Kane Biotech Granted Wound Care Patent from the U.S. Patent and Trademark Office

May 31, 2018, 10:35 am

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WINNIPEG, Manitoba, May 31, 2018 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE) (OTCQB:KNBIF) (the “Corporation” or “Kane Biotech”) is pleased to announce it has been granted a significant patent in the area of wound care by the U.S. Patent and Trademark Office (the “USPTO”).  The patent is titled “Antimicrobial-Antibiofilm Compositions And Methods Of Use Thereof”.  The abstract released by the USPTO states, “Compositions comprising chelating agents, metal ion salts, gelling agents or a buffer, antimicrobials, antibiofilm agents, and a pH adjuster or a buffer for the prevention and treatment of wound infections and food-borne diseases involving bacterial biofilms are disclosed.  The anti-infective properties of a composition include reduction or killing of anaerobic/aerobic/facultative gram-negative and gram-positive wound infection associated bacteria occurring in polymicrobial biofilms.  The composition may be in the form of lotion, cream, ointment, dressing, bandage, rinse, soak, gel, spray or other suitable forms, including certain devices.  Additionally, the invention offers an efficient method of delivering the formulated composition containing one or more chelating agents in combination with a metal ion salt using either a nanoparticle or other efficient delivery systems.”Mark Ahrens-Townsend, President and CEO commented “Granting of this patent by the USPTO is significant in Kane Biotech’s “Strix Wound Care” technology family and is the basis for treatment applications the Corporation is developing for chronic inflammatory skin disorders including, among other diseases and applications, athlete’s foot, atopic dermatitis (eczema), and seborrheic dermatitis (often associated with chronic dandruff).  We’re pleased to have this intellectual property added to Kane Biotech’s portfolio of 75 patents and patents pending.”

Following the issuance of this Press Release, the halt trading order of Kane Biotech’s stock on the TSX Venture Exchange will be lifted and trading resumed. 

*About Kane Biotech*

Kane Biotech is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. The Corporation has a portfolio of biotechnologies, intellectual property (75 patents and patents pending, trade secrets and trademarks) and products developed by the Corporation’s own biofilm research expertise and acquired from leading research institutions. StrixNB™, DispersinB®, Aledex®, bluestem™, AloSera™, coactiv+™ and Kane® are trademarks of Kane Biotech Inc.   The Corporation is listed on the TSX Venture Exchange under the symbol "KNE" and on the OTCQB Venture Market under the symbol “KNBIF”.

*For more information, please visit *www.kanebiotech.com* or contact:*

Mark Ahrens-Townsend
President & CEO
Kane Biotech Inc.
+1 (204) 477-7592
ir@kanebiotech.com
   
Tirth Patel
Vice President - Investor Relations
Edison Advisors
+1 (646) 653-7035
tpatel@edisongroup.com
   

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

This press release contains certain statements regarding Kane Biotech Inc. that constitute forward-looking information under applicable securities law. These statements reflect management’s current beliefs and are based on information currently available to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, risks relating to the Company’s: (a) financial condition, including lack of significant revenues to date and reliance on equity and other financing; (b) business, including its early stage of development, government regulation, market acceptance for its products, rapid technological change and dependence on key personnel; (c) intellectual property including the ability of the Company to protect its intellectual property and dependence on its strategic partners; and (d) capital structure, including its lack of dividends on its common shares, volatility of the market price of its common shares and public company costs. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by the Company with applicable securities regulatory authorities, available at www.sedar.com. The Company cautions that the foregoing list of factors that may affect future results is not exhaustive. 

These risks and uncertainties should be considered carefully undue reliance should not be placed on the forward-looking statements.  Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot provide assurance that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement. Reported by GlobeNewswire 2 hours ago.

