Daily Finance Archives - Page 22 of 40

Accrelist to acquire 51% stake in Aesteem clinics operator SJY Medical, pursue further network expansion across Singapore and the region

Accrelist Ltd. has entered into a Sales and Purchase Agreement (the “SPA”) with SJY Healthcare Pte. Ltd. to acquire a 51% equity interest in SJY Medical Pte. Ltd., which operates Aesteem medical aesthetic clinics, (“Target Company”) (the “Proposed Acquisition”) for a consideration of S$550,000.

Upon completion of the Proposed Acquisition, the Target Company will become a subsidiary of Accrelist, and its four existing medical aesthetic clinics located in Novena Medical Centre, NEX Serangoon, Jurong Point, and SingPost Centre will be rebranded under the Accrelist Medical Aesthetics (“A.M Aesthetics”) brand. A.M Aesthetics will also retain the Target Company’s experienced doctors to continue delivering medically proven treatment to its existing customer base for sustainable growth.

Accrelist’s Executive Chairman and Managing Director, Dr Terence Tea, said, “We remain confident in A.M Aesthetics’ long-term prospects amidst an ageing population with rising affluence and growing acceptance of minimally invasive procedures. Having established a leading position in the Singapore market, A.M Aesthetics will continue to seek growth opportunities across the region.”

In addition to the Proposed Acquisition, two more A.M Aesthetics clinics in Northpoint City and VivoCity are set to open later this year. This is set to cement A.M Aesthetics’ leading position in the market as one of the largest local clinic networks. Beyond Singapore, plans are also underway to set up A.M Aesthetics clinics in Bangkok, Thailand and Kuala Lumpur, Malaysia.

Beauty entrepreneur Dato Sri Marilyn Tay joins the A.M Aesthetics team as Group Business Development Director to support customer growth as A.M Aesthetics integrates the Target Company’s four clinics and pursues further growth with more clinic openings in the pipeline. With prior experience in pageants, healthcare products and supplements, she has an extensive network across the health and beauty industry.

The Group also aims to broaden its revenue stream through its skincare products business, A.M Skincare Pte. Ltd. (“A.M Skincare”), the Group’s wholly owned subsidiary, which complements the
Group’s expanding clinic network.

This press release should be read in conjunction with the Company’s announcement posted on SGX’s website on 18 April 2023.

About Accrelist Ltd.

Accrelist Ltd. (“Accrelist”) seeks to create long-term value for our shareholders and business partners by unlocking and adding value to the companies we invest in. The Group continues to actively pursue new opportunities with a growing focus on medical aesthetics.

The Group’s wholly owned subsidiary corporations include the Accrelist Medical Aesthetics group of companies, branded as A.M Aesthetics, and A.M Skincare Pte. Ltd. (“A.M Skincare”).

A.M Aesthetics operates a chain of registered medical aesthetics clinics in Singapore and Malaysia which use state-of-the-art equipment and clinically proven solutions to deliver a wide range of highly reliable and effective treatments.

A.M Aesthetics Clinic Locations

Singapore:
Bedok Mall #B1-12
Lot 1 Shoppers Mall #02-26
Clementi Mall #04-50
Raffles City Shopping Centre #B2-06/07
Clarke Quay Central #04-77-82

Toa Payoh Hub #B1-30
SingPost Centre #02-140/141
253 Serangoon Central Drive #01-193
Orchard Central #05-33/36

Malaysia:
88-N, Jalan Masjid Negeri, Taman Greenview, 11600 Jelutong, Penang

A.M Skincare is principally involved in the retail sale of pharmaceutical and medical goods. It develops and distributes its own original design manufacturer clinical skincare products (“ODM”) with support from South Korean dermatologists alongside other non-ODM products.

In addition, Accrelist holds a 53.31% controlling stake in Jubilee Industries Holdings Ltd. (“Jubilee”), a one-stop service provider with two main business segments:

1. Mechanical Business Unit (“MBU”) which is engaged primarily in precision plastic injection moulding and mould design and fabrication services; and
2. Electronics Business Unit (“EBU”) which distributes integrated electronic components.

Headquartered in Singapore, Jubilee’s production facilities span across Malaysia and Indonesia. Jubilee’s products are sold to customers in Singapore, Malaysia, Indonesia, Vietnam, India, the People’s Republic of China, the United States and various European countries. For more information, please visit www.accrelist.com.sg

Issued on behalf of Accrelist Limited
By Waterbrooks Consultants Pte. Ltd.

