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Nemaska Lithium Provides Update on Whabouchi Project
9:28 AM ET 11/15/19 | GlobeNewswire
Nemaska Lithium Provides Update on Whabouchi Project
-- Efforts to complete an optimized project financing structure continue
-- Project investment at both sites totals $392 million as at September 30,
2019
-- Temporary shutdown of activities will be completed shortly at the
Whabouchi mine
-- Phase 1 plant to fulfill last orders before beginning of the shutdown
QUEBEC CITY, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium (Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) today provides an update on its Whabouchi Project and the status of its ongoing efforts to complete the project financing. This update follows the filing, on November 14, of the financial statements and Management Discussion and Analysis (MD&A) for the first quarter, ended September 30, 2019, of its financial year. Nemaska Lithium also takes this opportunity to provide details on the activities at the mine site and the Phase 1 plant.
"We continue working with Pallinghurst and our other strategic partners on completing an optimized project financing structure to be submitted to the shareholders' approval as soon as possible," said Guy Bourassa, President and CEO of Nemaska Lithium. "Over the past month, our teams have worked diligently to prepare the sites for temporary shutdown, in anticipation of an orderly resumption of activities that will minimize delays once financing has been secured and the construction schedule is confirmed."
Annual General Meeting of Shareholders
As a result of the ongoing discussions with The Pallinghurst Group ("Pallinghurst"), Nemaska Lithium has requested and obtained approval from the capital markets authorities to hold its shareholders Annual General Meeting ("AGM") in early 2020. If appropriate, the Corporation may elect to combine the AGM with the Special Meeting regarding Pallinghurst's potential investment under a court approved plan of arrangement under the Canada Business Corporations Act ("CBCA"). Details about the AGM and/or Special Meeting will be communicated to shareholders when available.
Discharge of the security which secured the Bonds
As regards the Corporation's application filed on September 16, 2019 with the Superior Court of Québec, in connection with its arrangement proceedings under the CBCA, which seeks the discharge of the security which secured the $350 million US senior secured bonds (the "Bonds"), the hearing of such application is set for January 2020, in Montréal. It is the Corporation's view that the Bonds were discharged. The Trustee considers that the Bonds were not discharged, and that the Corporation owes penalties to the holders of the Bonds. Readers may refer to the press releases of Nemaska Lithium dated September 17 and 25, 2019 for further information.
Financial Highlights
On November 14, 2019, Nemaska Lithium filed its first quarter financial statements as well as Management discussion and analysis (MD&A) on SEDAR. As at September 30, 2019, the Corporation had on hand approximately $77 million in unrestricted cash and cash equivalents to finance its current activities, plus cash and cash equivalents of $40 million that Nemaska Lithium has agreed, for the moment, to maintain in a cost overrun account, even if the Bonds were discharged. As at September 30, 2019, cumulative incurred capital investment totalled $392 million on a total Whabouchi Project budget of $1.269 billion, including contingency. Moving forward the Corporation has taken a number of additional proactive steps to preserve cash while it completes its project financing.
Construction Report Selected Information on Expenditures
All amounts are in Canadian dollars
(in millions, including contingency)
Incurred and
Remaining CAPEX
as at September
30, 2019, per NI
43--101 Technical Incurred as at Remaining as at
Report estimate, September 30, September 30,
July 2019 Total 2019 2019
Whabouchi: 448 261 187
Plant: 821 131 690
-------- ----------------- -----------------
Total: 1,269(1) 392 877
(1) The Total CAPEX includes amounts for corporate owners' costs, which are .APPROX.$42 million for Whabouchi and .APPROX.$29 million for the Plant.
Project Standby Readiness
Equipment deliveries to the Whabouchi site have been completed. In the coming weeks, the Whabouchi site winterization and orderly demobilization will be completed. A small crew will conduct care and maintenance activities as well as ensuring site security. Detailed engineering will be pursued, at an adapted pace, to continue the development of project until financing is secured for both the Whabouchi mine and the Shawinigan plant.
The shutdown of the Phase 1 plant will begin in a few weeks, with a view to ceasing operations by December 31, 2019. The team is also working to fulfill the last orders as well as preparing samples of lithium hydroxide to continue product qualification trials with potential end users. In operation since February 2017, this demonstration plant enabled the Corporation to showcase the reliability of its patented process and the exceptional quality of its product intended for the lithium battery market.