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Altura Energy Inc. Closes the Sale of its East Central Alberta and Saskatchewan Assets for Gross Proceeds of $28.4 Million

May 31, 2018, 10:35 am

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CALGARY, Alberta, May 31, 2018 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Corporation") (TSXV:ATU) is pleased to announce the closing of its previously announced sale of east central Alberta and Saskatchewan assets (the "Transaction").  After closing adjustments, net cash consideration received by Altura under the Transaction totaled approximately $27.9 million. With the closing of the Transaction, Altura has the financial resources to aggressively develop its Leduc-Woodbend Upper Mannville oil property in the second-half of 2018 and through 2019, as outlined in its press release dated May 15, 2018. 

For additional information about Altura, investors and shareholders are encouraged to review the Corporation's latest corporate presentation which is posted on Altura's website at www.alturaenergy.ca.

**READER ADVISORIES **

**Forward****‐****looking Information and Statements **

This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "budget", "forecast", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "strategy" and similar expressions are intended to identify forward-looking information or statements.  In particular, but without limiting the foregoing, this press release contains forward-looking information and statements pertaining to Altura's business plans and strategy to aggressively develop its Leduc-Woodbend property following the Transaction.

The forward-looking information and statements contained in this press release reflect several material factors and expectations and assumptions of Altura including, without limitation:

· the continued performance of Altura’s oil and gas properties in a manner consistent with its past experiences;
· that Altura will continue to conduct its operations in a manner consistent with past operations;
· the general continuance of current industry conditions;
· the continuance of existing (and in certain circumstances, the implementation of proposed) tax, royalty and regulatory regimes;
· the accuracy of the estimates of Altura’s reserves and resource volumes;
· certain commodity price and other cost assumptions;
· the continued availability of oilfield services; and
· the continued availability of adequate debt and equity financing and cash flow from operations to fund its planned expenditures.

Altura believes the material factors, expectations and assumptions reflected in the forward-looking information and statements are reasonable but no assurance can be given that these factors, expectations and assumptions will prove to be correct. To the extent that any forward-looking information contained herein may be considered future oriented financial information or a financial outlook, such information has been included to provide readers with an understanding of management’s assumptions used for budgeted and developing future plans and readers are cautioned that the information may not be appropriate for other purposes.

The forward-looking information and statements included in this press release are not guarantees of future performance and should not be unduly relied upon.  Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements including, without limitation:

· changes in commodity prices;
· changes in the demand for or supply of Altura’s products;
· unanticipated operating results or production declines;
· changes in tax or environmental laws, royalty rates or other regulatory matters;
· changes in development plans of Altura or by third-party operators of Altura’s properties,
· increased debt levels or debt service requirements;
· inaccurate estimation of Altura’s oil and gas reserve and resource volumes;
· limited, unfavorable or a lack of access to capital markets;
· increased costs;
· a lack of adequate insurance coverage;
· the impact of competitors; and
· certain other risks detailed from time to time in Altura’s public documents.

The forward-looking information and statements contained in this press release speak only as of the date of this press release, and Altura does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.

For further information please contact:

Altura Energy Inc.
200, 640 – 5th Avenue SW
Calgary, Alberta T2P 3G4
Telephone (403) 984-5197
www.alturaenergy.ca

David Burghardt Tavis Carlson
President and Chief Executive Officer Vice President, Finance and Chief Financial Officer
Direct (403) 984-5195 Direct (403) 984-5196

**Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.** Reported by GlobeNewswire 2 hours ago.

Top 20 Global Concert Tours from Pollstar

May 31, 2018, 10:46 am

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The Top 20 Global Concert Tours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters... Reported by New Zealand Herald 2 hours ago.

Bitcoin Price Watch: Currency Up to $7,500

May 31, 2018, 10:49 am

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Bitcoin is now trading for roughly $200 more than where it stood yesterday, reaching the $7,500 mark in less than 24 hours. Prior, bitcoin had been trading for this amount during the late evening of Tuesday, May 29, only to fall to $7,400 and then $7,300 the following day. While it’s not worth breaking out the champagne just yet, investors are breathing a sigh of relief now that the market is showing small signs of recovery. Bitcoin has been under serious pressure over the last few days, with new resistance developed at the $7,600 level. One source predicted that the Reported by The Merkle 2 hours ago.

