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Mydecine Innovations Group Closes Debt Settlements
Thenewswire· 2025-10-14 22:00
Core Points - Mydecine Innovations Group Inc. has successfully closed debt settlement agreements totaling USD $1,386,391 and CAD $9,432,107 to settle outstanding debts with various creditors [1][2] - The company issued five convertible debentures to creditors as part of the debt settlements to preserve cash for working capital and improve its financial situation [2] Debt Settlement Agreements - The company entered into debt forgiveness agreements to settle USD $1,386,391 owed to two former insiders, issuing convertible debentures with an aggregate principal amount of USD $100,000 [4] - A debt settlement agreement with CEO Josh Bartch was made to settle CAD $1,309,836 of unpaid management fees, with a convertible debenture issued for the same amount [5] - A settlement with Pioneer Garage Limited was made for CAD $7,878,792, with a convertible debenture issued under similar terms as the Bartch agreement [6] - An additional settlement with an arm's length creditor for CAD $243,479 was fully settled through a secured convertible debenture of USD $100,000, which bears interest at 1% per month [9] Share Consolidation - The company announced a share consolidation effective October 21, 2025, converting every fifty old common shares into one new common share, reducing the outstanding shares from 61,755,385 to approximately 1,235,107 [12][13] - The share consolidation aims to enhance the company's attractiveness for financing opportunities and facilitate the restructuring of existing liabilities [15]
Carrier Connect Data Solutions Inc. Announces Private Placement
Thenewswire· 2025-10-14 21:15
Core Viewpoint - Carrier Connect Data Solutions Inc. is initiating a non-brokered private placement to raise up to $3,000,000 through the sale of units priced at $0.70 each, aimed at funding M&A, working capital, and general corporate purposes [1][2]. Group 1: Offering Details - The Offering consists of up to 4,285,714 units, each unit comprising one common share and one-half of a share purchase warrant, with full warrants allowing the purchase of additional shares at $1.00 each for two years [1]. - The Offering is expected to close in November 2025, subject to customary conditions including TSX Venture Exchange approval [2]. Group 2: Company Overview - Carrier Connect Data Solutions focuses on rolling up Tier II/III data centers internationally, providing co-location and data center solutions primarily to AI companies, service providers, enterprises, and small businesses [4]. - The company operates as a carrier-neutral organization, with its principal markets located in Vancouver, Canada, and Perth, Australia, serving clients who utilize its facilities as primary or ancillary data centers [4].
Ventripoint Announces Closing of Second and Final Tranche of Non-Brokered Convertible Debenture Units Private Placement
Thenewswire· 2025-10-14 20:30
Core Points - Ventripoint Diagnostics Ltd. announced the issuance of an additional $297,000 of unsecured convertible debenture units, bringing the total to $567,000 for the Offering [1][2] - Each unit consists of a $1,000 unsecured convertible debenture and 9,000 common share purchase warrants [1] - The conversion price for the debentures is set at $0.11 per common share, with warrants exercisable at $0.14 until December 31, 2027 [2] Financial Details - The debentures mature on December 31, 2027, and carry a 10% interest rate, payable semi-annually [3] - The Corporation paid a total of $320 in cash finder's fees and issued 2,286 finder's warrants, which can be exercised at $0.11 per share for 18 months [4] - Proceeds from the Offering will be used for operational costs, sales and marketing, and general working capital [5] Regulatory and Market Information - All securities issued are subject to a four-month hold period and require approval from the TSXV [6] - The securities will not be registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without proper registration or exemption [7] Company Overview - Ventripoint is a leader in applying AI to echocardiography, with its VMS+ products providing accurate cardiac measurements comparable to MRI [8] - The technology is versatile and compatible with all ultrasound systems, supported by regulatory approvals in the U.S., Europe, and Canada [9]
JZR Gold Announces First Concentrate From Vila Nova Gold Project
Thenewswire· 2025-10-14 20:30
Core Insights - JZR Gold Inc. has announced the production of its first gold concentrate from the Vila Nova Gold Project in Brazil, operated by ECO Mining Oil & Gaz Drilling and Exploration [1] - The project is currently undergoing further testing and optimization of its 800 tonne-per-day bulk sampling gravimetric mill to enhance efficiency and increase processing volume [1] - JZR holds a 50% net profit interest in the Vila Nova Project, acquired through a Joint Venture Royalty Agreement with ECO [2] Company Developments - The CEO of JZR expressed excitement regarding the progress at the Vila Nova Gold Project and noted that ECO has begun stock-piling material at the mill in anticipation of increased throughput [3]
