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79 Resources Ltd. Announces Proposed Share Consolidation

Published

7 months ago

on

(via TheNewswire)

79 Resources Ltd.

Vancouver, British Columbia, April 4, 2024 – 79 Resources Ltd. – CSE:SNR -(“79 Resources” or the “Corporation” or the “Issuer“) announces that it intends to complete a consolidation of the authorized and issued common shares of the Corporation (the “Common Shares”) on the basis of one (1) post-consolidated Common Share for each five (5) pre-consolidation Common Shares (the “Consolidation”).

The Corporation believes that the Consolidation is necessary to improve its corporate flexibility and may also make the Issuer’s listed security and capital structure more attractive to investors. The Corporation will require further funding to remain a going-concern.

The Corporation currently has 102,182,001 Common Shares issued and outstanding, being on a pre-Consolidation basis. Following the Consolidation, the Corporation is expected to have approximately 20,436,400 post-Consolidation Common Shares issued and outstanding.

As publicly filed, the Corporation’s Chairman and Chief Executive Officer, an Insider of the Corporation who is also an approved Control Person (both terms as defined by securities law), currently holds 83,587,000 pre-Consolidation Common Shares, on an aggregated direct and indirect basis. Following the Consolidation, that same Insider is expected to hold approximately 16,717,400 resulting post-Consolidation Common Shares, on an aggregated direct and indirect basis.

The Consolidation of pre-Consolidation Common Shares to post-Consolidation Common Shares does not substantively change the ownership percentage that an existing shareholder has in the Corporation, save exception to fractional Common Shares.

No fractional Common Shares will be issued during or upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number and no cash consideration will be paid in respect of fractional shares.

The record date of the Consolidation is scheduled to be April 12, 2024. The Corporation’s Common Share trading symbol, being “SNR” on the Canadian Securities Exchange, is expected to remain the same. The new CUSIP number for the post-Consolidation Common Shares is expected to be 818075202, and the new ISIN number for the post-Consolidation Common Shares is expected to be CA8180752021.

The Consolidation is subject to the approval of the Issuer’s listed exchange, being the Canadian Securities Exchange (CSE).

To the extent applicable, a letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing pre-Consolidation Common Shares in exchange for post-Consolidation Common Shares issued as a result of the Consolidation. Until surrendered, each certificate representing pre-Consolidation Common Shares will be deemed to represent the number of post-Consolidation Common Shares the holder received as a result of the Consolidation. Shareholders who hold their Common Shares in brokerage accounts or in book-entry (e.g. DRS) form are not required to take any action. In accordance with the Articles of the Corporation, the Consolidation will not require shareholder approval, however as noted above, the Consolidation remains subject to certain regulatory approval.

All outstanding stock options and share purchase warrants of the Corporation will also be adjusted by the Consolidation ratio and the respective exercise prices of outstanding options and share purchase warrants will be adjusted accordingly.

Financing Update

Having regard to the proposed Consolidation, the Corporation has discontinued the private placement previously announced in mid-March (see news release, 79 Resources Ltd. Announces Financing and Provides Corporate Update, dated March 13, 2024).

About 79 Resources Ltd. – CSE:SNR

79 Resources is a Vancouver-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the Corporation seeks to acquire, explore and develop mineral exploration projects. 79 Resources currently holds the Five Point Copper-Gold Project in British Columbia and the North Preston Uranium Project in Saskatchewan. For additional information, please visit www.79resources.com.

The Corporation is subject to various risks and uncertainties, including those risks and uncertainties set out in public filings made by the Corporation, such public filings available through SEDAR+ (www.sedarplus.ca).

On Behalf of the Board of Directors

Ryan Kalt
Chairman & Chief Executive Officer
Email: info@79resources.com
Tel: 604.687.2038

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Canadian securities laws. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,”, “intention” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including but not limited to the matters related to the Consolidation, such as necessary approval by the CSE and more generally the ability of the Corporation to successfully complete the Consolidation and/or specific dates therewith associated. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2024 TheNewswire – All rights reserved.

