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G Mining Ventures Announces US$481 million Financing Package for Tocantinzinho Gold Project

BROSSARD, QC, Jul 18, 2022 - (ACN Newswire via SEAPRWire.com) - G Mining Ventures Corp. ("GMIN" or the "Corporation") is pleased to announce that the Corporation has entered into binding commitments with respect to a comprehensive construction financing package totaling $481 million for the development and construction of its 100% owned Tocantinzinho Gold Project ("TZ" or the "Project"). The Project remains on track to achieve production in the second half of 2024. Securing financing on schedule, despite a volatile market environment, represents a strong statement of support for the management team, as well as the technical and economic merits of the Project.Figure 1 - Sources and Uses of Funds SummaryFigure 2 - Expansion of Exploration CampFigure 3 - Freight forwarder base in Moraes AlmeidaFigure 4 - Access Road UpgradeFigure 5 - Mr. Severino, Director of Education of Itaituba, with Louis-Pierre GignacFinancing Package Highlights - $481 million- $116 million equity financing via a private placement with strategic investors (the "Strategic Investors") priced at C$0.80 per common share-- $68.8 million investment by La Mancha Investments S.a r.l. ("La Mancha")-- $27.5 million investment by Franco-Nevada Corporation ("Franco-Nevada")-- $20.0 million investment by Eldorado Gold Corporation ("Eldorado Gold")- $250 million gold stream with Franco-Nevada-- Represents one of Franco-Nevada's largest gold streams on a primary gold mine- $75 million senior secured term loan from Franco-Nevada- $40 million in equipment financing with Caterpillar Financial Services Limited ("Cat Financial")- The gold stream and term loan financings are closed, and the remainder of the financing package is expected to close in Q3-22Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, commented: "We are delighted to welcome two new cornerstone partners in Franco-Nevada and La Mancha who are committed to the long-term success and growth of GMIN. Their commitment, along with Eldorado Gold's continued support, further validates the management team and the work done to advance the Project since its acquisition in 2021. Building on our positive Feasibility Study released earlier this year, this financing package marks the next step in the progression of GMIN and allows us to continue to unlock value at TZ. The imminent development of TZ will deliver value to our growing stakeholder group, including generating attractive job opportunities and economic prosperity in Para State."Paul Brink, President & Chief Executive Officer of Franco-Nevada, commented: "We are delighted to support GMIN with this construction financing package. Tocantinzinho is an attractive project in a prolific district and located in a good jurisdiction. The GMIN team has a track-record as one of the most capable mine building teams in the industry. The debt and equity investments that accompany our stream investment reflect our confidence in the capabilities of the GMIN team and in the potential of the project."Karim Nasr, Managing Partner of La Mancha Capital Advisory LLP, commented: "The La Mancha Group has a long track record of successful investments in the mining industry, and we look to build further on this track record with La Mancha's investment in GMIN. We are impressed with the unique skillset of the management team, and with both the quality and potential of TZ. We look forward to being a part of GMIN's journey towards becoming an intermediate producer through the development of TZ, and as the Corporation evaluates future growth opportunities beyond this initial Project."Overview of Project FinancingAs detailed in the Feasibility Study published in Q1-2022, the initial Project capital cost is estimated to be $427 million, which is inclusive of $38 million of contingency (10% before taxes). After taking into consideration $49 million of payable taxes, the total funding required is $476 million. GMIN is eligible for $18 million of recoverable taxes and tax credits, which have not been deducted in calculating development capital required as this will only be received after the commencement of production.As of June 30, 2022, GMIN has incurred capital expenditures of $21 million, resulting in remaining estimated capital costs of $455 million, or $417 million exclusive of $38 million of contingency. Procurement to date totaling $71 million is tracking on budget and has largely focused on major equipment for the process plant and mining equipment. GMIN is progressing well on its procurement strategy that focuses on maximizing Brazilian sources when sourcing equipment and supplies.The total financing package of $481 million, combined with $54 million of cash on hand as at June 30, 2022, totals $535 million of available capital, and provides GMIN with committed capital sources in excess of the remaining estimated capital balance. It is estimated that $32 million of the equipment financing provided by Cat Financial will be utilized during the construction period, with $8 million to stay in reserve.After taking into consideration corporate costs, working capital, and debt service, GMIN estimates cash and budgeted contingency totaling $81 million (18%), as detailed below.Figure 1 - Sources and Uses of Funds Summaryhttps://www.acnnewswire.com/topimg/Low_GMining202207181.jpgFinancing Package SummaryIn connection with the financing package, GMIN and Franco-Nevada have executed final documentation with respect to: (i) a definitive purchase and sale agreement under which Franco-Nevada (Barbados) Corporation will pay GMIN a deposit of $250 million to acquire a percentage of payable gold production from TZ, (ii) the provision by Franco-Nevada, through one of its wholly-owned subsidiaries, of a senior secured term loan in the principal amount of $75 million, and (iii) the purchase by Franco-Nevada, on a private placement basis, of approximately 44.7 million GMIN common shares at a subscription price of C$0.80 per share, for total proceeds of $27.5 million (C$35.8 million).Concurrently, GMIN, La Mancha, and Eldorado Gold have executed final documentation with respect to the purchase by La Mancha and Eldorado Gold, on a private placement basis, of 111.9 million and 32.5 million, respectively, GMIN common shares at a subscription price of C$0.80 per share, for gross proceeds of $68.8 and $20.0 million (C$89.5 and C$26.0 million), respectively.Equity