Nemaska Lithium has taken the necessary steps to ensure the preservation of its assets and to comply with regulatory, safety and environmental obligations at both sites for the duration of the project standby phase.
About Nemaska Lithium
Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide. This lithium salt is mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.
The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.
The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada SmallCap Index. For more information, visit www.nemaskalithium.com.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to (A) the additional capital required to enable the Corporation to complete the Project's construction, (B) the eventual conclusion of a definitive agreement with Pallinghurst and other strategic partners and closing of the investment, (C) the expected resumption of construction and commissioning, and (D) the outcome of the application filed by Nemaska Lithium on September 16, 2019 with the Superior Court of Québec, in connection with its arrangement proceedings under the Canada Business Corporations Act, seeking the discharge of the security which secured the Bonds, constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, reaching a definitive agreement with Pallinghurst and other strategic partners in a timely manner and satisfying all closing conditions, and the obtaining of the additional capital required to fulfill the conditions precedent to receive the remaining proceeds from the Project financing, being the second tranche payment under the Orion Streaming facility.
Forward-looking statements contained in this press release include, without limitation, those related to (i) the Corporation completing an optimized project financing structure to be submitted to the shareholders' approval as soon as possible, (ii) the eventual definitive agreements to implement Pallinghurst's investment proposal and closing of the investment under a court approved plan of arrangement, (iii) the orderly resumption of activities that will minimize delays once financing will have been secured, (iv) holding the annual shareholders' meeting in 2020 and combining same with the shareholders' special meeting re Pallinghurst's potential investment under a CBCA arrangement, (v) the CAPEX estimates, (vi) the Corporation reaching an agreement with Pallinghurst that will satisfy all parties, including its own shareholders, (vii) the Corporation taking the necessary steps to ensure asset preservation, (viii) the Whabouchi site winterization and orderly demobilization to be completed shortly, and the Phase 1 plant shut down to commence shortly, (ix) the continuance of detailed engineering to continue the development of the project until financing is secured, (x) the Corporation to eventually be in position to restart construction work quickly when financing is completed, (xi) the outcome of the application filed by Nemaska Lithium on September 16, 2019 with the Superior Court of Québec, in connection with its arrangement proceedings under the Canada Business Corporations Act, seeking the discharge of the security which secured the Bonds, and (xiii) generally, the above "About Nemaska Lithium" paragraph which essentially describes the Corporation's outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are
(MORE TO FOLLOW) Dow Jones Newswires
November 15, 2019 09:28 ET (14:28 GMT)
Good or bad, we report it. Sooner or later, this one will come to fruition.
Independent Media Studio Hannover House Moves Boldly into New Media Frontier
2:34 PM ET 11/14/19 | Dow Jones
LOS ANGELES, CA / ACCESSWIRE / November 14, 2019 / As the worldwide home entertainment marketplace moves ever more rapidly towards direct-to-home streaming, distributors of physical DVD and BluRay movies are facing an adapt to survive mandate. Recognizing this paradigm shift, indie studio Hannover House, Inc. (OTC PINK:HHSE) has implemented a bold, two-tier operations strategy that adds the best elements of streaming with the most commercial product strategies for theatres, home video and television distribution.
"This week's launch of Disney+ resulted in over 10-million monthly subscribers quickly signing up for the $69.99 annualized access fee," said Hannover House C.E.O. Eric Parkinson. "Industry analysts are predicting that Disney+ will have over 35-million monthly subscribers this year, which represents a new revenue stream for Disney of more than $2.4-billion dollars. It's easy to see why we are excited about the launch of our own streaming service, MyFlix, which will carry titles from more than forty supplier studios instead of limiting programming to one or two studios or a specific genre," he concluded.
MYFLIX has been developed by Hannover House as a one-stop digital superstore, offering customers access to more than 12,000 titles from more than forty supplier studios and film libraries. The company plans to offer customers the option to choose either of the most popular streaming access programs: a per-transaction option or a monthly subscription option. Based on new corporate funding which is expected by February, Hannover House will be launching MyFlix in the spring of 2020, with approximately 4,000 titles offered initially, and 500 titles being added each month during the first year.