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$SUIADD Powers the Future of Decentralized Governance with DAO Integration

Published

4 hours ago

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October 19, 2024

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London, United Kingdom, 19th Oct 2024 – SuiAddress is taking decentralized governance to the next level with the introduction of the $SUIADD token, a key component driving the platform’s blockchain-based naming service. $SUIADD not only powers the ecosystem but also enables a community-centric governance framework that allows users to have a direct impact on the platform’s evolution. By integrating decentralized autonomous organization (DAO) principles, SuiAddress is setting a new benchmark for blockchain name services in terms of governance, transparency, and user empowerment.

The $SUIADD governance model ensures that decision-making processes are not confined to a centralized team but are rather driven by the collective voice of the community. With each token representing a share in governance power, $SUIADD holders can actively participate in shaping the future direction of the platform, from protocol upgrades to treasury management.

Core Governance Features of $SUIADD:

• Voting Power for Token Holders: All $SUIADD holders can exercise voting rights proportional to their holdings, enabling them to approve or reject changes to the platform’s core functionalities, fee structures, and technical upgrades. This democratic approach ensures that the interests of the community are prioritized.

• Proposal Creation: Users who actively contribute to the platform can submit proposals for new features, integrations, or modifications. The proposal process is designed to be transparent, with detailed discussions and community feedback encouraged before any decisions are made. This inclusivity fosters an environment where innovative ideas can flourish.

• Treasury Management and Buybacks: Revenue generated from domain registrations, leasing, and other platform services is directed into the treasury. The community can vote on how these funds are allocated, including the option for treasury buybacks to increase the value of $SUIADD tokens. This model not only enhances the token’s utility but also provides financial stability to the platform.

 The Impact of DAO Integration on Blockchain Name Services

By integrating DAO governance, SuiAddress ensures that the platform adapts and evolves according to the community’s needs. This decentralized model empowers users to contribute more than just capital; they contribute to the platform’s direction and future success. As more users engage with the DAO, the system becomes more robust and resilient, capable of scaling alongside the growth of the blockchain naming service sector.

Moreover, the community-driven approach helps in identifying and prioritizing new opportunities. Whether it’s adding support for additional blockchain networks, introducing premium domain services, or developing novel use cases for digital identity management, the $SUIADD-powered DAO allows for continuous improvement and innovation

With the introduction of $SUIADD, SuiAddress not only aims to lead the blockchain name services industry but also to set a precedent for other projects seeking to decentralize governance effectively.

Join the Governance Revolution:

• 🌐 [Website](#)  Website: Suiaddress.com

• 🐦 [X (Twitter)](#)  Twitter: https://x.com/SuiAddress

• 💬 [Telegram](#)  https://t.me/suiaddressofficials

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Press Release

ApeUniverse: Leading the new era of Metaverse shopping and digital equity, opening a new channel for wealth growth

Published

6 hours ago

on

October 19, 2024

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Project overview: ApeUniverse is an innovative ecosystem that integrates the Metaverse, virtual shopping and gaming experience, aiming to redefine consumption, social and entertainment methods. Through the MetaMallverse platform, users can enjoy shopping, socializing and entertainment in a virtual environment, connect virtuality with reality, and participate in the virtual economy.

Core concept:

ApeUniverse’s vision is to break through the limitations of traditional e-commerce and create an immersive shopping and social experience based on the Metaverse. Users can not only explore brand stores and products in the virtual world, but also consume through virtual currency, perfectly integrating shopping, socializing and gamification experiences to create a vibrant virtual economy.

Platform functions:

Virtual mall: Users browse and purchase virtual and physical goods in virtual stores and experience immersive shopping.
Gamification experience: By completing tasks and challenges, users can earn virtual currency to purchase goods or participate in the virtual economy.