Private Placement - Strategic Investors- C$151.3 million ($116.4 million) in equity financing, priced at C$0.80 per share, via a non-brokered private placement- La Mancha has agreed to subscribe for a total of 111,879,265 common shares of GMIN for aggregate proceeds of C$89.5 million ($68.8 million)-- La Mancha will subscribe for 82,875,000 common shares on closing to hold 19.8% of GMIN's common shares outstanding, and subscribe for a further 29,004,265 common shares to hold 25.0% following approval of the disinterested GMIN shareholders-- GMIN and La Mancha will enter into an investor rights agreement that grants La Mancha the right to nominate two directors to GMIN's Board of Directors, as long as La Mancha maintains a minimum ownership of 15%-- Karim Nasr, Managing Partner of La Mancha Capital Advisory LLP, will be nominated on the closing date of the first tranche, with a second director to follow at a later date-- La Mancha will be granted customary anti-dilution, registration, and information rights, and has agreed to a 24-month standstill period that includes restrictions on dispositions- Franco-Nevada has agreed to subscribe for 44,687,500 common shares of GMIN for aggregate proceeds of C$35.8 million ($27.5 million)-- Franco-Nevada will hold 9.9% of GMIN's common shares outstanding-- GMIN and Franco-Nevada have entered into an investor rights agreement that grants Franco-Nevada a right of first refusal on any future royalty and stream sales by GMIN as long as Franco-Nevada maintains a minimum ownership of 5.0% of GMIN's common shares outstanding-- Franco-Nevada has also been granted customary anti-dilution rights and has agreed to a 24-month standstill period that includes restrictions on dispositions- Eldorado Gold has substantially exercised its anti-dilution right and has agreed to subscribe for 32,500,000 common shares of GMIN for aggregate proceeds of C$26.0 million ($20.0 million)-- Eldorado Gold will hold 17.7% of GMIN's common shares outstandingMembers of the Gignac Family, along with GMIN directors and officers (collectively "Insiders") hold 34,722,869 common shares, which will represent 7.8% of GMIN's common shares outstanding pro-forma the transaction. To further align with the Strategic Investors, the Insiders have agreed to a 24-month restriction on sales or transfers of any GMIN securities.The private placement is subject to the acceptance of the TSX Venture Exchange ("TSXV") and will be completed in two tranches, with the first tranche closing in July 2022. The second tranche, which will consist of the issuance to La Mancha of approximately 29.0 million GMIN common shares for proceeds of approximately C$23.2 million ($17.8 million), and which will be subject to a majority approval of the disinterested GMIN shareholders pursuant to the policies of the TSXV, is expected to close in Q3-22. At the time of writing, voting support agreements that comprise more than 45% of the disinterested GMIN shareholders have been entered into with the Strategic Investors and Insiders.Gold Stream - Franco-Nevada- Deposit: $250.0 million- Deliveries: 12.5% of the gold production from TZ, reducing to 7.5% after delivery of 300,000 ounces- Ongoing Payments: 20% of the spot gold price at the time of delivery- ESG Initiatives: Up to $250,000 per year for four years for investment towards environmental initiatives and social projects in the communities surrounding TZ- Drawdown of the deposit is subject to satisfaction of certain customary conditions for a transaction of this natureTerm Loan - Franco-Nevada- Facility Amount: $75.0 million- Term: 6.0 years- Availability Period: Multi-draw facility available after the stream deposit is fully drawn, at GMIN's discretion for up to 3.5 years-- Standby fee on undrawn amounts of 1.0% per annum, which GMIN has the option of accruing and capitalizing for the first 2-year period- Coupon: 3-Month Term Secured Overnight Financing Rate plus a margin of 5.75% per annum pre-project completion, with the margin reducing to 4.75% after completion-- 2-year interest deferral period during which GMIN has the option of accruing and capitalizing interest- Amortization: Principal, accrued interest, and accrued fees are repayable starting in December 2025 as follows:-- 10 equal quarterly payments equal to 7.5% of the balance outstanding; and-- Bullet payment equal to 25.0%- Original Issue Discount: 2.0% applicable on amounts drawn- Franco-Nevada will be granted 11.5 million warrants with a five-year term and an exercise price of C$1.90 per share-- Exercise price equals the exercise price of the existing 37.5 million warrants issued as part of GMIN's September 2021 financing, the only currently outstanding warrants-- Warrants will have a cashless exercise mechanism to enable Franco-Nevada to avoid its holdings from exceeding 9.9% of GMIN's common shares outstanding at time of exerciseEquipment Financing- Up to $40 million in equipment financing via a credit-approved term sheet with Cat Financial, for the supply of Caterpillar primary and ancillary mining fleet and construction machinery- Pending completion of final documentation, the Cat Financial lease financing will be available to the Corporation upon a final construction decision by GMIN's Board of Directors and other customary conditionsTocantinzinho Development UpdateSince the most recent project update released on May 26, 2022, GMIN has advanced the following aspects of the Project:Procurement- Procurement to date totals $71 million, is tracking on budget, and has largely focused on major equipment for the process plant and mining equipment-- Procured equipment contains significant Brazilian content- Purchase orders for equipment with long lead times have been executed to achieve the construction schedule in order to achieve production in the second half of 2024- Equipment deliveries will be staggered over time with first machines delivered to site in September 2022- Primary mining equipment is currently being funded using cash on hand, but will be refinanced through the abovementioned $40 million equipment financing packagePower Supply- Detailed engineering of transmission line and Novo Progresso substation is completeConstruction - Early Works Activities- Exploration camp capacity has been increased to 350 beds with the addition of 10 dormitories-- New water well, lunchroom and kitchen equipment in operation- Temporary explosives storage facility is progressing, with berms in place and fencing to be completed- The logistics base