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Sen. Rand Paul, R-Ky., endorsed President Donald Trump in a Wednesday post on X, making the unorthodox announcement more than three months after Election Day 2024.

When making the announcement, Paul pointed to Trump’s cabinet picks and a Truth Social post in which the commander in chief blasted Ukrainian President Volodymyr Zelenskyy.

‘A few people may have noticed that I resisted an enthusiastic endorsement of Donald Trump during the election. But now, I’m amazed by the Trump cabinet (many of whom I would have picked). I love his message to the Ukrainian warmongers, and along with his DOGE initiative shows I was wrong to withhold my endorsement,’ Paul declared in the tweet.

‘So today, admittedly a little tardy, I give Donald Trump my enthusiastic endorsement! (Too little too late some will say, but, you know, it is sincere, there is that.),’ he added. ‘Don’t expect this endorsement to be fawning. I still think tariffs are a terrible idea, but Dios Mio, what courage, what tenacity. Go @realDonaldTrump Go!’ 

The senator enthusiastically supported Trump’s choice to tap former Rep. Tulsi Gabbard as director of national intelligence and former independent presidential candidate Robert F. Kennedy, Jr. as secretary of the Department of Health and Human Services.

Tariffs are a ‘disaster for trade,’ says Sen. Rand Paul

But Paul has indicated that he will not support Trump’s pick for Labor Department secretary, former Rep. Lori Chavez-DeRemer.

Paul issued an anti-endorsement of former U.S. Ambassador to the United Nations Nikki Haley ahead of the Iowa Republican caucuses last year.

Sen. Rand Paul praises Trump for pardoning Ross Ulbricht:

While he stopped short of endorsing Trump ahead of the 2024 contest, Paul noted during an interview last year on ‘Honestly with Bari Weiss’ that he would vote for Trump over then-Vice President Kamala Harris.

This post appeared first on FOX NEWS

A train collided with a herd of elephants in Sri Lanka on Wednesday night, killing at least six of them, according to Sri Lanka Police.

No passengers were injured, but wildlife veterinary officers are treating a female elephant and an injured calf in the city of Giritale, Sri Lanka’s state-owned Daily News reported Thursday.

The Meenagaya train hit the herd at the 140 km mark between Minneriya and Galoya railway stations at around 11:30 pm Wednesday, Daily News reports.

“According to a statement released by the Department of Wildlife Conservation, Railway Department officials, police, and wildlife officers swiftly coordinated efforts at the scene. Further investigations into the incident are underway to determine the circumstances surrounding the collision,” Daily News reports.

According to the World Wildlife Fund (WWF) Sri Lankan elephants are the largest and the darkest of the Asian elephants. Their herd size ranges from 12-20 individuals and the oldest female typically leads the herd.

Elephants are a popular tourist attraction and hold symbolic, cultural and economic importance for Sri Lanka, WFF states. But co-existing with humans continues to be an issue as their forest habitats are cleared for human infrastructure and agriculture.

Similar incidents have happened before. The Associated Press reported that in October at least two elephants were killed when a train carrying thousands of gallons of fuel hit a herd in northwest Sri Lanka in the town of Minneriya, about 200 km from the capital, Colombo.

Minneriya National Park is home to the world’s largest known gathering of Asian elephants and draws many tourists, according to the park’s website.

The train driver told the Associated Press in October that the herd of nearly 20 elephants suddenly tried to cross over the railway track.

“There was about 10 meters (32 feet) between us. So, we couldn’t do anything. We pressed the breaks to their maximum capacity, but there was nothing much we could do. At least four elephants were knocked down.” drive N.W. Jayalath told the Associated Press.

This post appeared first on cnn.com

The top Republican on the House Committee on Small Business is calling for President Donald Trump’s new Small Business Administration (SBA) chief to do what he says the Biden administration wouldn’t – and provide answers on alleged taxpayer-funded electioneering in swing states and the failure to actively recoup fraudulent or misappropriated COVID relief funds.

Rep. Roger Williams, R-Texas, chair of the House Committee on Small Business, told Fox News Digital Thursday his committee has sounded the alarm on how the Biden administration ‘moved the [SBA] far away from its intended mission: serving Main Street America.’

