Category: Daily Finance

Atlas Lithium Appoints Industry Veteran Nicholas Rowley as Vice President of Business Development

Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”) is pleased to announce the appointment of Mr. Nicholas Rowley as its Vice President of Business Development effective immediately. Mr. Rowley brings over a decade of experience with many strong relationships built over time throughout the global lithium space. Atlas Lithium plans to develop an environmentally friendly and efficient facility to produce lithium concentrate in Brazil’s Lithium Valley. The Company owns a large portfolio of mineral rights for hard-rock lithium in the state of Minas Gerais where Lithium Valley is located.

Mr. Rowley joins the Atlas management team following a lengthy and highly successful career at Galaxy Resources Limited, a lithium-focused company with assets spanning Australia, Canada, and Argentina where he held several key roles, most notably Director of Corporate Development. In this position, he contributed significantly to the growth and enhancement of the Galaxy portfolio of assets through partnerships and divestitures and later to the implementation of its AUD 6 billion merger with Orocobre Limited in 2021, creating Allkem Limited, one of the world’s largest lithium producers.

Mr. Rowley is also the founder and Chief Executive Officer of Electramin, a global battery metal trading company. In addition, he is the founder and executive director at RTEK International, which has offered mining engineering, planning and business development services to hard-rock lithium explorers and producers worldwide. Mr. Rowley holds a Bachelor’s degree in Finance and Management from the University of Notre Dame, Australia.

“I am delighted to welcome Mr. Rowley to our management team,” said Marc Fogassa, Chairman and Chief Executive Officer of Atlas Lithium. “It is a testament to the strength of Brazil’s Lithium Valley as a mining jurisdiction that we can attract such talent. Atlas Lithium has been approached by multiple companies within the global lithium space seeking to learn more about our exciting project and Nick will rapidly advance those conversations. Additionally, given his experience with lithium projects that transitioned from explorer to producer, I believe that Nick will add tremendous value in our continued progress towards the production stage.”

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, “Atlas Lithium” or “Company”) and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-Q filed with the SEC on August 14, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:
Michael Kim or Brooks Hamilton
MZ Group – MZ North America
+1 (949) 546-6326
ATLX@mzgroup.us
https://www.atlas-lithium.com/
@Atlas_Lithium


AcroMeta’s Laboratory Construction Business Rides on Singapore’s Pandemic Readiness Strategy

ACROMETA Group Limited, an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, announced today that its wholly-owned subsidiary company Acromec Engineers Pte Ltd has been awarded a S$19 million contract for the design and construction of a 1,500 sqm high containment biosafety level research laboratory.

The facility is designed for research on highly infectious pathogens potentially carried by infected animals and spread through airborne transmission.

The state-of-the-art project involves the construction of a high containment biosafety laboratory using modular panels for both reliability and durability to withstand long periods of hard usage and repeated commissioning. Construction would be carried out in a ‘live’ building with many existing tenants without affecting their operations. The facility is expected to be completed and certified by 2024 and will be compliant with WHO and MOH high containment facility standards.

Mr Lim Say Chin, ACROMETA’s Executive Director and Chief Executive Officer, commented: “The award to Acromec is a testament to our engineering experience and capabilities. With its expertise and established track record in controlled environments engineering, AcroMeta is positioned to benefit from the construction of such laboratories as governments in the region strengthen their biomedical R&D capabilities to counter threats from infectious diseases.”

Acromec, the wholly-owned engineering subsidiary of the Group, is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments. It has designed and built several high biosafety level R & D laboratories and manufacturing facilities for biomedical companies, such as 10X Genomics, Integrated DNA Technologies, and GenScript.

Research laboratories a vital link in Singapore’s pandemic readiness strategy

Singapore emerged from the Covid-19 pandemic as one of the countries that scored high marks for its handling of the crisis. Every aspect of the pandemic was systematically studied, monitored, and appropriate actions taken – from procurement and cold storage of vaccines for the entire resident population, to laboratory testing and identification of each mutated variant of the virus as it evolved.

