abakus and Siam Commercial Bank (SCB) entered strategic cooperation to set up Monix, a fintech joint venture, and jointly launched the first 100% online digital credit product. The joint venture will provide loan service for Thai individuals and small and micro-businesses including SCB’s existing customers to guarantee a fast, convenient and secure online credit service.  The company also serves as a bridge between local financial institutions and users and vows to put people who are most in need first.

Abakus will continue its innovative approach and modulate its existing fintech products and services along with the changing demands. With years of expertise at hand, Abakus is uniquely poised to combine the insights of financial institutions and the technological knowhows into viable businesses, offering use-case specific solutions that provide the desired production efficiency boost.

InstaReM expands fintech solution that helps SMBs improve cashflow to Australia


InstaReM, the consumer and SMB brand under global fintech platform Nium announced the launch of SMB fintech solution BizPay in Australia. BizPay utilises credit limits in corporate cards and converts them into working capital to help businesses make payments, including commercial rent, utilities or other supplier payments. The announcement comes shortly after the launch of BizPay in Singapore earlier in June.

SMBs often face challenges in securing loans or credits from banks or financial institutions. Even before the outbreak, only 52 percent of SMBs in Australia managed to get the loan needed[1]. Delay in payments caused by COVID-19 has further exacerbated credit problems faced by SMBs. While businesses may look to card-based payments to extend payment terms, the high transaction fees and FX markup act as a deterrent for payers as well as beneficiaries.

To help SMBs gain cashflows using existing credit lines, InstaReM has launched BizPay, an online platform which enables businesses to use their corporate cards as a funding source for supplier payments. Leveraging InstaReM’s existing remittance platform, business would only need to type the name of the beneficiary, the amount and currency of payment and charge the whole payment to their corporate card for funding. There is no need for the beneficiary to be directly card accepting or to be onboarded as part of the payment process. Businesses now gain full control of costs by eliminating fees and charges associated with other credit solution options.

“COVID-19 is proving to be a litmus test of resilience for businesses worldwide. It has caused significant disruption to working capital cycles and intensified the legacy liquidity concerns of SMBs. In such a situation, a means to generate funds using available credit resources emerges as a promising solution for businesses. Most companies in Australia would have an existing corporate credit card system from financial institutions that is used for travel and entertainment expenses. With social distancing measures and travel lockdowns bringing business travel and entertainment to a standstill, BizPay gives companies a chance to utilise their existing card credit lines optimally, while also creating a differentiated value for banks and financial institutions looking to generate usage of their credit cards,” said Sanjiv Razdan, Global Head of Commercial Payments, Nium.

Eurofins Digital Testing Expands Cyber Security Portfolio With Acquisition of Commissum



Eurofins Digital Testing, a global leader in end-to-end quality assurance and testing services, announced today that it has acquired Commissum Associates Ltd (“Commissum”) to add to its portfolio of information and cyber security services for companies around the world. Terms were not disclosed.

Commissum provides clients with information security, risk management and governance services, and helps them meet compliance challenges across a range of technologies and processes. They service SMEs to multi-national corporates as well as government agencies and work closely with client staff to ensure the security culture is embedded at all levels. Commissum is a CREST Accredited and UK Government NCSC CHECK member company.

Eurofins Digital Testing provides end-to-end Quality Assurance (QA), automated test tools, test services, and cybersecurity services to businesses in media, fintech, medical, IoT, governmental and other industries. The existing cyber security operations of Eurofins Digital Testing offer advisory services, managed services, compliance testing, awareness & training, and hacking & testing principally through its centre of excellence in the Netherlands (Qbit).

Striving to become a global leader in cyber security service provision, the acquisition of Commissum will help Eurofins Digital Testing to strengthen its position in the European marketplace with an increased presence in the UK and accelerate growth in the North American and APAC marketplaces. Commissum is a highly respected name in compliance testing and accreditation, and Eurofins will capitalise on this to meet increasing demand from markets worldwide.

Martin Finch, Managing Director and Founder of Commissum will continue to lead the team and will report to Johan Craeybeckx, Business Line Director, Eurofins Digital Testing International.

“The pace set by digital transformations and the near-exponential growth in connectivity is putting increasing demand on all organisations to meet the challenges posed in delivering a safe and secure IT infrastructure and ensuring any devices manufactured are similarly secure” said Johan Craeybeckx, Business Line Director, Eurofins Digital Testing International. “Commissum is acknowledged widely for delivering world class cyber security services. Their integrity and commitment are a perfect fit for Eurofins and we look forward to working with them to expand their working with our other cybersecurity teams around the world to make our clients’ operations safer and more secure.”

