VANCOUVER, BC, Jan. 22, 2021 /CNW/ - Electric Royalties Ltd. (TSXV: ELEC) ("Electric Royalties" or the "Company") is pleased to provide an asset update on its current royalty portfolio including the Financial Investment Review Board Approval for the acquisition of three previously announced cobalt
HOUSTON, Dec. 18, 2020 /PRNewswire/ -- Attorney George Farah was recently selected as a member of the Fellows of the Texas Bar Foundation, a designation granted to only one-third of 1% of lawyers practicing in the state of Texas each year. Fellows are elected for their outstanding professional achievements in their field of law as well as for exhibiting their dedication to improving the local justice system.
Hut 8 Finalizes $11.8 Million Equipment Financing Loan from DCG-subsidiary Foundry
Hut 8 will use the loan to purchase 5,400 units of MicroBT's latest generation machines, increasing its capacity for bitcoin mining by 475 PH/s of computing power TORONTO, Jan. 22, 2021 /CNW/ - Hut 8 Mining Corp. (TSX: HUT) announced today that it has finalized an equipment financing loan of US$11.8 million from Rochester-based Foundry Digital LLC, a wholly-owned subsidiary of Digital Currency Group (DCG). Hut 8 will use all proceeds from this loan and provide a USD$2.9 million deposit to order 5,400 units of Whatsminer M30S bitcoin mining machines from MicroBT, adding 475 petahashes per second (PH/s) to its bitcoin mining capacity over the next six months. The equipment financing will be a 12 month term with an annual interest rate of 16.5%.The first batch of machines is scheduled to be running before the end of January. Bitcoin mining industry revenue is at historic highs, in part due to the recent appreciation of Bitcoin's value. As a result, the demand for bitcoin mining hardware has soared, creating lead times for bulk orders as long as 8 months with manufacturers requiring down payments ranging from 50-100% of the order price. Foreseeing this problem, Foundry partnered last year with MicroBT, a top manufacturer of cryptocurrency mining hardware, to secure future access to the latest generation bitcoin mining hardware for its institutional customers in North America. The loan agreement assures Hut 8 timely delivery of the machines through Foundry's partnership with MicroBT. "On behalf of the Hut 8 team, we are thrilled to be partnering with Foundry, the leading provider of equipment financing for institutional mining companies." said Jaime Leverton, CEO, Hut 8. "This partnership builds on Hut 8's ongoing commitment to shareholders by mitigating supply constraints and reducing our capital expenditure with a proactive fleet management strategy to achieve a balanced portfolio of both new, cutting-edge equipment and highly profitable prior generation equipment." "We are delighted to be of service to publicly-listed North American companies such as Hut 8, that are working transparently to grow Bitcoin's hashrate in North America, which is also a part of our mission to decentralize Bitcoin's hashrate worldwide," said Mike Colyer, CEO of Foundry. About Foundry Digital LLC: A subsidiary of DCG, Foundry Digital LLC is a financing and advisory company focused on digital asset mining and staking. With the mission of empowering decentralized infrastructure for a digital world, Foundry provides North American digital asset mining businesses with capital and intelligence. Foundry is based in Rochester, NY. For more information, please visit About Hut 8: Hut 8 is a bitcoin mining company with industrial scale operations in Canada. Hut 8 creates value for investors through low production costs and appreciation of its bitcoin inventory. The company provides investors with direct exposure to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. Investors avoid the need to create online wallets, wire money offshore, and safely store their bitcoin. The Company's common shares are listed under the symbol "HUT" on the TSX and as "HUTMF" on the OTCQX Exchange. Key investment highlights and FAQ's: Keep up-to-date on Hut 8 events and developments and join our online communities at Facebook, Twitter, Instagram and LinkedIn. SOURCE Hut 8 Mining Corp
WINNIPEG, MB, Jan. 20, 2021 /CNW/ - The pandemic has changed the way that Canadians live and work – and presented a unique opportunity to re-evaluate financial goals and plans – whether related to their retirement, or as part of their overall financial picture.
