Aurcana Announces Previously Announced Non-Brokered Private Placement Oversubscribed and Increased to C$12,245,700 First Tranche Closed for C$10,894,000

Aurcana Announces Previously Announced Non-Brokered Private Placement Oversubscribed and Increased to C$12,245,700 First Tranche Closed for C$10,894,000

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 20, 2020 (GLOBE NEWSWIRE) –… Why one fund manager is optimistic with the bulk of earnings still on tap. This is day 5 of the 2 day meeting.
Yes, not a typo.
Latest info is a deal is imminent …. from 5 hours ago or whatever it was!
What’s your favourite M&M?
By Eamonn Sheridan Jul 20, 2020 (Market Insight Reports) —
Ultraviolet (UV) Lamps Market delivers a succinct analysis on industry size, regional growth and revenue forecasts… Britney Spears’ former mansion in Bev Hills is back on the market, but the price got slashed. Key Companies Covered in Bioenergy Market Research Report Are Enexor Energy (U.S.), Lignetics (U.S.), Green Plains Inc. (U.S.), Enviva (U.S.), Enerkem (Canada), POET (U.S.), Drax Group (U.S.), Pacific BioEnergy Corp (Canada), EnviTec Biogas AG (Germany), MVV Energie AG (Germany), Ameresco, Inc.


VANCOUVER, British Columbia, July 20, 2020 (GLOBE NEWSWIRE) — AURCANA CORPORATION (“Aurcana” or the “Company”) (TSXV: AUN) is pleased to announce the previously announced (July 14, 2020) private placement offering (the “Private Placement”) of Units (as defined below) is oversubscribed and, subject to TSX.V approval, increased to 24,491,400 Units with gross proceeds of C$12,245,700. Aurcana closed on the sale of 21,789,400 Units in the first tranche of the Private Placement (the “First Closing”) for gross proceeds of C$10,894,000.  Palisades Goldcorp Ltd, on behalf of itself and a syndicate of strategic investors completed a lead order of $2.0 million. This lead order is Palisades Goldcorp’s third participation as an Aurcana lead order since February 2020. The second and final closing is expected shortly.

Each Unit is priced at C$0.50 and consists of one common share of the Company and one full common share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of C$0.75 for a period of 36 months following the closing of the Private Placement, subject to adjustment upon certain customary events.

The Company intends to use net proceeds of the Private Placement to continue to execute the Company’s corporate vision, previously announced on June 19, 2019 and posted on its website, which is primarily focused on advancing its wholly-owned Revenue-Virginius Silver Mine located in Ouray, Colorado, as well as for working capital and general and administrative expenses.  In addition to supporting the ongoing underground development in the Virginius North area of the mine the net proceeds are expected to be targeted toward placing orders for long lead time equipment and completing the rehabilitation of the emergency escapeway to remove these items from the critical path of the restart schedule, each of which will also directly reduce future capital requirements to complete the restart.

For the First Closing, the Company paid an aggregate of C$485,520 in finder’s fees and issued an aggregate of 971,040 agent’s warrants, (“Agent’s Warrants”) with each Agent’s Warrant entitling the holder thereof to purchase one Common Share at a price of C$0.50 for a period of 36 months from the date of issuance.

The Common Shares and the Warrants (and any Common Shares issued pursuant to the Warrants, as applicable) issued in the First Closing are subject to a statutory hold period expiring on November 21, 2020.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.


Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US.  The primary mineral resource at Shafter and Revenue-Virginius is silver.  Both are fully permitted for production.

About Palisades Goldcorp

Palisades Goldcorp is Canada’s new resource focused merchant bank. Palisades’ management team has a demonstrated track record of making money and is backed by many of the industry’s most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.


“Kevin Drover”
President & CEO

For further information, visit the website at or contact:

Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224


This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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.

VANCOUVER, British Columbia, CANADA


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Author: Aurcana Corporation

The stock market is positioned to rally if it can clear this low bar, fund manager argues

The stock market is positioned to rally if it can clear this low bar, fund manager argues

It is still the beginning of earnings season.

Put another way — that is a pretty low bar. And that is why one fund manager is optimistic.

Salman Baig, multiasset investment manager at Swiss fund manager Unigestion, points out that during the first quarter, 65% of companies beat analyst estimates. While that sounds good, that is actually the worst percentage since 2009 and lower than the typical 75%.

