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bhaggo live casino CALGARY, Alberta – Minnesota Wild goalie Marc-Andre Fleury bounded down the tunnel and onto the ice for his 1,000th NHL start and what was presumably the final start of his career in the home rink of the Edmonton Oilers — a team he’d beaten 16 times previously in his career. ADVERTISEMENT He corralled one of the dozens of pucks strewn around the ice and fired toward the cage he would soon be guarding. But his attempt at an empty-net goal was foiled when the puck he had shot hit another puck at the top of the crease and both slid to the corners of the rink. It was just the first thing that would go wrong for the guy teammates lovingly call “Flower” on this night. Less than 30 seconds into the game, he swung at a puck bouncing in his direction all the way from the red line. He missed, and the Oilers led 1-0 on a fluke that had the Rogers Place crowd roaring and smiling. After the initial shock wore off, Fleury was smiling too. “I haven’t played in so long, I wanted to do well and help the team, and at the beginning to let that one in, I was mad for a little bit and then I just laughed. It was so stupid,” he said following Minnesota’s 5-3 win, which gave him a 4-0-1 record for the season. “The guys came by and they gave me a tap, and they laughed and kind of made it a little lighter. And they battled well, nobody sat back.” ADVERTISEMENT Just under 60 minutes of game time later, Flower was the one grinning in the Wild locker room as Minnesota won its ninth road game in a dozen opportunities. Fleury finished with 28 saves, and the other two Edmonton goals both went off the skates of Wild defenders. In the first period, he made a sprawling poke-check save to thwart Oilers star Connor McDavid’s rush to the net that had the Edmonton crowd primed to explode again. It was the 1,030th appearance in an NHL game for Fleury, moving him past Patrick Roy into third in the NHL record books for most games played by a goalie. He will turn 40 on Thanksgiving Day and has been in the league since 2003, after the Penguins made him the first-overall pick in that summer’s draft. But with Filip Gustavsson off to a fantastic start as the Wild’s mainstay in the crease, and Jesper Wallstedt waiting in the wings (in Iowa) presumably as the franchise’s goalie of the future, Fleury finds himself in a new role: backup goalie. Perhaps the only time his ever-present smile seemed forced following the win in Edmonton was when Fleury pointed out, on two occasions, that it was his first start in three weeks, since a win at San Jose on Nov. 7. ADVERTISEMENT Minnesota coach John Hynes reiterated on Friday afternoon that there was, for a brief moment, a thought that the Wild would carry three goalies — Gustavsson, Fleury and Wallstedt — for a time in October, meaning there would be two backups, or a rotation plus a third stringer. It didn’t work out that way. “Gus and Flower played well. Wally played well. But based on contracts and things like that and where everyone’s at in their career, Wally went down and played (in Iowa) and he’s doing a good job now and has found his game,” Hynes said. “But Flower’s playing really well and Gus is playing really well. So, it hasn’t been that he’s...the understudy. It’s just, here’s what we need to do everyday and then we’ll try to let you know when we’re going to start. Sometimes, it might be in advance. Sometimes, it might be a little closer to the game.” Fleury has made it clear that this will be the final season of his career, so like a rare flower that only blooms once in a while, seeing one of his remaining starts is worth seeking out. Of course, with the Wild defying expectations, the team’s fanbase is clearly hoping this flower keeps blooming well into May or even June. ADVERTISEMENT ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .

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Calgary, Alberta–(Newsfile Corp. – December 16, 2024) – Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (“Saturn” or the “Company”), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to provide our 2025 development capital budget and annual guidance, along with an operational update and Saturn’s outlook for the next three years. “Our development capital expenditures (2) budget of $300 to $320 million is targeting stable production averaging 38,000-40,000 boe/d (1) in 2025 (the “2025 Budget”), approximately 85% of which is oil and liquids, with ongoing margin improvements through cost optimization, capitalizing on synergies, and streamlining operational processes to deliver greater value per barrel,” said John Jeffrey, Chief Executive Officer of Saturn. “Our focus on increasing free funds flow supports a systematic reduction in leverage ratios over time, underpins opportunistic tuck-in acquisitions, and enables the Company to continue enhancing per share metrics. Over the next three years, we intend to build on the 2025 Budget and drive free funds flow generation with net debt reduction, reflecting Saturn’s commitment to sustainable value creation.” 2025 BUDGET HIGHLIGHTS Over 70% of our 2025 Budget is expected to be deployed during the second half of the year (37% in Q3 and 34% in Q4), with 24% weighted to Q1 and the balance in Q2, reflecting the seasonal impacts of spring break-up. Given this cadence, production volumes are anticipated to be highest in Q1 and Q4, while free funds flow is anticipated to be highest in Q2 given the low capital spending in that period. Through 2025, Saturn intends to direct free funds flow to net debt reduction, maximizing share buybacks under the current normal course issuer bid, and pursuing core-up acquisitions, all of which are intended to improve per share metrics and underpin long-term sustainability. Our 2025 corporate guidance estimates may fluctuate with commodity prices and / or regulatory changes and are designed to provide readers with information relevant to Management’s expectations for financial and operating results during the year. Saturn is also pleased to confirm an accompanying 2025 Guidance Presentation is available for viewing or download from our website . Our returns-focused 2025 Budget is designed to enhance margins and maximize adjusted funds flow (“AFF”) and free funds flow. In addition, approximately $15 million is expected to be allocated to capitalized administrative costs, approximately $14 million to asset retirement obligations and $15 million related to lease payments associated with a gas processing contract in 2025. Cash taxes in 2025 are anticipated at approximately $8 million. Sensitivities Saturn’s forecasted funds flow is most sensitive to changes in crude oil prices. Saturn estimates that each additional US$5/bbl increase in the US$ WTI oil price would provide an incremental approximately $35 million in AFF (2) . Annualized sensitivity analysis on AFF (2) , estimated for 2025: 2025 CAPITAL PROGRAM DETAILS A summary of Saturn’s 2025 capital plans by area follows, which remains subject to change through the year should operating conditions fluctuate. Southeast Saskatchewan West Saskatchewan Central Alberta OPERATIONS UPDATE