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BYND Cannasoft Announces Closing of US$1.5 Million Registered Direct Offering

BYND Cannasoft Enterprises

BYND Cannasoft Announces Closing of US$1.5 Million Registered Direct Offering ASHKELON, Israel and VANCOUVER, British Columbia – TheNewswire - December 21, 2023 BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN ) (CSE: BYND ) (“ BYND Cannasoft ” or the “ Company ”) an Israeli-based integrated software and cannabis company, today announced the closing of the previously announced registered direct offering with an institutional investor of approximately $1.5 million of Common Shares and investor warrants at a price of $0.52 per Common Unit. The public offering consisted of the sale of 2,884,616 Common Units, each consisting of one (1) Common Share and one (1) Common Warrant to purchase one (1) Common Share per warrant at an exercise price of $0. 52. The public offering price per Common Unit was $0.52. The Common Warrants are exercisable immediately and expire 60 months after the initial issuance date. Aggregate gross proceeds to the Company were approximately $1.5 million. The transaction closed on December 21, 2023. The Company expects to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. is acting as Exclusive Placement Agent for the offering. Louis A. Brilleman, P.C. is acting as counsel to the Company. Kaufman & Canoles, P.C. is acting as counsel to Aegis Capital Corp. The registered direct offering was being made pursuant to an effective shelf registration statement on Form F-3 (No. 333-272374) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on June 14, 2023. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010. There is no offering of any of the Company’s securities by the placement agent in Canada. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About BYND Cannasoft Enterprises Inc. BYND Cannasoft Enterprises is an Israeli-based integrated software and cannabis company. BYND Cannasoft owns and markets "Benefit CRM," a proprietary customer relationship management (CRM) software product enabling small and medium ‐ sized businesses to optimize their day ‐ to ‐ day business activities such as sales management, personnel management, marketing, call center activities, and asset management. Building on our 20 years of experience in CRM software, BYND Cannasoft is developing an innovative new CRM platform to serve the needs of the medical cannabis industry by making it a more organized, accessible, and price-transparent market. The Cannabis CRM System will include a Job Management (BENEFIT) and a module system (CANNASOFT) for managing farms and greenhouses with varied crops. BYND Cannasoft owns the patent-pending intellectual property for the EZ-G device. This therapeutic device uses proprietary software to regulate the flow of low concentrations of CBD oil, hemp seed oil, and other natural oils into the soft tissues of the female reproductive system to potentially treat a wide variety of women's health issues. The EZ-G device includes technological advancements as a sex toy with a more realistic experience and the prototype utilizes sensors to determine what enhances the users' pleasure. The user can control the device through a Bluetooth app installed on a smartphone or other portable device. The data will be transmitted and received from the device to and from the secure cloud using artificial intelligence (AI). The data is combined with other antonymic user preferences to improve its operation by increasing sexual satisfaction. For Further Information please refer to information available on the Company’s website: www.cannasoft-crm.com, the CSE’s website: www.thecse.com/en/listings/life-sciences/bynd-cannasoft-enterprises-inc and on SEDAR+: www.sedarplus.ca. Gabi Kabazo Chief Financial Officer Tel: (604) 833-6820 e ‐ mail: ir@cannasoft-crm.com For Media and Investor Relations, please contact: David L. Kugelman (866) 692-6847 Toll Free - U.S. & Canada (404) 281-8556 Mobile and WhatsApp dk@atlcp.com Skype: kugsusa Cautionary Note Regarding Forward-Looking Statements This press release includes certain statements that may be deemed "forward-looking statements" including statements regarding the filing of a final Prospectus. All statements in this release, other than statements of historical facts, that address future events or developments that the Company expects, are forward-looking statements including but not limited to intended business objectives and the expected timelines to accomplish those objectives. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual events or developments may differ materially from those in forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including unanticipated regulatory requests and delays, final patents approval, and those factors discussed in filings made by the Company with the Canadian securities regulatory authorities, including (without limitation) in the Company's management's discussion and analysis for the year ended December 31, 2022 and annual information form dated March 31, 2023, which are available under the Company's profile at www.sedarplus.ca, and in the Company's Annual Report on Form 20-F for the year then ended that was filed with the U.S. Securities and Exchange Commission on April 27, 2023. Should one or more of these factors occur, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward‐looking statements except as required by law. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. Shareholders are cautioned not to put undue reliance on such forward‐looking statements.