But the pandemic also revealed the need for Singapore to be prepared for future pandemics. The government has implemented the findings of the Covid-19 White Paper published on 8 March 2023 which detailed the 7 lessons to be learned from the pandemic and implemented a pandemic readiness strategy. The strategy takes a whole-country approach and involves participation by, and collaboration with the private sector as well as with the entire population.

Mr Levin Lee Keng Weng, ACROMETA’s Executive Chairman, added: “Laboratories for the testing, identification and carrying out of research with live virus is a vital link in the Singapore government’s preparedness strategy for future pandemics. These laboratories are not standard laboratories but highly specialised facilities; the design and construction of which can only be done by a handful of controlled environments experts such as Acromec.”

This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited. It has not been examined or approved by the Singapore Exchange Securities Trading Limited, and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.

Reference:
https://links.sgx.com/1.0.0/corporate-announcements/QYHDGZS2TXQ25H0Q/cc60f5adb8665785b09fc0d7833240cd9253d57800c21ff2906079f092b27884

https://links.sgx.com/FileOpen/Acrometa-ProjectWinPressRelease_15Aug2023IDLabs%20-%20Final.ashx?App=Announcement&FileID=769346

About ACROMETA Group Limited (SGX Stock Code:43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical, and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore, serving SMEs and startups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA’s customers include hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.

Media and Analysts Contact:

ACROMETA Group Limited
Ms. Cheah Lai Min
Chief Financial Officer
Tel: +65 6415 0574
Email: laimin.cheah@acrometa.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg, query@waterbrooks.com.sg

ng, Vietnam.

This year’s theme, “Innovating for Sustainability: The Future of Agriculture and the Food System”, aims to highlight the importance of sustainable innovation in shaping the future of agriculture and the overall food system. The summit will provide a platform for leading experts and stakeholders in the field to exchange insights, discuss strategies, and identify solutions for pressing issues related to food security and sustainability.

Speakers at the summit include esteemed figures such as Remi Nono Womdim, Representative of the Food and Agriculture Organization of the United Nations (FAO) in Viet Nam; Nguyen Anh Phong, Director of The Information Centre for Agriculture and Rural Development (AGROINFO); and Hoang Thanh Vinh, Program Analyst at the Climate Change and Environment Unit (CCEU) at UNDP.

The speaker line up also includes Caleb Wurth, Regional Director of Southeast Asia and Oceania for the U.S. Grains Council; Timothy Loh, Regional Director, S.E. Asia & Oceania, U.S. Soybean Export Council (USSEC), Singapore; and Vu Thi Khac, Director Of Science and Quality Management Department, Institute Of Science Technology and Environment.

Key topics to be discussed during the summit include:

1. Agriculture’s Future is Driven by Sustainable Innovation
2. Managing Risk and Reacting to Volatility: Farmers’ Perspective
3. Agriculture’s Future: What to Expect?
4. Implementing New Generation Techniques for Commercial Agriculture
5. Reducing Food Loss Amid the Global Food Crisis
6. Climate Smart Agriculture: Stimulating Sustainable Production and Building New Market
7. When Sustainable Aquaculture Comes to The Rescue of Environmental Preservation
8. Smart Commodities – Enabling Supply Chain Traceability from Farm to Fork
9. How is Agriculture Providing a Safe Haven for Investment?
10. Elevating the Sensory Experience: Advancing Taste, Texture & Performance
11. Food Security: Providing Sufficient Safe, Nutritious and Healthy Food for Everyone.
12. Food Inflation and Nutrition Security Situation in Developing Asian Countries.

The summit will be co-located with The 15th Annual Global CSR & ESG Summit and Awards 2023, allowing participants to attend both events for a comprehensive and enriching experience.

For more information about the 3rd Global Food Security & Sustainability Summit 2023, please visit https://foodsecure.global

About The 3rd Global Food Security & Sustainability Summit 2023
The 3rd Global Food Security & Sustainability Summit 2023 is an annual gathering that brings together global leaders, experts, and stakeholders in the field of food security and sustainability. The summit aims to promote innovative and sustainable solutions for global food security and the future of the agriculture and food system.

