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November 13, 2021

Zomedica Announces Third Quarter 2021 Financial Results

ANN ARBOR, MI / ACCESSWIRE / November 12, 2021 / Zomedica Corp. (NYSE American:ZOM) (“Zomedica” or “Company”), a veterinary health company creating point-of-care diagnostics products for dogs and cats, today reported consolidated financial results for the three and nine months ended September 30, 2021. Amounts, unless specified otherwise, are expressed in U.S. dollars and presented under accounting principles generally accepted in the United States of America (“U.S. GAAP”). Third quarter results do not include operations of PulseVet which were acquired on October 1, 2021.

Larry Heaton, Chief Executive Officer of Zomedica, stated that, “During the third quarter the team at Zomedica continued building the installed base of TRUFORMA® instruments through our Customer Appreciation Program (CAP), which provides select customers with an instrument at no charge as long as they agree to purchase assay cartridges. Customer response to this program has been encouraging, with 144 customers enrolled to date, and we plan to continue offering it through the end of the year. We expect revenue from these CAP program customers to build sequentially as they utilize cartridges currently available, and new ones as they are released to market. We continue to work with our partner, Qorvo Biotechnologies, to develop new assays for the TRUFORMA® instrument and expect to release several new assays to market in 2022.

Mr. Heaton continued, “Business development was an important focus of the Zomedica team during the third quarter, which led to the culmination of Zomedica’s first acquisition on October 1, 2021, when Pulse Veterinary Technologies (“PulseVet”) became a Zomedica Company. We’re excited about the opportunities to combine the sales and marketing efforts of the respective companies to broaden the introduction of PulseVet’s market-leading shock-wave therapy to the small animal market and the potential future opportunity to introduce TRUFORMA® technology into the equine market.”

“The third quarter reflected Zomedica’s dual approach to realizing growth – building the installed base of TRUFORMA® technology to produce organic growth, and active business development efforts through strategic investments to expand our product offerings, technologies and product development efforts. During the balance of the year, we’re continuing this strategy as we expand the sales and marketing teams and provide the training needed to effectively sell into the animal health marketplace.”

Summary Third Quarter 2021 Results

Zomedica recorded net loss and comprehensive loss for the three and nine months ended September 30, 2021 of approximately $6.3 million, or $0.01 per share, and approximately $15.1 million, or $0.05 per share, respectively, compared to a net loss and comprehensive loss of approximately $5.0 million, or $0.01 per share, and approximately $12.7 million, or $0.04 per share, for the three and nine months ended September 30, 2020.

Revenue for the three and nine months ended September 30, 2021 was $22,514 and $52,331, respectively, and resulted from the sale of our TRUFORMA® products and associated warranties. We commenced commercialization of TRUFORMA® on March 15, 2021 and accordingly have had only limited sales activity in the first three quarters of 2021.

Cost of revenue for the three and nine months ended September 30, 2021 was $17,899 and $59,433, respectively. As noted above, commercialization of TRUFORMA® commenced on March 15, 2021. We expect that cost of revenue will increase as we sell additional products in subsequent periods, inclusive of costs associated with PulseVet’s operations.

Research and development expense for the three and nine months ended September 30, 2021 was approximately $0.3 million and approximately $1.0 million, respectively, compared to approximately $2.7 million and $7.2 million for the three and nine months ended September 30, 2020, respectively, representing a decrease of approximately $2.4 million, or 89{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, over the prior three-month period and a decrease of approximately $6.2 million, or 86{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, for the prior nine-month period. The decrease in both periods was a result of an overall reduction in research and development costs related to TRUFORMA® as we completed development of the instrument and three of the first five assays and began transitioning to commercialization activities.

Selling, general and administrative expense for the three months ended September 30, 2021 was approximately $6.1 million, compared to approximately $2.3 million for the three months ended September 30, 2020, an increase of approximately $3.8 million, or 166{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The increase primarily was due to an increase in share-based compensation expense, which was approximately $1.5 million for the three months ended September 30, 2021, compared to approximately $0.2 million for the comparable period in 2020. Other significant increases include professional fees of approximately $2.1 million relating to the PulseVet acquisition and increased fees associated with SEC compliance requirements, and salaries for administrative and sales personnel of approximately $0.4 million.