[Video Enhanced] West Red Lake Gold Hits New High-Grade Lens in Lower Austin
Thenewswire· 2025-10-14 17:00
Core Viewpoint - West Red Lake Gold Mines has reported high-grade drill results from the Lower Austin Zone, indicating significant potential for gold mineralization and resource expansion in the Madsen Mine [1][2][8]. Company Objectives - The company is focusing on three main objectives: achieving targeted ramp-up gold ounce production, instituting new operational efficiencies, and adding high-confidence gold ounces to its metal inventory [3]. Drill Results and Mineralization - The recent drilling at the Madsen Mine, specifically from the 12 Level at approximately 600 meters depth, has yielded high-grade results, including an intersection of 7.75 meters at 139.45 grams per tonne gold [2][8]. - The Lower Austin Zone currently has an indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne gold, with an inferred resource of 104,900 ounces at 6.5 grams per tonne gold [1][8]. Historical Context and Potential - The Madsen Mine has resources defined down to depths of over one kilometer, with the Red Lake District known for deep deposits that typically increase in thickness at lower depths [7]. - Historical data indicates that significant high-grade zones can radically change a company's production profile, as seen in past operations in the Red Lake area [7]. Mining Strategy and Economic Viability - The company employs a drilling strategy with seven-meter spacing to accurately model the deposit, which is crucial for managing the discontinuity of mineralization [10]. - A higher gold price allows for a more inclusive resource estimation, reducing the cutoff grade for resource inclusion and potentially increasing overall ounces and tonnage [20]. Future Exploration and Development - The company anticipates continued success in discovering and defining more lenses of high-grade mineralization as drilling progresses in the Lower Austin Zone [21]. - The recent findings are seen as validation for the company's decision to resume production at the Madsen Mine, with expectations of further discoveries [13].
Ocumetics Webinar - Discussion of One-Month Postoperative Patient Results
Thenewswire· 2025-10-14 14:05
Core Insights - Ocumetics Technology Corp. is hosting a webinar to discuss one-month patient results from its initial Group 1 patients who received the Ocumetics Accommodating Intraocular Lens [1][2] - The webinar will cover updates on the first-in-human study and future steps in the development process [2][3] Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company focused on advanced vision correction solutions aimed at enhancing patient quality of life [4] - The company is developing innovative intraocular lenses designed to fit within the natural lens compartment of the eye, potentially eliminating the need for corrective lenses [5] Webinar Details - The webinar is scheduled for October 15, 2025, at 6:00 PM ET, featuring CEO Dean Burns [2] - Key topics will include one-month postoperative patient results, next steps for the Ocumetics study, and a live Q&A session [6]
SPARC AI Appoints Strategic Defense Advisor to Boost Business Development and to Support U.S. and Canadian Defense Engagements
Thenewswire· 2025-10-14 13:30
Core Insights - SPARC AI Inc. has appointed a leading North American defense and government advisory firm to enhance its expansion into the U.S. and Canadian defense markets, marking a significant milestone in its growth strategy [1][2] - The advisory firm will assist in business development, government defense relations, and strategic introductions, ensuring compliance with the Lobbying Act of Canada [2] - SPARC AI's CEO stated that the company has reached a level of technological maturity suitable for deployment, with systems tested in demanding conditions [3] Company Developments - The newly appointed advisory firm will guide SPARC AI in strengthening partnerships within North America's defense ecosystem [2] - SPARC AI has expanded its drone demonstration fleet, acquiring custom-built drones to showcase its advanced technologies, including the Target Acquisition System and Autonomous Flight Engine [3] - The company's technology enables drones to operate without GPS, radar, laser, or lidar, which is crucial for operations in contested environments [3] Technology Overview - SPARC AI develops next-generation, GPS-free target acquisition and intelligence software for drones and edge devices, focusing on real-time detection and tracking without heavy sensors [4] - The flagship platform aims to provide unmatched situational awareness for defense, rescue, and commercial operators [4] - The company is committed to building a scalable software platform that will define the future of drone intelligence globally [4]
Ecolomondo Appoints Mario Mantaci, P.Eng., M.Eng. as Chief Technology Officer
Thenewswire· 2025-10-14 13:30