December 21, 2023 09:21 AM Eastern Standard Time

Gaucho Holdings (NASDAQ: VINO) Welcomes Advisors Doug Casey, Michael Koh To Board As Company Prepares For Expansion In Wake Of Political Changes In Argentina

Benzinga

By Faith Ashmore, Benzinga The global luxury market is witnessing growth in light of a resurgence of social interactions and travel. The global luxury market is expected to reach $1.6 trillion in 2023, witnessing 8-10% growth over 2022. Despite macroeconomic challenges, the luxury market has shown remarkable resilience, and companies like Argentina’s Gaucho Group Holdings (NASDAQ: VINO) which focus on luxury industries may be poised for expansion and continued sustainable growth on the back of overall market growth – Gaucho Holdings seems to be gearing up for growth with the recent announcement of key additions to its board. Gaucho Holdings is a rapidly growing, e-commerce-driven public holding company that operates a portfolio of experiential luxury brands and real estate assets. The company focuses on leading market sectors and has built a collection of luxury assets with a foundation of real estate holdings. The company owns Algodon Fine Wines, Algodon Wine Resort and Algodon Wine Estates within the spirits, hospitality and luxury real estate sectors, respectively. It also manufactures and markets luxury leather goods and accessories. The company has positioned itself as a premier investment opportunity in Argentina, showcasing to international investors Argentina's wealth of resources and opportunities. The company has recently expanded its team to bolster strategic initiatives and promote further growth. It announced the appointment of Doug Casey, a best-selling author, world-renowned speculator and libertarian philosopher, as the Lead Business Advisor for their Argentina Investments. The company expects this strategic move to greatly improve its strategic vision and drive its expansion in Argentina's fast-growing luxury real estate market. Doug Casey's extensive experience and deep understanding of the Argentine market make him an ideal choice for this advisory position. He has historically characterized Argentina as 'the cheapest civilized place on earth' and will likely provide the company with a unique perspective on the country's economic potential and investment opportunities. His insights are especially valuable given the recent political shifts in Argentina, which Gaucho Holdings sees as not just a change, but as an opportunity for economic revival and investment expansion. Sharing his thoughts on the recent policy shifts Casey explained, "If Milei’s reforms stick, within a decade, Argentina could become the most prosperous country in the world. Look at what Pinochet’s limited reforms did for Chile. It changed from a backward mining province into the most advanced and prosperous country on the continent. Milei’s reforms could transform Argentina into both the freest and the most prosperous country on the planet. Argentina has many advantages... It’s the perfect country whose only real problem is its insane government. But that’s about to change. If he succeeds, I think there will be a rush of millions of Europeans who will see that Argentina has got everything that Europe does—including the favorable aspects of its culture, but none of the disadvantages.” In addition to Casey’s appointment, the company also announced the appointment of Michael Koh, the founder of a highly respected real estate property management and consulting firm in Argentina, to their Advisory Board. Michael Koh is a prominent figure in the Argentine luxury real estate industry, known for his forward-thinking approach. As the managing partner and founder of Koh Investments, he established ApartmentsBA, a real estate property management and consulting firm in Argentina which was acquired by Luxury Retreats in 2010. Mr. Koh also co-founded and led fypio, a real estate software company that promoted technological integration within the sector and is used by Rocket Homes (NYSE: RKT). Currently, Mr. Koh is driving the development of an innovative real estate portal called Casa Libre™, which is scheduled to launch in the first quarter of 2024. The company expects the platform to revolutionize the Argentine real estate market by offering advanced features such as 3D floor plans and video walkthroughs. Following its launch in Argentina, there are plans to expand into Mexico. "Reflecting on my years in Buenos Aires, I often imagined living in Argentina's golden era,” shared Michael Koh. “I've experienced its beauty, got married, and raised Argentine-born children here. I love this country and am excited about its future. I feel confident Javier Milei will lead us back towards prosperity. With rich resources like beef, corn, and lithium, I believe Argentina is on the cusp of realizing its true potential, offering promising investment opportunities along the way." Earlier in November, Argentina elected right-wing libertarian Javiar Milei as president; he ran on the promise of economic shock therapy, which resonated with voters. Gaucho Holdings has been investing in the Argentinian market since 2007, and the recent additions to its team reflect an understanding of how the election will affect economic growth. Gaucho Holdings Announces Fireside Chat With CNBC And Fox Business Network Market Analyst Kenny Polcari This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