in Moraes Almeida is nearing completion-- Once delivered, the facility will be managed by the logistics freight forwarder, which will allow for consolidation of goods for delivery to site- Access road upgrades have continued with the arrival of the dry seasonFigure 2 - Expansion of Exploration Camphttps://www.acnnewswire.com/topimg/Low_GMining202207182.jpgFigure 3 - Freight forwarder base in Moraes Almeidahttps://www.acnnewswire.com/topimg/Low_GMining202207183.jpgFigure 4 - Access Road Upgradehttps://www.acnnewswire.com/topimg/Low_GMining202207184.jpgTocantinzinho Benefit to Local CommunityLocal Employment- The Project is expected to create up to 1,200 jobs during the construction phase and over 600 permanent jobs during the operation stage- A minimum of 30% of employees are to be hired from the local communities of Itaituba, Morais Almeida, Jardim de Ouro and Mamoal- In addition to the training during the construction phase, GMIN plans to invest over 85,000 hours on internal training to develop the skills of the local workforceCommunity Programs- GMIN provided internet access and IT infrastructure for Escola Municipal de Ensino Fundamental Cesar Almeida, the local elementary and middle school of Moraes Almeida-- The school has 1,700 enrolled students and 80 staff members- GMIN will support local community requests related to education, health and cultural initiatives through provision of funding and expertise- Franco-Nevada is providing up to $250,000 per year, for four years, for investment towards environmental initiatives and social projects in the communities surrounding TZFigure 5 - Mr. Severino, Director of Education of Itaituba, with Louis-Pierre Gignachttps://www.acnnewswire.com/topimg/Low_GMining202207185.jpgOther Long-term Local Benefits- Creation of long-lasting shared infrastructure, such as the 190km transmission line-- In addition to powering the project through 80% renewable energy, the transmission line will become part of the state utility infrastructure, providing reliable power to the region- Construction of a bypass road in Jardim do Ouro to improve safety by diverting heavy traffic from current industrial activities by other companies (and future GMIN operations) away from the village- GMIN will prioritize local procurement to enable capacity building and business developmentAdvisors:BMO Capital Markets is acting as exclusive financial advisor to GMIN in connection with the La Mancha strategic investment. Stikeman Elliott LLP, Blake, Cassels & Graydon LLP, Grebler Advogados and Mattos Filho Advogados acted as GMIN's legal advisors.Timetable and Next StepsWith the financing package secured, the Corporation will be focused on the following activities:- Positive construction decision;- Finalization and results of 10,000-meter exploration and drilling program in Q3-22;- Completion of detailed engineering through H1-23; and- Expected first gold production in H2-24 with the first year of full production in 2025.Feasibility Study 3D VRIFY PresentationTo view a 3D VRIFY presentation of the Study please click on the following link: Feasibility Study 3D VRIFY Presentation, or visit the Corporation's website at www.gminingventures.com.Tocantinzinho Financing Package Conference Call DetailsGMIN will host a conference call to discuss the financing package.Date: Monday, July 18, 2022Time: 10:30 a.m. Eastern Time.Participants may join the call as follows:Dialing North American Toll Free: +1-888-506-0062International: 973.528.0011Access Code: 564993Webcast URL: https://www.webcaster4.com/Webcast/Page/2892/46159For those unable to participate, a web-based archive of the conference call will be available for playback through Tuesday, July 18, 2023 at the same Webcast URL above. Also, an audio replay will be available from 1:30 p.m. Eastern Time on Monday, July 18, 2022 through Monday, August 1, 2022. To access the replay, please call 1.877.481.4010 (U.S. & Canada) or 1.919.882.2331 (International) and enter confirmation code 46159 #.Additional InformationFor further information on GMIN, please visit the website at www.gminingventures.com or contact:Jessie Liu-ErnstingDirector, Investor Relations and Communications647.728.4176info@gminingventures.comAbout G Mining Ventures Corp.G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Project in mining friendly and prospective Para State, Brazil.About Franco-NevadaFranco-Nevada is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.About La Mancha and La Mancha Fund SCSpLa Mancha is a wholly-owned subsidiary of La Mancha Fund SCSp (the "Fund"), a Luxembourg based investment fund advised by La Mancha Capital Advisory LLP that is focused on investments in the precious metals and energy transition space. La Mancha's head office is located at 31-33 Avenue Pasteur L-2311 Luxembourg. La Mancha will file an early warning report in accordance with applicable Canadian securities laws, which will be available under GMIN's profile on the SEDAR website at www.sedar.com, and may also be obtained by contacting Karim-Michel Nasr as provided for below.About La Mancha Capital Advisory LLPLa Mancha Capital Advisory LLP advises the Fund on strategic investments made in publicly listed and private exploration, royalty, and mining companies with a global outlook. La Mancha Capital Advisory LLP is a long-term minded investment advisor, with a mandate to support mining companies to achieve sustained growth by providing long-term equity capital as well as operational and board level expertise, to further portfolio company performance and expansion.La Mancha Capital Advisory LLP is an Appointed Representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).Additional InformationFor further information on La Mancha Capital Advisory LLP, please visit the website at www.lamanchacapitaladvisory.com or contact:Karim-Michel NasrManaging Partner and Co-CIO+44.203.960.2020contact@lamancha.comAbout La Mancha's SubscriptionOn July 18, 2022, La Mancha entered a subscription agreement (the "Subscription Agreement") with GMIN pursuant to which La Mancha agreed to subscribe for an aggregate of 111,879,265 common shares in the capital of GMIN ("Common Shares") by way of a private placement at a price of C$0.80 per Common Share for aggregate cash consideration of C$89,503,412 (the "Subscription").Subject to satisfaction or waiver of all closing conditions, the Subscription will close in two tranches: (i) on or before July 29, 2022, La Mancha will subscribe for 82,875,000 Common Shares at a purchase price