Core Insights - Ecolomondo Corporation has appointed Mario Mantaci as Chief Technology Officer to lead technology development and optimization, focusing on the ramp-up of the Hawkesbury TDP facility [1][5][7] Company Overview - Ecolomondo has developed its proprietary Thermal Decomposition Process (TDP) over 25 years, investing over $52 million in its first commercial facility in Hawkesbury, Ontario [2][10] - The company aims to be a leader in sustainable tire recycling and the circular economy, producing reusable commodities from scrap tires [11][14] Technology and Operations - The Hawkesbury facility is designed to process approximately 1 million scrap tires annually, producing around 4,000 MT of recovered carbon black, 5,000 MT of pyrolysis oil, 2,000 MT of steel, and 1,200 MT of process gas [12] - Ecolomondo's TDP technology is more advanced than most pyrolysis technologies, addressing various operational challenges [19] Environmental Impact - The TDP process is expected to reduce GHG emissions by 90% compared to virgin carbon black production, with annual CO2 reductions of 15,000 tons from the Hawkesbury facility and 45,000 tons from the upcoming Shamrock facility [20] Future Plans - Ecolomondo plans to expand its TDP facilities, with the Shamrock facility projected to process 5 million tires per year, yielding significantly higher outputs than the Hawkesbury plant [13][15] - The company is also focused on achieving ISCC certification and implementing ESG initiatives to enhance operational protocols and sustainability [6][16][18]
Majestic's HKEX-Listed Subsidiary Persistence Completes HK$472 Million Private Placement
Thenewswire· 2025-10-14 13:00
Vancouver, British Columbia – TheNewswire - October 14, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) ) is pleased to announce that its Hong Kong Stock Exchange (“HKEX”) listed subsidiary, Persistence Resources Group Ltd. (“Persistence”) (Stock Code: 2489), has completed a private placement financing (the “Private Placement”) for gross proceeds of $472 million (approximately CAD$85.2 million)(“Placement”). Pursuant to the Placement, Persistence issued 400 million common ...
Baru Gold Completes Area Survey in Preparation of Production Plant Construction & Drill Program
Thenewswire· 2025-10-14 13:00
Core Viewpoint - Baru Gold Corp. and its subsidiary PT. Tambang Mas Sangihe are making significant progress in preparing for production at the Sangihe Gold Project while awaiting approval for production operations [1]. Production Readiness - The company has completed a multi-week land and aerial survey using drone-based LiDAR scanning and ground measurements to create a high-resolution topographic map of the project [2]. - LiDAR technology provides detailed 3D representations of the ground surface, allowing for accurate mapping even in dense vegetation [3]. - This advanced survey method offers more precise data than traditional surveys, ensuring all teams work from the same digital base map [4]. Key Development Objectives - The survey supports several objectives: construction of an automated production plant, expansion of resources for the upcoming drill exploration program, and strengthening environmental and compliance foundations [5]. - The Electrowinning Elution Column Plant will be an automated gold recovery system designed to optimize gold extraction, utilizing the new 3D LiDAR terrain models for site planning [6]. - Accurate land contour and elevation data are critical for efficient site layout design, reducing potential construction delays and future maintenance costs [7]. Construction Efficiency - Detailed spatial information will help accelerate the construction timeline, streamline material delivery, and reduce overall build time, leading to a safer work environment and a solid foundation for long-term operations [8]. Drill Exploration Program - The new area and surface model will be integrated with existing geological and drilling data to better understand mineralized zones in relation to terrain and structural features [9]. - This integration will help identify new high-priority drill targets, reduce uncertainty in resource models, and guide future exploration and engineering work [10]. - Strengthening the geological model will lead to a more precise understanding of gold resources, supporting better economic evaluations and planning decisions [11]. Environmental and Compliance Framework - The survey provides essential data for environmental and safety compliance, establishing baseline data for future monitoring [12]. - The information will aid in developing a comprehensive environmental mapping framework, ensuring responsible resource development and land rehabilitation post-mining [13]. - The CEO emphasized the importance of this survey in preparing for mine development, highlighting its role in engineering design, regulatory compliance, and environmental stewardship [14]. Project Overview - The Sangihe Gold Project is located on the Indonesian island of Sangihe, covering approximately 25,000 hectares, with only 10% explored to date [14]. - The project has an existing National Instrument 43-101 report suitable for mining planning and production schedules for an area targeted for initial production [14].