Williams recalled how the House Small Business Committee had been ‘stonewalled’ in multiple requests for information on how the SBA was working under a 2021 Biden executive order on ‘promoting access to voting’ when it forged a ‘memorandum of understanding (MOU)’ with Michigan election officials.

In the committee’s letter to SBA Administrator Kelly Loeffler being sent later Thursday, the panel will note Trump rescinded the Biden order, but remains ‘deeply troubled by the lack of transparency from the Biden-Harris SBA and looks forward to working with you to determine what impact this may have had on the 2024 election.’

Rep. Roger Williams shares GOP

The letter will also alert Loeffler to several Biden-era rule changes they believe present an ‘immediate threat’ to its small-business-lending portfolio.

As for allegations the previous SBA leadership punted on recovering misallocated COVID aid, the letter invokes Trump’s DOGE endeavors and floats a project to investigate fraud and recover the funds, which they characterize as a prime example of how Loeffler can assist that cause.

‘It is estimated that across the SBA’s COVID-19 lending programs, approximately $200 billion went to potentially fraudulent recipients,’ the letter said, while also noting the Biden SBA ‘unilaterally decided’ to suspend delinquent disaster loan and PPP collections for loans under $100,000.

‘The Committee is interested in determining the Biden-Harris SBA’s rationale for this decision and seeks to understand the impact this had on the ability of law enforcement to track and prosecute fraud,’ the committee wrote.

Last year, Williams issued a rare committee subpoena for staff travel calendars and more information from the SBA seeking to discern whether or how taxpayer money was potentially being spent to register voters in heavily Democratic areas in Michigan under the MOU.

Democrats on the panel, however, have long criticized the GOP majority’s machinations:

‘Unfortunately, with [these Michigan/MOU] subpoenas, Republicans have rejected these principles to pursue a partisan inquiry,’ ranking member Nydia Velazquez, D-N.Y., told Fox News Digital.

Trump, Musk open up about their partnership, DOGE efforts amid backlash

While the Biden-era SBA maintained they did nothing wrong, Williams persisted in trying to conduct congressional oversight of the alleged electioneering. Similar could be said for the committee’s efforts to probe the SBA’s position on recouping the problematic COVID aid amounts.

‘The Committee looks forward to working with Administrator Loeffler and the Trump Administration to return credibility and transparency to the SBA,’ Williams said Thursday.

‘Together, we will ensure small businesses have a voice in our government and bring the Golden Age of America to Main Street.’

This post appeared first on FOX NEWS

Indiana Republican Sen. Jim Banks is set to deliver a speech to conservatives on Thursday declaring victory over ‘wokeness’ and making the case that the ‘Golden Age of America’ ushered in by President Trump will mean the ‘death’ of DEI. 

‘Despite how extensively DEI polluted our institutions, President Trump, with the swipe of his pen, dismantled this Marxist ideology from the halls of our government,’ Banks, who founded the Anti-Woke Caucus during his time in the House, is expected to tell the audience at the Conservative Political Action Conference in Maryland on Thursday, Fox News Digital has learned. 

‘DEI is the biggest threat to the American Dream, but the Golden Age of America means the death of DEI.’

Banks’ speech states that Democrats in the United States have attempted to ‘sabotage’ institutions with ‘wokeness’ as their ‘primary weapon’ meant to ‘nuke’ American culture while eroding society. 

‘Putting up a fight against this kind of poison requires courageous action,’ Banks will say. ‘That’s exactly what President Trump has done.’

Since taking office, Trump has acted to fulfill campaign promise to remove DEI policies from the federal government that critics for several years have argued shift the focus away from meritocracy and, as a result, make the country less safe and less effective. 

Included in those actions were executive orders in the early days of Trump’s presidency banning ‘radical gender ideology’ and Diversity, Equity and Inclusion initiatives from all branches of the U.S. military.

In an executive order dubbed ‘Restoring America’s Fighting Force,’ Trump stated that DEI programs have undermined ‘leadership, merit and unit cohesion, thereby eroding lethality and force readiness’ and have ‘violated Americans’ consciences by engaging in invidious race and sex discrimination.’

‘Maybe most importantly, DEI has been uprooted from our military,’ Banks will tell the crowd at CPAC. ‘Under Biden, our armed forces were wasting precious time and taxpayer resources running social experiments. Do you think China’s military is worried about filling diversity quotas and making sure everyone’s pronouns and delusions are respected?’