"The home video industry used to have a consumer slogan of 'watch what you want, when you want it,'" said Parkinson. "But with the demise of home video rental stores, access to programming has become extremely limited and controlled by a handful of streaming sites. With MyFlix, we are putting the consumer back in control by providing access to thousands of programs otherwise not available through existing streaming media and sites."
Parkinson is credited within the home video industry as the pioneer in sell-thru priced home videos. As C.E.O. of multi-Oscar winning studio HEMDALE, in 1994 Parkinson implemented a VHS Video pricing strategy of under $20 per movie, which shook up the rental industry that had grown lethargic under $79.95 priced VHS movie releases. Hemdale releases benefiting from Parkinson's breakthrough consumer marketing strategy included TERMINATOR, LITTLE NEMO, PRINCESS & THE GOBLIN, MAGIC VOYAGE, SAVAGE LAND, THE POLAR BEAR KING and HIGHLANDER 2 - which collectively sold more than eight-million VHS copies, landing six of the top ten "highest R.O.I. titles" as tracked by Video Store Magazine.
"MyFlix has the potential to shake-up the streaming marketplace," predicts Parkinson. "Many consumers are already reporting 'Netflix Fatigue' resulting from their limited programming selection; this may eventually impact CBS Now, HBO and Disney+ based on their programming strategies. But we do not expect a programming shortage for MyFlix, and with a much broader selection of titles, genres and pricing options, MyFlix is positioned to establish itself as a solid player in the home-streaming marketplace," he concluded.
Digital streaming is only one aspect of the Hannover House 2020 business model. The company has identified production financing opportunities that utilize international sales, State Incentives and bank gap financing as a means to create commercial films for release, and to build valuable balance sheet assets.
On the production front, Hannover House has licensed selected distribution rights to the family-appeal feature film, "WILDFIRE," which was inspired by the hit song by Michael Martin Murphey about a young girl and a mysterious horse. The film takes the premise of the song and melds it with the folklore of the legend of the Cherokee Ghost Horse - which describes a magical horse that acts as a bridge between the world of the living and those in the realm of the afterlife. Hannover House plans for its largest ever USA theatrical release for "WILDFIRE" in the spring of 2020, to be followed by a summer home video and streaming release. Discussions are also underway with a major cable network concerning a potential weekly television series for HHSE to produce based on this film, characters and situation.
Hannover has also been developing the feature film, "MELTDOWN" as a $12-mm production with three "A" level stars. The story has been described by Screen International as "Die Hard in a Nuclear Plant" and tells the story of three unlikely heroes that thwart a deadly terrorism plot. Hannover hopes to shoot "MELTDOWN" in June and July of 2020, with the majority of production occurring in Oklahoma in order to access the State's lucrative incentives program, as well as the support programs being made available to eligible productions by the Cherokee Nation Film Office. "MELTDOWN" will be presented to international co-production or distribution licensing partners at the European Film Market (EFM) held in Berlin, Germany in late February, as Hannover is seeking to raise the remaining thirty percent (30%) still needed to complete the film's budget requirements.
"THE LEGEND OF BELLE STARR" tells the true story of the Old West's most notorious lady-bandit, and her ambush murder prior to the Oklahoma Land Rush in 1889. Negotiations are in motion with two major stars, and a late summer (2020) shoot date is being planned.
Another major title, an animated feature with a $20-million-dollar budget and three "A" level voice cast members, is being prepared for a separate announcement.
Each of these higher-profile productions are expected to have significant or wide-level theatrical release in North America, prior to home video, streaming and television distribution. These films will comprise the event-level / locomotive releases that will drive the largest portion of the company's non-MyFlix gross revenues each year.
Hannover House will remain active with the distribution of films onto physical home video platforms in addition to streaming media, although physical video sales are expected to only comprise about fifteen percent (15%) of the company's cumulative revenues during fiscal year ending 9-30-2020. Upcoming physical home video releases include:
"SHARON 1.2.3." - A sexy and irreverent comedy from hit making writer-director MARK BROWN, creator of the successful "Barbershop" series. The film's strikingly attractive cast includes popular stars GINA RODRIGUEZ ("Deepwater Horizon"), NADINE VALEZQUEZ ("Flight"), SKYLAR SAMUELS ("The Gifted") and ERINN HAYES ("The Watch"). Hannover House will represent the film for physical home video as well as international distribution.