December 21, 2023 09:15 AM Eastern Standard Time

How Technical Analysis Reveals Fundamentals to Price Values

TechniTrader

A large part of my work over the last 25 years has been to teach my students and show the CMT and members that technical analysis is not a separate entity from the fundamentals of a company. Relational Technical Analysis is the new way to use stock charts, candlesticks, support and resistance, and trend patterns to determine where and when you should trade or invest in a stock based on FUNDAMENTAL values. Fundamental Values from the chart help you determine the relationship between the stock’s current price or value and the company’s fundamental value. That may sound impossible but it is easy to learn how to identify where fundamentals are in relation to a stock’s price. This is because the largest Buy-Side Institutions, which I call “the Dark Pools,” control over $100 trillion in assets worldwide and this number climbs as the US stock market rises in value. The giant Buy-Side Institutions use Quantitative Analysis to determine the “best price” for accumulation of a stock over time based on the company’s fundamental value, growth potential, new technologies, reinvention or creation of a new product that will be broadly popular, along with the CEO/CFO and the strength of the management team. Using a stock chart, fundamentals are revealed by the Dark Pool Buy Zones that are created any time a Giant Buy-Side Institution, or several, are accumulating stock of a specific company or a group of companies. Dark Pools are not only Giant Mutual Fund companies but also the Giant Derivative Developers who create ETF units to sell on the public stock market exchanges. ETF unit building is what is driving the major US indexes upward in the final quarter of 2023. The indexes have been rising steadily and into speculative mode as the retail groups suddenly realize the stock market, which they think of in terms of the 3 major Indexes–Dow 30, NASDAQ 100 and S&P 500–is moving up strongly since late October 2023. ETF demand has been very high late in 2023 as more retirement accounts offer ETFs based on the major indexes as an alternative to a standard index fund. Dark Pools who manage Mutual Funds focus heavily on fundamentals. When their buying in accumulation mode occurs, the patterns on individual stock charts reveal the price range at which they decided the stock was a good buy. The determining factor is fundamental analysis. Is the stock below its fundamentals in price based on Quantitative Analysis? Or is the stock at or near the current fundamentals of the company? Or is the stock higher than its current fundamentals. The Dark Pools have more information and knowledge about the companies in which they invest than anyone else in the market because they hold millions of shares of stock in each company. They visit and research the company far beyond just earnings reports. They usually accumulate a stock well ahead of the earnings season, which indicates that the company’s next earnings report will be above the rest of the market’s expectations–those infamous “analysts” who attempt to guess what the company will report based on previous statements by the CEO. Dark Pools do not rely on earnings reports or CEO statements; they investigate thoroughly. And they are already well postured for the 4 th quarter earnings season to close out 2023. Thus, now is the time to study stock charts to find the companies who will be reporting stronger earnings than retail analysts are estimating. That information is embedded in the stock chart, where Dark Pools have been quietly acquiring stock within a set price range. The Dark Pools generally use time weighted average price order types, and there are many types of these professional orders. With time and price, the accumulation trigger is based on the range of price that is determined to be at or below the current price. Entries are made slowly over time, with pings on price, NOT volume as retail and smaller fund managers who use VWAP order types believe. To see the fundamental levels on a stock chart requires Relational technical analysis using Spatial Pattern Recognition Skills, which give you the ability to see the narrow price range in which Dark Pools are buying slowly over time. Spatial Pattern Recognition is a skill that anyone who uses technical or fundamental analysis needs to learn. It is not hard to learn, and it opens up a huge hidden world: the professional side of the market, which constitutes over 80% of all the market activity every day. 300 billion dollars exchange hands in the US market every day. Thus, learning to identify Quiet, Hidden or Rapid accumulation over time on a stock chart and being able to see that price is above or below or at the fundamental levels for the next earnings season is mandatory for all investors and traders to learn. When you have this skill, you can improve your ROI, and your trading profits for monthly income go up even more. Martha Stokes, CMT https://www.technitrader.courses TechniTrader has been teaching traders and investors a complete process for trading or investing in the stock market and other financial markets since 1998. We have helped over 500,000 traders and investors achieve their financial goals. Our courses provide a complete, comprehensive training program based on a college-style curriculum that uses a tri-level approach to analyzing assets or derivatives to trade. Contact Details Mel Ainuu mel@technitrader.com Company Website https://www.technitrader.courses/