Saturn has continued to enhance production efficiency and well performance across our core areas, resulting in positive operational performance since the update provided in our Q3/24 press release . Southeast Saskatchewan We currently have three drilling rigs active in this area which will continue into 2025, two of which are drilling Bakken wells at Viewfield. Since 2023, Saturn has extended the lengths of our Viewfield OHML Bakken wells. Initially drilled at 1-mile laterals, these wells were increased to 1.5-miles, and in 2024 the Company drilled two, 2-mile open hole eight-leg Bakken wells. Consistent with our Saturn Blueprint described below, we successfully expanded the use of multilateral technology to the Company’s legacy Spearfish land base, where we drilled Canada’s first six-leg by 1-mile multilateral Spearfish well. Saturn’s third rig has been steadily drilling in Flat Lake and is now on the seventh and final 2-mile well to conclude the 2024 program. We also successfully drilled the first ever mono-bore Torquay well at Flat Lake, saving capital costs while materially increasing capital efficiencies. The Company continues to advance our waterflood at Flat Lake with the conversion of ten legacy Torquay producer wells to waterflood injection wells, adding pressure support to the formation and building up five pre-pressurized Bakken inventory locations we plan to drill in 2026. West Saskatchewan The Company has finalized our 2024 drilling program in this area. Saturn drilled 15 net operated Viking wells that are on production (plus seven additional non-operated drills); one disposal well; and our first four net Lower Shaunavon wells at Battrum/Butte, which are currently being completed. In addition, the Company commissioned a stripping station facility in the Battrum Units, which increases fluid processing capacity, optimizing pumping conditions and enhancing production from numerous wells in the Battrum field. Our drilling success in the Viking Plato field through the latter half of 2024 drove the Company to construct a new battery and gathering system for the area, which are expected to reduce current and future field operating expenses as well as lower emissions. Central Alberta Saturn recently concluded drilling the final well of a four-well pad at Lochend, which includes the longest Cardium well drilled on record in Canada, at 7,570m of total well length. Not only is this accomplishment a testament to our team’s technical capabilities, it also demonstrates Saturn’s culture of innovation and commitment to improving economics. While longer lateral lengths are technically more challenging, drilling extended reach horizontals meaningfully improves capital efficiencies in the Cardium, and can be utilized across other plays and assets within our portfolio. The pad at Lochend is expected to undergo completions through the end of 2024 and into early 2025, with initial production anticipated to come online in mid-Q1/25. The drilling rig from Lochend was relocated up to West Pembina to drill one final well that concludes our Central Alberta 2024 program, culminating in a total of 16 net wells being drilled in 2024, including 12 in the Cardium and four in the Montney oil window. THREE-YEAR OUTLOOK Aligned with our 2025 Budget, Saturn is pleased to present a three-year outlook spanning 2025 to 2027 (the “Outlook”). This Outlook highlights our commitment to long-term resilience, financial strength, and focus on deploying our Saturn Blueprint to maximize free funds flow while continuing to mitigate risks and enhance financial flexibility. To protect our balance sheet and reduce exposure to market volatility, Saturn actively hedges and has 55-60% of oil and liquids volumes (net of royalties) contracted on a rolling forward 12-month basis. Additionally, we have locked in USD/CAD exchange rates at 1.33935 to secure predictable principal and interest payments on our Senior Unsecured Notes issued in June 2024 (the “Senior Notes”) for the next three years, safeguarding the Company from currency fluctuations. Strategic pillars of our Outlook include the following, assuming a constant US$70.00/bbl WTI price: Deploying the Saturn Blueprint Our disciplined Saturn Blueprint represents a repeatable strategy of acquiring undervalued mid-life cycle assets that were non-core to other operators, yet have significant untapped development and optimization potential when integrated within our portfolio. Since 2021, Saturn has completed four transformative acquisitions funded through a prudent mix of equity and debt. Today we have a robust, oil-weighted asset base comprised of low-risk, high-return, mid-life cycle properties featuring a long runway of capital-efficient production enhancement projects. By applying the Company’s operational expertise and leveraging our extensive infrastructure, we are able to drive down costs, improve capital efficiencies and add incremental reserves, followed by a steady reduction in leverage metrics. We see significant potential to continue unlocking value, increasing free funds flow and driving growth by consistently executing the Saturn Blueprint. Our southeast Saskatchewan area provides a clear demonstration of the Blueprint in action. Since integrating the assets, Saturn’s utilization of OHML technology in the Bakken has significantly expanded our drilling inventory, increased reserves, and added a material quantum of net present value to the assets that was not reflected in the purchase price. Further, this provided proof-of-concept to replicate our OHML development strategy in other areas across our portfolio, including the Spearfish, where we anticipate realizing similar value creation. Saturn’s Blueprint also prioritizes financial flexibility by targeting to be under 1.0 times net debt to Adjusted EBITDA (2) in the 12 to 18 months following each transaction. All of the Company’s outstanding debt, comprised of US$650 million Senior Notes, has been termed out for five years to mid-2029. As such, the Senior Notes eliminate any near-term maturity concerns, have no restrictive financial maintenance covenants and have successfully lowered our borrowing costs by approximately 40%. Through an annual 10% prepayment schedule (2.5% quarterly) of the Senior Notes, Saturn systematically reduces debt, and has further liquidity available with $113 million in cash (as of Q3 2024) and a fully undrawn $150 million credit facility. NOTES (1) See reader advisory: Supplemental Information Regarding Product Types. (2) See reader advisory: Non-GAAP and Other Financial Measures. (3) 2025 Pricing assumptions: WTI crude oil of US$70.00 /bbl; US$13.00/bbl WCS differential; US$3.50/bbl MSW differential; CAD/USD exchange rate of 0.72x; AECO price of C$2.50/GJ. (4) Based on 193 million weighted average basic common shares outstanding. (5) Based on midpoint production of 39,000 boe/d. ABOUT SATURN Saturn is a returns-driven Canadian energy company focused on the efficient and innovative development of high-quality, light oil weighted assets, supported by an acquisition strategy targeting accretive and complementary opportunities. The Company’s portfolio of free-cash