Market Newsdesk

REDWOOD CITY, Calif., Nov. 17, 2020 (GLOBE NEWSWIRE) — Sumo Logic (Nasdaq: SUMO), the pioneer in continuous intelligence, today announced its Cloud SIEM solution now integrates with AWS Network Firewall, a new managed service that makes it easy to deploy essential network protections for all of your Amazon Virtual Private Clouds (Amazon VPCs) on Amazon Web Services (AWS). As organizations continue to ingest and collect more data, SecOps professionals are struggling to quickly detect, investigate and remediate cloud-based security issues. This integration provides security professionals real-time visibility into network traffic and automated correlation of threats surfaced by the AWS Network Firewall service, reducing the time to detect, investigate, and remediate security issues.

“As organizations continue to accelerate their digital transformation journeys, they have to address new issues and elevate their security data infrastructure to keep up with changing user, device, and network activity,” said Andrew Thomas, General Manager, Perimeter Protection, Amazon Web Services, Inc. “AWS Network Firewall makes it easy for customers to deploy essential network protections for all of their VPCs. Together with Sumo Logic’s cloud-native SIEM solution, users can significantly reduce enterprise attack surfaces through automated threat correlation, resulting in quicker time to remediation.”

Sumo Logic’s Cloud SIEM solution provides real-time visibility into network traffic and automated correlation of threats surfaced by AWS Network Firewall, and together deliver enhanced security benefits to joint customers including:

• Automated security operations – Automatically generate actionable insights—not just prioritized alerts—enriched with user, device and network context across all of your AWS and any hybrid on-premises and cloud data sources.

• Threat insights
  – Correlate threats and events automatically from AWS Network Firewall with events across your infrastructure, application, and security vendors to investigate root causes.

• Rapid response – Reduce time to detect, investigate, and remediate security issues surfaced from your AWS Network Firewall rule events and alerts.

• Powerful search and investigation – Provide security insights with foundational correlation, and deep search-based investigation along with the solution’s rich data visualization with out-of-the-box content and customizable dashboards.

• Low total cost of ownership and fast time-to-value – Achieve a low total cost of ownership and rapid time-to-value thanks to our AWS-native platform and economic licensing model.

“Security teams continue to be bombarded with too many security alerts and lack the proper visibility to see directly into evolving threats and trends across network traffic,” said Greg Martin, General Manager, Security Business Unit, Sumo Logic. “We’re excited our Cloud SIEM solution now supports AWS Network Firewall to provide the continuous intelligence needed across AWS-native traffic for deep analytics and automated correlation to help security and DevSecOps teams modernize their security practices.”

Sumo Logic’s Cloud SIEM is a cloud-native solution that addresses the challenges facing today’s modern SOC by automating the manual work for security analysts, saving them time and enabling them to be more effective by focusing on higher-value security functions. Sumo Logic Cloud SIEM provides real-time insights and continuous intelligence SOC teams can use to quickly identify evidence of compromise and improve their ability to respond quickly by understanding the impact of an attack. This removes common technology limitations that burden a SOC’s efficiency and ability to mitigate risk.

Sumo Logic’s integration with AWS Network Firewall is now generally available to both Sumo Logic and AWS customers. For more information, visit the Sumo Logic App for AWS Network Firewall page.

Additional Resources

• 
  Learn
  more how Sumo Logic supports AWS Network Firewall
• 
  See
  Sumo Logic’s Cloud SIEM up close
• Experience Sumo Logic’s Cloud SIEM for yourself with a custom demo

About Sumo Logic

Sumo Logic Inc. (Nasdaq: SUMO), is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contacts

Melissa Liton
Sumo Logic
[email protected]
(650) 814-3882

November
2
4

^th

, 2020, 1
2
:00pm –
1
:00pm EST

Register


Today


!

MARKHAM, Ontario, Nov. 17, 2020 (GLOBE NEWSWIRE) — According to a recent IDC report, 34 percent of Canadian food and beverage manufacturers are looking for new ways to boost profitability, while 26 percent now prioritize increased revenue

On November 24^th from 12:00pm – 1:00pm EST, join industry experts for IWI’s live webcast — “Improving Margins for the Food and Beverage Industry Using Food Tech” about the emerging role of ERP solutions in food and beverage manufacturing to maximize margins and reduce potential risk.

Sign up today for your chance to discover industry-specific insights and maximize manufacturing margins.

Improving Margin Management

Key topics covered in our live webinar will include cost management, regulatory compliance, inventory obsolescence, functional forecasting and quality management, along with actionable insights from three industry experts:

• Hitesh Dani, Sage Enterprise Solutions Strategist
  — Two decades of experience in enterprise-scale software deployments give Hitesh Dani a unique perspective on identifying and addressing key organizational challenges.
• Abhinav Maini
  ,
  
  Sage X3 Demo
  
  Specialist
  — Specializing in best-fit ERP deployments, Abhinav Maini empowers enterprises to maximize productivity.
• Sean Fraser, Sage X3 Sales Manager
  — Extensive knowledge of the Sage product family helps Sean Fraser maximize ERP efficacy and revenue potential for organizations.