“If this quarter’s results turn out to be a reversal from last quarter, where analysts overestimate the impact of lockdowns and many firms beat expectations, we could see a reversal of the market reaction as well, with beats rewarded more strongly than misses are punished,” Baig says in a note to clients.

After all, he points out, that is what happened in Europe in the first quarter, where analyst expectations were low after the region was hit by the coronavirus pandemic earlier than the U.S. In Europe, companies beating their estimates in the first quarter saw a median return of nearly 2% relative to the market, while firms that missed saw a median return of just -0.5% relative to the market; in the U.S., beats only outperformed by 0.8% while misses were punished by 2.5%.

“A confirmation in micro data of the recovery on display in the macro data could lead to a positive shift in investor sentiment. With investor exposure to equities still low and massive money market reserves, such a shift would provide a significant boost to equity prices (and risky assets more broadly) and suggest that investors may finally be buying the economic recovery,” he says.

The buzz

The number of new U.S. coronavirus cases and positive test rates fell slightly on Monday, according to data from the COVID-19 tracking project.

European leaders reached agreement on a €750 billion fund, which will contain €390 billion of grants aimed at the countries hit hardest by coronavirus.

Negotiations, meanwhile, continue for a new U.S. stimulus plan, which Treasury Secretary Steven Mnuchin said would be at least $1 trillion.

A Republican senator, John Kennedy, said on Monday he would support Federal Reserve Board nominee Judy Shelton in a Senate Banking Committee committee vote, likely clearing the way to a floor vote soon. Fellow nominee Christopher Waller is expected to easily win support.

The market

The chart

Traditional measures of market enthusiasm like the American Association of Individual Investors sentiment gauge don’t seem that bullish. Yet the 10-day equity-only put/call ratio is at its lowest level since 2000. “We always place more weight on real-money indicators as opposed to surveys, because people often say one thing but do another,” says Jason Goepfert of the SentimenTrader blog.

Random reads

Grocer Trader Joe’s is to change the branding of some foods after an online petition calls it racist.

Oops — scientists accidentally created a new fish.

Will the Earth’s magnetic poles switch? Here’s what a new study finds.


Author: Steve Goldstein

The EU leaders meeting on the recovery fund has recommenced (again)

The EU leaders meeting on the recovery fund has recommenced (again)

All the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.

Founded in 2008, is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders daily. blog posts feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials. Find out how to take advantage of swings in global foreign exchange markets and see our real-time forex news analysis and reactions to central bank news, economic indicators and world events.


Europe Ultraviolet (UV) Lamps Market Top Companies, CAGR Status, Size, Growth Factors Details for Business Development and Forecast to 2025

Europe Ultraviolet (UV) Lamps Market Top Companies, CAGR Status, Size, Growth Factors Details for Business Development and Forecast to 2025

In global market, the following companies are covered: GE Lighting, Lit Technology, Heraeus Noblelight, Sentry Ultraviolet, Ushio, American Air & Water, Dust Free, Halma, Atlantic Ultraviolet, HYDROTEC, Heraeus Holding, Xylem, Philips Lighting, Trojan Technologies, Light Sources

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UV lamps are basic lamps that emit ultraviolet radiation with a wavelength ranging between 400 nm and 100nm. The global UV lamps market is anticipated to register a double-digit CAGR during the forecast period. Growth of the global UV lamps market is mainly driven by increasing industrial development and stringent government regulations. Moreover, trends in the global UV lamps market include increasing adoption of UV systems in the healthcare sector and the food and beverages industries.

This report studies the global market size of Ultraviolet Lamp, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).

This study presents the Ultraviolet Lamp production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

Market Segment by Product Type
UV Mercury Lamp, UV LED

Market Segment by Application
UV Curing, Water and Air Purification, Tanning, Analytical Instruments, Medical Phototherapy

Key Regions split in this report: breakdown data for each region.
United States, China, European Union, Rest of World (Japan, Korea, India and Southeast Asia)

APAC accounted for the major shares of the UV lamp market during 2017. Owing to the high demand for UV curing equipment and technology in the region, the region is expected to continue its market dominance in the coming years as well. In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Ultraviolet Lamp.

The study objectives are:

To analyze and research the Ultraviolet Lamp status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Ultraviolet Lamp manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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About us: Brandessence Market Research and Consulting Pvt. Ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals, and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations, and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

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Britney Spears' Drama Mansion Hits Market at Major Price Drop

Britney Spears’ Drama Mansion Hits Market at Major Price Drop

Britney Spears’ old digs — the home that served as the backdrop when the singer went into free fall, shaved her head and ended up being involuntarily committed — is back on the market, and anyone who still has millions of bucks can now get it for a steal.

