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‘Unpardonable’: May 9 not to be compromised, forgiven due to ongoing govt-PTI talks: Tarar

TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc., (CBOE: ABXX) (OTCQX: ABXXF) (" Abaxx ” or the " Company ”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte Ltd. (" Abaxx Singapore ”), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, " Abaxx Exchange ” and " Abaxx Clearing ”), and producer of the SmarterMarketsTM Podcast, today announces that it has filed an early warning report in respect of MineHub Technologies Inc. (" MineHub ”). On December 27, 2024, pursuant to a share purchase agreement between Abaxx and MineHub dated December 3, 2024 (the " SPA ”), Abaxx acquired 8,810,000 common shares of MineHub (" MineHub Shares ”). Prior to the closing of the SPA (the " Closing ”), Abaxx held 8,333,333 MineHub Shares representing 10.83% of the issued and outstanding MineHub Shares on an undiluted and a partially diluted basis. Immediately after Closing, Abaxx held 17,143,333 MineHub Shares, representing 19.87% of the issued and outstanding MineHub Shares on an undiluted and a partially diluted basis. As a result of the MineHub Shares issued in connection with the SPA, Abaxx's holdings have changed by more than 2% on a partially diluted basis since the filing of its previous early warning report. The MineHub Shares held by Abaxx are for investment purposes. In accordance with applicable securities laws, Abaxx may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments of MineHub in the open market or otherwise, and reserves the right to dispose of any or all of such securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to such securities, the whole depending on market conditions, the business and prospects of MineHub and other relevant factors. This disclosure is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues , which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report will be filed by Abaxx under MineHub's profile on SEDAR+ at www.sedarplus.com or may be obtained at Abaxx's head office address at 110 Young St., Suite 1601, Toronto, Ontario M5C 1T4. The MineHub Shares are listed on the TSX Venture Exchange under the symbol "MHUB”. MineHub is a corporation existing under the laws of British Columbia with its head office at Suite 918 - 1030 West Georgia St., Vancouver, British Columbia, V6E 2Y3, Canada. About Abaxx Technologies Abaxx is building Smarter Markets - markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of subsidiaries Abaxx Exchange and Abaxx Clearing, recognized by MAS as a "recognised market operator” (RMO) and "approved clearing house” (ACH), respectively. Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy. For more information please visit abaxx.tech , abaxx.exchange and smartermarkets.media . Media and investor inquiries: Abaxx Technologies Inc. Investor Relations Team Tel: +1 246 271 0082 E-mail: [email protected] Cautionary Statement Regarding Forward-Looking Information This press release includes certain "forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx's future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "seeking”, "should”, "intend”, "predict”, "potential”, "believes”, "anticipates”, "expects”, "estimates”, "may”, "could”, "would”, "will”, "continue”, "plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information related to Abaxx in this press release includes but is not limited to, Abaxx's objectives, goals, and future plans. Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Abaxx as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate and extreme weather events; dilution; Abaxx's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; regulatory risks in Singapore and Canada; the ability to list Abaxx's securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; taxation; resource shortages; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's operations, whether true or not; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; the impact of inflation, including global energy cost increases; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; changes in the price of commodities, capital market conditions and restriction on labor and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx's normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx 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. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Readers are cautioned that forward-looking statements are not guarantees of future performance. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose") announced today that it has decided to terminate Purpose Marijuana Opportunities Fund ("the Fund") at the close of business on or about March 14, 2025 (the "Termination Date"). It is anticipated that the ETF units of Purpose Marijuana Opportunities Fund will be voluntarily delisted from the Cboe Canada Exchange at the close of business on or about March 12, 2025 (the "Delisting Date"). The decision to close the Fund was driven primarily by the Fund's relatively low assets under management, which has made it difficult to efficiently manage the Fund in accordance with its intended investment objective. As a result, in the view of Purpose, the termination is in the best interest of unitholders. Unitholders that hold Class A Units, Class F Units or ETF Units (collectively, "Units") will have the option to redeem their Units at net asset value on or prior to the Termination Date. There will be no fees or redemption charges applicable to such redemptions. Holders of ETF Units of the Fund may continue to trade their ETF Units on the Cboe Canada Exchange until the Delisting Date. All units not redeemed prior to the Fund's closure will be automatically redeemed at that time at net asset value, in accordance with the terms of the master declaration of trust of the Fund. Units still outstanding at 4:00 p.m. EST on the Termination Date will be automatically redeemed, with the proceeds either deposited into the unitholder's account or a cheque mailed directly to the unitholder or to their dealer, nominee or intermediary, as applicable. If required, a final distribution for the Fund will occur on or about the Termination Date. There may be tax implications for unitholders with respect to any disposition of Units. We strongly urge unitholders to contact their financial advisor to discuss the financial and tax implications associated with a redemption of Units and the termination of the Fund. About Purpose Investments Inc. Purpose Investments Inc. is an asset management company with more than $20 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact: Keera Hart Keera.Hart@kaiserpartners.com 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Forward-Looking Information Purpose cautions the reader not to place undue reliance upon any such forward-looking statements contained herein, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "on pace", "anticipates", or "does not anticipate", "believes", and similar expressions or state that certain actions, events or results "may", "could", "would", "should", "might", or "will" be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management's current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Purpose to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties. Although the forward-looking information contained in this press release is based on assumptions that Purpose believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Purpose does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.