Low housing costs, affordability not enough. Philadelphia ranks low in HQ2 housing health study

May 31, 2018, 10:50 am

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Chief among the few positive for Philadelphia was that the median home price was the third cheapest at $140,000. But poor schools, high crime rate, higher taxes and environmental risk and modest home price appreciation dragged its ranking downward. Reported by bizjournals 2 hours ago.

iboss Explores the Implications of Blockchain for Cybersecurity

May 31, 2018, 10:48 am

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*BOSTON, MA / ACCESSWIRE / May 31, 2018 /* In a digitized economy, companies face the constant challenge of protecting their data against cyber threats. Attacks are becoming increasingly complex due to sophisticated malware and the rise of professional hackers. iboss notes that public awareness of cyber security is also increasing due to highly publicized incidents of personal data being compromised or stolen. In September 2017, a widely-reported data breach involving 143 million customers from credit reporting firm Equifax resulted in a 35% drop in company stock price within one week. More importantly, the announcement damaged, perhaps permanently, Equifax's credibility in delivering services to its clients. Cisco's 2017 Annual Cybersecurity Report revealed that 20% of organizations experienced significant data breaches in the previous year. The fallout from cyber security incidents are extremely damaging, potentially exposing a firm to legal challenges, government investigation, and market devaluation.

The development of blockchain technology allows companies to leverage a decentralized, distributed ledger at lower capital costs to increase corporate security. Data on customer identity and verification is encrypted and dispersed across the blockchain, making it nearly impossible for hackers to alter records. Removing human error from identity authentication is also of high value to e-commerce companies (as well as governments) and eliminates a key area of risk exposure to malicious cyberattacks. Organizations are able to verify users and devices without passwords, which can be lost or stolen. Furthermore, commercial disputes could be more easily resolved with a dependable record between counterparties.

The high reliability of a transparent ledger of transactions maintained by peer-to-peer technology can decrease the upfront investment that a firm should make in cyber security. In 2017, a global management consulting firm, Accenture, estimated that blockchain technology could reduce the infrastructure costs for the world's largest investment banks by $8-12 billion dollars annually. In an industry where a large volume of transactions occur on a daily basis, using the blockchain was estimated to have maximum impact on the complex regulatory reporting requirements, and reducing the cost of reconciliation processes.

Distributed ledgers address many of the weaknesses found in conventional digital security systems. Instead of a centralized database of information that must be guarded against physical and virtual threats, the blockchain implements an end-to-end approach that accounts for identity, infrastructure, and business security. As the technology scales up, associated software like smart contracts will become increasingly sophisticated, according to iboss. With market value rising to $20 billion by 2024, blockchain technology is positioned to change established business models in all sectors of the global economy.

Architected for the cloud, iboss' Secure Web Gateway platform provides an elastic, architecture that provides security through the cloud to secure any user, location or device regardless of where its located while eliminating the cost and latency associated with appliances. Backed by over 100 patents, the groundbreaking technology protects over 4,000 organizations worldwide, making iboss one of the fastest-growing cyber security companies in the world.

iboss - Redefining the Delivery & Management of Cyber Security in the CloudEO: http://ibossnews.com
iboss (@ibossCyber) - Twitter: https://twitter.com/ibosscyber
iboss - YouTube: https://www.youtube.com/channel/UC_bh_xwIk4iB2gGTsRbu_DA
iboss - LinkedIn: https://www.linkedin.com/company/iboss

*CONTACT:*

ibossnews.com
contact@ibossnews.com

*SOURCE: *iboss Reported by Accesswire 2 hours ago.

Grocery price wars hit Asda profits

May 31, 2018, 10:54 am

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Operating profits fell in 2017 while like-for-like sales inched up Reported by FT.com 2 hours ago.

