National Securities Markets Improvement Act of 1996

Medallion Resources Extends Maturity of Unsecured Promissory Notes

Retrieved on: 
Monday, July 31, 2023
Purdue Research Park, TSX Venture Exchange, MDL, Note, National Securities Markets Improvement Act of 1996, Security (finance)

VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce that the holders of the Company’s US$1,150,000 Principal Amount unsecured promissory notes (the “Notes”) originally due August 2, 2023 (see press release dated August 4, 2022) have agreed to extend the maturity date to October 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce that the holders of the Company’s US$1,150,000 Principal Amount unsecured promissory notes (the “Notes”) originally due August 2, 2023 (see press release dated August 4, 2022) have agreed to extend the maturity date to October 31, 2023.
  • In consideration for the extension and cancellation of equity-related rights as mentioned above, the Company has agreed to pay the Note holders a loan bonus of US$100,000 capitalized in the Notes on August 2, 2023 and to increase the interest rate to 15% pa for the period from August 2, 2023 to October 31, 2023.
  • The total amount due on October 31, 2023 will be US$1,356,531 (Cdn$1,795,000 at the current exchange rate).
  • The loan extension provides the Company with additional time as it seeks to secure US$5 million funding by September 30, 2023 to fulfill its commitment under the technology license agreement with Purdue Research Foundation.

Moloney Securities Customers: 78-Year-Old Widow Loses $100,000 at the Advice of Moloney and Matthew Franchina

Retrieved on: 
Monday, October 3, 2022
Income, Security, Western, National Securities Markets Improvement Act of 1996, GWG, Richard L. Bond, Investment, Retirement, GLOBE, Security (finance), FINRA, Centaurus

HUNTINGTON BEACH, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- A 78-year-old widow suffering from Parkinsons disease has lost $100,000 in GWG Holdings, Inc. (OTCMKTS: GWGHQ) L Bonds at the advice of Moloney Securities and Matthew Franchina.

Key Points: 
  • HUNTINGTON BEACH, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- A 78-year-old widow suffering from Parkinsons disease has lost $100,000 in GWG Holdings, Inc. (OTCMKTS: GWGHQ) L Bonds at the advice of Moloney Securities and Matthew Franchina.
  • Instead, Franchina and Moloney recommended the purchase of two GWG L Bonds in March 2021, representing them as suitable for her investment objective.
  • The investor had never heard of GWG L Bonds, so she completely relied on the information and representations made by Franchina and Moloney Securities.
  • According to securities attorney Lawrence L. Klayman, Esq., Moloney and Franchina took advantage of our clients fragile state.

Medallion Resources Announces Receipt of $1.286 Million From Issuance of Unsecured Promissory Notes

Retrieved on: 
Thursday, August 4, 2022
Note, MDL, U.S. Securities and Exchange Commission, Company, Purdue University, Coal, TSX Venture Exchange, Electronics, Rare-earth element, Transport, Robotics, CDN, News, Prospectus, LAD, Forward-looking statement, Life-cycle assessment, National Securities Markets Improvement Act of 1996, Decision-making, GLOBE, Medal, Conversion, Nasdaq, Purdue Research Park, Partnership, Security (finance)

For clarity, while the Companys shares continue to be listed on the TSXV, the Note cannot be converted and the warrant cannot be exercised.

Key Points: 
  • For clarity, while the Companys shares continue to be listed on the TSXV, the Note cannot be converted and the warrant cannot be exercised.
  • REEs are critical inputs to electric and hybrid vehicles, robotics, electronics, imaging systems, wind turbines and strategic defense systems.
  • Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing, and the safe management of waste materials.
  • Medallion management takes full responsibility for the content of and has prepared this news release.

Ceros Financial Services Announces Partnership Agreement With Forte Capital Group

Retrieved on: 
Thursday, July 28, 2022
Investment, RIA, Innovation, Risk factor, Airbnb, CEO, Partnership, Risk, Pinterest, Nature, Irish Section 110 Special Purpose Vehicle (SPV), Forte, Private placement, Ceros, Lists of political entities by century, Goldwasser, National Securities Markets Improvement Act of 1996, Uber, Financial services, Financial adviser, Spotify, Palantir Technologies, Private

MIAMI, July 28, 2022 /PRNewswire/ -- Ceros Financial Services announced that it has reached a partnership agreement with Forte Capital Group, a financial advisory firm based in New York City with approximately $1 billion in client assets and 45 registered representatives and its affiliate, Innovation X Advisors, a leading late stage venture capital firm.

Key Points: 
  • MIAMI, July 28, 2022 /PRNewswire/ -- Ceros Financial Services announced that it has reached a partnership agreement with Forte Capital Group, a financial advisory firm based in New York City with approximately $1 billion in client assets and 45 registered representatives and its affiliate, Innovation X Advisors, a leading late stage venture capital firm.
  • "We think that Forte will be a highly strategic complement to both our Ceros Capital Markets investment bank and our Advisors Preferred mutual fund business.
  • With Forte Capital we will become a significantly larger firm, offering wider distribution and greater product diversification," said Mark Goldwasser, CEO of Ceros Financial Services.
  • Goldwasser acquired Ceros Financial Services in 2019 with partners Chris Dewey and David Brown.