Overcoming
Operational Obstacles

To maximize both profit and revenue, margin management is paramount. As noted by IDC’s Riding the Wave of Uncertainty report, however, operational obstacles often emerge to frustrate these efforts, such as:

• Regulatory changes
  — 49 percent of Canadian companies point to regulatory changes around Brexit, USMCA, HIPAA and GPDR as challenging to their bottom line.
• Labour
  shortages
  — 35 percent of firms highlight issues with skilled labour shortages in production and manufacturing facilities.
• Cybersecurity breaches
  — 40 percent point to potential cybersecurity breaches as problematic external forces.
• Product traceability
  — 54 percent note that lacking traceability could negatively impact their brand value, even as traceability expectations rapidly evolve.

Ready to tackle these challenges head on? Join us on November 24^th and discover how the right technology can help Canadian food and beverage manufacturers maximize margins, improve productivity and enhance operational outcomes.

Register


Now


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Can’t make it
to live session
?
Complete the registration form
and get access to the full recording after the webcast is complete.

About Us:
IWI Consulting Group has been helping Canadian companies implement Sage ERP solutions for more than 20 years. From food and beverage software to cloud manufacturing, distribution and professional services, IWI Consulting Group is your trusted Business ERP software provider.

Contact
:
John Sabaratnam
IWI Consulting Group Inc.
310 – 80 Acadia Avenue
Markham, ON L3R 9V1
Toll-Free: (866) 916-3851 ext 101
Email: [email protected] 

TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce the release of its financial results for the three and nine months ended September 30, 2020.

A copy of the unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2020 (the “Interim Financial Statements”) prepared in accordance with International Financial Reporting Standards and the corresponding Management’s Discussion and Analysis (the “MD&A”) are available under the Company’s profile on www.sedar.com. All references to “$” in this press release refer to United States dollars.

Third
Quarter 20
20
Highlights

• 7,974 ounces produced at Mupane with an average sale price of $1,872 per ounce.
• 1,284 ounces produced at Galaxy with the final pricing to be confirmed at the end of the quotational period in December.
• Earnings from mining operations for the period of $3,536,779.
• Positive cash flows from operating activities of $5,063,401.
• Debt repayments in the period of $1,755,218.
• Closing cash balance of $5,332,651.

Galane Gold CEO, Nick Brodie commented: “All in all a very pleasing quarter with the increased gold price continuing to positively impact our operating results, cash flow and debt reduction plan. We expect this impact to grow as we increase production at Galaxy and ramp up to the completion of Phase 1.

We expect to provide a comprehensive update to the market in December on our progress on Phase 1 at Galaxy and our plans for the Phase 2 expansion, with forecasted annual production of 43,000 ounces per year at an all in sustaining cost of $747 per ounce⁽¹⁾ during Phase 2, an increase from the previous forecasted annual production of 26,700 ounces at an all in sustaining cost of $897 an ounce⁽²⁾ for Phase 1.”

Covid-19 Update

The Company continues to face challenges related to COVID-19 and operations at both the Mupane and Galaxy sites are currently operating at less than a hundred per cent to ensure the Company complies with best operating practices relating to COVID-19 prevention.

Since September 21, 2020, South Africa has been on Alert Level 1 which is the lowest level and means that most normal activities are allowed as long as health guidelines are followed. As a result, production at Galaxy is restricted to ensure social distancing across the mine and the Company has had to on several occasions cease operations for a limited time in specific areas to manage positive cases in the work force.

On September 28, 2020, the Government of Botswana voted to extend the Covid-19 state of emergency to March 31, 2021. At the Mupane site, the Company continues to follow the health guidelines issued by the Government of Botswana and travel permits are required to travel outside of the Francistown area. This means production has also been restricted to comply with these requirements but the Company has had no positive cases in its workforce at Mupane. As of November 9, 2020 Botswana, opened up its borders to international travel and this has allowed the Company to bring additional skills into the country to assist local management.

About
Galane
Gold

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”. Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Notes

¹ The all in sustaining cost per ounce at Galaxy Gold Mine is supported by a technical report entitled “NI 43-101 Technical Report of Galaxy Gold Mine, South Africa” which was issued July 3, 2020, with an effective date of June 29, 2020, a copy of which is available under the Company’s profile on www.sedar.com.
² The all in sustaining cost per ounce at Galaxy Gold Mine is supported by a technical report entitled “A Technical Report on the Galaxy Gold Mine, Mpumalanga Province, South Africa” which was issued January 4, 2016, with an effective date of September 1, 2015, a copy of which is available under the Company’s profile on www.sedar.com.

