DENVER, Colo., July 25, 2019- (24/7MarketNews via COMTEX) Venture Market News for July 25, 2019.
Auxly Welcomes $123 Million Investment and R&D Partnership with Imperial Brands
- Imperial Brands to invest approximately $123 million by way of a debenture convertible into 19.9% ownership of Auxly at a conversion price of $0.81 per share
- Auxly granted global licences to Imperial Brands’ vaping technology and intellectual property and access to its vapor innovation business, Nerudia
- Auxly to become Imperial Brands’ exclusive partner for cannabis-related initiatives
- Jointly establish a Commercial Cooperation Group to foster collaboration between the parties
- Ideally timed to benefit from the legalization of cannabis derivative products in Canada later this year
VANCOUVER, British Columbia, July 25, 2019 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) (“Auxly”), an international cannabis company, today announced that Imperial Brands PLC (“Imperial Brands”) will invest approximately $123 million in Auxly by way of a convertible debenture and grant Auxly global licences to Imperial Brands’ vaping technology and access to its vapor innovation business, Nerudia (the “Transaction”).
Reminder: Investor Conference Call Today July 25, 2019 Management to Provide Details on Generex Up-list and 1:1 Stock Dividend
MIRAMAR, Fla., July 25, 2019 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote) today announced the following access information for its investor conference call, to be hosted by President & Chief Executive Officer Joseph Moscato, and his management team today, July 25, 2019 at 4:00 PM Eastern time:
Namaste Technologies Announces Settlement Agreement in Class Action Lawsuit
TORONTO, July 25, 2019 /CNW/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced that it has reached settlements, in principle, of the securities class actions that were commenced against it in Canada and the US in 2018. $2.15 million US will be paid to settle all claims in the Canadian action and $2.75 million US will be paid to settle all claims in the US action. Namaste’s contribution to the settlement amounts, which are principally being funded by Namaste’s insurance, will be less than $500,000 US. The settlements are made without any admission or finding of liability and are subject to court approval.
K92 Mining Closes US$15 Million Loan and Offtake Agreement With Trafigura
- Loan Agreement for US $15 million for expansion of the Kainantu Gold Mine.
- Offtake Agreement for 100% production of copper/gold flotation concentrate at competitive terms.
- Agreements with Trafigura, offtake partner since start of K92 operations at Kainantu.
VANCOUVER, British Columbia, July 25, 2019 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is pleased to announce that, further to its news release dated July 2, 2019, K92 has received the US $15 million loan (the “Loan”) from Trafigura Pte Ltd. (“Trafigura”), a market leader in the global commodities industry, pursuant to a loan agreement.
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