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VANCOUVER, British Columbia, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Rakovina Therapeutics Inc. (TSX-V: RKV, the “ Company ”, “ Rakovina ”, or “ Rakovina Therapeutics ”) a biopharmaceutical company committed to advancing new cancer therapies based on novel DNA-damage response technologies is pleased to announce the closing of a $3.0 million private placement. The private placement consists of 50,000,000 units (the “ Units ”) at a price of $0.06 per Unit. Each Unit consists of one common share of the Company (each, a “ Common Share ”) and one Common Share purchase warrant (each, a “ Warrant ”). Each Warrant entitles the holder thereof to subscribe for and purchase one Common Share of the Company for a period of 24 months from the date of issue at a price of $0.10 per Common Share. Rakovina retains the right to accelerate the Warrant exercise period if, upon written notice to the holder, the 20-day volume-weighted average price of its Common Shares exceeds $0.30. In connection with the Private Placement, the Company paid cash finder’s fees to Canaccord Genuity Corp., Ventum Financial Corp., Haywood Securities Inc., Research Capital Corporation, Hampton Securities Limited, Ewing Morris & Co. Investment Partners Ltd. and Leede Financial Inc. (each a “ Finder ”, and collectively, the “ Finders ”) in the aggregate amount of $180,841 and issued a total of 3,021,872 non-transferable finder’s warrants (each, a “ Finder’s Warrant ’) to the Finders, in accordance with the policies of the TSX Venture Exchange (the “ TSXV ”). Each Finder’s Warrant entitles the holder thereof to subscribe for and purchase one Common share of the Company for a period of 24 months from the date of issue at a price of $0.10 per Common Share, subject to acceleration on the same terms as the Warrants issued in connection with the private placement. The private placement is subject to the final acceptance of the TSXV and all securities issuable in connection with the private placement are subject to a hold period of four months plus one day from the date of issuance, in accordance with applicable securities laws. The proceeds of the private placement will be used to accelerate both discovery and development of the Company’s proprietary drug candidates, shortlisted from the Deep Docking and Variational AI platforms. “This overwhelming response from our investors underscores the strength of our science, the extraordinary talent and dedication of our team and the transformative potential of our therapies,” said Jeffrey Bacha, Executive Chairman of Rakovina Therapeutics. “We are deeply grateful for the trust placed in us and remain resolute in our mission to utilize leading AI technologies to develop innovative solutions for cancer care.” The Company extends its heartfelt thanks to its investors, partners, and team for their unwavering support as Rakovina continues its work to bring new hope to patients and families affected by cancer. Rakovina is pleased to announce its engagement of Fairfax Partners Inc. as its Investor Relations (IR) partner. With extensive expertise in investor engagement strategies, Fairfax will implement a comprehensive six-month IR program designed to enhance Rakovina’s market presence and expand its investor base. The program, which includes an option to renew for an additional six months, focuses on complementing traditional IR efforts with targeted online marketing campaigns, activation of a robust social media influencer network, and collaboration with external consultants and global wealth management channels. These initiatives will support Rakovina’s strategic plan for 2025 by institutionalizing its investor base and strengthening its distribution capabilities. Under the agreement, Fairfax will receive a monthly fee of $5,000 plus GST, a one-time setup fee of $15,000 plus GST, and a marketing budget of $120,000 plus GST, disbursed as follows: $80,000 upon signing and $40,000 two months later. Services provided by Fairfax include inbound and outbound phone communications, website and social media management, marketing material preparation, news release support, and roadshow assistance, ensuring Rakovina’s IR efforts align with market expectations. Fairfax Partners Inc., located at 306-1238 Seymour Street, Vancouver, BC, confirms that neither its directors nor officers hold any securities of Rakovina. For inquiries, please contact connect@fairfaxpartners.com. “We are thrilled to partner with the seasoned team at Fairfax Partners to expand our investor base and increase awareness of Rakovina Therapeutics’ vision. Fairfax’s creative and forward-thinking approach to investor relations will be a critical asset as we enter a pivotal year. By harnessing their extensive network and digital expertise, we aim to significantly enhance our market presence and deliver lasting value to our shareholders,” said Mr. Bacha. About Rakovina Therapeutics Inc. Rakovina Therapeutics Inc. is dedicated to developing innovative cancer therapies targeting the DNA-damage response. The company has established a development pipeline of novel DNA-damage response inhibitors by leveraging Artificial Intelligence (AI) to accelerate the identification and optimization of drug candidates. Rakovina Therapeutics aims to advance one or more of these candidates into human clinical trials in collaboration with