Slate Retail REIT Announces Increase in Term Loan and Revolving Credit Facility

TORONTO, ON—(Marketwired – June 12, 2017) – Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the “REIT”), an owner and operator of U.S. grocery–anchored real estate, announced today that it has increased its existing term loan and revolving credit facility each by $70 million for an additional $140 million.

The increase in the term loan and revolving credit facility further enhance the REIT's liquidity and provides flexibility to capitalize on future acquisition and redevelopment opportunities.

Proceeds from the increase in the term loan will initially be used to reduce the outstanding amount on the revolving credit facility.

The following are the new amounts outstanding for each of the revolving credit facility and term loan:

                   
    Maturity   Amount     Drawn(2)   Available(2)
Revolving credit facility   February 26, 2020(1)   $362.5 million     $75.5 million(3)   $287.0 million(3)
Term loan   February 26, 2021   $362.5 million     N/A   N/A
(1)   The REIT has an option to extend the maturity by one year to February 26, 2021.
(2)   Reflects the reduction of the outstanding amount using the proceeds from the increase in the term loan.
(3)   Amounts will be impacted by the previously announced acquisitions of Mooresville Consumer Square and the FL/PA portfolio.

No terms, other than the amount, for each of the revolving credit facility and term loan were modified.

Slate Asset Management L.P. is the REIT's manager.

About Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN)
Slate Retail REIT is a real estate investment trust focused on U.S. grocery–anchored real estate. The REIT owns and operates over U.S. $1 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation. Visit slateretailreit.com to learn more about the REIT.

About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4.0 billion in assets under management. Slate is a value–oriented manager and a significant sponsor of all of its private and publicly–traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long–term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Fusion and XComIP to Form Joint Venture to Launch Fusion Global Services, LLC

NEW YORK, NY—(Marketwired – June 12, 2017) – Fusion (NASDAQ: FSNN), a leading provider of cloud services, has reached an agreement with XComIP, LLC (“XComIP”) to create Fusion Global Services, LLC, a newly formed company organized to provide voice services to carriers worldwide. The transaction is expected to close before the end of the third quarter of 2017 subject to customary approvals and consents.

Fusion and XComIP will both contribute their carrier services revenue, customers, vendor agreements and certain system and infrastructure assets to the newly formed entity. Upon the close of the transaction, Fusion's Carrier Services division will be organized and managed separately from Fusion, with Fusion holding a 60% ownership position in the new entity. XComIP, an established service provider of similar size in carrier services revenue and customer base, will hold a 40% ownership position in the new entity.

The new company, which will be led by Jay Adams, XComIP's CEO, will leverage the considerable strengths of both companies in serving the global carrier community while relieving Fusion of much of the day–to–day management of the business that currently resides in its Carrier Services division. This will likewise enable Fusion's management team to devote greater time and resources toward expanding the company's rapidly growing and higher margin Business Services division.

Other anticipated benefits to Fusion of the newly formed joint venture include:

  • An increase in consolidated revenue and gross profit;

  • A reduction in operating expenses achieved by leveraging XComIP's capital equipment and network across the combined entity;
  • Continued access to lower termination costs as well as potential distribution opportunities for Fusion's Business Services division from our larger base of carrier customers and vendors; and
  • An expanded EBITDA margin profile on a consolidated basis

“We are excited to join forces with Jay Adams and his outstanding carrier team,” said Matthew Rosen, Fusion's CEO. “We have known Jay for over a decade and have come to admire him for his integrity, keen insight and clear understanding of the changing dynamics in the carrier business. Recognized as a real force in the industry, he has earned a reputation for excellence and has achieved tremendous success in creating innovative solutions to build businesses. Over the course of his long and distinguished career in communications, Jay has successfully led sales and operations teams to dramatically increase revenue and profits, holding executive positions at IDT Corporation, Vivaro, and Sakon, where he grew annual revenue to more than $140 million. We are confident that Jay will bring the same level of experience, expertise and energy to Fusion Global Services.

“The benefits to our newly combined entity and to Fusion on a consolidated basis are a 'win–win' from a financial and operating perspective. We also believe the proposed transaction will enhance shareholder value as we reduce costs and increase profitability, while drawing a more distinct separation between our Business Services division and what is today our Carrier Services division,” Mr. Rosen concluded.

“Fusion and XComIP have earned reputations for exceptional service quality, flexibility and ease of doing business with over many years of experience,” said Jay Adams, CEO of XComIP. “We share the same vision for the future, and are leveraging our individual strengths to build an even more powerful and successful combined entity that will take us to the next level in the carrier business. We recognize the tremendous synergies between the customers and vendors of our organizations, and we see immediate opportunities for strong and profitable growth as our companies come together.”

