SG Blocks, Inc. Announces Pricing of Public Offering and NASDAQ Listing

BROOKLYN, NY—(Marketwired – Jun 21, 2017) – SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a premier designer, innovator and fabricator of container–based structures, today announced the pricing of its initial public offering of 1,500,000 shares of its common stock at a public offering price of $5.00 per share. All of the shares of common stock are being offered by SG Blocks. The shares are expected to begin trading on the NASDAQ Capital Market on June 22, 2017 under the ticker symbol “SGBX”. In addition, SG Blocks has granted the underwriters a 45–day option to purchase from SG Blocks up to an additional 225,000 shares of common stock at the initial public offering price, less the underwriting discount.

The gross proceeds to SG Blocks from this offering are expected to be $7,500,000, prior to deducting underwriting discounts, commissions and other estimated offering expenses.

SG Blocks plans to use the net proceeds from the offering for working capital and other general corporate purposes and to repay the remaining portion of the Company's outstanding debt.

The offering is expected to close on or about June 27, 2017, subject to customary closing conditions.

Joseph Gunnar & Co., LLC is acting as sole book–running manager for the offering.

The Securities and Exchange Commission declared effective a registration statement on Form S–1 relating to these securities on June 13, 2017. A final prospectus relating to this offering will be filed with the SEC. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained by contacting Joseph Gunnar & Co, LLC, Prospectus Department, 30 Broad Street, 11th Floor, New York, NY 10004, telephone 212–440–9600, email: prospectus@jgunnar.com. Investors may also obtain these documents at no cost by visiting the Securities and Exchange Commission's website at http://www.sec.gov. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the Securities and Exchange Commission for more complete information about the Company and the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About SG Blocks, Inc.

SG Blocks, Inc. is a premier innovator in advancing and promoting the use of code–engineered cargo shipping containers for safe and sustainable construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. For more information, visit www.sgblocks.com.

Forward–Looking Statements

This press release contains forward–looking statements about the Company's expectations, beliefs and intentions. Forward–looking statements can be identified by the use of forward–looking words such as “believe”, “expect”, “intend”, “plan”, “may”, “should”, “could”, “might”, “seek”, “target”, “will”, “project”, “forecast”, “continue” or “anticipate” or their negatives or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical matters. For example, forward–looking statements are used in this press release when we discuss the expected timing of the closing of the offering, the use of proceeds, the expected trading of our shares on Nasdaq and the description of our business. These forward–looking statements involve certain risks and uncertainties, including, among others, risks impacting the ability of the Company to complete any public offering of its securities because of general market conditions or other factors and risks that could cause the Company's results to differ materially from those expected by Company management or otherwise described in or implied by the statements in this press release. Any forward–looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward–looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in SG Blocks' Registration Statement on Form S–1 filed with the SEC, which is available on the SEC's website, www.sec.gov.

Redwood Asset Management Inc. Announces June Distributions

TORONTO, ON—(Marketwired – June 21, 2017) – Redwood Asset Management Inc. is pleased to announce the following distributions for the month of June. The ex–distribution date is June 28, 2017.

                     
Open–End Funds   Exchange Symbol   Distribution per share/unit   Record Date   Payable Date   Distribution Frequency
Redwood Canadian Preferred Share Fund – ETF Units   RPS   $ 0.0840   06/30/2017   07/10/2017   Monthly
Redwood Core Income Equity Fund – ETF Series   RDE   $ 0.06801   06/30/2017   07/10/2017   Monthly
Redwood U.S. Preferred Share Fund – ETF Units   RPU   $ 0.0940   06/30/2017   07/10/2017   Monthly
Redwood U.S. Preferred Share Fund Non–Currency Hedged – ETF Units   RPU.B   $ 0.0940   06/30/2017   07/10/2017   Monthly
                     
Closed–End Funds   Exchange Symbol   Distribution per
unit
  Record Date   Payable Date   Distribution Frequency
Canadian Investment Grade Preferred Share Fund (P2L) – Class T   RIGP.UN   $ 0.1146   06/30/2017   07/17/2017   Monthly
Canadian Investment Grade Preferred Share Fund (P2L) – Class A   unlisted   $ 0.1146   06/30/2017   07/17/2017   Monthly
June 2021 Investment Grade Bond Pool – Class T   RBP.UN   $ 0.0887   06/30/2017   07/17/2017   Monthly
June 2021 Investment Grade Bond Pool – Class A   unlisted   $ 0.0775   06/30/2017   07/17/2017   Monthly

About Redwood Asset Management Inc.