‘No. As an Afghanistan veteran, I can tell you that diversity, in and of itself, provides no strategic advantage. In fact, holding up diversity as some sort of moral virtue is a deadly distraction. Under President Trump, we’re rightfully refocusing our military on lethality. Because that’s what keeps us safe.’

Additionally, Trump’s partnership with Tesla CEO Elon Musk to slash waste with DOGE has resulted in DEI-related cuts in the federal government, including the Department of Education, which said last week it canceled nearly $350 million in ‘woke’ spending.

The agency canceled 10 contracts with Regional Educational Laboratories (REL), totaling $336 million, after a review of the contracts uncovered ‘wasteful and ideologically driven spending not in the interest of students and taxpayers,’ a news release stated. 

‘The Education Department under President Trump has given schools 14 days to end any practice that treats students differently because of their race or lose federal funding,’ Banks will say. ‘A huge blow to DEI and a massive win for our kids.’

While Banks believes that Trump has ‘put his foot on the neck of woke and driven a stake through the heart of those who hate America,’ he warns in his speech that Congress still has work to do on the issue and specifically railed against ‘weak Republicans on our side.’

‘Congress needs to do its job and reinforce the successes that President Trump and his administration have accomplished,’ Banks said. ‘We need legislation to codify and extend his transformative executive orders.’

‘We have no time for wimpy Republicans. The New Right merges true conservatism with the interests of the people. President Trump and his administration boldly embody this new party.’

Fox News Digital’s Elizabeth Pritchett contributed to this report

This post appeared first on FOX NEWS

Moderate GOP Sen. Susan Collins, R-Maine, revealed she will not back President Donald Trump’s nominee to be director of the FBI, Kash Patel. 

‘The nomination of Kash Patel to serve as Director of the FBI comes to the Senate against the backdrop of recent personnel actions at the Department of Justice, including the resignations of several career federal prosecutors who felt they were being instructed to act in a manner inconsistent with their ethical obligations,’ she said in a Thursday statement released just before a key procedural vote. 

‘While I strongly support efforts to ensure all federal employees perform their responsibilities ethically and in accordance with the law, Mr. Patel’s recent political profile undermines his ability to serve in the apolitical role of Director of the FBI,’ she added. 

Trump’s controversial FBI nominee cleared his last procedural hurdle on Thursday morning, despite losing Collins’ support. 

Key Republican Sens. Bill Cassidy, R-La., and Thom Tillis, R-N.C., are backing Patel for the role. 

Tillis, who held out on Defense Secretary Pete Hegseth’s nomination, was one of the first to get behind Patel, helping to shepherd him through the Senate. 

Moderate Sen. Lisa Murkowski, R-Alaska, has not said if she will vote to confirm Patel, but she did vote ‘yes’ on the last procedural hurdle, indicating she would do so on the final vote. 

Patel will have a final confirmation vote on Thursday afternoon. 

Collins also opposed Hegseth, alongside Murkowski and former Republican Senate Leader Mitch McConnell, R-Ky. Vice President JD Vance needed to break the tie in the Senate and confirm Hegseth. 

With full attendance, Patel can only afford to lose three Republican votes, assuming that all Democrats will oppose him. 

Collins is notably up for re-election in 2026 in Maine. She was an exception during her last bid when she won the state alongside then-President Joe Biden, as a result of split-ticket voting. 

This post appeared first on FOX NEWS

The Senate voted to advance the confirmation of FBI director nominee Kash Patel on Thursday. 

A vote to invoke cloture and begin up to 30 hours of debate on the nominee passed 51 to 47. 

Members of the Senate Judiciary Committee voted earlier this month, 12 to 10, to advance Patel to the full floor for a vote. 

Still, Patel faced a somewhat rockier path to confirmation, even in the Republican-majority chamber, after Democrats on the panel used their political weight to delay Patel’s confirmation vote earlier this month. 

Top Judiciary Democrat Dick Durbin claimed on the Senate floor that Patel had been behind recent mass firings at the FBI, citing what he described as ‘highly credible’ whistleblower reports indicating Patel had personally directed the ongoing purge of FBI employees prior to his confirmation.

But that was sharply refuted by Senate Republicans, who described the allegation as a baseless and politically motivated attempt to delay Patel’s confirmation, and by a Patel aide, who described Durbin’s claim as categorically false.

