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NEWS!!!
Converge Technology Solutions Corp. Receives Final Approval to Graduate to the Toronto Stock Exchange
TORONTO, Feb. 9, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has received final approval from the Toronto Stock Exchange ("TSX") to graduate from the TSX Venture Exchange ("TSXV") and list the Company's common shares ("Common Shares") on the TSX.
"Having successfully executed on our business objectives since listing on the TSXV and with further expansion on the horizon, a graduation to the TSX represents a natural progression for the Company," stated Shaun Maine, CEO of Converge. "Graduating to a senior exchange aligns appropriately with our focus to reach the broader investment community while improving liquidity for our valued shareholders."
The Common Shares will commence trading on the TSX at the opening of markets on Thursday, February 11, 2021 under the existing stock symbol "CTS". In connection with the listing of the Common Shares on the TSX, the last day of trading on the TSXV will be February 10, 2021 and the Common Shares will be delisted from the TSXV on February 11, 2021 upon commencement of trading on the TSX. Shareholders will not be required to take any action in connection with the graduation and listing on the TSX.
Upon listing on the TSX, and pursuant to the terms of the escrow agreements between the Company, Computershare Investor Services Inc., and certain security holders of the Company, an aggregate of 6,294,369 Common Shares currently held in escrow will be released. The number of outstanding Common Shares will not change as a result of the escrow release.
Well Friday’s close was $6.05
After some turbulence it might be headed up again. Should hear about an uplisting around Feb 17th which is likely. Even some good news would be perfect to this week for a boost.
$6.78 Amazing morning !
Already hit a new all time high of $6.74 and in the first 15 minutes of trading lol
Another amazing day touching a new record high of $6.35 and an all time high close of $6.33
People in other stock groups are starting to take notice now. Market cap should be $1B by the end of the month! Lets see how long it takes.
$6.15 ! (:
Already hitting an all time high of $6.08 this morning! $CTS.V is unstoppable
Nice! All time high close today @ $5.80
New record high of $5.92 already this morning! Yeah!
New record high close today of $5.57 and touched a new record high of $5.68
Already opened with a new record high of $5.65 !! BOOM
Well record high close on Friday @ $5.45.
Let’s see if this hits $6 this week. Knocking on wood
Great day with a record high close of $5.29
$7.50 is my next goal with Converge Technologies
Yesterday was great hitting an all time High of $5.39
Also with this news the company has $75M to get more done with acquisitions and running capital etc.
There is many people taking advantage of this little sale in the $4.90’s today. Very smart buying !
NEWS!!!!
Converge Technology Solutions Corp. Announces Upsize to Previously Announced Bought Deal Financing
January 06 2021 - 02:17PM
PR Newswire (Canada)
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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
GATINEAU, QC and TORONTO, Jan. 6, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it has entered into an amended agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (the "Underwriters"), to increase the size of its previously announced offering of common shares. Under the amended terms, the Underwriters have agreed to purchase, on a bought deal basis, 15.5 million common shares of the Company ("Offered Shares") at a price of $4.85 per Offered Share (the "Issue Price") for gross proceeds to the Company of $75.2 million (the "Offering").
In addition, Converge has granted the Underwriters an option, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the financing, to purchase up to an additional 2.3 million common shares of the Company solely to cover over-allotments, if any, and for market stabilization purposes. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the Offering will be $86.5 million.
Converge intends to use the net proceeds from the Offering for acquisitions, working capital and other general corporate purposes.
The Offering will be conducted in each of the provinces of Canada by way of a prospectus supplement to the Company's short form base shelf prospectus dated July 8, 2019 (the "Prospectus Supplement") and elsewhere on a private placement basis. Converge intends to file the Prospectus Supplement with the securities regulatory authorities in Canada, which will be available on SEDAR under the Company's profile at www.sedar.com.
The Offering is scheduled to close on or about January 15, 2021 and is subject to customary closing conditions, including listing of the Offered Shares on the TSX Venture Exchange and any required approvals of the exchange and applicable securities regulatory authorities.
The Offered Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the Offered Shares may not be offered or sold within the United States, its territories or possessions, any state of the United States or the District of Columbia (collectively, the "United States") except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any Offered Shares within the United States.
