|By Marketwired .||
|April 21, 2014 09:16 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/21/14 -- Michelle Navarro Grau ("MNG") announced that on April 21, 2014, MNG may be deemed to have acquired indirect beneficial ownership of, and/or control or direction over, 3,596,000 common shares of CB Gold Inc. ("CB Gold", and each common share of CB Gold, a "Common Share") which were acquired by Seymour Business Company Inc. ("SBC") through the facilities of the TSX Venture Exchange (the "Transaction"). 3,500,000 of such Common Shares were acquired at a price of $0.12 per share, and 96,000 of such Common Shares were acquired at a price of $0.125 per share.
Immediately following the completion of the Transaction, MNG may be deemed to have beneficial ownership of, and/or control and direction over, directly or indirectly, an aggregate of: (i) 14,679,700 Common Shares of CB Gold (13,333,500 of which are held by SBC, and 1,346,200 of which are held by Thatagata Investment Corp. ("TIC", and with MNG and SBC, the "Filing Parties"), and (ii) 500,000 warrants to purchase Common Shares of CB Gold (each, a "Warrant"), each of which may be exercised to purchase one Common Share at a price of $0.70 per share until October 28, 2015. All 500,000 Warrants are directly held by SBC. MNG may be deemed to exercise control or direction, directly or indirectly, over SBC and TIC. In addition, Sagu Holdings Inc. ("SHI") holds 2,120,000 Common Shares of CB Gold and may be deemed to be acting jointly or in concert with MNG, SBC, and TIC for purposes of Canadian Securities Laws.
Accordingly, immediately following the completion of the Transaction, for purposes of Canadian securities laws MNG (together with SHI, which may be deemed to be acting jointly or in concert with MNG, SBC, and TIC) may be deemed to have beneficial ownership of, and/or control and direction over, directly or indirectly, an aggregate of 17,299,700 Common Shares of CB Gold, or approximately 10.84% of the Common Shares that would have been outstanding at such time assuming the issuance of all 500,000 Common Shares for which the Warrants may be exercised.
For purposes of calculating percentages of Common Shares beneficially owned or over which control or direction is exercised, directly or indirectly, the Filing Parties have assumed that there were 159,586,007 Common Shares outstanding as of the date hereof (assuming the exercise of all Warrants that are the subject of this Report), and assuming that there were 159,086,007 Common Shares outstanding as at March 21, 2014 (without giving effect to the issuance of any Common Shares upon the exercise of Warrants) as disclosed by CB Gold in its Management's Discussion and Analysis for the year ended December 31, 2013, filed on SEDAR on March 26, 2014.
The Filing Parties and SHI acquired beneficial ownership of, and control or direction over, directly or indirectly, the Common Shares that are the subject of this news release for investment purposes. The Filing Parties and SHI intend to review their investment in CB Gold on a continuing basis. Depending on various factors including, without limitation, CB Gold's financial position, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, CB Gold's business or financial condition and other factors and conditions the Filing Parties and SHI deem appropriate from time to time, the Filing Parties and/or SHI may in the future take such actions with respect to their investments in CB Gold as the Filing Parties or SHI deem appropriate including, without limitation, acquiring Common Shares or other securities of CB Gold, and selling or otherwise disposing of some or all of the Common Shares or other securities of CB Gold held by any of them from time to time. In addition, the Filing Parties and/or SHI may formulate other purposes, plans or proposals regarding CB Gold or any of CB Gold's securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors or may change their intention with respect to any and all matters referred to above.
Neither the dissemination over the news wires of this news release nor the filing with applicable securities commissions of the related early warning report in connection with the matters disclosed herein in accordance with applicable Canadian securities laws is an admission that any individual or entity named or referred to in this news release owns or controls any described securities or is a joint actor with another individual or entity named or referred to in this news release.
The Filing Parties' addresses are as follows: Michelle Navarro Grau, Avenida Javier Prado Este No. 3580, San Borja, Lima, Peru; SBC and TIC, jiron Crane 102, San Borja, Lima, Peru.
For further information, including to obtain a copy of the report filed by the Filing Parties in accordance with applicable Canadian securities laws, contact the Filing Parties at the address specified below or their Canadian counsel at the number specified below.
Jr. Crane 102 San Borja, Lima 41, Peru Attn: Ernesto Bendezu Tel: +51 (1) 618-1004 Or contact the Filing Parties' Canadian counsel at: Tel: +1 (416) 865-4404
Jr. Crane 102
San Borja, Lima 41, Peru
Attn: Ernesto Bendezu
+51 (1) 618-1004
The Filing Parties' Canadian counsel:
+1 (416) 865-4404
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:21 AM EST
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:00 AM EST Reads: 853
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:00 AM EST Reads: 975
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 8, 2016 10:30 AM EST Reads: 7,294
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Dec. 8, 2016 10:30 AM EST Reads: 521
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 8, 2016 10:05 AM EST Reads: 137
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Dec. 8, 2016 10:00 AM EST Reads: 583
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 8, 2016 10:00 AM EST Reads: 980
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 8, 2016 09:45 AM EST Reads: 1,920
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 8, 2016 09:30 AM EST Reads: 596
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Dec. 8, 2016 09:15 AM EST Reads: 929
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 09:12 AM EST Reads: 211
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Dec. 8, 2016 09:00 AM EST Reads: 460
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 09:00 AM EST Reads: 587
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 8, 2016 08:45 AM EST Reads: 890