Press Contact:
Chelvan Naicker
chelvan@pinnaclegroup.global
+65 81803575

The Institute of Chartered Accountants of India (ICAI) organises RESOLVE-2023, an Exclusive International Convention on Insolvency Resolution

For the first time in its 75-years history, The Institute of Chartered Accountants of India (ICAI) will hold a mega convention overseas in Singapore. This unique international convention — RESOLVE-2023 is a highly anticipated conference that will revolve around the overall “Insolvency Resolution” ecosystem. The Convention will be held at Singapore’s Grand Copthorne Waterfront Hotel on 4th & 5th August, 2023 and will explore into numerous aspects of the insolvency resolution including innovative and best practices, and models to review and redesign the legal framework of the proceedings.

The grand event will bring under one roof about 300 industry leaders, financial experts and distinguished guests for two days of knowledge enrichment and networking while offering them insights into the world of insolvency from across the globe. The Guest of Honour for the programme is Mr. Vikram Nair, Hon’ble Member of Parliament for Sembawang GRC, Republic of Singapore and some of the special guests and thought leaders who are participating are H.E Dr. Shilpak Ambule, High Commissioner of India to Singapore, Hon’ble Justice Ashok Bhushan, Chairperson, National Company Law Appellate Tribunal, Mr. Justice (Retd.) Arjan Kumar Sikri, Ex Judge, Supreme Court of India, Mr. Francis Ng SC, Official Assignee & Public Trustee, Ministry of Law, Singapore, Mr. Sudhaker Shukla, Whole Time Member, Insolvency and Bankruptcy Board of India, besides the top dignitaries and leadership of the Indian accounting profession, CA. Aniket Sunil Talati, President, ICAI and CA. Ranjeet Kumar Agarwal, Vice President, ICAI.

The discussions will encompass topics of significance like Alternative Dispute Resolution, Trend Analysis in Global Debt Resolution, Group Insolvency, Opportunity for International Funds, Essence of Insolvency Timelines, Innovative Approaches to Resolution, Role of Regulators & Policy Makers for an Effective Ecosystem, Role of Creditors, Market Dynamics for Stressed Assets, Valuation, Transaction Review etc.

Adding more insights on the RESOLVE-2023 CA. Aniket Sunil Talati, President, ICAI said, “A comprehensive and coherent Insolvency Resolution Framework is one of the core pillars of economic growth of any nation and a strong resolution framework is indispensable for laying down the foundation for future sustainable development. RESOLVE-2023 will provide a unique learning opportunity for professionals across the world to learn and share the best practices and developments in the space of insolvency resolution. Let us all professionals fully gear up and wholeheartedly Involve to Resolve.”

Speaking for the occasion CA. Ranjeet Kumar Agarwal, Vice-President, ICAI said, “Economic stability and prosperity require an effective insolvency resolution framework. The need for strengthening the insolvency resolution framework has assumed great importance recently. This Convention will facilitate networking and indulge in deep insight and cross-jurisdiction experience sharing with globally diverse practitioners through interactive discussions.”

CA. Gyan Chandra Misra, Chairman, Committee on Insolvency & Bankruptcy Code, ICAI added that, “RESOLVE-2023 Convention has been carefully crafted to facilitate the sharing of unparalleled knowledge and insights regarding best practices and emerging global developments in the field. It offers extensive networking opportunities for professionals in this domain and serves as a platform for professional enrichment in contemporary and emerging areas on a global scale.”

For this momentous convention, CA. Somnath Adak, Chairman of the ICAI Singapore Chapter shared, “The Convention has been designed in a way as to enable sharing of knowledge with unsurpassed depth and breadth about the best practices and emerging global developments in this sphere. ICAI Singapore Chapter, being the Ambassador of ICAI in Singapore is proud to host this event.”