Selling, general and administrative expense for the nine months ended September 30, 2021 was approximately $14.6 million, compared to approximately $5.4 million for the nine months ended September 30, 2020, an increase of approximately $9.2 million, or 169{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The increase primarily was due to an increase in share-based compensation expense, which was approximately $4.5 million for the nine months ended September 30, 2021, compared to approximately $0.5 million for the comparable period in 2020, as a result of stock option grants made during the first quarter of 2021. Other significant increases include professional fees of approximately $2.9 million, related primarily to the PulseVet acquisition, and the exchange of our Series 1 preferred stock, as well as increased fees associated with filings compliance requirements, salaries of approximately $1.1 million, regulatory fees incurred for the annual shareholders meeting of approximately $0.8 million largely as a result of administrative costs related to increases in the shareholder base, marketing, travel and office expense of approximately $0.3 million, and contracted expenditures of approximately $0.1 million.

Liquidity and Outstanding Share Capital

Zomedica had cash and cash equivalents of approximately $271.4 million as of September 30, 2021, compared to approximately $52 as of September 30, 2020. The increase in cash is mainly a result of the cash flows from financing activities, partially offset by cash flows used in operating and investing activities as discussed below. After giving effect to the acquisition of PulseVet, Zomedica had pro forma cash and cash equivalents of approximately $199.5 million as of September 30, 2021.As of September 30, 2021, Zomedica had shareholders’ equity of approximately $271.6 million.

Net cash used in operating activities for the nine months ended September 30, 2021 was approximately $9.4 million, compared to approximately $15.6 million for the nine months ended September 30, 2020, a decrease of approximately $4.2 million, or 40{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The reduction in net cash used in operating activities resulted primarily from a $4.5 million non-cash stock compensation expense in the 2021 period, approximately $0.5 million in gains recognized on extinguishment of debt, a loss on disposal of property of $0.2 million, and an increase in accounts payable in the 2021 period of approximately $3.2 million. These amounts were offset in part by an increase in inventory purchases of approximately $1.9 million. Other non-cash activity in the 2021 period included amortization and depreciation of approximately $0.3 million.

Net cash used in investing activities for the nine months ended September 30, 2021 was approximately $0.3 million, compared to net cash provided of approximately $1.0 million for the nine months ended September 30, 2020, an increase in net cash used of approximately $1.3 million, or 134{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The increase in net cash used in investing activities resulted from the receipt of cash from the modification of our lease in the first half of 2020, compared to investments of intangible and other property and equipment in the current period.

Net cash from financing activities for the nine months ended September 30, 2021 was approximately $219.1 million, compared to approximately $64.1 million for the nine months ended September 30, 2020, an increase of approximately $155.1 million, or 242{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The increase resulted primarily from the sale of our equity securities in 2021 for total gross proceeds of approximately $199.5 million, cash received of approximately $32.1 million from warrant exercises, and cash received of approximately $1.4 million from stock option exercises, offset by stock issuance costs of approximately $14.3 million.

As of September 30, 2021, Zomedica had an unlimited number of authorized common shares with 979,738,168 common shares issued and outstanding.

As of November 12, 2021, Zomedica had 979,894,668 common shares issued and outstanding.

For complete financial results, please see Zomedica’s filings on EDGAR and SEDAR or visit the Zomedica website at www.ZOMEDICA.com.

About Zomedica

Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for companion animals by focusing on the unmet needs of clinical veterinarians. Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. It is Zomedica’s mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. For more information, visit www.ZOMEDICA.com.

Follow Zomedica

Reader Advisory

Except for statements of historical fact, this news release contains certain “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur and include statements relating to our expectations regarding future results. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date

the statements are made, including assumptions with respect to American economic growth, demand for the Company’s products, the Company’s ability to produce and sell its products, our ability to successfully integrate and operate the PulseVet business, the sufficiency of our budgeted capital and operating expenditures, the cost, adequacy and availability of supplies required for our operations, the satisfaction by our strategic partners of their obligations under our commercial agreements, our ability to realize upon our business plans and cost control efforts and the impact of COVID-19 on our business, results, and financial condition.