This person told Fox News Digital that Patel flew home to Las Vegas after his confirmation hearing and had ‘been sitting there waiting for the process to play out.’

Patel, a vociferous opponent to the investigations into President Donald Trump and one who served at the forefront of Trump’s 2020 election fraud claims, vowed during his confirmation hearing last month that he would not engage in political retribution against agents who worked on the classified documents case against Trump and other politically sensitive matters.

But his confirmation comes at a time when the FBI’s activities, leadership, and personnel decisions are being closely scrutinized for signs of politicization or retaliation.

Thousands of FBI agents and their superiors were ordered to fill out a questionnaire detailing their roles in the Jan. 6 investigation, prompting concerns of retaliation or retribution. 

A group of FBI agents filed an emergency lawsuit this month seeking to block the public identification of any agents who worked on the Jan. 6 investigations, in an attempt to head off what they described as potentially retaliatory efforts against personnel involved. 

‘There will be no politicization at the FBI,’ Patel told lawmakers during his confirmation hearing. ‘There will be no retributive action.’

But making good on that promise could prove to be complicated. 

Trump told reporters this month that he intends to fire ‘some’ of the FBI personnel involved in the Jan. 6, 2021 Capitol riots, characterizing the agents’ actions as ‘corrupt,’ even as he stopped short of providing any additional details as to how he reached that conclusion.

‘We had some corrupt agents,’ Trump told reporters, adding that ‘those people are gone, or they will be gone— and it will be done quickly, and very surgically.’

The White House has not responded to questions over how it reached that conclusion, or how many personnel could be impacted, though a federal judge in D.C. agreed to consider the lawsuit.

And in another message meant to assuage senators, Patel said he didn’t find it feasible to require a warrant for intelligence agencies to surveil U.S. citizens suspected to be involved in national security matters, referring to Section 702 of the Foreign Intelligence Surveillance Act (FISA).

‘Having a warrant requirement to go through that information in real time is just not comported with the requirement to protect American citizens,’ Patel said. ‘It’s almost impossible to make that function and serve the national, no-fail mission.’

‘Get a warrant’ had become a rallying cry of right-wing conservatives worried about the privacy of U.S. citizens, and almost derailed the reauthorization of the surveillance program entirely. Patel said the program has been misused, but he does not support making investigators go to court and plea their case before being able to wiretap any U.S. citizen. 

Patel held a number of national security roles during Trump’s first administration – chief of staff to acting Defense Secretary Chris Miller, senior advisor to the acting director of national intelligence, and National Security Council official. 

He worked as a senior aide on counterterrorism for former House Intelligence Chairman Devin Nunes, where he fought to declassify records he alleged would show the FBI’s application for a surveillance warrant for 2016 Trump campaign aide Carter Page was illegitimate, and served as a national security prosecutor in the Justice Department. 

In public comments, Patel has suggested he would refocus the FBI on law enforcement and away from involvement in any prosecutorial decisions. 

In a recent Wall Street Journal op-ed, he suggested his top two priorities are to ‘let good cops be cops’ and transparency, which he described as ‘essential.’

‘If confirmed, I will focus on streamlining operations at headquarters while bolstering the presence of field agents across the nation,’ he wrote. ‘Collaboration with local law enforcement is crucial to fulfilling the FBI’s mission.’

Patel went on: ‘Members of Congress have hundreds of unanswered requests to the FBI. If confirmed, I will be a strong advocate for congressional oversight, ensuring that the FBI operates with the openness necessary to rebuild trust by simply replying to lawmakers.’

This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Wednesday (February 19) as of 9:00 PM UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$96,170, recording a 2.1 percent increase over 24 hours.

The day’s trading range has brought a high of US$96,604 at the open and a low of US$95,612.

Meanwhile, Ether is priced at US$2,718, marking a rise of 3.4 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,726 and a low of US$2,686.

Altcoin price update

    • XRP was on the rise, ending Wednesday at US$2.66, a 5.4 percent increase over 24 hours. The cryptocurrency reached an intraday high of US$2.68 and a low of US$2.58.
    • Sui (SUI) is trading at US$3.15 percent, near its highest valuation of the day and a 4.3 percent increase. It achieved a daily high of US$3.25 and a low of US$3.15.
    • Cardano (ADA) is down, priced at US$0.7566, reflecting a 0.8 percent increase over 24 hours. Its highest price on Wednesday was US$0.769 and its lowest was US$0.7535.