Redwood Asset Management is a Toronto–based investment fund manager, focused on delivering unique investment solutions managed by boutique global investment managers to Canadian investors. Redwood Asset Management is a wholly owned subsidiary of Purpose Investments Inc., which has over $3 billion in assets under management. More information about Redwood's product offerings is available at www.redwoodasset.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Purpose Investments Inc. Announces June Distributions

TORONTO, ON—(Marketwired – June 21, 2017) – Purpose Investments Inc. is pleased to announce the following distributions for the month of June 2017. The ex–distribution date for all funds is June 28, 2017, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF, which have an ex–distribution date of June 30, 2017.

                     
Open–End Funds   TSX Symbol   Distribution per share/unit   Record Date   Payable Date   Distribution Frequency
Purpose Core Dividend Fund – ETF Series   PDF   $ 0.08001   06/30/2017   07/10/2017   Monthly
Purpose Total Return Bond Fund – ETF Series   PBD   $ 0.07001   06/30/2017   07/10/2017   Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series   PHR   $ 0.08001   06/30/2017   07/10/2017   Monthly
Purpose Monthly Income Fund – ETF Series   PIN   $ 0.08301   06/30/2017   07/10/2017   Monthly
Purpose Premium Yield Fund – ETF Series   PYF   $ 0.08301   06/30/2017   07/10/2017   Monthly
Purpose Canadian Financial Income Fund – ETF Series   BNC   $ 0.07501   06/30/2017   07/10/2017   Monthly
Purpose Conservative Income Fund – ETF Series   PRP   $ 0.04401   06/30/2017   07/10/2017   Monthly
Purpose Diversified Real Asset Fund – ETF Series   PRA   $ 0.07001   06/30/2017   07/10/2017   Quarterly
Purpose International Tactical Hedged Equity Fund – ETF Series   PHW   $ 0.10001   06/30/2017   07/10/2017   Quarterly
Purpose International Dividend Fund – ETF Units   PID   $ 0.0560   06/30/2017   07/10/2017   Monthly
Purpose US Dividend Fund – ETF Units   PUD   $ 0.0510   06/30/2017   07/10/2017   Monthly
Purpose US Dividend Fund Non–Currency Hedged – ETF Units   PUD.B   $ 0.0597   06/30/2017   07/10/2017   Monthly
Purpose Tactical Investment Grade Bond Fund – ETF Units   BND   $ 0.0550   06/30/2017   07/10/2017   Monthly
Purpose Short Duration Tactical Bond Fund – ETF Units   SBND   $ 0.0370   06/30/2017   07/10/2017   Monthly
Purpose High Interest Savings ETF   PSA   $ 0.0425   06/30/2017   07/10/2017   Monthly
Purpose US Cash ETF   PSU.U   US$ 0.0755   06/30/2017   07/10/2017   Monthly
                     
Closed–End Funds   TSX Symbol   Distribution per share/unit   Record Date   Payable Date   Distribution Frequency
NexC Partners Corp. – Class A   NXC   $ 0.16501   06/30/2017   07/10/2017   Quarterly
NexC Partners Corp. – Class F   unlisted   $ 0.16501   06/30/2017   07/10/2017   Quarterly
Energy Credit Opportunities Income Fund – Class A   PCF.UN   $ 0.0500   06/30/2017   07/17/2017   Monthly
Energy Credit Opportunities Income Fund – Class U   PCF.U   US$ 0.0500   06/30/2017   07/17/2017   Monthly
Investment Grade Managed Duration Income Fund – Class T   PFU.UN   $ 0.0417   06/30/2017   07/17/2017   Monthly
Investment Grade Managed Duration Income Fund – Class A   unlisted   $ 0.0417   06/30/2017   07/17/2017   Monthly
Investment Grade Managed Duration Income Fund – Class A2   unlisted   $ 0.0417   06/30/2017   07/17/2017   Monthly
Limited Duration Investment Grade Preferred Securities Fund – Class A   PFD.UN   $ 0.1250   06/30/2017   07/17/2017   Monthly
Limited Duration Investment Grade Preferred Securities Fund – Class F   unlisted   $ 0.1250   06/30/2017   07/17/2017   Monthly
Limited Duration Investment Grade Preferred Securities Fund – Class U   PFD.U   US$ 0.1198   06/30/2017   07/17/2017   Monthly
Limited Duration Investment Grade Preferred Securities Fund – Class V   unlisted   US$ 0.1198   06/30/2017   07/17/2017   Monthly
U.S. Banks Income & Growth Fund – Class T   PUB.UN   $ 0.0417   06/30/2017   07/17/2017   Monthly
U.S. Banks Income & Growth Fund – Class A   unlisted   $ 0.0417   06/30/2017   07/17/2017   Monthly
U.S. Banks Income & Growth Fund – Class A2   unlisted   $ 0.0417   06/30/2017   07/17/2017   Monthly
(1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
 

About Purpose Investments Inc.