Cautionary Notes

Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to: the Company’s dependence on two mineral projects; gold price volatility; risks associated with the conduct of the Company’s mining activities in Botswana and South Africa; regulatory, consent or permitting delays; risks relating to the Company’s exploration, development and mining activities being situated in Botswana and South Africa; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks arising from the Company’s fair value estimates with respect to the carrying amount of mineral interests; mining tax regimes; risks arising from holding derivative instruments; the Company’s need to replace reserves depleted by production; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; lack of infrastructure; employee relations, labour unrest or unavailability; health risks in Africa; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; risks related to restarting production; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; development of the Company’s exploration properties into commercially viable mines; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; risks related to the market perception of junior gold companies; and litigation risk. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been
prepared and
approved by
Kevin
Crossling
Pr. Sci. Nat.,
MAusIMM
. and
Business Development Manager
for
Galane
Gold, and a “qualified person” as defined by
NI
43-101.
Mr.
Crossling
has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data.

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

For further information please contact:

Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905 089878
[email protected]
www.GalaneGold.com

SÃO PAULO, Brazil, Nov. 17, 2020 (GLOBE NEWSWIRE) — StoneCo Ltd. (Nasdaq: STNE) (“Stone”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announces that the Linx Extraordinary General Meeting held on this date approved the business combination between STNE Participações S.A. (“STNE”), a controlled company of Stone that holds the software investments business of the Stone group in Brazil and Linx S.A. (B3: LINX3; NYSE: LINX) (“Linx”), a leading provider of retail management software in Brazil (“Transaction”).

The Linx Extraordinary General meeting (“ESM”) held today deliberated on Stone’s Transaction and voted in favor of the following:

With the approval by the Linx Shareholders in the ESM, the Transaction is now pending antitrust (CADE) approval and certain other conditions as set forth below.

We are very excited with this combination and believe this Transaction is the best outcome for all stakeholders, including Linx´s clients, shareholders and employees.

Approvals

The implementation of the Transaction is conditioned upon, among other things: (i) prior approval by the Brazilian antitrust authority (CADE); (ii) approval by the Linx shareholders at the Linx ESM, authorization for STNE to not list in the Novo Mercado, and exemption for STNE to carry out the tender offer provided for in Section 43 set forth in Linx’s bylaws; (iii) approval by the STNE shareholders of the redemption of the mandatorily redeemable preferred shares granted to Linx’s shareholders in exchange for cash and/or Stone Class A common shares at a shareholders meeting of STNE; (iv) the Stone BDRs shall be registered with the CVM and admitted to trading at B3 and (v) the effectiveness by the United States Securities and Exchange Commission (“SEC”) of Stone’s registration statement on Form F-4 in respect of the Stone Class A common shares to be issued to Linx shareholders. Regarding condition (v), on October 5, 2020, the SEC declared Stone’s Form F-4 effective. On condition (ii), the Linx shareholders voted in favor of the Transaction and each necessary approval in support thereof on November 17^th, 2020 at the Linx ESM.

We do not expect the Transaction to generate antitrust concerns.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended, or an exemption therefrom.

Additional Information and Where to Find It

In connection with the Transaction, Stone and Linx have filed relevant materials with the SEC including a registration statement of Stone on Form F-4. The Form F-4 contains a prospectus and other documents. INVESTORS AND SECURITY HOLDERS OF STONE AND LINX ARE URGED TO READ THE FORM F-4 AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT STONE, LINX AND THE TRANSACTION AND RELATED MATTERS. The Form F-4 and all other documents filed with the U.S. SEC in connection with the Transaction will be available when filed, free of charge, on the U.S. SEC’s website at www.sec.gov. In addition, the Form F-4 and all other documents filed with the U.S. SEC in connection with the Transaction will be made available, free of charge, to U.S. shareholders of Stone on Stone’s website at http://www.stone.co.

FORWARD LOOKING STATEMENTS

This communication contains certain statements that are “forward-looking” statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “should”, “would”, “will”, “understand” and similar words are intended to identify forward looking statements. These forward-looking statements include, but are not limited to, statements regarding the Transaction. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Transaction that could reduce anticipated benefits or cause the parties to abandon the Transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstances that could give rise to the termination of the agreements relating to the Transaction, the risk that the parties may not be able to satisfy the conditions to the Transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the Transaction, the risk that any announcements relating to the Transaction could have adverse effects on the market price of the shares of Stone or Linx, the risk that the Transaction and its announcement could have an adverse effect on the ability of Stone and Linx to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally, the risk that problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the risk that the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies, and other factors. All such factors are difficult to predict and are beyond Stone’s control, including those detailed in Stone’s annual reports on Form 20-F and current reports on Form 6-K that are available on its website at http://www.stone.co and on the SEC’s website at http://www.sec.gov. Stone’s forward-looking statements are based on assumptions that Stone believes to be reasonable but that may not prove to be accurate. Stone undertakes no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances that occur, or which we become aware of, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Contact:

Investor Relations
[email protected]