About ICAI

The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament viz The Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountants in India. The ICAI functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India, with more than 830,000 students & over 390,000 members, ICAI is the largest professional accounting body in the world, with a strong tradition of service to the nation. Today ICAI has a wide network of 5 Regional Councils and 168 Branches in India. It has 46 Overseas Chapters and 34 Representative Offices and a presence in 80 cities of 47 countries of the world.

Singapore Chapter of ICAI is a well-regarded professional body in Singapore. It plays a pivotal role in the professional development of Chartered Accountants in Singapore by curating & hosting professional events, webinars, and knowledge series events.

For media prc@icai.in
Jyoti Singh
9999926198

Atlas Lithium Expands Anitta Pegmatite Trend to 2.3 Kilometers; Confirms Near-Surface Mineralization with Trenching

Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading mineral exploration company, is pleased to announce the southwest expansion of the Company’s flagship Anitta pegmatite trend from 1.8 to 2.3 kilometers in length. Anitta is located within the Neves Project, a cluster of four lithium mineral rights that are part of Atlas Lithium’s 100%-owned Minas Gerais Lithium Project in Brazil’s Lithium Valley, an established hard-rock lithium producing jurisdiction.

The increase in size was a result of identification of new targets to the southwest which were subsequently drilled and found to contain spodumene, a lithium-bearing mineral. This has allowed the expansion of Anitta to an area now measuring approximately 2.3 kilometers in length by 500 meters in width. Because of such increase, and as multiple additional targets are available for future drilling, the decision was made to rename various segments in an ascending fashion for ease of logistics: “North Anitta” is now “Anitta 1”, “South Anitta” is now “Anitta 2”, and “Anitta 2” is now “Anitta 3,” as illustrated in Figure 1. Overall, Anitta remains open to further extension laterally, along strike to the southwest, and at depth.

The Company’s drilling campaign to date has yielded high grades of lithium mineralization close the surface in both Anitta 2 and Anitta 3. In Anitta 2, drill hole DHAB-85 showed mineralized spodumene starting at only 3 meters depth. More recently, in Anitta 2, two trenches have shown at least 40 meters of lithium-containing pegmatite at near surface as Figure 2 and Figure 3 indicate.

In Anitta 3, drill hole DHAB-185 intersected 5.23% Li2O at only 9 meters depth, and drill hole DHAB-200 yielded a cumulative total of 46.7 meters of mineralized spodumene starting at only 54 meters depth, including 18.3 meters at an average grade of 1.51% Li2O.

Strong lithium mineralization at near-surface depths in both Anitta 2 and Anitta 3 is an important differentiator for the Company’s assets. Such locations may become, over time, sites for open pit mining, a modality which allows for faster and less costly operational development.

Marc Fogassa, Atlas Lithium’s CEO and Chairman, commented, “We are highly encouraged by the expansion of our Anitta pegmatite trend. Additionally, since our goal is to become a cost-effective lithium producer, we are thrilled by the ongoing discoveries of high-grade lithium mineralization at near-surface levels which makes these areas strong candidates for open pit mining.”

Figure 1: Atlas Lithium’s Anitta pegmatite trend with some drilling highlights
https://images.newsfilecorp.com/files/6706/175378_33fbe687f41e3b20_002full.jpg

Figure 2: Trench in Anitta 2 showing lithium-bearing pegmatite at near-surface level
https://images.newsfilecorp.com/files/6706/175378_33fbe687f41e3b20_003full.jpg

Figure 3: Detail of trench in Anitta 2 showing lithium-bearing pegmatite at near-surface level
https://images.newsfilecorp.com/files/6706/175378_33fbe687f41e3b20_004full.jpg

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. The Company’s exploration mineral rights for lithium cover approximately 308 km2 and are located primarily in Brazil’s Lithium Valley. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2). The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, “Atlas Lithium” or “Company”) and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-Q filed with the SEC on May 15, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:
Michael Kim or Brooks Hamilton
MZ Group – MZ North America
+1 (949) 546-6326
ATLX@mzgroup.us
https://www.atlas-lithium.com/
@Atlas_Lithium

Kitchen Culture: Resolution of rental arrears and other legacy issues addressed

The Board of Directors of Kitchen Culture Holdings Ltd is pleased to announce the appointment of new Directors to the Board to move the Company forward from its recent troubled history. This is in line with the Board’s objective to usher in a new era of transparency, accountability and business expertise.

