OLDWICK: Global rating agenct AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Kingstone Insurance Company (KICO). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” of Kingstone Companies Inc. (KINS) (Delaware), the insurance holding company of KICO. AM Best also…
Faron Pharmaceuticals selected for €2.5 million grant from European Innovation Council
TURKU, FINLAND: Faron Pharmaceuticals Oy, the clinical stage biopharmaceutical company, has been selected to receive a €2.5 million grant from the European Innovation Council (EIC) Accelerator pilot scheme to progress the MATINS Study and related business activities. The EIC Accelerator pilot scheme supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities to support…
Ironveld Plc announces bridge loan facility and extension of IIG option agreement
LONDON: Along with its prospective strategic partner, Inclusive Investment Group Proprietary Limited (IIG), Ironveld has made an application to a major South African funding institution for project development funding which, if successful, would provide Ironveld with sufficient funds to start mining and production at the Company’s magnetite project in South Africa. On 30 March 2020,…
Just Eat Takeaway.com to combine with Grubhub to create a leading global online food delivery player
AMSTERDAM: Just Eat Takeaway.com, and Grubhub Inc. have entered into a definitive agreement whereby the Company is to acquire 100% of the shares of Grubhub in an all-stock transaction to create the world’s largest online food delivery company outside of China, measured by Gross Merchandise Value (GMV) and revenues. Under the terms of the Transaction,…
Ceres Power Holdings announces appointment of Chairman and board changes
HORSHAM: Ceres Power Holdings, a global leader in fuel cell technology, announced that in line with Board succession planning Alan Aubrey, Chairman of the Company, is standing down and that Warren Finegold, currently a Non-Executive Director, will succeed him as Chairman with immediate effect. Mr. Aubrey has served as Chairman of Ceres since December 2012…
WPP appoints Angela Ahrendts DBE to the Board
LONDON: WPP Plc, a creative transformation company, today announced the appointment of Angela Ahrendts DBE to its Board as a Non-Executive Director. Her appointment will be effective from 1 July 2020. With a career in fashion and retail spanning more than three decades, Angela Ahrendts was Senior Vice President, Retail at Apple, Inc. from May…
Love Hemp posts 107% increase in online sales
LONDON: London-based CBD brand, Love Hemp Limited has experienced a surge in online sales during the global COVID-19 pandemic. Love Hemp’s management team has been highly responsive to customer needs and the rapidly changing business environment due to COVID-19. The effort to build greater awareness and capacity online to drive sales has resulted in continued…
Zenith Energy makes payment to KUFPEC for Sidi El Kilani
LONDON: Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, has made payment for a total of $250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C (KUFPEC), a subsidiary of the State of Kuwait’s national oil company, in relation to the acquisition of a 22.5% working interest in…
Plymouth Rock signs LoI with security and defense contractor SDS Group Australia
PLYMOUTH: Plymouth Rock Technologies Inc. (PRT), a leader in the development of cutting-edge threat detection technologies, has entered into a Letter of Intent (LOI) with SDS Group Australia Pty Ltd, a leading provider of best of breed products and equipment to the Australian security and defense industries. PRT and SDS have signed an LOI to…
Victory Square Technologies portfolio company acquired the assets and intellectual properties of Safetest Comércio de Diagnósticos
VANCOUVER: Victory Square Health Inc. – a wholly-owned subsidiary and portfolio company of Victory Square Technologies Inc. — has acquired the assets and intellectual properties of Safetest Comércio de Diagnósticos Ltd in an all-stock transaction. Per the terms of the agreement, VS Health has agreed to acquire Safetest assets and intellectual properties for $4,000,000 CAD…
IGEN signs sales & marketing agreement with Michigan Credit Union League Service Corporation
MURRIETA: IGEN Networks Corporation, a leading innovator of Internet of Things (IoT) automotive and commercial fleet solutions, announced the signing of a sales and marketing agreement with Michigan Credit Union League Service Corporation (MCULSC) for the distribution and marketing of CU Trak, a white-labeled version of IGEN’s mobile asset tracking and security solution. Michigan Credit…
Sitka Gold mobilizes crew and equipment for drill program at its Alpha Gold Property in Nevada
VANCOUVER: Sitka Gold Corp. has begun mobilizing crew and equipment in preparation for the upcoming drill program at its Alpha Gold Property located in Nevada’s prolific Carlin District where the projection of the Cortez Gold trend intersects with the Garden Valley Anticline. Permits for a 12-hole drill program have been secured to test a Carlin-type…