Our forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts, as well as the cost of commercialization efforts, including the cost to develop an internal sales force and manage our growth; uncertainty as to our ability to successfully integrate and operate the Pulse Vet business, uncertainty as to our ability to supply equipment and assays in response to customer demand; uncertainty regarding the cost, adequacy and availability of supplies required for our operations; uncertainty as to the likelihood and timing of any required regulatory approvals, and the availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve

the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of their obligations under our commercial agreements, including product manufacturing obligations: risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon our business operations generally, including our ability to develop and commercialize our products, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Investor Relations Contacts
PCG Advisory Group
Kirin Smith, President ksmith@pcgadvisory.com
+1.646.823.8656

SOURCE: Zomedica Corp.

View source version on accesswire.com:
https://www.accesswire.com/672139/Zomedica-Announces-Third-Quarter-2021-Financial-Results

November 12, 2021

Stocks flat as investors grapple with inflation surge, Disney letdown

Wall Street was mixed Thursday, with investors grappling with the implications of inflation that has soared to its highest in decades, and third-quarter earnings that are starting to show signs of slowing growth.

The S&P 500 was rose after back-to-back sessions of losses. The Nasdaq outperformed, with some of Wednesday’s biggest technology laggards posting a rebound — led by Netflix (NFLX) which overtook Disney in market capitalization.

With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been left to continue responding to the latest batch of mixed economic data. And meanwhile, a couple of closely watched companies missed quarterly earnings estimates, though most S&P 500 companies have topped expectations throughout third-quarter earnings season to date.

After market close on Wednesday, Dow-component Disney (DIS) reported disappointing sales and profits as Disney+ subscriber growth slowed more than expected. Beyond Meat (BYND) also offered a weak current-quarter revenue forecast, pointing to continued sluggishness in the plant-based meat alternative-maker’s sales trends. Affirm (AFRM), however, saw shares soar in the premarket session, with the buy-now-pay-later financial technology platform topping quarterly sales expectations and unveiling an expanded payments partnership with Amazon.

Elsewhere, however, elevated demand for electric-vehicle stocks and for shares of newly public companies showed few signs of slowing down after Rivian Automotive’s (RIVN) public debut. The Amazon-backed EV-maker’s stock closed higher by 29{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} from its IPO price of $78 per share on its first day trading on the Nasdaq.

A greater-than-expected jump in the Bureau of Labor Statistics’ Consumer Price Index was a particular source of concern for traders on Wednesday, suggesting elevated price pressures were still present across many categories. The print also overshadowed some other upbeat economic data on the labor market’s recovery, as initial unemployment claims dipped to reach a fresh pandemic-era low last week.

The broadest measure of consumer price changes rose by a staggering 6.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in October compared to the prior year, representing the biggest annual rise in 31 years.

“This is certainly telling us, I think, that price pressures are more persistent. They are broader. They are not just narrowly focused on those categories, whether it’s autos and the supply-constrained items. And it’s going to last longer than expected,” Matthew Luzzetti, Deutsche Bank chief U.S. economist, told Yahoo Finance Live.

Importantly, stickiness in inflation also suggests that the Federal Reserve will need to step in sooner than previously anticipated to raise interest rates in order to help bring rising prices in check. Markets are pricing in an initial hike to bring rates up from their current near-zero levels by mid-2022 — but more prints showing elevated inflation could pull those expectations forward, Luzzetti added. And already, consumers’ outlooks on inflation have increased considerably, with the New York Federal Reserve reporting this week that consumers’ short-term inflation expectations jumped to a record high of 5.7{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}.

“We do think that the Fed is going to have to raise rates next year. They’ve signaled that they’re going to taper through the middle of the year, and that’s our baseline at this point,” Luzzetti said. “But if you continue to see price pressures like this over the coming months and more persistent, it may cause them to have to act earlier than expected.”