pharmaceutical partners and secure marketing approvals from Health Canada, the U.S. Food and Drug Administration, and other international regulatory agencies. Further information may be found at www.rakovinatherapeutics.com . The TSXV has neither approved nor disapproved the content of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Forward-Looking Statements: This release includes forward-looking statements regarding the Company and its respective business, which may include, but is not limited to, statements with respect to the terms of the private placement, the closing of the private placement, the receipt of final TSXV approval, the proposed business plan of the Company; the Company’s commitment to advancing new cancer therapies; the ability of the Company to extract value from its AI collaborations; the Company’s ability to execute on its business plans while maintaining high standards of research; the ability of Pharma Inventor Inc. to accurately provide medicinal chemistry support; the projected timeline and effectiveness of the Company’s strategy to utilize the Deep Docking AI platform; and the Company’s ability to generate shareholder value. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” 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. Such statements are based on the current expectations of the management of the Company. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, economic factors, regulatory factors, the equity markets generally and risks associated with growth and competition. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. The reader is referred to the Company’s most recent filings on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at www.sedar.com. For Further Information Contact: David Hyman, Chief Financial Officer info@rakovinatherapeutics.com Invest Relations &Media Michelle Seltenrich ir@rakovinatherapeutics.com 778-773-5432Jagdeep Dhankhar To bring a motion to remove the VP, a 14-day notice has to be given and it should be approved by the deputy chairman before it is taken up. With the winter session ending on Dec 20, the notice submitted on Tuesday may not cover the required number of days. Opposition sources said they plan to submit a fresh notice in the next session. It is learnt that 10 days ago, TMC first came up with the suggestion of a no-confidence move against the VP. "However, with Congress caught up with the Adani issue, it was conveyed to Sonia Gandhi , who spoke to Congress president and leader of opposition in RS Mallikarjun Kharge, encouraging him to join the move," a source told TOI. It was decided that Kharge, Sonia and floor leaders of opposition parties would not be among the signatories to the notice, sources said. Since their first step during the monsoon session, opposition parties had gathered what they called "evidence" by compiling videos, articles and other documents, to prove their accusation of bias against the VP. In fact, a video clip also showed Dhankhar picking on BJP's Piyush Goyal. The opposition has been upset with Dhankhar over multiple issues, the latest trigger being him allowing BJP members to raise allegations of links between Congress representatives and controversial billionaire George Soro, who, the saffron party claims, are involved in "anti-India activities". The opposition said his conduct in the House on Dec 9, 2024, was "particularly one-sided and totally unfair", and that he was "encouraging and provoking" the treasury benches to make outrageous remarks. The motion submitted by the opposition MPs said it was "unbecoming of high-level constitutional authorities that are expected to act in accordance with and in furtherance of the principles enshrined in the Constitution of India". The motion said Dhankhar's term as RS chairman was "rife with instances" where he has "acted in a manner that is explicitly partisan and unfair towards members belonging to the opposition". They accused him of repeatedly making disparaging comments about opposition members, criticising actions where their MPs have expressed their views on issues concerning functioning of govt.They mentioned an instance from July where Dhankhar, while presiding over the House, labelled himself as the "Eklavya of RSS". It said Dhankhar has repeatedly denied "legitimate requests" of the leader of opposition in RS to intervene and rebut the PM and the leader of the House. They also alleged he was being an "impassioned spokesperson of govt's policies in public forums across the country". Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .Quebec premier says he's 'open' to possibility of Quebec constitution by 2026