    Crypto news to know

    FTX starts creditor repayments

    FTX Digital Markets has begun repaying US$1.2 billion to creditors, marking a new step in its ongoing bankruptcy proceedings. The first round of payments prioritizes creditors with claims under US$50,000.

    FTX creditor Sunil, a member of the exchange’s largest creditor group, said over 1,500 claimants will receive payments in this initial round. However, larger creditors are still awaiting further updates.

    The FTX collapse in 2022 contributed to one of the harshest downturns in crypto history.

    While the repayments signal progress, many large claims remain unresolved. Future repayments and creditor actions will determine the long-term effects on market liquidity and investor confidence.

    Senate confirms Lutnick to lead Commerce department

    The US Senate confirmed Howard Lutnick as secretary of commerce on Tuesday (February 18) with a final vote of 52 to 45. Lutnick is the CEO of Cantor Fitzgerald and a known crypto advocate with a vested interest in Tether; in November 2024, the Wall Street Journal broke the news of an investment deal that would give Cantor Fitzgerald a 5 percent stake in Tether’s business, worth about US$600 million. Lutnick resigned as CEO following his confirmation.

    Hong Kong strives to safeguard virtual assets

    The Hong Kong Securities and Futures Commission (SFC) published a roadmap to further develop and safeguard the virtual asset market. The ASPIRe roadmap lays out a five pillar framework (access, safeguards, products, infrastructure and relationships) involving 12 initiatives “designed to future-proof Hong Kong’s virtual asset ecosystem.” The SFC also suggested that regulators be flexible in modernizing outdated regulations.

    Binance resumes US dollar services

    Binance will resume US dollar deposit and withdrawal services for US customers after 18 months; the suspension followed a lawsuit brought against the firm in June 2023 by the US Securities and Exchange Commission (SEC).

    “The feature will gradually roll out to all eligible customers in the coming days,” the company said. “This means you can deposit and withdraw USD by linking a bank account, buy crypto via bank transfer, and enjoy trading on USD pairs.”

    Coinbase launches SOL and HBAR futures contracts

    Coinbase has launched SOL and HBAR (the native currency for Hedera) futures contracts on its derivatives exchange. “This milestone represents another step forward in the regulatory evolution of crypto derivatives in the United States, reinforcing the legitimacy and growing demand for digital assets,” the company said in a press release.

    Futures markets, regulated by the Commodity Futures Trading Commission (CFTC), provide a stable benchmark for spot cryptocurrency exchange-traded funds (ETFs), and several issuers have filed for spot SOL ETFs with the SEC, which has until October 2025 to decide. Building on this momentum, Coinbase’s chief policy officer, Faryar Shirzad, submitted a proposal to Congress outlining six legislative priorities, including granting full spot market authority to the CFTC.

    SEC may not pause litigation against Kraken and Ripple

    According to Fox Business reporter Eleanor Terrett, multiple sources have confirmed that the SEC is pausing crypto litigation with imminent deadlines, providing one explanation for why regulators haven’t paused lawsuits against Kraken and Ripple, which have court deadlines of March 31 and April 16, respectively.

    The SEC halted its lawsuits against Binance and Coinbase last week.

    ‘It’s possible SEC leadership is expecting @realDonaldTrump’s pick for chair Paul Atkins to be on his way to getting confirmed by that time,” Terrett posted to X, formerly Twitter.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Moderate GOP Sen. Susan Collins, R-Maine, revealed she will not back President Donald Trump’s nominee to be director of the FBI, Kash Patel. 

    ‘The nomination of Kash Patel to serve as Director of the FBI comes to the Senate against the backdrop of recent personnel actions at the Department of Justice, including the resignations of several career federal prosecutors who felt they were being instructed to act in a manner inconsistent with their ethical obligations,’ she said in a Thursday statement released just before a key procedural vote. 

    ‘While I strongly support efforts to ensure all federal employees perform their responsibilities ethically and in accordance with the law, Mr. Patel’s recent political profile undermines his ability to serve in the apolitical role of Director of the FBI,’ she added. 

    Trump’s controversial FBI nominee cleared his last procedural hurdle on Thursday morning, despite losing Collins’ support. 