The pop singer’s former Beverly Hills mansion — where she lived after her divorce from Kevin Federline until 2012 — is up for grabs for $6.8 million … a pretty significant reduction from $9 mil when it was put up for sale in 2018.

The 7,500-sq.-ft Italian villa-esque home comes with 6 bedrooms and 6.5 baths, but it’s mostly known for its fortress-like qualities … making it a draw for celebs and other rich folks looking to live in one of the top gated communities in L.A.

The property’s described at “virtually paparazzi-proof” by “Million Dollar Listing” star Matt Altman. It’s listed by him and his bro, Josh.

Of course, with all the security comes a LOT of luxury and frills … including a home theater, a chef’s kitchen with a breakfast nook, a massive master bedroom with a balcony, high ceilings and an open floor plan.

The outside boasts a saltwater swimming pool, an in-ground jacuzzi, firepit and entertaining area … along with a detached guest house for any Kato Kaelin types.

As for Britney … she now lives north of L.A., where she’s become a social media star lately for her workout and dance vids.


Bioenergy Market to Hit USD 642.71 Billion by 2027; Growing Need to Replace Fossil Fuels with Renewable Energy Sources Worldwide to Fuel Market Expansion: Fortune Business Insights™

Bioenergy Market to Hit USD 642.71 Billion by 2027; Growing Need to Replace Fossil Fuels with Renewable Energy Sources Worldwide to Fuel Market Expansion: Fortune Business Insights™

Pune, July 20, 2020 (GLOBE NEWSWIRE) — The global bioenergy market size is projected to reach USD 642.71 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. Deepening commitment to the 2015 Paris Climate Change Agreement will be a critical factor augmenting the growth of this market, shares Fortune Business Insights™ in its report, titled “Bioenergy Market Size, Share & COVID-19 Impact Analysis By Product Type (Solid Biomass, Liquid Biofuel, Biogas, and Others), By Feedstock (Agricultural Waste, Wood and Woody Biomass, Solid Waste and Others), By Application (Power Generation, Heat Generation, Transportation, and Others), and Regional Forecast, 2020-2027”.

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The Paris Agreement was a landmark moment in the fight against climate change as it contained actionable commitments by the top emission countries. These commitments were focused towards mitigating the extreme effects of climate change by reducing greenhouse gas (GHG) emissions and curbing global temperature increase below 2 degrees Celsius above pre-industrial levels. Currently, 197 countries, with the exception of Russia, Iran, and Turkey, have signed the agreement. In the quest to control emissions, countries are actively switching to bioenergy sources such as biomass and biofuels to meet their electricity requirements, since these sources can supply electricity to all end-use industries. Thus, expanding participation in the Paris Agreement will bode well for this market.

The emergence of the COVID-19 pandemic has shattered the manufacturing processes of several companies worldwide. However, some of them have commenced these processes by keeping in mind the stringent norms, such as social distancing and low workforce. Our specially developed research reports would help you in overcoming the losses of your business by choosing the right strategy apt for the current situation.

To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit:

According to the report, the global market value stood at USD 344.90 billion in 2019. The report also shares the following:

  • Exhaustive examination of the key market drivers, trends, and restraints;
  • Accurate forecasting of upcoming market opportunities;
  • In-depth study of all market segments;
  • Comprehensive evaluation of the regional dynamics; and
  • Careful profiling and thorough research of the top market players and their strategies.

Market Driver

Rapid Depletion of Fossil Fuels to Accelerate the Bioenergy Market Growth

The world overly dependent on fossil fuels to satisfy its energy demands. For example, in the US, fossil fuels accounted for 81.5% of the total energy consumption. Excessive reliance on exhaustible energy sources is causing their depletion rate to overtake their replenishment rate. The US Energy Information Administration (EIA) estimates that the current global stock of crude oil will be adequate to meet world’s oil demand till 2050. A report published by the Millennium Alliance for Humanity and the Biosphere (MAHB) states that coal will run out in 70 years, gas will be over in 40 years, and oil will be gone in the next 30 years. These stark projections are reinforcing the need for the global society to develop and actively embrace bioenergy sources and reduce dependence on conventional energy.