The Board is pleased to announce the significant progress in resolving some of these issues.

The Company had received a letter of demand on 14 March 2023 from CDL Properties Ltd in relation to the Company’s alleged default of the lease agreement between the Company and CDL. The Company was subsequently evicted from its premises by CDL on 16 March 2023. The Board is pleased to announce that the Company has reached a settlement with CDL on 21 July 2023 to fully settle rental arrears and reinstate the office in Republic Plaza.

The Board’s priority has been to resolve outstanding legacy issues, including negotiating with creditors to resolve all long overdue liabilities, engaging an external auditor to audit the FY2022 financial statements, working with the special auditor to complete the special audit, and strengthening the Company’s internal controls.

In addition, the Board received a letter of demand from Mr Tan Gin Tat on 17 July 2023 for the S$1.5 million loan extended to the Company in the year 2022, as this is one of the legacy issues requiring resolution. The Board is currently seeking legal advice on this matter and will update shareholders in due course.

The Board had on 21 July 2023 announced that the Special Audit in relation to the Payroll Matter and the Transaction as announced by the Company on 29 September 2021, as agreed under the scope of work of the Special Auditors, has now been completed. The Board will now engage with relevant professionals to address the issues and recommendations raised from the Special Audit. In relation to the appointment of a new external auditor, the Board has identified a suitable external auditor and will be seeking shareholders’ approval for the appointment in due course.

The Board is also focused on fundraising and evaluating sustainable business opportunities to ensure the Company’s future success. As part of these efforts, the Company will be releasing a detailed business update as soon as practicable.

“We understand that the Company has faced significant challenges in the past, and we are committed to addressing these issues and moving forward.” said Mdm Hao Dongting, Non-Executive Chairperson of the Board. “We are confident that with the right strategies and execution, Kitchen Culture will be able to create sustainable growth and long-term shareholder value. Meanwhile, the Board will be conducting a thorough review of the Company’s operational and financial procedures and implement policies and procedures that ensure the Company is run in a transparent, responsible and efficient manner.”

“On behalf of the Board, we would like to express our gratitude to the Company’s employees, customers, and partners for their continued support during this transition period. We look forward to working closely with all stakeholders to ensure a successful future for the Company”, added Mdm Hao.

Reference 1:
https://links.sgx.com/1.0.0/corporate-announcements/WNQSOC0ID4TO935Y/f4d36cf0925be5e34e49c820ebdeddb24fbb7cdd3559ef696d5b6967e350d058
Reference 2:
https://links.sgx.com/FileOpen/KC%20Annct%20-%20Update%20on%20Letter%20of%20Demand.ashx?App=Announcement&FileID=766248

For media queries, please reach out to:
Waterbrooks Consultants
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

Proud Investor Relations partner: https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/

This media release has been reviewed by the Company’s sponsor, SAC Capital Private Limited (the “Sponsor”). This media release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release.

The contact person for the Sponsor is Ms Lee Khai Yinn (Telephone: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

RHTLaw Asia Expands Debt Recovery Expertise with New Partner Addition

RHTLaw Asia, a regional law firm headquartered in Singapore, has appointed Mr Vernon Voon as Partner to oversee the firm’s debt recovery portfolio.

Vernon brings extensive experience and expertise in assisting clients with debt recovery litigation and management. Since 2004, he has honed his skills in this specialised field, successfully handling a wide range of cases involving the recovery of unsecured and secured debts and the resolution of complex payment issues related to debentures, bonds, and other financial facilities.

“With a deep understanding of the complexities involved in debt recovery, I am committed to delivering effective solutions to our clients in their pursuit of debt resolution and recovery. I am excited to collaborate with the talented team at RHTLaw Asia and contribute to the firm’s continued success,” said Vernon.