TORONTO, Jan. 20, 2021 /CNW/ - REALPAC and its member organizations are pleased to announce an industry initiative to support the national vaccination rollout, through providing governments and health networks across Canada with the free use of vacant commercial space (such as retail space in
Bullfrog Confirms Date of Name Change and Share Consolidation; Further Strengthens Its Board
VANCOUVER, BC, Jan. 20, 2021 /CNW/ - Bullfrog Gold Corp. (OTCQB: BFG) (CSE: BFG) (FSE: 11B) ("Bullfrog" or the "Company") today confirms that its shares will begin trading under the name "Augusta Gold Corp.," on a post-consolidated basis of one (1) new share for every six (6) old shares at open of market on January 25, 2021 (the trading day immediately preceding the effective date). The Company's trading symbol on the Canadian Securities Exchange will be changed to "G". Mr. Len Boggio has also been appointed to the Company's Board of Directors effective immediately.  Maryse Belanger, President and CEO commented: "I am pleased that Len has agreed to join our Board, he is a very seasoned finance professional with extensive experience at the board level.  His experience in financial reporting and auditing, public finance offerings and mergers and acquisitions will be beneficial to all shareholders as we advance the Bullfrog Gold project in Nevada."   Mr. Boggio was formerly a partner of PricewaterhouseCoopers LLP (PwC) where he served for more than 30 years until his retirement in May 2012. During that time, he was Leader of the B.C. Mining Group of PwC, a senior member of PwC's Global Mining Industry Practice and an auditor of Canadian, U.S. U.K. and other internationally-listed mineral resource and energy clients. Mr. Boggio is a Fellow of the Chartered Professional Accountants of Canada (FCPA, FCA) and has served as president of the British Columbia Institute of Chartered Accountants and chairman of the Canadian Institute of Chartered Accountants. Additional information on the share consolidation can be found in the Company's news release dated January 7, 2021 and in the definitive information statement filed by the Company with the U.S. Securities and Exchange Commission and on SEDAR. Stockholders who have existing stock certificates will receive written instructions by mail from the Company's transfer agent. Stockholders who hold their shares in brokerage accounts are not required to take any action to affect the exchange of their shares. About Bullfrog Gold Corp. Bullfrog Gold is a rapidly growing exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Bullfrog Gold Project and pursing accretive M&A opportunities.  The Bullfrog Gold Project is located in the prolific Bullfrog district approximately 120 miles north-west of Las Vegas, Nevada and 4 miles west of Beatty, Nevada. The Company controls 6,750 acres of mineral rights including the Bullfrog and Montgomery-Shoshone deposits and has further identified significant additional mineralization around the existing pits and defined several exploration targets that could further enhance the Project.  The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value. For more information please visit Forward Looking Statements Certain statements and information contained in this new release constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). These statements include the date that the Company's consolidation, name change and symbol change will become effective; the date that the Company's common shares will begin trading on a post-consolidation under its new name and symbol; and that Mr. Boggio's experience will be beneficial to all shareholders as we advance the Bullfrog Gold project in Nevada. Such forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release words such as "will" and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators. These forward-looking statements are based largely on current expectations and projections about future events and financial trends affecting the financial condition of our business. These forward-looking statements were derived using numerous assumptions. While the company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect.  Forward-looking statements are based on information available at the time those statements are made and/or management's and/or its qualified persons' good faith belief as of that time with respect to future events, and are subject to information currently available, they may prove to be incorrect. Forward-looking statements are based on information available at the time those statements are made and/or management's and/or its qualified persons' good faith belief as of that time with respect to future events, and are subject to known and unknown risks and uncertainties outlined in the Company's corporate disclosure and other documents filed on and, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward- looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. View original content to download multimedia: SOURCE Bullfrog Gold Corp.
Strengthens Board representation in key francophone market The Board now comprised of eight directors (including two female directors), six of whom are independent TORONTO, Jan. 21, 2021 /CNW/ - RF Capital Group Inc. ("RF Capital" or the "Company") (TSX: RCG) today announced that Nathalie Berni
TORONTO, Jan. 21, 2021 /CNW/ - Ontario's doctors called on Premier Doug Ford today to take urgent action to end the growing health and humanitarian crisis in the province's long-term care homes.
Janie C. Béïque will become the first woman to be the Fonds' President and CEO MONTRÉAL, Jan. 21, 2021 /CNW Telbec/ - After serving for almost seven years as President and CEO of the Fonds de solidarité FTQ, Gaétan Morin announced today his intention to retire on March 31.
