International Lithium Corp. (TSXV:ILC) announced that it has reached a settlement agreement with Mariana Lithium Co. Ltd., its joint venture partner and a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd.; the agreement is regarding the Mariana lithium joint venture brine project in Argentina.

International Lithium Corp. (TSXV:ILC) announced that it has reached a settlement agreement with Mariana Lithium Co. Ltd., its joint venture partner and a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd.; the agreement is regarding the Mariana lithium joint venture brine project in Argentina.
Key points of the settlement agreement are as follows:

  1. Outstanding management fee and a settlement amount totaling US$84,706 are to be paid to ILC by MLC;
  2. The double dilution for ILC’s purported default in meeting the January 2017 cash call, resulting in an ownership percentage of 14.492% for ILC, is to be calculated as a single dilution amount resulting in an ownership of 17.246% in the Mariana project for ILC;
  3. ILC will maintain its status as having zero defaults as defined in the joint venture agreement;
  4. ILC will pay to MLC US$206,294 which is the difference of its underpayment of the cash calls up to and including the November 28, 2017 cash call paid, representing cash calls at the 14.492% level now revised to 17,246%; and
  5. US$15,698 to be paid to ILC by MLC for various project-related costs.

Click here to read the full International Lithium Corp. (TSXV:ILC) press release.

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US-Based National Car Retailer, Which Purchases up to 48,000 Vehicles Annually, Joins Powerband/D2D Virtual Auction Platform

PowerBand Solutions Inc. (TSXV:PBX) is pleased to announce its partner D2D Auto Auction LLC (“D2D”) has reached an agreement with a U.S. national car retailer to purchase used vehicles on D2D’s virtual auction platform.

PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) (“PowerBand”, “PBX” or the “Company”) is pleased to announce its partner D2D Auto Auction LLC (“D2D”) has reached an agreement with a U.S. national car retailer to purchase used vehicles on D2D’s virtual auction platform.

The agreement to purchase used vehicles on the D2D auction platform is with one of the United States largest used-vehicle retailers, operating over 140 dealerships in 12 states. The retailer purchases up to 48,000 vehicles annually, which it then sells to consumers. D2D’s goal is to place as many as possible of those 48,000 vehicles on its virtual auction platform. The virtual auctions are also accessible to Dealers – and soon U.S. consumers – through the Company’s Driveaway App.

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Humanigen announced that the first COVID-19 patient has been dosed in its previously announced Phase III study.

Humanigen (OTCQB:HGEN) announced that the first COVID-19 patient has been dosed in its previously announced Phase III study.

The goal of the study is to determine if lenzilumab, the company’s proprietary anti-GM-CSF monoclonal antibody, can be used in the treatment of COVID-19.

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The New Rochelle Police Department has entered into a subscription agreement for the company’s Watchman vehicle recognition software. 

Rekor Systems (NASDAQ:REKR) announced that the New Rochelle Police Department has entered into a five year, $225,000 subscription agreement for the company’s Watchman vehicle recognition software.

As quoted in the press release:

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