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Elliot Siow
+65 8375 0417
elliot@waterbrooks.com.sg

This Press Release has been reviewed by the Company’s Sponsor, RHT Capital Pte. Ltd. (“Sponsor”), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”).

This Press Release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this Press Release including the correctness of any of the statements or opinions made or reports contained in this Press Release.

The contact person for the Sponsor is:
Name: Mr Mah How Soon, Registered Professional, RHT Capital Pte. Ltd.
Address: 36 Robinson Road, #10-06, City House, Singapore 068877s
sponsor@rhtgoc.com

Society Pass Inc. (Nasdaq: SOPA)’s Travel Platform, NusaTrip, Acquires Vietnam’s VLeisure, Marks its First Acquisition Outside of Indonesia

NusaTrip (“NusaTrip”), a leading Jakarta-based, IATA-licensed Online Travel Agency (“OTA”) and the travel vertical of Society Pass Inc (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of VLeisure, a Ho Chi Minh City, Vietnam-based online B2B hotel platform servicing small-to-medium size hotels in Vietnam and empowering online and offline travel agencies to manage and distribute travel products and services. The VLeisure acquisition extends NusaTrip’s base of operations and geographical reach outside of Indonesia for the first time. Going forward, NusaTrip will continue to acquire online and offline travel agencies in SEA as it builds a regional travel platform servicing the booming SEA travel market.

The VLeisure acquisition comes at an opportune time for NusaTrip with the dramatic rebound in the SEA travel market from the depths of the Covid pandemic. The marked increase in demand is driven by strong government initiatives to boost tourism, the rise of SEA’s burgeoning middle class and strong internet penetration, which enables more Southeast Asians to more easily book flights and hotels through OTAs. According to Web In Travel, gross bookings in 2025 will reach 94% of the record 2019 levels. And according to the Vietnam National Administration of Tourism, the tourism sector expects to welcome 110 million tourist arrivals in 2023, valued at US$27 billion, representing 5.7% of Vietnam’s projected 2023 GDP of US$469 billion.

Leveraging on SoPa’s capital and NusaTrip’s technology, VLeisure will market its hotel management SaaS products to small-to-medium size hotels initially in Vietnam and then to the rest of SEA. In addition, NusaTrip now acquires an operational foothold to significantly expand its B2C and B2B businesses in Vietnam. Phan Le, VLeisure Founder and Managing Director, comments, “I am honoured to join the SoPa ecosystem and Nusatrip. With SoPa’s rapid growth in 2021 and 2022 and NusaTrip’s position as a leading IATA-licensed travel platform in Indonesia, VLeisure now is able to access our parent companies’ infrastructure of capital, technology, marketing, and customer support, allowing VLeisure to better serve our Vietnam-based customers and accelerate growth in our hotel business. VLeisure’s trip planning, booking capabilities, hotel technology expertise complements Nusatrip’s existing travel services to deliver a more personalised user experience. Furthermore, as a Vietnamese, I am proud to join the first Vietnam-based company to be listed on Nasdaq. SoPa’s Nasdaq IPO in November 2021 is truly an historical event for Vietnam’s economy and an inspiration for all Vietnamese entrepreneurs.”

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure empowers Vietnamese, regional and international OTAs by distributing their travel products. Travel agents access to VLeisure’s extensive inventory of over 650,000 registered hotels. It is also a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer and NusaTrip Chairman, expounds, “We happily welcome VLeisure into our ever-expanding NusaTrip ecosystem. VLeisure seamlessly blends into our user and merchant growth strategy. We combine NusaTrip’s robust flight B2B technology and B2C operational breadth with VLeisure extensive hotel management software solutions. With Phan’s significant experience and knowledge of the Vietnamese travel sector, I appoint him as the Managing Director of Nusatrip Vietnam. As Head of our Hotel Business, his expertise in hotel technology allows him to create unique travel goods and services that meet the demands of Vietnamese travellers.”

Mr. Nguyen further explains, “As a Vietnamese, I am especially proud to continue to finance and support Vietnam’s start-up sector with this VLeisure acquisition. I believe that our Vietnamese entrepreneurs will continue to be an example for the rest of SEA. We look no further than the example of Phan Le.”

About VLeisure

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure is a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions. In addition, travel agents access to the company’s extensive inventory of over 650,000 registered hotels. VLeisure is now an integral member of NusaTrip. For more information, please visit: https://www.vleisure.com.