Govt may turn to ONGC for fuel price relief

May 31, 2018, 11:06 am

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Reported by IndiaTimes 2 hours ago.

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StrongPoint ASA: Mandatory notification of trade

May 31, 2018, 11:15 am

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Evaldas Budvilaitis, SVP StrongPoint Technology, has today through his fully owned company UAB NV Invest, sold 95 000 shares to an average price of NOK 9,92.

After this sale Evaldas Budvilaitis owns 238 463 shares in StrongPoint ASA through his fully owned company, UAB NV Invest. This represent 0,5 per cent of the outstanding shares.

The shares were sold through Oslo Børs.

For further information, please contact:

Anders Nilsen CFO,

StrongPoint ASA

Phone +47 932 59 410

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 2 hours ago.

A July rate hike in Canada is 'a lot less of a done deal' after GDP slows

May 31, 2018, 11:41 am

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· *Canadian GDP grew 1.3% in the first quarter of 2018.*
· *A slowing housing market is weighing on economic activity.*
· *Some economists say a Bank of Canada rate hike next month now looks a lot less likely. *

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After economic activity in Canada slowed more than expected in the first quarter, some economists think chances of the central bank raising its key rate next month are looking slim. 

Canada's gross domestic product grew 1.3% in the first quarter, Statistics Canada data showed Thursday, compared with economist expectations of 1.8%. A sluggish housing market weighed on economic growth, with home investment seeing the sharpest quarterly drop in nine years.  

The data came a day after the Bank of Canada kept its benchmark interest rate steady at 1.25% and offered an upbeat tone on the economy. The central bank dropped a reference to remaining "cautious" on monetary policy, which raised speculation that the benchmark rate could rise as soon as July. 

But Paul Ashworth, an economist at Capital Economics, said a July rate hike now looks like "a lot less of a done deal." He said there is "little hope of an imminent rebound" for the housing market, which has recently seen stricter regulations and higher mortgage rates.

Housing starts fell last month, according to data from the Canada Mortgage and Housing Corporation, to 214,379 units from 225,459 in March. And home prices are plummeting, with the average house price in Canada dropping more than 11% in April from a year ago. 

Elsewhere, trade tensions with the US could further drag on the Canadian economy. The Commerce Department announced Thursday that exemptions from hefty tariffs on steel and aluminum imports to the US are set to expire at the end of the day. The move puts further strain on stalled NAFTA negotiations, which analysts think could drag into next year. 

"That doesn’t seem like the environment that would require higher interest rates," Ashworth said. 

*SEE ALSO: Bank of Canada holds its key rate steady and drops 'cautious' tone*

Join the conversation about this story »

NOW WATCH: NBA ref explains why the James Harden step-back jumper isn't traveling Reported by Business Insider 1 hour ago.

Latin American Minerals arranges C$600,000 private placement

May 31, 2018, 11:44 am

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Latin American Minerals Inc. (CVE:LAT) announced today that it has arranged a non-brokered private placement of up to 12 million units at a price of C$0.05 per unit for gross proceeds of up to $600,000. According to the company, funds raised will be used for general working capital purposes. According to the terms of the placement, each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of 24 months from the closing of the offering at a price of C$0.10 per common share. The company said funds raised will be used for general working capital purposes. "Led by Jeremy Niemi, our exploration program has led us to a point where we are visually beginning to see what we believe to be a continuous formation of silicified rocks. These rocks are similar to those that have resulted in gold mineralized assays in previous drill campaigns," said Mathew Wilson, president and chief executive officer. "While we realize that this extra dilution is not ideal, we believe it is necessary to drill additional holes in an effort to properly define what we believe could be the start of a significant structure." READ: Latin American Minerals turns focus to Tacura gold zone as it updates on drilling at Paso Yobai According to the company, the offering is subject to corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The company also said that certain insiders of the company will participate in the offering, in accordance with regulatory approval requirements. In addition to the private placement, Latin American Minerals announced that that the TSX Venture Exchange also approved its amended stock option plan. Shares of Latin American Minerals were down 14.29% at C$0.06 on Thursday afternoon.  Reported by Proactive Investors 1 hour ago.

