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Lunar New Year celebrations, Myanmar protests and an Eagle hunter round out this week's best images.
President Biden said Friday that Thursday night's airstrike against facilities tied to an Iranian-backed militia group in Syria was meant to warn Iran that it "can't act with impunity." Driving the news: The Pentagon said the airstrike, which was authorized by Biden, was carried out "in response to recent attacks against American and Coalition personnel in Iraq" and was intended to "de-escalate the overall situation in both eastern Syria and Iraq." Get market news worthy of your time with Axios Markets. Subscribe for free.What he's saying: When asked by a reporter what message he wanted to send to Iran with his administration's first overt military action, Biden said, “You can’t act with impunity. Be careful.”The big picture: Earlier on Friday, some Democrats criticized the Biden administration for the strike and demanded a briefing. A National Security Council spokesperson said the Pentagon pre-notified Congress and that the administration is continuing to brief the Hill at the member and staff level.Go deeper: U.S. strikes Iran-backed militia facilities in SyriaLike this article? Get more from Axios and subscribe to Axios Markets for free.
The Oregon Supreme Court, ruling before the start of a murder case, has upheld that a defendant can be acquitted by a nonunanimous verdict, months after the U.S. Supreme Court ruled that guilty verdicts must be unanimous. The decision Thursday keeps Oregon as the only state where split jury verdicts with 10 or 11 not guilty votes among a 12-member panel amount to an acquittal, not a hung jury, legal experts said. Defense lawyers hailed the decision, which erases doubts among trial judges about how the U.S. Supreme Court ruling applies in Oregon.
Santino Ferrucci spent four hours in the simulator Friday, picked up some Bojangles french fries and headed to the team shop for last-minute preparations for his NASCAR debut. Ferrucci is hitting a reset for the third time in his short career, moving from IndyCar to NASCAR for what he hopes will be a firm landing spot. Ferrucci is in the process of relocating to North Carolina — hence his new affinity for the Charlotte-based Bojangles chicken chain — and adjusting to stock cars after so many years driving in open-wheel series.
SAN FRANCISCO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced February 26, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (“COFI”) for January 2021 is 0.457%. The index for December 2020 was 0.460%. As previously announced, the Bank will no longer calculate the COFI after the publication of the December 2021 index on January 31, 2022, because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Bank’s criteria for inclusion in the COFI (“COFI Reporting Members”). For January 2021, 9 eligible institutions reported COFI data. Changes in interest rates on adjustable rate mortgage loans offered by many financial institutions are tied to changes in the COFI. Although the Bank makes a good faith effort to be accurate in the calculation and publication of the COFI, the Bank does not warrant, confirm, or guarantee the accuracy of the data it receives from its COFI Reporting Members, the accuracy of the COFI calculation, or the accuracy of the COFI as published. The Bank does not examine the books and records of its COFI Reporting Members for the purpose of confirming the accuracy of the data they deliver to the Bank used to calculate the COFI, and the Bank expressly disclaims all liability that may arise from any use of the COFI or the use of inaccurate data received from its COFI Reporting Members in calculating the COFI. In addition, the Bank expressly disclaims any liability to any person for any inaccuracy in the COFI, regardless of the cause, or for any resulting damages. The Bank accepts data for the COFI for a given month from the COFI Reporting Members until 12 noon California time on the last business day of the following month and publishes the COFI for that given month based on data received by that time. The Bank will not revise or republish the COFI for a given month based on new or corrected data received after that time and expressly disclaims all liability that may arise as a result. In addition, although the Bank makes a good faith effort to publish the COFI on the last business day of the following month at or after 3 p.m. California time, the Bank does not guarantee that it will always publish the COFI at that date and time, and the Bank expressly disclaims any liability for any delay in publishing the COFI. Certain corporate activity, such as charter changes or mergers, may cause the Bank to determine that a financial institution no longer qualifies as a COFI Reporting Member and will no longer be included in the COFI. Similarly, if a COFI Reporting Member’s Bank membership is terminated, it will no longer be included in the COFI. The impact of such removals on the COFI will depend entirely on the amount of interest expense and total funds of the entity being removed, and may be significant. For additional information and disclosures about the calculation of the COFI, removal of a COFI Reporting Member, and other matters concerning the COFI, visit the Bank’s website at www.fhlbsf.com. CONTACT: Mary Long, 415-616-2556 (office), 415-572-6717 (mobile), longm@fhlbsf.com
Broward Health has begun offering the COVID-19 vaccine to at-risk people 18 and over, the only hospital in South Florida to publicly expand vaccine eligibility to this younger group with certain medical conditions.