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Jammu, November 30: More than 5.59 lakh job aspirants are slated to appear in an examination for 4,002 vacancies of police constables in Jammu and Kashmir, officials said on Saturday. The test is scheduled to commence across the Union Territory from Sunday. A group of youngsters, meanwhile, staged a demonstration here, reiterating their demand for age relaxation and rescheduling of the examination. "A total of 5,59,135 candidates are scheduled to appear in the exams for 4,002 posts of constables (home department) to be held on December 1, December 8 and December 22," Jammu and Kashmir Services Selection Recruitment Board (SSRB) Chairperson Indu Kanwal Chib said at a meeting here. The meeting of the civil administration and police department was convened by Chief Secretary Atal Dulloo to take stock of the preparations made by the deputy commissioners to conduct the exams. Jammu and Kashmir: Over 35,000 Youth From Different Areas of the Union Territory Participate in Territorial Army Recruitment Drive at Surankote Town in Poonch (Watch Video) . Chib said the exams for the posts of constable (executive/armed/SDRF) are going to be held on December 1 at 856 centres across 20 districts, for which 2,62,863 candidates are set to appear, with the maximum number of 54,296 candidates appearing from Jammu district. Similarly, for the posts of constable (telecommunications), the SSRB chairperson said 1,67,609 candidates are going to appear in the exams to be held on December 8 and 1,28,663 are scheduled to appear in the test for constable (photographer) exams on December 22. The meeting was informed that for the first time, male and female gazetted officers have been deployed at each centre as "frisking supervisors", besides ensuring videography of the exams to ensure transparency, an official spokesperson said. The chief secretary impressed upon the officers to make adequate arrangements in terms of deployment of staff, including observers, supervisors, invigilators and other personnel, for a smooth conduct of the examinations. He urged the deputy commissioners to visit as many exam centres as possible, besides forming teams under senior officers in the district administration to examine all the centres set up in their districts. The chief secretary sensitised them to ensure that no untoward incident of copying or malpractice occurs anywhere and that enough security personnel are deployed at each centre in the district, the spokesperson said. He enquired with them about the arrangements made for the delivery of both sensitive and non-sensitive exam material to the centres. J-K: Territorial Army Completes Recruitment Drive in Baramulla . The chief secretary also enjoined upon them to personally monitor the whole process till the OMR sheets are sent back to the SSRB by the police department, the spokesperson said. Meanwhile, a group of youngsters, who could not apply for the constable posts due to being over-age, staged a demonstration here and raised slogans against the administration for not providing them a level-playing field. "We had also dreamt of joining the police and serving the nation but were denied the opportunity by the administration, which failed to hold the examination for years. We have given our representation to the lieutenant governor, political parties and officers seeking age relaxations but all our pleas were ignored," youth leader and social activist Mehran Anjum Mir said. The protesters reiterated their demand for age relaxation for the posts of constable and sub-inspector, and demanded rescheduling of the constable examination to allow them to compete as well. The SSRB has issued a notification for the recruitment of 669 sub-inspectors in the Jammu and Kashmir Police department. According to the official schedule, the application process for recruitment will begin on December 3 and conclude on January 2, 2025.Zoom, Agilent, Woodward, and more set to report earnings Monday
Citing concerns about "undocumented illegals" and despite "significant push back" from Montana fisheries staff, Fish and Wildlife Commissioner K.C. Walsh's late-hour amendment to reduce how many fish some anglers can keep to eat was approved. The Fish and Wildlife Commission sanctioned the amendment in a 5-2 vote at its Nov. 12 meeting with commissioners Susan Brooke, of Bozeman, and Brian Cebull, of Billings, opposing the change. The measure restricts the daily and possession limits for trout in the Western and Central fishing districts on rivers and streams to three fish daily and in possession. The change only applies to streams where the Department of Fish, Wildlife & Parks recommended going to a five fish limit. For example, on the Dearborn River, a tributary to the Missouri, FWP proposed moving from three fish to the Central District's standard five fish limit. In proposing the change, the department said there was "no biological justification to maintain" the three fish limit. Growth concern Walsh, a former fishing gear manufacturing executive, said the increase could harm the Dearborn fishery and others where a similar increase was proposed. "The state is enjoying vibrant growth right now in population," he said. "Our country is seeing very significant growth in immigration, and we may have people moving to the state that need more clarity on what our Montana values represent. I feel that a lower limit on rivers and streams is warranted for that reason alone." Since 1999, Montana's population has increased by more than 250,000 people, a jump of more than 25%. In the same time span, FWP's survey of angling pressure showed an increase of 2,400 angler days in the Western District, less than half a percent. The Central District saw an increase of almost 39,700 angler days over the same period, a 2.5% increase. Both districts saw higher spikes in some years. Simplify, standardize The department had suggested the change under orders to simplify and standardize its regulations where possible. The proposal, along with many others, went out to the public in August followed by eight statewide meetings. The last meeting was held on Sept. 12. Walsh's