PERTH: CML Group Limited has entered into a binding agreement to purchase 100% of the shares in Skippr Invoice Finance for an initial payment of $2.25m via a mix of cash and scrip at CML’s election. A maximium transaction price of $6.5m is payable if all earn-out hurdles (a substantial multiple of current funding volumes)…
Rio Tinto reveals maiden resource at Winu and new discovery
LONDON: Rio Tinto has disclosed the maiden Inferred Mineral Resource at the 100% owned Winu copper-gold project and revealed the discovery of a new zone of gold dominant mineralisation approximately 2 km east of the Winu deposit in the Paterson Province of Western Australia. The Inferred Mineral Resource, reported at a 0.2% copper equivalent cutoff,…
Cleo expands global reach into Australia through partnership with Ajna Consulting
SYDNEY: Cleo and Ajna Consulting announced a new partnership that will help companies in supply chain-dependent industries in Australia optimise their business operations through deployment of Cleo Integration Cloud, Cleo’s flagship cloud integration platform. Cleo provides market-leading solutions that enable ecosystem integration at scale, offering a true API integration and EDI platform delivered on the…
Atomo and Access Bio partner to expand access to COVID-19 blood-based rapid testing in North America
SYDNEY: Atomo Diagnostics has signed a binding agreement with US-based diagnostics specialist Access Bio Inc., that will see Atomo supply its unique, integrated rapid diagnostic test (RDT) devices to Access Bio for use with its rapid test strip for detection of antibodies to COVID-19, a news release said. Finished products being commercialised under this agreement…
Owl Labs launches Meeting Owl Pro in UK to connect in-office and remote employees
LONDON: Owl Labs has launched Meeting Owl Pro in the United Kingdom to bring distributed teams together. The Meeting Owl Pro is a smart video conferencing device featuring a 360° camera, mic, and speaker with 1080p resolution and a radius of over 5 meters, allowing for a seamless and fully immersive group meeting experience, a…
Visioneering Technologies expands sales and distribution network into Asia
ATLANTA: US-based medical device company Visioneering Technologies Inc announced the expansion of its sales and distribution network into Asia. Visioneering has entered into an agreement with Oculus Private Ltd under which Oculus will market, sell, and distribute Visioneering’s innovative NaturalVue Contact Lenses in Singapore and Hong Kong, with other markets in Southeast and Northeast Asia…
UK’s FCA to ban motor finance discretionary commission models
LONDON: The UK Financial conduct Authority (FCA) has confirmed it will introduce a ban on discretionary commission models. This followed a consultation in October 2019. Currently, some car retailers and motor finance brokers receive commission which is linked to the interest rate that customers pay – creating an incentive to sell more expensive credit to…
BIGG Digital’s Blockchain Intelligence Group partners with the International Association of Financial Crimes Investigators
VANCOUVER: Blockchain Intelligence Group (BIG) has partnered with the International Association of Financial Crimes Investigators (IAFCI) to explore opportunities to provide investigative tools and educate their members surrounding, tracking, tracing and monitoring illicit activity involving cryptocurrencies, a news release said. The intent of the partnership is to provide a well rounded and all encompassing training…
MYM Nutraceuticals agrees to acquire Biome’s Highland Grow Inc.
VANCOUVER: MYM Nutraceuticals Inc. and Biome Grow Inc. have entered into an agreement whereby MYM has agreed to acquire 100% of Biome’s wholly-owned subsidiary Highland Grow Inc. (HGI), which is licensed under the Cannabis Act (Canada ) to cultivate, process, and distribute cannabis from its facility located in Antigonish, Nova Scotia. As part of the…
The Very Good Food Company announces listing on Frankfurt Stock Exchange
VANCOUVER: The VeryGood Food Company Inc. announced that its common shares were accepted for listing on the Frankfurt Stock Exchange (FSE) under the trading symbol (0SI). The Company’s common shares are now cross-listed on the Canadian Securities Exchange (CSE) and the FSE. CEO Mitchell Scott stated that: “Since our initial listing in Canada, we have…
Multiconsult wins NOK 55 million hydropower contracts in Tanzania
OSLO: Tanzania Electric Supply Company Limited (TANESCO) has selected Multiconsult Norge AS with Norplan Tanzania Ltd (49% owned) and Tanzania Photomap Ltd as subcontractors, to provide consultancy services for the Rumakali Hydropower and Transmission Line Project and for Ruhudji Hydropower and Transmission Line Project in Tanzania. The total contract value for Multiconsult will be approximately…
Proton Energy gets government grant to enable low cost hydrogen from electrolysis
OSLO: Proton Energy Systems Inc., a wholly owned subsidiary of Nel ASA, has been awarded a $4.4 million grant by the Department of Energy (DOE) for development of advanced components and manufacturing methods to enable low cost hydrogen from electrolysis. The purpose of the project is to leverage the DOE National Lab capabilities to develop…