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2025-01-09
Placing a legal bet in Illinois once required a trip to a racetrack. Then riverboat casinos set sail and eventually made landfall, followed by an ever-growing wave of slot machines installed at bars and restaurants statewide. Now, the advent of mobile sports betting means gamblers can get in on the action anywhere there’s a cell signal. And soon, the full gamut of casino games could be just a phone tap away, too, as lawmakers consider crossing the final frontier of legalized gambling in a state already teeming with temptations. Gaming interests are expected to make a full-court press next year in Springfield to legalize internet casino gambling, known in industry parlance as iGaming, that would bring state-regulated slots, blackjack, poker and more to the palm of your hand. It’s not the first time gaming industry players have pushed to expand Illinois’ sprawling menu of gambling options. Nor is it the first time they’ve faced stiff pushback from business owners who rely on video gaming terminals to draw customers through their doors — or from opponents who warn of a surge in addiction to what some have branded “gambling fentanyl.” But internet gambling could have better odds of advancing in the upcoming legislative session as Gov. JB Pritzker and statehouse leaders scramble for new money to help cover an estimated $3 billion budget shortfall. “In a tough budget year, you’re looking at ways to increase revenue. This is one tool for that,” said state Sen. Cristina Castro, an Elgin Democrat who has introduced iGaming bills that previously fell short. “And it’s something that could be more palatable to constituents.” Proponents estimate the state would rake in $450 million in new tax revenue within a year of allowing Illinoisans to play casino games on their mobile devices, eventually generating up to $800 million a year. Opponents argue it would be a zero-sum game for a state that has more places to bet than Nevada does, when counting Illinois’ 16 casinos, two racetracks and 8,660-and-counting bars, restaurants, gas stations and VFW halls authorized to operate video gaming machines. “When you start letting people play from home, do you think they’re going to go to those places and spend money?” said state Rep. John Cabello, R-Machesney Park. “It’s cutting off the nose and spiting the face.” Potential tax jackpots Illinois government relied on a record-high $2.1 billion in gaming tax revenue in the fiscal year ending in June, including $158 million from casinos, $190 million from sports betting, $848 million from video gaming and $886 million from the lottery, according to the state Commission on Government Forecasting and Accountability. Seven other states that have authorized internet gambling in recent years have seen significant tax windfalls — and surging interest from gamblers. New Jersey casinos reported a record $214 million in gross revenue from internet gambling in November, generating about $32 million in state taxes. Pennsylvania, which taxes iGaming at a higher rate, pulled in almost $86 million in taxes on $200 million in revenue. Gov. Pritzker called the idea “worthy of consideration” for Illinois. His office is drafting its yearly budget proposal, which he’ll present in February and negotiate with lawmakers for passage by the end of May. Pritzker’s administration has overseen a massive gambling expansion that added six new casinos, expanded video gaming and ushered in the sports betting industry — which the governor and state lawmakers slapped with hefty tax hikes last year. Lobbyists for major gambling companies like DraftKings and FanDuel banded together as the Sports Betting Alliance to fight the new graduated tax system before it was passed, threatening to leave the state due to the cut into their profits. But they’re back this time around to push for internet gambling, which the companies offer on their platforms in other states in addition to sports betting. Cannibalizing concerns The ubiquity of casino games could go live within a few months of potential legislative passage in Illinois, with licenses likely tied to partnerships with brick-and-mortar casinos, according to Sports Betting Alliance president Jeremy Kudon. That’s how the state handles sports betting licenses. “All of this iGaming already exists in Illinois,” Kudon said, pointing to illegal online casinos that have long operated offshore. “All we’re trying to do is legalize, regulate and tax it.” He rejected the idea that internet gambling would cannibalize dollars from other corners of Illinois’ saturated gaming market. “People who play online blackjack are not the same people going to bars and restaurants and casinos to play. Those have a certain social appeal and physical element that brings people in,” Kudon said. The companies say they’ve found that internet gamblers tend to be younger than casino or video gaming customers, with demographics skewing toward women with higher salaries who wager no more than $15 per session. “Something entirely on your phone attracts a different customer. It’s almost like mindless entertainment, or meditation. You’re present in this moment, not thinking about anything else,” Kudon said. “For me, it’s more of a relief than Netflix.” Castro agreed, saying “there is enough business to go around. We should do everything we can to shut down the illegal market.” But bar and restaurant owners are worried it would cut into their clientele who are often drawn in by video gaming. Keith Wetherell, executive director of the Illinois Licensed Beverage Association, estimates some businesses could see their revenue drop by 40% if customers have the option to gamble on their couch instead. “It lowers foot traffic in our establishments. That would be devastating to smaller bars and liquor license