of C$0.80 per Common Share for aggregate cash consideration of C$66,300,000 (the "Initial Subscription"); and (ii) by no later than November 30, 2022, La Mancha will subscribe for 29,004,265 Common Shares at a purchase price of C$0.80 per Common Share for aggregate cash consideration of C$23,203,412 (the "Subsequent Subscription").La Mancha does not otherwise currently own or have control or direction over any Common Shares. Following completion of the Initial Subscription, La Mancha will beneficially own and have control and direction over an aggregate of 82,875,000 Common Shares, representing approximately 19.8% of the then issued and outstanding Common Shares of GMIN. Following completion of the Subsequent Subscription, La Mancha will beneficially own and have control and direction over an aggregate of 111,879,265 Common Shares, representing approximately 25% of the then issued and outstanding Common Shares.At the closing of the Initial Subscription, La Mancha, and GMIN will enter an investor rights agreement, upon which La Mancha will be granted certain director nomination, anti-dilution, and registration rights. The Common Shares to be acquired by La Mancha on completion of the Subscription will be acquired for investment purposes. In the future, La Mancha may, from time to time, increase or decrease its investment in GMIN through market transactions, private arrangements, treasury issuances or otherwise.About Eldorado GoldEldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).Eldorado Gold currently owns 46,926,372 GMIN common shares representing approximately 18.2% of the outstanding GMIN common shares. Following and subject to completion of the purchase of 32,500,000 GMIN common shares by Eldorado Gold described above, Eldorado Gold would own 79,426,372 GMIN common shares representing 19.0% of the outstanding GMIN common shares upon closing of the first tranche, and 17.7% upon closing of the second tranche.Eldorado Gold advises that the securities will be acquired for investments purposes. Eldorado Gold may, depending on the market and other conditions, increase or decrease its beneficial ownership of GMIN's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.This disclosure is provided pursuant to Multilateral Instrument 62-104, which also requires an early warning report to be filed containing additional information with respect to the foregoing matters. A copy of the early warning report will be available on SEDAR under GMIN's issuer profile at www.sedar.com and may be obtained upon request from Eldorado Gold by contacting Eldorado Gold at the contact information below.Contact Information:Eldorado Gold Corporation1188 - 550 Burrard Street Bentall 5Vancouver, British ColumbiaV6C 2B5Tel: 604.601.6656Lisa WilkinsonVice President, Investor Relations604.757 2237 or 1.888.353.8166lisa.wilkinson@eldoradogold.comNeither 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 press release.Cautionary Statement on Forward-Looking InformationAll statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation:A. Those related to the Project financing, such as:(i) the closing of the financing package in Q3-22;(ii) the fulfilment of all conditions to effect drawdown and receive the $250 million deposit under the Franco-Nevada gold stream;(iii) the approval of the disinterested GMIN shareholders for the second tranche of the La Mancha equity placement;(iv) the private placement acceptance of the TSXV;(v) the volume of gold deliveries under the Franco-Nevada gold stream;(vi) the completion of ESG initiatives as per the Franco-Nevada agreements; and(vii) the closing of the Cat Financial lease financing;B. Those related to the Project itself, such as:(i) commencement of full construction in Q3-22, subject to approval of the Board of Directors;(ii) achievement of production in the second half of 2024;(iii) on time deliveries of equipment and prioritizing of local procurement;(iv) near completion of certain early works activities;(v) job creation during the construction period as well as the operation stage, notably through employment from local communities;(vi) development of local workforce skills through training programs;(vii) responsiveness to local community requests relating to education, health and cultural initiatives;(viii) creation of long-lasting infrastructure; and(ix) completion of drilling program in Q3-22, and of detailed engineering through H1-23;C. And, more generally, the President & Chief Executive Officer's comments hereinabove and those of the Franco-Nevada Chief Executive Officer and La Mancha Capital Advisory LLP's Managing Partner, as well as the contents of the above sections entitled "Timetable and Next Steps" and "About G Mining Ventures Corp.".Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, a USD:CAD exchange rate of 1.30 and also those underlying the items listed on the above sections entitled "Timetable and Next Steps" and "About G Mining Ventures Corp.".Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, the Corporation will (i) close all components of its project financing as outlined in this press release, (ii) make a positive construction decision regarding the Project in 2022 or ever, (iii) bring the Project into commercial production or (iv) become an intermediate gold producer, as future events could differ materially from what is currently anticipated by the Corporation.By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated June 3, 2022, for the financial year ended December 31, 2021, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Alset Capital Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

