Thursday, August 17, 2017

NetCents Technology adds merchants to platform

2017-08-17 11:37 ET - News Release

Mr. Clayton Moore reports
NetCents Technology Inc. has continued to add new clients to its platform at a notable pace. The company is pleased to announce that five new merchants have been on boarded through merchant services offering agreements and are now processing through the NetCents platform. NetCents currently has an additional six merchants within the queue and preparing to commence integration after final due diligence and approvals are completed.

Two of the new merchants that are now processing through NetCents, Optim Research Solutions and Cognitive Nutrition Inc., are in the nutraceutical sector. Both Optim and Cognitive are on-line merchants that offer biochemicals to individuals and institutions who are focused on neuroscience research, anti-aging research, and research of biochemical pathways that may enable physical and cognitive enhancement. The cutting-edge nutraceutical market vertical is both rapidly growing and considerably underserviced. NetCents continues to take a pro-active approach in filling this processing void and has emerged as a leader within this exciting arena.

"NetCents continues its accelerated growth. We have seen a significant increase to merchants wanting to use the NetCents platform. Our pipeline of existing, new and potential clients will supplement NetCents' rapidly expanding revenue base, keeping the company in line, if not exceed our financial projections," said Clayton Moore, chief executive officer and founder of NetCents Technology.
If your company or organization wishes to integrate the NetCents platform into your website, visit the NetCents website and click on the "sign up for business account" tab to complete the on-line form to get the digital integration and application processes started. A NetCents payment icon will be placed on your website at no cost.

About NetCents Technology Inc.
NetCents is a next-generation on-line payments processing platform, offering consumers and merchants on-line services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing innovative blockchain technology to provide payment solutions that are simple to use, secure and worry-free.
We seek Safe Harbor.

Finore Mining files listing statement for merger

2017-08-17 11:26 ET - News Release

Mr. Rav Mlait reports
Further to Finore Mining Inc.'s news release on June 5, 2017, regarding the amalgamation agreement between Finore Mining and Micron Waste Technologies Inc., Finore Mining has filed a listing statement with the Canadian Securities Exchange and Micron will be proceeding with its shareholder meeting on Aug. 30, 2017, to approve the proposed transaction (as defined herein). The agreement is structured as a three-cornered amalgamation whereby Micron will amalgamate with a newly incorporated British Columbia subsidiary of Finore and all the issued and outstanding shares of Micron are exchanged for common shares of the company with Micron becoming a subsidiary of Finore. Following the completion of the proposed transaction, all of the securityholders of Micron will become securityholders of Finore. Prior to closing of the proposed transaction, the company will change its name to Micron Waste Technologies Inc., or such other name as agreed by the parties, and will complete a consolidation of the Finore shares on the basis of one postconsolidated Finore shares for every two preconsolidation Finore shares. Pursuant to the proposed transaction, the shareholders of Micron will receive one postconsolidated Finore share for each Micron share. No concurrent financing is anticipated to occur in connection with the proposed transaction.

Upon completion of the proposed transaction, all of the outstanding share purchase warrants of Micron will cease to represent a right to acquire Micron shares and will instead provide the right to acquire postconsolidated Finore shares, all in accordance with the adjustment provisions provided in the certificates representing the warrants.The proposed transaction is subject to, among other things, receipt of the approval of the shareholders of Micron, approval of the CSE, satisfying the CSE listing requirements and standard closing conditions.

Upon completion of the proposed transaction, Finore will continue on with the business of Micron, with Micron as its operating subsidiary. Certain Finore shares issued to related persons (as defined in the policies of the CSE) of Finore are subject to escrow requirements under the policies of the CSE.

Conditions to the proposed transaction
The completion of the proposed transaction remains subject to a number of terms and conditions, including, among other things:
  • Micron having received shareholder approval of the proposed transaction by a special majority of the Micron shareholders;
  • Finore and Micron obtaining all necessary consents, orders and regulatory approvals, including the conditional of the CSE subject only to customary conditions of closing;
  • Dissent rights not having been exercised by greater than 5 per cent of the Micron shareholders;
  • No material change occurring to the business of Finore and Micron;
  • The satisfaction of obligations under the amalgamation agreement relating to each of the parties;
  • The delivery by each of the parties of standard closing documents, including legal opinions.
The shares of the company were halted on June 2, 2017, and may remain halted until the completion of the proposed transaction.
We seek Safe Harbor.