holders. A good portion of them wouldn’t survive,” Wetherell said. “A lot of these are Mom-and-Pop shops. Gaming helps subsidize health insurance options and keeps people employed. They wouldn’t be able to shoulder that big of a loss.” Those losses would hit local governments that split video gaming revenue at the benefit of large out-of-state gambling corporations, Wetherell said. “Their software isn’t in Illinois. This is a whole lot of money leaving the Illinois economy,” he said. More money would be made if Chicago were to adopt video gaming, Wetherell argued, an idea that Mayor Brandon Johnson has supported but hasn’t pushed to implement. State law allows municipalities to opt out of it. Cabello, the Republican state lawmaker, called it “absolutely, positively stupid” that Chicago bars and restaurants are missing out on video gaming revenue — a windfall the state could use, too. “How stupid can any elected official be, to know that your budget is ballooning out of control, and you don’t allow gaming in your city?” Cabello said, adding that he’d push for legislation requiring Chicago and other Cook County municipalities to allow video gaming. Kudon suggested the iGaming lobby would be open to potentially licensing some video gaming operators to cut them into the action — but Wetherell said he hasn’t seen “any mechanism that would make the system equitable.” ‘Gambling fentanyl’ Other opponents are urging lawmakers to look past the massive dollar signs being flashed by the internet gambling industry and to consider the social costs. “This literally is the equivalent of gambling fentanyl,” said Les Bernal, national director of the Stop Predatory Gambling advocacy group.”This is putting gambling fentanyl on every smartphone, in every living room, every dorm room, every office in the state of Illinois that has an internet connection.” A study commissioned by the state in 2021 found that 3.8% of adults in Illinois, or about 383,000 people, have a gambling problem, with additional 7.7% — about 761,000 people — potentially at risk for developing a problem. Since Pritzker authorized Illinois’ 2019 gaming expansion, he’s set aside additional money in state budgets for gambling addiction treatment programs . Internet gambling supporters also note their technology allows customers to set time and wager limits. None of that makes up for an inevitable rise in an addiction disorder that is closely linked to suicide, Bernal said. “The idea that you have this incredibly dangerous and addictive product, and you’re going to have state officials welcoming it when Illinois has already got as much predatory gambling as any state in America — it’s a threat to public health,” Bernal said. “There’s no grassroots movement for any of this. It’s being driven by very powerful gambling interests with the help of a handful of officials in both parties.” The new General Assembly will be inaugurated Jan. 8. Castro, the Elgin state senator who has supported internet gambling, said she expects extended talks on potential legislation through May.lunar calendar for cockfighting 2024
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Women more likely to need walking aids but less likely to use them – studyFrank Pietrobono brings over 25 years of leadership experience in sales, business development, and marketing within the technology and security industries. Renowned for his strategic vision and results-oriented approach, Mr. Pietrobono has a proven track record of driving growth and innovation across global markets. TORONTO-Ontario, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (OTC: ALXXF) (“ Avante ” or the “ Company ”) is pleased to announce the appointment of Mr. Frank Pietrobono as Vice President of Sales & Marketing, effective immediately. This appointment marks a significant milestone for Avante as it builds its sales leadership for the future and enters into the next phase of the Company’s growth. Mr. Pietrobono is a seasoned leader with over 25 years of experience driving growth and innovation in the technology and security industries through strategic vision, operational excellence, and market alignment. As the Vice President of Sales & Marketing at Avante, he will spearhead initiatives to expand the Company’s global market presence, enhance customer experiences, and advance cutting-edge solutions at the intersection of technology and physical security, reinforcing the Company’s position as a leader in security solutions and technology-driven advancements. Prior to joining Avante, Mr. Pietrobono served as the Vice President of Business Development at RSPNDR Inc., where he played a pivotal role in transforming the startup into a leading service provider for monitoring stations across North America. His efforts to align technology with market needs established RSPNDR Inc. as a benchmark in rapid-response solutions. Mr. Pietrobono has also held senior leadership positions at Tyco International, and AlarmForce. Notably, during his tenure as Senior Director of Global Sales and Service Operations at Tyco, he led the deployment of Salesforce CRM across six countries, managed a $13 million USD operational budget, and scaled cloud services to over 350,000 subscribers within two years. Mr. Pietrobono has completed executive development programs at the Schulich School of Business and holds certifications in sales and Six Sigma. Mr. Pietrobono has also demonstrated a strong commitment to industry leadership, previously serving as National President of CANASA and representing the industry on boards such as The Monitoring Association and the Security Industry Association. Manny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, commented, “We are excited to welcome Frank to the Avante team. His extensive leadership experience and proven track record in driving growth and innovation make him