—

4:05 p.m. ET: Stocks end mixed: Tech stocks lead Nasdaq comeback while Disney earnings letdown drags on Dow

Here were the main moves in markets as of 4:05 p.m. ET:

S&P 500 (^GSPC): +2.56 (+0.06{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,649.27
Dow (^DJI): -158.71 (-0.44{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 35,921.23
Nasdaq (^IXIC): +81.58 (+0.52{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 15,704.28
Crude (CL=F): -$0.17 (-0.21{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $81.17 a barrel
Gold (GC=F): +$17.00 (+0.92{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,865.30 per ounce
10-year Treasury (^TNX): 0 bps to yield 1.5600{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}

—

9:30 a.m. ET: Stocks hug the flatline

Here were the main moves in markets as of 9:30 a.m. ET:

S&P 500 (^GSPC): 4,655.17, +8.46 (+0.18{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a})
Dow (^DJI): 36,000.82, -79.12 (-0.22{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a})
Nasdaq (^IXIC): 15,728.25, +105.55 (+0.68{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a})
Crude (CL=F): $81.61 per barrel, +$0.27 (+0.33{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a})
Gold (GC=F): $1,863.40 per ounce, +$15.10 (+0.82{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a})
10-year Treasury (^TNX): flat to yield 1.5600{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}

—

7:47 a.m. ET Thursday: Stock futures recover some losses

Here’s where markets were trading ahead of the opening bell:

S&P 500 futures (ES=F): +16.25 points (+0.35{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 4,658.25
Dow futures (YM=F): +44 points (+0.12{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 35,036.00
Nasdaq futures (NQ=F): +98.25 points (+0.61{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 16,078.75
Crude (CL=F): -$0.59 (-0.73{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $80.75 a barrel
Gold (GC=F): +$12.30 (+0.67{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,860.60 per ounce
10-year Treasury (^TNX): +12.1 bps to yield 1.5700{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}

—

6:11 p.m. ET Wednesday: Stock futures drift lower ahead of inflation data

Here’s where markets were trading Wednesday evening:

S&P 500 futures (ES=F): +3 points (+0.06{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 4,645.00
Dow futures (YM=F): -8 points (-0.02{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 35,984.00
Nasdaq futures (NQ=F): +12.5 points (+0.08{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 15,993.00

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 8, 2021. REUTERS/Brendan McDermid

—

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter

November 11, 2021

Preliminary finance report shows Del Mar ahead of projections

DEL MAR — A city auditor’s preliminary financial report displays the Town of Del Mar in advance of budgeted revenues and expenses despite the troubles of the COVID-19 pandemic, but financial limitations will most likely stay for the town.

Thanks to the pandemic, the city’s funds for the Fiscal Yr 2020-2021 ended up considerably lowered in June in anticipation of a sluggish economic restoration. Changes ended up created to the projections for the city’s transient occupancy tax (TOT), profits tax, parking meter and parking violation revenues.

These adjustments resulted in a minimize of about $4 million in the city’s normal fund.

Even so, the preliminary report has discovered individuals revenues have exceeded the modified projections.

Irrespective of continue to be-at-property orders and other constraints because of to the pandemic, the town nevertheless was ready to deliver revenues from TOT and parking violations about 19{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} more than altered projections.

Revenue tax profits was also 16{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} better than the adjusted projections primary to higher than predicted Evaluate Q money, which the preliminary results display sits at $3.3 million.

Metropolis workers encouraged the Del Mar City Council carry more than $673,000 from the Evaluate Q Fund to the future fiscal year. Personnel also recommended a whole of $2,384,552 unspent cash to the Fiscal 12 months 2021-2022.

The council voted unanimously to approve staff tips.

Home tax income, which was not predicted to be significantly impacted by the pandemic but is the city’s major profits generator also had a modest enhance from projections in the last spending plan of $6,949,770 to a preliminary final result of $7,065,754.

Moreover, the city’s expenditures also outperformed the adjustments manufactured in June 2020, with the preliminary benefits for expenses for community security, public performs and non-departmental expenditures all coming below the adjusted projections.

Even so, monetary constraints will continue being for the town. Interim City Manager Ashley Jones knowledgeable the council the city’s do the job plan for the remainder of the fiscal yr will nevertheless take into account that the city’s staffing and money means do not see much place for transform.

“I imagine which is an significant message, not just for us but for the community, that even while factors are searching better than we projected, we’re nonetheless constrained,” Deputy Mayor Dwight Worden reported.