About NusaTrip

Founded in 2013, NusaTrip is a Jakarta, Indonesia-based, IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors. NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, a Vietnam-based hotel technology platform; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
Rosa Milyarna – NusaTrip
rosa@nusatrip.com

Palladium One Announces Completion of Strategic Equity Investment by Glencore

Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or “PDM”) is pleased to announce that, further to PDM’s news release dated March 30, 2023, it has completed a C$4,252,050 non-brokered private placement financing (the “Private Placement”) with a wholly-owned subsidiary of Glencore plc (“Glencore”). Pursuant to the Private Placement, PDM issued 28,347,000 common shares (“Common Shares”) at C$0.15 per Common Share. Upon completion of the Private Placement, Glencore owns approximately 9.99% of the issued and outstanding Common Shares of PDM on a non-diluted basis.

Net proceeds of the Private Placement are intended to be used for exploration and development activities at the Company’s nickel projects, for future exploration and development activities, working capital and general and administrative expenses.

In connection with the Private Placement, Palladium One and Glencore entered into an investor rights agreement (the “Investor Rights Agreement”), pursuant to which Glencore is entitled to certain customary rights including participation rights on future equity security issuances and a right to nominate an individual to the technical committee of Palladium One. Under the Investor Rights Agreement, Glencore will agree to certain customary transfer and standstill restrictions.

The Common Shares issued pursuant to the Private Placement are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. No commissions or finder fees are payable in connection with the Private Placement.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions.

These forward-looking statements include, but are not limited to, statements relating to the Private Placement; expected future attributes, capitalization and strategy of Palladium One following the completion of the Private Placement; the anticipated benefits of, and rationale for, the Private Placement; plans, strategies and initiatives for Palladium One; the expected use of proceeds of the Private Placement; the terms and conditions of the Investor Rights Agreement; and other statements that are not historical facts.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the timing and ability of Palladium One to obtain final approval of the Private Placement from the TSX Venture Exchange risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162033

Coloured Ties Subsidiary Announces Approval of Option Agreement, Investee Company Hertz Lithium Begins Trading on CSE

Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) (“Coloured Ties” or the “Company”) an investment company focused on business incubation and opportunities that disrupt their industry, is pleased to provide the following update:

VIEUX COMPTOIR LITHIUM PROJECT OPTION AGREEMENT APPROVED BY TSX-V:

Further to the news release dated December 7, 2022, Quebec Pegmatite (“QPC”) is pleased to report the TSX Venture Exchange has formally approved the option of the Vieux Comptoir Lithium Property to Superior Mining International (TSXV: SUI).

Pursuant to the terms of the Option Agreement QPC will receive the following share issuances:

7,000,000 common shares of Superior (the “Superior Shares”) upon receipt of approval of the TSX Venture Exchange;
3,500,000 Superior Shares payable on the one-year anniversary of the Option Agreement; and
3,500,000 Superior Shares payable on the eighteen-month anniversary of the Option Agreement.

Additionally, Superior shall grant QPC a 3.0% net smelter return royalty (the “NSR Royalty”) and the NSR Royalty may be reduced to 1.5% upon Superior making a cash payment of $3,000,000 to QPC.

The Vieux Comptoir Lithium Property comprises a total of 381 Quebec mineral exploration claims, which amount to a total of 19,533.81 hectares or ~195 square kilometers. Located in the centre of significant lithium discoveries by Patriot Battery Metals (TSXV: PMET) only 45km west and Winsome Resources (ASX: WR1) 45km east.

The La Grande subprovince regional trend has encountered multiple high grade lithium intersections including recently announced 83.7m of 3.13% Li²O, including 19.8m of 5.28% Li²O from Patriot Battery Metals and over 107.6m of 1.34% Li²O from Winsome Resources.

The Vieux Comptoir Property encompasses lithium pegmatite prospective source rocks of the Vieux Comptoir Granitic Suite which have been identified on the Property. The Property sits along the volcanic belt and encompasses various intrusive suites including the lithium pegmatite prospective source rocks of the Vieux Comptoir Granitic Suite which have been mapped on the property. Regionally, the Vieux Comptoir Granitic Suite is known to host K-feldspar granite phases in pegmatite form which may host an abundance of spodumene.