the perfect addition to help us expand our global footprint and deliver cutting-edge solutions to our clients. Frank’s deep expertise in IoT, cloud-based solutions, and integrated security technologies align perfectly with our mission to lead at the forefront of technology and physical security. In addition, Frank is known for building high-performing teams and delivering impactful strategies in dynamic environments.” About Avante Corp. Avante Corp Inc. is a Toronto based leading provider of security operatives and technology enabled security solutions to residential and commercial clients. Avante’s mission is to deliver an elevated level of security globally, with white-glove mentality to high- net-worth families and corporations alike, through advanced solutions and methods of detecting conditions that require immediate response. The Company has developed a diversified security platform that leverages advanced technology solutions to provide a superior level of security services. With an experienced team and proven track record of solid growth, Avante is taking steps to establish a broad portfolio of security businesses and solutions for its customers through organic growth complemented by strategic acquisitions. Avante acquires, manages and builds industry leading businesses which provide specialized, mission-critical solutions that address the security risks of its clients. Avante is listed on the TSX Venture Exchange under the ticker “ XX ”. For more information, please visit www.avantecorp.ca and consider joining our investor email list. Avante Corp. Emmanuel Mounouchos CEO, Chairman, and Founder (416) 923-6984 manny@avantesecurity.com Forward-Looking Information This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may” “estimate”, “pro-forma” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the Company’s ability to achieve the benefits expected as a result of the sale of Logixx Security Inc., anticipated growth from acquisitions, new service offerings and from development and deployment of new technologies and the list of risk factors identified in the Company’s Management Discussion & Analysis (MD&A), Annual Information Form (AIF) and other continuous disclosure documents available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update any such statement, whether as a result of new information, future events or otherwise. Neither 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.And single people are more likely to use mobility tools compared to those who are married, according to researchers from University College London (UCL) and the London School of Hygiene and Tropical Medicine (LSHTM). Researchers looked at information from a group of more than 12,000 adults in England aged 50 to 89 who were tracked over a 13-year period. At the start of the study, 8,225 adults had no mobility difficulty and did not use mobility assistive products (MAPs). Some 2,480 were deemed to have “unmet need” and 1,375 were using mobility aids. During the follow-up period, there were 2,313 “transitions” where people went from having no mobility issues to needing some help with getting around. And 1,274 people started to use mobility aids. Compared with men, women were 49% more likely to transition from not needing mobility aids to needing to use them, according to the study which has been published in The Lancet Public Health. But were 21% less likely to go on to use mobility aids when they needed them. The authors said their study showed “barriers to access” for women. For both men and women, with every year that passed during the study period the need for mobility aids increased. People who were older, less educated, less wealthy or reported being disabled were more likely to “transition from no need to unmet need, and from unmet need to use”, the authors said, with this indicating a “higher prevalence of mobility limitations and MAP need overall among these groups”. They added: “Finally, marital or partnership status was not associated with transitioning to unmet need; however, single people were more likely to transition from unmet need to use compared with married or partnered people.” Jamie Danemayer, first author of the study from UCL Computer Science and UCL’s Global Disability Innovation Hub, said: “Our analysis suggests that there is a clear gender gap in access to mobility aids. “Though our data didn’t ascertain the reason why participants weren’t using mobility aids, other research tells us that women are often more likely than men to face obstacles such as cost barriers as a result of well-documented income disparities between genders. “Many mobility aids are designed for men rather than women, which we think may be a factor. “Using mobility aids can also make a disability visible, which can impact the safety and stigma experienced by women, in particular. “There’s a critical need for further research to identify and break down the barriers preventing women from accessing mobility aids that would improve their quality of life.” Professor Cathy Holloway, also from UCL, added: “Not having access to mobility aids when a person needs one can have a big impact on their independence, well-being and quality of life. “Our analysis suggests that women, in particular, regardless of other factors such as education and employment status, are not getting the support that they need.” Professor Shereen Hussein, senior author of the study and lead of the social care group at the London School of Hygiene & Tropical Medicine, said: “The research provides compelling evidence of gender disparities in accessing assistive technology, suggesting that cost, design bias, and social stigma are likely to disproportionally affect women. “This underscores the need for inclusive, gender-sensitive approaches in the design, production and inclusivity of assistive technologies.”