"RIDE UNITED" - A popular motor-cross documentary from Red Bull Media, which Hannover House is releasing to the specialty home-video (DVD / BluRay) markets. The film was a 2017 theatrical release, and will see its first home video presence from Hannover House.
"AMERICA UNITED: IN SUPPORT OF OUR TROOPS" - An all-star cast of music artists and comedians combined for this ABC-Television prime-time celebration and fund-raising endeavor to support USA Troops. Issues regarding music clearances had previously delayed the release of this program onto home video.
"WHERE'S THE DRAGON?" - Hannover House is negotiating a deal structure with the film's production company owners, which is expected to resolve the delay in the release of this high-end animated film. In 2017, Hannover House supervised the recording of English-speaking actors, including Academy Award winner Kim Basinger among its voice cast. A dispute over North American distribution rights sidelined the release of the film until recent developments.
Hannover is also handling four specialty theatrical releases, which will be described in separate press announcements.
"We feel that this strategy gives us the greatest upside potential," Parkinson continued. "We will have high-end films for theatrical release and maximum revenue potential. We will continue to release specialty titles for limited theatrical and physical home video. And we will be launching the one-stop digital superstore concept for MyFlix which will enable us to reach millions of consumers on a direct basis. During the 25-year history of Hannover House, we have modified our strategies as needed to anticipate changing market conditions. With these significant endeavors, we feel we are well ahead of the current wave of media evolution to best grow the company and shareholder value."
ABOUT THE COMPANY
Hannover House is a USA-based entertainment media distributor, specializing in the manufacture and release of pre-recorded movies and programs onto DVD and BluRay video devices, and the publication of literary and non-fiction books. Hannover is also active in the release of higher-profile films to theaters and to the domestic (North American) television markets. The Company has released over 450 separate feature film or television titles, with DVD sales of more than 10-million units since the launch of the Company's activities in releasing that format. The company has also published a wide-range of books, including the #1 Amazon.com best-selling non-fiction book, "Blood, Money & Power: How LBJ Killed JFK" by attorney Barr McClellan and the best-selling suspense thriller, "Quietus" by author Vivian Schilling. The company is domiciled in Wyoming; however, management offices are located in Fayetteville, Arkansas, as a proximity choice to be near the world headquarters for Walmart Stores, Inc. Hannover House, Inc. was originally incorporated in California in 1993 (as "Truman Press, Inc.") and become a publicly traded company on the OTC Markets, symbol HHSE, in December, 2009.
For More Information Contact:
Erick Parkinson, Eric@HannoverHouse.com / 818-481-5277
D. Frederick Shefte, FredShefte1@gmail.com / 479-871-8713
SOURCE: Hannover House
(MORE TO FOLLOW) Dow Jones Newswires
November 14, 2019 14:34 ET (19:34 GMT)
Anything cooking here, my brother Ken?
Neither does Han!
hahahaha
Li Dong is one of the twenty-four solar terms. It is a seasonal festival, indicating that winter begins here. After the winter, the sunshine time will continue to shorten, and the midday sun will continue to decrease. Li Dong, in ancient society, was one of the folk "four o'clock", and people generally had to hold ritual activities. Li dong is not only the first season of winter, but also celebrated as an important festival in many places in China.
Exactly what I told Master Han Schmucko:
"The only thing that matters in the western side of the world is audited fins."
People like to say:
"Somebody must know something".
9,900.00% up! WOW! Please tell your friends!
I know for a fact that this colostrum thing is a big deal. If VIBI is using it and has conditions to get it in big quantities, they will do really well.
I heard that there's even a colostrum black market in Europe.
I would buy some trips of this MILF too.
Is R/S planned?
Nice recuperation. We close green today. Again!
Sugarmade Achieves Penny Stock Exempt Status Removing Penny Stock Broker Limitations
8:00 AM ET 10/23/19 | GlobeNewswire
Sugarmade Achieves "Penny Stock Exempt" Status Removing Penny Stock Broker Limitations
NEW YORK, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Sugarmade, Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), a major supplier to the hydroponic cultivation and hemp sectors, is proud to announce that the stock has been awarded "Penny Stock Exempt" status on OTCmarkets.com in accordance with rules defined by the Securities and Exchange Commission ("SEC").