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ANDALUSIA, Ala. (AP) — As she seeks a fifth term in Congress, U.S. Rep. Martha Roby could face a political price for her 2016 criticisms of President Donald Trump during his campaign. Roby’s challengers in the Republican primary have all criticized her 2016 suggestion that Trump step aside from the GOP ticket. Roby made the […] Reported by Seattle Times 18 minutes ago.

N.Y. chefs getting hooked on local, sustainable seafood

May 31, 2018, 12:21 pm

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Seafood suppliers are using community-supported fisheries models or sliding price scales to nudge chefs and consumers to choo -More-  Reported by SmartBrief 27 minutes ago.

Boskalis sets stock dividend conversion rate at 1:23.5

May 31, 2018, 11:44 am

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Papendrecht, 31 May 2018

On 9 May 2018 the dividend of Royal Boskalis Westminster N.V. (Boskalis) for the financial year 2017 has been determined at EUR 1.00 per ordinary share. This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash.

With the dividend distribution as stock, shareholders will receive one ordinary share per 23.5 dividend rights of ordinary shares. The conversion rate has been based on the volume weighted average stock price of Boskalis shares traded on Euronext Amsterdam over the period 29, 30 and 31 May of EUR 23.5360.

From 5 June 2018 the dividend will be payable in cash and ordinary shares arising from the conversion of dividend rights will be delivered. Cash distribution will be subject to deduction of dividend tax as required by law.

*Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with services including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the oil and gas sector and offshore wind industry as well as salvage solutions. Furthermore, Boskalis has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 10,700 employees, including associated companies, Boskalis operates in 90 countries across six continents.*

This press release can also be found on our website www.boskalis.com.

*Attachment*

· pdf version press release.pdf Reported by GlobeNewswire 1 hour ago.

Report Reveals Aston Villa's Asking Price for Leicester Target as Foxes Hunt for Mahrez Replacement

May 31, 2018, 12:24 pm

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Reported by SI.com 24 minutes ago.

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Bitcoin Price Analysis: Consolidation Leans Toward a Strong Bitcoin Move

May 31, 2018, 12:13 pm

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After days of sudden, strong selling, bitcoin has managed to find a local bottom in the low $7000s where it has been drifting around aimlessly. As many traders on Twitter have noted, we have formed a large consolidation pattern called a symmetrical triangle (outlined in red):Figure 1: BTC USD, 1-Day Candles, Macro Symmetrical TriangleSymmetrical triangles are consolidation patterns that are typically agnostic regarding their breakout direction. However, one important thing to note about this consolidation pattern is it embodies some of the hallmarks of a reaccumulation trading range (TR) — most notable is the volume profile:

Figure 2: BTC-USD, 12-Hour Candles, Volume TrendOverall, the entire volume profile of the symmetrical triangle is sloping downward — this is indicating consolidation in the market. If we look closer at the consolidating volume trend, we can see a few details that are worth noting:

1. The red arrows are pointing out the decrease in volume off the peaks of the rallies. Typically decreasing volume off rally reactions indicates a diminishing pool of supply.

2. Vice versa, the green arrows are pointing out the increasing volume on the rallies. Increasing volume on rallies shows us there is still a steady amount of demand in the market.

3. Points 1 and 2 together also reveal something about the lows made at the lower boundary of the symmetrical triangle: as the market pushes and establishes its lows, we see climactic volume. Climactic volume leading into support is a great sign of supply absorption and hints toward further demand in the market.There is a really strong case for the current symmetrical triangle being a reaccumulation TR that, in the grand scheme of things, is nothing more than a pitstop in an otherwise upward-trending market. A breakout to the top of the symmetrical triangle would have a price target in the $15,000s. However, as I mentioned at the beginning of this article, symmetrical triangles are directionally agnostic and can also break to the downside. If the triangle breaks down, the measured move for the breakout would have us testing the $2000–$3000 price range.