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US to send $1.25 billion in weapons to Ukraine, pushing to get aid out before Biden leaves office WASHINGTON (AP) — U.S. officials say the United States is expected to announce it will send another $1.25 billion in military assistance to Ukraine. It's part of a push by the Biden administration to get as much aid to Kyiv as possible before leaving office on Jan. 20. Officials say the large package of aid includes a significant amount of munitions, including for the National Advanced Surface-to-Air Missile Systems and the HAWK air defense system. It also will provide Stinger missiles and 155 mm- and 105 mm artillery rounds. The officials say they expect the announcement will be made on Monday. They spoke on condition of anonymity to provide details not yet made public. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Warren Upton, the oldest living survivor of the attack on Pearl Harbor, dies at 105 HONOLULU (AP) — The oldest living survivor of the 1941 Japanese attack on Pearl Harbor and the last remaining survivor of the USS Utah has died. He was 105. Warren Upton died Wednesday at a hospital in Los Gatos, California. Kathleen Farley, the California state chair of the Sons and Daughters of Pearl Harbor Survivors, says he suffered a bout of pneumonia. The Utah was moored at Pearl Harbor when Japanese planes began bombing the Hawaii naval base in the early hours of Dec. 7, 1941. The attack propelled the U.S. into World War II. Israeli troops forcibly remove staff and patients from northern Gaza hospital, officials say DEIR AL-BALAH, Gaza Strip (AP) — Gaza's Health Ministry says Israeli troops have stormed one of the last hospitals operating in the territory's north and forced many of the staff and patients outside. Then they had to remove their clothes in winter weather. Friday's incident was the latest assault on Kamal Adwan Hospital. Staff say it has been hit multiple times in the past three months by Israeli troops waging an offensive against Hamas fighters in the surrounding neighborhoods. Israel's military says Hamas uses the hospital as a base. It did not provide evidence, and hospital officials have denied it. Azerbaijani and U.S. officials suggest plane that crashed may have been hit by weapons fire U.S. and Azerbaijani officials have said weapons fire may have brought down an Azerbaijani airliner that crashed on Wednesday, killing 38 people. The statements from Rashad Nabiyev and White House national security spokesman John Kirby on Friday raised pressure on Russia. Officials in Moscow have said a drone attack was underway in the region that the Azerbaijan Airlines flight was destined for but have not addressed statements from aviation experts who blamed the crash on Russian air defenses responding to a Ukrainian attack. The plane was flying from Azerbaijan’s capital of Baku to Chechnya on Wednesday when it crashed, killing 38 people and leaving all 29 survivors injured. Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case ATLANTA (AP) — A judge has ruled that the Georgia state Senate can subpoena Fulton County District Attorney Fani Willis. It's part of a inquiry into whether Willis has engaged in misconduct during her prosecution of President-elect Donald Trump. But Fulton County Superior Court Judge Shukura Ingram is giving Willis the chance to contest whether lawmakers’ demands are overly broad before Willis responds. A Republican-led committee was formed earlier this year and sent subpoenas to Willis in August seeking to compel her to testify during its September meeting and to produce scores of documents. Willis argued that the committee didn’t have the power to subpoena her. US homelessness up 18% as affordable housing remains out of reach for many people Federal officials say the United States saw an 18.1% increase in homelessness, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a surge of migrants in several parts of the country. The U.S. Department of Housing and Urban Development said that federally required tallies taken across the country in January found that more than 770,000 people were counted as homeless. That increase comes on top of a 12% increase in 2023, which HUD blamed on soaring rents and the end of pandemic assistance. Among the most concerning trends was a nearly 40% rise in family homelessness. What Snoop wants: Arizona Bowl gives NIL opportunities to players for Colorado State, Miami (Ohio) TUCSON, Ariz. (AP) — When Snoop Dogg agreed to become the sponsor of the Arizona Bowl, he had a demand: It must have a NIL component. Other bowls have provided NIL chances for single players the past few years, but the Arizona Bowl is believed to be the first to offer NIL compensation to every player on both Colorado State and Miami (Ohio). The players participated in youth clinics before Saturday's game and will be