December 21, 2023 09:15 AM Eastern Standard Time

IN THE SPIRIT OF THE SEASON HIBBETT AND PUMA PRESENT DONATION TO CHILDREN’S OF ALABAMA

Hibbett, Inc.

Hibbett, Inc., leading Birmingham-based premium footwear and athletic-inspired fashion retailer, today announced a donation to Children’s of Alabama in partnership with global sports brand, PUMA. Team Members from Hibbett and PUMA presented a donation check for $20,000 and more than $14,000 worth of product to Children’s of Alabama hospital staff on Tuesday, December 19, 2023. For the fourth consecutive year, Hibbett and PUMA have presented Children’s of Alabama, Social Services with a combination of much-needed monetary donations, apparel, footwear and accessories to support Care Closet, Sugar Plum Shop and the CHIPS Center. Additionally, the hospital was gifted with 1,000 Pop-its toys, for hospital staff to use to help entertain distressed patients and their siblings, who may have accompanied the family on an emergency room visit. “This holiday season as we once again partner with PUMA to support Children’s of Alabama, we are filled with gratitude and appreciation for the compassionate care their staff provides for families in our community during times of need,” said Sarah Sharp-Wangaard, VP Marketing, Hibbett. “We hope our donation this year will help Children’s Social Services to remain well-stocked with the supplies they need throughout the year for local children and their families.” “This partnership provides invaluable funding and items for our care closet to ensure that patients and their families have essentials to make their stay at the hospital the most comfortable it can be," said Emily Hornak, Director of Cause Marketing at Children's of Alabama. "This support enables the care team at Children's to provide family-centered care to ease patient and caregiver stress." The Care Closet is utilized daily by social workers from every division at Children's of Alabama and shoes and clothing items are frequently needed, but not always readily available. On average, the team provides more than 400 families in crisis with essential items each year. The Care Closet donations allow those who arrive at the hospital with a child after an emergency to pick up essentials they may need for their child or themselves such as apparel and footwear, toiletries and more, free of charge. The Sugar Plum Shop provides an average of 260 patient families with gifts to help ease the burden of being in the hospital during the holiday season annually, while Children's Hospital Intervention and Prevention Services (CHIPS Center) promotes hope and healing for those affected by child abuse and neglect. The specialty-trained staff at the CHIPS Center provides more than 2850 counseling sessions for children and families in need each year. The donation of $20,000 cash and more than 500 PUMA products was presented to Children’s of Alabama by Hibbett and PUMA staff on Tuesday, December 19, 2023. The shipment contained approximately 290 clothing items, 231 pairs of footwear and 30 accessories. About Hibbett, Inc. Headquartered in Birmingham, Alabama, Hibbett is a leading athletic-inspired fashion retailer with 1,158 Hibbett and City Gear specialty stores located in 36 states nationwide. Hibbett has a rich history of convenient locations, personalized customer service, and access to coveted footwear, apparel and equipment from top brands like PUMA, Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks, and make purchases online or in their nearest store by visiting www.hibbett.com. Follow us @hibbettsports and @citygear on Facebook, Instagram and Twitter. About Children's of Alabama Since 1911, Children’s of Alabama has provided specialized medical care for ill and injured children, offering inpatient, outpatient and primary care throughout Central Alabama. Ranked among the best children’s hospitals in the nation by U.S. News & World Report, Children’s serves patients from every county in Alabama and nearly every state. Children’s is a private, not-for-profit medical center that serves as the teaching hospital for the University of Alabama at Birmingham (UAB) pediatric medicine, surgery, psychiatry, research and residency programs. The medical staff consists of UAB faculty and Children’s full-time physicians, as well as private practicing community physicians. About PUMA PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany. Contact Details Hibbett Wendy Yellin +1 925-519-3363 PR@Hibbett.com Company Website https://www.hibbett.com