Vernon’s comprehensive legal background includes appearances before Singapore International Commercial Court, a Singapore High Court division renowned for handling transnational commercial disputes. He has valuable experience in general litigation, advising clients and arguing cases before respected entities like the Strata Titles Board, State Courts, and High Court. He has also aided in cases brought before the Court of Appeal.

RHTLaw Asia Managing Partner, Mr Azman Jaafar, said, “We are very familiar with Vernon, and we are excited to have Vernon back as a Partner leading the debt recovery practice. Vernon will be a valuable asset to our firm’s multidisciplinary approach to practice.”

About RHTLaw Asia LLP

RHTLaw Asia LLP is a leading regional law firm headquartered in Singapore with a network of offices in over 88 cities across Asia, Oceania, the Middle East and Africa through the ASEAN Plus Group (APG) comprising over 2,000 lawyers. We help clients understand the local challenges, and navigate regional complexities to deliver the competitive advantage for their businesses in Asia. RHTLaw Asia is a member of the Interlex Group, a global network of leading law firms, and HLB, a global network of independent advisory and accounting firms.

RHTLaw Asia is a member of ONERHT, an integrated network of multidisciplinary professional and specialist services which empowers stakeholders to achieve purposeful growth. For more details, please visit www.rhtlawasia.com

For media queries, please contact:
Elliot Siow / elliot.siow@rhtgoc.com / +65 8375 0417

Q&M Free Dental Clinic launched to provide free essential dental treatments for underprivileged individuals and families

Q&M Free Dental Clinic Limited, a registered charity under the Commission of Charities, has opened its first Q&M Free Dental Clinic in Chai Chee dedicated to delivering essential dental treatment for underprivileged individuals and families in need.

The opening ceremony at 26 Chai Chee Rd was witnessed by Guest-of-Honour Ong Ye Kung, Minister for Health; and Tan Chuan-Jin, Speaker of Parliament, and Adviser to Marine Parade GRC Grassroots Organisations (Kembangan-Chai Chee).

In its first phase of operations, the free clinic will be staffed by more than 50 volunteer dentists from Q&M Dental Group, on a rotational basis and is expected to serve up to 1,400 patients each year. Eligible patients will be initially referred by grassroots organisations within Kembangan-Chai Chee Division and will receive free dental consultation and treatments that are essential to oral health, such as scaling and polishing, fillings, and extractions.

Mr Tan Chuan-Jin, Speaker of Parliament, and Adviser to Marine Parade GRC Grassroots Organisations (Kembangan-Chai Chee), said, “In Kembangan-Chai Chee, preventive healthcare has been an essential pillar of our social initiatives, besides food security and education. While we have made inroads with health screening, vaccinations, and general health management, we realise that oral health has often been overlooked, especially for our underprivileged residents.

“Hence, the idea of a free dental clinic was mooted over lunch with Dr Ng and I in August 2021 and we are grateful to have Q&M Dental Group partnering with us in this meaningful journey. This initiative is also timely as it fits perfectly into our nationwide Preventive Healthcare Program – Healthier SG,” he added.

Dr Ng Chin Siau, Group CEO of Q&M Dental Group said, “With the continued support of our generous donors and volunteer staff, we aim to ramp up the current capacity to serve up to 5,000 patients per year in the free clinic’s next phase of operations, in line with our goal to make dental care accessible to all.”

Q&M Dental Group led the fundraising efforts to fully equip and set up the free dental clinic, donating S$500,000 to fund the initial costs of renovations and equipment. In total, close to S$1 million was raised together with the support of other key donors including Quan Min Holdings, Straumann, Belmont, Prof Hwang Yee Cheau, Madam Kong Siew Yin, Ng Kok Mee, Navi Corporate Advisory Pte Ltd and Dr Ng Chin Siau, in his personal capacity.

“The generosity of our donors will make a lasting impact on the lives of the underprivileged, providing essential dental care for them and creating a healthier community overall. We look forward to collaborating with other stakeholders to reach out to more patients in need and galvanise the medical community to contribute their expertise and resources to ensure everyone has access to essential healthcare services,” added Dr Ng.