compensated for their time. Alex Ovechkin is on track to break Wayne Gretzky's NHL career goals record Alex Ovechkin of the Washington Capitals is chasing the NHL career goals record of 894 held by Wayne Gretzky. Ovechkin entered the season 42 goals short of breaking a record that long seemed unapproachable. He is set to play again Saturday at the Toronto Maple Leafs after missing more than a month with a broken left fibula. Ovechkin was on pace to get to 895 sometime in February before getting injured. At 868, he his 27 goals away from passing Gretzky.Drone sightings have been reported up and down the eastern US in recent weeks. Officials say they're investigating the mysterious aircraft — many of which have actually been crewed aircraft. But federal agencies stress that they need more authority to deal with the drone threat. Federal agencies are arguing they need more authority so they can better deal with drones amid the surge in unexplained drone sightings that have caused confusion throughout the eastern US in recent weeks. Department of Homeland Security and FBI officials said on Saturday that they are limited right now in how they can respond to the reported drone sightings that have stretched from Maryland to Massachusetts since mid-November. Much of the mystery has centered on New Jersey, where drones have been reported around military facilities and critical infrastructure sites. The Biden administration has stressed that these drones are not the work of a foreign adversary and do not appear to be a public safety threat. A White House spokesperson said many of the suspected drones are believed to be crewed aircraft that are operating lawfully. "While there is no known malicious activity occurring in New Jersey right now, the reported sightings there do highlight a gap in our current authorities," a DHS official said during a weekend background call with reporters. The official said that they urged Congress "to pass our important counter-UAS legislation that will extend and expand our existing counter-drone authorities." That legislation would leave DHS "better equipped to identify and mitigate any potential threats at airports or other critical infrastructure" but also provide state and local authorities with" the tools that they need to respond to such threats," the official added. An FBI official agreed with that argument and said that any investigation into the drones is "limited in scope." They said there is pending legislation that, if lawmakers passed it, would expand the agency's legal authority regarding counter-drone tools and technologies. The official said that the legislation would "help us quickly identify or quickly mitigate some of the threats." A bipartisan bill , the Counter-UAS Authority Security, Safety, and Reauthorization Act, sponsored by Tennessee Rep. Mark Green, would expand federal agencies' oversight of drones. Federal law enforcement officials told House lawmakers at a hearing this week that the current legal authorities they are working with aren't enough to deal with the threat that drones pose. These restrictions are felt by the military as well, as US Northern Command said earlier that it was aware of reports of unauthorized drone flights near two military installations in New Jersey: the Picatinny Arsenal and Naval Weapons Station Earle. A Department of Defense official said the military is limited in what it can do off-base and needs to coordinate with local and federal law enforcement to take any action. "We're also significantly restricted — and rightfully so, in fact, prohibited — from intelligence, surveillance, and reconnaissance here in the homeland," the official said during the call with reporters on Saturday. "We don't have the same capabilities and the same methods that we would employ in other locations outside of the homeland to determine points of origin and identify very quickly where these operators are located and then respond to that location," the official added. "We just can't do that here in the homeland." The recent sightings follow similar incidents over the past year, with drones spotted near sensitive military sites in the US and overseas. Recognizing it has a drone issue, the Pentagon recently announced a new counter-drone strategy as it looks to uncover better ways to defeat the threat . While the ongoing East Coast "mystery drone" saga has confused civilians and officials alike, federal agencies say many of the reported sightings are just crewed aircraft that are being misidentified as drones. However, the FBI has acknowledged that while only a small percentage of the tips it received ended up warranting further investigation, there is definitely some unexplained drone activity above New Jersey. "We're doing our best to find the origin of those drone activities," the FBI official said. "But I think there has been a slight overreaction."