BETHESDA, MD, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - Alset Capital Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 7,500,000 units at $10.00 per unit (the "Offering"). Each unit consists of one of the Company's shares of Class A common stock, one-half of one redeemable warrant, and one right to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. The underwriters exercised their over-allotment option in full for an additional 1,125,000 units on February 1, 2022, which closed at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $86,250,000, prior to deducting underwriting discounts, commissions, and other Offering expenses.The units have been listed on the Nasdaq Global Market ("Nasdaq") and began trading on February 1, 2022, under the ticker symbol "ACAXU". Once the securities comprising the units begin separate trading, the shares of Class A common stock, warrants and rights are expected to be listed on Nasdaq under the symbols "ACAX," "ACAXW" and "ACAXR," respectively.The Company is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space, which may be referred to as "Proptech" businesses.The Securities and Exchange Commission ("SEC") declared effective a registration statement on Form S-1 relating to these securities on January 31, 2022. A final prospectus relating to this Offering has been filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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 registration or qualification under the securities laws of any such state or jurisdiction.Forward-Looking StatementsThis press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and the anticipated use of the net proceeds thereof. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the Offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.ContactAlset Capital Acquisition Corp.4800 Montgomery Lane, Suite 210Bethesda, MD 20814Email: contact@alsetcapitalacquisition.comContact Number: 301-971-3955 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Society Pass (SoPa) Announces Pricing of US$10 Million Underwritten Public Offering

SINGAPORE, Feb 9, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), a leading Southeast Asian data-driven loyalty platform, today announced the pricing of its underwritten public offering of 3,030,300 shares of common stock and accompanying warrants to purchase up to 3,030,300 shares of common stock. Each share of common stock is being sold together with one warrant at a combined purchase price of US$3.30. The warrants will be immediately exercisable at a price of US$3.30 per share and will expire five years from the date of issuance. The shares of common stock and accompanying warrants can only be purchased together in the offering, but will be issued separately and will be immediately separable upon issuance. The warrants will not be listed on any exchange. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately US$10 million.The Company has granted the underwriters a 45-day option to purchase up to 454,545 additional shares of common stock and/or additional warrants to purchase up to an additional 454,545 shares of common stock at the public offering price to cover over-allotments, if any. The offering is expected to close on February 11, 2022, subject to customary closing conditions.Maxim Group LLC is acting as sole book-running manager for the offering.A registration statement relating to the Shares was declared effective by the SEC on February 8, 2022. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.This press release shall 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 state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Society PassSoPa's customer loyalty and analytics platform has onboarded hundreds of thousands of registered consumers. SoPa provides merchants with SoPa.asia - an online commerce platform for users, alongside with #HOTTAB Biz - a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS - a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user's profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin. SoPa also operates www.leflair.com, Vietnam's leading lifestyle e-commerce platform. For more information, please check out: http://thesocietypass.com/Forward-Looking StatementsThe information contained herein may contain "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of the Company concerning its business strategy, future operating results and liquidity and capital resources outlook. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.Contacts:PRecious Communicationssopa@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Renault, Nissan & Mitsubishi Motors Announce Common Roadmap Alliance 2030: Best of 3 Worlds for a New Future

PARIS & TOKYO, Jan 28, 2022 - (JCN Newswire via SEAPRWire.com) - Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world's leading automotive alliances, today announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain.Highlights:- The 2030 roadmap focuses on pure electric vehicles and connected mobility.- Aims to enhance usage of common platforms to reach 80% in 2026.- Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.- To invest EUR 23B in the next five years to support its offensive strategy in electrification.- With 35 new EV cars in 2030, proposes the largest global EV offer, based on the five common EV platforms.- Nissan unveils an all-new EV based on the CMF-BEV Alliance platform to replace the Micra in Europe; vehicle planned to be manufactured at Renault ElectriCity, the electric industrial center in Northern France.- Reinforces common battery strategy aiming to secure a global 220 GWh production capacity by 2030.- Nissan to lead development of breakthrough all-solid-state battery technology to benefit all members.- Renault to lead development on common centralized electrical and electronic architecture and will launch the first full software defined vehicle by 2025. A year and a half after announcing its new cooperation business model to support member-company competitiveness and profitability, the Alliance is now based on solid foundations, benefits from an efficient operational governance organization and from intensified as well as flexible cooperation. Continuing the Leader-Follower scheme defined in May 2020, select technology is developed by one leading team with the support of the followers, thereby allowing each member of the Alliance to access all the key technologies. The Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments for the benefits of its three-member companies and their customers. "Among the world's automotive leaders, the Renault-Nissan-Mitsubishi Alliance is a proven, unique model. For 22 years, we have been building on our respective cultures and strengths for our common benefit," said Jean-Dominique Senard, Chairman of the Alliance. "Today the Alliance is accelerating to lead the mobility revolution and deliver more value to customers, our people, our shareholders and all our stakeholders. The three member-companies have defined a common roadmap towards 2030, sharing investments in future electrification and connectivity projects. These are massive investments that none of the three companies could make alone. Together, we are making the difference for a new and global sustainable future; the Alliance becoming carbon neutral by 2050." Moving together for the benefit of each - Leader-Follower scheme The