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BREAKING: Mota Ventures Signs Letter of Intent for Merger with Stillcanna

  • Stillcanna looks to become one of the largest producers of THC-free CBD extracts in Europe
  • Stillcanna's Polish extraction facility, NEXUS, features industrial-scale centrifugal chromatography equipment that allows for the production of bulk THC-free CBD distillate as well as custom Cannabinoid profiles
  • In February 2020, Stillcanna's Romanian extraction facility, ORIGIN, which operates pursuant to a joint venture between Stillcanna and Dragonfly Biosciences Ltd., received approval from the Ministry of Health and the Anti-Drug Agency to become the first government recognized extraction facility in the country
  • To date C$23,000,000 has been invested by Stillcanna in the cultivation and extraction operations,
  • Current cash on hand in Stillcanna of approximately C$7,000,000
  • Stillcanna's CBD extracts are key to unlocking additional value in Mota's retail offerings in Europe
  • Shareholders of Stillcanna would receive one common share of Mota for every 1.8 common shares of Stillcanna held at the time of exchange

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Message: Klondex Mines Q1 Profit Narrows, Sale To Hecla Mining Expected To Close By June 30

 

 
2018-05-03 04:46:35 PM ET (MT Newswires)
   
   

04:46 PM EDT, 05/03/2018 (MT Newswires) -- Klondex Mines (KDX.TO), which has agreed to be acquired by Hecla Mining (HL) for US$462 million, said after market close Thursday its first-quarter loss narrowed on higher gold and silver prices.

The company said it lost US$8.0 million, or US$0.04 per share, compared with a loss of US$10.23 million, or US$0.06, in the first quarter of 2017. Revenue rose 36% to US$56.77 million.

Klondex said it expects Hecla's acquisitions of its U.S. mines to close by the end of June. The company's Canadian assets, including the True North mining complex in Manitoba, are being spun out to shareholders.

Klondex shares closed down $0.02 to $3.14 Thursday on the Toronto Stock Exchange.

Price: 3.14, Change: -0.02, Percent Change: -0.63

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