About Fusion
Fusion (NASDAQ: FSNN), a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud services platform enables the integration of leading edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion's innovative, yet proven cloud solutions lower our customers' cost of ownership, and deliver new levels of security, flexibility, scalability, and speed of deployment. For more information, please visit www.fusionconnect.com.

About XComIP
XComIP, LLC develops and provides innovative communications products and services, with an emphasis on the convergence of Voice over Internet Protocol (VOIP) and other emerging technologies. The company focuses on the wholesale carrier–to–carrier transport market, providing international and domestic long distance communications services. XComIP's strong experience and deep industry relationships enable it to provide exceptional service quality, flexibility and ease of doing business. XComIP's primary markets include Mexico, Central America and Africa, and the company maintains routes throughout other regions to serve carriers around the world.

Forward Looking Statements
Statements in this press release that are not purely historical facts, including statements regarding Fusion's beliefs, expectations, intentions or strategies for the future, may be “forward–looking statements” under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and may sometimes be identified by the use of forward–looking terminology such as “may”, “expect”, “anticipate”, “intend”, “estimate” or “continue” or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward–looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward–looking statements. Important risks regarding the Company's business include the Company's ability to raise additional capital to execute its comprehensive business strategy; the integration of businesses and assets following an acquisition; the Company's ability to comply with covenants included in its senior debt agreements; competitors with broader product lines and greater resources; emergence into new markets; natural disasters, acts of war, terrorism or other events beyond the Company's control; and other factors identified by Fusion from time to time in its filings with the Securities and Exchange Commission, which are available through http://www.sec.gov. However, the reader is cautioned that Fusion's future performance could also be affected by risks and uncertainties not enumerated above.

Dtex Systems and Delv Partner to Empower Australian Government Organizations with Leading User Behaviour Intelligence Solution

SAN JOSE, CA and CANBERRA, AUSTRALIA—(Marketwired – Jun 12, 2017) – Dtex Systems™, a leader in user behaviour intelligence and insider threat detection, today announced that it has signed a partner agreement with Delv, leaders in security and mobility services across Australia. Under the agreement, Delv will deliver the Dtex Advanced User Behaviour Intelligence Platform — a powerful solution combining endpoint–based user visibility with adaptive analytics — alongside Dtex and Delv's robust professional services offerings to the Australian Government.

Delv and Dtex are pleased to be part of the global cyber security market, currently valued at more than AU$100 billion and expected to more than double by 2020. The new partnership strengthens Australia's cyber security capabilities, and ensures both businesses and government organizations are equipped with the skills and technology needed to address the growing threat of malicious cyber activity.

The threat is so significant, in fact, that the Australian Government has set forth a national Cyber Security Strategy, a philosophy and program for meeting the security challenges, risks and opportunities presented by the digital age. In addition to emphasizing a commitment to fostering innovation and growth through strong cyber security, the Strategy outlines plans to invest more than AU$230 million to enhance Australia's cyber security capabilities. 

This includes more than AU$30 million to establish a Cyber Security Growth Centre – the Australian Cyber Security Growth Network (ACSGN) — an industry–led, not–for–profit company responsible for growing Australia's cyber security sector and deepening Australia's understanding of the importance of a cyber–secure economy. The ACSGN is working closely with Australia's cyber security sector to take advantage of the growing global market for cyber security products and services.

“We are truly excited to see Dtex, a company with both roots in Australia and years of formative growth in Silicon Valley, returning to the local market to join forces with a leading Australian security services provider,” said Michelle Price, Chief Operating Officer at ACSGN. “It's a signal that our economy is in a phase of significant growth around secure technology, and we're ready to establish and support a thriving cyber security ecosystem. Not only will this partnership enable today's Australian businesses to identify and combat potentially catastrophic security threats, but can inspire our next generation to help build the cyber–secure businesses and solutions of tomorrow.”

Delv has deep experience in developing, deploying and supporting security and mobility services for both government and private sector organizations. The company's most recent focus has been on securing end–user devices and associated user data. Delv is expanding that focus to address the larger enterprise security challenges resulting from user behaviour, both negligent and malicious. With roots in Canberra, Delv has a strong understanding of public sector requirements — particularly in the areas of governance, compliance and the need to deliver an integrated approach to cyber security.