Alliance members have developed a "smart differentiation" methodology that defines the desired level of commonality for each vehicle, integrating several parameters of possible pooling, such as platforms, production plants, powertrains or vehicle segment. This is supplemented and enhanced by a stricter approach to design and upper-body differentiation. For example, the common platform for the C and D segment will carry five models from three brands of the Alliance (Nissan Qashqai and X-Trail, Mitsubishi Outlander, Renault Austral and an upcoming seven-seater SUV). Strengthening this process, the Alliance members will enhance usage of common platforms in the coming years from 60% today to more than 80% of its combined 90 models in 2026. This will allow each company to deepen their focus on their customers' needs, their best models and core markets, while also extending innovations across the Alliance, at a lower cost. As part of this, Mitsubishi Motors will reinforce its presence in Europe with two new models, among them the New ASX based on Renault best-sellers.Five common EV platforms: the largest global offer of the industry Renault, Nissan and Mitsubishi have pioneered the EV market, with more than EUR10 B already invested in the field of electrification. In the main markets (Europe, Japan, the US, China) 15 Alliance plants already produce parts, motors, batteries for 10 EV models on the streets, with more than 1 million EV cars sold so far and 30 billion e-kilometers driven. Building on this unique expertise, the Alliance is accelerating with a total EUR 23B more investment in the next five years on electrification, leading to 35 new EV models by 2030. 90% of these models will be based on five common EV platforms, covering most markets, in all major regions:- CMF-AEV, the most affordable platform in the world, is the base for the new Dacia Spring.- KEI-EV (mini vehicle) platform family for ultra-compact EVs.- LCV-EV Family platform family for professional customers, as the base for the Renault Kangoo and Nissan Town Star.- CMF-EV, the global, flexible, EV platform. It will be on the roads in a few weeks as the base for the Nissan Ariya EV crossover and Renault Megane E-Tech Electric. The CMF-EV platform, with its technological innovations and the potential offered by its modularity, is a benchmark platform for a new generation of electric vehicles for the Alliance partners. The platform has been created to integrate and optimize all the elements specific to a 100% electric powertrain, hosting a new, high-performance motor and an ultra-thin battery. By 2030, more than 15 models will be based on the CMF-EV platform, with up to 1.5 million cars produced on this platform per year.- CMF-BEV, the most competitive compact electric platform in the world, to be launched in 2024. It provides up to 400 km range; its aerodynamics performances are outstanding, helping reduce cost by 33% and power consumption by more than 10% compared to the current Renault ZOE. It will be the base for 250,000 vehicles a year under the Renault, Alpine and Nissan brands.Among the vehicles are the Renault R5 and the new compact EV that will replace the Nissan Micra. Designed by Nissan and engineered by Renault, the new model is planned to be manufactured at Renault ElectriCity: the electric industrial center in Northern France. Common battery strategy, breakthrough battery innovations and a planned 220 GWh production capacity to bring a highly competitive and attractive offer to all customers Competitiveness is key, and that has led member companies to a common Alliance battery strategy, leading, among others, to the selection of a common battery supplier for Renault and Nissan in core markets. The Alliance is working with common partners to achieve real scale and affordability, enabling to reduce battery costs by 50% in 2026 and 65% by 2028.With this approach, by 2030, the Alliance will have a total of 220 GWh battery production capacity for EVs across key production sites in the world. Beyond that, the Alliance shares a common vision for all-solid-state battery technology (ASSB). Based on its deep expertise and unique experience as a pioneer in battery technology, Nissan will lead innovations in this area that will benefit all Alliance members.ASSB will have double the energy density versus current liquid lithium-ion batteries. Charging time will also be greatly reduced to one-third, enabling customers to make longer trips with increased, convenience, confidence and enjoyment. The aim is to mass produce ASSB by mid-2028, and in the future beyond that to realize cost parity with ICE vehicles by bringing costs down further to 65$ per kWh, accelerating the global shift to EVs. The Alliance battery management system is also at state-of-the art. Unlike others in the industry, the Alliance has chosen to control 100% of its hardware and software, benefiting from very valuable predictive data, allowing for monitoring the state of health of the battery and improving technology. The Alliance is working with strategic partners to offer the best proposal to customers for public charging on the road. Mobilize Power Solutions provides to B2B customers a complete end-to-end service including project design, installation, maintenance and management of optimized recharging infrastructure and all related services to meet their business needs. A recent agreement is with Ionity via the Alliance Emobility Service Provider Plug Surfing, which will allow its customers to access at preferential pricing to the Ionity ultra-fast charging network in Europe. With more than 10 years' experience in the EV business, Alliance members have deep knowledge that allows them to be ahead of the competition in optimizing battery reuse, notably with second life battery applications, recycling and achieving efficient and sustainable solutions over the full battery life cycle. 