Dr Mohanarajah s/o S. Senathirajah, Chairman of Q&M Free Dental Clinic Limited, said, “We are really excited to launch the Q&M Free Dental Clinic knowing that we will make a meaningful contribution in the lives of the underprivileged amongst us. This initiative marks the latest milestone in our longstanding commitment in giving back to society, and what better way than to contribute our professional expertise in a sustained manner to help those in need.”

Q&M Dental Group was recently awarded The President’s Certificate of Commendation (COVID-19) for its contributions during the pandemic which include Q&M Dental Group volunteers, comprising of dentists and nurses administering swabbing procedures to migrant workers at factory-converted dormitories and government quarantine facilities, donating 200,000 medical grade surgical masks to 51 migrant worker dormitories and setting-up satellite Covid-19 testing facilities throughout its island-wide clinic network.

Q&M Free Dental Clinic
To donate and find out more, please visit: www.qmfdc.sg

Media contacts:
Q&M Dental Group
Jess Chang, jess@qnm.sg, +65 8388 6240
Lloyd Chan, lloydchan@qnm.sg, +65 9385 5702

Waterbrooks Consultants
Wayne Koo, wayne.koo@waterbrooks.com.sg, +65 9338 8166
Elliot Siow, elliot@waterbrooks.com.sg, +65 8375 0417

PrimePartners Group forges a strategic alliance with leading UK independent corporate advisory firm Strand Hanson to strengthen global connectivity

 PrimePartners Group (“PrimePartners” or “PPG”), one of Singapore’s leading investment banking advisory firms has entered into a strategic alliance with Strand Hanson, a London-based corporate advisory firm to explore areas of new listings and capital market transactions.

Strand Hanson has an extensive geographical footprint, particularly in emerging markets such as Africa, Southeast Asia, South America, and the Middle East. Similarly, PrimePartners also services a global client base, with an emphasis on the Southeast Asia region and Greater China.
Both parties are set to leverage one another’s business connections to strengthen their respective cross-regional presence. This partnership will create a combined pool of diverse clients, which is expected to leverage a host of new opportunities, particularly in the area of energy transition where a key to success is effectively linking the producers of critical raw materials which feature strongly in Strand Hanson’s client base with end users.

On top of the enhanced connectivity, the collaboration also enables knowledge transfer, especially in regard to regulations, legislation, and culture between the two firms, which will improve service efficiency levels in mutual regions.

Mark Liew, Chief Executive Officer of PrimePartners said, “Our respective strengths and focus in different geographical regions will open doors to a wider universe of potential clients to both of us, especially pertaining to capital market deals with cross-border elements. The extensive reach that Strand Hanson has is an attractive proposition and we look forward to growing together with our new partner.”

Simon Raggett, Chief Executive of Strand Hanson said, “Singapore offers a strong combination of regulatory oversight, access to world-class talent and a vibrant capital market from which to access some of the world’s fastest-growing economies. We are delighted to have formed a partnership with PrimePartners, which shares our values and commitment to servicing our clients.

“Strand Hanson has been advising clients with a global reach via its established network of offices and partnerships and is excited at strengthening its regional presence via this new relationship.”

About PrimePartners Group

PrimePartners Group (PPG) was founded in 1994 by the late Mr Ng Soo Peng, Mr Quek Peck Lim, Mr Teo Ek Tor and Mr Hsieh Fu Hua, former senior Morgan Grenfell executives.
PrimePartners Corporate Finance (PPCF) was formed by PPG in 2003. PPCF is focused on providing advisory and capital raising services for private and public-listed small and medium sized companies operating in Singapore and internationally. Headquartered in Singapore, PPCF provides a comprehensive range of public listing, financial advisory, capital raising, mergers and acquisitions and continuing sponsorship services. PPCF is one of the pioneer group of full sponsors licensed by the Singapore Exchange and is the leading continuing sponsor on the Catalist market.

About Strand Hanson

Established in 1993, Strand Hanson is a leading adviser to SMEs on London’s public markets, with a focus on growth companies both in the UK and internationally.