flowing, low-decline operated assets in Saskatchewan and Alberta provide a deep inventory of long-term economic drilling opportunities across multiple zones. With an unwavering commitment to building an entrepreneurial and ESG-focused culture, Saturn’s goal is to increase per share reserves, production and cash flow at an attractive return on invested capital. The Company’s shares are listed for trading on the TSX under ticker ‘SOIL’, on the OTCQX under the ticker ‘OILSF’ and the Frankfurt Stock Exchange under symbol ‘SMKA’. Further information and our corporate presentation are available on Saturn’s website at www.saturnoil.com . READER ADVISORIES Non-GAAP and Other Financial Measures Throughout this news release and in other materials disclosed by the Company, Saturn employs certain measures to analyze financial performance, financial position and cash flow. These non-GAAP and other financial measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures provided by other entities. The non-GAAP and other financial measures should not be considered to be more meaningful than GAAP measures which are determined in accordance with IFRS, such as net income (loss), cash flow from operating activities, and cash flow used in investing activities, as indicators of Saturn’s performance. The disclosure under the section “Non-GAAP and Other Financial Measures” including non-GAAP financial measures and ratios, capital management measures and supplementary financial measures in the Company’s condensed consolidated interim Financial Statements and MD&A are incorporated by reference into this news release. This news release may use the terms “Adjusted EBITDA”, “Adjusted Funds Flow”, “Net Debt”, “Free Funds Flow”, “Net Debt to Annualized Adjusted EBITDA” and “Net Debt to Annualized Quarterly Normalized AFF” which are capital management financial measures. See the disclosure under “Capital Management” in our Condensed consolidated interim Financial Statements and MD&A for the nine months ended September 30, 2024, for an explanation and composition of these measures and how these measures provide useful information to an investor, and the additional purposes, if any, for which management uses these measures. Capital Expenditures Saturn uses development capital expenditures to monitor its capital investments relative to those budgeted by the Company on an annual basis. Saturn’s capital budget excludes acquisition and disposition activities as well as the accounting impact of any accrual changes or payments under certain lease arrangements. Development capital expenditures in this press release are calculated as expenditures on exploration and evaluation assets, property plant and equipment and excludes the impact of capitalized administrative costs. Adjusted EBITDA The Company considers Adjusted EBITDA to be a key capital management measure as it was used within certain financial covenants prescribed under the Company’s previous Senior Term Loan and demonstrates Saturn’s standalone profitability, operating and financial performance in terms of cash flow generation, adjusting for interest related to its capital structure. Adjusted EBITDA is defined by the Company as earnings before interest, taxes, depreciation, amortization and other non-cash or extraordinary items. Adjusted EBITDA is presented both before and after derivatives to identify the impact of WTI commodity contracts hedges in place. Adjusted Funds Flow The Company considers adjusted funds flow to be a key capital management measure as it demonstrates Saturn’s ability to generate the necessary funds to manage production levels and fund future growth through capital investment. Adjusted funds flow is calculated as cash flow from operating activities before changes in non-cash working capital, decommissioning expenditures and transaction costs. Management believes that this measure provides an insightful assessment of Saturn’s operations on a continuing basis by eliminating certain non-cash charges, actual settlements of decommissioning obligations, of which the nature and timing of expenditures may vary based on the stage of the Company’s assets and operating areas, and transaction costs which vary based on the Company’s acquisition and disposition activity. Free Funds Flow The Company considers free funds flow to be a key capital management measure as it is used to determine the efficiency and liquidity of Saturn’s business, measuring its funds available after capital investment available for debt repayment, pursue acquisitions and gauge optionality to pay dividends and/or return capital to shareholders through share repurchases. Free funds flow is calculated as Adjusted funds flow in the period less expenditures on property, plant and equipment and exploration and evaluation assets, together “capital expenditures”. By removing the impact of current period capital expenditures from adjusted funds flow, management monitors its free funds flow to inform its capital allocation decisions. Net Debt Net debt is a key capital management measure as it is used to assess the ongoing liquidity of the Company. Net Debt is calculated as the carrying value of the Senior Notes, less adjusted working capital including cash. The Company closely monitors its capital structure with a goal of maintaining a strong balance sheet to fund the future growth of the Company. Net Debt to Adjusted EBITDA Management considers Net Debt to Adjusted EBITDA an important measure as it is a key metric to identify the Company’s ability to fund financing expenses, net debt reductions and other obligations. When this measure is presented quarterly, Adjusted EBITDA is annualized by multiplying by four. When this measure is presented on a trailing twelve-month basis, Adjusted EBITDA for the twelve months preceding the net debt date is used in the calculation. Net Debt to Adjusted EBITDA is calculated as Net Debt divided by annualized Adjusted EBITDA. Net Operating Expenses Net operating expense is calculated by deducting processing income primarily generated by processing third party production at processing facilities where the Company has an ownership interest, from operating expenses presented on the statement of income (loss). Where the Company has excess capacity at one of its facilities, it may process third-party volumes to reduce the cost of ownership in the facility. The Company’s primary business activities are not that of a midstream entity whose activities are focused on earning processing and other infrastructure-based revenues, and as such third-party processing revenue is netted against operating expenses in the MD&A. This metric is used by management to evaluate the Company’s net operating expenses on a unit of production basis. Net operating expense per boe is a non-GAAP financial ratio and is calculated as net operating expense divided by total barrels of oil equivalent produced over a specific period of time. Operating Netback and Operating Netback, Net of Derivatives The Company’s operating netback is determined by deducting royalties, net operating expenses and transportation expenses from petroleum and natural gas sales. The Company’s operating netback, net of derivatives is calculated by adding or deducting realized financial derivative commodity contract gains or losses from the operating netback. The Company’s operating netback and operating netback, net of derivatives are used in operational and capital allocation decisions. Presenting operating netback and operating netback, net of derivatives on a per boe basis is a non-GAAP financial ratio and allows management to better analyze performance against prior periods on a per unit of production basis. Supplemental Information Regarding Product Types References to gas or natural gas and NGLs in this press release refer to conventional natural gas and natural gas liquids product types, respectively, as defined in National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities , except where specifically noted otherwise. 