NFT and digital equity assets:

The ApeUniverse platform allows users to create, buy, sell and trade NFTs (non-fungible tokens). Each NFT is unique and has an unalterable number to ensure its scarcity and unique value. Unlike other platforms, ApeUniverse’s NFTs not only represent virtual collectibles, but also a symbol of company equity. By purchasing NFTs, each user is actually participating in the company’s equity investment. With the company’s successful listing on the capital market in the future, NFT holders will receive corresponding equity dividends and truly enjoy the economic returns brought by the platform’s growth.

The role of equity:

Users holding ApeUniverse NFTs are equivalent to owning part of the company’s equity. This not only means that users can participate in the operation and development of the platform, but also enjoy equity dividends after the company’s profitability. Each NFT is linked to the company’s actual equity. When the company’s performance improves, the holder will share the company’s profit dividends according to the proportion of shares.

Company dividends and equity recovery:

At ApeUniverse, we not only provide users with innovative virtual experiences, but also give every NFT holder the opportunity to become a shareholder of the company. Through a unique dividend mechanism, users will grow with the company and enjoy a portion of the company’s revenue dividends, truly achieving a win-win situation for the platform and users. With the company’s listing, shareholder equity will increase significantly. The company promises to repurchase users’ NFTs at the equity price after listing, for example: (Currently each NFT is worth 5000 PRK, which may rise to 50000 PRK after listing in the future)

This innovative equity repurchase mechanism not only makes NFT a virtual asset, but also transforms it into a high-return financial instrument. Through dividends and equity appreciation, users are no longer just spectators, but participants who move towards success with the company. ApeUniverse is committed to creating a healthy and prosperous ecosystem, allowing every user to realize asset appreciation through NFT and truly share the company’s brilliant future achievements.

Through this innovative equity model, ApeUniverse will incentivize users to participate in the platform and drive market growth, while providing users with the opportunity to achieve long-term benefits in the virtual economy.

Business Model:

Physical Goods Sales: Users can use the virtual currency won in the game to purchase physical goods, opening up consumption channels between virtual and real.
Advertising and Brand Cooperation: Brands can display advertisements and hold virtual press conferences in ApeUniverse to directly reach target consumers around the world.

NFT Market: 

Users can purchase and trade NFTs, participate in virtual mining, obtain rare assets and promote the economic cycle of the platform.
Technical Architecture ApeUniverse ensures the security of virtual assets through blockchain, and uses AI to provide personalized shopping recommendations to enhance the platform user experience.

Project Vision: 

ApeUniverse is not only committed to becoming the world’s preferred shopping and entertainment platform, but also to providing real financial returns to every NFT holder. The company plans to be listed on Nasdaq in the future. Early users who hold NFTs will become shareholders of the company and enjoy the dividends of platform development, truly achieving the triple benefits of participation, experience and profit.

Media Contact

Organization: ApeUniverse

Contact Person: Emory

Website: http://apeuniverse.top/

Email: Send Email

Country: Pakistan

Release Id: 19102417634

The post ApeUniverse: Leading the new era of Metaverse shopping and digital equity, opening a new channel for wealth growth appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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NFLUglySweater.com Launches Unique Christmas NFL-Themed Sweaters, Kickstarting the Excitement for Upcoming Holidays

Published

6 hours ago

on

October 19, 2024

By

NFL-themed ugly Christmas sweaters are available for every team at NFLUglySweater.com.

NFLUglySweater.com Launches Unique Christmas NFL-Themed Sweaters, Kickstarting the Excitement for Upcoming Holidays

United States, 19th Oct 2024, Grand Newswire – NFLUglySweater.com has announced the arrival of its new collection of NFL-themed Christmas sweaters. Available for all NFL teams in unique designs and affordable prices, these sweaters are perfect holiday gifts for football fans, available to be shipped worldwide.

Every sweater has been carefully crafted as a must-have for football fans, symbolizing their team’s pride and the season’s excitement. Founded in 2021, NFL Ugly Sweater prides itself as a one-stop-shop for NFL-themed ugly Christmas sweaters and as a community of passionate football fans who believe in combining the festive joy of the holiday season with the pride and excitement of the NFL.