"It's gratifying to see that our consistent success has delivered Sugarmade from the limitations associated with Penny Stock status, granting us access to a wider pool of potential investors," stated Jimmy Chan, CEO of Sugarmade.
Specifically, according to OTCmarkets.com, Penny Stock Exempt status means that SGMD stock is now exempt from the limitations that accompany any security defined as a "Penny Stock" according to the SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.
According to information the SEC, "Because of the speculative nature of penny stocks, Congress prohibited broker-dealers from effecting transactions in penny stocks unless they comply with the requirements of Section 15(h) of the Securities Exchange Act of 1934 ("Exchange Act") and the rules thereunder. These SEC rules provide, among other things, that a broker-dealer must (1) approve the customer for the specific penny stock transaction and receive from the customer a written agreement to the transaction; (2) furnish the customer a disclosure document describing the risks of investing in penny stocks; (3) disclose to the customer the current market quotation, if any, for the penny stock; and (4) disclose to the customer the amount of compensation the firm and its broker will receive for the trade. In addition, after executing the sale, a broker-dealer must send to its customer monthly account statements showing the market value of each penny stock held in the customer's account."
SGMD shares are now exempt from those limitations.
Mr. Chan continued, "We have an exceptional strategic plan in place to execute a multi-step roll-up strategy leaving Sugarmade as one of the biggest publicly traded companies in the hydroponics space. We are rapidly accomplishing those objectives. And we believe we offer investors and our current shareholders tremendous value given our leadership position in several explosive intersecting growth themes, including ecommerce, hemp, and hydroponics."
The Company is also excited to direct our current and prospective investors, and anyone else interested in Sugarmade and its products, to our social media feeds. As we move toward a number of exciting upcoming catalysts and initiatives, please follow us on both Facebook (facebook.com/SugarmadeInc) and Twitter (twitter.com/Sugarmade1) for important updates.
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator and Carryoutsupplies.com a leader provider to the quick service restaurant industry.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
info@Sugarmade.com
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
HERE WE GO $SGMD
Large New Copper-Gold-Silver-Molybdenum Porphyry System Discovered in the Cisne-Loja Project
http://cdn-au.mailsnd.com/6996/mfEc4huc3N_vMr5gSf-w-G3jFMR3ocvyRpBO-Gp14n0/2258807.pdf
Novation Companies Announces Date of 2019 Annual Meeting of Shareholders
1:47 PM ET 10/21/19 | GlobeNewswire
Novation Companies Announces Date of 2019 Annual Meeting of Shareholders
KANSAS CITY, Mo., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Novation Companies, Inc. (NOVC) ("Novation" or the "Company"), which through its subsidiary Healthcare Staffing, Inc. provides outsourced health care staffing and related services in the State of Georgia, is announcing that its 2019 Annual Meeting of Shareholders (the "2019 Annual Meeting") will be held on December 12, 2019, at 10:00 a.m. Central Standard Time in Kansas City. Shareholders of record of Novation common stock at the close of business on October 24, 2019, the record date for the 2019 Annual Meeting, will be entitled to notice of, and to vote at, the 2019 Annual Meeting.
Shareholder proposals intended to be presented at the 2019 Annual Meeting pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, as amended, must be received by the Company not later than 5:00 p.m. Central Standard Time on October 25, 2019, in order to be considered for inclusion in the Company's proxy statement for the 2019 Annual Meeting. For a shareholder to bring business before the 2019 Annual Meeting outside of Rule 14a-8 or to nominate a director, it must provide timely written notice to the Company in accordance with the advance notice provisions of the Company's Second Amended and Restated Bylaws.
About Novation Companies, Inc.
Novation Companies, Inc. and its subsidiaries, through its wholly-owned subsidiary Healthcare Staffing, Inc., provides outsourced health care staffing and related services in the State of Georgia. Novation's common stock, par value $0.01 per share, is traded on the OTC Pink marketplace of the OTC Markets Group, Inc. under the symbol "NOVC".