Nice record high close today @ $5.10 and it touched an all time high of $5.25. Someone bought $800k worth today so that’s nice to see!
Great news this morning with a record high of $5.25 !
NEWS!!!
y @newswire on 4 Jan 2021, 08:30
Converge Technology Solutions Corp. Acquires Vicom Computer Services, Inc.
Converge continues to grow with the acquisition of a C$128M revenue business, expanding its array of IT service offerings.
TORONTO and NEW YORK, Jan. 4, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has completed the acquisition of Vicom Computer Services, Inc., a full-service multi-cloud infrastructure provider.
Converge Technology Solutions Corp. (CNW Group/Converge Technology Solutions Corp.)
Vicom, an established, scaled solutions provider based in the US Northeast, has a rich history and focus on working with clients to align best-of-breed technologies with their desired business outcomes. With this acquisition, Converge gains an industry-leading team of architects and engineers who will accelerate the growth of the Company's practice areas, driving more value for its clients across North America.
Vicom will join the existing Converge footprint in the US Northeast, which includes Converge subsidiaries Lighthouse, Essextec, and VSS. This expansion provides Converge additional presence in key industries across financial services, healthcare, and state and local government.
"Joining the Converge family allows us to offer more solutions and services to our customers," said Robert Verola, CEO of Vicom. "Converge has great relationships with the best names in the IT industry, and we want our customers to have access to those technologies and the experts who know how to make the most of them."
"We are incredibly excited to join Converge Technology Solutions," said Vic Verola, President of Vicom. "Providing our customers with the most innovative solutions that drive business success has always been our goal. Joining the Converge family will help us deliver on that promise to our customers."
"Vicom isn't your typical IT solution provider. Their alignment with our core practice areas will drive immediate value to the Converge client base," said Greg Berard, President of Converge. "We continue to invest in our cloud, cybersecurity, and managed services solutions, and acquiring Vicom will help us grow and expand those offerings. We are excited to welcome Vicom's employees and their clients to the Converge family."
Vicom had trailing twelve month revenue and adjusted EBITDA of approximately C$128 million and C$6.6 million, respectively, for the period ending November 30, 2020. Consideration for the acquisition consisted of US$25 million in cash (approximately C$32 million) after adjusting for excess working capital, representing a purchase multiple of approximately 4.85 times LTM adjusted EBITDA.
Vicom is the seventeenth acquisition announced by Converge since October 2017. Converge's family of companies also includes Corus Group, LLC; Northern Micro, Inc.; 10084182 Canada Inc. operating as Becker-Carroll; Key Information Systems, Inc.; BlueChip Tek, Inc; Lighthouse Computer Systems, Inc.; Software Information Systems LLC; Nordisk Systems, Inc.; Essex Technology Group, Inc.; Datatrend Technologies, Inc.; VSS, LLC; Solutions PCD, Inc.; Unique Digital, Inc.; Workgroup Connections, Inc.; Vivvo Application Studios LTD.; and will include CarpeDatum, LLC.
About Converge
Converge Technology Solutions Corp. is a North American software-enabled, Hybrid IT solution provider focused on delivering industry-leading solutions and services. Converge's regional sales and services organizations deliver advanced analytics, cloud, cybersecurity, and managed services offerings to clients across various industries. The Company supports these solutions with talent expertise and digital infrastructure offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.
About Vicom, A Converge Company
Vicom is a full-service multi-cloud infrastructure provider with a three-decade history of helping our customers drive business innovation. Vicom is one of the largest regional solution providers in the Northeast with over 100 team members servicing our customers. Our domains of expertise include multi-cloud solutions, networking, operations/service management, security, staff augmentation, and professional and managed services. Through a team of dedicated staff Vicom helps our customers deliver on the promise of digital transformation. For more information, visit vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a leading M&A advisory firm serving the IT industry.
Yesterday had a nice close of $4.99 for a record close. Today is so far green! News will wait for the new year I guess.
Already hit $5.15 this morning. Now some healthy profit taking. I’m staying in. This will be over $6 within a month or 2
New record of $4.58 $$$. Who’s wants to join the fun? (:
Touching the all time high again of $4.50! Nice
Wow up 7.4% to a new all time high of $4.50
$$$$
Closed @ $4.19 yesterday and now some NEWS!!