December 21, 2023 09:00 AM Eastern Standard Time

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SYMBOLIC CAPITAL ANNOUNCES NEW ENTREPRENEUR IN RESIDENCE PROGRAM TO BUILD COMPANIES ALONGSIDE ASPIRING WEB3 FOUNDERS

Symbolic Capital

Symbolic Capital is thrilled to announce its new Entrepreneur in Residence (EIR) program. Starting today, Symbolic Capital is accepting applications for highly qualified individuals to join their team as an EIR to tackle the toughest challenges in web3. Symbolic Capital is a founder-led investment firm supporting the best web3 projects globally. Co-founded by Sandeep Nailwal (Co-Founder of Polygon) and Kenzi Wang (Co-Founder Cere), Symbolic Capital’s team has founded and led some of the most important blockchain projects in the world and is one of the first web3 funds entirely founded by web3 founders. The program is for highly qualified individuals who aspire to found a company but would benefit from a supportive environment to prototype and iterate on different ideas. EIRs will work closely with the Symbolic team to rapidly iterate on business ideas in crypto, with the eventual goal of recruiting a team and raising capital to pursue the most promising ideas. Importantly, EIRs can enter with their own idea to refine or work on a company idea provided by the Symbolic Capital team. During their appointment, EIRs will also have opportunities to collaborate with Symbolic Capital’s staff on investment DD and industry research in fields relevant to their areas of expertise. Speaking on the reason for creating an EIR program, Wang explained, “As one of the first web3 funds founded by web3 founders, building is at the heart of what we do. Not content investing from the sidelines, our EIR program will allow us to get our hands dirty building incredible companies alongside the best talent in the industry. To date, we’ve actually worked on and launched multiple incubation projects, but this program will allow us to take that initiative to the next level with the ability to consistently work with the greatest prospective founders in the industry.” Applications for the EIR program are currently live and will be reviewed on a rolling basis. If accepted, EIR appointments will last anywhere from 3-12 months depending on how far along an EIR is with their idea when accepted into the program. Interested individuals can apply for the position here: Symbolic Capital EIR Application About Symbolic Capital Symbolic Capital is a founder-led investment firm supporting the best web3 projects globally. Our team has founded and led some of the most important blockchain companies in the world, and we leverage this background to provide unparalleled support to the companies in our portfolio. Learn more about Symbolic Capital here: https://www.symbolic.capital/ Contact Details Symbolic Capital Sam Lehman sam@symbolic.capital Company Website https://www.symbolic.capital/

December 21, 2023 08:55 AM Eastern Standard Time

Neural Therapeutics CEO defines success and senses "a lot of momentum" behind psychedelics

Neural Therapeutics Inc.

Neural Therapeutics Inc CEO Ian Campbell speaks to Thomas Warner from Proactive about his vision for revolutionising mental health treatment. The company is working to develop medicines from from the San Pedro plant, in a challenge to traditional pharmaceutical methods that typically isolate single compounds. Campbell, with a diverse background in physical sciences, biology, toxicology, and engineering, explains that he transitioned to this field driven by a desire to contribute positively to humanity. His journey reflects a commitment to lifelong education and a passion for impactful scientific innovation. The CEO's personal connection to mental health issues within his family further motivates his mission, receiving supportive feedback from his family on this career shift. Currently, the company is focused on advancing their treatment into human clinical trials, navigating regulatory challenges and exploring the potential of botanicals in pharmaceuticals. Campbell's goal is to fast-track the drug's development, backed by evidence of mescaline's efficacy in treating various mental ailments. He says success for him would be "our product being delivered to humans." Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

December 21, 2023 08:20 AM Eastern Standard Time

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Europa Oil & Gas CEO on "tremendous chance of success" in Equatorial Guinea