Vieux Comptoir Lithium Property is underlain by the source rock (Vieux Comptoir suite) which would have injected pegmatite dykes into those greenstone rocks in the region. This geological interpretation strongly supports the prospectivity of the Project for further lithium discoveries.

HERTZ LITHIUM (CSE: HZ) COMPLETES IPO AND BEGINS TRADING ON CSE:

Coloured Ties reports that investee company, Hertz Lithium, has completed its initial public offering and commenced trading on the CSE under symbol HZ. The offering consisted of the sale of 12,852,000 units at a price of $0.125 cents per unit, for aggregate gross proceeds of $1,606,500. Each unit consisted of one common share and one common share purchase warrant. Each warrant is exercisable by the holder to acquire one additional common share at a price of $0.25 cents per share for a period of two years from the listing date.

Coloured Ties owns 4,579,000 shares of Hertz Lithium and 4,379,000 warrants to buy additional shares at $0.25 per share. Hertz Lithium currently has 30,477,001 shares outstanding, which represents a 15% ownership by the Company in the issued and outstanding shares of Hertz Lithium.

ABOUT HERTZ LITHIUM:

Hertz Lithium owns 100% interest in the Lucky Mica Property, which covers 939 hectares in Maricopa Country, Arizona along the Arizona Pegmatite Belt.

Lucky Mica Property is an early-stage exploration project, with outcropping pegmatite over 300m, with anomalous Li, Ta, and Nb geochemistry and is well positioned in the Arizona Pegmatite Belt, an emerging high-grade hard rock lithium district with known lithium deposits. In 2017, grab samples performed by SGS Canada indicated ore grade potential with two samples exceeding 20,000 ppm of lithium. The most mineralized grab sample had 34,850 ppm of lithium.

PATRIOT LITHIUM’S (ASX: PAT) NOVA LITHIUM PROJECT SURROUNDING LUCKY MICA RESULTS:

Australian based and ASX listed Patriot Lithium (ASX: PAT) owns mineral claims surrounding the Hertz, Lucky Mica project and have reported promising lithium discoveries at the Dove Pegmatite on their adjoining claim block, SEE MAP.

“Three pegmatites have now been mapped at Dove that exhibit potential for spodumene mineralisation. Their surface expression can be traced along strike for at least ~440m at the Dove West pegmatite and ~430m at the Dove East pegmatites (Figures 1 and 2). The Dove West and East pegmatites are trending subparallel but are separated by ~90-120m. The apparent maximum width of the individual pegmatites is ~15m. A small pegmatite outcrop ~80m east of Dove East may represent a fourth, albeit poorly exposed pegmatite body of the Dove system.” Source

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8431/162013_048eb372545eb919_002.jpg

Hertz Lithium is mobilizing it’s own aggressive exploration program at the Lucky Mica Project and will update shareholders as results are obtained.

PENN STATE OPTION TO LICENCE PATENT PENDING EXTRACTION TECHNOLOGY OF LITHIUM FROM HARD ROCK SOURCES:

Hertz Lithium has an option to license the worldwide rights to patent pending technology from Penn State University’s, College of Earth and Mineral Sciences. Penn State University is developing this new patent pending technology for the extraction of lithium from Spodumene with upwards of a 90% recovery factor. The current process of lithium extraction requires roasting the spodumene at a temperature of 1050 C to transform the natural crystalline form of spodumene to a form which can be leached at a high temperature. This is a costly, energy-extensive process. Penn State University’s College of Earth and Mineral Sciences has submitted patents for a breakthrough technology that offers a way to extract the lithium from hard rock sources with increased economic efficiencies.

About Coloured Ties Capital Inc

Coloured Ties Capital is a TSX-V listed issuer that invests in early-stage commercial ventures and provides investee companies with capital market access and advisory services. The Company offers investors an opportunity to participate in early-stage opportunities that are often only offered to high net worth or institutional investors via investment in the Company’s common shares listed on the TSX Venture Exchange under symbol (TSXV: TIE. TIE currently has a diverse portfolio of lithium investments including, Patriot Battery Metals (TSXV: PMET), (ASX: PMT), Azimut Exploration Inc (TSXV: AZM), Midland Exploration V.MD, Rockland Resources (TSXV: RKL), Hertz Lithium Inc (TSXV: HZ), Superior Mining International (TSXV: SUI), Power Metals (TSXV: PWM), Winsome Resources (ASX: WR1) and privately held Flowing Lithium Inc and Canuck Lithium Inc.