“We are excited to be joining Eurofins Digital Testing and working with them to address the cyber security challenges facing companies and organisations today and in the future,” said Martin Finch, Managing Director of Commissum, “Together with our new colleagues we will be helping deliver world-beating quality assurance and cyber security testing to help keep clients in all market sectors stay safe and secure. Getting onboard with Eurofins Digital Testing marks a new and exciting chapter for us all.”

NetCents Technology Announces Filing of Unaudited Condensed Interim Financial Statements for the Six Months Ended April 30, 2020


Vancouver, British Columbia–(Newsfile Corp. – July 7, 2020) –  NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) (“NetCents” or the “Company“), a cryptocurrency payments technologies company, is pleased to announce that it filed its condensed interim financial statements for the six months ended April 30, 2020. The Company is excited that its transition from the “development stage” to “revenue generation through transactions” is taking hold.

The Company has achieved the following growth for the period ended April 30, 2020:

  • Revenue for the six months ended April 30, 2020, was $102,061 compared to $23,503 for the six months ended April 30, 2019
  • Revenue increased by 434% for the six months, ending April 30, 2020, compared to the six months ended April 30, 2019
  • Revenue increased by 453% for the three months, ending April 30, 2020, compared to the three months ended April 30, 2019
  • Revenue increase by 129% for the three months ended April 30, 2020, when compared to the three months ended January 31, 2020

The revenue numbers were depressed during the period ending April 30, 2020, due to the Company running various promotional campaigns that incentivized merchants by offering reduced or free processing for a set period to drive increased merchant sign-ups and transactions. Once the promotional campaigns expire, the Company expects to report higher revenue numbers.

As expected, the Company experienced a downturn in the number of retail and ecommerce transactions since the beginning of the Pandemic. In response, NetCents targeted and is now processing transactions for much larger companies to complete Business to Business (B2B) transactions. These new B2B merchants send invoices that have notional values of up to a million dollars with an average invoice amount of twenty-five thousand dollars. This compares quite favorably to NetCents’ historical transaction size of approximately one hundred and twenty-five dollars. Furthermore, the Company’s geographic footprint is expanding – with merchants signing up from South Asia, Europe, and Africa. These new clients and transactions will start to impact financials in the coming quarters.

“I am very excited about this tidal change for our business, we are proving the thesis that cryptocurrencies can be more efficient and cost-effective for all types of transaction, we believe that these customers will be with us permanently, as we have proven superiority when compared to legacy financial services infrastructure,” stated Clayton Moore, Founder and CEO of NetCents Technology.

The Company is pleased to announce the subsequent exercise of stock options and warrants has generated proceeds of $4,380,121 to fund the Company. These issuances of stock will fund operations and marketing outreach campaigns for the next fiscal year.

About NetCents

NetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com

To keep up on the latest – make sure to join the telegram channel http://t.me/NetCents

On Behalf of the Board of Directors
NetCents Technology Inc.

“Clayton Moore”
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
1000 – 1021 West Hastings Street
Vancouver, BC, V6E 0C3

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

CSE Bulletin: Consolidation – Copperbank Resources Corp. (CBK)


Toronto, Ontario–(Newsfile Corp. – Le 6 juillet/July 2020) – Copperbank Resources Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common shares for four (4) pre-consolidation common shares.

As a result, the outstanding shares of the company will be reduced to approximately 76,400,000 common shares.

The name and symbol will not change.

Please note that all open orders will be cancelled at the close of business on July 7, 2020. Dealers are reminded to re-enter their orders taking into account the share consolidation.


Copperbank Resources Corp. a annoncé une consolidation de ses actions ordinaires émises et en circulation sur la base d’une (1) action ordinaire post-consolidation pour quatre (4) actions ordinaires pré-consolidation.
Par conséquent, les actions en circulation de la société seront réduites à environ 76 400 000 actions ordinaires.
Le nom et le symbole ne changeront pas.
Veuillez noter que toutes les commandes ouvertes seront annulées à la fermeture des bureaux le 7 juillet 2020. Il est rappelé aux courtiers de ressaisir leurs commandes en tenant compte de la consolidation des actions.