“Delv is recognized as a highly respected, trusted industry partner by public and private organizations across Australia and we are excited to work together to protect the government sector from the potentially catastrophic effects of data loss while playing a part in boosting the country's cyber security capabilities,” said Mohan Koo, CTO and Co–Founder of Dtex Systems. “Insider threats require a unique, comprehensive approach that goes far beyond traditional network defenses and legacy security technologies. To successfully identify and mitigate these threats, it is imperative to analyze and build a contextual understanding of user behaviour while also putting a clear focus on maintaining user privacy.”

“The cyber security landscape is currently serviced by a range of products. At Delv, we have been on the hunt for new and innovative approaches that can extend an agency's security capabilities,” said Sam Smair, CEO of Delv. “In general, we have always maintained a strong focus on new products that complement an organization's existing security posture, technology and processes, and come with integrated data analytics. Dtex, with the unique and powerful ability to close major security gaps caused by negligent and malicious insider behaviour, as well as integrate with existing security log data management and analysis tools, fits this context perfectly. ”

Recognized as a pioneer in insider threat detection, Dtex understands the wide range of insider threat types — including negligent users, malicious actors and outside infiltrators — and is tuned to pinpoint them with greater accuracy than legacy enterprise security vendors without compromising user privacy or productivity. With the industry's most comprehensive library of thousands of known user threat behaviour patterns — enhanced with advanced risk modeling and combined risk scoring — the Dtex Advanced User Behaviour Intelligence Platform can identify abnormal user behaviour and provide contextual insights that help inform action.

To ensure visibility into user activity without impeding user productivity, Dtex employs an ultra–lightweight data collection method that can be deployed in just hours with no network impact. The platform also provides anonymization capabilities to strip metadata of any identifying information to maintain user privacy, deeming it suitable for use even under the strictest privacy laws and within the most sensitive government and public sector environments.

For more information about Dtex and the company's Advanced User Behaviour Intelligence Platform, visit www.dtexsystems.com. For more information about Delv, visit www.delv.com.

About Dtex Systems
Dtex Systems arms enterprises across the globe with revolutionary technology to protect against user threats, data breaches, and outsider infiltration. As the only solution combining unparalleled endpoint visibility with advanced analytics, Dtex is able to pinpoint threats with greater accuracy than traditional security methods without adversely impacting user productivity. In 2015, Dtex secured $15 million in Series A funding led by Norwest Venture Partners and Wing Ventures. To learn more, visit www.dtexsystems.com.

About Delv
Delv has a successful background in the architecture, design, deployment and support of security and mobility services for government and private sector organizations. Having been recognized by the Australian business press as a “Fast 100″ company, Delv continues to expand in the areas of service provision and security. Delv has a strong focus on security for endpoints as well as maintaining a strong focus on positive outcomes for clients and staff alike. Delv prides itself on finding innovative and quality technology partners that complement our existing capabilities and satisfy gaps in our client's requirements. Please visit www.delv.com for more information.

Reminder: iAnthus Capital Holdings to Host Conference Call to Discuss Proposed Acquisition of New York State Medical Marijuana License Holder

TORONTO, ON and NEW YORK, NY—(Marketwired – June 12, 2017) – iAnthus Capital Holdings, Inc. (“iAnthus” or “the Company”), (CSE: IAN) (CSE: IAN.CN) (CNSX: IAN) (OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operations throughout the United States, will hold a conference call for financial analysts and investors at 4:30PM ET on Monday, June 12, 2017 to discuss its binding letter of intent to acquire 100% of Valley Agriceuticals, LLC (“Valley Ag”), which has received conditional approval from the New York State Department of Health to be awarded one of just ten medical marijuana licenses issued by the state.

Please refer to the press release issued earlier today for additional information about the transaction.

A presentation will be available for download on the iAnthus Investor Relations web page shortly before the start of the call. The call will be archived and available on iAnthus' website for replay. Please visit http://ir.ianthuscapital.com/ to download a copy of the presentation or to access the archived conference call. The replay of the call will be available for 30 days.

Conference call and webcast details:

DATE:
Monday, June 12, 2017

TIME:
4:30 P.M. ET

DIAL IN NUMBER:
North America: 1–(866)–393–4318
International: (409) 350–3153
Conference ID: 35731702

REPLAY NUMBER:
North America: 1–(855)–859–2056
International: (404) 537–3406
Conference ID: 35731702

WEBCAST
http://edge.media–server.com/m/p/hjmypk5v

WEBSITE:
To view the press release and presentation, please visit the Investor Relations section of the IAnthus website at: http://ir.ianthuscapital.com/

To be added to the email distribution list, please email iAnthus@kcsa.com with “iAnthus” in the subject line.