For now, the volume is content with continuing to consolidate, but the market is poised for a very strong move that will likely shape the landscape of the market for the next several months. It’s impossible to determine when a market will breakout, so all we can do is hedge our bets and wait.

Summary:

1. The market has been consolidating for months in the form of a symmetrical triangle and is tightly wound for a strong, sustained move.

2. There is strong evidence of supply absorption in the market which would likely lead to an upward breakout.

3. Symmetrical triangles are directionally agnostic and can oftentimes break to the downside.This article originally appeared on Bitcoin Magazine. Reported by Bitcoin Magazine 35 minutes ago.

Ripple CEO: Bitcoin’s influence over cryptocurrency prices is almost over

May 31, 2018, 12:21 pm

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Since their inception, altcoin prices have mostly risen and fallen with the price of Bitcoin. According to Ripple CEO Brad Garlinghouse, those days are numbered. “There’s a very high correlation between the price of [Ripple] and the price of bitcoin, but ultimately these are independent open-sourced technologies,” Garlinghouse told CNBC. “It’s early, over time you’ll see a more rational market and behaviors that reflect that.” In the earliest days of altcoins, it was a necessary evil. Entering a cryptocurrency market was typically accomplished in a fairly straightforward manner: purchase Bitcoin (BTC) by trading your preferred currency (like USD) for an…

This story continues at The Next Web

Or just read more coverage about: Bitcoin Reported by The Next Web 26 minutes ago.

Emporio Trading Explains the Benefits of Algorithmic Trading

May 31, 2018, 12:20 pm

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*PORT VILA, VANUATU / ACCESSWIRE / May 31, 2018 / *Algorithm trading is a very advanced and sophisticated investing mechanism which uses complex mathematical formulas and models to make quick decisions and transactions in financial markets. According to a recent study from FinTech research company Technavio, algorithm trading is expected to continue growing at a global annual rate of 10.3 percent through the year 2020. Emporio Trading, an industry-leading online Forex brokerage firm, explains why traditional investment institutions are building tech-savvy algorithm platforms to help improve market intelligence and long-term trade decisions.

The expert panelists from Emporio Trading explained that there are various algorithm trading strategies being implemented by both large firms and institutional brokers today. However, nearly all of these advanced solutions have the same focus -- to predict future stock prices by using past trading analysis. Recent studies conducted by Nature Scientific Reports indicated that even Google and Wikipedia searches can be used in algorithms to assist during the information gathering phase. Weekly and monthly search averages for a particular term (e.g. Loans by Private Banks) can be measured to buy, hold, sell or re-buy stocks for that period. Algo (algorithm) traders are also using the mean reversion theory, which states that the prices of stocks converge to their average value over time, to execute orders automatically if a price moves out of a defined range. While selling high performing stocks and buying low performing ones is a simple, widely-used strategy, having the technology to set strict parameters and carry out orders autonomously removes almost all legwork for the investor.

Essentially, these computer-directed trading models turn pieces of information into intelligent trading decisions by analyzing every quote and trade in the stock market and identifying liquidity opportunities. Because algorithms are written in advance, their functions are executed automatically as and when required, without any user guidance. As such, Algo traders generally enjoy three benefits over the traditional investor - speed, accuracy and lower cost. Algorithms can execute on multiple indicators simultaneously, so orders are carried out in a fraction of a second, removing the chance of human error and making greater opportunities available at better prices. For example, in the Forex market, changes in exchange rates can be continuously monitored 24/7 and acted upon immediately if necessary without any user intervention. Traders do not have to follow up on their stocks frequently, allowing them more time to explore and focus on other investment opportunities. Most importantly, Algo trading mitigates risk and ensures security for investors. Algorithms prevent information leakage for those who do not wish to share quotes; in addition, they calculate risks continuously and accordingly hedge a position in the market, leading to minimum losses.