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Regional Insights

Concerted Efforts to Reduce Carbon Emissions to Boost the Market in Asia Pacific

Booming economies of Asia Pacific, mainly India and China, who are also two of the largest emitters in the world, are taking decisive policy measures to curb emissions. In developed economies such as Japan, use of wood as biofuel is rising, increasing bio energy consumption in the region. These factors enabled Asia Pacific to create a market for bio energy with a size of USD 96.76 billion in 2019.

Countries in the European Union (EU) are actively adopting bio-energy as these energy sources are expected to speed up the EU’s shift towards renewables in the coming decade. North America, being one of the largest producers of liquid biofuels, is steadily fastening its hold on the bioenergy market share backed by significant increases in ethanol production in the US. 

Competitive Landscape

Widening Geographic Presence of Companies to Characterize Market Competition

With strengthening global commitment towards bio-based energy, key players in this market are exploring new avenues to expand their regional and global presence. Companies are also taking advantage of incentives offered governments for renewable energy projects to consolidate their position in the market.

Industry Developments:

  • April 2020: Ductor, the Finnish-Swiss bioenergy company, announced the building of three biofertilizer-biogas plants in Poland’s Zachodniopomorskie region. Using poultry waste, the plants will produce renewable energy and organic nitrogen fertilizer, enhancing Poland’s shift towards circular economy.
  • February 2020: San Francisco-based Brightmark expanded its dairy biogas project in Western New York under its “Yellowjacket” project. Partnering with six farms, the company will extract methane from dairy manure every day and produce renewable natural gas.

List of the Leading Companies Covered in the Bioenergy Market Research Report are:

  • Enexor Energy (U.S.)
  • Lignetics (U.S.)
  • Green Plains Inc. (U.S.)
  • Enviva (U.S.)
  • Enerkem (Canada)
  • POET (U.S.)
  • Drax Group (U.S.)
  • Pacific BioEnergy Corp (Canada)
  • EnviTec Biogas AG (Germany)
  • MVV Energie AG (Germany)
  • Ameresco, Inc. (U.S.)
  • ADM (U.S.)

Quick Buy:

Detailed Table of Content

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Key Insights
      • Key Emerging Trends – For Major Countries
      • Latest Technological Advancement
      • Regulatory Landscape
      • Industry SWOT Analysis
      • Porters Five Forces Analysis
      • Qualitative Analysis – Impact of COVID-19
        • Impact of COVID-19 on the Bioenergy Market
        • Steps Taken by the Government to Overcome the Impact
        • Key Developments in the Industry in Response to COVID-19
        • Potential Opportunities and Challenges due to COVID-19 Outbreak
        • Global Bioenergy Market Analysis (USD Billion), Insights and Forecast, 2016-2027
          • Key Findings / Summary
          • Market Analysis, Insights and Forecast – By Product Type
            • Solid Biomass
            • Liquid Biofuels
            • Biogas
            • Others
            • Market Analysis, Insights and Forecast – By Feedstock
              • Agricultural Waste
              • Wood and Woody Biomass
              • Solid Waste
              • Others
              • Market Analysis, Insights and Forecast – By Application
                • Power Generation
                • Heat Generation
                • Transportation
                • Others
                • Market Analysis, Insights and Forecast – By Region
                  • North America
                  • Europe
                  • Asia Pacific
                  • Middle East & Africa
                  • Latin America
                  • TOC Continued…!!!

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                    Have a Look at Related Research Insights:

                    Biogas Market Size, Share and Industry Analysis By Feedstock (Organic Residues & Waste, Energy Crops), By Application (Heating, Electricity, CHP, Others) And Regional Forecast 2019-2026

                    Bioethanol Market Size, Share and Global Trend By Feedstock (Starch-Based, Sugar-Based, Cellulose Based, Others), By Application (Transportation Fuel, Power Generation, Cosmetic, Pharmaceutical, Chemical, Others) and Geography Forecast till 2026

                    Bio-methane Market Size, Share and Global Trend By Source (Agricultural waste, Municipal solid waste, Animal manure, Sewage sludge, Food waste), By Application (Automobile, Power Generation), By Technology (Fermentation, Gasification) and By Geography Forecast till 2026

                    About Us:

                    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

                    Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

                    At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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                    Author: Fortune Business Insights

                    Aurcana Announces Previously Announced Non-Brokered Private Placement Oversubscribed and Increased to C$12,245,700 First Tranche Closed for C$10,894,000

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