Tag: Announces

Province announces $3.4M+ in local business development funds

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Province announces .4M+ in local business development funds

Northern Development minister made several funding announcements during a visit to Greater Sudbury on April 15

Northern Development Minister Greg Rickford announced more than $3.4 million in business development funding during a visit to Sudbury on April 15. 

The funds flow from the Northern Ontario Heritage Fund Corporation (NOHFC), which Rickford chairs.

The PC minister spent the day touring six expanding local businesses with other members of the NOHFC board of directors.

Rickford also used the occasion to announce that the NOHFC is holding its first board of directors meeting in a First Nations community on April 16, as the board will be meeting at Atikameksheng Anishnawbek near Naughton, west of Sudbury. 

Rickford said the NOHFC fund has provided money for the following business expansion projects:

  • $1 million for Walden Welding and Mechanical Inc. – a custom welding and millwright mechanical services company – to build a new facility and purchase equipment;
  • $897,728 for Equipment North Inc. – a supplier, manufacturer and servicer of heavy industrial equipment – to construct an additional workshop and purchase equipment;
  • $781,368 for Morin Industrial Coatings Ltd. – an industrial surface treatments services company – to construct an additional workshop and purchase equipment;
  • $376,991 for Fuller Industrial Corp. – a designer, supplier and servicer of engineered piping systems – to purchase equipment
  • $303,356 for Skyline Helicopter Technologies – an aircraft repair and services company – to renovate its existing hangar and build an extension onto it, construct a new helipad and purchase avionics equipment;
  • $132,874 for Memory Gardens Pet Crematorium Inc. – a pet cremation services provider – to build a new facility and purchase equipment.

Rickford said in each case, NOHFC provided up to 50-per-cent funding with each expanding business required to invest in the business as well.

“They demonstrate how our investments

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RespireRx Pharmaceuticals Inc. Announces Agreement with

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RespireRx Pharmaceuticals Inc. Announces Agreement with

Glen Rock, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) — RespireRx Pharmaceuticals Inc. (OTC Pink Market: RSPI) (“RespireRx” or the “Company”), a biopharmaceutical company focused on the discovery and development of innovative and revolutionary treatments to combat diseases caused by disruption of neuronal signaling, is pleased to announce that, on December 6, 2023, it has entered into an agreement with Ponto Ventures LLC providing for Will Clodfelter to serve as RespireRx’s Senior Vice President of Business Development on a part-time basis.

Mr. Clodfelter will initially lead the business development efforts with respect to dronabinol, the lead asset of ResolutionRx Ltd, a wholly-owned Australian subsidiary of the Company. Mr. Clodfelter will collaborate with Jeff Eliot Margolis, the Company’s Senior Vice President, Chief Financial Officer, Treasurer and Secretary in driving these efforts.

Mr. Clodfelter has extensive experience providing business development, strategy, and valuation consulting services to pharmaceutical, biotech and medical device companies, where he has led or been a core member on over 30 international and domestic pharmaceutical licensing and device negotiations ranging from preclinical to launched products. This experience extends across large pharmaceutical, biotechnology and medical device companies. He previously held positions at Eli Lilly and Co. in Corporate Strategy and Business Development. He was at Amylin Pharmaceuticals in New Product Planning and Decision Sciences and was involved in multiple business development activities. Following Amylin, Mr. Clodfelter was the Chief Executive Officer of Medicus Biosciences and Abvance Therapeutics, both biotechnology firms based in California.

“I am very excited about working with Will,” said Jeff Margolis, the Company’s Senior Vice President, Chief Financial Officer, Treasurer and Secretary. “His involvement adds considerable depth and experience to our financial and business activities being conducted to set up our programs for investment, partnering or sale. While his initial efforts will focus on the ResolutionRx dronabinol program,

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Commerce Announces Grant Opportunities for Tribal Business Development | News

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Commerce Announces Grant Opportunities for Tribal Business Development | News

$840,000 of funding obtainable to bolster Indigenous entrepreneurship in Montana

HELENA — The Montana Section of Commerce introduced that application durations for 4 grant plans aimed at bolstering tribal company improvement and reinforce indigenous entrepreneurship in Montana are now open. The grant funding is presented by Commerce’s Business office of Indian Region Financial Progress (OICED).

“These initiatives underline Commerce’s perseverance to offer not just funding, but a platform for impressive thoughts to flourish, corporations to grow and traditions to thrive,” said Scott Osterman, Director of the Montana Division of Commerce. “Through these grants, tribal enterprises are empowered to travel innovation, build possibilities and form a prosperous future for their communities.”

Tiny organization homeowners who are enrolled customers of Montana’s tribal nations are invited to use for the Indian Equity Fund (IEF) Smaller Small business Grant, a dynamic initiative aimed at fortifying the expansion of tiny-scale enterprises. The grant serves as a catalyst for growing the scope of indigenous entrepreneurship and enhancing neighborhood financial vitality. The IEF grant at the moment has $320,000 of funding accessible. Software period: September 1 – Oct 31, 2023.

The Indigenous American Business enterprise Advisor (NABA) grant offers a beneficial chance for aspiring indigenous entrepreneurs to accessibility professional steering, mentorship and resources to kickstart their enterprise ventures. The method is created to give a strong foundation for achievements and sustainability in the aggressive small business landscape. The NABA grant now has $160,000 of funding out there. Software period: September 1 – October 16, 2023.