NeoPollard Interactive and New Hampshire Lottery Prevail Against U.S. Government Appeal in iLottery Case
LANSING, Mich., Jan. 22, 2021 /CNW/ - NeoPollard Interactive LLC ("NeoPollard Interactive" or "NPi"), jointly owned by Pollard Banknote Limited ("Pollard Banknote") (TSX: PBL) and NeoGames S.A. (Nasdaq: NGMS), is thrilled with the decision rendered by the First Circuit of the U.S. Court of Appeals on January 20, 2021 that unequivocally reconfirmed that the federal Wire Act is limited to sports betting and, therefore, does not pertain to state-run lotteries. This decision confirms the ruling of the U.S. District Court for the District of New Hampshire in 2019 that was appealed by the U.S. Federal Department of Justice. Overall, this decision is important for the U.S. lottery industry as a whole by alleviating concerns related to the legality of traditional retail or online lottery sales (also known as "iLottery") which rely on the transmission of lottery data over the Internet.   The Wire Act subjects to criminal liability any person who "knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers." In 2011, the Department of Justice's Office of Legal Counsel ("OLC") concluded that the Wire Act only applied to sports betting. Following that opinion, many lotteries began to offer non-sports gaming products over the Internet, reasonably relying on the OLC's conclusions that their activities were lawful. In January 2019, the OLC reversed that prior decision and released a new opinion concluding that the Wire Act extended beyond the sports-betting context to criminalize interstate transmissions of all bets or wagers—thereby overturning the conclusions of the 2011 opinion and threatening to shut down the burgeoning iLottery industry. Working alongside the New Hampshire Lottery Commission ("New Hampshire Lottery"), NeoPollard Interactive and Pollard Banknote, the New Hampshire Lottery's iLottery providers, immediately sought a declaratory judgment in federal court that the OLC's new Wire Act interpretation was based on an incorrect reading of the statute. In June 2019, the U.S. District Court for the District of New Hampshire confirmed that the federal Wire Act applies only to sports-betting activities. The OLC appealed that decision. In this latest judgement, the First Circuit affirmed the District Court's June 2019 decision thus restoring the 2011 interpretation that limited the Wire Act to sports betting. By upholding the 2011 interpretation that the Wire Act applies only to bets or wagers on a sporting event or contest, this ruling safeguards the New Hampshire Lottery, NeoPollard Interactive and Pollard Banknote, specifically, and all other iLottery operators, generally, from the threat of unlawful prosecution.   In addition, and equally importantly for other state lotteries, any concerns about the pooling of bets or the transmission of wagers in connection with national and regional multi-state games such as Powerball® and Mega Millions, whether through traditional retail or online channels, have been completely eliminated. "We are very happy with the recent judgement confirming, yet again, the 2011 interpretation of the Wire Act," said Liz Siver, General Manager, NeoPollard Interactive. "This is a great success for the Lottery industry generally, and iLottery specifically, as it ensures that the sale of both iLottery games and national and regional multi-state games can continue to be strong contributors to lottery sales and the good causes that U.S. lotteries support. In terms of iLottery, we know first-hand the positive effect that these operations have had, not only on state resources, but on player experience as well. The current worldwide pandemic has amplified the importance of this new channel. We look forward to continuing to provide state-of-the-art iLottery products and strategies to lotteries with an increasing array of products within the digital landscape." About NeoPollard Interactive Born in the digital domain, NeoPollard Interactive LLC ("NPi") is an award-winning supplier of best-in-class iLottery solutions to the North American lottery market. Serving the largest share of U.S. lotteries that currently sell online, NPi helped pioneer the successful introduction of iLottery in the U.S. and, is North America's proven partner of choice to enable regulated lotteries to design and deploy complex gaming solutions in support of generating incremental revenue for good causes through the online channel. NPi offers cutting-edge technology, a full suite of managed services, and the industry's top performing game content, as part of its innovative and comprehensive approach to partnering for iLottery success. Jointly owned by Pollard Banknote Limited (TSX: PBL) and NeoGames S.A.(Nasdaq: NGMS)—both globally recognized industry leaders—NPi powers the most profitable iLottery programs. Visit us at About Pollard Banknote Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, Schafer Systems and Fastrak retail merchandising solutions, and a full suite of digital offerings, ranging from world-class mkodo game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also provides pull-tab tickets, bingo paper, and its Diamond Game and Oasis-branded electronic ticket machines to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 66.7% by the Pollard family and 33.3% by public shareholders, and is publicly traded on the TSX (PBL). For more information, please visit our website at . About NeoGames NeoGames (Nasdaq: NGMS) is a technology-driven innovator and a global provider of iLottery solutions for national and state-regulated lotteries. NeoGames' full-service solution combines proprietary technology platforms with the experience and expertise required for successful iLottery operations. NeoGames' pioneering game studio encompasses an extensive portfolio of engaging online lottery games that deliver an entertaining player experience. As a trusted partner to lotteries worldwide, the company works with its customers to maximize their success, offering a comprehensive solution that empowers them to deliver enjoyable and profitable iLottery programs to their players, generate more revenue, and direct proceeds to good causes. For more information visit Forward-looking Statements Certain statements in this press release may constitute "forward-looking" statements and information, which involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. When used in this document, such statements include such words as "may," "will," "expect," "believe," "plan," and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this document. There should not be an expectation that such information will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future events, or otherwise. SOURCE NeoPollard Interactive