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Banks added five rebounds for the Bulldogs (6-4). Jordan Marsh added 18 points while going 5 of 12 from the floor, including 2 for 3 from 3-point range, and 6 for 8 from the line while they also had five rebounds and five steals. Kameron Taylor shot 4 of 6 from the field and 5 for 5 from the line to finish with 13 points. Marcus Kell finished with 11 points for the Catamounts (3-6). Vernon Collins added 10 points for Western Carolina. Fischer Brown finished with eight points. These two teams both play Tuesday. UNC Asheville hosts North Florida and Western Carolina visits Tennessee. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
How George Washington used his first Thanksgiving as president to unite a new countryThe number of Common Shares to be issued to those Debentureholders who have elected to receive Common Shares in lieu of cash interest payment will be determined in accordance with the terms of the Indenture and policies of the TSX Venture Exchange (the“ TSXV ”), by dividing the interest payable in cash on the Interest Payment Date by the Discounted Market Price (as defined in the policies of the TSXV) of $0.10 as of the date of this press release. The issuance of the Common Shares in lieu of cash is subject to the restrictions in the Indenture as well as the receipt of all requisite approvals, including, without limitation, the approval of the TSXV. Additional details regarding the Debentures can be found in the Company's news releases dated May 1, 2023 and May 29, 2023 available under the Company's profile on SEDAR+ at . The TSXV has neither approved nor disapproved the content of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. About Rakovina Therapeutics Inc. Rakovina Therapeutics Inc. is focused on the development of new cancer treatments based on novel DNA-damage response technologies. The Company has established a pipeline of novel DNA-damage response inhibitors with the goal of advancing one or more drug candidates into human clinical trials and obtaining marketing approval for new cancer therapeutics from Health Canada, the United States Food and Drug Administration and similar international regulatory agencies. Further information may be found at . Cautionary Statement Regarding Forward-Looking Information This press release may contain "forward-looking statements" regarding the Company and its respective business within the meaning of applicable Canadian securities laws, including, without limitations, statements regarding: the Company's objectives, goals or future plans regarding its cancer treatments; the total interest payable under the Debentures, including the amounts to be settled in cash and through the issuance of Common Shares; the price of the Common Shares to be issued in cash and the receipt of all regulatory approvals in connection therewith, including the approval of the TSXV. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Often, but not always, forward-looking statements can be identified by the use of words such as“plans”,“is expected”,“expects”,“scheduled”,“intends”,“contemplates”,“anticipates”,“believes”,“proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events, or results“may”,“could”,“would”,“might” or“will” be taken, occur or be achieved. The forward-looking events and circumstances discussed in this press release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, economic factors, regulatory factors, the equity markets generally and risks associated with growth and competition. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. The reader is referred to the Company's most recent filings on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at . MENAFN17122024004107003653ID1109004992 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Saudi Arabia is not only our brother but also the centre of our religious beliefs. No words are strong enough to describe the most warm brotherly relations based on mutual respect and love between Saudi Arabia and Pakistan. These two countries are no doubt cited as being the most ideal in terms of their mutually trusted relations around the world. Saudi Arabia has always stood with and supported Pakistan in every difficult situation, be it some natural calamity, foreign aggression or any other problem of grave nature. Pakistan is facing water scarcity threats which are looming large on the horizon. Saudi Arabia is also one of the most water- scarce countries globally. Saudi Arabia recently hosted an important moot on water scarcity in close collaboration with France, Kazakhstan, and the World Bank .”One Water Summit” on the margin of the UN Convention to Combat Desertification in Riyadh, Saudi capital. It afforded an elusive opportunity to the world leaders to gather and mutually deliberate on ways and means for ensuring the sustainability and management of water resources. At