VICTORIA: Kalamazoo Resources Limited has successfully commenced its Stage 1 diamond drilling campaign within EL6679 of the Castlemaine Gold Project. This initial drilling program is designed to test the encouraging results and interpretations of the extensive ground geophysical surveys and 3D structural modelling recently carried out by Kalamazoo. The program forms the first part of…
Golden Mile acquires 14 prospecting licences from CGM(WA)
SYDNEY: Golden Mile Resources Ltd has signed a Binding Terms Sheet to acquire fourteen (14) granted prospecting licences from CGM(WA) Pty Ltd, a wholly owned subsidiary of Chalice Gold Mines Limited. The acquisition of the Prospecting Licences is subject to satisfactory completion of due diligence. These Prospecting Licences are adjacent to the Company’s existing ground-holdings…
Bank of New Zealand migrates to 9 Spokes’ next generation platform
AUCKLAND: 9 Spokes International, a leading marketplace and insights company to small businesses, has released its next generation platform. Bank of New Zealand (BNZ) is the first to migrate users of its small business service, MyBusiness Live, to a white-label instance of the new platform —having launched on the previous version in May this year….
Azure Health Technology to acquire Invictus Biopharma Ltd
SYDNEY: Azure Health Technology Limited has signed a binding, conditional Memorandum of Understanding (MOU) with Invictus Biopharma Ltd to acquire 100% of the issued capital of Invictus, in return for equity in Azure and the assumption of up to $1.2 million of Invictus’ net liability to creditors and lenders. It is expected that Azure Health…
CardieX appoints Chinese distributor to drive growth
SYDNEY: CardieX announced that the Company’s ATCOR medical device division has officially partnered with Chinese healthcare industry Limited as its new national distributor in China. Auden will further commercialization efforts for ATCOR’s non-invasive central blood pressure (NcBP) monitoring technology in public and private hospital channels as well as sports medicine institutions in the Greater China…
WANdisco and Microsoft presented jointly developed Azure embedded solution at Ignite conference
LONDON: WANdisco Plc co-presented with Microsoft at the vendor’s customer and partner event, Ignite, illustrating how WANdisco is deeply embedding Fusion into the Microsoft Azure platform. The partnership is expected to become revenue generating in full year 2020. WANdisco is the live data company for machine learning and AI. This jointly developed product with an…
Swiss watch maker Breitling assigned ‘B’ ratings with positive outlook
MILAN: Breitling Holdings can achieve profitable growth, with consolidation of distributors, positive performance of new collections, and increasing penetration in China supporting S&P Global Ratings-adjusted debt to EBITDA of 6.5x-7.0x. Breitling Holdings intends to increase its senior secured debt by Swiss franc (CHF) 295 million euro-equivalent to pay a special CHF 158 million dividend to…
AM Best affirms credit ratings of KB Insurance Co and Fubon Insurance Co
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of KB Insurance Co., Ltd. of South Korea. The outlook of these Credit Ratings is stable. The ratings reflect KBI’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate…
Halfords Group announces acquisition of McConechy’s Tyre Service
LONDON: Halfords Group plc has announced the acquisition of McConechy’s Tyre Service Limited, one of the largest independent garage chains in the UK. The acquired business comprises of 60 sites and 100 vans across Scotland and the North of England, providing tyre fitting and vehicle servicing, maintenance and repair for both retail and commercial vehicles….
Inchcape agrees to acquire Autolider, a distributor of Daimler brands, for £47mn
LONDON: Inchcape plc has agreed to acquire Autolider, a distributor of Daimler brands, for £47 million. The enterprise value of £47 million represents a multiple of c.8.5x on 2018 EBIT. Completion is expected in Q4 and will therefore contribute minimal profit to FY19. Inchcape is the leading independent multi-brand Automotive distributor with global scale, and…
Ontario’s economic and fiscal outlook: government implements plan to build Ontario together
TORONTO: The Ontario province’s current 2019-20 deficit outlook is $9 billion; $1.3 billion lower than the target projected in the 2019 budget. “We will continue to implement our prudent and responsible approach to fixing our finances, balancing the budget by 2023, so that we can make critical investments and provide relief for families and businesses,”…
Cann launching imported medicinal cannabis products
VICTORIA: Cann Group Limited is launching a range of imported medicinal cannabis products for supply to approved Special Access Scheme (SAS) patients. Cann has entered into a distribution agreement with Symbion Pty Ltd, which supplies healthcare services and products to more than 4000 retail pharmacies and 1300 hospitals throughout Australia. Symbion will carry Cann’s full…