Headquartered in the Republic of Vanuatu, Emporio Trading is a globally recognized Forex Company that offers the industry’s most competitive pricing, reliable trade execution, and innovative trading tools. Today, Emporio Trading is a comprehensive trading center with five types of instruments to trade 48 currency pairs, metals, indices share, and cryptocurrencies.

EmporioTrading.com - Worldwide Forex Market Leader: http://emporiotradingnews.com

Emporio Trading - Explores the Role of Institutional Investors in Currency Trading: https://finance.yahoo.com/news/emporio-trading-explores-role-institutional-141000106.html

Emporio Trading - Analyzes Factors Affecting Commodities Markets: https://finance.yahoo.com/news/emporio-trading-analyzes-factors-affecting-040000525.html

*Contact Information:*

EmporioTradingNews.com
contact@emporiotradingnews.com
http://emporiotradingnews.com

*SOURCE: *EmporioTrading.com Reported by Accesswire 27 minutes ago.

Rio2 Limited Announces Closing of $10 Million Bought Deal Private Placement

May 31, 2018, 12:34 pm

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Previously Announced Arrangement With Atacama Pacific on Schedule to Be Completed by End of July

*NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED* *STATES.*

TORONTO, May 31, 2018 (GLOBE NEWSWIRE) -- Rio2 Limited (“*Rio2*” or the “*Corporation*”) (TSX-V:RIO) is pleased to announce that that it has closed its previously announced offering of 10,000,000 subscription receipts (the "*Subscription Receipts*") at a price of $1.00 per Subscription Receipt for gross proceeds to Rio2 of $10,000,000 (the “*Offering*”). 

The Offering was completed in connection with the previously announced proposed business combination (the “*Transaction*”) of Rio2 and Atacama Pacific Gold Corporation (“*Atacama*”). 

On the date of the announcement of the Transaction (May 14^th), the share exchange ratios under the Transaction represented consideration value to Atacama shareholders of C$0.95 per Atacama share valuing Atacama at approximately C$93 million on a fully diluted, in-the-money basis. This value implied a premium of 58% over the May 11^th closing price for Atacama shares of C$0.60 and a 45% premium based on the 20-day volume weighted average prices of the shares of each of Rio2 and Atacama.

Upon the completion of the Transaction, the resulting issuer will have approximately 102 million shares outstanding (115 million shares fully diluted) after taking into account the conversion of the 10 million Subscription Receipts into 10 million Rio2 shares and the effective 2 for 3 consolidation of the outstanding Rio2 shares and the Atacama shares provided for by the exchange ratio for each, as more particularly described in the following table.

*Basic Shares Outstanding Reconciliation^(1)*
  Units Current Post-Transaction^(2)
Rio2 shareholders mm 59.7 39.8
Subscription Receipts Investors mm 10.0 6.7
Atacama shareholders mm 84.7 55.9
Resulting Issuer Basic Shares Outstanding mm - 102.4

Notes:
(1)  Assumes that no Rio2 Shares or Atacama shares are issued upon the exercise of  stock options, purchase warrants or share awards from May 14, 2018 through to the completion of the Transaction.
(2)  Gives effect to a 2 for 3 consolidation of the outstanding Rio2 shares and Atacama shares provided for by the exchange ratio for each pursuant to the terms of the Transaction.

The joint management information circular relating to the Transaction is scheduled to be mailed to the respective shareholders by mid-June.  The shareholder meetings will take place on July 16, 2018 and the Transaction is to be completed on July 24, 2018.

*Further Details of the Offering*

Each Subscription Receipt issued under the Offering will, upon the satisfaction of certain escrow conditions, be automatically converted (for no further consideration and with no further action on the part of the holder thereof) into one common share of Rio2. The Rio2 shares into which the Subscription Receipts are converted will then participate in the Transaction on the same basis as the other common shares of Rio2 and be exchanged for 0.6667 of a common share of the combined company. 

