SYDNEY: Western Areas Ltd announced highly encouraging results from the first diamond drill hole at the Sahara prospect within the Western Gawler Project in South Australia. Western Areas Managing Director, Dan Lougher, said, “This is an excellent result from our first drill hole at the Sahara prospect, intercepting broad widths of nickel and copper bearing…
Yangzijiang secures $102mn shipbuilding orders, bringing total orders in 2020 to $517mn
SINGAPORE: Yangzijiang Shipbuilding (Holdings) Ltd., a globally-leading shipbuilding group based in China, has secured new shipbuilding orders for four vessels recently worth approximately USD102 million in total. These orders include two LNG-tank carriers and two 56,000DWT bulk carriers. With these orders, the Group has secured a total of USD517 million worth of orders so far…
Emerge Gaming and Mobile Telephone Networks MTN to launch MTN Arena
PERTH, AUSTRALIA: Emerge Gaming Limited, the operator of online eSports and casual gaming competition and tournament platform technology, has signed an agreement with Mobile Telephone Networks Proprietary Limited (MTN) to distribute, market and operate Emerge’s platform technology under the brand “MTN Arena”, in South Africa. MTN Arena is a competition and tournament platform with a…
Saunders International secures tank overhaul works for BP Bulwer Island
SYDNEY: Saunders International Ltd has been awarded the mechanical refurbishment and upgrade of two further tanks for BP at their Bulwer Island site, worth approximately $12 million. This award is a follow on to Saunders works for BP’s Bulwer Full Fuels Project which includes the refurbishment of three tanks and two separate piping projects. Saunders…
Vireo Health sells equity in Pennsylvania Medical Solutions to Jushi Holdings for $37 million
MINNEAPOLIS: Vireo Health International Inc. has reached a definitive agreement with Jushi Inc, a subsidiary of Jushi Holdings, Inc., to divest equity in its subsidiary company, Pennsylvania Medical Solutions, LLC for total consideration of $37 million. The transaction is subject to regulatory approvals. Pennsylvania Medical Solutions holds a permit for the cultivation and processing of…
Liberty Leaf to acquire Nova Mentis Biotech Corp by way of share exchange
VANCOUVER: Liberty Leaf Holdings Ltd. (LIB) has entered into an agreement with Nova Mentis Biotech Corp. (NOVA), pursuant to which LIB will acquire, by way of share exchange, 100 per cent of all of the issued and outstanding securities of NOVA. Pursuant to the Agreement, LIB will acquire 100 per cent of the issued and…
JNC Resources signs agreement to acquire The Imperial Property in Nevada
VANCOUVER: JNC Resources Inc. has signed an option agreement with Great Basin Resources to acquire 100% control and interest in the Imperial Project in Nevada. The Imperial Property is located in Esmeralda County, Nevada, which has been a prolific mining area in the state. Under the terms of the Agreement, the Company can earn a…
Rubicon Organics signs cannabis supply agreement with German Distributor, canacur GmbH
VANCOUVER: Rubicon Organics Inc. has signed a product supply agreement with canacur GmbH, a medical cannabis distributor incorporated in Nuremburg, Germany. Pursuant to the Agreement, Canacur shall purchase dried cannabis from Rubicon Organics for an initial term of three years, with two optional two-year extensions available. The Company expects first exports in the first half…
BevCanna completes acquisition of Exceler Holdings
VANCOUVER: BevCanna Enterprises Inc. has acquired Exceler Holdings Ltd., an arm’s length private British Columbia corporation. On closing, the Company issued 2.0 million shares in the capital of the Company to the shareholder of Exceler. No finder’s fee was paid in connection with the acquisition. The acquisition is an arm’s length transaction. None of the…
UnionPay, Keenu, Bank AL Habib jointly launch contactless payment acceptance in Pakistan
SINGAPORE: UnionPay International, Wemsol Private Limited and Bank AL Habib jointly launched UnionPay QuickPass (NFC/Contactless and HCE) acceptance on Keenu POS terminals, where consumers can make safe and quick payments by tapping their UnionPay cards at KEENU POS terminals at more than 7,000 merchant locations in Pakistan. This is the first time any payment scheme,…
Swiss-based Archroma to produce PPE in Pakistan
KARACHI: Archroma has joined hands with Liberty Textile Mill Limited to produce high quality personal protective equipment (PPE). Liberty will be benefitting from Archroma’s specialty solutions for hygiene protection, and well-established technical expertise in the area of medical textiles. Amidst the Covid-19 pandemic, the PPEs manufactured by Liberty are aimed at easing the current shortage…
AF Gruppen building more student housing from solid wood
OSLO: AF Gruppen has entered into an agreement with the Student Welfare Organisation in Østfold to build new student housing from solid wood at Remmen in Halden. The agreement covers 213 student housing properties in a 16-storey building. The building will be situated near Østfold University College, Campus Halden. The project will be carried out…