Drawing on the executive team’s considerable experience across a significant range of sectors, geographies and transaction types, Strand Hanson is focused on delivering bespoke, strategic and timely advice, recognising that the “one size fits all” model does not maximise value or deliverability.

Issued for and on behalf of PrimePartners Group
By Financial PR

For more information, please contact:
Kamal SAMUEL / Hong Ee TANG
E-mail: kamal@financialpr.com.sg / hongee@financialpr.com.sg
Tel: 6438 2990

SMI Vantage: Acqusition of 51% Stake in Provino Logistics to Complement and Expand Current Business Areas in F&B

SMI Vantage Limited, a company listed on the mainboard of the SGX, recently announced that the Company entered into a sales and purchase agreement (“the Agreement”) with Michael Hadley and his partners, on the acquisition of a 51% stake in Provino Logistics Pte Ltd (“The Target”).

The Target’s business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services (“Business”). It uses a world class proprietary Warehouse Management System making the company a leader in the use of such technologies.

Combined with the Group Chief Executive Officer’s (“CEO”) considerable knowledge of, and global network in, the field of wines and spirits, the Board is of the view that the Proposed Acquisition will allow the Company to further develop its logistics business, an area which the Group already has considerable expertise.

CEO and President of SMI Vantage Mark Bedingham is a graduate of Oxford University and began his career with Jardine Matheson and was subsequently appointed as a Director of Jardine Pacific. He joined Moet Hennessy (LVMH Group) in the mid-1990s as the Regional Managing Director of APAC and served in that role for twenty years. Today, he also serves on the Board of The Artisanal Spirits Company (ASC), a company that owns the Scotch Malt Whisky Society (SMWS) a specialist bottler of cask strength single malt whisky and is a membership-based e-commerce business. He has also previously served as Executive Chairman in two large hospitality companies, both of which have a significant presence in Singapore.

“The Proposed Acquisition is part of the Group’s corporate strategy to diversify and expand into complementary business areas within the food and beverage industry and will provide the Group with a new source of revenue, improve profitability and enhance shareholder value,” said Mark Bedingham.

“I am extremely pleased to be partnering with SMI Vantage and believe that their relevant expertise and deep experience in logistics and the F&B business will allow Provino to grow significantly going forward. I am excited to see the fruits of this partnership pan out in the future, as we look to grow this business together,” Michael Hadley added.

For details on the Agreement please refer to the Company’s Announcement posted to SGX Net on [27 June 2013]

About SMI Vantage

SMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including Food and Beverage related businesses, technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.

For media queries, please reach out to:
Waterbrooks Consultants Pte Ltd
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

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Doubleview Resumes Diamond Drilling Exploration at Hat Project

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (GERMANY: A1W038) (the “Company or “Doubleview”) is pleased to announce that it has resumed exploration drill program at its 100% owned HAT project, a polymetallic project located in Northwest British Columbia. The deposit definition and exploratory drilling program is planned to delineate the mineralization of the polymetallic Hat porphyry deposit. The Company is well funded for the 2023 field season.

President and CEO, Mr. Farshad Shirvani stated: “We are excited to be back at the project to continue drilling. The very successful programs of the past years have further strengthened our understanding of the project and its geology. With confidence we are exploring the western and eastern parts of the Lisle zone which I believe will expand the deposit. In addition, we are planning to drill the unexplored southern extension. The perimeters are being examined in accordance with the geological and mineralization model devised by our team of experienced geologists. However, the recent drilling efforts have not accurately defined the boundaries of the deposit.

The Hat Project is a large alkalic copper-gold porphyry-type deposit located in northwestern British Columbia that since 2011 has been explored by Doubleview utilizing technical surveys and diamond drilling operations. Hat Property surveys and drilling have been largely directed to the Lisle copper-gold-cobalt-scandium mineral zone. Principal minerals are chalcopyrite, pyrite and magnetite hosted in volcaniclastic and gabbroic formations. The Lisle Zone has indicated dimensions of approximately 2.7 km by 1.7 km and is still being delimited laterally and at depth.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.