Stock Exchange: TSXV

Banxa Holdings Inc. (TSXV: BNXA)-Cryptocurrency Payment Solution Company’s Share Price up 2.5x After Going Public Yesterday – Introductory Note

We are introducing Banxa Holdings Inc. (“company,” “Banxa”), a Payment Service Provider (fiat-to-crypto and vice versa) (PSP) company based in Australia. Banxa went public yesterday through a reverse-takeover of a TSXV listed capital pool company. Banxa provides an international compliant solution enabling customers to engage in fiat-to-crypto as well as crypto-to-fiat transactions. The company targets both consumers (“B2C”) and businesses (“B2B”) in over 130 countries. Its solution permits the exchange of fiat currencies into bitcoin and other cryptocurrencies, and vice versa.

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Galane Gold Ltd. (TSXV: GG / OTCQB: GGGOF)-Ramping up Production with Easing Restrictions

With easing restrictions in both South Africa and Botswana, GG’s Q3 production increased 36% QoQ at Mupane (Botswana), and 50% at Galaxy (South Africa), and beat our expectations. We are raising our 2020 production forecast from 30.5 Koz to 32.5 Koz. Operating cost increased 5% YoY, and 2% QoQ, to $1,082/oz in Q3, and was higher than our expectations. However, gross profit increased 82% YoY, and 21% QoQ, to $790/oz, due to stronger gold prices.

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