the invitation of Saudi Crown Prince Muhammad Bin Salman (popularly known by his initials of MBS), Prime Minister Muhammad Shehbaz Sharif paid a two-day hectic visit to attend The One Water Summit at Riyadh. PM Shebaz Sharif in his speech highlighted the water scarcity issue faced by his country as well as many others around the globe and underscored the most dire need for a strong political will for tackling the onrushing water crisis, said water was the lifeblood of the planet as it was the cornerstone of economic uplift, food security and environment sustainability, emphatically pointing out the urgent need for the international cooperation and collaboration for addressing the growing water-related challenges immediately. The PM further stated that water was life sustaining; however, it was coming under increasing stress, nearly half of the world population was facing water scarcity, adequate funding was needed for climate resilient infrastructure and overcoming the financing gap was critical for climate-resilient countries like Pakistan. He called for establishing the frameworks for transparency, data sharing and regional cooperation to avoid conflicts and promote shared water resources. Highlighting the water scarcity problems of his country, the PM said that Pakistan was also one of those countries which were facing the water shortage; nearly 70 percent of our land consists of arid and semi-arid areas; around 30 percent of the population was directly affected by drought-like conditions, projected temperature was increasing and was significantly higher than the global average .Pointing to the initiatives like Recharge Pakistan and National Drought Plan, the PM pointedly stated that such initiatives could not be implemented effectively without necessary resources and technology. He also proposed a six-point agenda for tackling the water related challenges facing the world at large. Besides actively participating in ” One Water Summit” deliberations the PM also held two important and quite productive meetings on its sidelines with Saudi Crown Prince Muhammad Bin Salman and French President Emmanuel Macron and exchanged views on bilateral relations with them. Both the PM and MBS importantly reiterated the need for bringing about a qualitative shift in Pak-Saudi bilateral relationship in terms of their economic, trade, and investment relations and expressed their satisfaction at the pace of progress on the implementation of a number of Saudi Memorandums of Understanding and agreements regarding investment in Pakistan, with both leaders emphatically assuring to bring a major transformation in the bilateral ties of both the brotherly countries. The Saudi Crown Prince called for pretty meaningful cooperation between the two countries for ensuring economic growth and prosperity in Pakistan. On his part, the PM thanked the Saudi Crown Prince for his persistent and most appreciable affection for Pakistan and its people and hosting a very timely useful summit. PM Shehbaz Sharif extended an invitation to visit Pakistan at his earliest convenience. MBS seemingly looked very happy about his having six meetings with the Pakistani leader in as many months. And Pakistan and France agreed to further enhance their cooperation through business-to-business contacts in the areas of agriculture, livestock, information technology, skills development and clean drinking water when PM Shehbaz Sharif called on French President Emmanuel Macron. Both leaders quite emphatically reiterated their shared desires to continuously remain closely engaged on all regional and global issues as well as concerns of mutual interest. Expressing satisfaction at its positive trajectory, the French President and the Pakistani PM warmly exchanged views on the prevailing full spectrum of the Paris-Islamabad relationship including political, economic, trade and investment as well as cooperation at all multilateral forums including the United Nations. The PM also stressed the need to further strengthen mutually beneficial economic and trade relations between France and Pakistan and exhorted the French President to avail the vast investment opportunities in Pakistan in different sectors. He also commended the French leadership role on climate change and development issues while recalling President Macron’s strong advocacy for the people of Pakistan in the wake of devastating floods in 2022. The PM’s visit to Saudi Arabia was quite hectic in the sense that after attending “One Water Summit ” deliberations and holding quite fruitful meetings with the Saudi Crown Prince and the French President on the sidelines of the important moot, he had virtually rushed back to Islamabad to attend his pressing engagements at home without going to Makkah or elsewhere in the Saudi Kingdom. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
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