Terrace Energy CEO Gibbs issues revised market guidance

Terrace Energy {TSX.V: TZR} CEO Dave Gibbs announces that “the company have reacted to lower oil prices and taken steps to adjust its capital budget and development plans in response to the drop in commodity prices”.

Gibbs added “we believe that current oil prices are not the result of a sudden and precipitous change in long term fundamentals but rather the result of geopolitics. As a consequence, it is highly probable oil prices will”

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A class action lawsuit has been commenced against Nymox Corp. and its board

A class action lawsuit has been commenced against Nymox Corp. and its board of directors on behalf of shareholders that purchased their shares between January 2011 and November 2014.

The allegation is that Nymox failed to disclose material information affecting the Phase 3 clinical trials for its proprietary drug NX-1207 for the treatment of benign prostatic hyperplastic (BPH).

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