Coloured Ties Capital is a 2022 TSXV 50 Company.

About Quebec Pegmatite:

Quebec Pegmatite Inc is subsidiary of Coloured Ties and holds the Vieux Comptoir and Mazerac Lithium Projects located in the James Bay and Mazerac regions of Quebec. The company plans aggressive and extensive exploration programs for 2023 to explore the lithium potential of these properties.

For further information please contact:

Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@colouredtiescapital.com

Neither the 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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162013

Life Science Incubator Signs MOU with a strategic anchor tenant for its planned Brisbane Co-Working Laboratory Space Project

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, today announced that Life Science Incubator Pte Ltd[1] (“Life Science Incubator” or “LSI”) has entered into a non-binding Memorandum of Understanding (“MOU”) with a renowned regional German commercial property management group (“GCPM”).

The MOU confirms LSI and GCPM’s (“The Parties”) commitment and interest in working together for mutual benefit on LSI’s proposed co-working laboratory space project in Brisbane, Queensland, Australia (the “Brisbane Project”). Information about the Brisbane Project and Brisbane’s flourishing life science hub has been posted to SGXNet in the ACROMETA press release dated 31 March 2023.

Specifically, GCPM intends to lease and operate the co-working office area and meeting rooms within the LSI’s Brisbane premises. In addition, as part of the MOU, the Parties have agreed to promote each other’s facilities and services to their respective members, tenants and business network.

LSI currently operates a 6,500 sq feet co-working laboratory space at The German Centre in Singapore, serving SMEs and startups, while The German Centre operates the co-working office area and meeting rooms in the premise. This existing partnership has worked well with LSI members being able to leverage on the co-working office area and meeting rooms. The intent of the MOU is to replicate the success and synergies experienced in Singapore.

Mr Levin Lee Keng Weng, ACROMETA’s Executive Chairman, commented, “To have a working partnership with such a prestigious regional German property management group is advantageous for ACROMETA. We hope to replicate the model in Singapore, which has worked well for us, to Australia and beyond. Their business network and experience, coupled with LSI’s technical expertise on co-working laboratory spaces and Acromec Engineers’ experience in the design and construction of laboratories, means that we have a competitive advantage for tapping into the demand for co-working laboratory space in Brisbane.”

[1] Reference the Company’s announcement on 20 February and 31 March 2023, the Company has entered into the sales and purchase agreement of the proposed acquisition of LSI. The transaction is pending completion. On completion, LSI will be a 70%-owned subsidiary of the Company.

About Life Science Incubator

Launched in September 2021, LSI’s first laboratory located at German Centre Singapore garnered healthy occupancy rates within a year of operations. Fueled by strong demand, as more companies conduct R&D to bring innovative products into the market, LSI is looking to expand in Singapore as well as in the region. The German Centre Singapore is part of a worldwide network supporting businesses by providing specialised co-working office space, advice and networking for startups and SMEs. For more information, visit: https://www.lifescienceincubator.com

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
Mr. Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

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

This media release has been reviewed by the Company’s sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), 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.

REITs Symposium 2023: Staying Resilient Amidst Global Headwinds, to be held on Saturday 20 May

ShareInvestor Pte Ltd, Singapore’s largest independent platform for investor relations, market data tools and investor education, today announced the launch of the annual REITs Symposium, the largest real estate investment trusts (REITs) event in Singapore.

A highly anticipated event, the REIT Symposium is set to return as a fully physical event which will seek to address global headwinds such as interest rates, inflation, muted economic growth, and mixed market sentiments that impact the REIT industry.

This year’s symposium will feature insightful discussions and keynote presentations from esteemed REIT management such as CEOs, CFOs, economists, fund managers and industry experts. They will share their expertise on the current market conditions, as well as provide valuable tips and insights on how to evaluate and invest in REITs.

Mr Christopher Lee, CEO, ShareInvestor Group said: “We are excited that the 2023 edition of the REITs Symposium will be a fully physical event, post-Covid19 pandemic. We are expecting over 1,000 attendees from the investment community who will have the opportunity to participate in interactive sessions, which aim to answer key questions: amidst the chaos, how resilient are REIT sectors? What will happen when interest rates remain high? How will REIT and property managers adapt to this “new normal”? Where are the Opportunities?