Councilmember Dave Druker, who voted to approve all workers suggestions with regards to the budget together with the rest of the council, was pissed off that the preliminary final results from the fiscal calendar year take as very long as they do to be concluded.

“It would be so good if we had been executing this back in August or September alternatively than November,” Druker claimed. “We’re not heading to have the last outcomes until almost 7 months into our latest budget 12 months and then we’re back a few of months later seeking to determine out the spending budget for the upcoming 12 months.”

Jones claimed metropolis team works as quickly as they can to get the preliminary final results to the council. The town said there are a number of invoices it does not get until finally September.

“I assure you that if we expedite someway we would, but we’ve looked at that system and it is really demanding for us,” Jones reported.

November 10, 2021

HIVE Blockchain Announces $110,020,000 Bought Deal Private Placement Financing to expand BTC production by an additional One Exahash per second in the Summer 2022

HIVE Blockchain Announces 0,020,000 Bought Deal Private Placement Financing to expand BTC production by an additional One Exahash per second in the Summer 2022

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE Solutions OR FOR DISSEMINATION IN THE UNITED STATES.

This news launch constitutes a “designated news release” for the functions of the Company’s prospectus nutritional supplement dated February 2, 2021 to its shorter variety foundation shelf prospectus dated January 27, 2021.

VANCOUVER, British Columbia, Nov. 09, 2021 (Globe NEWSWIRE) — HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBF) (the “Company” or “HIVE”) is delighted to announce that it has entered into an agreement with Stifel GMP as lead underwriter and sole bookrunner to incorporate a syndicate of underwriters (the “Underwriters”), whereby the Underwriters will purchase, on a acquired-offer basis, 16,670,000 distinctive warrants of the Organization (the “Special Warrants”) at a value of $6.00 for each Special Warrant for aggregate gross proceeds to the Business of $100,020,000 (the “Offering”). The completion of the Offering will be subject matter to receipt of all needed regulatory and corporate approvals or consents.

The Corporation will grant the Underwriters an solution to increase the measurement of the Featuring by up to an extra 15{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the Exclusive Warrants offered less than the Featuring, exercisable in entire or in section, at any time and from time to time up to 48 hrs prior to the Closing Day (as hereinafter outlined).

Each and every Unique Warrant shall entitle the holder thereof to acquire, matter to adjustment in particular situation and the Penalty Provision (as defined down below), and without payment of further thought, just one (1) device of the Enterprise (every single a “Unit”) on the training or considered exercise of each Exclusive Warrant. Every Unit shall consist of one (1) prevalent share of the Firm (a “Unit Share”) and one-50 percent (.5) of 1 typical share purchase warrant (each total prevalent share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to obtain just one frequent share of the Corporation (a “Warrant Share”) at a rate of $6.00 per Warrant Share for a period of time of 36 months following the closing of the Offering. The Unique Warrants will be exercisable by the holders thereof at any time following the Closing Day for no further consideration. All unexercised Special Warrants shall be considered exercised on behalf of, and with out any required action on the element of, the holders (which include payment of added consideration) on the previously of:

	(i)		the second company day following the day on which a last receipt is obtained from the British Columbia Securities Commission (the “BCSC”), as principal regulator on behalf of the securities regulatory authorities in each Province of Canada, besides Québec , for a (last) small variety prospectus qualifying the distribution of the Unit Shares and Warrants to be issued on training of the Unique Warrants (the “Qualification Date”) and
	(ii)		4:59 p.m. (Toronto time) on the date which is four months and a working day adhering to the Closing Day (the “Qualification Deadline”).

In the celebration the Qualification Date has not happened on or ahead of the day that is 45 days adhering to the Closing Day (the “Penalty Date”), every single outstanding Particular Warrant shall thereafter entitle the holder to obtain, on the physical exercise or considered exercise of just about every Unique Warrant, for no additional thought, 1.1 Units (the “Penalty Provision”).

The Enterprise anticipates the net proceeds of the Supplying will be applied for a program of data centre enhancement and miner / ASIC acquisition to boost hashrate by on just one Exahash for each 2nd, performing money needs and other normal company needs.