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $3 billion in assets under management and currently offers 37 exchange traded funds and mutual funds and 7 closed–end funds across multiple asset classes and both traditional and alternative investment strategies.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Function(x) to Begin Trading Over-the-Counter

NEW YORK, NY—(Marketwired – Jun 21, 2017) – Function(x) Inc. (NASDAQ: FNCX) (the “Company”) today announced that it has determined to accept the Nasdaq Listing Qualifications Staff's determination to delist the Company's securities from Nasdaq. As a result, trading in the Company's common stock will be suspended on Nasdaq effective with the open of business on Thursday, June 22, 2017, and the Company will be formally delisted from Nasdaq following Nasdaq's filing of the requisite Form 25 with the Securities and Exchange Commission (the “SEC”), which will serve to complete the delisting process.

Immediately following the suspension of trading on Nasdaq, the Company expects its common stock to be quoted on the OTC Pink market electronic quotation service operated by OTC Markets Group Inc. The Company's common stock will continue to trade under the symbol FNCX. (OTC PINK: FNCX) For quotes or additional information on the OTC Pink market, please visit http://www.otcmarkets.com.

For complete details, please see the Form 8–K the Company filed this same date.

Robert F X Sillerman, Executive Chairman and CEO, commented, “The Company came to the conclusion that the overhang of uncertainty and the continuing expense related to these issues were an unnecessary cost and distraction as we execute on our vision. Nothing has changed in our stated goals to become the preeminent digital media/publisher. We intend to file our 10–Q in the near term, and follow all necessary steps to both be a responsible and productive public company and accelerate our growth trajectory.”

Wesdome Gold Mines Announces Results of Annual and Special Meeting

TORONTO, ON—(Marketwired – June 21, 2017) – Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) announces the results of the Company's annual and special meeting of shareholders (the “Meeting”) held earlier today.

A total of 86,641,252 common shares were represented at the Meeting, representing 65.32% of the total issued and outstanding common shares of the Company.

All matters presented for shareholder approval at the Meeting were approved, as follows:

       
  a)   Appointment of Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing the directors of fix their remuneration;
       
  b)   Election of the directors of the Company for the ensuing year; and
       
  c)   Approval of the 2017 Omnibus Equity Incentive Plan of the Company.
       

The following seven individuals were elected as directors of the Company, until the next annual meeting of shareholders, as set out in the table below:

                 
Name of Nominee   Votes cast
FOR
  % of votes
cast FOR
  Votes cast
WITHHELD
  % of votes cast
WITHHELD
Charles Main   81,314,170   99.83   139,583   0.17
Duncan Middlemiss   81,321,270   99.84   132,483   0.16
Nadine Miller   81,328,685   99.85   125,068   0.15
Warwick Morley–Jepson   81,245,485   99.74   208,268   0.26
Charles Page   81,323,970   99.84   129,783   0.16
Rowland Uloth   52,466,558   64.41   28,987,195   35.59
Bill Washington   81,314,120   99.83   139,633   0.17
                 

Please refer to the Company's Report of Voting Results filed on SEDAR at www.sedar.com for further details on the above matters.

ABOUT WESDOME
Wesdome Gold Mines is in its 30th year of continuous gold mining operations in Canada. The Company is 100% Canadian focused with a pipeline of projects in various stages of development. The Eagle River Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d'Or, Quebec. The Kiena Complex is a fully permitted former mine with a 930 metre shaft and 2,000 tonne per day mill. The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario, which is being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 133 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO.”

This news release contains “forward–looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward–looking statements can be identified by the use of words 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. Forward–looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward–looking statements. Forward–looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward–looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward–looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward–looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward–looking statements.

Tidewater Midstream and Infrastructure Ltd. Confirms Second Quarter 2017 Dividend

CALGARY, AB—(Marketwired – June 21, 2017) –

THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES

Tidewater Midstream and Infrastructure Ltd. (TSX VENTURE: TWM) (the “Corporation”) is pleased to announce that its Board has declared a dividend for the second quarter 2017 of $0.01 per common share payable on or about July 31, 2017 to shareholders of record on June 30, 2017. The ex–dividend date is June 28, 2017. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada).

The Corporation's Business

Tidewater is a public company listed on the TSX–V that was incorporated under the Alberta Business Corporations Act on February 4, 2015 to pursue the purchase, sale and transportation of natural gas and natural gas liquids (“NGLs”) throughout North America and export to overseas markets. Tidewater is also engaged in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, NGLs by rail, export terminals and storage facilities. Tidewater continues to investigate opportunities with North American producers and mid–streamers for the acquisition and development of such infrastructure projects.

U.S. Securities Laws

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

TSX Venture Exchange

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