About iAnthus Capital Holdings, Inc.

iAnthus Capital Holdings, Inc. provides investors diversified exposure to best–in–class licensed cannabis cultivators, processors and dispensaries throughout the United States. Founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands–on operating and management expertise. The Company leverages these skills to support a diversified portfolio of cannabis industry investments for our shareholders. For more information, visit www.iAnthuscapital.com.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Continental Gold Announces Appointment of Director

TORONTO, ON—(Marketwired – June 12, 2017) – Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) (“Continental” or the “Company”) is pleased to announce the appointment of Stephen Gottesfeld to the Board of Directors and Audit Committee of the Company. Mr. Gottesfeld is Executive Vice–President and General Counsel of Newmont Mining Corporation (“Newmont”). Newmont completed a US$109 million strategic investment in the Company on May 18, 2017 and, in connection with such investment, acquired the right to designate an individual to be appointed to serve as a director of the Company and serve as a member of the Audit Committee of the Board.

Ari Sussman, CEO of Continental, commented, “Stephen's significant mining industry expertise, particularly in Latin America, further strengthens our Board and we look forward to working with him as we advance our flagship Buriticá gold project in Antioquia, Colombia to production and execute our strategy of creating substantial value for shareholders.”

Prior to joining the Executive Leadership Team at Newmont, Mr. Gottesfeld served in the roles of Senior Vice– President, General Counsel and Corporate Secretary and Vice–President and General Counsel of Newmont from 2010 to 2013, Vice–President of Communications and Public Affairs from 2006 to 2010, and Associate General Counsel from 2004 to 2006, responsible for Newmont's Latin American, African and Central Asian legal offices. From 2002 to 2004, Mr. Gottesfeld was Newmont's Associate General Counsel and General Manager of Newmont Peru S.R.L., spending three years of his career with Newmont working in Lima, Peru. Prior to joining Newmont in 1997 as Senior Counsel, Mr. Gottesfeld was an Associate at Holland & Hart LLP. He earned a law degree and a Master's degree in International Affairs from the University of Denver in 1993 and received a Bachelor of Arts degree in Economics from The Colorado College in 1989.

About Continental Gold

Continental Gold Inc. is an advanced–stage exploration and development company with an extensive portfolio of 100%–owned gold projects in Colombia. Formed in April 2007, the Company – led by an international management team with a successful track record of discovering and developing large high–grade gold deposits in Latin America – is focused on advancing its fully–permitted high–grade Buriticá gold project to production with first gold pour on track for the first half of 2020.

Forward–Looking Statements

This news release contains or refers to forward–looking information under Canadian securities legislation, including statements regarding future plans and objectives of the Company and is based on current expectations that involve several significant business risks and uncertainties. Forward–looking statements are subject to other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward–looking statements. Factors that could cause actual results to differ materially from any forward–looking statement include, but are not limited to, an inability to advance the Buriticá project to the next level, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Specific reference is made to the most recent Annual Information Form on file with Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward–looking statements. All of the forward–looking statements made in this news release are qualified by these cautionary statements, and are made as of the date hereof. The Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

National MI Affordable Housing Insurance Rates Now Available through Optimal Blue

EMERYVILLE, CA—(Marketwired – June 12, 2017) – National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), announced that rate quotes are now instantly available on both standard and affordable mortgage products through the company's integration with Optimal Blue.

The availability of affordable lending mortgage insurance rates enhances National MI's current interface with Optimal Blue's product and pricing engine (PPE). Now when lenders price mortgage products, they will be able to quickly view National MI's mortgage insurance rates for Fannie Mae's HomeReady, Freddie Mac's Home Possible and Housing Finance Agency products, as well as for standard products.

“This enhanced integration with Optimal Blue enables our mutual lending customers to retrieve accurate mortgage insurance quotes instantly on standard or affordable coverage submissions, allowing them to conveniently offer these products to their borrowers,” said Laura Amato, senior vice president of strategic initiatives and servicing operations with National MI.

“Optimal Blue's best–in–class secondary marketing solution provides accurate, real–time product eligibility and pricing content to lenders,” said Bob Brandt, vice president of marketing & alliances for Optimal Blue. “Working with National MI to provide on–target coverage and mortgage insurance rates for affordable housing is a logical step in our mission.”

National MI is a sponsor at Optimal Blue's 2017 Client Conference starting June 14 at the Hilton Dallas in Plano, TX.

About National MI

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.–based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com.

About Optimal Blue

Optimal Blue operates the mortgage industry's digital marketplace, connecting lenders, investors, and providers with comprehensive secondary marketing solutions, market–leading capabilities and value–added services that deliver results. For more information, please visit www.optimalblue.com.

HomeReady® is a registered Fannie Mae trademark. Home Possible® is a registered Freddie Mac trademark.