A leader of the far-right Oath Keepers group accused of helping lead the deadly attack on the U.S. Capitol by Donald Trump's supporters lost her bid to be released from jail, despite disavowing the group during a Friday court hearing. U.S. District Judge Amit Mehta in Washington denied Jessica Watkins's request to be released while the criminal case against her unfolds. Mehta said Watkins was a danger to her Ohio community, despite her saying during brief remarks to the court that she was now "appalled" by the Oath Keepers and renouncing her membership.
The 118 believes their fabled firehouse superstition has come true when they have the day from hell with a never-ending series of bizarre emergency calls - Athena is in hot pursuit of a 118 firetruck a man who duct-taped himself to freeway billboard, a garage full of fireworks and a restaurant manager destroying his own business. Meanwhile, Eddie feels a spark with Christopher's former teacher, but admits to Bobby he may not be ready to move on in his personal life just yet.
BALTIMORE — White Marylanders have received more than four times as many doses of coronavirus vaccine as Black residents, state data shows — a stark racial gap that has persisted even as more doses have arrived in the state and more people have become eligible to receive them. Early discrepancies could reflect the state’s early prioritization of medical professionals and first responders, ...
VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Ultra Resources Inc. (“ULT” or the "Company") (TSX-V: ULT) announces a non-brokered private placement of up to 15,000,000 units ("Units") at a price of $0.11 per unit for gross proceeds of $1,650,000. Each Unit is comprised of one common share and one-half non-transferable common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase an additional common share of the Company at an exercise price of $0.20 per share for a period of one year from closing of the private placement provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than Cdn $0.25 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten (10) business days from the date notice is given. Finders fees may be payable with respect to a portion of the placement. The proceeds from the Private Placement will be used to fund the exploration of the Company’s Argentine and Ontario properties and for general working capital purposes. All securities issued under the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. Certain directors and officers may participate in the Private Placement. Such participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The related party transaction will be exempt from minority approval, information circular and formal valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the gross securities to be issued under the Private Placement nor the consideration to be paid by the insiders will exceed 25% of the Company's market capitalization. A material change report will be filed less than 21 days before the closing date of the transactions contemplated by this news release. The Company believes this shorter period is reasonable and necessary in the circumstances. The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. ON BEHALF OF THE BOARD OF DIRECTORS “Kiki Smith” Kiki Smith, CFO About Ultra Resources Inc. Ultra Resources is an exploration and development company with a focus on the acquisition and development of gold, copper and lithium assets. The Company holds a brine lithium property in Argentina, and hard rock spodumene type lithium properties at the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada. The Company also holds other gold and base metals properties in Argentina. FOR FURTHER INFORMATION CONTACT:For further information, please contact the Company at:Attention: Kiki SmithTelephone: 778 968-1176Email:kiki@ultraresourcesin.comWebsite: www.ultraresourcesinc.comor view the Company’s filings at www.SEDAR.com.
Texas has been devastated by cold weather and power outages which left millions without water access.
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Doctors recommend scheduling a mammogram before receiving a COVID-19 vaccine after some have been mistaking swollen lymph nodes for breast lumps.
Saturday will be cloudy and damp with periods of rain that will taper off in the afternoon.