In thing to consider for their products and services, the Underwriters will get a money fee equivalent to 6{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the gross proceeds of the Giving.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any condition securities legislation, and accordingly, may possibly not be made available or offered in just the United States except in compliance with the registration needs of the U.S. Securities Act and applicable point out securities specifications or pursuant to exemptions therefrom. This press launch does not represent an offer to market or a solicitation to invest in any securities in any jurisdiction.

About HIVE Blockchain Systems Ltd.

HIVE Blockchain Systems Ltd. went public in 2017 as the very first cryptocurrency mining firm with a eco-friendly power and ESG technique.

HIVE is a advancement-oriented technology stock in the emergent blockchain marketplace. As a business whose shares trade on a major stock exchange, we are setting up a bridge in between the digital currency and blockchain sector and conventional money markets. HIVE owns state-of-the-artwork, environmentally friendly energy-powered facts centre amenities in Canada, Sweden, and Iceland, where by we resource only environmentally friendly electricity to mine on the cloud and HODL both of those Ethereum and Bitcoin. Because the beginning of 2021, HIVE has held in secure storage the the vast majority of its ETH and BTC coin mining benefits. Our shares present buyers with publicity to the functioning margins of digital forex mining, as very well as a portfolio of cryptocurrencies such as ETH and BTC. Due to the fact HIVE also owns tricky assets these kinds of as details centers and superior multi-use servers, we consider our shares supply traders an eye-catching way to acquire exposure to the cryptocurrency area.

We stimulate you to stop by HIVE’s YouTube channel below to understand far more about HIVE.

For much more facts and to sign up to HIVE’s mailing list, make sure you go to www.HIVEblockchain.com. Adhere to @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.

On Behalf of HIVE Blockchain Systems Ltd.
“Frank Holmes”
Government Chairman

For more information and facts you should make contact with:

Frank Holmes
Tel: (604) 664-1078

Neither the TSX Undertaking Trade nor its Regulation Companies Service provider (as that term is described in guidelines of the TSX Undertaking Exchange) accepts accountability for the adequacy or accuracy of this news release

Ahead-Wanting Facts

Other than for the statements of historical reality, this information launch consists of “forward-searching information” within just the which means of the relevant Canadian securities legislation that is primarily based on expectations, estimates and projections as at the day of this news launch. “Forward-seeking information” in this information release incorporates, but is not confined to, statements with respect to facts about the Featuring and the use of proceeds, potential dilution and application of the Penalty Provision company objectives and objectives of the Business and other forward-hunting data about the intentions, programs and foreseeable future steps of the get-togethers to the transactions described herein and the phrases thereon.

Things that could bring about real effects to differ materially from people described in these forward-seeking details consist of, but are not minimal to, the volatility of the digital currency marketplace the Company’s capacity to correctly mine digital forex the Enterprise may perhaps not be able to profitably liquidate its latest electronic currency stock as demanded, or at all a materials decline in electronic forex price ranges may have a sizeable detrimental impact on the Company’s functions the volatility of electronic forex price ranges continued outcomes of the COVID-19 pandemic might have a materials adverse influence on the Company’s overall performance as offer chains are disrupted and avert the Business from carrying out its expansion ideas or running its property and other related challenges as far more completely set out in the registration statement of Corporation and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com.

The forward-searching details in this news launch reflects the recent expectations, assumptions and/or beliefs of the Business dependent on info currently offered to the Firm. In connection with the ahead-searching facts contained in this information release, the Enterprise has created assumptions about the Company’s potential to comprehensive the Featuring the timing thereof and associated issues. The Enterprise has also assumed that no considerable gatherings take place outside of the Firm’s standard training course of organization. Though the Company thinks that the assumptions inherent in the forward-hunting information and facts are acceptable, ahead-wanting details is not a assure of long run overall performance and appropriately undue reliance should not be set on these details due to the inherent uncertainty therein.

November 9, 2021

Nashville hires new finance director | Local News

The Town of Nashville has a new finance director.

Mayor Brenda Brown launched the new finance director at past week’s assembly of the Nashville City Council.

