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"The Panam Sports executive committee has made the unwavering decision to remove the rights to be the host City of the continental Games in 2027."

Given that the Satanás gang has proven it can operate effectively from within Colombian prisons, locking up more members is unlikely to curtail the group’s activities.

"The move to the OTCQX Market is a crucial step in our ongoing development to foster increased confidence among current and prospective investors," said Geoff Hampson, executive chairman.