For more information, please visit www.novationcompanies.com or contact David W. Pointer, Chief Executive Officer, at dave.pointer@novationcompanies.com.
> Dow Jones Newswires
October 21, 2019 13:47 ET (17:47 GMT)
The news on e*Trade are not our NOHO related:
Novation Companies Announces Date of 2019 Annual Meeting of Shareholders
1:47 PM ET 10/21/19 | GlobeNewswire
Novation Companies Announces Date of 2019 Annual Meeting of Shareholders
KANSAS CITY, Mo., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Novation Companies, Inc. (NOVC) ("Novation" or the "Company"), which through its subsidiary Healthcare Staffing, Inc. provides outsourced health care staffing and related services in the State of Georgia, is announcing that its 2019 Annual Meeting of Shareholders (the "2019 Annual Meeting") will be held on December 12, 2019, at 10:00 a.m. Central Standard Time in Kansas City. Shareholders of record of Novation common stock at the close of business on October 24, 2019, the record date for the 2019 Annual Meeting, will be entitled to notice of, and to vote at, the 2019 Annual Meeting.
Shareholder proposals intended to be presented at the 2019 Annual Meeting pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, as amended, must be received by the Company not later than 5:00 p.m. Central Standard Time on October 25, 2019, in order to be considered for inclusion in the Company's proxy statement for the 2019 Annual Meeting. For a shareholder to bring business before the 2019 Annual Meeting outside of Rule 14a-8 or to nominate a director, it must provide timely written notice to the Company in accordance with the advance notice provisions of the Company's Second Amended and Restated Bylaws.
About Novation Companies, Inc.
Novation Companies, Inc. and its subsidiaries, through its wholly-owned subsidiary Healthcare Staffing, Inc., provides outsourced health care staffing and related services in the State of Georgia. Novation's common stock, par value $0.01 per share, is traded on the OTC Pink marketplace of the OTC Markets Group, Inc. under the symbol "NOVC".
For more information, please visit www.novationcompanies.com or contact David W. Pointer, Chief Executive Officer, at dave.pointer@novationcompanies.com.
> Dow Jones Newswires
October 21, 2019 13:47 ET (17:47 GMT)
Great to see you here too! Thank you for posting the news! Today we may see a great volume here. Have a great week!
Exactly, that's what Master Han Schmuck said to me by then.
PS: Forgot to mention something:
TELL YOUR FRIENDS!
Lithium Chile Receives Chilean Environmental Approval To Drill Turi Prospect Commencing Early November
Calgary, Alberta- October 18, 2019 - Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that the Chilean Environmental Impact Assessment Authority (“SEIA”) has approved the Turi exploration drilling program. This approval will allow Lithium Chile to file a Notice of Work with the National Geological and Mining Service, SERNAGEOMIN. The Company anticipates preparatory work for the first hole in their drill program will be initiated the last week of October and their drilling rig will mobilize to Turi during the first week of November.
Turi covers 13,000 hectares (130 square kms) or approximately 95% of the Salar de Turi in the heart of the Chilean side of the lithium triangle. In the spring of 2019, a 5-line TEM geophysical survey of the property identified a large 63+ square kms, 200 – 350+ meter thick, high conductivity anomaly starting approximately 150 meters below surface. Near surface brine samples above the TEM anomaly contain lithium values ranging up to 590 mg/l and moderate to low magnesium to lithium ratios of 7.8.
Surface access was successfully negotiated in early 2019 with the Turi Indigenous Community. With their support and input, an exploration drill program was designed in June of 2019. After an extensive period of studies, report preparation and exhaustive revision by the SEIA, approval was received October 15th for the Company’s exploration drilling program. In a document issued by the SEIA, it states Lithium Chile was able to identify, recognize, manage and protect the environment. The Companies drilling plans will generate minimal impact that will not harm the local ecosystem and community activities¨. Lithium Chile’s current Turi drilling program is flexible and will be results driven. With access to their Coipasa prospect pending the company wishes to keep all their options open.
Steve Cochrane, President and CEO of Lithium Chile said “We are extremely pleased with the SEIA approval for our proposed Turi exploration program. This is a significant milestone in Lithium Chile’s development as we now have community and regulatory approval for an exploration program on the second of our 15 exploration prospects. I would like to acknowledge our tremendous Community Relations Team and their success in securing local approval for two separate exploration programs”.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 166,950 hectares covering sections of 14 salars and 2 laguna complexes in Chile.