2025 average production, and the three year Outlook forecast average production at the midpoint of the guidance range, is anticipated to be comprised of approximately 85% crude oil and NGLs and 15% natural gas. Boe Presentation Boe means barrel of oil equivalent. All boe conversions in this news release are derived by converting gas to oil at the ratio of six thousand cubic feet (“Mcf”) of natural gas to one barrel (“Bbl”) of oil. Boe may be misleading, particularly if used in isolation. A Boe conversion rate of 1 Bbl : 6 Mcf is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio of oil compared to natural gas based on currently prevailing prices is significantly different than the energy equivalency ratio of 1 Bbl: 6 Mcf, utilizing a conversion ratio of 1 Bbl : 6 Mcf may be misleading as an indication of value. Forward-Looking Information and Statements. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “scheduled”, “will” or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release may include, but is not limited to: guidance relating to fiscal year 2025 including the amount of capital expenditures, the timing of capital expenditures, the Company’s expected 2025 average production, quarterly fluctuations in production, the Company’s average decline rate, anticipated 2025 financial metrics including Adjusted EBITDA, AFF, Free Funds Flow and year end Net Debt; the Company’s anticipated use of available funds; the expected number of wells to be drilled at certain of the Company’s locations in 2025; the allocation of the Company’s expected 2025 capital expenditure budget to certain areas; expectations regarding the Company’s waterflood plan and the timing for drilling Bakken inventory locations; reductions in operating costs and emissions resulting from the Viking Plato battery; the successful deployment of extended reach horizontal drilling in certain of the Company’s locations; the Company’s three year Outlook, including average annual production, reinvestment and capital allocation plans; free funds flow and forecast per share metric growth and net debt; the successful replication of OHML drilling in other of the Company’s areas; the Company’s drilling and development plans; target production and debt levels; margin improvements through cost optimization; capitalizing on synergies and streamlining operational processes; type-curve performance; expectations regarding netbacks, capital allocations, hedging strategy, capital return strategy and plans; the business plan; acquisition strategy; commodity and foreign exchange pricing; value creation strategy and cost model of the Company. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Saturn, including expectations and assumptions concerning: the timing of and success of future drilling, the ability to successfully replicate certain strategies across the Company’s other areas; development and completion activities, the performance of existing wells, the performance of new wells, the availability and performance of facilities and pipelines, the ability to allocate capital to pay down debt and grow or maintain production, the impact of our hedging strategy, the geological characteristics of Saturn’s properties, the application of regulatory and licensing requirements, the availability of capital, labour and services, the creditworthiness of industry partners and the ability to integrate acquisitions. Although Saturn believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Saturn can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual plans and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraints in the availability of services, commodity price and exchange rate fluctuations, actions of OPEC and OPEC+ members, changes in legislation impacting the oil and gas industry, adverse weather or break-up conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Saturn’s interim Management Discussion and Analysis for the three and nine months ended September 30, 2024 and Annual Information Form for the year ended December 31, 2023, available on SEDAR+ at sedarplus.ca . Forward-looking information is based on a number of factors and assumptions which have been used to develop such information, but which may prove to be incorrect. Although Saturn believes that the expectations reflected in its forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because Saturn can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things, our capital expenditure and drilling programs, drilling inventory and booked locations, production and revenue guidance, debt repayment plans and future production and growth plans. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. The forward-looking information contained in this press release is made as of the date hereof and Saturn undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. This news release contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about Saturn’s prospective results of operations including, without limitation, the Corporation’s capital expenditures, production, asset retirement obligations, lease payments and administrative costs, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI. Saturn’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits Saturn will derive therefrom. Saturn has included the FOFI in order to provide readers with a more complete perspective on Saturn’s future operations and such information may not be appropriate for other purposes. Saturn disclaims any intention or obligation to update or revise any FOFI statements, whether as a result of new information, future events or otherwise, except as required by law. All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234071 #distroBOSTON (AP) — Two men, including a dual Iranian American citizen, have been arrested on charges that they exported sensitive technology to Iran that was used in a drone attack in Jordan that killed three American troops early this year and injured dozens of other service members, the Justice Department said Monday. The pair were arrested after FBI specialists who analyzed the drone traced the navigation system to an Iranian company operated by one of the defendants, who relied on technology funneled from the U.S. by his alleged co-conspirator, officials said. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.WASHINGTON , Dec. 2, 2024 /PRNewswire/ -- Today, the Biotechnology Innovation Organization (BIO) and the Council of State Bioscience Associations (CSBA) released new national and state-level data on the U.S. bioscience industry's economic performance, its impacts, and its geographic footprint. The report, " The U.S. Bioscience Economy: Driving Economic Growth and Opportunity in States and Regions ," analyzes the sector's economic impact via employment, overall output, wages/benefits, and tax revenue. Key takeaways from the report include: "America's bioscience sector is vital to addressing the world's most pressing challenges -- from pandemics and national security to preventative health and environmental sustainability. Industry leaders and researchers overcome tremendous obstacles every day to advance innovative solutions and help people lead healthier lives, and this report shows how the sector continues to enrich communities, create jobs, and grow economies across our great country," said John F. Crowley , BIO's President & CEO. "For two decades now, this report series has shown the growth and impact of the bioscience industry on the economy. In the wake of the COVID-19 pandemic and economic downturns, it is clear that the biosciences remain a key sector of the growing innovation economy," said Pete Pellerito , BIO Senior Policy Adviser for Federal and State Economic Development and Technology Transfer Initiatives. "The bioscience industry's economic footprint extends to every U.S. state and region," said Ryan Helwig , Principal and Project Director with TEConomy Partners. "That means all parts of the country play a part in the industry's breakthroughs and advancements and benefit from its economic impact." The state-by-state industry assessment is the eleventh in a biennial series, developed in partnership by TEConomy Partners and BIO , and studies the state of the U.S. bioscience industry and its associated innovation ecosystem at the national, state, and metropolitan area levels. The report includes individual fact sheets for all 50 states, the District of Columbia , and Puerto Rico , which can be found alongside the full report and map at www.bio.org/jobs . About BIO BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial, and environmental biotechnology products. BIO also produces the BIO International Convention , the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. About Council of State Bioscience Associations The Council of State Bioscience Associations (CSBA) is a coalition of independent state and territory based non-profit trade associations, each of which advocates for public policies that support responsible development and delivery of innovative life-sustaining and life-saving biotechnology solutions. Convened by the Biotechnology Innovation Organization (BIO), CSBA's collective voice represents the true grassroots network of innovators, researchers, manufacturers and accelerators across the country. About TEConomy TEConomy Partners, LLC is a global leader in research, analysis and strategy for innovation-driven economic development. Today we're helping nations, states, regions, universities and industries blueprint their future and translate knowledge into prosperity. The principals of TEConomy Partners include the authors of the prior Battelle/BIO State Bioscience Development reports, published since 2004. For further information, please visit www.teconomypartners.com . CONTACT- Vicky Stinson | vstinson@bio.org View original content to download multimedia: https://www.prnewswire.com/news-releases/new-report-finds-bioscience-sector-generates-over-3-trillion-for-us-economy-302320044.html SOURCE Biotechnology Innovation Organization (BIO)

NEWS BRIEF Arctic Wolf has announced plans to acquire Cylance from its owner, BlackBerry, to add endpoint security to its Aurora Platform, which also includes managed detection and response (MDR), vulnerability management, managed security awareness, and cloud security capabilities. The integration addresses a growing demand for unified security solutions and could potentially position Arctic Wolf to take on competitors, such as CrowdStrike and SentinelOne. Arctic Wolf will be offering a native endpoint security solution as well as giving customers the option to work with any of the 15 supported endpoint products. "By adding endpoint security to our platform, we will be delivering the security outcomes organizations want in one, frictionless operational platform to go toe-to-toe with today's advanced threats, while maintaining our commitment to customers and partners leveraging other endpoint solutions," said Dan Schiappa, Arctic Wolf's chief product and services officer, in a statement. In a separate blog post , Schiappa said Aurora has integrated with Cylance for over seven years, and the "ability to stop 98% of endpoint attacks before they begin is something we have seen first-hand in our SOC." He assured existing Cylance customers that their endpoint security products will continue to be fully supported. The transaction is a mix of $160 million in cash and 5.5 million Arctic Wolf common shares of Arctic Wolf. Arctic Wolf is currently privately owned but has IPO plans. The deal is expected to close in BlackBerry's fourth fiscal quarter, which ends in February. The combination of Cylance and Arctic Wolf would "rapidly eliminate alert fatigue, reduce total risk exposure, and help customers unlock further value with our warranty and insurability programs," said Nick Schneider, president and chief executive officer of Arctic Wolf, said in a statement. Cylance is Arctic Wolf's sixth acquisition. Previous deals include secure intelligence platform RootSecure, threat-hunting platform Rank Software, security training company Habitu8, digital forensics firm Tetra Defense, and security orchestration software developer Revelstoke. Arctic Wolf is getting Cylance at a significant discount. BlackBerry originally paid $1.4 billion to acquire Cylance in 2018. Cylance was key to BlackBerry's transformation away from a mobile handset company into a provider of cybersecurity services. "As Arctic Wolf leverages its scale to build upon and grow the Cylance business, BlackBerry will benefit as a reseller of the portfolio to our large government customers and as a shareholder of the company," said BlackBerry CEO John Giammatteo in a statement. BlackBerry will retain its Secure Communications portfolio, including Unified Endpoint Management (UEM) for securing devices, AtHoc for critical event management, and SecuSUITE for secure messaging and phone calls. As Dark Reading’s managing editor for features, Fahmida Y Rashid focuses on stories that provide security professionals with the information they need to do their jobs. She has spent over a decade analyzing news events and demystifying security technology for IT professionals and business managers. Prior to specializing in information security, Fahmida wrote about enterprise IT, especially networking, open source, and core internet infrastructure. Before becoming a journalist, she spent over 10 years as an IT professional -- and has experience as a network administrator, software