Europa Oil & Gas (Holdings) PLC

Europa Oil & Gas (Holdings) PLC (AIM:EOG) chief executive William Holland speaks to Thomas Warner from Proactive after the exploration and production company announced the acquisition of a 42.9% interest in Antler Global, which in turn owns an 80% stake in the EG-08 gas asset offshore Equatorial Guinea. Holland says that the venture, strategically chosen for its geological and geographical familiarity, along with strong in-country connections, represents a compelling value with a high risk-reward balance. Adjacent to a Chevron-operated gas field, the asset includes three gas prospects totalling 1.4 trillion cubic feet (TCF) and Holland suggests they each offer a 60-70% chance of exploration success. Holland emphasises the unique seismic response of these sites, boosting the probability of economic discovery to over 90%. He says the project, requiring an estimated $40-50 million investment, is particularly attractive for major oil companies to farm into due to its high-quality data, clear seismic responses, and proximity to existing infrastructure. Holland credits the deal's success to Europa's strategic relationships in the industry. The company aims to farm out the operational aspect, focusing on other prospects at deeper levels within the license, which hold further potential. This strategy aligns with Holland's broader vision for the company, which includes ongoing projects in the UK and Ireland. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

December 21, 2023 08:11 AM Eastern Standard Time

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Mineral & Financial Investments "always cautious" but sees plenty of opportunity in 2024

Mineral & Financial Investments Ltd

Mineral & Financial Investments Ltd (AIM:MAFL) chief executive Jacques Vaillancourt speaks to Thomas Warner from Proactive London after the release of audited results for year ended 30 June 2023. Vaillancourt starts by giving an overview of the results, highlighting a 26.5% increase in net asset value (NAV) to £9.4 million, with a NAV per share growth to 24.27p, showcasing a consistent 29.1% annual growth over the past five years. The investment portfolio, valued at about £9.1 million, also saw an 18.7% increase. Vaillancourt highlights their success in outperforming benchmarks like the Goldman Sachs Commodity Index and the FTSE 350 Mining Index. A notable challenge for the company was a £300,000 loss due to foreign exchange (FX) fluctuations. However, a key boost to the NAV came from a revaluation of their Redcorp investment, increasing its value from approximately $2.2 million to $3 million. This adjustment was based on a feasibility study and a newly negotiated put option, providing an exit strategy for their Lagoa Salgada stake, potentially valuing it at around $6.1-$6.2 million. In strategic terms, Mineral & Financial Investments maintains a diverse portfolio, including precious metals, base metals, food, energy, tech, and a small position in diamonds. The company's strategic portfolio has grown by 35-36%, with a 65% increase in cash holdings, amounting to £800,000. Vaillancourt also mentioned new investments in ESG auditing firm Digby and Golden Sun as part of their strategic growth. Despite global economic challenges, Mineral & Financial Investments Ltd has managed to maintain a strong performance, with Vaillancourt expressing a positive outlook for precious metals in 2024. He also pointed out the current undervaluation in public mining markets, suggesting potential opportunities. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

December 21, 2023 08:08 AM Eastern Standard Time

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Reabold Resources co-CEOs "strongly urge shareholders to vote against all resolutions"

Reabold Resources PLC

Reabold Resources PLC (AIM:RBD) co-CEOs Sachin Oza and Stephen Williams visit Proactive's London studio to speak with Thomas Warner after a group of Reabold shareholders requisitioned a general meeting to be held on 10 January. The requisition represents the third attempt to oust Oza and Williams as co-CEOs. They urged shareholders to reject all resolutions at the general meeting, emphasising the company's momentum and potential value delivery in 2024. Williams attributes the takeover attempts to the company's attractive portfolio and significant cash inflow from the Victory Project sale to Shell. He expresses concerns about the use of these funds and highlights what he considers a pattern of opportunistic requisition attempts following financial gains. Oza addresses some of the challenges the company has faced, focusing on regulatory delays impacting the execution of the business plan. The co-CEOs warn about the ability of any incoming managers managing the next few pivotal months for the business and highlight what they consider conflicts of interest and lack of capability of the proposed new directors and management. Additionally, they go on to discuss Reabold's prospects for 2024, including the drilling of the West Newton well in the UK and early production potential in Italy. They emphasise the importance of their leadership for the company's success in the company's projects and urge shareholders to support their continued leadership for the company's crucial year ahead. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

December 21, 2023 08:06 AM Eastern Standard Time

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