“As you know Sam, our economic officer, remaining and we were being quite lucky to get John O’Keefe,” Brown said Wednesday through the council conference.

Samantha Sanchez, the town’s past finance director, resigned efficient Sept. 17. She experienced served in the position complete-time for virtually two several years but is relocating on to a new situation in the finance office for the Town of Wake Forest, Nashville Town Manager Randy Lansing said in a latest job interview.

O’Keefe introduced himself to city council customers Wednesday, saying that he started off in his new part the previous 7 days.

“I am however discovering the ropes, but ideally, I will exceed your expectations,” O’Keefe told council associates.

O’Keefe said he is a qualified community accountant who used to provide as an auditor with CPA organization Thompson, Cost, Scott and Adams.

“We audited about 40 municipalities, so I am properly versed in area governments of all measurements,” O’Keefe said. “One of the shoppers we did an audit for was Nash County, so I remembered that I favored this region, and I am happy to be back.”

O’Keefe most recently labored with the finance division of Orange County.

The City of Nashville has had some upheavals in the finance office above the past number of a long time given that previous Finance Director Linda Modlin was fired at around the identical time that former City Supervisor Hank Raper was dismissed in June 2018. Modlin served as the town’s finance director from Aug. 19, 2014, to June 29, 2018, but was on administrative depart for the final several weeks of her tenure.

Lynne Hobbs, who is now a town councilwoman, served briefly as interim deputy finance director for the town from June 4, 2018, until eventually Melonie Bryan was hired to serve as interim finance director on July 30, 2018.

Bryan served as the town’s interim finance director for the upcoming yr. For the duration of this time, Russell Langley was employed as the assistant finance director on Feb. 26, 2019 and was qualified with the intention of owning him just take on the position of finance director pursuing a probation period of time. Nevertheless, he resigned on Aug. 26, 2019, right before assuming the part of finance director.

Sanchez was hired on Sept. 30, 2019 and has served as the town’s finance director ever because. All through that time, she was mostly dependable for the town’s modern removal from the Area Government Commission’s enjoy record, Lansing stated. The town had been on that watchlist for the reason that of late audit reviews and issues above sure money tactics heading as much back as 2018.

Lansing mentioned he feels O’Keefe will carry encounter and professionalism to the occupation.

“I think he is going to in shape appropriate in here,” Lansing said. “We are not going to pass up a conquer. Anytime you have another person who has audited cities and municipalities, you know they have a good understanding of town finances.”

The town council also held two public hearings on Wednesday, a person about the adoption of a new town constitution and the other about a short-term street closure.

No one particular appeared at the meeting to discuss about adjustments to the town constitution that will tremendously streamline the document.

Even so, Town Councilwoman Louise Hinton explained that she feels the city wants to tap the brakes before going in advance with adopting the charter, which was modified from one particular now utilized by the Town of Creedmoor.

Hinton reported she feels the city wants to have a do the job session to glance at the charter in more depth.

“This is just a extremely bare bones and generic constitution,” Hinton explained.

The city strategies to schedule a general public perform session to assess the present charter to the new constitution and clarify why every provision that was taken out was eliminated. In accordance to the rationalization of the constitution specified at the past city council conference, a lot of of the original provisions in the constitution are now outdated since they currently fall below condition standard statutes.

The date for that get the job done session has not yet been declared.

One more public hearing was held concerning Nash County’s ask for to briefly shut a 175-foot part of Drake Avenue for 18 months to let for development of the new Nash County Detention Heart. Site visitors to the community driving Drake Road will be rerouted as a result of the parking lot behind the detention centre, Jonathan Boone, Nash County utilities and facility director, explained at the assembly.

A person lady who is a resident of the community that will be afflicted by the closure expressed her fears about the inconvenience the closure will bring about to her neighborhood and her worry about whether or not crisis automobiles could get via to her and her neighbors.

Immediately after some dialogue, council users voted unanimously to approve the evaluate.

“Because of safety actions, we never really have a alternative,” Councilman Larry Taylor claimed. “I am in favor of the short term Drake Road closure mainly because it has to be carried out. But we have to have to spend close awareness to the way these folks are being inconvenienced and have discussions with Nash County if there is a problem.”