The Company’s common shares are listed on the TSX-V under the symbol "LITH” and on the OTC-QB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via e mail: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca . Chilean contact is Terry Walker, VP Exploration at (011) 562 2455-6473 or via email: twalker@goldenrock.cl
On Behalf of the Board of Directors,
LITHIUM CHILE INC.
Steven Cochrane
President & CEO
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.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, this news release contains forward-looking statements relating to, among other things, management of the Company's views regarding the current and subsequent drilling programs.
You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Profile Image Jeremy Ross
Investor Relations
Lithium Chile Inc
jeremy@lithiumchile.ca
www.lithiumchile.ca
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. Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, this news release contains forward-looking statements relating to, among other things, management of the Company's views regarding the current and subsequent drilling programs. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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Lithium Chile Inc #900 903 8th ave sw Calgary, Alberta T2P0P7 Canada
WOW! Just got something in my Inbox that fits so perfectly! "Nothing happens by chance" being proved day after day. I think everybody here should watch. Any similarity with actual facts is just a coincidence. Starring WANG & WANG... & the third WANG! As well as the puppet SHOES, aka Schmucko.
Book is getting more and more interesting with facts. I already revealed the cover. The back cover is going to be filled with people... probably in cuffs!
Here is the link: THE LAUNDROMAT
Why they don't tell the ticker names? I would love to know.
Wang & Wang LOL
SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
FOR IMMEDIATE RELEASE
2019-216
Washington D.C., Oct. 16, 2019 —
The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits.
The SEC alleges that the traders, who are primarily based in China, manipulated the prices of thousands of thinly traded securities by creating the false appearance of trading interest and activity in those stocks, thereby enabling them to reap illicit profits by artificially boosting or depressing stock prices. For example, according to the SEC's complaint, the traders used multiple accounts to place several small sell orders to drive down a stock’s price before using a different set of accounts to buy larger amounts of the stock at the artificially low prices. After accumulating their position, the traders then flipped the script and placed several small buy orders to push up prices so they could then sell their stock at artificially high prices.
"We allege that defendants engaged in an extensive manipulation scheme and went to great lengths to evade detection, placing trades in over one hundred separate accounts at several different brokerage firms and submitting falsified documents to open new accounts in the names of others," said Joseph G. Sansone, Chief of the SEC's Market Abuse Unit. "Despite their efforts, the SEC staff was able to uncover the connections between these seemingly unrelated accounts and expose the defendants' coordinated pattern of illicit trading."
In a parallel action, the U.S. Attorney's Office for the District of Massachusetts announced criminal charges against two of the traders, Jiali Wang and Xiaosong Wang.
The SEC's complaint filed in federal court in Boston and unsealed today, charges the traders with violating and aiding and abetting violations of the antifraud provisions of the securities laws. In addition to the asset freeze and other emergency relief obtained, the SEC seeks disgorgement of ill-gotten gains plus interest, penalties, and injunctive relief.
The SEC's investigation was conducted by Andrew Palid and Michele T. Perillo of the SEC's Market Abuse Unit in the Boston Regional Office with assistance from John Marino of the Market Abuse Unit, and was supervised by Mr. Sansone. The litigation will be led by Eric Forni of the Boston Regional Office and Mr. Palid. The SEC appreciates the assistance of the U.S. Attorney's Office for the District of Massachusetts, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
I know, right?
But fortunately gambling isn't one of my strengths...
It doesn't look like by the size of the cigar that he's lighting...
Trades today so far are ridiculous:
MM buys 26 million shares at 0.000095 and then makes a paint adjustment to 0.0001 over 100 shares.
And then people think that the joker is on movie theaters... LOL
Pump oil or gas? Or both?
Good morning,
Yes, it's great to see EORZ getting some love. We may expect more. OTC change usually means that name and ticker change are coming soon.
Have a great day!
So much effect in your phrases!
4:20! $4.20!
I'm looking here how to mark a "like" on your post.
$38 bucks is how much I get charged when they decide to do these "evaporations".
That's the same thing the kid logitech said and I told him that he has to improve his mathematics skills... LOL