“In addition to the informative talks, this year’s highlights include fun booths where attendees can engage with the REITs community and gain insights into the industry and a Technical Analysis Zone, offering in-depth trading information and tools for making informed investment decisions. There is also a Financial Influencer and Blogger Meet-Up, providing opportunities to network with key opinion leaders in the REITs space,” Mr Lee added.

REITs Symposium will take place on May 20, 2023, at Suntec Convention Centre Hall Level 3 from 9:00AM – 6:00PM. Early Bird Tickets priced at S$10 per pax and Buddy promotion at S$14 for 2 pax; Members of the press are encouraged to get in touch for more information and media passes.

The REITs Symposium 2023 is an unmissable event for anyone interested in real estate investments, providing an invaluable platform for networking, learning, and discovery. For more information on the event and registration details, please visit our official website at https://reitsymposium.com/home.html.

Media Contacts:
Mr Ethan Ho
Head of Investor Platforms, Shareinvestor Pte Ltd
Email: ethan.ho@shareinvestor.com

Mr Wayne Koo
Mobile: +65 9338-8166
Office: +65 6958-8008 / 6958-8005 / 6958-8006
Email: query@waterbrooks.com.sg
Email: wayne.koo@waterbrooks.com.sg

About ShareInvestor (www.shareinvestorholdings.com)

A leading regional media and technology company, ShareInvestor Pte Ltd (SI) was founded in 1999 to empower investors to make informed investment decisions. SI focuses on providing investor relations, market data and investor education services, and operates the largest investor relations network in the region.

SI Group has over 130 employees in four countries (Singapore, Malaysia, Thailand, and Indonesia). It has also made strategic investments in investor relations/public relations firm, Waterbrooks Consultants Pte Ltd (www.waterbrooks.com.sg/ ), and Singapore’s leading social media platform for investors, Investing Note Pte Ltd (www.investingnote.com).

SI (www.shareinvestor.com) provides online market data for multiple markets across its online platform tools ShareInvestor Station(TM), ShareInvestor WebPro(TM) and ShareInvestor Mobile. Its other products include Investor-One (https://www.investor-one.com), a website on investor education, market news, corporate developments, and data analytics; as well as Inve$t, the e-magazine published weekly in Singapore and Malaysia.

SI organises financial investment seminars and conferences for investors. Its annual large-scale events INVEST Fair(TM) (www.investfair.com.sg) in Singapore and Malaysia draws thousands of participants.

About REITAS (www.reitas.sg)

REITAS is the representative voice of the Singapore REIT (S-REIT) sector. It provides its members a representation and engagement in consultation opportunities with policy makers on issues affecting S-REITs. The association also organises talks, courses, investor conferences and retail education events to promote understanding and investment in Singapore REITs.

About InvestingNote (www.investingnote.com)

InvestingNote is a Singapore-based company that created a community-driven platform that helps retail investors connect with experienced, professional investors to exchange investing ideas and financial knowledge, across both Singapore and Malaysia. We’re here to make investing Fun & Profitable!

RHTLaw Asia strengthens Real Estate Practice with appointment of new partner

Singapore-headquartered regional law firm RHTLaw Asia has appointed Mr Yeong Wai Cheong as partner in the firm’s Real Estate practice.

Wai Cheong brings extensive experience in real estate, banking and finance, representing Singapore-listed companies and banks, purchasers and vendors, developers, landlords and tenants across a range of domestic and cross-border financing and real estate matters.

He has been consistently ranked as a “Recommended Lawyer” for Real Estate in the Legal 500 Asia Pacific for seven consecutive years. Dual-qualified in Singapore and Hong Kong, Wai Cheong has represented parties for the sale and purchase and financing of industrial, commercial and residential properties in Singapore and Hong Kong.

In addition to his prior stint at RHTLaw Asia, Wai Cheong was also previously the General Counsel for Asia for an European bank and the Head of Legal for Singapore for two European banks.

RHTLaw Asia Managing Partner, Mr Azman Jaafar, said, “Real Estate will continue to be an important sector for us given Singapore’s position as a global financial centre. We will continue to strengthen our practice with the addition of new talent to support our clients. Mr Yeong is a welcome addition to our team as we roll out our new ONERHT Client UX strategy together with our core multidisciplinary capabilities.”

About RHTLaw Asia LLP

RHTLaw Asia LLP is a leading regional law firm headquartered in Singapore with a network of offices in 15 jurisdictions in Asia, Oceania, Middle East and Africa under the ASEAN Plus Group (APG) comprising over 2,000 lawyers. We help clients understand the local challenges, navigate the regional complexity to deliver the competitive advantage for their businesses in Asia. We are also the Singapore member of the Interlex Group, a global network of leading law firms.