November 8, 2021

Chancellor Li Announces UNO Business and Finance, Human Resources Updates | News

University of Nebraska at Omaha (UNO) Chancellor Joanne Li, Ph.D., CFA, introduced now a sequence of Office of Business enterprise and Finance updates that will help the unit’s mission of furnishing considerate stewardship of money, infrastructure, and human resources.

Jim Kamm Named UNO Interim Vice Chancellor for Business and Finance

Jim Kamm, who has served as assistant vice chancellor for business enterprise and finance at UNO considering that 2019, will provide as interim vice chancellor for Business enterprise and Finance for the university efficient instantly. In this interim part, Kamm will oversee all spending budget, finance, operational and administrative expert services in assist of the chancellor. Organizational units housed under Small business and Finance involve Accounting Solutions Auxiliary Providers Funds Company Devices Technological innovation Cashiering and University student Accounts Compliance Amenities Management and Preparing Grants Accounting Human Sources UNO Public Security and the Office of Chance Management.

“Oversight of the business mission for an bold college like UNO involves extraordinary organizational skills, a trouble-solver frame of mind, and an excitement for the potential,” Li stated. “Jim Kamm possesses every of these characteristics and far more, which makes him the best healthy to direct this Finance unit all through a period of time of transition.”

A nationwide lookup for a entire-time vice chancellor for Company and Finance is underway. The search committee is chaired by Faculty of Small business Administration Dean Michelle Trawick and includes representatives from UNO, the Omaha group, and the College of Nebraska Procedure.

Committee users:

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Chris Kabourek – Vice President for Small business & Finance, College of Nebraska Process

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Jennifer Hamann – Chief Financial Officer, Union Pacific

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Jim Smith – Executive Director, Blueprint Nebraska

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John Bartle – Dean, UNO College of Public Affairs and Neighborhood Assistance

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Susan Eldridge – Associate Dean for School, Research and Preparing, UNO School of Company Administration

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Sara Myers – Assistant Vice Chancellor for Investigate and Inventive Activity, UNO Office environment of Study and Artistic Exercise

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Denise Kjeldgaard – Director of Auxiliary Providers, UNO Business of Business enterprise and Finance

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Drew Nielsen – Compliance Officer, UNO Business office of Enterprise and Finance

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Makayla McMorris – Main Communications and Marketing Business office, UNO College Communications

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Prior to becoming a member of UNO, Kamm had an attained career in the monetary products and services sector, such as company banking, keeping senior leadership roles at Nebraska primarily based financial institutions. He is a UNO alumnus, earning his MBA in 1994, and he attained his Bachelor of Science diploma in Company Administration from the University of Nebraska-Lincoln. He also completed the Stonier Graduate School of Banking system at Georgetown College and has beforehand served as an adjunct teacher in the College of Small business Administration.

Steven Kerrigan Named UNO Assistant Vice Chancellor for Human Means, Aileen Warren to Focus on UNMC Job

Steven Kerrigan, who at present serves as the director of labor relations for Omaha Community Electricity District (OPPD), will presume the role of assistant vice chancellor for human means for UNO on Dec. 6. He has served in his existing part with OPPD due to the fact 2015 and has far more than 20 many years of skilled activities in legal, labor relations, and human sources fields. He is an Omaha indigenous and an NU method graduate, getting equally his J.D. and bachelor’s degree from the College of Nebraska-Lincoln.

Aileen Warren, who has held a twin appointment of associate vice chancellor and director of human sources at UNO and the College of Nebraska Medical Center (UNMC) due to the fact July 2020, will changeover out of the purpose and target on UNMC obligations. Li congratulated Kerrigan and thanked Warren for her help for UNO.

“Leading human sources for two campuses is a tall process, but Aileen Warren rose to the occasion with her enthusiasm for individuals and motivation to UNO’s mission. She aided established the leadership and organizational tone for Human Assets and I can’t thank her enough for her service,” Li said. “Steve Kerrigan will convey to Human Resources a one of a kind set of abilities, insights, and experiences that will help us capitalize on new chances and navigate any challenge. Our institution and the countless numbers of Mavericks who perform and increase right here will gain greatly from his management.”