developer, management consultant, and product manager. Her work has appeared in various business and test trade publications, including VentureBeat, CSO Online, InfoWorld, eWEEK, CRN, PC Magazine, and Tom’s Guide.Vancouver, BC, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) ("Rockridge”) (the "Company”) is pleased to announce that it has filed and has commenced the delivery of the joint management information circular of the Company, Eros Resources Corp. (" Eros ”) and MAS Gold Corp. (" MAS Gold ”) dated November 26, 2024 (the " Circular ”) and related materials for the annual general and special meeting of shareholders of the Company (the " Meeting ”) to approve, among other things, the previously announced three-way merger transaction (the " Transaction ”), pursuant to which, Eros will acquire (i) all of the issued and outstanding shares of Rockridge by way of plan of arrangement under the Business Corporations Act (British Columbia) (the " Rockridge Arrangement ”) and (ii) all of the issued and outstanding shares of MAS Gold that it does not already own by way of plan of arrangement under the Business Corporations Act (British Columbia) (the " MAS Arrangement ”). Pursuant to the Transaction, shareholders of Rockridge will receive 0.375 common shares of Eros (each full share, an " Eros Share ”) for each Rockridge common share (a " Rockridge Share ”) held and shareholders of MAS Gold will receive 0.25 Eros Shares for each MAS Gold common share (a " MAS Gold Share ”) held. Upon closing of the Transaction, existing Eros shareholders will own approximately 42.37% of the combined company, existing MAS Gold shareholders will own approximately 37.33% of the combined company, and existing Rockridge shareholders will own approximately 20.30% (based on the current issued and outstanding shares of each of the companies). Benefits of the Transaction: The board of directors of the Company unanimously recommends that shareholders vote FOR the Transaction and related matters, for the reasons above, among other reasons discussed more fully under the heading "The Transaction - Reasons for the Transaction" in the Circular. The Circular provides important information on the Transaction and related matters, including the background to the Transaction, the rationale for the recommendations made by the board of directors of the Company, voting procedures and how to attend the Meeting. Shareholders are urged to read the Circular and its schedules carefully and in their entirety. The Circular and meeting materials can also be found under the Company's profile on SEDAR+ ( www.sedarplus.ca ) as well as on the Company's website at: https://www.rockridgeresourcesltd.com/investors/agm/. Rockridge is aware that, as a result of the national strike commenced by the Canadian Union of Postal Workers on November 15, 2024 (the " Strike ”), Canada Post's operations have shut down. In order to facilitate the delivery of the Circular and related materials for the Meeting to non-registered shareholders in the event that the Strike, lockout or similar or related events prevent, delay or otherwise interrupt delivery of Circular and related materials for the Meeting to non-registered shareholders in Canada in the ordinary course by the applicable intermediaries, Rockridge will provide the Circular and meeting materials by electronic mail or by courier upon request by a shareholder to the Company at 604-558-5847 or by email at [email protected] . The Meeting will be held at 1111 W Hasting Street 15 th Floor, Vancouver, British Columbia V6E 2J3 on January 6, 2025 at 10:00 a.m. (Vancouver time). Shareholders of record as of the close of business on November 8, 2024 are entitled to receive notice of and vote at the Meeting. Shareholders are encouraged to vote well in advance of the Meeting in accordance with the instructions the form of proxy or voting instruction form delivered to shareholders. The deadline for shareholders to return their completed proxies or voting instruction forms is January 2, 2025 at 10:00 a.m. (Vancouver time). Note that Shareholders who hold their shares with a broker, bank or other intermediary may be required to return their voting instruction form in advance of January 2, 2025 at 10:00 a.m. (Vancouver time) to be included in the vote. Non-registered shareholders are also encouraged to contact the proxy department at their broker or other intermediary (where their common shares are held) who can assist them with the voting process. Non-registered shareholders must follow the voting instructions provided by their broker or other intermediary and will need their specific 16-digit control number to vote. To vote using your smartphone, please scan this QR code below: (403) 668-8307 Olympia Trust PO Box 128 Station M Calgary, AB T2P 2H6 Attention: Proxy Department To vote using your smartphone, please scan this QR code below: 1-800-474-7493 (English) 1-800-474-7501 (French) Data Processing Centre PO Box 3700 Stn Industrial Park Markham, ON L3R 5S5 Receipt of Interim Orders The Company is also announcing that the Supreme Court of British Columbia has granted the interim orders in respect of the Rockridge Arrangement and the MAS Arrangement (together, the " Interim Orders ”). The Interim Orders authorize various matters related to the Rockridge Arrangement and the MAS Arrangement, including the holding of meetings of shareholders of Rockridge and MAS Gold and the mailing and delivery of the Circular to shareholders of Rockridge and MAS Gold. ‎ Additional Information Full details of the Transaction are set out in the Business Combination Agreement, which is filed on the Company's profile on SEDAR+ at www.sedarplus.ca . On behalf of the Board, Jonathan Weisblatt ‎CEO About Rockridge Resources Ltd. Rockridge Resources Ltd. is a public mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. Rockridge's 100% owned Knife Lake Project is located in Saskatchewan which is ranked as a top mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the large property package. Rockridge's gold asset is its 100% owned Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps. Additional information about Rockridge and its project portfolio can be found on the Company's website at www.rockridgeresourcesltd.com . Rockridge Resources Ltd. Jonathan Wiesblatt, CEO Nicholas Coltura, Corporate Communications ‎ ‎Email: [email protected] [email protected] NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. None of the securities to be issued pursuant to the Transaction have been, nor will be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction. Forward-Looking Information and Statements This press release contains certain "forward-looking information” and "forward-looking statements” within the meaning of applicable securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of the Company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could”, "intend”, "expect”, "believe”, "will”, "projected”, "planned”, "estimated”, "soon”, "potential”, "anticipate” or variations of such words. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and/or the combined company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the inability of the Company, Eros and MAS Gold to integrate successfully such that the anticipated benefits of the Transaction are realized; the inability to realize synergies and cost savings at the times, and to the extent, anticipated; the inability of the Company, Eros or MAS Gold to obtain the necessary regulatory, stock exchange, shareholder and other approvals which may be required for the Transaction; the inability of the Company to close the Transaction on the terms and timing described herein, or at all; the inability of the Company to work effectively with strategic partners and any changes to key personnel; inability of the combined company to successfully complete a private placement or other financing upon completion of the Transaction; and material adverse changes in general economic, business and political conditions, including changes in the financial markets. These risks are not intended to represent a complete list of the factors that could affect the Company and/or the combined company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or forward-looking statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the combined company's future decisions and actions will depend on management's assessment of all information at the relevant time. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and forward-looking statements are reasonable, undue reliance should not be placed on such information and forward-looking statements, and no assurance or guarantee can be given that such forward-looking information and forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

The Prime Minister is set to visit British troops serving on Russia’s border as he says Ukraine will require more funding and capability. Sir Keir Starmer was speaking at the Joint Expeditionary Force (JEF) conference in Estonia where he met leaders of other Baltic states. After signing an energy partnership with Norwegian Prime Minister Jonas Gahr Store in Bergen, Sir Keir flew to Estonia where he spoke alongside Mr Store and their Estonian counterpart Kristen Michal. Asked what else could be done to support Ukraine, Sir Keir said: “There is an ever-increasing demand for more capability. That is understandable, and Ukraine needs all the capability that it can get, so I think all of us have put in more capability into Ukraine by way of equipment.” He added: “A lot of money has been raised, funding has been raised, but more is going to be needed.” The Prime Minister’s also discussed making the economic case at home for continued support for Ukraine. Sir Keir said: “Making the case on the significance of Ukraine, making the case, to double down, linking it back to each of our countries – what does it mean for us if Russia succeeds, is a really important question that we have to answer with our people to make it clear why it is that we are so supportive of Ukraine, why it is that we must stand with our allies on this, why it is we must make sure that Nato is put in the strongest position as well. “Now, this is a different world to the world of 10, 20 years ago, to recognise the world that we are living in, there’s a positive case as well to be made. “Defence spending doesn’t sort of sit in a silo over here with no effect on the rest of the economy, no effect on technology. “It has a huge effect on technologies, the cutting edge of technology and change which can then be used in other areas. “It binds countries together. I think all of us have got joint projects on in terms of defence capabilities that bind us together. There’s a huge number of well-paid jobs that are very important to our economy in defence spending as well. “But we have to make that positive case. I don’t personally feel that we can sort of sit back and assume that all of those in our respective countries necessarily accept all of our arguments unless we make them in that positive way, which I do think the argument can and should and must be made. “But the challenge that you put to us is the right challenge, which is it’s very difficult when finances are tight, as they are in all of our countries.” On Tuesday morning the Prime Minister will meet Taavi Madiberk, the founder of Estonian tech start-up manufacturing low-cost air defence missiles, Frankenburg Technologies, which is planning to open a new office in London Specialising in the manufacture of the missiles, the rapidly growing company already collaborates closely with the UK defence industry, sourcing a significant portion of its subsystems locally, including from propulsion specialists Roxel in Worcestershire. The Prime Minister will again attend the JEF summit, joining leaders from the Nordics and Baltics to discuss support for Ukraine, the sustained threat posed by Russia and wider European security. He will then visit British forces serving in the region to deter malign Russian threats.Love, unity and social justice are elements of the human experience that are central to the Christmas holiday season. It’s a time, not only of celebration, but of personal reflection and a renewal of the belief that, together, we can make the world a better, kinder place, full of hope and generosity toward one another. Perhaps that’s why the Christmas season is ideally suited for the coming concert by reggae legend, Clinton Fearon as he takes the stage with Caleb Hart. Reggae music is, after all, about social justice, love and the hope for the best that the human soul can muster. “The music is great because it shows reality, but it also shows how things should be between people,” Fearon says. Currently on tour in Brazil, Fearon says he loves coming back to Victoria for a Christmas show, because he loves the community and its people. “I live in Seattle right now, but I try to get up to Victoria whenever I can. The people are wonderful there,” he says. Born in Kingston, Jamaica, Fearon has been performing his music for more than 50 years, finding his inspiration at his local Seventh-day Adventist church. He performed with The Gladiators and later reorganized his musical vision by forming The Boogie Brown Band. That group’s debut album, , marked the beginning of Fearon’s successful solo career. He has toured throughout Europe, the United States, Africa, and, well, just about anywhere you can imagine. But what is it about reggae that endures and brings out the best in the human spirit? “Beyond the sense of hope, the music has a heartbeat. The rhythms touch the soul and, at Christmas, that connection is more important than ever.” That sentiment is shared by Caleb Hart, who will appear alongside Fearon at their coming Christmas show. “First off, I grew up listening to Clinton Fearon. I was born in Tobago and the music...I call it Island soul... was a huge part of who I am. I always dreamed of performing with Clinton, and I finally have the chance this Christmas. It’s my own special Christmas gift,” Hart says. Hart has managed to make his own mark on the reggae scene, having toured Australia, the U.S., New Zealand, Europe, Africa and the Caribbean for just over a decade. In that time, he’s played an astounding 1,150 shows and says that he loves the music a bit more with every performance. “I released my latest album, recently. It was all written and performed here in Victoria and it’s a brief journey through the Caribbean. Island Soul is epitomized in the release and I’m looking forward to performing some of it at the concert,” he says. “The Christmas concert and reggae are, to me, a perfect blend. The spirit of Christmas is, at its heart, the same spirit that Christmas is meant to embody,” Hart says. “I know that we’ll be able to touch people with the music.” The Acoustic Reggae Holiday Celebration happens Friday, Dec. 13 at the White Eagle Polish Hall (90 Dock St.). Tickets are available at ticketweb.ca/event/acoustic-reggae-holiday-celebration-ft-white-eagle-polish-hall-tickets.