RHTLaw Asia collaborates with ONERHT, an integrated network of multidisciplinary professional services, through entities which are not affiliates, branches, or subsidiaries of RHTLaw Asia LLP. For more details, please visit www.rhtlawasia.com

For Mr Yeong Wai Cheong’s profile, please visit:
https://www.rhtlawasia.com/people/yeong-wai-cheong/

About ONERHT

ONERHT is an integrated multidisciplinary platform of professional and specialist services. Since 2011, RHTLaw Asia’s founding team has developed a second engine of growth through ONERHT, an independent ecosystem of professional and specialist services, and networks, complementing RHTLaw’s full service legal offerings. For more details, please visit www.onerht.com

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

Society Pass’ (Nasdaq: SOPA) Thoughtful Media Group Launches The Creator Economy in the Indonesian Market

Society Pass Inc (Nasdaq: SOPA), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces the official launch of its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Indonesian market. TMG will introduce its new Indonesia management team and business model at a media presentation in Jakarta on 05 April 2023.

Established in 2021 as an international caliber design and branding agency serving innovative Indonesian companies in the beauty, F&B, e-commerce, and logistics sectors and acquired by TMG in December 2022, More Media has been integrated into Thoughtful Media Group Indonesia (TMGI) connecting content creators and brands in the world’s fourth most populous country. By rapidly deploying value-added services, possessing an intimate understanding of local market trends, focusing on the art of storytelling, TMGI has quickly onboarded a diverse list of local clients such as Langsre, Emilia, Kei Dining, and Allino.

Pamela Aw-Yeung, TMG Vice-Chairwoman, states, “We are very pleased to welcome More Media into the TMG ecosystem. By combining TMGI’s market-leading design and branding capabilities in Indonesia with TMG’s influencer advertising-focused social commerce business model, we leverage our storytelling capabilities for local, regional and international advertisers seeking to market in Indonesia. TMG now operates in Thailand, Vietnam, and Indonesia.”

Responsible for driving sales and onboarding Indonesian clients onto TMG’s regional digital advertising platform, Ms. Eugenia Agnes Gusti, the Co-Founder of More Media and VP of Business Development of TMGI, comments, “Our local team’s unique advantage is that we are led by amazing heroines with significant experience in the fields of branding and media in this country”. Ms. Erlinda Gutami, TMGI Indonesia Country Manager, expounds, “With the explosion of influencer advertising and social commerce across SEA, especially in Indonesia, TMGI emphasises the importance of theme of “Connection” for brands and influencers to build loyal audiences/users over time”.

TMGI is uniquely positioned to become Indonesia’s premier regional digital advertising agency offering a significant value proposition to advertisers, merchants, and influencers in SEA’s largest economy. Well positioned to benefit from Indonesia’s forecast soaring digital advertising revenues over the next decade as increasingly more consumers make direct purchases on social media platforms, TMGI collaborates with social media platforms, advertisers and influencers to develop the entire creator economy in Indonesia.

About Thoughtful Media Group (TMG)

Founded in 2010, Thoughtful Media Group is a leading digital advertising platform in SEA. Through our network of talented creators across multiple industries in Thailand, Vietnam and Indonesia, we help brands maximise marketing budgets and achieve business objectives through some of the most innovative marketing campaigns in the region.

In 2022, Society Pass (Nasdaq: SOPA), the next generation acquisition-focused fintech and e-commerce ecosystem in SEA, acquired Thoughtful Media Group. Since then, TMG has fully evolved into a digital-first and fully integrated advertising powerhouse.

For more information, please visit:
Website at www.thoughtfulmedia.com
LinkedIn at https://www.linkedin.com/company/thoughtful-media-group-inc or
Instagram at https://www.instagram.com/thoughtfulmedia/ or
Facebook at https://www.facebook.com/thoughtfulmediaasia or
Twitter at https://twitter.com/ThoughtfulMedia.

About Society Pass

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

Media Contact:
Ms. Eugenia Agnes Gusti
agnes@thoughtfulmedia.com

ACROMETA Signs Sales & Purchase Agreement for Additional 40% of Life Science Incubator

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, has entered into a Sales and Purchase Agreement (“the Agreement”) for an additional 40% of the outstanding shares of Life Sciences Incubator Pte Ltd (“LSI”) for a total consideration of S$1.6 million payable in tranches, based on the realisation of agreed milestones in its immediate expansion plan. Upon completion of the purchase, the Group will control 70% of LSI, up from the current 30%.