    Key Republican Sens. Bill Cassidy, R-La., and Thom Tillis, R-N.C., are backing Patel for the role. 

    Tillis, who held out on Defense Secretary Pete Hegseth’s nomination, was one of the first to get behind Patel, helping to shepherd him through the Senate. 

    Moderate Sen. Lisa Murkowski, R-Alaska, has not said if she will vote to confirm Patel, but she did vote ‘yes’ on the last procedural hurdle, indicating she would do so on the final vote. 

    Patel will have a final confirmation vote on Thursday afternoon. 

    Collins also opposed Hegseth, alongside Murkowski and former Republican Senate Leader Mitch McConnell, R-Ky. Vice President JD Vance needed to break the tie in the Senate and confirm Hegseth. 

    With full attendance, Patel can only afford to lose three Republican votes, assuming that all Democrats will oppose him. 

    Collins is notably up for re-election in 2026 in Maine. She was an exception during her last bid when she won the state alongside then-President Joe Biden, as a result of split-ticket voting. 

    This post appeared first on FOX NEWS

    As the CWENCH Hydration™ brand continues to gain popularity, Cizzle Brands is strategically adding new retailers in select North American markets. Calgary Co-op and Freson Bros. are both chains of supermarkets in Alberta, and are expected to play a key role in building out the presence of CWENCH Hydration™ in Western Canada.

    Cizzle Brands Corporation (Cboe Canada: CZZL) (OTC: CZZLF) (Frankfurt: 8YF) ( the ‘Company’ or ‘Cizzle Brands’) , is pleased to announce that all four ready-to-drink (‘RTD’) flavours of its flagship product CWENCH Hydration™ are available for purchase chain-wide at Calgary Co-op and Freson Bros., each of which are major regional grocery chains in the Canadian province of Alberta. In addition to the RTD beverages, Freson Bros. is also carrying 10-count packs of CWENCH Hydration Mix packets in all four flavours.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250220214731/en/

    All four RTD flavours of CWENCH Hydration™ are shown on a retail shelf at a Calgary Co-op supermarket in the Calgary, Alberta area (Photo: Business Wire)

    All four RTD flavours of CWENCH Hydration™ are shown on a retail shelf at a Calgary Co-op supermarket in the Calgary, Alberta area (Photo: Business Wire)

    This placement adds to the brand’s presence in Western Canada, following the Company’s recent announcement that Kelowna-based gas station chain Canco Petroleum began carrying the full RTD lineup of CWENCH Hydration™ beverages.

    Calgary Co-op is a member-owned retail cooperative with over 440,000 members that offers a full range of grocery products, in addition to pharmacy and fuel at select locations. Its first location was opened in 1956, working directly with local farmers and ranchers to offer locally sourced foods to Calgary-area residents and visitors. In 2025, Calgary Co-op has 43 stores and a total of 3,850 employees.

    More information about Calgary Co-op can be found on its website: https://www.calgarycoop.com/

    Freson Bros was founded in 1955 as a butcher shop, and later expanded into full-scale grocery. With 16 locations across the province of Alberta and over 1,000 employees, Freson Bros is situated in key Alberta markets including Edmonton, Grande Prairie, and Peace River.

    More information about Freson Bros. can be found on its website: https://www.freson.com/

    Cizzle Brands’ Founder, Chairman, and Chief Executive Officer, John Celenza commented ‘Step by step, we are strategically building out a market presence for CWENCH Hydration™ across North America. Community grocers such as Calgary Co-op and Freson Bros. are important pillars of this strategy as we continue to gain market acceptance. CWENCH Hydration™ keeps growing its market share in Western Canada, and we plan to keep up this momentum with the addition of these two grocery chains in Alberta. We are excited to be working with Calgary Co-op and Freson Bros. as we continue commercializing the CWENCH Hydration™ brand across Canada.’

    About Cizzle Brands Corporation

    Cizzle Brands Corporation is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 1,200 stores in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle.

    For more information about Cizzle Brands, please visit: https://www.cizzlebrands.com/

    For more information about CWENCH Hydration™, please visit: https://www.cwenchhydration.com

    Notice Regarding Images and Links: This press release may contain images and/or links to outside web pages, which could play an important role in providing the full context of the news update being conveyed through this press release. Some news aggregation services may remove these images and/or links at their discretion. Therefore, readers are encouraged to access SEDAR+ or the News section of the Cizzle Brands Corporation website to view this press release containing all images and/or links as originally published.