“It looks like an ACL tear,” interim coach Darren Rizzi said Monday. “He’ll probably get a second opinion, but it looks like it will be season-ending.” Hill, who is listed at tight end but plays a variety of roles, was carted off the field after taking a hard hit to his left knee while converting a fourth down on a direct snap in the Saints’ 21-14 loss Sunday to the Rams. The injury came one game after he'd posted a career-best 138 yards rushing and scored three touchdowns in a victory over Cleveland. He also has lined up at quarterback and running back, as well as playing special teams. “It means everybody else has to step up,” Rizzi said. “He fills so many roles, so there are going to be a lot of different guys that have to be a part of the solution there. It’s hard to sit here and tell you we are going to replace Taysom. You can’t. He’s a phenomenal person, player, leader and captain. It’s a big loss." Hill is the third key offensive player the Saints have lost. He joins leading wide receivers Chris Olave, who suffered a concussion in Week 9 and has not played since, and Rashid Shaheed, who is out for the year after tearing a meniscus in Week 7. Rizzi said guard Nick Saldiveri also might miss the remaining five games after injuring his left knee in the fourth quarter one series before Hill. Without Hill, though, the Saints’ quest to get back in the NFC South race became even tougher. At 4-8, they trail Atlanta and Tampa Bay by two games. Hill has 99 catches, 437 carries, 302 passes, 44 touchdowns, 19 tackles and one blocked kick in seven years with the Saints. “I don’t know if I can compare Taysom to anybody else that I’ve ever coached,” Rizzi said. “There’s not a guy that comes to mind that has been able to do all the different things he’s been able to do just in one game, forget about his career." Alvin Kamara had his third 100-yard rushing game of the year and is 106 yards away from the first 1,000-yard season of his eight-year career. He needs only 39 more yards to set a career high. His 206 carries are the third most in his career. Los Angeles averaged 5.4 yards per carry, finishing with 156 yards. Rams running back Kyren Williams said they knew at halftime they would win if they stuck to the ground game, and he carried seven times on the opening series of the third quarter as they took the lead. The Saints have allowed 5.1 yards per carry for the season — tied for last with the New York Giants. Signed in late October after Shaheed’s season-ending surgery, Marquez Valdes-Scantling has become Derek Carr’s go-to receiver for big plays. His 28-yard touchdown catch in the fourth quarter was the Saints’ longest gain of the day and his fourth score in the past three games. Tight end Foster Moreau, a reliable performer all year, could not handle Rams outside linebacker Jared Verse on the Saints’ final offensive snap, allowing him to hit Carr as he released a pass on fourth-and-3 from the Los Angeles 9 with New Orleans trailing by 7. Although the news was bad for Hill and Saldiveri, Rizzi said he expected starting center Erik McCoy to play Sunday against the Giants. McCoy was scratched against the Rams after aggravating a groin injury two weeks earlier versus Cleveland in his first game back since missing seven in a row. Rizzi said oft-injured running back Kendre Miller, who has played in two games this year, might return from a hamstring injury Sunday. 2 — The number of sacks for the Saints, not enough to keep Rams quarterback Matthew Stafford from finding his rhythm in the second half. In the Rams’ last five losses, he has been sacked 20 times. In their last five wins, he has been sacked three times. With their NFC South hopes on life support, the Saints travel to face the reeling Giants, who have lost seven in a row. AP NFL: https://apnews.com/hub/nfl

NEW YORK — Stoli Group USA, the owner of the namesake vodka , has filed for bankruptcy as it struggled to contend with slowing demand for spirits, a major cyberattack that has snarled its operations and several years of fighting Russia in court. The company in its bankruptcy filing said it is “experiencing financial difficulties” and lists between $50 million and $100 million in liabilities. Stoli vodka and Kentucky Owl bourbon will continue to be available on store shelves while the company navigates the Chapter 11 process, which only pertains to its U.S. business. Until 2022, Stoli was sold as Stolichnaya in the United States, which loosely translates to “capital city” in Russian. The company shortened its title following Russia’s invasion of Ukraine and boycotts against Russian-branded vodkas . Stoli Group’s founder, Russian-born billionaire Yuri Shefler, was exiled from that nation in 2000 because of his opposition to President Vladimir Putin. Intel announced on December 2 that CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. The liquor has long been marketed as a Russian vodka, but its production facilities have been in Latvia for several decades. Stoli Group is a unit of Luxembourg-based SPI Group, which owns other spirit and wine brands. “The Stoli Group has been targeted by the Russian Federation since it was formed nearly 25 years ago,” said Stoli Group CEO Chris Caldwell in a statement. “Earlier this year the company and our owner were both named by the Russian state as ‘extremist groups working against Russia’s interests.’” Its ongoing legal battle with the Russia government has forced Stoli to “spend dozens of millions of dollars on this long-term court battle across the globe with the Russian authorities,” according to its court filing. Caldwell also said that Stoli’s global operations has been a “victim of a malicious cyber attack” that has forced the company to operate “entirely manually while the systems are rebuilt.” A slowdown in demand for alcohol has crushed several company’s bottom lines following the pandemic when people were stuck at home and stocked up. Stoli’s filings said that it has seen a “decline and softening of demand for alcohol and spirits products post-Covid and especially beginning in 2023 and continuing into 2024.” Stoli Group USA, maker of Stoli vodka, has filed for bankruptcy due to slowing demand for spirits, a major cyberattack, and ongoing legal battles with Russia. The-CNN-WireTM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved. Get the latest local business news delivered FREE to your inbox weekly.

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