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Genix Pharmaceuticals Closes Private Placement
Newsfile· 2025-09-04 20:15
Core Viewpoint - Genix Pharmaceuticals Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $100,000 through the issuance of 2,000,000 units at a price of $0.10 per unit [1][2]. Group 1: Private Placement Details - The private placement consists of 2,000,000 units, each unit comprising one common share and one transferable common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional share at a price of $0.10 for a period of two years, expiring on September 04, 2027 [2]. - The proceeds from the private placement will be utilized for general working capital and potential funding for new products [3]. Group 2: Insider Participation - The private placement was subscribed to by two insiders, the President and CEO, who collectively acquired all 2,000,000 units for $100,000 [5]. - This insider participation is classified as a "related party transaction" under Multilateral Instrument 61-101, allowing the company to be exempt from formal valuation and minority shareholder approval requirements [5]. Group 3: Regulatory and Legal Considerations - All securities issued will be subject to a hold period of four months and one day from the issuance date [4]. - The offering remains contingent upon receiving all necessary regulatory approvals, including from the TSX Venture Exchange [4]. - The offered securities will not be registered under the U.S. Securities Act and cannot be sold within the United States or to U.S. persons, except in certain exempt transactions [6]. Group 4: Company Overview - Genix Pharmaceuticals Corporation is a Canadian ophthalmic drug company focused on the research, development, manufacture, licensing, and sales of innovative ophthalmological products [7]. - The company aims to meet the increasing global demand for advanced eye-care solutions that enhance health and quality of life [7].
Smith & Wesson Brands, Inc. Reports First Quarter Fiscal 2026 Financial Results
Newsfile· 2025-09-04 20:05
- Q1 Net Sales of $85.1 Million- Q1 Gross Margin of 25.9%; Non-GAAP Gross Margin of 26.0% - Q1 Net Loss of $0.08/ShareMaryville, Tennesse--(Newsfile Corp. - September 4, 2025) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the first quarter fiscal year 2026, ended July 31, 2025. Financial HighlightsNet sales were $85.1 million, a decrease of $3.3 million, or 3.7%, from the comparable quarter last year.Gross margin ...
iSpecimen Approached by Crypto Currency Companies for $200 Million Treasury Discussions
Newsfile· 2025-09-04 20:05
iSpecimen Approached by Crypto Currency Companies for $200 Million Treasury DiscussionsSeptember 04, 2025 4:05 PM EDT | Source: iSpecimen Inc.Woburn, Massachusetts--(Newsfile Corp. - September 4, 2025) - iSpecimen Inc. (NASDAQ: ISPC), (the "Company"), a technology-enabled company modernizing the way human biospecimens are sourced for scientific research, today announced an update on its major strategic initiative aimed at integrating digital assets into its business model. The Company had prev ...
PreveCeutical Announces Arrangement Agreement with BioGene Therapeutics
Newsfile· 2025-09-04 20:00
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE:18H) (the "Company" or "PreveCeutical") announces that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") dated September 3, 2025 with its subsidiary, BioGene Therapeutics Inc. ("BioGene"), pursuant to which PreveCeutical intends to spin-out 12,000,000 common shares of BioGene (the "BioGene Spinout Shares") to the shareholders of PreveCeutical (the ...