    On behalf of the Board of Directors of the Company,

    Cizzle Brands Corporation

    ‘John Celenza’

    John Celenza, Founder, Chairman, and Chief Executive Officer

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

    This news release contains ‘forward-looking information’ which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.

    Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors change.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250220214731/en/

    For further information, please contact:
     
    Setti Coscarella
    Head of Corporate Development
    investors@cizzlebrands.com
    1-844-588-2088

    News Provided by Business Wire via QuoteMedia

    This post appeared first on investingnews.com

    Highlights 

    • Closing the oversubscribed brokered offering for $5.75 million of gross proceeds. 

    • Participation by all directors and officers of the Company, maintaining alignment to shareholders. 

    • Raise was completed without dilutive warrants and without a significant discount to market trading price.

    Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (FSE: X9R) (WKN: A40QYC) (‘Rua Gold’ or the ‘Company’) is pleased to announce that it has closed its previously announced brokered ‘best efforts’ public offering consisting of 9,583,410 common shares in the capital of the Company (each, a ‘Common Share’), which included the exercise of the over-allotment option in full, at a price of C$0.60 per Common Share for aggregate gross proceeds of C$5,750,046 (the ‘Offering’).

    The Company intends to use the net proceeds from the Offering for continuing the exploration program on its Reefton Project, and for general corporate and working capital purposes, as disclosed in the Prospectus Supplement (as defined below).

    Robert Eckford, CEO, commented: ‘We are pleased to have completed this fully subscribed offering, including the over-allotment under our shelf prospectus. We will now execute on the Company’s exploration strategy in Reefton and expand its mineral resources. It was very encouraging to see the support of current shareholders participating in this financing, including all the directors and officers of the Company. As always, we remain aligned with shareholders to make this Company a success.’

    The Offering was completed pursuant to an agency agreement (the ‘Agency Agreement‘) between the Company and Cormark Securities Inc., as sole agent (the ‘Agent‘).

    In consideration for services rendered in connection with the Offering, the Company paid the Agent a cash fee of C$269,999 and issued to the Agent 575,004 broker warrants (the ‘Broker Warrants‘). Each Broker Warrant is exercisable to acquire one Common Share at an exercise price of $0.60 per Common Share for a period of 24 months following closing of the Offering.

    The Offering was completed in Canada pursuant to a prospectus supplement dated February 14, 2025 (the ‘Prospectus Supplement‘) to the Company’s short form base shelf prospectus dated July 11, 2024 (the ‘Shelf Prospectus‘) filed in each of the provinces and territories of Canada, except Québec. Common Shares were also issued in the United States and in offshore jurisdictions pursuant to private placement or similar exemptions in accordance with applicable securities laws. Copies of the Prospectus Supplement, Shelf Prospectus and Agency Agreement are available under the Company’s SEDAR+ profile at www.sedarplus.ca. The Offering remains subject to the final acceptance of the TSX Venture Exchange (the ‘TSXV‘).

    Insiders of the Company (the ‘Insiders‘) subscribed to the Offering for an aggregate of 1,890,109 Common Shares. This issuance of the Common Shares to the Insiders constitutes a ‘related party transaction’ as such term is defined under Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Offering by the Insiders does not exceed 25% of the fair market value of the Company’s market capitalization. A material change report was not filed in connection with the participation of the Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company considers reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and to complete the Offering in an expeditious manner.

    The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

    About Rua Gold

    Rua Gold (TSXV: RUA) (OTCQB: NZAUF) (FSE: X9R) (WKN: A40QYC) is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

    The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

    The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

    For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

    Rua Gold Contact

    Robert Eckford
    Chief Executive Officer
    Phone: (604) 655-7354
    Email: reckford@RUAGOLD.com
    Website: www.RUAGOLD.com

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

    This news release includes certain statements that may be deemed ‘forward-looking statements.’ All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions including but not limited to exploration programs at its Reefton Project; the intended use of the net proceeds of the Offering; and the final acceptance of the TSXV with respect to the Offering. 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 results may differ materially from those in the forward-looking statements.

    Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward-looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

    Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

    This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241633

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