Function(x) Receives Nasdaq Notice; Hearing Requested

NEW YORK, NY—(Marketwired – Jun 1, 2017) – Function(x) Inc. (NASDAQ: FNCX) (the “Company”), today announced that on May 25, 2017, the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) notified the Company that, due to the late filing of its Form 10–Q for the period ending March 31, 2017 (the “Form 10–Q”) with the Securities and Exchange Commission, the Company's securities would be subject to delisting unless the Company timely requests a hearing before the NASDAQ Hearings Panel (the “Panel”). 

The Company today requested a hearing before the Panel. At the hearing, the Company will present its plan to file the Form 10–Q to the Panel and request a further extension to do so. The hearing request will automatically stay any delisting action by NASDAQ, but only for a period of 15 days. As such, the Company also requested a further stay of any delisting action by NASDAQ at least until the Panel has issued its decision following the hearing and the expiration of any extension that may be granted by the Panel.

For further details, please refer to the company's Current Report on Form 8–K as filed with the Securities and Exchange Commission.

About Function(x)
Function(x) operates Wetpaint.com and Rant. Wetpaint is the leading online destination for entertainment news for millennial women, covering the latest in television, music, and pop culture. Rant is a leading digital publisher with original content in multiple different verticals, most notably in sports, entertainment, and pets. Function(x), Inc. is also the largest shareholder of DraftDay Gaming Group, which is well–positioned to become a significant participant in the expanding fantasy sports market, offering a high–quality daily fantasy sports experience both directly to consumers and to businesses desiring turnkey solutions to new revenue streams. Function(x), Inc. also owns Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.functionxinc.com.

Forward–Looking Statements
This press release may contain forward–looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward–looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Function(x), Inc. undertakes no obligation to update or revise publicly any forward–looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Almaden Minerals Ltd. Closes $17.2 Million Bought Deal Private Placement

VANCOUVER, BC—(Marketwired – June 01, 2017) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM) (NYSE MKT: AAU) is pleased to announce completion of the previously announced bought deal private placement. The Company issued a total of 9,857,800 units (“Units”) at $1.75 per Unit to raise gross proceeds of $17,251,150 (the “Offering”). The Offering was co–led by Sprott Capital Partners and Cormark Securities Inc. on behalf of a syndicate of underwriters which included PI Financial Corporation and National Bank Financial Inc. (collectively, the “Underwriters”). The Underwriters exercised in full their option to place an additional 1,285,800 Units over and above their commitment to place 8,572,000 Units as announced on May 5, 2017. Coeur Mining, Inc. (NYSE: CDE) (“Coeur”) acquired 2,856,000 Units of the Offering.

Each Unit consisted of one common share in the capital of the Company (a “Common Share”) and one–half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is transferable and entitles the holder to acquire one Common Share until June 1, 2020 at a price of $2.45.

The Offering was made by way of a private placement to qualified investors in certain provinces of Canada, and otherwise in those jurisdictions where the Offering could lawfully be made. All securities issued under the Offering are subject to a four month hold period expiring October 2, 2017 in accordance with applicable securities laws in Canada, and potentially additional restrictions under the laws of other jurisdictions in which the Offering may be made.

In connection with the Offering, the Underwriters were paid a cash fee equal to 6.0% of the gross proceeds of the Offering. As additional consideration, the Company granted the Underwriters non–transferable common share purchase warrants (the “Broker Warrants”) entitling the Underwriters to purchase up to 295,734 Common Shares at a price of $2.00 per share, expiring on June 1, 2019.

The net proceeds received by the Company are intended to be used to advance the Tuligtic Project through continued engineering, permitting activities and exploration drilling, as well as for general corporate and working capital purposes.

The offering is subject to the final approval of the Toronto Stock Exchange.

About Almaden

Almaden Minerals Ltd. owns 100% of the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold–Silver Deposit, which was discovered by Almaden in 2010.

On Behalf of the Board of Directors,

“Morgan Poliquin”

Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almaden Minerals Ltd.

Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have reviewed or accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Except for the statements of historical fact contained herein, certain information presented constitutes “forward–looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Such forward–looking statements, including but not limited to, those with respect to the intended use of proceeds and continuation of exploration and development programs involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Almaden to be materially different from any future results, performance or achievements expressed or implied by such forward–looking statements. Such factors include, among others, risks related to international operations and joint ventures, the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, environmental risks and hazards, increased infrastructure and/or operating costs, labour and employment matters, and government regulation and permitting requirements as well as those factors discussed in the section entitled “Risk Factors” in Almaden's Annual Information Form and Almaden's latest Form 20–F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Almaden has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Almaden disclaims any intention or obligation to update or revise any forward–looking statements, whether as a result of new information, future events or otherwise, other than as required pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward–looking statements.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF ANY OF THE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL, INCLUDING ANY OF THE SECURITIES IN THE UNITED STATES OF AMERICA. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE 1933 ACT) UNLESS REGISTERED UNDER THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.

ViXS Systems Sets Date for Release of Q1 Fiscal 2018 Results

TORONTO, ON—(Marketwired – June 01, 2017) – ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, will release its Fiscal 2018 First Quarter results on Wednesday, June 7, 2017 after market close. A conference call to discuss ViXS' financial results will be held at 5:00 P.M. Eastern Time.

FISCAL 1Q18 CONFERENCE CALL DETAILS:

DATE: June 7, 2017
   
TIME: 5:00 P.M. EDT
   
DIAL IN NUMBER: North American Toll: Free: 1–(866)–215–5508
International: (514) 841–2157

Passcode: 4502 7012#

   
REPLAY NUMBER: North American Toll: Free: 1–(888)–843–7419
International: (630) 652–3042

Passcode: 4502 7012#

   
WEBSITE: To view the press release or any additional financial information, please visit the Investor Relations section of the ViXS website at: https://www.vixs.com/ir–presentations/

About ViXS Systems Inc.

ViXS is a pioneer and market leader in designing revolutionary media processing semiconductor solutions for video over IP streaming solutions, with over 470 patents issued and pending worldwide, numerous industry awards for innovation, and over 33 million media processor shipped to date. ViXS is driving the transition to Ultra HD 4K across the entire content value chain by providing professional and consumer grade chipsets that support the new High Efficiency Video Coding (HEVC) standard up to Main 12 Profile, reducing bandwidth consumption by 50% while providing the depth of color and image clarity needed to take advantage of higher–resolution content. ViXS' XCodePro 300 family is ideal for Ultra HD 4K infrastructure equipment, and the XCode 6000 family of system–on–chip (SoC) products achieve unprecedented levels of integration that enable manufacturers to create cost–effective consumer entertainment devices.

ViXS is headquartered in Toronto, Canada with offices in Europe, Asia and North America. VIXS™, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners. For more information on ViXS, visit our website: www.vixs.com.

Forward–Looking Statements in this press release that are not historical facts constitute “forward–looking statements” within the meaning of applicable securities laws. Such statements include, but are not limited to, statements regarding ViXS' projected revenues, gross margins, earnings, growth rates, the impact of new product design wins, market penetration and product plans. The use of terms such as “may,” “anticipated,” “expected,” “projected,” “targeting,” “estimate,” “intend” and similar terms are intended to assist in identification of these forward–looking statements. Readers are cautioned not to place undue reliance upon any such forward–looking statements. Such forward–looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause ViXS' actual results to be materially different from historical results or from any results expressed or implied by such forward–looking statements.