amendment is dated Oct. 20. Although posted online, the amendment — along with others the commissioners now regularly introduce — got much less statewide attention from anglers. Commissioner Pat Tabor, a Whitefish resident and founder of Swan Mountain Outfitters, said amendments by the commission are necessary because they must react to proposals from the department rather than being able to participate in their creation, calling it the "department's plan." Email exchange Emails the commission must make public as part of a lawsuit settlement show Walsh was running his idea past FWP Director Dustin Temple as early as Sept. 30. At that time, Walsh was considering reducing the bag limit to two fish with an 8-inch minimum length. On Sept. 23 he emailed commission vice-chairman Tabor asking for his thoughts, writing: "I believe anglers' perception of 'opportunity' has changed from catching and eating fish to catching bigger and better quality trout." In an Oct. 16 email to Tabor, he noted his proposal had generated "significant push back" from FWP's Fisheries Division. "With record numbers of newcomers to our state including undocumented illegals, I think assuming catch & release on a trust basis is a big mistake," Walsh wrote. Survey says FWP's 2023 angler survey showed 87% of anglers on the Missouri River between Holter Dam to Cascade Bridge — one of the busiest stretches of stream in the state — practiced catch and release fishing with only 5% taking fish home to eat. On the Madison River, 97% of anglers reported releasing fish with 1% keeping fish to eat. Looking more widely, the survey showed 91% of anglers fishing in Central District streams released all fish, while 93% kept no fish in the Western District. Mike Duncan, Region 3 fisheries manager, told the commissioners that water has been identified as the "primary limiting factor" to fish populations and health. "What we found is that harvest, to this point, does not have a biological effect on most of these rivers," Duncan said. "Water is driving the bus, and we're working on that." When asked if anglers catching and releasing fish may be stressing trout to the point of death, Duncan said studies have shown possibly 5% or less of released fish die unless water temperatures exceed 70 degrees, at which point fatalities increase "substantially." Opponents Ballantine angler Doug Dreeszen told the commission he has fished the Yellowstone River for 70 years and sees FWP's efforts to standardize regulations as helpful to avoid confusion and to ease enforcement. "I think in general the Montana value, why we live here, is to catch fish," he said. "If a person wants to keep a fish, so be it." A Pryor Creek resident told the commission the change would be akin to telling him where he could fish. He also argued that if the fisheries biologists say it's OK, the commission should listen to them. Philip Gilbert, of Laurel, said his family catches and eats fish whereas fly anglers "torture the same fish time after time before it finally dies and floats down the river." The Montana Wildlife Federation also opposed Walsh's regulation change, saying it infringed on opportunities for harvest-oriented and subsistence anglers. Support Walsh's proposal drew support from Will Israel, the executive director of the Montana Outfitters and Guides Association, as well as the group's vice president, a fishing outfitter. "Our rationale for supporting this change includes encouraging a shift towards quality over quantity," Israel said. Tabor also voiced strong support for the amendment. "I want to protect that fishery for multiple decades," he said. "And I feel like memorializing that we are purposely, you know, being conservative in our wild stock management, that's a philosophy that I want us to wholly embrace, as both a commission and department, because things are changing." Social vs. biological Commissioner Brooke said the arguments seem to be about social, not biological concerns. Tabor disagreed, although adding he wished FWP had "value statements" in its plan. "Our obligation really is to protect the fish ... not to protect the rights of an angler," he said. Commissioner Brooke pushed back, saying the number of anglers keeping fish is so small that there's no biological reason to enact the change. She also noted the department's adaptive management plan allows the department to enact changes when there are concerns. Tabor countered that FWP's ability to adapt is slowed by budgetary, personnel and other factors. "We're adapting, but could we have seen this coming and maybe putting a measure in ahead before we get to a point where it's more drastic?" he questioned. Walsh noted in his emails that he hoped his proposal would generate a "lively discussion." "And who knows, maybe it will pass," he wrote to Temple. FWP recently adopted a new fishing regulation process, moving from a four-year cycle to a twoyear cycle, the department noted. "Previously, the department would review and update the fishing regulations annually based on established criteria, and every four years the department would use a rigorous public process to update the fishing regulations. Implementing a two-year process is expected to reduce staff time needed for fishing regulation evaluation while providing more opportunity for public input." FWP proposed 48 regulation changes. 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