Converge Technology Solutions Corp. Acquires Vivvo Application Studios Ltd.
NEWS PROVIDED BY
Converge Technology Solutions Corp.
Dec 22, 2020, 17:22 ET
REGINA, SK and GATINEAU, QC, Dec. 22, 2020 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF) announces that it has completed the acquisition of Vivvo Application Studios Ltd. (Vivvo™), a Canadian technology innovation organization that delivers a feature-rich, production-ready, proven identity-management-as-a-service (IDMAAS) platform that enables and accelerates digital transformation. Vivvo marks the sixteenth acquisition announced by Converge.
The acquisition of Vivvo will accelerate the time to market for Converge's TrustBuilder Platform, Converge's ground-breaking Digital Identity and Privacy solution based in Gatineau and will further contribute to the fast-emerging Gatineau innovation ecosystem.
News helped this spike up to $4.04 so far today!
NEWS!!!
Converge Technology Solutions Corp. Achieves Cisco CX Specialization Status
December 16 2020 - 01:30PM
PR Newswire (Canada)
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TORONTO, Dec. 16, 2020 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF) a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce it has achieved Cisco CX Specialization status. The Company has secured this status by demonstrating its technical abilities and by enabling its customers to accelerate innovation, reduce risks, and achieve better business outcomes faster.
Converge Technology Solutions Corp. Logo (CNW Group/Converge Technology Solutions Corp.)
In recent years, it has become increasingly important to enable customers with sustainable lifecycle practices, which remains particularly true of Software as a Service (SaaS) solutions. Traditional methods of replacing legacy infrastructure and software are not a sustainable IT approach, thus working closely with clients to identify their requirements and how well their technologies are serving them is pivotal in creating success. Converge has a very mature customer success practice that is tailored to help enhance the customer experience in partnership with key software vendors. In addition to leveraging data from tools specifically designed to assist customers with their software adoption strategies, Converge can capitalize on the Cisco CX program by offering assessment-based services around Cisco products.
"We are ready, willing, and able to offer analytics-driven, expert guidance to our customers so they can realize the full value of their Cisco solutions," said Cory Reid, COO of Converge. "Using valuable insights from adoption and optimization tools, we can progress partnerships with our customers to build solutions that deliver on business-critical outcomes throughout the lifecycle of their Cisco products."
"User experience has always been a major driver of the way we do business," added Greg Berard, President of Converge. "Ensuring that our customers' investments continue to exceed their expectations is paramount to maintaining trusted relationships, thereby setting them up for success."
Some profit taking yesterday and looks like it is going green again.
$4.33 new all time high! Anyone else here in this as well or am I making money alone?
$4.16 !!
New all time high of $4.09 !
Just touched $4 pps , looking good!
Market Cap is now over 500M, let’s see if this brings in next level investors!
New all time high of $3.86
If anyone looks at the 6 month chart, it’s literally going uphill in a perfect line.
NEWS!!
Converge Technology Solutions Corp. Acquires Workgroup Connections, Inc.
December 02 2020 - 09:00PM
PR Newswire (Canada)
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TORONTO, Dec. 2, 2020 /CNW/ - Converge Technology Solutions Corp. ("Converge") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has acquired Workgroup Connections, Inc. ("Workgroup Connections" or the "Company"), a technology solutions company that helps businesses through leading-edge cloud, software development, and licensing services and solutions.
Got in here at $3.00 and currently $3.70
Let’s see how far this company can go. Dell approves of them 100%
Last weeks NEWS!
Kootenay Intercepts 608 gpt Silver Over 5 Meters Within 229 gpt Silver Over 22 Meters at Columba Project, Mexico
August 13 2020 - 12:30PM
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VANCOUVER, BC, Aug. 13, 2020 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce results from an additional 4 holes from its 7,000 meter drill program, at the Columba high-grade silver project (the "Property") located in Chihuahua State, Mexico.
Kootenay Silver Inc. Logo (CNW Group/Kootenay Silver Inc.)