The Subscription Receipts were issued pursuant to a subscription receipt agreement (the “*Subscription Receipt Agreement*”) entered into among the Corporation, the Underwriters and Computershare Trust Company of Canada. Pursuant to the Subscription Receipt Agreement, the gross proceeds from the Offering (less 1/2 of the Underwriters’ cash commission and the Underwriters’ expenses) (the “*Escrowed Funds*”) are being held in escrow pending satisfaction of the certain release conditions, including: (a) the satisfaction or waiver of each of the conditions precedent to the Transaction, without amendment or waiver in a manner that would be materially adverse to Rio2; and (b) the receipt of all required shareholder, third party (as applicable) and regulatory approvals in connection with the Transaction, including the conditional acceptance by the TSX Venture Exchange (“*TSX-V*”) of the listing of the common shares of the combined company on the TSX-V.*  *

Upon satisfaction of the Escrow Release Conditions, the Escrowed Funds, together with any interest earned thereon, will be released to the Corporation. If the Escrow Release Conditions have not been satisfied by 5:00 p.m. (EST) on August 31, 2018, the Subscription Receipts will be deemed to be cancelled and holders of Subscription Receipts will receive a cash amount equal to the offering price of the Subscription Receipts and any interest that has been earned on the Escrowed Funds.

The net proceeds of the Offering will be used by the Corporation for additional infill drilling of the higher grade areas and studies related to completing a definitive feasibility study for the Cerro Maricunga Gold Project, expenses of the Transaction, as well as for general corporate and working capital purposes.

The Offering is subject to certain conditions including receipt of all regulatory approvals, including the acceptance of the TSX-V, and satisfaction of all conditions for the completion of the Transaction.

*Underwriters and Counsel*

Clarus Securities Inc. and Raymond James Ltd. (collectively the “*Underwriters*”) acted as co-lead underwriters and co-bookrunners for the Offering and Kallpa Securities SAB of Lima, Peru acted as a special selling agent in Latin America in connection with the Offering.

DLA Piper (Canada) LLP is the legal advisor of Rio2 in the Offering and McMillan LLP is the legal advisor to the Underwriters in the Offering.

*About Rio2*

Rio2 is building a multi-asset, multi-jurisdiction, precious metals company focused in the Americas. With projects in Peru and Nicaragua, Rio2 will continue pursuing additional strategic acquisitions to compile an attractive portfolio of precious metals assets where it can deploy its operational excellence and responsible mining practices to create value for its shareholders. Rio2 has assembled a highly experienced executive team to generate significant shareholder value, with proven technical skills in the development and operations of mines and capital markets experience. Through its strategy of acquiring precious metals assets at exploration, development, and operating stages, the executive team will grow Rio2 and create long-term shareholder value through the development of high-margin, strong free-cash-flowing mining operations.

For more information about Rio2, please contact:

Alex Black
President and Chief Executive Officer
alexb@rio2mining.com
Phone: 416.570.3155

*Cautionary Statement on Forward-Looking Information*

Certain information set forth in this news release contains “forward-looking statements”, and “forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include expectations about the timing and completion of the Transaction, the use of proceeds from the Offering, the satisfaction of the Escrow Release Conditions and management’s expectations with respect to the Offering and the Transaction, and are based on Rio2’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by the use of conditional or future tenses or by the use of such words such as “will”, “expects”, “may”, “should”, “estimates”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions, including variations thereof and negative forms. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Rio2’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks and uncertainties relating to the completion of the Transaction, and management’s ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Rio2 undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Rio2 disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation.

The securities referenced herein have not been and will not be registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Rio2 Limited in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Reported by GlobeNewswire 13 minutes ago.

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The legislation requires purchasers to remit the GST element of the purchase price directly to the ATO at settlement. Reported by Mondaq 11 hours ago.