25 Million cars connected to the Alliance Cloud by 2026: The best-in-class digital experience for customers Intelligent and connected mobility are critical areas for increased shared innovation across the Alliance. With 20 years' experience in ADAS (advanced driver-assistance systems) and autonomous drive, the Alliance keeps improving real-world driving safety, convenience, and enjoyment by delivering innovations in intelligent vehicle and driver assistance technologies, with an example being Nissan's award-winning ProPILOT system. With shared platforms and electronics, by 2026 Alliance members expect to have more than 10 million vehicles on the road across 45 Alliance models equipped with autonomous driving systems. Today, 3 million vehicles are already connected to the Alliance Cloud with permanent data exchanges.By 2026, more than 5 million Alliance cloud systems will be delivered per year, with 25 million total cars on the road. The Alliance will also be the first global, mass-market OEM to introduce the Google ecosystem in its cars. Under Renault's leadership, the Alliance is developing a common centralized electrical and electronic architecture converging electronics hardware and software applications to offer maximum benefits and an optimal level of performance. The Alliance will launch its first full software defined vehicle by 2025. With this vehicle, the Alliance will improve its cars Over The Air performance throughout their life cycle. This means value for customers with the integration of their car into their digital ecosystem to offering a personalized experience, new enhanced services, and reduced maintenance costs. This will also allow Alliance members to boost vehicle resale values. In addition, Software defined vehicles will be able to communicate with connected objects, users, and infrastructure, opening new fields of value for the Alliance companies. Alliance best-in-class digital experience will be the gateway to an unprecedented amount of data, paving the way to the automotive industry's next frontier. with Renault Group, Nissan Motor Co., Ltd and Mitsubishi Motors positioned at the forefront of this revolution. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Showa Denko Announces the Number of New Shares to be Issued

TOKYO, Sep 8, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (TSE:4004) hereby announces that, relating to the issuance of new shares of its common stock which its board of directors resolved on August 23, 2021, the number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the International Underwriters in connection with the International Offering has been determined as set forth below:The number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the International Underwriters in connection with the International Offering: 2,065,500 sharesReference1. Number of new shares to be offered by way of public offering32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering;(ii) 15,529,500 shares of common stock of the Company, issued for purchase by the International Underwriters in the International Offering; and(iii) 2,065,500 shares of common stock of the Company, additionally issued for purchase by the International Underwriters upon exercise of the option in the International Offering.2. Change in the number of issued shares as a result of this offering of new sharesTotal number of issued shares at present: 149,711,292 shares (As of September 8, 2021)Increase in number of shares by way of the offering of new shares: 32,665,500 sharesTotal number of issued shares after the offering of new shares: 182,376,792 sharesIn addition to the above, in connection with the issuance of new shares by way of Third-Party Allotment, the Company may additionally issue up to 2,524,500 shares of its common stock to a Japanese Underwriter on October 13, 2021.3. Use of proceeds raised this timeWith respect to the net proceeds from the Japanese Public Offering, the International Offering and the Third-Party Allotment, which the Company estimates to be, in total, up to 82,383,230,800 yen, the Company intends to use 5,900,000,000 yen as investment funds for manufacturing facilities for high-purity gases for electronics, etc. in chemicals segment and 5,800,000,000 yen as investment funds for manufacturing facilities for SiC power semiconductor-related materials and lithium-ion battery materials, etc. in electronics segment by the end of December 2023, with the remaining amount of approximately 70,600,000,000 yen as investment funds for production facilities for CMP slurries, copper-clad laminates, photosensitive films and rear door modules made of molded resin in Showa Denko Materials segment, as well as improvements to the Packaging Solution Center and increases to the production capacity of regenerative medicine manufacturing bases, etc. by the end of March 2024.For more information regarding the use of proceeds, please refer to the press release "Announcement Regarding Issuance of New Shares and Secondary Offering of Shares" dated August 23, 2021.Full press release can be viewed at www.sdk.co.jp/assets/files/english/news/2021/20210908_sdknewsrelease_e.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, visit www.sdk.co.jp/english/.Contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Showa Denko Announces the Issue Price, Selling Price, and Matters Relating to its New Shares

TOKYO, Sep 6, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (the "Company") hereby announces the issue price, selling price and certain other matters relating to the issuance of its new shares and the secondary offering of shares which its board of directors resolved on August 23, 2021, as set forth below.1. Issuance of new shares by way of public offering(1) Class and number of shares to be offered: 32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering;(ii) 15,529,500 shares of common stock of the Company, issued for purchase by the International Underwriters in the International Offering; and(iii) A maximum of 2,065,500 shares of common stock of the Company, additionally issued for purchase by the International Underwriters upon exercise of the option in the International Offering.(2) Issue price (offer price)[1]: 2,465 yen per share(3) Total amount of issue price[2]: 80,520,457,500 yen(4) Amount to be paid in[1]: 2,363.32 yen per share(5) Total amount to be paid in[2]: 77,199,029,460 yen(6) Amount of stated capital[2] and additional capital reserves to be increased:- The amount of stated capital to be increased: 38,599,514,730 yen- The amount of the additional capital reserves to be increased: 38,599,514,730 yen(7) Subscription period (in Japanese Public Offering): From September 7, 2021 (Tue) through September 8, 2021 (Wed)(8) Payment date: September 13, 2021 (Mon)Notes:[1] The Underwriters shall purchase the shares at the amount to be paid in and offer the shares at the issue price (the offer price).