The Tribal Business Progress Grant (TBDG) provides tribal governments or tribally owned businesses a one of a kind possibility to protected funding for shovel-ready jobs that will travel financial prosperity and sustainability. This grant empowers Montana’s tribally owned, for-financial gain enterprise enterprises to develop, diversify, flourish and eventually lead to the all

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SUPERIOR GOLD ANNOUNCES CONTINUED OPERATIONAL IMPROVEMENTS IN JANUARY PRODUCTION AND DEVELOPMENT

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SUPERIOR GOLD ANNOUNCES CONTINUED OPERATIONAL IMPROVEMENTS IN JANUARY PRODUCTION AND DEVELOPMENT

TORONTO, Feb. 13, 2023 /CNW/ – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSXV: SGI) (OTCQX: SUPGF) announces an update on key operating metrics for January 2023 as the Company refocuses on the leading underground performance indicators to demonstrate improved operational performance for the Company’s 100%-owned Plutonic Gold operations, located in Western Australia.      

January Highlights:

  • Production increased to 5,942 ounces of gold, 17% above December 2022 and a 47% increase in underground gold production relative to the Q4 2022 average.
  • Underground Unit Cost per tonne decreased 12% to $70/tonne from the Q4 2022 average of $79/tonne
  • Preliminary cash cost per ounce of $1,618/oz, representing a decrease of more than 19% on Q4 cash costs per ounce
  • Focusing on leading underground key performance indicators improved January operating results:
  • Total underground ore tonnes mined increased to 87,959, 25% above Q4 2022 average
  • Development rates increased to 675 metres, 3% above Q4 2022 average, as the Company targets up to 750 metres per month later in 2023
  • Production drilling rates decreased to 13,557 metres,12% below Q4 2022 average, due to rig availability, although this has since been rectified as the Company targets up to 20,000 metres per month later in 2023
  • Stope grade increased to 2.54 g/t gold, as the Company continues to improve development rates to enable targeting 3.0 g/t later in 2023
  • Mill recovery increased to 88%, 2% above Q4 2022 average, as a result of processing higher-grade material

    • Chris Jordaan, President and CEO of Superior Gold stated:

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    Eat Well Group Announces Refinancing Transaction led by Business Development Bank of Canada (BDC)

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    Eat Well Group Announces Refinancing Transaction led by Business Development Bank of Canada (BDC)

    VANCOUVER, British Columbia–(Business enterprise WIRE)– 


    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE Products and services

    Eat Effectively Expense Team Inc. (the “Company” or “Eat Well” or “EWG”) (CN:EWG) (US:EWGFF) (FRA:6BC0), a primary plant-dependent foods ingredient and CPG business, is pleased to announce it has signed non-binding term sheets with the Company Development Lender of Canada (“BDC”) and a non-public lender (the “Personal Loan company”) to refinance the Company’s current revolving credit amenities of up to $40,000,000 with its senior financial institution (the “Exiting Credit rating Services”) (collectively, the “Refinancing Transaction”). The Refinancing Transaction will appreciably cut down the Company’s curiosity payments even though amortizing repayment by up to 20 several years.

    The next is a summary of the substance phrases of the Refinancing Transaction:

    • BDC will present a secured mortgage of $22,500,000 at a fixed amount of 5.65% per annum, payable monthly and amortizing more than a 20-year period, which will be used to repay a portion of the Existing Credit rating Facilities
    • BDC will present a secured personal loan of $2,000,000 at a fixed price of 8.8% per annum, payable month to month and amortizing around a 7-yr period of time, which will be utilized to repay a portion of the Present Credit history Facilities
    • The Non-public Financial institution will convert $8,000,000 of the Present Credit score Amenities into a secured convertible financial loan (the “Convertible Loan”), convertible into frequent shares of the Organization (“Common Shares”) at a rate to be founded in the context of the industry price of the Common Shares on the day the Convertible Mortgage is issued, and accruing desire at a price of 15% for every annum, payable every month, and repayable
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    Taylor Announces Progressive Digital + Flexo Hybrid Push Technological know-how at Dayton Facility

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    Taylor Announces Progressive Digital + Flexo Hybrid Push Technological know-how at Dayton Facility

    NORTH MANKATO, Minn.–(Business enterprise WIRE)–Taylor Company has declared the introduction of a new printing press that brings together two confirmed technologies into 1 in-mildew label option.

    Taylor’s digital + flexo printing push incorporates four digital UV inkjet print stations with 4 additional flexographic print towers, offering it the capability to match any manufacturer shade prerequisites. Specially engineered to manufacture in-mould labeling (IML) products and solutions for Taylor’s many tough label clients, the resulting “hybrid” press is G7® colour licensed and matches custom color technical specs where by most other digital platforms tumble shorter.

    The hybrid push is proof of Taylor’s ongoing expenditure in digital resilient label manufacturing technological innovation. “This is on the heels of the new electronic strains that we have set up in our Ohio, Kentucky and Monterrey, Mexico, facilities,” states Joe Klenke, president of Taylor’s Labeling Solutions Group. “With this latest machine, we incorporate the variable print capabilities, economical shorter to medium operates, and scaled-down environmental footprint of a digital press with the spot color and PMS precision of a flexo press. It’s the excellent alternate to the conventional flexo or screen presses ordinarily used for IML.”

    Taylor’s electronic resilient label method is targeted on serving to buyers minimize threat, decrease charge and attain strategic objectives. “The new hybrid generation lines enable Taylor to make partaking, long-lasting in-mould label models a great deal a lot more value-effectively,” adds John Harden, director of Taylor Labeling Solutions. “Imagine a item line of beverage coolers featuring different athletics team logos, or out of doors power machines adorned with different camouflage patterns. These kinds of variants are all feasible and can be printed on demand from customers to prevent line-down situations.”

    “Our digital sturdy in-mould (DDIML) press with hybrid technological innovation changes the activity for IML

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