“At NFL Ugly Sweater, we’re not just creating apparel; we’re crafting experiences that bring together the excitement of football and the joy of the holiday season.” Caden Winslow, founder and CEO of NFL Ugly Sweater, said, “I would like to thank everyone who has contributed to NFL Ugly Sweater sincerely. Your passion, devotion, and love of football and festive fashion have fueled our success.”

At the core of everything NFL Ugly Sweater does is customer happiness. From prompt, dependable shipping to attentive customer support, the business aims to make every encounter enjoyable. The goal is to consistently push the limits of what is conceivable in celebratory NFL gear while offering things clients adore.

With bright, creative patterns specific to each NFL team, NFL Ugly Sweater has taken the traditional ugly sweater concept to the next level. Some of the unique features of the NFL Ugly Sweater include: 

  • Unique Designs: NFL Ugly Sweater creates something unique by fusing the joyous custom of ugly Christmas sweaters with the audacious nature of NFL clubs. Perfect for Christmas, each sweater features club colors and emblems playfully and enjoyably. The designs, ranging from imaginative takes on team mascots to whimsical holiday themes, will surely draw attention and spark discussions.
  • High-Quality Materials: All sweaters are constructed from superior woven polyester since comfort and longevity are just as crucial as fashion. This provides a long-lasting, plush feel. No matter how often the sweater is worn or cleaned, the vivid, long-lasting colors are guaranteed by the 3D dye-sublimation printing method.
  • Custom-Manufactured Method: Each sweater is manufactured specifically for the buyer. The crew starts designing a unique sweater as soon as an order is placed, reflecting the customer’s team spirit and the joyous atmosphere of the holidays. Thanks to this customized approach, each product is guaranteed to fulfill exacting standards for quality and craftsmanship.

 

NFL Ugly Sweater is dedicated to growing its selection and consistently pushing the limits of fun gear with an NFL theme. The plans include exclusive limited-edition collections, partnerships with well-known companies, and even more fan personalization choices.

In addition to ugly sweaters, a more excellent range of celebratory NFL-themed items, such as clothing and accessories, will be available shortly. The objective is to make the product portfolio exciting, engaging, and full of team spirit, whether developing new tailgate and game day attire or making more family-friendly collections.

Caden Winslow said, “I’m thrilled about the upcoming developments, collaborations, and new designs that we have planned. I sincerely appreciate your participation in the NFL Ugly Sweater family. Let’s make the holidays a little less ugly and much more enjoyable for many more seasons.”

NFLUglySweater.com Launches Unique Christmas NFL-Themed Sweaters, Kickstarting the Excitement for Upcoming Holidays

All football enthusiasts are welcome to check out NFL Ugly Sweater’s distinctive selection and join the expanding community that honors the finest aspects of sport and holiday cheer. NFL Ugly Sweater guarantees an enjoyable, fashionable, and unforgettable experience whether customers buy it for themselves or try to find the ideal holiday present for another fan.

To get started, visit: https://nfluglysweater.com

For inquiries, email support@nfluglysweater.com or call +1 (713) 258-3774.

 

About NFL Ugly Sweater

Caden Winslow, a fervent football fan with a long history in the fashion sector, founded NFL Ugly Sweater in 2021. With a Bachelor of Science in Fashion Business Management from New York’s Fashion Institute of Technology (FIT), Caden turned his academic background into a successful company that delighted NFL fans nationwide.

The philosophy of NFL Ugly Sweater is that football, family, and friends should be the focal points of holiday celebrations. The brand keeps putting its all into each design to ensure that every sweater promotes cohesion, comfort, and inventiveness. They take pride in offering fans the worst (and best) way to enjoy the most fantastic season of the year.

 

Media Contact

Organization: NFL Ugly Sweater

Contact
Person: Caden Winslow, Founder & CEO

Website:

NFL Ugly Sweater | Unique Christmas NFL-Themed Sweater Store

Email:

support@nfluglysweater.com

City: Houston

State: Texas

Country:United States

The post NFLUglySweater.com Launches Unique Christmas NFL-Themed Sweaters, Kickstarting the Excitement for Upcoming Holidays appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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