Among the 4 holes reported in the release, CDH-20-057 to CDH-20-059 tested along the F-Vein. Hole CDH-20-60 intercepted the J and Z Vein system and encountered a well mineralized breccia and quartz vein stockwork zone located approximately 700 meters east from the F-Vein.
Highlights from J and Z Vein system include:
CDH-20-060
132 gpt silver over 64 meters including two notable intervals:
1,025 gpt silver over 1.0 meters within 226 gpt silver over 9.0 meters.
361 gpt silver over 11 meters including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over 1.0 meters all within 229 gpt silver over 22 meters.
Hole CDH-20-060 is about 40 meters deeper and 20 meters along strike from previously announced hole CDH-19-030 (see news release dated December 12, 2019). This Phase I drill hole hosted the following high-grade mineralization:
CDH-19-030
200 gpt silver over 25.85 meters which included;
415 gpt silver over 11.15 meters, including
982 gpt silver over 1.9 meters within 721 gpt silver over 4.07 meters.
The silver mineralization in the J and Z Vein system is related to silicified breccias and thin quartz vein stock works following classic banded quartz vein structures more characteristic of the F-Vein.
Kootenay President & CEO, James McDonald, stated "This area of the J and Z Vein has become very exciting and prospective following this second considerable intercept of high silver grades. Finding silver hosted in breccias and stock works in this area indicates the potential to discover large mineralized zones along shorter strike lengths than typically seen in the veins themselves."
The geometry of the relatively untested J and Z Vein system is not known at this time. More holes are needed to determine the geometry (strike and dip), extent of continuity and size of the zone.
Detailed Drill Results
Hole ID
From
(meters)
To
(meters)
Interval
(meters)
Silver
(gpt)
Pb
(%)
Zn
(%)
Geologic
Intersection
CDH-20-060
144
208
64
132
0.03
0.1
J-Z Vein
Includes
147
156
9
226
0.03
0.13
Includes
152
153
1
1025
0.08
0.21
Includes
183
205
22
229
0.05
0.14
Includes
190
201
11
361
0.08
0.18
Includes
191
196
5
608
0.09
0.12
Includes
191
192
1
447
0.034
0.096
Includes
192
193
1
342
0.056
0.081
Includes
193
194
1
1160
0.1
0.128
Includes
194
195
1
776
0.175
0.223
Includes
195
196
1
315
0.093
0.101
CDH-20-057
275.91
280.47
4.56
103
0.12
0.19
F Vein
Includes
275.91
280.47
1.81
163
0.26
0.32
And
166
226.84
60.84
40
0.03
0.1
Hole 60 is reporting the drilled length of mineralization because there is not sufficient data to understand the geometry to estimate a true width. Hole 57 is reported as drilled length of mineralization. The true width is estimated at about 81% of the drilled width or about 3.74 meters.
F Vein Results
CDH-20-57 is one of the deeper intercepts along the F-Vein hitting 4.56 meters of quartz vein grading 103gpt silver including. 1.81 meters of 163 gpt silver at a depth of 208 meters from surface. The nearest hole CDH-20-051 is located approximately 57 meters up dip and 60 meters along strike. CDH-20-051 hit 317 gpt silver over 4.36 meter including 769 gpt silver over 1.1 meters in the F Vein and 865 gpt silver over 2 meters in a hanging-wall structure (see news release dated May 26, 2020).
CDH-20-058 hit an old mine working at target depth.
CDH-20-059 hit 4.1 meters of F-Vein at the northwestern most extent of the drill tested area. The F Vein at this location was occupied by massive calcite which did not carry any significant results.
Click to view the plan map, long section, and cross sections.
Sufficient drilling has been conducted along the F-Vein to establish good continuity for about 700 meters of strike to depths of 230 meters. Drilling is currently focused on the veins not yet tested and will follow up on intercepts encountered in various other veins during the 2019, Phase I drill campaign.
Drilling is ongoing and more results will be released once holes are completed and assays are received, compiled, and interpreted.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
Neither the 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.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at August 12, 2020. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
SOURCE Kootenay Silver Inc.
Kootenay Stocks 1 month and 3 month chart look great. Looks like it will only go up for months to come, plus their drilling results are looking positive.
Silver has been down for a few days and this is the perfect time to add/buy silver stocks!
Just jumped in @ $0.48