Greenheart Gold Announces Grant of Stock Options
Newsfile· 2025-09-04 19:21
Company Overview - Greenheart Gold Inc. is an exploration company focused on the Guiana Shield, a region known for its gold deposits that remain under-explored [2] - The company is led by a team with a successful track record, including the discovery of the multimillion-ounce Oko West deposit in Guyana [2] - Greenheart Gold aims to leverage its technical expertise and industry contacts to explore early-stage projects in Guyana and Suriname for orogenic gold deposits [2] Recent Developments - The company appointed Julie-Anaïs Debreil to its board of directors effective August 26, 2025 [1] - The board approved the grant of incentive stock options to Ms. Debreil for 200,000 common shares at an exercise price of C$0.85 per share, effective immediately [1] - The stock options are exercisable for five years, expiring on September 4, 2030, and will vest in three tranches over two years [1]
Basin Uranium Announces Shareholder Approval for Plan of Arrangement with Nexus Uranium
Newsfile· 2025-09-04 18:47
Core Viewpoint - Basin Uranium Corp. has received overwhelming shareholder approval for its plan of arrangement with Nexus Uranium Corp. and Blade Resources Inc., indicating strong support for the transaction [1][3]. Group 1: Arrangement Details - Under the arrangement, Nexus will acquire all issued and outstanding shares of Basin for approximately 1.1 Nexus shares and 0.11 Spinco shares for each Basin share [2]. - Each outstanding warrant and stock option of Basin will allow holders to receive Nexus shares equivalent to what they would have received under the arrangement [2]. Group 2: Shareholder Participation - A total of 3,840,762 shares were represented at the meeting, accounting for 14.07% of the 27,300,679 issued and outstanding shares entitled to vote [3]. - The arrangement required at least two-thirds (66⅔%) approval, with 99.59% of the votes cast in favor of the arrangement [3]. Group 3: Next Steps and Expectations - The company will seek a final order from the Supreme Court of British Columbia to approve the arrangement on September 9, 2025 [4]. - Completion of the arrangement is subject to customary closing conditions, and shares are expected to be delisted from the Canadian Securities Exchange following the arrangement [4]. Group 4: Company Overview - Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector, with five advanced-stage uranium projects in the United States and one in Canada [5].
American Creek Resources Announces Closing of Approval of Plan of Arrangement with Tudor Gold Corp.
Newsfile· 2025-09-04 18:15
Core Points - American Creek Resources Ltd. has successfully closed the statutory plan of arrangement with Tudor Gold Corp., making American Creek a wholly-owned subsidiary of Tudor as of September 4, 2025 [1][5]. Group 1: Transaction Details - Under the arrangement, Tudor acquired all issued and outstanding common shares of American Creek, with each shareholder receiving 0.238 of a common share of Tudor for each share held [2]. - American Creek options were replaced with replacement options exercisable for Tudor shares at the same exchange ratio, maintaining the same terms and conditions as the original options [2]. - Warrants for American Creek shares will remain outstanding and can be exercised for Tudor shares at the same exchange ratio [2]. Group 2: Delisting and Reporting - American Creek shares are expected to be delisted from the TSX Venture Exchange and OTCQB at the close of trading on September 5, 2025 [3]. - The company plans to apply to cease being a reporting issuer and terminate its public reporting obligations [3]. Group 3: Company Background - Tudor Gold Corp. is involved in precious and base metals exploration and development, with claims in British Columbia's Golden Triangle, an area known for its mining potential [6].
QuantGate Systems Inc. Expands and Strengthens Its Advisory Board with Strategic Appointments
Newsfile· 2025-09-04 17:38
QuantGate Systems Inc. Expands and Strengthens Its Advisory Board with Strategic AppointmentsSeptember 04, 2025 1:38 PM EDT | Source: QuantGate Systems Inc.Toronto, Ontario and New York, New York--(Newsfile Corp. - September 4, 2025) - QuantGate Systems Inc. (OTCQB: QGSI) (the "QuantGate" or "Company"), an Artificial Intelligence ("AI"), Machine Learning ("ML") SaaS-based Fintech solutions company, is pleased to announce it has expanded and strengthened its Advisory Board with the appointment ...
CSE Bulletin: Suspension - XEBRA Brands Ltd. (XBRA)
Newsfile· 2025-09-04 17:26
Toronto, Ontario--(Newsfile Corp. - Le 4 septembre/September 2025) - Effective immediately, XEBRA Brands Ltd. is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the British Columbia Securities Commission. For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca. ________________ ...
Delta Resources Limited to Attend 2025 Precious Metals Summit in Beaver Creek to Highlight Delta-1 Drilling Program and Meet Prospective Buyers of Delta-2 Property
Newsfile· 2025-09-04 15:47
Delta Resources Limited to Attend 2025 Precious Metals Summit in Beaver Creek to Highlight Delta-1 Drilling Program and Meet Prospective Buyers of Delta-2 PropertySeptember 04, 2025 11:47 AM EDT | Source: Delta Resources LimitedToronto, Ontario--(Newsfile Corp. - September 4, 2025) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or the "Company") is pleased to announce its participation in the upcoming Precious Metals Summit, taking place in Beaver Creek, Colorado ...