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This news release should be read in conjunction with our consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2020. Both are available at www.amarillogold.com, and under our company profile at www.sedar.com. All monetary amounts are in Canadian dollars unless stated otherwise. TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) continued to move toward its goal of becoming a Brazilian gold producer, said the Company today as it announced its financial results for the year and three months ended December 31, 2020. Key achievements included delivering a positive feasibility study, closing a large equity financing, and, crucially, receiving the License to Install for the Posse Gold Project after year end. “I would like to thank our dedicated team for their efforts in securing the License to Install and further advancing the project,” said Mike Mutchler, Amarillo’s Chief Executive Officer. “We’ve met the significant milestones that we needed to meet, and have begun to prepare to break ground on Posse as soon as we finalize the balance of our construction financing.” At the Company’s Mara Rosa Property in the State of Goiás, the main focus was on advancing the Posse Gold Project. After publishing the feasibility study in August 2020, detailed engineering began on the processing plant, infrastructure, and earthworks areas. Orders have been placed for select long lead time equipment, and negotiations have been advanced to purchase mill and filtration plant equipment. Amarillo also signed an agreement to build a 138 kilovolt transmission line from Porangatu to Mara Rosa. The exploration program along the Posse Trend, aimed at finding satellite gold deposits that could increase Posse’s mine life, was also successful. Trenching results showed gold anomalies up to 8 kilometres northeast of Posse, and an induced polarization survey was completed in the fourth quarter. Amarillo secured a large equity stake for a portion of its construction financing for Posse after closing $57.2 million in equity offerings in August. The Company is working on securing the balance under the guidance of Auramet International, its financial adviser. Technical due diligence is ongoing with the goal of attaining successful financing. At Lavras do Sul, the focus was on starting to unlock the district scale potential of this highly prospective property and open a second development front. The Company has identified 22 targets and are following up on the Butia and Matilde targets. At the corporate level, Antenor Silva and David Laing, two mine builders with experience in Brazil, joined the board of directors. Mr. Silva co-founded Yamana Gold, where he was Chief Operating Officer, then President and Chief Operating Officer until his retirement in 2009. He was also a co-founder of MBAC Fertilizer Corp, and served as its Chief Executive Officer until July 2016. He has sat on the boards of several public companies, including Yamana Gold, Colossus Minerals, Oceana Gold, and Valdiam Resources. David Laing is a mining executive with 40 years of experience in mining operations, mine construction, mining finance, corporate development, and company building. He was most recently the Chief Operating Officer of Equinox Gold, where he led the rebuilding of the Aurizona Project in Brazil, a feasibility study on the restart of the Castle Mountain Mine in California, and the acquisition of the Mesquite Gold mine, also in California. He sits on the boards of Fortuna Silver Mines, Inc., Northern Dynasty Minerals Inc., Aton Resources, and Blackrock Gold Corp. While Brazil has been hit hard by Covid-19, the Company has been very fortunate. Neither of its operations have been affected by the pandemic, and the Company has full access to its properties. In Canada, Amarillo’s Toronto-based management team has been working from home since mid March 2020. So far, Covid-19 has not had a material impact on the Company’s financial condition or its performance. FINANCIAL RESULTS The following table summarizes the Company’s major operating expense categories for the fourth quarter of 2020 (Q4 2020) and 2019 (Q4 2019) and for the years ended December 31, 2020 and 2019. Three months endedYears ended December 31December 31 2020 2019 2020 2019 Category $ $ $ $ General and administrative (G&A) Consulting 160,831 40,153 371,223 323,434 Professional 171,401 224,921 713,288 856,267 Salaries and benefits 142,401 172,478 667,522 698,986 Directors’ fees 50,156 52,500 207,656 172,500 Marketing and promotion 27,522 60,852 107,417 314,507 Filing and transfer agent 66,327 16,953 135,904 78,509 Travel 63 12,964 9,688 41,304 Other G&A 53,606 71,013 194,610 260,285 Total G&A 672,307 651,834 2,407,308 2,745,792 Recovery of legal fees from WPC – – (187,000)– Stock-based compensation 1,342,867 18,168 1,342,867 1,004,270 Financial advisory services 467,676 36,000 540,965 36,000 Foreign exchange loss/(gain) 50,641 107,701 (195,284)153,489 Interest income (50,295)– (50,295)– Interest and finance charges (18,204)111,590 11,273 121,041 Gain on debt settlement – (5,417)– (5,417)Net loss and comprehensive loss 2,464,992 919,876 3,869,834 4,055,175 For the year ended December 31, 2020, Amarillo recorded a loss of $3,869,834 (2019: $4,055,175) mostly as a result of the following. Consulting fees of $371,223 in 2020 (2019: $323,434) consisted of: financial and technical advisory services paid to various consultants of $211,441 (2019: $72,881)marketing and investor relations consultants of $149,806 (2019: $182,400)chief exploration geologist $nil (2019: $81,970) who departed in Q3 2019fees in Brazil of $9,976 (2019: $3,148). Professional fees (including legal, audit, accounting and advisory) of $713,288 in 2020 (2019: $856,267) consisted of $251,669 (2019: $392,925) in Canada and $461,619 (2019: $463,342) in Brazil. Salaries and benefits of $667,522 in 2020 (2019: $698,986) consisted of $542,707 (2019: $521,656) in Canada and $124,815 (2019: $177,330) in Brazil. Salaries in Canada relate to the CEO of $300,000 (2019: $300,000) and the CFO of $200,000 (2019: $200,000) plus government benefits. Salaries in Brazil declined due to the weakening of the Brazilian real versus the Canadian dollar. Directors’ fees in 2020 were $207,656 (2019: $172,500). Directors other than the CEO are compensated an annual fee of $35,000, which was increased from $20,000 per annum effective October 1, 2019. Five directors earned fees of $5,000 each per quarter in 2019 plus an additional $72,000 for one of the directors. In 2020, there were six directors who each earned $8,750 per quarter. Marketing and promotion of $107,417 in 2020 (2019: $314,507) declined due to less trade shows and travel mostly related to the Covid-19 restrictions. Filing and transfer agent fees of $135,904 in 2020 (2019: $78,509) increased in 2020 compared to 2019 due to the increase in shares as a result of the August 2020 issuance of shares. Other general and administrative expenses of $194,610 in 2020 (2019: $260,285) include $123,236 (2019: $215,569) related to operations in Brazil, and $71,374 (2019: $44,716) related to operations in Canada. Brazil expenses declined due to the weakening of the Brazilian real versus the Canadian dollar. Canadian expenses increased due to an increase in website, communications, and data room maintenance. Stock-based compensation of $1,342,867 (2019: $1,004,270) related to: an expense of $1,070,960 (2019: $871,880) from 4,400,000 (2019: 4,600,000) stock option grants that vested immediately out of a granted total of 7,930,000 (2019: 5,000,000).the remaining 3,530,000 options granted in 2020 vest over a three-year period with an amortized expense of $271,907. The additional expense of $132,390 in 2019 resulted from the amortization of 2,000,000 stock options granted in Q1 2018 that vest over a two-year period. Financial advisory fees of $540,965 (2019: $36,000) related to fees paid for financial advisory services in search of construction financing for the Posse Project. Fees were paid in 2019 and 2020, as Amarillo continued to retain the financial advisor. In addition, after attracting an interested lender, the Company incurred additional fees for technical due diligence and independent technical engineering oversight. Amarillo also incurred fees related to starting a project execution plan in anticipation of successfully completing the construction financing and breaking ground once a construction decision is made. Foreign exchange losses and gains relate mostly to the ANM liability for all periods and to the WPC receivable to pay for this liability, which was recorded for the first time in Q2 2020. Both items are recorded in Brazilian reais. Interest income of $50,295 (2019: $nil) is due to cash on hand following the August 2020 financing that raised net cash of $55.1 million. Cash on hand at December 31, 2020 was $52.4 million, most of which is invested in short term savings and investment accounts awaiting deployment for constructing Posse, exploration, and general corporate purposes. ABOUT AMARILLO Amarillo is advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil. The development stage Posse Gold Project is on the Company’s Mara Rosa Property in Goiás State. It has a positive definitive feasibility study that shows it can be built into a profitable operation with low costs and a strong financial return. Mara Rosa also shows the potential for discovering additional near-surface deposits that will extend Posse’s mine life beyond its initial 10 years. The exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 22 prospects centered on historic gold workings. Amarillo trades on the TSXV under the symbol AGC and the OTCQB under the symbol AGCBF. Visit www.amarillogold.com to learn more about the Company’s focus on becoming a mid-tier Brazilian gold producer. CONTACT INFORMATION Mike MutchlerPresident & CEO416-294-0736mike.mutchler@amarillogold.com Annemarie BrissendenInvestor Relations416-844-6284annemarie.brissenden@amarillogold.com NOTES Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. Forward-looking statements This news release contains forward-looking statements regarding the Company’s current expectations regarding future events, including its business, operations and condition, and management’s objectives, strategies, beliefs and intentions. Various factors may prevent or delay our plans, including but not limited to, the trading price of the common shares of the Company, capital market conditions, impacts from the coronavirus or other epidemics, counterparty risk, TSXV approval(s), contractor availability and performance, weather, access, mineral and gold prices, and success and failure of the exploration and development carried out at various stages of the program. Permission from the government and community is also required to proceed with future mining production. Readers should review the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. Readers should also review the risk factors applicable to junior mining exploration companies generally to better understand the variety of risks that can affect the Company. The Company undertakes no obligation to update publicly or otherwise revise any Forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. PDF available: http://ml.globenewswire.com/Resource/Download/c852719a-e97b-4ad9-88a6-664b5ad67d9a
Despite his past following him to Lakeside, Shadow makes himself at home and builds relationships with the town’s residents. Laura and Salim continue to hunt for Wednesday, who attempts one final gambit to win over Demeter.
The House of Representatives is expected to pass the American Rescue Plan tonight, an initial step toward giving Joe Biden his first major legislative achievement. The $1.9 trillion bill will likely draw few Republican votes, but Democrats have touted its popularity with the broader public, particularly those looking for additional Covid-19 relief. That includes much […]
Texas Gov. Greg Abbott and Sen. John Cornyn, R-Texas, plan to join President Biden during the president's trip to Houston on Friday.