Trading on a Consolidated Basis/Négociation sur une base consolidée: le 8 juillet/July 2020
Record Date/Date d’enregistrement: le 9 juillet/July 2020
Symbol/Symbole: CBK
Old/Vieux CUSIP & ISIN: 217621101/CA2176211019

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à: Listings@thecse.com

SEC Adopts Amendments to Exemptive Applications Procedures


Washington, D.C.–(Newsfile Corp. – July 6, 2020) – The Securities and Exchange Commission today announced that it has voted to adopt rule amendments to establish an expedited review procedure for exemptive and other applications under the Investment Company Act that are substantially identical to recent precedent, as well as a new informal internal procedure for applications that would not qualify for the new expedited process. These actions are intended to make the application process more efficient as well as to provide additional certainty and transparency regarding the process.

“The application process under the Investment Company Act is an important component of our regulatory structure. The process provides economic benefits to fund shareholders, expands investor choice, and facilitates innovation in the asset management industry, all with a steadfast commitment to transparency and investor protection,” said SEC Chairman Jay Clayton. “The changes approved today will modernize and streamline this process, resulting in improved transparency, reduced costs, and a more efficient use of our staff’s resources.”

These new procedures will be effective 270 days following their publication in the Federal Register.

* * *


Amendments to Procedures with Respect to Applications Under the Investment Company Act of 1940

The Commission regularly receives applications seeking orders for exemptions or other relief for funds under the Investment Company Act. For example, many funds have historically required an exemption in order to operate, such as exchange-traded funds, and other funds have sought exemptive relief in order to operate in a more efficient and less costly manner. Rule 0-5 under the Act sets forth the procedure for applications seeking such exemptive orders. Granting appropriate exemptions from the Act can provide important economic benefits to funds and their shareholders, foster financial innovation, and increase the diversity of opportunities for investors.

The SEC today adopted amendments to rule 0-5 to, among other things, establish an expedited review procedure for certain applications and establish an internal timeframe for review of applications outside of the expedited procedure. The amendments are intended to grant relief as efficiently and quickly as possible, while also ensuring that applications continue to be carefully analyzed consistent with the relevant statutory standards. A more efficient application process will allow applicants to realize the benefits of relief more quickly than otherwise would be the case; and fund shareholders will generally share in these benefits. The new expedited review procedure will also make the applications process less expensive for applicants, and will ensure that Commission staff can devote additional resources to the review of more novel requests.


Expedited Review Procedure for Routine Applications  

  • The amendments to rule 0-5 under the Investment Company Act establish an expedited review procedure for routine applications that are substantially identical to recent precedent.
    • Expedited review will be available if the application is substantially identical to two other applications for which an order granting the relief has been issued within three years of the date of the application’s initial filing.
    • Notice for an application filed under expedited review will be issued no later than 45 days from the date of filing unless the application is not eligible under the rules or additional time is necessary for appropriate staff consideration.
    • An application for expedited review will be deemed withdrawn if the applicant does not respond to comments from SEC staff within 30 days.

Procedure for Other Applications  

  • The amendments to rule 0-5 under the Act will deem an application outside of expedited review withdrawn when the applicant does not respond to comments from SEC staff within 120 days.
  • New rule 17 CFR 202.13 establishes an internal timeframe for staff to take action on applications outside of expedited review within 90 days of the initial filing and each of the first three amendments thereto, and within 60 days of any subsequent amendment.

CSE Bulletin: Reinstatement – Micron Waste Technologies Inc. (MWM)


Toronto, Ontario–(Newsfile Corp. – Le 6 juillet/July 2020) – Effective immediately Micron Waste Technologies Inc. will be reinstated for trading.

The Company has rectified the default situation that gave rise to the suspension.


En vigueur immédiatement, Micron Waste Technologies Inc. sera réintégré aux fins de négociation.

La Société a rectifié la situation de défaut ayant donné lieu à la suspension.

Date: Le 6 juillet/July 2020
Symbol(s)/Symbole(s): MWM

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Si vous avez des questions ou si vous avez besoin d’informations supplémentaires, veuillez contacter le service des inscriptions au 416 367-7340 ou par courriel l’adresse: Listings@thecse.com

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Toronto, Ontario--(Newsfile Corp. - le 14 juillet/July 2020) - At the request of the company the common shares...

CSE Bulletin: Name Change – Voyager Digital (Canada) Ltd. (VYGR)

Toronto, Ontario--(Newsfile Corp. - le 14 juillet/July 2020) - Voyager Digital (Canada) Ltd. has announced a name change to Voyager Digital Ltd. ...

LoginID announces Partners integrating its FIDO-certified Strong Customer Authentication platform

  LoginID Inc. has announced new partnerships as part of its launch of FIDO-as-a-Service, for small and medium sized enterprises.  This follows on its recent announcement for the...