[2] These figures are based on the assumption that the International Underwriters exercise all of the options set forth in (1)(iii) above.2. Secondary offering of shares (secondary offering by way of over-allotment)(1) Class and number of shares to be sold: 2,524,500 shares of common stock of the Company(2) Selling price: 2,465 yen per share(3) Total amount of selling price: 6,222,892,500 yen(4) Subscription period: From September 7, 2021 (Tue) through September 8, 2021 (Wed)(5) Delivery date: September 14, 2021 (Tue)3. Issuance of new shares by way of third-party allotment (the "Third-Party Allotment")(1) Amount to be paid in: 2,363.32 yen per share(2) Total amount to be paid in: Up to 5,966,201,340 yen(3) Amount of stated capital and capital reserves to be increased: - Amount of stated capital to be increased: Up to 2,983,100,670 yen- Amount of the capital reserves to be increased: Up to 2,983,100,670 yen(4) Subscription period: October 12, 2021 (Tue)(5) Payment date: October 13, 2021 (Wed)Reference1. Calculation of issue price and selling price(1) Calculation reference date and price: September 6, 2021 (Mon) 2,542 yen(2) Discount rate: 3.03%2. Syndicate cover transaction period: From September 9, 2021 (Thu) through October 8, 2021 (Fri)3. Use of proceeds raised this timeWith respect to the net proceeds from the Japanese Public Offering, the International Offering and the Third-Party Allotment, which the Company estimates to be, in total, up to 82,383,230,800 yen, the Company intends to use 5,900,000,000 yen as investment funds for manufacturing facilities for high-purity gases for electronics, etc. in chemicals segment and 5,800,000,000 yen as investment funds for manufacturing facilities for SiC power semiconductor-related materials and lithium-ion battery materials, etc. in electronics segment by the end of December 2023, with the remaining amount of approximately 70,600,000,000 yen as investment funds for production facilities for CMP slurries, copper-clad laminates, photosensitive films and rear door modules made of molded resin in Showa Denko Materials segment, as well as improvements to the Packaging Solution Center and increases to the production capacity of regenerative medicine manufacturing bases, etc. by the end of March 2024.For more information regarding the use of proceeds, please refer to the press release "Announcement Regarding Issuance of New Shares and Secondary Offering of Shares" dated August 23, 2021.Full press release can be viewed at www.sdk.co.jp/assets/files/english/news/2021/20210906_sdknewsrelease_e.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, visit www.sdk.co.jp/english/.Contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Collect Rare Cards and Combine to Earn Unique NFTs of US Presidents with PixelPotus

Nevada, United States, Jul 7, 2021 - (ACN Newswire via SEAPRWire.com) - Just halfway through 2021 and we see non-fungible tokens (NFTs) becoming a staple in every crypto enthusiast's diet. With the NFT market total transaction value reportedly tripling in 2020 alone, NFT utilities and use cases continue to appear, and evolve throughout every corner of the crypto space.Through the myriad of evolutionary pathways NFTs tread, nostalgia is one such pathway that PixelPotus pioneers, and molds anew.Collecting cards has never been this innovative or competitive.What is PixelPotus?Accurately named PixelPotus, this NFT collectible card game features digital POTUSes (Presidents of the United States) in their finest pixelated suits; lined up for inauguration!There are a total of 45 POTUSes available, each with a total of six levels of rarity as players combine cards to upgrade their favorite POTUS(es).You may be thinking, aren't there a total of 46 POTUSes? You are correct, but lest we forget, Grover Cleveland acted as the 22nd and the 24th POTUS. Although President Cleveland would surely adore more publicity, PixelPotus ensures each POTUS gets a fair term in this game!Get FREE POTUSes Today!All players are able to claim a free* (*inclusive of a minor Tezos network fee) common POTUS token once per day. To mint the increasingly higher rarity version of each digital POTUS, a player must collect and then burn lower-level tokens to achieve the next tier. For example, to obtain an Uncommon Grover Cleveland, a player must burn two Common Grover Cleveland.Following each player's free claim once per day, a player may then purchase an additional five random Common POTUSes for 0.125 tez per day. However, the total limit to claims daily is 5,000, and as such, players have to claim as early as possible to avoid missing out. PixelPotus also has a smart contract-powered marketplace for users to post trades and exchange in a trustless manner.20% of all claim and upgrade fees enter a prize pool smart contract dubbed, "The Treasury." Once a player reaches the highest level of rarity (Unique), they can make a claim against The Treasury contract and receive a 25% payout. This will continue until all Unique POTUS tokens are minted and the final minted Unique token will receive whatever is left in The Treasury.With only 10,000 of each Common POTUS token available and upgrades requiring lower-level token burning, PixelPotus POTUS tokens will only increase in scarcity. Sporting a bold, unique, and inherent deflationary spirit to the game, eventually, there will be no more cards left to claim!Community Comes FirstThe Tezos community is well-known to be one of the most active and engaged communities out there. As the community's needs and wants continue to burst at the seams, PixelPotus responds rapidly; incorporating new features and applying fixes in record time. So far, PixelPotus has been highly praised for its fast pace of development and implementation of new feature requests. Prioritizing the community, the PixelPotus team has recently released V2, which incorporates the ability to now set buy orders for cards alongside the current sell orders. Additionally, V2 revamps the player PixelPotus interface and improves upon all aspects of the increasingly renowned NFT collectible card game.In the words of Andrew Jackson: "Take time to deliberate; but when the time for action arrives, stop thinking and go in."Claim your first free POTUS token today here! https://www.pixelpotus.com/PixelPotus Socials:Telegram: https://t.me/joinchat/YTjc8t6oiahkMzMxDiscord: https://discord.com/invite/CbdbvwtwkMTwitter: https://twitter.com/PixelPotusMedium: https://pixelpotus.medium.com/Instagram: https://www.instagram.com/pixelpotus_official/Contact Details:Name: Press Secretary CodeciousEmail: press@pixelpotus.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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