The Agreement updates and follows from the Letter of Intent (“LOI”) announced to SGXNet on 20 February 2023 for the proposed acquisition of an additional 40% stake in LSI.

A site visit to Brisbane and the due diligence carried out by ACROMETA Management have shortlisted the location of the proposed co-working laboratory in Australia as it found it suitable.

Mr Levin Lee Keng Weng, ACROMETA Chairman, said, “Brisbane is a booming hub for the Life Sciences sector in Australia. According to Global Australia[1], a government-industry development agency, Queensland is home to more than 250 life sciences organisations, 85 core biotech companies, and more than 100 biotech-related research organisations.

A whole ecosystem has emerged with clusters of dynamic and innovative SMEs and start-ups either conducting their R&D or supporting the multinationals and research centres focusing on biotechnology, pharmaceuticals, medical devices and specialist healthcare such as gerontology and neurology.”

Mr Lee added, “The demand for co-working laboratory space is strong. The performance milestones for the payment in tranches agreed to by the Vendor indicate that both the Purchaser and the Vendor have confidence in the co-working laboratory business in Australia and Singapore.

The proposed additional co-working laboratory space in Singapore is to cater for expected growth in demand. In addition, as Singapore transforms its economy towards high-value sectors, more and more SMEs and start-ups conducting their R & D will require co-working laboratory space.”

This Media Release is to be read in conjunction with the announcement on SGXNet on 31 March 2023.

[1] https://www.globalaustralia.gov.au/industries/health-and-life-sciences

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 a 6,500 sq feet co-working laboratory space at The German Centre in Singapore serving SMEs and start-ups.

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
Mr. Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

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

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

Palladium One Announces Strategic Equity Investment by Glencore

Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or “PDM”) is pleased to announce that it has entered into a subscription agreement for a C$4,252,050 non-brokered private placement financing (the “Private Placement”) with a wholly owned subsidiary of Glencore plc (“Glencore”). Pursuant to the Private Placement, PDM will issue 28,347,000 common shares (“Common Shares”) at C$0.15 per Common Share. Upon completion of the Private Placement, Glencore will own approximately 9.99% of the issued and outstanding Common Shares on a non-diluted basis.

“We welcome Glencore as a shareholder and are pleased that our efforts to build a portfolio of nickel – copper sulphide projects in Tier 1 jurisdictions has been recognized and endorsed by an industry leader. We believe this transaction highlights the deep discount to fundamental value and strategy that PDM’s shares represent.

“By utilizing its financial resources and expertise Palladium One will continue to execute its strategy of maximizing exposure to critical minerals on a per share basis.

“We look forward to working with Glencore’s exploration team to advance our common exploration and development goals,” commented Derrick Weyrauch, Chief Executive Officer of PDM.

“We are very pleased to become a cornerstone investor in Palladium One. The management team has been able to put together a sizeable land package focused on critical minerals. The exploration results to date have been very encouraging and we look forward to working with Palladium One to build on the success the team has had to date,” commented Wayne Ashworth, Head of Nickel Assets for Glencore.

In connection with the Private Placement, Palladium One and Glencore will enter into an investor rights agreement (the “Investor Rights Agreement”), pursuant to which Glencore will be entitled to certain customary rights including participation rights on future equity security issuances and a right to nominate an individual to the technical committee of Palladium One (such committee will be formed on execution of this investment). Under the Investor Rights Agreement, Glencore will agree to certain customary transfer and standstill restrictions.

The Private Placement is expected to close on or about April 11, 2023, subject to customary conditions, including acceptance by the TSX Venture Exchange. The Common Shares issued pursuant to the Private Placement will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. No commissions or finder fees are payable in connection with the Private Placement.

About Palladium One

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

These forward-looking statements include, but are not limited to, statements relating to the proposed Private Placement; expected future attributes, capitalization and strategy of Palladium One following the completion of the Private Placement; the anticipated benefits of, and rationale for, the Private Placement; plans, strategies and initiatives for Palladium One; terms and conditions of the Separation, including the expected use of proceeds of the Private Placement; the anticipated timing for completion of the Private Placement; the terms and conditions of the Investor Rights Agreement; and other statements that are not historical facts.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.